Thursday, September 3, 2009

Norwegian Sanctimony

A Norwegian investment fund has divested from Elbit, a large Israeli hi-tech company, for its participation in the security barrier. That's the barrier that has demonstrably saved thousands of lives since its construction began in 2002.

So what's the story?

Apparently the Norwegians sold shares, which means someone else bought them, and none of the reports mention the price falling steeply, so Elbit is probably unaffected.

Is it antisemitism? Probably not, given that the same Norwegian fund is still invested in some 40 other Israeli firms.

So what is it? According to this report (sorry: Hebrew only), the fund has a Board of bleeding hearts, whose task is to finger all sorts of evil companies the fund should never invest in, or must divest from if already invested. The list includes BAE, Boeing, Honeywell, Northrop, EADS (that's the parent company of Airbus), Lockheed-Martin, Rio-Tinto, and even... Wallmart. And alls sorts of others, too.

Besides the honorable company Elbit now finds itself in, it appears the Norwegians don't much like airplanes, miners and supermarkets. It also seems that in this case we really aren't dealing with antisemitism. Merely sanctimony.

2 comments:

This Is Hell said...

Yet the NATO charter is clear. If you boycott one firm then all nations must. If they don't then you are in violation of the NATO charter and should leave. I highly recommend the latter - Norway must leave NATO.

Anonymous said...

Good day !.
might , probably very interested to know how one can collect a huge starting capital .
There is no need to invest much at first. You may start to get income with as small sum of money as 20-100 dollars.

AimTrust is what you need
AimTrust represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your chance That`s what you desire!

I`m happy and lucky, I started to get real money with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion utilizes your savings in a right way - that`s the AimTrust!.
I make 2G daily, and what I started with was a funny sum of 500 bucks!
It`s easy to get involved , just click this link http://ojufejohe.envy.nu/ymopit.html
and lucky you`re! Let`s take this option together to get rid of nastiness of the life