A foreign concern.New Jersey Assemblyman as·sem·bly·man n. A man who is a member of a legislative assembly. assemblyman Noun pl -men a member of a legislative assembly Noun 1. William D. Payne William D. Payne is an American Democratic Party politician, who has served in the General Assembly since 1998, where he represents the 29th legislative district. He has been the Assembly's Deputy Majority Conference Leader since 2002. has sponsored legislation that would require the state's Treasury Department to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. state-administered pension fund investments from companies doing business in and with oil-rich Sudan. His reason: an ongoing, 20-year civil war in the Republic of Sudan that has left more than 2 million people dead and 4 million others displaced, and a nearly two-year long conflict in the country's western Darfur region that has left 1.6 million displaced and more the 70,000 dead. "The world ignored the genocide that was occurring many years ago in Germany and more recently in Rwanda," says Payne. "The world's blind eye resulted in millions of people being slaughtered. We must act now to stop the ongoing atrocities in Sudan." Some 100 of America's public pension funds in approximately 46 states have invested more than $91.2 billion in 83 companies, banks and financial institutions that conduct business in or have financial ties with Sudan, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Center for Security Policy. No American companies are involved in the country, due to U.S. government penalties against Sudan. "It's a very sensitive issue," said Frederick Nesbitt, executive director of the 500-member National Conference on Public Employees Retirement Systems. "We become concerned when people start drawing lines.... You could end up having no place to invest." Assemblyman Payne's brother, U.S. Representative Donald M. Payne This article is about the American politician Don Payne; for the television writer, see: Don Payne (writer) Donald Milford "Don" Payne (b. July 16 1934, Newark, New Jersey) is an American Democratic Party politician from the state of New Jersey. , is championing the divestment initiative at the federal level. California, Massachusetts, Illinois and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of are looking at similar legislation. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion