May 21, 2024

Economist blasts ‘terrorist sympathizers’ for pushing universities to divest from Israel: ‘Almost impossible’

An analyst is warning U. S. pupils calling for their institutions to “divest from Israel” that for a move may be “almost difficult” to apply.

In an interview with Fox News Digital, First Trust Deputy Chief Economist Robert Stein explained that Boycott, Divestment, Sanctions ( BDS ) supporters are mistaken about what it would mean to divest from Israel- affiliated companies.

According to Stein, “any investments that criminal sympathizers do like colleges to avoid making are in index funds,” where colleges and universities are vested in a wide range of stocks.

Finding a fund that does n’t contain stocks from Israeli companies or American companies that do business with Israeli companies would be difficult because index funds contain a variety of stocks.

HIMS &amp, HERS STOCK SLIDES AFTER CEO’S PRAISE FOR ANTI- ISRAEL PROTESTERS

Protesters holding BDS sign
An pro- Israel rebel at Pomona College in Claremont on Thursday, May 9, 2024. ( Will Lester/MediaNews Group/Inland Valley Daily Bulletin via Getty Images / Getty Images )

” But trying to sell from Israel, and companies that do business with Israel, presupposes that there’s some sort of related broadly categorized account, or ETF out there in which universities is invest”, the scholar continued. ” And offhand, I ca n’t think of any”.

” Basically, it would be almost impossible for BDS to be implemented… economically, a business would have to be created for resources dedicated to not investing in Israel”.

Instead of focusing on specific stocks, universities would need to forego index funds immediately. As such, they may lose the benefits that index funds provide.

” Effectively, they would require colleges and universities to invest in individual stocks or very small stocks, which would be more expensive to the schools making the expense”, Stein added.

Stein acknowledged that the likelihood of that is unlikely because of the character of assets, which would be impacted by the investment decisions, despite some who have suggested that tuitions might rise if universities fully defer to Israel.

BROWN U CAVES TO ANTI- ISRAEL PROTESTERS, AGREES TO DEAL ON DIVESTMENT IN EXCHANGE FOR ENCAMPMENT CLOSURE

Students holding DIVEST shirts
Student graduates hold bright t- shirts saying, “divest”, as they protest during the UC Berkeley graduating in Berkeley, Calif. on Saturday, May 11, 2024. ( Yalonda M. James/San Francisco Chronicle via Getty Images / Getty Images )

” I do n’t think if BDS were to be imposed, that it would raise tuition”, Stein explained. ” Because I do n’t think endowments are used to cut tuition. They’re used to get more officials. They’re used to raise pay for scientists … academic institutions use assets to strengthen themselves, unjustly”.

The Department of Treasury and the Senate Budget Committee were the two prior positions held by Stein, who argued against divesting from Israel.

” I think many of these organizations are requesting divestment from Israel because they know how difficult it is and, to be honest, do n’t care,” Stein said. Because ultimately, their action is about gaining attention for themselves so they can become potential leaders of social activist organizations.

Protesters in camps with Palestinian flags
A an pro- Israel camp at the University of Toronto in Toronto, Ontario, Canada on May 12, 2024. ( Kyle Mazza/Anadolu via Getty Images / Getty Images )

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It’s not really about divestment, he continued,” They would get another excuse to blame Israel for something else and to strike Jews because they appear to be predisposed to do so, even if divestment were economically feasible, and if the university were capable of giving in to that issue. “


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