It will if a coalition of Leftard activists have their way and get Initiative 97 on the ballot and the city's voters approve it.
Seattle activists hope to ask voters this fall to approve a measure they say would block the city from investing its pension funds in corporations that benefit from the Iraq war, or from certain other Middle East military occupations.
In a stance against apartheid, the city and the University of Washington had policies years ago against owning stock in companies that did business in South Africa.
The latest proposal would prohibit the city from investing employees' retirement funds in corporations that participate in or profit from the U.S. occupation of Iraq or the Israeli government's activities within the West Bank, the Gaza Strip, East Jerusalem and the Golan Heights.
Also disqualified would be corporations with a presence in Israeli settlements in the occupied territories. Finally, the measure would require the city to divest from Israeli government bonds should Israel launch a military attack on Iran.
There's a fair amount of hypocrisy going on here, as the measure's backers reassured Seattle's voters that the measure would not restrict City investments in Boeing, the largest Seattle area employer(which works with Israeli defense company Elbit Systems, as well as our military in Iraq). It also would leave out another large Seattle area employer, Microsoft, which has a multi-billion dollar investment in Israeli hi-tech.
Instead, the initiative takes aim specifically at Halliburton and Caterpillar, according to its supporters.
And the suporters themselves are an interesting bunch. They include:ANSWER Coalition, Seattle; Green Party of Seattle; Jewish Voice for Peace, Seattle Chapter(all five of them); Palestine Solidarity Committee, Seattle; SNOW, Sound Nonviolent Opponents of War ; The ISM, International Solidarity Movement (or as I like to call them, I Support Murderers); and the Rainier Valley Unitarian Universalist Congregation.
And I'm sure some of the other Usual Suspects will soon join in.
You'll notice that aside from the US military, the initiative only targets Israel and has no mention of say, Myanmar, Darfur, or China's ongoing occupation of Tibet. That says a great deal about these people's actual motivations. Scratch an 'anti-Zionist' and you almost always find a Jew hater...and you normally don't have to dig very deeply.
I personally would be very surprised if it passed, but the idea that it would seriously be considered is disturbing, to say the least.