According to Globes: (via memeorandum)
In another blow to Israeli shares, the Harvard Management Company notified the US Securities and Exchange Commission (SEC) on Friday that it had sold all its holdings in Israeli companies during the second quarter of 2010. No reason for the sale was mentioned. The Harvard Management Company manages Harvard University’s endowment.
The first assumption was that this was the result of political pressure from the BDS (Boycott, Divest, Sanction) movement.
Prof Bainbridge, though, notices that many of the companies from Israel listed were losing money. However that may not even be the real reason as Solomonia notes:
In other words, Israel’s economy is so good it’s no longer considered “developing,” it’s just a category shift…which sounds plausible to me. How much do you want to bet that that’s pretty close to what it’s going to be all about when we start hearing from on the record sources?
Yid with Lid and Israel Matzav have updated their posts accordingly.
In other BDS news, Johnny Rotten disagrees with the movement.
Most musicians, particularly those who have been around for 30 years, wouldn’t let hate mail upset them. They probably wouldn’t even read it. But John’s anger is genuine. He wants me to record it, for posterity. “I really resent the presumption that I’m going there to play to right-wing Nazi jews,” he tells me. “If Elvis-f******-Costello wants to pull out of a gig in Israel because he’s suddenly got this compassion for Palestinians, then good on him. But I have absolutely one rule, right? Until I see an Arab country, a Muslim country, with a democracy, I won’t understand how anyone can have a problem with how they’re treated.”
That’s our Johnny Rotten. Always lively. Always entertaining. Often wrong. But, whatever you may think of him, never afraid to stick that bog-brush haircut exuberantly over the parapet.
Crossposted on Soccer Dad.
