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Sep

30

Investor’s Daily Business: muddles info on Mandel, Ohio and divestment


This time, the perpetuation of wrong intimations are in an op-ed that Investor’s Business Daily published:

Legislation to prevent investment by Ohio’s public pension funds in companies that do business with the terror-sponsoring and nuke-building mullahs in Iran has been introduced by State Reps. Shannon Jones and Joshua Mandel.

Mandel knows something about Iranian involvement in Iraq, particularly with Iran’s supplying jihadists with advanced IEDs to kill Americans. He served a combat tour there as a Marine.

That’s it. Not another word.  And the op-ed is dated September 26, 2007.

I hope no one I know and no one responsible for policy decisions anywhere else relies on op-eds like this one, from a print publication that also publishes online.  Because clearly no one did their research, or else they’d know that Ohio’s legislation was effectively derailed and placed in the roundhouse and that Rep. Mandel may in fact know more than just “something about Iranian involvement in Iraq.”

That’s what I keep saying anyway.

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By Jill Miller Zimon at 10:53 pm September 30th, 2007 in Business, Government, Media, Military, Ohio, Politics 

Comments

6 Responses to “Investor’s Daily Business: muddles info on Mandel, Ohio and divestment”

  1. 1 John Curry on October 1st, 2007 4:38 pm

    Jill,
    I appreciate Josh Mandel’s service to our country and detest terrorism as much as my fellow Buckeyes. I must add that I also detest (with equal compassion) a bill that (as written) does not require banks, investment houses, and every Ohio citizen to equally share in the sacrifice of divestiture. My retirement system’s (STRS Ohio) chief investments officer , Stephen Mitchell, estimates that a Mandel enforced divestment will cost our system between 70 and 100 million dollars to implement. This money is direly needed for a system who charges a retiree and spouse more than $600 monthly healthcare premiums while some retirees are making the choice between food or medicine.

    If this divestment is to remain fair to ALL Ohioans then it must equally affect ALL Ohioans…not just the stakeholders of Ohio’s public pension systems and then..just those who have monies in the defined benefits retirements of these systems. Why doesn’t Josh’s bill apply to all Ohioans and Ohio businesses enterprises?

    Also, Why does Israel not have mandatory divestment with companies doing business with Iran despite Israel’s former Prime Minister’s appearances in the U.S. to pressure divestment by U.S. public retirement systems and no other U.S. public entities? Why doesn’t Benjamin practice what he preaches on the home front?
    John Curry

  2. 2 June on October 1st, 2007 5:21 pm

    BIG Dittos John.
    Why should a foreign country – Israel – have any say so over privately earned monies. The question arises of why would our US government allow those foreign influences into our monetary lives. Let’s not forget, though Mandel is in Iraq being a good soldier, he is also being paid for being a legislature in absentia AND receiving military pay. Is anything of his earnings being divested? And are any of the Ohio legislative members also divesting? Why only retirement funds of some Ohioians? Some retirees have had to sell their homes to pay for medical bills and costs!! Lets not create any more low income citizens because of interference with nonstate retirement systems members’ private contributions.

  3. 3 Jill Miller Zimon on October 1st, 2007 7:40 pm

    John, you know I believe that you ask excellent questions. I’m embarrassingly unfamiliar with Israel’s regulations over its investments – you don’t happen to know a source you trust?

  4. 4 Jill Miller Zimon on October 1st, 2007 7:42 pm

    June, thanks for reading and commenting. You also make good points. Now, one thing I will say about Israel, I don’t know what it calls itself, but its economic structure, taxes and all, is closer to socialism than ours, I believe – at least, it was when I was there (84-85). So the gov’t’s reach into private money might, historically be different – I don’t know that, I’m just saying, I’m not sure that our systems are apples to apples.

  5. 5 John Curry on October 2nd, 2007 8:55 pm

    Jill….here is where I found out that divestiture is not forced in Israel. The copy below is from the Asia Times. Please go down to the third paragraph. John
    Source: http://atimes.com/atimes/Middle_East/IG14Ak01.html

  6. 6 Jill Miller Zimon on October 2nd, 2007 9:07 pm

    John – thank you – I appreciate that very much.

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