Wednesday, January 24, 2007

International Relations: Netanyahu asks Massachusetts to stop investing in companies doing business with Iran

Israeli Opposition leader Benjamin Netanyahu, has asked a U.S. pension fund to pull money out of companies doing business with Iran because of fears over possible development of nuclear weapons.

"This allows you to use economic pressure that might obviate the need to use different measures," former prime minister Netanyahu told reporters after meeting with Massachusetts Treasurer Tim Cahill. "It actually might work given Iran's own vulnerabilities."

Cahill and Michael Travaglini, executive director of the state's $46 billion pension fund, said they would consider the request. Representatives of Rhode Island and New Hampshire, which have smaller pension funds, also attended the meeting.

Last year Missouri said that it would stop investing in companies doing business with Iran.

Post: 6/10 depending on ongoing bloody technical problems