WELCOME TO THE FIRST.
COMMITTEE MEETING OF THE STATE
SENATE SELECT COMMITTEE ON
ARMENIA CALIFORNIA ARMENIA AND
OUR TALK MUTUAL TRADE ART AND
CULTURAL EXCHANGE. AND ITEM
NUMBER FOUR ON OUR GENDER THE UC
DIVEST MEANT.
ISSUE WILL BE A JOINT.
MEETING OF THE SELECT COMMITTEE
AND BUDGET SUBCOMMITTEE NUMBER
ONE ON EDUCATION.
I'M CHAIR IF ANY PORTENT TO KNOW
I'M JOINED BY SENATOR SCOTT WILL.
AND.
THIS IS AN EXCITING MOMENT.
THESE ARE IMPORTANT ISSUES BOTH
FOR. CALIFORNIA CITIZENS
CALIFORNIA BUSINESSES AND THE
ECONOMY OF ARMENIAN ARTS SOCK
HAVING VISITED.
BOTH ARMENIAN ART'S SAKE TO
JIM'S AGO.
IT WAS AN EYE OPENING
EXPERIENCE MY FIRST TRIP.
AND.
SEEING THE BUSINESS
OPPORTUNITIES THAN.
EARLIER THIS YEAR MEETING WITH
GOVERNOR BROWN AND
REPRESENTATIVES OF. FROM THE
GOVERNOR MEDIAN DISCUSSING
POSSIBILITIES OF A MEMORANDUM OF
UNDERSTANDING.
THIS COMMITTEE HEARING SORT OF
AN OUTGROWTH OF ALL THOSE
EFFORTS SO I'M PLEASED TO CHAIR
BOTH COMMITTEES AND WANT TO SAY
THANK YOU TO. LOOSEN A.
FROM MY STAFF FOR WORKING SO
DILIGENTLY TO PUT THIS TOGETHER
AND ALL OF OUR SPEAKERS WHO FLEW
IN A SPECIAL FOR THIS WE ARE
GOING TO PUBLIC COMMENT AT THE
END.
AND I ALSO WANT TO GIVE MY
COUNTERPART MR WORKING
OPPORTUNITY TO SAY A FEW WORDS.
THANK YOU MISTER CHAIR I HAVE TO
CORRECT YOU THOUGH IT'S SCOTT
WILL BE IN.
SO I I APPRECIATE THE
OPPORTUNITY TO SERVE ON THE
SELECT COMMITTEE.
I I THINK THIS IS ACTUALLY A
STRATEGIC RELATIONSHIP BETWEEN
THE UNITED STATES ARMY AS WELL
AS CALIFORNIA AND ARMENIA. BY AS
WE ALL KNOW WE HAVE DONE A
HUNDRED ODD. THAT MEAN A MILLION
RESIDENTS OF ARMENIAN ANCESTRY
THAT LIVE IN THE STATE AND IF
YOU LOOK AT THE GEOPOLITICS OF
THE WORLD.
ARMY IS RIGHT THERE IN THE
HEART OF EURASIA.
BE A VERY IMPORTANT STRATEGIC
PARTNER IS A DEMOCRACY IS FREE
MARKET IS ALL THE VALUES THAT WE
VALUE HERE IN AMERICA SO. I KNOW
THEY HAVE A FOOT IN THE EAST IN
THE FOOT IN THE WEST BECAUSE
THEY HAVE TO BECAUSE THE
GEOPOLITICS I REALLY BELIEVE
BECAUSE I'VE BEEN THERE TWICE
NOW ONCE. I REALLY BELIEVE THAT
IN THEIR HEARTS THEY THEY THEY
WANT TO BE WITH THE WEST AND.
ALL THAT WE CAN DO TED TO BIND
BY IN THOSE COMMUNITIES EVEN
CLOSER BENEFITS I THINK
EVERYBODY. THANK YOU SIR THANK
YOU THANK YOU FOR BEING ON THE
COMMITTEE AND. CORRECT YOUR ON
THE BOTTOM OF OUR HIGH.
AND SO WITH THAT I AM VERY VERY
HONORED TO HAVE.
AND THAT.
CHECK OUT HERE WITH US WHO IS
THE AUTHOR AND LECTURER LAWYER
BUSINESSWOMAN IN YEMEN RIGHTS
ACTIVISTS.
SHE'S AN ARMENIAN REFUGEE FROM
BAKU.
IN AZERBAIJAN. AFTER FLEEING
BAKU IN THE FALL OF NINETEEN
EIGHTY NINE DUE TO ETHNIC
CLEANSING.
SHARE FAMILY SPENT THREE YEARS
IN ARMENIA AS A REFUGEE BEFORE
COMING TO THE UNITED STATES AND
SO SORT OF SETTING THE TABLE FOR
THE CONVERSATION IS YOUR
POWERFUL EMOTIONAL STORY AND SO
THANK YOU FOR HONORING US WITH
YOUR PRESENCE AND. I'M GONNA
GIVE YOU THE FULL.
.
WHAT AFTERNOON I'M?
INCREDIBLY THANKFUL TO SENATOR
PRESENTING THEIR FOR. INVITING
ME TO SPEAK HERE TODAY ABOUT MY
FAMILY'S HISTORY AS REFUGEES
FROM AZERBAIJAN.
AS WE OBSERVE AND COMMEMORATE
THE THIRTIETH ANNIVERSARY OF THE
SOME GUIDE MASSACRES.
AND DISCUSSING CALIFORNIA
ARMENIA AND ARTS OF MUTUAL TRADE.
AND CULTURAL RELATIONS IN
EXCHANGE.
AS WE COMMEMORATE SOME GUIDE
MASSACRES I WILL OUTLINE THEM BY
SPEAKING ABOUT ATROCITIES
AGAINST ARMENIANS IN AZERBAIJAN.
THROUGH MY FAMILY'S HISTORY IN
THE LAST HUNDRED YEARS.
SOME GREAT WAS NOT JUST A
MASSACRE OF ARMENIANS CLINICAL
LEGAL TERM THAT GETS TOSSED
AROUNDLIKE A QUESTION MARK FOR
HISTORIANS. DEPENDING ON THEIR
AFFILIATIONS. SOME GREAT AS A
CITY BUT IT'S ALSO SOME GUIDE
WITH A SMALL*.
WAS A MARKER IN TIME FOR
HUNDREDS OF THOUSANDS OF
ARMENIANS OF AZERBAIJAN. THAT IS
DIFFICULT TO EXPLAIN OR CONVEY
IN WORDS.
I WAS BORN AND BUCKLING. MY
CHILDHOOD AND BUCKLE WAS HAPPY
PEACEFUL AND CALM TO THE EXTENT
THAT A CHILDHOOD IN THE SOVIET
UNION CAN BE.
MARK ABOUT MY FAMILY'S HISTORY
BUCKLE STARTED MUCH EARLIER.
MY GRANDFATHER YES YOU GUESSED
IT WAS BORN IN THE SOUTHERN
REGION OF ARMENIA SUNY.
BARELY SURVIVING THE ARMENIAN
GENOCIDE IN NINETEEN FIFTEEN.
WHEN HE WAS FOUR FIVE YEARS OLD.
HIS PARENTS DIED OF HUNGER AND
DISEASE AND HIS OLDER SISTER AND
HIM FLY TO EASE TO BUCKLE BY
TRAIN.
IN NINETEEN EIGHTEEN THE
ARMENIAN GENOCIDE WAS REPLICATED
IN BACHRUL.
WHEN TENS OF THOUSANDS OF
ARMENIANS WERE SLAUGHTERED THE
ENTIRE POPULATION ATTACKED IN
MANY WAYS AND ROBBED IN EVERY
WAY.
ONCE AGAIN MY GRANDFATHER AND
HIS SISTER FOR FORCIBLY
DISPLACED BY VIOLENCE BETWEEN
THE ATROCITIES. THIS TIME HIS
FAMILY SKIP THE KILLINGS OF
ARMENIANS BY BOAT.
RUSSIAN BOATS WERE SMUGGLING
ARMENIANS ACROSS THE CASPIAN. HE
WAS EIGHTY YEARS OLD.
AFTER SEVERAL YEARS LIVING IN
INTRAVENOUS TOWN AS REFUGEES. MY
GRANDFATHER HIS SISTER CROSSED
THE CASPIAN WHEN ARMENIANS
JOINED THE SOVIET UNION AND ANTI
ARMENIAN VIOLENCE STOPPED.
THEY SETTLED IN YET UPON WHERE
HE GREW UP AND WENT TO
UNIVERSITY.
UNFORTUNATELY IN NINETEEN FORTY
FIVE MY GRANDFATHER RETURNED
FROM WORLD WAR TWO.
AND COULDN'T FIND WORK IN
ARMENIA HE MADE A FATEFUL
DECISION TO COME BACK TO RENEWED
SOVIET BUCKLING SEARCH FOR WORK.
SURELY HE THOUGHT NOTHING LIKE
ARMENIAN GENOCIDE OR ANTI
ARMENIAN MASSACRES COULD EVER
REPAY.
BUT HE KNEW THE HORRORS THAT MAY
EXIST AND DO EXIST AGAINST
ARMENIANS AND LOSE A FIGHT THE
FAMILY NAME MUST NOT SETTLE DOWN.
AND.
I WAS BORN AS ANNOUNCED BY THE
DOOR OF OUR.
LITTLE DID HE KNOW THAT THE
HATRED HE EXPERIENCE AND EYES IN
AZERBAIJAN WAS REVIVED AGAIN IN
NINETEEN EIGHTY EIGHT. TEN YEARS
AFTER HE PASSED AWAY.
AS THE SOVIET UNION BEGAN ITS
COLLAPSE THE REPUBLICS OF THE
YOUTH OF THE UNIONIST HEARD AT
THEIR INDEPENDENCE STARTING IN
OUR STUFF.
IN RESPONSE TO THIS FREEDOM
MOVEMENT IN ARTS OFF THE
ARMENIANS OF AZERBAIJAN WERE
SLAUGHTERED. IN THE CITY OF SOME
GREAT. AND THEN CARE OF A BOND
AND IN MY HOME CITY OF BAKU.
THEY WERE THEN COMPLETELY DRIVEN
OUT FROM OUR HOMES FROM OUR
STREETS. AND FROM THE CITY THAT
WE BUILT.
SOME GREAT WAS THE FIRST AND IT
WAS THE BEGINNING.
IT WAS A SHOCK WAVE TO THE
ARMENIAN POPULATION THAT
SOMETHING LIKE THIS COULD EVER
HAPPEN. UNDER THE IRON SOVIET
RULE.
MY UNCLE WORKED IN SOME GREAT
ABOUT IT THIRTY MINUTE DRIVE
FROM THE CAPITAL.
HE RACED BACK AFTER THE
MASSACRES PACKED UP HIS ENTIRE
FAMILY AND MOVE TO RUSSIA WITHIN
A WEEK.
SOME GREAT HAPPEN IN THE END OF
FEBRUARY. I KNOW THIS.
BECAUSE I WAS TOLD OF HIS
DEPARTURE ON MARCH FOURTEENTH MY
BIRTHDAY.
I TURNED TEN I WAS HEART BROKEN
THAT MY FAVORITE COUSINS WERE
GONE.
MOVING WITHIN THE SOVIET UNION
WAS UNUSUAL GENERATIONS OF
FAMILIES LIVE TOGETHER IN ONE
SPOT FOR DECADES.
WHAT DID MY UNCLE SEE THAT HE
COULD NOT STAY IN BAKU FOR A
MINUTE LONGER?
VERY LITTLE WAS EVER REPORTED
AND THE WORLD DIDN'T RESPOND
THINGS BEGAN TO ESCALATE IN
OTHER PARTS OF THE COUNTRY
INCLUDING BUCKLE.
SUDDENLY ARMENIANS WERE FIRED
FROM JOBS THEY HAD FOR YEARS.
SUDDENLY YOU WERE IDENTIFIED AS
AN OUT OF MANY ON THE STREET AND
MAY NOT BE ABLE TO BUY FOOD IN
THE MARKET.
SUDDENLY YOUR PARENTS DO NOT
TAKE YOU TO THE BEACH BECAUSE
THERE WERE REPORTS OF ARMENIANS
BEING DROWNED.
SUDDENLY YOU MIGHT BE BEATEN OR
HANGING OFF THE BRIDGE OUTSIDE
OF MY LIVING ROOM WINDOW.
SUDDENLY YOUR FRIENDS ARE NOT I
TOLD NOT TO PLAY WITH YOU
BECAUSE YOU ARE AN ARMENIAN.
SUDDENLY AFTER EIGHTY YEARS OF
PEACEFUL CO EXISTENCE YOU DON'T
KNOW WHICH EYES EVERY NEIGHBOR
CALLED THE FACTS OFF THE STREET
TO YOUR HOUSE TO KILL YOU.
AND THEN SUDDENLY YOU FIND YOUR
LIFE BEING SAVED BY NIGERIAN
NEIGHBOR YOU NEVER KNEW WHO WAS
AFRAID OF HER GOD.
STANDING GUARD BY YOUR DOOR AND
TELLING THEM ARMENIANS ARE ALL
GONE.
THESE THINGS BECAME AN EVERYDAY
OCCURRENCE PREMINGER BY WITHOUT
MUCH OR FOR MAJORITY OF NINETEEN
EIGHTY NINE. WHEN WE HIT IN OUR
APARTMENT I WAS ELEVEN YEARS OLD.
I QUESTION MY PARENTS ABOUT THE
SUDDEN VIOLENCE.
I ASKED WHY I HAD TO HIDE MY
FACE WALKING DOWN THE STREET OR
TELL STRANGERS I WAS GREEK IF I
WAS EVER QUESTIONED ABOUT MY
ETHNICITY.
I ASKED FOR THE MEN IN BLACK AND
GREEN HEAD COVERINGS WERE
SCREAMING DEATHS TO ARMENIAN.
OUTSIDE OF MY HOME DEMONSTRATING
SO OFTEN. THAT THE SOUND OF
THEIR CHANCE WAS AS TYPICAL OF
AT THE SOUND OF THE TRAIN
PASSING OVER THE BRIDGE NECTAR
NEXT TO OUR HOUSE.
ASK WHY I COULDN'T GO OUTSIDE
TOGETHER ALL OF THE STUFF THAT A
LOT OF. TREES FOR MY MOTHER TO
PICKLE.
I ASK WHY MY FATHER PREPARED TO
SAVE US WITH KNIVES WHEN WERE
HIDING IN OUR HOME. CURTAINS
DRAWN LIGHTS SHUT OFF AS THERE
ARE RIGHTS AGAINST ARMENIANS
TOOK PLACE OUTSIDE OF OUR HOME.
I EXPERIENCE ETHNIC VIOLENCE
WITH MY OWN EYES AND WITH MY OWN
BODY A BODY OF ANOTHER ELEVEN
YEAR OLD CHILD.
I ASKED WHAT WE DID WRONG.
PEOPLE OFTEN SEE THESE MASSACRES
AS ISOLATED EVENTS IN TIME
CRIMES AGAINST HUMANITY PACKAGE
NEATLY IN A CHAPTER OF A HISTORY
BOOK. THEY WERE KNOCKED TO ME.
IN MY OWN MIND I SEE THEM AS A
WAVE.
THEIR STRENGTH AND THEN SWEPT
ALL OF ARMENIANS AZERBAIJAN OUT
TO SEA TO FEND FOR THEMSELVES.
SO GREAT WAS THE FLOOD GATE.
IT WAS A TURNING POINT IN A
BLUEPRINT FOR CURRENT
AZERBAIJANI GOVERNMENT.
AND THE PAST GOVERNMENT TO BEGIN
ORCHESTRATED EXPELLING OF THREE
HUNDRED THOUSAND ARMENIANS FROM
THEIR WEALTH. THEIR POSITION OF
POWER AND FROM OUR OWN HISTORY
WITH AN ANSWER BY JOHN.
THEY DID IT IN THE MOST VILE
ORGANIZE AND HEARTLESS WAY WITH
NO REGARD TO WHO THEY WERE
HURTING. ELDERLY WOMEN OR
CHILDREN.
EVENTUALLY THEY PUT THE
REMAINDER OF THE ARMENIAN
CIVILIAN CITIZENS OF AZERBAIJAN.
WHO COULDN'T FLEE ON SHIPS? AND
THREW THEM ACROSS THE CASPIAN
JUST LIKE THEY DID IN NINETEEN
EIGHTEEN.
SUMMER OF NINETEEN EIGHTY EIGHT
IN BAKU WAS UNBEARABLE BECAUSE
SOME GREAT HAPPENED.
NEW YEAR'S EVE OF NINETEEN
EIGHTY EIGHT WAS PERFECT BECAUSE
KID OF ABOUT HAPPENED. THE
ENTIRE EIGHTY NINE I SPEND IN
HIDING BECAUSE BUCK WAS
PREPARING FOR FOUR OF ITS OWN.
MY QUESTIONS AND. AS A CHILD
EVENTUALLY STOPPED.
THE ETHNIC VIOLENCE BECAME
NORMALCY WHILE MY PARENTS SPENT
MONTHS TRYING TO FIND A WAY TO
ESCAPE.
MY SOLACE WAS FINDING ANSWERS
WITHIN MYSELF THROUGH DIARY
WRITING.
I WROTE ABOUT DAILY LIFE AND I
WRITE ABOUT BIG WORLD EVENTS.
WHEN I CAME TO UNITED STATES I
WAS TERRIFIED IS THAT THIS DIARY
ONE BE UNDERSTOOD BY MY FUTURE
CHILDREN.
BUT WE COULDN'T. READ MY RUSSIAN
CURSIVE.
FROM THE AGE OF FOURTEEN TO
ABOUT SIXTEEN I TRANSLATED THE
WORDS OF THE DIRE INTO ENGLISH.
ADDING DESCRIPTIONS AND
EXPLANATIONS TO MY FUTURE
CHILDREN. SO THAT THEY KNOW WHO
WE WERE AND WHAT WE SURVIVE TO
GIVE HIM A SOLID START IN LIFE
IN UNITED STATES.
ONCE IT WAS DONE I PUT MY HAND
DURING A HANDWRITTEN MANUSCRIPT
AWAY IN MY CLOSET. ONLY TO
SERIOUSLY CONSIDER PUBLISHING
AND WHEN I SEE MY SECOND CHILD
WAS BORN IN TWO THOUSAND NINE.
I WAS APPALLED THAT THEY ARE
TOUGH CONFLICT WAS ONGOING YET I
WAS IN MY THIRTIES. I WAS TEN
WHEN IT HAPPENED.
IN TWO THOUSAND TWELVE I FINALLY
PUBLISHED A TRANSLATION THE WAY
IT WAS WRITTEN WHEN I WAS A
CHILD. BECAUSE IT IS OUR HISTORY.
BUT IT'S ALSO BECAUSE IT'S OUR
PRESENT.
THIS CONFLICT DISTRICT AND
DESTROYED MY CHILDHOOD IS STILL
ONGOING FEW HUNDRED MILES AWAY
FROM THE CITY OF YEAR ON.
CAPITAL OF ARMENIA.
THEIR HUNDRED FIFTY THOUSAND
ARMENIAN PEOPLE OF ARTS OFF THAT
STILL LIVE IN AN OPEN AIR PRISON.
ETHNICALLY TARGETED DAILY AND
MORE SO RECENTLY BY AZERBAIJANI
MILITARY WITH NO REGARD TO
INTERNATIONAL LAW OR
INTERNATIONAL OBLIGATIONS.
WHAT I WANT YOU TO UNDERSTAND
FROM MY FAMILY STORIES NOT JUST
THE SUFFERING WE ENTERED AS A
FAMILY?
MY FAMILY IS NOT VERY DIFFERENT
FROM THE THREE HUNDRED THOUSAND
ARMENIAN REFUGEES FROM I SAID
ABOUT JOHN. OR OTHER SURVIVORS
OF ETHNIC VIOLENCE.
PLEASE TAKE AWAY THAT IN MY
FAMILY WE SUFFER GENOCIDE AND
ETHNIC CLEANSING DISPLACEMENT
LOSS OF PROPERTY IN DIGNITY
THREE TIMES IN THE LAST HUNDRED
YEARS.
EXTENDING FOR SEVERAL
GENERATIONS.
MAKE IT FOUR TIMES EVEN AFTER MY
GRANDFATHER'S DEATH HE WAS
VIOLATED. HIS AND MY
GRANDMOTHER'S GRAVES AND BUCKLED
AS WERE ALL THE CEMETERIES OF
ARMENIANS. WERE DEMOLISHED.
NOW AS AN ADULT AND AS A MOTHER
I FULLY COMPREHEND THE SUFFERING
MY PARENTS HAD IN DURING IN BAKU
AND LATER AS REFUGEES. SIMPLY
FOR BEING BORN ARMENIANS.
I COULD NOT WISH THIS EXPERIENCE
ON ANYONE LET ALONE A FELLOW
ARMENIAN.
DESPITE THE HISTORIC EVIDENCE
THAT OUR TIME IS AN ANCIENT
ARMENIAN LAND. THE REALITY OF
TODAY IN THE LAST THIRTY YEARS
SINCE NINETEEN EIGHTY EIGHT IS
THAT. ARMENIANS THERE ARE NO
MORE SAFE UNDER EYES EVERY RULE
AND WE WERE IN BAKU.
ARE TO HER MINIONS COULD AND
SHOULD NEVER BE SUBJECTED TO
RISE EVERY GOVERNMENT AND ANTI
ARMENIAN RHETORIC AND PROPAGANDA
THAT PLAY GETS POLICIES.
POLICIES OF THEIR PRESIDENT WHO
CONSIDERS ALL ARMENIANS
INCLUDING THE AMERICAN ARMENIANS.
OF THE WORLD TO BE HIS ENEMY.
THESE ARE HIS OWN WORDS.
WHAT PRESIDENT CARTER'S THING?
THINGS LIKE THIS AN INTOLERANT
SCENE PHOBIC ANTI ARMENIAN RULER.
OF AN AUTHORITARIAN REGIME.
ARMENIANS OF ARTS AWFUL OF LOVE
FOR THEIR HISTORY AND LAND HAVE
THE MOST TRANSPARENT DEMOCRATIC
GOVERNMENT IN THE REGION.
THEY HAVE THE RIGHT TO SELF
DETERMINATION THROUGH DEMOCRATIC
PROCESSES AND THEIR OWN PEOPLE'S
WILL TO BE INDEPENDENT FROM THE
VIOLENT. INTOLERANT AS A RULE.
THEY HAVE THE RIGHT TO FREE
TRADE.
THE RIGHT TO RAISING THEIR
CHILDREN WITHOUT SNIPER FIRE
EXPLOSIONS AND CONSTANT
ANTICIPATION OF WAR.
THEY HAVE THE RIGHT TO GOVERN
THEIR OWN LAND.
MANY ARMENIAN REFUGEES BOTH FROM
THE ARMENIAN GENOCIDE AND THE
ATROCITIES AGAINST ARMENIANS OF
AZERBAIJAN HAVE MADE UNITED
STATES THEIR HOME. LARGEST
PORTION OF THEM RESIDING IN
CALIFORNIA.
WHERE BUSINESS OWNERS TAXPAYERS
ARE HISTORIES OF ALL WOVEN INTO
THE HISTORY OF THIS COUNTRY AND
THE STATE?
THE ECONOMIC STABILITY OF ARTS
OFTEN ARMENIA DIRECTLY AFFECT
THE ECONOMY OF CALIFORNIA AND
VICE VERSA.
AS ONE OF THE LARGEST ECONOMIES
OF THE WORLD CALIFORNIA HAS BOTH
THE OPPORTUNITY AND THE ABILITY
TO ADOPT POLICIES ENCOURAGING
ITS CITIZENS. ESPECIALLY THOSE
OF ARMENIAN ORIGIN FOR DIRECT
DESCENDANTS AND OR SURVIVORS OF
ATROCITIES IN AZERBAIJAN. TO
PROMOTE THE ECONOMIC DEVELOPMENT
OF ARMENIA AND ART.
THE HOPE FOR A PEACEFUL
RESOLUTION OF THIS CONFLICT IS
VULNERABLE BUT EVERLASTING. IT
IS MY HOPE THAT IN MY LIFETIME I
SEE ARE TOUGH AS FORMALLY
RECOGNIZED BY THE WORLD AS
INDEPENDENT. AND SOVEREIGN.
TOWARD THAT GOAL AND FOR THE
REST OF MY LIFE I REMEMBER SOME
GREAT. KID OF ABOUT BACHRUL
MARAGHA AND SO FORTH. I WILL
NEVER FORGET IT. I WILL SPEAK
ABOUT IT UNTIL IT THE DAY I DIE.
NO ONE SHOULD EVER FORGET THE
INNOCENT LIVES LOST THE LIVES
LOST IN THE MOST BRUTAL AND
HORRIFIC WAY. NO ONE EVER SHOULD
FORGET THE THREE HUNDRED
THOUSAND ARMENIANS OF AZERBAIJAN
COMPLETELY SHATTERED.
FAMILY SPREAD ACROSS THE WORLD
OUR PARENTS BROKEN WITH MEMORIES.
CEMETERIES OF LOVED ONES
DEMOLISHED AND ROADS OF
AZERBAIJAN PAVED WITH THEIR
HEADSTONES.
ARMENIANS OF AZERBAIJAN SEPARATE
ALLIES WILL CONTINUE TO SUPPORT
OUR TALKS INDEPENDENTS. WILL
NEVER FORGET WHAT WAS DONE TO US.
AND WE WILL NEVER LET THE WORLD
FORGET IT EITHER. THANK YOU.
THANK YOU.
THANK YOU FOR YOUR SHARING YOUR
FAMILY STORY
THANK YOU.
VERY POWERFUL NO STATE DON'T
OKAY MIGHT BE GIVEN A QUESTION.
THERE'S NOT MANY GO FIRST.
.
I SEE THE SAME PASSION IN YOU
THAT I SAW WHEN I WAS AT A DUMB
MEETING WITH THE SOLDIERS.
AND I FEEL THE SAME.
CONNECTION AND THAT.
THANK YOU.
OBVIOUSLY.
.
YOU'RE AN ACTIVIST. AND WE HAVE
YOUNG PEOPLE HERE. HOW CAN?
THE ASPIRIN YOUNG PERSON GET
INVOLVED IN.
RE TELLING YOUR STORY AND AND.
HELP.
HAVE ANY ADVICE. FOR DADS BEEN
ARMENIANS.
.
I THINK THEY ARE INVOLVED.
I THINK THAT YOUNG GENERATION
IS VERY CONNECTED TO ARMENIA
BECAUSE OF THE COLLAPSE OF THE
SOVIET UNION THEIR PARENTS
WEREN'T ABLE TO VISIT ARMING AS
OFTEN AS. AS THIS GENERATION
DOES SO I THINK THAT THE
CONNECTIONS ARE VERY STRONG.
EVERY TELLING MY STORY.
I'LL POCKETS OF THE ARMENIAN
DIASPORA ARE NOT AWARE OF SOME
GREAT. AND ARE CONFUSED ABOUT MY
COMMUNITY COMMUNITY THAT DOESN'T
SPEAK ARMENIAN AND OFTEN DOESN'T
ATTEND SOME OF THE LARGER ON
DESPERATE EVENTS. I THINK
REACHING OUT TO THE BUCKLE
COMMUNITY.
ACCEPTING THEM AND ARE
EMBRACING THEIR STORY
COMMEMORATING WITH US THAT IS
THE FIRST STEP. AND ALSO TELLING
NON ARMENIAN FRIENDS ABOUT WHAT
HAPPENED WERE VERY GOOD.
AT ORGANIZING AND.
WE.
I THINK WE CAN CONTINUE DOING
THAT.
THAT. THE GOVERNMENT OF OF ARTS
SOCK HAS.
REACHED OUT TO TALK TO US ABOUT
THE.
CREATING PARTNERSHIPS.
IN RELATION TO AGRICULTURE.
AND TWO BEAUTIFUL.
GREEN. COUNTRY.
.
DO YOU THINK THAT WOULD BE GOOD
FOR CALIFORNIA AGRICULTURE TO.
REACH OUT AND TRY TO CREATE SOME
PARTNERSHIPS AND HELP BOTH
COUNTRIES ABSOLUTELY.
UP.
OUR TOPIC IS THE BREAD BASKET OF
ARMENIAN WORLD.
MY HUSBAND WHO VISITED OR TO
RECENTLY AND HE SAT THERE AND
THEY HAVE THE BEST TOMATOES SO.
PERHAPS THERE'S SOME COMPETITION
WITH CALIFORNIA BUT. I'M FROM
NEW JERSEY AND NEW JERSEY
TOMATOES ARE VERY VERY FAMOUS AS
WELL SO SORRY ALRIGHT SO THEY
CAN HAVE A TIE. BUT I THINK THAT
THE.
THERE SOME OPPORTUNITY FOR
CROSS EDUCATION OF HER CROSS
EXCHANGE OF IDEAS AND AND.
PRACTICES.
AND ARE ABSOLUTELY IT'S IT'S
IT'S A VERY GREEN COUNTRY AND
WHAT'S TO COME CONTINUE BEING AN
ORGANIC. ORGANICALLY PRODUCED
COUNTRY.
SO.
CAN I ENCOURAGE IT.
AND TODAY IS THE ACTUAL I GUESS
THE ACTUAL THIRTIETH ANNIVERSARY
OF SOME GREAT. WHEN WE SET THE
HEARING DATE I DON'T THINK WE
WERE.
A WINNER PLANNING THAT TO MAKE
THAT. PIECE BUT IT SORT OF GIVES
TODAY EVEN MORE. IMPACT I THINK.
AND MORE RESONANCE.
SO THANK YOU FOR THAT MATTER
SEVEN THINK.
YET YOU JUST QUICK COMMENT LIKE
I DON'T LIKE TOMATOES BUT I HATE
IT WHEN I'M IN OUR SOCKS.
YES TOMATOES IN THE WORLD EVEN
BETTER THAN NEW JERSEY.
BOB.
SIMONI.
AND I'VE.
HORRIBLE FOR WHAT.
YOU AND YOUR FAMILY WENT THROUGH
AND AND AND AND AL THOSE AND I
GOT TO I'VE BEEN SO I'VE HAD THE
OPPORTUNITY AND HONOR TO TWICE
CODE OUR SOCKS. AND.
THE FEELING THAT THE LOVE OF
FREEDOM IS PALPABLE.
BECAUSE THEY LIVE.
EVERY DAY UNDER DURESS INSIDE
THE LAST TIME WAS THERE WHICH
WAS.
LAST OCTOBER. WENT AND VISITED
SOME ARMY BARRACKS SAID TO MEET
THE TROOPS. AND THEIR EIGHTEEN
NINETEEN TWENTY YEAR OLD. YOUNG
MAN. THEY'RE RISKING THEIR LIVES
EVERY DAY AND I HAVE TO GO TO GO
TO THE FRONT LINES BECAUSE I
WANT TO SEE IT AND THEY SAY WILL.
BE SOMEWHAT LESS BALL YOU GOT
BUT THEN THEY WERE THEY WERE
THEY WANT US TO GO SO IF I SAY
YEAH WE DON'T WE DON'T NEED TO
GO BACK.
WE GOT TO CONTINUE TO TELL YOUR
STORY SURE THE WORLD. SHARE THIS
WITH THE WORLD AND. AND IT'S
IMPORTANT THAT WE LEARN THESE
LESSONS BECAUSE WE DON'T WANT
PROGRAMS ANYWHERE. AFRAID FOR
ANY PEOPLE GROUP AND SO I WANNA
THANK YOU FOR WHAT YOU DO AND.
WISH YOU COULD LUCK ON ALL YOUR
FUTURE ENDEAVORS. GIVE VERY MUCH
FOR YOUR SUPPORT AND AND AND TO
HAVE FOR HAVING THE OPPORTUNITY
TO SPEAK HERE. IN THE HEART OF
CALIFORNIA THINKING THANK YOU
FOR TAKING THE TIME TO COMMENT
PLEASE HAVE A SAFE JOURNEY AS
SHE TRAVELED BACK TO THANK YOU
THANK YOU.
.
OUR NEXT ITEM IS WE'RE GOING TO
BE DISCUSSING. THE MEMORY OF
POTENTIAL MEMORANDUM OF
UNDERSTANDING BETWEEN
CALIFORNIAN ARMENIAN. ARMY AND
WE HAVE TO FOLKS IF YOU WOULD
COME ON UP WE HAVE.
GORDON HINCKLEY AND VALERIE
MAKE STORY ON. AND OFF GIVE YOU
A LITTLE BIO ON EACH OF THEM
EACH OF YOU COULD COME ON UP SIT
BY EACH OTHER.
HOLD ON ONE SECOND. I WANT TO
COME.
COME ON.
I DON'T KNOW HOW YOU ARE GOING
TO BUILD UPON THAT EMOTIONAL
TESTIMONY BUT I THINK IT SETS
THE STAGE OF WHY IT'S IMPORTANT
FOR CALIFORNIA. AN ARMENIAN ARE
TOUGH TO WORK TOGETHER SO MISTER
HINCKLEY.
ANKLE IS THE SENIOR VICE
PRESIDENT OF GOLD IN CALIFORNIA.
FOR THE CENTER AND HEADS A
GLOBAL OPERATIONS INCLUDING
MEMBERSHIP RECRUITMENT AN
OVERSIGHT ON SERVICE MANAGEMENT.
HE IS OVERSEAS NUMEROUS SPECIAL
PROGRAMS HIGHLY FOCUSED IN THE
AREA OF FOOD AGRICULTURE
EDUCATION SPORTS MEDIA. AND
ENTERTAINMENT.
IN RECENT YEARS HE HAS HELPED
LEAD NUMEROUS EXECUTIVE LEVEL
TRADE MISSIONS TO CITIES AND
PROVINCES IN CHINA. HE JOINED
GOVERNOR BROWN IN APRIL OF TWO
THOUSAND THIRTEEN.
IN CHINA FIRST STORK MEMORANDUM
OF UNDERSTANDING SIGNING
CEREMONY IN THE CITY OF NON
CHAIN.
WITH CHINA SECRETARY.
SOLIDIFYING PLANTS FROM THE
ASIAN BUSINESS AND CULTURAL
EXCHANGES SO HE BRINGS.
SIGNIFICANT EXPERTISE IN THE
AREA OF AMMO USE WHICH IS ONE OF
THE GOALS OF OUR SELECT
COMMITTEE TO MAKE SURE THAT WE.
FACILITATE THAT AND THEN
SPEAKING FROM.
THE ARMENIAN SIDE WE HAVE.
VALERIE MAKE TO READ NICK NICK
TOLD TO MAKE MONEY ON MAKING
MONEY I. LEARNING A LITTLE BIT
INTO THE VICTIM YEAH RIGHT FACE
THE DEPUTY COUNSEL GENERAL AND
MINISTER.
FROM THE REPUBLIC OF ARMENIA HE
HAS SERVED A LONG TENURE AS A
DIPLOMAT IN VARIOUS CAPACITIES.
AND HE SERVED IN THE MINISTRY OF
FOREIGN AFFAIRS IN ARMENIA WAS
THE HEAD OF THE STATE PROTOCOL
DEPARTMENT THE DIRECTOR OF
EUROPEAN DEPARTMENT. AND RECTOR
OF THE AMERICAN DEPARTMENT THE
DEPUTY COUNSEL GENERAL ALSO
SERVED AS. IN CHARGE OF ARMENIAN
AFFAIRS IN OTTAWA CANADA ACCOUNT
SO GENTLE OF ARMENIA IN BRAZIL
AND HEAD OF FOREIGN RELATIONS SO
BETWEEN THE TWO GENTLEMEN WE
HAVE A TREMENDOUS.
DIPLOMATIC IN WORLD EXPERIENCE
IN. LOOKING FOR HERE WE HAVE TO
SAY ABOUT THE THE IMPORTANCE OF
AMMO USE BETWEEN CALIFORNIA AND
OTHER COUNTRIES SO THANK YOU.
THANK YOU CHAIRMAN PORTS AND
TINA AND SENATOR WELL CUTS IN
HONOR TO BE HERE TODAY AND TO
SHARE A LITTLE BIT ABOUT OUR
EXPERIENCE WITH DEMO USE
INTERNATIONALLY. AND.
AS YOU MENTIONED JUST FOR MY
BIO ON WE HAD THE PLEASURE
ACTUALLY TO FORM AS A PLATFORM
OUT OF ANIMAL YOU. TO OUR VERY ASIAN SHIP. AND ESPECIALLY IN
THE.
THE ASIAN CULTURES. I'M GONNA
SPEAK PRIMARILY FROM MY
EXPERIENCES IN CHINA AND
HOPEFULLY YOU'LL GET SOME KIND
OF A UNDERSTANDING HOW MIGHT
THAT. BENEFIT IN ARMENIA AS WELL.
BUT FOR US IT IT'S REALLY THE
FIRST STEP THAT YOU TAKE IN
GETTING TO KNOW ONE ANOTHER AND
IT'S A IT'S A COMMITMENT TO WORK
TO WANT TO GROW IN UNDERSTANDING
AND RELATIONSHIP. US WE'VE HAD
THE PLEASURE TO NOT ONLY.
TAKE PART IN THE ONE IN JUNK
SUIT TO HELP BUILD A SISTER
STATE RELATIONSHIP. BETWEEN
CALIFORNIA AND THE JOHNS WHO
PROVINCE BUT ALSO IN SICHUAN.
IN JUST EARLIER.
JUST AT THE END OF LAST YEAR
ACTUALLY WE WE DID HOUSE
GOVERNOR BROWN FOR SECOND TRIP
TO CHINA. AND HE GOT TO SEE THE
FRUITS OF KIND OF OUR STARTING
POINT TO WHERE WE'VE COME IN
JUST THAT FIVE YEAR PERIOD.
THAT'S BEEN TREMENDOUS WE'VE
HELPED ON A NUMBER OF EFFORTS OF
OF BUSINESS IS FROM THE STATE OF
CALIFORNIA TO GET A FOOTHOLD
INTO CHINA MARKETS. TO DEVELOP
RELATIONSHIPS TO GET THE
GOVERNMENT CONNECTION THAT THEY
NEED TO BE SUCCESSFUL TO TAKE IT
INROADS INTO CHINA MARKETS AND
HAVE AN UNDERSTANDING OF WHAT OF
HOW TO CONDUCT BUSINESS. AND
THAT THE CULTURAL UNDERSTANDING
THAT HELPS TO CREATE SO SO FROM
OUR STANDPOINT IT WILL YOU OF
PROCESS IS EXTREMELY IMPORTANT.
WE WOULD DEFINITELY TO SEE THAT
FLOURISH IN OTHER AREAS AROUND
THE GLOBE. OUT FROM OUR STATE
AND IN SICHUAN FOR EXAMPLE WE
HAVE ARE ACTUALLY BUILT.
OUR OWN OFFICE THERE IN THE IN
THE CITY OF CAN DO.
WE'VE HAD INCREASED TRADE AND
AGRICULTURE AND.
CLEAN TECHNOLOGY.
ONE OF THE MAIN AREAS OF FOCUS
THAT WE'VE HAD. IN RECENT MONTHS
HAS BEEN INCREASED.
EXCHANGE IN EDUCATIONAL
EXCHANGES WELL BRINGING
EXECUTIVES OVER FROM CHINA TO
TRAIN HERE. AND ALSO BRING
DELEGATIONS OF BOTH POLITICAL
AND BUSINESS TO CHINA TO SEE
WHAT ARE THOSE OPPORTUNITIES
THAT EXIST. SO OF THE MOU
PROCESSES AGAIN VITAL TO WHAT WE
DO.
WE ALSO HAVE HAVE WORKED ON A
FEDERAL LEVEL THE FEDERAL LEVEL
TO CREATE MO YEARS.
RECENTLY WITH THE US DEPARTMENT
COMMERCE WE WERE INVOLVED IN
HELPING DEVELOP IN MILIEU FOR
ACCEPTING TRADE FOR THE US. AND
ALSO ON A WORKING WITH THE
BUSINESSES DIRECTLY WITH CITIES
A ONE ONE GREAT EXAMPLE TO GIVE
HERE IN THE SECOND IN A REGION.
IS A A BIOTECH COMPANY THAT'S
NOW FLOURISHING IN CHINA HELPING
TO.
TO DO CANCER EARLY CANCER
DETECTION IN CHINA AND TAKING
OUR TECHNOLOGY OVER OVER TO
CHINA TO HELP YOU KNOW TO DO
THAT EARLY DETECTION OF OF
CANCER. AND THAT WAS ALL PART OF
THE EFFORTS THAT THE RESULTED
FROM THAT EARLIER ANIMAL YOU
WOULD JUNK SUE THE GOVERNMENT
HAS A HAS A TRUST. IN OUR
RELATIONSHIPS WHEN WE INTRODUCE
A NEW PARTY O AN ENTITY WHETHER
THAT'S A GOVERNMENT OFFICIAL OR
WHETHER THAT'S A BUSINESS OR A
LOOP IF IT'S A NON PROFIT EVEN
OUR CHAMBERS. ON THEIR THEIR
RECEPTIVE TO HEAR THEM TO MEET
THEM TO GET TO KNOW THEM.
SO AGAIN LIKE I CAN'T UNDER
UNDER STATE DID THE VALUEOF THE
MO YOU PROCESS AND WHAT WE'VE
SEEN FROM IT WE'VE BENEFITED
FROM IT AND WE CONTINUE. TO HELP
ESTABLISH THOSE KIND OF FRIENDLY
RELATIONSHIPS OUR NEXT BIG
EFFORTS TO DEVELOP AND ANOTHER
IN MILLION CHINA IS GOING TO BE
IN THE HUNAN PROVINCE WERE
ACTUALLY. WORKING IN SPORTS NOW
IN ENTERTAINMENT OF BRINGING A
BASKETBALL AND OTHER OTHER
ENTERTAINMENT TYPE F ACTIVITIES
INTO THE CHINA MARKET FOR FAN
FEST. AND HELPS HELPS OUR
CALIFORNIA BUSINESSES THRIVE DID
THEY GAIN A FOOTHOLD IN
INTERNATIONAL MARKETS. AND
THAT'S EXCITING TO SEE.
THANK YOU FOR.
YEAH.
YOU EACH HAVE YOUR OWN.
ONE OF THOSE SENATORS SHOULD ME
ONE SECOND I DO WANT TO POINT
OUT THAT WE'VE BEEN JOINED BY
SENATOR VAN ALLEN.
LOU FROM SANTA MONICA WHO IS
HERE TO.
.
YOU WANT TO SAY THAT I'M VERY
PLEASED TO BE YOUR EYE AND FORGE
AND I CAN ONLY BE HERE FOR A
LITTLE BIT OF TIME SO DON'T FLAT
PLEASE DON'T I TAKE. MY
DEPARTURE AT. YOU KNOW THE WRONG
WAY BUT I BASICALLY WANT TO BE
HERE AND AND AND FAMILIARIZE
MYSELF WITH THE ISSUES AT PLAY
HERE AND I'VE BEEN. REVIEWING
THE PACK AND I JUST WANT TO
THANK THE CHAIR FOR. INVITING ME
TO THIS IMPORTANT HEARING.
YES HONORABLE SENATORS
DISTINGUISHED GUESTS LADIES AND
GENTLEMAN. BECAUSE THAT WILL
ALLOW ME TO WELCOME. YOU ON
BEHALF OF MY GOVERNMENT AND
EXPRESS OUR DEEP APPRECIATION
FOR ORGANIZING THE SHARING
PUBLIC HEARING OF THE STATE
SENATE SELECT COMMITTEE. ON
CALIFORNIA ARMENIA AND OUTSIDE
ME SHOW TRADE ON A CULTURAL
EXCHANGE WHICH CALLS ACTUALLY TO
REINVIGORATE TRADE WITH I MEAN
YEAH. THROUGH THE ESTABLISHMENT
OF A MEMORANDUM OF UNDERSTANDING
AND THE SUBSEQUENT TO RE
ESTABLISHMENT OR TRADE OFFICE.
THAT EXISTED LONG AGO SOME FIFTY
YEARS AGO.
MYSELF ON THIS OPPORTUNITY I
WOULD LIKE TO PERSONALLY THANK
SENATE MEMBERS GENERAL BY
NOTHING BUT I DO KNOW DONE
ALMOST GOD WILLING. FOR THE
AVERAGE TO PUT THE BALL STUCK
CALIFORNIA ANY MEDIA. DIALOGUE
AND TRADE RELATIONS IN THE
CONTEXT OF THE EYE LEVEL
POLITICAL RELATIONSHIP DOES NOT
HAPPEN EXIST BETWEEN ARMENIA.
AND DO NOT STAGE OF AMERICA AS
WELL AS IN THE LINE OF THE
POLICY OF DIVERSIFICATION OFORI
MARKETS WHICH IS PURSUED BY OUR
RESPECTIVE GOVERNMENTS. I WOULD
ALSO LIKE TO THANK VICE
PRESIDENT OF CALIFORNIA CENTER
GLOBAL OPERATIONS TO GO TO
NICKEL. WHO WITH HIS EXTENSIVE
EXPERIENCE IN THIS FIELD BANK OF
COLLABORATION AT THE
INTERNATIONAL LEVEL?
PRESENTED THE SPEED ISSUE OF
SIGNING A MEMORANDUM F
UNDERSTANDING WHY NO TRAINER AND
NOT AS BIG AS.
FOR EXAMPLE THERE.
BRIDGES BUT I MEAN HE HAS GOT
HIS OWN SPECIFICS AND.
BILATERAL. TRADE AND INCREASE
OUR TRADE MIGHT BE. OF GREAT.
VALUE TO BOTH SIDES.
DUE TO ITS ENORMOUS POTENTIAL.
AND EXISTENCE SO VIBRANT
ARMENIAN AMERICAN COMMUNITY
CALIFORNIA HAS BEEN A POINT OF
FOCUS FOR THE REPUBLICAN MEDIA
IN LINE OF FOG DEVELOPING WHAT
SCALE BILATERAL. ECONOMIC
BUSINESS THREAD AND CULTURAL
TIES.
FROM HIS HOME TO THE LARGEST I
MEAN COMMUNITY OUTSIDE I MEDIA.
AND WE ARE REALLY TAKE PRIDE IN
THE REMARKABLE ACHIEVEMENTS OF
THE ARMENIAN AMERICAN COMMUNITY
AND THE ROLE THEY PLAY IT DOES
THAT CONTINUES TO PLAY YOU
SHOULD READ THE POLITICAL.
ECONOMIC SOCIAL AND CULTURAL
LANDSCAPE OF THE STATE OF
CALIFORNIA.
ALL PEOPLE ARE GRATEFUL FOR THE
ASSISTANCE PROVIDED BY THEN I
STAGED A MEDIA IMMEDIATELY AFTER
WE REGAINED OUR INDEPENDENCE IN
NINETY ONE. AND SUPPORT IN
ALWAYS STRIVE TO BUILD A
DEMOCRATIC AND PROSPEROUS
COUNTRY. BILATERAL FRIENDLY TIES
HAVE EVOLVED THE NECESSITY FOR
GREATER INTERACTIONS BETWEEN OUR
TWO GOVERNMENTS AND ECONOMIC
ESTABLISHMENT WHICH ACTUALLY
TOOK PLACE DURING THESE LAST TWO
DECADES.
THE NATURE OF BILATERAL ECONOMIC
TIES BETWEEN CALIFORNIA AND I
MEAN AS YOU SEE IT HAS NOT BEEN
STATIC. THE FIRST DOCUMENT OF
COOPERATION. BETWEEN CALIFORNIA
AND ARMENIA WAS THE MEMORANDUM
OF UNDERSTANDING SIGNED BACK IN
NOVEMBER TWO THOUSAND ONE BUT
THAT THEN GOVERNOR OF CALIFORNIA
HONORABLE GRAY DAVIS.
AND THAT WAS THE FIRST TIME
ACTUALLY THAT THE GOVERNOR.
FORMALIZED THE TRADE RELATIONS
THAT THE.
EXISTED BETWEEN CALIFORNIA AND
THE REPUBLIC OF ARMENIA.
THE SIGNING OF THE MEMORANDUM OF
UNDERSTANDING WAS AN IMPORTANT
MILESTONE.
IN.
.
IN BUSH STINK UP THE RATES TO
GREAT EXTENT BECAUSE. EVEN NOW
TODAY WE FEEL THAT THERE IS
STILL PLENTY OF ROOM TO EXPAND.
AND.
TRADE BENEFITS YOU KNOW ALL
SIDES AND INCREASED EXPORTS FROM
MY MEDIA WAS DOING THAT DAY ME
AN ECONOMY IT IS STRAINED. AND
INCREASED THE DEMAND FOR QUALITY
WHICH IS VERY IMPORTANT AND AT
THE SAME TIME.
THE SAME PROCESS WILL TAKE
PLACE WITH THE AMERICAN PRODUCTS.
I WOULD LIKE TO MENTION ONLY THE
LAST.
.
CONCERNING TWO THOUSAND TO AND
I SIXTEEN AND SEVENTEEN AS FAR
AS TRADE TURNOVER BETWEEN BOTH
SIDES I MEAN NOT ONLY CALIFORNIA
BY UNITED STATES AND I MEDIA. IS
CONSENSUAL. TRADE TURNOVER
SHOWING INCREASE OF THIRTY FIVE
PERCENT DURING THE LAST ONE YOU
ALL DAY. SO THE GENERAL WEARING
TWO THOUSAND SIXTEEN WAS.
ALMOST EIGHTY SEVEN MILLION
DOLLARS. THAT'S WHY I'M TELLING
THAT THERE IS A. PLACE IN THE
ROOM TO EXPAND THIS AND IN TWO
THOUSAND SEVENTEEN THE FIRST TEN
MONTHS IT WENT UP TO ONE HUNDRED
AND TWENTY FIVE MILLION DOLLARS
WHICH IS OPPOSITE DENTED IN OUR.
TRADE RELATIONS WITH THE.
CALIFORNIA TONIGHT STATES ARE
MEAN. AND THE REPUBLIC OF
ARMENIA TODAY ARMENIA IS.
THE THRESHOLD OF A NEW ERA OF
BOLD REFORMS IT'LL WESTERN BUT
YOU GOT TO THE PARLIAMENTARY
SYSTEM OF GOVERNANCE WE SUPPOSE
IS MUCH MORE DEMOCRATIC
PROCESSES. AND.
RE ENFORCEMENT OF THE CIVIL
SOCIETY. TO WHICH WOULD BE A
GREAT IMPORTANCE AND.
THESE BOLD REFORMS A
SIGNIFICANT ECONOMY GROWERS ARE
THERE AND ARE IMPORTANT MARKETS
THAT WE SO YOU KNOW I MEAN IF A
LOCAL COMPANIES TO CONQUER AS
WELL AS GREAT OPPORTUNITIES FOR
FOREIGN COUNTRIES. TO.
UP TO GET AN ACCESS TO MAJOR
REGIONAL MARKETS BESIDES OUR I
MEAN YEAH AS A PRUDENT
MACROECONOMIC POLICY FRAMEWORK
IN PLACE. AND IS CHARACTERIZED
BY A STABLE WORLD MACROECONOMIC
ENVIRONMENT IS RECOGNIZED BY
MAJOR INTERNATIONAL
ORGANIZATIONS. I WOULD LIKE ALSO
TO MEASURE THAT I MEAN CURRENTLY
GEORGE THE GENERALIZED SYSTEM OF
PREFERENCES GSP BENEFICIARY
STATUS WELL THE UNITED STATES TO
REGIONAL MARKETS. AND VIEWS
CALIFORNIA AS A UNIQUE AND
IMPORTANT MARKET. I MEAN IT
TODAY JUST AS READY AS A
RELIABLE PARTNER. MUTUALLY
ADVANTAGEOUS COOPERATION.
WE WILL SIXTEEN CREE SEPARATE
UNIT IS TO FORGE YOUR BUSINESS
RELATIONSHIPS.
AND THIS MISTER ANKLE MENTIONED
DURING THE LODGE AND.
TO.
REMOTE EXCHANGE OF BILATERAL
TRADE DELEGATIONS AND
COOPERATION BETWEEN DIFFERENT
AGES IS A GREAT RECORD IS
NATURAL FOR CONSTRUCTING SUCH.
LINKAGES AND COOPERATION. SO.
THE MEMORANDUM OF UNDERSTANDING.
IT INVOLVES A GENERAL MECHANISM
FOR THE CALIBRATION INCLUDING
THE DEVELOPMENT OF JOINT
PROGRAMS IN THERE IS MUTUAL
INTEREST. HONORABLE GOVERNOR
JERRY BROWN DID EXPRESS HIS
UNEQUIVOCAL SUPPORT TO THIS
MEMORANDUM DURING HIS MEETING
WITH ARMY AS DEPUTY PRIME
MINISTER LAST YEAR. IN THE
GOVERNOR'S OFFICE IS NOT
FRANCISCO. THE STRENGTH OF YOUR
SIMULATIONS IS BASED ON THE
SHARED VALUES. AND COMMON VISION
FOR A SECURE WALLS AND A FIVE
LIST ECONOMIC OPERATION THAT
WILL BENEFIT ALL THE SITES. THAT
IS AN ESSENTIAL PREREQUISITE
ALLOWS ACCESS TO PROVIDE BETTER
ENVIRONMENT FOR ALL PEOPLE STILL
LIVING THANK YOU. THANK YOU.
.
I TAKE IT YOU HAVE A QUESTION.
OKAY.
RIGHT NOW.
BY ACTUALLY WAS THERE IN TWO
THOUSAND ONE WHEN THE DOCUMENT
WAS SIGNED A I DON'T KNOW IF YOU
GENTLEMEN I WOULD JACK SCOTT
AUTHORED THE TRADEOFF YES YEAH.
SCHOOL IN.
I WISH THE MAYOR OF LOCKING OUT
AT THE TIME WHEN I WAS AT THE
CEREMONY.
WHEN I HAVE IT ON VIDEO TO. DVD
ACTUALLY HAVE IT ON. CASSETTE.
BUT IT WAS EXCITING.
RIGHT AND FROM YOUR EXPERIENCE
THE TRADE OFFICE MADE A
DIFFERENCE BOTH FOR CALIFORNIA
AND ARMENIA RIGHT. I MEAN ANY
PARTICULAR. THINGS YOU WANT TO
HIGHLIGHT FROM THAT SORT OF TWO
THOUSAND ONE UNTIL GOVERNOR
SCHWARZENEGGER BILL THEY WHERE
GREAT CHANGES AS I MENTIONED TO
SPECIAL DISCO TRAIT. AND.
BENEFITS MIGHT BE MUCH MORE NOW
WHEN NOW THAT THERE IS AN
EXPRESSION OF TRADE FIRST OF ALL
AND BESIDES ARMENIA IS PHASED
OUT MANY. MANY STAGES OF
ECONOMIC DEVELOPMENT AND.
THE THAT A MORE FAVORABLE
BUSINESS ENVIRONMENT CONDITIONS
WE SEE.
WHERE THE SOLUTION OF THE
PROBLEM OF ATTRACTING BECAUSE
INVESTMENT OF CLOSE TO THE REAL
SECTOR THE ECONOMY MIGHT BE
GREAT FOR THE UNITED STATES
BASED COMPANIES?
NO THE FIFTIES EXPRESSION OF THE
EXPORT ORIENTED POLICY OF THE
REPUBLIC OF ARMENIA WHICH IS
VERY IMPORTANT. BECAUSE AS I
MENTIONED THE FIGURES ALMOST ARE
EQUAL AND AS FAR AS.
BILATERAL TURNOVER OF GREAT.
IS CONCERNED SO THAT STATES.
EXPORTS.
ALMOST THE SAME AMOUNT OF.
NOW WHICH IN PRODUCTS S..
THE I MEAN A REPUBLIC ACTUALLY.
EXPOSED TO THE NEXT STAGE SO
THERE THERE IS MUCH ROOM TO
EXPAND ON BOTH OF THESE TO
BENEFIT THE THEN EDITOR SOCIETY
SAID THE TWO OF US SO PEOPLE
HERE. I MEAN CALIFORNIA
INTERNATIONAL GENERAL AND THEIR
PUBLIC REMEMBER THE TOP PRODUCTS
WHO IS A TOP PRICE PRODUCTS
PRODUCTS ITEMS SOLD PRODUCTS
THAT YOU KNOW MANDATES EVERY
PRODUCT AND PROCESS AGAIN
HISTORY WHICH IS?
WELL DEVELOPED GONNA MEDIA
BESIDES.
WE HAVE FUN.
AND IT SECTOR WHICH IS GROWING
VERY FAST AND THIS IS A OF ONE
OF THE.
ACCORDING TO DO SO AND I JUST
ONE OF THE LEADERS OF REGIONAL
KYLE REGIONAL COUNTRIES THEY
WENT THROUGH FORMER SOVIET UNION
COUNTRIES. SO AS I MENTIONED
BACK IN TWO THOUSAND THE IT
SECTOR BECAME ONE OF THE
PRIORITY DIRECTIONS. OF WHAT THE
DEVELOPMENT OF A MUSICAL MAYBE
IN RECENT YEARS. I'VE BEEN HERE
HAS MADE SIGNIFICANT PROGRESS
AND WE HAVE.
CONSTANTLY AND PERMANENTLY.
OPERATING YOU KNOW WAS THE
EXHIBITION AND NICE CYNICAL
DAILY HERE WHICH BLUSTER MEDIA
THAT WAY OF NECESSARY PRIVILEGES
AND POTENTIAL TO BECOME A
REGIONAL CENTER AND WE HAVE DONE
ALREADY WE BECOME REGIONAL UP.
AT A SIGNIFICANTLY IN THIS FIELD
AT THE INTERNATIONAL LEVEL.
ALONE GOT ME AS COMPETITIVE
ADVANTAGES AMONG.
IN THE IT INDUSTRY I WOULD LIKE
TO A PARTICULAR MISSION DAVID
THE BILLY JOEL RESEARCH CAPACITY
WHICH MIGHT BE.
THROUGH SHARING INFORMATION%
BETWEEN THE TWO SIDES IN
ENGINEERING COMPUTER SCIENCE
PHYSICS AND MATHEMATICS. OF
PROMINENT PROFESSIONAL RESPECT
NICKEL SKILLS THAT EXPRESSION I
WOULD LIKE THE ENGLISH
PROFICIENCY WHICH IS VERY
CHARACTERISTIC GO I MEAN ENOUGH
FOR TODAY. THEY SPEAK ENGLISH
DAY BUT THEY CAN IS THE COMEDY
KATE WITH AN INTERNATIONAL
PARTNER AND WHERE MUSIC IS.
IN COOPERATION WITH THE BIG
SUPERNATURAL COMPANIES. SUCH AS
FOR EXAMPLE.
ORACLE.
.
THEN.
SYNOPSIS MENTOR GRAPHICS THE.
THE NATIONAL INSTRUMENTS. WHICH
IS VERY IMPORTANT SO BUT THERE
ARE A LOT OF START UP COMPANIES
THAT ARE. NOT ALWAYS
SUCCESSFULLY OPERATED ON MEDIA
AND IT AS WELL AS HIGH
TECHNOLOGY I CONSIDER TO BE A
TOP PRIORITIES ALONG WITH THE
AGRICULTURE AND PROCESSING
INDUSTRY AS WELL AS.
TORIES.
THAN.
HOSPITALITY ACTUALLY ALONG WITH
HIS NAME IN THE TOURISM INDUSTRY
SUCH.
PHARMACEUTICALS.
I MEAN IS IN THE FRONT LINE OFF
YOU KNOW FOR A.
THE NEW TECHNOLOGY.
PRODUCTION OF. A GAME OF.
MEDICINES THAT PHARMACEUTICALS
AS WELL AS.
.
DO YOU BLENDED YOU. AND.
IBM MIGHT TO GAIN MUCH. OF THE
RESEARCH. WITHOUT THE ABUSES
SPECIALLY SOLAR ENERGY
DEVELOPMENT AND.
RENEWABLE ENERGY IN.
WIND ENERGY WHICH ARE VERY
IMPORTANT.
WHICH IS VERY IMPORTANT BECAUSE
WE WANT TO SUBSTITUTE OUR
EXISTING ATOMIC BLAST STATION
WITH THE.
NEW SOURCES ALTERNATIVE SOURCES
OF ENERGY MUCH SAFER THAT EXIST
TODAY.
THE PRIME MINISTER WAS HERE IN
THE MEETING WITH GOVERNOR BROWN
TO SIGN THE AMMO YOU ON THE
CLIMATE OF COURT.
SO OUR MEDIA IN CALIFORNIA.
HAVE A MINUTE YOU DON'T HAVE
THAT IN PLACE ON GREEN ENERGY
AND GREEN TECHNOLOGY SO THAT
THAT WAS THE. THAT WAS THE
GENESIS OF THAT MEETING.
SO AND IN TERMS IT SO ALL I WAS
THERE LAST OCTOBER IN IN THE
TIME BEFORE THAT WAS FOUR YEARS
EARLIER IT SEEMS TO ME THAT MORE
PEOPLE WERE SPEAKING ENGLISH
THIS THIS TIME THAN LAST TIME.
WITH THAT JUST BY HAPPENSTANCE.
OUR THERE ARE. ARMENIANS
STUDENTS LEARNING ENGLISH IN
SCHOOL NOW SUCCESS AND
INTERNATIONAL LANGUAGE FOR
BUSINESS SOLELY DUE TO NATIONAL
LANGUAGE SECOND THE ARMY BELONGS
TO EUROPE WITH THESE VALUES
HUMAN VENDOR SABLE WISHING WE
SHARE THE SAME BODY SHOULD
EUROPEAN COUNTRIES DO I MEAN NOT
ONLY. IS THE EUROPEAN. WHICH
EUROPEAN COUNTRIES.
RECENTLY NO WE SIGNED A
COOPERATION OF A.
MEMBER OF THE COMPETITION WITH
EUROPEAN UNION.
NEW ONE THAT IS THE WAY FOR.
MISSION TO BENEFICIAL
COOPERATION IN ALL FIELDS. BY
THE WAY EUROPEAN UNION IS.
THE MAIN PART NOT TREAT BUT
KNOWING MEDIA.
NOT ANY OTHER REGION ALSO TRADE
WITH THE FUNNIEST AND DATE.
NEW RESPECT THE THE THE SAME
WELL WE CAN SAY ABOUT THE
BOREDOM THAT.
SIXTY CHILDREN ALSO SPECIALLY.
IN PARTNERSHIP WITH THE EUROPEAN
COUNTRIES RECITES.
BY ME IS.
I MEAN YOU KNOW ENGLISH IS
CONSIDERED TO BE THE ONE.
THE SECOND LIGHT WHICH I MIGHT
SAY THERE ARE SPECIALIZED
SCHOOLS.
WRESTLERS LANGUAGES ARE
CHRISTIAN FOR EXAMPLE ENGLISH
ARE AND IT'S.
FRAGILE AND IT.
REGULATORY ADDED OR PREPARATION
ORIENTED TOWARDS SOMETHING A LOT
BUT MAINLY THEY ARE ENGLISH
SPEAKING.
SCHOOL SEXUALLY WITH SUBJECTS
ARE BEING TAUGHT IN ENGLISH I
MEAN GEOGRAPHY.
HISTORY ESPECIALLY HISTORY OF
FOREIGN COUNTRIES WHILE.
ALONG WITH THE ARMY AND
ACTUALLY I LANGUAGES ARE SO IT'S.
THERE A LOT ESPECIALLY SOCIALLY
AMONG THE YOUNGER GENERATION.
DOLLAR VERY EAGER TO STUDY
ENGLISH THEY AFFLECK AND WE CAN
DO IS PROFICIENCY AND DO NOT
HAVE ANY DIFFICULTY TO COOPERATE
WITH THE COMPANIES ESPECIALLY.
US COMPANIES THAT MAKE SPECIAL
ORDERS TO THOSE COMPANIES I MEAN
IN THE IT SECTOR TO. CONDUCT
RESEARCH AND PREPARE US SOFTWARE
THEY JUST WANNA STRIP OF THE
AMERICAN COMPANIES TO OPERATE.
GUIDE TO OUR WHEN I WAS THERE
LAST OCTOBER I TURN TOWARDS
SYNOPSIS AND.
ALSO HE'S RUNNING DOWN ONE OF
THE LEADING ONES HALF RIGHT.
LIKE SEVEN HUNDRED ENGINEERS IN
THAT BUILDING IS PRETTY
INCREDIBLE AND ONLY THAT. YEAH
YEAH YEAH.
SO SOME AMMO USE ARE THEY ARE
THEY BROAD OR THE NARROW FOR YOU
TO START WITH A BROAD FRAMEWORK
AND THEN YOU DO SPECIALIZE IN MY
USE HOW HOW DOES THAT WORK YANK
IT IS A WIDE RANGING IN
TYPICALLY WE START AT A BROAD
RANGE ESPECIALLY FOR DOING AT.
THE GOVERNMENT LEVEL ON BUT.
OUR OUR EXPERIENCES BEEN DAY
ONCE YOU WANT YOU CAN NARROW
DOWN SOME SPECIFIC AREAS YOU
WANT TO WORK TOGETHER. THAT
LEAVES OUR OUR EXPERIENCE HAS
BEEN THAT THEY'RE THEY'RE VERY
SPECIFIC TO WANT TO MEET. THE
DEMANDS ARE THE THE FOLLOW UP ON
THOSE AREAS SO WHETHER YOU
WHETHER YOU'RE PINPOINTING CLEAN
ENERGY OR AGRICULTURE OR OR VERY
STUCK KNOWLEDGE EASE.
THAT YOU WOULD THAT YOU'RE
LOOKING TO PROMOTE THAT TRADE
THEN I THINK THE EMAIL YOU
PROCESS DOES HELP TO TO REALLY
KEEP ON ON TRACK. AND A ONE
THING THE THE WE'VE ALSO SEEN
FROM THE RE ESTABLISHMENT THE
TRADE OFFICE IN CHINA. IS THAT
YEAH I THINK THE STATE HAS DONE
A MUCH BETTER JOB DISCOLORATION
ESSES. GET INTO THE NITTY GRITTY
ON THE GROUND NEGOTIATIONS THAT
ARE TRYING TO FORCE THE TRADE
LETTING THE THE BUSINESSES
CONNECT AND JUST REALLY PUT IN
THOSE BUSINESS TOGETHER WITH
THEIR COUNTERPARTS ON THE CHINA
SIDE. AND THAT'S SOMETHING THAT
YOU KNOW WE WOULD WHEN VICE IS A
HEALTHY THING TO DO. AND IT.
LET THAT THOSE WHO KNOW
BUSINESS CONDUCT THE BUSINESS
AND JUST GIVE THEM THE THE VENUE
AN OPPORTUNE TO ME TEND TO TO
COMMINGLE INTO TO COORDINATE
THOSE THOSE INTERACTIONS
BUSINESS CARVING QUESTION THE
REASON RETIREMENT CHINA'S.
THERE'S A POTENTIAL MODEL FOR A
SIMILAR TYPE CORRECTLY BUT WE
WERE INVITED HERE TODAY JUST TO
SHARE OUR EXPERIENCE WITH THE
BENEFIT OF AMMO USE IN THE CHINA
MARKET. YEAH. RIGHT AND HOW DOES
THE.
SO WE HAVE. A SITTING M. O. U.
WITH CHINA AND WE WITH ISRAEL
WITH ARMENIA IS IS OF THE
VIRTUALLY DON'T HAVE ONE WITH
OUR MEDIA RIGHT NOW. WE HAD WHAT
HE HAD WHEN WE HAD ONE SO I HAD
WE HAD A TRADE OFFICE AND WE HAD
THEM AND WAS IT THE MORE YOU WAS
NOT RENEWED FOR SOME REASON. IT
WAS NOT BLOG ACTUALLY STOP THE.
I BELIEVE IN TWO THOUSAND AND
FIVE IF I MADE A MISTAKE AND IT
WAS NOT RENEWED SO THIS IS.
NOT BITING YOU KNOW PAPER
MEMBER ON HILLARY STANDING AND.
BY AT LEAST A WAY FOR
COORDINATED EFFORTS YOU KNOW IN
PROMOTING GOOD BILATERAL
BUSINESS TRADE CULTURAL TIES
WHATEVER.
AND DURING A RECESSION GOVERNOR
SCHWARZENEGGER DID AWAY WITH THE
TRADE OFFICES WELL RIGHT. YEAH
SO WELL I I'M FIVE TEN YEARS AGO
BUT.
THE JEWISH CAUCUSES BEEN VERY
ACTIVE IN THE AT AND ARGUE THAT
IT CURRENTLY EXISTS FOR THE
STATE OF ISRAEL WHICH I'M I'M
SURE WE'D BE HAPPY TO SHARE SOME.
EXPERIENCES FROM THAT IS WELL
LOOKS LIKE YOU'VE GOT SOME GREAT.
EXAMPLES FROM FROM CHINA BUT.
BUT LET LET'S LET'S CONNECT UP
AND TALK A LITTLE BIT ABOUT THAT
AND AND I KNOW THERE'S A LOT OF
TRADE OFFICE CONVERSATIONS TO
BOTH ABOUT BEIJING MEXICO CITY
RIGHT. ELSEWHERE AND.
NOT ALL MONEY QUESTION I GUESS
YEAH AND. I KNOW YOU RUNNING BUT.
.
WITHIN YOU HAVE ON THERE ARE
SOME HIGH TECH INCUBATORS.
THEY'RE IN GOOD MARIE THERE'S A
WHOLE HIGH TECH CORRIDOR PIXAR
SADDAM IS THERE AND SO. THERE
REALLY IS THIS POTENTIAL. FOR
COMPLEMENTARY RELATIONSHIP
BETWEEN OUR SILICON VALLEY IN
OUR INTELLECTUAL CAPITAL AND AND
AND OUR MEDIA CENTER. IS JUST
SOMETHING THAT WE'RE GOING TO
CONTINUE TO TO TO EXPAND AND AND
AND DRILL DOWN.
SITE ABOUT LYING OR IF I JUST
MADE ME AND I. THINK ACTUALLY
WILL ALL GOVERNMENT ALSO
SENTIENT THEY WERE OFF ON
DECENTRALIZED COMPARISION. SUCH.
WILL CALM KIND OF COOPERATION
EXISTS AS A CITIZEN SISTER CITY.
RELATIONSHIP WHICH NOW BETWEEN
THE DIFFERENCE IT IS FOR EXAMPLE
LOS ANGELES IN JEREMIAH.
PASADENA AND TO GIVE ME WHICH IS
THE SECOND COUNTRY.
THE SECOND LARGEST CITY IN
ARMENIA.
AND SOME OF THE CITY'S COP ON
AS WELL AGAIN WITH US TO DINNER.
SOAP OPERA BUT.
THIS KIND OF AGREEMENT TO BE
SIGNED AT THE HIGHEST LEVEL
BECAUSE.
NOW I BELIEVE THE SIGN WHICH
WILL BE SIGNED BY THE MINISTER
OF FOREIGN AFFAIRS BUT SEES
VISIONS TO BE SIGNED BY THE
PRIME MINISTER. AND.
HONORABLE GOVERNOR SO THAT.
IT MIGHT.
INDEED TO SERVE THE PURPOSE OF
ILLOGIC.
AND PLASTIC UP BY THAT TOO
AFRAID THIS IS SO IS AS.
THAT TOGETHER WITH THE OTHER
BENEFITS ACTION THAT WILL GET
BOTH SIDES.
I MEAN EXCHANGE OF DELEGATIONS
THIS ABOUT SO.
ALSO.
SHARING INFORMATION AND.
RESEARCH WHICH.
WILL BE CONDUCTED ACTUALLY
TRYING TO MAKE.
SEVENTEEN QUESTION. NOW THANK
YOU VERY MUCH AND WE'LL KEEP
EVERYBODY POSTED I KNOW THAT THE
DRAFT AGREEMENT IS BEING
CIRCULATED AND. AND.
THIS IS.
.
VERY HELPFUL IN THANK YOU THANK
YOU LET US KNOW HOW WE CAN HELP
THANK YOU.
ALL RIGHT AS THESE GENTLEMEN.
LEAVE.
.
TO BRING UP OUR NEXT PANEL.
WE HAVE.
JAGDEEP.
BOKER A CHIEF INVESTMENT
OFFICER AND VICE PRESIDENT OF
THE FROM THE UNIVERSITY
CALIFORNIA IS HE HERE.
PLEASE COME UP.
SO WE'LL HAVE YOU PRESENTED
THEM WILL BRING UP OUR THREE
STUDENTS.
AFTER YOU PRESENT.
OKAY THINK AND WHAT I'LL DO IS
I'LL PROBABLY ASK YOU TO MOVE
OVER AND THEN THEY CAN COME UP.
AFTER YOU PERCENT OKAY. BECAUSE
THAT WAY YEAH THAT'S FIND THEM
YOU WILL MOVE YOU HEAR THAT ALL
FOUR OF YOU CAN SEND IF THAT'S
OKAY FANTASTIC.
AND.
HOLONOMY DO YOUR FILE.
HE RESPONSIBLE FOR MANAGING THE
UC PENSION ENDOWMENT SHORT TERM
IN TOTAL RETURN INVESTMENT TOOLS.
YOU REPORT DIRECTLY TO THE
BORDER REGIONS ON INVESTMENT
MATTERS IN THE CHI FINANCIAL
OFFICER ON ADMINISTRATIVE ISSUES.
RELATED TO MANAGING A GROUP OF
MORE THAN SIXTY INVESTMENT
PROFESSIONALS.
BEFORE JOINING YOU SEE YOU WERE
EXECUTIVE VICE PRESIDENT VENTURE
INNOVATION FOR THAT FOR CANADA'S
LARGEST AND MOST DIVERSIFIED
INVESTMENT FUND MANAGER. AND.
PRIORITY PERMISSION OF YEARS
THERE YOU WERE IN JH INVESTMENTS
WE HAVE A LONG DISTINGUISHED
CAREER OF MANAGING OUR MONEY AND
WE'RE EXCITED THAT YOU'RE HERE
TO TELL US ABOUT. THE STATUS OF
THE UNIVERSITY CALIFORNIAN ITS
INVESTMENTS IN TURKEY. SO THANK
YOU.
THANK YOU VERY MUCH SENATOR
PORTENT HIM FOR HAVING THE
CENTER WILL CAN.
BY MISTER MOORE LIKE.
HAND AND DISTINGUISHED MEMBERS
OF.
IN FRONT OF ME HERE TODAY. AND
OF COURSE EVERYONE HERE IN THE
AUDIENCE AS WELL.
IT CERTAINLY HOBBLING
RESPONSIBILITY MANAGE MONEY FOR
ANYONE CERTAINLY FOR THE
UNIVERSITY OF CALIFORNIA. WHICH
IS A GREAT. INSTITUTION HERE FOR
THE STATE OF CALIFORNIA.
IN THE RESPONSIBILITIES THAT I
HAVE AS YOU'VE DESCRIBED LET ME
BEGIN BY SHARING WITH YOU. SORT
OF THE BREATH AND SCOPE OF THE
UNIVERSITY OF CALIFORNIA'S
INVESTMENTS TO PUT. THE SPECIFIC
INVESTMENTS WE HAVE BOTH IN
TURKEY AND IN OUR MEDIA AND
OTHER EMERGING MARKETS IN
CONTEXT FOR YOU.
AS YOU KNOW THE UNIVERSITY OF
CALIFORNIA.
THERE'S TEN CAMPUSES STATEWIDE.
THREE NATIONAL ENERGY LABS. A
VAST ARRAY OF AGRICULTURE
NATURAL RESOURCE CENTERS AND
SCORES FIVE GREAT HOSPITALS AND
MEDICAL CENTERS. THAT ARE PART
OF THE SYSTEM.
AND COLLECTIVELY ON BEHALF OF.
CLOSE TO TWO HUNDRED. SIXTY
FIVE THOUSAND STUDENTS IN ALMOST
THREE THOUSAND FACULTY AND STAFF.
CAN WE HELP MANAGE IN THE
OFFICE OF THE CHIEF INVESTMENT
OFFICER FOR THE UNIVERSITY OF
CALIFORNIA.
THE RETIREMENT ASSETS BOTH THE
DEFINED BENEFIT PLAN AS WELL AS
THE RETIREMENT SAVINGS PROGRAM
WHICH IS A DEFINED CONTRIBUTION
PLAN.
AND THE ENDOWMENT FOR THE
UNIVERSITY OF CALIFORNIA HAS A
SYSTEM.
THE WORKING CAPITAL FOR THE
SYSTEM AS WELL AS THE CAPTIVE
INSURANCE AND COLLECTIVELY
THAT'S ABOUT A HUNDRED AND
EIGHTEEN BILLION DOLLARS. IN
ASSETS AS OF DECEMBER THIRTY
FIRST TWENTY SEVENTEEN.
IN THAT CONTEXT.
AS WE INVEST MONEY.
.
ON BEHALF OF THE REGENTS OF THE
UNIVERSITY OF CALIFORNIA.
OUR RESPONSIBILITY OR THE
RESPONSIBILITY ENTRUSTED IN. OUR
OFFICE MY OFFICE IS TO MAKE SURE
THAT WE HAVE A PORTFOLIO OF
INVESTMENTS THAT IS GLOBAL IN
NATURE.
DIVERSIFIED.
TO MAKE SURE THAT WE'RE
MINIMIZING THE RISK WE TAKE IN
ORDER TO MAXIMIZE THE RETURN WE
CAN EARN.
AND MAINTAINING THE FIDUCIARY
RESPONSIBILITIES OF THE BORDER
REGIONS.
AS A RESULT. ALMOST SEVENTY FIVE
TO EIGHTY PERCENT OF OUR
INVESTMENTS ARE HERE IN THE
UNITED STATES.
OVER TIME AS THE WORLD HAS SEEN
OTHER PARTS. OUTSIDE OF THE US
BECOMING MORE IMPORTANT
ECONOMIES AND GROWING. GLOBALLY
IN IMPORTANCE.
PARTICULARLY WE TALK FREQUENTLY
ABOUT EMERGING MARKETS.
COUNTRIES LIKE INDIA AND CHINA
AND. TURKEY.
ARMENIA AND OTHER COUNTRIES
AROUND THE WORLD.
WE HAVE A RESPONSIBILITY TO ALSO
INVEST GLOBALLY.
AND IN THAT CONTEXT.
TO BE DIVERSIFIED WE ARE
INVESTED IN EMERGING MARKETS FOR
YEARS AGO WHEN I CAME TO THE
OFFICE OF THE CIO.
WE WERE ACTIVELY INVESTING IN
COUNTRIES. AND I MADE A DECISION
TO MOVE AWAY FROM THAT BECAUSE
OF SIMPLY THE TIME AND EFFORT IT
TAKES TO BE. FULLY AWARE OF WHAT
IS GOING ON ALL AROUND THE WORLD
WHEN WE'RE LOCATED HERE IN
CALIFORNIA.
AND WE MOVED TO INVESTING
PASSIVELY TO HAVE A. DIVERSIFIED
PORTFOLIO AROUND THE WORLD SO
THAT WE COULD TAKE ADVANTAGE OF
THE GROWTH IN THE REST OF THE
WORLD.
AND IT'S IN THAT CONTEXT THAT.
OFF THE HUNDRED AND EIGHTEEN
BILLION DOLLARS WE HAVE ABOUT
TWO BILLION DOLLARS THAT ARE IN
EMERGING MARKET DEBT.
INVESTMENTS.
AND OUT OF THAT.
THERE'S ABOUT SEVENTY MILLION TO
SEVENTY ABOUT COST EIGHTY
MILLION DOLLARS IN TURKEY.
AND THERE'S ABOUT THIRTY FIVE
MILLION DOLLARS IN ARMENIA THESE
ARE CHOICES THAT ARE MADE BY.
THIRD PARTIES INDEPENDENTLY THAT
WE INVEST IN THAT GIVE US
EXPOSURE TO THE EMERGING MARKETS.
HIGH IN ORDER TO HELP US BALANCE
OUR RISK AND RETURNS AND
DIVERSIFYING A PORTFOLIO. SETS
THE EXTENT TO WHICH WE HAVE
SPECIFICALLY INVESTMENTS IN
THOSE PARTS OF THE WORLD IN THE
CONTEXT OF HOW WE MANAGE MONEY
ON BEHALF OF THE UNIVERSITY OF
CALIFORNIA.
THERE IS SOMETHING WE DO DO
ACTIVELY.
AND IT'S SOMETHING WE DO.
WITH ARMENIA WE DO IT VERY
CLOSELY IT'S SOMETHING I LEARNED.
WHEN I JOINED FOUR YEARS AGO AS
WELL.
AND IT'S THE FACT THAT.
WE HELP MANAGE THE ENDOWMENT
FOR THE AMERICAN UNIVERSITY OF
ARMENIA.
THAT AND ALMOND WHICH STARTED
OUT IN NINETEEN NINETY ONE WITH
CLOSE TO FIVE.
MILLION DOLLARS FROM THE US AID.
HIS NOW GROWN THROUGH THE
ACTIONS OFF THE OFFICE OF THE
CIO AND EXPLICITLY THE WORK THAT
WE DO AT THE UNIVERSITY OF
CALIFORNIA.
TO THIRTY MILLION DOLLARS.
AND THAT ENDOWMENT COVERS
APPROXIMATELY THIRTY DIFFERENT.
PROGRAMS. THAT WE HELP SUPPORT
THROUGH THE EFFORTS OF THE
ENDOWMENT SO THAT'S SOMETHING
THAT IS AN ACTIVE DECISION. THAT
AT OUR OFFICE EVERY QUARTER WE
GET TOGETHER WITH THE.
BOARD OF TRUSTEES THE AMERICAN
UNIVERSITY OF ARMENIA AND SHARE
WITH THEM HOW THE INVESTMENTS
ARE DOING.
SO IN THE CONTEXT OF EVERYTHING
WE DO.
WELLS WE ARE VERY HEAVILY
INVESTED HERE IN THE UNITED
STATES AND WE HAVE THE
ACCOUNTABILITY AND
RESPONSIBILITY FOR OUR STAKE
HOLDERS OF THE UNIVERSITY OF
CALIFORNIA.
THIS WOULD HAVE BEEN A LESSER
KNOWN FACT THAT WE ARE ALSO THE
ACTIVE INVESTMENT MANAGER FOR
THE AMERICAN UNIVERSITY OF
ARMENIA. THAT IS DOING A
SIGNIFICANT AMOUNT OF WORK TO
HELP EDUCATE THE NEXT GENERATION
OF ARMENIANS. TO HELP FOCUS ON.
PROVIDING OPPORTUNITY TO
DIASPORA ARMENIANS AS WELL AND
IN FACT AS AS EARLY OR AS LATE
AS APRIL OF TWO THOUSAND AND
SEVENTEEN. HIGHLY ORGANIZED.
PROGRAMS TO HELP EMPOWER THE
EDUCATION AND EMPOWERMENT OF
WOMEN AND GIRLS OF ARMENIA SO
THAT'S SOMETHING THAT IS NEAR
AND DEAR TO WHAT WE DO AT THE
OFFICE OF THE CIO. THAT.
CERTAINLY AND SAY ANYTHING.
THAT MIGHT HAVE HIS PREPARED
REMARKS AND I'M HAPPY TO.
TAKE QUESTIONS FROM YOU THANK
YOU FOR THE OPPORTUNITY HERE
TODAY.
BECAUSE I'M SURE THAT.
IS A CPA.
YEAH BUT I'VE ALSO MANAGED TO
SEVEN BILLION DOLLAR INVESTMENT
POOL. SO I.
HE SERVED ON THEIR RETIREMENT
BOARD FOR THE ORANGE COUNTY.
EMPLOYEES CELL THAT WAS WELL
THAT TIME ABOUT A BILLION. FROM.
WITH REGARDS TO THIS PASSIVE
INVESTMENT OF A FOREIGN DEBT. IS
AT A FUND WHERE THERE ARE OTHER
INSTITUTIONAL INVESTORS THAT ARE.
PARTICIPATING WITH YOU.
EXACTLY YES. IT'S A CALL MINGLED
FUND SO IT HAS WE ARE JUST ONE
PARTICIPANT IN THAT FUND IT'S
YOU CAN THINK ABOUT IT LIKE A
MUTUAL FUND THAT RIGHT DOESN'T
MANAGER BY. THIS ONE
SPECIFICALLY IS MANAGED BY
BLACKROCK FOR US. AND AS YOU
KNOW BLACKROCK IS A FAIRLY LARGE
ASSET MANAGER FOR HAVE YOU EVER
TALKED ABOUT DOING AN INDIVIDUAL
ACCOUNT JUST FOR YOU FOR YOUR.
BUT YOU GOT TO BILLION THAT'S A
THAT'S A GOOD ACCOUNT RIGHT FOR
THEM JUST TO MANAGE AND
EVENTUALLY. WE.
WE HAVEN'T HAD THE DISCUSSION
ABOUT HAVING A SEPARATELY
MANAGED ACCOUNT FOR US.
WHERE?
WE WOULD THEN BE. ACTUAL STEP
BACK FOR A SECOND SO.
.
IF WE WERE TO HAVE A SEPARATELY
MANAGED ACCOUNT WITH. A THIRD
PARTY LIKE BLACKROCK.
THAT WOULD IMPLY THAT. WE WOULD
THEN BE MAKING ACTIVE DECISIONS
ABOUT WHAT THEY SHOULD BE
INVESTING ARE NOT INVESTING ON
OUR BEHALF.
THE APPROACH WE'VE TAKEN IS TO
BE PASSIVELY INVESTED IN A
DIVERSIFIED PORTFOLIO AROUND THE
WORLD IN THE EMERGING MARKETS.
SO IN THAT CONTEXT WE FELT IT'S
THE MOST EFFICIENT THING TO BE
IN THE COMMINGLED FUN. NOT TO
INCREASE THE COSTS AND TO SIMPLY
GET EXPOSURE. TO COUNTRIES
EQUALLY LIKE INDIA AND CHINA AND
RUSSIA AND OTHER PARTS OF THE
WORLD NOW MAKES SENSE SO.
.
YOU'RE AN INVESTMENT OFFICER SO
I DON'T WANT TO AS A LEGISLATOR
I WANT TO TELL YOU HOW TO INVEST
BECAUSE AT YOUR JOB.
IF YOU'RE PAID FOR IT AND SO.
I I PERSONALLY HAVING INVESTED
A SIGNIFICANT AMOUNT OF MONEY
MYSELF.
HAVE AN ISSUE WITH DIVESTMENT.
BUT YOU'RE SAYING EVEN IF YOU
WANTED TO DIE PAST YOU'D HAVE TO
CHANGE BASICALLY YOUR.
PHILOSOPHICAL POLICY OF HOW
YOU'RE MANAGING MONEY AND
PASSIVE IS A DECISION OVER
ACTIVE. MANAGEMENT SO I
APPRECIATE THAT I.
IN PICTURES WITH WITH THESE
INVESTMENTS AT BLACKROCK ARE
THEY ARE THEY.
HEDGING OR ARE THEY JUST TAKING
THE FOREIGN CURRENCY RISK.
YES TO THE.
IN OUR FIXED INCOME PORTFOLIO
BROADLY SPEAKING. WE ARE.
U. S. DOMICILE DEBTS SO WE IT
IS ALL HEDGED BACK TO THE US
DOLLAR SO IN THIS CASE
PARTICULARLY. THE EXPOSURE WE
HAVE. IS TO US DOLLARS AND NOT
TO. LOCAL CURRENCIES.
AND THEN.
.
NOW THAT YOU KNOW THIS IS A
TOPIC YES.
.
AND I WANNA TELL YOU HOW TO
MANAGE YOUR MONEY BUT. IF
SOMEONE IS SAYING WE HAVE A
CONCERN WITH THIS MARKET SEGMENT.
IN FOR ME WHEN I WAS INVESTING
WAS JAPANESE BANKS I WAS A BIG
CONCERN WAY BACK.
WAY BACK.
WHAT'S. THE. BEST WAY TO
COMMUNICATE TO THE CIO.
ARE MAYBE OUR CONCERNS YES IS SO
THAT WE DON'T TELL YOU WHAT TO
DO OR NOT TO DO BUT WE. WE KIND
OF SAY YOU KNOW.
MAYBE WE SHOULD. ENCOURAGE YOU
TO. HELP.
KIND OF MAYBE CHANGE THE
HOLDINGS AND REDUCE THEM WHEN
THEY MATURE AND NOT REINVEST.
YOU'RE ABSOLUTELY RIGHT THAT I
MEAN INVESTING IS NOT A. IT'S
NOT A BLACK AND WHITE.
DECISION AND. THE WORLD IS VERY
COMPLICATED THAT WE LIVE IN AN.
AND WHEN WE'RE TAKING RISKS IN
ORDER TO EARN A RETURN THOSE
RISKS FRANKLY SPAN ALL THE WAY
FROM ECONOMIC TOO GEO POLITICAL
ISKS TO. ALL KINDS OF OTHER
CURRENCY RISKS.
COUNTRY RISK.
AND SO AS WE MAKE THOSE
DECISIONS.
TIVOLI.
WE CERTAINLY HAVE TO BE
COGNIZANT OF THE LANDSCAPE OF
RISKS IN WHICH WERE MAKING THOSE
DECISIONS.
AND AND THE WORLD HAS GOTTEN.
MUCH MORE COMPLICATED. EVEN IF
WE DON'T DATED BACK JUST IN THE
LAST FIVE YEARS. TO PUT IT
MILDLY.
SO. ONE OF THE THINGS THAT WE
HAVE DONE.
TO THINK ABOUT THESE ISSUES AS
IT RELATES TO THE INVESTMENT
CHOICES THAT WE'RE MAKING.
IS TO ACKNOWLEDGE THAT.
.
FOR EXAMPLE SUSTAINABLE
INVESTING IS IMPORTANT.
AND IN THAT CONTEXT. WE THINK
ABOUT THESE VARIOUS RISKS.
.
AND SO INSTEAD OF ADOPTING A
POLICY.
TO DIVEST EXPLICITLY FROM EITHER
A COUNTRY OR A COMPANY.
WE'VE ENGAGED IN OUR OFFICE WITH
THE BOARD OF REGENTS THROUGH THE
SUBCOMMITTEE ON INVESTMENTS TO
DEVELOP A SUBSTANTIAL INVESTING
FRAMEWORK.
AND THROUGH THAT FRAMEWORK.
WE LAY OUT A VARIETY OF THINGS
THAT. DON'T NECESSARILY JUST
FOCUS ON CLIMATE CHANGE WHICH IS
NEAR AND DEAR TO MANY PEOPLE'S
HEARTS TODAY BUT ALSO. YOU KNOW
HUMAN RIGHTS.
.
CITY.
AND AND THE LIST GOES ON.
AND SO WHEN WE MAKE DECISIONS
THAT ARE ACTIVE IN NATURE.
WE TEND TO THINK ABOUT HOW LONG
ARE WE GOING TO ON THIS
INVESTMENT AND WHAT MIGHT BE THE
SPECTRUM OF RISKS THAT COULD
IMPACT. THE ECONOMIC RETURN
WE'RE GONNA EARN ON THAT
PARTICULAR INVESTMENT. THROUGH
THIS FRAMEWORK THROUGH THE
SUSTAINABILITY VESTING LANDS.
AND IT'S IN THAT CONTEXT WE HAVE
BEEN ADDRESSING THESE TYPES OF
ISSUES OF THE RANGE OF ISSUES AS
YOU CAN IMAGINE WITH. A GREAT.
COLLECTION OF ALMOST TWO HUNDRED.
SEVENTY THOUSAND STUDENTS.
AND WITH SUCH A BROAD UNIVERSITY
THAT I'VE DESCRIBED TO YOU
THERE'S NEVER A DULL DAY. IN
TERMS OF AN IMPORTANT TOPIC. AND
SO WE ENGAGE WE WANNA LISTEN WE
WANT TO HEAR WE WANT TO HAVE THE
CONVERSATION WE WANT TO LEARN.
AND IT'S THROUGH THAT DIALOGUE.
WHETHER IT COMES TO US DIRECTLY
FROM OUR STAKEHOLDERS OR THROUGH
THE BORDER REGIONS OR THROUGH
THE INVESTMENT COMMITTEE OR
DIRECTLY TO US AT THE OFFICE. WE
GET INVOLVED IN LISTENING TO
THESE ISSUES.
AND WE EVALUATE WHAT THE
IMPLICATIONS MIGHT BE FOR
INVESTMENTS. SO BLACK ROCK IS
INVESTING FOR YOU. AND THEY WANT
TO CREATE VALUE. IN YOU BENCH
MARKED THEM YOU COMPARE THEM TO
OTHER.
SIMILAR.
FUNDS TO MAKE SURE THAT THEY'RE
PROVIDING THE YIELD AND THEY'RE
NOT GOING TO MESS AROUND AND AND
PURCHASE INVESTMENTS THAT WOULD.
CREATE LOSSES BECAUSE THEN THEY
CAN LOSE A CLIENT.
SO.
I WOULD GUESS YOU WOULD SAY.
WE ARE JUST SOME CONCRNS AND
THEN THOUGHT THEIR INVESTMENT
OFFICER WOULD HAVE TO.
TO DEAL WITH IT AND AND BE
COGNIZANT OF IT BUT IT WOULDN'T
BE A CAUSE FOR IMMEDIATE
LIQUIDATION. RIGHT RIGHT AND
THERE'S CHOICES WHEN YOU INVEST
YOU CAN DO IT PASSIVELY OR YOU
CAN DO IT ACTIVE RIGHT.
IN TERMS OF BEING ACTIVELY
INVESTED.
YOU'RE EXPECTING EITHER WE OR
THE INVESTMENT MANAGERS ACTIVELY
MAKING CHOICES NOW THE THING
WITH BLACKROCK IS.
THEY MANAGED SOMETHING LIKE FIVE
TRILLION DOLLARS SO THEY'RE MUCH
MORE BETTER KNOWN FOR BEING A
PASSIVE MANAGER SO THEY'RE ALSO
NOT TAKING. ACTIVE BETS IN ANY
GIVEN. JURISDICTION WHEN YOUR
PASSIVE INDEX FOR INSTANCE IF WE
WERE INVESTED IN THE EQUITY
MARKETS.
LIKE THE S. AND P. FIVE HUNDRED
OR IN THIS CASE THE MSE I ACQUI
IS A GOOD REPRESENTATION OF A
GLOBAL INDEX. THAT HAS ABOUT
EIGHTY SIX HUNDRED STOCKS WHEN
WE GET EXPOSURE PASSIVELY WE OWN
EVERYTHING. IN THE EIGHTY SIX
HUNDRED STOCKS FOR NOT MAKING
ACTIVE CHOICES OR I JUST WANT TO.
BUILD ON SOMETHING YOU CAN JUMP
IN HERE BECAUSE I ONLY HAVE ONE
MORE QUESTION. ALL RIGHT.
.
NOW IN THE RECENT PAST YOU HAVE.
THE VESTED FROM PRIVATE. TO
MICHAEL.
THE RECENT PAST YOU HAVE
DIVESTITURE PRIVATE PRISONS IN
THE DAKOTA PIPELINE.
BASED ON SORT OF RESPONDING TO
WHAT YOU WERE TALKING ABOUT THE
THE VIEWS OF THE STUDENT
POPULATION AND OTHER. OTHER
PRESSURE SO THAT WAS AT AN AREA
WHERE. HE RESPONDED TO THAT AND.
SUCCESSFULLY MADE THAT DECISION
TO DIVEST FROM THOSE THINGS.
IS THIS DIFFERENT THAN THAT
OURS IS SIMILAR TO THAT THAT
THIS IS SOMETHING. BEING DRIVEN
SORT OF GRASSROOTS FROM THE
STUDENT POPULATION.
AND ONE OF THE THEMES YOU
TOUCHED UPON WAS CIVIL RIGHTS
ABUSES WHICH SEEMS TO BE GERMANE
TO THIS CONVERSATION IS IS. A
SIMILARLY DOABLE. CONTRACTORS IS
SOMEHOW DIFFERENT THAN THE COLOR
PIPELINE AND. AND PRIVATE
PRISONS THAN ABOUT. GO BACK
EIGHT IT'S SIMILAR IN IN THE
NOTION THAT THIS IS ALSO ANOTHER
IN VERY IMPORTANT ISSUE.
LIKE THERE ARE A RANGE OF OTHER
ISSUES THAT YOU'VE HIGHLIGHTED
ACCURATELY.
IT'S DIFFERENT IN THE CONTEXT
OF WHAT. WE WERE JUST TALKING
ABOUT IS THE DIFFERENCE BETWEEN
ACTIVELY INVESTED IN BEING
PASSIVELY INVESTED IN SOMETHING
SO FOR EXAMPLE.
GOING BACK ABOUT FOUR YEARS AGO
WE BEGAN THINKING ABOUT THE
IMPACT OF FOSSIL FUELS AND THAT
WAS CERTAINLY A VERY IMPORTANT
TOPIC. AND AS WE THINK ABOUT
OWNING FOSSIL FUELS. HIGH IN OUR
PORTFOLIO. OVER THE LONG TERM
AND THAT LONG TERM IS FIVE TEN
FIFTEEN TWENTY YEARS. WE THINK
THAT IT COULD BE ECONOMICALLY
CHALLENGED AND RISKY TO ON
FOSSIL FUELS EXPLORATION AND
PRODUCTION OIL AND GAS COMPANIES.
AND AS A RESULT WE HAVE BEGAN
OUR.
WE WE HAVE ACTIVE INVESTMENTS IN
FOSSIL FUELS WE'VE BEGAN THEIR
JOURNEY TO DE RISK OUR PORTFOLIO
SIMILARLY COAL. COMPANIES HAS
ALSO BEEN PART OF OUR PROCESS TO
DO SO OUT IN ALBERTA THE OIL
SANDS FOCUSED COMPANIES WHERE WE
THINK THAT BASED ON THE PRICES
OF OIL. ECONOMICALLY THE
FINANCIAL RISKS OUTWEIGH
POTENTIAL RETURNS WE COULD EARN
BY BEING INVESTED NOW THESE ARE
INVESTMENTS THAT WE HAD ACTIVELY
IN THE PORTFOLIO. THAT.
IF WAR PART OF YOU KNOW THIRD
PARTY MANAGERS AS YOU'VE
DESCRIBED WHERE THERE COULD HAVE
BEEN THE OPPORTUNITY. TO HAVE A
SEPARATELY MANAGED ACCOUNT AND
TO EXCLUDE THESE TYPES OF
INVESTMENTS IN THAT SAME CONTEXT
WHEN WE LOOK AT PRIVATE PRISONS
AND THE ISSUE WAS RAISED TO US.
PRIVATE PRISONS AND AS WELL AS
THE NORTH DAKOTA PIPELINE. AND
AND THERE. WE DID HAVE EXPOSURE
ACTIVELY IN THE CASE OF PRIVATE
PRISONS THAT NMBER WAS ABOUT
TWENTY SEVEN MILLION DOLLARS AND
WHEN WE LOOKED AT.
THE THE.
ISSUES THAT WERE RAISED AND THE
RISKS THAT WERE WE WERE MADE
AWARE OFF AND FRANKLY LOOKING AT
THE SPECIFIC COMPANIES THAT WE
WERE ACTIVELY INVESTED IN
THROUGH OUR MANAGERS.
WE FELT THAT BASED ON
LEGISLATION RISK OR BASED ON.
YOU KNOW THE CHANGING NATURE OF
THOSE INDUSTRIES.
DETRIMENTAL THE M. FINANCIALLY
DETRIMENT THE OUR HOLDINGS AND
THAT'S WHAT DROVE US IN THE
CONTEXT OF LISTENING TO OUR
STAKEHOLDERS AND BEING AWARE OF
THE RISKS TO. TO SELL OUT OF
THOSE PARTICULAR COMPANIES. BUT
THOSE ARE ACTIVE CHOICES WE MADE
OF THINGS WE HAD ATIVELY HAD
INVESTORS MANAGING WHERE WE ARE
PASSIVELY INVESTED BECAUSE FOR
INSTANCE.
THE S. AND P. FIVE HUNDRED OR
OR A GLOBAL INDEX WOULD ON SOME
OF THOSE COMPANIES WE DON'T.
CHANGE THOSE HOLDINGS BECAUSE AT
ANY GIVEN TIME THAT VARIES
DEPENDING ON WHAT'S IN THE
MARKET. SO THAT I GUESS THE
QUESTION IS THEN SO IF IF YOU
WANT TO DO.
THE DIVERS I'VE GOT GUYS FROM
PLACE LIKE TURKEY YOU'D HAVE TO
CHANGE YOUR ENTIRE.
YOU TIRE MODEL THEY USE FOR
THAT TO BILLION DOLLARS FROM
PASSIVE ACTIVE.
ABSOLUTELY IN THIS PARTICULAR
CASE YES FOR THE EIGHTY MILLION
DOLLARS.
CORRECT THE EXPOSURES TO TURKEY
CORRECT IN THE TWO BILLION
DOLLAR BECAUSE THAT'S A PASSABLY
MANAGED INDEX THAT BLACKROCK
MANAGES AND GIVES US BROAD
EXPOSURE TO ALL EMERGING MARKET.
MARKET YES.
YEAH NOW WE'RE HAPPY TO. MEAN
THESE ARE VERY IMPORTANT ISSUES
AND AND WE HEAR YOU AND WE
APPRECIATE AND. CERTAINLY I MEAN
I LIKE SHORTLY GOING TO BE
JOINED BY OUR OWN STUDENTS.
WHO ARE ARE VERY PASSIONATE
ABOUT THIS ISSUE? AND SO I WOULD
ENCOURAGE THAT AS PART OF THIS
CONTINUING DIALOGUE SIMILAR TO
THE CONVERSATION WE HAD ON. ON
PRIVATE PRISONS OR THE NORTH
DAKOTA PIPELINE. THE
SUBCOMMITTEE ON INVESTMENT OF
THE REGIONS IS THE GOVERNING
BODY. THAT.
HERE'S THESE THINGS AND GETS
INVOLVED AS YOU WOULD BE AWARE
FROM SORT OF OTHER GOVERNANCE
STRUCTURES AS WELL. AND IF IF
THAT'S SOMETHING YOU WANTED TO
EXPLORE AS AN OPPORTUNITY TO
ENGAGE WITH THEM. I CAN
CERTAINLY TAKE THAT BACK TO THE
SUBCOMMITTEE ON INVESTMENTS SO
THEY COULD BE A DISCUSSION
SIMILAR TO THE ONE TODAY AND FOR
THEM TO HEAR FIRST HAND. ABOUT
INVESTMENTS IN TURKEY AND
ARMENIA ME SPEAKING FOR MYSELF.
I THINK THAT. AT THE VERY LEAST
WE WANT THE SUBCOMMITTEE ON
INVESTMENTS TO KNOW THAT. YOU
KNOW.
THE SENATE SELECT COMMITTEE
FEELS THIS IS IMPORTANT. TO TO
DIVEST.
AS. SEAMLESSLY AS POSSIBLE AND
AS JUDICIOUSLY AS POSSIBLE.
YOU HAD ONE MORE QUESTION AS TO
WHAT HE HAD TO AT THE AMERICAN
UNIVERSITY OF ARMENIA IS LOCATED
WHERE.
YET ABOUT.
AND AND WHY ARE THEY A CLIENT OF
THE UNIVERSITY OF CALIFORNIA.
YEAH THE AMMO YOU BETWEEN THE
UNIVERSITY CALIFORNIA AND THAT
IS THE ONLY ONE IN THE WORLD I
BELIEVE.
YOU GET IN STATE YOU ON THE
PANEL NOW BUT I KNOW THAT. I
KNOW BECAUSE I APPRECIATE ALL
THE HELP I CAN GET YEAH. THEM
INVOLVED SENATOR I KNOW THESE
THINGS WELL.
IT'S JUST INTERESTING TO SEE
THAT YOU'RE DOING A PRIVATE
SECTOR.
PASSKEY IN A PUBLIC SETTING SO.
IT'S NOT YEAH SO.
.
AND IN THIS PARTICULAR CASE SO I
GET APPS THE RIGHT I WILL READ
IT JUST TO MAKE SURE I'VE GOT
THE FACTS RIGHT TO ANSWER YOUR
QUESTION BUT THE. THIS
COLLABORATION THAT WE'RE
REFERRING TO.
IT WAS ESTABLISHED IN NINETY
ONE IT WAS COLD FOUNDED.
BY THE UNIVERSITY OF CALIFORNIA
AT THE ARMENIAN GENERAL
BENEVOLENT UNION. AGB YOU AND
THE GOVERNMENT OF ARMENIA. A YOU
A. HAS BEEN WITH THE UNIVERSITY
OF CALIFORNIA SINCE ITS
INCEPTION. AND THE AMERICAN
UNIVERSITY OF OUR MEDIA
CORPORATION WHICH IS A FIVE OH
ONE C.. THREE CALIFORNIA PUBLIC
BENEFIT CORPORATION.
PROVIDES BOTH ACADEMIC AND
FISCAL MANAGEMENT OVERSEEING
UNIVERSITY POLICIES AND
STRATEGIES FOR THE A. YOU WEIGH.
THE BOARD CONSISTS OF TWENTY TWO
TRUSTEES WHO ARE CURRENT AND
FORMER LEADERS FROM THE
UNIVERSITY OF CALIFORNIA.
ARMENIAN GENERAL BENEVOLENT
UNION AND FROM THE PRIVATE
PUBLIC AND PHILANTHROPIC SECTORS
AND THE IRANIAN UNIVERSITY. OF
ARMENIA FUND IS AN AMERICAN
ARMENIAN ENTITY WHICH OVERSEES
THE DAY TO DAY OPERATIONS IN
ARMENIA. THIS SEVEN MEMBER BOARD
INCLUDES THE ARMENIAN MINISTER
OF EDUCATION AND SCIENCE.
THE FORMER RECTOR OF THE
POLYTECHNIC INSTITUTE AND FIVE
MEMBERS FROM THE A. UAC BOARD A
U. AC AND A U. F.. ARE THE TWO
ENTITIES WHICH SUPPORT THE
AMERICAN A U. WAY AND ARE BOTH
CHAIRED BY THE FORMER UC PROLES
DOCTOR LAWRENCE.
EIGHTY WAY ATTRACTS DIES PORK
ARMENIANS IN INTERNATIONAL
STUDENTS AND IT'S HELPING
EDUCATED GENERATION OF ARMENIAN
LEADERS AND PASTORS. INTO YOUR
POINT ABOUT PRIVATE SECTOR
ACTIVITY WE CLEARLY DO NOT
CHARGE ANYTHING TO DO THIS AND
SO THEN WE'RE WE'RE SUBSIDIZING
THE INVESTMENT YOU NAME CHARGE
FIVE BASIS POINTS WEEK WEEK WHAT
WE WE WE DO NOT CHARGE.
ANY THERE THERE. THERE ARE NO
FEES LEVIED FOR INVESTING ON
BEHALF OF THE A. YOU A CORRECT
SO THAT'S SOMETHING THAT
TAXPAYERS ARE UNDERWRITING AND.
I THINK. I'M A COLLEAGUE I I I I
WILL.
I WOULD THINK THAT IF YOU WERE
GOING TO GO INTO THAT ROUND
BECAUSE YOU'RE TAKING ON RISK.
YOU HAVE LOTS OF EXPOSURE. I
JUST WONDER WHY THE STATE
WOULDN'T CHARGE FOR THAT. YEAH.
UNTIL YOU BROUGHT
HAVE I DIDN'T BRING A LITTLE I I
APPRECIATE I BROUGHT IT UP AND
AND.
AND AND HE AND.
BUT I CAN I CAN BE ASSURED YOU
HAVE NO. BONDS FROM TURKEY.
THEIR PORTFOLIO.
KIND OF A JOKE BUT AM I WITH IS
I WOULD ASSUME YOU'RE NOT USING
PASSIVE INVESTMENT IN THEIR
PORTFOLIO WITH BLACK ROCK. THAT
CORRECT.
SO. THAT WOULD BE CORRECT IN OUR
WHOLE HYSTERECTOMY HOW IS
CORRECT.
SO WE QUESTION THE.
THEY ARE INVESTED IN OUR
ENDOWMENT.
OUR ENDOWMENT. PORTFOLIO.
IN TOTALITY IS ABOUT ELEVEN AND
A HALF BILLION.
THE THIRTY MILLION DOLLARS OKAY
IS INVESTED NOT AS A SEPARATELY
MANAGED ACCOUNT WITH A SEPARATE
INVESTMENT POLICY OR SEPARATE
SET OF ASSETS. FOR A YOU WAY.
BUT AS PART OF THE POOL OFF THE
ENDOWMENT.
AND DO YOU INVEST IN THEM AS
WELL WE INVEST IN DOWN AND OUT
IN THE ENDOWMENT IN THE FIXED
INCOME PORTFOLIO.
WE DO NOT HAVE EMERGING MARKET
DEBT OKAY OKAY GOOD.
FOR THE US.
SO THESE ARE THE UNIVERSITY IS
HOUSE IN THE FORMER COMMUNIST
HEADQUARTERS.
THAT THAT'S FINE BUT I I I I
THINK. IT IS. WITH IT WHEN YOU
HAVE THE ABILITY TO TAKE OUTSIDE
INVESTORS LIKE THIS YOU SAID
THEN THEN IT WOULD BE NICE TO TO
TEN AND. ADD MORE.
OUTSIDE INVESTORS BECAUSE THEN
YOU BENEFIT FROM THE ECONOMIES
OF SCALE AND I YOU WOULD CHARGE
THEM ALL THE SAME BUT IT WOULD
BE A PROFIT CENTER. IN AND
THAT'S NOT THE CASE FOR THIS IS
VERY UNIQUE. I STAND CORRECTED
OKAY MY COLLEAGUES WHO THE
ARTIST YOU'RE ACTUALLY IS
IDENTIFY YOURSELF AND FIND
ANNOUNCES YOUR TEACHER I WORK
WITH NATURE. INVESTMENTS OFFICE
AS A DIRECTOR OF INVESTMENTS AS
WELL AS SUPPORTING THE BROADER
ORGANIZATION INSTITUTION WE DO
JUST TO CLARIFY CHARGE TEN BASIS
POINTS. TOO FOR PULLING FEE ON
THE ENDOWMENT FOR ALL HOLDERS
THAT ARE IN THE INCOME WE HAVE
OVER FIFTY FIVE DIFFERENT FUNDS
AND UNDERLYING HOLDERS. THAT
REPRESENT AFFILIATES AND VARIOUS
ENTITIES THAT ARE ASSOCIATED
WITH YOU UC WE WILL NOT LET
OUTSIDE. AFFILIATES OR OTHER
ENTITIES LET'S SAY FOR EXAMPLE
CALPERS OR STIRS CAN'T COME IN
AND INVEST IN THE ENDOWMENT TO
HAVE THEIR OWN TOOLS BUT OTHER
STATEMENTS APOLOGIES OR OTHER
TYPES OF AFFILIATE. THE IT'S
ONLY YOU SEE AFFILIATES AND
BECAUSE OF THIS UNIQUE
RELATIONSHIP BETWEEN THE UC. AND
THE ARMENIAN. ARMENIAN
UNIVERSITY AMERICAN UNIVERSITY
OF ARMENIA.
THEY WERE ABLE TO BENEFIT FROM
OUR ECONOMIES OF SCALE AT THE
INVESTMENTS OFFICE ON US DOING
THIS ON BEHALF OF THE UNIVERSITY
THAT IS DOUBLE WHAT YOU ADVOCATE
IS WILL YOU JOIN ME IN CALLING
ON THEM. TO.
CUT THE FEES TO THE.
AND WE ARE LOOKING AT MR
CHERTOFF HAVE OR DO I NOT ISSUE
TOO.
WITHOUT YOUR LITTLE QUESTION
YEAH.
WHAT IS REALLY WHAT IT OPENS SO
AT AN INVESTMENT POLICY
STATEMENT FOR A? ENDOWMENT FUND
IS A WHOLE LOT DIFFERENT THAN AN
INVESTMENT POLICY STATEMENT FOR
A PENSION PLAN.
SO HOW HOW DIFFERENT IS GOOD IN
DOWN FROM YOUR GONNA BE DOING A
LOT MORE HEDGING AND. BEING A
MORE AGGRESSIVE IN YOUR
INVESTMENTS RIGHT ACTUALLY OF.
HE JUST SO HAPPENS THAT IN THE
CASE OF THE ENDOWMENT AND THE
FIXED INCOME PORTFOLIO VERSUS
THE PENSION PLAN.
WE JUST LOOK AT THE THE FIXED
INCOME PORTFOLIO IN THE
ENDOWMENT AS HELPING TO MEET THE
PAYLOAD REQUIRED FROM THE
ENDOWMENT WHICH IS ABOUT FIVE
PERCENT A YEAR. AND THEN THE
BALANCE OF THE INVESTMENTS IN
FIXED INCOME IN TOTAL THAT'S
ABOUT TEN PERCENT OFF THE TOTAL
ENDOWMENT.
WE KEEP IN AND SORT OF
OPPORTUNISTIC TYPE FIXED INCOME
ASSETS AS OPPOSED TO A YOU KNOW.
TREASURY ANY TIPS OR.
EMERGING MARKET THAT'S WE JUST
IN THAT SLEEVE WE JUST HAVE A
DIFFERENT. APPROACH TO HOW WE
INVEST FIXED INCOME PORTFOLIO
SAUCE I GUESS TO COME INTO CLOSE.
.
IN THE ENDOWMENT.
BECAUSE OF YOUR ONE PARTICIPANT
I I AM ASSUMING THAT YOU HAVE
TAKEN THE POLICY THAT YOU CANNOT.
INVEST IN TURKEY.
THAT'S NOT THE CASE NOW IN NOT
JUST HAPPENS TO BE A COINCIDENCE
IT HAPPENS TO BE COINCIDENCE
CORRECT FOR AT LEAST IT'S A WIN
FOR SOMEBODY.
WHERE'S YOUR LEAST THOSE THAT
ARE CONCERNED ABOUT. INVESTING
IN TURKEY. SHOULD BE HAPPY THAT
YOU'RE LARGE ENDOWMENT FUND IS
TURKEY FREE THAT'S A CORRECT.
TERM.
BUTTHE PENSION PLAN IS NOT
BECAUSE IT'S IMPASSABLE
BASEMENTS. THAT BEYOND YOUR
CONTROL THAT'S RIGHT. THANK YOU
MISTER CHAIR THANK YOU FOR YOUR
CIO. THANK YOU.
I'M ACTUALLY THE MOVE OVER HERE
WE'RE GONNA BRING UP THE
STUDENTS BUT WILL PROBABLY STILL
HAVE MORE QUESTIONS. SO JUST
GIVE THOSE THAT GIVE THEM THOSE
THREE SEATS YOU COULD ETHER
COME UP TO THE LETTER CEDAR
THEY'RE WHEREVER YOU'RE
COMFORTABLE AND THEN A FIRE.
THREE STUDENT PANELISTS COULD
COME ON UP.
AND WE HAVE OUT OF HEALTH STEP
BEYOND WHO'S A FORMER UCLA
STUDENT A CO FOUNDER. OF
DIVESTITURE YEAH IN TURKEY WE
HAVE ARISE MAKES OUR KIZI AND
WHO IS A ALSO FORMER UCLA
STUDENT AND IS. THE CO FOUNDER
OF DIVESTITURE KEY AND THEN WE
HAVE A BOTTOM MANOUKIAN WHO IS
THIS COURAGE DO NOT UCLA AND A
MEMBER OF THE DIVESTITURE KEY.
ORGANIZATION WHICH I UNDERSTAND.
EVEN THAT WE HAVE THREE UCLA
STUDENTS ALL THE CAMPUSES HAVE
CHAPTERS.
ALL OF THE BEST INTERVIEWER HAVE
THE MOVIE AND I NEED TO CAMP IT
IS A CAMPAIGN ON.
THAT IS OR ORGANIZE BOTH BY THE
ARMY FEDERATION AND THE ALL
ARMENIAN STUDENT ASSOCIATION AND
THE ALL I NEED TO KNOW SO
STATIONS DO HAVE CHAPTERS ON
EACH OF THESE. SERVICES AND YOU
GUYS HAVE WORKED OUT WHO'S GONNA
GO FIRST I WANT TO TURN IT OVER
TO YOU. AND PLEASE SHARE YOUR
INSIGHTS.
GOOD AFTERNOON SENATOR PORTENT
TINO SENATOR WELK CENTER MORE
LACK. THANK YOU FOR GIVING US
THE OPPORTUNITY TO SPEAK HERE
TODAY.
MY NAME IS OUT OF STEP DOWN. ON
BOTH A MEMBER OF THE ARMENIAN
YOUTH FEDERATION AND A PROUD
UCLA GRADUATE. I'M HERE TO SPEAK
TO YOU ABOUT INITIATIVE THAT IS
REMARKABLE IN ITS NOBILITY SCOPE
AND POTENTIAL. IN OCTOBER OF TWO
THOUSAND FOURTEEN THIS NEW
CAMPAIGN WAS CREATED.
ON JANUARY TWENTY FIRST TWO
THOUSAND FIFTEEN. UCLA BECAME
THE FIRST UNIVERSITY TO PASS THE
STUDENT GOVERNMENT RESOLUTION
CALLING ON THE UNIVERSITY OF
CALIFORNIA REGENTS TO DIVEST
THEIR FUNDS FROM THE TURKISH
GOVERNMENT. THE VOTE WAS
UNANIMOUS.
JUST A MONTH LATER UC BERKELEY
STUDENT GOVERNMENT PASSED THE
SAME RESOLUTION ALSO WITH
UNANIMOUS VOTE.
WITHIN THE SAME MONTH THE
UNIVERSITY OF CALIFORNIA STUDENT
ASSOCIATION VOTED TO DIVEST FROM
THE REPUBLIC OF TURKEY AS WELL.
BY JUNE.
FOR MORE USES VOTED TO TAKE THE
SAME POSITION.
AND BY DECEMBER TWO THOUSAND
SIXTEEN.
ALL NINE UC UNDERGRADUATE
CAMPUSES VOTED TODAY THAT'S FROM
THE TURKISH GOVERNMENT
COLLECTIVELY REPRESENTING THE
VOICES OF OVER TWO HUNDRED
THOUSAND COLLEGE STUDENTS.
FOR THE RECORD NOT A SINGLE NO
VOTE WAS CAST THROUGHOUT THIS
PROCESS ON ANY OF THE CAMPUSES.
WHAT SOON FOLLOWED BROUGHT THIS
CAMPAIGN TO THE GOVERNMENTAL
STAGE BROADENING ITS SCOPE AND
INFLUENCE TO UNPRECEDENTED
LEVELS? IN FEBRUARY TWO THOUSAND
SEVENTEEN CALIFORNIA STATE
ASSEMBLY BILL FIFTEEN NINETY
SEVEN WAS PROPOSED.
THIS BILL ACTUALLY MODELED AFTER
THE ORIGINAL YOU SEE THAT AS A
RESOLUTION. PROHIBITED
CALIFORNIA'S PUBLIC EMPLOYEE
RETIREMENT SYSTEMS FROM
INVESTING IN THE TURKISH
GOVERNMENT.
ON JUNE FIRST TWO THOUSAND
SEVENTEEN. THE STATE ASSEMBLY
PASSED THIS BILL UNANIMOUSLY
WITH A VOTE OF SIXTY SEVEN TO
ZERO.
JUST A FEW WEEKS LATER.
THE MOVEMENT GAINED FEDERAL
SUPPORT AS CONGRESSMAN ADAM
SCHIFF JOINED BY NINE OTHER
MEMBERS OF CONGRESS FROM
CALIFORNIA. ROUTE TO CALIFORNIA
STATE SENATE PRO TEM KEVIN DALY
ON TO VOICE THEIR STRONG SUPPORT
FOR AB FIFTEEN NINETY SEVEN.
THIS BILL CURRENTLY WAIT
SUCCESSFUL PASSAGE IN THE SENATE
AND ULTIMATELY THE GOVERNMENT
SIGNATURE.
THE STRING OF VICTORIES I JUST
READ THROUGH IS A SUMMARY OF
WHAT HAS COME TO BE KNOWN AS A
DIVERSE TURKEY CAMPAIGN.
TO PUT THIS IN PERSPECTIVE THIS
CAMPAIGN NOW STATEWIDE.
WAS ORIGINALLY ORGANIZED BY A
GROUP OF JUST SEVEN COLLEGE
STUDENTS. ARE OBJECTIVE WAS
CLEAR TO PUSH FOR DIVESTMENT
FROM THE TURKISH GOVERNMENT AS A
RESULT OF ITS INCREASING HUMAN
RIGHTS VIOLATIONS. LIMITING OF
THE BASIC FREEDOMS OF SPEECH AND
EXPRESSION DENIAL AND
PERPETUATION OF THE ARMENIAN
GENOCIDE AND HARMFUL POLICIES
AGAINST ITS KURDISH ARMENIAN AND
JEWISH MINORITY POPULATIONS.
OVER THE COURSE OF THE LAST
THREE YEARS.
WE FACE AND OVERCAME A SERIES OF
CHALLENGES LEADING UP TO EACH OF
THE VOTES I LISTED.
WE FACE GENOCIDE DENIERS AND
RHETORIC THAT COULD BEST BE
DESCRIBED AS PROBLEMATIC.
AND AT WORST AS UNIFORMLY KATE
SPEECH. WE COMPETED AGAINST THE
TURKISH CONSULATE GENERAL LOS
ANGELES AND LOBBYING YOU SILLY
STUDENT GOVERNMENT
REPRESENTATIVES. WE HEARD EVERY
COUNTER ARGUMENT IMAGINABLE AND
SUCCESSFULLY REFUTED EACH ONE.
WE MOBILIZE HUNDREDS OF NOT
THOUSANDS OF YOU SEE STUDENTS
WHO CONTRIBUTED DIRECTLY TO THIS
CAMPAIGN. AND GARNERED THE
SUPPORT AND ENDORSEMENT OF
DOZENS OF STUDENTS STUDENT
ORGANIZATIONS INCLUDING THE SIX
STUDENT ASSOCIATION. BENGALI
SOON ASSOCIATION JEWISH VOICE
FOR PEACE NATIVE ROOTS QUEER
LINES STUDENTS FOR JUSTICE IN
PALESTINE INDICE AND SOME HOME
FILIPINO.
SO WHY THIS MOVEMENT WHY DIVEST
FROM TURKEY.
SINCE ITS FOUNDING THE REPUBLIC
OF TURKEY HAS ENGAGED IN A
CAMPAIGN OF ARMENIAN CULTURAL
ERASURE. ETHNIC CLEANSING AND
THE DESTRUCTION OF SECRET ARMING
AND RELIGIOUS SITES.
THEREBY CONTINUING THE PROCESS
OF GENOCIDE FAR AFTER IT BEGAN
NINETEEN FIFTEEN.
BY INVESTING PUBLIC FUNDS IN THE
GOVERNMENT OF TURKEY CALIFORNIA
CONTRADICTS ITS LONG STANDING
POSITION OF RECOGNIZING THE
ARMENIAN GENOCIDE. AND URGING
TURKEY TO ACKNOWLEDGE ITS
RESPONSIBILITY TO WORK TOWARD A
JUST RESOLUTION BY HONORING ITS
OBLIGATIONS UNDER INTERNATIONAL
TREATIES AND HUMAN RIGHTS LAWS.
TO END ALL FORMS OF RELIGIOUS
DISCRIMINATION PERSECUTION AND
TO RETURN CHRISTIAN CHURCH
PROPERTIES THE RIGHTFUL OWNERS.
THE UNIVERSITY OF CALIFORNIA AS
A PUBLIC ACADEMIC INSTITUTION
GUIDED BY THE PRINCIPLES OF
ACADEMIC FREEDOM.
CONTRADICTS THESE PRINCIPLES BY
INVESTING IN A GOVERNMENT THAT
ENGAGES IN ACADEMIC CENSORSHIP.
CRIMINALIZES ARMENIAN GENOCIDE
SCHOLARSHIP IN TURKEY.
BY PRESSING THESE FUNDS WOULD
ENSURE THAT THE YOU SEE ON THE
STATE OF CALIFORNIA WOULD IN NO
WAY BE COMPLICIT IN TURKEY'S
CONTINUED DENIAL OF THE ARMENIAN
GENOCIDE AND PLETHORA OF HUMAN
RIGHTS VIOLATIONS.
DO YOU SEE IS WORK WITH THE ART
ARE AMERICAN UNIVERSITY OF
ARMENIA THAT THE CHIEF
INVESTMENT OFFICER MENTIONED.
THOUGH COMMENDABLE.
IS IRRELEVANT TO OUR CAMPAIGN.
FIRSTLY CONSIDERING THE FACT
THAT SO MUCH OF THIS MOVEMENT
SUPPORT HAS COME FROM THE
ARMENIANS AN EFFORT TO APPEASE
THE ARMENIAN COMMUNITY WILL ONLY
GO SO FAR. SECONDLY THE ISSUE AT
HAND IS THE INVESTMENT TURKEY
ITSELF. INVESTMENTS IN ARMENIA.
OR ANYWHERE ELSE FOR THAT MATTER.
ARE NOT GOING TO MITIGATE THE
DAMAGE IN DANGER OF THE
INVESTMENTS IN THE TURKISH
GOVERNMENT.
SO WHY AN ECONOMIC APPROACH.
AS SAID IN A B. FIFTEEN NINETY
SEVEN. THE STATE OF CALIFORNIA
AS THE WORLD'S EIGHTH LARGEST
ECONOMY AND IN ACCORDANCE WITH
THE PRINCIPLES OF HUMAN RIGHTS
AND JUSTICE.
HAS TAKEN THE LEAD IN ADOPTING
LEGISLATION TO DRIVE US FROM
SOUTH AFRICA FOR ITS POLICY OF
APARTHEID.
SHE DON FOR GENOCIDE AND OUR
FOUR AND IRAN FOR ITS SUPPORT OF
INTERNATIONAL TERRORISM IMPOSING
ECONOMIC CONSEQUENCES UPON
REGIONS AND ENGAGE IN CONDUCT
AND POLICY THAT VIOLATE HUMAN
RIGHTS. OR CONSTITUTE CRIMES
AGAINST HUMANITY.
IN THE PAST THE UNIVERSITY OF
CALIFORNIA ALSO DIVESTED FROM
BOTH SIDES SOUTH AFRICA ANSWERED
ON FOR THE SAME REASONS.
THE WHOLE POINT OF DIVESTING
FROM GOVERNMENT IS TO END THE
INVEST INVESTORS TACIT
ENDORSEMENT OF SAID GOVERNMENT
ACTIONS. WHILE SIMULTANEOUSLY
ENCOURAGING IT TO CHANGE ITS
POLICIES AND FIND A FAIR AND
JUST RESOLUTION OF REPARATIONS.
IT IS TIME FOR CALIFORNIA TO
DECIDE WHETHER OR NOT IT WANTS
TO UPHOLD ITS REPUTATION. OF
IMPOSING ECONOMIC CONSEQUENCES
ON REGIMES WHOSE ACTIONS ARE IN
DIRECT CONTRAVENTION TO ITS OWN
PRINCIPLES.
WE ASK FOR YOUR SUPPORT IN OUR
EFFORTS.
I'VE EXPLAINED THE GENERAL
PRINCIPLES BEHIND OUR MOVEMENT.
AND NOW ROSS MAKE WILL GO INTO
DETAIL ABOUT WHY ARE GREAT SEATS
INVESTMENTS IN THE TURKISH
GOVERNMENT SHOULD BE REMOVED.
ALL RIGHT THANK YOU EVERYONE.
IT'S REALLY EXCITING TO BE HERE
WITH ALL OF YOU AND WE REALLY
APPRECIATE YOUR TIME AND CONCERN
AROUND THIS ISSUE ESPECIALLY TO
THE CIO. WE REALLY APPRECIATE
YOUR TIME AND INSIGHTS.
MY NAME IS RISING SUCKY SEE ON
I'M A MEMBER OF THE ARMENIAN
YOUTH FEDERATION AND A PROUD
GRADUATE OF UCLA. YOU'VE HEARD
THE COUNTLESS OF MORAL AND
ETHICAL REASONS THAT GUIDED THIS
MOVEMENT BUT WE ALSO WANT
EVERYONE TO UNDERSTAND THAT THEY
HAVE A SING FROM THEIR PUBLIC OF
TURKEY IS ALSO IN THE FIDUCIARY
INTERESTS OF THE UNIVERSITY OF
CALIFORNIA AND STATE OF
CALIFORNIA.
WHILE WE'VE BEEN MOSTLY TALKING
ABOUT THE OVER SEVENTY FIVE
MILLION THAT THE UC HOLDS UP THE
STATE OF CALIFORNIA WE FOUND OUT
OF AFTERWARDS. HAS OVER HALF A
BILLION DOLLARS SO I WANT THAT
TO BE IN THE CONTEXT HERE TO.
POST SO I HOPE TO DEMONSTRATE
THAT THE SEVENTY FIVE MILLION
DOLLARS OF INVESTMENTS BY THE
YOU SEE IN THE CITY OF
CALIFORNIA'S HALF A BILLION
DOLLARS OF INVESTMENTS. ARE
POTENTIALLY DANGEROUS GAMBLE
WITH TAXPAYER DOLLARS AND
PENSIONERS FUTURES.
I GRADUATED FROM HIGH SCHOOL IN
THE TWO THOUSAND EIGHT TWO
THOUSAND NINE SCHOOL YEAR AND
BECAME A PART OF A GENERATION
THE ENTERED COLLEGE AS THE STOCK
MARKET AND ECONOMY CRASHED.
WITNESSING THE WORST ECONOMIC
DOWNTURN IN THE UNITED STATES IN
OUR LIFETIMES. AFTER YEARS OF
ECONOMIC GROWTH ON WALL STREET
THE CULTURE OF RISKY SPECULATIVE
INVESTMENTS CAUGHT UP WITH
INVESTORS AND WE ALL PAY THE
PRICE. I'M NOT HERE TO CLAIM
THAT I HAVE SOME DEEPER INSIGHT
INTO ECONOMICS MORE THAN ANYONE
HERE I GRADUATED WITH AN ENGLISH
DEGREE. OF I WANT TO SHARE THE
VIEWS OF INSTITUTIONS ECONOMISTS
AND EXPERTS WHO AGREE THAT
INVESTMENTS IN THE REPUBLIC OF
TURKEY ARE A RISKY GAMBLE
ESPECIALLY DUE TO TURKEY'S WORSE
THAN POLITICAL SITUATION. SO
ALLOW ME TO GIVE YOU ALL SOME
CONTEXT ABOUT TURKEY TODAY. NOT
JUST ABOUT WHAT HAPPENED IN
NINETEEN FIFTEEN BECAUSE.
ESPECIALLY FOR YOUNG MEANS WE
WANT TO DEMONSTRATE THAT THIS IS
A LIVING BREATHING ISSUE NOT
SOMETHING THAT IS A HUNDRED
YEARS OLD.
SO ALTHOUGH WE'VE HEARD A LOT
ABOUT.
TURKEY'S BOOMING ECONOMY IN THE
LAST YEAR.
I ARGUE AND MANY WOULD FEEL
THAT IT'S REALLY A BOOM AND BUST
ECONOMY.
THE INTERNATIONAL MONETARY FUND
IN RECENT STATEMENTS UNDERLINED
THE ECONOMIC RISKS TURKEY NOW
FACES. THE FUN WARN THE ECONOMIC
GROWTH OF SEVEN PERCENT LAST
YEAR EXCEEDED TURKEY'S POTENTIAL
THANKS TO THE SUPPORT OF FISCAL
POLICY AND SPECIFICALLY A
SIZEABLE CREDIT AND POSTER OF AN
BY STATE LAW GUARANTEES. WITH
THE CENTRAL BANK'S RESERVES
COVERING ONLY AROUND HALF OF
TURKEY'S GROSS EXTERNAL
FINANCING REQUIREMENTS OF
CIRCUIT TO BILL TWO HUNDRED
BILLION DOLLARS. RATE HIKES BY
THE US FEDERAL RESERVE POLITICAL
TENSIONS AT HOME AND AT THE
SYRIAN BORDER. WHERE BY THE WAY?
THE TURKEY IS ALMOST AND DIRECT
MILITARY COMBAT WITH US
SUPPORTED TROOPS. MAY FURTHER
CAN TELL CURTAIL QUALITY FUND
INFLOWS TO TURKEY. THUS EXTERNAL
FINANCING DIFFICULTIES WITH
INCREASING RELIANCE ON SHORT
TERM CAPITAL STAND OUT AS THE
MAIN FRAGILITY IS IN TURKEY'S
ECONOMIC HEALTH. REGARDING
TURKEY'S DOUBLE DIGIT INFLATION
WHICH IS MORE THAN DOUBLE THE
CENTRAL BANK'S TARGET THE IMF
STATED THAT DESPITE POSITIVE
BASE YOUR FACTS IN THE FIRST
HALF OF THE YEAR CONSUMER PRICE
INFLATION LOOKS AT TERM IN IN
DOUBLE DIGITS BY THE END OF THE
YEAR. UE TO DETERIORATING AND
INFLATION EXPECTATIONS AND
CONTINUING COST SIDE PRESSURES
FROM THE WEAK LIRA.
AMERICAN FINANCIAL MAGAZINE
BARRON'S WRITES FIVE YEARS AGO
TURKEY HAD PLENTY OF COMPANY
AMONG HIGH DEFICIT ECONOMY IS ON
THE EDGE OF AN EXTERNAL SHOCK
ITS PARTNERS IN THE FRAGILE FIVE
INDIA BRAZIL SOUTH AFRICA AND
INDONESIA. HAVE ALL PUT THEIR
pSUBSTANTIALLY IN ORDER SINCE
THEN LEAVING ON KATA A PRIME
CANDIDATE FOR THE FIRST DOMINO
TO FALL IN THE NEXT DOWNTURN. AT
SOME POINT IF INVESTORS START TO
DIFFERENTIATE BETWEEN EMERGING
MARKETS OF COURSE TURKEY WILL
NEGATIVELY DE COUPLE.
TURKEY'S DESCENT TO DICTATORSHIP
ALSO THREATENS ITS ECONOMY.
AGENCIES AND INVESTMENTS
ANALYSTS HAVE CITED TURKEY'S
DECLINING COMMITMENT TO
DEMOCRACY AND RULE OF LAW AS
FACTORS AND DOWNGRADING TURKEY'S
DEBT RATING AND RECOMMENDING
INVESTORS STAY AWAY FROM THE
COUNTRY. IN THE AFTERMATH OF THE
FAILED COUP ATTEMPTS BY THE
TURKISH MILITARY TO OVERTHROW
PRESENT AIRLINES GOVERNMENT IN
THE SUMMER OF TWO THOUSAND
SIXTEEN. TURKEY HAS BECOME A
DICTATORSHIP IN ALL BUT NAME ON
NOVEMBER FOURTH TWO THOUSAND
SIXTEEN TURKEY ARRESTED TWO CO
CHAIRS. A TWO CO CHAIRS WHO ARE
THE LEADERS OF THE. HDP PARTY
IT'S A PROGRESSIVE PRO PEACE
OPPOSITION PARTY THIS IS A CAN
TO DONALD TRUMP ORDERING THE
ARREST OF NANCY PELOSI AND CHUCK
SCHUMER ON UNGROUNDED CHARGES OF
TERRORISM. TWELVE MEMBERS OF
PARLIAMENT FROM THE AGP WERE
ALSO ARRESTED THE GOVERNMENT
IMPOSED A STATE OF EMERGENCY
ALLOWING RULE BY DECREE AND
DISMISSED OVER ONE HUNDRED
THOUSAND PUBLIC OFFICIALS. DUE
TO ALLEGED COOLING SO WITH
COURTS DEALING OVER FORTY SEVEN
THOUSAND MORE ON TERRORISM
CHARGES.
AND ON APRIL TWO THOUSAND
SEVENTEEN AND ABLE TO THOUSAND
SEVENTEEN REFERENDUM APPROVED A
POWERFUL EXECUTIVE PRESIDENCY TO
REPLACE THE PARLIAMENTARY SYSTEM
WITH WE CAN JUDICIAL IN
PARLIAMENTARY CHECKS. MORE
RECENTLY HUMAN RIGHTS GROUPS
HAVE CONDEMNED A RULING BY A
TURKISH COURT SENTENCING THREE
OF THE COUNTRY'S MOST PROMINENT
JOURNALISTS TO IFE IN PRISON
OVER ALLEGATIONS OF INVOLVEMENT
IN THE TWO THOUSAND SIXTEEN QUIT
TENT. ALL THESE EVENTS ARE
ADDING TO TURKEY'S RISK PREMIUM
AND DRIVING THE LIRA DOWN. ON
FEBRUARY TWENTY FOURTH TWO
THOUSAND EIGHTEEN GLOBAL RATINGS
AGENCY STANDARD AND POOR'S
AFFIRMED TURKEYS SOVEREIGN
RATING AT BB WITH A NEGATIVE
OUTLOOK.
THE ROAD WE ALSO CONSIDER THAT
THE COMPOSITION OF TURKEY'S
EXTERNAL FINANCING MOSTLY DEBT
WITH LITTLE EQUITY AND THE USE
OF PROCEEDS PRIMARILY INVESTMENT
IN CONSTRUCTION AND PUBLIC
CONSUMPTION. REPRESENT A RISK TO
ITS FUTURE ECONOMIC AND
FINANCIAL STABILITY.
I LIVE ON IS ALSO THREATENED TO
SUE THE CENTRAL BANK SO DESPITE
INCREASED INFLATION AND THE
LEADERS WEAKNESS AS A GUY HAS
CONSISTENTLY CALLED FOR THE
CENTRAL BANK TO CUT INTEREST
RATES AND DESCRIBE ANY MOVE TO
RESISTANCE. AND CUTTING THESE
RATES. AS TREASON. AND HE SAID
THAT TURKEY'S PREDECESSOR STATE
WHICH WE REFERRED TO EARLIER.
THE OTTOMAN EMPIRE WAS SUCKED
DRY BY BANKERS IN NOVEMBER TWO
THOUSAND FIFTEEN A KEY PEOPLE
FORM WHICH IS THE PARTY THAT AS
THE LAN BELONGS TO LEFT OUT ANY
MENTION OF CENTRAL BANK
INDEPENDENCE WHICH I LEARNED
WHILE RESEARCHING ALL OF THIS IS
REALLY IMPORTANT TO INVESTORS
AND THEIR CONFIDENCE. OF THAT
COUNTRY AND THEIR INVESTMENTS
THERE WERNER WHO SUBSEQUENTLY CUT
INTEREST RATES SIX TIMES DESPITE
HIGH INFLATION AND THE DECLINE
OF THE LIRA.
RESPONSE AS A LAUNCH COMMENTS TO
FINDING HIGH INTEREST RATES IS
TREASON PRIVATE BANKS CUT
MORTGAGE INTEREST RATES ISSUING
A STATEMENT THAT BANKS RECOGNIZE
THEIR RESPONSIBILITIES TO
CONTRIBUTE MORE TO THE SPEED UP
OF GROWTH. AT LOOK ON AIDS HAVE
ALSO SUGGESTED THAT THE PURGE OF
ALLEGED COUP SUPPORTERS WILL
EXTEND TO THE CENTRAL BANK WILL
FORMALLY AUTONOMOUS THE CENTRAL
BANKERS HAVE PROVEN RELUCTANT TO
TIGHTEN IN THE FACE OF INFLATION.
AND OVERLY ROSY FORECASTS.
IN CONCLUSION.
WHEN ARMENIAN YOUTH FEDERATION
NUMBER IS. AND ARMENIAN STUDENTS
DEDICATED HEMSELVES TO THIS
MOVEMENT OUR INTENTION WAS IN
PART TO MOVE FORWARD FROM
ARMENIAN GENOCIDE RECOGNITION.
AND DON'T GET THIS WRONG I'M SO
PROUD THAT THE STATE OF
CALIFORNIA RECOGNIZES THE
ARMENIAN GENOCIDE I'M SO PROUD
THAT CAMPUSES OF THE UNIVERSITY
CALIFORNIA RECOGNIZE THEIR MEAN
GENOCIDE I'M PROUD THAT I EARNED
AN ARMENIAN STUDIES DEGREE FROM
UCLA. AND LEARNED ABOUT THE
ARMENIAN GENOCIDE IN MY CLASSES.
BUT TO SAVE YOU RECOGNIZE THE
GENOCIDE TO SAY NEVER AGAIN EVEN
IN GOOD FAITH AND AND PUT MONEY
IN THE COFFERS OF THE REPUBLIC
OF TURKEY IS A SLAP IN THE FACE.
DIVESTMENT IS A NEW AND EMERGING
CHAPTER THAT IS BEING WRITTEN
TODAY AND NOW. WAS STARTED
LOCALLY IN THE GRASSROOTS OF LOS
ANGELES IS TAKING OFF WITH THE
POWER INTO THAT POTENTIAL TO
SPREAD INTERNATIONALLY.
BECAUSE WE ARE GOING TO STOP AND
WE ARE ALONE. THE INTERNATIONAL
COMMUNITY STARTING TO TURN
AGAINST TURKEY'S WHILE. THE
EUROPEAN UNION RECENTLY CUT TWO
HUNDRED MILLION IN FUNDS
ALLOCATED TO TURKEY DUE TO QUOTE
DETERIORATING SITUATION IN
RELATION TO DEMOCRACY RULE OF
LAW AND HUMAN RIGHTS. GERMANY
RECENTLY ANNOUNCED IT WILL BE
PULLING ITS TROOPS OUT OF THE U.
S. TURKEY MILITARY BASE. AND SO
ON. SO ON OUR NIGHT IN IN OUR
EYES THIS ISN'T A MATTER OF IF
THE YOU SEE IN CALIFORNIA WILL
DRIVE US FROM TURKEY BUT A
MATTER OF ONE.
I HAVE FAITH THAT OUR GREAT
STATE AM I AM ALLMODERN WILL
MAKE ITSELF.
WILL PLACE ITSELF ON THE RIGHT
SIDE OF HISTORY. THANK YOU FOR
THAT FOR YOUR TIME.
AND I REALLY BELIEVE THAT THIS
IS CALIFORNIA'S OPPORTUNITY TO
DIVEST PROACTIVELY NOT ONLY TO
PUT OUR ETHICAL VALUES IN
LOCKSTEP WITH THEIR POCKETBOOKS.
ALSO TO RESPONSIBLY PROTECT THE
UNIVERSITY OF CALIFORNIA STATE
OF CALIFORNIA IS OVER HALF A
BILLION DOLLARS OF ASSETS FROM
THE WELL KNOWN DANGERS OF
SPECULATIVE RISKY INVESTMENTS
THANK YOU.
I WOULD ALSO JUST LIKE TO
CLARIFY SOMETHING REALLY QUICKLY
THIS SLIDE AND THE SLIDE AFTER
IT ON THESE WERE ORIGINALLY THE
HOLDINGS THAT WE WERE ABLE TO
SEE. THROUGH A DOCUMENT
AVAILABLE ON THE EVEN VESTMENT
OFFICERS WEBSITE.
HOWEVER THIS IS FROM AS OF
DECEMBER OF TWO THOUSAND TWELVE
HOWEVER NOW IT IS NO LONGER
PUBLICLY AVAILABLE IN THE SAME
WAY WHICH I'M ASSUMING IS
BECAUSE THE INVESTMENTS ARE NOW.
PASSIVE PASSIVELY MADE BUT
THAT'S JUST FOR CONTEXT.
BUT AS THE CHIEF INVESTMENT
OFFICER SAID WE ARE STILL
INVESTED ABOUT SEVENTY FIVE
MILLION IN TURKEY SO THE AMOUNT
IS THE SAME BUT THE ACTUAL
HOLDINGS ARE DIFFERENT.
SO GOOD AFTERNOON CHAIRMAN
POINTING HONORARY SANDERS THANK
YOU SO MUCH FOR GIVING US THE
OPPORTUNITY TO APPEAR FUN OF YOU
TODAY AND. TALK ABOUT A VERY
IMPORTANT ISSUE MY NAME IS
AUTUMN ON JOHN. ON CURRENTLY
IT'S THIRTY YEAR AT UCLA AND I
HAVE BEEN A UCLA SINCE FRESHMAN
YEAR AND BEYOND THE RIGOROUS AND
SUBSTANTIVE EDUCATIONAL
EXPERIENCES I HAD. THE MORE TIME
I SPEND ON CAMPUS THE MORE I
REALIZE THAT THE MOST FRUITFUL
LIFE EXPERIENCES I'VE HAD WE'RE
LEARNING OUTSIDE OF MY COSTUMES.
FROM ALL OF THEM I USE THE
COMMUNITY HAD TO OFFER ME. I
COULD SEE WITH NO DOUBT IN MY
MIND THAT I WAS INFORMED I WAS
GUIDED AND I WAS GROWN AS AN
INDIVIDUAL. BUT BEING PRESENTED
TO THE VARIOUS CAUSES THE VERY
IS GROUPS AND THE VARIOUS
PASSIONS THE OUTSIDE WORLD SO
DESPERATELY LIKES.
BEYOND TEST TAKING SKILLS BEYOND
TIME MANAGEMENT BEYOND RESEARCH
GOES ANOTHER EXPECTED RESULTS OF
A TWENTY FIRST CENTURY COLLEGE
EDUCATION. I'VE BEEN EXPOSED TO
VERY EASILY LEVELS OF LEADERSHIP.
EMPATHY HONOR RESPECT COMMUNITY
AND SO MUCH MORE.
I'VE BEEN RAISED BY VILLAGE IN
THIS CASE WESTWOOD VILLAGE COULD
BE.
VOICE FOR THINGS THAT I'M
PASSIONATE ABOUT. AND
SIMULTANEOUSLY LEARN FROM OTHERS
AND THOSE AROUND YOU. BOTH SAT
IN AN EXCITED FOR THE ONE YEAR
REMAINING FOR ME AS YOU SEE
STUDENT. ANY USE YOU ALONE CAN
TELL YOU LIKE MY COLLEAGUES.
SITTING NEXT TO ME THAT NOWHERE
IN THE WORLD KIND OF PUBLIC
UNIVERSITY OFFERS SO MUCH.
IT IS NO COINCIDENCE THAT
BERKELEY AND LA OR RANK THE TOP
PUBLIC UNIVERSITIES IN THE
ENTIRE WORLD SD AND SV GRADUATES
ARE MAKING THE MOST INNOVATIVE
STRIDES IN THEIR FIELDS LIKE
MEDICINE AND BUSINESS. DAVIS
MERCED SANTA CRUZ UCSF. IRVINE
THEY'RE ALL HOUSEHOLD NAMES TOO
BUT WITHIN OUR STATE AND OUTSIDE
OF OUR BORDERS.
ALTHOUGH WE CAN AND SHOULD DO
BETTER UC SYSTEM IS DOING PRETTY
WELL FOR ITSELF.
DO YOU SEE BRAND REPRESENTS ME
YOU AND EVERY CALIFORNIAN.
AND.
IT REPRESENTS TOMORROW'S
INNOVATORS THAT ARE IN THE HALLS
OF SCHOLARSHIP TODAY.
A SIMPLE VISIT TO THE UNIVERSITY
OF CALIFORNIA'S WEBSITE WILL
SHOW YOU. THE VALUES THAT WE
HOLD AS THE COMMUNITY AS A YOU
SEE COMMUNITY AND THIS IS A
DIRECT QUOTE. AS STEWARDS OF THE
PUBLIC TRUST WE BELIEVE IN
ETHICAL BEHAVIOR INCLUSIVENESS
TREATING EACH OTHER WITH RESPECT
ACCOUNTABILITY AND TRANSPARENCY.
WE AIM TO BE THE BEST THAT WE WE
DO AND WE VALUE AND ENCOURAGE
OPEN DIALOGUE.
THAT I SEE THESE VALUES EVERY
DAY ON MY CAMPUS IN MANY WAYS. I
SEE AND FEEL IT ALL THE TIME
HOWEVER.
AS A PROBLEM IN AMERICAN. I HAVE
COME TO TRY AND VOICE THE
CONCERNS OF MY FELLOW ARMENIANS
ON CAMPUS FELLOW STUDENTS OF
VARIOUS BACKGROUNDS. AS YOU
HEARD THE WILL OF ALL STUDENT
BODIES OF THE UC CAMPUSES. IT IS
COMMON CONSENSUS AMONGST ALL IN
THE LAW. THAT MONEY OF PUBLIC
ENTITIES SHOULD INTO EXTREME
SCRUTINY. TO ENSURE THAT OUR
PUBLIC FUNDS ARE IN A GOOD PLACE
AND UNFORTUNATELY BASED ON THE
MOST RECENT PUBLIC. INFORMATION
AVAILABLE TO US OVER SEVENTY
FIVE MILLION DOLLARS OF YOU SEE
MONEY IS INVESTED IN GOVERNMENT
BONDS.
THIS REALITY IS TO ME AND TO ALL
UNDERGRADUATE STUDENT BODIES
UNACCEPTABLE. THE UC SYSTEM'S
INVESTMENT IN THE REPUBLIC OF
TURKEY MEANS QUITE A FEW THINGS
FIRST OF ALL IF YOU HEARD IT
DOESN'T MAKE FINANCIAL SENSE.
GOVERNMENT BONDS REQUIRES
STABILITY AND THE TURKEY OF
TODAY IS FAR FROM THAT.
IT'S COOL TEN TO YEARS AGO ITS
CURRENT AUTOCRATIC REGIME AND
CONCEALING ATTACKS ON ETHNIC
MINORITIES IN AND OUTSIDE OF ITS
BORDERS SO ON AND SO FORTH. THE
ALL PRESENT A CLEAR AND PRESENT
DANGER.
BUT BEYOND FISCAL RESPONSIBILITY
THERE'S MUCH MORE TO THE
INVESTMENT OF MINE AND MY FELLOW
YOU SEE STUDENTS MONEY THAT
SHOULD MAKE IT OBVIOUS THAT
MAKES IS SO RIDICULOUS TO INVEST
IN TURKEY.
TO INVEST IN THE DENIAL OF
GENOCIDE.
TO INVEST IN THE DEN AND
COMMUNITY MARGINALIZATION AND
ESSENTIALLY ON THE ATTACK ON THE
U. C. VALUES WE CLAIM TO HOLD SO
DEAR. THE TURKISH GOVERNMENT
WITH NO DOUBT ACTIVELY ENGAGES
AND GENOCIDE DENIAL THE WORST
THING HUMANITY HAS EVER INVENTED
IS BEING PLAYED WITH THROUGH
LOBBYING EFFORTS THROUGH FAKE
NEWS THROUGH AN ACTIVE EFFORT TO
MAKE SURE PEOPLE WHO LOOK LIKE
ME. ARE NEVER POLITICALLY
ENGAGED AND INVOLVED IN THEIR
COMMUNITIES. THE USE INVESTMENT
IN TURKEY A LAWSUIT AT A LONDON
IS RULING REGIME OF TURKEY TO
FUND AN ADVOCATE FOR THE NEW
YEARS NUMEROUS HUMAN RIGHTS
VIOLATIONS IT COMMITS.
THE GOVERNMENT OF TURKEY WITH
ALL ITS PRESENT FLAWS HAS ALWAYS
ENGAGED IN THE PRODUCTION OF
FALL SCHOLARSHIP. OF PAYING OFF
PROFESSORS AND INSTITUTIONS OF
SUPPORT A FALSE NARRATIVE. AND
ADVOCATE FOR A WORLD IN WHICH
JUSTICE WILL NEVER SEE THE LIGHT
OF DAY. AS A UC STUDENT IS A
DISAPPOINTING REALITY I HAVE TO
CARRY ON MY SHOULDERS KNOWING
THAT THE SCHOOL AND SO PROUD AND
GRATEFUL FOR IS NOT ONLY
COMPLACENT BUT INVESTED IN ALL
THAT TURKEY IS NOTORIOUS FOR. IF
WE ARE SERIOUS ABOUT ARE YOU SEE
VALUES. HOW CAN WE INVEST IN
TURKEY AND BE THE CHAMPIONS OF
ETHICAL BEHAVIOR? HOW CAN WE BE
ADVOCATES FOR TRANSPARENCY WHEN
THE UC REGENTS INVESTMENTS ARE
NO LONGER PUBLICLY AVAILABLE?
HOW CAN WE BE INNOVATORS AND
LEADERS TOUTING THE MERITS OF
THE BEST RESEARCH INSTITUTIONS
IN THE ENTIRE WORLD WHEN WE
ENABLE THOSE WHO TRY TO FALSIFY
SCHOLARSHIP? AND RESEARCH TO
SERVE THEIR OWN YOU POLITICAL
INTERESTS HOW CAN WE HOLD OUR
LEADERS ACCOUNTABLE WHEN NOT ONE
SINGLE NOBLE WAS CAST. WHEN
EVERY SINGLE UNDERGRADUATE
CAMPUS IN THE UC SYSTEM VOTED TO
DIVEST FROM FROM TURKEY.
CLEARLY THE UC REGENTS NEED TO
LISTEN TO THE STUDENTS THEY
SERVE UP HOLD THE RESPONSIBILITY
TO INVEST RESPONSIBLY. ME THE
MOST ON WEAVING EXAMPLES OF THE
UC VALUES WHICH MAKE US SO
SUCCESSFUL.
I'M NOT HERE TO MAKE A STATEMENT.
ASKING ANYONE TO TRY AND
UNDERSTAND THE TRAUMA OF THAT ME
AND MY COMMUNITY FEEL OVER A
HUNDRED YEARS LATER OR TRY AND
MAKE THIS ABOUT ME AS AN
INDIVIDUAL BECAUSE OF MY LINEAGE.
I'M HERE TO TRY AND TELL ANYONE
WILLING TO LISTEN.
THAT WE ARE NOT SATISFIED WITH
THE STATUS QUO. WE ARE NOT OKAY
WITH THE FACT THAT OUR TUITION
MONEY IS INVESTED IN THE
CONTINUATION OF TRAUMA FOR
PEOPLE LIKE ME NO FAIR AND
HONEST SCHOLARSHIP FOR YOU SEE
STUDENTS. AND THE VIOLATION OF
OUR VALUES TO EVERYONE ELSE
THERE'S A CLEAR CORRELATION WITH
YOUTH ACTIVISM AND STUDENT
MOVEMENT THAT TRANSLATE INTO
COMMON SENSE POLICIES OF TODAY.
BUT AS CALIFORNIANS PARTICULARLY
YOU SEE COMMUNITY MEMBERS IT IS
NOT ONLY WRONG BUT YOU'RE
RESPONSIBLE TO WAIT. THE TIME TO
DIVEST OUR FUNDS. EVERY SINGLE
CENT.
EVERY SINGLE CENT.
IS NOW.
I WOULD. LIKE TO THANK YOU ALL
FOR GIVING US THIS OPPORTUNITY
TO SPEAK OF IF YOU GUYS HAVE ANY
QUESTIONS WE WELCOME THAT RIGHT
NOW.
THEIR KIDS WE CAN CLAP FOR.
YEAH. STUDENTSI'M A DAD I CAN'T
HELP IT.
FOR YOU GUYS.
IS ORDINARILY WE WOULDN'T
CLASSIFIED YOU GUYS ARE SPECIAL.
THANK YOU FOR YOUR PASSION AND
FOR YOUR.
ARTICULATION OF OF THE OF THE
ISSUE AND.
I DO NOTE THAT MISTER PARKER
WANTS TO ADD A LITTLE BIT OF
COMMENTARY ON THE THE FIGURES.
AND ACTUALLY ONE OF THE ISSUES
WE WANT TO HIGHLIGHT IS THE LACK
OF TRANSPARENCY IS THIS
INFORMATION SHOULD BE MORE
READILY AVAILABLE AS IT WAS BACK
IN TWO THOUSAND TWELVE. SO IF
YOU WANT TO COMMENT ON MAYBE THE
DIFFERENCE BETWEEN THE PORTFOLIO
THAT IN TODAY AND THEN WE'LL GO
INTO OTHER QUESTIONS. THE FIRST
WELL THANK YOU FOR YOUR.
ARTICULATION OF THE.
THE CASE AROUND DIVESTING FROM
TURKEY.
.
AND.
I MEAN I DEEPLY BELIEVE IN
TRANSPARENCY AND WHERE PUBLIC
INSTITUTION SO I MEAN THE DATA
IS YOUR RIGHTLY DESCRIBING FROM
TWO THOUSAND TWELVE WE SHOULD
HAVE DATA ON OUR WEBSITE THAT.
HE IS A FAIRLY ACCURATE BECAUSE
WE DO DISCLOSE DATA EVERY YEAR
AT THE END OF FISCAL YEAR SO
WHAT WE CAN COMMIT TO DO IS TO
MAKE SURE THAT YOU HAVE ACCESS
TO THAT DATA.
SHORTLY AFTER THIS MEETING WILL
GO AND GET IT TO YOU.
THE REASON YOU'RE PROBABLY NOT
SEEING ANYTHING THAT IS
EXPLICITLY DEFINED AS HOLDINGS
IN TURKEY'S BECAUSE AS I
DESCRIBED EARLIER.
WHAT I DESCRIBED TO YOU WAS BACK
IN TWO THOUSAND AND TWELVE
BEFORE I JOINED WE WERE MAKING
ACTIVE DECISIONS TO BE INVESTED
IN REGIONS THE WORLD AND BY THE
WAY? MAKING ACTIVE DECISIONS.
IN THESE REGIONS WAS NOT
NECESSARILY CORRELATED TO THE.
GEOPOLITICAL ENVIRONMENT IN
THERE AND I AND I KNOW WE'VE
TALKED ABOUT DICTATORSHIP BUT.
THIS IS A WEEK WHERE CHINA COULD
EVOLVE INTO A STRICT
DICTATORSHIP.
IN ANY ANY POSSIBLE WAY AND IT
IS STILL EMERGING AS THE LARGEST
ECONOMY IN THE WORLD AND I COULD
EASILY MAKE ARGUMENTS FOR YOU.
AROUND THE IMPORTANCE OF
DIVESTING FROM CHINA FOR ALL THE
SAME REASONS THAT WE'VE
ARTICULATED HERE TODAY SO IT'S
VERY HARD FOR US TO MAKE THOSE
CASES. SORT OF.
ACTIVE DECISIONS ON WHICH
COUNTRIES TO BE INVESTED IN AND
THAT'S WHY WE WE'VE GONE PASSIVE
IN OUR APPROACH BUT WE'LL GET
YOU ALL THE DATA TRANSPARENTLY
SO YOU COULD SEE THAT.
AND ALSO ANYTHING YOU NEED I
MEAN FEEL FREE TO REACH OUT TO
US. DIRECTLY IN OUR OFFICE.
SO WE CAN.
HELP YOU SOLVE ANY MYSTERY THAT
YOU MIGHT HAVE FROM A LACK OF
INFORMATION BUT THAT CERTAINLY
WE WE WE AIM IN PLACE TO BE
TRANSPARENT THAT'S OUR GOAL AND
THAT'S WHO WE ARE.
RIGHT EVEN VERY.
I'VE BEEN VERY IMPRESSED WITH
YOU TODAY SO THANK YOU AND YOU
GUYS.
JUST KNOCKED IT OUT OF THE PARK
AND IF ANYBODY HAS ANY QUESTIONS
FOR OUR STUDENTS.
NOW OR WAS IT EXCELLENT
EXCELLENT THAT PRESENTATION.
MAYBE I COULD. THE SMALLER.
PROVIDE A MAYBE A LITTLE
DIFFERENT PERSPECTIVE.
.
MY PARENTS SURVIVED.*
OCCUPATION IN THE NETHERLANDS.
SO FORTUNATELY SURVIVED ARE I
WOULD NOT BE HERE.
AND SO THE IMMIGRATED TO THIS
COUNTRY IN NINETEEN SIXTY.
SO.
I COULD CARRY A LOT OF BAGGAGE.
FOR A LOT OF FRUSTRATION.
.
IN A WAY BECAUSE I'VE NOW
ADMITTED THAT I'M DUTCH. IF YOU
GOOGLE NETHERLANDS AND TURKEY
AND RELATIONS.
WHICH I DID.
YOU KNOW JUDGE WOULD DRAW
AMBASSADOR TO TURKEY AS
DIPLOMATIC SPAT. DEEPENS TURKISH
DUTCH FOREIGN RELATIONS
BREAKDOWN AMBASSADOR RECALLED.
NETHERLANDS TURKEY FILTER HE'LL
DIPLOMATIC RAFT DUTCH PARLIAMENT
RECOGNIZES. NINETEEN FIFTEEN
ARMENIAN MASSACRE AS GENOCIDE
TURKEY CONTENDS DUTCH
PARLIAMENT'S RECOGNITION OF
ARMENIAN HITS ARE THIS IS LIKE
JUST SIX DAYS AGO THIS. FUN
ACTIVITY THAT'S GOING ON SO I.
I I I CAN APPRECIATE THAT.
BUT I DON'T THINK WE'VE
DIVERSIFIED OUT OF JAPAN OR
GERMANY.
IN OUR PORTFOLIOS SO WORD WERE
JUST TRYING TO INVEST.
FOR VALUES SO.
THERE'S GOT TO BE SOME BALANCE
BETWEEN THE. DIFFERENT THERE'S A
DIFFERENT WELL THERE IS A
DIFFERENCE BECAUSE IF IT THERE'S
WE DON'T HAVE THE TERM DENIAL.
INVOLVED.
.
SO I APPRECIATE THAT BUT I'M
JUST SAYING MAYBE IT'S AN OLDER
PERSON WHO'S. CERTAINLY COULD
HAVE A LOT OF.
REACTION I'M JUST TRYING TO FIND
WHERE THE BALANCES AND AGAIN IT
WAS A QUESTION I ASKED YOU
EARLIER IS. IS HOW DO WE FIND
THE ABILITY FOR YOU TO MANAGE
THE MONEY. SO THAT WE.
PROVIDE THE.
INVESTMENT RETURNS THAT WE'RE
EXPECTING FROM YOU WITHOUT.
TRIPPING YOU UP WITH WITH
EVERYTHING BUT ALSO LETTING YOU
KNOW HEY.
THERE'S A LOT OF US ARE HAVING
SOME REAL DIFFICULTIES WITH THIS
ONE PARTICULAR.
COUNTRY SO I'M I JUST WOULD PUT
THAT AS A PERSPECTIVE NOT AS AN
ARGUMENT BUT JUST AS A
PERSPECTIVE FROM ONE. ONE PERSON
JUST SUCH AS YOU GO FIRST.
JUST I MEAN JUST TO CLARIFY AS
WELL THE REASON WHY WE WENT INTO
SUCH DETAIL ABOUT TURKEY'S
CURRENT STATE IS BECAUSE THEY
ARE COMMITTING. MASS HUMAN
RIGHTS VIOLATIONS CURRENTLY SO
AGAIN THIS IS NOT A GRUDGE
THAT'S BEING HELD FROM OVER
CENTURIES AGO BUT SOMETHING THAT
IS VERY RELEVANT. BOTH TO THE
ARMENIANS CURRENTLY LIVING IN
TURKEY THE KURDS CURRENTLY
LIVING IN TURKEY THE JEWISH
MINORITY LIVING IN TURKEY SO
THESE ARE STILL VERY CURRENT.
CIVIL RIGHTS ISSUES CIVIL RIGHTS
TO BE HUMAN RIGHTS ABUSES AND
MANY WOULD ARGUE THAT THE
TURKISH GOVERNMENT IS CURRENTLY
COMMITTING GENOCIDE AGAINST ITS
KURDISH POPULATION. THERE'S NO
ARGUMENT TO BE MADE FOR THAT AS
WELL.
FIRSTLY SECONDLY WE ARE IN NO
WAY.
ADVOCATING FOR A DECISION ON
EITHER YOU SEIZE PART OR ON THE
SEA TO CALIFORNIA'S PART THAT
WOULD HURT. THE ENTITY.
BY DIVESTING THAT IS NOT WHAT
WE ARE PUSHING FOR HERE THAT
BEING SAID WE DO FEEL THAT THE
VERY LEAST THERE SHOULD BE A
VERY STRONG EFFORT MADE TO LOOK
INTO ALTERNATIVE INVESTMENTS.
BECAUSE OF ALL OF THE ISSUES
THAT WE HAVE BROUGHT FORTH AND
OBVIOUSLY WE WENT OVER ALL OF
THE PRINCIPLES THAT THE YOU SEE
IS BASED ON. AND WE DON'T FEEL
THAT THE INVESTMENTS THAT ARE
BEING MADE ARE CONSISTENT WITH
THOSE PRINCIPLES AND WE WOULD
JUST LIKE TO SEE IT. INVESTED A
LITTLE BIT MORE RESPONSIBLY IN
DOT.
SEX IF THAT'S SO THEN GOING BACK
TO MY. TWELVE YEARS ON.
ONE OF THE LARGEST PENSION
BOARDS IN THE COUNTRY.
WE WOULD HAVE OUR INVESTMENT
MANAGERS COME EVERY YEAR.
TO TALK TO OUR INVESTMENT
COMMITTEE. SO I'M ASSUMING THAT
YOU SEE HAS AN INVESTMENT
COMMITTEE FROM ITS BOARD THAT.
MEETS ON A QUARTERLY BASIS. YES
WE DO. AND SO. DOES BLACKROCK.
ATTEND THOSE MEETINGS.
IN OUR CASE WE DON'T HAVE THE
INVESTMENT MANAGERS COME TO THE.
SUBCOMMITTEE ON INVESTMENTS THEY
COME AND VISIT US IN THE OFFICE
OF THE CIO BECAUSE THE WAY.
INVESTMENT DEATHS DECISION
MAKING IS DELEGATED IS.
TO THE INVESTMENTS TEAM AND SO
THE BOARD OFF.
REGIONS GET INVOLVED IN ASSET
ALLOCATION DECISIONS BROADLY
SPEAKING. IN TERMS OF WHETHER
WERE INVESTED IN STOCKS OR BONDS
OR OTHER TYPES OF ASSETS. BUT
NOT AT THE LEVEL OF A SPECIFIC
CHOICE WE WOULD MAKE. ON A
PARTICULAR INVESTMENT MANAGER SO
WE DO HAVE THE DIALOGUE BUT THAT
DOESN'T HAPPEN AT THE BOARD
LEVEL IT HAPPENS IN OUR OFFICES
AND WE DO ENGAGE. WITH BLACKROCK
IN FACT MORE FREQUENTLY THAN
EVEN ON A QUARTERLY BASIS.
AS AN EXAMPLE WE HAVE USUALLY
THEIR MANAGERS.
I COULD TELL US ABOUT HOW OUR
INVESTMENTS ARE DOING AND HOW
AND HOW THINGS ARE GOING AROUND
THE WORLD.
AND TO EVERYTHING YOU'VE SAID I
HAVE TO TELL YOU THIS IS
PROBABLY ONE OF THE MOST
CHALLENGING. THE CHALLENGING
TIME TO MAKE HEADS AND TAILS ARE
WHAT IS GOING ON. GLOBALLY IN
FACT WE DON'T EVEN HAVE TO LOOK
OUTSIDE OF OUR OWN COUNTRY TO
FIGURE OUT HOW COMPLICATED THE
CORRELATION IS BETWEEN THE STOCK
MARKET. AND THE POLITICAL
ENVIRONMENT AND THAT THAT
COMPLEX CITY TRANSLATES
EVERYWHERE IN THE WORLD FRANKLY
NO MORE DEEPLY THAN EVEN IN
EMERGING MARKETS. AND SAW IT BUT
WE ARE VERY ACTIVELY ENGAGED IN
THESE CONVERSATIONS ALMOST
MONTHLY AT THIS STAGE MISS
SOMETHING JUST TO ASK IT
TECHNICAL QUESTION IS THE BOARD
OF REGENTS.
THE BOARD OF THE RETIREMENT PLAN.
THE BOARD OF REGENTS HAS
ACCOUNTABILITY OVER ALL THE
ASSETS OF THE UNIVERSITY OF
CALIFORNIA WHICH IS A RETIREMENT
PLAN THE WORKING CAPITAL THE
ENDOWMENT AS WELL AS THE CAPTIVE
INSURANCE. ALL ASSETS. ARE ARE
WE MANAGE THAT FOR THE REGIONS
BUT THEN WHO DO YOU REPORT TO
LOSE YOUR BOARD SUBCOMMITTEE ON
INVESTMENTS AND HOW MANY MEMBERS
OF THE REGION'S RUN THAT
SUBCOMMITTEE ABOUT SIX. IN AND
HOW OFTEN IS THAT SUBCOMMITTEE
MEET EVERY TIME THE FULL BOARD
OF REGENTS MEETS THAT MEET THE
DAY BEFORE TO IT'S ABOUT FIVE TO
SIX TIMES A YEAR.
YEAH. ADVICE MISTER CHAIR WHAT
WE WHAT WE WOULD HAVE ON
ANNUALLY AT.
A CONFERENCE LIKE A.
WE HAVE MONEY MANAGER SPEAK AND
WE WOULD ALLOW OUTSIDE
PARTICIPANTS TO COME.
DO YOU DO YOU DO THAT WITH YOUR
SUBCOMMITTEE WE DO AND IN FACT.
FROM BLACKROCK LARRY FINK WHO
IS THE CHIEF EXECUTIVE OFFICER
AND CHAIRMAN SPOKE TO OUR FULL
BOARD. OUR INVESTMENT COMMITTEE.
IS THAT OPEN TO THE PUBLIC
ABSENT ALL OF OUR BOARD MEETING.
THAT WAS IN SEPTEMBER LAST YEAR
ONE SECOND HAVE YOU INVITED THE
STUDENT. RIGHTS ORGANIZATION TO
COME TO THAT. MEETING AND SHARE
THEIR PERSPECTIVE.
WE ARE VERY OPEN TO INVITING
THE STUDENTS IN FACT I WOULD AS
I MENTIONED EARLIER ENCOURAGE
THE STUDENTS TO. EQUALLY.
PRESENT THEIR CASE TO OUR NEXT
IN FACT ON THE THIRTEENTH OF
MARCH. OF COURSE I'M SPEAKING A
LITTLE OUT OF TURN BECAUSE I
NEED TO CONSULT WITH THE REGENTS
ON THIS IN THE SUBCOMMITTEE. BUT
IF IT IF IT ALLOWS FOR THAT AND
IN DIALOGUE ON THE THIRTEENTH OF
MARCH AT UCLA ACTUALLY SO
THERE'S AN AGENDA THAT'S PRINTED
FOR THOSE MEETINGS YES IF WE IF
WE'VE MISSED THE WINDOW BECAUSE
OF THE CLOSENESS OF THIS MEETING
WITH THE NEXT ON THEIR NEXT
MEETING THAT. TAKES PLACE BUT I
WILL TRY TO SEE IF THERE IS AN
OPPORTUNITY ON THE THIRTEENTH OF
MARCH FOR THE STUDENTS FROM UCLA
TO PRESENT IN A SIMILAR FASHION
TO THE SUBCOMMITTEE ON
INVESTMENTS THAT I THINK THE.
THE SELECT COMMITTEE WOULD MAKE
THAT RECOMMENDATION TO THE YOU
SEE THAT.
AT THE VERY LEAST ALLOW THE
STUDENT REPRESENTATIVES TO COME
MAKE THEIR THEIR ARGUMENT AND. I
TRY TO GET THEM THE END UPDATED
INFORMATION BEFORE THAT AS WELL
SO THEY HAVE THE CURRENT
INFORMATION TO SPEAK TO BUT I
THINK THAT WOULD BE VERY.
APPROPRIATE.
DO YOU ALLOW MEMBERS OF THE
PUBLIC TO SPEAK AT THIS EVENT
ABSOLUTELY EVERY MEETING BEGINS
WITH PUBLIC COMMENT MEYER
QUESTIONS ACTUALLY HAVE IT IS A
GENOCIDE. YEAH THAT'S THAT'S
WHAT I DID YESTERDAY IS BEYOND
JUST PUBLIC COMMENT IT'S
ACTUALLY AN ORGANIZED
CONVERSATION LIKE THIS. AND
AGAIN I'M SPEAKING OUT OF TURN
HERE BUT IF I CAN GO ONE STEP
FURTHER I MIGHT SEE IF I CAN
REACH OUT TO THE FOLKS AT
BLACKROCK THAT MANAGE THIS
EMERGING MARKET DEBT MAYBE HAVE
THEM. ALSO MADE AS PART OF
PUBLIC COMMENT TO YOU CAN HEAR
FOR STAND. IN A LIVELY
INTERACTION AND AT LEAST WE CAN
GET ALL THE PROSPECTUS FOR THE
BENEFIT OF THE REGENTS
ABSOLUTELY RIGHT THAT MY WORK IS
DONE THANK YOU MISTER. JUSTICE
TO SUM THIS UP I THINK THE THE
IMPORTANT POINT IS. THE THE
CURRENT ACTIONS WARRANT
DIVESTITURE.
PAST ACTIONS WEREN'T
DIVESTITURE. THE ONLY WAY TO
SEND A MESSAGE THAT THESE ARE
INAPPROPRIATE.
ACTIONS IS TO TAKE ACTION. AND
SO I THINK THAT'S WHAT THE
STUDENTS ARE ASKING AND THIS IS
A TIME IN AMERICA WHERE.
YOUNG PEOPLE ARE ENGAGING.
MAKING A PERSPECTIVE AND MAKING
A DIFFERENCE AND I THINK IT'S
INCUMBENT UPON US AS POLICY
MAKERS TO RESPECT THEIR EFFORTS.
AND RESPECT THE THE PERSPECTIVE
AND I I THINK THE YEAR YOUR
PRESENCE HERE SHOWS THAT. ANY
WILLINGNESS TO TO TAKE IT BACK
BUT I FROM AGAIN FROM OUR
PERSPECTIVE WHAT WE CAN DO TO
GET OUT OF THIS EIGHTY MILLION
DOLLARS. SEVENTY FIVE MILLION
DOLLARS WHATEVER IT IS.
I THINK WOULD BE APPROPRIATE AND
POLICE WORK TOWARDS THAT TO THAT
EFFORT.
ANSWER THANK YOU FOR COMING TO
TO BE HERE WE HAVE A COUPLE MORE
LITTLE BIT PIECES OF BUSINESS.
AND THANK YOU VERY MUCH FOR YOUR
FOR YOUR TIME I RANK UNITED. THE
EFFORT THAT YOU PUT FORWARD.
BEFORE WE. GO TO OUR NEXT TO
PUBLIC COMMENT WE HAVE A
PRESENTATION TO MISTER WHAT
YOU'RE PART OF THIS PRESENTATION.
IF. I'D LIKE TO INTRODUCE IT IN
OUR WHOLE STEP EYOND FROM THE
ARMENIAN NATIONAL COMMITTEE BY
THE CHAIR PERSON IF YOU COULD
COME UP. AND I MET ON THE MARGIN
FROM THE ARMENIAN ASSEMBLY MET
ON I DIDN'T GIVE YOU A HEADS UP
THAT I WAS DOING THIS BUT IF YOU
COULD COME UP HERE COME UP.
BEHIND THE DAIS.
WE WERE IN INCLUDE ANNA IN THIS
PRESENTATION BUT SINCE SHE HAD
TO MOVE ON.
AND GIVEN THAT THIS IS THE.
THIRTIETH ANNIVERSARY OF.
ASSUME GUY PRO POGROM MYSELF
AND MR WILL.
A OFFICIAL CALIFORNIA STATE
SENATE RESOLUTION I WILL TAKE
PUBLIC COMMENT AFTER THE
PRESENTATION BUT I KNOW PEOPLE
HAVE SCHEDULES SO WHEREAS THE
SOON GOT POGROM. TARGETED THE
ARMENIAN POPULATION OF THE
SEASIDE TOWN OF SOON GUIDE IN
AZERBAIJAN IN LATE FEBRUARY
NINETEEN EIGHTY EIGHT.
AND ON FOR OVER TWENTY SEVENTH
MOBS MADE UP OF.
MOBS FORMED IN GROUPS TO ATTACK
AND KILL ARMENIANS IN THE
STREETS IT'S APPROPRIATE THAT
THIS BEING THE THIRTIETH
ANNIVERSARY RESOLVED BY SENATOR
IT'S IMPORTANT TO KNOW. AND
SCOTT THOMAS WILL TRY TO KNOW
THOMAS THAT THEY HONOR THE
pSUIT GOT SOME GUY POKE POGROM.
AND COMMEND THE MANY INDIVIDUALS
AND ORGANIZATIONS IN CALIFORNIA
THROUGHOUT THE INTERNATIONAL
COMMUNITY HAVE WORKED DILIGENTLY
TO SAFEGUARD THE LIVES AND HUMAN
RIGHTS. OF ETHNIC MINORITIES.
LIKE THE ARMENIANS IN AGORA
KIND OF ODD SOCKS AND SURVIVE ON
BEHALF OF THE TWO SENATORS WE'D
LIKE TO PRESENT THIS TO THE TWO.
ARMENIAN ORGANIZATIONS ARE HERE
TODAY AND THANK YOU FOR BEING
HERE AND ON THE SOLEMN THIRTIETH
ANNIVERSARY WE SEND OUR PRAYERS
AND. WELL WISHES TO THE FAMILIES
OF THE DESCENDANTS OF SIMILAR
CASES ON BEHALF OF US.
THANK YOU THINKING ABOUT IT.
YEAH MY LIFE OF OUR SENSES.
GREAT GREAT AND SO WE'RE GONNA
GIVE THIS.
AND.
.
I THINK WE HEARD A LOT OF.
IMPORTANT HISTORICAL AND.
FINANCIAL INFORMATION. THANK YOU
ALL FOR BEING HERE ARE FOR
SELECT COMMITTEE HEARING.
AND THANK YOU TO THE BUDGET
STAFF AS WELL WHO IS HERE. WITH
THAT WE WILL GO INTO PUBLIC
COMMENT SO THAT MICROPHONE IN
THE MIDDLE.
THERE IS FOR PUBLIC COMMENT AND
IF YOU COULD CONFINE YOUR PUBLIC
COMMENTS TO ONE MINUTE I WOULD
APPRECIATE IT BECAUSE I THINK WE
HAVE A BUNCH OF PEOPLE WHO WANT
TO SAY. SOMETHING SO JUST LINE
UP. WHOEVER WANTS TO SPEAK FOR
ONE MINUTE.
SO LET ME GET MY TIMER HERE.
HOLD ON.
CAUGHT.
STOPWATCH ALRIGHT ONE MINUTE
EACH PLEASE. PRISON BOARD YOU
KNOW THANK YOU SO MUCH FOR HIS
HEARING.
LOS ANGELES MY NAME IS SORT OF
THE BATTALION. I WORK FOR THE NC
WAS REGIONAL ON THE GOVERNMENT
RELATIONS COORDINATOR. OF I AM A
FELLOW KELSO FROM UC SANTA
BARBARA AFTER. GRADUATING I
MOVED TO ARMENIA FOR THREE YEARS.
HOUSING GOODIES AND LIKE YOU
SAID. I WE CAN IT COMPANY AND
HEIDI'S BEEN GOING TO THE TWENTY
PERCENT CONTINUOUSLY.
CONSISTENTLY FOR ABOUT SIX SEVEN
YEARS NOW. I THINK THERE COULD
BE A LOT OF MUTUAL BENEFITS
PROCEEDED CALIFORNIA AND.
REPUBLIC OF ARMENIA.
JEOPARDY CATION TECHNIQUES
AGRICULTURAL TECHNIQUES. THE
THERE'S A LOT OF WIND BEINGS.
CREATED AND GROWN IN A
CALIFORNIA AND NON. DAUGHTER UP
VALLEY IN THE IN ARMENIA.
I'VE BEEN TAUGHT SELF CLIVE I'VE
SEEN EVERYTHING I'VE BEEN TO THE
FRONT LINES MANY TIMES. SING THE
SOLDIERS THERE. I MEAN IT'S VERY
PRETTY APPARENT WHAT'S REALLY
GOING ON AND I JUST WANT TO SAY
THANK YOU. AND HOPEFULLY THE
CALIFORNIA AND THE REPUBLIC OF
ARMENIA REPUBLIC ABOUT SELF
COULD. WORK TOGETHER TO MAKE
BOTH STATE AND REPUBLICS BETTER
THAN YOU SO MUCH. ALL RIGHT OUR
NEXT SPEAKER IDENTIFY YOURSELF.
DEAR CENTER TANK YOU MY NAME'S
ON OUR. CIVIL AND FROM.
ABOUT. IBM HOJA LEAD AND TO A AS
YOU MENTIONED YOUR SPEECH AND WE
LIKE YOU HAVE BEEN TO ABADAN.
THIS IS A CITY IN NINETEEN
NINETY THREE I SPEND LIKE ONE
YEAR AND THEN. I WAS BORN IN
SOVIET AZERBAIJAN ACTUALLY
NINETEEN IN NINETEEN EIGHTY ONE
AND THEN. AS A AS A RESULT OF
THE.
NOT THE GENOCIDE COMMITTED.
AGAINST MY FAMILY I SURVIVED
ISLAND TENT CAMPS FOR TEN YEARS
IN AZERBAIJAN. AND IN TWO
THOUSAND FIFTY AND I MOVED TO
THE UNITED STATES OF AMERICA.
AND THE. THE MY POINT IS THAT.
AND IT'LL BE MORE FRUITFUL AND
PRODUCTIVE TO HAVE.
UT COMMUNITIES OF CORA BY.
AND THE INDECISION AND MEETINGS
AND LISTEN BOTH SIDES OPINIONS
AND THAT THEIR. STANCE SINCE.
ABOUT THE DAY CALIFORNIANS THAT
CORDOBA CULTURAL AND SOCIAL TIES.
AND IT WOULD IN THIS.
ONE MINUTE FOR MINUTE OF.
TIME FRAME AND.
ELEVEN MUSHROOM TO EXPRESS WHAT
YOU WANT TO EXPRESS BUT THAT'S A
BIT MORE. PRODUCTIVE IN THE
FUTURE LIKE A.
MEETINGS OVER US THANK THANK
YOU FOR AGAIN FOR JUSTICE.
HI MY NAME IS AMY I'M A
AZERBAIJANI AMERICAN. VISITED
OTHER BUT JOHN MULTIPLE TIMES
AND. I'VE WITNESSED MYSELF THE
EIGHT HUNDRED THOUSAND
AZERBAIJANIS THERE WERE
DISPLACED FROM THEIR LAND IN
GARB.
WE DISCUSS THE SOON RIGHT A
TRAGEDY EARLIER AND.
.
YES IT WAS A CRIME IT WAS
COMMITTED.
TWENTY SIX ARMENIANS AND SIX IS
ABOUT JOHNNY'S WERE KILLED
DURING THE SEARCH THESE TRAGIC
THESE. ALL PERPETRATORS WERE
HELD ACCOUNTABLE AND BROUGHT TO
JUSTICE AND I WOULD LIKE TO
MENTION THE ONE OF THE
PERPETRATORS HIMSELF BY THE NAME
OF GREGORY ON. WAS ARMENIAN.
BUT WHAT ABOUT THE KILLING OF
THE SIX HUNDRED THIRTEEN
AZERBAIJANI CIVILIANS BY
REMAINING TRIPS AND HOTEL IT.
JUST FOUR YEARS LATER IN
NINETEEN NINETY TWO. NONE OF
THESE PERPETRATORS ARE BROUGHT
TO JUSTICE WILL YOU BE UNBIASED
AND FAIR AND HOLD A HEARING ON
THE WHOLE JOB MASKER AS WELL.
THE QUESTION IS THE QUESTION
BECAUSE YOU MENTIONED THE SONG I
MUST MASTER AND THIS WAS TWENTY
SIX PEOPLE WHICH ONE WAS
ACTUALLY ARMENIAN THE COMMITTED
THIS CRIME THIS IS A. THIS IS
THE PUBLIC COMMENT SECTION I
CERTAINLY WILL DO MY RESEARCH
AND LET US I I PULL I WOULD
REALLY APPRECIATE THAT BECAUSE
AS AN AMERICAN. I WOULD LIKE YOU
TO TAKE ON BIAS APPROACH THIS
AND HEAR BOTH SIDES OF THE STORY
THANK YOU FOR AND THAT'S WHAT
YOU'RE SHARING TODAY AND WE'LL
GO TO THE NEXT WEEK OR SO THANK
YOU.
GOOD AFTERNOON MY NAME IS A
DEALER AND I WAS BORN AND RAISED
IN BECAUSE IT BY JOHN MY MOTHER
WAS BORN OVATION GARBA.
AGGRESSION A BY ARMENIA AGAINST
AZERBAIJAN HAS TURNED A ONE
MILLION AZERBAIJANI INTO INTO
REFUGEES AND INTERNALLY
DISPLACED PERSONS.
SO THESE ARE THE RIGHT JOHNNY
CIVILIANS HAVE BEEN GROSSLY
VIOLATED. WHAT CAN THE SELECT
COMMITTEE TELL THOSE ONE MILLION
AZERBAIJANIS? WHO STILL WAIT TO
RETURN TO THEIR HOMES AND LANDS?
AND. ANOTHER ANOTHER QUESTION
THANK YOU KEEP. MAKING YOUR
PRESENTATION AND THEN I'LL MAKE
A COMMENT AT THE END THANK YOU.
GOOD AFTERNOON MY NAME IS YASSIN
I'M AS AZERBAIJANI AMERICAN
STUDENT AT UC BERKELEY.
EARLIER THIS WEEK YOU RECEIVED
AN EMAIL ASKING YOU TO LET US
BRING A MEMBER OF OUR
AZERBAIJANI COMMUNITY HERE TO
TESTIFY ALONGSIDE THE ARMENIAN
SPEAKER IN ORDER TO PRESENT THE
AZERBAIJANI PERSPECTIVE OF THIS
CONFLICT AS WELL. MY QUESTION IS
TO USE WHY YOU HAVE CHOSEN TO
ONLY PERCENT ONE SIDE OF THIS
PERSPECTIVE WHEN THERE'S SUCH A
FUNDAMENTAL DISAGREEMENT FROM
BOTH SIDES AND THERE ARE SO MANY
OTHER VOICES THAT NEED TO BE
HEARD. AND I MAKE A COMMENT WHEN
ALL THE PUBLIC COMMENT STUNTS
THAT THANK YOU THANK YOU.
THERE FOURTEEN OF THANK YOU VERY
MUCH FOR HOLDING THIS HEARING MY
NAME IS NOT TO MUCH ON. WEST
REGION DIRECTOR ME AS SOMEBODY
AMERICA. I JUST WANT TO.
RESPOND ACTUALLY TO STUDENTS
HERE OF AZERBAIJANI DESCENT. WHO
OF FALSELY?
WAIT.
HE THE TRAGEDY IN HOTEL DUE TO
GENOCIDE.
IT'S CLEARLY. NOT A GENOCIDE
IT'S IT'S A TRAGEDY BUT ONE
THING IS FOR CERTAIN.
THE PROBLEM IN AZERBAIJANI
JOURNALIST WHO DIED AT A VERY
YOUNG AGE CAN DISMISS THE FIVE.
HE DOCUMENTED THE HOTEL THE
TRAGEDY. AND HIS.
VIDEO DOCUMENTATION CLEARLY
SHOWS THAT ARE ARMENIAN FORCES
HAD FOREWARNED.
AZERBAIJANI CITIZENS
AZERBAIJANIS WHO WERE LIVING IN
HOTEL WHO HAVE FOREWARNED THEM
DAYS IN ADVANCE. THAT THERE WAS
GOING TO BE.
A LOT OF.
OF OF OF FIERCE FIGHTING IN
FALLUJA LOU.
AND THEY WERE WARNED ACCORD OR
WAS ALSO OPENED BY THE ARMENIAN
TROOPS TO ALLOW FOR CIVILIANS TO
PASS THROUGH AZERBAIJANI
CIVILIANS. MANY CIVILIANS THAT
PASSED THROUGH.
BUT MANY DID NOT. AND MISSED THE
FIVE AND AND THERE ARE OTHER
JOURNALISTS. AZERI JOURNALISTS
WHO ATTEST TO THE FACT. THAT.
MANY AZERBAIJANIS WERE WERE
KILLED.
BECAUSE THEY DID NOT LEAVE A
WHEN THAT QUARTER WAS A BILL TO
THEM. AND LAST BUT NOT LEAST IT
IS APPARENT THAT AZERBAIJAN THE
GOVERNMENT THE. DYNASTIC
DICTATORIAL GOVERNMENT OF A ILL
HAVE ALL YET AND HIS AND HIS
FATHER. USED TO USE FOOTAGE OF
THE WAR IN BOSNIA. THE WAR IN
CHECHNYA. TO TRY TO CLAIM THAT.
THE THAT THE TRAGEDY SAID THAT
HAPPENED IN FACT IN CHECHNYA AND
BOSNIA WERE IN FACT HAPPENING
APPROACH OTHER WHICH IS NOT A
CASE. THEY'VE BEEN USING IT EVEN
RE HASHING VIDEO FOOTAGE AND AND
PHOTOS OF OTHER WARS TO TRY TO
CLAIM THAT WHOLE JOE WHO WAS A
GENOCIDE. A AND AND IT'S ENDS OF
THE EARTH THANKING THE FALSE OF
A PROVOCATION BY THE IDEA OF
REGIME THEY TAKE VERY MUCH. NEXT
SPEAKER.
HI I'M I'M AN AMERICAN AND THIS
IS MY FIRST TIME ACTUALLY AT A
HEARING LIKE THIS AND I AM.
TO BE HONEST SHOCK AND.
SOLUTION EYES WHAT. UNITES
STATES IN CALIFORNIA HAS OFFERED
FOR ME EYES DEMOCRACY I WAS
HOPING TO SEE SOMETHING FROM THE
TWO SIDES THAT WE ARE MOVING
TOWARDS A WORLD THAT WE COULD
LIVE IN PEACE SPECIALLY AT THIS
TIME. BUT I WAS SITTING HERE
JUST. AND SHOCK OF THINKING OKAY
WHAT HOW COME THERE WAS NO REACH
THAT AZERBAIJANI COMMUNITY TO
THE OTHER SIDE TO ASK. WHAT IS
YOUR PERSPECTIVE ON THIS BECAUSE
OF CONSTITUENTS AND SOUTHERN
CALIFORNIA NORTHERN CALIFORNIA
ALL OVER CALIFORNIA WE HOPE YOU
HEAR OUR VOICES? AND ACT UPON
THOSE ARMS SO I WANT TO ASK HOW
CAN WE GET INVOLVED WITH YOUR
OFFICE TO LEARN MORE ABOUT SUCH
HEARINGS OR ANY OTHER SORT OF
FUN THAT'S COMING UP. SO WE CAN
ALSO PUT ON OUR SIDE OF THE
STORY SO YOU CAN SEE ALL OF THE
FACTS AND MAKE.
DECISIONS OFF OF BOTH.
I'M SURE I FOLLOW UP AFTERWARDS
WHO SHOULD I CONTACT. LOOSEN A
FROM MY OFFICE SO MAKE SURE YOU
GIVE HER YOUR EMAIL YET THANK
YOU THANK YOU FOR.
GOOD AFTERNOON MY NAME IS KEVIN
AS THEN I'M ALSO AN AMERICAN.
AND I DON'T KNOW THAT THIS WAS A
HEARING ABOUT PARTICIPATION IN
ARMENIA BUT IT WAS A HEARING
ABOUT TOOK A DIVESTMENT. SOMEONE
SPEAK ABOUT TURKEY DIVESTMENT.
IN GOING TO THIS HEARING. WITH
MY GRANDMA. WITH THE HARTFORD CT
WHOSE WHOLE FAMILY WITH. A SENSE
THERE AND KILLED BY THE TURKS.
WHICH SHE SAID IF THERE'S A WILL
THERE'S A WAY.
SO. ALL WE'VE HEARD IS WHY IT
CAN'T BE DONE.
WE WOULD LIKE TO SHOW WHY THEY
COULD DIVEST HOW CAN WE DIE WAS
NOT ALL OF THE REASONS WHY CAN'T
BE DONE THANK YOU.
HI THERE. MY NAME IS SAMIR
TWENTY YEAR BY LEAVING HIS PART
OF CALIFORNIA.
I HEARD ALL THIS YOU KNOW
WHAT'S GOING ON EVERYTHING IS
GOOD. IF IT COMES TO ECONOMIC
AND BENEFIT OF THE. NATION'S OR.
ENOUGH FOR HIM.
AND ALL THAT. AND THEN YOU GUYS
MENTIONED THAT ADVERSITY
THIRTIETH ANNIVERSARY AFTER SOME
RIGHT. I BELIEVE THOSE DAYS I
WAS IN.
BUCKLED THAT TIME ON I KNOWN. AS
SOON RIGHT WHAT HAPPENED TO SOME
GREAT ALSO IN BAKU. BUT THAT ONE
I JUST WANNA SAY TO ARMENIAN
COMMUNITY WHO LIVES HERE IT ON.
IMPORTANT.
ENOUGH THAT BOND ORGANIZED BY
KEEP KGB AND THIS IS WHAT GOOD
YOU GOT YOUNG HE KILLED AT A
GRADUATE FROM THE LAW OFFICE.
UNIVERSITY OF BACH.
HE KILLED SEVEN ARMENIANS HERE
RAPED I MEAN YES IT'S THE KGB.
ORGANIZED ACT.
I KNOW BOTH NATIONS NOT ON HIS
KILLERS YOU HAVE TO BE TRAINED
TO BE KILLER. THAT'S THAT MY ONE
POINT ANOTHER TANK IS.
WHEN WE SAY.
ABOUT YOU KNOW CAR BOMB. ART
STUFF WE HAVE TO CONSIDER THAT
THE PEOPLE WHO DISPLACED
INTERNALLY DISPLACED I DON'T
CALL THEM THAT IF YOU DRINK THEY
DISPLACED FROM THEIR OWN. LAND.
ARMENIANS FROM THREE HUNDRED
THOUSAND ARMENIANS. ARMENIAN
DIDN'T. LET THEM TO CALM DOWN
MENU THEY WENT ACROSS ON THAT
MOSCOW. AND UNITED STATES I JUST
WENT ON THE. SAY WE HAVE TO
CONSIDER THE PEOPLE ALSO WHO
BELIEVED IN KARBALA MAYBE THEY
CAN BENEFIT SOMEWHERE ELSE.
THANK YOU THANK YOU.
HI I WANTED TO SPEAK TO THE FACT
THAT THERE IS NO CORRELATION
BETWEEN AZERBAIJAN AND TURKEY.
THERE WAS NO REASON TO HAVE
TURKEY DIVEST IN THIS MEETING.
AND IF YOU WANT TO TALK ABOUT
DICTATORIAL REALLY REGIMES THAT
HAVE COMMITTED MASSACRES. FIVE
DAYS I GOT ABOUT GOVERNMENT IS
BAD REGIME BUT THERE WAS NO
MENTION OF THAT HERE. JOB OF THE
GOVERNMENT WHO ARE MADE OF UP
ARMENIAN MILITANTS WHO MASSACRED
HUNDREDS OF THOUSANDS OF
AZERBAIJANIS. THEY ARE NOW IN
POWER AND THOSE ARE THE PEOPLE
YOU MET WITH WHEN YOU WENT TO
VISIT THEM ON MULTIPLE OCCASIONS.
THERE'S A RELATIONSHIP BETWEEN
THE FACT THAT THE ARMENIAN LOBBY
HERE AN ARMENIAN. CITIZENS HERE
I HAVE BEEN FEEDING YOU THIS
INFORMATION AND YOU AS A.
RESPONSIBLE REPRESENTATIVE OF
ALL OF CALIFORNIA OF ALL
STUDENTS.
ANYONE YOU KNOW IN THIS ROOM
SHOULD HAVE ASKED THOSE
QUESTIONS IT WOULD HAVE BEEN YOU.
AND WE ARE DISAPPOINTED IN YOU.
AS CALIFORNIANS US CITIZENS THE
YOU ARE NOT ASKING THOSE
QUESTIONS OR NOT GETTING THOSE
INFORMATIONS WE ARE AZERBAIJANIS
AND WE WERE KILLED BY ARMENIANS
BY THE GOVERNMENT THAT YOU
SUPPORTED TODAY. SO I AM SHAMED
I'M ASHAMED.
MY NAME IS. HAMID AS AN IDEA.
AMERICAN.
I CAN SEE THIS AS A.
REALLY REALLY I WAS.
SHAMEFUL TODAY WITH SQUAT GONE
IS HERE.
A WE ARE TALKING ABOUT THE
DEMOCRACY WE TALKING ABOUT THE
HUMAN EIGHTY BUT I DIDN'T SEE
TODAY IN THIS ROOM. IF YOU
BELIEVE THAT YOU HAVE TO CHECK.
WHAT THE HAPPENED IN GABAA?
WHAT THE HAPPENED IN COACH ALI?
I DON'T KNOW HOW THE PEOPLE THEY
CAN COME AND TALK SPEAK. ABOUT
DEMOCRACY.
IF YOU TALK ABOUT HERE.
TURKISH GOVERNMENT TURKISH
DEMOCRACY IOWA ASKED WHAT'S THIS.
ARMENIAN DEMOCRACY ALWAYS GOING
OVER THERE REALLY IS IS THERE
SOME DEMOCRACY OVER THERE.
WE'D ALL THE WORLD'S ALL WORLDS
ACCEPTING SIKORA BOMB IS
BELONGING TO. AZERBAIJAN. WHAT'S
GOING O THIS ROOM. HOW TO HOME
BELIEVE THAT IT'S VERY VERY
SHAMEFUL?
THANK YOU.
USE OF A WHOLE.
SHE.
MY NAME IS HELEN HAIG AND I'M ON
THE BOARD HERE IN SOUTHERN
CALIFORNIA THE ARMENIAN ASSEMBLY.
AND I WANT TO THANK YOU FOR YOUR
LEADERSHIP AND I WANT TO THANK
YOU FOR YOUR COURAGE. AND
STANDING UP TO DISINFORMATION
CAMPAIGNS AND ABUSES.
WE TODAY CAME TO TALK ABOUT.
INTERNATIONAL CULTURAL EXCHANGE.
AND THAT IS WHAT YOU FOCUSED ON
FIRST OF ALL. AND IF THE
AZERBAIJANIS WANT.
TRADE RELATIONS WITH CALIFORNIA
THEY CAN PURSUE THAT IN A
POSITIVE WAY WITHOUT TEARING
DOWN.
EFFORTS WITH OTHER COUNTRIES.
AS FAR AS DIVESTITURE GOES
THEY'RE SAYING THEY'RE NOT
CONNECTED WITH TURKEY.
HISTORY SHOWS OTHERWISE.
AND IF THAT'S THE CASE THEN WHY
ARE THEY COMPLAINING AND MAKING
ACCUSATIONS.
ABOUT DISCUSSING DIVESTITURE
WITH TURKEY.
AND NAME CALLING SO AGAIN THANK
YOU FOR YOUR LEADERSHIP.
CHAIRMAN BURTON TINO'S ON FIRST
I'D LIKE TO THANK YOU FOR
ASSEMBLING THIS COMMITTEE AND
HOLDING THIS HEARING TODAY. MY
NAME'S HIKE MOTHER SORRY ON TIME
WITH THE ARMENIAN NATIONAL
COMMITTEE OF AMERICA'S WESTERN
REGION. ALSO APPRECIATE THE
CALLS FOR DIALOGUE I ABSOLUTELY
AGREE. THAT DIALOGUE CAN ONLY
HELP.
FOSTER GREATER UNDERSTANDING.
BUT TO QUOTE THE LATE SENATOR
MOYNIHAN. ROLAND TITLE TO OUR
OPINIONS BUT WERE NOT ENTITLED
TO OUR OWN FACTS. SO WHATEVER
DIALOGUE.
GOES FORTH HAS TO BE PROMISE IN
THE TRUTH. AND.
I AS A UCLA AND UC HASTINGS
ALARM I ALSO APPRECIATE THE
ATTENTION BROUGHT ON THE UC
DAVIS MOVEMENT. IMPASSIONED
PERSON PRESENTATIONS OF THE UCI.
STUDENTS AND RECENT ALARMS. AND
I LOOK AT THIS COMMITTEE I HOPE
THAT'LL BE MORE PERSPECTIVE
CREATING OPPORTUNITIES FOR
CALIFORNIA FOR ARMENIA FOR
ITSELF I COMMEND YOU FOR YOUR
EFFORTS THANK YOU SENATOR.
CENTER PORTENT IN HONOR OF
SERBIAN AS YOU KNOW I'M THE
CHAIR OF THE ARMY NATIONAL
COMMITTEE OF AMERICA WESTERN
REGION WHICH IS THE LARGEST
ARMENIAN AMERICAN GRASSROOTS
ADVOCACY ORGANIZATION. THAT
SEEKS JUSTICE FOR ARMENIA ARE
TOUGH IN THE ARMENIAN PEOPLE I
WANT TO THANK YOU VERY MUCH FOR
YOUR LEADERSHIP IN CREATING THE
SELECT COMMITTEE AS WELL AS
HOLDING THIS HEARING. YOU
COVERED A BROAD ARRAY OF ISSUES
THAT ARE IMPORTANT TO OUR
COMMUNITY AND SHOULD BE
IMPORTANT TO ALL CALIFORNIANS.
AND I BELIEVE THAT YOUR WORK
MOVING FORWARD.
WILL.
.
RESULT IN SUCCESS BOTH FOR
ARMENIAN ARTS OFF AS WELL AS FOR
ALL THE CITIZENS OF CALIFORNIA
SO THANK YOU VERY MUCH.
HI MY NAME IS OUR MINISTRY
MANANA I DON'T TO PRESENT ANY
POLITICAL ORGANIZATIONS I'M A
MOM AND DIE I'M WORKING MY.
SO I WORK FOR IT ERP COMPANY
WHICH IS AN ENTERPRISE RESOURCE.
PLANNING COMPANY SOFTWARE
COMPANY IN. SACRAMENTO ROSEVILLE
CALIFORNIA AND I'M VERY THRILLED
TO HEAR ABOUT ALL THE
INFORMATION ABOUT THE ECONOMY
DAR MINHA AND I WANT TO SAY THAT
I'M HERE TO HELP YOU AS MUCH AS
I CAN. TO FACILITATE THE
RELATIONSHIP BETWEEN ARMENIA AND
CALIFORNIA THERE ARE A LOT OF
RESOURCES OVER THERE MYSELF I
GRADE YOU GRADUATED FROM
UNIVERSITY IN TEHRAN IN ARMENIA.
I DIDN'T GO TO SCHOOL I CAME
HERE I WENT INTO TEACHING
COMMUNITY COLLEGE AND THEN WORK
FOR A COMPANY. PEOPLE HERE
APPRECIATE WHAT WE HAVE THEY
APPRECIATE OUR RESOURCES SO I
WANTED TO HELP YOU IF POSSIBLE
TO SET UP THOSE RELATIONSHIP AND
HEALTH BENEFIT CALIFORNIA FOR
EVERYBODY. THANK YOU.
HELLO MY NAME IS ON THE MONEY
THEY WENT ON SENATOR PERSON TO
KNOW WHAT I THINK TOO.
HARD WORK THAT HE HELPING
TRYING TO HELP I AM I AM DESCENT
OF THAT FROM OUR TOUGH MY
PARENTS ARE FROM TRAUMA REGION
WHICH IS NO LONGER IT'S UNDER I
MEAN IS SO. I WANT TO GO INTO
THE TERRITORY AND MAKE THAT.
KIND OF STATEMENT THAT THIS IS A.
RIGHT OR WRONG IT'S IN FACT WE
DON'T HAVE ALL OF PLACE NOW WITH
THE ONE PLACE BUT MY MOM AND DAD
GROWING UP. MY GRANDPA'S WAS
FORCED TO GET OUT OF THAT PLACE
SO AND LOT OF PEOPLE I GOT A
LIST I DON'T WANT TO GET INTO
DETAILS AGAIN. JUST COMMENTING
THAT PART SAYING THAT WASN'T ANY
WAR WASN'T ANY MANY LOS OVER
HERE BUT I WANT TO THANK YOU AND
NOW. I'M AGAIN I'M NOT IN A
POLITICAL PART OF ORGANIZATION
BUT I JUST WANT TO BE READY TO
HAUL AND WHAT I HEAR WITHIN
THOSE TWO HOURS. IT'S ONLY
HELPING AND IMPROVING PLATES
NOTHING TO GET THE WAR POWERS TO
DIVERSIFY AGAIN THANK YOU. THANK
YOU.
SEEING NO OTHER PUBLIC COMMENTS
OFF CLOSE THE PUBLIC COMMENT
PERIOD AND THEN I WILL MAKE A
COUPLE OF CLOSING COMMENTS SO
THANK YOU ALL FOR COMING OUT.
OBVIOUSLY THE REASON WHY WE
HAVE A PUBLIC COMMENT PERIOD IS
SO THE PUBLIC CAN COMMENT AND
SHARE THEIR OPINIONS AND
PERSPECTIVES AND THAT'S WHY IT'S
HERE.
AND AS YOU SEE THERE WERE A
NUMBER OF FOLKS WITH A DIFFERENT
OPINION AND ALL OF THEM HAD THE
OPPORTUNITY TO TO SHARE THOSE.
THOSE OPINIONS THIS IS THE
CALIFORNIA STATE STATE SENATE
SELECT COMMITTEE ON OUR MEDIA
ARTS TALK IN CALIFORNIA MUTUAL
TRADE.
AND CULTURAL EXCHANGE THAT WAS
THE SUBJECT WE WERE. TALKING
ABOUT TODAY WE WERE TALKING
ABOUT THE AMMO YOU. WERE TALKING
ABOUT THE IMPACT OF THE.
INVESTMENTS RELATED TO A STUDENT
POPULATION. THAT HAS A
SIGNIFICANT REPRESENTATION OF
ARMENIAN AMERICAN STUDENTS.
SO THOSE WERE THE SUBJECTS.
THE EMAILS AND CORRESPONDENCE
THAT CAME AND FRANKLY. LATE TO
THE CONVERSATION.
I DID NOT THINK WERE GERMANE TO
THE SUBJECTMATTER THAT WAS HERE
THEY CAME IN LATE BUT I ALSO
WANT TO MAKE SURE THAT WE HAD AN
OPPORTUNITY FOR THE PUBLIC. TO
SHARE THEIR PERSPECTIVE.
AND THAT IS THE DEMOCRATIC
PROCESS.
WE CAN ALL HAVE DIFFERENT
OPINIONS WE.
LOOK AT HISTORY FOR THE FACTUAL
REPRESENTATION THAT HISTORY HAS
AND SO.
THAT'S WHY WE HAVE THIS
COMMITTEE THAT'S WHY WE HAVE
THIS CONVERSATION AND I THINK
THOSE SAME ISSUES WERE
HIGHLIGHTED A ONE THING I WILL
NOTE IS THE STUDENTS WERE VERY
PASSIONATE. AND THE UC
REPRESENTATIVES.
WERE VERY RESPECTFUL AND THE
CONVERSATION.
I THINK WAS VERY. IMPORTANT AND
I THINK ENDED WITH A GOOD RESULT
AND FURTHER CONVERSATION AND AND
FURTHER.
DISCUSSION FROM THE COMMITTEE'S
PERSPECTIVE OBVIOUSLY I'D LIKE
TO SEE THE YOU SEE.
RESPOND AS IT HAS BEEN
RESPONDING AND CONTINUE TO
RESPOND AND I LIKE TO GET A
REPORT BACK FROM WHEN YOU GO TO
THAT MEETING. OF.
HOW THE REGION'S HANDLE IT SO
THIS WAS OUR FIRST MEETING THERE
WILL BE MORE? WE HAVE AN AMMO
YOU TO TO CONTINUE TO WATER AND
LET GROW AND WE HAVE A LOT OF
EXCITEMENT TO DO THAT SO WITH
THAT THANK YOU EVERYBODY FOR
TRAVELING HERE AND BEING PART OF
THIS.
COMMUNICATION AND ANYBODY WANTS
FURTHER INFORMATION GET LOOSE A
NICE CARD AND WE'LL MAKE SURE
YOU'RE ON THE LIST TO TO BE
INVOLVED IN FEW THEIR COP FUTURE
CONVERSATIONS AND YOUNG PEOPLE.
ON ALL SIDES YOU KNOW AGAIN AS A
DAD I APPRECIATE YOUR PASSION
AND TAKING THE TIME AWAY FROM
YOUR OTHER. THINGS YOU'RE DOING
TO SHARE YOUR PERSPECTIVE SO
THANK YOU AND EVERYBODY HAVE A
GOOD REST OF THE DAY