San Jose Council Deadlocks on Tech Divestment
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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San Jose council deadlocks on tech divestment; ethics review proposed
San Jose city leaders debated divesting from tech giants like Alphabet, Amazon, and Microsoft due to their immigration enforcement deals. The council voted four to four on Tuesday, leading to a measure to maintain current policies and review ethics in investment rules. Community members held differing views, with some advocating for divestment, broader restrictions, and others warning against changes. Finance experts cautioned that such moves could negatively impact the citys budget, potentially reducing earnings by three to five million dollars annually. The focus now shifts to balancing ethics with financial needs as the study progresses.
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