Monday, March 5, 2012

SOUTH AFRICA DIVESTMENT SOUGHT.(Local)

Byline: Jeannie H. Cross United Press International

Gov. Mario M. Cuomo Thursday resubmitted legislation to break all state ties to companies that do business in South Africa to protest the county's "deliberate ... system of institutionalized racial segregation and oppression."

The state comptroller's office said the bill would force it to dump $7.6 billion in pension fund investments, or roughly 20 percent of the state's $38 billion governmental employees' pension system.

The measure has repeatedly been approved by the Democrat-controlled state Assembly, but defeated in the Republican-run Senate.

Cuomo said he wants New York to join the 21 …

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