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August 23, 2007
Labor union calls for Iran boycott
Labor Unions played a key role in the past in defeating communism and supporting the American-Israel relationship. (Particulary the Garment Workers Union and the AFL-CIO under Lane Kirkland leadership deserve recognition). Now, the Teamsters step up to the plate. From the Wall Street Journal:
Teamster boss James Hoffa is jumping into the Iran-divestment movement, urging the union’s pensions funds to shed all shares they own in companies doing business in Iran. No word yet from the Service Employees International Union (SEIU), another powerful union whose head seems more concerned with Democrats winning control of our Executive and Legislative branches than the state of the world or human rights.
In a letter set to go out on Thursday to more than 170 fund managers, Hoffa cites the recent crackdown in Iran on top labor leaders and widespread allegations that Iran is arming and training insurgents in Iraq as reasons why fund managers should “give consideration to divesting” in Iran-related shares. The Teamsters’ pension funds amount to about $110 billion.
Congratulations to the Teamsters.