The Nation : N.Y. Divestment Plan Told
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New York Gov. Mario M. Cuomo outlined in Albany a program to sell gradually up to $4.4 billion in state stocks and bonds in companies doing business in racially segregated South Africa and in Namibia. Cuomo’s plan also calls on the federal government to apply economic and political sanctions against South Africa as long as apartheid is in effect. “New York state should adopt a comprehensive and responsible strategy to demonstrate the abhorrence of our residents to the pernicious system of apartheid,” Cuomo said.
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