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EATONTOWN, N.J. — As artificial intelligence rapidly changes how businesses operate, JBiz has announced the JBiz Leadership AI Operations Summit, a two-day executive training program designed to help companies improve productivity, streamline operations, reduce costs, and increase revenue through practical AI adoption.

The summit will take place July 13–14, 2026, at the Sheraton Eatontown Hotel in New Jersey and is geared toward business owners, corporate leadership, management teams, entrepreneurs, and organizations looking to better equip their workforce for an AI-driven economy.

Organizers say the goal is simple: help businesses understand how to effectively use today’s leading AI platforms and determine which tools are best suited for specific business tasks.

“Learning how to use AI is quickly becoming as important as learning how to use computers, email, and the internet became in previous generations,” said Duvi Honig, Founder of JBiz.

Open Ai all, Companies are encouraged to send multiple employees and leadership team members together to maximize results and help integrate AI throughout their organizations.

The shift underway is significant. For decades, businesses relied on large teams of junior employees and support staff to handle research, spreadsheets, presentations, scheduling, customer communications, reporting, and administrative work.

Today, properly trained employees using AI platforms such as ChatGPT, Claude, Gemini, Microsoft Copilot, Grok, and Perplexity can complete many of those tasks faster and more efficiently. Increasingly, companies view AI as a collection of virtual assistants that help employees draft emails, conduct research, analyze data, summarize meetings, create reports, improve communication, and accelerate workflow across departments.

Recent surveys suggest the business impact is growing quickly.

An Oliver Wyman Forum–New York Stock Exchange CEO survey found that 43% of CEOs plan to place less emphasis on hiring junior staff while increasing demand for experienced employees who know how to use AI effectively.

Research from Stanford University, MIT, and Boston Consulting Group has also found that workers using generative AI complete more tasks, work faster, and often produce higher-quality results than workers who do not use AI tools.

One high-profile example came from Citadel Founder and CEO Ken Griffin, who recently said that modern AI systems are performing work that previously required teams of finance professionals, completing in hours or days tasks that once took weeks or months.

Meanwhile, the McKinsey Global Institute estimates generative AI could create between $2.6 trillion and $4.4 trillion in annual global economic value across customer service, operations, software development, research, marketing, communications, and workflow management.

“We are watching one of the biggest operational shifts in modern business history,” Honig said. “The companies adapting early are gaining major advantages, while many businesses still don’t know where to begin. This summit was created to provide practical training businesses can immediately apply.”

Unlike many AI events focused on theory, organizers say the program is designed as a practical, implementation-focused training experience. Participants will learn how to use multiple AI platforms together and understand the strengths of each system.

Training will cover:

  • ChatGPT — communication, writing, workflow support, strategy, presentations, and operational assistance
  • Claude — long-form analysis, contracts, planning, and document review
  • Gemini — Google Workspace integration, collaboration, productivity, and research
  • Microsoft Copilot — Excel, Word, Outlook, PowerPoint, and enterprise workflows
  • Grok — live information analysis and trend monitoring
  • Perplexity — research, sourcing, and market intelligence
  • Additional leading AI platforms and workflow tools

Participants will receive hands-on instruction on applying AI to:

  • Communication
  • Operations
  • Documents and spreadsheets
  • Research
  • Sales
  • Marketing
  • Reporting and presentations
  • Administration and workflow systems

Summit attendees will leave with a clearer understanding of the AI landscape, practical workflows they can use immediately, and strategies to save time, improve productivity, reduce administrative burdens, and strengthen operational performance.

Organizers estimate businesses effectively implementing AI can save employees between 5 and 15 hours per week, potentially creating between $12,000 and $54,000 in annual operational value per employee, depending on role and implementation.

For a company with 10 employees, that could translate into productivity gains ranging from roughly $120,000 to more than $540,000 annually, although actual results will vary by company, industry, and adoption levels.

The summit will feature full-day training sessions from 10:00 a.m. to 5:00 p.m. on both days and will be led by professionals with hands-on experience using today’s leading AI platforms.

Participants will leave with a deep understanding of all platforms, practical skills and a framework for immediately execution integrating AI into their daily responsibilities and business operations.

Limited Seating Available! For corporate inquiries, team registrations, and group packages, Visit or contact Esther@OJChamber.com or 212-659-5270 x104.

JBizNews Desk — New Jersey

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

U.S. stocks saw heightened volatility this week amid investor concerns about financing massive artificial intelligence (AI) projects and shortages of critical components such as memory chips.
Lower oil prices and a solid gross domestic product (GDP) report helped contain the losses, mostly in the tech sector, as investors directed funds into other sectors rather than pulling them out of equities altogether.
For the week, the Dow Jones Industrial Average gained 0.60 percent to close at 51,876. The S&P 500 closed 1.95 percent lower to 7,354, near the low for the week. The Nasdaq Composite was down 4.60 percent, while the Russell 2000 gained 1.02 percent.
The Chicago Board Options Exchange Volatility Index closed the week at 18.41, up 6.54 percent….

This post was originally published here

Wall Street closed a bruising week on Friday, June 26, with investors continuing to dump many of the technology companies that have fueled the market’s historic rally over the past two years. The Nasdaq Composite fell for a fifth consecutive session, capping its steepest weekly decline in months, as mounting concerns over artificial intelligence valuations, persistent inflation, and higher interest rates drove money into more defensive sectors. The pressure intensified after the Commerce Department reported Thursday that the Personal Consumption Expenditures (PCE) price index — the Federal Reserve’s preferred measure of inflation — climbed 4.1% in May from a year earlier, its highest reading since April 2023.

By the closing bell, the Nasdaq Composite slipped 0.24% to 25,297.62. The S&P 500 eased 0.05% to 7,354.02, while the Dow Jones Industrial Average lost 44.51 points, or 0.09%, to 51,876.11.

The weekly performance painted a much sharper picture. The Nasdaq tumbled 4.6%, its worst five-day stretch in months, as investors aggressively reduced exposure to high-priced AI and semiconductor stocks. The S&P 500 lost nearly 2%, while the Dow bucked the trend, rising 0.6% as institutional investors rotated into healthcare, industrial, financial, and other value-oriented sectors viewed as better positioned if interest rates remain elevated.

Adding to investor caution, a New York Times report said OpenAI is leaning toward delaying its long-anticipated initial public offering until next year amid increasingly volatile conditions across AI-related stocks. The report renewed debate over whether investors are becoming more selective after months of soaring valuations and massive spending on artificial intelligence infrastructure.

The weakness spread well beyond U.S. markets. In Asia, South Korea’s Kospi plunged so rapidly Friday that trading was temporarily halted after triggering an exchange circuit breaker. The index ultimately closed down 5.8%, underscoring how concerns surrounding the global technology sector have rippled through markets worldwide.

Market movers

Micron Technology stood out as one of the week’s few winners. After reporting blockbuster quarterly earnings Wednesday evening, the memory-chip manufacturer beat Wall Street expectations, raised its outlook, and reaffirmed that demand for high-bandwidth memory used in AI servers continues to accelerate. Bank of America Global Research said the results reinforce the long-term strength of AI-driven memory demand.

Some of the market’s largest companies faced much heavier selling. Apple dropped 6.13% Thursday while Microsoft declined 3.23% after announcing price increases on several major consumer products, including the iPhone and Xbox, citing rising component and memory costs. Their declines weighed heavily on the broader Magnificent Seven, which collectively accounted for much of the week’s weakness in the Nasdaq.

SpaceX, trading under ticker SPCX, gained roughly 1.5% Friday ahead of its scheduled addition to the Russell 1000 Index after the market close. The stock has remained highly volatile since its June 12 debut, soaring above $200 before retreating toward the $150 range.

Meanwhile, JPMorgan Chase announced that Doug Petno and Troy Rohrbaugh have been named co-presidents, marking another significant step in CEO Jamie Dimon’s long-anticipated succession planning.

Commodities and volatility

Gold climbed about 1.1% Friday to approximately $4,092 an ounce as investors sought traditional safe-haven assets following the week’s technology selloff and renewed inflation concerns.

Oil prices moved sharply lower. Brent crude and West Texas Intermediate each fell more than 3.5% as commercial shipping continued moving through the Strait of Hormuz without major disruption and diplomatic efforts under the U.S.-brokered memorandum of understanding reduced fears of an immediate supply shock. Both benchmarks have now retreated to their lowest levels since before the Iran conflict escalated in late February.

Economic data continued sending mixed signals. The Commerce Department reported headline PCE inflation increased 0.4% during May and 4.1% over the past year, while core PCE, excluding food and energy, rose 3.4%, its highest annual pace since October 2023. Personal income and consumer spending each increased 0.7%, indicating households continue spending despite higher prices.

Separately, University of Michigan consumer sentiment director Joanne Hsu said long-term expectations for business conditions improved sharply during June as concerns surrounding the Iran conflict eased.

The latest inflation figures leave the Federal Reserve in a difficult position. Chair Kevin Warsh, who left interest rates unchanged at 3.50% to 3.75% during the June 16–17 policy meeting, has continued signaling that another rate increase remains possible later this year if inflation fails to moderate. Supporting that cautious approach, durable goods orders fell 4.5% in May while weekly jobless claims declined to 215,000, pointing to a labor market that remains resilient.

The week ahead

Markets will be closed on Friday, July 3, in observance of the Independence Day holiday, making next week’s June employment report, scheduled for Thursday, July 2, the market’s primary focus.

Investors will closely examine payroll growth, wage gains, and unemployment for fresh clues about whether the labor market is finally beginning to cool—or whether continued economic strength will give the Federal Reserve additional reason to keep interest rates higher for longer. After one of the most difficult weeks for technology stocks this year, the next round of economic data could determine whether the AI-driven selloff deepens or whether buyers step back into one of Wall Street’s biggest growth trades.

JBizNews Desk
© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

The United States conducted military strikes against Iranian targets on Friday in retaliation for Iran’s attack against a cargo ship in the Strait of Hormuz on Thursday, US Central Command (CENTCOM) announced on X/Twitter.

US Vice President JD Vance said of the strikes that “violence will be met with violence,” in an X post on Saturday, noting that Iran can “pick up the phone” if it has “disagreements about how the MoU is being applied.”  

Targets included Iranian missile and drone storage locations, as well as coastal radar sites, CENTCOM stated. 

Iran’s Islamic Revolutionary Guard Corps (IRGC) said that its response to the US attack against Iran will be “swift and decisive,” according to a report from Iran’s State TV on Saturday, adding that they had successfully repelled the attack.

The IRGC‘s public relations office later disputed the State TV report, saying that no statement has been issued regarding the US strikes, according to a Saturday report by Iran’s Fars news agency.

Also on Saturday, the head of the Iranian Parliament’s National Security Committee accused Trump of showing “no commitment to the principles of negotiation or the ceasefire.”

He added that the “reckless violation of the ceasefire” will lead to “regret and retreat” from the US.

CENTCOM: Iranian attack ‘violated the ceasefire’

According to CENTCOM, the US strikes follow Iran’s launching of a one-way attack drone at the Singapore-flagged M/V Ever Lovely cargo ship along the Omani coast as it exited the Strait of Hormuz.

“The unwarranted aggression against commercial shipping by Iranian forces clearly violated the ceasefire,” said CENTCOM. “Furthermore, Iran’s dangerous behavior undermined freedom of navigation as commerce increasingly flows through the vital international trade corridor.”

CENTCOM forces continue to provide safe passage coordination and support to commercial vessels transiting the strait,” CENTCOM added. “The US military remains present and vigilant to ensure all aspects of the agreement with Iran are adhered to, obeyed, and in full force and effect.”

The strikes come after US President Donald Trump hinted at an American response to Iran’s attack, saying “you’ll find out” when asked if there would be consequences for Tehran.

Trump: Cargo ship survived Iran’s attack

Trump said on Truth Social that a drone had hit the upper deck of the Singaporean Cargo Ship, causing damage, but the ship was reportedly able to “proceed on its way.”

“We knocked down three other drones,” said Trump, calling the attack a “foolish” violation of the current ceasefire agreement.

The United Kingdom Maritime Trade Operations (UKMTO) confirmed that the cargo vessel was hit on its starboard side by an unidentified projectile on Thursday, damaging the bridge. No casualties or environmental impact have been reported as a result of the attack.

Reuters contributed to this report.

This post was originally published on here

The United States, Israel, and Lebanon signed a trilateral framework agreement aimed at combating Iran-backed Lebanese terrorist group Hezbollah on Friday, after days of US-mediated talks in Washington.

According to a US State Department statement, the agreement outlines a structured process for disarming Hezbollah, dismantling terrorist infrastructure, and enabling the IDF to withdraw from Lebanon once the threat posed by Hezbollah is removed.

The agreement also established a US-facilitated trilateral Military Coordination Group for Lebanon (MCG4L) to ensure the implementation of the framework. 

The US, according to the statement, will also take steps to improve the capabilities of the Lebanese Armed Forces and support Lebanese military efforts against Hezbollah. 

In addition, the US pledged to contribute $100 million for humanitarian assistance to be coordinated with the United Nations. 

A first step towards peace, prosperity, and mutual coexistence

US Secretary of State Marco Rubio commended Israeli and Lebanese leadership and delegations for their participation in the talks and for signing the agreement.

While Rubio noted that there is still much work ahead, he highlighted the importance of the framework and stated that the US is “honored to have played a part in bringing this together.”

“Today is the first step. This first step sometimes is the hardest one, but it’s an important one and the one we’ve taken together,” Rubio stated, adding that he hopes the agreement will bring about “a future of peace, a future of prosperity, a future of mutual coexistence.”

Framework agreement a ‘major achievement for Israel,’ Netanyahu says

Prime Minister Benjamin Netanyahu responded to the announcement in a video message on Friday, describing the framework as “a major achievement for the State of Israel.”

Prime Minister Benjamin Netanyahu addresses the announcement of the MoU agreement between Israel and Lebanon, June 26, 2026.

Netanyahu affirmed that as of the signing of the agreement, Israel will “remain [in] the security zone in southern Lebanon” and coordinate the withdrawal of Israeli troops from the area as the Lebanese army works to disarm Hezbollah and establish control over territory. 

“We are establishing two pilot zones, both based on the recommendations of the IDF,” Netanyahu explained. “One zone is located entirely outside the security zone, south of the Litani River, while the other is a small area north of the Litani, partially within the expanded security zone, which the IDF has stated it does not require.”

The Prime Minister concluded by reaffirming that the IDF will maintain the original security zone and emphasized Israel’s security priorities, stating, “And the most important thing is that Israel is saying: our security comes first.”

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David Burck is not a politician. Where a seasoned statesman might have reached for a carefully crafted talking point, Burck offered direct, nuanced answers to The Jerusalem Post’s questions.

Maybe this is what will resonate with voters in Florida’s Republican Primary on August 18.

While Burck’s bid to represent Florida’s 22nd Congressional District may seem to have come out of nowhere, he has spent nearly two decades in public service.

He joined the US Marine Corps’ Military Police in 2008. He served for five years before returning to civilian life and joining the West Palm Beach Police Department as a municipal police officer.

His jump from law and order to political life came in response to the 2020 riots, which began in protest of the police killing of George Floyd.

“I saw what was happening, and I felt this calling, which is what’s got me really involved in the political space,” Burck told the Post on Wednesday. “I felt this real need to figure out what the problems are.”

He said he “realized this was just an outgrowth of the culture war, the riots that happened in 2020. 

“And that’s how I got involved with Turning Point USA,” Burck said.

“I feel like the same thing is happening right now with the antisemitism and the disdain for Israel,” he continued. “Is this just a kind of a continued outgrowth of the leftist rot that’s been happening in the West?”

Regarding Turning Point USA, Burck detailed how he began fundraising for popular conservative voice Charlie Kirk, whom he described as a dear, close friend. Kirk was assassinated in September of last year.

Assisting everyday citizens in seeing the big picture

Local issues are rarely confined to the communities they affect and are often shaped by geopolitical forces far beyond the attention of the average worker, Burck said.

A key point of his campaign is tackling the cost-of-living crisis in Florida, a crisis partially shaped by the Strait of Hormuz closure.

While acknowledging that members of the “donor class” view US President Donald Trump’s Memorandum of Understanding as a catastrophic move that hands billions of dollars to a regime that funds regional instability, Burck said that the average working American is more likely to focus on the financial realities affecting them and their families.

Drawing on his military background and his understanding of negotiations involving the Islamic Republic, Burck said he regarded the deal as less than ideal.

He added that, as someone attentive to the needs of his community and the local economy, he can understand why others view the situation as untenable.

Balancing these two realities, Burck could only say that Iran should not be understood as a good-faith actor in negotiations, but Trump had earned enough trust that one should assume he had some greater outcome in mind.

“I definitely have to trust the president’s judgment on it. He’s obviously been a fantastic leader in making these gut calls, making very instinctual [decisions]. He is driven largely by his instincts, and his instincts are saying this is going to be overall beneficial,” Burck reconciled.

“If we’ve learned one thing throughout this, it’s that President Trump makes these calls, and largely they work out. Don’t know how, but it’s the grace of God,” the statesman said.

“He just wills it into existence … He did it when he was indicted … when he was facing all these felony counts … back when he was running against Hillary [Clinton] in 2016; he just somehow bends reality to whatever he conceives it to be,” he continued.

Still, Burck said the US would need to negotiate the nuclear issue with “real teeth.” He said that Iran has previously misled the international community about its missile capabilities and pointed to what he described as its growing military reach into Europe.

He also questioned whether a country so rich in oil had any legitimate need to enrich uranium for the sole purpose of civilian energy production.

Warning that a nuclear-armed Iran would pose a serious risk to global security, Burck said that this was a risk that Trump was no doubt keeping in mind when it came to the MoU.

He went on to say that had a neighboring country attacked the US as Hamas did on October 7, or as Hezbollah did on October 8, America would have “100% responded in kind.”

Part of Americans’ detachment from the situation, he said, was the fact that Iran’s threats felt too far and the US was privileged enough not to live under the constant threat of attacks.

The tension between free speech and hate speech

Another key point that has already drawn criticism is Burck’s position as a free speech absolutist. 

In 2023, Gov. Ron DeSantis signed legislation aimed at strengthening penalties for hate crimes against the Jewish community in Florida, a move that some critics contrast with Burck’s broader approach to speech protections.

His position has prompted criticism in parts of the Florida press, where some commentators have accused him of being an antisemitism apologist because of this approach.

Burck strongly refuted this accusation, levied by journalist Grayson Bakich, telling the Post of his love for the Jewish community and, as a Christian Zionist, for Israel. He also discussed his experiences attending Shabbat alongside his Jewish friends.

“I’m a Bill of Rights absolutist. I think that I’m very weary, cautious, when it comes down to enacting anything that infringes slightly upon any of those Bill of Rights, because anytime you see more power [given] to the government, it just never goes the way that it was originally intended,” he said.

As an example, he offered the instance of the Foreign Intelligence Surveillance Act and the Foreign Intelligence Surveillance Court trials that followed September 11, which became part of America’s national security policy.

“That has become this amorphous surveillance state where it was used against President Trump in 2016, and it just continues,” Burck said.

“The Fourth Amendment continues to get trampled and violated … I’m cautious about it feeding any more ground to the government,” he added.

The Post raised questions about where national security concerns should come into play. Since Hamas’s October 7 attack, US college campuses, including in Florida, have seen demonstrations and expressions of support for the terrorist group that carried out the assault, which also included the killing and abduction of American citizens.

Burck asserted that it was both the right and the obligation of educational institutions to shut down demonstrations clearly supporting terrorist organizations.

“They have that ability to do that just as quickly as they’ll shut down anything that’s Right-leaning, like when they barred Kirk or Ben Shapiro from coming to speak on campus,” Burck said.

‘Qatar not a good actor’

Though Washington has embraced Doha as a close ally, despite its ongoing support of terrorist organizations across the Middle East, Burck was clear that he felt Qatar was behind much of the campus unrest.

“Qatar is not a good actor. They’re playing both sides. They’re giving money to these American universities to the tune of hundreds of millions of dollars,” he said. “So, when we see this come up, [we know] why no one’s calling it out.”

Qatar was the largest foreign source of gifts and contracts to American universities in 2025, delivering funding exceeding $1.1 billion, the US Education Department confirmed in February.

Eventually, Burck said, these students, groomed with Qatari resources, would become legislators and the center of “corporate and cultural spheres of influence,” which, he added, is what made Kirk’s work so necessary.

“It’s education outside of your typical channels, and I think it’s an honest and earnest dialogue. I think that’s maybe the nice way of looking at it, hoping that people will be good actors when they have a conversation,” Burck said.

His admiration for Kirk was evident in both what he said and how he said it. While he criticized New York Mayor Zohran Mamdani’s support for Democratic congressional candidates Claire Valdez and Darializa Avila Chevalier, who won their party primaries in NYC on Tuesday, he was also clearly willing to challenge figures within his own political camp.

“What’s happened in the wake of [Kirk’s] passing is that you’ve got all of these bad voices that have just been sucking up the attention,” he noted.

“They’re coming out, and they’re saying stuff that is extremely toxic for our movement … like general bad life advice, bad policy advice, bad framing for young people. I hate it,” Burck continued. 

“I really hate to see it, because [Kirk] was loved by the youth, and he was giving sound life advice. It wasn’t like a doomer, black pill approach [extreme pessimism]. He was a happy warrior. Now it’s all doom or black pill stuff,” Burck said. 

With Kirk now gone, Burck said he felt a responsibility to carry forward what he described as involvement in the ongoing “culture wars.” 

The US and Israel are the only two pillars of Western civilization still standing, according to Burck.

“Throughout the course of human history, we’ve objectively never had it so good,” he said. “We’re at an existential kind of point in the West as a whole as we go away from the ideas that have made us great, and we see it in Europe, and we’ve seen it here bubbling domestically in the United States,” he went on to say.

“I just feel like if I didn’t do my part to try to stem that tide in any way, shape or form, I’d be failing my son, the future generations out of the West, and America specifically,” Burck maintained. 

“I think it’s high time for us to definitely codify our relationship even more with Israel; we need it. Europe is a rump of itself, it’s a husk, and it’s not going to get any better. And really, the only true Western ally that we have left is Israel,” he said. 

While he had not yet had the privilege of visiting Israel, Burck said, he was looking forward to the situation calming down enough that he could cross it off his bucket list and visit along with his wife and 14-month-old son.

“I need to go look as a believer in Christ. I want to get out there, and I’ve heard so many great things,” he said. 

“We need to keep this relationship thriving. I think that we’re going to work through this. I can understand why the people of Israel feel betrayed right now, but you know, Donald Trump’s done so many fantastic things for Israel, and I don’t think that he would do anything that would put Israel at a disadvantage,” the statesman said.

“Personally, I don’t believe so. I think this is just a part of the process of negotiating with the terrorist regime and the largest state sponsor of terrorism. I feel like Israel and the United States are just kind of like the two last vestiges of the best of the West.”

This post was originally published on here

David Burck is not a politician. Where a seasoned statesman might have reached for a carefully crafted talking point, Burck offered direct, nuanced answers to The Jerusalem Post’s questions.

Maybe this is what will resonate with voters in Florida’s Republican Primary on August 18.

While Burck’s bid to represent Florida’s 22nd Congressional District may seem to have come out of nowhere, he has spent nearly two decades in public service.

He joined the US Marine Corps’ Military Police in 2008. He served for five years before returning to civilian life and joining the West Palm Beach Police Department as a municipal police officer.

His jump from law and order to political life came in response to the 2020 riots, which began in protest of the police killing of George Floyd.

“I saw what was happening, and I felt this calling, which is what’s got me really involved in the political space,” Burck told the Post on Wednesday. “I felt this real need to figure out what the problems are.”

He said he “realized this was just an outgrowth of the culture war, the riots that happened in 2020. 

“And that’s how I got involved with Turning Point USA,” Burck said.

“I feel like the same thing is happening right now with the antisemitism and the disdain for Israel,” he continued. “Is this just a kind of a continued outgrowth of the leftist rot that’s been happening in the West?”

Regarding Turning Point USA, Burck detailed how he began fundraising for popular conservative voice Charlie Kirk, whom he described as a dear, close friend. Kirk was assassinated in September of last year.

Assisting everyday citizens in seeing the big picture

Local issues are rarely confined to the communities they affect and are often shaped by geopolitical forces far beyond the attention of the average worker, Burck said.

A key point of his campaign is tackling the cost-of-living crisis in Florida, a crisis partially shaped by the Strait of Hormuz closure.

While acknowledging that members of the “donor class” view US President Donald Trump’s Memorandum of Understanding as a catastrophic move that hands billions of dollars to a regime that funds regional instability, Burck said that the average working American is more likely to focus on the financial realities affecting them and their families.

Drawing on his military background and his understanding of negotiations involving the Islamic Republic, Burck said he regarded the deal as less than ideal.

He added that, as someone attentive to the needs of his community and the local economy, he can understand why others view the situation as untenable.

Balancing these two realities, Burck could only say that Iran should not be understood as a good-faith actor in negotiations, but Trump had earned enough trust that one should assume he had some greater outcome in mind.

“I definitely have to trust the president’s judgment on it. He’s obviously been a fantastic leader in making these gut calls, making very instinctual [decisions]. He is driven largely by his instincts, and his instincts are saying this is going to be overall beneficial,” Burck reconciled.

“If we’ve learned one thing throughout this, it’s that President Trump makes these calls, and largely they work out. Don’t know how, but it’s the grace of God,” the statesman said.

“He just wills it into existence … He did it when he was indicted … when he was facing all these felony counts … back when he was running against Hillary [Clinton] in 2016; he just somehow bends reality to whatever he conceives it to be,” he continued.

Still, Burck said the US would need to negotiate the nuclear issue with “real teeth.” He said that Iran has previously misled the international community about its missile capabilities and pointed to what he described as its growing military reach into Europe.

He also questioned whether a country so rich in oil had any legitimate need to enrich uranium for the sole purpose of civilian energy production.

Warning that a nuclear-armed Iran would pose a serious risk to global security, Burck said that this was a risk that Trump was no doubt keeping in mind when it came to the MoU.

He went on to say that had a neighboring country attacked the US as Hamas did on October 7, or as Hezbollah did on October 8, America would have “100% responded in kind.”

Part of Americans’ detachment from the situation, he said, was the fact that Iran’s threats felt too far and the US was privileged enough not to live under the constant threat of attacks.

The tension between free speech and hate speech

Another key point that has already drawn criticism is Burck’s position as a free speech absolutist. 

In 2023, Gov. Ron DeSantis signed legislation aimed at strengthening penalties for hate crimes against the Jewish community in Florida, a move that some critics contrast with Burck’s broader approach to speech protections.

His position has prompted criticism in parts of the Florida press, where some commentators have accused him of being an antisemitism apologist because of this approach.

Burck strongly refuted this accusation, levied by journalist Grayson Bakich, telling the Post of his love for the Jewish community and, as a Christian Zionist, for Israel. He also discussed his experiences attending Shabbat alongside his Jewish friends.

“I’m a Bill of Rights absolutist. I think that I’m very weary, cautious, when it comes down to enacting anything that infringes slightly upon any of those Bill of Rights, because anytime you see more power [given] to the government, it just never goes the way that it was originally intended,” he said.

As an example, he offered the instance of the Foreign Intelligence Surveillance Act and the Foreign Intelligence Surveillance Court trials that followed September 11, which became part of America’s national security policy.

“That has become this amorphous surveillance state where it was used against President Trump in 2016, and it just continues,” Burck said.

“The Fourth Amendment continues to get trampled and violated … I’m cautious about it feeding any more ground to the government,” he added.

The Post raised questions about where national security concerns should come into play. Since Hamas’s October 7 attack, US college campuses, including in Florida, have seen demonstrations and expressions of support for the terrorist group that carried out the assault, which also included the killing and abduction of American citizens.

Burck asserted that it was both the right and the obligation of educational institutions to shut down demonstrations clearly supporting terrorist organizations.

“They have that ability to do that just as quickly as they’ll shut down anything that’s Right-leaning, like when they barred Kirk or Ben Shapiro from coming to speak on campus,” Burck said.

‘Qatar not a good actor’

Though Washington has embraced Doha as a close ally, despite its ongoing support of terrorist organizations across the Middle East, Burck was clear that he felt Qatar was behind much of the campus unrest.

“Qatar is not a good actor. They’re playing both sides. They’re giving money to these American universities to the tune of hundreds of millions of dollars,” he said. “So, when we see this come up, [we know] why no one’s calling it out.”

Qatar was the largest foreign source of gifts and contracts to American universities in 2025, delivering funding exceeding $1.1 billion, the US Education Department confirmed in February.

Eventually, Burck said, these students, groomed with Qatari resources, would become legislators and the center of “corporate and cultural spheres of influence,” which, he added, is what made Kirk’s work so necessary.

“It’s education outside of your typical channels, and I think it’s an honest and earnest dialogue. I think that’s maybe the nice way of looking at it, hoping that people will be good actors when they have a conversation,” Burck said.

His admiration for Kirk was evident in both what he said and how he said it. While he criticized New York Mayor Zohran Mamdani’s support for Democratic congressional candidates Claire Valdez and Darializa Avila Chevalier, who won their party primaries in NYC on Tuesday, he was also clearly willing to challenge figures within his own political camp.

“What’s happened in the wake of [Kirk’s] passing is that you’ve got all of these bad voices that have just been sucking up the attention,” he noted.

“They’re coming out, and they’re saying stuff that is extremely toxic for our movement … like general bad life advice, bad policy advice, bad framing for young people. I hate it,” Burck continued. 

“I really hate to see it, because [Kirk] was loved by the youth, and he was giving sound life advice. It wasn’t like a doomer, black pill approach [extreme pessimism]. He was a happy warrior. Now it’s all doom or black pill stuff,” Burck said. 

With Kirk now gone, Burck said he felt a responsibility to carry forward what he described as involvement in the ongoing “culture wars.” 

The US and Israel are the only two pillars of Western civilization still standing, according to Burck.

“Throughout the course of human history, we’ve objectively never had it so good,” he said. “We’re at an existential kind of point in the West as a whole as we go away from the ideas that have made us great, and we see it in Europe, and we’ve seen it here bubbling domestically in the United States,” he went on to say.

“I just feel like if I didn’t do my part to try to stem that tide in any way, shape or form, I’d be failing my son, the future generations out of the West, and America specifically,” Burck maintained. 

“I think it’s high time for us to definitely codify our relationship even more with Israel; we need it. Europe is a rump of itself, it’s a husk, and it’s not going to get any better. And really, the only true Western ally that we have left is Israel,” he said. 

While he had not yet had the privilege of visiting Israel, Burck said, he was looking forward to the situation calming down enough that he could cross it off his bucket list and visit along with his wife and 14-month-old son.

“I need to go look as a believer in Christ. I want to get out there, and I’ve heard so many great things,” he said. 

“We need to keep this relationship thriving. I think that we’re going to work through this. I can understand why the people of Israel feel betrayed right now, but you know, Donald Trump’s done so many fantastic things for Israel, and I don’t think that he would do anything that would put Israel at a disadvantage,” the statesman said.

“Personally, I don’t believe so. I think this is just a part of the process of negotiating with the terrorist regime and the largest state sponsor of terrorism. I feel like Israel and the United States are just kind of like the two last vestiges of the best of the West.”

This post was originally published on here

Paul Goldenberg remembers sounding alarms 20 years ago and warning the Jewish community, “The storm is coming.”

Unfortunately, at the time, most people didn’t listen to this decorated law enforcement and globally recognized security professional.

The Magazine spoke with Goldenberg over several months as he traveled through Sweden, Germany, Poland, and Canada. Interviews ended abruptly when Goldenberg was pulled away for security matters. 

He had just returned from Belfast, where he was on the ground with his son, Alex Goldenberg, a social media threat expert, during the recent anti-immigration riots. Sounding calm and in control, it’s easy to forget the extreme danger of his occupation. Since his days walking the beat on the police force in Irvington, New Jersey, and going deep undercover in Miami, Goldenberg has always lived a life on the edge, battling crime and corruption to make the world safer.

Now the deputy director of the Rutgers University Miller Center on Policing, he reflected on his colorful past, dispersing serious topics with humor. He told of how he infiltrated a Jamaican posse in Miami and got them to sing “Hava Nagila,” and how his mother helped law enforcement translate a Russian mobster who spoke Yiddish, until she stopped out of guilt because he was Jewish. Goldenberg led the investigation of the mob family that The Sopranos was based on, and was a consultant for the television show.

His undercover identities as a long-haired gun-runner, and jewelry store and Jamaican bar owner taught him how people operate psychologically. Although these were different worlds, it was the “same human dynamics.” He said his work became “less about infiltrating criminal organizations and more about embedding myself within communities under threat.”

Regarding the current antisemitic protests across Europe and the United States, Goldenberg said that police on the front lines are “terrified by what they’re seeing,” and empathize with the Jewish community because they are also recipients of the hatred. “Many of the people at those protests who hate Jews hate the police just as much, because of the uniform they wear and the profession they chose… They’re dehumanizing police the same way the Nazis dehumanized the Jews,” he said.

For almost 30 years, Goldenberg has been on the ground in the US, Paris, Denmark, Sweden, Croatia, and other regions in the world within 24 hours of some of the worst targeted terror attacks. 

To keep communities safer behind the scenes, Goldenberg has been working “quietly” with Israeli police for the last 40 years. He brought the first US counterterror policing unit to train on the ground in Israel, and since 2001, he has organized more than 15 police missions to Israel, and worked with Israeli intelligence to help secure Diaspora communities. He is currently collaborating with Israeli police on counter-UAS (Unmanned Aircraft System) drone technologies.

Building bridges with police

Three months before 9/11, David Harris, former CEO of the American Jewish Committee (AJC), accompanied Goldenberg to a clandestine meeting with CRIF, the official Jewish organization in Paris, with Jewish leaders. When Goldenberg discovered that their relationships with law enforcement were nonexistent, his mission became to build bridges between the Jewish and policing communities.

The United States Congress recognized Goldenberg for his work. In 1998, he was appointed head of the transnational policing program for the Office for Security Cooperation in Europe (OSCE), the world’s largest government security initiative, where he advised European governments and NGOs for four years.

In 2008, Goldenberg stood in front of a Jewish kindergarten in Paris surrounded by barbed wire, along with tanks and soldiers from a special brigade armed with automatic rifles. “They were not guarding some diplomat. They were guarding French Jewish children.” He remembers saying to himself, “We can never let this happen in the United States. Never.”

Goldenberg’s first security assessment of a Jewish community in the US was just before 9/11. As an adviser to the AJC, Harris asked him to go to Spokane, Washington, with Steven Pomerantz, a former FBI assistant director, to increase police involvement in protecting the Jewish community. 

A remote synagogue was being threatened, and 26 years ago, police did not understand the repercussions of antisemitism like they do today, Goldenberg explained. The Jewish community in Spokane was in great peril, as it is located approximately 37 miles from Hayden Lake, Idaho, an area Goldenberg said used to be “the epicenter of neo-Nazis.”

Goldenberg and Pomerantz arranged for the Spokane police to meet with local Jewish leaders. “There was no organization at that time that really engaged or knew how to initiate a true security program, where you build capacity between the Jewish community and the police,” Goldenberg recalled.

Shortly after this trip, they met with Malcolm Hoenlein, former executive vice chairman of the Conference of Presidents of Major American Jewish Organizations, and Steve Hoffman, president emeritus of the Jewish Federation of Cleveland. They envisioned a national organization dedicated solely to protecting the Jewish community. The experience at Spokane, compounded with other national and international terrorism events, resulted in the 2004 founding of the Secure Community Network (SCN), North America’s largest security organization dedicated to keeping the Jewish community safe through intelligence and law-enforcement liaisons. 

“In the shadow of hate, it was really the birth of security for the American Jewish community,” Goldenberg observed.

Today, SCN has grown to have a $35 million budget with over 130 full-time employees, including former FBI agents, SWAT commanders, and police chiefs, who work with Jewish Federations in the US and Canada.

Regardless of security measures in place for the Jewish community, Pomeranz emphasized the importance of protecting oneself. He worries for the future of his grandchildren in the US. “In retrospect, this is like my worst nightmare come true,” he stated.

Goldenberg doesn’t believe the term “antisemitism” is strong enough to convey the level of hate and violence it connotes. “We saw a transition in 2003,” Goldenberg explained. With the rising popularity of social media came a more dangerous virtual climate that has since translated into real life. “It went from graffiti on the sides of synagogues to armed assaults by people wearing camouflage and carrying AR-14s,” he said.

Developing prevention programs

While leading the SCN, Goldenberg worked across Europe as the chief police adviser to the OSCE, helping secure Jewish and other vulnerable communities. He developed hate-crime prevention programs, and created the first definition of antisemitism from a law enforcement context. He observed that in many European countries, the police viewed Jewish communities and their synagogues as extensions of the State of Israel, rather than part of their own country.

Jonathan Biermann, an attorney and deputy mayor of a district in Brussels, said that Goldenberg was one of the first law enforcement agents to raise awareness of the need for a trusted relationship between Jewish and other religious communities and the police. In 2015, Goldenberg invited him to a conference with the International Association of Chiefs of Police at FBI headquarters in Washington, DC, focused on protecting places of worship. 

Biermann commented, “What was really fantastic was that he was able to put in the same room very high-ranking law enforcement officers with community, spiritual, and religious leaders from different faiths, saying, ‘We are sharing the same worries, we are facing the same enemies.’”

The security concerns Goldenberg has been telegraphing to the Jewish community are spreading to people of other faiths in Western countries. Goldenberg explained that while serving on the Department of Homeland Security Advisory Council, he led a subcommittee on targeted violence against religious communities. 

“I had the opportunity to visit religious institutions that were attacked, where lives were lost. It’s not only Jewish institutions, but Sikh temples, mosques, and churches,” he said. Lessons from those conversations helped shape national homeland security policy. Goldenberg was named America’s Most Influential Person in Homeland Security in 2024 and 2021.

Biermann relayed how Goldenberg was instrumental in creating programs so that religious communities could safely express their faith and unite with allies. Animated films and campaigns like “If You See Something, Say Something” helped to educate the public and changed the perception of the Jewish community as being isolated. 

“That became an opportunity for us to build bridges with other communities, saying ‘If you are not safe in your church, in your mosque, in your synagogue, then we are not safe in our place of worship,’” Biermann said.

On January 9, 2015, Goldenberg came to Paris when a kosher supermarket was sieged; four people were murdered, and 15 were taken hostage. John Farmer, founding director of the Miller Center on Policing and Community Resilience at Rutgers University and a former New Jersey attorney-general and the chief counsel of President George W. Bush’s 9/11 commission, said that thanks to Goldenberg’s connections, they were embedded with the Jewish community in Paris, and there was an amazing response time. 

“Every Jewish-owned business in Paris was closed within an hour,” Farmer said.

After the March 22, 2015, ISIS terror attacks at the Brussels Airport and the Maelbeek metro, where 36 people were killed and over 300 injured, Goldenberg, Biermann, and Farmer were called in by the Brussels police to create dialogue, diffuse tension, and cultivate trust between Jewish and Muslim communities and police.

Regarding the future of Jewry in Brussels, Biermann said, “If we decide to leave, the society will collapse… if the society doesn’t want its Jews anymore, then it’s not a democratic and open-minded and liberal community, which is the essence of European democracies.”

Goldenberg added that if antisemitic attacks against Jews continue to increase, “the answer cannot be fear, retreat, or the surrender of identity… We have endured throughout history because we refused to disappear.” He said to remember that we have the State of Israel.

Remembering past tragedies

Farmer and Biermann have attended the International March of the Living (MOTL), an educational program that brings nearly 10,000 people from around the world, including Holocaust survivors and their families, to Auschwitz and Birkenau every year on Holocaust Remembrance Day. This year, more than 130 chiefs, sheriffs, commissioners, commanders, and law enforcement leaders participated in the 3-km. march.

Founded 35 years ago, MOTL is a three-day event where survivors share their stories and people from all backgrounds and religions walk arm in arm on the “Road of Death” to pay homage to those who were tragically murdered. Together, they take a powerful stand against antisemitism and Holocaust denial.

Goldenberg said that “one of his proudest moments” was when he stood with 130 police senior executives at Auschwitz this past Holocaust Remembrance Day. Since 2024, Goldenberg has been chair of the International Police Delegation of MOTL.

Last year, Rutgers University’s Miller Center, the University of Virginia’s Center for Public Safety and Justice, and the Global Consortium for Law Enforcement Training Executives launched a police educational program developed by Goldenberg and his team, “Operationalizing Never Again: The Role of Law Enforcement in the Holocaust and Contemporary Genocide.” As part of the program, police chiefs and officials on the march confront the horrors that resulted from the complicity of police in the past and vow never to allow it to happen again.

Goldenberg added, “Thanks to Paul Miller, who established the Rutgers University Miller Center on Policing. Without his support, we wouldn’t have been able to do any of the work that we do.”

Jochen Kopelke, president of the European Federation of Police Unions and the Federal Chairman of the German Police Union, opted not to wear his uniform on the march because of  “personal insecurity… That’s where people from your police force in the past committed crimes as cruel as nobody could imagine.”

Although Kopelke was initially shy about talking with Holocaust survivors because he is German and the past weighs heavily on his shoulders, his hesitation soon dissipated. “When you say hello, and you tell them that you’re a German police officer and you regret [what happened], and you will support [them], they are so open,” Kopelke said.

He described how 26 police officers met with Auschwitz survivors of the recent terror attacks in Bondi Beach, Australia, Great Britain, and Washington, DC. “That makes it very emotional. They are so thankful and grateful… You see how essential it is to fight for Jewish life, to protect Jewish life,” Kopelke added, “They put a mission in my heart.”

Phyllis Heideman, president of the International March of the Living, marched with Kopelke and observed how he was “intellectually, professionally, and emotionally moved by the experience of walking along the path of death.” 

Holding back tears, she described how survivors opened up to officers with heartbreaking honesty about how they were rounded up as teenagers by police officers they knew their entire lives, and acknowledged that now these officers are there to support and protect them.

Heideman recalled seeing survivors holding the officers’ hands, kissing and hugging them. She said they couldn’t thank the officers enough, “because they are the living witnesses of the complicity of law enforcement during the Holocaust.”

Commenting on the current climate of antisemitism in Germany, Kopelke observed: “Everything that we had in the past in Germany is coming back to European capitals.” He credits Goldenberg for bringing his mission to unite police with vulnerable communities to the people. He urges the Jewish community not to be afraid to develop relationships with law enforcement.

Heideman explained that police participation in the March of the Living has led to the formation of the Jewish Troopers Association of New Jersey, a nonprofit organization founded in 2024 that connects Jewish police officers with local Jewish communities. She said the experience of seeing gas chambers and a crematorium on the march strengthened the resolve of the officers to fight antisemitism. 

“[They returned] to their jurisdictions with a greater commitment to their roles as protectors of all their constituents,” she said.

Heideman described how the powerful visual display of 130 officers on the march in “gorgeous, if not frightening” uniforms with medals of honor offered her solace and comfort. “They want to help us live safely and survive this current wave of antisemitism,” she said. “I cannot tell you the respect, the regard, and the love I have for each of these officers from every continent around the globe, who walk together with thousands of participants – both Jewish and not – from over 100 communities worldwide.”

She expressed her sincerest gratitude for Goldenberg and his Transnational Law Enforcement Delegation. “Paul Goldenberg has a higher place in heaven because of his devotion in organizing and orchestrating this incredible delegation to bear witness to the darkest chapter in history.

“He’s a great ally of humanity. He is impacting the global narrative, and he is certainly amassing goodwill for the Jewish people among international law enforcement – police chiefs, sheriffs, all people who now want to say, ‘You can’t get away with this rampant spire of hate. Enough is enough!’”

Goldenberg envisions hundreds of police executives walking side by side during the 2027 March of the Living. He wants to expand the “Operationalizing Never Again” initiative into an international professional development program for policing, to remind law enforcement how important they are to sustaining democratic values.

“When they fall, democracy falls,” he said.■

This post was originally published on here

Paul Goldenberg remembers sounding alarms 20 years ago and warning the Jewish community, “The storm is coming.”

Unfortunately, at the time, most people didn’t listen to this decorated law enforcement and globally recognized security professional.

The Magazine spoke with Goldenberg over several months as he traveled through Sweden, Germany, Poland, and Canada. Interviews ended abruptly when Goldenberg was pulled away for security matters. 

He had just returned from Belfast, where he was on the ground with his son, Alex Goldenberg, a social media threat expert, during the recent anti-immigration riots. Sounding calm and in control, it’s easy to forget the extreme danger of his occupation. Since his days walking the beat on the police force in Irvington, New Jersey, and going deep undercover in Miami, Goldenberg has always lived a life on the edge, battling crime and corruption to make the world safer.

Now the deputy director of the Rutgers University Miller Center on Policing, he reflected on his colorful past, dispersing serious topics with humor. He told of how he infiltrated a Jamaican posse in Miami and got them to sing “Hava Nagila,” and how his mother helped law enforcement translate a Russian mobster who spoke Yiddish, until she stopped out of guilt because he was Jewish. Goldenberg led the investigation of the mob family that The Sopranos was based on, and was a consultant for the television show.

His undercover identities as a long-haired gun-runner, and jewelry store and Jamaican bar owner taught him how people operate psychologically. Although these were different worlds, it was the “same human dynamics.” He said his work became “less about infiltrating criminal organizations and more about embedding myself within communities under threat.”

Regarding the current antisemitic protests across Europe and the United States, Goldenberg said that police on the front lines are “terrified by what they’re seeing,” and empathize with the Jewish community because they are also recipients of the hatred. “Many of the people at those protests who hate Jews hate the police just as much, because of the uniform they wear and the profession they chose… They’re dehumanizing police the same way the Nazis dehumanized the Jews,” he said.

For almost 30 years, Goldenberg has been on the ground in the US, Paris, Denmark, Sweden, Croatia, and other regions in the world within 24 hours of some of the worst targeted terror attacks. 

To keep communities safer behind the scenes, Goldenberg has been working “quietly” with Israeli police for the last 40 years. He brought the first US counterterror policing unit to train on the ground in Israel, and since 2001, he has organized more than 15 police missions to Israel, and worked with Israeli intelligence to help secure Diaspora communities. He is currently collaborating with Israeli police on counter-UAS (Unmanned Aircraft System) drone technologies.

Building bridges with police

Three months before 9/11, David Harris, former CEO of the American Jewish Committee (AJC), accompanied Goldenberg to a clandestine meeting with CRIF, the official Jewish organization in Paris, with Jewish leaders. When Goldenberg discovered that their relationships with law enforcement were nonexistent, his mission became to build bridges between the Jewish and policing communities.

The United States Congress recognized Goldenberg for his work. In 1998, he was appointed head of the transnational policing program for the Office for Security Cooperation in Europe (OSCE), the world’s largest government security initiative, where he advised European governments and NGOs for four years.

In 2008, Goldenberg stood in front of a Jewish kindergarten in Paris surrounded by barbed wire, along with tanks and soldiers from a special brigade armed with automatic rifles. “They were not guarding some diplomat. They were guarding French Jewish children.” He remembers saying to himself, “We can never let this happen in the United States. Never.”

Goldenberg’s first security assessment of a Jewish community in the US was just before 9/11. As an adviser to the AJC, Harris asked him to go to Spokane, Washington, with Steven Pomerantz, a former FBI assistant director, to increase police involvement in protecting the Jewish community. 

A remote synagogue was being threatened, and 26 years ago, police did not understand the repercussions of antisemitism like they do today, Goldenberg explained. The Jewish community in Spokane was in great peril, as it is located approximately 37 miles from Hayden Lake, Idaho, an area Goldenberg said used to be “the epicenter of neo-Nazis.”

Goldenberg and Pomerantz arranged for the Spokane police to meet with local Jewish leaders. “There was no organization at that time that really engaged or knew how to initiate a true security program, where you build capacity between the Jewish community and the police,” Goldenberg recalled.

Shortly after this trip, they met with Malcolm Hoenlein, former executive vice chairman of the Conference of Presidents of Major American Jewish Organizations, and Steve Hoffman, president emeritus of the Jewish Federation of Cleveland. They envisioned a national organization dedicated solely to protecting the Jewish community. The experience at Spokane, compounded with other national and international terrorism events, resulted in the 2004 founding of the Secure Community Network (SCN), North America’s largest security organization dedicated to keeping the Jewish community safe through intelligence and law-enforcement liaisons. 

“In the shadow of hate, it was really the birth of security for the American Jewish community,” Goldenberg observed.

Today, SCN has grown to have a $35 million budget with over 130 full-time employees, including former FBI agents, SWAT commanders, and police chiefs, who work with Jewish Federations in the US and Canada.

Regardless of security measures in place for the Jewish community, Pomeranz emphasized the importance of protecting oneself. He worries for the future of his grandchildren in the US. “In retrospect, this is like my worst nightmare come true,” he stated.

Goldenberg doesn’t believe the term “antisemitism” is strong enough to convey the level of hate and violence it connotes. “We saw a transition in 2003,” Goldenberg explained. With the rising popularity of social media came a more dangerous virtual climate that has since translated into real life. “It went from graffiti on the sides of synagogues to armed assaults by people wearing camouflage and carrying AR-14s,” he said.

Developing prevention programs

While leading the SCN, Goldenberg worked across Europe as the chief police adviser to the OSCE, helping secure Jewish and other vulnerable communities. He developed hate-crime prevention programs, and created the first definition of antisemitism from a law enforcement context. He observed that in many European countries, the police viewed Jewish communities and their synagogues as extensions of the State of Israel, rather than part of their own country.

Jonathan Biermann, an attorney and deputy mayor of a district in Brussels, said that Goldenberg was one of the first law enforcement agents to raise awareness of the need for a trusted relationship between Jewish and other religious communities and the police. In 2015, Goldenberg invited him to a conference with the International Association of Chiefs of Police at FBI headquarters in Washington, DC, focused on protecting places of worship. 

Biermann commented, “What was really fantastic was that he was able to put in the same room very high-ranking law enforcement officers with community, spiritual, and religious leaders from different faiths, saying, ‘We are sharing the same worries, we are facing the same enemies.’”

The security concerns Goldenberg has been telegraphing to the Jewish community are spreading to people of other faiths in Western countries. Goldenberg explained that while serving on the Department of Homeland Security Advisory Council, he led a subcommittee on targeted violence against religious communities. 

“I had the opportunity to visit religious institutions that were attacked, where lives were lost. It’s not only Jewish institutions, but Sikh temples, mosques, and churches,” he said. Lessons from those conversations helped shape national homeland security policy. Goldenberg was named America’s Most Influential Person in Homeland Security in 2024 and 2021.

Biermann relayed how Goldenberg was instrumental in creating programs so that religious communities could safely express their faith and unite with allies. Animated films and campaigns like “If You See Something, Say Something” helped to educate the public and changed the perception of the Jewish community as being isolated. 

“That became an opportunity for us to build bridges with other communities, saying ‘If you are not safe in your church, in your mosque, in your synagogue, then we are not safe in our place of worship,’” Biermann said.

On January 9, 2015, Goldenberg came to Paris when a kosher supermarket was sieged; four people were murdered, and 15 were taken hostage. John Farmer, founding director of the Miller Center on Policing and Community Resilience at Rutgers University and a former New Jersey attorney-general and the chief counsel of President George W. Bush’s 9/11 commission, said that thanks to Goldenberg’s connections, they were embedded with the Jewish community in Paris, and there was an amazing response time. 

“Every Jewish-owned business in Paris was closed within an hour,” Farmer said.

After the March 22, 2015, ISIS terror attacks at the Brussels Airport and the Maelbeek metro, where 36 people were killed and over 300 injured, Goldenberg, Biermann, and Farmer were called in by the Brussels police to create dialogue, diffuse tension, and cultivate trust between Jewish and Muslim communities and police.

Regarding the future of Jewry in Brussels, Biermann said, “If we decide to leave, the society will collapse… if the society doesn’t want its Jews anymore, then it’s not a democratic and open-minded and liberal community, which is the essence of European democracies.”

Goldenberg added that if antisemitic attacks against Jews continue to increase, “the answer cannot be fear, retreat, or the surrender of identity… We have endured throughout history because we refused to disappear.” He said to remember that we have the State of Israel.

Remembering past tragedies

Farmer and Biermann have attended the International March of the Living (MOTL), an educational program that brings nearly 10,000 people from around the world, including Holocaust survivors and their families, to Auschwitz and Birkenau every year on Holocaust Remembrance Day. This year, more than 130 chiefs, sheriffs, commissioners, commanders, and law enforcement leaders participated in the 3-km. march.

Founded 35 years ago, MOTL is a three-day event where survivors share their stories and people from all backgrounds and religions walk arm in arm on the “Road of Death” to pay homage to those who were tragically murdered. Together, they take a powerful stand against antisemitism and Holocaust denial.

Goldenberg said that “one of his proudest moments” was when he stood with 130 police senior executives at Auschwitz this past Holocaust Remembrance Day. Since 2024, Goldenberg has been chair of the International Police Delegation of MOTL.

Last year, Rutgers University’s Miller Center, the University of Virginia’s Center for Public Safety and Justice, and the Global Consortium for Law Enforcement Training Executives launched a police educational program developed by Goldenberg and his team, “Operationalizing Never Again: The Role of Law Enforcement in the Holocaust and Contemporary Genocide.” As part of the program, police chiefs and officials on the march confront the horrors that resulted from the complicity of police in the past and vow never to allow it to happen again.

Goldenberg added, “Thanks to Paul Miller, who established the Rutgers University Miller Center on Policing. Without his support, we wouldn’t have been able to do any of the work that we do.”

Jochen Kopelke, president of the European Federation of Police Unions and the Federal Chairman of the German Police Union, opted not to wear his uniform on the march because of  “personal insecurity… That’s where people from your police force in the past committed crimes as cruel as nobody could imagine.”

Although Kopelke was initially shy about talking with Holocaust survivors because he is German and the past weighs heavily on his shoulders, his hesitation soon dissipated. “When you say hello, and you tell them that you’re a German police officer and you regret [what happened], and you will support [them], they are so open,” Kopelke said.

He described how 26 police officers met with Auschwitz survivors of the recent terror attacks in Bondi Beach, Australia, Great Britain, and Washington, DC. “That makes it very emotional. They are so thankful and grateful… You see how essential it is to fight for Jewish life, to protect Jewish life,” Kopelke added, “They put a mission in my heart.”

Phyllis Heideman, president of the International March of the Living, marched with Kopelke and observed how he was “intellectually, professionally, and emotionally moved by the experience of walking along the path of death.” 

Holding back tears, she described how survivors opened up to officers with heartbreaking honesty about how they were rounded up as teenagers by police officers they knew their entire lives, and acknowledged that now these officers are there to support and protect them.

Heideman recalled seeing survivors holding the officers’ hands, kissing and hugging them. She said they couldn’t thank the officers enough, “because they are the living witnesses of the complicity of law enforcement during the Holocaust.”

Commenting on the current climate of antisemitism in Germany, Kopelke observed: “Everything that we had in the past in Germany is coming back to European capitals.” He credits Goldenberg for bringing his mission to unite police with vulnerable communities to the people. He urges the Jewish community not to be afraid to develop relationships with law enforcement.

Heideman explained that police participation in the March of the Living has led to the formation of the Jewish Troopers Association of New Jersey, a nonprofit organization founded in 2024 that connects Jewish police officers with local Jewish communities. She said the experience of seeing gas chambers and a crematorium on the march strengthened the resolve of the officers to fight antisemitism. 

“[They returned] to their jurisdictions with a greater commitment to their roles as protectors of all their constituents,” she said.

Heideman described how the powerful visual display of 130 officers on the march in “gorgeous, if not frightening” uniforms with medals of honor offered her solace and comfort. “They want to help us live safely and survive this current wave of antisemitism,” she said. “I cannot tell you the respect, the regard, and the love I have for each of these officers from every continent around the globe, who walk together with thousands of participants – both Jewish and not – from over 100 communities worldwide.”

She expressed her sincerest gratitude for Goldenberg and his Transnational Law Enforcement Delegation. “Paul Goldenberg has a higher place in heaven because of his devotion in organizing and orchestrating this incredible delegation to bear witness to the darkest chapter in history.

“He’s a great ally of humanity. He is impacting the global narrative, and he is certainly amassing goodwill for the Jewish people among international law enforcement – police chiefs, sheriffs, all people who now want to say, ‘You can’t get away with this rampant spire of hate. Enough is enough!’”

Goldenberg envisions hundreds of police executives walking side by side during the 2027 March of the Living. He wants to expand the “Operationalizing Never Again” initiative into an international professional development program for policing, to remind law enforcement how important they are to sustaining democratic values.

“When they fall, democracy falls,” he said.■

This post was originally published on here

Legislation moving through Congress would increase fees on U.S. Department of Veterans Affairs (VA) loans, creating a new flashpoint for the mortgage industry.

H.R. 6047, which would expand benefits for severely disabled veterans and survivors, would offset its costs by raising fees. The fee for the Interest Rate Reduction Refinance Loan (IRRRL) program would rise from 0.5% to 1.42%, while the VA assumption fee would double from 0.5% to 1%. The bill would also extend current funding fee rates for non-disabled veterans and add modest monthly costs for some borrowers.

For refinances, the average increase is estimated at $8,550 over the life of the loan, according to Brendan McKay, co-founder and chief advocacy officer for the Broker Action Coalition. The BAC has launched a call to action, urging industry professionals to reach out to their legislative representatives. McKay noted that 382 letters were sent to the Senate in the first 24 hours.

“On the surface, the fee doesn’t sound bad, but it disproportionately impacts active-duty military, and the scary part about this is, the people that it really impacts the most are not, in my opinion, paying attention to it,” said Gay Veale, chief experience officer at Vetted VA.

The proposal — introduced by Rep. Tom Barrett (R-Mich.) with support from Rep. Mike Bost (R-Ill.) — passed the House of Representatives in May and is moving quickly in the Senate, sources said. For months, there was a feeling the bill would not move forward until it gained recent traction and the attention of the industry.

Meanwhile, the House is evaluating the Take Care of America’s Veterans Act, a package with 60-plus bipartisan bills to reform health care and other benefits services at the VA.

In a statement to HousingWire, a VA spokesperson said, “VA doesn’t comment on pending legislation.”

Offsetting the cost

In a letter to the House on Tuesday, the Mortgage Bankers Association (MBA) said that revisions to the language of H.R. 6047 — now included as Section 104 within H.R. 9237 — “would create even greater challenges for veteran homeowners and homebuyers by removing the 10-year sunset of funding fee increases.”

“Consequently, MBA recommends that House leaders seek alternative offsets to the legislation, including designated appropriations and/or the use of unobligated or unutilized funds previously authorized by Congress for related programs,” the MBA stated.

The industry is treading carefully to address the issue, as the primary intent of these bills is to help veterans. H.R. 6047, for example, would increase benefits for severely disabled veterans who require round-the-clock care; raise survivors’ VA benefits by 1.5% over two years; and expand VA home loan eligibility for National Guard and Reserve members.

Specifically, it reduces the active-duty requirement for Guard and Reserve members from 90 days to 14 days, coupled with a 1% fee. Lawmakers estimate the changes will impact more than 500,000 people.

“What it shouldn’t be is pitting veterans against veterans — it shouldn’t be that another veteran is asked to give up a benefit or to pay more for something in order to support our most severely disabled. This is a debt that our nation owes, not other veterans,” Veale said.

Veale added that instead of raising VA funding fees, policymakers should expand eligibility to increase participation and fee revenue. She suggests making it easier for National Guard and Reserve members — who currently face complex eligibility rules and a minimum six-year service requirement — to qualify for VA loans, while also allowing veterans to transfer VA loan benefits to dependents, similar to the GI Bill.

Fewer advantages

Major Singleton, a branch manager at Edge Home Finance, explained that for those without a VA disability rating — which applies to active-duty service members — the cost of refinancing a home would go up substantially if the bill passes.

“When you’re doing a VA loan, the service member has to be able to recoup their cost of refinancing within 36 months, so if the closing cost is higher, then that means that potentially less veterans, less service members would meet recoupment,” Singleton said.

According to McKay, due to the fee change, “a refinance that pays for itself in roughly a year and a half today would take nearly five years to recoup, which would mean it’s ineligible.”

The fee can be paid upfront or rolled into the mortgage, which is the preferred option for most borrowers. The VA requires borrowers to make six on-time monthly payments to refinance a loan, while Ginnie Mae requires the borrower to have been in the loan for 210 days from the first payment due date.

Loan officers say the new bill, if approved, would mostly affect loans originated after 2023, when mortgage rates started to increase.

“I would agree that many of them refinanced during the COVID years, but for many of our active-duty service members, they purchased over the last two to three years with rates in the 6s,” Singleton said.

“I’ve been able to get people rates in the 5s; however, with the increased fee, that interest rate would have to maybe drop into the 4s in order for you to recoup the amount. Theoretically, we could get into the 4s, but we’re a long ways away from that.”

Kimber White, the president of the National Association of Mortgage Brokers (NAMB), applauded Congress for prioritizing health care and resource programs for disabled service members while noting the trade-offs.

“However, we are concerned that nearly tripling the IRRRL fee places an unintended financial burden on the very community we aim to protect,” White said. “Increasing these upfront costs directly reduces the immediate financial relief that a lower interest rate provides, extending the time it takes for a veteran family to recover their refinancing expenses.”

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The strikes follow a drone attack on a commercial vessel in the Strait of Hormuz and threatens to unwind the fragile ceasefire deal between Washington and Tehran

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Polestar said on Thursday that the Trump administration is forcing the electric vehicle maker to stop selling vehicles in the U.S. starting with the 2027 model year under a new regulation cracking down on China-linked automakers.

The Commerce Department’s Bureau of Industry and Security (BIS) declined to grant Polestar authorization to sell cars under the Connected Vehicles Rules, which restricts the importation and sale of cars with connected vehicle technology linked to China starting with the upcoming model year.

Bluetooth, wireless internet, cellular connectivity and some satellite communications technologies are covered under the rules based on national security concerns stemming from the ability of such vehicles to collect sensitive data on American owners.

The Commerce Department first adopted the rule in January 2025 before the end of the Biden administration, while it has remained in effect under President Donald Trump.

TRUMP ADMINISTRATION PLANS NEW TARIFFS ON 60 TRADING PARTNERS OVER FORCED LABOR IMPORT ENFORCEMENT FAILURES

Polestar CEO Michael Lohscheller said in a statement that the company will place a greater emphasis on Europe in its corporate strategy going forward, while the automaker’s announcement noted that 94% of its retail sales volumes in the first quarter of 2026 was from markets outside the U.S.

Lohscheller said that the “automotive industry is entering a new phase, based on regional dynamics. Our strategy reflects that, with Europe being our largest growth engine and our plan to manufacture Polestar 7 in Europe.”

“Our record sales in 2025 and the first quarter of 2026 show that we are making strong progress, with several new market launches taking place in Europe this year. In addition, we will continue to invest in markets where we have opportunities to continue to grow, like Southeast Asia, Eastern Europe, Latin America and Canada,” he added.

GORDON CHANG WARNS CHINESE EVS ENTERING US VIA CANADA COULD BECOME ‘ROLLING SPY MACHINES’

Polestar, which is based in Sweden, is majority owned by China’s Geely Holding Co.

FOX Business reached out to the Commerce Department and Geely for comment.

The company has struggled to turn a profit and has required repeated capital injections from Geely, and its shares have fallen sharply, which prompted it to carry out a reverse stock split last year to remain listed on the Nasdaq exchange.

Following the Commerce Department’s decision, Polestar will continue to sell the existing stock of Polestar 3 and Polestar 4 vehicles in the U.S. and support customers through access to its service network.

INDUSTRY GROUP WARNS OF CHINESE CONNECTED VEHICLES

Volvo, which produces some of Polestar’s cars and is a sister brand to the automaker, said in March it would consolidate production of the Polestar 3 at its South Carolina plant instead of also building it in China. It said it was too early to say whether Thursday’s announcement would shift those plans.

The Polestar 3 is the company’s only U.S.-manufactured model.

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Reuters contributed to this report.

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A question has hovered over America’s publicly traded homebuilders as the price, pace and margins plot thickened on or about February 28, 2026.

How big is big enough anymore, especially with the cloud of uncertainty that intensified on the day the Iran War began?

Taylor Morrison Home Corp.‘s recently filed proxy statement, detailing the process that culminated in Berkshire Hathaway‘s agreement to acquire the company, provides perhaps the clearest documentary evidence yet that this question is not merely a hypothetical strategic scenario.

What it has become is a board-level fiduciary matter that company managements must address.

After a close review of Taylor Morrison’s nearly 200-page filing, a conclusion emerges that differs in an important way from the initial uptake from Berkshire Hathaway’s agreement to acquire Taylor Morrison for $72.50 per share.

Berkshire Hathaway did not simply identify an attractive homebuilder and persuade its leadership to sell.

Taylor Morrison’s board had already embarked on a disciplined effort to determine whether remaining an independent public company continued to represent the highest-value outcome for shareholders.

Now both Berkshire’s and Taylor Morrison’s evident enthusiasm for the combination is clear, especially given the $1.1 trillion Berkshire opportunity to seize on the combinative potential of its holdings, investments, and strategic ownership of a housing and real estate empire.

Still, the distinction between Taylor Morrison being the pursuer or the pursued matters. That’s the case not because it says much about a single transaction, but because it reflects the increasingly difficult economics facing even exceptionally well-run public homebuilders as residential construction becomes a business that rewards scale, capital flexibility, operational breadth and long-duration investment horizons.

The proxy repeatedly makes clear that the board’s strategic review was not a reaction to operational weakness. Quite the opposite.

“Over the past several years,” the filing states, “the Board periodically evaluates a comprehensive range of strategic alternatives available to the Company to enhance long-term shareholder value,” including business combinations and acquisitions, evaluating each alternative according to whether it would create “scale and material value” relative to Taylor Morrison’s prospects as a standalone public company.

That phrase – “scale and material value” – may prove to be the proxy’s lodestone, because scale has increasingly become more than an operating ambition. It has become a governance issue.

When scale becomes fiduciary

For years, homebuilders have spoken openly about the advantages of getting larger.

  • Greater purchasing leverage.
  • Broader geographic diversification.
  • Deeper land pipelines.
  • More efficient overhead absorption.
  • Stronger access to capital.

Those have long been familiar elements of the industry’s strategic vernacular.

What is different here is that Taylor Morrison’s directors appear to have elevated scale from an operating objective to a fiduciary consideration. The proxy suggests the Board was no longer asking only whether management could continue to execute successfully. It was asking whether remaining independent continued to maximize long-term shareholder value in an industry where scale itself increasingly creates competitive advantage, an important evolution.

Scale, these developments suggest, may no longer be solely the management’s responsibility. It has escalated to one of the Board’s responsibilities to evaluate.

The 20,000-home question

One aspect of the proxy becomes particularly intriguing when viewed alongside Taylor Morrison’s long-stated strategic objective of becoming a 20,000-home annual builder.

For years, Chair, President and CEO Sheryl Palmer and her leadership team described that benchmark as more than a production milestone. Reaching roughly 20,000 annual closings represented the scale at which Taylor Morrison believed it could leverage investments in technology, land, purchasing, customer experience, talent and operating excellence across a broader enterprise.

That context makes the proxy’s chronology especially revealing.

The filing shows a board that remained confident in management’s five-year operating outlook while simultaneously exploring whether a combination with another company could create greater long-term value for shareholders.
The obvious question is whether those two realities were connected.

Did the Board conclude that achieving 20,000 annual closings independently would require more time, more capital, or greater execution risk than shareholders should reasonably be expected to bear?

The proxy never states this explicitly, but it also does not dismiss it. Rather, it repeatedly returns to the question of scale as an essential measure of strategic value.

Viewed through that lens, the Board’s deliberations become less about whether Taylor Morrison could eventually reach its long-stated scale objective and more about whether shareholders would be better served by reaching that objective through Berkshire Hathaway’s balance sheet than by another five or seven years of independent execution.

Duration, in other words, becomes part of the capital equation. Permanent capital does more than provide financial flexibility. It shortens the runway required to pursue acquisitions, deepen land positions, invest in technology, and absorb the inevitable volatility of the housing cycle. Whether management can execute is no longer the critical question. Whether execution alone is enough is the higher-priority challenge.

Testing the market

Perhaps the most revealing aspect of the proxy is that Taylor Morrison was not waiting passively for an unsolicited offer. The filing documents a structured effort by the Board and its advisors to test the market.

The company had already received an unsolicited proposal from another industry participant during the Fall of 2025, prompting a broader review of strategic alternatives. Over the following months, at the Board’s direction, representatives of Moelis contacted multiple strategic and financial buyers.

One strategic party declined, citing market uncertainty while expressing confidence in its own standalone strategy. A private equity firm concluded that the company was simply too large. Other prospective buyers determined that transaction size, execution risk or macroeconomic uncertainty outweighed the potential benefits of pursuing a combination.

The outcome – no new takers – is a revealing reflection of a Gordian Knot of uncertainty clouding the current year and beyond.

If one of America’s highest-performing public homebuilders – with a respected management team, one of the industry’s strongest customer brands, a disciplined acquisition record, and a clearly articulated growth strategy – attracted only a limited field of serious suitors, what does that suggest about today’s market for large public homebuilder acquisitions?

Perhaps the constraint is no longer about finding attractive acquisition candidates. Maybe now, it’s finding organizations with sufficient capital depth, strategic patience and long-term conviction to acquire them. That observation aligns with one of the central themes emerging throughout this Berkshire-Taylor Morrison series: the buyer universe itself appears to be changing.

The industry’s largest public builders remain important strategic acquirers. Japan-based housing companies continue expanding their U.S. footprints. Institutional capital has entered the sector more aggressively. Berkshire Hathaway has now joined that small group.

The number of organizations capable of writing an $8.5 billion enterprise-value check remains remarkably limited.

Certainty has value

The Board’s deliberations also expose another strategic reality that often nets less attention than purchase price. Certainty has value.

The proxy recounts that directors debated whether to contact additional prospective acquirers before entering into a definitive agreement with Berkshire. Ultimately, they concluded that doing so posed more risk than opportunity. Directors considered the risk of information leaks, recognized Berkshire’s longstanding aversion to auctions, and noted that earlier discussions that year had already shown limited interest among other potential buyers.

In today’s capital markets, the ability to close the deal may carry nearly as much value as the price itself. That calculus appears to have factored into the Board’s thinking throughout the process.

Importantly, the proxy also makes clear that management remained confident in Taylor Morrison’s Five-Year Forecast even as discussions with Berkshire continued. The Board was not choosing between success and failure.

It was evaluating two different paths toward creating shareholder value.

What the proxy really says

Read carefully, the proxy opens a window into how one of the homebuilding industry’s most accomplished public-company boards is thinking about the next decade. It may prove to be the first public roadmap showing how sophisticated boards are beginning to think about scale, capital, time and long-term value creation in an increasingly concentrated housing industry.

Taylor Morrison is hardly the only board grappling with questions about shareholder value and corporate independence. Beazer Homes‘ directors are evaluating Dream Finders Homesunsolicited acquisition proposal, a process unfolding under markedly different circumstances yet ultimately rooted in the same fiduciary obligation: determining whether shareholders are better served by remaining independent or by pursuing a combination with another company.

Let’s unpack the differences first.

Taylor Morrison’s board initiated its own review of strategic alternatives from a position of operational strength, actively assessing whether greater scale and access to long-term capital could accelerate value creation beyond what the company could achieve independently.

Beazer’s board, by contrast, is responding to an unsolicited bid while continuing to argue that the company’s long-term standalone strategy offers superior value.

Different circumstances, yes, but common ground on the fundamental question of governance.

That parallel suggests the Berkshire-Taylor Morrison transaction may be more than a singular event. It may reflect a broader evolution in how public homebuilder boards assess independence – not as a permanent objective, but as a strategic option among several for creating long-term shareholder value. That’s going to play differently into how acquisition targets get valued.

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Representative John Joyce of Pennsylvania, chairman of the House Energy and Commerce Oversight and Investigations Subcommittee, led a hearing Thursday in which Medicaid directors from four states defended their fraud-prevention efforts as Democrats accused the Trump administration of unfairly targeting Democratic-led states through funding penalties. The hearing marked the latest stage of a months-long congressional investigation into oversight of the nation’s Medicaid program.

Officials from New York, California, Minnesota, and Ohio testified before lawmakers. Minnesota’s acting Human Services Commissioner John Connolly acknowledged significant fraud involving the state’s autism-services program while outlining reforms that include expanded audits, stricter background checks and a new provider licensing system designed to reduce abuse.

Republican lawmakers argued that stronger oversight remains necessary. Chairman John Joyce and House Energy and Commerce Committee Chairman Brett Guthrie of Kentucky cited several recent enforcement actions, including a $90 million Medicaid fraud case in Minnesota, a $270 million prescription-drug fraud guilty plea in California, and $226 million in alleged adult day-care fraud uncovered in New York this year.

Democrats countered that while fraud investigations are appropriate, the administration has disproportionately targeted Democratic-led states by delaying or withholding federal Medicaid funding. They argued that enforcement actions risk becoming political tools against governors who oppose White House policies rather than neutral oversight efforts.

The financial stakes are substantial. The Centers for Medicare & Medicaid Services (CMS) deferred approximately $1.3 billion in federal Medicaid funding to California in May, describing it as the largest payment deferral in the agency’s history. Earlier this year, CMS also paused approximately $350 million in federal Medicaid payments to Minnesota while reviewing program compliance.

Unlike a permanent funding cut, a payment deferral temporarily suspends federal reimbursement until states can demonstrate that claims comply with Medicaid requirements. During that period, state governments must either finance the programs themselves or reduce expenditures while the review remains underway. Approximately $1.1 billion of California’s deferred funding involved home-care services for elderly individuals and people living with disabilities.

The dispute carries significant economic consequences beyond government budgets. Home-health agencies, nursing providers, hospitals and healthcare workers depend heavily on consistent Medicaid reimbursement. Delayed federal payments can affect payrolls, cash flow and patient services, forcing states to redirect money from other priorities to keep healthcare programs operating.

The Trump administration maintains that the effort represents a nationwide campaign against Medicaid fraud rather than a politically motivated initiative. CMS has instructed every state to rapidly revalidate higher-risk providers, launched reviews of state Medicaid Fraud Control Units and established a specialized task force focused on reducing improper payments throughout the system.

Committee leaders also emphasized that Medicaid fraud is not limited to any particular political party or region. Chairman Joyce noted during the hearing that fraud has occurred in both Republican-led and Democratic-led states for decades, costing taxpayers billions of dollars and underscoring the need for stronger accountability nationwide.

The hearing concluded a lengthy congressional review that included two previous oversight sessions, formal inquiries sent to 11 states, and examination of more than 90,000 pages of government records. As part of its response, Minnesota has accepted a corrective-action plan requiring 17 separate reforms, including a temporary pause on new providers operating in higher-risk service categories and revalidation of more than 5,500 existing providers.

For the tens of millions of Americans who depend on Medicaid for healthcare coverage, the debate extends well beyond Washington politics. The outcome will determine how federal oversight is conducted, whether reimbursement dollars continue flowing smoothly to healthcare providers and how much financial uncertainty states and medical organizations must navigate while fraud investigations continue.

JBizNews Desk
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Following a fairytale proposal in the Historic Mansion’s Throne Room, warm wishes and congratulations poured in from presidents, senior government officials and distinguished leaders around the world.

LAKEWOOD, N.J. — Family and friends gathered at the Historic Mansion at Georgian Court University to celebrate the engagement of Moshe Breger and Shana Honig, following a fairytale proposal in the Mansion’s magnificent Throne Room, an elegant setting that provided a memorable backdrop for the beginning of their new chapter together.

The evening unfolded within one of New Jersey’s most distinguished historic estates. Surrounded by the Mansion’s grand architecture, beautifully preserved interiors and timeless charm, guests attended an intimate VIP engagement reception that reflected both sophistication and warmth. The combination of history, elegance and family celebration created an atmosphere reminiscent of the classic society gatherings often associated with historic estates.

The engagement brings together two families with deep roots in Jewish communal leadership, service and Torah scholarship. Shana Honig descends from one of the Jewish world’s most distinguished rabbinic lineages, tracing her family’s heritage to two of history’s most revered Torah giants—Rabbi Akiva Eiger and the Holy Chasam Sofer. Their scholarship, leadership and lasting influence continue to inspire Jewish communities around the globe, making the occasion especially meaningful for generations of family and friends.

The Historic Mansion itself added to the significance of the celebration. For many guests, it was their first opportunity to experience the estate, whose elegant rooms and remarkable history provided a setting unlike a traditional banquet hall. The Throne Room, where the proposal took place, offered a fittingly majestic backdrop for the joyous occasion.

To allow the family to celebrate privately, access to the estate was limited to invited guests, with security present at the entrance throughout the evening. The intimate setting enabled family and close friends to share in the celebration while preserving the privacy of the couple and their loved ones.

As news of the engagement spread, warm wishes and congratulations arrived from across the United States, Israel and beyond. Among those extending personal congratulations were President of Israel Isaac Herzog, U.S. Ambassador to Israel Mike Huckabee, U.S. Secretary of Defense Pete Hegseth, Israel Foreign Minister Gideon Sa’ar, and U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., joined by numerous other public officials, community leaders and friends who offered their heartfelt blessings to the couple.

Throughout the evening, guests celebrated not only the engagement of Moshe and Shana, but also the coming together of two cherished families. The occasion was marked by joy, gratitude and heartfelt blessings as loved ones wished the couple every success in building a home founded upon faith, kindness and shared values.

As the celebration drew to a close, family and friends offered prayers that Moshe and Shana be blessed with a lifetime of Hashem’s blessings, abundant health, happiness, peace and success. Their engagement marked the beginning of a new journey—one celebrated in a setting of historic elegance and surrounded by the love, admiration and best wishes of family, friends and distinguished well-wishers from around the world.

Mazel Tov!

JBizNews Society Desk
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Depending on where you choose to live, $1,500 a month can get you a 1,378-square-foot, three-bedroom apartment in McAllen, Texas, or 210 square feet in Manhattan—smaller than a typical studio.
A June report from RentCafe indicates that in 64.5 percent of 200 major U.S. cities, $1,500 a month covers an average of 703 square feet of space—enough for at least a one-bedroom rental.
With the national average apartment rental at $1,740 as of March, apartment seekers can expect about 835 square feet of living space.
According to the report, McAllen offers the nation’s largest living spaces available for $1,500 monthly rent.
Livability.com, an online national resource for those considering relocation, calls McAllen “the perfect South Texas community,” due to its low cost of living, vibrant arts and music scene, and strong local economy. The website notes that more than 100 Fortune 500 companies also have a presence in the city….

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As an alternative to packing planes full of passengers paying lower prices, U.S. Airlines are taking a more disciplined approach to the peak July 4 travel weekend by offering less capacity, according to a June 26 report from IBA.
The global aviation intelligence and advisory firm headquartered in the United Kingdom reported that this year, capacity from June 27 to July 4 has declined slightly among U.S. airlines, despite a strong demand among holiday travelers.
“July 4th capacity tells a punchy story of fewer low-cost carrier seats, more full-service carrier capacity, and a market being managed for margin rather than volume,” Dan Taylor, IBA head of consulting, said in a news release emailed to The Epoch Times….

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In recent weeks, US Vice President JD Vance has made statements and suggestions implying that the military aid provided by the United States to Israel gives Washington the right to demand that Israel follow American policy. He has even hinted at restrictions or delays in weapons deliveries if Israel does not act in accordance with US wishes.

This is a troubling view. At best, it reflects only a partial understanding of reality. At worst, it represents an unfair attempt to exert political pressure by presenting an incomplete picture.

US military assistance to Israel currently stands at approximately $3.8 billion a year. The current agreement, signed in 2016 and covering the decade from 2019 through 2028, totals about $38 billion. Contrary to the impression sometimes created, however, this is not money sent to Israel without anything being received in return. It is a strategic arrangement that clearly serves American interests.

Over the years, senior American officials have described Israel as “the American aircraft carrier that cannot be sunk.” That description did not emerge by accident. Israel is the strongest and most stable US ally in the Middle East, a region in which Washington invests enormous resources to preserve its influence and protect its allies.

When Israel acts against Iran, Hezbollah, Hamas, or the Houthis, it is not defending only itself. Its actions also contribute to the security of moderate Arab states and to the protection of American interests throughout the region. Israel helps defend international trade routes, preserve the stability of global energy markets, and contain extremist forces that threaten the regional order.

In other words, Israel performs a role that would otherwise require a far broader, more expensive, and more dangerous American military presence.

The American public repeatedly hears that the United States gives Israel billions of dollars. What is mentioned far less often is that nearly all of that assistance must now be spent on American defense products

Israel uses the funds to purchase American-made F-35 and F-15 fighter jets, Apache helicopters, radar systems, advanced munitions, precision-guided bombs, and communications equipment.

The significance is clear: the money does not remain in Israel. It flows back into the American economy, strengthens the US defense manufacturing supply chain, and supports tens of thousands of jobs across the United States. Major companies such as Lockheed Martin, Boeing, RTX, Northrop Grumman, and General Dynamics benefit from orders worth billions of dollars.

Portraying the assistance as an act of one-sided generosity, therefore, misrepresents the facts. In practice, it is also an American jobs program.

Israel’s contributions

There is another element that is often overlooked: Israel’s security and technological contribution to the United States.

For years, Israel has served as a unique operational laboratory. Weapons systems, missile defenses, cybertechnology, artificial intelligence, and intelligence capabilities are tested under real-world conditions. The operational experience gained in Israel is shared regularly with American defense agencies and contributes directly to the capabilities of the US military.

Since the October 7 attack, Israel has become an especially valuable source of operational knowledge for Western militaries. Its experience confronting underground terrorist infrastructure, drone attacks, rocket and missile fire, and the integration of artificial intelligence into the battlefield provides lessons with few equivalents anywhere in the world.

Those lessons are now being studied by American defense institutions and are influencing the development of future US military doctrines.

Systems such as Iron Dome, David’s Sling, Arrow 2, and Arrow 3 were developed through Israeli American cooperation. Some of their components are manufactured in the United States and others in Israel. The knowledge accumulated through their development also serves American forces and helps protect US interests around the world.

Israel’s intelligence contribution is equally significant. Over the years, Israel has provided critical information about Iran, terrorist organizations, weapons smuggling, and international threats. Senior American officials have repeatedly acknowledged that Israeli intelligence has helped prevent attacks and save lives, including the lives of American civilians and soldiers.

Vance should understand that military assistance to Israel is not a one-sided burden on the American taxpayer. He should also examine the cost of the American military presence in the Middle East.

Al Udeid Air Base in Qatar, the largest American military base in the region, houses thousands of troops, aircraft, and operational headquarters. The cost of operating and maintaining it is estimated at about $1 billion a year. That is in addition to the enormous sums spent on bases, logistics, and American forces deployed throughout the region.

Israel, by contrast, does not require the permanent deployment of American troops on its soil. It provides the United States with intelligence, technology, operational experience, and a first-rate regional deterrent capability.

In many respects, Israel gives Washington strategic advantages that would otherwise require much greater American investment.

The real question, therefore, is not how much aid to Israel costs, but how much it would cost the United States to protect the same interests without Israel as a central strategic partner.

When statements are made suggesting that the United States “controls” Israel through military assistance, it is worth asking who truly benefits from the agreement.

Israel receives advanced weapons and maintains a qualitative military advantage. The United States gains a stable ally in a sensitive region, high-quality intelligence, technological innovation, regional influence, and a stronger defense industry.

This is not a relationship between a benefactor and a recipient of charity. It is a strategic, security, and economic arrangement from which the United States benefits no less than Israel.

The state of Israel was established so that the Jewish people would no longer depend on the decisions of others when it comes to their security. Israel’s government is elected by Israeli citizens, and its first duty is to protect them.

When American officials suggest that weapons deliveries could be conditioned on compliance with a particular policy, they are effectively asking a sovereign country to surrender its independent security judgment. It is doubtful that the United States would accept similar treatment from another country.

Investing in security

The simple question should therefore be directed to Vance: How would the United States respond if, following a ceasefire imposed from abroad, hundreds of American civilians were killed in terrorist attacks or missile strikes? Would Washington accept a situation in which a foreign power prevented it from defending its own citizens?

The answer is obvious.

Before threatening a weapons embargo or using military assistance as an instrument of political pressure, it is worth studying the facts.

The alliance between Israel and the United States is not based on pity or one-sided generosity. It is based on shared interests, shared values, and clear mutual benefit.

Military assistance is not a gift. It is an American investment that produces substantial strategic, security, and economic returns. Anyone seeking a serious discussion about the future of relations between the two countries must recognize that aid to Israel is not merely support for an ally. It is also an American investment in its own security.

The facts show that this is one of the most successful, stable, and mutually beneficial strategic partnerships the United States has maintained in recent decades.

The author is the CEO of Radios 100FM, an honorary consul, deputy dean of the consular diplomatic corps, president of the Israeli Radio Communications Association, and vice president of the Ambassadors Club. He previously served as a military affairs correspondent for Israel’s Army Radio and as a television correspondent for NBC News.

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As we are in the middle of the FIFA World Cup, I suffer sleepless nights and struggle with serious depression. In the name of Zeus, why is it that time after time we, Jews, find ourselves not at the center of these games? It is outright antisemitic!

Let’s be honest. Everyone knows the Jews run the world. We dominate the White House, control the financial world, and nearly win all the Nobel Prizes. Our country is bigger than China, and we occupy more foreign territory than any other country in the world. 

We are by far the most irritating people on the planet. With such a reputation, the FIFA World Cup should be child’s play. So, why are we not even in the running?

So, I went to Beitar Jerusalem’s locker rooms and put my ear to the wall. Then I traveled to the Hapoel Tel Aviv team, once more pressing my ear to listen. Finally, with that same ear, I walked into the rooms of Maccabi Haifa and listened again. My conclusion – there is only one way to fix this: 

Jewish football players need serious rabbinical advice. 

As everyone knows, I am Dutch, and was a close friend of the most famous Dutch football player ever, Johan Cruyff. This grants me the moral obligation to give Israeli football players such as Yossi Benayoun and Mordechai Spiegler a few tips. That they shall know and learn! 

One doesn’t just run after a ball. One identifies with it and gets into its kishkes

First of all, soccer is a romance between the player and the ball. The real Jewish soccer player must fall in love with the ball and sense where the leather wants to go. He needs to understand its difficulties and needs, and comprehend its relationship with other balls. 

One doesn’t just run after a ball. One identifies with it and gets into its kishkes (guts). One caresses and kisses the ball ad infinitum. 

And then this: The player must not wish to toot his own horn. He must be preoccupied with only one thought: I am nothing, the ball is everything. I must cede my personality to it. I have to be the ball. Once that happens, the goal is suspended in the air, ready to be plucked. 

Let me tell you something of my own experience with Cruyff.

When we played on the Dutch team called Ajax, there was one thing we both knew: you have to let the ball do the work. To put it in layman’s terms, you must stand exactly in the spot where you know the ball will come. True, it isn’t there yet. It may take 20 minutes. Just have patience.

I remember how Cruyff and I stood in the middle of the field while others would be chasing the ball. We simply waited, motionless. We ordered a coffee and exchanged a dvar Torah. Cruyff would stand with his head bowed, as if listening to something. 

And indeed he was. He was listening to the movements of the ball – its groans, its pleas. Then he would draw himself up and say to me, “Cardozo, in 18 minutes the ball is here.” And so it was. Yes, I stood offside, and the goal didn’t count, but that’s of little importance. What mattered is the gesture.

Our boys have to be much better prepared

ANOTHER THING: our boys have to be much better prepared. They must study the grass type on the soccer field, the quality of air to be expected, and the direction of the wind. In what language will the fans be shouting? What types of musical instruments will they use to encourage their favored team?

Israeli grass, for example, is different from the grass in Mexico. The Mexican stalk has 15% higher glucose than the Israeli one, while its strands grow in the opposite direction from those in Jerusalem. This is because Jews read their language from right to left. Over the course of hundreds of years, the shouting of Hebrew in the stadium caused a genetic mutation, making the grass grow against the natural order of things.

Why is this important? Because when you want to kick the ball to the nearest soccer player, you need to know whether the grass is your enemy or your friend. Does it accommodate the ball, or frustrate it? It’s all about friction and pressure. 

And we Jews know about these things. Our entire history has been one of constant friction, with each other and with the world. They have kicked us around left and right. But we have become immune and have outlived all our enemies. So, some Jews think that the ball, too, is immune. But it’s not. It is sensitive to the core and just wants to score.

And let us not forget about the famous Mexican Aztec Death Whistle, also called Ehecachichtli, blown by tens of thousands of fans in the stadium. Jews think it’s comparable to the shofar, but it isn’t. The shofar demands serious self-contemplation, while the task of the Ehecachichtli is to irritate and kill the opponent.

Jews may think these are trivialities that don’t matter at all. Wrong again. 

And that’s where we, the rabbis, come in. Our advice is indispensable. We rabbis have studied the Talmud and know that trivialities are the stuff of the world. We have contemplated and debated every detail of human existence, just as scientists dedicate their lives to studying the habits of insects or the properties of a plant. 

To them, every minutiae is significant. They diligently inquire into the most intricate qualities of things, because God is in the details. And so it is with us, the rabbis. We are experts in how to make a problem out of every solution. Therefore, we are unbeatable, even immortal, and know exactly what soccer is all about.

So, what needs to be done to ensure that next time, we Jews win the FIFA World Cup?

The first thing we must do is send a group of Jewish scientists – botanists, geologists, and meteorologists – to wherever the next World Cup will be held. They will need to test the ground and look into seed time, growing power, root substances, and above all, the pigment of the chlorophyll pellets. 

Similarly, they must examine the air quality and the various types of wind. Is there upbeat wind, or downbeat air? It is crucial to put all these winds and air substances in special wind sacks and send them for analysis to the Meteorological Center in Beit Dagan, located near Rishon Lezion.

Together with a keen understanding of the emotional makeup of the ball and its neshama (soul), we Jews will be able to start playing soccer properly and win every World Cup. Sure, we need to say some of King David’s Psalms – just in case. As is well known, it works wonders!

Of course, the United Nations and the Palestinians will object and claim that we didn’t play fair, that we occupied the ball and denied it its freedom. 

But we all know the real reason why they do not allow us to play at the FIFA World Cup. It is not because we are not good enough but because we Jews have outlived all our enemies. And the world is afraid that we will again win all the games and put all of them to shame. Out of our unprecedented humility, we will not make an issue out of it. But we know better.

After all, “He who laughs last, laughs best.”

Inspired by Dutch humorist Godfried Bomans (1913-1971).■

The writer is the author of many books, including the bestseller Jewish Law as Rebellion. Find his weekly essays at www.cardozoacademy.org.

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Given US President Donald Trump’s sterling record in confronting Iran – no other US president has actually gone to war against the radical Islamist regime and repeatedly backed Israel’s wars of defense against Iran – one wants to give Trump the benefit of the doubt now, too, when he seeks to defang Iran diplomatically.

But the trash-talking about Israel by Trump and especially by his Vice President, JD Vance, makes this hard to do.

Dr. Michael Doran of the Washington-based Hudson Institute argues, almost convincingly, that Trump is buying time, not surrendering to Iran.

The ceasefire agreement Trump signed with Iran is minimally meant to reopen the Strait of Hormuz and immediately bring down oil prices, he says. Convincing the Iranians to reopen the Strait required many US concessions.

With midterm elections looming, the political math was unforgiving, and Trump calculated that American retreat, however inelegant and unfortunate, was preferable for the time being.

But according to Doran, that does not mean Trump has gone wobbly. The agreement does not mark a definitive and permanent surrender, leaving Iran free to behave as it pleases.

If Iran seeks to revitalize its nuclear program and protect it with a shield of ballistic missiles, or aggressively ride herd on Arabian Gulf oil shipping, Trump’s record suggests that he will strike Iran again – Doran insists.

Note, for example, that Trump is not withdrawing US forces from the region (including Israel), and the US Mideast military footprint remains massive. So, the credibility of an American military threat remains strong.

This sunny analysis could be correct, especially if one accepts the premise that domestic politics is the main driver of Trump’s ceasefire gambit. It is also possible that the US military needs an interregnum to rearm and reorganize (just as the IDF and IAF need time to bulk up and restock for the confrontations likely ahead in 2027).

The risks behind the US’s deal with Iran

But Trump is prone to conjuring up huge and historic “peace” deals, believing his own rhetoric even when it flies in the face of reality, and then moving on – leaving allies on their own to deal with messy, very warlike, aftermaths. See Ukraine and Gaza, and now perhaps Lebanon and Iran too.

Moreover, the concessions given by the US to Iran – such as accepting as “understandable” Iran’s ballistic missile array aimed at Israel and Arab allies of America, and the hundreds of billions of dollars of oil sales revenue and Western investment in Iran now allowed or promised by Trump – legitimize the ayatollahs and strengthen the IRGC’s hold on the country for the long term.

And linking Hormuz to Israeli operations against Hezbollah in Lebanon is a cardinal sin. What will come next? Iranian demands that Israel withdraw from Jerusalem, dismantle settlements in Judea and Samaria, and facilitate the establishment of a Palestinian state – or else Iran will re-shutter Hormuz and strangle Western economies?

Thus, in the real world – not an imaginary world of grand civilizational peace and a “new era of US-Iranian relations with some very nice and responsible Iranian leaders” who whimsically reflect “regime change” in Tehran, according to Trump – America’s “temporary concessions” to Iran are not easily reversible.

Nevertheless, one could and should give Trump the benefit of the doubt. As I wrote in early June, working with him over the next 30 months to complete the campaign more decisively against Iran remains the right and necessary exigency.

His style is irritating, and apparent dithering is dangerous, but Trump continues to show a basic understanding of the need to reshape the global strategic architecture by eviscerating Iran. For Israel, bobbing and weaving with Trump on all key regional issues is hard but remains necessary.

What casts a dark shadow over the above assessment, and which suggests darker influences at work, is the gushing embrace by the Trump Administration of nefarious players like Qatar, Turkey, Pakistan, and Syria. Trump does not yet comprehend that these are the governments who make-up the next anti-American and anti-Israel regional strategic syndicate that will pose real peril.

These are America’s new best friends? The emir of Qatar, whose Al Jazeera broadcast network backs Iran and Hamas and continues to agitate for the slaughter of Americans across the Mideast, and who funds the worst Islamic armies in the region?

The president of Turkey, who hosts and sponsors Hamas terrorist leaders and talks openly about nuclear annihilation of Israel, and who has thrown a monkey wrench into every Western effort against Iran?

Worse still are a series of gratuitous and unjustified comments by Trump and Vance that castigate Israel.

Does the prime minister of Israel, leading his country across seven confrontation fronts against genocidal assaults and acknowledged by Trump as a “great wartime leader,” deserve derision as a “hothead,” as the most irresponsible regional actor? 

On what basis does Syrian President Ahmed Al-Sharaa deserve greater respect as someone who can get a better handle on Hezbollah, if Israel can’t do the job without killing everyone else”?

Channeling the sinister tales against Israel spread by his podcaster friend Tucker Carlson, JD Vance went further, suggesting that Israelis and Americans critical of the US “concession” to Iran, which has handcuffed IDF operations against Hezbollah, are simply being bloodthirsty.

“You’re a country of (only) nine million people. You can’t just kill your way out of solving every single national security problem that you have,” Vance said.

These are monstrous comments, especially regarding Lebanon, where Israel has gone to enormous lengths to target Hezbollah with precision attacks that minimize civilian casualties, just as Israel did against Hamas in Gaza!

And just to be sure that everybody understands Israel’s vassal status in his eyes, Vance scolded specific Israeli critics of the ceasefire deal, adding that “Donald J. Trump is the only head of state in the world who is sympathetic to the nation of Israel at this moment in time, and he happens to be the head of state of the world’s superpower. (So) If I were in the cabinet of the Israeli government, I might not be attacking the only powerful ally that I have left in the entire world.”

The contempt for Israel evident in Vance’s comments, his seeming glee at Israel’s isolation, and his nasty dismissal of the legitimacy of dissent from the current policy direction are unnerving.

He seems to revel in highlighting and amplifying divergence in interests between Washington and Jerusalem: “We can get to a long-term settlement to Iran’s nuclear deal. Now, Israel may like that, they may not like that. But fundamentally, we think this is in the best interest of the United States of America.”

There is no appreciation here of an ally, Israel, which fought heroically side-by-side with American forces and was essential, indeed primarily responsible, for the success that America achieved against Iran. We hear no understanding whatsoever for Israel’s critical need to crushingly destroy the Iranian terrorist armies, Hamas and Hezbollah, still attacking Israel across its southern and northern borders.

Instead, we hear this: You, Israel, and your “[expletive-deleted] crazy” leader should just shut up. America has decided to call off the war/s, and you had better play ball or else.

Coming from Trump, Israel can chalk up the rebuke to his vainglorious and imperious style and then move past this to cooperate with him on many indeed shared future challenges. Coming from Vance, the slam down sounds much more menacing and patently prejudicial.

The writer is managing senior fellow at the Jerusalem-based Misgav Institute for National Security & Zionist Strategy. The views expressed here are his own. His diplomatic, defense, political, and Jewish world columns over the past 30 years are at davidmweinberg.com.

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You hear them in a conference session, jot them down in your notebook, and then weeks later you find yourself still thinking about them while walking the dog, sitting on an airplane or reading another industry headline (from HousingWire, of course).

That happened to me with something Ron Leonhardt, founder and CEO of CrossCountry Mortgage, said during his session with Clayton Collins at The Gathering. He was talking about servicing and why CrossCountry has decided to keep as much of it as possible. His point was incredibly simple but brilliant, which is probably why it has stuck with me.

“You did all the hard work to get the loan in the first place. Don’t give away your future.”

Huh. Is that ever a good line – and not just a line, but a simple, true point.

And the more I have thought about it, the more I think it captures one of the more important strategic questions lenders are facing right now. In this business, we spend an enormous amount of time, money, energy and brain damage, and I mean that affectionately, trying to win the customer in the first place. We build brands. We buy leads. We nurture real estate agent relationships. We train loan officers. We build CRMs and marketing campaigns and referral strategies and tech stacks. We worry about conversion rates, pull-through, margins, fallout, cycle times, borrower experience and every other piece of the origination journey. We do all the things.

Then, after all of that work, after we finally close the loan and have worked hard to earn the customer’s trust, many lenders effectively hand the ongoing relationship and referrals right off to someone else.

To be clear, there have always been strong business reasons for selling servicing, and I am not suggesting that every lender should, or even can, retain servicing. Capital, liquidity, execution, risk management, operational capacity and market cycles all matter. This is not a “everyone should do one thing” kind of topic, because very few things in mortgage are that simple, no matter how much we wish they were. And note that how this article hits you, and the actions you may decide to take after reading it will depend on if you are a lender who services, a lender who sells servicing, or a standalone servicing company.

But for all concerned, I do think Ron’s point is worth sitting with for a minute.

Because in a market where customers are harder to win, transactions are harder to come by, and the cost of origination remains stubbornly high, servicing is not just an accounting decision or a back-office function. Increasingly, servicing is a customer strategy.

Or at least, it can be.

The next opportunity

We are seeing that play out across the industry. The recent activity around servicing, from Rocket and Mr. Cooper to the ongoing attention around Two Harbors, UWM and CrossCountry, is not just about scale for scale’s sake. It is about the very real belief that the company with the ongoing relationship has a better chance of securing the next opportunity.

And that next opportunity matters, particularly as the market stubbornly refuses to improve as quickly as my optimistic heart wants to see.

The next opportunity could be a refinance. It could be a purchase. It could be a referral. It could be a borrower who has a question about insurance, equity, affordability or their next financial move and, if we are doing this right, turns first to the company that has continued to earn their trust after closing.

That is the strategic promise of servicing. But here is where I think lenders need to be careful: owning the servicing is not the same thing as owning the relationship.

That may sound obvious, but I’m not sure we always behave as if it were obvious.

A servicing portfolio gives you access. It gives you data. It gives you payment history, equity signals, rate opportunities and life-event clues. It gives you a legitimate reason to stay in front of the customer long after the closing package has been signed and the moving boxes have been unpacked.

But none of that automatically creates loyalty, and this is where the customer experience becomes the whole ballgame.

The importance of customer experience

J.D. Power’s 2025 mortgage data tells a pretty darn important story. Mortgage origination satisfaction has improved meaningfully, with customers responding well to better communication, better advisory-style guidance and a more thoughtful blend of human and digital interaction. That is great news, and frankly, lenders should take some pride in it. After a few very hard years, it is encouraging to see evidence that the industry is getting better at helping borrowers through the front end of the mortgage journey.

But the servicing side tells a different story. J.D. Power also found that servicer satisfaction is still significantly lower than origination satisfaction, with communication and customer engagement continuing to be major pain points.

Think about it from the borrower’s point of view. During origination, they may have had a loan officer checking in regularly, a processor helping them understand the next step, emails and texts telling them what was needed, and maybe even a nice congratulations message when the loan closed. Then suddenly they are in servicing, where the relationship can feel less personal, the communication can feel more procedural, and the only time they hear from anyone is when something changes, something is due, or something has gone sideways.

This is not exactly the stuff lifelong relationships are made of.

And yes, servicing is complicated. Escrow accounts are complicated. Transfers are complicated. Investor requirements are complicated. Compliance is complicated. I can already hear the servicing folks saying, “Sue, you have no idea.” And they would be right that I have not lived their day-to-day reality.

But here is the thing: the borrower does not care that it is complicated.

The borrower cares that their payment is right. They care that their questions are answered. They care that they can find their information easily. They care that when their escrow payment changes, someone explains it in a way that does not require a decoder ring and a glass of wine. They care that the company they trusted with one of the biggest financial transactions of their lives still seems to know who they are after the transaction closes.

That is a big difference – and it is one of the reasons I think the conversation about servicing is shifting from “Should we retain MSRs?” to “What kind of relationship do we want with our customers after the loan closes?”

The shift to relationship

The first question is financial and operational, while the second one is strategic.

Now, the good news is that servicers are clearly making progress. ICE’s March Mortgage Monitor showed that servicers retained one in three refinancing borrowers in the fourth quarter, the strongest overall retention rate since early 2014. Retention among rate-and-term refinances reached 40%, a meaningful improvement.

That is not nothing. In fact, it is a big deal. (And I’ll insert a blinding flash of the obvious – this improvement is NOT good news for the lenders who are selling servicing and NOT doing a good job of staying in touch with the borrower.)

Back to the ICE stats, which tell us that better data, better timing, better outreach and better portfolio management are beginning to move the needle. Servicers are getting smarter about identifying opportunity, showing up earlier and more proactively, and using technology more effectively to do so. They are starting to act less like administrators of a loan and more like stewards of a customer relationship.

All of that is encouraging for servicers, and the consumers they serve.

But before we start popping the champagne at the improvement, we also need to remember what “one in three” means … It means two out of three refinancing borrowers still went elsewhere.

So yes, retention is improving, and that absolutely matters. But the fact that a borrower is in your servicing portfolio does not mean they are patiently waiting for you to call when the next opportunity arises. It does not mean they will come back for their next loan. It does not mean they will send you their son, their neighbor, their co-worker or their best friend from pickleball.

The relationship still has to be earned, and that is the part I keep coming back to.

For years, lenders have talked about the importance of staying in touch after closing, but in many organizations, that really meant some combination of birthday emails, home anniversary messages, rate alerts, maybe a newsletter and, if everyone was feeling particularly ambitious, a home value update.

I am not knocking those things. They can all be useful. But they are not, by themselves, a complete relationship strategy.

A real post-closing relationship strategy starts with the handoff. It starts with the borrower feeling like the company that helped them get the loan is still with them, not that they have been passed to a different department, a different system, or a different company that does not know the backstory.

It means the transition into servicing should feel intentional. Borrowers should know who will service their loan, what to expect, how to make payments, where to go with questions and why staying connected to the lender is valuable to them, not just valuable to the lender.

Then it has to continue from there.

If insurance costs are rising, help them understand what is happening. If escrow changes, explain it in human terms. If they have tappable equity, educate them before someone else does. If rates move and a refinance might make sense, reach out with context, not just a generic “now may be a good time” message. If you have data insights on customer life events and they are likely to be preparing for a move, show up with insight, not just another sales pitch.

Where data and technology make a difference

This is where the combination of servicing data, smart technology and actual human judgment can be powerful. AI and automation can help identify the signal. Data can help prioritize the opportunity. But the relationship is still built through relevance, trust and timing.

Or, said another way, just because you can send the message does not mean the message is worth sending.

Borrowers are not looking for more noise. They are looking for someone who makes the complicated parts of homeownership feel a little more manageable. That is a very different bar.

And it may be the bar that separates the companies that simply retain servicing … from the companies that truly build lifetime customers.

This is also why I think lenders need to be careful not to let the servicing discussion become too internally focused. It is easy to talk about MSR values, recapture rates, revenue diversification, hedging, capital treatment and platform scale, and all of that is important. Very important.

But if the only lens is the company’s economics, we miss the borrower’s experience – and if we miss on the borrower’s experience, we miss the whole point.

The borrower is not thinking, “How wonderful that my lender has created a more stable recurring revenue stream.” The borrower is thinking, “Can I trust these people? Are they easy to work with? Do they understand me? Do they help me make good decisions? Do I feel like they are paying attention?”

Those questions are what determine whether servicing becomes a strategic asset or just another operational responsibility.

So, when I think back to Ron’s quote, I do not hear it as only a call to retain servicing. I hear it as a call to stop thinking about the mortgage relationship as ending at closing.

“You did all the hard work to get the loan in the first place. Don’t give away your future.”

That future is not just the next transaction. It is the next conversation, the next problem solved, the next question answered, the next moment when the borrower needs guidance and decides who they trust enough to ask.

Servicing gives lenders a chance to be there for those moments.

But only if they treat servicing as the beginning of the next stage of the relationship, rather than the administrative aftermath of the first.

The companies that win in this next phase will not simply be those with the largest servicing portfolios. They will be the ones who close the experience gap, communicate with relevance, use data with discipline, and understand that customer retention is not something you own simply because the loan is on your books.

It is something you earn because the borrower believes you are still worth coming back to, and that is the real opportunity. It’s not just about keeping the loan; it’s about keeping the customer.

And, as Ron so perfectly put it, not giving away your future.

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A decade after addressing a room full of real estate agents as a motivational speaker, Barry Long is being recognized as a 2026 National Association of Realtors (NAR) Fair Housing Champion.

Home accessibility search standards that Long co-developed are being adopted by multiple listing services (MLS) nationwide — transforming how homebuyers living with disabilities find properties.

Long, a T5 paraplegic who uses a manual wheelchair, was living in Alaska and working as a fishing guide when a motorcycle crash in the early 1990s changed his life.

He returned to school, then spent multiple years backpacking around the world.

“I went out and bungee jumped and skydived and scuba dived and raced wheelchairs and just took the whole wheelchair thing on as an adventure versus a disability,” Long told HousingWire.

That perspective launched a career as a motivational speaker with clients including Boeing, Microsoft, Alaska Airlines and T-Mobile. In 2015, he was hired to speak at a local Sotheby’s International Realty office.

It was at that event that Long’s challenge cut to the heart of a broken system.

“I said, ‘Hey, you know what? I’ve been in a wheelchair for 25 years at this point, and there is no way for me to find a home that has accessibility features,’” he said. “I told them, ‘There was no way for me to sell a home that has accessibility features. You’re Sotheby’s, so what are you going to do about it?’”

Executives took him seriously — and invited him to lunch roughly one month later.

“They said, ‘You know, Barry? You’re right, the system is broken across the country in real estate, there’s no way to capture accessibility, and we don’t know why, because the [Americans with Disabilities Act] passed in 1990, and you might be able to figure it out. You could come help us,’” Long said. “That was what started this whole thing. It was literally a challenge at a public speaking gig.”

In 2016, Seattle-based Marketplace Sotheby’s International Realty paid for Long to get his real estate license to help fix the system.

He still maintains his speaking company — Talk & Roll Enterprises Inc. — though it now serves as a side venture in relation to real estate work.

A partnership forms

Working as an agent, Long soon connected with Tom Minty of John L. Scott Real Estate.

Minty had been working on similar accessibility initiatives after struggling to find a home for a client living with muscular dystrophy.

He and Long discovered they lived just eight minutes apart.

“I called him up and said, ‘Hey, Tom, you don’t know who I am, but here’s what I’m about ready to take on,’ and he said he’d been wanting to do this for years,” said Long.

They established Minty’s earlier company — Able Environments — as a formal corporation and partnered with the Northwest Multiple Listing Service (NWMLS), which opened its dataset to them.

Long gained new perspective on why accessibility standards had been lacking nationwide.

“There’s a definition for a bedroom, there’s a definition for a bathroom, whether it’s a half-bath or a whole bathroom, three-quarter bath and so on,” he said. “There’s definitions around square footage and about all of these things, but there’s no definition for the word accessibility, because accessibility is relative.

“My accessibility in a manual wheelchair is completely different than the accessibility of somebody in a power chair, or a walker, or developmentally disabled, or blind or deaf. The list goes on and on. So, there was no way to actually take a home and say, ‘This home is accessible,’ because there’s no yes-no answer to that, so everyone was afraid of it.”

Searchable standards

Long and Minty developed 12 accessibility feature categories — including approach, entrance, living space, kitchen, bedroom, bathroom and home automation.

Agents can check whether a property has an accessible bathroom without determining who might use it.

“You’re not trying to guess whether it’s somebody who’s in a wheelchair who’s going to use it,” said Long. “If there’s a no-lip entry into the shower, that could be used by any number of people. It could be used by a person in a wheelchair, a person in a walker or just a person who doesn’t like stepping over steps.”

NWMLS adopted the standards and Long said he has since communicated with leaders from Realtor.com, Homes.com and Zillow on the matter.

 The Real Estate Standards Organization has also given the criteria its preliminary approval as a national standard, he added.

“I want somebody in Illinois to be able to search for our house in Seattle and go, ‘Hey, does it have a three-bed, two-bath in this school district, and does it have an accessible approach and accessible entrance?’ That’s the goal,” Long said.

Training and misconceptions

Long and Minty created a 10-hour Association of Real Estate License Law Officials-approved master class leading to the Accessibility Real Estate Specialist, or ARES, designation.

That included turning a barn on Long’s property into a recording studio — bringing in experts from the disability, architecture and legal fields and creating video-based course material.

Long says the biggest agent misconceptions that he wants to debunk involve accessible homes being perceived as “hospital-esque.”

“You can walk through [modern accessible homes] and you would go, ‘This is one of the most beautiful houses I’ve ever seen,” he said. “You would have no idea that it’s absolutely 100% accessible for somebody in a power wheelchair.

“We fight this old school stereotype that if a house has a ramp, then it’s going to be devalued, because all those people not looking for a handicapped house aren’t going to look at that house, and we found that’s not the case at all.”

Aging in place, industry impact

Long sees accessibility upgrades as a value-add, especially as more than 10,000 baby boomers turn 65 daily. He and Minty met with appraisers to advocate for recognizing accessibility in property valuations — also noting a local 55-and-over community where every home had two steps to enter.

“Accessibility is a value-add to properties that are now being sold,” Long said. “The hope is that builders start seeing that and add the accessibility just to the inherent design of their architecture.”

Able Environments has also created a nonprofit to help other MLSs adopt the standards without financial barriers. The VA has expressed interest in implementing the system, and Long said he recently met with its deputy director.

Standards Long helped create are now positioned to become a national benchmark — and his recognition as a Fair Housing Champion has given a decade-long effort the ultimate validation.

“One in four people in this country have some kind of a disability, it’s a known stat,” Long said. “This isn’t just a thing for them. Everybody who’s looking for a house can benefit from this information that’s out there.”

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Dell Technologies on Thursday announced that shareholders granted their approval to the company’s plan to switch its state of incorporation from Delaware to Texas.

Michael Dell, founder and CEO of Dell Technologies, announced the results of the shareholder vote, which was overwhelmingly in favor of the move, in a social media post on the X platform.

“Today, with 97% approval, Dell shareholders voted to bring our legal home to Texas,” Dell said.

“This is home and where we’ve always belonged. Texas gave us the talent, the universities, and the environment to build something that lasts. Proud to make it official. Let’s go,” Dell added.

DELL WORKFORCE SHRINKS BY 10% FOR THIRD CONSECUTIVE YEAR

The company’s board of directors approved the proposal in May ahead of the shareholder vote, at which time Dell said, “Texas is where Dell has innovated, expanded, and invested for more than four decades, and bringing our legal home to Texas reflects what we’ve been building here all along.”

Dell Technologies has long kept its corporate headquarters in Texas, with it being founded while Dell was attending the University of Texas at Austin, and he was living in a university dorm room in 1984.

The company built a large presence in the Austin area, including its offices and manufacturing facilities, and in 1994 built a new campus for its corporate headquarters in Round Rock, Texas.

ELON’S EXODUS: TRACKING MUSK’S BUSINESS INCORPORATION STATE CHANGES

By switching the state where the company is legally domiciled, Dell Technologies will shift the venue of future legal disputes with shareholders from the Delaware Court of Chancery to courts in the state of Texas, which are viewed as having a more business-friendly approach to shareholder lawsuits.

Tesla CEO Elon Musk, who moved Tesla’s state of incorporation from Delaware to Texas following a controversial decision by the Delaware Court of Chancery, applauded Dell’s move on his X social media platform with a one word response to Michael Dell’s post that said simply, “Texas.”

ELON MUSK MOVES SPACEX TO TEXAS AFTER DELAWARE REVOKED HIS TESLA SALARY PACKAGE

Musk sought shareholder approval for the switch after a Delaware judge in the Court of Chancery issued a ruling that voided his $56 billion pay package in January 2024, which prompted him to warn, “Never incorporate your company in the state of Delaware.”

Tesla shareholders ultimately approved the move, while the Delaware Supreme Court overturned the judge’s ruling in December 2025. Later that month, Tesla shareholders approved a new pay package valued at about $1 trillion if operational and financial targets are reached.

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Musk has also relocated the state of incorporation for some of his other businesses out of Delaware, with SpaceX’s legal domicile being switched to Texas in February 2024. Several of his other ventures have had their state of incorporation changed to Nevada.

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Mayor Zohran Mamdani on Friday opened a lottery for 100,000 free tickets to the Macy’s 4th of July Fireworks show next week. In celebration of its 50th July 4th event, and coinciding with America 250, Macy’s will expand the show to the East River, the Hudson River, and the Brooklyn Bridge. The event is free to watch without a ticket, but those who are selected by the lottery will get a front-row seat to the spectacle, which includes more than 85,000 shells and 30 colors. The lottery is open now through Monday, June 29, at 11:59 p.m.

Courtesy of Macy’s.

Macy’s 4th of July Fireworks will be visible from any area with an unobstructed view of the sky above the East River in the Seaport, the Hudson River in Jersey City, and of the Brooklyn Bridge.

Over the Brooklyn Bridge, 12 pyrotechnic animations will be projected, including a 1,600-foot-wide USA flag. There will also be an inverted rainbow from the bridge cable and a cascading eight-layer rainbow from the roadway. According to Macy’s, the show includes 85,000 total shells and 20,000 effects.

The show will be set to a musical score produced and arranged by Jason Howland. The 27-minute musical score “recreates the quintessential sounds of five decades of American summers,” according to Macy’s, with songs from 1976 and beyond. The fireworks will begin at 9:25 p.m.

Noah Kahan, Post Malone, Salt-N-Pepa, Bebe Rexha, Shaboozey, and Blake Shelton will be performing at a televised show at Pier 17 before the fireworks. Viewers can tune into NBC and Peacock starting at 8 p.m.

Lottery winners will be chosen at random; location and residency are not part of the selection process. Each winner can bring three guests and select from four separate viewing zones, three of which are in Brooklyn Bridge Park and one in the South Street Seaport. Winners will be announced between June 30 and July 3.

In Manhattan, non-ticked viewing locations will be along the FDR in Manhattan. More information on access points will be released soon.

In Jersey City, viewing locations are along the Hudson River at Exchange Place, the Hudson River Waterfront Walkway, and at the Colgate Clock near Essex Street.

Jersey City is hosting an all-day festival with vendors and programming on Montgomery Street, Washington Street, Warren Street, Christopher Columbus Drive, and the Hudson River Waterfront Walkway.

Last year, the city under former Mayor Eric Adams also gave out 100,000 free tickets. Previously, the city would set aside just 10,000.

The post NYC to give out 100,000 free tickets to Macy’s 4th of July fireworks show first appeared on 6sqft.

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Zoox, the self-driving unit owned by Amazon, unveiled what it called a “production-intent” version of its cube-shaped robotaxi on Wednesday and said it plans to begin charging passengers for rides later this year, according to the company, marking a major step toward turning a long-running experiment into a real business. The redesign adds higher-quality touch screens, more comfortable seats and headrests, and small interior tweaks to help riders spot forgotten items like keys and phones.

The vehicle remains unlike anything most riders have used. The robotaxi is a cube-shaped, bidirectional electric pod with four-wheel steering, no steering wheel, no brake pedal and no front seat for a human driver, capable of carrying four passengers at up to 75 miles per hour. Zoox also enlarged and relocated the bidirectional reflectors that help riders and others tell the vehicle’s front from its rear.

The redesign is built for volume. Zoox said the production-intent vehicle will join its existing fleet later this year, and that it will soon begin large-scale production at its San Francisco Bay Area manufacturing hub, which opened last June and will eventually produce 10,000 vehicles a year at full scale. The line could ramp up to 100 vehicles a week to support expansion, subject to regulatory approval.

That regulatory approval is the gating factor for the whole plan. Zoox cannot charge a single rider until the National Highway Traffic Safety Administration says it can, and its petition has been in review since a public comment period closed in April. The company is seeking clearance to deploy up to 2,500 driverless vehicles for commercial operations on public roads, a step complicated by federal rules that generally require vehicles to have standard driver controls.

Zoox has built a sizable base of riders despite charging nothing so far. The company said it has served more than 500,000 riders since opening service in Las Vegas last September, and currently offers free rides in parts of Las Vegas and San Francisco while letting select users hail its robotaxis in small areas of Miami and Austin. It has also partnered with Uber to make its robotaxis available through the ride-hailing app in Las Vegas.

Even so, Zoox trails the clear market leader. Amazon acquired Zoox for $1.3 billion in 2020, but the unit is well behind Alphabet’s Waymo, which recently surpassed 500,000 weekly paid rides across 10 U.S. cities and plans to launch in London and Tokyo, its first international markets. Waymo operates a fleet of more than 3,700 robotaxis that have logged over 200 million autonomous miles. The gap between 500,000 total riders and 500,000 paid rides every week shows how much ground Zoox has to make up.

Safety remains a live question for the entire industry, and for Zoox specifically. NHTSA had logged 123 accidents involving Zoox vehicles in autonomous mode as of March 2026, and the company issued three voluntary software recalls between March and December 2025 affecting about 860 vehicles, addressing unexpected hard braking, collision-prediction failures and lane-crossing behavior near intersections. Those incidents are a factor in the agency’s ongoing review.

The business logic behind the push is straightforward. A robotaxi that gives free rides is a research project; one that charges fares is a transportation company. Zoox’s move to a production vehicle, a factory that can build at scale and a plan to start billing riders signals that Amazon intends to compete for a slice of the urban-mobility market that Waymo has been steadily commercializing. The prize is a recurring-revenue ride-hailing business with no driver to pay, the economics that have made autonomous vehicles one of the most expensive bets in technology.

For everyday riders, the practical question is when and where these vehicles will actually show up as a paid option. The production-intent vehicles will join the free-ride fleet later in 2026 as they roll off the Hayward line, with paid rides contingent on a federal ruling that NHTSA has not yet scheduled. Until that decision comes, Zoox can build cars, refine the cabin and sign up riders, but it cannot turn the meter on. The redesign unveiled this week is the company’s clearest statement yet that it intends to be ready the moment Washington gives the word.

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Homebuyers in Florida have filed a lawsuit against Compass challenging a transaction fee the brokerage charged them upon the close of their August 2024 home purchase. 

Filed on Tuesday in Palm Beach County, Florida circuit court by plaintiffs Jeff and Melissa Efron, the suit accused Compass of “unfair and deceptive business practices” for allegedly uniformly charging “an undisclosed flat-fee to all Florida purchasing clients.” The plaintiffs allegedly paid Compass $475 when their transaction closed. The Efrons claim that the brokerage told them “that as the agents of the buyers, their efforts would be paid from the commission paid by sellers.”

The plaintiffs go on to claim that the transaction fee they paid violates the Florida Consumer Collections Practices Act and the Florida Deceptive and Unfair Trade Practices Act because it is “unreasonable, illegitimate, excessive … or were for services which were not performed.” 

In addition, the plaintiffs claim that the purchase contract they signed during their transaction was the standard purchase and sale agreement approved by Florida Realtors and the Florida Bar that had then been amended to include “additional terms.” They argue that “the modification of a contract approved by the Florida Bar by a non-lawyer is the illegal practice of law.” 

The complaint goes on to claim that through these acts, Compass is “scamming Floridians and is engaged in the unauthorized practice of law without a license.”

The plaintiffs are seeking damages in excess of $15,000 and they are seeking class action status for the suit, which would include all buyers who paid such a fee to Compass Florida between June 2022 and June of 2026. 

Compass addressed the transaction fees it charges consumers in the firm’s Q1 2026 earnings report, in which Compass acknowledged them as a revenue stream, however the company did not disclose how much these fees were. Compass expanded these fees nationwide earlier this year, prior to this, they only applied in certain markets, including Florida.

“We primarily generate revenue from our owned-brokerage business when we collect a share of the gross sales commissions that these real estate professionals earn from home sales and certain other fees, such as flat transaction commission fees,” the earnings report states. 

Compass did not immediately return HousingWire’s request for comment. 

The fees and closing costs consumers pay real estate professionals through home sale transactions have come under increased scrutiny in recent years through the commission lawsuits, as well as the examination of referral fees by regulators and pressure on title firms to lower the cost of title insurance

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New York Attorney General Letitia James has charged a Queens resident with allegedly stealing the Brooklyn home and savings of a 92-year-old woman with dementia, in a case highlighting how deed theft continues to strip home equity and housing security from elderly homeowners in New York City.

On Thursday, James’ office announced the arrest and indictment of Mark Salkey, 58, for allegedly stealing the East Flatbush, Brooklyn, home of 92-year-old homeowner Althea Garrick while she was receiving dementia care in her house, according to a press from the AG’s office.

Between 2022 and 2024, Salkey allegedly used forged documents, including a forged deed, to transfer ownership of Garrick’s longtime home to his company, Salkey Salkey & Associates Inc., the attorney general said. Garrick has owned the property since 1976 and became sole owner in 1998.

Prosecutors allege that once he recorded the deed, Salkey moved multiple unauthorized tenants into the property — including his sister — and charged each between $2,000 and $2,200 per month in rent, collecting about $70,000 while Garrick and her ex-husband were left to live in a small bedroom in the home they had owned for decades.

The home was valued at about $950,000 when it was allegedly stolen in 2023 and is now worth more than $1 million, the AG’s office said.

In addition to the real estate transfer, Salkey is accused of draining Garrick’s savings by liquidating her bank accounts using forged checks, allegedly stealing about $148,000. He also allegedly took about $20,000 from her ex-husband’s pension deposits. Investigators say the funds went toward a range of personal expenses, including credit card bills, college tuition, luxury retail purchases, rental cars, clothing, nail salon visits and airfare.

Salkey was arrested June 23 and charged with 23 crimes — including grand larceny, criminal possession of stolen property, criminal possession of a forged instrument, forgery, offering a false instrument for filing and falsifying business records. If convicted on the top count, he faces a maximum sentence of eight to 25 years in prison.

“If these allegations are true, this is one of the most disturbing examples of deed theft I’ve seen because the victim was allegedly exploited while living with dementia,” Tanya Hobson-Williams, founder of New York-based elder law firm Hobson-Williams PC, said in a statement.

“This wasn’t simply financial fraud. It was the theft of a person’s home, dignity and security.”

Ongoing deed theft concerns, enforcement push

The case underscores how deed theft and related fraud schemes continue to target elderly, Black and immigrant homeowners in New York City’s highest-appreciating neighborhoods. For real estate agents, mortgage lenders and title companies, the indictment is another warning that forged deeds, fraudulent powers of attorney and unauthorized tenants are not edge cases but ongoing operational and compliance risks.

State lawmakers and local officials have identified deed theft as a contributor to displacement and the erosion of generational wealth in communities of color. The concentration of cases in areas like Central Brooklyn — where home values have climbed sharply over the past decade — raises the stakes for verifying seller identity, confirming chain of title, and scrutinizing unusual ownership changes involving seniors or properties in probate or distress.

James has made deed theft enforcement a priority in recent years and has pushed for stronger statutory tools to prosecute fraudulent transfers. The AG’s office noted other recent cases:

  • September 2025: A former Rockland County real estate agent pleaded guilty after forging a homeowner’s signature to take title without her knowledge.
  • August 2025: Two people were indicted for allegedly stealing the home of an elderly widow in Queens while she received end-of-life hospice care.
  • February 2025: Charges were announced against a Queens woman accused of stealing her elderly neighbor’s home and funds.
  • October 2024: James and Bronx County District Attorney Darcel Clark announced the arrests of three alleged real estate scammers accused of stealing more than $250,000 and attempting to take a Bronx resident’s childhood home.

In April, New York City Mayor Zohran Mamdani announced the creation of the city’s Office of Deed Theft Prevention, a new unit housed in the Department of Finance to coordinate citywide efforts to combat fraudulent property transfers.

The mayor also named Peter White — an attorney with Access Justice Brooklyn who has spent years representing homeowners facing foreclosure and alleged deed theft — as the office’s first director. White is expected to reshape the city’s strategy on early detection of deed fraud, homeowner assistance and integration of the state’s enforcement tools.

“The theft of a home is the theft of a family’s future,” Mamdani said in a statement. “Deed theft preys on the New Yorkers who can least afford it. Today, we are bringing the full force of City government to bear to stop it — to protect homeowners, defend generational wealth and make clear that this City will not tolerate the exploitation of our communities.”

Combating fraud in the courts

Hobson-Williams said the case reflects a rise in deed theft schemes that target senior homeowners, particularly those living alone or experiencing cognitive declines. Her firm shared data on how these crimes have become more prevalent.

  • Nearly 3,500 deed theft complaints were filed across New York state between 2014 and 2023.
  • Another 517 complaints were reported in 2025 alone, with Brooklyn and Queens among the hardest-hit boroughs.
  • Nationally, 63% of Realtors reported deed theft activity in their markets — a share that jumped to 92% in the Northeast, according to the National Association of Realtors.
  • About 12% of reported cases involve owner-occupied homes.

Communities of color have been disproportionately affected, Hobson-Williams said, particularly in neighborhoods where families have accumulated significant home equity over generations.

Hobson-Williams said she has represented multiple deed theft victims and recently secured a court victory that restored ownership of a Brooklyn home to a senior with dementia after it had been transferred through a defective power of attorney.

In that case, Kings County Supreme Court Justice Joy Campanelli ruled that the purchaser was not a bona fide purchaser for value and ordered the property returned to its rightful owner.

“The legal system can correct these injustices, but victims often don’t discover the theft until months or years later,” Hobson-Williams said. “By then, properties may have been sold multiple times, making recovery far more difficult.”

She went on to praise James and New York Gov. Kathy Hochul for increased enforcement against deed theft but said additional legislative safeguards are needed for elderly homeowners with dementia and other cognitive impairments.

“We need stronger legal protections before these crimes happen — not just prosecutions afterward,” Hobson-Williams said. “Seniors living with dementia or other cognitive challenges are uniquely vulnerable to deed theft. New York should create enhanced criminal penalties when these crimes target elderly or cognitively impaired homeowners and implement additional safeguards that make fraudulent property transfers much more difficult.”

This article was written by Neil Pierson and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

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A small aircraft crashed into Beijing’s tallest building Friday afternoon, according to witness accounts and Chinese media reports, damaging the glass façade of the CITIC Tower and forcing an evacuation in the heart of the capital’s central business district. The 528-meter skyscraper, headquarters of the state-owned CITIC Group, drew a massive response from police, firefighters and emergency medical crews as authorities sealed off surrounding streets.

The incident struck one of China’s most recognizable business landmarks. Known as China Zun because of its resemblance to an ancient ceremonial wine vessel, the 108-story tower dominates Beijing’s financial district and houses offices belonging to one of the country’s largest financial and industrial conglomerates.

Information surrounding the incident remained tightly controlled. An individual working inside the building told reporters that a small aircraft struck the tower and activated the fire alarm system, speaking anonymously because aviation accidents are considered politically sensitive in China. Initial reports indicated that at least two exterior glass panels on an upper floor sustained damage.

Witnesses described a dramatic scene. A courier working nearby said he rushed toward the area after hearing what sounded louder than fireworks and saw the aircraft embedded in the building before police pushed people back from the scene. Officers reportedly prevented bystanders from photographing the damage and instructed several people to delete images already taken.

The security implications are significant. Beijing maintains some of the strictest controlled airspace in the world, and authorities recently strengthened restrictions even further by effectively prohibiting most consumer drone activity throughout the capital without prior government approval. Under normal circumstances, unauthorized aircraft are virtually never seen over the city’s central business district.

Preliminary information suggested the aircraft may have been a small general aviation plane. Images circulating online appeared to show the registration of a domestically manufactured light sport aircraft operated by a local aviation company, while unverified flight-tracking information indicated the plane departed from an airfield near Beijing before apparently deviating significantly from its planned route.

The disruption immediately affected the surrounding business district. Evacuating one of the city’s flagship office towers during the workday halted operations for thousands of employees and tenants. Damage to the building’s exterior also raises questions regarding repair costs, insurance claims and how long portions of the skyscraper may remain inaccessible.

The symbolic impact extends beyond the immediate physical damage. CITIC Tower represents one of modern China’s premier financial landmarks, and an aircraft striking the headquarters of a major state-owned enterprise in one of the world’s most heavily monitored cities is likely to unsettle business confidence and raise broader security concerns.

Chinese authorities provided few official details. Neither the Beijing municipal government nor local police immediately released a formal explanation, and investigators had not publicly identified the cause of the crash. The limited official information is consistent with how Chinese authorities have historically handled politically sensitive incidents involving transportation and public safety.

The accident could also reshape China’s approach to general aviation. A breach involving one of the capital’s most tightly controlled airspaces may prompt even stricter regulations governing light aircraft operations, an industry Beijing has been attempting to expand as part of its broader push into the country’s developing low-altitude economy.

For now, the immediate picture remains one of a shaken financial district, a damaged landmark skyscraper and a government working to tightly control information surrounding an extraordinary event. What remains undisputed is that a small aircraft reached one of China’s most protected business districts and struck its tallest building in broad daylight.

JBizNews Desk
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Data makes it easier to do our jobs in real estate — but accuracy and trust are more important than ever.

We live and work in an age of nearly instant information and timesaving technology. This has had a profound impact on those of us in the world of real estate. With the tools at our disposal, we can draw on broad swaths of data to make well-reasoned decisions, and we can reach people and followers in faster and more creative ways than ever before.

But this speed, particularly in the realm of social media, can be a double-edged sword. A story can spread like wildfire. And often the juicier or more outrageous the story is, the quicker it moves and the farther it goes. Especially for Realtors, who have an obligation to act with the highest ethical standards for all parties, this reality can pose a difficult challenge. The ability to evaluate and utilize sound data and insights in a responsible way has never been more important, both to the profession and those who rely on real estate professionals.

The ‘viral’ data

I’m specifically talking about a piece of “data” that has made the rounds and caused a persistent stir. It is a table stating that 71% of Realtors supposedly didn’t close any deals in 2025. Not only is it juicy, it looks like it’s got NAR’s stamp of approval.

The problem is that the graphic isn’t from NAR. I was just as surprised to see the number as all of you were. Apparently, it was based on a survey of a limited sample size, which drew from all real estate agents, not just Realtors. This is an important point because the professionals surveyed may not even work with buyers or sellers; instead, they may be focused entirely on efforts such as appraisals or property management.  

In today’s social media environment, it’s not a surprise that the table has made the rounds. A study published in Science analyzed millions of Twitter posts, finding that false stories were about 70% more likely to be retweeted than true ones. The result is that these falsehoods reached more people and in faster fashion. And because the “statistic” fits certain perceived notions or narratives, some continue to reference it, even when they themselves acknowledge that it lacks the Realtor stamp of credibility.

The real statistic is far less eye-popping

Only 6% of Realtors who operated as individuals and 2% who operate on teams had zero transactions in 2026 — a far cry from the number in the viral post.

This is drawn from a more reputable source of insights analyzing REALTORS® and their activities: our annual member profile. Our member profile from 2026 explored topics like transactions, income, use of technology, and more.

Change is the only constant in the real estate market. That’s why, among the many things we are proud of at NAR, it is the faithfulness of the data that we collect and the reports that we produce. There are the reports on core housing market data and trends such as Existing Home Sales that we have produced monthly for decades. There are the analyses that provide valuable context, shedding light on why the market and industry have moved in different ways over the months and years.

These insights are rigorous and well-sourced. And if the real estate industry is going to be able to cogently assess and react to changing market conditions, having rigorous, trustworthy data to rely on has never been more important.

This is especially true for Realtors and our fellow real estate professionals. In fact, NAR’s 2026 Home Buyers and Generational Trends report noted recently that over the past decade or so, there has been an increase in agent use by buyers and sellers—nearly 91% of sellers and 88% of buyers, which is up from 2015. It’s a sign that the value REALTORS® provide remains essential when consumers approach what is, for most of them, the most important financial transaction of their lives.

So, a note of caution to my colleagues as we read and share information about the real estate profession. As with buying and selling a home, if there’s something that seems too convenient or sounds good to be true, it probably is.

Dr. Jessica Lautz is the Deputy Chief Economist and Vice President of Research for the National Association of Realtors.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.

To contact the editor responsible for this piece: tracey@hwmedia.com

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The U.S. Department of Veterans Affairs (VA) has updated several home loan appraisal requirements, removing and revising certain Minimum Property Requirements (MPRs), the agency announced Thursday.

The changes are now in effect and reflected in the revised VA Lenders Handbook. The agency said in a news release that the updates are intended to “reduce delays, cut outdated rules and help Veteran homebuyers move faster in a competitive housing market.”

VA is also adjusting appraisal fees in select regions to remain competitive and maintain a pool of experienced appraisers.

“The cost for the appraisal went up slightly — that’s not a dramatic impact,” said Major Singleton, a branch manager at Edge Home Finance. “On average, we are seeing an increase of about $50. I cover the cost of the appraisal for my veteran and active-duty buyers.”

Appraisal fees average about $700, but they can reach $950 in Hawaii or $1,250 in Alaska, VA loan officers told HousingWire.

Faster timelines

VA said the updates are designed to make their home loans more competitive, accessible and responsive to current market conditions by keeping appraisal timelines “moving in the right direction.”

As of May 31, the average VA appraisal takes about seven business days, according to the agency.

“You can negotiate now with the appraiser for a rush fee, which wasn’t in place before,” Singleton said. “However, that appraiser has the right to charge whatever they want for that.”

VA framed the move as part of a broader modernization initiative that includes enhanced digital tools to track appraisal orders from notification through completion, as well as improvements to analytics and communication throughout the process.

Revised requirements, clarifications

VA said the revisions focus on long-standing requirements that have contributed to appraisal delays or added costs for veteran buyers.

The agency has removed the full radon-gas requirement; revised standards for properties built before 1978 and for properties built in 1978 or later; streamlined guidance on detached improvements and Specially Adapted Housing Regional Loan Center jurisdiction; and updated guidance for non-vented heaters.

VA said its goal is to remove outdated requirements, clarify gray areas for appraisers and lenders, and better align its rules with current housing standards and federal directives.

“One of the biggest pushbacks for VA home loans for a long time has been that agents will say, ‘Oh, they’re harder because the appraisals are harder; they have more difficult appraisal criteria to meet minimum property requirements,’” said Gay Veale, chief experience officer at Vetted VA.

One example, according to Veale, involves homes built before 1978. Previously, VA required any chipped, peeling or flaking paint — interior or exterior — to be repainted before a loan could close, a requirement that some in the industry viewed as cosmetic.

“That’s a small example of them relaxing and being more realistic on those minimum property requirements,” Veale said.

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The New York City Rent Guidelines Board (RGB) voted 7-1 on Thursday to freeze the rent for rent-stabilized apartments.

A summary of the rent-stabilized apartment guidelines adopted on Thursday indicates that “Together with such further adjustments as may be authorized by law, the annual adjustment for leases for apartments shall be” 0% for one-year and two-year leases starting “on or after October 1, 2026, and on or before September 30, 2027.”

New York City Mayor Zohran Mamdani, whose prominent rent-freezing pledge marked a key plank of his Big Apple mayoral campaign last year, issued a statement hailing the board’s move.

“This is a historic victory for New York City tenants. After reviewing the data and hearing from New Yorkers across the city, the independent RGB has delivered a freeze on one-year leases, and the first-ever freeze on two-year leases in our city’s history. This is the relief that working people across our city deserve,” the mayor declared in the statement.

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“I’m grateful for the board members’ thoughtful consideration of the data, including tenants’ ability to pay, cost of living and building operating costs. I’ll continue working to deliver a more affordable city by building and preserving affordable housing, lowering building operating costs like insurance, and ensuring tenants know their rights,” he added.

The board is stacked with six people appointed by Mamdani.

“Chantella Mitchell will serve as the Chair of the RGB; Sina Sinai, Lauren Melodia and Brandon Mancilla have been appointed as public representatives; Maksim Wynn will serve as an owner representative; and Adán Soltren has been reappointed as a tenant representative,” a February press release noted. “They join Arpit Gupta, Christina Smyth and Sagar Sharma on the nine-member board.”

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Smyth issued a statement announcing her immediate resignation on Thursday morning, prior to the board’s vote later that day.

“I am resigning because the process I was appointed to take part in is not administered the way the law requires. The Rent Guidelines Board has stopped being a fact-finding body. It has become a body that starts with an answer and vibe codes its way backward to justify it,” she asserted in a statement.

“This year’s RGB order was decided last year on the campaign trail. Then in February, the Mayor appointed six of the nine members of this board. This rebuilt board was required to deliver a rent freeze. Everything since has been theater. The hearings, the reports, the public comment, the data. None of it was ever going to change the result,” she declared.

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The board “is mandated to establish rent adjustments for the approximately one million dwelling units subject to the Rent Stabilization Law in New York City,” according to the city.

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The next era of mobile technology will turn everyday Americans into “walking cameras” as AI-powered smart glasses monitor everything they see and hear, according to Qualcomm CEO Cristiano Amon.

During an appearance on “Mornings with Maria,” Amon described a future in which ultra-fast 6G networks will allow smart glasses to stream information to AI models in real time. He said the shift could reshape both the technology industry and everyday life. 

“6G is going to transform all of us into walking cameras because we have the ability to, everything that we see, send it to AI models that will interact with us and get intelligence right away,” Amon said Friday. “And that’s an exciting new device category.”

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Qualcomm is known for creating technology inside devices such as smartphones, allowing them to connect to the internet. Earlier this week, Qualcomm announced its latest partnership with Meta to support the company’s rapidly growing computing needs.

Amon pointed to smart glasses as a key device for the future, saying they allow people to interact with technology close to their faces while AI processes what users see and hear.

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“There’s a very interesting thing about glasses, and Meta is correct, and there’s many other companies investing in this,” he said. 

“As we humans start to interact with the computers the way we interact with ourselves, glasses is a very important real estate because it’s close to our eyes, our ears, our mouth. And AI is [going to] see what we see, hear what we hear, read what we read. And then you have this intelligence very quickly.”

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Meta, Google and Apple have all invested in developing their own smart glasses, with newer models incorporating artificial intelligence. On Tuesday, Meta announced a new line of lower-cost AI glasses powered by the company’s AI technology, Muse Spark. 

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Qualcomm has also expanded its focus into data centers and AI software. It introduced a new “Dragonfly C1000” central processing unit that it says Meta is using. The company also plans to acquire AI startup Modular.

“I was reading a lot of the analyst reports from Investor Day, and there’s one headline that really, I really liked it and it caught my attention. There’s a headline that said, ’This is not your father’s Qualcomm anymore,’” Amon said of the changes. “And I think that’s kind of the story of the company.”

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More than 660 affordable homes are coming to the Greenpoint waterfront after a New York City Council committee on Thursday approved the major Monitor Point rezoning. First announced in 2021, the project will bring a new mixed-use complex to an MTA-owned waterfront site, with 50 percent of its 1,324 total units designated as permanently affordable following negotiations between the developer and the City Council. The rezoning also includes public green space as part of Bushwick Inlet Park, along with investments in transit and climate resiliency measures.

Rendering: Gotham Organization

The Gotham Organization is the developer of the project. The firm is partnering with RiseBoro Community Partnership on Monitor Point’s affordable and senior housing, building on their collaboration at Long Island City’s Gotham Point development.

Of the 1,324 units, 662 are slated to be affordable. This includes 329 deeply affordable units for New Yorkers earning between 40 and 60 percent of the area median income (AMI), and 172 moderate-income apartments for those between 80 and 125 percent of the AMI. An additional 161 apartments will be deeply affordable senior housing, with 110 of those units designated for formerly homeless New Yorkers.

According to Council Member Restler, most of the units will be for people making between 30 and 60 percent of the AMI. Meaning, a family of three earning $76,300 a year could rent a two-bedroom for $1,822 a month, while a senior earning $35,600 could rent a one-bedroom for $911.

Rendering: Gotham Organization

Reslter had opposed the project for five years because he wanted more affordable housing added. The project’s original request for proposals called for just 225 affordable units. After many negotiations with Restler and other officials, Gotham on Thursday added 200 additional affordable homes, increasing the total from 40 percent to 50 percent affordable.

“Our city is in the midst of a historic affordability crisis, and this project will help address the urgent shortage of affordable homes in Greenpoint,” Restler said. “Any development on publicly-owned land must be primarily for the public good.”

“Monitor Point will add desperately needed deeply affordable housing to our community, providing some of our most vulnerable neighbors with stable, dignified homes, while improving critical public infrastructure and expanding public green space.”

The affordable apartments will be found across two buildings, a mixed-income tower with 958 total units and a 100 percent affordable building with 366 apartments.

The west building includes two towers at 56 stories and 600 feet tall, and the east building will be roughly 21 stories and 230 feet tall.

Rendering: Gotham Organization

Another key component of the rezoning is 27-acre Bushwick Inlet Park, which Mayor Zohran Mamdani has committed to completing. Gotham will contribute $300,000 annually to maintain and operate the park, with dedicated funds going towards the Brooklyn Parks Alliance.

The project will also include more public green space than originally proposed. The waterfront esplanade will be expanded to 40 feet wide, adding roughly 52,000 square feet of publicly accessible waterfront space linking Greenpoint to Bushwick Inlet Park.

Earlier this month, the city’s Parks Department opened the new “Motiva” parcel, a roughly 1.7-acre waterfront greenspace with restored wetlands, native plantings, and a small beach with a kayak launch. The park is still only about a third complete.

The development also includes a new permanent home for the Monitor Museum on museum-owned land, including the USS Monitor launch site. The institution will continue offering educational programming honoring the ironclad warship that fought in the American Civil War, as 6sqft previously reported.

Resiliency measures include a new waterfront bulkhead to protect against flooding and stormwater retention systems to reduce pressure on local sewers during storms. Both buildings and green space will also be elevated to help mitigate inland flooding.

Other upgrades include a commitment to make the Nassau G train ADA-accessible during the current five-year capital plan, at an estimated cost of $60 million. The plan also includes 2,700 square feet of affordable space for local nonprofits.

The rezoning was approved by the Council’s Subcommittee on Zoning and Franchises and the Committee on Land Use. The project heads to the Council for a final vote.

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The Korea Exchange halted trading on its benchmark Kospi index on Friday, June 26, after a fresh wave of selling in artificial-intelligence and memory-chip shares tore through emerging markets and capped one of the roughest weeks for developing-nation stocks this spring. The trigger came from the United States, where the U.S. Bureau of Economic Analysis reported that May Personal Consumption Expenditures (PCE) inflation, the Federal Reserve’s preferred inflation gauge, rose 4.1% from a year earlier, a near three-year high that hardened expectations the Fed could keep interest rates higher for longer.

An MSCI gauge of emerging-market equities fell as much as 3.9% on Friday, marking its steepest one-day decline since early June. The selloff began in Asia before spreading across global markets, with investors dumping many of the AI-related stocks that had driven much of this year’s market gains.

South Korea absorbed the heaviest losses. The Kospi plunged more than 8% during the session before recovering some ground to finish down 5.81%, triggering the exchange’s sidecar trading safeguard. Samsung Electronics and SK Hynix, which together account for roughly half of the index’s weighting, each fell about 9% despite news that the companies are expected to unveil a 1,000 trillion won semiconductor investment initiative on June 29. Traders instead chose to lock in profits after months of AI-fueled gains.

Japan also came under pressure. The Nikkei 225 dropped 4.15% to 69,360.83, erasing the previous day’s advance. The biggest casualty was SoftBank Group, whose shares fell more than 14% during trading before closing down 12.53% at 6,226 yen, wiping out roughly 5.6 trillion yen in market value. Investors reacted to reports that OpenAI, in which SoftBank owns approximately a 13% stake valued near $65 billion, may delay its initial public offering until 2027 as losses continue to mount.

Selling pressure was already spreading into U.S. markets before the opening bell. In premarket trading, ON Semiconductor fell as much as 13.6%, Micron Technology dropped 4.7%, while both Advanced Micro Devices and Intel declined more than 3%. Futures also pointed lower, with Nasdaq 100 futures down 1.08% and S&P 500 futures slipping 0.44%.

The inflation report transformed what had been a technology-sector pullback into a broader global retreat. Hotter inflation reduces the likelihood of near-term interest-rate cuts, increasing borrowing costs and reducing the present value of future earnings. That dynamic tends to weigh most heavily on high-growth technology companies whose valuations depend on profits expected years into the future.

Corporate news added to the pressure. Apple raised prices on its Mac and iPad product lines to offset rising memory-chip costs, sending its shares down more than 5%. Although analysts at JPMorgan argued investors had overreacted to the move, the price increases highlighted how rising semiconductor costs are increasingly reaching consumers rather than remaining confined to the supply chain.

Market strategists largely characterized Friday’s decline as a sharp reset rather than the beginning of a prolonged downturn. Dan Ives of Wedbush Securities has repeatedly described similar pullbacks as “gut-check moments,” maintaining that the artificial-intelligence investment cycle remains in its early stages. James Reilly, senior markets economist at Capital Economics, said the latest swings reflect the growing volatility that has become common across technology shares. Foreign investors have also accelerated their selling, unloading roughly $22 billion of South Korean equities since May.

The week had already been difficult for Korean markets. On Tuesday, June 23, the Kospi tumbled 9.99%, falling from record levels to 8,203.84, as both Samsung Electronics and SK Hynix lost roughly 12% in a single trading session that local investors dubbed “Black Tuesday.” Strong quarterly results from Micron Technology released after the U.S. close on June 24 briefly improved sentiment, but Friday’s hotter-than-expected inflation report erased that optimism.

Underlying the volatility is the question of valuation. Before this week’s decline, the Kospi had surged more than 90% for the year, driven overwhelmingly by enthusiasm surrounding AI memory demand. That left investors with little margin for disappointment when inflation concerns resurfaced. Because Samsung Electronics and SK Hynix supply memory chips used in many of the world’s leading AI systems, their decline has renewed debate over whether valuations across the broader artificial-intelligence sector have become stretched, including recently public companies such as SpaceX (ticker: SPCX), whose shares have traded near $156 following their June 12 debut despite strong investor demand for the company’s bond offering.

For everyday investors, the message is straightforward. The artificial-intelligence rally that helped propel markets higher throughout the year can reverse quickly when inflation data surprises to the upside or investor sentiment suddenly shifts. South Korea’s markets will reopen Monday with traders closely watching Samsung Electronics’ planned June 29 investment announcement and any new signals from the Federal Reserve that could determine whether investors return to the AI trade or continue taking profits.

JBizNews Desk
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This was my first year attending BIO. JPM is called the “Super Bowl of biotech,” so with delegations from dozens of countries in attendance, you might say BIO is the World Cup. The big question I had going in, like with any other industry event, was “what are the vibes going to be like?” After witnessing some, frankly, bad overall moods at other major events last year, I was struck by how different things felt at BIO 2026

Joining me in San Diego were STAT biotech correspondent Meghana Keshavan, health tech reporter Brittany Trang, and Washington correspondent Daniel Payne. In this week’s STATus Report, you’ll get vibe checks from some industry executives and my three aforementioned colleagues and hear what difference a year can make.

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U.S. Sens. Elizabeth Warren (D-Mass.) and Bernie Moreno (R-Ohio) are calling on Congress to shore up Social Security by lifting the cap on wages subject to payroll taxes.

The proposal comes as policymakers and financial professionals warn of looming funding shortfalls and widespread confusion among retirees about how the program works.

In an essay published Tuesday by The New York Times, Warren and Moreno urged Congress to eliminate the Social Security payroll tax cap, currently set at $184,500 for 2026.

Under current law, workers and employers each pay 6.2% in payroll taxes only on wages up to that threshold.

Warren and Moreno argue that removing the cap would raise roughly $3 trillion over 10 years and extend the program’s solvency, helping avoid depletion of the Social Security trust fund by late 2032 and a potential benefit cut of more than 20%.

“We don’t agree on everything, but here’s one thing we do agree on: Congress must act now to save Social Security for generations of Americans to come,” Warren and Moreno wrote.

They said the change would address what they describe as an imbalance in the system, where high earners pay a smaller share of total income into Social Security once they exceed the cap. The senators also framed the issue in terms of fairness across income groups.

“This is a no-brainer: The wealthiest Americans, who have benefited the most from America’s opportunities, should contribute the same percentage of their income as a factory worker in Chillicothe, Ohio, or a teacher in Worcester, Mass.,” they added.

Trust fund warning, retirement planning

The essay cited projections from Social Security trustees showing the program’s main trust fund could be depleted in about six years if Congress does not act.

After that point, benefits would be automatically reduced by more than 20%, affecting tens of millions of retirees.

The senators said Social Security remains a foundational “covenant” between workers and the federal government, financed through payroll contributions made over a lifetime of work.

At the same time, retirement experts say confusion about Social Security is creating opportunities for broader financial planning discussions.

During a recent webinar hosted by the National Reverse Mortgage Lenders Association (NRMLA) that featured Thomas Drapala of the National Association of Registered Social Security Analysts, presenters said many Americans lack basic understanding of their future benefits.

“Social Security is a universal topic,” Drapala said. “Almost everyone is going to claim it. Not everyone will get a reverse mortgage, but many of the same clients qualify for both conversations.”

Drapala told roughly 160 registrants from 47 companies across 35 states that 51% of Americans do not know how much of their retirement income will come from Social Security, while 42% do not know their expected monthly benefit and 33% are unsure of their full retirement age.

“When I help my clients with their Social Security, aside from Social Security itself as their main retirement income, a lot of times the other main asset that they have is their home,” he said. “And I think it’s all of our jobs as professionals, whether you’re a reverse mortgage agent or whether you deal with Social Security as I do, we’re there to educate clients so that they can live the secure retirement that they’re looking for.”

Housing, income stability link

Speakers at the webinar also said Social Security planning can intersect with housing decisions, particularly for older homeowners who are weighing reverse mortgages as a way to remain in their homes.

“The general theme is enabling someone, at least from a financial standpoint, to stay in their home indefinitely,” said Chris Downey, senior vice president at Federal Savings Bank and co-chair of NRMLA’s education committee. “You’ve got to do what is best for the client, not for your sales numbers.”

Drapala said Social Security can function as a stable income base for fixed expenses, while other tools — including home equity — can supplement retirement planning.

This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication.

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“The Islamic Republic of Iran launched at least four One Way Attack Drones at ships transversing the Strait of Hormuz,” US President Donald Trump stated on Truth Social, Friday.

Trump went on to say one of the drones hit the upper deck of a Cargo Ship, causing damage, but the ship was reportedly able to ‘proceed on its way.’ 

“We knocked down three other drones,” Trump stated, and called the attack a foolish violation of the current ceasefire agreement.

This is a developing story.

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Tehran reasserted its right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the US, a day after an attack on a ship near Oman highlighted the fragility of a preliminary deal to end the Iran war.

Iran was responding to what it called an “interventionist, irresponsible and provocative” joint statement by the United States and six Gulf states that rejected Iran’s insistence that it could charge tolls on vessels transiting the strait.

“Safe passage through the Strait of Hormuz cannot be guaranteed under ambiguous arrangements, parallel routes or decision-making that does not take Iran’s role as a coastal state into account,” Deputy Foreign Minister Kazem Gharibabadi said on X.

Underlining the risks facing shipping, Iranian state TV said three foreign tankers attempting what it called an “unauthorized passage” of the strait were turned back after a warning from the Islamic Revolutionary Guard Corps. It gave no further details.

Asked about the matter, a US official said: “We are aware of these reports and looking into them. President (Donald) Trump has been clear that Iran cannot subvert the free flow of traffic in the Strait.”

Oil prices dropped by more than 3% on Friday, on course for steep weekly losses despite the conflicting interpretations of last week’s interim deal between Iran and the US and a slowdown in traffic through the strait, where a fifth of global oil and liquefied natural gas supplies typically passes.

Saudi Aramco resumed crude loadings on Friday at its Ras Tanura terminal in the Gulf, the world’s biggest oil port, after a nearly four-month halt, shipping data showed.

Fertilizer shipments through the strait have also picked up, helping to assuage concerns about a spike in global food prices because of the waterway’s prolonged closure.

‘Unrestricted Navigation’

US Secretary of State Marco Rubio, wrapping up a tour of the Gulf to reassure nervous regional allies about the interim pact, told reporters on Thursday that if Iran threatened or blocked ships in the strait, “we’re going to have a problem.”

In a joint statement, Rubio and the Gulf Cooperation Council called for “free, unconditional, and unrestricted navigation” in the strait without tolls or “attempts to assert control.” They said a lasting peace must address Iran’s ballistic missiles, drones and support for proxy groups.

Iran’s foreign ministry responded on Friday by saying the US military presence in the Gulf was the source of regional insecurity and division, and that the strait should be governed by Iran and Oman in line with the terms of the interim deal.

“We warn against the continuation of hostile and interventionist policies in the region,” it said.

Tehran took effective control of the waterway after the US-Israeli strikes on Iran on February 28 that launched the war, disrupting oil flows and rattling global energy markets and the wider economy. Iran then fired at Israel and Gulf states that host US bases, and Iran-aligned Hezbollah militants fired on Israel from Lebanon, reigniting conflict there.

Ali Akbar Velayati, top adviser to Iran’s supreme leader, issued a warning to Washington’s Gulf allies.

“The stability of the Persian Gulf Arab states is indebted to Iran’s century-long management of the Strait of Hormuz… their strategic survival is at the mercy of Tehran’s tolerance,” Velayati said on X.

Taiwan’s Evergreen Marine 2603.TW said earlier on Friday its Singapore-flagged ship Ever Lovely had been hit close to Oman on Thursday by an “unknown object” while on a route recommended by the British navy agency UKMTO.

Nobody was hurt and the ship resumed its journey out of the strait.

Two US officials told Reuters Iran had fired on the ship. Iran’s Persian Gulf Strait Authority — established by Tehran to manage requests for ships to travel through the strait — said passage through unauthorized routes would be “the responsibility of the owner, operator, and vessel commander.”

The US government did not immediately comment. Trump warned this month that if Iran did not honor the interim deal, including reopening the strait, the US would probably go back to bombing the country.

South Korean President Lee Jae Myung said on Friday three South Korean ships would leave the strait over the weekend after the Oceans Ministry reported eight more South Korean vessels had exited.

Israel drops leaflets in southern Lebanon 

Disagreements also persist over other elements of the framework ceasefire deal, including over financial incentives for Iran, nuclear inspections and Israel’s parallel war in Lebanon.

The deal set up 60 days of talks to tackle thornier issues, including Iran’s nuclear program.

Israel dropped leaflets over the southern Lebanese town of Mansouri on Friday ordering residents to leave, Lebanese state media reported, the first such order since a ceasefire between Israel and Hezbollah took effect late on Saturday.

Israel has said it will keep troops in what it calls a “buffer zone” in southern Lebanon aimed at thwarting Hezbollah attacks on northern Israel. Iran wants Israel to fully withdraw and says the Lebanon ceasefire is an integral part of its interim agreement with the US that halted hostilities.

Israeli Defence Minister Israel Katz said on Friday that any Iranian attack on Israel would be Tehran’s “biggest mistake.”

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‘Do Kaftar” (“Two Doves”) is a sad love song that every Iranian child knows. Fun fact: if you look for it on YouTube, you will find the mournful ballad sung by men only. That is because women in Iran are forbidden to sing in public. The haunting words start (translated from Persian):

“Two doves, by sorrow torn apart, took flight, Two lovers, cruelly severed, lost to sight, One sought solace in flames, a fiery nest, The other soared beyond, to realms divinely blessed.”

The lyrics, penned by poet Qahar Asi, were released as a folk song by singer Farhad Darya in 1988. Asi was killed in 1994 in Kabul by a rocket during the Afghan Civil War.

Israeli drag queen Nona Chalant teamed with exiled Iranian singer Jeanette R. Yehudaiyan and music producer Sailo (Lidor Saadia), a renowned deejay, to create a techno dance version of the song that they call “a powerful call for peace, freedom, and the ultimate bridge between ancient culture and the modern world.”

“When I was 11 or 12 years old, a man I had seen around our neighborhood in Tehran knocked on our door,” recalled Yehudaiyan. “He told my mother that he was the director of the state radio’s children’s choir, and that he had heard me singing in the yard and thought I had a unique voice. He asked to have me join the children’s choir to sing on Iranian radio.”

Her father discouraged her from joining.

“From that moment on, I realized that a girl like me had no place there,” Yehudaiyan continued. “I was a curious girl, eager for knowledge, and wanting more. For years, I fought to immigrate to Israel. It was a struggle against circumstances, against social conventions, and also against my own family. 

“Finally, when I was 15, my father agreed to sign my release through the Youth Aliyah, on the condition that I be educated in a religious institution.

“The separation was difficult. I left behind not only a family, but also a language, landscapes, smells, and sounds. Perhaps that is why, when I arrived in Israel, I locked away inside myself everything that reminded me of the home I had left. I stopped speaking Persian, I stopped listening to Persian music, and I stopped singing.

“Only many years later did I realize that you cannot truly separate from your roots. The voice I had tried to silence waited patiently, and when it returned, it brought back with it not only the music, but also parts of myself that I had left behind,” she concluded.

Finding Her Voice

Yehudaiyan, who fled from Iran without her parents at age 15, said the message is very close to her heart. She was 30 when her parents were finally released from Iran and allowed to go to Israel.

“When I was a girl in Iran, I wasn’t just fighting for the right to sing,” Yehudaiyan explained. “I was fighting for the right to be who I am. That is why I feel there is a profound connection between that little girl who heard the door close in the face of the conductor who came to bring her to the choir, and the woman who believes today that every single person deserves a space where their voice can be heard.”

“When I watched the students and young people in Iran taking to the streets to make their voices heard, I felt a deep connection to them – not from a political standpoint, but from a recognition of the value of human freedom,” she added.

Nona Chalant, also known as Ronny Chokron, one of Israel’s leading and most established drag artists with a 15-year career on stage, performs on weekends and is a kindergarten teacher by day. He said Jeanette’s story and the song touched him deeply. 

“When Jeanette sings it in the traditional Persian genre of singing, it is about a captured couple of doves – forbidden love and freedom and love without boundaries,” he said. “I had a vision that this could fuel a revolution, the song being so part of the culture. 

“Add to that a Persian/Israeli woman singer, and me as a drag queen, with the message of no boundaries – it is the very resurrection of freedom. We know who we are and we know we are always changing. We take a familiar traditional and beautiful song to remind the listener that new times can still reflect tradition.”

Chokron said that Iran has a robust underground nightlife, and he thinks the song, with its rhythmic beat and Persian lyrics, female and drag queen collaboration will be a tremendous success – as well as a supportive boost to the Iranians who dare to dance.

“If I’m right, I think it will get to the underground nightlife there. In the underground scene, they can listen to women singing and they can dance. The intention is to encourage them that we know there is a world there – waiting to emerge, and this revolution is happening. We see you, and we support you,” he said.

Today in Iran, solo public singing by women is effectively illegal and heavily policed. Many Iranian women defy this through underground performances or online sharing, often at personal risk.

Female singer Hiwa Seyfizade was arrested mid-performance in Tehran in 2025, while others faced detention after viral videos (e.g., Zara Esmaili, Parastoo Ahmadi) and Instagram accounts of female singers are regularly shut down.

Music producer Lidor Saadia (Sailo) worked with the singers to put together a mesmerizing club track that seamlessly blends ancient cultural roots with a fresh, driving electronic sound. Sailo is known for creating much of the music in the club scene, working with stars like Dana International, Rita, Deborah Cox, and Sarit Hadad. Chokron started as a fan and was very excited about this, their first collaboration.

 “At the end of the day, there is something magical and unifying about nightlife,” explained Nona Chalant/Ronny Chokron. “The dance floor is a sanctuary where people let everything go and seek pure joy. At nightclubs, people come to free themselves. They want to be happy. Like in the kindergarten class – they come to play and have fun.”

The beat goes on…

As the song rolls out, the hope is that it goes viral and finds its way to the people who desperately need to hear the message.

“We just released the song for deejays without telling the story yet,” continued Chokron. “We reached out to deejays and influencers in Iran. We are hoping to get a video to them. We aren’t alone in our efforts. There are other people also who are working to free them. 

“Because I’m a nightlife person, I know the nightlife is there. We need the music to set them free – for the women who want to sing, or the gay clubber in the closet who is at a party, underground. This song will open something in their heart. Now is the time to spill out freedom and get rid of the ‘war, war, war’ mantra,” he said.

“When I hear Jeanette singing, I feel that the Iranian people are our soul cousins. This is our way in,” he added.

Fortunately, Yehudaiyan was able to reclaim her talent after her husband’s work took her to West Africa, where her connection to music rekindled, and she suddenly began to sing. 

“With tears streaming down my face relentlessly, I felt that a deep part of me had been waiting all those years to return home,” she explained. “When I returned to Israel, I already had a profession, academic degrees, and a job at Hadassah Ein Kerem, but I knew I had to give this voice a place too. I decided that I wanted to sing.”

This song, she said, has special meaning to her.

“To me,” she explained, “‘We Were a Pair of Doves’ (“Zug Yonim Hayinu”) is much more than a love song. It is a song about captivity, loss, and longing, but also about the inner freedom of the spirit. One can hear in it the story of two lovers who were separated, but it can also be seen as a metaphor for exile, displacement, and the yearning for a lost home. Perhaps that is why the song continues to move people even today.”

“When I recorded it, I thought of everyone who has ever been forced to part from a place, a person, or a life they once knew. For me, it is a song that reminds us that even after separation and heartbreak, the memory, the love, and the inner voice continue to live on inside us,” she said.

“Today, I no longer have any family members or acquaintances left in Iran. However, despite the distance and time, Iran continues to live within me through the language, the memories, the culture, and above all, through the music,” she concluded. ■

To hear the song: open.spotify.com/track/6gRAtghF7mCikgbbTLLwvE?si=MeSAXe5VRKOWe-Is5-nrOA&nd=1&dlsi=88e39b8dca404f20

74 lashes for ‘offending public decency

There will be no golden buzzer for Parastoo Ahmadi, an Iranian singer, composer, artist, and filmmaker, known for her folk and traditional Persian music, who built a following on social media by sharing songs about cultural heritage and personal expression. 

Instead, per an announcement on Instagram by a videographer familiar with the case, on June 18, 2026, Ahmadi and seven to eight members of her production team were sentenced by a criminal court in Qom province to 74 lashes each. They also received two-year bans on leaving Iran and on performing artistic activities.

IRANIAN SINGER Parastoo Ahmadi will be severely  punished for performing without a hijab in an online concert.  (credit: Wikimedia Commons)

“This is exactly why we created (the song) ‘Freedom,’” explained Sailo (Lidor Saadia), producer of the recently released song that he hopes will inspire Iranian underground fans. “No artist should be punished for singing, expressing themselves, or simply being who they are. The track was born out of solidarity with those fighting for freedom and human dignity, and unfortunately its message is as relevant today as ever.”

“A society is measured by its ability to preserve human dignity even when it disagrees with a person’s actions or beliefs,” said singer Jeanette Yehudaiyan. “Music is meant to give voice, hope, and connection between people, not to become a reason for humiliation or violence. I feel deep sorrow whenever artists, or any human beings, are subjected to punishments that may harm their bodies, dignity, or freedom.”

Ahmadi is charged with “offending public decency” for singing and for her appearance at historic Deir-e Gachin Caravanserai – an empty music venue where she filmed a music video, wearing a sleeveless dress and no hijab. She is also charged with publishing “vulgar and immoral content” online.

The video immediately went viral, garnering millions of views. But it also apparently caught the attention of the “politeness police,” known as the Prosecutor’s Office for Moral Security, a specialized Iranian security branch dealing with “morality” and public decency cases.

Ronny Chokron added, “It is deeply distressing and infuriating that in the year 2026, women are still being punished for their fundamental freedom of expression. This relentless pursuit in the name of religious authoritarianism causes us to lose sight of the most vital human values: freedom, mutual respect, and empathy.”

“Our creation is simply a reminder to echo peace.” – J.S.

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Apple on Thursday announced that it raised prices on its iPad and MacBook devices because of rising memory and chip costs amid the rapid buildout of the AI industry.

The tech giant excluded its primary cash cow, the iPhone, from the price hikes but will raise prices on the other devices as Apple said it couldn’t afford to continue insulating consumers from the mounting cost of memory and storage chips.

“We have never seen a component price increase this much, this quickly,” Apple said in a statement. “We have shielded our customers from these increases so far, but we have now reached a point where we need to begin raising prices on a number of products, including today’s increases for the iPad and Mac.”

The price hikes show that even the world’s most valuable consumer electronics company and its strong supply chain relationships are not immune to the surge in prices for memory chips that has dampened the outlook for smartphone and PC sales.

APPLE TO WORK WITH INTEL ON US CHIP DESIGN AND PRODUCTION, TRUMP SAYS

Memory chipmakers such as Micron have moved to prioritize orders from AI chipmakers like Nvidia in recent months, which has helped them earn record profits but has constrained supplies available for the makers of electronic devices and prompted them to raise prices.

Apple’s Neo, the company’s lowest priced laptop that aims to compete with affordable versions of Windows and Chromebook laptops, is one of the products that will be subject to the price hikes and will go from $599 to $699 months after launch.

The company also raised the price of the MacBook Air with 512 gigabytes of storage from $1,099 to $1,299; while the MacBook Pro with 1 terabyte of storage price rose from $1,699 to $1,999; and the price of the iPad Air with 128 gigabytes of storage rose from $599 to $749.

APPLE CHIEF TIM COOK SAYS IT WAS THE ‘RIGHT TIME’ TO STEP DOWN AS CEO

Apple also hiked prices for both versions of its HomePod smart speaker and Apple TV set-top box.

The announcement comes after Apple CEO Tim Cook told The Wall Street Journal in an interview earlier this month that “price increases are unavoidable.”

“We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable,” Cook said in the interview.

APPLE CEO SAYS PRICE HIKES ARE ‘UNAVOIDABLE’ AS RISING CHIP COSTS SQUEEZE TECH GIANT: REPORT

Cook also said on a late April conference call with analysts that, “Where we don’t give color beyond June, I can tell you that beyond the June quarter, we believe memory costs will drive an increasing impact on our business.”

Rival device makers may be forced to raise prices even more sharply than Apple, whose deep supplier ties have cushioned it from the full hit, several analysts said.

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“The memory environment is tough and remains structurally tough for the foreseeable future,” said Ben Bajarin, CEO of technology consulting firm Creative Strategies.

Reuters contributed to this report.

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SpaceX plans to begin construction next month on an eight-mile natural gas pipeline called Starpipe to feed its South Texas launch complex, according to a filing made last month with the Texas Railroad Commission by SpaceX affiliate Lone Star Mineral Development and reviewed by Reuters, as Elon Musk’s company moves to dramatically increase the pace of its next-generation Starship rocket. The pipeline, which will end at the company town of Starbase, is expected to be in service by January 26, 2027.

The reason for the project comes down to logistics. Starship, designed to be fully reusable, burns about 630,000 gallons of liquid methane per launch, currently delivered by hundreds of tanker trucks in an hours-long process that Musk’s expansion plans have rendered impractical. Starship has completed 12 test launches since 2023, but Musk aims to ramp up to dozens, then hundreds, and eventually thousands of launches a year. Trucking fuel one tanker at a time cannot support that cadence.

The pipeline is only one piece of a larger fuel operation taking shape at Starbase. Engineering plans SpaceX filed with the U.S. Army Corps of Engineers show the company also wants to build a liquefaction facility at Starbase to process the piped natural gas into the liquid methane Starship uses. Starpipe would begin on an 83-acre site at the Port of Brownsville that SpaceX is negotiating to lease from the city for 50 years.

The scale of the infrastructure hints at ambitions well beyond current limits. The pipeline’s 16-inch diameter suggests fuel demand exceeding what Starship would require for the 25 launches a year currently approved by the Federal Aviation Administration. In other words, SpaceX is building capacity for a launch rate it is not yet cleared to fly, a sign of how aggressively the company is laying groundwork for the future.

For a space company to build its own gas pipeline is unusual, and it reflects a strategy SpaceX has used to outpace rivals: control as much of the supply chain as possible. SpaceX has spent years exploring its own drilling operations near Starbase and across Texas, and land records show it has signed more than 100 paid-up oil and gas leases with Texas property owners since 2023. SpaceX President Gwynne Shotwell told CNBC on June 12, the day the company went public, that SpaceX planned to build pipelines and process its own propellant, and was looking into drilling its own natural gas.

That vertical-integration approach is capital-intensive but has been central to the company’s edge. SpaceX’s move into gas infrastructure, normally the domain of energy and pipeline firms, underscores its longstanding strategy of controlling its supply chain, an approach that has helped it outrun competitors in rocket and spacecraft development. The same playbook that brought rocket manufacturing in-house is now being extended to the fuel itself.

There are practical hurdles and open questions. A consultant noted that gas extraction would be challenging for a company without oil and gas experience, and SpaceX may lean on existing infrastructure rather than go it alone. SpaceX could tap into Enbridge’s Valley Crossing Pipeline expansion, which would run close to Starpipe’s start point, though Enbridge did not immediately respond to a request for comment. SpaceX also did not respond to a request for comment.

The business stakes reach far beyond a single fuel line. Starship is central to SpaceX’s plans to expand its Starlink broadband network, deploy orbital AI data-center satellites, and carry astronauts to the Moon and Mars. Every one of those revenue ambitions depends on flying Starship far more often than it does today, and a faster flight rate depends on a reliable, high-volume fuel supply. Starpipe is the unglamorous link that makes the rest of the plan possible.

For the broader economy, the project is a window into how the newly public SpaceX intends to spend and build. The company went public in a historic June 2026 initial public offering, and Starpipe shows it pouring capital into the kind of heavy industrial infrastructure that turns a launch business into something closer to an integrated energy-and-aerospace operation. If the pipeline performs as designed, it would cut a major bottleneck at Starbase and move Musk’s vision of routine, high-frequency spaceflight a step closer to reality.

JBizNews Desk
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The modern battlefield offers a lesson in real estate vertical integration. Look around. Rocket bought Redfin. Compass combined with Anywhere to become the country’s largest brokerage, north of 340,000 agents. Zillow is fighting over listing access. Homes.com is still buying its way to portal relevance. NAR and the MLSs are defending mandatory cooperation rules. And Bed Bath & Beyond bought Fathom, a brokerage most dismissed before finishing the headline.

On the surface these look like separate strategies. But, it’s just one strategy: Control more of the housing value chain before someone else does.

AI is about to change the battlefield

Picture the stack between a consumer and a home: discovery, engagement, the MLS that pools listings, financing, the brokerage, and the agent who does the work. Almost every move is a company grabbing the layer it owns and pushing into the others. Rocket entered at financing. Zillow owns discovery and engagement. Compass is scaling the brokerage and privatizing listings. Bed Bath & Beyond is starting from the customer and working back.

That was rational in the old world. When attention was expensive and the only way to get real answers was to call an agent and become a lead, owning more layers meant capturing the customer and protecting margin.

But AI is about to change the battlefield, and most are not prepared.

The real estate singularity is not the moment AI replaces agents. That is the lazy version. The singularity is the moment buyers and sellers can reach exactly the expertise they want, exactly when they want it, with almost no friction.

That is not transacting alone. Nobody wants a chatbot hallucinating its way through a disclosure, a title defect nor a negotiation. Judgment, local knowledge and accountability still matter. What changes is how many layers a consumer tolerates before reaching the person they need.

The future is not agentless.

AI will compress the agent population, expose weak agents and pull down margins. But information is not judgment. A buyer still needs someone who knows the neighborhood, the HOA problem and which scary-sounding inspection item is harmless and which harmless-sounding one kills the deal. That layer is not going away.

The problem: much of the industry built its economics on standing between consumers and that expertise.

Customer acquisition cost (CAC) is the hidden mechanism in real estate, not a line item. Portal and referral fees that can reach 40% are CAC. So are franchise fees, brand fees, and parts of many broker splits. The professional with the local expertise often rents back access to the consumer who wanted it in the first place.

That is the toll tower.

Not all CAC is a toll. Paying to reach a customer you would never have found is fair. Paying 40% to a layer that takes no risk and does no work is rent. AI dissolves the second kind, not the first, because a consumer’s new front door has no reason to route them through a tollbooth.

Engagement was always the real moat

Zillow did not win because consumers loved listing data. It won because they came back to look, compare and wonder what their home was worth. The Zestimate was never just a valuation. It was an engagement engine. Consumers came for an answer, the platform captured the relationship, and the industry paid to reach them later.

That is why the current AI conversation feels too small. AI search, scheduling, listing copy, CRM assistants. But most of it is heavier armor on the same tank. None of it asks the real question: how long does any of this stay yours?

The deeper pain was never search or scheduling. Buyers can see every home in their market. What they can’t see is what it means. What is this worth? Is it overpriced or just misunderstood? Explanation was always the scarce thing and that is the seam AI can exploit.

Its most important use may be assembling local expertise at a cost once impossible. Today’s defenses then look less permanent than they appear.

Portals are exposed if market understanding becomes portable, as the front door drifts to Google and general-purpose AI. Brokerages are exposed if supervision and compliance get cheaper and automated. MLSs are exposed if enough inventory moves pre-market, until the pre-market is the market. Mortgage and title are exposed if AI makes loan discovery a true shopping exercise.

None of this means vertical integration is wrong. Rocket may be the most interesting case because it connects nearly every layer, subsidizing one because it monetizes another. An incumbent with captive engagement can sacrifice any layer to defend the audience.

Owning layers is not the mistake. Believing they stay defensible because they once were expensive is the mistake. The test: A bundled layer is convenience if it survives being unbundled and price-shopped, a toll road if it survives only on lock-in.

The broker layer shows the strain. Brokers exist for real reasons: supervision, compliance, risk, and legal accountability. Those matter, and one fact does not change: under current law, AI cannot hold a license or carry the liability. Someone must. But that legal shell can be thin. Most of what justifies a heavy split is oversight labor: document review, disclosure checks, monitoring, exactly what AI makes cheaper and more consistent.

Much of the role rests on a mandate, not a market. If the law did not require a broker, some agents would still want one for genuine services. Many would not. The liability does not disappear. But it stops justifying 10 to 40 percent of a commission.

This may explain Compass’s urgency. If the brokerage layer is exposed, scale, inventory, and retention all become armor. But armor is not strategy when the threat has changed.

Consolidation deserves more attention

Bed Bath & Beyond buying Fathom deserves more attention. The roughly $53 million deal is easy to dismiss until you see where it starts: engagement, not the transaction. A home retailer with a large customer base can spot the signals that precede a move, creating listings at low incremental CAC. Homeowners stay put 11 to 12 years; a move triggers furniture, renovation, and years of spending. The transaction is not the end of the relationship. It is the start of the homeownership wallet. Even if it does not reshape the industry, the instinct is worth studying.

The future of real estate is not agentless, brokerless or MLS-less. It is thinner. The layers that survive will create trust, reduce risk, or improve outcomes. The layers that compress will mostly monetize friction.

That is the real singularity. Not the disappearance of the agent, but of everything standing between the consumer and the agent for no good reason. AI does not eliminate the need for expertise. It eliminates the excuse for making expertise hard to reach.

The winner will not be whoever owns every layer under one roof. It will be whoever delivers the right expertise, from the right person, at the right moment, with the least friction and enough trust to act.

The industry is buying bigger tanks. AI is about to change the war.

Dean DiCarlo is the CEO of Homing.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.To contact the editor responsible for this piece: tracey@hwmedia.com.

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With its graceful bay windows overlooking a residential block, the Queen Anne-style brownstone at 82 Chauncey Street has the kind of unique facade that makes the Bed-Stuy neighborhood such a historic gem. The 1889 home, designed by noted architect Amzi Hill, offers lots of flexibility despite having only three floors. Asking $2,295,000, the 2,583-square-foot two-family townhouse has both historic detail and modern upgrades, with the opportunity for rental income or an extra helping of living space.

The home’s current layout offers an owner’s duplex over a private garden-level apartment. Both units have been renovated while preserving architectural elements that include slate fireplace mantels, hardwood flooring, plaster moldings, ceiling medallions, and original wood shutters.

Up a classic stoop, the parlor floor is anchored by a wood-burning fireplace in the rear living space. A light-filled, renovated kitchen offers modern functionality and timeless style in the form of Carrara marble countertops and backsplash, custom wood cabinetry, and capable appliances. The front parlor, currently used as a bedroom, would make a perfect lounge or library.

Upstairs are three bedrooms and a full bathroom. The primary suite is accented by decorative slate mantels and French doors, with an adjacent dressing room. All bedrooms feature details like wood shutters and plaster moldings. The skylit bath is done in a crisp black-and-white-tiled vintage style. A dedicated laundry room serves this floor as well.

Move-in ready for rental income or a conversion that would combine all three floors, the garden-level flat has its own period charm in the form of decorative hearths, wainscoting, and original wood flooring.

A renovated kitchen and bath serve two bedrooms, and the apartment offers access to the landscaped private rear garden. There are washer/dryer hookups for laundry capability on this floor as well.

[Listing details: 82 Chauncey Street at CityRealty]

[At Compass by Tali Berzak]

RELATED: 

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A coordinated campaign

Mike Huckabee flew to Washington to take part in very sensitive negotiations concerning Lebanon. He arrived to find that The Daily Caller, founded by Tucker Carlson, had published an article entitled “Foreign Policy Experts Diagnose Mike Huckabee with a Bad Case of Localitis,” calling for him to be fired.

It’s not the first time they’ve gone on a campaign like this. These alleged foreign policy experts are Tucker “Amalek” Carlson’s lapdogs, doing his bidding. You can connect them to organizations attacking Israel, like the Quincy Institute, an Israel-hating think tank.

Why are they attacking him? Because Huckabee refuses to become another diplomat who sees Israel as the problem. He believes America’s alliance with Israel is rooted in both strategic interests and biblical truth. That conviction makes him dangerous to those who want Washington to pressure Jerusalem rather than stand beside it.

The fake news machine

As an award-winning Middle East investigative journalist for 50 years, I truly believe Donald Trump is right when he uses the term “fake news.” The campaign against Huckabee is a textbook example of how fake news operates. Repeat a false narrative often enough and hope it becomes accepted as fact. Mike Huckabee is the furthest thing from Israel’s lapdog. He comes out very strongly defending Christians and Muslims in Israel whenever he sees discrimination.

Yes, Tucker Carlson hates Huckabee, but he also hates Trump. He’d love for Huckabee to be fired, just as he’d love to see President Trump brought down if he could.

What Is Huckabee’s crime?

What is Huckabee guilty of? Moral clarity? Being a Bible believer? Representing the values of the vast majority of Americans, who are, in fact, believers? Staying calm and using humor? Telling the truth? Or perhaps it’s simply that he’s likable.

President Isaac Herzog likes him. Prime Minister Benjamin Netanyahu, likes him. And, by the way, Trump has come out very strongly against both of them at different times. What a terrible thing it must be to have an ambassador who doesn’t lie, isn’t hateful, and treats everyone with respect.

These godless soul killers cannot tolerate a kind gentleman who loves Trump, is uncompromisingly loyal to him, and is building bridges for him in Israel.

America does not need an ambassador who apologizes for Israel. It needs an ambassador who understands Israel, earns the trust of its leaders, and can honestly communicate President Trump’s policies. That is exactly what Mike Huckabee has done.

The ambassador President Trump needs

When Trump strongly criticized Herzog over not pardoning Netanyahu, Herzog never spoke a single word against Trump. Instead, he repeatedly praised him. You can thank  Huckabee for that.

Trump has also criticized Netanyahu, yet Netanyahu has never responded with an unkind word toward the president. Just the opposite. You can thank Huckabee for that as well.

What a terrible thing it must be to have an ambassador who wants to make friends in Zion and who is a friend of Zion. Indeed, that is a terrible thing for those who hate Zionists.

The real meaning of “localitis”

To accuse Huckabee of having a bad case of “localitis” is delusional. I have seen firsthand how previous American ambassadors operated in Jerusalem.

I sat in the David Citadel business lounge on two different occasions and overheard leftist US ambassadors to Israel meeting with leftists and lobbying over how to overthrow Netanyahu. So, if Huckabee is accused of having moral clarity and refusing to do such evil, then he is indeed guilty.

You would think The Daily Caller was an Iranian arm, and, in effect, it is. Terrorists kill the body. Trump haters attempt to kill the soul. Smear campaigns are nothing new. They are the preferred weapon of those who fear moral clarity.

But throughout history, men of conviction have always paid a price for standing on the side of truth. Huckabee is no exception.

The price of moral clarity

Donald Trump was chosen by God. Even his enemies became aware of that in Butler, Pennsylvania, when God saved his life.

Mike Huckabee has also been chosen by God.

Carlson’s campaign is about far more than one ambassador. It is an attack on the kind of leadership President Trump chose to represent America in Israel.

It appears that the price of admission for having moral clarity and honoring Trump is to endure unspeakable evil and betrayal. But the astonishing thing about Huckabee is this: when he experiences such attacks, he never plays the victim.

May God richly bless Mike Huckabee, because America needs more men willing to stand for truth when the cost is high.

The writer has written 120 books and is a #1 New York Times bestselling author and Nobel Peace Prize nominee. He is the founder of the Friends of Zion Museum in Jerusalem, the Ten Boom Museum in Holland, and Churches United with Israel, one of the largest Christian Zionist networks in America.

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Official sources from both Russia and Ukraine have confirmed a prisoner exchange that took place on Friday, involving 160 prisoners of war from each side. 

Russian state news agencies reported the exchange, citing the Russian Ministry of Defense.

Ukrainian President Volodymyr Zelensky also confirmed the prison swap. 

The Ukrainian POWs have been held since 2022, Zelensky added in a statement on the Telegram.

This is a developing story.

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An aircraft about the size of a car crashed into Beijing’s tallest building, CITIC Tower, on Friday, two bystanders told Reuters, as police closed off roads around the skyscraper and stopped passersby from filming the scene.

The building, known as CITIC Tower or China Zun, is a 108-story skyscraper in Beijing’s central business district. It is the headquarters of the state-owned conglomerate CITIC Group.

There was a heavy police presence at the site, with some approach roads closed to cars. Police prevented some people from taking pictures and asked others to delete those they had taken while ushering people away from the building.

Two glass panels on a high floor were damaged. There was no immediate official comment. Beijing’s municipal government did not immediately respond to a faxed request for comment from Reuters outside of business hours.

Witnesses heard a loud crash

A courier whom Reuters spoke to near the building said he had rushed over to CITIC Tower around 6 p.m. local time (1000 GMT) from a nearby location after hearing a loud crash as a aircraft about the size of a car hit the building.

“It was so loud – louder than fireworks,” he said.

He said he had shot a video of the aircraft sticking out of the building, but later deleted it because he was scared of getting caught by police.

Another courier whom Reuters spoke to said he had come to the scene after seeing unverified social media images showing wreckage of a small aircraft on a road next to the building.

Social media posts of the building on Friday were quickly removed from Chinese social media. A search of the building’s name on the Xiaohongshu app returned only posts dated Thursday.

Dozens of police cars and several fire trucks lined the roads around the building.

A police officer told Reuters journalists to depart from the scene. Asked why they had to leave, the police officer said: “We all know why!”

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Israeli-American basketball star Emanuel Sharp, son of Maccabi Tel-Aviv basketball legend Derrick Sharp, was drafted to the NBA on Thursday with the 45th pick by the Sacramento Kings. 

Emanuel was born and raised in Israel until age nine, when he moved back to the United States. 

While Emanuel’s father, Derrick, is well-known for his legendary career, his mother, Justine Ellison Sharp, was also a standout lesser-known hooper in Canada. Justine played basketball for the University of Toronto and led the team to two national silver medals and was named the women’s university athlete of the year in her senior season (1995–96).

In 2019, Emanuel suited up for Israel’s U16 basketball team for the FIBA U16 European championship at the age of 15, where he would average 25 points per game. 

Overcoming the adversity of a devastating leg injury late in his high school career, Emanuel would move on to the elite Division I college level and play for the University of Houston Cougars. As a senior, he averaged 15.5 points, 3.0 rebounds, 1.7 assists, and 1.2 steals per game, according to NBA.com. 

Sharp’s accoladdes include school record for career three-pointers and 2025-26 All-Big 12 First Team

Sharp’s decorated career at Houston includes 2025-26 All-Big 12 First Team and All-Defensive Team selection as a senior, setting the school record for career three-pointers (309), and as a junior was named Most Outstanding Player of the Big 12 Tournament and NCAA Midwest Regional (2005). 

Emanuel’s most impressive performance was as a junior in the 2025 final four game against the Duke University Blue Devils. Finishing the game with 16 points, on 3-of-7 shooting from 3-point range, Emanuel was instrumental in the Cougars ‘ late-game comeback, scoring nine of his points in the final minutes, which put the Cougars in the NCAA national championship game. 

Standing 6’-3” inches tall, NBA Draft analysis says Sharp is considered a high-IQ player with a solid three-point shot, great off-the-ball skills, takes care of the basketball with limited turnovers, and is a great defender. Sharp is projected to be a “3-and-D” guard who spaces the floor, competes on the defensive end, and makes winning plays within the flow of an offense.” Scouts compare his game to the likes of Tim Hardaway Jr., someone who can carve out early minutes with his command of the game, toughness, and effort to grow into a reliable player on the floor. 

The Kings drafted Omri Casspi, 23rd overall in the 2009 NBA Draft, making him the first Israeli to be selected in the first round. 

There are currently four Israeli players playing in the NBA: All-Star Deni Avdija, Ben Saraf, Danny Wolf, and now, Emanuel Sharp. 

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The Mortgage Industry Standards Maintenance Organization (MISMO) has published standardized data mappings for two core U.S. Department of Veterans Affairs (VA) loan eligibility forms — a move aimed at reducing manual work and speeding up VA underwriting.

The real estate finance standards organization on Thursday said it released specifications for the VA Request for Certificate of Eligibility (VA Form 26-1880) and the Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses (VA Form 26-1817). The work was completed in close collaboration with the VA’s Loan Guaranty program.

The mappings translate the paper forms into machine-readable data that can be exchanged consistently across the VA, lenders, loan origination systems (LOS) and document providers. They cover fields such as prior VA loan usage, entitlement purpose and military service details, according to the MISMO announcement.

Today, many VA lenders still rely on document-driven workflows to validate eligibility, which can require rekeying, manual interpretation of service records, and back-and-forth communication with the VA. Standardized data models are intended to support end-to-end digital origination and automated rules engines for VA products.

“These new data mappings represent a significant step forward in the VA’s Loan Guaranty digital transformation,” MISMO President Brian Vieaux said in the announcement. “By working closely with the U.S. Department of Veterans Affairs and our industry partners, MISMO is helping to provide more consistent outcomes for the veterans and surviving spouses these programs are designed to serve.”

The mappings were developed by the MISMO VA Documents to Data Development Workgroup in partnership with the VA. The group is co-chaired by Jose Ferrer and Nick Fisseler of the Department of Veterans Affairs.

The specifications have reached MISMO’s “Candidate Recommendation” status, signaling broad industry review and that the standard is ready for implementation in production systems.

For VA lenders, investors and mortgage technology vendors, the new mappings provide a common data language for two of the most important eligibility documents in the channel. They can support:

  • Faster certificate of eligibility (COE) validation by reducing manual data entry and document reviews
  • More consistent eligibility decisions across lenders, servicers and investors
  • Integration of VA eligibility checks into LOS, product and pricing engines (PPEs), automated underwriting systems (AUS) and compliance workflows

MISMO is encouraging lenders that originate VA loans and their technology partners to download the specifications and coordinate with trading partners on implementation. Early adoption could help VA lenders shrink turn times, lower defect risk and prepare for future VA and Ginnie Mae digital initiatives.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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AmeriCraft Homes, a new for-sale builder backed by veteran developer Art Falcone, has launched a multi-state platform to deliver “attainable luxury” communities in Florida and the Carolinas, with a hospitality-style customer experience.

The Boca Raton-based company, announced June 24, positions itself at the overlap of semi-custom and production building. The model leans into curated design packages, service-heavy buyer journeys and resort-inspired community programming rather than full custom construction.

For builders, the launch is another data point in a growing shift: higher-income buyers are less focused on square footage and more focused on design, walkable amenities and frictionless service — and are increasingly willing to pay for those attributes even in production neighborhoods.

Platform details: multi-state, semi-custom, service-heavy

AmeriCraft will initially focus on Florida, North Carolina and South Carolina, according to the company announcement, with “communities in active development” across the Southeast. Sites have not yet been publicly detailed, but the emphasis is on master-planned or master-planned-adjacent locations where the builder can control more of the customer experience.

The product is targeted squarely at the luxury segment, but the company is framing it as “attainable luxury” – design-forward homes that remain within reach of upper-middle-income buyers rather than the ultra-luxury custom market. That balancing act has become more important as higher mortgage rates and construction inflation squeeze even affluent buyers.

Homes are planned with:

  • Light-filled, multi-generational layouts to appeal to move-up, extended family and work-from-home buyers
  • Designer-curated finish packages rather than fully bespoke selections, to keep cycle times and costs in check
  • AI-enabled smart-home systems baked into base specifications, not just as add-ons

On the community side, the concept leans heavily on hospitality cues: walkable neighborhoods, wellness- and social-focused gathering spaces, and lifestyle programming meant to create more “experiential” communities. The stated intent is to build neighborhoods that feel more like resort environments than conventional subdivisions.

Leadership bench: Falcone resumes and big-builder DNA

AmeriCraft is led by founder and principal Art Falcone, who has more than 40 years in residential and master-planned community development in the Southeast. Falcone previously built Transeastern Properties into one of the region’s largest homebuilders before selling that platform.

Falcone said AmeriCraft was created on the premise that residential communities should be “designed and managed with the same care, emotion and intention as the world’s finest resort destinations,” and that the company intends to apply decades of master-planned community experience to for-sale neighborhoods.

President Mark Bines oversees overall strategy, operations and execution of the platform. Bines comes out of Kolter Homes, where he most recently served as division president, bringing big-builder process and controls to the new operation. His remit covers land acquisition, community design, construction operations and customer care.

Vice President of Sales and Marketing Jeremy Needelman, previously with PulteGroup, will lead brand positioning, consumer acquisition and the end-to-end buyer journey. His brief is to align every buyer touchpoint with the hospitality-driven model the company is promoting.

Additional leadership comes from the next generation of the Falcone family – Nicholas, Daniel and Matthew Falcone – who bring hotel and resort experience to the company’s branded hospitality and amenity programming.

Why this matters for builders

The AmeriCraft launch reflects several trends reshaping the high end of the for-sale market:

  • Hospitality as a design brief. AmeriCraft is another example of hospitality concepts crossing into housing: concierge-style service, curated amenities, flexible indoor-outdoor spaces and intentional social programming. Builders competing in move-up and luxury segments are increasingly being measured not just on product and price, but on the “stay” experience of living in their communities.
  • Experience over pure customization. Rather than promising full custom design, AmeriCraft is packaging a semi-custom, designer-led experience inside a more disciplined production framework. That approach aims to protect margin and cycle times while still differentiating from standard production builders.
  • Multi-generational and wellness demand. The emphasis on multi-gen plans, wellness spaces and walkable layouts aligns with post-pandemic demand profiles. Builders competing in the Southeast — particularly in Florida and the Carolinas — are seeing continued inflows of older, affluent buyers and multi-generational households that prioritize flexibility and amenity-rich environments.
  • Tech as a baseline expectation. AI-enabled smart-home systems are described as standard, not an upgrade. For other builders, the question is less whether to offer smart-home technology and more how to integrate it seamlessly into the construction, sales and warranty process without ballooning complexity.

For operators in the same markets, AmeriCraft’s promise of a “hospitality-driven” buyer journey — from initial inquiry through post-closing care — raises the service bar. The company is explicitly marketing transparency and personal attention as differentiators at a time when online reviews and social media can amplify any gap between expectations and experience.

What to watch

Several execution questions will determine whether AmeriCraft’s model scales:

  • Land and lot strategy in a tight market. With Florida and the Carolinas among the most competitive land markets in the country, AmeriCraft’s ability to control premium locations without overpaying will be critical to keeping “attainable luxury” truly attainable.
  • Maintaining hospitality-level service at volume. High-touch service is straightforward at low volumes and early phases of a community, but it becomes more difficult as closings ramp up. Builders watching this launch will want to see how AmeriCraft operationalizes its service promises in scheduling, communication, design studio operations and warranty response times.
  • Cost structure of curated design. Designer-curated finishes can simplify buyer choices and reduce change orders, but they require tight coordination with trades and suppliers to avoid cost creep. The company’s ability to standardize behind the scenes while presenting a “bespoke” front of house will be a key margin lever.

AmeriCraft is entering the market at a time when many builders are recalibrating their own value propositions around lifestyle, amenities and customer journey. The company’s success or struggle with its hospitality playbook will offer useful lessons for peers weighing similar moves in the luxury and move-up segments.

About AmeriCraft Homes

AmeriCraft Homes is a Boca Raton-based homebuilder focused on design-forward, luxury homes in premier locations in the Southeastern United States. Its principals have more than 40 years of experience and prior platforms that scaled into some of the region’s largest homebuilding operations. The company’s current land holdings are in Florida, North Carolina and South Carolina.

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The American Real Estate Association (ARA) has added REMAX president and chief growth officer Chris Lim and investor Andrew Dodge to its board of directors, expanding its leadership, according to an announcement on Thursday. 

As part of the move, ARA will provide all REMAX agents in the United States with a complimentary first-year membership, according to the association’s announcement.

The appointments signal a strategic next phase for the relatively new trade group, which was founded by Compass broker Jason Haber and founder of The Agency Mauricio Umansky to represent real estate agents in January 2024

“The stakes right now for the American public and the real estate industry are enormous,” Haber and Umansky said in a joint statement. “By bringing Chris’s deep industry acumen and Andrew’s vital outside business perspective to the table, we are building a diversified board that can strategically guide our industry forward and fiercely support the nearly two million full-time agents working hard every single day.”

Lim brings franchise scale, education focus

The association said Lim brings decades of brand-building and brokerage experience to the ARA board at a time when large networks are re-evaluating agent value propositions and training in response to rising consumer expectations and regulatory pressure.

“Real estate is an industry for true professionals who are relentlessly dedicated to servicing their clients,” Lim said. “The ARA’s commitment to creating the best-informed and best-trained agents in the country is exactly what the market demands right now.”

Lim said he aims to help shape an educational framework that positions ARA members as “indispensable, highly skilled advisors” to consumers.

Dodge adds outside capital markets perspective

Dodge, described by the association as a seasoned businessman and investor, joins as an independent voice intended to broaden the board’s perspective beyond brokerage and franchise operations.=

“When the founding partners invited me to join, I saw an opportunity to bring a true outsider’s perspective to a passion I’ve held my entire life,” Dodge said. “Real estate is the ultimate cornerstone of this country — it is the greatest asset most Americans will ever work for.”

Dodge framed the ARA’s role as an “apolitical” voice amid heightened political rhetoric around housing and affordability, positioning the association as a trusted source of information for consumers navigating homeownership decisions.

Building a coalition of luxury, independent and franchise players

The board expansion comes as ARA has been assembling a coalition that spans luxury independents, regional firms and now a major global franchise brand.

Douglas Elliman, which has more than 6,600 agents, recently aligned with the association, integrating its agents into ARA’s membership. Douglas Elliman president and CEO Michael Liebowitz and general counsel Deva Roberts both serve on the ARA board, as does Briggs Elwell, CEO and co-founder of real estate technology firm RLTYco.

“The rapid convergence of luxury networks and global giants under the ARA umbrella proves the industry was starving for modern, agent-first leadership,” Elwell said. “By giving professionals the tools and advocacy they actually need, we are fundamentally changing the trajectory of American real estate.”

The association also absorbed the New York Residential Agent Continuum (NYRAC) as its foundational local chapter in January 2025. NYRAC represents many of New York City’s top-producing residential agents, giving ARA an operational foothold in one of the country’s most competitive and high-cost markets.

ARA launched its membership program in August 2024, with two tiers — a yearly membership for $20 and a 10-year founding membership for $1,500.

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

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The Rent Guidelines Board on Thursday voted to approve a rent freeze for one- and two-year leases for New York City’s one million stabilized apartments, the first time the panel has ever backed 0 percent increases on multiple-year leases. The new guidelines, which will apply to leases that begin on or after October 1, 2026, and September 30, 2027, fulfill a key campaign promise from Mayor Zohran Mamdani just six months into his first term.

“This is a historic victory for NYC tenants,” Mamdani said. “After reviewing the data and hearing from New Yorkers across the city, the independent RGB has delivered a freeze on one-year leases, and the first-ever freeze on two- year leases in our city’s history. This is the relief that working people across our city deserve.”

The freeze applies to apartments in buildings with six or more units built before 1974, as well as units in new luxury buildings that receive certain tax breaks or government subsidies.

The rent freeze was not always guaranteed. In December, with two weeks left in office, former Mayor Eric Adams appointed and reappointed four members to the RGB in an effort to block then-Mayor-elect Mamdani’s rent-freeze proposal, giving Adams’ allies a majority on the board.

However, after three RGB members resigned earlier this year, Mamdani appointed six new members to the nine-member board in February, increasing the likelihood of a rent freeze.

The board includes two members representing tenants, two representing owners, and five representing the general public. Each year, it bases rent adjustments on several metrics reflecting current economic conditions for both landlords and tenants, as 6sqft previously reported.

In May, that likelihood increased further when the RGB, in a preliminary vote, backed rent adjustments that included no increases on some leases. It approved adjustments ranging from 0 to 2 percent for one-year leases and 0 to 4 percent for two-year leases.

On Thursday morning, just hours before the vote, Christina Smyth, one of the board’s owner-representing members, resigned, alleging that the RGB had stopped being a “fact-finding body” and instead “started with an answer” and worked backward to justify it. She also noted that most of the board’s members had been appointed by Mamdani.

Smyth said questions she raised about methodology, rising costs, and falling net income “went unanswered.”

Her resignation also raised the possibility of a legal challenge to the board’s decision, arguing that the RGB had gone beyond the limits of the law.

Following the vote, Ann Korchak, board president of the Small Property Owners of New York, issued a scathing statement, calling the approval an “egregious violation” of the RGB’s legal requirement to set rent adjustments based on data.

“This vote was an absolute farce,” Korchak said. “The RGB may have technically met its quorum requirements, but proceeding with one of the most consequential rent votes in recent times with half of its owner representation undermined the balance and fairness of this process. The vote should’ve been postponed until a new owner representative could be appointed.”

“The resignation of the board’s only meaningful advocate for small owners validated our greatest fear, that the majority Mamdani-appointed RGB would cave to the political demands of City Hall,” she added. “This is an egregious violation of the RGB’s legal mandate to set rent adjustments based on the math of its own research, not on political influence.”

Tenant advocates, however, have long decried persistent rent hikes, saying they have worsened an already severe cost-of-living crisis in the five boroughs. They also point to previous rent freezes under former Mayor Bill de Blasio, when the RGB approved several freezes and rents rose a total of just 6 percent over his eight years in office.

Advocacy groups, including the NYS Tenant Bloc, cite data showing that rents and landlord profits increased 12 percent and 30 percent, respectively, under the Adams administration.

In a statement, Sumathy Kumar, executive director of the NYS Tenant Bloc, celebrated the approval and rejected claims that the RGB’s vote exceeded its legal mandate.

“No matter what landlords tell the courts or the legislature, it’s clear the rent freeze has a democratic mandate and is backed by tenant testimony and the RGB’s own data,” Kumar said. “Tenants are facing multiple crises, while landlords have seen their operating incomes and profits rise for years.”

“Today, the RGB has ensured rent stabilization works for its true purpose: to keep New York affordable and keep New Yorkers in New York,” she added. “This is a lesson to every tenant in our city and across the state that when tenants fight together, we can win.”

RELATED:

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Wall Street opened lower Friday, June 26, as a fresh wave of selling in technology shares weighed on the major indexes, even as new economic data showed Americans are becoming more optimistic about the outlook for the economy.

The University of Michigan released its final June consumer sentiment survey Friday morning, showing confidence improved from earlier in the month. According to the report, expectations for business conditions over the next five years jumped 16%, while long-term inflation expectations eased to 3.3%, down from the prior month. Joanne Hsu, director of the survey, said concerns over the potential long-term economic impact of the recent Iran conflict have begun to fade, although overall consumer sentiment remains below where it stood before the conflict escalated.

Despite the encouraging economic data, investors focused on renewed weakness across the technology sector.

Shortly after the opening bell, the Nasdaq Composite fell about 1.1%, the S&P 500 lost roughly 0.7%, and the Dow Jones Industrial Average declined approximately 237 points, or 0.5%. The Russell 2000, which tracks smaller companies, outperformed the broader market, rising about 0.7% as investors rotated money away from mega-cap technology stocks and into other sectors.

The biggest catalyst appeared to be reports that OpenAI may postpone its widely anticipated initial public offering until 2027.

According to published reports, advisers presented OpenAI Chief Executive Sam Altman with two options: pursue an IPO next year at a valuation below $1 trillion, or wait until 2027 in hopes of achieving the trillion-dollar milestone. Altman reportedly rejected the lower valuation, believing the company should not go public until it can command a $1 trillion market value.

The report renewed concerns that valuations throughout the artificial intelligence sector have become stretched after months of rapid gains. Investors also remain focused on the enormous capital spending required to build AI infrastructure, including data centers and advanced semiconductor capacity.

The weakness spread beyond the United States.

South Korea’s stock market experienced one of its sharpest selloffs in months after the Kospi briefly plunged 8%, triggering an automatic trading halt under the country’s circuit-breaker rules. The benchmark later recovered part of its losses but still finished the session down 5.8%. Technology shares led declines throughout much of Asia as investors reassessed lofty AI-related valuations.

Market movers

Semiconductor and AI-related stocks led losses early Friday.

The Roundhill Magnificent Seven ETF, which tracks Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla, slipped in premarket trading to approximately $60.95 as investors reduced exposure to the largest technology companies.

Healthcare stocks once again provided a defensive haven.

Eli Lilly climbed nearly 6%, Johnson & Johnson advanced more than 3%, and AbbVie gained over 2%, extending the sector’s strong performance from Thursday as investors sought more stable earnings during the technology selloff.

BlackBerry shares fell roughly 3%, giving back a small portion of Thursday’s nearly 20% rally. The software company recently reported fiscal first-quarter revenue of $152.9 million, up 25.6% from a year earlier, while net income more than quadrupled. Analyst sentiment also remained positive, with Stifel initiating coverage with a Buy rating and a $12 price target, while CIBC raised its target price to $10.

Friday’s weakness followed a mixed performance on Thursday.

The Dow Jones Industrial Average finished at a record closing high of 51,920.62, gaining 71.72 points, or 0.14%, as healthcare, industrial and financial stocks offset weakness in technology.

The S&P 500 ended nearly unchanged at 7,357.49, while the Nasdaq Composite fell 0.46% to 25,358.60, marking its first four-session losing streak since February.

One bright spot was Micron Technology, whose shares surged 17% after reporting quarterly results that significantly exceeded Wall Street’s expectations. The company posted adjusted earnings of $25.11 per share, well above analysts’ consensus estimate of $20.78. Analysts at Bank of America Global Research said the results reinforced the critical role advanced memory chips continue to play in the expanding AI market.

Meanwhile, Apple dropped 6% after announcing price increases across several MacBook and iPad models, while Microsoft lost more than 3% following higher Xbox pricing. Investors attributed much of the pricing pressure to rising memory and component costs. Caterpillar gained 6%, benefiting from continued strength in industrial shares.

Commodities and volatility

Oil prices continued to decline as concerns over Middle East supply disruptions eased.

International benchmark Brent crude for August delivery fell about 2% to $73.72 per barrel, while West Texas Intermediate dropped a similar amount to $70.48 per barrel after additional tankers resumed transit through the Strait of Hormuz, easing fears of prolonged shipping disruptions despite reports of an attack on a commercial vessel near the Gulf of Oman.

Gold futures rose 0.4% to $4,063.70 an ounce as investors sought traditional safe-haven assets, while silver slipped 0.9% to $58.74 an ounce.

Market volatility also edged higher as traders monitored whether the latest rotation out of high-priced technology stocks would deepen into the afternoon.

Investors now head toward the closing bell watching whether improving consumer confidence and falling oil prices can stabilize broader markets, or whether renewed concerns surrounding AI valuations will continue driving money away from the technology sector.

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JPMorgan Chase promoted two of its most senior executives, Doug Petno and Troy Rohrbaugh, into newly created co-president roles on Thursday, the bank announced, in the clearest signal yet of who stands to eventually replace longtime Chairman and CEO Jamie Dimon atop the largest bank in the United States. “The changes announced today mark an important step in our board’s thoughtful process around succession planning and development of our top leaders,” Dimon said in a statement.

The move came with a notable departure. JPMorgan said Thursday that it elevated Petno and Rohrbaugh to co-presidents while announcing the retirement of Marianne Lake, a senior executive widely seen on Wall Street as a top contender for the chief executive job. Lake had long been viewed as a potential successor, and her exit reshapes a field that has been one of the most closely watched transition stories in corporate America.

The two newly promoted leaders bring complementary résumés. Petno and Rohrbaugh had jointly served as co-CEOs of JPMorgan’s commercial and investment bank. Going forward, Petno will become sole head of that commercial and investment bank, while Rohrbaugh will move over to lead consumer and community banking, the giant retail business that touches tens of millions of everyday customers. Rohrbaugh replaces Lake as CEO of consumer and community banking; she retires after more than 25 years with the lender.

Their backgrounds reflect two different sides of the bank. Petno rose through the investment bank doing client and advisory work, including natural resources banking, while Rohrbaugh came up through the trading desks with a background in foreign-exchange derivatives and options. Handing the consumer franchise to a markets veteran, and the corporate and investment bank to a relationship banker, gives both men broad exposure ahead of any eventual handoff.

The promotions are widely read as a tell about the board’s thinking. Analysts noted that even with retention bonuses for other contenders, the promotion of Petno and Rohrbaugh is a signal that the board is leaning toward them. “Elevating Petno and Rohrbaugh into president-level roles that have historically served as the springboard for the CEO job,” analysts at Keefe, Bruyette & Woods wrote, while Lake’s retirement reshapes the field.

The bank also moved to keep its remaining senior talent in place. JPMorgan disclosed Thursday that Chief Operating Officer Jennifer Piepszak, 55, and asset and wealth management CEO Mary Erdoes, 58, each received $20 million equity-based retention awards. The awards vest only after three years, require the bank to hit an average return on tangible common equity of at least 12% between 2026 and 2028, and the executives must remain employed, with no vesting for retirement or government service. The bank said the awards were meant to “preserve top qualified internal succession candidates.”

The timing question still hangs over the firm. Dimon, 70, has repeatedly said the board has multiple executives capable of becoming CEO, and two people with knowledge of his thinking said he currently expects to remain CEO for roughly three more years, though that could change. He has also left open the possibility of staying on as chairman indefinitely. After more than two decades running the bank, Dimon is regarded as the most influential figure in American banking, and his eventual exit is treated by investors and policymakers as a market event in itself.

Why this matters beyond Wall Street is straightforward. JPMorgan is the largest bank in the country, a lender whose decisions on credit, deposits, mortgages and small-business lending ripple through the broader economy. The people positioned to run it set the tone for how a vast share of American consumers and companies borrow and bank. A leadership change at the top, even one telegraphed years in advance, carries weight for everyone who holds a JPMorgan account or competes with one.

For now, the picture is clearer than it has been in years. Insiders described the dual promotion as setting up a long-awaited horse race to succeed Dimon. Two executives are out front, two more have been paid to stay, and one long-presumed front-runner has stepped away. The next chapter at JPMorgan will be written by whichever of them the board ultimately chooses, on a timeline that, as ever, only Jamie Dimon seems to control.

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A heated exchange took place during an Israeli cabinet meeting on Thursday evening after several ministers said they had received phone calls from soldiers claiming that their operations in southern Lebanon were being restricted.

Minister Orit Strock said the soldiers felt “like sitting ducks at a shooting range,” while Minister Yitzhak Wasserlauf added that “the soldiers are not allowed to respond beyond the Yellow Line.”

Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz rejected those claims, telling ministers that “there are no restrictions on the soldiers’ operational freedom.”

“There are advantages and disadvantages to the ceasefire, but we are not putting any soldier at risk,” Katz said. Netanyahu added, “Whenever there is an immediate threat on the ground, our soldiers respond.”

Responding to the ministers’ complaints, IDF Chief of Staff Eyal Zamir said: “It was the political leadership that requested the ceasefire. If the directives change, we will act accordingly.”

Washington talks focus on southern Lebanon 

Meanwhile, in Washington, talks between Israel and Lebanon are set to continue on Friday on a pilot initiative under which the Lebanese Armed Forces would enter designated areas in southern Lebanon and begin removing Hezbollah’s presence.

“There is a positive atmosphere in Washington. No agreements have been reached yet, but the expectation is that they will be,” a source familiar with the negotiations told The Jerusalem Post.

The main point of contention is the location of the pilot project. Israel initially opposed conducting it along the Yellow Line – the current operational line in southern Lebanon held by IDF forces.

However, current assessments suggest Israel may carry out a limited withdrawal from a specific section, allowing the Lebanese army to enter with US support and demilitarize the area. The pilot is also expected to include additional areas in southern Lebanon where the IDF is not currently deployed.

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Bright MLS is preparing to launch an integration that will push participating brokerages’ listings directly into Google search results at no additional cost, according to a company announcement last week.

This integration is made possible by Google’s partnership with HouseCanary’s ComeHome.com platform, which was expanded nationwide earlier this month. BrightMLS is the fourth MLS HouseCanary has signed an agreement to provide Google with this listing data. The other MLSs include California Regional MLS (CRMLS), San Diego MLS (SDMLS) and My State MLS

The feature will surface listings from participating Bright MLS brokerages in a dedicated “properties for sale” experience on Google, giving consumers a way to discover local inventory directly from a search results page on mobile devices. Listings will link back to the brokerage or agent site, according to the announcement.

Bright said eligible brokerages may opt in at the brokerage level, rather than agent by agent, and that the integration is designed to comply with existing MLS rules around listing display and attribution. The company framed the product as an additional distribution channel alongside traditional IDX and portal syndication rather than a replacement.

According to the announcement, the feature will be available to Bright MLS members beginning next Tuesday. 

Google began testing this advertising program that embeds for-sale home listings directly into mobile search results back in December 2025 before appearing to pull these listings in early January. In mid-May, the listings reappeared in search results in many of the original test markets, including Miami, New York, Cleveland, Chicago, Austin, San Francisco and Los Angeles. Google took the program national in early June, announcing that it was rolling out enhanced Local Services Ads (LSAs) for home listings across all 50 U.S. states. 

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

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U.S. mortgage performance remained stable in May even as headline delinquencies rose due to a Sunday month-end that pushed some payments into June, according to Intercontinental Exchange (ICE)’s First Look report released Friday.

The national delinquency rate climbed 15 basis points in May to 3.50%, up 4.5% from April, ICE reported. Delinquencies are still below pre-pandemic levels from January 2020, suggesting the increase was more about calendar noise than a sign of broad deterioration.

“While the headline increase in delinquencies may draw attention, the underlying performance picture is stable as delinquencies remain below January 2020 levels,” Andy Walden, head of mortgage and housing market research at ICE, said in a statement.

Walden attributed the rise in early-stage delinquencies and a month-over-month decline in cures largely to the Sunday month-end, which delayed processing of some payments to the next business day.

Late-stage delinquencies, foreclosure inventory

Serious delinquencies — loans 90 or more days past due but not in foreclosure — held flat from April at 577,000 loans, a five-month low on a seasonally adjusted basis. But serious delinquencies are up 111,000 from May 2025, the largest annual increase since 2020, underscoring mounting stress among a segment of borrowers.

Late-stage delinquencies — those that are seriously delinquent or in active foreclosure — increased by 185,000 year over year, also the biggest annual jump since the pandemic-era unemployment spike in 2020. That trend suggests more borrowers are remaining in distress longer, despite headline performance looking comparatively healthy.

Foreclosure activity also moved higher on a year-over-year basis. Active foreclosure inventory rose to 280,000 loans in May, up 4,000 from April. The figure was up 34% year over year for the highest level in six years, ICE reported. The pre-sale foreclosure inventory rate increased to 0.51% and remains below pre-pandemic norms.

Foreclosure starts declined nearly 9% from April to 33,000 but were still about 19% higher than in May 2025. Completed foreclosure sales totaled 7,000, down 11% month over month and roughly flat from a year earlier.

In total, 1.932 million properties were at least 30 days past due but not in foreclosure at the end of May, up 84,000 month over month and 188,000 higher year over year. When including loans in foreclosure, 2.212 million properties were either delinquent or in the foreclosure process, an increase of 88,000 from April and 262,000 from a year earlier.

Refis slow as mortgage rates rise

Prepayment activity continued to cool as mortgage rates ticked higher. The single-month mortality rate, a common measure of prepayments, fell 15% from April to 0.79% in May, a four-month low. Even with the decline, the rate remained about 8 bps above year-ago levels, reflecting slightly more refinance and housing turnover activity than in mid-2025.

The state-level data underscores where stress is most concentrated. Mississippi, Louisiana and Alabama had the highest non-current loan percentages, while Hawaii, California, Montana, Washington and Idaho had the lowest figures.

On a 12‑month basis, New York, Wyoming and Montana saw the biggest increases in non-current shares, while states such as Hawaii and Idaho posted some of the smallest gains.

“Overall mortgage performance remains healthy, yet the level of serious delinquencies and active foreclosures highlights the importance of reaching borrowers early,” Bob Hart, president of mortgage technology at ICE, said in the report. He noted that as loss-mitigation volumes rise, mortgage services will need technology that can scale borrower outreach and workout execution while supporting compliance.

For servicers, the divergence between stable headline performance and rising serious delinquencies and foreclosure inventories signals a growing pipeline of loss-mitigation work — particularly on Federal Housing Administration (FHA) loans, which ICE said continue to underperform the broader market. This means more staff time, compliance risk and operational complexity just as prepayment speeds remain low and cash flows stretch out.

Investors and mortgage servicing rights (MSR) holders should pay close attention to the mix of early‑stage versus late‑stage delinquencies. Calendar-driven bumps in 30‑day delinquencies are usually transitory, but sustained growth in 90‑day-plus delinquencies and active foreclosures can pressure advance requirements, increase credit losses, and change assumptions on bond and MSR valuations.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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A POWER AGENT® in our coaching call was about to lose a listing to a discount brokerage. The seller looked her in the eye and said, they do everything you do, for less money. This is one of the most common pressures we face as real estate professionals. It is also one of the easiest to handle, once you stop trying to win the argument on the seller’s terms and start talking real estate value.

Here is the thing nobody is telling you. The seller is right, and the seller is also wrong. Both at the same time.

The seller is right that two brokerages may use the same MLS, same lockbox, same photography vendor, same yard sign, etc. The tools are the tools. They are not secret. The seller is wrong that the tools are the work.

I want you to picture you want to install a driveway on your property. Imagine you got two estimates to install it. One contractor quotes you the going rate. The other quotes you a number that makes you smile because it’s less money. Both contractors say they will measure, set a border and pour the driveway. From your kitchen window, you would never know the difference.

Here is what you would not see. The base.

The base is the layer of gravel and stone underneath the driveway. It is the thing that determines whether your driveway looks great for three years or 30 years. You can do a shallow base or a deep one. You can use cheap fill or proper road quality base. You can compact it once or compact it three times. The end result you see is the same. The driveway you drive on for the next 20 winters is a completely different product.

A contractor who is willing to cut his price is telling you something important. He is telling you that he believes the work he does is worth less than what the other guy charges. He is telling you, before you sign, that he plans to make the math work somewhere you cannot see. That somewhere is the base.

The same is true in real estate. A brokerage that charges less is not absorbing the difference out of charity. The difference comes out of the part of the work that the seller cannot see from the kitchen window. The negotiation training. The pricing analysis. The hours spent qualifying buyers before they walk through the door. The phone calls that protect the deal at three o’clock on a Sunday afternoon.

That is the base.

PowerfactLower price always signals less quality. Higher price does not always signal more.

Here’s a second image to carry into the listing conversation

If you have ever watched one of those chef competitions on television, you know how they work. Two chefs walk in. They get the same fish. The same oil. The same herbs. The same knives, same pans, same stove and the same time on the clock. They have an identical kitchen.

When the timer hits zero, they hand the judges two completely different plates.

The tools were identical. The result was not even close.

That is the answer to the discount brokerage objection. The tools you use are the same tools every other agent in town has. The MLS is the MLS. The lockbox is the lockbox. The yard sign is the yard sign. What is different is how you use them. That is the part the seller is paying for.

“I am not the cheaper cook. I am the chef who knows what to do with the ingredients. If the seller wants a chef, they should hire one. If the seller wants someone who can technically use the tools, the discount brokerage will be fine for that. But the result on the kitchen table at the end will look like the result on the kitchen table at the end.”

This conversation lands so much better than a defensive script. You are not arguing with the seller. You are agreeing with the surface observation and then taking them underneath it. That’s not selling — it’s coaching. 

Selling vs. coaching

When the seller hears the driveway analogy, they don’t feel attacked. They feel like they just learned something. When they hear the chef story, they smile because they have seen those shows. They get it. The image is doing the persuasion. You are just delivering it.

That is what I mean when I say lean on metaphors over scripts. A script asks you to memorize words and hope you can deliver them under pressure. A metaphor asks you to remember a picture. You will remember a driveway and a chef for the rest of your career. You will forget a script before you finish the listing appointment.

Here is your work this week

Before your next listing presentation with a price-sensitive seller, sit at your kitchen table and tell yourself the driveway story out loud. Tell yourself the chef story out loud. Hear yourself say it. The words will come out a little different every time. That is fine. The point is the image. The image carries the message.

When you walk into that listing appointment, you will not feel like you are battling the seller’s objection. You will feel like you are helping them see something they had not seen before. That is the difference between selling and serving.

One more thing worth saying. If the seller hears both stories and still chooses the discount brokerage, let them. Some sellers will choose price. That is their right. You did your job, which was to give them the information they needed to make the choice with their eyes open.

Some of those sellers will call you back in ninety days. Some will not. Either way, your time is better spent walking into your next appointment than fighting the one you already lost.

PowerfactServe don’t sell, coach don’t close.

The discount brokerages are not your competition. The story you tell at the kitchen table is. Tell a better story.

Darryl Davis, CSP, is a speaker, coach, and bestselling author who has trained real estate professionals, and the leaders who build them, for more than 40 years. Read his whitepaper on private listings here. He is the founder of the POWER AGENT® Coaching Program and Darryl Davis Seminars. Learn more at darrylspeaks.com.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.

To contact the editor responsible for this piece: tracey@hwmedia.com

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US Secretary of State Marco Rubio traveled to the Gulf to meet with key US partners in the region, with a goal of showcasing “strong partnerships,” the US Department of State stated.

Rubio was in the UAE and then Kuwait. As the visits wrapped up, the US State Department was focused on discussing support for Venezuela in the wake of two powerful earthquakes there. The visits to Kuwait, Bahrain, and the UAE are important, as these countries were attacked by Iran during the latest conflict.

In Bahrain on June 25, Rubio met with Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani at a meeting with the Gulf Cooperation Council member states. During the meeting, Rubio emphasized US opposition to any kind of toll being levied on ships using the Strait of Hormuz.

Meanwhile, other Gulf countries are also looking at what might come next. Qatar, for instance, has played a key role in mediating talks with Iran and the US. Alongside Pakistan, it has been involved in talks in Switzerland, where US Vice-President JD Vance is the point person on talks with Iran.

US policymaking in the Middle East has often been somewhat segmented under the Trump administration. This element of the Trump doctrine has meant that Rubio, Vance, and others, such as Jared Kushner, Steve Witkoff, and Tom Barrack, have played various roles in US policy initiatives. For instance, Ambassador Barrack, who is the ambassador to Turkey, is now also the envoy to Syria and Iraq.

During the Iran conflict, it appeared that Rubio was less involved in the Middle East. His trip this week showcased his continued role in the region in the wake of the conflict.

With the Iran conflict on hiatus for sixty days while the talks in Switzerland play out, the question for the Gulf countries is what to do next. For the most powerful and leading states, such as Saudi Arabia, this means working with Pakistan, Turkey, Egypt, and other countries. For the smaller but important states, such as the UAE, Bahrain, and Kuwait, this will mean considering the next steps.

Now is ‘critical time’ for region, Bahrain FM says

Bahrain’s foreign minister, Zayani, spoke about the challenges in the region. “This is a critical time for the region,” he stated. “The attacks against our countries tested us in ways we had hoped never to face, yet they also revealed the strength of and resilience of our societies and the effectiveness of our institutions and defense forces in protecting lives and preserving stability.”

He also said that “our citizens endured uncertainty and disruption of the peace and security that define our region. These experiences have only strengthened our resolve to ensure that such attacks are never normalized and to work with our partners to reinforce the foundations of enduring peace, security, and stability for future generations.”

The Bahrain foreign minister also announced that “after the grave challenges we faced, today we see a glimmer of hope for our region, and welcome diplomatic efforts resulting in an end to hostilities with the signing of the Memorandum of Understanding between the United States and Iran, supported by the mediation of Pakistan and Qatar, and the restoration of free and secure navigation through the Strait of Hormuz. In this regard, we welcome the announcement by Oman of a temporary maritime corridor for vessels wishing to transit through the strait.”

Bahrain noted that it was important to prevent Iran from acquiring a nuclear weapon and that freedom of navigation was important. The country also called for a “definitive end to missile and drone attacks, ceasing support for militias, and halting interference in the sovereignty of our states.”

Rubio warned in the meeting about the risk of Iran trying to impose tolls on ships, and how this would lead to chaos around the world. “International waterways do not belong to any nation-state,” he explained at the Gulf Cooperation Council meeting in Bahrain. “This is a foundational principle in the world today, without which the world would be in total chaos. If, in fact, we accepted that you can charge money to use an international waterway because it happens to be near your territorial space, well then, this will spread throughout the world like a contagion.”

Rubio’s comments at the meeting in Bahrain aimed to shore up US commitments and support for the Gulf. He said the US would not make any agreements that would threaten the security of US partners in the Gulf.

The Gulf countries have been willing to hedge for years as they watch the global order change. This has included some countries conducting outreach to Iran or considering joining other economic blocs, such as BRICS. The war with Iran has now raised further concerns in this region.

Gulf nations pursuing new defense strategies

“Former officials and analysts see the Gulf nations adopting several new strategies to protect themselves. They are likely adapting to living with Tehran’s growing power, investing more resources in defense while their fragile unity further erodes,” Al-Hurra noted this week. “Yet Gulf nations appear to be negotiating on their own with Tehran. In an interview published June 24 in the Financial Times, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said Gulf countries are working on a regional security framework with Iran. ‘That will hopefully have economic co-operation in the future between all of us – to bring the region back to stability,’ he said.”

The report also noted that Gawdat Bahgat, a professor of national security affairs at Washington’s National Defense University, “points out that Gulf countries are also deepening defense ties with China, India, Pakistan, Turkey, Britain, France, Germany, and other European nations, as part of their strategy to diversify security cooperation in anticipation of future uncertainty.” It also added that analysts see the Gulf countries as “far from united in a single coalition. The fallout from the Iran war has exacerbated the differences among GCC members, pushing them to pursue divergent paths.”

This means that while Rubio’s visit is important, these countries are also discussing what comes next among themselves. They are concerned that the US rushed into the war with Iran without consulting them. They prioritize stability and caution. In the past, they preferred to de-escalate with Iran, such as after the 2019 attack on Abqaiq and the mining of vessels off the coast of Fujairah in the UAE. They wonder if the US will be as committed and consistent in the future. As such, it’s likely that they will consider hedging by reaching out to Iran, other regional powers such as Pakistan, and China. 

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AP Photo: Workers clean algae from the Lincoln Memorial Reflecting Pool on the National Mall in Washington, D.C., as restoration work continues following a multimillion-dollar renovation.

A group of Senate Democrats has launched an investigation into the troubled renovation of the Lincoln Memorial Reflecting Pool, questioning how a project that was initially expected to cost $1.8 million grew to more than $16 million while experiencing significant construction problems shortly after completion. Sen. Jeff Merkley (D-Ore.), the ranking Democrat on the Senate Appropriations subcommittee overseeing the Department of the Interior, led the effort, calling for answers from contractors involved in the project.

In a statement, Merkley criticized the renovation, saying, “After railing about waste, fraud, and abuse, Donald Trump spent more than $16 million on a renovation of the Reflecting Pool that’s now peeling and chock full of algae.” He called the project a “massive waste” of taxpayer dollars and demanded accountability from the contractors responsible for the work.

The renovation has become a flashpoint over federal contracting and oversight. According to reports cited by lawmakers, the project’s cost climbed from an originally projected $1.8 million to more than $16 million, with an additional $1.7 million spent attempting to eliminate a large algae bloom that developed after the pool was refilled. The dramatic increase has prompted lawmakers to examine how the project was managed and awarded.

Contracting practices are now at the center of the investigation. Sen. Richard Blumenthal (D-Conn.), ranking member of the Senate Permanent Subcommittee on Investigations, questioned the use of non-competitive contracts awarded for portions of the project. Merkley sent letters to John Cafaro, chief executive of Green Water Solutions, and Curtis Wood, chief executive of Atlantic Industrial Coatings, requesting documents and explanations regarding their companies’ work.

House Democrats have also begun their own inquiry. Rep. Robert Garcia (D-Calif.), the ranking Democrat on the House Oversight Committee, requested copies of contracts, water-quality reports, performance standards, invoices, and payment records from both contractors. Garcia gave the companies until July 8 to respond, describing the renovation as “another failed vanity project” that wasted taxpayer funds.

The work itself has drawn public attention after visible problems emerged almost immediately. The renovation included repainting the bottom of the Reflecting Pool a deep blue color ahead of celebrations marking America’s 250th anniversary. Shortly after the pool was refilled, however, warm weather contributed to a significant algae bloom. A second contractor was later hired to remove the algae using nanobubble technology, but officials say portions of the new coating subsequently began peeling away, forcing additional repairs. The pool has since been fenced off and is expected to be drained again for further work.

The White House has defended the project. Spokeswoman Taylor Rogers said President Donald Trump led the restoration effort because the Reflecting Pool had long suffered from algae problems and water leakage, arguing that the renovation should be viewed as an effort to improve one of the nation’s most visited landmarks rather than a failure. The Department of the Interior likewise rejected criticism of the project, pointing to photographs showing the restored pool reflecting the Lincoln Memorial and Washington Monument.

Trump has also alleged that vandalism contributed to the damage, claiming individuals used sharp objects to cut sections of the pool’s protective liner. According to a court filing submitted by Frank Lands, deputy director of operations for the National Park Service, U.S. Park Police responded to a June 9 complaint involving damage to the liner that appeared to have been caused by a knife or razor. The administration has argued those acts complicated repair efforts.

Although Democrats currently lack subpoena power to compel testimony or documents, the parallel Senate and House inquiries are expected to intensify scrutiny over how the contracts were awarded, whether taxpayer funds were spent appropriately, and whether additional repairs could further increase costs. The investigation also signals that federal infrastructure projects—large and small—are likely to remain a focus of congressional oversight in the months ahead.

For taxpayers, the controversy extends beyond a single landmark. The investigation raises broader questions about cost overruns, competitive bidding, contractor performance, and accountability in federally funded projects at a time when Washington continues investing billions of dollars in public infrastructure across the country.

JBizNews Desk
New York
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Hey, the date today’s 6-26-26. Fun.

Also, we’ve got further advances in embryo editing, Sen. Bill Cassidy is unveiling a bill to wrestle with 340B drug discounts, and we review the vibes we picked up this year at BIO. 

Embryo editing advances reignite ethical debates

Scientists have used a newer, more precise form of CRISPR in early human embryos to better understand the genes at play during the earliest stages of human development. The work, published in Nature, also suggests base editing is gentler than earlier versions of CRISPR, avoiding the chromosome damage that has raised safety concerns. Still, the embryos frequently ended up as mosaics, STAT’s Andrew Joseph and Megan Molteni write, with a mix of edited and unedited cells.

Continue to STAT+ to read the full story…

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The Trump administration is moving to restart the specialized LGBTQ+ option for youth who contact the 988 crisis intervention hotline, but the group that helped pioneer the idea is being shut out.

The Trevor Project, the leading nonprofit for suicide prevention in LGBTQ+ young people, may not be allowed to offer the service it had helped develop for the 988 Lifeline just a few years ago.

Read the rest…

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Grocery prices are still climbing at close to their fastest pace in years, keeping pressure on household budgets even as the broader economy’s inflation story is dominated by energy. According to the U.S. Bureau of Labor Statistics, whose Consumer Price Index for May was released Wednesday, June 10, the food-at-home index — the cost of groceries — rose 2.7% over the prior 12 months. That followed a 2.9% annual increase in April, which was the sharpest grocery inflation rate since August 2023, leaving food-at-home prices hovering near a three-year high.

The strain is uneven across the store. Fresh produce led the way, with the fruits and vegetables category up about 6.1% over the year, while nonalcoholic beverages rose 5.8%, pushed higher by global coffee prices. Beef remained a sore spot, with farm-level cattle prices up nearly 18% from a year earlier amid tight supplies. One bright spot for shoppers was dairy, where prices fell 1.0% over the year and cheese dropped 2.9% in May alone, giving grocers room to run promotions.

The figure sits below restaurant inflation. Prices for food away from home — meals at restaurants and takeout — rose 3.5% over the year, according to the same report. That gap has narrowed in 2026, an important shift for grocers and restaurants alike as families weigh whether to eat out or cook at home.

For context, food-at-home prices rose just 1.2% in 2024 and 2.3% in 2025, both below the long-run average. The U.S. Department of Agriculture now expects grocery prices to climb about 3.2% across 2026, faster than the 20-year historical pace of 2.6%, and warns the war in Iran could push prices higher still by raising gasoline, transportation and production costs in the months ahead.

The business and consumer fallout is already visible. Grocery inflation running ahead of its recent trend pressures the margins of chains like Kroger and Albertsons, fuels the political push against “surveillance pricing,” and helps explain why a growing share of shoppers are trading down to store brands or financing grocery runs with buy now, pay later loans. While the Federal Reserve, now led by Chair Kevin Warsh, focuses on an energy-driven jump in headline inflation to 4.2%, the steadier grind in grocery aisles is the number families feel most directly every week.

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The US and Iran finalized diplomatic talks in Switzerland this week, ending months of escalation and opening what the Trump administration is calling a new chapter of regional diplomacy. Israel was not in the room. The agreement, according to reporting confirmed in part by Vice President JD Vance on CBS, includes a 60-day US waiver allowing Iran to resume exporting oil and petrochemical products, the release of roughly $12 billion in previously frozen Iranian assets, and a reported $300 billion reconstruction fund backed by Gulf states. President Trump has publicly contradicted parts of the framework even as his administration has moved to implement it.

In this week’s episode of The Deep Dive, host Shifra Jacobs, filling in for Jacob Laznik, is joined by Ezra Taylor for a wide-ranging conversation on what the agreement actually contains and what it leaves out. Taylor argues that the deal, as structured, does not end the conflict between Iran and Israel but rather makes the next round of fighting more likely. He points to Lebanon, where research by Lt. Col. (res.) Sarit Zehavi of the Alma Center has documented Hezbollah broadcasting animated October-7-style invasion plans for northern Israel as early as 2012, and to the new agreement’s apparent constraints on Israel’s ability to respond independently to threats from the north. Quoting Iran’s parliament speaker on the way out of negotiations,”we never negotiate under threats or pressure”, Jacobs flips the familiar Israeli line back, noting the contrast with two decades of Western insistence on not negotiating with terrorists. American and Israeli deterrence in the region, Taylor argues, “is gone.”

The episode also takes in the political weather around the deal. Keir Starmer’s resignation as UK prime minister, a string of antisemitic incidents across continents this week, an assault in Berlin, an arrest in the Netherlands for a planned synagogue bombing in Haarlem, reported incidents in Greece and the Baltics, and a deadly shooting in a Jewish neighborhood in Montreal in which a Chabad rabbi was reportedly caught in the crossfire, and the question of how leaders across the West are still struggling to name the climate they now have to govern. Jacobs and Taylor close on the journalistic discipline they argue is now essential to reading any of this clearly: apply critical thinking, read multiple sources, and be wary of theatrical contradictions between political leaders that may be more strategy than rupture.

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Following protests by haredi (ultra-Orthodox) demonstrators that disrupted traffic across the country this week and caused major congestion, a counter-protest took place on Friday.

Between 1 p.m. and 4 p.m., hundreds of protesters are expected to arrive in Bnei Brak for a demonstration against inequality in the burden of service. During the protest, they plan to disrupt traffic at the city’s entry points. Participants are expected to include reserve soldiers, active-duty soldiers, mothers of combat troops, and residents of Kfar Yona, Kfar Saba, and other cities.

According to organizers, the protest has been coordinated with police and will take place simultaneously at several locations. The main gathering point will be at the Coca-Cola Bridge, from where protesters will march on foot toward Bnei Brak. At the same time, drivers have been instructed to enter the address “Rabbi Kahaneman 120” into Waze and drive repeatedly at a slow pace until 4 p.m. The message accompanying the protest reads, “The convoy of draft dodgers will not disrupt the lives of citizens.”

At the same time, a convoy of vehicles departed from a parking lot near Prison 10 in Kfar Yona toward Bnei Brak. Residents of Kfar Yona, along with those from Kfar Saba and the surrounding area, joined the convoy, saying they had experienced traffic disruptions over the past week due to Haredi protests.

Among the protest leaders is the chairman of the “Free Seculars” movement, Ilai Harsgor Hendin, who said he believes the public has reached a breaking point.

“Haredi leaders have stretched the rope too far. From now on, they will understand the consequences of their actions. What applies to Bnei Brak applies to Kfar Yona and Tel Aviv. We will no longer accept institutionalized draft evasion while our soldiers are falling in Lebanon. We will not accept continued looting of public funds or discrimination between Haredim and the rest of the population. It is time for the residents of Bnei Brak to feel the anger of secular Israelis, and this is only the beginning.”

Bnei Brak residents prepare for Shabbat early due to protest

“Within less than an hour, hundreds of people are expected to arrive who are saying enough to draft evasion from the IDF while our soldiers are fighting,” Harsgor Hendin added. 

“Enough wasting public money and a situation where those who work, serve, and pay taxes are also stuck for hours in traffic because of road blockages. It is time for the residents of Bnei Brak to feel what we feel. We are already hearing about residents in the city who have begun preparing early for Shabbat due to concerns about expected disruptions.”

Among the protest organizers are also 19 year old Yekutiel Epstein from Kibbutz Nachshonim, who serves in mandatory IDF service in the West Bank, and attorney Ayelet Hashachar Saidoff, head of the “Mothers on the Front” movement. “Just as the Haredim use timing to take away our freedom, we will respond in the same way at times that are difficult for them,” Epstein said.

“The goal is for them to understand what it feels like when your life is stopped because of road blockages.”

Saidoff said the protest was born out of growing frustration.

“We are mothers, reservists, and residents of Kfar Yona and Kfar Saba, telling them, enough. They think they are the masters of the land, and it is time for a response. If time and again they are allowed to disrupt everyone’s lives, we also have the right to protest. We want them to understand what it feels like when your way home is blocked.”

Additional protests to operate within Bnei Brak

According to organizers, in addition to the march and vehicle convoy, additional protest points will operate within Bnei Brak, with their exact locations not disclosed in advance.

“It is time to respond,” they said. “Our goal is not revenge, but to send a clear message: those who repeatedly disrupt the public’s life cannot expect no response.”

In the coming hours, it will become clear whether the counter protest remains within the defined limits or leads to broader traffic disruptions. For the organizers, the message is clear: if haredi protests have become part of the routine, those who serve in the IDF, go to reserve duty, and carry the burden are now also seeking to make their voices heard on the same roads.

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The Jerusalem Grand Slam 2026 will bring together approximately 76 athletes from 29 countries on Thursday, June 25, at the National Stadium in Givat Ram, Jerusalem, as the city hosts one of Israel’s leading international athletics competitions. 

Organized with the involvement of the Jerusalem Municipality and the Israel Athletics Association, the event will feature competitors from Europe, North and South America, and Africa alongside many of Israel’s top track and field athletes. 

Athletes from countries including the United States, Canada, Brazil, France, Greece, Ukraine, Hungary, Italy, Spain, the Netherlands, Ethiopia, and Uganda are expected to participate. The program will also include a 4×100-meter relay featuring national teams from Ukraine, Lithuania, and Poland. 

Among the Israeli competitors scheduled to take part are Blessing Afrifah, Yonatan Kapitolnik, Adva Cohen, Omri Shiff, Romi Tamir, Alina Drotman, and Mercy Afrifah. 

For many athletes, the competition represents an opportunity to achieve qualification standards and collect ranking points ahead of the European Championships in August. 

The Jerusalem Grand Slam will be hosted at the Givat Ram Stadium

Now entering its third consecutive year, the Jerusalem Grand Slam has continued to expand its international profile and strengthen Jerusalem’s role as a venue for major sporting events. 

Last year’s edition produced a notable achievement when Omri Shiff set a new Israeli record in the 400-meter hurdles with a time of 49.82 seconds, ending a 34-year wait for a new national mark in the event. 

In addition to the athletics competition, organizers said a family fan zone will operate at the stadium, offering interactive activities and entertainment for visitors. 

Jerusalem Mayor Moshe Lion said the event reflects “Jerusalem’s growing status on the global sports map,” adding that the city has continued to attract international athletes and invest in sports infrastructure. 

Ami Baran, Chairman of the Israel Athletics Association, said the participation of athletes from 29 countries carries “great significance” and reflects efforts to continue bringing major international sporting events to Israel. 

The Jerusalem Grand Slam 2026 is scheduled to take place at the National Stadium in Givat Ram on Thursday, June 25. 

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There was a time when Britannia ruled the waves. Now the waves rule Britannia

Like a storm-tossed ship’s terrified passengers, the kingdom that once dominated the world has just thrown another of its admirals overboard, abandoned by the masses, the elites, the media, and his own political peers. 

Yes, Keir Starmer’s two-year premiership lasted longer than Rishi Sunak’s 18 months, not to mention Liz Truss’s 50 days, but with one decade’s seventh prime minister set to enter 10 Downing Street, something is obviously wrong in His Majesty’s realm. What is it? 

Starmer’s downfall was not about his executive performance. On all his main tasks – immigration, growth, and social policy – his delivery was reasonable. 

Immigration, which peaked at 944,000 in 2023, last year plunged to 171,000; the economy grew faster than the rest of the seven richest democracies; and social reforms included a 4.1% raise in minimum pay, railway nationalizations, and raised taxes on gambling, expensive houses, and private schools. 

The better explanation is Labour’s defeat in last month’s local elections

Like these measures or not, that’s what Starmer was elected to do. Why, then, did he fall? The one scandal pundits mentioned, his appointment of the disgraced Peter Mandelson as ambassador to Washington, is unconvincing. Yes, it showed mistaken judgment, but it was no Profumo Affair, in which the government fell in 1963 after it emerged that the secretary of defense had slept with a Soviet spy. 

The better explanation is Labour’s defeat in last month’s local elections, which made its lawmakers panic. But that’s where the deeper questions arise: why panic – there are more than three years until the next general election – and why behead the party leader? 

And the answer is that the panic is because the British establishment, both Labour and the Conservatives, faces a challenge they do not know how to confront, other than to decapitate one leader after another.

Replacing the leader assumes that the voters have a problem with their leader’s identity. If only it were so. The British voters’ problem is not their leader’s identity, but their country’s direction. 

It takes no historian to link British politics’ instability to the great event that opened its decade of revolving leaders: Brexit. That jolt, say Brexit’s opponents, was so massive that it debilitated British politics. Well, they are wrong. The problem was the people’s feelings, which their vote expressed, and the politicians failed to detect. 

The London-based political and cultural elites had lost touch with the industrial and rural parts of their land. Having underestimated the alienated population’s size and pain, they were stunned once they met the masses’ wrath in the polls. 

And then, faced with Brexit’s statement, a massive effort was launched to doubt the majority’s judgment, dilute its verdict, and test its will. That’s what the first post-Brexit prime minister, Theresa May, who had opposed the idea all along, tried to do. But even when the baton passed from her to one of Brexit’s key supporters, Boris Johnson, he failed to present an alternative path: say, a grand free-trade deal with the US, Canada, Australia, and New Zealand. 

Fear, the feeling the drove Brits to vote for Brexit

Brexit was only technically about policy. Europe gradually threatened its members’ sovereignty and challenged the very concept of national will.  But underneath this rational layer bubbled what mattered most – feelings. And the feeling that drove the Brits to vote for Brexit was the same feeling that in the recent local elections made them snub Labour: fear. 

The British are fearful, and the fears that drove them to destabilize their political system are not only theirs, but also those of much of the free world, from Germany, Italy, and France to the United States. 

Across the West, millions live in growing fear. They fear that the postwar world they inherited is cracking in its every layer. Economically, they fear for their jobs, housing, and savings. Socially, they feel invaded by immigrants. And culturally, they feel that their parents’ traditional values are being replaced by postmodern alternatives, which they resent. 

Whether or not these feelings are justified is beside the point. What matters is that the security, pride, and sense of belonging with which Western citizens emerged from World War II have given way to rapidly spreading feelings of insecurity, alienation, and steadily eroding dignity. 

That, and not the charisma of this or that candidate, is what led millions of Brits to vote for Brexit; that is what made them unseat the Tories, and that is what made them defeat Labour’s municipal candidates last month. 

The man who benefits from this gathering anger and despair is Nigel Farage, leader of Reform UK. He is what the British establishment really fears. 

Historians will agree that, whatever this rabble-rouser’s role in making Brexit happen, he did not cause the earthquake he so shrewdly exploited. The earthquake was caused by generations of politicians across the rich world, who invited from the poor world millions of hewers of wood and drawers of water without preparing for their full social absorption. 

That is why millions of Brits now wonder what will be left of the British nation, culture, and character in several decades. Judging by Starmer’s resignation speech, that British character is still alive and well. Citing the doubts that grew over his leadership, the departing leader said: “I have heard the answer… and I accept that answer with good grace.” 

That grace is part of a culture; a British culture; the British value of assuming responsibility, the way foreign minister Peter Carrington resigned after Argentina invaded the Falkland Islands, and the way prime minister David Cameron resigned after the Brexit poll, which he had called, and resulted in his “Remain” campaign’s defeat. 

Starmer cleared the stage with humility, responsibility, and grace because that is the uniquely British value of public responsibility, a value that a rapidly changing Britain may or may not preserve, but here in the Jewish state,  has yet to arrive. 

www.MiddleIsrael.net

The writer, a Hartman Institute fellow, is the author of the bestseller, The Jewish March of Folly (Yedioth Books 2026), now available in English on Amazon.

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Magen David Adom (MDA) marked Israel’s National Paramedic Day on Thursday by honoring 20-year-old Druze paramedic Ghadir Saleh, whose path from aspiring international violinist to emergency medical responder has made her a prominent figure within the organization. 

Saleh, from the northern Druze city of Maghar, now volunteers on Magen David Adom Mobile Intensive Care Units after completing the organization’s paramedic training program as part of her National Service.

Before entering emergency medicine, Saleh pursued music, playing the violin from the age of nine and representing Israel on several international delegations. After graduating from high school, she taught violin to at-risk youth and children on the autism spectrum through the Ministry of Education

She said her career plans changed after a doctor advised her to reduce the strain on her hands. 

“I’ve been playing since I was nine years old. I represented Israel on several international delegations around the world, and I never imagined I would pursue anything other than music,” Saleh said. 

MDA Honors Druze Paramedic Ghadir Saleh

A serious accident at age 16 also influenced her decision to become a paramedic. 

“When I was injured in the accident, the people around me didn’t know how to help. They didn’t even know they should call 101, MDA’s emergency hotline. Throughout my recovery, which involved countless hospital visits and medical examinations, I kept thinking about how important it is to know what to do in situations like that,” she said. 

Saleh said she later enrolled in MDA‘s intensive paramedic course, describing it as demanding while also helping her develop professionally and personally. 

Today, she serves on mobile intensive care units across Israel and said she has received strong encouragement from both her family and the Druze community. 

“I want to help people and save lives. The Druze community is known for being traditional, but in the end, it doesn’t matter what religion I am or what religion my patient is. It’s about one person helping another,” she said. 

Although she continues to play the violin, Saleh said emergency medicine has given her a new sense of purpose, adding that helping others and serving her country has become her greatest source of fulfillment. 

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And so, another working week will soon draw to a close. Not a moment too soon, yes? This is, you may recall, our treasured signal to daydream about weekend plans. Our agenda includes manicuring the Pharmalot grounds, escorting Mrs. Pharmalot to an afternoon soiree, and catching up on our reading. We also hope to hold another listening party, where the rotation will likely include this, this, this, this, and this. And what about you? Now that summer has officially arrived, this is a fine time to enjoy the great outdoors — beaches are beckoning, trails must be climbed and parks can be explored. Of course, those of you who prefer to hibernate could curl up with a good book, tidy up around your castle or watch some footie on the telly. Well, whatever you do, have a grand time. But be safe. Enjoy, and see you soon…

The chair of the U.S. Senate health committee introduced a bill to restrict the federal 340B drug discount program that has been lucrative for nonprofit hospitals, STAT writes. The bill by Sen. Bill Cassidy (R-La.) would implement many restrictions backed by the pharmaceutical industry, such as allowing drugmakers to give hospitals retroactive rebates, instead of upfront discounts that hospitals prefer. Hospitals could insist on receiving discounts, but only if they pass them on to patients. They would also need to establish a sliding-fee scale for prescription drugs. The bill would also place restrictions on the contract pharmacies that hospitals use to administer the discounts.

Jeff Vacirca, a physician and leader of a prominent New York oncology group, is among the final candidates the Trump administration is considering to lead the FDA, Bloomberg News reports. Vacirca, who has a medical degree from St. George’s University, has served as the chief executive officer and chairman of New York Cancer & Blood Specialists since 2008. He co-founded and serves on the board of directors of OneOncology, a network of independent cancer care and urology practices, and is also a board member of Caris Life Sciences. Vacirca supported Robert F. Kennedy Jr. for health secretary after President Trump was elected to a second term in 2024.

Continue to STAT+ to read the full story…

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AP Photo: The onsemi corporate logo is displayed at the company’s headquarters as semiconductor components used in automotive, industrial and artificial intelligence applications are shown in the foreground.

onsemi and Synaptics Incorporated announced Thursday that they have signed a definitive agreement under which onsemi will acquire Synaptics in an all-stock transaction valued at approximately $7 billion, according to a joint statement released by the companies from Scottsdale, Arizona, and San Jose, California. The acquisition represents the largest deal in onsemi’s history and is designed to accelerate the company’s expansion into what it calls “Physical AI”—artificial intelligence embedded directly into machines, vehicles, robots and industrial equipment.

Wall Street gave the two companies sharply different reactions. onsemi shares fell about 6% following the announcement as investors weighed the cost of the acquisition, while Synaptics stock surged roughly 13% as shareholders welcomed the premium being offered. Under the agreement, Synaptics shareholders will receive 1.350 shares of onsemi common stock for each Synaptics share they own, representing approximately a 19% premium based on the companies’ combined ten-day volume-weighted average share prices. Once completed, Synaptics shareholders are expected to own roughly 12% of the combined company on a fully diluted basis.

Strategically, the acquisition fills a significant gap in onsemi’s technology portfolio. The Arizona-based company has long been known for manufacturing silicon carbide, power-management chips and advanced image sensors used primarily in electric vehicles and industrial equipment. Synaptics brings technologies that complement those strengths, including Edge AI computing, human-machine interface solutions, and wireless connectivity platforms used in consumer electronics, automotive systems and industrial devices.

The combined company will span what onsemi describes as the four pillars of Physical AI: Power, Sense, Connected Compute, and Control. Synaptics also contributes its Astra Edge AI platform, which includes specialized artificial intelligence processors and neural processing units capable of running sophisticated AI applications directly on devices without relying on cloud-based computing.

“This transaction would add immediate connected compute capabilities, expand our software and ecosystem reach, and position onsemi to deliver greater value as customers increasingly seek intelligent systems,” onsemi Chief Executive Officer Hassane El-Khoury said in the announcement.

Beyond technology, onsemi believes the acquisition substantially expands its long-term growth opportunity. The company estimates the transaction will increase its total addressable market by approximately $30 billion, bringing its potential market opportunity to roughly $243 billion by 2030. The combined business is expected to compete more aggressively in automotive electronics, industrial automation, robotics, autonomous vehicles, smart manufacturing, and augmented and virtual reality applications.

Financially, onsemi projects the acquisition will become accretive to adjusted earnings per share within approximately 18 months after closing. Company filings also outline plans to generate approximately $200 million in annual cost synergies through operational efficiencies and integration.

The acquisition remains subject to several approvals before it can close. Boards of directors at both companies have unanimously approved the agreement, but the transaction still requires approval from Synaptics shareholders, regulatory clearance in multiple jurisdictions, and satisfaction of customary closing conditions. The companies expect the deal to close during mid-2027. As part of the agreement, onsemi will also appoint one Synaptics representative to its board of directors following completion of the merger.

The announcement arrives amid an accelerating wave of consolidation across the semiconductor and artificial intelligence industries. Chipmakers and software companies increasingly are acquiring specialized AI technologies rather than developing every capability internally. Recent transactions across the sector reflect growing competition to offer complete AI hardware and software ecosystems capable of powering next-generation intelligent devices.

For investors and businesses, the significance extends beyond another semiconductor merger. The combined company aims to deliver AI processing directly inside automobiles, factory automation systems, industrial robots, medical equipment and consumer electronics. Unlike traditional cloud-based AI that relies on distant data centers, Edge AI processes information locally on the device itself, enabling faster response times, improved privacy, lower latency and greater reliability.

As artificial intelligence increasingly moves from cloud servers into physical products used every day, onsemi is making its largest strategic investment yet on the belief that the next major chapter of AI will be driven not only by data centers, but by the intelligent machines operating throughout the real world.

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New York
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Waymo, the self-driving unit owned by Alphabet, has registered a German company as it prepares to bring its driverless robotaxis to Europe, according to a company registration filing first reported by the German newspaper Frankfurter Allgemeine Zeitung and confirmed by Bloomberg on Thursday. The new entity, Waymo Germany GmbH, will “offer ride-hailing services with autonomous vehicles and provide services that support the commercial offering of such services by third parties,” the filing states.

The registration is a concrete, if early, step. Waymo Germany GmbH was incorporated on May 13 and entered into Munich’s commercial register on June 15, giving the company a formal legal presence in Germany for the first time, with Google’s Munich office listed as its business address. No timeline has been announced for when service might begin.

The paperwork came alongside the first signs of a real operation taking shape. German media reported job advertisements seeking test drivers and vehicle trainers for autonomous vehicles in Berlin and Munich, along with recruitment by mobility operator Transdev for an autonomous driving operations manager in Munich. Hiring people to sit in test vehicles in two cities is not the behavior of a company merely keeping its options open.

Waymo framed the move as part of a global push. “Waymo has global ambitions, with plans already underway to bring our fully autonomous ride-hailing service to London and Tokyo,” a spokesperson said, adding that the company is “engaging with officials around the world to explain our technology and lay the groundwork for global operations.” A Waymo executive said the company intends to launch in more than 20 cities in the near future, including London, Tokyo, Nashville, Denver, Las Vegas and New York City.

The company enters from a position of clear domestic strength. Waymo is the leading robotaxi provider in the United States, accounting for more than 500,000 autonomous trips per week across 11 cities. That scale is the foundation it hopes to export, though every market brings its own regulators, roads and politics.

The choice of Germany is pointed. Munich is BMW’s home city, Stuttgart, where Mercedes-Benz is based, is nearby, and Volkswagen’s software unit CARIAD has been trying to build an autonomous-driving stack for the VW Group’s brands. Walking into that market means competing on the home turf of some of the world’s most established automakers, companies that know German roads, regulators and politics intimately.

It is also a crowded field already. Germany has become a testing ground for robotaxi companies worldwide, including UK startup Wayve Technologies and Chinese firms Baidu and Beijing Momenta. Earlier this month, Uber announced a partnership with Tel Aviv-based Autobrains Technologies to launch a localized robotaxi pilot in Munich. Waymo is arriving as the competition thickens, not before it.

The path to actual rides will be deliberate. Before any launch, Waymo typically deploys a small fleet of human-supervised vehicles to map new surroundings and train its software, a process that can take months or years. The London launch, planned for 2026 with fleet services handled by Moove, is the public test of whether Waymo’s U.S. playbook travels; Germany is where the argument gets harder.

For consumers and the broader business world, the registration is a marker of how the autonomous-vehicle race is going global. The technology that has quietly become routine in Phoenix and San Francisco is now being prepared for European streets, and the company doing it is choosing to plant its first German flag in the automotive heartland. Whether Waymo can convince German regulators and win over riders in BMW’s backyard will help determine if driverless ride-hailing becomes a worldwide industry or stays a largely American one.

JBizNews Desk
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The number of articles published over the last week accusing Donald Trump of “betraying” Israel by signing an MoU and now entering negotiations with Iran deserves a serious conversation.

Not because criticism of the deal is illegitimate – there are real and troubling questions about what this agreement will mean for Iran’s nuclear program, its ballistic missile arsenal, the fate of the highly enriched uranium, and the regime’s continued sponsorship of Hezbollah and Hamas. 

Those concerns are justified. But the emotional reaction in Israel to what Trump has done reveals something deeper: an expectation that Trump’s actions regarding Iran were somehow about Israel.

It is as if everything Trump did over the past year and a half was understood through one lens and one lens only: Israel. It is as if none of it had to do with American national security, freedom of navigation, energy markets, regional stability, or the broader Western interest in preventing Iran from crossing the nuclear threshold. It was all supposedly done on behalf of one country and its 10 million citizens.

That is why the language being used now has become so overheated. Yediot Ahronot ran an op-ed titled “Trump betrayed Israel. Netanyahu must not blink.”

Israel Hayom published a piece under the headline, “You could have been the greatest president of all, but you failed.” On Channel 14, one of the leading anchors declared, “Trump betrayed the State of Israel. We won the war, and the US lost it.”

US prioritises its own interests

People are entitled to be angry about the deal and are entitled to believe that Trump stopped it prematurely and that the terms are too soft. But this sense of emotional betrayal – as if Trump owed Israel something and then broke a personal promise – is absurd. It reflects a fundamental misunderstanding of how alliances work, and of how American presidents make decisions.

Former defense minister Avigdor Lieberman put it well in an op-ed in The Wall Street Journal this week. He argued that while the deal may be bad, and while Israel will still need to do what is necessary to defend itself, there is no reason to come up with claims against the US. 

Washington, he explained, acts according to American interests, not Israeli ones. That should be obvious. But in the current atmosphere, it is worth repeating.

This matters because it helps explain what happened over the course of the war. When the joint campaign began on February 28, the interests of Israel and the United States were aligned almost completely.

Both countries wanted to strike Iran hard, degrade its military, damage its missile program, and try to topple a regime that had spent years destabilizing the region while racing toward nuclear power.

Once Iran effectively weaponized the Strait of Hormuz, though, the interests diverged. Trump’s focus shifted, and his priority was no longer regime change or even the degradation of Iran’s military. It became about reopening Hormuz, stabilizing energy markets, and ending a conflict that was taking too long and was becoming more expensive than he had imagined at the outset.

That was the moment Israel should have recognized that the two countries were no longer operating under the same interests. It should have understood that there was a divergence and that the mission now needed to shift to preserve operational gains and minimize the strategic damage of an eventual American decision to stop.

Instead, Israel appears to have kept pushing for more strikes and to keep trying to weaken the regime. The problem was that Trump was no longer there. He was looking for an exit ramp.

This is what makes the Israeli handling of the last phase of the war so perplexing. Two weeks ago, senior officials in the Prime Minister’s Office were still trying to downplay the tension with Washington.

They insisted there was no real divide, that relations had not changed, and that any disagreements were technical rather than substantive. That is obviously not the case. Officials in Washington are now speaking openly about growing frustration and anger with the Israeli side.

None of this should have been hard to predict. Trump was never built for long, drawn-out military adventures. He likes quick operations, dramatic shows of force, and clean endings he can easily sell as victories. He is far more comfortable with a Venezuela-style in-and-out strike than with a protracted regional campaign.

The immediate challenge is obvious. Israel has to ensure that whatever emerges from the deal does not erode its operational freedom, particularly in Lebanon. It has to prevent a situation in which a ceasefire there is dictated by Iran and then enforced by Trump.

But there is also a larger strategic question, and it is one Israel should already be asking: what opportunities exist now, precisely because the war is winding down and because the US is looking for a new regional framework?

One obvious place to start is I2U2 – the forum that brings together India, Israel, the United States, and the United Arab Emirates.

Established after the Abraham Accords, I2U2 was supposed to serve as a platform for joint economic, energy, and infrastructure initiatives linking South Asia, the Gulf, and Israel.

It never fulfilled its promise. But now, after the Hormuz crisis underscored just how vulnerable the region’s trade routes remain, it needs to be urgently revived.

At the center of that effort should be IMEC, the India-Middle East-Europe Corridor. The basic idea is straightforward: create a route for goods, energy, and commerce to move from India through the UAE, Saudi Arabia, Jordan, into Israel, and from there to the Mediterranean and Europe.

In other words, reduce dependence on choke-points like the Hormuz by creating a new economic route through the region.

This is exactly the kind of initiative Israel should be championing right now. It would increase Israel’s value to the US and the Gulf not only as a military partner, but as a logistical and economic hub. It would allow Israel to say that its role in the region is not just about fighting wars, but also includes building the infrastructure of a more connected Middle East.

And yet, there is still no one in the Israeli government actually in charge of it. Ask around, and you will get a different answer depending on the ministry.

There is someone at the Foreign Ministry, someone at the Transportation Ministry, someone at the Defense Ministry, someone at the National Security Council. Everyone is involved, which in Israel usually means no one is in charge.

That matters because IMEC is a massive bureaucratic, legal, logistical, and diplomatic undertaking.

If rail cargo enters Israel from Jordan through the Jordan Valley, who handles customs? Who is responsible for security screening? How does the cargo reach the ports? What tax regime applies? What regulatory framework governs transit? 

This requires a coordinator with the authority and mandate to bring the different ministries together, negotiate the bilateral and multilateral agreements that will be needed, and drive the project to execution.

There are other opportunities as well. Last year, the Azerbaijani company SOCAR bought a stake in Israel’s Tamar gas field, creating an important partnership linking Azerbaijan, the UAE, and Israel. Azerbaijan has long tried to play a mediating role between Israel and Turkey.

Before October 7, those efforts were beginning to bear fruit – Netanyahu met Erdogan on the sidelines of the UN General Assembly, Herzog visited Ankara, and there were plans for additional high-level meetings in Asia in the weeks that followed.

Since October 7, of course, Israeli-Turkish relations have reached new lows, and while they might seem lost, there may also be room for de-escalation. Economic interests have a way of reopening doors, and Azerbaijan – because of its ties to both countries and stake in Israel’s strategic gas field – could be uniquely positioned to help lower the temperature and eventually rebuild some channel of communication.

These are only two examples, but they point to the larger lesson. Israel cannot remain trapped in the language of betrayal. It cannot spend the next six months nursing grievances over what Trump did or did not do. What Israel needs now is a plan to preserve its freedom of action and to use the new regional situation not only to fight better wars, but to create a stronger strategic position for the years ahead.

The writer is a co-founder of the MEAD Forum, a senior fellow at the Jewish People Policy Institute, and former editor-in-chief of The Jerusalem Post. His latest book (with Amir Bohbot), While Israel Slept, is a bestseller in the United States.

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The European Commission is investigating Sanofi for allegedly breaching antitrust rules by running a “misleading” campaign that disparages the only rival flu vaccine recommended for vulnerable patients at risk for developing the illness.

In explaining its move, the EC maintained that Sanofi portrayed the Fluad vaccine marketed by CSL Seqirus as inferior to its own Efluelda vaccine in a communication campaign that primarily targeted health care professionals in Germany and France. Sanofi holds a dominant position in both countries, according to the EC.

Specifically, the campaign, which also purportedly contradicted national vaccine recommendations in several EU member states, suggested the evidence for using the CSL vaccine was weaker than for using the Sanofi vaccine. The Sanofi shot is specifically designed to provide greater protection against influenza for people over 60 years old.

Continue to STAT+ to read the full story…

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The 21st Century ROAD to Housing Act, hailed by industry leaders as the most significant housing legislation package in decades, would for the first time aggressively tackle the nation’s affordability crisis by targeting supply constraints rather than just demand.

Michael Merritt, BOK Financial‘s senior vice president of customer care and default mortgage servicing, told HousingWire the bill represents a “good start, but not everything.” He also noted that provisions addressing zoning and institutional investor activity could provide both immediate and long-term benefits for prospective homeowners.

Editor’s note: This conversation has been lightly edited for length and clarity.

Sarah Wolak: Many housing experts argue that the affordability crisis is ultimately a supply problem. Do you think that could be remedied by the ROAD to Housing Act, should it become law?

Michael Merritt: It’s important to really look at the full picture of housing affordability. I think most fixes for it have focused on the demand side, and that’s why we haven’t really seen huge gains. It’s got to be addressed on both the supply and demand side, and this is the great thing about what this this legislation can do.

It’s not perfect, but for the first time in a meaningful way, legislation really is looking at the supply side, and not just one part of the supply side. It’s looking at a variety of ways that you make that better.

This legislation, if it does get signed into law, really can start to help with affordability from that side. The interesting thing is that while there are some demand-side elements to it, it really kind of ignores the part that usually gets the focus. When you roll back right now, that’s probably the single biggest lever that’s impacting housing affordability — it’s that there are just not enough houses, and that’s really what’s driving prices up and putting affordable housing out of reach for huge parts of the population.

Wolak: How much hope is this housing package bringing to prospective homeowners? And realistically, post-passage, when do you think we would start to see its effects in real time?

Merritt: There is hope, especially in some markets that are impacted on different elements that this bill addresses. One of the biggest headline takeaways from this bill is the limit on institutional investors buying homes, which has gotten a lot of attention. But really, that is a pretty localized impact.

There are certain markets where that has driven prices up, but for the most part, that’s not a huge impact on overall housing. I think the pilots are what can really make a difference.

There are longer-term things where it gives a framework on zoning — which, in my opinion, is one of the most under-reviewed and under-talked about impacts on housing affordability. If you look at some of the most unaffordable housing areas in the country, it can be traced back to some very specific zoning frameworks that are used, so having a framework to impact that is a longer-term fix.

Some of the pilots on smaller-balance HUD loans, those are things that can be longer term, so I think the design was to give some immediate relief and then other things that are going to improve over decades. We didn’t get into the mess overnight, so it’s not like we can fix it overnight.

Wolak: You mentioned some provisions that are designed to curb the influence of large institutional investors, and you said that has more of a localized impact. How significant would these changes be on a localized level?

Merritt: In certain metro areas, you usually see the bigger impact from some of the institutional investors. You’re facing limited supply today, and you have people who can come in with cash offers. When they find neighborhoods where the economics make sense to invest, and maybe it’s a strong rental market, they can come in and push out your everyday homebuyer who has to get financing and probably has a hard cap on what they’re approved for.

A large institutional investor could come in and buy every house in a ZIP code with cash. So it puts pressure on homebuyers in some of those markets. They have to go right at the asking price or slightly above it to make sure they get those homes. It puts a lot of pressure on everyone in that area.

Again, that’s not something every market faces, but real estate is local. If you’re in one of those markets, that provision of the bill could give immediate relief and put those limits in place.

You can argue whether it went far enough. What is a large institutional investor? The initial bill had a lower number that would qualify. I think they landed on the right number, but there are still ways larger companies can get around that with different LLCs and things like that.

Wolak: What additional steps beyond this legislation do you think are needed to make homeownership more attainable?

Merritt: One is zoning. I’m not a proponent of federal intervention at the local level for the most part, but zoning is an area where they could have been a little firmer in setting limits and priorities.

Having a framework that can be applied across the country is a great first step, but it’s an area that needs more attention and more focus at the state level, where states adopt some of these same frameworks. That would create more consistent regulatory and efficiency standards and help balance what it costs to build in some states. You could have some relief there.

Housing is the bedrock of the American dream and the American economy. One of the things impacting affordability is the cost of capital. You’re looking at a 30-year loan at fairly low margins, so they could have explored ways to provide relief on the demand side because the cost of capital impacts rates. You could have some form of subsidy to help make that more affordable for Americans.

While there were some pilots targeted at some of the lowest-income borrowers, they didn’t really have a true low-income focus. I think that was another area where they could have added additional pilots.

When you do a pilot, it has to prove that it works, so you’re not signing up for something that’s going to be law for 50 years. You can say, “HUD, we want you to do this additional pilot. We’ve looked at lower-balance loans. Now we want to look at something else for lower-income borrowers.”

The opportunity to see data and results in different communities — and across different borrower groups — could have provided useful information about the next major piece of legislation that should be rolled out. So again, it’s a good start, but there were definitely opportunities where they could have gone further or thought more outside the box.

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Microsoft Chief Executive Satya Nadella warned that a small group of powerful artificial intelligence companies could end up capturing most of the wealth the technology creates, hollowing out entire industries along the way. He laid out the argument in an essay posted June 14 on X and expanded on it in a new interview published over the weekend.

The warning is striking because Nadella runs one of the very giants he is describing. Microsoft is worth around $3 trillion, is one of the largest backers of OpenAI, and sits near the center of the AI boom.

His core worry is about concentration, not technology. If only a few AI models end up holding all the value, Nadella argued, ordinary businesses across every sector will quietly hand over the expertise they spent decades building. He titled his essay “A frontier without an ecosystem is not stable” and said there is no societal permission for an AI future that guts whole industries.

To make the danger concrete, he reached for a comparison most people lived through. The first wave of globalization, he wrote, made the top-line economic numbers look fine while it hollowed out factory towns through outsourcing. The damage was real and is still being felt. His fear is that AI could do the same thing, only faster, with a few systems soaking up the returns while everyone else loses their edge.

Nadella’s proposed fix is for companies to keep control of their own knowledge. Instead of pouring their data and judgment into someone else’s model and getting commoditized, he said firms should build their own “learning loops” that lock in what makes them special. He splits a company’s worth into two parts: human capital, meaning the experience of its people, and what he calls “token capital,” meaning its own in-house AI capability. The goal is to be able to swap out the underlying model without losing the company-veteran know-how built on top of it.

He was blunt about jobs. Nadella criticized executives who treat AI mainly as a way to cut costs by eliminating positions. His preferred approach is to reorganize the work instead. He acknowledged it would mean real disruption and change, but insisted there is a path that keeps people central rather than discarding them.

There is also a hard business strategy underneath the philosophy. Microsoft has fallen behind rivals in building the most advanced models. In the second half of 2025, many Copilot users drifted toward other options such as Google’s Gemini. Without a clear lead in frontier models, Microsoft is using its deep pockets to push in the opposite direction, turning models into cheap, interchangeable commodities.

That helps explain a move now under discussion. Microsoft is weighing whether to offer a version of DeepSeek, an ultralow-cost AI provider based in China, on its Copilot platform. Such a step would boost the Chinese model-maker and could come at the expense of OpenAI and Anthropic, which have accused DeepSeek of copying their top models and now face the prospect of a long price war. A Microsoft spokesman said the company would keep nurturing its partnerships with both and that Nadella’s call for an AI reset is not a zero-sum game.

Not everyone takes the warning at face value. Microsoft is under antitrust scrutiny in both the United States and Europe, partly over whether its huge investment in OpenAI amounts to a quiet takeover. Google is fighting a landmark search monopoly ruling, and Amazon faces questions about its cloud dominance. Skeptics note that an AI giant calling for guardrails can be a smart way to shape regulation it would otherwise have to simply obey.

For everyday businesses and workers, the stakes are easy to see. Companies that lean entirely on outside AI tools risk cutting staff in the roles those tools can do, while the value those workers once created flows up to the AI providers. The competing pitch from Nadella is that firms can use AI and still keep their own knowledge, their own people and their own profits.

Other voices in the industry have framed the same shift differently. Anthropic Chief Executive Dario Amodei has warned that AI could wipe out half of entry-level office jobs within a few years. OpenAI Chief Executive Sam Altman also predicted heavy job losses, then said recently he was glad to have been wrong so far.

Here is the plain bottom line. Nadella, sitting atop a $3 trillion company, is making the case that the AI economy should spread its rewards rather than funnel them to a few winners. Whether he means it will show up in the specifics: how Microsoft prices its tools, what rules it lobbies for, and whether it makes switching away from its own products easy or hard.

JBizNews Desk | New York

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GDX – Global Data Exchange and the International MLS Forum (IMLSF) have appointed Bill Gaul as their official ambassador for new construction and builder data, the organizations announced.

Gaul has decades of experience in real estate technology, MLS innovation and data-focused products for the new-home sector. He is the CEO of Builders Update, a new construction data platform focused on how inventory is shared and accessed by real estate professionals. Under his leadership, Builders Update has positioned itself as a connector between builders, MLSs, brokers and agents around new construction listings and data.

In addition to his work at Builders Update, Gaul chairs the RESO Data Dictionary New Construction Subcommittee, a technical standards role that targets one of the more fragmented areas in residential real estate data. The subcommittee works on structured new construction data and aims to improve visibility, accuracy and consistency of builder inventory across MLSs and markets.

In the ambassador role, Gaul is expected to help GDX and IMLSF coordinate with builders, MLS organizations, standards bodies, brokerages and technology companies on how new construction information flows through listing systems and into global demand channels.

The groups said the appointment aligns with a broader agenda that includes expanding global market access for real estate professionals, strengthening standards-based interoperability and improving transparency around new-home inventory.

For brokers, MLS executives and technology vendors, the move underscores the growing focus on standardized, shareable builder and new-home data as a distinct asset class within residential real estate. Better-structured new construction data can affect how buyer agents search, how portals display inventory, how builders manage pipeline visibility and how cross-border demand is captured.

The organizations said their ongoing priorities include expanding global access to listings data, improving accessibility of new construction inventory, supporting trusted international collaboration and preserving local governance through a federated data model.

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New York City Mayor Zohran Mamdani delivered on a key campaign promise to freeze rents for many residents.

The Rent Guidelines Board gave him what he sought last night. It froze rents on one-year leases and, for the first time, two-year leases in rent-stabilized apartments. Those units make up roughly 41% of the city’s apartment stock.

“This is a historic victory for New York City tenants,” Mamdani said in a statement. “This is the relief that working people across our city deserve.”

Mamdani campaigned on stronger tenant protections, and the board’s decision gives apartment tenants short-term relief. But it could deepen a crisis already straining the city’s housing supply.

A 2019 state law that strengthened rent stabilization statewide unintentionally took units off the market and has drawn lawsuits. Affordability also depends on preserving what already exists.

Realtor.com senior economist Jake Krimmel said landlords are already dealing with higher energy, insurance and property tax costs.

“Frozen revenues against rising costs is a math problem,” Krimmel said. “Should buildings go underwater operationally, the first casualties are maintenance, capital improvements and vacant units that get held off market rather than re-rented at a loss.”

Vacant units pile up

Thousands of rent-stabilized apartments already sit empty across New York City. Under the 2019 rent stabilization law, rent increases are capped at 3% to 4.5% when a tenant renews or a unit turns over. That limit makes it difficult for landlords to recoup renovation costs before re-renting a vacant apartment.

Census data cited in a federal lawsuit filed last November show at least 26,000 rent-stabilized units were vacant and unavailable to renters. Other estimates put the number closer to 100,000.

A group of New York City landlords sued the state in federal court in November over the 2019 law. They are not challenging rent stabilization for existing tenants. Instead, they argue the law unconstitutionally prevents landlords from charging market rent on vacant, renovated units.

Mamdani’s balancing act

When Mamdani was elected, New York City voters also approved charter amendments in November to speed up affordable housing development.

His administration has celebrated wins on accelerated developments that include affordable housing units. But those units won’t enter the market for two to three years because of construction timelines. The housing push also includes accessory dwelling units that have shorter completion timelines.

A favorable ruling in the landlord lawsuit could unlock thousands of vacant units, although they would no longer be rent-stabilized. Apartment industry economists who have argued against rent stabilization say additional supply alone will hold rent prices in check. Legal analysts give the lawsuit better odds than previous U.S. Supreme Court challenges because it is narrowly focused on vacant units.

“New York needs housing for the future,” Krimmel said, adding that it must come through both new construction and the responsible preservation and modernization of buildings already standing. “Right now, the cost side of that equation is rising faster than either tenants or owners can absorb.”

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The fragmented lower house of the Spanish parliament on Thursday passed a non-binding resolution urging Prime Minister Pedro Sanchez to resign due to a slew of corruption scandals hounding his center-left Socialist Party and inner circle.

A separate article urged Sanchez to submit to a motion of confidence if he does not call a snap election. The opposition can submit a motion of no confidence, but it has so far abstained from doing so as it lacks the required votes to pass it.

Only Sanchez has the power to decide whether there is a motion of confidence, and on Wednesday Sanchez again told parliament he planned to stay on as premier, denying widespread corruption.

The motion says the mounting number of investigations into corruption cases involving political figures appointed and directly supported by Sanchez requires that he take responsibility by resigning.

Junts joins opposition in symbolic rebuke of Sanchez

Supporting the resolution were the main opposition People’s Party (PP), their far-right allies Vox, as well as the pro-Catalan independence party Junts, which traditionally opposes the two unionist parties.

Junts’ support was instrumental in allowing Sanchez to win another term as premier in 2023, but Junts announced last October it would no longer back the government’s legislation.

Justice Minister Felix Bolaños dismissed the vote as purely symbolic, with “zero political effect.”

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Treatment of a 2,700-year-old standing stone at Tel Eton, located east of Hebron, may provide evidence for the biblical King Hezekiah’s debated religious reforms, according to a new study.

Hezekiah is described as having implemented sweeping religious reforms across his kingdom, including eliminating local places of worship and centralizing religious activity in Jerusalem.

Despite the biblical accounts, scholars have long since debated if the reforms’ descriptions are accurate or if they reflected a later ideological shift in perspective. 

While most discussions of Hezekiah’s reform have focused on the remains of temples and public spaces of worship, Professor Avraham Faust of Bar-Ilan University’s General History Department focuses the discussion to how religious change affected the everyday, personal life.

The stone, known also as a massebah, was discovered during excavations of the ancient Judean settlement, inside a large residence named by archaeologists as “Building 101,” or the Governor’s Residency.

No obvious practical purpose

Standing at approximately 1.4 meters high and weighing 750 kilograms, the stone was set in the building’s largest room, directly opposite the entrance to remain visible to any passerby.

However, as the stone served no obvious practical purpose, and since standing stones in the ancient near East have often been found in relation to ritualistic activities, archaeologists assumed it to be religious in nature.

“The location of the stone suggests that it played an important role in the lives of the building’s occupants,” explained Faust.

Later though, before the destruction of Tel Eton by the Assyrian Empire in the late eighth century BCE, the stone was moved. Rather than displaying it in a place of prominence, residents of the ancient settlement laid it on its side and incorporated it into a stone platform.

Notably, researchers did not identify evidence that the stone had been damaged during the shift in position or otherwise – a distinction that is highly significant, Faust argues.

“Those responsible for changing religious practices may have wished to eliminate the stone’s ritual function, and perhaps wanted the old ritual objects desecrated, but the people who carried out the change seem to have treated it with respect,” he said. “They removed it from use without destroying it, effectively neutralizing its cultic significance while preserving the object itself.”

Discussion of ancient Judean religion must move to the personal sphere

It is important to note that while Faust does not claim evidence that the stone was decommissioned under Hezekiah’s reforms, he does argue that the find “aligns well with other archaeological evidence from the same period” and strengthens the possibility of active religious reform.

Further, he emphasizes that in order to understand ancient Judean religious development, historians and archaeologists must look past the official public cultic spaces and into more personal, non-ritual spaces for evidence that may have been previously overlooked.

“Finally, I would like to reiterate that the above discussion calls for the shift of scholarly focus from the study of cultic buildings to the investigation of domestic contexts,” Fuast wrote in the study. “Given the paucity of Iron Age Israelite temples, such a move appears essential.”

“Hopefully, more attention will be given to the architectural history of structures and, subsequently, more evidence will be brought to light also about changes to cultic practices in domestic contexts, even when cultic objects have been removed due to the reform.”

The study, titled “Hezekiah’s Reform? A View from Tel ‘Eton on the Religious Development in Judah”, was published in June 2026 in the Jerusalem Journal of Archaeology.

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In my teen years in London, which coincided with the wave of Palestinian terrorism of the 1970s, I had a poster on my bedroom wall. At first glance, the image looked like a packet of ring-shaped POLO mints – whose advertising slogan was “The mint with a hole.” On my poster, the brand name was replaced with the letters “PLO” and the wording read: “Mints look good with holes in them, people don’t,” accompanied by a call to ban Yasser Arafat’s murderous terrorist organization.

The world and I have now reached the age when social and political messages are found on social media walls rather than bedroom walls, so I’m thinking of creating a meme inspired by that poster: Instead of mints, I would have a block of Swiss cheese with the slogan: “Cheese looks good with holes in it, peace deals don’t.”

Signed unceremoniously last week in Lucerne, Switzerland, the Memorandum of Understanding between the US and the Islamic Republic of Iran created fallout that continues to be felt in the Middle East and beyond. The lakeside backdrop to the talks and signing ceremony looked calm and placid. Looks, as we know, can be deceiving. So can smiles and promises. The holes might swallow us up.

The deal is as kosher as a Swiss cheese and ham sandwich. Iran is calling the shots. Instead of protecting Israel from terrorists in Lebanon, it protects terrorists in Lebanon from Israel and the Lebanese government; instead of weakening Iran, it strengthens the Islamic Republic; instead of defending the West from a radical jihadist regime, it saves the leadership from defeat – and provides it with billions of dollars to rebuild its global terrorist network.

It seems US Vice President JD Vance, the main name behind the deal, forgot that it is the loser who is meant to accept defeat, not the victor.

With Qatar and Pakistan theoretically representing Lebanese interests, and the US team – including Jared Kushner and Steve Witkoff – representing Israel, the main parties affected were deliberately left out of the negotiations. I wondered whether the situation might have been different had not the prime minister’s trusted adviser Ron Dermer, who knew his way around Washington, recently retired from public life.

I SPENT part of this week at the JNS International Policy Summit held at the Waldorf Astoria in Jerusalem. Speaker after speaker stressed the necessity of dismantling radical ideologies; creating defensible borders; strengthening Israeli and Jewish identity; fighting antisemitism; being more proactive in tackling the bias in international courts and international organizations; protecting US-Israel ties; fostering the relationship between Jews and Christians; and the need to expose false narratives about Israel.

Among the proposals was the creation of a unified body to deal with “Narrative warfare” – “The Eighth Front.” Special Envoy for Trade and Innovation at the Foreign Ministry Fleur Hassan-Nahoum said: “The main problem is that the government of Israel has not yet realized that we are in a hybrid warfare. There is also the narrative war, which unfortunately, nobody has decided… should be part of a national security doctrine. All we have are many disjointed solutions, most coming from the bottom up.”

She stressed the need to treat “narrative warfare” as a serious strategic challenge following the Iranian-funded, Hamas-led October 7, 2023, invasion and massacre of some 1,200 people and abduction to Gaza of 251.

In general, there was agreement to continue the shift seen post-October 7 – to judge an enemy by its capabilities.

When Lt. Col. (res.) Sarit Zehavi, founder of the Alma Research and Education Center, co-hosted a panel with Dan Diker on regional security, and spoke about “defensible borders,” she was talking about something very close to home. The Hezbollah tunnels discovered in recent days are just a few miles from the Israeli border community where she lives with her family.

Military analyst and author Yaakov Lappin noted that the MoU is the big test of Israel’s security doctrine and that the security doctrine must be non-negotiable, “and not let jihadists build terrorist capabilities.”

Geneva-based UN Watch executive director Hillel Neuer said his organization will act for the indictment of Philippe Lazzarini, the outgoing commissioner-general of UNRWA, when his term ends shortly. Neuer accused UNRWA under Lazzarini of playing a role in enabling and perpetuating Hamas terrorism, including on October 7 and the aftermath, regarding the hostages held in Gaza, for instance.

In a forum on “Justice and Accountability,” Arnold Roth stressed that second word, “accountability.” It has been 25 long years since his 15-year-old daughter, Malki, a US citizen, was murdered along with 15 others, including six other children, in the Sbarro pizzeria bombing in August 2001. 

Ahlam Tamimi lives freely in Jordan

Ahlam Tamimi, the woman behind the bombing, is living freely in Jordan despite this being a violation of the Hashemite Kingdom’s cornerstone 1995 treaty with the US. Roth and his wife seek support for their call to US Secretary of State Marco Rubio to press Jordan into compliance with the treaty, so that Tamimi can stand trial in Washington on terror charges issued there in 2013.

As often is the case in such conferences, it was the new and unexpected that stood out. Ambassador and Columbia University professor Michael Shlomi called for “cultural intelligence,” sadly lacking in the events surrounding the MoU. He noted that Vance arrived at the room in Lucerne, where the “peace talks” were held, 30 minutes before the Iranian team. The US lost its standing as its team sat around waiting. The fate of Israel and the region is being determined in Washington and European cities where they literally don’t understand the language and culture of the Middle East, he noted.

During a panel on the challenges facing Israeli democracy, Efrat Last, a speech therapist by training and director of international relations at Netsach Israel, a right-leaning leadership NGO, had some important words to say. She described treating a Jewish teenager who was not familiar with the Hebrew word “chazan” (the cantor who leads prayers), and hadn’t heard of the “Shema,” the prayer which serves as a declaration of Jewish faith.

“Democracy isn’t merely a set of procedures. At its core, it’s a national self-determination, but this requires a ‘self.’ A people must know who it is before it can govern itself,” she said.

Media attention and public concern focus on the lack of education in the “core subjects” in Israeli ultra-Orthodox schools, where, in many cases, the graduates are not equipped to work in the modern world. However, many secular schoolchildren are graduating without knowing the basics of their own religion and history, and without a fundamental understanding of who they are.

The dominant narrative presents Israelis as “colonizers” rather than the indigenous people whose ancestors prayed in Hebrew in Jerusalem before other monotheistic religions had been born. Knowing who we are and why we’re here is essential for our survival. Knowing your own culture is the intelligent thing to do.

THE SITUATION is not all bleak; the fallout from the Iran deal could create new opportunities and alliances. Israel is the only Jewish state, but it is not the only country worried about the boost Iran has just received. This could be a time of strengthening ties with the Abraham Accords countries and expanding the 2020 agreement to new members. India, concerned about Pakistan’s extraordinary new elevated status as mediator, might also be open to furthering the already strong bonds with Israel.

The nascent Isaac Accords, drawn up by Prime Minister Benjamin Netanyahu and Argentina’s President Javier Milei, with US mediation, could also take on new members in South America, where a wave of more conservative governments is coming into power, including this week in Colombia.

I would not look to the leadership change in the UK for salvation.

Nice words alone, in Switzerland or anywhere else, will not bring security. Only getting rid of the jihadist regime in Tehran and removing the terrorist threat of its proxies can do that. 

The world needs to wake up and realize the dangers if a future deal leaves as many holes as the Swiss cheese MoU – the nature of terrorism is to fill the vacuum. The holes aren’t empty threats.

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Throughout history, the Jewish people have often been a common target of the nations of the world. Time and again, deep rivalries and longstanding disputes were set aside when an opportunity arose to act against the Jews.

This phenomenon finds striking expression in this week’s Torah portion. The Torah describes an unusual alliance between two rival nations – Moab and Midian – which united out of fear of the growing strength of the people of Israel. The midrash highlights the extraordinary nature of this partnership:

“The elders of Moab and the elders of Midian went together” (Numbers 22:7). They had never before made peace with one another, as it is written, “who defeated Midian in the territory of Moab” (Genesis 36:35). Yet when they came to fight against Israel, they made peace with one another.

As part of this scheme, Balak, son of Zippor, king of Moab, turned to Balaam, son of Beor – Midian’s leading religious figure, who held the highest status of a “prophet” among the nations of the world. Balak expressed his fear of Israel’s growing power and asked Balaam to use his spiritual influence to curse the nation and bring about its downfall.

God warns Balaam not to curse Israel

The story then takes an unexpected turn. God warns Balaam not to curse Israel. Even when he is ultimately permitted to accompany Balak’s emissaries, he is told that he may speak only the words placed in his mouth from Heaven. Unaware of this limitation, Balak leads Balaam to various vantage points overlooking the Israelite camp in the wilderness, hoping he will pronounce his curse from there. Yet time after time, blessings emerge from Balaam’s mouth instead of curses.

Our sages teach in Tractate Ta’anit (20a) that even when a wicked person offers a blessing, it is not necessarily a simple blessing, for additional meanings may be hidden within his words. Balak, however, does not understand this. He becomes furious: he hired Balaam to curse, yet Balaam keeps blessing. Eventually, they part ways, and each returns home.

The climax comes when Balaam gazes upon the camp of Israel, and his perspective suddenly changes. As the Torah states:

“Balaam raised his eyes and saw Israel dwelling according to its tribes, and the spirit of God came upon him” (Numbers 24:2).

What exactly did he see that brought about such a profound transformation?

Rabbi Shlomo Yitzchaki – Rashi – explains:

“He sought to cast an evil eye upon them, but he saw that each tribe dwelt separately and was not intermixed. He saw that their tent openings did not face one another, so that one could not peer into his neighbor’s tent. It entered his heart not to curse them.”

This admiration gave rise to one of the most famous statements ever made about the Jewish people:

“How goodly are your tents, O Jacob, your dwelling places, O Israel” (Numbers 24:5).

Behind these words lies a profound moral principle. The people of Israel were encamped in the wilderness – millions of individuals gathered in a relatively small area – yet the camp was arranged so that the entrances of the tents did not face one another. The message was simple: a person does not intrude into the life of his neighbor. Every family retained its own space, dignity, and privacy. This outlook places human dignity at the center and teaches that modesty and discretion are the foundation of communal life.

Ironically, this was what impressed Balaam more than anything else. He came from a world where curiosity about others, constant comparison, gossip, and preoccupation with other people’s lives were an integral part of reality. Before him stood a nation that had succeeded in building a society based on mutual respect and modesty.

Balaam understood that a nation that places human dignity at the center of its values – whose people neither intrude upon one another’s lives nor turn their private lives into a public spectacle – is a model society. Such a people should not be cursed; on the contrary, they deserve to be blessed, so that many nations may adopt their values and follow their example.

This message is especially relevant in our own era. The modern world provides unprecedented access to the lives of others. Gossip columns and an endless stream of digital information have made the personal lives of many people public property. At times, it seems that curiosity has overtaken the right to privacy, and that intruding into another person’s space has become entirely acceptable.

In contrast, Jewish tradition presents a different vision. It values personal modesty and meaningful inner growth that is not displayed for public attention. Such conduct is fitting for a people who serve God rather than the people around them.

These subtle patterns of behavior are becoming increasingly rare in today’s world. They may sometimes seem like manners from a bygone age. Yet if even the wicked Balaam was compelled to acknowledge the beauty of this way of life and bestow his blessing upon it, that itself testifies to its power and value.

It is a timeless message: a society that respects personal privacy and cultivates modesty, sensitivity, and consideration for others is a healthier, nobler, and more moral society. We must safeguard these values with great care, and in doing so merit the fulfillment of the blessing: “How goodly are your tents, O Jacob.” ■

The writer is rabbi of the Western Wall and Holy Sites.

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Polestar, the Swedish electric-vehicle maker, said Thursday that the U.S. Department of Commerce declined to grant it authorization to sell cars in the United States from the 2027 model year onward, a decision that effectively pushes the brand out of the American market. The Bureau of Industry and Security, part of the Commerce Department, made the determination under the current Connected Vehicle Rule.

The reason is ownership, not geography. Polestar is majority-owned by Geely, the Chinese automotive group that also controls Volvo Cars, and that connection is what triggered the rule, regardless of where the vehicles are built. The rule, finalized in January 2025, bans connected vehicles with a “sufficient nexus” to China or Russia from the U.S. market, with software prohibitions taking effect for the 2027 model year and hardware restrictions following in 2030.

The irony is hard to miss given where the cars are made. The Polestar 3 is built at Volvo’s plant in Charleston, South Carolina, while the Polestar 4 is assembled in Busan, South Korea—neither of them in China. A vehicle assembled by American workers in the Carolinas is being shut out of its home market because of who owns the company upstream.

Sharpening the contrast, a sister brand under the same parent was treated differently. Volvo, also owned by Geely, was granted authorization to keep selling connected vehicles in the U.S. Volvo operates as a separately listed, more established automaker with a larger U.S. footprint, while Polestar is more tightly entangled with Geely’s broader structure and shares vehicle platforms and software with Geely brands. Same parent, opposite outcome.

The official rationale is national security. The Bureau of Industry and Security has said certain connected vehicles and related hardware and software made in China or Russia pose national security risks because companies from those countries may be compelled to share data or allow remote access to vehicles in the United States. The rule reaches broadly across modern car technology, covering telematics, cameras, microphones, GPS, Bluetooth, cellular modules and automated-driving software across gas, hybrid and electric vehicles alike.

Polestar is not leaving its current owners stranded. A company spokesperson said Polestar will continue to sell current stock and that from the 2027 model year onward it will stop marketing and selling cars in the U.S., while existing owners keep the same access to service stations and customer support. The company emphasized that all existing warranties remain in effect and will be honored.

The market reaction was swift. Polestar shares fell more than 13% in midday trading. The business was already under strain before the ruling. Polestar posted a record 2025 with more than 60,000 cars sold and revenue above $3 billion, along with a record first quarter of 13,126 deliveries, but its gross margin swung to negative 3.2% in the first quarter from a positive 10.3% a year earlier because of pricing pressure, tariffs and product mix. U.S. sales had already shrunk to roughly 5,400 vehicles last year from 13,000 the year before.

The company is pivoting hard toward Europe. “The automotive industry is entering a new phase, based on regional dynamics,” CEO Michael Lohscheller said, calling Europe the company’s largest growth engine and pointing to plans to build the upcoming Polestar 7 SUV there, along with growth markets in Southeast Asia, Eastern Europe, Latin America and Canada.

The implications stretch well beyond one brand. The rule has now shown it can wall off a Swedish-branded, partly U.S.-built EV purely on the basis of Chinese ownership upstream, a clear signal to every automaker with Chinese capital or a Chinese technology stack in its supply chain. Both Buick and Lincoln are awaiting approval for popular China-made models, and the Polestar decision raises the prospect that they may not get it. For American consumers, the immediate effect is fewer EV choices and added uncertainty for current Polestar owners around resale values and future parts. The decision marks one of the most concrete steps yet in Washington’s push to wall off Chinese-linked vehicles while building up domestic carmaking.

JBizNews Desk
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The IDF Southern Command is preparing for violent demonstrations and riots along the Gaza Strip’s Yellow Line this coming Friday, Walla. learned on Wednesday. 

The preparations began after word spread in recent weeks that Arabic-language social media pages identified with Fatah had launched a campaign calling for protests against Hamas on Friday.

Various Palestinian spokesmen said the protest was focused on the harsh living conditions in the Gaza Strip, but also on the delay in advancing the second phase of the agreement, which includes rebuilding homes and infrastructure and ending the fighting, while placing the blame on Hamas’s leadership.

A repeat of the unrest at the fence, only without a fence. Senior Hamas figures identified the campaign against them, some of it being run by Fatah activists from the West Bank, and acted on two fronts.

The first was the execution of collaborators, involving public violence and abuse, to deter the public from rising up. The second was the launch of a counter-campaign, encouraging calls to hold demonstrations in the Gaza Strip against Israel, and even against US envoy to the peace government Nikolai Maladinov, because of the failure of talks between Hamas and the US mediated by him.

In the past, Hamas used the same method of killing and abusing Palestinians. Trump warned Hamas against doing so, and the terror group stopped. But now, because the Gaza Strip is no longer a focus for the White House, Hamas security mechanisms are operating without fear.

IDF estimates that Hamas will push Gazan protests near Yellow Line 

According to assessments in Southern Command, the most likely scenario is that Hamas will try to push the protests from the center of Gaza City toward the Yellow Line, only this time, unlike 2017 to 2019, there is no fence.

According to military officials, the campaign is receiving broad attention on social media and is also becoming part of public discourse among residents of Gaza, unlike previous campaigns.

Military officials said they are not yet able to assess the public response to the demonstrations, but said that over the past month, there have been friction incidents on the Yellow Line, and IDF forces have not rushed to open fire because they feared the people involved were civilians.

“The sequence of events is reminiscent of the events in 2017,” said a military source from Southern Command.

“Sinwar led the internal protests against Hamas toward the fence in order to exhaust the IDF, get it used to friction, and lead the political leadership in Jerusalem to an arrangement.” As a result, the IDF intends to reinforce forces in line with the situation assessment.

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Chetz (Arrow), a dog from Ness Ziona who was severely wounded in an Iranian missile strike during Operation Rising Lion, has spent the past year recovering with his family by his side.

In June of 2025, an Iranian missile struck the Levi family’s next-door neighbors, and Eran found his family’s beloved dog sprawled out and badly injured in the yard, with broken limbs and shrapnel embedded in his body.

“I thought he was finished,” Eran told Mako.

The team at the University Veterinary Hospital Beit Dagan in Rishon Lezion worked alongside Chetz for the full duration of recovery, and the lead vet even brought him home part of the time to oversee his treatment during the nights

“There was no real choice,” Dr. Talia Adler told Mako, “I couldn’t not help him.”

Chetz had to have his stomach opened in order to ensure every bit of shrapnel was removed, and had to be treated for four broken limbs.

Chetz wanted to live, and the vets wanted to help him

“At first, I’d have given him a low chance [of survival], but the more I got to know him, I saw he wanted to. He wants to live, he wants to fight. So let’s give him that chance,” Adler said.

Chetz went through half a dozen surgeries, with the city of Ness Ziona assisting partially with medical costs due to the dog being a victim of the war.

With Chetz having three legs, only two of which were functional, the Levi family turned to the 4 Legs Project for help.

The organization fitted him with a plastic brace that allows him to put weight on the third leg while preventing movement, allowing him to walk

“This dog is a fighter, he didn’t give up,” Eran said.

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Several police documents on the security for the October 7, 2023, Nova music festival have been deleted from the Israel Police computer system, KAN News reported on Thursday.

The documents were deleted sometime in January 2024, and it is unknown who removed them and whether copies still exist.

In screenshots shared by KAN, the list of police documents related to the Nova music festival begins on September 6, 2023, with Magen David Adom’s approval for the event. A day later, a document was filed formally requesting permission to host the party.

Throughout the remainder of the time leading up to the Nova festival, documents detailing security plans for the event were submitted, including those from law enforcement and fire brigades.

Documents on Nova festival filed after Gaza war started

However, KAN revealed that at least 20 documents were removed from the system, including files labeled as “Event requirements.” The documents had been submitted to the police computer system beginning on September 20, with some submitted on October 5 (the day the festival began) and on October 13 and 29 (after the war began).

“The information presented in the report indicates a fundamental lack of understanding in the police system,” the police responded to the report.

“Its entire purpose is to cast blame on the activities of the police, while its police officers and commanders are the ones who saved the State of Israel from the expansion of the massacre and saved many citizens at the risk of their lives and the loss of 58 police officers and fighters.”

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