Word: darfur
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Targeted divestment is a popular and oft-proposed solution for some of the worst atrocities in the world. In November, Massachusetts Governor Deval L. Patrick ’78 signed into law a targeted divestment bill aimed at putting pressure on the Sudanese government to cease the genocide in Darfur. In September, students marched through Harvard Square to urge the passage of a bill that would stop public pension funds from investing in companies that enable the military junta in Myanmar. These advocates apparently believe that they can make a difference by convincing financial institutions to stop investing in companies...
...Divestment campaigns advocate the sale of shares in companies that support atrocities. Proponents of Darfur divestment argue that such “financial pressure” on companies that support the Sudanese government can help alter its political stances. While divestment is similar to traditional boycotting of products, classic economic theory predicts that it will have absolutely no effect. Unlike goods and services, whose prices can be affected by changes in demand, the price of a financial asset is determined by its expected returns. If a firm forgoes a profitable investment, then another firm will take advantage of that investment...
...Darfur...
Just the price of a cup of coffee is enough to help a Sudanese refugee avoid the potentially deadly search for firewood, say the student organizers of a weeklong donation drive. The campaign, led by the Harvard Darfur Action Group, calls itself DarfurFast—but doesn’t ask students to give up eating. “The concept of fasting is more symbolic,” said Firth M. McEachern ’08, treasurer of the group. “People are donating for the price of a latte, a taxi ride, a movie ticket...
...Barack Obama (D-Ill.)—can claim to possess. This goes a long way toward moderating his image as a social conservative crusader. His likeability somehow makes it less scary to many voters when he compares abortion to the Holocaust or says of the genocide in Darfur, “I think we have some role to play in it, but I guess what disturbs me even more, we have not even addressed the genocide that’s going on and the infanticide in our own country with the slaughter of millions of unborn children...