New Zealand Fund Decision to Divest from Israeli Banks Breaches Legal Requirements | UKLFI

Catherine Savage, Chair of the Guardians of New Zealand’s Superannuation Fund

The Guardians of New Zealand’s Superannuation Fund have recently decided to divest from Israeli banks in apparent breach of legal requirements.
The Superannuation Fund, known as the Super Fund, was set up in 2001 to secure funding for universal pensions for New Zealand’s aging population with a fair sharing of the cost between present and future taxpayers.

The Guardians’ statutory mandate is to invest the Fund on a prudent, commercial basis and manage it in a manner consistent with:

  • best-practice portfolio management;
  • maximising return without undue risk to the Fund as a whole; and
  • avoiding prejudice to New Zealand’s reputation as a responsible member of the world community.

International financial markets lawyer, Dan Harris, has pointed out:

  1. The published reasons for the decision to divest from Israeli banks show a failure to properly consider material information and give too much weight to questionable sources. This appears to be inconsistent with “best-practice portfolio management”. For example, the reasons placed considerable weight on the UN Human Rights Council’s report dated 12 February 2020. However, breaches of human rights are a matter of law, and yet the UNHRC report clearly states that it offers no legal conclusions. Moreover, the methodology used for that report was demonstrably flawed and based on biased sources.
  2. The decision appears to have been taken with a dominant improper purpose to be a political player, rather than applying a responsible investment policy; and on the basis of opposition to an Israeli proposal to extend Israeli law to part of the West Bank, even though at the time of the decision that proposal was no longer being pursued.
  3. There was a fundamental error of law in treating the Israeli Banks as responsible for acts of the State of Israel. Lawful acts of private companies cannot automatically be equated with those of a government.
  4. The divestment may damage New Zealand. US politicians on both sides may react in a negative manner. The Guardians are required to avoid prejudice to New Zealand’s reputation, not attract it

Jonathan Turner, chief executive of UKLFI commented: “As well as being an improper purpose, the Guardians’ political aims discriminate against Israel. At the same time as divesting from Israeli banks, they are investing in companies operating in Western Sahara and probably in other disputed territories”.

Source

‘We’re at the end’: Kiwi expat in Israel on life getting back to normal after mass vaccination | Stuff

Kiwi expat Jeremy Ross, pictured with his wife and two children, was fully vaccinated by the end of January

Israel was hit hard by the Covid-19 pandemic – it reported over 831,000 infections. But in just a few months, after launching a mass vaccination campaign, life is “back to normal”.

As of March 15, according to the World Health Organisation, 9.7 million​ vaccine doses had been administered in Israel. A total of 5.18m​ people, which is over half the population, have received at least one dose. A “green pass” has since been introduced allowing vaccinated people exclusive access to gyms, hotels and theatres and concerts.

Kiwi expat Jeremy Ross​, who moved to Israel in 2007, received his second vaccine dose in January, a month after the programme launched.

“This is the end of the road for us … we’re at the end of the tunnel, this is it, the light is here,” Ross said.

Read more

Mountain steps out from Nazi shadow, mostly | Newsroom

Willi Huber

After months of pressure, a ski run and restaurant at Canterbury’s Mt Hutt are being renamed. David Williams reports

A ski field has quietly wiped a Nazi officer’s name from its slopes – but not from the entire mountain.

Willi Huber, a pioneer of Canterbury ski field Mt Hutt, lauded as the ‘father of the mountain’ in a 2017 TVNZ Sunday programme, died in August last year, aged 97.

However, the ski field’s promise to continue to honour him with the name of its restaurant and a ski run hit a swastika-shaped snag. The Austrian volunteered for the Waffen-SS, the combat arm of the notorious SS, and became a decorated officer.

(SS is an abbreviation for Schutzstaffel, meaning “protective echelon”. It was founded by Adolf Hitler in 1925 as his personal bodyguards but grew with the rise of the Nazi movement, to 38 combat divisions comprising 950,000 men. Heinrich Himmler headed the SS from 1929.)

News of Huber being memorialised at Mt Hutt sparked a wave of outrage, especially in light of his comments to Sunday – the link to which was deleted last night – that Hitler was “clever”.

petition was launched asking for Huber’s name to be scraped from the ski field was signed by thousands of people. The story was also picked up by the Jerusalem Post.

Last September, members of the NZ Jewish Council and the Holocaust Centre of NZ discussed the issue with Paul Anderson, the boss of NZSki, the company that operates Mt Hutt, and Queenstown fields The Remarkables and Coronet Peak. After the meeting, Mt Hutt’s manager told Stuff the names of the restaurant and ski run would only be changed if evidence was presented linking Huber to war crimes.

Nothing has been said publicly since.

But a search of Mt Hutt’s website this week revealed Huber’s Run has been removed from the ski field’s trail map and the restaurant had been renamed Ōpuke Kai. (Ōpuke is the Māori name for Mt Hutt. NZ Ski has asked iwi Ngāi Tahu if it’s comfortable for that name to be used.)

Anderson, the NZSki boss, confirms the changes. The decision was made early this year and the changes were implemented a month ago, he said.

“We’ve had to take care on the way through to respect the views of a wide range of people and recognise that there were diverse opinions on the issue. We’ve just come to our decision that it’s time to move forward.”

Read more

Pfizer is using Israel to trial their vaccine: here’s what it shows | Radio NZ

Israeli researchers have found that having just one shot of the Pfizer coronavirus vaccine may lead to lower viral loads, making it harder to transmit Covid-19 if someone becomes infected after the first dose.

And it’s not the only positive research about the Pfizer jab to come out of Israel recently.

A separate independent Israeli study, from the country’s largest healthcare provider Clalit, found a 94 percent drop in symptomatic Covid-19 infections among 600,000 people who received two doses of the Pfizer vaccine.

Researchers also found the fully inoculated group was 92 percent less likely to develop severe illness from the virus.

Pfizer has said its jab, which has begun to be rolled out in New Zealand to vaccinators and border workers on Friday, needs two doses taken 21 days apart to be effective.

Why are we getting so much Israeli data?

Nigel McMillan grew up in Timaru, and is professor of infectious diseases and immunology at Queensland’s Griffith University’s Menzies Health Institute, he said it wasn’t surprising there was an influx of information about the Pfizer jab to come out of Israel.

The Pfizer option was the first coronavirus vaccine worldwide to make it through phase three of testing, Professor McMillan explained, which meant it was out being used in the community.

And Israel has already administered more than 6.7 million doses, according to Bloomberg’s Covid vaccine tracker.

This high vaccination rate and the fact that every citizen has a digital health record made it easy for the country to collate and compare information.

“Because [Israel] is vaccinating lots of people, it allows them to compare non-vaccinated and vaccinated people,” Professor McMillan said.

Pfizer has signed an agreement with the Israeli Ministry of Health for anonymised data on vaccine recipients – an arrangement which the company describes as a “non-interventional ‘real-world’ evidence data collection collaboration”, rather than a clinical research study.

Read more

Relatives of Holocaust survivors connect with Wellington woman, whose father hid 16 Jewish people in Poland home | Stuff

Eva Woodbury

Eva Woodbury​ has been going through a “kaleidoscope of emotions” after relatives of Holocaust survivors her father hid in his Poland home for two years have contacted her.

Now, they are campaigning for her father, Wladimir Riszko​, to be a Righteous Among the Nations, a title used by the State of Israel to describe non-Jewish people who risked their lives to save Jews during the Holocaust. They’re also hoping to find descendents of other people he saved.

Read more

NZFOI remembers Israelis who died in 2011 Christchurch Earthquakes

The Prime Minister of New Zealand, Jacinda Adern speaking at the 2011 Christchurch Earthquake Memorial Service, marking the 10th anniversary since the disaster

NZFOI was pleased to honour the memory of Ofer Mizrahi, Gabi Ingel and Ofer Levy, who died in the 2011 Christchurch Earthquake at the memorial service that marked 10 years since that disaster, by laying a wreath. May their memories be a blessing.

NZFOI President, Tony Kan and NZFOI Secretary Rebecca Marchand
The wreath as laid at the National Memorial
The message that accompanied the wreath

Our Truth, Tā Mātou Pono: The 1977 hate speech attack on Jews in Auckland’s Remuera | Stuff

Dr Paul Spoonley

Leaflets likening Jews to the devil resulted in New Zealand’s only prosecution for hate speech – but it’s a story most are unaware of. Torika Tokalau reports.

Expensive homes and quiet tree-lined streets – Auckland’s Remuera is a picture-perfect slice of suburbia, but it was also the location of New Zealand’s first and only prosecuted incident of hate speech.

In the late 1970s, members of the Jewish community were targeted in a leaflet drop, condemning their faith and likening them to the devil.

Sociologist and professor, Dr Paul Spoonley, who researches racism in New Zealand, believes it was the moment Kiwis first realised neo-Nazi groups existed in this country.

Holocaust survivor Bob Narev, 84, remembers it quite clearly.

In 1977, 30 years after he moved to New Zealand from Switzerland, Narev was living on the fringes of Remuera with his wife, Freida, also a Holocaust survivor.

Bob Narev, a German-born Holocaust survivor, was living on the edge of Remuera in 1977 when the pamphlets were distributed.

The National Socialist White People’s Party of New Zealand, founded by Durward Colin King-Ansell, printed and distributed 9000 pamphlets to Remuera postboxes, some time in the first four months of the year.

Read more

Minto claims NZ Jewish Council is deeply racist | The Daily Blog

John Minto

[NZFOI: Really?!]

Suggesting Palestinians use their children as human shields and that Arabs hate Jews more than they love their own children is appalling and deplorable racism. Dr Cumin’s remarks are a particularly vile statement of anti-Palestinian racism and a repugnant slur on all Arabs.

Read more

New Zealand MPs Take A Pledge For Palestine | Scoop

Golriz Ghahraman, MP (Green Party)

At an event to mark International Day of Solidarity with the Palestinian people three New Zealand MPs took a pledge to form a new parliamentary Palestine friendship group and to “…raise the voices of Palestinian people in New Zealand’s parliament”.

The event, organised by Wellington Palestine, was attended by over 100 New Zealanders including Golriz Ghahraman, MP (Green Party), Teanau Tuiono, MP (Green Party) and Ibrahim Omer, MP (Labour Party). In a speech to open the event Ghahraman – an Iranian born refugee and former human rights lawyer – insisted that New Zealand must divest from companies that were complicit in crimes against international law.

Read more

Holocaust survivor accidentally discovers ‘hero’ who hid her relatives from the Nazis | TheJC

Wladimir Riszko

NZFOI: A Holocaust story with a New Zealand connection.

A Holocaust survivor has accidentally discovered after 75 years who hid her relatives from the Nazis – and she wants him posthumously recognised as a righteous gentile.  

The man, Wladamir Riszko, is believed to have hidden 16 people in a cellar in the Polish city of Przemysl between 1942 and 1944 – including the woman who later became his wife. 

Rosalie Hart’s uncle and cousin, Meyer and Regina Dornbusch, were among those hidden by Mr Riszko.

Ms Hart, a 91 year-old Krakow ghetto survivor in Maida Vale, had heard snippets of her relatives’ time in hiding over the years. But she never had enough to piece together a full picture.

Then this year, just days before Holocaust Memorial Day, the identity of the man who saved her relatives emerged on Facebook. 

Read more