Archive: 7/30/2013
Daily Israel Report
14:30
Reported

News Brief

  7/30/2013, Av 23, 5773

Ohio Purchases $42 mil. in Israel Bonds Despite BDS


 
"We believe this is a sound investment for the taxpayers of Ohio," stated Ohio Treasurer Josh Mandel in an interview with the Cleveland Jewish News. Mandel facilitated the purchase of $42 million worth of Israel Bonds. Previous treasurers in the mid-western American state have done the same, and Ohio has created other economic ties with Israel over the years. 
 
In response, several anti-Israel groups in America have decried the move with full page ads. In an open letter to the Cleveland Jewish News, the Cleveland Jewish Community Federation's Community Relations Committee defended the purchase and criticized the protest. 
 
"The BDS campaign, which bills itself as 'peace-seeking,' is a counter-productive, divisive and morally wrong strategy. The Ohio treasurer should be applauded for investing Ohio's tax dollars in safe and responsible securities that fund infrastructure to benefit all Israelis, Jewish and Arab. State of Israel Bonds generate high yields and make smart economic sense for the citizens of Ohio," stated chair of the committee Warren L. Wolfson.