California bill calls for divestment from Turkish governmentApril 23, 2015 - 10:26 AMT PanARMENIAN.Net - The California State Assembly Public Employment, Retirement, and Social Security (PERSS) Committee voted Wednesday, April 22, to adopt Assembly Bill 1410, which calls for the divestment of the State of California’s investments in the Turkish government, Asbarez reports. The bill was co-authored by Assemblymen Adrin Nazarian, Katcho Achadjian, and Scott Wilk. It passed in committee by a vote of six in favor, one abstention, and none opposed. If AB 1410 is passed on the State Assembly floor, ratified in the State Senate and signed into law by Governor Jerry Brown, it would provide that California divest a major part of its holding in Turkish government bonds and other Turkish government investment instruments. The bill targets approximately half a billion dollars in funds that have been invested by the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS). Alongside the Return the Churches Resolution, which was introduced in last year’s Congress, this bill is perhaps the most far-reaching legislation related to the Armenian Genocide introduced within the United States to date, Asbarez says. Earlier this week, Assemblymen Nazarian and Achadjian co-authored an op-ed in the Sacramento Bee, in which they called for U.S. recognition of the Armenian Genocide and highlighted AB 1410. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). |