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In a unanimous resolution opposing the war in Gaza, the Portland City Council last week said the city will divest funds from many companies doing business in Israel.
The resolution directs the city manager to eliminate any current holdings — and forego future investment — in "all entities complicit in the current and ongoing humanitarian crisis in Gaza and occupation of Palestine.”
The resolution refers to a “divestment list” with dozens of corporations. They include technology companies, financial institutions, manufacturers and defense contractors such as General Dynamics, the parent company of Bath Iron Works.
Portland currently does not hold investments in any companies on the list, but has in the past, the city's finance director told the council.
The council's action has drawn massive outpourings of both criticism and support. They reflect the sharp divide in public opinion about Israel's invasion of Gaza — which has killed more than 40,000 people, and was sparked by the Oct. 7, 2023, terror attack in which Hamas fighters killed 1,200 people in Israel and took some 250 hostages.
Some members of the business community also have responded to the Portland City Council's action.
Quincy Hentzel, CEO of the Portland Regional Chamber of Commerce, criticized the council for its "choice to pursue a path that fosters division rather than unity."
In a written statement, she said, "Rather than focusing on pressing local issues, the Council chose to engage in a matter that has little bearing on municipal governance and, worse, risks deepening divides within our community. This proclamation does nothing to address the immediate challenges that Portland faces."
In a unanimous resolution opposing the war in Gaza, the Portland City Council last week said the city will divest funds from many companies doing business in Israel.
The resolution directs the city manager to eliminate any current holdings — and forego future investment — in "all entities complicit in the current and ongoing humanitarian crisis in Gaza and occupation of Palestine.”
The resolution refers to a “divestment list” with dozens of corporations. They include technology companies, financial institutions, manufacturers and defense contractors such as General Dynamics, the parent company of Bath Iron Works.
Portland currently does not hold investments in any companies on the list, but has in the past, the city's finance director told the council.
The council's action has drawn massive outpourings of both criticism and support. They reflect the sharp divide in public opinion about Israel's invasion of Gaza — which has killed more than 40,000 people, and was sparked by the Oct. 7, 2023, terror attack in which Hamas fighters killed 1,200 people in Israel and took some 250 hostages.
Some members of the business community also have responded to the Portland City Council's action.
Quincy Hentzel, CEO of the Portland Regional Chamber of Commerce, criticized the council for its "choice to pursue a path that fosters division rather than unity."
In a written statement, she said, "Rather than focusing on pressing local issues, the Council chose to engage in a matter that has little bearing on municipal governance and, worse, risks deepening divides within our community. This proclamation does nothing to address the immediate challenges that Portland faces."
So a country is savagely attacked and they can't defend themselves and try to take care of the group that did it? The equivalent would be someone attacking the USA and killing 30 to 40 thousand people. And we are just supposed to let that go? Why is the group that attacked Israel not maligned as they should be? You have people here holding signs that say gays for Gaza. Well, if you held that sign over there they would kill you. Which part of that do people not understand. There is zero tolerance for that way of life. We could care or less here in the USA and instead of celebrating this, people are protesting, burning our flag and destroying monuments.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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Asm Properties
Quincy discounts the majority of the speakers in support of divestment, most of whom happened to be Jewish. Bravo. The idea that the council is neglecting local duties while taking a single night to listen to its constituents, feels condescending if not genuine.