The leaflet explains and gives the rationale for supporting Measure A: the Responsible Investment Ordinance Requiring the Withdrawal of City of Berkeley Funds from Banks Doing Business with South Africa. These funds support the racist government in South Africa, while financially viable investments addressing the social and economic needs of the people of Berkeley are ignored. The City of Berkeley has approximately $4 million invested in banks that make direct and "indirect" loans to South Africa. The indirect loans that would be added by Measure B are defined as (a) loans from branches outside the United States; (b) purchase of South African government bonds; (c) participation in consortia...
The leaflet explains and gives the rationale for supporting Measure A: the Responsible Investment Ordinance Requiring the Withdrawal of City of Berkeley Funds from Banks Doing Business with South Africa. These funds support the racist government in South Africa, while financially viable investments addressing the social and economic needs of the people of Berkeley are ignored. The City of Berkeley has approximately $4 million invested in banks that make direct and "indirect" loans to South Africa. The indirect loans that would be added by Measure B are defined as (a) loans from branches outside the United States; (b) purchase of South African government bonds; (c) participation in consortia lending to South Africa. Names at the bottom of the leaflet are Reverend James Stewart, McGee Avenue Baptist Church; Andy Spahn, ASUC Vice President; Florence McDonald; Berkeley City Auditor; Guy Jones, Candidate City Council; and Reverend William Shive, Berkeley Area Interfaith Council.
