1w ago

Stark County plans to reinvest $2 million in Israel bonds, activists 'outraged'

eu.cantonrep.com

CANTON ‒ Stark County Treasurer Alex Zumbar said he intends to repurchase $2 million in State of Israel bonds.

Pro-Palestinian activists say the investments are immoral.

Three Stark County investments in State of Israel bonds mature April 1. Zumbar said he plans to reinvest $1 million with a three-year bond at a 4.74% interest rate and $1 million with a five-year bond at a 5.17% interest rate when the prior investments mature.

"The bonds offer an attractive and competitive rate for the diversified portfolio when I compared them to other like investments being offered," Zumbar said.

Last April, Stark County reinvested $1.3 million in State of Israel bonds that will mature in 2029.

4 comments

This is Ohio, for anyone else that didn't get that from anything on the article or anywhere you'd expect to see it on the website.

On one hand, not good optics, on the other—if the numbers work, and the investment is good (I have no idea if it is)… still shady af to me at this moment. Someone should follow that money. Of course, no one will.
- Nope. It doesn't matter how good the investment might be if it involves funding genocide.
  
  You’d be surprised how many of the products you willingly buy are by companies who have shady investments, but you don’t care.