by Daniel Stefanski | Oct 20, 2023 | Economy, News
By Daniel Stefanski |
One Arizona leader is using her statewide office to support Israel at a time when that nation faces tremendous threats to its security.
Arizona State Treasurer Kimberly Yee recently announced that her office “plans to increase Israel bond holdings to support Israel during this time of crisis.” Yee’s press release shared that the State Treasurer’s Office “has been investing in Israel bonds since 2013 and currently has $15 million in holdings.”
Treasurer Yee issued a statement in conjunction with her announcement, saying, “In the wake of the distressing news of the horrific terrorist attacks in Israel, I promptly directed my investment team to contact our esteemed partners in Israel to increase our Israel bond holdings as we continue to stand firmly with Israel. The state of Arizona is a friend and ally of Israel, and it is imperative that we support them through our actions, and not just our words.”
Yee also took an opportunity to highlight the importance of her action and encourage her colleagues around the country to follow suit. She said, “Israel bonds are a secure and reliable investment option that not only contributes to the Arizona Treasury’s diversified investment portfolio, but also strengthens our support and partnership with the State of Israel. Investing in Israel bonds is something that I not only support, but also urge my fellow state financial officers to do as well, especially in this time of crisis. In this time of adversity, it is our duty to stand resolute and support Israel as a nation.”
The Treasurer’s Office noted that “Israel bonds serve as an investment option for individuals, institutions and nations worldwide to support the economic growth and stability of the State of Israel,” adding that “investments in Israeli bonds offer both reliable financial returns and contribute to Israel’s economic and strategic well-being.”
According to Yee’s office, “the Israeli government will be issuing new bonds and Arizona has been placed at the forefront of the list of institutional buyers.”
The second-term Republican Treasurer has been a staunch supporter of Israel throughout her time in public service, using her platform and her office to stand with the American ally to the full extent of her authority. During her first term, Yee led the efforts to become “the first state in the country to enforce Anti-BDS laws (Boycotts of Israel) by divesting $143 million from Unilever, the parent company of Ben & Jerry’s, in response to the company ending distribution of its products in parts of Israel.”
In 2022, Treasurer Yee also notified Morningstar Inc. that they were at risk of being placed on the Arizona Treasury’s prohibited investment list for violating Arizona law by actively boycotting the State of Israel. Yee said, “It is my duty to defend Arizona’s anti-BDS law and I will ensure that Arizona does not do business with companies that are attempting to undermine Israel’s economy.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Daniel Stefanski | Oct 10, 2023 | News
By Daniel Stefanski |
Arizona elected officials stood with Israel after the American ally suffered a shocking and horrific terrorist attack late last week.
After Israel was attacked by Hamas terrorists on Friday night (Arizona time), state politicians offered their thoughts, prayers, and messages of unwavering support for the Middle Eastern democracy.
Governor Katie Hobbs wrote, “I condemn the horrific terrorist attack on Israel by Hamas. Arizona stands with the people of Israel and supports their right to self defense. My heart breaks for the families of those who have been killed, injured or captured.”
Attorney General Kris Mayes stated, “Deeply shocked and heartbroken by today’s terrible Hamas terrorist attacks in Israel. My heart goes out to the families mourning their lost loved ones. Arizona stands resolutely in support of Israel.”
Secretary of State Adrian Fontes added, “This has been a tough day for the world. I unequivocally condemn today’s terrorist attacks in Israel and am thinking of the victims and their loved ones. Every nation should have the right to defend itself. Democracy must be protected wherever it is in jeopardy.”
Treasurer Kimberly Yee also weighed in, saying, “I stand with Israel. The United States has enjoyed a longtime friendship and allied relationship with Israel, a shining light of democracy in the Middle East. As a former State Senate Majority Leader and now as Arizona Treasurer, I have fought against BDS efforts to boycott and harm Israel. Please join me in praying for protection over the people of Israel against these evil Hamas terrorist attacks. May God bless the United States and Israel.”
Many members of Arizona’s Legislature also shared their solidarity with Israel over the weekend.
Senate President Warren Petersen spoke for his Republican conference, stating, “Arizona Senate Republicans stand in support of Israel, one of our nation’s most important allies. We strongly condemn the horrific violence happening against innocent Israeli civilians and Americans. We send prayers for strength, courage and comfort as the Israeli people battle against pure evil.”
Representative Alma Hernandez wrote, “While I don’t post during Shabbat I must break that today. Israel is at war and my heart is breaking for what is happening and unfolding there. Innocent Israelis murdered, walking on the streets, elderly being murdered while waiting at bus stops, women and children being kidnapped, raped and murdered on video. All while Palestinian terrorist are celebrating on the streets. I can’t believe this is happening today. My heart is shattered.”
Arizona Senate Pro Tempore, T.J. Shope, expressed his prayers for the American ally.
Representative Consuelo Hernandez said, “Praying for the people of Israel who were infiltrated by Hamas terrorist. So many more Israelis will be killed for the simple reason of being Jewish and existing. You are not alone. The world is watching.”
Representative Jacqueline Parker praised Israeli leadership and response to the attacks, saying, “At least there’s one righteous super power left in the world with competent leadership. I pray for Israel’s safety & swift victory.”
Representative Seth Blattman added, “This is a horrifying surprise attack on the people of Israel. I stand with Israel as it defends itself against Hamas in this ongoing assault.”
Other municipal and county officials also issued their own statements in reaction to the events from the weekend.
Phoenix Mayor Kate Gallego posted, “I’m proud to stand with Israel and condemn Hamas’s attacks on innocent people in the strongest terms. Here in Phoenix, our police are stepping up patrols near synagogues – and our hearts are with our many friends throughout Israel.”
Representative Alexander Kolodin recognized the increased security provided by Phoenix law enforcement, stating, “Grateful to the Phoenix Police for this extra degree of vigilance. We American Jews are tremendously luck to live in a country where officers of every faith are willing to risk their lives to protect our ability to worship freely.”
Maricopa County Attorney Rachel Mitchell also shared her prayers for Israel.
Peoria Mayor Jason Beck told AZ Free News that “Israel is a home away from home for me and my family. It has a sacred history and is one of the few places in the region that respects the personal beliefs of their citizens. I’m both saddened and angry at what these acts of terrorism have done to the people of Israel. I am taking action by sending body armor to Israel for the protection of the brave soldiers who will defend their homeland and our Western values. The Biden administration should be ashamed of their recent actions that opened up funding to Iran. Iran is who has openly trained and funded Hamas and other affiliates that don’t recognize Israel’s right to exist. They seek to wipe Israel off the face of the earth. I stand with the men and women of Israel in this fight and pray that God will protect their homeland.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Daniel Stefanski | Oct 4, 2023 | News
By Daniel Stefanski |
Arizona’s Governor and Treasurer continue to escalate their political feud over the constitutionality of executive agency nominees.
After Governor Katie Hobbs, a Democrat, announced her decision to withdraw her remaining agency nominees for Senate confirmation, Treasurer Kimberly Yee, a Republican, revealed that during last week’s State Board of Investment meeting, she “did not recognize employees from the Arizona Department of Administration or the Arizona Department of Insurance and Financial Institutions as legally participating members due to the recent actions of the Governor.”
Yee’s action led to political fireworks from the Governor’s Office with a press release calling out the State’s Treasurer for “falling in line with extremist Jake Hoffman’s decision to participate in partisan obstructionism.” The fiery communication from Hobbs’ Office asserted that Yee “broke the law and refused expert advice from professionals in order to play political games with taxpayer money, shirking her responsibilities as the State Treasurer.”
Hobbs’ Director of Operations and Interim Director of the Arizona Department of Administration (ADOA) said, “The taxpayers deserve to have their funds invested optimally to maximize ROI, and they have entrusted Treasurer Yee with that responsibility. By shutting out the voices of fellow agencies, you are failing to take into account all of the information that the law requires in order to do right by our taxpayers.”
Henderson sent a letter to Yee, accusing her of “illegally depriving ADOA of the power to participate in Tuesday’s Board meeting.” The interim agency director also noted, “Any matter covered in the meeting will need to be added to the agenda for the next meeting, at which you must recognize Assistant Director Restinas and allow her to participate as a member in accordance with the law.”
The Republican Treasurer quickly responded via letter to the governor, letting the State’s chief executive know that she took “exception to the unprofessional and juvenile rhetoric used throughout (Henderson’s) letter,” and that she was appalled by the “complete lack of respect from a member of your administration towards a duly statewide elected official.” Yee explained that her actions during the investment meeting last week were not done “for political reasons, as suggested by your staff, but rather out of an abundance of caution to ensure that the actions taken by the BOI during the September 26, 2023, meeting were legitimate and lawful.”
Treasurer Yee took several paragraphs to justify her actions in refusing to recognize the two agency leaders at her recent meeting. She asserted that, pursuant to state statutes, her Office required multiple pieces of documentation from the Governor’s team on the two appointments in addition to “legal authority supporting the appointments.” Yee stated that she “cannot in good conscience seat the ADOA and DIFI employees on the BOI moving forward” without receiving the aforementioned pieces from the Governor’s Office.
Yee also expressed her disagreement with Henderson’s allegation that her actions at the BOI meeting were “invalid and must be re-added to next month’s agenda.” She noted that one of the appointees, Retsinas, “attended the full meeting via WebEx as a member of the public and at no time informed the BOI, or Treasury staff, that she had been appointed by Mr. Henderson, as interim director of ADOA.”
In conclusion of her letter, Yee expressed hope that her letter “alleviates the concerns of (Hobbs) and (her) staff,” requesting the governor to “send us all documentation supporting (her) appointments as soon as practicable so that we may ensure that the appropriate designees are seated on the BOI moving forward.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Corinne Murdock | Sep 29, 2023 | News
By Corinne Murdock |
As acting governor, one of Treasurer Kimberly Yee’s first official declarations was to assure the state that she wouldn’t abuse her authority by installing agency leadership without legislative approval, implying she wouldn’t follow Gov. Katie Hobbs’ example.
“While I am pleased to step into this role, I will refrain from naming directors to the 13 agencies that currently have vacancies and will not call the Arizona Legislature into session to confirm them,” said Yee.
In the closing remarks of her public statement on Wednesday, Yee expressed the hope that Hobbs would name “qualified directors” to lead the agencies upon her return the next day.
“The people of Arizona deserve leaders who follow the rule of law,” said Yee.
The State Senate has yet to confirm 13 nominations put forth by Hobbs, who have been serving as interim directors. The senate’s stall prompted Hobbs to remove the nominees from their interim role and re-establish them as executive deputy directors, effectively granting them the authority of directors.
In a statement on Monday, Hobbs said that the executive deputy director move was lawful. The governor blamed the 13 appointees’ failure to be accepted on “extremists in the Senate” bent on adhering to a “radical political agenda.”
“I’m putting an end to [Senate President Warren Petersen’s] political circus that holds Arizona agencies hostage and wastes taxpayer dollars,” said Hobbs.
In an attached letter to Petersen, Hobbs cited instances of canceled nomination hearings and failures to schedule a full senate vote for committee-approved nominees as examples of the senate not fulfilling its vetting process per law or tradition.
Hobbs specifically targeted Sen. Jake Hoffman (R-AZ-15), chair of the Director Nominations Committee, for “disrespectful behavior” such as attempting to leverage nominee confirmations for her acceptance of certain policies.
“It is clear that this committee has taken upon itself to impose some other, impossible standard — or perhaps no standard at all beyond the whims of Senator Hoffman — for evaluating nominees,” wrote Hobbs.
The move has prompted outcry from lawmakers. Senate President Warren Petersen (R-AZ-14) said that the executive deputy directorships were a blatant and open attempt at circumventing law.
“Dark day for Arizona,” posted Petersen on X, formerly known as Twitter.
Petersen further asserted that the directors were “fake” and illegitimate. The senate president also clarified that the senate has approved 70 percent of Hobbs’ nominees.
Consequently, Yee barred those directors from sitting at the State Board of Investment meeting on Tuesday. The treasurer echoed Republican lawmakers’ stance that Hobbs’ action was illegal.
In a separate statement, Yee said that Hobbs created “chaos and confusion” directly counter to proper government proceedings.
“The absence of lawfully appointed directors of these two agencies creates legal uncertainty and jeopardizes the proceedings of the State Board of Investment,” said Yee.
Corinne Murdock is a reporter for AZ Free News. Follow her latest on Twitter, or email tips to corinne@azfreenews.com.
by Daniel Stefanski | Sep 28, 2023 | News
By Daniel Stefanski |
The fallout continues from the Arizona Governor’s decision to withdraw her remaining agency nominees for Senate confirmation.
On Monday, Senate President Warren Petersen highlighted an email from the Arizona Department of Environmental Quality (ADEQ) regarding his chamber’s confirmation process. The communication to all ADEQ staff was from Karen Peters, who was previously nominated to serve as the Department’s Director.
In her message, Peters shared that “Governor Hobbs is taking actions today to keep her chosen agency leaders in place, as the state Senate has not acted on many of her cabinet appointments. As of this morning, I am reassigned into an Executive Deputy Director position, not subject to Senate confirmation, and serve as the Cabinet Executive Officer (CEO) to lead the Arizona Department of Environmental Quality.”
Petersen erupted at the intercepted transmission, writing, “Very disturbing to see that the governor and director of ADEQ blatantly and openly attempting to circumvent the law. Dark day for Arizona.”
Arizona Treasurer Kimberly Yee also weighed in on the governor’s shocking action. During Tuesday’s State Board of Investment meeting, Yee revealed that she “did not recognize employees from the Arizona Department of Administration or the Arizona Department of Insurance and Financial Institutions as legally participating members due to the recent actions of the Governor.” The Republican Treasurer added, “Yesterday’s decision by the Governor to pull the nominations of these cabinet-level positions has created chaos and confusion that is contrary to the orderly administration of government business. The absence of lawfully appointed directors of these two agencies creates legal uncertainty and jeopardizes the proceedings of the State Board of Investment.”
The Senate President agreed with Yee’s assessment of the situation at hand, stating, “Treasurer Yee is correct. The Governor has appointed 13 Fake Directors. They are illegitimate and should not be recognized as credible.”
Petersen also noted his chamber “approved 70 percent of her nominees” – a sign that the Senate was moving in good faith to complete its constitutional responsibilities.
However, Petersen warned that the Senate’s confirmation process was “not a rubber stamp” for nominees sent from the Governor’s Office. He asserted that “Vetting is imperative to protect AZs citizens. The founders set up a system of checks and balances for this purpose. Further there was no need to rush her new Fake Director appointments because all of her prior nominees could serve for 1 year without and prior to confirmation.”
The final straw for the Hobbs’ administration appears to have taken place last week, when the Senate’s Committee on Director Nominations voted, along party lines, to recommend a ‘no’ vote on the executive appointment for the Director of the Arizona Department of Housing, Joan Serviss.
In a press release announcing the result of the committee’s vote, the Senate Republican Caucus shared that “during questioning of Serviss, troubling information came to light regarding a history of repeated and seemingly pervasive plagiarism while serving as Executive Director with the Arizona Housing Coalition. The Caucus added, “Over a period of about four and a half years, an alarming number of individual statements were documented as written by other groups, but presented by Ms. Serviss as her own original works,” and “under her leadership, both government entities and the public were misled, threatening the credibility of this organization.”
However, Senate Democrats were outraged by the committee’s rejection of Serviss. Two Senators, Lela Alston and Flavio Bravo, quickly issued a press release, condemning the action. Alston said, “I have sat in more legislative committees than I would like to admit, but I have never seen worse behavior than that which was displayed by Senator Hoffman today. Director Serviss is broadly supported by veterans, housing experts, community members, and those in the advocacy community for this role.” Bravo added, “The accusations Republicans chose to throw were not that of a legislative official who should easily be able to distinguish the difference between an advocacy letter and an academic paper…He (Hoffman) put his own personal disagreements with Governor Hobbs above the dire needs of Arizonans in urgent need of housing.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
