Word: africas
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...Meanwhile, students at Harvard organized discussions, forums and protests to raise awareness and encourage divestiture from South Africa...
...event, which was cosponsored by the Harvard Race Relations Foundation, was first suggested during a hunger strike the previous spring to protest the University’s policy on divestiture. More than 19 undergrads and one professor fasted for a week to protest Harvard investments in South Africa. That same year, seniors established the Endowment for Divestiture, with the intention that Harvard would receive the money only when it divested. The end of the hunger strike in the spring of 1983 coincided with a meeting of the Advisory Committee on Shareholder Responsibility (ACSR), comprised of students, faculty and alumni...
...ACSR recommended that the Corporation use the Sullivan Principles, which provided humane guidelines for the operation of companies in South Africa, as a minimum standard for the endowment’s investment practices. At the same time, in 1983, 37 of the 39 companies in which the University owned stock had signed the Principles, but some divestiture proponents argued that not all of the signatory companies had actually lived up to the document’s stipulations...
...After a decade of heated debate, protests and hunger strikes, in May 1984 the ACSR voted narrowly in favor of recommending unilateral divestiture from companies that conducted business in South Africa. However, Harvard did not completely divest based on the ACSR’s recommendations. Instead, the Corporation subsequently chose a policy of selective divestment, which led to Harvard withdrawing investments from 15 companies. The Corporation argued that complete divestiture could do more harm than good for already marginalized black South Africans...
...take these ideas seriously for the moment, what might a fully organic, local, and slow food system actually look like? The closest approximation we have is not New York City or Berkeley, California, but rural Africa, where 60 percent of all citizens are small farmers growing food without chemicals, for local consumption, and still preparing meals in a traditional fashion. The downside? Average income in rural Africa is only $1 a day and one third of these people are malnourished...