A new report by the Anti-Defamation League (ADL) warns that New York City pension funds could lose $37.55 billion over the next decade if Mayor Zohran Mamdani implements a policy of divesting from companies tied to Israel. The report estimates that excluding 47 major U.S. corporations flagged by the BDS movement would significantly underperform a diversified investment model.
The report, produced jointly by the ADL and JLens, updates a May analysis that had estimated a $37 billion loss. The new figure of $37.55 billion reflects a slightly refined methodology and more current market data. Mayor Mamdani, who took office earlier this year, has expressed support for the BDS campaign, raising concerns that the city could formally adopt a policy of divesting from companies with Israeli ties, including Alphabet, Amazon, and Microsoft. As The Zioneer reported on June 10, a similar earlier analysis by Israel Hayom framed the potential loss as a 'madani tariff' — the cost of ignoring Israeli supply-chain alternatives. The ADL report does not recommend specific political action, but warns that the pension shortfall could force cuts to essential city services.
2 developments
- DevelopingIsrael Hayom: New York will pay heavy 'madani tariff' ignoring Israeli supply chain alternatives
- DevelopingNew York Governor Hochul tells Zahran Madani: no more state funds, manage on your own
- DevelopingNew Recommendations to Allocate NIS 2 Billion Annually for IDF Disabled Veterans
- DevelopingReport warns inaction could lead to civil war in Israel
Source and signal
- Internal intake