Home
In this issue
April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review June 14, 2007 / 28 Sivan, 5767

Pulling money can break Iran

By Dick Morris & Eileen Mc Gann


Printer Friendly Version
Email this article

http://www.JewishWorldReview.com | The past week has very possibly been the key turning point in the drive to cripple the Iranian government and force it to back off its nuclear weapons program. Uncovered by the mainstream media, a courageous and far-sighted effort by Reagan's assistant secretary of defense, Frank Gaffney, to force state pension systems to stop investing in companies that do business with Iran or Sudan has won key victories in Florida, California and Ohio.


Spurred by vigorous lobbying by key legislators in each state, these massive pension funds are now committed to disinvest from companies that invest in Iran's or Sudan's energy industries.


Gov. Charlie Crist (R) of Florida signed legislation last week banning such pension-fund investments. On June 5, the California Assembly unanimously voted to require CalPERS and CalSTRS, the public employee and teacher retirement systems, to disinvest from companies that invested in Iran's defense, nuclear or oil industries. CalPERS has about $2 billion now invested in companies that would be covered by the law. Imagine the hit that these companies' CEOs and directors will take in their bonuses that are linked to stock prices when these shares are dumped on the market! California Assemblyman Joel Anderson, noting that "money is the mother's milk of terrorism," decried how California pension funds — the largest in the country — are "funding terrorist groups that are trying to kill us."


Meanwhile, in Ohio, the five public pension systems gave in to demands from state legislators that they too disinvest from companies that are doing business in Iran and Sudan. The pension funds had originally resisted calls for disinvestment, claiming they impeded their mission of maximizing returns on their investments, but they have now told the state House Speaker, Jon A. Husted — who brokered the deal — that "they would work to pull most of their money out of companies with ties" to Iran or Sudan, according to the Columbus Dispatch. Their decision came as a bill to require such disinvestment was working its way through the legislature.


These actions come on top of the trailblazing decision of Missouri state Treasurer Sarah Stillman to stop investing in companies that do business with Iran, Syria, Sudan or North Korea.


United Nations sanctions are important, but these state pension decisions directly impact the 485 companies that Gaffney's group, www.disinvestterror.org, has found to invest in the four terror-sponsoring nations identified in the Missouri disinvestment program.


Iran's key vulnerability is its economy, which is totally dependent on energy revenues. Eighty-five percent of government revenues come from the energy sector, and these revenues are expected to drop from $55 billion in 2006 to only $44 billion this year due to a rise in domestic demand for energy and decreasing energy production. By 2014, it is estimated Iran will export no oil at all unless foreign investment comes to the rescue and helps generate additional production. Iranian oil reserves are the second largest in the world, but are of no use to the ayatollahs unless they can get at them. By cutting off foreign investment in the energy sector, these state governments have gone a long way toward destabilizing the Iranian regime.


Now it is up to Congress to pass legislation requiring the Bush administration to apply the sanctions already legislated in the Iran and Libya Sanctions Act passed in the mid-90s but never applied due to national security waivers by Presidents Clinton and Bush. By forcing the president's hand — even passing the bill over his veto — Congress will relieve Bush of a political quandary. The reason the president keeps granting waivers on the applications of the formidable set of sanctions that could descend on Iran is that Europeans resent the extraterritorial application of American power over their companies that invest in Iran. (That's why state pension fund disinvestment is so effective: It is a way of leveraging foreign companies through market forces even though we have no political control over them.)


All the speculation about military action against Iran misses the point: It is through economic disinvestment in their energy and banking industries that we can exert maximum leverage and likely topple this pernicious regime — or force it to give up its nuclear program.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Dick Morris is author, most recently, of "Outrage: How Illegal Immigration, the United Nations, Congressional Ripoffs, Student Loan Overcharges, Tobacco Companies, Trade Protection, and Drug Companies Are Ripping Us Off . . . And". (Click HERE to purchase. Sales help fund JWR.) Comment by clicking here.



Dick Morris Archives


© 2007, Dick Morris

Columnists

Toons

Lifestyles