Thursday, March 16, 2006

UC system and sudan

University divestment from Sudan is not new - a slew of private universities have already pulled billions of investment dollars, including harvard, yale and stanford and brown. But today the UC system's board of regents is scheduled to vote on divestment, and the CS Monitor argues the vote represents a tipping point for university politics.

so while the UN is basically hamstrung in terms of intervening in the genocide in Darfur because of Chinese and Russian economic interests in the region, the student movement is gaining traction. and in case you think there isn't much money at stake here, the UC Sudan-related investment is estimated at"$2.6 billion in more than 70 multinational companies."

The UC system has only made politically-motivated financial divestment decisions twice previously: "Once was when university officials objected to apartheid in South Africa in the 1980s. In 2001, the university took its money out of tobacco companies."

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