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Supervisors urge Iran divestment

by  Tom Tugend

July 16, 2009 | 6:56 pm

The Los Angeles County Board of Supervisors is due to vote July 21 on a motion asking the county pension fund to divest itself of any assets or funds in companies doing business in Iran.
The motion by Supervisors Michael D. Antonovich and Zev Yaroslavsky is especially aimed at companies assisting Iran’s energy sectors.
“Iran has been identified by the State Department as the chief sponsor of international terrorism,” Antonovich noted in a statement. “Economic sanctions, risk warnings, credit restrictions and other measures announced by the United States, European nations, and the United Nations, make business in Iran’s oil and natural gas sector an increasing fiduciary risk.”
Thirty Years After, an organization of young Iranian Jewish professionals, has urged interested citizen to attend the Tuesday, July 21 meeting, scheduled to start at 9:30 a.m., in the Supervisors’ hearing room 381B, Kenneth Hahn Hall of Administration, 500 W. Temple St. – Tom Tugend

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