Word: divested
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About 120 observers, mostly Ed School students, attended nine workshops on topics ranging from ways to include the arms race in high-school curricula to strategies for influencing Harvard to divest itself of stock in companies that manufacture nuclear weapons...
Nuclear activists say Harvard should divest of these holdings--or at least use shareholder resolutions to vote against nuclear weapons work--as a symbolic show of opposition to the arms race. Some liken the debate to the one over Harvard holdings in companies that work in South Africa--an area where student protests have secured a formal Harvard ban on investing in banks that make direct loans to the repressive Both regime. Harvard officials object that symbolic University gestures like divestiture actually strip Harvard of leverage over its holdings, an argument that can be expected to be transferred...
...Italian financier and Vatican financial adviser, he is currently serving a 25-year prison sentence for fraud in connection with the 1974 collapse of New York's Franklin National Bank (see box). Sindona became connected with the Vatican in the mid-1960s and later helped Pope Paul VI divest the church of its holdings in several large companies...
...this fall, the University's governing Corporation will consider for the first time ever a proposal to divest from a company doing business in South Africa...
Should Harvard divest its stock in corporations that do business in South Africa? For many years, student activists have said yes, linking economicties in that country to facit support for the apartheid government. University officials have answered that it is not that simple, and that pulling economic resources out of South Africa would not lead to better living conditions for the suppressed Black majority there...