Critics question state’s investment in Israel bonds

2004 story St Petersberg Times
For more than 50 years, the Development Corporation for Israel has pitched that country’s bonds at thousands of dinners like these, drawing millions upon billions of U.S. dollars for roads, rail lines, airports, shipping, immigrant absorption and desalinization plants in Israel.

Florida is one of the biggest investors in the bonds. The state pension fund owns some $108-million of them, and the state treasury has $25-million invested. Gov. Jeb Bush personally owns $13,000 of them.

Critics question whether states that represent hundreds of thousands of state and local government workers should be investing public money in a country at the center of one of the world’s most polarizing military conflicts.