Officials reiterated a previous statement that they will not sell off Israel-related assets.
In these challenging times, the need for reliable local reporting has never been greater. Put a value on the impact of our year-round coverage. Help us continue to highlight LA stories, hold the powerful accountable, and amplify community voices. Your support keeps our reporting free for all to use. Stand with us today.If you're enjoying this article, you'll love our daily morning newsletter, How To LA.
“So if I interpret the questions and the responses mathematically with numbers, the letter sent to us would suggest that we should sell $32 billion of assets out of the $175 billion,” Bachher said, referring to the system’s entire investment portfolio. “The University of California has consistently opposed calls for boycott against and divestment from Israel,” UC said at the time. “While the University affirms the right of our community members to express diverse viewpoints, a boycott of this sort impinges on the academic freedom of our students and faculty and the unfettered exchange of ideas on our campuses.”
Tuesday’s financial disclosures followed a lengthy public comment period in which many commenters called on UC to divest.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UC official says system has $32 billion in holdings targeted by students protesting Gaza warInvestments in weapons manufacturers and a wide array of other companies by UC targeted by students protesting the Israel-Hamas war represent nearly one-fifth of the system’s overall assets.
Read more »
Senators urge $32 billion in emergency spending on AI development and safeguardsWhile passing legislation will be tough, the group’s recommendations lay out the first comprehensive road map on an issue that is complex and has little precedent for consideration in Congress.
Read more »
Senators urge $32 billion in emergency spending on artificial intelligence after finishing yearlong reviewA bipartisan group of senators is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and put safeguards around it.
Read more »
University of California official says system has $32 billion in holdings targeted by protestersThe University of California has $32 billion in assets targeted by students protesting the Israel-Hamas war. The university system has $175 billion overall in assets. An investments official announced the estimate at a meeting with the Board of Regents on Tuesday.
Read more »
University of California official says system has $32 billion in holdings targeted by protestersThe University of California has $32 billion in assets targeted by students protesting the Israel-Hamas war
Read more »
Schumer leads bipartisan charge to devote $32 billion for guidance on AISchumer is leading a bipartisan effort for lawmakers to address AI’s relatively recent emergence — aiming to eventually devote “at least $32 billion per year.'
Read more »