Word: divester
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...Harvard's South Africa-related investments-concessionswon by the voices and actions of thousands of members of the Harvard community. Specifically, Harvard continues to own bonds in Manufacturers Hanover Trust, a bank whose policy is to loan money to the South African government, despite Harvard's promise to divest itself of bonds in banks that have such a policy. The contradictions are as follows...
...April 27 report also accepts the recommendation that Harvard divest itself of bonds "in banks which make renew, or extend" loans to the South African government. Yet Manufacturers Hanover continues to renew and extend such loans. Hugh Calkins, a member of the Harvard Corporation, has tried to wriggle out of this contradiction by claiming that "We don't mean our statement to mean that renewals can't be made...we will be satisfied if (the banks) work their way out of their loan situation in a responsible business-like way...in a reasonable time and in a reasonable...
Donald Woods said yesterday, "I am deeply grateful to President Bok for bringing me here. I think Harvard should divest every cent of its investments involving South Africa...
...received the award "for bringing in exiled South African journalist Donald Woods as a Nieman fellow after refusing to divest Harvard of its South African interests. Too late the fellowship, Derek," the article stated...
LAST SPRING, despite the largest out-pouring of student political sentiment in several years, the Harvard Corporation refused to divest itself of its holdings in companies operating in South Africa. It also declined to get rid of its stock in banks lending money to the Vorster regime, or even to sponser shareholder resolutions urging companies to withdraw. The inspiring protests of the last week in April--a week that saw crowds of up to 3500 students united in protest--may have sputtered with the advent of reading period, but the issue is far from resolved...