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As we enter Rosh Hashanah, I want to share something personal.

Google DeepMind has now mapped predictions for roughly nine billion possible single-letter changes in human DNA. Think about that: nine billion possible changes inside one human genome, each potentially affecting something different in the body.

A scientist can spend a lifetime trying to understand one tiny part of one gene, one atom or one biological process, and we rightly call that brilliance. Entire generations can spend decades and centuries collectively trying to understand just one small piece of what was already there before any of us arrived.

Now look at what already exists.

The human body. The brain. DNA. Trees. Flowers. Oceans. Animals. Gravity. Light. The laws that hold the universe together.

Billions upon billions of systems and wonders, all working with a depth and precision mankind is still struggling to understand.

Recently, scientists at CERN created what they called a “little Big Bang,” using one of the most advanced scientific facilities on earth, decades of research, extraordinary engineering and enormous energy just to reproduce for a fraction of a second one tiny condition they believe existed near the beginning of the universe.

And somehow that is supposed to make God less obvious?

To me, it does exactly the opposite.

If I dropped a brand-new Rolls-Royce in front of your house tomorrow and told you nobody designed it — there was just a huge explosion and somehow the engine, computer, leather, wheels, wiring and every screw landed exactly where they belonged — you would look at me like I had lost my mind.

You would say: Someone made this.

Yet a Rolls-Royce is nothing compared with a human body.

The car cannot heal itself. It cannot grow from a single cell. It cannot reproduce. It cannot think, love, remember, see, hear or repair its own DNA.

Science is not the enemy of faith. Science keeps opening our eyes.

Every discovery reveals another layer of Creation that was already there before we knew how to see it.

And maybe that is really the message.

We do not have to look very far to find God.

We just have to open our eyes.

My grandfather was a Holocaust survivor. He lost his family. He went through the camps. Six million Jews were murdered. He saw horrors no human being should ever have to see.

People asked him directly: After everything you went through, how can you still believe in God? Where was God?

His answer was simple.

He said: I look at the grass. I look at the trees. I see God. How could there not be a God?

He had questions. Of course he had questions. He had lived through terror and hell. He had seen suffering beyond anything most of us can imagine. He did not pretend to understand why.

But the questions did not erase what he saw in front of him.

Creation was still there.

God was still there.

For him, the grass and the trees were enough to say: I see the Creator.

And now it is our turn.

We live in a digital world that my grandfather could never have imagined. Google has now opened our eyes to see what earlier generations could not — billions of possibilities hidden inside human DNA, each tied to systems so deep that brilliant scientists can spend lifetimes trying to understand only a fraction of them.

What my grandfather saw in the grass, we can now see inside the genome.

So how can we not open our eyes?

This year especially, with anti-Semitism rising, wars raging and so much uncertainty around us, my message for Rosh Hashanah is simple:

God controls the world.

God controls our lives.

That does not mean we understand everything that happens. We do not. We have questions. We experience fear, pain, loss and uncertainty.

But when we recognize Hashem in our lives, we begin to see how many open miracles surround us every single day.

A child. A heartbeat. A recovery. A door that opened at the right moment. Protection we did not even realize we needed. A problem that somehow worked itself out. A new morning. Another year.

We call some of these things coincidence because we have become used to them.

Maybe Rosh Hashanah is our chance to stop calling them coincidence and start recognizing Who is running the world.

That is what I want to say to this generation.

Google DeepMind used artificial intelligence to map billions of possibilities inside DNA.

Now it is our turn to look at what it uncovered and say:

מָה רַבּוּ מַעֲשֶׂיךָ ה׳

How great are Your works, Hashem.

Wow.

Look at what Hashem created.

If artificial intelligence has brought us to a point where we can see deeper into Creation and recognize even more clearly how extraordinary it is, then perhaps AI was worth it for that alone.

Not just to make us smarter, but to make us more aware, more humble, more grateful and more connected to the Creator.

We spend Rosh Hashanah asking Hashem to recognize us, to remember us for life, to bless us, protect us and see us as His nation, His people and His children.

But first, we have to recognize Him.

Recognize His glory. Recognize His wisdom. Recognize His leadership. Recognize His presence in our own lives.

And once we recognize Him, we can ask Him to recognize us and bless us in return.

That is my message for Rosh Hashanah 5787.

Open your eyes.

See Hashem.

See the miracles already around you.

Bring that recognition into your home, your business, your family and your everyday life.

Especially now, when the Jewish people and the world are living through such challenging times, let us remember Who is ultimately in control.

May Hashem protect Klal Yisrael, bring peace to the world, bless our families and communities, and grant each of us health, parnassah, nachas, happiness and a year filled with open blessing.

May we be able to look back one year from now and see clearly how Hashem carried us through.

מָה רַבּוּ מַעֲשֶׂיךָ ה׳ כֻּלָּם בְּחָכְמָה עָשִׂיתָ

Wishing you and your family a Shana Tova U’Mesuka and a כתיבה וחתימה טובה.

May we all be written and sealed for a happy, healthy, peaceful and blessed new year.

Duvi Honig
Publisher, JBizNews
Founder & CEO, Orthodox Jewish Chamber of Commerce

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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.

A Suffolk County jury on Friday awarded $6 million in damages to ousted star scientist and former MIT professor David Sabatini, whose career imploded after he was accused by a much younger colleague of inappropriate sexual conduct in his Cambridge research lab.

The verdict was a stark rejection of a high-profile #MeToo claim from Kristin Knouse, a fellow scientist who said Sabatini had subjected her to a coercive relationship and fostered a hostile and sexualized workplace environment in his lab at the world-renowned Whitehead Institute.

The jury of seven women and six men directed Knouse — who had brought her own suit against Sabatini — to pay the $6 million verdict, plus interest, finding she had defamed him and interfered with his ability to make a living.

Continue to STAT+ to read the full story…

This post was originally published here. 

President Donald Trump on Friday said he was waiving many Russian-related sanctions and tariffs under a new law backed by late South Carolina Sen. Lindsey Graham. 

The Graham Act, which Trump signed into law last month, would have imposed sanctions of up to 100% on all goods brought into the United States from the largest importers of Russian crude oil and gas, along with countries that knowingly bought Russian oil 30 days after the law went into effect. 

Trump’s executive order comes after his deal made with Russian President Vladimir Putin in which the Kremlin agreed to eventually release millions of tons of diesel into the global market amid soaring prices.

Trump said the waiver was in the “national interests of the United ​States.”

Reuters contributed to this report. 

This post was originally published here. 

US President Donald Trump made a joke about the popularity of the name Mohammad in the Muslim world as he mocked Iran’s presidency during a campaign speech on Friday.

“You know, if you’re in doubt about somebody’s name from the Middle East, just say ‘Mohammad,'” Trump told a crowd in Dalton, Georgia. “You have about a 65% chance. ‘Hello, Mohammad.’ I’ve done it for years now. I’ve never been wrong.”

Mohammad is one of the most common male names among Muslims, who often name their sons after the Prophet Mohammad, the founder of Islam.

Trump made the comment as he was discussing Iran during a rally in a hangar at Dalton Municipal Airport in Georgia, where he campaigned for Republican political candidates ahead of the November 3 midterm elections.

“Iran is the only country where nobody wants to be president,” Trump said, then pretended to ask several people named Mohammad whether they wanted the job. Masoud Pezeshkian has been president of Iran since 2024.

The Georgia crowd gave the joke a muted response.

Muslim advocacy groups criticize Trump for mocking muslims

Muslim advocacy groups have repeatedly criticized Trump for rhetoric that they claim mocks Muslims, immigrants, and ethnic minorities.

He has repeated such rhetoric during the midterm campaign season, particularly against Somali and Muslim Americans, including Muslim Democratic ‌US Senate candidate Abdul El-Sayed and Representative Ilhan Omar, a Minnesota Democrat.

Trump repeated his vow that Iran would never get a nuclear weapon, seven months after the United States and Israel launched a war on Tehran aimed in part at crippling its nuclear program.

This post was originally published on here. 

On the eve of Sukkot, I find myself not in Jerusalem but in Kissimmee, Florida, in a gated vacation home community called Encore at Reunion.

Our youngest grandchild, Ye’ela, now seven, has convinced her family that it’s her turn to visit Disney World. Her older siblings have already been. My son, daughter-in-law, and their four children can all take off the days of Sukkot. My physician son even has a lecture to give for Hadassah in Miami. We decide to go for it.

I admit to having a weakness for Disney World. Walking down Disney’s Main Street, U.S.A., riding through the African savanna on Kilimanjaro Safaris in Animal Kingdom, and watching For the First Time in Forever: A Frozen Sing-Along Celebration in Hollywood Studios when the snow comes down (twice!) offer an invigorating vacation break from the Middle East. I like refilling my Disney popcorn bucket at every stop, eating Mickey Mouse-shaped ice cream, and being silly enough to decorate my hat with a Minnie Mouse headband.

Seven-year-old Ye’ela has spent most of her life either in a pandemic or wartime, and I want to see her pose with those Disney princesses and ride the Slinky Dog Dash roller coaster with her siblings.

So I take on the job of logistics, which has to include Sukkot observance, of course.

Where to stay? We want a house, not a hotel, partly because it’s less expensive, but also because we can prepare kosher food for kids used to Israeli cuisine and celebrate the holiday our own way. There are literally tens of thousands of vacation home rentals in the Orlando area, but only a handful of rental communities allow or tolerate the building of those strange shacks called sukkot on their property. Hence, we decide on Encore at Reunion.

For most of the year, Encore is a regular vacation resort village for American and foreign guests. But on Jewish holidays, particularly Sukkot and Passover, hundreds of observant Jews abandon their already chilly backyards in colder states to erect their sukkot in Florida.

Encore is 18 km. from the Magic Kingdom and closer to the other three Disney parks. It is not only sukkah-friendly but has an eruv, making carrying possible on Shabbat. Over the last decade or so, this has become a popular holiday venue for religious Jews. The resort also includes shuttles to the parks and a large, free water park with impressive waterslides for all ages.

I arrange for an unassembled sukkah to be delivered by one of several local suppliers (Klein’s, if you’re interested). Ironically, we live on a Jerusalem street with a bustling Four Species marketplace, but fear violating import laws by bringing an etrog into the Citrus State. So I order the Four Species from a pop-up Chabad distributor, also at Encore.

We bring some pots and pans and buy others. With 337 km. separating Miami International Airport from Encore, I search for and find a reliable, reasonably priced van service (DNR Limousine Services, in case you’re interested; ask for Vladi) that also stops at a kosher supermarket so we can pick up our large online order of food supplies and sushi lunch.

By the day before the holiday, the nondescript vacation village has been transformed into a Sukkot hub. Thatched-roof booths are ubiquitous, mostly in driveways, but also in backyards beside the private swimming pools.

Nearly all those rental homes also have golf carts in their driveways, not for golfaholics, but for families to use as transportation and entertainment on the resort’s streets. Many of the drivers look dangerously underage.

Despite jet lag, we spend our first two happy days in Disney parks. Then it’s Sukkot eve. Our sukkah is up and, thanks to my daughter-in-law, our holiday food is sizzling on a hotplate delivered by Amazon Prime.

One neighbor insists that we come inside and eat a plate of cholent. Another invites my husband to walk with him to one of the pop-up synagogues for the Mincha prayer. My granddaughter Eliana, 18, and I try to follow them soon after candlelighting, but never find the synagogue.

The air is balmy, with no Florida hurricanes threatening tonight. There are few cars on the street. Passersby wish us “gut Shabbos” and “gut yom tov.”

‘Strange and unexpected’

“How strange and unexpected it is to be in Florida and to be surrounded by religious Jews,” Eliana says.

Most of those strolling like us are girls and women, their cooking done, their menfolk off to synagogues. The teenage girls look a lot like Eliana, in holiday dresses, long hair, and welcoming smiles. We stop to chat with a few of them along the way.

Then, when we are alone, Eliana says something that changes the mood.

“I see these girls. In most ways, they’re just like me, but none of them has been through what we teenagers in Israel have gone through. We’ve dodged rockets, cared for families where the father was gone for months, and, worst of all, we’ve gone to so many funerals and shiva calls. We’re all going to national service and the army. How different our lives have been.”

We walk quietly after that, her words bringing us back to Israel, to her hometown of Modi’in.

Modi’in has suffered devastating military losses during the war. So many young residents have fallen that the military cemetery has required expansion. When you’re 18, you know many of the soldiers from school or youth movements. The names on the gravestones are not strangers.

Eliana herself is spending the year at Tzahali, a pre-military preparatory academy for religious young women, founded in 2006. The academy is named in memory of combat navigator Tamar Ariel, whose youth group was led by Eliana’s aunt and uncle. Its program combines Torah study with preparation for meaningful leadership and service in the IDF.

Eliana already has her future army placement.

Our somberness fades as we sit around the holiday table, enjoying the home-cooked food and the novelty of having our own sukkah so far from home. Sukkot is, after all, the holiday of joy, reaffirming our reliance on the Almighty. Through the thatched roof of our Florida sukkah, the same stars we see at home are abundant and reassuring.

Little Ye’ela does get to see the princesses. She turns out to be a roller coaster enthusiast, riding with siblings Matan, 10; Ariel, 16; and Eliana on the famous roller coasters.

By the time we reach the finale, the magnificent fireworks over the Magic Kingdom, no one thinks of comparing them to the Iron Dome squiggles of light that have so often illuminated the heavens over Modi’in. Watching the bursts of light align in the air to create hearts and Disney characters, the children are able to look up at the sky and focus on the beauty.

We, too.

The writer is the Israel director of public relations at Hadassah, the Women’s Zionist Organization of America. Her latest book is A Daughter of Many Mothers, cowritten with Holocaust survivor and premier English-language witness Rena Quint.

This post was originally published on here. 

A Norwegian teenager who flew to Britain to commit murder after being recruited online by a Swedish organized crime group linked to Iran was jailed on Friday for 20 years.

British prosecutors said Johannes Natland, now 19, was recruited by the Foxtrot Network, a Swedish criminal group that pays young people to carry out “violence as a service” on behalf of clients, including the Iranian state.

He was convicted in July of conspiracy to murder. Natland had not been told the identity of the person he had agreed to kill in return for a payment of 270,000 Norwegian kroner, around $28,600, prosecutors said.

The case was one of a number in recent years involving young adults who have stood trial in Britain over serious criminal acts carried out after being recruited online. Britain says some of them have ended up acting as unwitting proxies for foreign states such as Iran or Russia.

Foxtrot has been linked to several murders across Europe, and Britain and the US allege the group was behind attacks against Israeli and Jewish targets on behalf of Iran, which denies the allegation.

Teen said ‘it will be cool to kill’

Natland had only just turned 18 when he flew from Norway to Britain, having responded to an advert which offered money to kill and said “nothing can go wrong.”

He admitted possessing a semi-automatic pistol, a revolver and ammunition, but denied conspiracy to murder, saying he did not intend to carry out the plan and had considered shooting himself in the foot to get out of it.

But prosecutors said Natland was an enthusiastic recruit, who boasted to a friend that “it will be cool to kill someone.”

Judge says she was sure Natland would have carried out attack if not caught 

Natland was sentenced at London’s Woolwich Crown Court to detention for 20 years by Judge Bobbie Cheema-Grubb, who said she was sure he would have carried out the murder if he had not been arrested by police.

“This was not an impulsive act lasting a few moments … your conduct demonstrated purpose and persistence,” she said, adding that Natland would serve at least 13 years in custody.

Natland’s Norwegian lawyer Farid Bouras said in a statement: “Our priority now is to bring him home. We will be working to secure his transfer to Norway as quickly as we possibly can.”

Commander Helen Flanagan, head of Counter Terrorism Policing London, said there was no evidence of any direct link to Iran in Natland’s case, which served as a warning to those who may be recruited to become criminal proxies.

“As Natland found, the people orchestrating these crimes will not protect you from the consequences,” she said.

This post was originally published on here. 

US President Donald Trump indicated that he could pursue criminal investigations or release damaging information about former US secretary of state Hillary Clinton and former presidents Barack Obama and Joe Biden if Democrats attempt to impeach him for a third time, during an interview with Rob Finnerty on Newsmax’s Finnerty on Thursday.

Trump claimed he had previously declined opportunities to pursue criminal investigations against his political opponents but suggested he could reconsider if Democrats regain control of Congress in the November 3 midterm elections and launch another impeachment attempt.

“I could have done numbers on Hillary Clinton,” Trump said. “I could have done numbers on Bill Clinton. I do like Bill Clinton. I could have done numbers on Barack Hussein Obama. Still could, I still could, I could do big numbers if I wanted to.”

“I’m talking about go after them criminally, or I could have done something having to do with their reputations [and] destroyed their reputations,” he said.

Trump claims to possess damaging information on Democratic rivals

Trump also claimed that his administration possessed potentially damaging information about Clinton, Obama, and Biden, although he did not provide evidence or specify what the information involved.

“I could have done something having to do with their reputations, destroyed their reputations,” he said. “We have a lot of information about Hillary. We have a lot of information about Barack Hussein Obama. We have a lot of information on Sleepy Joe Biden.”

When Finnerty asked whether he intended to act on that information, Trump appeared to leave open the possibility of doing so.

“Well, I mean, I guess not. Probably not. But I think if they impeach me again, you know, again,” Trump replied.

“Things could get ugly,” Finnerty interjected.

The president made similar remarks during an Oval Office event on October 7, saying he had refrained from pursuing political opponents out of respect for the presidency.

Democrats weigh impeachment as midterm elections approach

The remarks come as Democrats seek to regain control of Congress in the midterm elections, potentially setting the stage for renewed investigations and oversight of the Trump administration.

Democratic leaders have not committed to pursuing impeachment if their party regains control of the House of Representatives.

House Minority Leader Hakeem Jeffries said last month that Democrats had neither ruled out nor committed to another impeachment effort, while House Democratic Caucus Chair Pete Aguilar has said impeachment is not among the party’s top priorities.

Trump, who was impeached twice during his first administration and acquitted by the Senate both times, questioned what grounds Democrats could use to launch a third impeachment effort.

“The only thing they can impeach me for is making our country really strong,” Trump said.

He also suggested that another impeachment effort could ultimately benefit Republicans politically, arguing that his previous impeachment proceedings had not damaged his standing with supporters.

“And I [have] become good at anti-impeachment. I call it the anti-impeachment movement,” he said.

This post was originally published on here. 

Former Shin Bet (Israel Security Agency) chief Yoram Cohen, who holds the second spot on the Yashar party’s electoral list, warned that Prime Minister Benjamin Netanyahu could deliberately escalate security tensions ahead of Israel’s October 27 election for political reasons, during an interview with Liat Regev on Kan Reshet Bet radio’s Friday Midday program on Friday.

Cohen said he was concerned that Netanyahu might seek to escalate tensions on one of Israel’s security fronts to improve his electoral prospects, especially given the proximity of the elections and the prime minister’s standing in the polls.

“I don’t want to make unequivocal statements, but a justification for a security situation and escalation can always be found. Unfortunately, I cannot rule it out,” Cohen said, adding that Netanyahu has demonstrated in the past that “his decisions are influenced by ulterior motives, and that is very troubling.”

Cohen warns of stagnation in Gaza

Cohen also criticized what he described as Israel’s “complete stagnation on all fronts, a static situation,” particularly in Gaza, while addressing Yashar chairman Gadi Eisenkot’s pledge to end Hamas’s rule in the enclave within 18 months of becoming prime minister.

He argued that the current government was failing to implement US President Donald Trump’s 20-point plan for Gaza, warning that without a viable plan for the “day after” the war, “there will be no choice but for Israel to take active measures.”

“Hamas essentially controls the territory, receives money, grows stronger, and recruits people. We must stop this before it reaches the scale it had before October 6,” he warned.

Cohen responds to Liberman’s rejection of minority government

Turning to the upcoming elections, Cohen addressed Yisrael Beytenu chairman Avigdor Liberman’s statement on Thursday that his party would not support a minority government under any circumstances, including as a temporary arrangement.

“We are working to establish a government of 61 Zionist, statesmanlike Knesset members,” Cohen said.

“If, God forbid, for some reason this is not possible, then we will establish a government with a clear Zionist majority.”

Cohen also questioned Liberman’s decision to rule out supporting a minority government, arguing that the statement could undermine the opposition bloc’s efforts to form a government.

“I don’t understand why he said that. I don’t think it helps the bloc.”

This post was originally published on here. 

Two rivals in the pivotal race for New York’s 17th Congressional District are aggressively courting Jewish voters, each seeking to present themselves as a champion of Israel and a defender against antisemitism.

Rep. Mike Lawler, a two-term Republican incumbent, and Democratic challenger Cait Conley are neck and neck in polls, with both within the margin of error, in a race that could help determine which party controls the House in the last two years of President Donald Trump’s second term. 

Continued Republican control of Congress would give Trump a more favorable setting for advancing his legislative agenda. A Democratic House majority would give the opposition control of House committees and their investigative powers.

NY-17 comprises Putnam and Rockland counties and parts of Westchester and Dutchess counties. An estimated 19% of the district’s residents are Jewish, according to a 2024 study commissioned by the Jewish Electorate Institute.

Each candidate is trying to tie the other to polarizing figures in their respective parties. Lawler is asserting that Conley refuses to separate herself from New York City Mayor Zohran Mamdani and the increasingly progressive wing of the Democratic Party. Conley is accusing Lawler of being a rubber stamp for Trump’s legislative priorities. 

Jewish voters emerge as key constituency in New York House race

For Conley to win, she’ll have to convince Jewish voters that not only is she a staunch Israel ally and determined to protect the Jewish community from antisemitism, but that she can distance herself from the left wing of the Democratic Party and the members of the Democratic Socialists of America, such as Mamdani and others who have been widely critical of Israel.

One reason is that most Orthodox Jews, a major constituency in Rockland County, identified as Republican or leaned Republican, according to a 2020 Pew Research national survey. Another is that a September poll by the Jewish Electorate Institute found that 57% of Jewish voters believe antisemitism is increasing within the Democratic Party, despite about 70% of Jewish voters favoring Democrats. The same national poll found 60% believed antisemitism was increasing in the Republican Party.

When the two candidates squared off in a televised debate hosted by PIX11 on Wednesday night, Lawler brought up the New York City mayor’s statement on Oct. 7, which mourned those killed and abducted on the third anniversary of the Hamas-led attacks before accusing Israel of genocide in Gaza and saying US tax dollars funded war crimes.

Lawler, noting that Conley repeatedly declined to condemn Mamdani in their previous debate, said the mayor issued “the most vile antisemitic statement on Oct. 7th, blaming Jews for their butchering on Oct. 7th.” Turning to Conley, Lawler asked, “Do you denounce Zohran Mamdani’s recent statement on Oct. 7th, which blamed Jews?”

“Yes, I do denounce Mamdani’s statement on October 7th, a day that we should be honoring and mourning the loss of life, the greatest loss of life to our Jewish community since the Holocaust,” she responded. “I condemn antisemitism from any party or anyone.”

Lawler, Conley clash over Mamdani, support for Israel

Both candidates spoke strongly in support of Israel. Debate moderator Dan Mannarino asked if US taxpayer money should still be used “to send offensive and defensive weapon funding to aid Israel.” 

“Israel is our greatest ally in the world,” Lawler replied. “The fact is, they’re the only democracy in the Middle East.” 

He then accused the Democratic Party of ambivalence toward Israel. “I am opposed to any effort by the Democrats and the DSA to defund the strategic partnership between the United States and Israel, and I will fight it tooth and nail,” he said.

Conley agreed with Lawler that the US should continue funding offensive and defensive weapons for Israel.

“I believe in Israel’s right to exist,” she said. “It is the only democracy in the Middle East. It is a strategic partner for American national security, and I believe America has a responsibility to help ensure the safety and security of the Israeli people.”

New York House candidates diverge over Netanyahu, Iran war

Even so, she sought to distinguish herself from Lawler by affirming her willingness to chastise the Israeli government when warranted. “I also will criticize the Netanyahu administration when I believe it is doing the wrong thing for Israel and America,” she said.

Conley said that although she supported the Trump administration’s military strikes on targeted locations associated with Iran’s nuclear weapons development program, she believes that the “feckless execution” of the war has drawn the country “into this reckless conflict without clear military objectives or an exit strategy.”

Lawler defended voting against congressional efforts to end the war, while trying to tie Conley to Iran’s ability to fund terrorism. He argued that while Conley served as director for counterterrorism on President Joe Biden’s National Security Council, the US “eased sanctions on the illicit oil trade between China and Iran, allowing them to accumulate hundreds of billions of dollars. That’s what funded Hamas, Hezbollah, the Houthis. That’s what financed the October 7th terrorist attack.”

Conley defended her record by noting that the head of ISIS was killed during her tenure. She also said that similar attacks on Iran have been on the table for both Democratic and Republican administrations for decades, but they were never carried out because those administrations determined such attacks would threaten national security. 

This post was originally published on here. 

Over the past two weeks, the IDF destroyed dozens of monuments and signs commemorating terrorists during multiple counterterrorism operations across the West Bank, the military announced on Friday.

The operations focused on targeting hubs associated with various terrorist organizations involved in inciting terrorism and supporting Hamas’s October 7 massacre. 

The monuments and signs, frequently created to glorify terrorists deemed to be “martyrs,” were destroyed as part of the IDF’s efforts to thwart terrorism and crack down on violent incitement.

Over the course of the five operations, the IDF searched thousands of locations, arresting dozens of wanted individuals and issuing multiple warnings.

Israeli troops also seized thousands of shekels in terror-related funds and weaponry, including handguns and drones.

IDF forces pictured carrying out counterterrorism operations in the West Bank in a photo released on October 17, 2026. (credit: IDF SPOKESPERSON'S UNIT)

In a statement regarding the operations, the IDF vowed to continue carrying out counterterror measures and combatting incitement in the West Bank in pursuit of safeguarding the security of Israeli citizens.

IDF busts terror funding fronts in West Bank

On Wednesday, the IDF announced that it had conducted raids on multiple alleged charities in the West Bank that acted as funding fronts for terrorist organizations, including Hamas and the Popular Front for the Liberation of Palestine (PFLP).

Five terrorist collaborators were arrested during the raid, and computers, documents, and checkbooks bearing Hamas-associated markings were seized as evidence. 

Jonah Davidov contributed to this report.

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Missiles struck Aden International Airport in southern Yemen on Friday, while a Saudi-led military coalition said it had intercepted a ballistic missile headed for the Red Sea city of Yanbu, a key Saudi oil hub that allows exports to avoid the Strait of Hormuz.

The coalition said it had also destroyed two cruise missiles over the Red Sea and three drones in Saudi Arabia’s Southern and Riyadh regions. It did not identify those behind the attacks.

In Aden, two missiles landed on the airport grounds, the Aden Security Department said, blaming the Iran-backed Houthi group. It said the incident was the second attack on the facility in less than a week. The Houthis did not immediately claim responsibility.

No casualties were reported. A Yemenia Airways flight bound for Cairo was preparing for takeoff when the missiles landed, the security department said.

Yanbu key to Saudi oil exports

Yanbu is a key outlet for Saudi oil exports, allowing the kingdom to ship crude to international markets via the Red Sea without passing through the Strait of Hormuz, where heightened regional tensions and security threats have raised concerns over the safety of shipping.

Brent crude briefly touched $110 a barrel on Friday for the first time since May, as worries over escalating Middle East tensions raised concerns about tighter global supplies.

Saudi Civil Defense authorities earlier issued alerts in the Jazan region and the southwestern city of Khamis Mushait, where such warnings have become frequent since fighting resumed last month.

Houthi attacks raise concerns over deteriorating humanitarian crisis

Fighting between the Houthis and a Saudi-led coalition backing Yemen’s government has raised fears of a further deterioration in the country’s humanitarian crisis. Aid agencies have warned that conditions are worsening rapidly.

The Yemen conflict has become another front in the wider regional war that began with US and Israeli strikes on Iran in February. Yemen’s war began in 2014, when the Houthis seized the capital Sanaa and forced the internationally recognized government south. A Saudi-led intervention began the following year, leading to years of stalemate before a 2022 truce that held until this year.

The Houthis have repeatedly launched missiles and drones at Saudi Arabia since the conflict reignited, targeting airports, oil facilities and other infrastructure. In recent days, the group has also targeted sites in government-held parts of Yemen, including Aden airport and the presidential palace in the interim capital.

A spokesperson for the Houthi-run health ministry said on Friday that 124 civilians had been killed and 327 wounded in what he described as “Saudi aggression” since the escalation began on September 3. Reuters could not independently verify the figures.

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Elbit Systems Sweden AB announced on Wednesday that it plans to establish the Israeli defense company’s first European production and maintenance center for laser warning systems (LWS) in Sweden, as part of efforts to strengthen European defense manufacturing and support the security needs of NATO member states.

The facility, expected to become operational in 2027, will provide local integration, assembly, maintenance, and long-term technical support for laser warning systems supplied to European customers.

The initiative is part of Elbit Systems‘ long-term strategy to expand its industrial presence across Europe and strengthen local manufacturing and technological capabilities. The company said the facility would help improve system availability, shorten delivery times, and enhance support for European customers.

The establishment of local production capabilities also comes as European countries increase defense spending following Russia’s invasion of Ukraine and pressure from US President Donald Trump for NATO allies to raise their military expenditure. Local manufacturing could strengthen Elbit’s position in European defense procurement programs that prioritize domestic or regional industrial participation.

Elbit Systems to produce next-generation laser warning technology in Sweden

The planned facility will focus on Elbit Systems’ next-generation passive laser warning systems, designed to immediately detect and locate laser threats directed at military platforms. The technology provides crews with additional time and operational flexibility to deploy protective measures.

According to the company, the new systems are designed to integrate seamlessly with existing command-and-control infrastructure. Their decentralized architecture reduces the number of components, minimizes modifications required to military platforms, and is intended to improve reliability and operational durability.

Armed forces worldwide already deploy Elbit’s laser warning systems as key components of advanced self-protection suites for military aircraft, vehicles, and other platforms.

Sweden becomes a key hub for Elbit’s European defense operations

Established in 2020, Elbit Systems Sweden has become an increasingly important part of the company’s European operations, employing more than 100 people across the country. The subsidiary serves as a regional hub for Elbit’s activities in Northern Europe and works closely with Sweden’s defense industry.

In recent years, Elbit Systems Sweden has supported the Swedish Armed Forces through advanced defense and digitalization programs, strengthening its position as a long-term industrial and technology partner.

The expansion follows other Elbit initiatives in Europe. In June 2026, the company conducted major demonstrations of its digital battlefield networking capabilities in Sweden for representatives of NATO militaries and European defense companies.

Elbit has also expanded its European business through defense contracts involving Greece and Sweden, reflecting growing demand for Israeli-developed military technology and locally supported defense systems.

Elbit Sweden CEO highlights local manufacturing and NATO supply chains

Tobias Wennberg, CEO of Elbit Systems Sweden, said the initiative represents an important step in expanding the subsidiary’s industrial capabilities and strengthening its ability to develop, deliver, and manufacture systems locally.

“This initiative represents an important step for us and reflects our commitment to strengthening our capabilities to develop, deliver, and produce locally,” Wennberg said. “It also aligns well with our core technologies and enables us to expand our scope going forward.”

“Through the establishment of this center and the transfer of advanced technologies, we aim to support Swedish, European, and NATO customers with reliable, long-term, and locally supported self-protection solutions with secure and sovereign supply chains,” he added.

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As prediction markets like Kalshi and Polymarket are increasingly being used for sportsbetting, athletes are warning of the negative and even violent consequences of these platforms on players.

At the Fortune Most Powerful Women Summit in Santa Barbara, California on Tuesday, Nneka Ogwumike, former Los Angeles Sparks forward, 2016 MVP, and 11-time All-Star in the league, said prediction markets are having a clear adverse impact on WNBA players.

“It’s not a safe place for athletes,” Ogwumike told Most Powerful Women editor Emma Hinchliffe. “I don’t think I ever want to say that something is outrightly bad unless it absolutely is, but players are definitely having a hard time dealing with the vitriol that comes with prediction markets as it relates to our performance.”

Prediction markets have emerged as an alternative and supplement to online sportsbooks because they are classified as a financial exchange, rather than gambling platforms, allowing them to bypass regulations and restrictions. Last week, both Kalshi and Polymarket hit new records, according to  Dune Analytics data, reaching a combined weekly volume of $22.2 billion as a result of NFL and NCAA-bolstered trading volumes.

College athletes are reporting harassment associated with sportsbetting. The 2025 NCAA Growth, Opportunities, Aspirations and Learning of Students in College study found more than have of Division 1 men’s basketball players reported social media abuse based on their on-court performance, and 46% said the highest rate of negative or threatening messages were from someone who placed a bet on a game they played in.

On Tuesday, both the NBA and WNBA announced a responsible gaming campaign, partnering with National Council on Problem Gambling (NCPG) to educate fans about sports betting risks. Ogwumike said more efforts are required to mitigate abuse of players related to sports betting.

“There’s been a lot of safety issues and concerns that haven’t necessarily been publicly displayed,” she said. “Through the [players association] and through the WNBA, there’s resources that are available to try and mitigate those things, but it doesn’t mean that it stops players from experiencing things that could potentially and have potentially affected their performance.”

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Women already have more money than ever before—and they’ll soon step into even more financial power. They’re not only set to inherit $52 trillion by 2048 as major players in the $124 trillion Great Wealth Transfer, according to Cerulli Associates, but they’re also wielding growing financial mettle in rising to top-level roles. Wealth management professionals are already looking to meet the moment.

At Fortune’s Most Powerful Women Summit this year, financial services execs say women are at the helm of great financial opportunity. Anna Maria Nekoranec, CEO and cofounder of Align Private Capital, noted that women are amassing significant fortunes as they win out in business and take over boardrooms. It’s her “personal mission” to assist women stepping into wealth make smart decisions with their money, because she believes “we can change the world with it.”

“We have a perfect storm because it’s not just this wealth transfer,” Nekoranec told leadership editor Claire Zillman during the discussion. “What we’re seeing is this acceleration of super talented women reaching higher levels of organizations, getting higher comp, and getting stock…These windfalls need to be planned for.”

Mitra Best, founder and CEO of fintech firm Avvra, added that the rise of AI is turbocharging their net worths. As an investor and AI scientist herself, she’s witnessed how the industry’s wealth is “imbalanced” as decisions are made by a select few at the top, and decided to enter financial services to help women invest in “where the future is going to be.” She wants Avvra to be their eyes and ears on what companies are getting funding, what technologies are drawing money, and what issues are getting solved. “Who writes the checks funds the future,” Best said. 

But the wealth management leaders collectively urge women to take matters into their own hands. They acknowledge that life can get busy; women are often working full-time jobs while shouldering the majority of housework and family responsibilities. But to build wealth, they need to make time on the books, one Fidelity executive advises. 

Karla D’Alleva Valas, the head of private wealth management at the financial services giant, urged women to make their financial futures a priority by carving out meetings to actively manage their money. It’s estimated that 53% of women’s assets are currently unmanaged by professional advisors, according to McKinsey & Company, compared to 45% for men. It’s a $10 trillion market opportunity for wealth managers, and a chance for women to take greater control of their financial futures.

“All of us need to measure ourselves on our level of engagement. Meeting with your financial advisor—if you have one—one time a year, that’s your choice,” D’Alleva Valas said during the discussion. When they put in the effort and set a financial strategy, they can “optimize their blood, sweat, and tears” to grow paychecks and investments into fortunes. 

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Amid geopolitical uncertainty and the AI boom, executive leadership has had to become a much less insular affair.

Lumen Technologies CEO Kate Johnson, speaking at the Fortune Most Powerful Women Summit in Santa Barbara, Calif. on Tuesday, said that as companies have had to become more nimble in their decision-making, it’s no longer realistic for them to rely only on their respective leaderships to make tough calls and should instead rely on partnerships between, not just within, C-suites.

“This notion of the boardroom and the conference room that I grew up in—we were rewarded for being right. We had to know our stuff. We had to be the best. We had to come in with a strong opinion. We had to have all the facts we had to master, and that is just not possible in today’s market,” Johnson told Fortune’s Diane Brady.

Johnson explained that instead, you have to “build a machine” for decision-making, which includes coming up with a hypothesis, but then looking at signals, as well as experts inside and outside a business to inform constant course-correction.

“I’m getting signals every day, and we’re pivoting every day,” she added. “My job is to get a grant and to allocate the capital accordingly, and you have to have a bench of partners that you can go to to deliver those outcomes.”  

IBM has already begun to measure changes in how CEOs are interacting with one another. More than 80% of chief executives of AI-first companies are engaging partners from external or specialized networks to talk about risk and build off each other’s strengths, according to its 2026 CEO Study. A large part of that shift comes from rapid changes in AI and how workplaces are adopting it, compressing decision-making cycles and forcing companies to break down previously established boundaries in search of cooperation, the report noted.

More broadly, Boston Consulting Group similarly observed that as mergers and acquisitions slow, companies are instead looking for alliances, with 60% of surveyed business leaders saying that over the next three to five years, joint ventures and partnerships will be more important to growth than pursuing M&A.

Lumen Technologies found one such partner in consultancy EY. In June 2025, EY U.S. and Blue Planet formed a strategic alliance to improve autonomous networking with AI, and Lumen was the project’s first client.

Johnson’s initial connection with EY CEO and Global Chair Janet Truncale was a spontaneous one. Johnson approached Truncale at a Business Roundtable breakfast a few years ago and in hopes of improving her day, Johnson said to Truncale, “Will you be my best friend?”

“And I was happy to oblige,” Truncale told Brady.

The interaction shifted Truncale’s own approach in meeting new leaders.

“In the last two years, I’ve frankly tried to pay that forward,” she said, “so when there are new CEOs, I try to reach out and say, ‘Hey, I’ve just been through this.’”

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Leaders in the corporate world are familiar with a sports metaphor: They want to get a project across the finish line or make sure workplace standards are up to par. But many seemingly fail to carry forward the value athletes have in rest.

ServiceNow president and Chief Financial Officer Gina Mastantuono, who has espoused the benefits of fitness in both individual health and leadership, said that while the importance of recovery has broken into culture outside of athletics, it hasn’t fully permeated the vocabulary or habits of business leaders. Speaking at the Fortune Most Powerful Women Summit in Santa Barbara, Calif. on Tuesday, Mastantuono said many senior employees still embody toxic ideas about overworking. 

“There’s always been this—if you have to work 14-hour days and you get four hours sleep, and that shows that you’re working the hardest and you deserve the most,” she told Alicia Hatch, U.S. Sports chief commercial officer and women’s sports leader at Deloitte. “And in fact, that is such a terrible example for the people around us.”

Research has consistently shown the value of boundaries and the establishment of work-life balance. A University of Florida meta-analysis of nearly 200 studies, for example, found recovery from work is associated with better sleep, improved mental health, and increased long-term satisfaction with one’s life. But internalizing that rest is important is a different matter, Mastantuono noted.

“Recovery is part of the performance; it’s not secondary,” she said. “Muscle doesn’t grow when we pump out at the gym. It grows when we’re sleeping at night and letting the muscles recover.”

Mastantuono has noticed the benefits of recovery in her own life, attributing better work-life balance to a honed ability to listen instead of reaction, and maintain calm under duress and pressure, which has enabled her teams to execute more effectively.

“When we do focus on taking care of ourselves, then we are much better bosses, much better colleagues, much better parents,” she said.

Janet Evans, a four-time Olympic medalist and swimming and chief athlete officer of LA28, the organizing committee for the 2028 Olympic and Paralympic Games in Los Angeles, was well-versed in the importance of recovery in the context of competition, but has similarly needed reminders about taking a breather. Evans told Hatch about LA28 CEO Reynold Hoover, a three-star ex-U.S. Army Lieutenant General who frequently incorporates military parlance into in-office conversations.

“No one’s guns are drawn. No one is shooting each other,” Evans recalled Hoover saying. “So Janet, you’re gonna figure this out tomorrow.”

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Richard Kligman didn’t set out to sell President Donald Trump and “Make America Great Again” merch. But Kligman spotted a business opportunity in 2016, when customers began asking for MAGA hats and flags at the Myrtle Beach, South Carolina kite shop he ran with his brother. The duo opened their Trump Super Store in the empty storefront next door in 2018 to keep up with the demand.

“You’d have thought I was selling crack,” Kligman jokingly told Fortune. But now he wants out. 

“You have to read the writing on the wall that as we go into ‘27, it’s definitely going to fall off, and I’d like to be out of it as much as I could be by the end of ‘27,” he said. 

Sales were “going gangbusters,” Kligman said, between the 2020 and 2024 presidential elections, and the brothers were putting in seven days a week just to keep up with demand from both locals and visitors from around the country. 

But now, Kligman said sales of Trump-branded merch have since fallen 39% from their 2024 levels. 

“A lot of the Trump merchandise stores across the country are closing because they see that things are going to change a bit, and the demand is not what it once was,” Kligman said. “It’s absolutely gone down, but it had to because he can’t run again.”

Kligman isn’t alone in thinking this. The “Make America Great Again” slogan helped Trump win the White House in 2016 and has been plastered over hats, shirts, flags and other collectibles for more than a decade. But MAGA merch sellers and suppliers across the country told Fortune their sales have fallen from the heights of the 2024 election. That’s when Amazon sellers reported an estimated $140 million in Trump-themed merch from April through September, according to e-commerce marketing platform Omnisend. Sellers have cut prices, closed stores, branched into other patriotic merchandise or turned to Trump’s rallies for sales. But with Trump barred by the Constitution from another presidential run, the business faces an uncertain future after he leaves office.

Steven Slaton, who has run the Trumped Store and Coffee Shop in Show Low, Arizona for a decade with his wife Karen, told Fortune he’s felt the change, saying sales now are “night and day” compared to the 2016 and 2024 election seasons. He estimated that Trump merch sales in September were down 20% to 25% from the same month in 2024. He and Karen have started clearing out older merch, marking hats and shirts that once cost $30 down to $10. 

“It’s like everybody took a big, deep breath and then everybody’s looking for a new type of gear,” Slaton said.

Slaton attributed part of the decline to customers with less money to spend as food, housing and gas prices strain their budgets. Economic dissatisfaction is also weighing on Trump politically. A Fox News poll from Oct. 14 found that 77% of registered voters disapproved of his handling of inflation, and 70% disapproved of his handling of the economy, and his overall approval rating fell to 36%, the lowest recorded by Fox News during either of Trump’s two presidencies.

The sales decline is severe enough for some stores to close. Fortune found that this year alone, at least three independent Trump merch stores have closed—in Connecticut, Pennsylvania, and Tennessee—including one that made 350 sales a day at an average of $60 each.

Less demand for MAGA merch also means less business for merch manufacturers. Eric Turney, sales director of custom product manufacturing firm The Monterey Company, told Fortune the company earned about $250,000 in 2024 making MAGA hats, keychains, and buttons for nine wholesalers, but now has only three regular wholesalers for that same merch. 

“Once he went into office, [demand] really dropped off the face of the cliff,” Turney said, noting that Monterey used to get an average of 15 merch orders per month in 2024, but only 13 in total from 2025 to this year.

Online interest in MAGA hats is also down. After peaking in Google search popularity in December 2018 and November 2024, interest in the search term “MAGA hat” has plummeted by 95% as of October, according to Google Trends data.

Rallies are a bright spot, but the strategy is still shifting

Trump’s rallies for Republican midterm candidates have given some sellers a boost even as other MAGA merch sales slow. Ronald Solomon, president of The MAGA Mall, a wholesaler and retailer of Republican and conservative-branded products, told Fortune rallies renewed demand for MAGA and Trump 2028 hats, recalling selling “a tremendous amount” of them at a rally in Vandalia, Ohio last week. The Trump Organization itself began offering $50 “Trump 2028” hats in April 2025. 

“During the summer, the MAGA stuff wasn’t selling as much, but now all of a sudden it’s selling a lot again,” Solomon said. 

But his MAGA product sales in recent months are down 34% from 2024. He attributes the decline to 2026 being a midterm year. “There’s no way I expected it to be as brisk as a presidential year,” he said. For some sellers, though, the slowdown has pushed them to change strategy.

Sany Dash, who said she has sold $63 million in Trump merch over the past nine years, closed all three of her USA Trump Stores this year because revenue fell so far: two in Texas (Gainesville and Arlington) and one in Loveland, Colorado. She might open one in Dallas, but she will focus on selling patriotic-themed jewelry and clothing at rallies and other political events, where she estimates 40% to 50% of attendees buy merch.

“The stores are not doing well, but the rallies are doing incredibly good,” Dash said. “We have to look at, logistically, where we’re going to open up our new store, and it may not say Trump—it may just say ‘patriotic merch,’ I don’t know yet.”

Dash sells merch only for Trump and doubts the MAGA merch brand will have the same pull after he leaves office.

“After Trump is gone, I don’t see MAGA continue because Trump is the face of MAGA,” she said. 

Slaton is preparing for that possibility, too. He said the Trumped Store might change its name and offerings to support whoever becomes the new Republican figurehead. 

“We’re telling people we’ll probably transition over to JD Vance or Marco [Rubio] or whomever the prospective nominee is going to be,” he said. “We’ll have to figure out how we’re going to do that.”

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The U.S. has a $40 trillion debt problem, and the leader of the IMF says supercharging the nation’s growth isn’t enough to solve it.

Speaking during the International Monetary Fund’s annual meetings in Bangkok this week, IMF chief Kristalina Georgieva said that while growth can ease the U.S. debt problem, it isn’t a catch-all solution.

“Growth, of course, helps but it cannot deliver fast enough the necessary adjustments,” she said, adding that the budget deficit must also come down. 

The Treasury Department pushed back against Georgieva’s warning by questioning the IMF’s forecasting record in a statement to Fortune.

“When we see pieces on the IMF, it’s good to remember how messy their forecasts have been in the past,” said David Zervos, counselor to Treasury Secretary Scott Bessent, who pointed to rosy economic predictions before the 2008 global financial crisis and the 1997 Asian financial crisis as evidence.

The IMF did not immediately respond to Fortune’s request for comment.

Georgieva’s comments come at an uncertain time for the U.S. fiscal situation. At $40.3 trillion, according to Treasury data, the national debt is at a record high. It is also the largest in the world.

Even more worrying to experts is the U.S. gross debt-to-GDP ratio, which stood at about 126%, according to the Treasury Department.

Publicly held debt is lower, at 100% of GDP, but is still the highest since shortly after World War II ended, according to the Committee for a Responsible Federal Budget.

A growing economy can make existing debt easier to manage. But if Washington keeps borrowing faster than the economy expands, the ratio can continue rising even when the economy grows.

The mounting debt also means a greater share of the government’s revenue goes toward interest payments instead of other priorities like public services. Net interest payments made up about 15% of federal spending in fiscal 2026—and about 20% of revenue. 

And by fiscal 2031, the Committee for a Responsible Federal Budget has predicted that the average interest rate on federal debt will exceed the economy’s rate of growth—a predicament that could contribute to a self-reinforcing “debt spiral” and eventually require more drastic spending cuts or tax increases to correct, Fortune previously reported.

‘We can grow our way out of that‘

At the same time, Bessent has argued that consistent U.S. economic growth of 3%, fueled partly by AI, can be enough to deal with the issue.

“There’s nothing magic about the $40 trillion number,” he told CNBC in August. “And we can grow our way out of that.”

Whether growth alone can actually solve the federal debt is doubtful. An article by the Council on Foreign Relations last month explained that annual 3% economic growth is hard to achieve. 

The U.S. has only hit the 3% mark of growth in five calendar years, the most recent being 2019 during President Donald Trump’s first term. U.S. GDP is estimated to grow 2.2% this year, up from 2% GDP growth in 2025.

Congressional Budget Office Director Phillip Swagel also recently warned “it’s probably not plausible” that growth will stabilize the U.S. financial trajectory, explaining that real GDP growth would have to hit 5% to 6%. Instead, changes in revenue and spending are necessary, he noted.

To be sure, Bessent has said he and White House budget director Russ Vought are working with Trump on a broader deficit-reduction plan, but details have yet to be released.

The IMF has previously sounded the alarm about the U.S.’s debt problem. In an annual review of the U.S. economy published in April, the organization acknowledged the strength of the U.S. economy. 

Still, in the report, the IMF’s executive directors also said the growing debt could be a problem not just for the U.S., but for the rest of the world.

“They emphasized that the fiscal trajectory creates a growing financial stability tail risk for the U.S. and for the global economy, given the importance of the U.S. Treasury market for the global financial system.”

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What if Israel is winning the military battles but losing the war that ultimately determines its survival?

Since October 7, 2023, Israel has demonstrated extraordinary military capabilities. Hamas, Hezbollah, and Iran have suffered significant blows.

Yet the fundamental question remains: Has military superiority brought Israel closer to enduring security? This may be one of the most important questions for Israelis in the upcoming elections.

Or, perhaps the question should be: Are we fighting the wrong war? It is fascinating that this question is not a significant part of the political debates leading up to the decision regarding who will lead the country.

The early Zionist movement understood something that modern Israel may have forgotten.

Nation-building was a generational undertaking. Theodor Herzl, Chaim Weizmann, and David Ben-Gurion invested decades in diplomacy, institution-building, immigration, and international legitimacy.

They understood that establishing a Jewish state required more than winning individual confrontations.

Today, Israel often approaches existential threats through military operations measured in days, weeks, or months.

Our ideological adversaries are operating on an entirely different clock.

Consider the historical memory of the Crusades. European armies conquered Jerusalem, but ultimately lost their foothold in the region.

The lesson for movements committed to a generational struggle is straightforward: survive today, regroup tomorrow, and eventually your enemy will lose his will to fight and leave.

Iran’s revolutionary leadership has demonstrated comparable strategic patience, investing decades in regional proxies, ideological networks, and the pursuit of influence.

Israel cannot assume that its adversaries define victory, defeat, or acceptable sacrifice as we do.

That brings us to the first strategic trap: deterrence.

Traditional deterrence assumes that sufficiently painful consequences will discourage aggression.

But what happens when an adversary embraces martyrdom, accepts devastating casualties, or considers organizational survival itself a victory?

Yahya Sinwar understood that October 7 would provoke an overwhelming Israeli response. Yet the resulting devastation did not necessarily negate the broader political and ideological objectives of his attack.

Israel must then employ increasingly substantial military force to defeat an adversary willing to absorb extraordinary losses.

Now introduce the second trap.

When terrorist organizations embed military operations within civilian environments, Israel faces difficult operational choices. Protecting civilians, as international law requires, by definition extends military campaigns.

Civilian casualties and destruction, whatever the military circumstances, produce images that travel around the world within seconds.

A Hamas command center may be the military objective. A destroyed building becomes the television image.

CNN, Al Jazeera, TikTok, Telegram, and countless smartphones transmit those images into millions of homes.

Military time and political time are no longer synchronized.

The longer Israel fights, the more international pressure can accumulate. The more force required, the greater the potential reputational consequences. And the more international legitimacy erodes, the less strategic freedom Israel retains.

Israel can win the battlefield while losing the conditions necessary to achieve and sustain victory.

But there is another battlefield, one extending thousands of miles beyond Israel’s borders.

The Jewish Diaspora

Jewish communities in New York, London, Paris, and elsewhere are increasingly drawn into conflicts they neither initiated nor controlled.

As the war continues, images of Palestinian suffering circulate globally, accompanied by accusations against Israel that can spill over into hostility toward Jews generally.

And what is their response?

Too often, they follow Israel’s traditional hasbara (public diplomacy) playbook.

More facts. More explanations. More historical context. More attempts to correct the latest accusation.

Necessary? Absolutely.

Sufficient? Clearly not.

Because while we are explaining yesterday’s military operation, our opponents are organizing tomorrow’s political campaign.

An October 10 Fox News investigation by Asra Nomani exposed the organizational machinery behind a coordinated international anti-Israel mobilization starting this past October 8 to the 15.

The investigation identified 179 participating organizations and 322 scheduled events across three days. Organizers had prepared graphics in seven languages, common slogans, media guidance, and political demands.

The campaign extended beyond street demonstrations into universities, workplaces, corporations, and government institutions, calling for sanctions and arms embargoes.

This was not simply spontaneous outrage. It was evidence of a prepared, interoperable international network capable of transforming individual demonstrations into coordinated political pressure, just as it did on October 8, before Israel even responded to the attacks of October 7.

Our enemies have spent years building what we now know is an extremely effective ecosystem.

Not every participant shares the same ideology. But organizations with different political identities can cooperate around common objectives without surrendering their independence.

That is the power of an ecosystem. And it exposes another weakness in our approach.

We are fighting not merely an information war, but a competition for meaning.

Psychiatrist and Holocaust survivor Dr. Viktor Frankl described the existential vacuum: the emptiness people feel when they struggle to find meaning and purpose.

He suggested that our modern society, with all its technological advances, was driving this feeling of emptiness among millions.

Ideological movements can fill that vacuum by offering something more compelling than information: identity, belonging, community, moral purpose, and agency.

Their message effectively becomes: Here is who you are. Here is what is wrong. Here is who is responsible. Here are your people. And here is what you can do.

This is why a “Free Palestine” chant at a huge Ed Sheeran concert so quickly engaged tens of thousands both at the concert and via their social media platforms.

Traditional hasbara too often responds: Here are the facts you should know.

You cannot defeat a meaning system merely by correcting its facts. This is where Israel’s strategic doctrine requires fundamental reconsideration.

Military superiority remains indispensable. But Israel and global Jewry also need a permanent, decentralized, interoperable global ecosystem supporting Jewish safety, Israel’s legitimacy, and long-term societal resilience.

Further strengthened by those who realize that the anti-Israel ecosystem is focusing on Israel first, with the West next in line.

Not another government-controlled public relations campaign.

Not another emergency fundraising appeal following an antisemitic incident.

And certainly not an organization demanding that everyone agree with their view of the world.

Instead, an international network of independent Jewish and non-Jewish institutions, educators, influencers, researchers, philanthropists, cultural leaders, public-private initiatives, and civil society organizations connected by a shared agreement on fundamental principles.

The Jewish people’s historical continuity matters. Jewish safety matters. Israel’s legitimate existence matters. Human dignity and coexistence matter.

Participants can disagree on politics while sharing those foundations.

Such an ecosystem must operate continuously, building relationships, credibility, community, and meaningful participation before the next crisis erupts.

It must strengthen the Diaspora rather than leave Jewish communities perpetually defending military decisions made thousands of miles away.

And it must become an additional dimension of deterrence.

An adversary contemplating aggression should encounter not merely a formidable Israeli military, but a society and international network capable of enduring political pressure, resisting isolation, and sustaining legitimate security interests.

The Zionist movement understood the importance of building the future before the decisive moment arrived.

We must rediscover that strategic patience.

Israel cannot fight a generational ideological conflict exclusively through military campaigns measured in months.

Our military protects our ability to survive in the short term. Our ecosystem must help protect our ability to endure for the long term.

The writer is a global strategist and a strategic adviser at the Jerusalem Center for Security and Foreign Affairs. Follow him on X: @jeffkahn2020

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Prime Minister Benjamin Netanyahu said Thursday that he spoke by telephone with Syrian President Ahmed al-Sharaa during deadly clashes in southern Syria in July 2025, claiming the conversation helped stop the killings. Damascus has not confirmed the call, which Netanyahu disclosed less than two weeks before Israel’s parliamentary elections.

Netanyahu made the announcement on October 15 at a Likud campaign gathering with members of Israel’s Druze community in Yarka, a northern Israeli town. He described the conversation as brief and tense but did not explain how it was arranged or provide further details.

The Israeli prime minister also discussed Israeli military operations during the violence in Syria’s predominantly Druze Sweida Governorate, including airstrikes against the Syrian Defense Ministry building and a target within the presidential palace compound in Damascus.

Violence erupted in July 2025 following clashes between Druze and Bedouin groups, with Syrian government forces and tribal fighters subsequently becoming involved. Israel carried out strikes against Syrian military positions, saying it was acting to protect the Druze community.

In its first response to Netanyahu’s announcement, the Syrian government neither confirmed nor denied the conversation. An unnamed official source quoted by the state-run Syrian Arab News Agency (SANA) rejected attempts to involve Syria’s Druze community in Israeli election campaigning, describing it as an integral part of the country’s national fabric.

The source accused Israel of interfering in the July 2025 violence and arming an unauthorized armed group to destabilize Sweida. The allegation has not been independently verified.

According to the Syrian government, Israeli airstrikes during the clashes prevented Syrian forces from intervening to restore order. Damascus maintained that US mediation, rather than Netanyahu’s reported conversation with Sharaa, had brought those strikes to an end.

Syria also reaffirmed its cooperation with the United States and Jordan on a roadmap intended to restore stability in Sweida and called for international pressure on Israel to comply with the 1974 Disengagement Agreement.

The Media Line sought comment from Ahmad Mowaffaq Zaidan, media affairs adviser to Sharaa, and Mohammad al-Jafal, adviser for Afro-Asian affairs at Syria’s Ministry of Foreign Affairs and Expatriates. Neither had responded by publication time.

Israel, Syria continuing to pursue security negotiations

The disclosure comes as Israel and Syria pursue US-mediated security negotiations despite continuing disagreements over Israeli military deployments and Syrian sovereignty.

Israel captured the Golan Heights from Syria in 1967 and expanded its military presence in southern Syrian territory following the fall of Bashar Assad’s government in December 2024. Damascus demands that Israeli forces withdraw from areas entered after Assad’s removal and that both countries return to the arrangements established under the 1974 agreement.

Israeli authorities maintain that their military operations and deployments are necessary to protect the country’s northern border.

Although Israel and Syria have no formal diplomatic relations, contacts between senior officials have become an important part of efforts to prevent further confrontation.

In August, Reuters reported, citing informed sources, that Mossad chief Roman Gofman spoke with Syrian Foreign Minister Asaad al-Shaibani on August 14 about Turkey’s military presence in Syria.

Jordan subsequently hosted US-mediated talks between senior Syrian and Israeli delegations on August 23, according to SANA. Those discussions addressed Israeli military operations, measures to reduce tensions, and the possibility of reaching a security agreement.

Netanyahu’s disclosure suggests that contact may also have occurred directly between the countries’ leaders, although Damascus has yet to acknowledge such an exchange.

Netanyahu-Sharaa call could signal willingness to reduce tensions

Syrian political analyst Firas Allawi told The Media Line that the reported conversation could signal a willingness to communicate despite the deep disagreements between Damascus and Israel. He cautioned against interpreting it as evidence of an approaching peace agreement.

“Any political contact between the two sides could represent an initial step toward reducing tensions, but it does not necessarily mean that a peace agreement is close,” Allawi said.

“The issue depends on the willingness of both sides to address outstanding matters, foremost among them Syrian sovereignty and the Israeli military presence. The timing of Netanyahu’s announcement also calls for an examination of his domestic political calculations, without overlooking the possibility that these contacts are part of broader efforts to reshape the regional landscape.”

Allawi’s comments come as Netanyahu campaigns ahead of Israel’s October 27 parliamentary elections. The prime minister made his announcement before Druze voters while describing his government’s efforts to protect members of their community in Syria.

The timing raises questions about the political purpose of the disclosure, although the contacts reported between Israeli and Syrian officials in recent months suggest that discussions have continued beyond the immediate circumstances of the 2025 clashes.

For retired Syrian military pilot and analyst Khaled Mansour, the value of direct political communication depends on whether it can lead to practical arrangements that reduce the risk of further fighting.

“Moving from military confrontation to political understandings requires tangible measures on the ground, including ending escalation, limiting military operations, and establishing clear security arrangements that prevent renewed clashes,” Mansour told The Media Line. “The success of any negotiation process will also remain tied to addressing the Israeli military presence inside Syrian territory and providing mutual security guarantees that do not undermine Syrian sovereignty.”

The dispute over the buffer zone established under the 1974 agreement remains a central obstacle. Syria seeks the withdrawal of Israeli forces from territory entered after December 2024, while Israel insists on security arrangements intended to prevent hostile forces from operating near its border.

Mansour said sustained negotiations would require more than occasional direct contacts between senior leaders.

“Political contacts may help prevent military miscalculations and establish channels for containing crises, but building lasting peace requires enforceable understandings and clear mechanisms for monitoring compliance, not merely contacts or political statements.”

Despite continued US diplomatic involvement, Israel and Syria have yet to reach a comprehensive agreement governing military deployments and security arrangements along their shared frontier.

Beyond those disagreements, the possibility of direct communication between Netanyahu and Sharaa has raised hopes among some Syrians that dialogue could eventually help end decades of conflict.

Bakhour Shmantoub, head of Syria’s small Jewish community, told The Media Line that he hoped contacts between the governments could develop into a broader peace process.

“Yes, it could open the door to peace. The region is tired of wars, and peace is necessary,” Shmantoub said.

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As Israeli Foreign Minister Gideon Sa’ar affixed a mezuzah to the entrance of Colombia’s new embassy in Jerusalem on Wednesday, the two countries were exploring another step in their rapidly improving relationship. Colombia is considering applying to join the International Holocaust Remembrance Alliance (IHRA), Israeli Ambassador to Colombia Vivian Aisen revealed to The Media Line.

Aisen said Sa’ar and Colombian Foreign Minister Omar Bula Escobar discussed the possibility during Bula’s visit to Jerusalem. Colombia adopted the IHRA working definition of antisemitism in June 2022, but it is not currently a member or observer country. No formal application has been announced.

The alliance promotes Holocaust education, remembrance, and research. Countries seeking full membership must first obtain observer status and then proceed through an intermediate liaison stage.

Colombia inaugurated its Jerusalem embassy on October 14, becoming the 10th country with an embassy in the city, according to Israel’s Foreign Ministry, and the fourth Latin American country to do so, following Guatemala, Honduras, and Paraguay.

The opening was the most visible part of a broader diplomatic reversal under Colombian President Abelardo de la Espriella, whose government has restored full relations with Israel, lifted reciprocal visa requirements, removed restrictions on coal exports, and renewed implementation of the countries’ free trade agreement.

At a Foreign Ministry reception later Wednesday, attended by Prime Minister Benjamin Netanyahu, Bula announced that Colombia had formally requested to withdraw from the Hague Group, a coalition established to coordinate diplomatic and legal measures against Israel over the war in Gaza. He also announced plans for a national initiative to combat antisemitism.

Colombia’s Jerusalem embassy signals diplomatic reversal

The embassy opening fulfilled a promise made before de la Espriella’s election. Sa’ar said the two met in Buenos Aires in November 2025, when the future president pledged to relocate Colombia’s embassy to Jerusalem if elected.

“He made a promise, and he kept it,” Sa’ar said. “Just two months after he took office, we inaugurated the Embassy of Colombia in Jerusalem.”

The embassy occupies a stone building dating to 1920. The inauguration brought together Bula, Sa’ar, Colombian Ambassador to Israel Tania Gilinski Bacal, Aisen, and Jerusalem Mayor Moshe Lion.

Palestinian officials criticized the decision. Palestinian Vice President Hussein Al Sheikh condemned the move, saying it disregarded international law and Jerusalem’s disputed status. Jordan’s Foreign Ministry also objected, describing the embassy opening as a violation of international law and relevant resolutions.

Israel considers all of Jerusalem its capital, while the Palestinians seek East Jerusalem as the capital of a future state. Most countries maintain their embassies in Tel Aviv or nearby, arguing that Jerusalem’s final status should be determined through Israeli-Palestinian negotiations.

For Aisen, who arrived in Bogotá eight weeks ago, the initial assignment was to rebuild diplomatic ties after former Colombian President Gustavo Petro severed relations with Israel in May 2024 over the war in Gaza.

“We did not come with the intention of returning to what we were,” Aisen said. “We came to strengthen our relations and go much further.”

The countries have since restored their diplomatic representation, appointed ambassadors, and resumed practical cooperation. Reciprocal visa requirements ended on September 1, while Colombia lifted Petro’s prohibition on coal exports to Israel.

Israel and Colombia restore trade and security cooperation

The free trade agreement required a more technical process. On October 13, the governments completed an exchange of diplomatic notes restoring the agreement, which originally took effect in August 2020.

Israel’s Foreign Ministry described the move as reversing Petro’s termination of the agreement. Aisen explained that the previous Colombian government had attempted to cancel the treaty but had not completed the country’s domestic procedure for withdrawing from an international agreement. The new government therefore needed to reactivate the existing accord rather than negotiate a replacement.

The renewed economic relationship builds on decades of commercial and security cooperation. Colombia has long used Israeli military equipment, and the governments are discussing expanded ties in cybersecurity, technology, agriculture, and other fields.

In a recorded message to Wednesday’s reception, de la Espriella described Israel as a friend and strategic partner. He identified security, intelligence, counterterrorism, organized crime, agriculture, science, innovation, and trade as priorities.

Colombia distances itself from international action against Israel

Colombia’s diplomatic realignment also extends to international institutions.

On September 18, Bogotá notified the International Court of Justice that it was withdrawing its declaration of intervention in South Africa’s case accusing Israel of violating the Genocide Convention during the Gaza war.

The court confirmed the withdrawal four days later. Colombia had intervened in April 2024 to submit its interpretation of the convention. Its withdrawal does not end South Africa’s case against Israel, which rejects the genocide allegations.

The court decision is separate from Colombia’s request to leave the Hague Group, which Bula announced at Wednesday’s reception.

“We reject that approach,” Bula said of the coalition.

He presented the request as another step toward restoring a relationship that began when Colombia recognized Israel in 1949 and established diplomatic ties in 1957.

Antisemitism concerns emerge amid renewed Israel ties

Bula said Colombia’s Foreign Ministry would work with other government ministries and the Confederation of Jewish Communities of Colombia to develop a national initiative against antisemitism.

The effort would also draw on advice from the US State Department’s Office of the Special Envoy to Monitor and Combat Antisemitism, he said, while seeking Israeli participation.

During Wednesday’s reception, Bula criticized the previous administration for what he described as its failure to condemn terrorism clearly and accused it of contributing to “what may be the most virulent wave of antisemitism in Colombia’s recent history.”

“The government of President de la Espriella, this Foreign Ministry and this foreign minister will not remain silent,” Bula said. “We will not let this scourge go unchecked and unchallenged across the country.”

Aisen said attitudes toward Israel became increasingly polarized after the Hamas-led attacks of October 7, 2023, and the subsequent war in Gaza. She said some anti-Israel rhetoric had drawn on longstanding antisemitic conspiracy theories.

“If you open my Twitter account, you will see comments that go back to medieval antisemitism,” she said.

One example she cited concerned Israel’s humanitarian response to Colombia’s devastating earthquake in August. Israel deployed approximately 80 rescue and medical personnel and sent additional medical equipment following the disaster.

Aisen said online allegations had circulated claiming that Israeli rescue personnel had come to Colombia to take children. She described the claims as an example of antisemitic conspiracy theories directed against Israel.

Her particular concern is that hostility toward the Israeli government can extend to Colombia’s Jewish population, with Jews held responsible for Israeli policies or actions.

“The Colombian Jewish community became guilty for everything that the State of Israel does,” she said. “That antisemitism has to be confronted.”

Yet Aisen said her personal experience in Colombia had been markedly different from the hostility she encountered online.

“I feel extremely welcome by everyone I meet, not only people in the government but also members of the general public,” she said. “They thank me for Israel being back in Colombia. They feel that Israel can contribute a great deal to the country and that those two lost years were regrettable.”

Marcos Peckel, executive director of the Confederation of Jewish Communities of Colombia and commissioner to combat antisemitism at the Latin American Jewish Congress, attended both the embassy inauguration and Wednesday evening’s reception.

“For those of us who know the history of what this means, it gave us goosebumps,” Peckel told The Media Line. “It shows that President Abelardo de la Espriella is completely determined to take the relationship between Israel and Colombia to its highest level.”

Peckel, who has served on the World Jewish Congress Executive Committee since 2013, said Colombia’s population, regional influence, and history of commercial and security cooperation with Israel give the embassy decision considerable diplomatic weight.

Peckel’s concern is whether the renewed relationship can survive future changes of government.

Thousands of demonstrators took to the streets in Colombian cities on October 14 to protest de la Espriella’s domestic policies, with some also opposing his renewed partnership with Israel and closer ties to the United States.

Aisen acknowledged that Israel has become part of Colombia’s domestic political divide. The Jerusalem embassy, one of de la Espriella’s most visible foreign policy decisions, could become a target for his opponents, she said.

“As an Israeli, it hurts me to see that Israel became an issue that divides the public,” she said. “It should not be that way.”

Peckel believes cooperation in agriculture, water management, scientific research, trade, and other practical fields could make bilateral relations more resistant to political shifts. He wants partnerships with institutions and influential sectors of Colombian society that can endure beyond the current administration.

“These changes have to outlast governments,” Peckel said. “The challenge in Latin America is to create very strong roots with the people and with important sectors such as agriculture and water, so that if another government comes, it cannot simply undo what is being built.”

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British police said on Friday they were assessing a social media post after the wife of National Security Adviser Jonathan Powell appeared to express support for Palestine Action, a pro-Palestinian group banned as a terrorist organisation.

Journalist and author Sarah Helm, who is married to Powell, responded on X/Twitter to a post about the Irish novelist Sally Rooney, who this week announced her books would no longer be sold in Britain over her plans to use her royalties to support Palestine Action.

Helm said in the post: “God help us authors who support Palestine and Palestine Action.”

In response, a Metropolitan Police spokesperson said the post is “being assessed to determine whether any further police investigation may be required”.

Palestine Action proscribed under UK terrorism laws

Palestine Action was proscribed under terrorism laws last year, so expressing support for the group constitutes a criminal offence.

Asked for comment, a government spokeswoman said: “These views are held by an individual who does not represent the government in any capacity.”

Palestine Action has carried out protests including vandalism in support of Palestinian causes, and denies that this amounts to terrorism. Four members of the group were jailed in June over a 2024 raid on a factory ​operated by defence firm Elbit, which caused more than £1 million of damage.

Amnesty International says more than 3,500 people have been arrested in Britain for alleged support of Palestine Action since it was banned last year, many of them for holding up placards.

Palestine Action challenged the government’s decision to ban the group, but the Court of Appeal ruled in June that the proscription was lawful.

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Former Shin Bet (Israel Security Agency) deputy director Israel Hasson called for an investigation into the failures surrounding the October 7, 2023, Hamas massacre, following statements by the then-Prime Minister’s military secretary, Maj.-Gen. Avi Gil and then-Shin Bet chief Ronen Bar that contradict Prime Minister Benjamin Netanyahu’s accounts of events before and after the attack.

Speaking on 103FM, Hasson addressed the conflicting accounts and questioned how Israel had reached a point where senior security officials and political leaders were publicly disputing responsibility rather than conducting a comprehensive examination of the failures.

“I sat through the Shin Bet’s investigation for four and a half hours,” Hasson said. “An investigation is measured by whether there are questions that were not asked.”

“I told them, ‘I salute you. I don’t have a single additional question that you haven’t asked yourselves, but I’m leaving here without an answer.'”

Hasson pointed to the scale of the October 7 attack and the absence of specific intelligence warning beforehand.

“Three thousand people participated in this attack, and we had no concrete warning,” he said.

Former Shin Bet deputy chief explains intelligence available to Netanyahu’s military secretary

Hasson emphasized that the prime minister’s military secretary has access to a broader intelligence picture than any single intelligence agency possesses at a given moment.

“Avi Gil has the complete intelligence picture, which is not available at every moment within the Shin Bet,” he explained.

“There are 15 officers in the military secretariat. All of Israel’s intelligence information is available to them. His picture is much more comprehensive and complete.”

According to Hasson, the military secretariat is responsible for consolidating intelligence assessments from different agencies and presenting them to the prime minister in an organized manner.

“To avoid a situation where, in quotation marks, everyone is confusing the prime minister, the information goes through a channel that can say: ‘This is what the Shin Bet says, this is what Military Intelligence says, this is what the Mossad says, and what another hundred bodies are saying.'”

Prime Minister and Likud party chairman Benjamin Netanyahu visits supporters in the northern Israeli city of Haifa, ahead of Israel’s upcoming general elections, October 14, 2026. (credit: Sharon Leibel/Flash90)

Hasson says inquiry must establish responsibility for October 7 failures

Hasson expressed frustration over the public disputes surrounding the events of October 7, arguing that a formal investigation is needed to determine where the failures occurred.

“It is so sad that we have reached this point,” he said. “It is so sad that we are fighting in public instead of going and investigating this matter.”

He said a commission of inquiry might not necessarily uncover information unfamiliar to experienced security officials, but would provide the public with a clearer understanding of the failures and their causes.

“A commission of inquiry probably won’t discover something I don’t already know,” Hasson said.

“But it will show the public where the problem was and what caused it. Conclusions will have to be drawn and corrections made to prevent something like this from happening again.”

Hasson cites Agranat Commission on political and military responsibility

Hasson acknowledged that not all intelligence sources can be disclosed to the public, but questioned whether withholding certain information would undermine the ability to establish responsibility.

“It is perfectly legitimate that you and I are not given access to all our intelligence sources,” he said. “The question is whether that currently affects the conclusions.”

He referred to the Agranat Commission, which investigated the failures surrounding the 1973 Yom Kippur War, and its findings regarding intelligence assessments and political responsibility.

“The Agranat Commission said that when there is intent and capability, you do not wait for a warning,” Hasson said.

“They established that. They also established that if the military echelon says one thing, it does not absolve the political echelon of responsibility.”

Hasson argued that security decision-makers should prioritize precautionary action rather than wait for definitive intelligence before responding to a potential threat.

“It is better to call off a state of heightened readiness than to start looking for a reason to act,” he said.

He also referred to previous recommendations to target Hamas leaders in the years leading up to October 7.

“I know how many times in the five years before 2023 there were demands to strike Hamas leaders,” Hasson said.

“There were demands to neutralize them. They said the money was going toward armament. They said everything they said.”

Former Shin Bet deputy chief addresses Ronen Bar’s lawsuit against Netanyahu

Hasson also addressed the lawsuit filed by former Shin Bet chief Ronen Bar against Netanyahu, describing the dispute as extending beyond the former agency director personally.

“In my view, this is not Ronen Bar filing a lawsuit against the prime minister. This is the Shin Bet filing a lawsuit against the prime minister,” Hasson said.

He sharply criticized Netanyahu’s allegations against Bar, calling the extremely serious.

“He attacked him at a level that amounted to betrayal,” Hasson said.

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The decision to award the Nobel Peace Prize to Navi Pillay – who chaired a UN commission that concluded Israel was committing genocide in Gaza – should be a wake-up call. Whether intended or not, the award signals how receptive the world has become to that accusation. Israel’s strategic environment is changing dramatically, and our future is at stake.

Israelis are divided into two camps. One believes the country is doing well. After recovering from the October 7 massacre, Israel’s security position is stable – even stronger than before, as the Yellow Lines in Gaza and southern Lebanon attest. The economy is thriving despite three years of war – witness the strong shekel. And despite our bitter divisions, civil society remains vibrant, enterprising, and marked by solidarity – witness Israel’s high ranking in the World Happiness Report.

The other camp sees a country in crisis. The war drags on, with no diplomatic settlement in sight to ensure lasting stability. The flawed strategic assumptions that preceded October 7 remain unexamined, as no official commission of inquiry has been established to date. This leaves us vulnerable to another disaster. The ultra-Orthodox community shirks its share of the national burden, threatening our economic and security future. Trust in state institutions is eroding, and social tensions are mounting – to the point that some fear civil war.

Yet both camps must confront a danger that transcends their differences: Israel stands on the brink of severe international isolation. That could trap us all in a harsh new reality with potentially grave consequences. This strategic warning demands a fundamental change of course at home, across political lines.

Israel is on the brink of international isolation

Europe, Israel’s largest trading partner, is moving toward sanctions that could seriously damage our economy. Britain and 11 other countries, including Canada, have announced or are considering restrictions on trade in settlement goods. But Israel’s economy does not stop at the Green Line. Almost every major Israeli company could find itself exposed to looming sanctions.

That could trigger a chain reaction. Businesses worldwide might avoid trading with Israel for fear of being branded sanctions violators. Even friends of Israel could pull back – not out of hostility but out of commercial caution. A creeping de facto boycott could transform BDS – boycott, divestment, and sanctions – from a radical fringe cause into a sweeping movement that reshapes life in Israel. We could become a pariah state alongside Russia, North Korea, and Iran.

The United States is Israel’s principal security and diplomatic anchor. Relations with American administrations have sometimes been tense, but broad bipartisan public support held firm. Today, the reverse is true – and this is the heart of the strategic warning.

Cooperation with the current administration is impressive. But it offers tactical reassurance while obscuring a troubling strategic shift: American sympathy for Israel is eroding. The decline extends beyond Democrats, reaching younger Republicans and even young Evangelical Christians.

Anti-Israel attitudes once associated with the radical Left and the fascist Right have gained a foothold in the mainstream. For the first time in decades, Americans are no more likely to sympathize with Israelis than with Palestinians. They are David; we are Goliath.

Israel is on a slippery slope toward a dangerous defeat – economic and diplomatic, and perhaps even in the security arena when a new US administration takes office in just over two years. No one can know how likely each part of this scenario is to materialize.

Shifts in public opinion, national interests, and governments abroad could still work in our favor. But we cannot cling to the complacent belief that “everything will be okay,” or to the illusion that an isolated, self-sufficient “Sparta” could survive. A sudden diplomatic collapse – a “6:29 a.m.” moment echoing the shock of October 7 – is a real possibility.

The forces driving these developments are complex, and not all are within Israel’s control. Still, coalition and opposition alike have a duty to weigh every action, every statement, and every failure to act in light of the long-term implications for Israel’s diplomatic standing, national security, and economy.

This is not a call for Israel to sacrifice its vital interests to appease world opinion. But there is ample room for constructive action. We can take steps most Israelis support – such as stamping out Jewish terrorism – and refrain from rhetoric most Israelis reject, including calls to flatten Gaza or force its residents to emigrate. Israelis in both camps share an overriding interest in preventing this strategic warning from becoming a tragic reality.

The writer is president of the Jewish People Policy Institute (JPPI) and professor emeritus of law at Bar-Ilan University.

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Even the New York Times is worried that the Democratic blue wave is not really going to pan out in the midterms 18 days from now. In fact, their piece this morning is headlined: “Democrats Worry That a Few Senate Races in Bluer States Aren’t Slam Dunks.” Of course they cite Abdul El-Sayed in Michigan, Troy Jackson in Maine, Peggy Flanagan in Minnesota. Yet they left a few out.

James Talarico in Texas who is against oil and gas drilling, and raising cattle or beef meals. Apart from his gender confusion regarding the Lord and the Bible.

And at last night’s debate, the former Alaska Congresswoman, Mary Peltola, fell on her sword when she was answering debate questions with Senator Dan Sullivan (the real Dan Sullivan), by reading off of index cards in full view, which means that either A) she doesn’t know the issue, or B) she got fed the questions ahead of time. Anyway, Mr. Sullivan whooped her in the debate, on the merits. You know why? Because she’s against fossil fuels, which is the Alaskan cash crop.

The Wall Street Journal’s Kim Strassel wrote about it today: “Alaska Considers Economic Suicide.” Basically, under the Biden years, with Ms. Peltola’s support, Democrats banned oil and gas leases, mining projects, timber harvests, stopped new roads, cut back on defense. No oil and gas leases offshore. No national petroleum reserve. No liquefied natural gas money. No oil or gas leases in the Arctic National Wildlife Refuge.

Plus a voting record of chronic absenteeism. And even away from Alaska, remember, the Bidens killed the Keystone Pipeline. There’s another reason why the Republicans are going to win these blue states and red state Senate races, that by the way, right now, are complete toss-ups, even with phony polls that bias the numbers.

Speaker Newt Gingrich and I have been talking about so-called Democratic affordability, and the big government socialist mantra of medicare for all, which basically means if you like your healthcare plan, you won’t be able to keep it. Some 160 million Americans have employer-based healthcare and they like it, but they would lose it under the socialist proposal to nationalize the healthcare system.

The Council of Economic Advisers estimates that to cost roughly $50 trillion over 10 years. Perhaps even worse, piling insult onto injury, is that the Abdul El-Sayeds of the world want free healthcare for all illegal immigrants.

Not only that, they would get benefits for federal programs like SNAP, housing assistance, and Medicaid. So that’s at least another trillion dollars by my lights. So let’s get this right. Affordability means about $10 a gallon for gas. And probably ending gas powered cars. And more than $50 trillion for illegals and state run healthcare. Affordability? You must be kidding. That’s why the Republicans may have a better shot than the Democrats.

This post was originally published here. 

October 16, 2026 | JBizNews | Kyiv, Ukraine

Ukraine is racing to develop a new generation of air-defense weapons as Russia deploys increasingly sophisticated jet-powered attack drones capable of traveling more than 370 miles per hour, outpacing many of the systems Kyiv currently relies on to protect its cities and critical infrastructure.

The expanding threat represents a significant shift in the war. Russia is moving beyond slower, propeller-driven drones toward faster weapons that give Ukrainian defenders considerably less time to detect, track and destroy incoming attacks.

The consequences extend beyond the battlefield. Russian strikes have increasingly targeted power plants, transportation networks, industrial facilities and other infrastructure essential to keeping Ukraine’s economy functioning.

Ukraine now faces a difficult challenge: Russia is expanding production of weapons faster than Kyiv can manufacture and deploy the technology needed to stop them.

Russia’s New Weapons Change the Battlefield

Russia’s Geran-4 and Geran-5 drones represent a major technological advancement over earlier Iranian-designed Shahed drones.

Some models can travel at speeds approaching 600 kilometers per hour, or approximately 373 miles per hour, compared with traditional propeller-driven drones that travel at substantially lower speeds.

That speed advantage is proving particularly difficult for Ukrainian air-defense teams equipped with machine guns and conventional interceptor drones.

Many Ukrainian interceptors operate at speeds of approximately 186 to 248 miles per hour, leaving them unable to catch Russia’s faster weapons in a pursuit.

Fighter aircraft such as the F-16 can intercept the new drones, but deploying expensive military aircraft against relatively inexpensive unmanned weapons creates additional operational and financial challenges.

Russia has also constructed a major drone-launching facility in its Rostov region. Satellite imagery examined by Reuters indicates that the installation was built in roughly six weeks and could significantly expand Moscow’s ability to launch sustained attacks.

Ukrainian Manufacturers Race to Respond

Ukrainian defense companies are accelerating development of faster interceptors, including jet-powered drones designed specifically to destroy Russia’s latest weapons.

Manufacturers are pursuing improved propulsion systems, autonomous targeting and artificial-intelligence technology capable of tracking incoming drones at high speeds.

But developing prototypes is only the first obstacle.

Ukraine must also secure enough jet engines, electronic components and manufacturing capacity to produce the weapons in sufficient quantities.

President Volodymyr Zelenskyy has said Ukraine already has working interceptor prototypes and is expanding production.

The challenge is turning those initial successes into an affordable, reliable defense system capable of responding to large-scale attacks.

Industry estimates suggest that scaling production could take several months, leaving a dangerous gap between Russia’s expanding offensive capabilities and Ukraine’s ability to respond.

Energy Infrastructure and Businesses Face Growing Risks

The growing use of high-speed drones threatens Ukraine’s economic stability at a critical time.

Russian attacks have targeted electricity infrastructure, industrial facilities, railways and other essential transportation systems.

Damage to these networks can interrupt manufacturing, delay shipments, raise operating costs and disrupt everyday business activity.

Electricity shortages also threaten factories, telecommunications networks, retailers and households already struggling with the economic consequences of years of war.

As colder weather approaches, additional damage to Ukraine’s power and heating systems could create further economic and humanitarian pressure.

The attacks also carry implications for Europe, which continues to support Ukraine financially and militarily while managing the wider economic consequences of the conflict.

A New Arms Race With Global Implications

The confrontation is also revealing a broader challenge for the United States and NATO.

Relatively inexpensive drones are becoming faster and more sophisticated, potentially forcing countries to invest heavily in new detection systems, interceptors and electronic warfare technology.

Ukraine’s experience is demonstrating that conventional air defenses alone may not be sufficient against large numbers of rapidly produced unmanned weapons.

For defense manufacturers, the emerging competition could generate significant demand for faster interceptors, small jet engines, artificial-intelligence guidance systems and lower-cost defensive technologies.

For governments, it raises a pressing question: Can defensive weapons be manufactured quickly and cheaply enough to keep pace with increasingly advanced offensive systems?

Russia is betting that mass production and technological improvements can overwhelm Ukraine’s defenses.

Kyiv is betting that its own defense industry can innovate fast enough to close the gap.

The outcome could influence military procurement and air-defense strategies far beyond Ukraine.

JBizNews Desk | Kyiv, Ukraine

© 2026 JBizNews. All Rights Reserved.

October 16, 2026 | JBizNews | New York

America’s largest banks are facing their longest weekly stock-market losing streak since the 2008 financial crisis, as disappointing earnings reactions, elevated interest rates and growing concerns about the economy continue to weigh on Wall Street.

The KBW Bank Index, which tracks 24 major U.S. banking companies, was headed for its sixth consecutive weekly decline Friday. The index has fallen approximately 13% from its August record high, placing the sector firmly in correction territory.

The prolonged decline is particularly notable because it comes during a quarterly earnings season in which several of the country’s biggest financial institutions reported profitable results. Investors, however, are increasingly focused on the challenges ahead rather than profits already recorded.

Bank Earnings Fail to Restore Confidence

JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Wells Fargo and Morgan Stanley reported mixed third-quarter results this week, exposing a widening divide between areas of strength and weakness across the banking industry.

JPMorgan Chase and Bank of America missed analysts’ profit expectations, while Goldman Sachs and Morgan Stanley benefited from stronger equity-trading activity.

Citigroup delivered earnings above expectations but still experienced sharp selling pressure, demonstrating that beating Wall Street forecasts is no longer sufficient to reassure investors.

Investment banking operations have also faced difficulties as companies delay mergers, acquisitions and public offerings amid rising borrowing costs and economic uncertainty.

While trading desks benefited from volatile equity markets, fixed-income trading results were less encouraging at several institutions.

The combination has raised concerns that banks may struggle to maintain earnings growth if financial conditions remain restrictive.

Higher Interest Rates Add Pressure

The Federal Reserve’s September interest-rate increase has contributed to the downturn in banking shares.

Although higher rates can improve banks’ lending margins, they can also raise funding costs, weaken borrowing demand and increase financial pressure on households and businesses.

Persistent inflation has complicated expectations for future rate reductions, forcing investors to reconsider how long restrictive borrowing conditions might remain in place.

The banking sector has significantly underperformed the broader market since the September rate increase, indicating that investors are increasingly concerned about the industry’s earnings outlook.

AI Adds Another Layer of Uncertainty

Artificial intelligence has emerged as an additional concern for bank investors.

Financial institutions are investing heavily in technology to improve efficiency and compete with emerging financial platforms. At the same time, investors are questioning whether AI-driven changes to banking, payments and financial services could challenge traditional revenue streams.

Uncertainty surrounding the wider AI investment boom has also unsettled financial markets, adding pressure to industries sensitive to corporate borrowing and investment activity.

For major banks, these concerns arrive as elevated interest rates are already complicating lending and dealmaking.

Why the Banking Selloff Matters Beyond Wall Street

The significance of the decline extends beyond shareholders.

Major U.S. banks play a central role in financing businesses, commercial real estate, consumer spending and corporate expansion. A sustained deterioration in banking-sector confidence can eventually affect the availability and pricing of credit throughout the economy.

Businesses seeking financing for expansion, equipment purchases or real estate projects could face greater difficulty if lenders become more cautious.

Consumers could also encounter tighter credit standards, particularly if economic growth slows or concerns about loan performance increase.

The current downturn does not establish that a banking crisis is underway. Unlike 2008, when severe losses and funding problems threatened major financial institutions, the present decline primarily reflects investor concerns about valuations, profitability and the economic outlook.

Nevertheless, the historical comparison is difficult to ignore.

What Wall Street Will Be Watching

Investors will now focus on whether the Federal Reserve signals additional interest-rate increases, whether inflation begins to moderate and whether corporate borrowing and investment activity recover.

Bank lending trends, credit quality and the outlook for investment banking will also become increasingly important indicators of the sector’s financial health.

The next several weeks could help determine whether the selloff represents a prolonged reassessment of bank valuations or an early warning of broader economic weakness.

For now, the message from Wall Street is clear: Even profitable financial institutions are struggling to convince investors that the outlook is improving.

And with major U.S. bank stocks recording a losing streak unmatched since the global financial crisis, the pressure is no longer confined to individual companies. It has become an industrywide concern.

JBizNews Desk | New York

© 2026 JBizNews. All Rights Reserved.

From the outside, the townhouse at 153 Maspeth Avenue is distinguishable from its unassuming neighbors by its sophisticated grey painted-brick facade. Asking $2,495,000, the Williamsburg home has been transformed from a humble row house to a showcase of stylish interior design and livability. Optimized and maximalized outdoor space includes a front porch, a garden, several decks, and a four-person sauna. There’s even a private two-car driveway.

After a gut renovation within the last decade, the home is surrounded by views of private gardens and Cooper Park just across the street. Wide windows, high ceilings, and exposed beams frame interior volumes, highlighting natural materials and eclectic design details. Modern comforts and conveniences include zoned heating and cooling, noise-reducing windows, and plenty of built-in storage throughout.

The open parlor level is the home’s main living and entertaining space. White oak herringbone floors and high ceilings are anchored by a custom steel staircase connecting the home’s three levels.

The custom kitchen reflects the same adherence to function and form. Capable appliances include a Bertazzoni gas range, an integrated Bosch dishwasher, an integrated Fisher & Paykel French-door refrigerator with an under-counter freezer drawer, and an under-counter microwave.

A massive center island offers room for prep and seating, and a charming built-in banquette is perfect for intimate dining.

Off the dining area, sliding glass doors access a deck that leads to the professionally landscaped garden below. Mature trees and plantings shelter this quiet oasis overlooking the park.

Upstairs, the primary bedroom offers treetop views and a full wall of built-in closets. A second bedroom has built-in storage as well. The second-floor bath features Clé tiles, chic matte black fixtures, and a deep soaking tub.

The ground level is a charmingly flexible living space unto itself. Exposed beams and polished concrete floors surround an office area and open space that could easily become a media room, den, or gym (or another bedroom). Also on the ground level is a second full bath with a bespoke live-edge wood vanity, hex tiles, and copper fixtures.

Tall sliding glass doors open onto another private patio, which is where you’ll find the four-person built-in sauna with its own shower.

Though it’s currently being used as a single-family home, the townhouse retains its two-family status; a second unit could be created on the ground floor. Outside, the impossibly convenient perk of a driveway and two-car parking is joined by built-in storage for bikes, garbage cans, and outdoor and gardening gear.

[Listing details: 153 Maspeth Avenue by Jennifer Carlson, Roni Dotan, and David Bronowtiz of The Corcoran Group]

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JBIZNEWS | TECHNOLOGY & FINANCIAL MARKETS | OCTOBER 16, 2026

NEW YORK — The global semiconductor industry is experiencing its longest stock-market losing streak in two decades, wiping out an estimated $2 trillion in market value and handing short sellers approximately $32 billion in gains as investors retreat from companies that have powered the artificial intelligence investment boom.

The selloff accelerated Friday, with major semiconductor exchange-traded funds heading toward their ninth consecutive losing session, the longest such decline since May 2006.

According to financial analytics firm S3 Partners, investors betting against semiconductor stocks accumulated approximately $32 billion in gross unrealized profits over seven trading sessions, reflecting the scale of the industry’s rapid decline.

The figures represent a significant reversal for a sector that has attracted enormous investment amid expectations that artificial intelligence will transform the global economy.

$2 Trillion in Market Value Wiped Out

The semiconductor industry’s estimated $2 trillion decline in market capitalization underscores how dramatically investor sentiment has shifted.

Major chipmakers, including Nvidia, Advanced Micro Devices, Broadcom and other semiconductor companies, have faced selling pressure as investors reassess the valuations assigned to businesses at the center of AI infrastructure development.

For years, these companies benefited from accelerating demand for processors powering artificial intelligence models, cloud computing and advanced data centers.

That demand helped drive extraordinary gains in semiconductor shares, increasing the market capitalization of leading manufacturers and making the industry one of the most important contributors to major U.S. stock indexes.

But the latest decline signals growing concern over whether the scale of investment in artificial intelligence can continue to support elevated stock valuations.

The distinction is important: demand for advanced processors remains substantial, but investors are increasingly questioning how quickly their customers can turn enormous spending commitments into sustainable profits.

Short Sellers Gain $32 Billion as Chip Stocks Fall

The semiconductor industry’s decline has produced extraordinary gains for investors who positioned themselves to benefit from falling share prices.

Short sellers borrow shares, sell them and seek to repurchase them later at lower prices. When stocks decline, those positions can generate profits.

S3 Partners estimates that semiconductor short sellers generated approximately $32 billion in gross unrealized gains over seven sessions.

Those gains are based on market valuations and do not necessarily represent profits investors have already collected.

The figures nevertheless highlight the severity of the selloff and the extent to which investors betting against the sector have benefited from the reversal.

A prolonged semiconductor downturn could create further challenges for companies seeking financing, particularly smaller businesses that depend heavily on investor confidence to support research, manufacturing and expansion.

Artificial Intelligence Spending Faces New Scrutiny

The decline comes as Wall Street questions the financial sustainability of the enormous infrastructure commitments supporting the AI boom.

Technology companies are investing billions of dollars in specialized processors, data centers, cooling equipment, electrical infrastructure and high-capacity computing facilities.

Those investments have created tremendous demand for semiconductor manufacturers.

However, many of the companies purchasing AI computing capacity must finance their expansion before they generate sufficient revenue to cover the full cost.

CoreWeave, the Nvidia-backed cloud infrastructure company, has become a prominent example of those concerns.

The company suffered a sharp stock decline this week as investors examined its debt obligations, borrowing costs and ability to finance continued expansion.

Concerns surrounding heavily indebted AI infrastructure providers have increasingly spread to other companies connected to the sector.

If cloud operators and technology companies begin delaying infrastructure projects or reducing capital expenditures, semiconductor manufacturers could face slower order growth.

That risk is particularly significant for companies whose valuations reflect expectations of exceptionally strong future demand.

The Consequences Extend Beyond Silicon Valley

Semiconductors are essential to an enormous range of industries, including automotive manufacturing, telecommunications, defense technology, healthcare equipment, consumer electronics and industrial automation.

The latest stock selloff does not automatically mean demand across those industries is weakening.

However, the scale of the market decline could affect investment decisions, corporate financing and expansion plans.

For the United States, the stakes are especially significant.

Domestic semiconductor production has become a national economic and security priority, with companies pursuing major manufacturing projects to reduce dependence on overseas suppliers.

Those facilities require extensive financing, specialized labor, sophisticated machinery and reliable electricity supplies.

A sustained deterioration in investor confidence could make future expansion more expensive and complicate the funding of new manufacturing capacity.

At the same time, companies with substantial cash reserves and diversified revenue streams may be better positioned to withstand market volatility than heavily leveraged businesses.

A Historic Reversal for One of Wall Street’s Most Important Industries

The semiconductor selloff is unfolding alongside broader pressure on technology shares, with the Nasdaq Composite heading toward one of its worst weeks since April 2025.

Rising energy prices, uncertainty over interest rates and concerns about expensive AI infrastructure are adding to investor caution.

The historic comparison to 2006 is particularly notable because semiconductor companies have since become central to modern technology, national security and global economic competition.

Their importance has expanded dramatically, making large fluctuations in the sector consequential for retirement portfolios, institutional investors and businesses around the world.

The semiconductor industry’s approximately $2 trillion market-value decline also illustrates how quickly expectations can change when investors begin demanding stronger financial returns.

What Happens Next

The immediate question is whether the nine-session losing streak represents a temporary repricing of semiconductor stocks or the beginning of a broader reassessment of AI-related investment.

Investors will be watching upcoming corporate earnings, capital spending announcements and demand forecasts from the industry’s largest customers.

Particular attention will focus on whether major technology companies maintain their AI infrastructure commitments despite increasing pressure to demonstrate profitability.

For semiconductor manufacturers, sustained investment in computing capacity remains critical to future growth.

For investors, the latest decline is a reminder that even industries benefiting from powerful technological trends can experience severe losses when valuations move ahead of financial performance.

After nearly two decades without a comparable losing streak, the semiconductor industry’s latest collapse has erased an estimated $2 trillion in market value while generating $32 billion in gains for short sellers. The central question now is whether Wall Street is witnessing a temporary correction or a deeper financial reckoning for the artificial intelligence boom.

JBizNews Desk | New York

© 2026 JBizNews. All rights reserved.

JBIZNEWS | TECHNOLOGY & FINANCIAL MARKETS | OCTOBER 16, 2026

NEW YORK — CoreWeave, one of the biggest beneficiaries of Wall Street’s artificial intelligence boom, suffered a devastating stock selloff this week as soaring borrowing costs, mounting debt and growing concerns about the financial sustainability of AI infrastructure projects rattled investors.

Shares of the Nvidia-backed cloud computing company fell nearly 25% for the week during Friday’s trading, extending a sharp decline that has erased more than half the stock’s value over the past year.

The selloff has turned CoreWeave into a major test of investor confidence in the artificial intelligence industry’s expansion, with Wall Street increasingly questioning whether enormous investments in data centers and computing power can generate sufficient returns to justify the debt financing them.

The warning signs are appearing in the bond market as well as the stock market.

Borrowing Costs Soar as Investors Fear Default

The most alarming development came in CoreWeave’s debt.

Yields on some of the company’s bonds climbed toward 15% this week, a level typically associated with financially distressed borrowers.

The rising yields mean investors are demanding substantially higher returns to hold CoreWeave’s debt, reflecting concern over its financial obligations and future cash flow.

According to Bloomberg, credit default swaps briefly reflected a market-implied probability of more than 60% that CoreWeave could default within five years.

That figure is derived from credit-market pricing, not a prediction that the company will actually default.

The company has accumulated approximately $50 billion in liabilities while pursuing an aggressive expansion strategy. In 2025, it reported $5.1 billion in revenue but recorded a net loss of approximately $1.2 billion.

Those figures illustrate the central concern facing investors: CoreWeave’s business is growing rapidly, but its infrastructure requires enormous upfront spending before generating the cash needed to support its financing obligations.

Nvidia Steps In as CoreWeave Faces Investor Backlash

Nvidia CEO Jensen Huang sought to reassure investors this week, defending CoreWeave’s business model and expressing confidence in its ability to meet growing demand for AI computing.

Nvidia is both a major shareholder and a critical supplier to CoreWeave, which operates data centers powered by Nvidia’s advanced processors.

The chipmaker also has agreements designed to support demand for CoreWeave’s computing capacity, including commitments extending through 2032.

Huang’s comments helped CoreWeave shares recover during Thursday’s trading, but the relief proved short-lived as selling resumed Friday.

CoreWeave CEO Mike Intrator has also defended the company’s financial position, describing the market’s reaction as irrational.

Supporters argue that demand for AI computing continues to exceed available capacity and that companies establishing infrastructure now could benefit significantly as artificial intelligence adoption accelerates.

Skeptics question whether that demand will translate into enough profits to service the debt accumulated during the expansion.

A $100 Billion Backlog Meets a Financing Reality

CoreWeave has reported a revenue backlog exceeding $104 billion, reflecting substantial future business commitments from customers seeking artificial intelligence computing capacity.

That backlog represents a major source of potential future revenue, but it does not eliminate the financial risks associated with constructing and operating the infrastructure required to fulfill those contracts.

Data centers require substantial expenditures on specialized processors, buildings, electrical infrastructure, cooling systems and long-term power supplies.

Many of those expenses must be paid before customer contracts produce their anticipated revenue.

Rising interest rates can make that financing significantly more expensive.

The company’s funding challenges have therefore become a broader warning for an AI industry increasingly dependent on borrowed capital.

Wall Street Questions Whether the AI Boom Is Becoming a Debt Bubble

CoreWeave’s difficulties are unfolding as investors reconsider the hundreds of billions of dollars being committed to artificial intelligence infrastructure.

The concern is not necessarily that demand for AI technology is disappearing.

Rather, investors are questioning whether the pace of spending has moved beyond what companies can comfortably finance.

Unlike established technology giants that can fund major investments through existing profits and cash reserves, specialized AI cloud providers often depend heavily on outside financing.

That makes them particularly vulnerable when bond yields rise, stock prices fall or lenders become less willing to extend credit.

CoreWeave’s decline has coincided with broader selling across semiconductor, cloud computing and technology shares, contributing to a difficult week for the Nasdaq.

The pressure could eventually affect the entire AI supply chain, from chip manufacturers and construction companies to power utilities and real estate developers building new data centers.

Why This Matters Beyond CoreWeave

The artificial intelligence expansion has become a major source of investment, construction activity and economic growth across the United States.

Data center projects require enormous quantities of electricity, sophisticated equipment, skilled labor and financing.

A sustained loss of investor confidence could delay projects, increase financing costs and force companies to reconsider planned expansions.

That would have consequences beyond Silicon Valley, affecting local economies, contractors, energy providers, suppliers and communities expecting new facilities and employment.

At the same time, companies with stronger balance sheets could benefit if financially strained competitors become unable to expand as quickly.

The key distinction is between the long-term commercial potential of artificial intelligence and the ability of individual businesses to survive the enormous costs of building the infrastructure that supports it.

The Next Test for the AI Industry

CoreWeave’s stock collapse underscores a changing attitude on Wall Street.

Investors are no longer focused exclusively on how quickly AI companies can expand. They are demanding greater clarity about how that expansion will be financed, when it will produce profits and whether companies can withstand higher borrowing costs.

For CoreWeave, the immediate challenge is rebuilding confidence in its balance sheet and convincing bondholders that its long-term contracts can support its debt.

For the broader AI industry, the stakes are considerably larger.

The same financing model that has helped fuel an extraordinary expansion in computing infrastructure is now attracting growing scrutiny.

CoreWeave’s nearly 25% weekly stock decline raises a question extending across the artificial intelligence industry: Can the companies building the future of AI afford to keep building it?

JBizNews Desk | New York

© 2026 JBizNews. All rights reserved.

The Upper East Side townhouse where passionate art collector and tastemaker Barbara Jakobson lived for six decades has listed for $8,995,000. A native New Yorker who was a longtime trustee of the Museum of Modern Art, Jakobson bought the five-story home at 167 East 74th Street in 1966 and lived there until her death at age 92 last summer. The Lenox Hill property first hit the market in April for $9,800,000, following an auction of many of Jakobson’s beloved artworks.

Constructed in 1910 and later expanded in 1956, the townhouse was once home to filmmaker Elia Kazan, who lived there while filming “East of Eden” and “Splendor in the Grass.” During that era, Kazan hosted stars like James Dean, Natalie Wood, and Marlon Brando.

Jakobson and her husband at the time, John Jakobson, bought the home from Arthur T. Hadley in 1966, as the New York Times reported. Jakobson went on to fill the five-story home with a curated collection of paintings, sculpture, and furniture.

The 20-foot-wide house continued to evolve alongside her collection. During a 2021 interview and house tour, she told Curbed: “I see the house as a vessel for an ongoing autobiographical exercise. I keep the transformation as proof of life.”

This past winter, Christie’s presented “Temple of Style: The Barbara Jakobson Collection,” an auction of post-war and contemporary art, design, photography, and prints. As the Times reported, the Jeff Koons sculpture “Winter Bears” sold for $7.6 million. The garden-level bar, built by Tom Sachs using Con Ed barricades, sold for $76,000.

On the garden level, the sunken living room, accessed via a curved staircase, is gallery-esque, with soaring 19-foot ceilings and floor-to-ceiling windows overlooking the garden. The skylit space has a physical reminder of its former resident: the outline of a Frank Stella painting that once hung on the wall.

The living room has a direct connection to the 350-square-foot garden. Also on this level are the main kitchen, a bedroom, and a laundry room.

On the parlor floor, an entry hall lined with custom wallpaper by Peter Halley and three arches leads to the cozy den, which has a fireplace and overlooks the double-height great room.

The third, fourth, and fifth floors contain the property’s remaining bedrooms. The primary suite, which has a kitchenette and separate living space, is on the top floor. In total, the two-family property measures roughly 6,000 square feet, including a two-bedroom duplex apartment located off the entrance.

While some New Yorkers knew the artful history of the address, others in the neighborhood recognized the home as “The Squirrel House,” due to the bronze squirrel sculptures that stood watch at its entrance and the die-cut of sculptures above.

[Listing details: 167 East 74th Street at CityRealty]

[At Christie’s International Real Estate by Leslie Hirsch, Edward Joseph, Howard Morrel, and Benjamin Anderson]

RELATED:

The post Late art collector Barbara Jakobson’s longtime UES townhouse relists for $9M first appeared on 6sqft.

This post was originally published here. 

JBIZNEWS | WALL STREET | OCTOBER 16, 2026

NEW YORK — Wall Street stocks tumbled Friday afternoon as a deepening selloff in artificial intelligence and semiconductor companies pushed the Nasdaq Composite toward its worst weekly performance in more than a year, while oil prices surged toward $110 a barrel and renewed inflation concerns added pressure across financial markets.

As of approximately 3:40 p.m. Eastern, the Nasdaq was down 2.2% and headed for a weekly decline of 4.6%. A weekly loss exceeding 4.68% would mark its steepest drop since April 2025.

The S&P 500 lost more than 1%, while the Dow Jones Industrial Average fell approximately 0.5%, although the blue-chip index remained on track for a weekly gain.

The market’s decline exposed growing concerns about the financial risks underlying the artificial intelligence investment boom, particularly among companies borrowing heavily to finance data centers and computing infrastructure.

AI Investment Boom Faces Growing Financial Pressure

Technology shares led Friday’s losses as investors questioned whether companies investing billions of dollars in artificial intelligence infrastructure could generate sufficient revenue to justify their spending and debt obligations.

CoreWeave, the Nvidia-backed data center company, emerged as one of the most closely watched casualties of the selloff.

Its stock fell approximately 12% Friday, bringing its weekly losses to roughly 25%, as concerns intensified about its borrowing costs and ability to finance continued expansion.

Broadcom declined approximately 3.6%, while the Philadelphia Semiconductor Index extended its losing streak to eight consecutive sessions.

The selloff spread beyond chipmakers to software and communications companies, raising questions about whether investors are beginning to reassess valuations across the broader AI industry.

For much of the past several years, enthusiasm surrounding artificial intelligence has supported major technology stocks and helped drive Wall Street’s gains. Friday’s trading suggested investors are becoming increasingly selective about which businesses can sustain their expansion.

Oil Near $110 Adds Another Threat to the Economy

Energy markets added a second source of pressure.

Brent crude climbed 3.7% to $109.86 a barrel, its highest settlement since May, after reportedly trading above $110 during the session.

The surge reflected continued concern over Middle East energy supplies and shipping security, particularly around the Strait of Hormuz.

Higher oil prices threaten to increase gasoline, diesel, airline fuel and freight expenses, creating additional costs for businesses and consumers.

The combination of falling technology stocks and surging crude prices presents a particularly difficult environment: companies face higher operating and financing costs while investors become less willing to support aggressive expansion.

Federal Reserve Faces Renewed Inflation Pressure

The latest oil rally complicates the outlook for U.S. monetary policy.

Higher energy prices can feed into broader inflation through transportation, manufacturing and consumer goods. If those increases persist, the Federal Reserve could face greater difficulty reducing interest rates.

For technology companies, the consequences are particularly significant. Artificial intelligence infrastructure requires enormous upfront investments, much of which is financed through borrowing or new equity.

Higher financing costs, combined with falling share prices, could make expansion more expensive and place additional pressure on companies that have yet to demonstrate consistent profitability.

Investors are increasingly examining whether the enormous capital commitments supporting the AI boom can deliver returns quickly enough to justify current valuations.

Midterm Elections Add Political Pressure

Friday’s market decline comes just 18 days before the November 3 midterm elections, adding another economic challenge for President Donald Trump and Republican candidates seeking to maintain control of Congress.

The White House has emphasized economic growth, lower energy prices and investment in American technology as central elements of its economic agenda.

However, surging oil prices and renewed stock market volatility risk complicating that message at a politically sensitive moment.

The immediate economic impact extends beyond Wall Street. Higher gasoline and transportation expenses affect household purchasing power, while stock market losses can weaken confidence among investors and businesses.

Democrats have increasingly focused their election messaging on affordability and the cost of living, while Republicans have emphasized tax policy, investment and economic growth.

Although stock market fluctuations do not determine election results, sustained increases in energy prices could become an additional concern for voters already focused on household expenses.

What Wall Street Is Watching Next

Investors enter the coming week confronting several interconnected risks: continued pressure on AI and semiconductor valuations, rising global energy prices, uncertainty surrounding Federal Reserve policy and geopolitical developments affecting oil supplies.

The Nasdaq’s weekly decline is particularly significant because technology companies have been among the strongest contributors to market gains in recent years.

A prolonged retreat in those shares could affect retirement portfolios, institutional investments and companies seeking to raise capital.

The next test will be whether technology stocks can stabilize and whether global energy markets begin to retreat from their latest highs.

With the Nasdaq heading toward its steepest weekly decline since April 2025 and oil again approaching $110, Friday’s trading highlights the growing collision between geopolitical instability, expensive energy and mounting questions about the sustainability of the artificial intelligence investment boom.

JBizNews Desk | New York

© 2026 JBizNews. All rights reserved.

JBIZNEWS | ENERGY, ECONOMY & POLITICS | OCTOBER 16, 2026

NEW YORK — Global oil prices surged above $110 a barrel Friday for the first time since May, delivering another economic setback for President Donald Trump just 18 days before the November 3 midterm elections, as escalating Middle East hostilities threaten energy supplies, raise inflation concerns and complicate Republicans’ efforts to retain control of Congress.

The benchmark Brent crude oil price briefly crossed the critical $110 threshold amid renewed attacks on shipping routes and energy infrastructure. Brent futures were subsequently quoted near $109.86 a barrel, their highest level since May 19, while U.S. West Texas Intermediate crude closed at $101.41, gaining approximately 3.5% in a single session.

For the White House, the timing could hardly be more consequential.

Trump has made lower energy costs a central part of his economic agenda, but continued conflict involving Iran, Houthi attacks and disruptions to Russian energy infrastructure are pushing oil prices in the opposite direction. The resulting increases in gasoline, diesel and transportation costs are reaching American consumers at precisely the moment both political parties are making their final appeals to voters.

A Global Energy Crisis Collides With the Midterm Elections

The rise above $110 represents more than another milestone in commodity trading. It highlights a growing political challenge for an administration seeking to demonstrate economic progress before voters decide control of the House and Senate.

A Pew Research Center survey conducted September 28 through October 4 found that 84% of registered voters consider the economy very important to their congressional vote.

The same survey showed Democratic congressional candidates holding an eight-percentage-point advantage over Republicans nationally, with President Trump’s approval rating at 30%.

Those findings preceded Friday’s latest oil rally.

Rising energy prices now threaten to reinforce voters’ concerns about affordability, particularly among households already struggling with gasoline, groceries, housing and transportation expenses.

The danger for Republicans is not simply the price of oil itself. It is the possibility that voters will connect the worsening cost-of-living picture with the administration’s economic and foreign policies.

Republicans Rework Their Election Strategy as Gas Prices Rise

The political consequences are already visible.

Republican campaign organizations have been shifting resources toward defending competitive seats, including contests in traditionally Republican states where higher living costs and dissatisfaction with the Iran conflict have complicated the electoral landscape.

Financial Times reporting this week showed Republicans committing hundreds of millions of additional dollars to congressional races amid intensifying competition.

Meanwhile, Trump has increased campaign appearances in an effort to energize Republican voters, while some GOP candidates have focused their messaging on tax reductions, public safety and local economic concerns rather than making the president the central subject of their campaigns.

Democrats have taken a different approach, emphasizing affordability and connecting Republican candidates to Trump’s record.

According to Associated Press reporting Friday, Democrats have spent more than $163 million since September 1 on television advertisements referencing Trump, compared with approximately $11 million in Republican advertising that mentions him.

The energy crisis has become part of that broader contest over economic credibility.

The political risk is particularly apparent in Kansas, where Republican Senator Roger Marshall warned in July that gasoline prices in October could determine the midterm elections. Since then, gasoline and diesel costs have risen sharply, and his reelection contest has attracted increased national attention.

Trump Faces a Difficult Choice Over Iran and Oil Prices

The administration is attempting to balance competing priorities: maintaining pressure on Iran, protecting Middle East shipping routes and preventing further increases in energy prices.

Yet seven months into the conflict, international oil markets remain vulnerable to fresh attacks.

Recent threats to vessels traveling through the Strait of Hormuz, renewed Houthi military operations and strikes affecting energy infrastructure have created uncertainty over the reliability of oil deliveries.

At the same time, Ukrainian attacks on Russian refining facilities have added another layer of instability to global petroleum supplies.

Efforts to ease restrictions affecting some Russian oil shipments, combined with emergency petroleum stockpile releases, have so far failed to eliminate the market’s concerns.

The International Energy Agency has committed substantial additional emergency supplies, but the continuing rise in crude prices illustrates the limits of such intervention while military threats remain unresolved.

The White House also faces a political complication: lower gasoline prices could provide immediate economic relief before the elections, but achieving that objective depends partly on international security developments that cannot be resolved through domestic economic policy alone.

Higher Oil Prices Threaten Inflation, Transportation and Consumer Spending

The consequences extend well beyond Washington.

National gasoline prices have climbed above $4.30 a gallon, substantially increasing the cost of driving for American households.

Diesel prices present an additional threat to trucking companies, manufacturers, construction businesses and retailers that depend on ground transportation.

Airlines face higher jet fuel expenses, while ocean freight operators must contend with increasing fuel costs, shipping insurance premiums and the possibility of longer delivery routes around dangerous waterways.

These additional expenses can ultimately reach consumers through higher prices for food, merchandise and essential services.

For the Federal Reserve, another sustained increase in energy costs could complicate efforts to control inflation. Higher fuel and freight expenses can spread through supply chains, making it more difficult to justify lower interest rates even as businesses face increasing borrowing costs.

Small businesses are particularly exposed because many lack the financial flexibility to absorb sudden increases in operating expenses.

The Final 18 Days Could Be Critical

With early voting already underway in several states, the administration has limited time to demonstrate that energy costs are moving in the right direction.

Even if crude prices begin to retreat, reductions at gasoline pumps may take time to reach consumers. Conversely, continued supply disruptions could keep petroleum prices elevated through Election Day.

Republicans retain substantial campaign resources and are counting on Trump to motivate voters who might otherwise stay home. Democrats are concentrating on economic dissatisfaction and the president’s handling of the Iran conflict.

Friday’s oil rally adds pressure to that contest.

The price of crude does not determine an election on its own. But when 84% of registered voters identify the economy as a major voting issue, a sharp increase in the world’s most important energy commodity becomes difficult for either party to ignore.

Oil crossing $110 just 18 days before the midterms is no longer merely an energy-market story. It is an economic shock arriving at one of the most politically sensitive moments of the year, with consequences for American businesses, household budgets and the battle for control of Congress.

JBizNews Desk | New York

© 2026 JBizNews. All rights reserved.

For many women, menopause symptoms like sleep problems, joint stiffness, hot flashes, and more don’t bring just one doctor’s appointment—they bring multiple.

On average, women see “five or six doctors to try and figure out all the little parts and pieces of what’s going on with your body” once they hit perimenopause and menopause, Paula Schneider, CEO of the Institute Advancing Women’s Health, said Tuesday at the Fortune Most Powerful Women Summit in Santa Barbara, Calif. “And there’s no holistic health,” she said.

Reshema Kemps-Polanco, executive vice president and chief commercial officer of pharmaceuticals company Novartis US, sees a possible fix using AI. 

“One of the greatest things I think that AI can do in health care is to help connect the dots and help connect the dots sooner,” she said during the panel, which was sponsored by Novartis and moderated by Fortune’s Ellie Austin. “Many times we try to do these things in isolation … and you make a dent here, you can make a dent there.”

“But now we can solve [these problems] in a different way: better, faster, different, cheaper,” she continued. “The thing that I’m hopeful for is how can companies leverage AI, and it will be multi-sector—whether it’s with government, with AI companies, with the industry, or what have you—to start to close some of these critical care gaps.”

Schneider, whose nonprofit focuses on women from age 45 on, said part of the problem starts in training. Future OB-GYNs get only “about two hours, if that” of medical school education on women’s midlife health. Her institute is partnering with a medical certification company to create continuing medical education for clinicians, using AI to build evidence-based training, Schneider said. It is also teaching women what questions to ask their providers.

And bouncing between specialists isn’t unique to menopause in women’s health. Kemps-Polanco said many women face “a constellation of symptoms that require women to go to different types of doctors, and each gets treated in isolation.” She pointed to autoimmune conditions as another example, saying women can make up as much as 80% of patients in some cases. For Sjögren’s disease, one of the autoimmune conditions Novartis is working on, she said patients wait an average of four years for a diagnosis.

That’s where Kemps-Polanco sees an opportunity for using AI. A patient might see a dermatologist, a rheumatologist, and a primary care doctor, she said, and “you can’t always count on those records being connected.” She has seen the problem firsthand. Sitting in an emergency room with symptoms she didn’t know were connected, she typed them into an AI tool. 

“Now I don’t know how accurate it was, but it did help me have a conversation,” she said. “It really got me thinking [about] what is now possible for patients—women, men, what have you—to be able to now connect those dots and get screening, treatment, diagnosis, and cure sooner.”

Wendy Barnes, president and CEO of GoodRx, said women should still look for a human in the loop. Asked how to evaluate the wave of new midlife health platforms, she said care should be backed by clinical evidence and patients should be able to “engage with an actual clinician, as opposed to it completely being AI enabled.”

This story was originally featured on Fortune.com

This post was originally published here. 

Israelis will vote on security on October 27. The Torah portion read 10 days earlier tells them what security is, and who has failed to deliver it.

Ten days before Israelis vote, the Torah portion of Noah tells of two catastrophes: the flood and the Tower of Babel. Twice humanity undoes itself: first by tearing itself apart and then by forcing itself into one mold.

The destruction is not done by an enemy at the gate. It is inflicted from within.

The Torah charges the flood generation with a word no Israeli can hear without flinching: “hamas.” The Malbim explains it as the robbery of justice and fairness: stolen courts and stolen fair dealing, the two things that stand between ordinary people and the strong.

Israel has met “hamas” from outside with courage, at a terrible price. This election asks about the other kind.

Israelis will vote, as always, on security.

A reservist friend of mine, a Mizrachi father of three, told me: “I don’t vote Likud because I admire [Prime Minister Benjamin] Netanyahu. I vote because I want my kids to sleep, because I don’t trust the alternatives to keep us safe, and because I’m tired of being spoken about like I’m a problem.”

He is not a problem. He deserves an answer, not a lecture.

What makes a country secure, not merely powerful?

Power is the capacity to strike, and Israel has it in abundance. Security is a society’s capacity to absorb a blow, hold together, and sustain itself. Power did not save Be’eri or Nir Oz.

The prophet Isaiah teaches that peace, quiet, and lasting security are the work of righteousness. Security is not where a nation begins but what it harvests.

Israel’s founders built the state on “the foundations of freedom, justice, and peace.” Three stones. Test any government against them.

The first is freedom, which lives or dies by the rule of law, binding the ruler as tightly as the ruled. Without it, freedom is a favor, withdrawn at will by whoever holds power.

Babel is the Torah’s portrait of its absence: one language, one purpose, and a power from which nothing would be withheld. That is not a strong government, but an unrestrained one. Nobody living under it is free.

The outgoing coalition set about building that tower, changing how judges are chosen and legislating that from January 2027 the attorney-general’s opinions will not bind the government. The tower was visible from Gaza.

In March 2023, Yoav Gallant, then the defense minister, warned that the rift over the judicial overhaul posed “a clear and immediate danger” to the security of the state. The next day Netanyahu announced his dismissal.

In July, the head of the Shin Bet (Israel Security Agency) warned him of war, judging that our enemies saw weakness. On October 7, our enemies acted on what they saw.

Avi Gil, Netanyahu’s military secretary that morning, broke his silence last week: recommendations for targeted operations in Gaza were not accepted.

He also said the prime minister prioritized his coalition over a deal to bring home living hostages. Netanyahu claimed Gil chose not to wake him.

I cannot tell you whose account is true. Neither can you, because three years on, there is still no state commission of inquiry.

THE SECOND stone is fairness: a society invested in the other is the opposite of “hamas.” When Reuben and Gad asked to settle beyond the Jordan River, Moses asked whether they would sit at home while their brothers went to war. They promised to march at the front.

In July, while reservists served round after round, the coalition passed legislation to protect draft evaders from arrest. In September, the Supreme Court struck the law down as an unconstitutional injury to equality.

Meanwhile, one Israeli in six lives in poverty. Men and women do not fight hardest for a tower built on their backs. They fight hardest for a home where everyone counts.

The third stone is peace, and here the record is starkest: for 15 years, Netanyahu’s governments claimed they could “manage the conflict,” containing Hamas with periodic blows and Qatari cash he allowed into Gaza from 2018, by his own reported account, to keep the Palestinians divided.

Molad’s study, The Failure of Deterrence, concluded that this concept “planted the seeds of the catastrophe.” Quiet bought is not peace built.

Tamir Heyman, former head of Military Intelligence and now head of the Institute for National Security Studies, described an unwritten security doctrine taking hold since October 7: war as a permanent condition; peace no longer a goal but a means; separation from the US as “inevitable and even essential;” and the state’s Jewish identity placed above its democratic one.

The Declaration of Independence David Ben-Gurion read says the opposite: a Jewish state built on freedom, justice, and peace, with equal rights for every citizen.

Ben-Gurion taught that the state is built in the quiet between wars; this doctrine builds it by and for war. It was never put to the people. It is being put to you now.

Washington is already answering: 60% of American adults view Israel unfavorably, and in June, US Vice President JD Vance said that in Israel’s place, he “might not be attacking the only powerful ally” it has left.

Israel used to count on both American parties. Thanks to this government, it cannot count on one.

Three foundation stones, and on every one the record runs the wrong way. That is the opposite of security.

After the flood, God set a rainbow and promised never again to destroy the world. He undertook what He would not do, and nothing about what we should do. The rainbow is no guarantee of our safety. It is a transfer of responsibility.

I have spent enough years close to politics, including as chief executive of Britain’s Conservative Party, to be wary of politicians’ promises, and I cannot promise you the opposition is equal to every task.

But the test is not who sounds toughest.

Ask three questions: Who will restore institutions every citizen can trust? Who will share the burden fairly, so the reservist no longer carries it alone? Who will rebuild the alliances and political horizon that turn power into lasting security?

Noah’s father named him with a prayer: that this child would bring comfort from the toil of their hands. Every Israeli parent prays the same: that the children sleep, the sirens stop, and the uniform can finally be hung up.

My reservist friend deserves that comfort. He will not get it from the man who has promised it since 2009 and delivered the polar opposite.

On October 27, when we vote on security, we must vote for the real thing: the foundation stones that enable us to be a free people in our land.

The writer is co-founder of The London Initiative, a former chief executive of the Conservative Party, and a former chairman of the Jewish Leadership Council.

This post was originally published on here. 

Israel’s media is reporting astonishing news this week: in the polls, Prime Minister Benjamin Netanyahu’s bloc has overtaken that of Gadi Eisenkot.

After all the failures, disasters, scandals, and debacles of recent years, could Netanyahu really be heading for another victory? According to the reports, apparently so. In reality, not so much. We are seeing a misreading of the polls.

According to recent surveys, Netanyahu’s bloc has about 53 seats in the 120-member Knesset, while Eisenkot’s bloc stands at 51 or 52 – but only because of artificial exclusions.

When all the parties opposed to Netanyahu’s continued rule, meaning the right-wing and haredi (ultra-Orthodox) bloc, are counted together, the total reaches about 67 seats. That is a solid parliamentary majority, six seats above the threshold required, and virtually unprecedented in Israel’s modern political era.

For at least the past half-century, since the end of Mapai’s one-party dominance era, a prime minister whose opponents held 67 seats two weeks before an election would have been described as heading toward defeat.

Instead, the public is being told that Netanyahu is leading.

How does this happen? Quite simply, the political blocs are being counted in a way that serves Netanyahu.

Parties opposed to him are excluded from the change bloc because they are not considered natural coalition partners, prefer a national unity government, or because they have ideological disagreements with other opposition parties.

The result is the false appearance of a close race, or even a right-wing advantage, when the numbers themselves tell a very different story.

Herein lies the fundamental mistake: a solid political bloc and a governing coalition are not the same thing. Elections first determine the balance of power in the Knesset. Only afterward do negotiations over forming a government begin.

A party can oppose Netanyahu without committing to join an Eisenkot government, and it can support a government from outside the coalition without becoming part of it. A recommendation to the president is another matter entirely.

The conflation of these concepts has become a powerful political tool in Netanyahu’s hands.

Three factors illustrate just how misleading the conventional arithmetic has become: the Reservists party, the Arab parties, and Ofer Winter’s party.

Start with the Reservists party. This new outfit, which receives four seats in some polls, is excluded from the change bloc because its leaders favor a national unity government. Fine.

But a preference regarding the composition of a government is hardly equivalent to supporting Netanyahu’s continued rule.

The Reservists’ positions on the judicial overhaul, equality in military service, the political system, and even the Palestinian issue are considerably closer to those of the camp seeking to replace Netanyahu than to his alliance with Finance Minister Bezalel Smotrich, National Security Minister Itamar Ben-Gvir, and the haredi parties.

Even if they are unwilling to commit in advance to an Eisenkot-led coalition, there is no political logic in portraying them as an entirely neutral force.

At the very least, they should be regarded as potential members of the change bloc, even if they would be reluctant partners who set conditions. Their preference for unity does nothing to change the fact that the current government is a long way from the political vision they present.

Arab parties and Ofer Winter

The second distortion is much larger and more consequential: the Arab parties.

This may be Netanyahu’s most impressive political achievement.

For years, he has managed to persuade large sections of the public, including his political opponents, that the votes of Israel’s Arab citizens somehow count for less when determining who has won an election.

The Right is allowed to count all its natural allies, while the Center-Left is expected to behave as though a substantial portion of its potential majority simply does not exist.

There are, of course, profound ideological differences between the Arab parties and the Zionist parties of the Center and Left. Israel’s Jewish character creates discomfort, and the Israeli-Palestinian conflict and national security present genuine difficulties.

It is also clear that Eisenkot, Avigdor Liberman, and Naftali Bennett are reluctant to form a government dependent on Arab parties, or even to be seen as willing to do so.

But this is where the confusion Netanyahu has so successfully cultivated begins: whether a particular party will join a coalition is a different question from whether its seats can prevent Netanyahu from forming a government.

Israeli history has already provided examples. In 1992, Labor and Meretz won 56 seats, while the five seats held by Hadash and the Arab Democratic Party gave Yitzhak Rabin’s camp a parliamentary majority of 61. Nobody doubted Rabin had won.

Rabin formed a government with Shas, but after its departure he relied on outside support from the Arab parties.

In 2021, Yair Lapid succeeded in assembling the coalition that removed Netanyahu from power, with the four seats of the Islamist Ra’am party forming an essential part of its majority: 61, to which Bennett, much like Shas in Rabin’s day, simply added his seats.

Netanyahu, by contrast, is never required to explain why the haredi parties, which oppose drafting their young men into the military and demand budgets and privileges that provoke widespread public resentment, are legitimate partners in his bloc. Their seats are counted automatically.

But when it comes to Arab parties, ideological disagreements suddenly become grounds for excluding them from the calculation. Suddenly, unlike in years past, they have disappeared from the opposition bloc in the media’s pie charts.

Netanyahu has managed to turn this double standard into a political convention.

The third factor, and perhaps the most intriguing of all, is a new party led by firebrand Brig.-Gen. (res.) Ofer Winter.

Winter has declared that he will recommend to the president that Netanyahu be tasked with forming the next government, so it is natural to count him initially with the Right.

Although Winter is an unmistakably right-wing figure, he also supports drafting haredi men into the military, a position that puts him on a collision course with Netanyahu’s haredi partners.

How can he sit in a government dependent on parties that oppose one of the central reforms he wants to advance?

Suppose Winter recommends Netanyahu, as promised. Even with Winter, however, Netanyahu reaches only 53 seats, according to the numbers under discussion. He is eight short.

A presidential recommendation cannot manufacture parliamentary seats that do not exist, and if Netanyahu cannot recruit additional partners, he cannot form a government.

At that point, another possibility could open up for Winter: joining a government of change focused on rebuilding the country.

There is no guarantee he would choose that path. But there is also no reason to assume that a declaration of loyalty to Netanyahu during an election campaign necessarily determines his behavior under every possible post-election scenario.

Urgent national tasks

The next government of change would face an enormous agenda, much of which would not require agreement on the Israeli-Palestinian conflict.

It would need to repair Israel’s foreign relations, address the military draft crisis and relations with the haredim, restore basic standards of good governance, combat rampant crime, and establish an independent state commission of inquiry into the failures of October 7.

These are urgent national tasks on which broad agreement could emerge, even among people with radically different views about the future of the territories.

Winter would not be a natural partner for a major diplomatic initiative with the Palestinians. But such an initiative is unlikely to get underway in the first year or two of the next government anyway.

During that period, simply preventing further damage would be an important achievement: curbing Jewish terrorism in the West Bank, halting the establishment of illegal outposts, and avoiding measures that would deepen Israel’s international isolation.

Agreement with Winter on some of these issues would be difficult, but there is no reason to assume in advance that every compromise is impossible.

Eisenkot, Bennett, and Lapid are projecting growing confidence that they can form a government based on a Jewish parliamentary majority, without relying on the Arab parties. Clearly, that confidence rests on precisely the scenarios described above.

And with the addition of outside support from the Arab factions, something they have already promised free of charge, such a government could conceivably enjoy an enormous parliamentary majority.

The coming election could therefore very well bring Netanyahu’s rule to an end.

That possibility may be considerably closer than the public realizes, simply because the media continues to present the political landscape according to rules that Netanyahu himself has managed to establish.

Caution is necessary, of course, because polls are not votes cast at the ballot box. But it is equally important to read the polls correctly. That matters if the change bloc is to find the fighting spirit needed to bring masses of voters to the polls.

And there is room for hope. As Theodor Herzl famously put it, “If you will it, it is no dream.”

Especially when the alternative is failure and Netanyahu somehow remaining in power, which would be a catastrophe threatening the very future of the state.

The writer is a former Cairo-based Middle East editor and London-based Europe/Africa editor of the Associated Press. He served as chairman of the Foreign Press Association in Jerusalem and authored two books about Israel.

This post was originally published on here. 

US President Donald Trump told reporters on Friday that Saudi Arabia would likely accept assistance from Israel in its fight against the Houthi rebels in Yemen, adding that efforts to bring the kingdom into the Abraham Accords could be revived.

When asked whether Saudi Arabia should accept the assistance Israel was offering against the Houthis, Trump replied, “Yes, I think so.”

“I think they will do it. Absolutely,” Trump said when asked whether he had spoken with Saudi Arabia about the possibility. “Israel has been very helpful to Saudi Arabia, and yes, they would certainly do it,” he added.

Trump raises possibility of expanding Abraham Accords to include Saudi Arabia

Trump also expressed confidence that the Abraham Accords could gain renewed momentum with Saudi Arabia.

“Perhaps more than ever,” Trump said when asked whether the accords were back on the table with the kingdom.“The Abraham Accords are one of our greatest achievements, and yes, I would say perhaps now more than ever,” he said.

“But Saudi Arabia is very happy to receive support from Israel and from us,” Trump added.

Saudi Arabia has not established diplomatic relations with Israel, and the kingdom’s potential participation in the Abraham Accords has remained a major goal of Trump’s Middle East policy.

Trump previously said that a US-Saudi civilian nuclear cooperation agreement was contingent on Saudi Arabia joining the accords and normalizing relations with Israel.

The comments came as the Houthis intensified attacks against Saudi Arabia. The Houthis struck Saudi Arabia’s presidential palace complex on Thursday, killing five, and in a separate attack struck Riyadh’s King Khalid International Airport, killing 17 and injuring over 300.

Reuters contributed to this report.

This post was originally published on here. 

Hyundai is recalling 94,622 vehicles over a fire risk associated with the overheating of motors on powered front seats, according to a National Highway Traffic Safety Administration recall report.

“The front seat slider and height adjustment control switch used on non-memory power seats in the
subject vehicles may become dislodged or damaged when subjected to external force(s), potentially
causing the switch to remain engaged and the seat adjustment motor to operate continuously, even
after the occupant exits the vehicle,” NHTSA said in the recall report.

The agency said that prolonged use of the motor may result in overheating, increasing the risk of a fire while driving or parked. NHTSA said warning signs include a burning odor and inoperative seat control switches.

TOYOTA RECALLS 31,000 RAV4 PLUG-IN HYBRIDS THAT MAY SHUT DOWN AT HIGH SPEEDS

The recall affects 39,978 model year 2017-2020 Genesis G80 and 54,644 model year 2015-2016 Hyundai Genesis sedans.

Hyundai estimates 1% of the vehicles under recall have the defect.

A remedy for the recall is currently in development, the report said.

MORE THAN 265K RAM VEHICLES FACING RECALL OVER STEERING DEFECT, REGULATORS SAY

NHTSA recommends owners of the affected cars park outside and away from other vehicles or structures until the repair has been completed.

Owners will be notified via mail and can bring their vehicle to a Hyundai dealer or Genesis retailer for the repair. 

The service will be free of charge.

Hyundai said it is aware of two incidents involving an alleged fire associated with the defect. The company said there have not been any crashes or injuries related to the issue in the U.S. as of Oct. 1.

FOX Business reached out to Hyundai for comment.

This post was originally published here. 

Russian drones killed at least three people across Ukraine early on Friday, hit two shopping centers and temporarily knocked out power to over 1 million people nationwide after strikes on the energy grid, officials said.

A 71-year-old woman and a 58-year-old man died, and 12 more people were wounded in attacks on three districts of the eastern city of Kharkiv, Governor Oleh Syniehubov said. He had earlier put the death toll at three.

Ukraine’s energy ministry said its repair crews had restored power to over 1 million people who lost it in Russian attacks on Friday. It was unclear how many people were still without power.

Almost 300,000 remain temporarily without power

In the northwestern region of Volyn, which borders Poland, a drone strike on a food-processing facility killed one person and wounded eight others, according to Governor Roman Romaniuk. He said 370,000 people were temporarily without power in the morning, although 100,000 of them got supply back later on.

The blackout could last for at least 24 hours in Volyn’s regional capital, Lutsk, Mayor Andriy Razumovskyi said on Facebook.

Romaniuk said that drone attacks continued throughout the day, striking a customs terminal and torching about 10 trucks in the town of Kovel, which sits on a major trunk road from Kyiv to Poland.

Other attacks hit at least two shopping centers, one in the northern city of Sumy, which sits close to the front line, and one in the neighboring region of Rivne, officials said, the latest in a spate of Russian assaults on malls and markets.

Pictures from emergency services in Sumy showed blood spattered across the floor and shots of the center’s damaged entrance.

Seven people were wounded by drones that hit a major shopping center and other sites in Rivne, regional governor Oleksandr Koval said.

Ukraine’s energy ministry said large parts of the city of Rivne and the surrounding area were without power after attacks on energy infrastructure there.

Russia, US to announce new joint initiatives beyond diesel deal

Russia and the United States will soon announce new joint initiatives beyond a recently agreed diesel deal, President Vladimir Putin’s investment envoy Kirill Dmitriev said on Friday.

Dmitriev said the two countries were discussing joint data center projects, including facilities that could use electricity generated by Russian nuclear power plants.

Dmitriev said that the projects would be launched before the end of what Moscow calls its “special military operation” in Ukraine.

Following a report in the Financial Times that the US had proposed European countries transfer some frozen Russian assets to a vehicle overseen by Washington to try to revive stalled peace talks, Zelensky said that Ukraine could not risk any deal being struck to return the assets to Moscow.

Ukrainians struggling with a fifth year of Russian attacks on their power grid and other civilian infrastructure have said they are appalled by Trump’s decision to open the US market for Russian diesel. They have also condemned his attempts to blame fuel shortages caused by the Iran war on Kyiv’s military strikes on Russian refineries.

“In my view, we cannot accept these diesel deals, these agreements, because gas deals will follow. I am absolutely certain of this. Sanctions will be lifted on other things as well after gas,” Zelensky told reporters in Brussels.

This post was originally published on here. 

New polling data presented by CNN on Wednesday revealed a significant divide between New York City Mayor Zohran Mamdani and Jewish voters in New York state, pointing to a sharp erosion of traditional support for the Democratic Party among this group.

According to a September Siena poll, 64% of Jewish voters in New York state view Mamdani unfavorably, compared with 33% who view him favorably.

The disparity is particularly striking when compared with the broader electorate. Statewide, Mamdani, a democratic socialist elected mayor in November 2025, holds a 46% favorable rating, compared with 44% who view him unfavorably. Among Jewish voters, however, the figures tell a markedly different story.

CNN analysis reveals 31-point favorability gap among Jewish voters

In an analysis presented on Wednesday, CNN senior data analyst Harry Enten reported that Mamdani had a net favorability rating of minus 23 percentage points among Jewish voters, compared with a positive eight-point rating among voters statewide.

The figures represent a 31-point gap between Jewish voters’ attitudes toward the mayor and those of the general electorate.

Enten linked the findings to Mamdani’s positions on Israel and Prime Minister Benjamin Netanyahu, which he said do not align with the views of many Jewish voters in New York.

This post was originally published on here. 

U.S. import and export prices jumped far above economists’ expectations in September, underscoring mounting inflation pressures.
Prices for American exports surged 2.2 percent, from an upwardly revised 1.2 percent in August, according to the Bureau of Labor Statistics.
This blew past the consensus forecast of 1 percent and represented the biggest monthly increase since April.
Last month’s spike was broad-based, with prices for both agricultural and nonagricultural products climbing 2.6 percent and 2.1 percent, respectively.
On the agricultural front, higher costs for corn, soybeans, and wheat contributed to the reading.
The bureau also pointed to higher import prices for industrial supplies and materials.
Showcasing the ongoing artificial intelligence infrastructure buildout, capital goods import prices are up more than 8 percent from a year ago, and import prices for nonelectrical machinery goods jumped 10.4 percent….

This post was originally published here. 

Serving on boards can unlock new industry influence and career growth—but women are increasingly being shut out of the room.

Board placements for women are down 33% over the last year, according to Merline Saintil, the cofounder of Black Women on Boards. The veteran executive said companies are looking for specific titles when picking new members—and most of them are titles that women have been underrepresented in.

“Placements are happening, but they’re happening specifically for CEOs,” Saintil told editorial director Diane Brady at Fortune’s annual Most Powerful Women Summit. “We’re back to CEO, CFO profile now. So if you’re a technologist or someone outside of that, I would just say keep relationship building, keep networking.”

In a discussion with other leaders from Heidrick & Struggles, TwinPoint Collective, and Logitech, the executives discussed the changing landscape for board recruitment and how women can position themselves for a seat. Jane Bargmann, global managing partner of private equity, industrial and life sciences at H&S noted a growing trend of leaders ditching their day jobs for a full-time board career. She said they’ll join a slew of publicly-traded and PE companies, spending their “retirement” brokering deals and serving on boards of portfolio companies. 

“What we’re seeing now is people make the decision to step out of a full-time role or an operating role earlier and build a portfolio of boards,” Bargmann said. “Some retired individuals are just as busy as CEOs.”

But the executives warn against throwing in the towel too soon. Hanneke Faber, CEO of software manufacturer Logitech, has found that boards aren’t recruiting members who have kicked their feet up. Companies are looking to bring on C-suite candidates who are in-the-know, and able to keep up with today’s fast pace of change. The Logitech leader agrees with Bargmann that recruiters are on the hunt for CEOs and CFOs, but also drawing from the C-suite more broadly—where women have an opening.

“This thought of, ‘Let me step out of my day job and go do boards,’ [is] not such a good idea at the moment. Because we want people who are current, who are dealing with some of these issues in their day job,” Faber said. “Being current is a huge help for getting on a board today.”

While board seats can offer a new chapter for seasoned executives, landing one increasingly depends on staying active in the C-suite and leveraging the right connections.

Annie Young-Scrivner, the cofounder and CEO of private equity firm TwinPoint Collective, said relationships can be instrumental in finding board opportunities.. She recalled that in her final CEO stint as the leader of global beauty brand Wella Company, she worked with H&S to completely reestablish her board. Since most of Wella’s consumers were women, she requested the line-up be 100% female to better serve their interests. And when hunting for the perfect people to take the slots, it can call come down to connections. 

“It makes a huge difference…tapping into that network,” Young-Scrivner said. “As we’re searching, the networks really help. So conferences like this, as you widen your aperture and your scope of connectivity, [are] really important.”

This story was originally featured on Fortune.com

This post was originally published here. 

New White House press secretary Katie Zacharia on Thursday defended her legal background and justified her truncated inaugural briefing as she navigates a rocky first week as the president’s chief spokeswoman.

Zacharia sat down for interviews with conservative media. She told the conservative Human Events outlet that she did not have time to get fully prepared ahead of her first briefing on Tuesday and that it was always the plan to keep it short because President Donald Trump would field questions from journalists later that morning.

“It was absolutely my goal to keep it short, considering he is his own best spokesperson, and he would love — and does love — gaggling with the media as he goes to Marine One,” Zacharia said. “So I wanted to give ample deference and not barge into his time.”

The initial briefing materials were given to Zacharia on Monday evening, then completed Tuesday at 8 a.m., less than two hours before she would appear before the White House press corps. She had been up since 3 a.m. preparing, Zacharia said.

“I never had a full briefing beforehand, and I went out and I effectuated the briefing,” she said.

Later, speaking to Fox News commentator Sean Hannity, she said she “probably should have stepped aside” instead of taking questions from the press corps without having time to prepare.

“I could have just given a brief intro and said, ‘I’m only here to introduce myself, and I want to engage with the press corps,’” she said.

Zacharia calls failure to pass bar exam ‘inconsequential’

As for her legal background, Zacharia said she was preparing to take the bar exam in California at a time that she had just gotten married and was readying a move to China to join her new husband, who had been working in private equity in Beijing.

“I was obviously incredibly distracted and overwhelmed and excited for finally being married to someone who I’d been long distance from for at least a year,” Zacharia said.

She said the results of the bar exam, which she did not pass, were “somewhat inconsequential” because she would not need to be a barred attorney while living in China.

Zacharia, who has been under scrutiny for calling herself a “lawyer,” said she consulted several legal experts to ensure that title was accurate when offering legal analysis.

“It’s unfortunate that people dub this as some kind of conspiracy or want to put me in a camp. The truth is, I was very careful how I executed this, and I never came across as someone who was an attorney-at-law.”

She will not weigh in on legal matters in her White House capacity, Zacharia said.

She says she didn’t lobby for the job

She also divulged details of how she went about securing the White House press secretary job. Zacharia stressed that she did not want to be seen as lobbying for the position, left vacant when Karoline Leavitt announced she would depart the administration to spend more time with her family.

Zacharia, who was a communications adviser for the company that runs Truth Social, said she closely monitored the president’s social media posts to determine what was top of mind for him, then would go on air to talk about those topics.

“My philosophy is, I’m on TV enough where if he sees me and he likes me, then I will be recruited for the job. I do not believe that lobbying for that job would have been successful, and I wanted to work for it. I wanted to audition for it.”

Then on Oct. 7, as Zacharia was preparing to take one of her children to a pumpkin patch, she received a phone call from Trump about the press secretary position.

She promptly flew out the next day from her home in California to Washington, met with the president about the job on Friday and formally accepted the position later that day.

___

Associated Press writer Jonathan J. Cooper in Phoenix contributed.

This story was originally featured on Fortune.com

This post was originally published here. 

For thousands of years, Jews lived in exile, far from the land of our ancestors. Scattered across the world, we dreamed of returning to the country we had once inhabited. Wherever Jewish history carried us, our hearts remained attached to the same place.

We lived in countless countries, spoke different languages, and belonged to different cultures. Through centuries of wandering, one truth remained unchanged. There is only one Jewish homeland.

The first Zionist

Though there is only one Jewish homeland, there are many roads that lead home. This was always true. Terah, the father of Abraham, was raised in a world of idolatry. Yet he felt an inner tug to leave Mesopotamia, modern-day Iraq, and journey toward the Land of Israel. He received no Divine command. He did not believe in the one God, yet something stirred within him, drawing him toward a distant land.

Ironically, he was the first Zionist, the first person described by the Torah as setting out for the Land of Israel from his homeland. His motives are unknown. He gathered his son Abraham and other family members and traveled toward Canaan. Along the way, Terah settled in Haran, where he eventually died.

His son Abraham later heard the voice of God commanding him to continue the journey his father had begun. Abraham traveled to the Land of Israel with a religious mission: to spread belief in the one God. Yet his pagan father had begun the journey.

Evidently, God implanted within the Jewish soul an instinctive attachment to its homeland. He gave us the ability to respond to the pull of land, peoplehood, and historical destiny even without religious commitment or prophetic revelation. At history’s dawn, this attachment could awaken even in a heart that had not yet awakened to faith.

The age of “isms”

This ancient echo reemerged millennia later. The 19th century witnessed a dramatic weakening of organized religion. The Enlightenment and the Age of Reason promised to lift humanity out of the ignorance and suffering of the medieval world. Science, discovery, and individualism propelled humanity toward an era of progress.

Organized religion, and Christianity in particular, was increasingly blamed for centuries of human suffering. Its unholy alliance with monarchy and political power had contributed to bloodshed and feudalism. Religion’s walls were crumbling.

Into this widening void emerged new ideologies. Society abhors a vacuum, and ideologies rushed to replace religion. Socialism, utilitarianism, communism, and other movements competed for the hearts and minds of Europeans.

It was the great age of “isms,” as new systems of thought offered competing visions of human identity, social order, and historical progress.

Yet perhaps the most powerful “ism” of all was nationalism. Increasingly, people defined themselves primarily by their nation rather than their religion. “John” was no longer primarily a Protestant who happened to live in England, but a proud Englishman who happened to be Protestant.

“Gustave” was no longer primarily a Catholic who happened to live in France, but a proud Frenchman who happened to be Catholic. National identity swept across a continent long shaped by religion and religious rivalries.

A Jewish awakening

Unfortunately, Judaism did not fare much better than other religions. With Emancipation, for the first time in our long exile, we were invited to become full-fledged members of an enlightened European society.

Many combined these newfound freedoms with traditional Jewish observance, but others abandoned their Jewish roots entirely.

Many Jews look back with reverence upon the great age of the yeshivot, when brilliant young men devoted years, sometimes decades, to intensive Torah study. This remarkable era helped lay the foundations for the phenomenal growth of Torah study in the modern world.

Yet there was another side to this history. Far more Jews were drawn into the universities and intellectual circles of Europe than into its great yeshivot. For many, the door swung in only one direction: away from Jewish religious life.

Millions of Jews faced the threat of losing their Jewish identity and disappearing into the surrounding culture. Traditional religious appeals no longer spoke to them. If Jewish identity depended exclusively upon religious commitment, an enormous portion of the Jewish people was in danger of being lost to history.

As Jewish identity weakened across Europe, God awakened that ancient echo. In the age of nationalism, Jewish nationalism emerged, offering Jews a way to identify with their land, their people, and their history. It captured the hearts of Jews, including many who had drifted away from religious observance.

Secular Zionism was a Divine impulse, awakening an ancient attachment to our land and people that had lain dormant for centuries. As religious commitment weakened, God stirred a different form of Jewish consciousness. Millions of Jews today express their deepest connection to their people through their commitment to our national project of return and to the modern State of Israel.

Oct. 7 demonstrated how deeply the State of Israel stands at the center of contemporary Jewish identity and how much more vulnerable Jewish life would be without it.

This became even more evident in the subsequent eruption of anti-Zionism and its frequent convergence with antisemitism, which further underscored Israel’s centrality to Jewish identity and the Jewish future. Israel has become a powerful anchor of Jewish belonging, even for Jews whose connection to religious observance is limited.

Thousands of years ago, Terah felt the pull of our land without profound religious conviction. Thousands of years later, countless Jews, far less detached from God than Terah had been, followed a similar path. They felt drawn to the same land, the same people, and the same historical destiny.

Across the centuries, Jews have found their way home through countless different journeys, shaped by different convictions, circumstances, dreams, and personal attachments. There is one home, but there are many roads which lead home.

Another road home

The roads leading to our homeland are as varied as the Jewish people themselves. Some are paved with religious conviction, others with national identity and historical consciousness.

Many Jews harbor a lifelong dream of aliyah and eventually fulfill that dream by building their lives and families in Israel. Still other roads emerge unexpectedly, shaped by circumstances, personal attachments, and the bonds of family.

My mother, of blessed memory, passed away this past Sukkot. She took a different road to our one homeland. We were raised in a Zionist home, though not an especially ideological one, and Zionism was not a central part of our upbringing.

Our family grew up in Brooklyn during the 1970s, when it was a thriving center of Modern Orthodox Jewish life, with flourishing synagogues, schools, and communities.

Moving to Israel was never part of her plan. However, her children developed a deep attachment to Israel, and all eventually moved here and built their families.

Wanting to be close to her children, grandchildren, and eventually great-grandchildren, my mother and father moved to Israel at an advanced age.

Their aliyah was not the fulfillment of a lifelong dream. It was not driven primarily by ideology or Zionist conviction. It was driven by a deep love of family.

Yet leaving behind a familiar world and beginning a new life so late in life required enormous courage and determination. I will always be grateful to my Mommy for making that sacrifice and giving us those precious years together. My mother made that journey, and now she is buried just a few minutes from our home in Gush Etzion.

There are many roads that lead home. Some are paved with ideology, conviction, and Zionist dreams. Others are paved with something simpler and more personal: the love of family.

May God bless her soul, and may her love and devotion continue to inspire our family for generations.

The writer is a rabbi and educator at Yeshivat Har Etzion (Gush). Find his latest book, Echoes of Rashi: Bereishit, at mtaraginbooks.com

This post was originally published on here. 

Thai law enforcement authorities conducted a multi-agency inspection of the Chabad House on Chang Khlan Road in Chiang Mai on Wednesday, led by Deputy Provincial Governor Boonlue Thammatharanurak, finding no legal violations or irregularities at the Jewish community center.

At a press conference after the inspection, the deputy governor said Thai law does not clearly regulate premises that also serve as Jewish places of worship. He noted that gatherings primarily take place on Fridays and Saturdays, attracting approximately 100 to 200 participants, mostly Israelis attending communal meals, and recommended that the center maintain a “low-key” approach to its activities.

The inspection involved representatives from the provincial administration, military, immigration police, provincial cultural authorities, Chiang Mai Municipality, and the Internal Security Operations Command (ISOC). Authorities reported finding no violations, with the deputy governor describing the visit as a “routine inspection” that had not been prompted by any complaint.

Officials examined the legality of the property’s lease and operating licenses. According to local media reports, Chabad rents restaurant premises from a local resident under a lease valid until 2028 and holds a food service license covering up to 200 square meters, as well as an alcohol license issued by the Excise Department.

Chiang Mai Chabad inspection follows raids on Jewish institutions in Bangkok

The Chiang Mai inspection differed significantly from the raids carried out in Bangkok on October 8, when Thailand’s Department of Special Investigation (DSI) conducted searches under judicial warrants, with the involvement of the justice minister and several government agencies.

The Bangkok operation involved police, tax authorities, immigration officials, the Lands Department, and the Anti-Money Laundering Office, among other agencies.

During searches at the Chabad Foundation, the Jewish Association of Thailand, and related offices, investigators seized documents, identified foreign workers from Myanmar and Laos without valid work permits, and found dozens of companies registered at the same address.

The operation formed part of an investigation into suspected nominee ownership arrangements, property holdings, and financial activities involving Israeli-linked businesses.

Unlike the Bangkok raids, the Chiang Mai inspection was presented by authorities as a routine enforcement visit, with no reports of search warrants or seized materials.

The Chabad House in Chiang Mai has operated since 2004 and has undergone inspections over the years. However, a coordinated inspection involving so many enforcement agencies had never previously taken place at the center in more than two decades of operation.

Thailand expands investigations into Israeli-linked businesses and Chabad centers

The inspection comes amid a broader wave of enforcement operations involving Chabad institutions across Thailand, including Phuket, Bangkok, and other locations.

The operations, expanded partly under instructions from Thailand’s deputy interior minister, are linked to investigations into business and property networks associated with Israeli nationals.

Authorities have raised concerns regarding foreign ownership, financing arrangements, and commercial practices, against a backdrop of public tensions involving Israeli tourists.

Israeli Ambassador to Thailand Dr. Alona Fisher-Kamm visited the provincial government building and met with the deputy governor approximately one month ago. She also visited the Chiang Mai Chabad House separately during the same period.

Thai authorities said they would continue monitoring the premises but emphasized that there were currently “no irregularities.”

Journalists were not permitted to enter the building during the inspection. According to reporters at the scene, Chabad security personnel prevented them from entering.

Chiang Mai Chabad rabbi says center operates in full compliance with Thai law

Rabbi Yossi Pikel and his wife, Chani, have served as Chabad emissaries in Chiang Mai, northern Thailand, for 17 years.

The couple welcomes Jewish visitors and travelers to the city, providing assistance, guidance, and support throughout their stay.

The Chabad House offers prayer services, Shabbat and holiday meals, and classes on Hasidic teachings and the weekly Torah portion.

The center also operates a synagogue, a kosher meat restaurant offering packaged food for travelers, a women’s mikveh (ritual bath), a travelers’ shop, and additional services.

Speaking to Walla, Rabbi Pikel said the inspection had been coordinated in advance. He explained that inspections take place periodically but acknowledged that a joint visit involving so many agencies was unusual.

“I’m glad they came to inspect, and I’m glad they saw that everything was in order,” Pikel said. “We operate by the book and try to do everything properly.”

The rabbi also emphasized his efforts to build positive relations with the local Thai community, noting that the restaurant is open to Thai residents as well as Jewish and Israeli visitors.

He said that all visitors are welcome, subject to the center’s security screening procedures.

“The place is open to everyone,” Pikel said.

This post was originally published on here. 

A woman who prosecutors say used LinkedIn to find wealthy men pleaded guilty Tuesday in Manhattan federal court to fraud tied to a plot to extort more than $1.2 billion from Fortress Investment Group co-founder Wes Edens.

“I deeply regret engaging in this conduct, and I knew that my conduct was wrong, and I accept responsibility for it,” Changli “Sophia” Luo told U.S. District Judge Margaret Garnett, according to a court transcript viewed by Bloomberg. She faces up to 20 years in prison at sentencing in February. A trial had originally been set to start on Nov. 16 prior to the guilty plea.

Court documents reviewed by Fortune call the target “Victim-1” and don’t name him. Bloomberg, citing a person with direct knowledge, reported that he is Edens, and that an Edens spokesperson declined to comment. The Wall Street Journal and other news outlets have also identified the victim as Edens, who co-owns the NBA’s Milwaukee Bucks and the Aston Villa soccer team in England.

The account below comes from the complaint, indictments and filings by prosecutors and Luo’s lawyers. They set out the government’s allegations, which Luo’s lawyers had disputed before her plea. The documents say Victim-1 denies Luo’s allegations against him. Fortress Investment and Luo’s lawyer didn’t respond to requests for comment.

From LinkedIn to a mediator

Luo cold-messaged Victim-1 on LinkedIn in November 2022 to discuss a business endeavor, according to the court documents. After a handful of meetings, the two had a sexual encounter at her midtown Manhattan apartment in June 2023.

Several days after that, prosecutors say, Luo texted Victim-1 a letter professing her love, though she had met him in person no more than three times. In the weeks and months that followed, they say her messages turned from flattering to threatening.

In May 2024, she sent letters accusing him of misleading her into sex or, alternatively, of having sex with her while she was mentally incapacitated. They said her home had cameras and that “[e]verything [Victim-1] did was caught on camera.” The letters threatened to give said videos to “mass media” unless he apologized.

Victim-1 told prosecutors he agreed to mediation because he believed it would spare his family harassment and public embarrassment, the documents say. In August 2024 he agreed to pay “several million dollars” and made an initial payment.

The documents allege that, starting that November, Luo demanded more through the mediator: at least $900 million, rising to $1.215 billion by January 2025, with threats to report criminal acts to “government offices.”

On March 29, 2025, her lawyer relayed a new demand of $50 million, according to an email exchange cited in the complaint. If Victim-1 did not take “responsibility,” the message said, Luo was determined to “destroy” him. She had at least two videos and pictures of the encounter, it added, and would go to “criminal investigators,” his business partners and “the federal government.” Victim-1 did not pay.

“Later that same day, Luo’s attorney confirmed the accuracy of what Luo had instructed him to convey to Victim-1’s attorney,” court documents read. “Luo’s attorney also conveyed that Luo wanted Victim-1 to know that she wished to bring pain to Victim-1’s children. Victim-1 did not accede to Luo’s extortionate demands.”

Prosecutors allege images on her devices were altered. On the day of the $50 million demand, a WeChat chat on one of her phones shows pornographic images arriving and being sent back with Victim-1’s face grafted on, the complaint says. Forensic examination indicated she made the edits that day, prosecutors wrote.

Search and arrest

FBI agents arrived with a search warrant at about 6:10 a.m. on May 28, 2025, according to the complaint. It says they called her 15 times, texted her and knocked, and she did not answer. After about 20 minutes, agents entered with a key from building staff.

Once in, prosecutors allege she tried to hide evidence. One phone was layered between dirty clothes in a bathroom hamper. A dog trained to detect electronics then alerted law enforcement of a package of sanitary pads, where agents found a purple iPhone and two flash drives. The purple phone held the altered images, the complaint says. The indictment also alleges she deleted incriminating photographs and videos from a phone after learning of the investigation.

Court records show Luo was arrested June 14, 2025. Her release conditions included home detention with GPS monitoring, a ban on using WeChat, and orders to avoid contact with Victim-1 or his family outside her lawyers’ presence.

In February of this year, Luo’s lawyers asked the court to dismiss the case, arguing that prosecutors were criminalizing settlement talks. They said her demands came through a mediator or a lawyer and were tied to a claim for “a permanent injury.” Prosecutors replied that whether conduct was wrongful, and whether she had a legitimate claim, are questions for a jury.

Two other men

Some charges involve a “Victim-2” and “Victim-3,” and include device fraud and identity theft. Prosecutors allege Luo lured men into relationships “for the primary purpose of stealing their money and property.” They say Victim-2 bought her a $2,000 MacBook after drinks, that she photographed his credit card, and that weeks later she made a $4,500 Apple Store purchase on it. Luo asked the court to try those counts separately, but prosecutors opposed it.

Prosecutors say Luo cold-called Victim-3 claiming to be soliciting donations for her “supposed non-profit.” After a few dates, she asked him to buy her a luxury coat, and in December 2023, he agreed to a roughly $6,000 one. She then asked him to buy her a first-class ticket to China for about $12,000, prosecutors say. When he offered a coach fare instead, she became angry and demanded about $50,000 in spending money, which he refused. Prosecutors say she also asked Victim-2 for $50,000 to $100,000 for a “business opportunity,” and he refused too.

Prosecutors said in a filing that they would use notes from Luo’s electronic devices to show she intended to use men to fund her lifestyle. One 2023 entry assigned “bills and grocery money” to one man, they said, with other entries for “meals,” “rent,” “connections” and “building a house.” At least one 2023 entry mentions Victim-1 and Victim-2 together. Prosecutors wrote that Luo “does not appear to have had any legitimate income at that time” and that, in demanding more than $1 billion, she falsely claimed Victim-1 was her only sexual partner during a certain period.

This story was originally featured on Fortune.com

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NEW YORK, October 16, 2026 — As many as 7,000 New York City jobs could be at risk as Amazon threatens to relocate warehouse and delivery operations outside the five boroughs if city lawmakers approve a labor bill supported by Mayor Zohran Mamdani.

The warning has intensified a confrontation between City Hall and one of the world’s largest employers, raising concerns that legislation intended to protect workers could instead eliminate thousands of jobs, damage local delivery businesses and increase costs for New York consumers.

Amazon has warned that the proposed Delivery Protection Act could threaten more than 5,000 delivery jobs at over 40 independent businesses contracted to deliver its packages. An additional 2,000 warehouse positions could be affected if the company closes its last-mile distribution facilities, bringing potential job losses to approximately 7,000.

Those figures represent jobs potentially exposed to a restructuring, not announced layoffs.

Industry experts interviewed by the New York Post warned Friday that the company’s threat should be taken seriously, particularly given Amazon’s previous decision to shut down warehouse operations in Quebec during a labor dispute.

What the Legislation Would Change

The Delivery Protection Act, sponsored by City Council Member Tiffany Cabán and backed by Mamdani, would require major delivery operators to directly employ workers performing core warehouse and delivery services rather than relying on independent subcontractors.

Amazon currently contracts with dozens of delivery service partners that employ drivers, manage vehicles and handle package deliveries throughout New York City.

Under the proposed legislation, that arrangement would face major changes. Companies operating last-mile facilities would also be subject to new licensing, safety and employment requirements.

Mamdani argues that large corporations exercise substantial control over delivery workers while using subcontracting arrangements to avoid responsibility for wages, working conditions and street safety.

Supporters say direct employment would improve accountability and prevent companies from shifting risks onto smaller contractors and their workers.

Amazon counters that the legislation threatens an established delivery network supporting thousands of jobs and dozens of locally owned businesses.

Amazon Warns It Could Leave New York City

In written testimony submitted to the City Council, Amazon said the proposed law could jeopardize its relationships with more than 40 local delivery partners employing over 5,000 people.

The company warned that it might have to consider relocating delivery facilities and operations outside the city.

The implications could extend beyond Amazon’s own workforce.

Independent delivery companies depend on contracts with Amazon to support their employees, maintain vehicle fleets and operate their businesses. Losing those contracts could force some to close or significantly reduce operations.

Warehouse workers could also be affected if Amazon moves distribution activity to facilities outside the five boroughs.

For New York City, the concern is that jobs currently generating wages and economic activity locally could move to neighboring jurisdictions, even if Amazon continues delivering packages to city residents.

Quebec Closures Raise Questions About the Threat

Amazon’s warning has attracted additional attention because the company previously closed warehouse operations in Quebec, Canada, affecting approximately 4,700 workers.

Those closures came amid labor organizing activity, although Amazon denied that its decision was retaliation against unionization efforts.

The precedent has led some industry observers to conclude that Amazon could follow through on its New York warning rather than accept regulations that fundamentally alter its operating model.

A move outside the city would not necessarily mean Amazon stops serving New York customers. It could instead shift jobs, distribution facilities and associated economic activity beyond city boundaries.

That possibility presents a significant challenge for policymakers seeking to strengthen labor protections without discouraging employment and private investment.

Consumers and Small Businesses Could Pay More

The dispute also raises questions about delivery costs.

Amazon’s current system relies heavily on independent delivery partners operating from distribution facilities close to customers.

Relocating those operations could increase transportation distances, complicate delivery routes and affect the economics of same-day and next-day service.

An industry-backed analysis has projected higher annual costs for New York households under the proposed legislation, although those figures are disputed and depend on assumptions about how companies would respond.

Smaller businesses that depend on Amazon’s logistics infrastructure could also face disruptions.

The consequences may extend to contractors, vehicle service providers, warehouse suppliers and neighborhood businesses supported by workers employed at these facilities.

Mamdani Defends Worker Protections

The mayor’s administration maintains that the legislation is needed to address safety concerns and strengthen protections for workers who handle enormous volumes of packages each day.

City officials have pointed to traffic crashes and workplace injuries associated with last-mile delivery facilities.

Mamdani argues that large companies should not be able to control delivery operations while placing employment responsibilities on third-party contractors.

For labor advocates, the issue is whether major corporations can continue relying on business arrangements that separate control over workers from direct employment obligations.

For opponents, the question is whether forcing a fundamental change in those arrangements could destroy existing jobs rather than improve them.

Both sides face a substantial economic test: whether the city can expand workplace protections while preserving employment opportunities and the small businesses that depend on the delivery industry.

Thousands of Jobs Hang in the Balance

As of Friday, the City Council had not scheduled a final vote on the legislation.

That leaves room for negotiations, changes to the bill or potential compromises intended to address the concerns raised by Amazon and its delivery partners.

But the stakes are already significant.

New York faces a potential loss of thousands of jobs at a time when families and small businesses continue dealing with elevated living and operating costs.

The broader question is whether the city can achieve stronger worker protections without creating financial incentives for major employers to move jobs elsewhere.

For the approximately 7,000 workers potentially affected, the outcome could determine whether they continue earning paychecks in New York City or face the uncertainty of relocation and unemployment.

JBizNews Desk | New York City

© 2026 JBizNews. All Rights Reserved.

WASHINGTON, October 16, 2026 — Katie Zacharia, President Donald Trump’s newly appointed White House press secretary, is transitioning out of her position after just one week, according to a senior White House official cited by Fox News, following a difficult first briefing and mounting questions about her professional credentials.

The reported departure came hours after Trump publicly suggested Zacharia should reconsider whether she wanted to remain in the job. Asked directly whether he had fired her, the president said no.

The episode marks an embarrassing setback for the administration as it attempts to replace Karoline Leavitt, whose command of the White House briefing room and ability to respond under pressure had established a high standard for the position.

Zacharia was appointed October 9 and delivered her first briefing October 13. It lasted approximately 14 minutes, with questions from just three reporters, before she ended the session.

By comparison, Leavitt’s first briefing lasted nearly 47 minutes.

The contrast quickly drew attention to the demands of representing the president before a national and international press corps.

Trump Questions Her Future

Speaking with reporters on the White House South Lawn Friday, Trump disclosed that he had encouraged Zacharia to reconsider staying in the position.

He said she had been treated harshly by the media and suggested the job might not be right for her.

Trump’s remarks represented a significant change from the administration’s public defense of Zacharia earlier in the week.

White House communications director Steven Cheung had praised her appointment and expressed confidence in her ability to handle the position.

Fox News subsequently reported that a senior White House official confirmed Zacharia was transitioning out. The circumstances of the departure and the appointment of a permanent successor had not been publicly detailed.

Legal Credentials Under Scrutiny

Zacharia also faced questions about how her professional background had been represented.

Trump had described her as an attorney when announcing her appointment, but Zacharia acknowledged during a Fox News interview that she had not passed the bar examination or obtained a U.S. law license.

She graduated from Pepperdine University School of Law in 2011 and said she did not retake the bar examination because she was preparing to relocate to China.

Zacharia defended her legal education and previous professional experience.

A law license is not required to serve as White House press secretary. Nevertheless, the discrepancy between the description of her credentials and her licensing status raised questions about the administration’s vetting process.

Reuters also examined her legal background and reported that it could not establish that she had ever held a license to practice law in the United States.

The Karoline Leavitt Standard

The controversy highlights the difficulties of following a predecessor with an established briefing-room presence.

Leavitt was known for engaging directly with reporters, absorbing difficult questions and responding quickly, even during tense exchanges.

Her approach was frequently confrontational and attracted criticism, but she demonstrated an ability to maintain composure while defending the administration’s policies.

The press secretary’s job requires more than delivering prepared statements. Reporters can challenge the administration on unexpected developments, question official accounts and demand explanations on matters ranging from national security to economic policy.

The ability to respond clearly, defend the administration’s position and maintain control of the briefing room is central to the role.

Zacharia maintained that she had received limited preparation time before her first briefing and had performed as well as she could under the circumstances.

Her brief tenure nevertheless exposed the risks of appointing a highly visible spokesperson without sufficient preparation for the daily demands of the position.

A Leadership and Vetting Challenge

The controversy raises questions about how the White House evaluates candidates for one of its most public-facing jobs.

Professional loyalty and political experience can be important qualifications, but neither substitutes for thorough vetting, preparation and the ability to perform under sustained public pressure.

Zacharia previously served as a senior communications adviser at Trump Media & Technology Group and held a public-affairs position at the Department of Homeland Security.

Her experience in political communications did not shield her from the scrutiny that comes with representing the president at the White House podium.

For the administration, the reported departure leaves an immediate staffing decision and a broader question about how its next spokesperson will be selected.

The White House must now find someone prepared to defend the president’s agenda, handle aggressive questioning and restore stability to a position that has faced unexpected turnover.

The episode demonstrates how quickly a personnel appointment can become a communications problem of its own.

JBizNews Desk | Washington, D.C.

© 2026 JBizNews. All Rights Reserved.

OpenAI has added four more cases of misbehaving AI agents to a disclosures page it stood up following the Hugging Face hack in July in an effort to be more transparent.

The incidents OpenAI disclosed this week all occurred in June, but OpenAI was not aware of three of them until months later in August or September.

Of the 19 total incidents OpenAI details on the disclosure page, most occurred in May or June, but OpenAI did not discover or disclose them until months later. The earliest incident is from January, and the most recent is from Oct. 6.

All of the incidents are examples of what AI researchers call “misalignment,” which is when an AI model fails to follow instructions or takes actions that the person developing the model did not authorize the model to take and would not have wanted the model to take. There is no known, silver-bullet solution to preventing this behavior, and it is an active area of research.

Downloading 24 years of unauthorized hospital bed data

Of the four cases OpenAI uploaded this week, it marked two as “critical.” In one of the critical cases, an internal model that was “highly persistent” downloaded 24 years of hospital bed data from an unnamed government website without permission. OpenAI did not immediately respond to our request for comment on which government website it was.

The website initially blocked the agent’s request, but the AI ultimately found a way to bypass the access controls. Multiple times along the way, the agent’s “chain of thought,” in which an agent writes down its reasoning steps, indicated that the model itself was questioning if its actions were “ethical,” but it ultimately proceeded.

On OpenAI’s side, another AI model that acted as an automated grader of the research task the other AI model was trying to fulfill did not consistently flag this behavior as problematic. It “marked some responses incorrect and others correct,” the report said. The way graders assess AI behavior can shape whether it occurs again. In a Sept. 11 essay on misalignment by Turing Award-winner Yoshua Bengio, he says the Hugging Face incident may have occurred because automated graders rewarded cheating and hacking in previous training runs.

“With the OpenAI agents, there is reason to believe successful cheating was actually rewarded: when the scoring program does not see the cheating, it pays out anyway, and such cheats become more likely next time,” Bengio said.

OpenAI says it has since improved its security as well as its alignment grading. “In response to this and to other incidents, we’ve strengthened our security controls, blocked models from accessing the live internet during training or evaluation, improved our alignment grading, and extended our misalignment monitoring to all reinforcement learning and evaluation traffic,” OpenAI said.

The most recent incident OpenAI has disclosed, which occurred on Oct. 6, involved one of the AI models the company uses as an automated grader. In that case, the grader tried to upload fraudulent reports on what it had found in an evaluation. This is an example of why relying on AI models to grade the training runs of other AI models can be problematic.

Making an unauthorized purchase with someone else’s cryptocurrency

In another disclosed case, a model in the GPT-5.6 Sol family—the predecessor to OpenAI’s current flagship model, GPT-6 Astra—accessed a cryptocurrency wallet the human testers had not provided it, and made an unauthorized payment to complete a task during testing. This occurred on June 26. OpenAI discovered it in September.

“The model questioned whether it had permission” to make the purchase, OpenAI said, again referring to what the model had recorded about its own reasoning in its chain of thought. It then reasoned with itself that since it found the information publicly, it could use it. In the model’s chain-of-thought (CoT) logs, it figured that since the wallet it found was public, that “funds could be stolen anytime.”

It then concluded, “We can deploy!” It later asked itself again if the act was done “ethically,” and reasoned that the funds were “effectively abandoned.”

Getting internet access, changing live systems

The other incident OpenAI flagged as critical involved a model looking up public data, which theoretically is acceptable, but in the process it accessed the organization’s internal system, made changes to it, and was still able to “retain access…even after reverting the changes,” OpenAI said. It also downloaded 147,451 rows from non-public data tables. Perhaps most concerningly, the model did not disclose any of its actions to the evaluators.

In the final case OpenAI disclosed, an AI agent was able to get internet access from a research environment that should have been isolated—potentially similar to what happened during the Hugging Face incident, in which hundreds of AI agents were able to get internet access, although OpenAI did not directly compare these two incidents.

In the newly-disclosed case, the agent knew it was not allowed to access the web, so it asked “external services” to perform actions it was blocked from doing. It did this even after it had found another way to answer the question, and also continued to develop its crafty workaround even after completing the task.

This story was originally featured on Fortune.com

This post was originally published here. 

A federal judge this week tossed out a lawsuit from the Trump administration challenging New York City’s laws that restrict local law enforcement from cooperating with federal immigration authorities. On Thursday, Judge Ramón E. Reyes Jr., a U.S. District Court judge in Brooklyn, rejected a lawsuit brought by the White House against New York City’s sanctuary laws. The ruling held that the U.S. government can’t force police and other city agencies to aid in enforcing civil immigration laws. The ruling is the latest blow to the administration’s efforts to compel cities and states to cooperate with the Immigration and Customs Enforcement (ICE) agency’s aggressive mass deportation campaign.

Mayor Mamdani held a press conference on ICE shooting in Marble Hill on Thursday, October 8, 2026. Photo courtesy of Kara McCurdy | Mayoral Photography Office on Flickr

As the New York Times reports, the administration’s lawsuit argued that the city’s refusal to honor detainer requests from ICE had led to agents being sent into communities, putting its officers at risk, and “resulted in countless criminals being released into the city who should have been held for immigration removal from the United States.”

Judge Reyes, a Biden appointee, ruled that the federal government lacked standing and that cites and states were protected by the Constitution from being made to spend their resources enforcing federal immigration laws. The ruling joins similar decisions by judges from around the country in Democrat-led areas like Boston, Chicago, Los Angeles, Colorado, New Jersey, and Minnesota.

New York City’s sanctuary laws provide a degree of protection to undocumented immigrants if federal agents seek to detain or deport them, mainly by limiting cooperation between city agencies, like law enforcement, and federal immigration agencies such as ICE. There are currently over 1,000 sanctuary jurisdictions throughout the country.

Sanctuary policies act as a barrier to communication between immigration agents and city employees who work with undocumented immigrants. The first sanctuary laws were created to encourage immigrants to seek out city services like medical treatment and school enrollment and to report crimes without fear of detention.

In a statement to the Times, Mayor Zohran Mamdani said: “This is a victory for New Yorkers and a rebuke to ICE’s deportation agenda. The federal government came to court seeking to force New York City to turn its public servants into deportation agents and divert our resources toward carrying out ICE’s cruel agenda.”

Mamdani said the ruling made it clear that the federal government “cannot commandeer our city workers to do its bidding.”

Thursday’s ruling follows an incident in which a federal ICE agent shot a man in a car with his five-year-old son in the Marble Hill neighborhood in Manhattan. As 6sqft previously reported, following the incident, Department of Homeland Security head Markwayne Mullin attacked New York’s sanctuary city policies, saying, “When you have sanctuary cities and sanctuary politicians, you endanger the safety of the public.”

Following the shooting, Mayor Mamdani called for ICE to end its enforcement efforts in New York City, saying in a statement, “I will not stand by while ICE agents terrorize our communities.”

Mamdani announced in a statement on Friday that, along with elected officials across the state, he has asked every parking garage and lot owner in New York City not to allow ICE to use their property as a staging area for anti-immigrant operations.

A letter sent Friday also calls on property owners to tell the agency directly that it is not authorized to use their facilities. ICE agents had reportedly been using a private parking lot near the Marble Hill incident for staging purposes and have been operating out of bank parking lots in Manhattan and Queens.

“I am asking every garage and lot owner in this city to stop giving them that option. Do not rent your property to ICE. Do not lend it to them. Tell them they are not welcome. More than 100 elected officials from across New York are standing with me to make that request,” Mamdani said in a statement.

“We know this kind of action can already make a difference: After neighbors spoke up, a garage on Morton Street removed ICE vehicles from its property. Every owner has the power to do the same. Our neighbors should not live in fear that the parking lot down the block could become a staging ground for an operation that puts their communities at risk.”

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At a packed rally in Texas on Thursday, James Talarico compared his U.S. Senate campaign to David — who fought Goliath — as the Democrat faces more than $158 million in outside spending by Republican leadership and the world’s richest man, Elon Musk.

Talarico told rallygoers under bright lights that David may not have had Goliath’s strength, but he had a slingshot.

“You are my slingshot,” he continued, without mentioning Musk or the other spending against him. “We are going up against our own Goliaths.”

The description falls in line with Talarico’s past rhetoric painting politics not as right versus left, but the ultrawealthy versus everyone else, as he tries to become the first Democrat to win statewide in over 30 years. Talarico’s own campaign has raised record amounts of money in one of the nation’s more expensive and competitive Senate races.

The national conversation around Talarico’s campaign has evolved over the past months. Initially, the state lawmaker was considered just the latest of several Democratic candidates over the past years who gave the party a hope of flipping Texas, only for that hope to deflate come Election Day.

Now, Talarico is seen as a real contender to win the seat against Republican candidate Ken Paxton. Talarico’s success so far can partly be chalked up to voters’ apprehensions toward Paxton, who faced questions in his past over corruption, including being impeached by his own party in the Texas legislature. He was later acquitted.

Texas will help decide control of the US Senate

While outside spending in support of Paxton has flooded the Texas airwaves with ads, Talarico’s campaign itself has outpaced Paxton’s in fundraising from donors eager for Texas to forgo its solidly Republican title.

The prospect of a flagship GOP state turning blue doesn’t just fill Democrats with glee and Republicans with alarm. Whoever wins will help determine which party controls the Senate in President Donald Trump’s final two years in office, making it either smooth sailing for Trump or a bog of investigations and opposition.

Talarico, a seminarian and state representative, has also tread a very careful path — as nonpartisan as he can — from the major metros that already tilt Democratic, along the border towns that flipped from blue to red last election, and to the rural Republican high plains and desert.

The candidate has distanced himself from former President Joe Biden’s administration and his own party, and while progressive Sen. Bernie Sanders is coming to Texas this month, he won’t be sharing a stage with Talarico.

Talarico’s talk of affordability resonated at rally

Talarico’s strategy is to take direct aim at what voters say they are most concerned about: the costs that have inexorably grown for years. That unaffordability, Talarico argued at the nighttime rally in Texas that was packed with younger voters, is because billionaires and corrupt politicians have rigged the system. It resonated.

“They think that they can buy us, and that they can essentially be the kings of the country,” said Kaitlyn Johnson, a 29-year-old bartender who attended the rally.

Johnson felt that Talarico put words to that feeling she’d held for a while, and the high costs keep nagging at her, too.

“I make decent money,” she said, “but there’s no way in hell that I’m going to be able to buy a house anytime soon.”

Paxton has backing from Musk, Trump

Trump and Republicans are well aware of Talarico’s ability to connect with voters, and of Paxton’s struggles to find purchase in what would otherwise be a relatively easy race for a Republican. The president has made several trips to Texas to rally for Paxton.

Paxton has received significant financial support from Musk, who last year headed Trump’s Department of Government Efficiency. Musk contributed $158 million to the Senate Leadership Fund, federal campaign spending filings showed Thursday. The Senate Leadership Fund gave $158 million to Texas PAC, the largest contributor to Paxton’s campaign.

Musk also provided $10 million to Lone Star Liberty PAC, a group that supports Paxton.

The rally Thursday in the small city of San Marcos south of Austin follows nine days earlier this month when Talarico was out of the public eye due to the flu. His absence sparked a swirl of conspiracies online, including the false claim that he was at a mental health treatment center in Ohio. Shared by conservative social media influencers, the claim quickly fell apart at closer inspection.

___ Associated Press reporters Thomas Beaumont and Joey Cappelletti contributed.

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Washington Post photojournalist Heidi Levine was wounded during a Friday altercation between extremist settlers and Palestinians in the West Bank, with the IDF confirming the account later on Friday.

Footage seen by The Jerusalem Post appears to show Levine kneeling on a path in a press jacket and helmet, as colleagues run over to carry her to safety.

Washington Post journalist Heidi Levine after reportedly being wounded during an altercation between extremist West Bank settlers and Palestinians, October 16, 2026. (credit: Section 27A via Walla)

Police launched an investigation into the incident after receiving an IDF report of the West Bank clashes, according to an Israel Police spokesperson.

Palestinian media reported that Levine was beaten, sustaining fractures and cuts in the violence near Abu Falah, northeast of Ramallah. Israeli sources have not independently verified this.

Levine, speaking from a hospital bed, said that she had been kicked “about 50 times,” adding that if she hadn’t been wearing her black jacket and helmet, she “probably wouldn’t be here at all, because they just kept kicking me again and again.

“After about 10 minutes, they tried to make me get up; they pushed me back to the ground and continued kicking me,” she said. “I tried to hold on to my cameras and my side bag, but in the end they just ripped everything from me and kept kicking me.”

According to the IDF, soldiers initially fired warning shots into the air in an effort to disperse the crowd upon arriving on scene, eventually targeting an individual who approached them with a sharp object.

PMO: ‘Serious questions remain,’ facts ‘unclear’

The Prime Minister’s Office (PMO) condemned the attack in an X/Twitter post later on Friday, noting that the facts “remain unclear and are under investigation.”

“Israel unequivocally condemns violence against anyone – Jews, Arabs, Christians, or journalists,” the statement read. “Those responsible will be held accountable.”

The statement indicated that “serious questions remain” regarding who specifically was responsible for the attack on Levine, emphasizing the presence of “200 Arabs and far-left activists… (and) approximately 40 Israeli youths” at the site of the attack.

“The investigation must establish the facts, including who initiated the violence,” the statement continued. “We will not allow disputed incidents to be exploited to demonize the hundreds of thousands of law-abiding Jewish residents of Judea and Samaria. The facts must determine the conclusions. Not the headlines.”

Washington Post editor-in-chief Matt Murray also condemned the incident in a statement earlier on Friday, according to N12 News, accusing Israeli settlers of having attacked Levine, whom he emphasized “was wearing prominent identification marks that clearly identified her as a journalist.”

“We are appalled by this unjustified attack on a journalist who was doing her job,” he said. “We call on the authorities to conduct a thorough investigation and act on its findings.”

In addition, the US Embassy in Jerusalem told N12 that it is aware of the incident and is “monitoring the situation.”

“We condemn criminal violence and call for the investigation and prosecution of those responsible,” it said.

Yashar party leader Gadi Eisenkot also responded to the incident in a post on X/Twitter, calling it “unacceptable” and referring to the perpetrators as “violent lawbreakers.”

“This handful of rioters does not represent the public in Israel. The actions of this handful stain an entire nation and severely harm the security of all Israeli citizens and IDF fighters,” he said. “I back the IDF in its sharp and clear condemnation of the incident. It is incumbent upon the Israel Police to take harsh measures against this criminal violence.”

Mateh Binyamin Regional Council accuses PA of bringing terrorists to attack Israelis

The Mateh Binyamin Regional Council provided a different course of events.

According to the council, the Palestinian Authority “led hundreds of anarchists and terrorists into a direct confrontation with Israelis near Abu Falah, all under the cover of the olive harvest.”

“Footage from the scene shows terrorists launching fireworks directly at people and hurling stones at Israelis, while journalists stand behind them, documenting this deliberate provocation,” the council said.

“The event was orchestrated by the PA; its patrol vehicles were present and highly visible at the scene, even though it is in Area B, where Israel holds responsibility for security,” it added.

“Clashes broke out between Arabs and Israelis, eventually being dispersed by Border Police officers who arrived at the location. According to reports, several activists were injured during the confrontations,” the council said.

The council did not explicitly comment on Levine’s reported wounds.

The event was part of four incidents of nationalist-motivated violence and clashes between Israelis and Palestinians which were reported overnight and on Friday morning at several locations across the West Bank, including several olive groves.

The incidents reportedly involved vehicles being set on fire, attacks on Palestinian olive harvesters, and attacks on Palestinian homes.

Illustrative: A Palestinian man inspects a burned vehicle following an alleged attack by extremist Jewish settlers in the West Bank village of Mikhmas, northeast of Jerusalem, October 14, 2026.  (credit: JAMAL AWAD/FLASH90)

In the village of Burin, a confrontation broke out during the olive harvest. Additional incidents were reported in the village of Burqa, east of Ramallah, and in Turmus Ayya. The incidents reportedly included at least four vehicles being set on fire, one of which was a civil defense vehicle, and attacks on Palestinian olive harvesters.

In a separate incident, shortly before midnight, settlers reportedly attacked Palestinian homes in the Wadi al-Sheikh area of the town of Beit Ummar, north of Hebron.

The Palestinian Red Crescent said that two wounded Palestinians, a 63-year-old woman and a 40-year-old man, had been treated and taken to the hospital. Another Palestinian was reportedly shot in the knee. 

Israeli security forces arrest fleeing suspect following manhunt

Israeli security forces arrested a suspect after he fled an olive grove near Kafr Kara, Israel Police announced later on Friday.

The police and Shin Bet (Israel Security Agency) conducted a manhunt for the suspect lasting several hours prior to his arrest.

An M-16 rifle was also found in the vicinity.

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Speaking at the CFO Leadership Council’s fall conference in Colorado, Marsh McLennan Senior VP Marybeth Gray shared ideas to keep employees healthy and costs down.

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OpenAI has seen another case of its AI agents going rogue—and this time, crypto is involved. In a recent report, the company detailed how an internal research model used a crypto wallet without permission to pay the fees needed to test an app on Ethereum’s Sepolia test network. Although the tokens had little real-world value, the model had no authorization to collect or spend them.

The incident happened on June 26, when the model was asked to update a crypto trading app and get its code running on Sepolia, a test version of Ethereum. The prompt gave it neither a funded wallet nor permission to spend tokens, and after failing to get free test tokens through developer services, the model wrote a script checking 362 wallet addresses linked to public recovery phrases, a crypto term that describes sets of words that can act as a password to unlock crypto accounts. It eventually found an account with enough tokens to cover the fees.

Internal logs showed that the model deliberated over whether it had permission to use the account, but then decided the public recovery phrase and the tokens’ lack of cash value made the spending acceptable. It finished the task and charged the fees to that wallet, but left the unauthorized spending out of its final report. OpenAI only discovered the incident on Sept. 25 during an audit of earlier model runs.

The case adds to concerns about AI agents acting without human approval. OpenAI’s public tracker of misalignment, or behavior that goes against instructions or safety rules, now lists 19 incidents, ranging from accessing data without permission to making unauthorized changes to business systems.

The disclosure follows a September report by cybersecurity nonprofit Transluce, which revealed that OpenAI agents attempted to hack public databases and an Australian government website simply to complete basic research tasks. In July, the company faced another incident when its AI agents bypassed internet restrictions during internal cybersecurity tests and broke into systems belonging to Hugging Face, a platform for sharing AI models and datasets. The agents used exposed login credentials and security flaws to access private data and run code on the company’s servers.

Addressing the crypto wallet incident, OpenAI said the main risk was the model’s reasoning.

“This case shows that a model can substitute its own judgment about likely harm for the account holder’s permission, then act on that judgment without authorization,” the report said. 

OpenAI said it has since added protections to keep models from connecting to the internet during similar tests. It also expanded its monitoring to watch all model activity and immediately alert security staff if a model goes online without permission.

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Qatar will help Lebanon revive its struggling economy, including by rehabilitating its crumbling electricity sector and supporting the future reconstruction of the country’s south, the Qatari prime minister said Friday.

Qatar will continue to support the Lebanese army “as a national institution that safeguards the country’s security, unity and stability,” Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said after meeting in Beirut with his Lebanese counterpart Nawaf Salam.

For years, Qatar has been a friendly country to Lebanon and a mediator for domestic and international political crises in the region. Qatar has also given tens of millions of dollars to the Lebanese army since Lebanon’s economic meltdown began in 2019.

The Qatari official said that QatarEnergy has reached an agreement with French company TotalEnergies to jointly develop a solar power plant in Lebanon as an initial project. He said that the aim is to develop a major investment project “that would benefit the Lebanese economy, as well as the Qatari companies and entities participating in it.”

Salam said that he will put the plans for Lebanon’s electricity sector to the Lebanese Cabinet soon.

“The Qatari side will fund, implement and activate the project without any cost on the Lebanese state,” Salam said, adding that such a move is important because of Lebanon’s financial crisis.

Lebanon’s state electricity company is one of the country’s biggest sources of debt, hemorrhaging about $40 billion over the past decades with a bloated workforce and outdated infrastructure. The company provides only a few hours of electricity each day, and the state, until a year ago, had taken advances from the Central Bank when diesel fuel ran out.

Earlier in the day, Qatar’s prime minister met with Lebanon’s president and parliamentary speaker and discussed with them the situation in southern Lebanon, where Israel captured dozens of villages and towns earlier this year during the latest Israel-Hezbollah war. Over the past several months, Israel has carried out large-scale demolitions in villages that its troops occupy.

The latest Israel-Hezbollah war began when Hezbollah fired rockets into northern Israel in early March, two days after the U.S. and Israel began attacking Iran, the Lebanese group’s main backer, on Feb. 28.

The Qatari official said that Israel should withdraw from Lebanon and cease its attacks in the country. He said that Qatar is working in coordination with the United States to help lay the groundwork for future reconstruction in southern Lebanon, in a manner that would allow displaced people to return to their homes.

About 1.2 million people were displaced in Lebanon at the height of the war. Most have returned home since a June ceasefire, but more than 300,000 remain displaced, according to the International Organization for Migration.

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Italy’s air traffic capacity was fully restored on Friday after overnight problems hit the data transmission network supporting air traffic control services nationwide, air navigation company ENAV said.

ENAV ruled out a cyberattack and said flight operations remained safe.

The company said it had switched to a secondary satellite network, allowing capacity to increase steadily. Earlier in the morning, the disruption had forced ENAV to cut the number of aircraft that could be handled in Italian airspace by up to 50%.

The disruption caused delays at airports across the country, including Rome’s Fiumicino airport and airports serving Milan and Bergamo.

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Nearly 50 million Americans ages 18 to 29 are eligible to vote in the upcoming midterm elections, and about 60% say they plan to. If they follow through, it would break midterm turnout records for voters under 30.

Gun control is an issue these young voters care about more than the public at large does, and it’s easy to understand why: In their lifetime, mass shootings have been a recurring part of American life.

Directly experiencing a mass shooting is rare, yet some young people have survived two before turning 25. When a gunman opened fire at Brown University in December 2025, at least two students on campus had already experienced a school shooting before they got to college. The same thing happened in April 2025, when students who lived through the 2018 Parkland, Florida, shooting at Marjory Stoneman Douglas High School found themselves caught in another shooting at Florida State University. As one of them put it: “This is America.”

Researchers have called today’s young adults the “massacre generation.” They’re the first group to grow up entirely in the post-9/11, post-Columbine High School shooting era, with routine lockdown drills, heightened security in schools and nonstop media coverage of mass violence.

As criminologists who study the impacts of victimization and gun violence among young people, we wanted to know how growing up with the threat of mass shootings has shaped young adults’ views on gun legislation. In a recent study, we surveyed nearly 1,700 young adults, ages 18 to 29, across the country to find out. We found that fear of mass shootings pulls this generation apart along political and gender lines: It pushes some toward wanting stricter gun laws and others in the opposite direction.

Young people stand with heads bowed behind a line of flowers on a plaza at night.

Students at the University of Texas at Austin hold a candlelight vigil in March 2026 for the victims of a mass shooting at a bar in downtown Austin. Brandon Bell/Getty Images News via Getty

A debate that repeats after every shooting

Mass shootings account for about 1% of gun deaths in the U.S. Still, they profoundly shape how safe millions of Americans feel. In a 2019 survey by the American Psychological Association, nearly 80% of Americans said the possibility of a mass shooting stressed them out, and a third said they avoided certain places because of it. The fear has become so common that clinicians now have screening tools to assess and treat people with anxiety over mass violence.

Young adults have also grown up watching the same heated gun debates play out after every tragedy. Gun control advocates call for stricter firearm restrictions to prevent the next mass shooting, whereas gun rights advocates push back with the “good guy with a gun” argument, a phrase made popular by the National Rifle Association. Supporters of the latter view say more armed citizens are needed to stop active shooters, so more people should be able to buy and carry guns with fewer restrictions, such as carrying in public without a permit or on college campuses.

Researchers have known for a long time that more guns don’t necessarily mean less violence. A 2021 study found that mass shootings were more common in states with higher rates of gun ownership, and gun homicides were more common in states with looser concealed carry laws. Yet even after decades of mass shootings, federal gun policy has barely budged. Even where individual states and local governments have passed assault weapons bans, including Connecticut and Cook County, Illinois, they’ve faced Second Amendment challenges that are now before the Supreme Court.

Young people have become some of the loudest voices in this debate, most notably through March for Our Lives – an organization started by Parkland survivors that focuses on ending gun violence – and other youth-led groups across the country. And because pro-gun views tend to be more common among older Americans, many political observers assume stricter gun laws will follow as young people gain voting power.

This fall, voters will choose members of Congress and state lawmakers who can shape gun laws, and in a few states they’ll weigh in on gun policy directly. In Massachusetts, voters will decide whether to keep or repeal a 2024 law that, among other things, requires gun owners to register their firearms with the state, expands safety training for people applying for a gun license and broadens the state’s ban on assault-style weapons. In Arkansas, they’ll decide whether to change the state constitution to more strongly protect gun rights, including the right to own ammunition and gun parts. If young adults turn out in record numbers, their views could help determine outcomes like these.

Young adults are split

So where do young adults stand? We’ve found that a shared fear of mass shootings does not necessarily lead to shared views on guns. Our survey asked young adults to rate on a scale from 1 to 3 – from “not at all” to “a lot” – how much they fear that they or someone they love will become a victim of a mass shooting. More than 60% reported moderate or high levels of fear, including about 17% who fell in the high-fear range.

In general, about two-thirds of young adults said people should need a permit to carry a gun in public and that guns shouldn’t be allowed on college campuses. About 6 in 10 disagreed that owning more guns makes people safer, and a similar share disagreed that gun control laws are unconstitutional.

We found that young adults who worried more about mass shootings tended to be more supportive of gun control. But this pattern didn’t hold for young men, Republicans or those who were politically conservative. For these groups, the opposite was true: The more they feared mass shootings, the less they supported gun restrictions. Young adults are divided on gun control, and those divisions are sharpest when fear runs high.

In the coming years, the massacre generation is on track to become part of the largest voting bloc in the country. Most young adults share a fear of mass shootings, but they disagree on what to do about them. And with each new mass shooting, that divide may only deepen.

Jillian Turanovic, Professor of Sociology, Co-Director of the CU Center on Crime and Justice, University of Colorado Boulder and Kristin Lloyd, Assistant Professor of Criminal Justice, Clemson University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

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Previously classified Italian intelligence documents reveal suspected connections between Palestinian terrorist organizations and the Sicilian Mafia during the 1980s, including possible cooperation in weapons trafficking, narcotics smuggling, and explosives expertise, according to an investigation published Thursday by the Italian newspaper Il Giornale.

The investigation, by journalist Giulia Sorrentino, draws on intelligence reports, judicial records, and historical documents describing networks extending from Lebanon and Syria to Sicily and Rome. The material also includes an intelligence warning about a possible terrorist attack against the US Embassy in Rome.

Drug trafficking and Palestinian terrorism

One of the central documents, dated November 9, 1983, contains information gathered by Italy’s Carabinieri, the country’s military police force, concerning international drug trafficking and Palestinian terrorist operations.

According to the intelligence report, members of Sicilian Mafia networks associated with the Greco and Gambino families were operating in Lebanon’s Bekaa Valley, then under strong Syrian influence. The area reportedly contained narcotics-processing facilities near Baalbek.

The source alleged that six AK-47 assault rifles had reached Mafia associates and been used in attacks in Sicily. It also described a shipment of approximately 900 kilograms of morphine base reportedly sent from Lebanon toward the Sicilian city of Catania in October 1983.

The same intelligence material warned that Palestinian terrorist organizations might attack Western targets if the multinational military force stationed in Lebanon intervened against Palestinian positions. The source specifically reported knowledge of a planned attack against the American Embassy in Rome.

Sorrentino’s investigation also revisits the July 29, 1983, assassination of Rocco Chinnici, an Italian magistrate who played a leading role in the campaign against organized crime.

Chinnici and three other people were killed when a car bomb containing approximately 75 kilograms of explosives detonated in Palermo. The attack’s use of a remotely detonated explosive device resembled techniques employed by terrorist organizations during Lebanon’s civil war.

Judicial records describe how Bou Chebel Ghassan, a Lebanese police informant, had provided information about contacts with Mafia figures and efforts to obtain weapons and morphine. Days before Chinnici’s assassination, Ghassan reportedly described methods of killing investigators remotely, comparing them to those used by Palestinian terrorists in Lebanon.

No record that Palestinian operatives participated in assassinating Chinnici

Although the testimony raised questions about possible foreign connections, Italian judicial proceedings established Cosa Nostra’s responsibility for Chinnici’s murder. The records do not demonstrate that Palestinian operatives planned or participated in the assassination.

The investigation also revisits allegations published by Corriere della Sera on June 22, 1993. In a report from Beirut, correspondent Antonio Ferrari quoted Zeid Wehbe, a Palestine Liberation Organization representative, alleging that operatives associated with Abu Nidal had infiltrated Mafia networks.

According to those allegations, Abu Nidal’s organization supplied expertise in explosives and sophisticated killing devices in exchange for assistance with criminal operations.

Abu Nidal, whose real name was Sabri al-Banna, led a Palestinian terrorist faction that broke with Yasser Arafat’s PLO. His organization was responsible for attacks against Israeli, Jewish, Western, and Palestinian targets.

An Italian military intelligence report dated January 13, 1986, also described connections between Abu Nidal and circles associated with the family of Syrian President Hafez Assad. The document, identified through research by Italian historian Giordana Terracina, referred to the international terrorist known as Carlos the Jackal.

The assessment followed the December 27, 1985, coordinated attacks against airports in Rome and Vienna by Abu Nidal’s Palestinian terrorist organization. The assaults killed 16 civilians and injured approximately 120 others.

Sorrentino also cites an October 1990 memorandum attributed to Italian General Demetrio Cogliandro. The document raised allegations concerning Arab banks operating in Italy, financial transactions involving Middle Eastern governments, and funds allegedly reaching Italian organized crime groups for narcotics purchases.

The intelligence records became accessible through a broader Italian government initiative launched in 2014 to declassify historical documentation relating to terrorism and political violence.

The newly published investigation does not establish that Abu Nidal’s organization maintained a formal operational alliance with Cosa Nostra or participated in Mafia assassinations. The allegations in the intelligence reports have not all been independently corroborated.

However, the documents demonstrate that Italian intelligence agencies were examining possible connections between Palestinian terrorism, organized crime, and Middle Eastern trafficking networks years before allegations of an Abu Nidal–Mafia partnership became public in 1993.

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Gains in tackling malnutrition in Gaza remain fragile and could be undermined by disruptions to supplies entering the strip, the UN children’s agency UNICEF said on Friday, urging that all crossings remain open.

Israel said on Wednesday commercial goods were no longer entering Gaza because of what it described as a dispute over taxes between local merchants and Hamas.

That has cut off a vital source of food and other goods in Gaza, where most depend on humanitarian assistance after three years of war, repeated displacement and stringent Israeli restrictions on aid deliveries.

Gazans left highly vulnerable despite ceasefire agreement

Although the ceasefire has improved aid access and reduced large-scale fighting, humanitarian agencies say ongoing Israeli strikes, continued displacement and widespread destruction have left civilians highly vulnerable.

Speaking to reporters in Geneva, UNICEF spokesperson Ricardo Pires said the flow of both commercial and humanitarian supplies must remain predictable and continuous.

“The impact on children obviously will be felt if this situation is not resolved,” he said.

“We can’t go back to a situation where children and families are not getting all the supplies, goods, and services that they require.”

A new UNICEF report published on Friday found that while the ceasefire since October has allowed more humanitarian aid and commercial supplies to enter, acute malnutrition remains a risk.

The report said progress in pushing back the threat of famine, confirmed by a global food security monitor in August last year, had been achieved through a scaled-up food and nutrition response, the easing of restrictions on the entry of food and nutrition supplies, and the ceasefire.

However, those gains remain fragile, it said.

“Acute malnutrition rates have fallen, but only one in three children under the age of two is currently achieving minimum dietary diversity,” the report stated. A survey conducted by UNICEF in June also found a significant prevalence of chronic malnutrition, affecting one in eight children under five.

UNICEF also called for improvements in living conditions in the largely devastated enclave, where some 800,000 children are still displaced and most live in tents or unsafe buildings as winter approaches, saying better shelter and basic services are essential to support a lasting recovery.

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Defense Minister Israel Katz and senior military, police and prison officials have been placed under investigation in Italy over the treatment of Gaza flotilla activists, Italian prosecutors said on Friday.

The move expands an investigation that was previously focused on far-right National Security Minister Itamar Ben-Gvir.

The case concerns suspected torture, kidnapping, personal injury, robbery and damage when Israeli forces intercepted small fleets of boats headed towards Gaza in 2025 and 2026, the Rome prosecutors’ office said in a statement.

Investigators opened the probe after complaints from 50 Italian citizens who were detained by Israeli authorities following two Global Sumud Flotilla missions in September to October 2025 and April to May 2026.

Katz did not immediately respond to a request for comment. Ben-Gvir in June dismissed news that he was under investigation, saying he would “continue to stand proudly alongside our fighters.”

Death threats and beatings

Prosecutors said activists detained after the first mission had reported beatings, injuries, death threats, insults and accusations of terrorism.

Activists involved in the second mission reported even harsher treatment, including beatings in the dark, the use of tasers and rubber bullets, the statement said.

Investigators had identified various individuals forming the military and police chains of command involved in the operations, prosecutors said.

Besides Katz and Ben-Gvir, prosecutors named 12 senior Israeli military, police and prison officials as suspects, including military chief Eyal Zamir.

Zamir also did not immediately respond to a request for comment.

Prosecutors said they had sent Israel a request for judicial assistance in June, seeking information needed to reconstruct events and establish individual responsibility. They did not say whether Israeli authorities had responded.

The prosecutors said they also held talks with the European Union’s judicial cooperation agency, Eurojust, because similar investigations into the two flotilla missions were underway in other unnamed European countries.

Under Italian law, crimes committed abroad against Italian citizens can be prosecuted in Rome.

Being placed under investigation in Italy does not imply guilt and does not automatically lead to a trial. However, if the probe determines that charges are warranted, prosecutors could lodge a formal request for trial.

Flotilla organizers say they aimed to break Israel’s blockade of Gaza by delivering humanitarian assistance. Israel says its naval blockade on Gaza is lawful.

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The IDF killed Hamas Nukhba cell commander Maher Walid Omar Al-Husseini in the southern Gaza Strip on Wednesday, the military announced on Friday.

According to the IDF, Al-Husseini infiltrated the Kibbutz Re’im military base as part of Hamas’s October 7 massacre.

Since the 2023 attacks, the terrorist has continued his involvement in planning terror attacks against Israeli soldiers and civilians, the military noted.

The announcement follows two separate Gaza strikes on Thursday, which killed an additional Hamas commander who participated in the October 7 massacre and a Palestinian Islamic Jihad (PIJ) terrorist.

The Hamas commander, Mohammed Mohammed Abd al-Khalek Hala, was killed in northern Gaza, while the PIJ terrorist, Ahmad Jabrin Tawqif Dalhan, was killed in Khan Yunis, the IDF said earlier on Friday.

According to the military, Hala produced weapons for Hamas and advanced its presence in Gaza, and Dalhan advanced attacks against Israeli soldiers and civilians.

Gazan terror weapon smugglers killed in joint IDF-Shin Bet strike

On Thursday, the IDF and Shin Bet (Israel Security Agency) jointly announced that they killed two terrorists in Gaza on Wednesday who were allegedly involved in the smuggling of weapons and other military assets into the strip.

The Khan Yunis strikes killed Basel Nabil Abd al-Rahman Kashta and Ahmad Raja al-Shaer, with the statement describing them as having posed an immediate threat to IDF soldiers operating in the area of the Yellow Line, as well as Israeli civilians.

Esther Davis and Asher Smith contributed to this report.

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Longevity medicine is now estimated to be a multitrillion dollar industry. But what are people paying for, and does it work?

On this week’s episode of “The Readout LOUD,” STAT’s biotech podcast, we bring on STAT reporter Sarah Todd to discuss the booming industry of longevity health and her visit to one of the many longevity clinics popping up in major hospitals across the country.

Read the rest…

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From August to January, NFL officials travel weekly across the country—and sometimes abroad—to oversee some of the world’s most-watched sporting events. But when the final whistle blows, another job is often waiting for them the next morning.

Many of the NFL’s 121 officials hold full-time jobs outside football: Clete Blakeman is a personal injury attorney in Nebraska, Brad Rogers is a senior lecturer at Texas Tech University’s business school, and Shawn Hochuli is a California-based financial advisor. The unusual career combinations recently went viral on social media.

But these aren’t just side hustles to supplement their NFL paychecks. Referees earned an average of $205,000 a year in 2025, according to Sports Illustrated, on top of a reported 10% increase in per-game pay in 2026. Instead, many officials built careers in other fields before reaching the NFL—and continue to pursue them alongside football.

Shawn Smith joined the NFL in 2015, but has also spent the last three decades in auditing. He’s said there are more parallels between the career paths than people might realize.

“Most folks don’t want to see an auditor come and most folks don’t care about refereeing,” Smith, who currently works at Blue Cross Blue Shield of Michigan, told Detroit news affiliate WXYZ earlier this year. “But one of the things we do is we have to be objective, we have to be independent, we have to be disciplined in our craft.”

That commitment extends well beyond game day. During the season, officials spend more than 30 hours a week studying video and the rulebook, according to the NFL. They also meet with their crews and review evaluations from supervisors, making officiating feel like a second full-time job.

You don’t have to choose just one career, one NFL official says: ‘Go out and do both’

Adrian Hill is another example. A 16-year NFL officiating veteran, he also works as a principal software engineer at NASA’s Goddard Space Flight Center in Maryland. For him, the two jobs require very different approaches to decision-making.

“With the NFL, you’re making split decisions on the field, it goes by in a flash,” Hill told CBS Baltimore in 2021. “On the spacecraft side, it’s very different. When we make decisions, it’s very measured, we weigh decisions.”

But officiating comes with its own kind of pressure.

“I feel more pressure on the NFL field,” Hill said. “When the lights go on, we blow the whistle, and the action is live. If you had a heart rate monitor, my heart rate is at the highest. I know people say it’s just a game, but 20 million people are watching, you make the snap decision.”

Reaching that level takes years of work. The NFL requires prospective officials to have at least 10 years of football officiating experience, including at least five years at the varsity college or minor professional level. Individuals also have to be in “excellent physical condition” and belong to an accredited football officials association or have previous experience in football as a player or coach.

If those boxes are checked, the application process is relatively simple: candidates are invited to mail off their collegiate officiating schedule for the past three seasons to the NFL’s Manhattan headquarters.

For Hill, pursuing two demanding careers is proof that people don’t have to choose just one path.

“If someone told a kid they could be a professional football player and medical doctor, you’d think that would never happen,” Hill said. “If you have that drive and determination, you can do it. Don’t listen to them. You can go out and do both.”

Olympic athletes and Gen Z are juggling multiple jobs, but for different reasons than NFL officials

NFL officials aren’t the only ones balancing two very different careers. For some, a second pursuit starts as a passion project. For others, it’s a way to make ends meet.

Comedian and actor Ken Jeong, for example, started his career as a licensed physician when he began pursuing comedy on the side.

“During the day, I was a doctor. At night, you know, I was a comic,” he told NPR in 2014. “And it was really just to let off some steam. It became like golf, you know, in many ways. Most doctors have golf as a hobby. Mine was doing comedy.”

Eventually, he was able to leave medicine behind and pursue comedy as a full-time career. But for many, maintaining two jobs is a necessity.

Several U.S. Olympic athletes went viral earlier this year for balancing full-time jobs with the demands of elite competition. Alpine skier Keely Cashman, who represented Team USA at the 2022 and 2026 Winter Olympics, spends part of the year working as a barista in her small California town.

Cory Thiesse and Korey Dropkin, meanwhile, became the first American team to win a medal in Olympic mixed doubles curling, taking silver. Outside competition, Thiesse works as a lab technician at a mercury-testing lab, while Dropkin works as a full-time real estate agent.

“I feel grateful that I have a job that pays the bills while I go compete in curling,” Thiesse said earlier this year. 

That balancing act is growing in familiarity for many young workers navigating a difficult job market and rising underemployment—when people work in jobs that don’t require the degrees they earned. A study from EY found that 39% of Gen Z held both a job and a “side hustle.”

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Robotics will be critical to expanding U.S. manufacturing at scale as companies struggle to find enough skilled workers, a manufacturing executive told FOX Business.

“We do not have the workforce needed to do that,” Heather Carroll, chief revenue officer at Path Robotics, said when asked whether the U.S. could expand manufacturing at scale without robotics.

Carroll pointed to Saronic Technologies’ $3.2 billion Port Alpha shipyard in Brownsville, Texas, as an example of how automation can be used alongside American workers. Vice President JD Vance attended the project’s groundbreaking last month.

“This is a great example of how using automation, advanced technology, can be joined and combined with hiring lots of really good American jobs right here at home,” she said.

The issue is becoming increasingly important as the U.S. competes with China, which Carroll said has moved faster to put robotics to work in its factories.

INSIDE SILICON VALLEY’S BET ON A NEW PATH TO LANDING A JOB IN THE AI ERA

“I definitely think that that is a big risk that we run right now,” she said when asked whether the U.S. could lose ground by failing to adopt the technology quickly enough.

China has developed a national strategy around robotics and AI that brings together government, industry and financing to increase adoption, according to Carroll.

“We really lack something similar here in the United States, and it is a competitive disadvantage,” Carroll said. “And so what we’re seeing is this gap widening between the amount of adoption that China has in the robotics space versus what we have in the United States.”

Carroll said American manufacturers face several hurdles to adopting automation, including access to capital, uncertainty over demand and a shortage of workers with the technical skills needed to deploy the technology.

ZOOX CEO SAYS AUTONOMOUS VEHICLES NEED REGULATION MONTHS AFTER ROBOTAXI DROVE INTO LAS VEGAS FIRE SCENE

She said advances in AI could help lower some of those barriers by making robots easier to deploy without requiring as much technical expertise.

Carroll said automation could help manufacturers offset shortages of skilled workers.

She pointed to welding, where she said an aging workforce is facing growing demand from shipbuilding, defense, energy and AI infrastructure.

“We see it with everyday manufacturers that tell us, ‘We have huge order volumes, but we can’t take this work on here, because we can’t hire a second shift,'” she said.

ERIC TRUMP-BACKED ROBOT STARTUP LANDS $24M PENTAGON DEAL TO COMPETE WITH CHINA

She said, for example, that one welder could be trained to operate 10 welding robots while continuing to handle more skilled work.

Carroll acknowledged concerns that AI and robotics could replace jobs but said the focus should be on training workers to use the new technology.

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“We need to look at ways that we can augment the workers that we have, and ways that we can upskill them and provide them opportunities to be part of the workforce that is being developed around these new types of jobs and skills,” Carroll said.

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Three answers, three countries, one open-ended question: “Teaching is similar to what other occupation or activity?”

We asked this question to more than 3,000 people across the United States, England and Australia between May 2025 and March 2026.

Coaching was the front-runner across all three countries. But the similarities partially diverged there.

Respondents in England and Australia more often compared teaching with professional roles such as nursing and social work. U.S. respondents, meanwhile, more often likened teaching to being a parent and religious roles, such as a cleric or pastor.

In the three countries, however, one other idea stood out: Teaching was primarily associated with a caring relationship.

We have previously examined how Republicans and Democrats in the U.S. find common ground on what makes a good teacher, despite the polarization in the country on education and many other issues.

This time, we wanted to know whether people across countries had similar ideas of teachers.

Common ground

In all three countries, respondents most often described teaching as centered in the relationship between teacher and student: a form of coaching, caregiving, parenting and other types of personal support.

Coaching was the most common answer in each country, but its prominence varied.

Coaching was named by 30% of U.S. respondents, compared with 23% in England and 23% in Australia.

The differences became more pronounced when participants named other occupations and activities.

Respondents in England and Australia were more likely to associate teaching with institutional, credentialed and paid professional roles, such as nursing, lecturing and social work.

“Nursing. They care for and look after people whilst they are at their most vulnerable. Teachers do a similar thing by caring and teaching young people some of the skills they will need later in life,” a 39-year-old Australian man told us.

“A lecturer, you are passing on knowledge to people, usually the younger generation,” another 32-year-old man in England said.

Compared with respondents in those countries, U.S. respondents were more likely to describe teaching through caregiving roles, such as parenting, and through religious figures, such as priests, pastors or rabbis.

“Being a parent, you are caring for young minds and shaping them through learning,” a 33-year-old woman in the U.S. told us.

“As a preacher, he teaches the word of God. How they deliver the word determines how well the people will understand it,” a 23-year-old woman in the U.S. said.

While international comparisons are informative, they do not represent a single view of teaching. Instead, they suggest that respondents in three countries likely drew on somewhat different cultural repertoires when describing the profession.

We were surprised by just how much agreement we found.

Despite differences in schooling models and cultural norms, people in the United States, England and Australia had remarkably similar ideas about how relationships are at the heart of teaching, closely echoing our other work showing that Republicans and Democrats view teachers similarly.

A man wearing a button down shirt leans on desks while people sitting at the desks face toward him.

While AI is fueling educational debates, people don’t associate the technology with teachers. Connect Images/iStock via Getty Images

AI is not at the center of people’s thinking

In September 2026, The New York Times conducted an informal survey of 37 education researchers who gave 30 ideas about how to fix schools.

Their list consists primarily of interventions such as more per-pupil funding, banning cellphones and restricting artificial intelligence in the classroom. These ideas appeared far less often in our participants’ explanations of what teaching resembles.

In fact, out of more than 3,000 responses to our survey, AI came up only a handful of times and never as the reason teaching and another occupation were said to be alike.

Given how central AI has become to political and academic debates about the future of education, its near-total absence in these public descriptions of teaching is notable.

At the same time, experts and citizens agree that what separates very good teaching from poor execution is likely the quality of the relationship between educators and children.

We think that serious conversation about student achievement must include clear descriptions of very good teachers: the practices they use to encourage and enable students to learn. Our research shows that teaching should make room for both the transmission of knowledge and the meaningful and caring relationships that make learning possible.

Gustavo E. Fischman, Professor of Education Policies and Comparative Studies, Arizona State University; Eric Haas, Professor of Educational Leadership, California State University, East Bay, and Margarita Pivovarova, Associate Professor of Education Policy, Arizona State University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

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China on Friday said it plans to restrict or ban exports of 40 technologies that span artificial intelligence, chips and solar power as its technology race with countries including the United States intensifies.

The Ministry of Commerce and Ministry of Science and Technology jointly published a draft document with the proposed updates for China’s catalog of technologies subjected to export bans or restrictions.

A spokesperson from the commerce ministry said in a statement that the move was “necessary” and cited national security as one of the reasons.

The proposal came as China and the U.S. made progress in dialogues over AI safety and governance and on the setting up of a notification mechanism between the two superpowers for AI incidents that could threaten national security.

Twenty-three AI technologies, from advanced large models to agents, are included on Friday’s list, according to the Chinese ministries.

U.S.-led restrictions have curbed the export of some advanced technologies to China over the past years, with the country blocked from accessing the world’s most cutting-edge AI chips and the advanced chipmaking machines that make them.

Exports of core technologies of AI large models trained using sensitive national data would be prohibited under the Chinese proposal, along with AI agents that are designed to be used in highly sensitive environments such as national defense and critical information infrastructure.

“The Chinese government is implementing such necessary measures with the aims of reinforcing the security bottom line, preventing misuse and abuse, and ensuring that AI remains under human control,” the commerce ministry’s statement said.

Meanwhile, exports of AI models with parameter counts of 2 trillion or above, or with certain world-leading capabilities, could be restricted. An AI model’s parameter count is a key metric that reflects its learning capacity.

Chinese AI models including Moonshot’s Kimi K3 and Alibaba’s Qwen 3.8-Max are among those with parameter counts exceeding 2 trillion, but Friday’s proposal did not name specific models.

Several chip design technologies, including for some AI processing chips and memory chips, are also included in the proposed export restrictions.

Twelve solar power-related technologies are also included, including those related to the making of polysilicon, a core raw material for the solar supply chain, as well as five biomedicine technologies including those related to cell and gene therapy.

The move “can be seen as a response to Western countries posting sovereignty requirements on AI, robotics, telecommunications, and other key technologies,” said Lian Jye Su, a chief analyst at technology research and advisory group Omdia. The aim would be to better regulate access to the Chinese technologies, he believes.

The U.S. Commerce Department in June had asked Anthropic to bar foreign nationals from using some of its most powerful AI models, Fable 5 and Mythos 5, citing national security concerns. The restrictions were later lifted.

AI is increasingly strategic for both China and the U.S., added Gary Ng, a senior economist at French bank Natixis. “The world is getting more fragmented in trade and investment, but also in access to technologies,” Ng said.

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A British jewelry consultant is calling out Amazon—again.

“This is an utter joke,” Jayne Bond wrote in a Sept. 16 LinkedIn post, criticizing U.K. enforcement authorities after discovering that a ring with the same design as one previously exposed for containing dangerously high levels of cadmium was back on Amazon—this time offered by a different seller.

The £3.39 ring was advertised as “925 Sterling Silver,” which means it should contain 92.5% silver. But Bond said preliminary testing of the ring she purchased detected cadmium, a toxic metal known to cause cancer.

Amazon told Fortune that the ring Bond identified in September has since been removed from its marketplace.

A ring that was 92% cadmium

Bond’s discovery came two months after The Sunday Times published an investigation into jewelry sold through Amazon and TikTok Shop in the U.K. Bond, who had spent months raising concerns with Amazon before alerting the newspaper, helped bring the issue to light.

The investigation found that a ring advertised on Amazon as 925 silver was an estimated 92.3% cadmium—more than 9,000 times the U.K.’s legal limit of 0.01% cadmium in jewelry. Charms on a bracelet sold through TikTok Shop, also advertised as sterling silver, contained about 33% cadmium, roughly 3,300 times the limit, according to trade publication JCK’s summary of the report.

In July, Amazon said it was removing the affected products following an internal investigation. TikTok Shop recalled the bracelet, notified buyers and said the seller, Perform Pearls, had been removed from the platform.

It isn’t the first time U.K. authorities have flagged cadmium in jewelry sold through Amazon. In one Office for Product Safety and Standards notice, a silver-colored ring and earrings sold on the platform exceeded the legal cadmium limit, and Amazon removed the listing.

Cadmium is a heavy metal used in products including batteries and metal coatings. The U.S. Department of Health and Human Services has determined that cadmium and its compounds are known human carcinogens, according to the Agency for Toxic Substances and Disease Registry.

Long-term exposure can damage the kidneys and weaken bones, although the health risks depend on how the metal enters the body. Very little cadmium is absorbed through the skin; ingestion and inhalation pose greater risks.

Too cheap to be silver

Bond argued that the ring’s £3.39 price tag should have raised red flags on its own. The ring weighed about 2.5 grams and was advertised as sterling silver—and that’s before accounting for manufacturing, plating, packaging, international shipping, marketplace fees and profit.

The price gap between the two metals is striking. Silver averaged about $38 per troy ounce in 2025, or roughly $1.22 per gram, according to the U.S. Geological Survey. Cadmium averaged $3.90 per kilogram—about $0.004 per gram, the agency found. That makes silver roughly 300 times more expensive than cadmium by weight.

The gap has only widened. Silver was trading around $60 an ounce in mid-October, or about $1.93 per gram. At that price, the roughly 2.3 grams of pure silver in a genuine 2.5-gram sterling ring would be worth about $4.50 on its own.

Fortune also found a similarly styled ring listed on Amazon’s U.S. website. The listing advertised it as “high-quality 925 sterling silver” plated with 18-karat white gold—for $4.99. If it weighs about as much as the U.K. ring, that would leave roughly 50 cents to cover everything beyond the raw silver.

Fortune has not independently tested the ring or verified its metal composition.

A patchwork of U.S. rules

While the U.K. sets a legal limit for cadmium in jewelry, the rules are less straightforward stateside.

The Consumer Product Safety Commission says there are no mandatory federal safety requirements specifically for jewelry, though voluntary industry standards exist and children’s jewelry must meet federal lead limits. Broader consumer product safety laws still apply, including requirements to report potentially hazardous products.

Some states have set their own cadmium limits. Minnesota limits cadmium in jewelry to 0.0075% by total weight, while California caps cadmium at 0.03% in children’s jewelry. Connecticut, Maryland, Illinois and Washington also restrict cadmium in children’s jewelry, though limits and testing requirements vary by state.

Separately, the Federal Trade Commission’s Jewelry Guides consider it deceptive to market jewelry as “sterling silver” unless it contains at least 92.5% pure silver.

Whose job is it to check?

The listing raises a broader question: How do online marketplaces verify the materials advertised by third-party jewelry sellers—especially when similar-looking products have already been flagged for containing toxic metals, and prices are so low that, as Bond pointed out, they should raise red flags of their own?

Amazon’s jewelry seller requirements say sellers must accurately describe their products and comply with its quality and safety standards. Sellers must also maintain quality control and inspection procedures.

Amazon has long argued that it isn’t responsible for products sold by third parties. As Fortune previously reported, the CPSC sued Amazon in 2021 to force recalls of hazardous products sold through its fulfillment service, and the company maintained it was merely a logistics provider handling storage and shipping, not a distributor.

In 2024, the CPSC unanimously rejected that argument, ruling that Amazon was legally responsible for recalling more than 400,000 hazardous products. Amazon sued the agency in March 2025 to challenge the decision.

Fortune asked Amazon about Bond’s latest findings, its efforts to prevent potentially unsafe jewelry from reappearing through different sellers, and how it verifies the metal content of jewelry sold on its platforms, including the $4.99 ring Fortune identified.

“We take customer safety very seriously,” an Amazon spokesperson said. “All products listed in our store are required to comply with applicable laws, regulations and Amazon policies, which vary by country, and we strictly prohibit false marketing claims.”

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Federal Reserve Chairman Kevin Warsh acknowledged “synchronous tightening” by the world’s major inflation-fighting central banks in an overseas discussion.
Warsh took part in a fireside chat with International Monetary Fund Director Kristalina Georgieva on Oct. 16 as part of the week-long IMF–World Bank annual meetings in Bangkok, Thailand.
His talk comes as the Fed wrestles with inflation above the institution’s 2 percent target for 67 straight months and surging Treasury bond yields.
The central bank chief avoided details ahead of this month’s Federal Open Market Committee policy meeting, continuing his goal of not giving forward guidance.
Here are key takeaways from the Fed chair’s remarks….

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New White House Press Secretary Katie Zacharia admitted that she hadn’t passed the California bar exam during an interview with Fox News’s Sean Hannity on Thursday night. This interview was her first direct confirmation since her credentials came under scrutiny in the last few days.

Zacharia’s credentials came under question after The Washington Post reported that she had never passed the bar exam in any of the states she lived in, meaning that she is not legally allowed to practice law, and is therefore neither an attorney nor a lawyer.

Searches of attorney directories in California, Texas, and Washington, DC, under both Zacharia’s married and maiden name, produced no listings.

The Jerusalem Post found that her LinkedIn profile states she earned a Juris Doctor degree, meaning she is not licensed to practice law.

“You went to Pepperdine Law School but you did not pass the bar exam, correct?” Hannity asked her.

“Correct,” Zacharia responded, admitting that she wasn’t a licensed attorney. 

Lawyer vs attorney, what distinction is Zacharia drawing?

Hannity followed up by asking, “You said you consulted with people who advised you it was okay to call yourself a lawyer but not an attorney, correct?” which Zacharia confirmed to be accurate.

“There’s a report out tonight showing 15 social media posts where you identify yourself as an attorney,” Hannity said, but Zacharia tried to brush it away, saying that those posts are “just retweets,” and adding that she “corrected the record” and “was not endorsing the title.”

Although Zacharia has never practiced, nor been licensed to practice law in the US, the Post found that she worked as an associate on the international practice team at Chinese law firm Zhong Lun from 2011-2013. The Washington Post found that Zacharia would not have been able to taken the bar exam in China, as she was not a citizen.

“Why get into this long drawn out discussion as to the difference between a lawyer and an attorney, when most people won’t see the difference between the two,” Hannnity asked.

“When I went to go engage in media I consulted legal professionals on whether or not I could be labeled a lawyer,” Zacharia said. “I wasn’t providing legal advice, I was giving a general review of the legal circumstances surrounding it.”

Trump introduced Zacharia as an attorney when announcing her role

Despite Zacharia’s claims that she avoids identifying herself as an attorney, US President Donald Trump specifically called her an attorney in his message announcing that she would be stepping into the role.

“Katie is a distinguished Graduate of Pepperdine University and the Pepperdine Caruso School of Law, an attorney, and a frequent Commentator on outlets, including Fox News and Newsmax,” Trump wrote on Truth Social last week.

Journalists pressed Zacharia and Trump for more details about her credentials after Zacharia’s first press briefing on Tuesday.

The White House did not clarify whether or not she is a licensed, practicing attorney.

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Do robots actually save enterprises money?

Depending on whom you ask, a robot costs $2 an hour, according to a Roland Berger study earlier this year; $10 to $12, according to JPMorgan or more than $35, according to reports on early industrial deployments.

These figures appear to contradict one another. In fact, they expose the real question facing the physical AI industry: How much useful work can a robot reliably perform?

Enterprises do not need robots that are inexpensive in theory. They need dependable labor in the messy conditions of a factory, warehouse, or distribution center.

That distinction will determine whether physical AI remains an expensive collection of pilots or becomes a labor market measured in trillions of dollars.

The economics depend on utilization

A robot’s hourly cost is relatively simple to calculate. Divide its purchase or lease cost by the productive hours it works over its life, then add power, maintenance, software, integration, and supervision.

The variable that changes everything is productive time.

In Roland Berger’s equation, the $2 an hour covers energy, software, network, and scheduled maintenance. It excludes the purchase or the lease of the machine. This equates to the running cost at volume, not the cost of a deployment. When placed against the average U.S. warehouse human wages, that $2 an hour only wins if the robots are running 60-70% of the time.

Consider a $90,000 industrial robot amortized over five years. At 2,000 working hours per year, the hardware contributes about $9 to each operating hour. Add maintenance and other expenses, and the total might approach $12.

But if the robot works only 1,000 hours a year, the hardware cost per productive hour doubles. If it operates only during occasional peaks or spends long periods waiting for a task, the effective cost rises further.

Same robot. Same price. Different schedule.

JPMorgan estimates it currently takes about two humanoids to match the output of one human worker. That doubles the effective hourly cost. But, productivity per hour improves with software, while cost per hour improves only with hours. The productivity problem is being solved in labs. The utilization problem has to be solved on the floor.

Some describe the marginal cost of running a robot at scale. Others include equipment and integration. Still others reflect early deployments with low utilization and extensive human supervision.

The robot’s sticker price matters. Its schedule matters more.

The truth in Agility’s filing

The clearest public evidence is Agility Robotics’ S-4, which was filed ahead of its merger with Churchill Capital Corp XI. Its Digit robots have logged more than 65,000 hours across nine customer sites, including GXO, Schaeffler and Toyota Motor Manufacturing Canada. The filing shows $1.78 million in 2025 net sales against a $140.2 million operating loss and $300 million in milestone-contingent orders from a single customer.

It also lays out Agility’s own cost model for its next robot which is roughly $400,000 over a five-year life. Run one shift of 2,000 hours a year, and that is about $40 an hour, while two shifts are running close to $20 an hour. Because Agility’s fully loaded worker benchmark is $30 an hour, the robot becomes cheaper only after it runs more than 2,700 hours a year.

Factory floors are no laboratories

High utilization cannot rescue a robot that fails whenever conditions change.

Robotics has produced impressive demonstrations for decades: robots folding shirts, making coffee, moving boxes, and completing intricate tasks in controlled environments. The trouble begins when they leave the lab.

Factories and warehouses are full of variation. Objects arrive in unexpected positions. Packaging changes. A person steps into an aisle. Equipment gets moved. A task that appeared simple in a demonstration becomes a stream of exceptions.

This gap between a perfect demo and dependable production is the central challenge in physical AI.

A robot that requires an engineer every time its environment changes is not autonomous labor. It is an ongoing integration project.

The winning companies will therefore be measured by less glamorous questions: Can their systems perform useful work consistently? Can they move between tasks without expensive reintegration? Can they operate for enough hours to deliver an attractive cost per completed job?

Those questions point to a different business model.

Don’t sell a robot. Sell work.

Under a Labor-as-a-Service model, the customer is not primarily buying equipment. The customer is buying an outcome: pallets moved, trailers unloaded, parts delivered to an assembly line, or packages sorted.

Instead of asking an operations leader to make a large capital bet on unfamiliar technology, a provider can price its service against the work performed. The provider assumes greater responsibility for deployment, maintenance, software, and uptime. The customer pays for productive capacity.

This model forces robotics companies to confront utilization directly. A vendor paid for completed work cannot hide behind a successful pilot or an ambitious unit forecast. Its economics depend on keeping the machines productive.

For customers, the relevant comparison is not a robot’s theoretical hourly cost versus a worker’s wage. It is the cost and reliability of the complete service versus the fully loaded cost of getting the work done today—including overtime, turnover, vacancies, safety incidents, and lost output.

This is especially significant in manufacturing and logistics, where labor shortages already constrain production. Many of the strongest initial applications are the dull, dirty, and dangerous tasks that go unfilled, contribute to injuries, and pull people away from higher-value judgment and exception handling.

One of us argued in March that the winners in Physical AI would be the most operationally disciplined companies rather than the most visible. That claim was intuition but the cost figures above provide the proof.

Start with a wedge, not a universal worker

The industry’s most visible ambition is a general-purpose humanoid capable of doing almost anything. That vision may eventually be realized, but it is not the most credible route to near-term scale.

A better strategy is to start with a narrow wedge: a recurring problem in an environment structured enough to support reliable operation, yet complex enough to create a defensible advantage.

Warehousing, automotive manufacturing, food processing, and industrial material movement are promising not because they produce the best videos, but because the work is repetitive, demand is persistent, and many facilities operate across multiple shifts.

A company might begin by automating pallet movement rather than attempting every task on the factory floor. If it performs that job reliably, it generates something more valuable than a demonstration: real-world data.

Every deployment exposes the system to variations a laboratory cannot reproduce. That data improves the models. Better models handle more exceptions. Greater reliability opens adjacent tasks. More tasks increase the hours each system can work, improving utilization and lowering the effective cost.

More deployments create more data. More data expands capability. Greater capability creates more work. More work improves the economics.

That is how a narrow wedge becomes a platform.

The next labor platform

The global market for manual labor is measured in tens of trillions of dollars. Capturing even a small share would create enormous companies. But the opportunity will not be won by putting more robots into pilots.

It will be won by turning machines into dependable labor capacity.

The leaders will focus first on repetitive, necessary work that exists across multiple shifts. They will enter through a narrow operational wedge, learn from real production environments, and expand as their systems become more capable. They will combine hardware, intelligence, deployment, and service into a reliable unit of work.

The physical AI revolution will not be defined by how many robots companies sell. It will be defined by how much useful work those robots complete.

Disclosure: Navin Chaddha is Managing Partner at Mayfield, an investor in Rhoda AI, a robot foundation model company. Mayfield holds no other Physical AI positions. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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Prime Minister Benjamin Netanyahu responded on Friday to comments made by former US president Barack Obama, in which he accused Israel of taking “land off people and being “excessive,” referring to Israel’s treatment of the Palestinian people throughout the country’s history.

Obama made the comments during a visit to Belfast, Northern Ireland, on Tuesday.

“The Jewish people are not foreign occupiers in the land of our forefathers,” Netanyahu said in a video posted to X/Twitter. “Our history is not a colonial enterprise. Our land is not stolen land. This is our homeland.”

Netanyahu called Obama’s Belfast comments a “regrettable statement,” emphasizing the connection between the Jewish People and the land of Israel, noting its biblical name, “Judea.”

“That’s where Jews come from,” he said. “And we’ve been attached to it for thousands of years.”

The prime minister differentiated Israel from European nations with colonial pasts, saying that the Jews in Israel are not “the Dutch in Indonesia… the Belgians in the Congo, we’re Jews in Judea.”

Obstacle to peace lies with Israel’s, America’s enemies, Netanyahu says

Regarding the path to a peace agreement, Netanyahu said that the obstacle to peace is not Israel, but rather the enemies in the region shared by Israel and the United States.

Specifically, Netanyahu noted the enemies’ “refusal to recognize the Jewish people’s right to a state of our own, in any boundary.”

He cited chants of “Death to Israel” and “Death to America,” which are common in states like Iran, a shared enemy of the US and Israel.

“We are the ‘Little Satan,’ you are the ‘Great Satan,'” he said, referencing how such states often refer to Israel and the US, respectively, saying that both countries are “defending our common civilization.”

“A peace built on illusions will crash against the rocks of Middle Eastern reality,” said Netanyahu. “Israel will not gamble with its survival to accommodate those who refuse to accept the facts of history, to accept our right to exist, or who wish to appease terror.”

This is a developing story.

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Amazon founder Jeff Bezos got out of Washington before it became a more expensive place to be a billionaire.

In spring 2025, he sold his Hunts Point mansion for $63 million, according to King County property records. It’s the most expensive home sale on record in the state, Puget Sound Business Journal reported. The sale came about a year and a half after he and his now-wife, Lauren Sánchez Bezos, moved to Miami.

Now the state he left is testing a tax aimed at high earners. In March, Washington Gov. Bob Ferguson signed a law that adds a 9.9% levy on household income above $1 million. It reaches roughly 30,000 taxpayers and is Washington’s first income tax in more than 90 years. The tax is set to begin in 2028, with the first payments due in April 2029. Whether it survives is up to voters. Initiative 645, on the Nov. 3 ballot, would repeal the tax and explicitly ban income taxes in the state. A separate lawsuit arguing the tax is unconstitutional is still pending. The state Supreme Court has also deadlocked 4-4 over a ballot statement warning that repeal would mean cuts to education and health care, so that language will appear on the ballot.

The new tax comes on top of the capital gains tax that Washington’s high court upheld in 2023, which now runs as high as 9.9%. Observers have long speculated that the capital gains tax helped drive Bezos to Florida, which has no state income tax. Bezos is now worth $365 billion, making him the world’s second-richest person behind Elon Musk, according to the Bloomberg Billionaires Index. He and Sánchez Bezos live in a three-home compound on Indian Creek, the Miami-area island nicknamed the Billionaire Bunker. He has spent $237 million buying property there.

Bezos bought the 9,420-square-foot Hunts Point property in 2019 for $37.5 million, the same year he and novelist and philanthropist MacKenzie Scott divorced. That means he sold it for about $25.5 million more than he paid.

Courtesy of Michael WALMSLEY

The sprawling mansion sits on 3.27 acres in the elite town of Hunts Point in King County, Wash., which overlooks Lake Washington. It’s just about seven miles away from Amazon headquarters in downtown Seattle and where other major tech companies like Microsoft, Apple, and Google have offices. The average home price there is more than $8 million, according to Zillow. Home prices in Seattle have been rising ever since the city became a tech hub, and now it’s one of the priciest housing markets in the country.

Bezos’s former Washington home has three bedrooms, four bathrooms, an elevator, a massive walk-in closet, a secondary kitchen, a rooftop terrace, and a glass walkway that connects the property to a two-story guesthouse. The mansion stretches more than 300 feet across Lake Washington’s waterfront.

Courtesy of Michael WALMSLEY

According to property records, the home was previously owned by late art collector and luxury travel executive Barney A. Ebsworth, who was also one of the initial investors in Build-A-Bear.

Bezos made the move from Seattle to Miami in late 2023, and said the reason for the change was to be closer to his parents. 

“My parents have always been my biggest supporters,” he posted to his Instagram account, adding his aerospace company, Blue Origin, is increasingly shifting operations to Cape Canaveral in Florida.

Seattle had also been Bezos’s home ever since he started Amazon in 1994.

“I’ve lived in Seattle longer than I’ve lived anywhere else and have so many amazing memories here,” Bezos said in his Instagram post announcing his move. “Seattle, you will always have a piece of my heart.”

John Pantekidis, managing partner and general counsel at TwinFocus, which manages over $7 billion for ultrahigh-net-worth families, previously told Fortune that Florida makes it “very cost effective for folks like Jeff to live down there. It’s ideal, it’s nirvana.”

Bezos bought the latest of his three Indian Creek homes in 2024 for $90 million, a six-bedroom, nine-bathroom mansion spanning more than 12,000 square feet. There are only about 40 homes on the island, according to Robb Report.

Other celebrities, including Tom Brady, Ivanka Trump, and Jared Kushner, have lived in this 300-acre gated community, which is “one of the wealthiest, private, most secure communities in Miami Beach, and the world,” according to Florida-based luxury real estate firm the Light Group. 

A version of this story originally published on Fortune.com on October 20, 2025.

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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 is, so far, rather modest. We plan to catch up on our reading, take a few naps and promenade with the official mascots. We also expect to hold another listening party, where the rotation will likely include this, this, this, this and this. And what about you? Some distraction from the world at large may be in order and there is nothing like a romp through an apple orchard or pumpkin patch to lift the spirits. Keep an eye out for apple cider, too. If the weather does not cooperate, though, you could always binge-watch something on the telly or cook up a tasty meal. Perhaps you can make time to see someone special. Well, whatever you do, have a grand time. But be safe. Enjoy, and see you soon. …

The Trump administration is proceeding with a plan to allow compounding pharmacies to produce certain peptides, a class of largely unregulated injections that have become popular among followers of U.S. Health and Human Services Secretary Robert F. Kennedy Jr. and other wellness influencers, the Associated Press notes. The peptides under consideration have not been approved by the U.S. Food and Drug Administration as safe or effective, and most of the data on peptides come from animal studies.

China is looking to tighten biotechnology exports, but will leave the door open for licensing deals with foreign drugmakers that have underpinned its position as a growing pharmaceutical powerhouse, Bloomberg Law reports. Beijing is proposing to add five biomedical technologies to its export-control list, according to a statement from the Ministry of Commerce. The draft proposal includes two types of cutting-edge medical technology platforms to treat diseases at a genetic level. But the list clarifies that restrictions don’t apply to licensing, partnerships, and contract research services involving these technologies.

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When Israelis head to vote on October 27, they won’t just be picking the next government; they will be deciding whether Israel becomes “a secular Hebrew democracy, or a rigid, rabbinical theocracy,” Garry Kasparov, a Russian chess grandmaster, political activist, and writer, wrote in an op-ed for the New York Times published on Thursday.

“Just as Abraham Lincoln observed that the government could not persist ‘half slave and half free,’ Israel cannot go on half theocratic and half secular,” Kasparov, whose father was Jewish, argued.

“Americans resolved that contradiction over four years of brutal civil war. Israel’s election on Oct. 27 offers a bloodless way out of this morass,” he wrote.

“Democracies are built on compromise,” Kasparov said. “But sometimes a compromise can turn dangerous.”

Growing up in the Soviet Union shaped Kasparov’s view of Israeli democracy

He explained that his upbringing in the Soviet Union shaped his perception of both the US and Israeli democracies. “I see this dynamic at play in two democracies with which I closely identify: the United States and Israel.”

“As a young Soviet with a Jewish father, I grew up to become a staunch supporter of Israel, an outpost of liberalism surrounded by illiberal, Moscow-backed Arab states,” Kasparov wrote.

“While I rejected the anti-Americanism and anti-Zionism of the Communist regime under which I was raised, I also sought a textured understanding of the United States and Israel.”

Israel faces a breaking point, risk of permanent rupture

“I learned early on that the United States had reached a breaking point just 84 years after independence. America’s founders included men who owned slaves and men who did not. They could not both midwife the union and challenge the ‘peculiar institution.’ This guaranteed the birth of the United States but cursed the young nation with an affliction that nearly caused a permanent rupture.”

Kasparov believes that Israel is also facing this affliction and risk of permanent rupture. Rather than the divisive issue being slavery, the divisive issue that Kasparov says has placed Israel at this crossroad is the haredi (ultra-Orthodox) draft to the IDF. He clarified in the NYT that “There is, of course, no moral equivalence between the haredim, as the ultra-Orthodox are called in Israel, and slave owners.”

He cites then-prime minister David Ben-Gurion’s original agreement with the haredim as the thing that set in motion the aforementioned split. In 1948 Ben-Gurion approved a temporary agreement with haredi yeshiva students, granting 400 people an exemption from army service to study Torah. Today, upwards of 50,000 people evade IDF draft to study Torah.

“The pact haunted their descendants and today is sustained by a nationalist far right and an unscrupulous prime minister willing to bend the law to stay in power,” Kasparov said.

Haredi draft is ‘corroding’ Israel’s social compact

“In Israel today, ultra-Orthodox political power is corroding the social compact that holds the country together.”

“Israelis of Ben-Gurion’s generation may not have understood the kind of foundation they were laying,” Kasparov argued. “They may have presumed they were simply handing out draft exemptions to a few hundred young men. Many of the American founders similarly expected slavery to peter out over time.”

“Instead, slavery expanded significantly after 1776, just as religious influence in Israel exploded in the decades following 1948. The draft exemption became especially infuriating to secular Israeli Jews after Oct. 7 and the war in Gaza.”

The haredi draft is not the only way Kasparov thinks that religious influence is corruptive to Israel. He argues that their power over Israeli law, from marriages, divorces, and funerals to transportation and public services on Shabbat, is “toxic” and unfair to the millions of Israelis who do not observe Shabbat.

“The ultra-Orthodox parties in the Knesset are so single-minded that it seems they will support anyone, no matter how clouded by accusations of misdeeds, who preserves their special privileges,” Kasparov wrote in the NYT. “This is how the haredim have become indispensable accomplices and supporters to Prime Minister Benjamin Netanyahu’s far-right coalition.”

Netanyahu’s relationship with the haredim in Knesset

“Without the ultra-Orthodox, Prime Minister Benjamin Netanyahu would not have backing for many of his authoritarian endeavors,” he argued, and similarly, “Without Mr. Netanyahu, the ultra-Orthodox would lose their protected status.”

Despite his comments that Israel is choosing between secular democracy or rigid theocracy, Kasparov added that he does not want religion and culture to be suppressed. “When I was growing up in the Soviet Union, Communist thugs enforced atheism and suppressed Jewish culture. This is not what I want for Israel.”

“I simply believe in equality before the law and an Israel that embodies its founders’ aspirations of being a ‘light unto the nations,’ rather than an international pariah held back by far-right and religious special interests,” Kasparov wrote.

“Israel’s election on Oct. 27 offers a bloodless way out of this morass.”

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Police detained India’s ‘cockroach’ movement founder Abhijeet Dipke on Friday, live images from his group showed, ahead of a protest called by him in capital Delhi’s central business district, the latest rally to demand the resignation of India’s election chief.

The youth-led ‘Cockroach Janta Party‘ (CJP), opposition groups, and student organisations have held almost daily protests this month demanding Chief Election Commissioner Gyanesh Kumar’s resignation over a revision of voter lists that critics say favours Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP).

More than 130 million voters were deleted during the revision but the Election Commission has denied favouring any party and said wrongly deleted voters can re-enrol. The BJP has accused rivals of trying to undermine democracy by wrongly questioning legitimate electoral processes.

Dipke called Friday’s protest in support of two CJP leaders detained and sent to jail this week for five days for demonstrating at a protest site in violation of a ban.

The group and left-wing student organisations had urged supporters to gather at the Central Park in New Delhi’s busy Connaught Place shopping and food district on Friday evening to wave and hoist the national flag.

Police officers detained Dipke as he left a house

The live video on CJP’s Instagram handle showed Dipke coming out of a house and walking towards the street, where police officers stopped him and, after a brief argument, hauled him into a police car and drove away.

“We are detaining you right now,” a police officer could be heard telling Dipke.

“I have not broken any law right now…how can you detain me,” Dipke asked the police officers as he was taken away.

There was no immediate comment from the police on the detention.

Earlier on Friday, police met Dipke and warned him against going ahead with the protest.

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We’re leaving room for popcorn and intrigue tonight: The new A24 documentary, “You Can See Everything,” hits theaters today.

I remember back at the American Chemical Society meeting in 2016, a skeptical pathologist told me in advance of a purported Theranos data unveil: 

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Southwest Airlines is overhauling its loyalty program, adding a new top-tier status with unlimited Companion Pass trips and giving travelers more ways to earn and redeem points.

Starting Jan. 1, 2027, Southwest’s current A-List status will become Silver and A-List Preferred will become Gold. The airline is also introducing a new Platinum tier above both, according to a Thursday news release.

Platinum members will receive unlimited Companion Pass trips, allowing them to bring a designated companion on Southwest-operated flights.

Travelers will also be able to unlock perks as they work toward a higher status level.

MAJOR AIRLINES CUT FLIGHTS AS HIGHER JET FUEL PRICES HIT CARRIERS

Members working toward Silver can choose rewards such as Rapid Rewards points or seat certificates, while those between Gold and Platinum can earn three Companion Pass trips, according to Southwest.

Southwest credit card holders will also get a faster path to status.

Beginning in January, Rapid Rewards credit card holders will earn one Tier Qualifying Point for every dollar spent on eligible purchases.

The airline is also expanding how travelers can use their Rapid Rewards points.

SOUTHWEST TO OPEN FIRST-EVER AIRPORT LOUNGES IN PREMIUM PUSH

Starting in spring 2027, members will be able to earn and redeem points for travel through new partnerships with Icelandair, China Airlines and Etihad Airways.

Later in 2027, travelers will be able to use points to pay for seat selections on Southwest flights, including Extra Legroom and Preferred seats. 

Members will also be able to redeem points for rental cars beginning in November 2026.

The changes come amid a broader effort by Southwest to offer more premium perks.

TRUMP TRANSPORTATION SECRETARY DUFFY ANNOUNCES RELIEF FOR SPIRIT AIRLINES FLYERS, EMPLOYEES

Southwest announced last month it plans to launch its first network of airport lounges, called Southwest Icon Lounges, beginning in late 2027 through a partnership with Chase.

Access will be available through a new premium Southwest credit card launching in 2027.

Southwest also plans to bring Starlink Wi-Fi to its entire fleet by fall 2027, with free Wi-Fi available to Rapid Rewards members where offered.

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In Taylor, Texas, Samsung is preparing to open a new advanced semiconductor manufacturing facility. It began as the largest investment we had ever made in the United States. But the most important thing about Taylor is not the size of the facility or the dollar figure attached to it. It is what is being built around it.

Samsung began manufacturing semiconductors in Central Texas nearly 30 years ago. Taylor builds on the workforce, institutional knowledge and supplier relationships developed through decades of operating in Austin. Hundreds of employees began working from the Taylor campus last year, some bringing years of experience from Austin, while Samsung prepared a new local workforce and expanded partnerships with schools and colleges across the region.

Taylor illustrates a broader principle: Long-term investment is not a succession of disconnected announcements, but a sustained commitment in which each phase strengthens the foundation for the next.

Samsung was founded in Korea, but we have been investing, manufacturing and hiring in the United States for nearly five decades. During that time, Samsung has invested more than $100 billion here, and our U.S. facilities generate more than $40 billion in economic impact and support more than 175,000 jobs.

That experience has taught us that putting up capital is not the same as putting down roots. A facility can be built in a few years, but becoming part of a local economy takes much longer. It requires skilled workers, suppliers that can grow alongside the investment and institutions that prepare people for new opportunities.

What that looks like will differ from one community to another.

In Newberry, South Carolina, Samsung opened its first U.S. home appliance manufacturing facility in 2017. Since then, the facility has generated more than $900 million in economic impact for the region. Its longer-term value, however, also depends on whether the surrounding community is equipped to participate in and sustain the opportunities it creates.

Companies should not wait until a position needs to be filled to invest in that capacity. As the skills required across manufacturing and technology change, workers will need more accessible pathways into new careers—and young people will need earlier opportunities to see themselves as innovators and problem-solvers.

That is the idea behind Samsung’s Solve for Tomorrow program, which asks middle and high school students to use STEM to address problems in their own communities. In Newberry, for instance, students at Newberry High School developed a pollinator garden and composting system in response to a local sustainability challenge, connecting classroom learning with community problem-solving and career exploration.

That project is part of a much broader effort. Since 2010, more than 620,000 students have participated in Solve for Tomorrow, with Samsung providing technology and classroom resources to more than 4,300 schools nationwide.

The projects vary widely, but they begin with the same question: What is a problem in my community, and how can I help solve it? Giving students the tools to answer that question is different from building a manufacturing facility, but both can leave a community better prepared for what comes next.

This is why global scale and deep local roots are not competing ideas. The strongest global companies measure success not only by what an investment produces today, but by what workers, institutions and communities are equipped to do tomorrow.

As the United States marks its 250th anniversary, much of the conversation about its economic future is focused on what the country must build next. Communities receiving new investments have every right to ask a related question: What will remain after the announcement is made and the ribbon is cut?

The answer should be more than a facility or a dollar figure. It should be people with new skills, stronger pathways into emerging industries, suppliers prepared to grow and institutions equipped to support future opportunities.

Capital can build a factory. Durable investment builds the capabilities that allow companies and communities to keep moving forward together.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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I opened my daily to-do list and found 156 items.

“Daily” was doing some ambitious work in that sentence.

I’m a writer, publisher and entrepreneur. I expect a certain amount of chaos. There are manuscripts, emails, projects, follow-ups and the occasional administrative mystery that arrives disguised as a perfectly ordinary Tuesday.

Still, 156 items suggested that my productivity system had developed career ambitions of its own. It was building a department. Soon it would need an org chart.

Some of the work was already underway. Some items overlapped. Some were reminders about other reminders. Tasks that belonged together had become separate obligations, each carrying the emotional weight of an unfinished thing.

I had asked for help getting work done. I was getting very good at maintaining evidence that work existed.

I use AI, and I remain a big believer in what it can do. It helps organize ideas and get thoughts onto a page. Technology that makes expression and work more accessible matters to me.

That is why I want to be honest about the less glamorous part: an assistant can generate work faster than it can finish it.

Ask it to help with a project, and it may produce a plan. Ask it to improve the plan, and it may produce a checklist. Ask it to make sure nothing gets missed, and the checklist may develop subcommittees.

Every item can sound reasonable on its own. Collectively, they can turn help into a second job.

The problem starts with an easy confusion: identifying the next step feels like progress.

Sometimes it is. A clear plan can get a stuck project moving. But a plan also has a comforting property: it can be created without confronting the hardest part of the work.

A draft can sit there looking polished. A calendar can fill up with preparation. A task can be checked off because someone wrote instructions for completing it.

Meanwhile, the email still needs sending. The application still needs submitting. The client still needs the finished file.

A productivity system earns its keep when those things happen.

After the 156-item surprise, I started insisting on a more useful question: What would “done” look like to the person who asked for this?

For an article, that could mean a finished draft, if a draft was requested. If the request was to pitch it, “done” includes an actual pitch. If the request was to publish it, a document called FINAL_FINAL_REALLY_FINAL does not quite complete the journey.

The distinction sounds obvious. It gets surprisingly slippery once work passes through several tools, checklists and assistants.

Here are the changes I’m making.

First, I want a daily list that reflects available capacity.

For assistant execution, I’m aiming for roughly 25 meaningful entries on a weekday, while preserving real deadlines and necessary daily operations. The number is a working limit for my system, rather than a productivity prescription for everyone.

Its purpose is to force a choice. If everything is due today, the list has stopped helping me decide what to do today.

Flexible work can live in a backlog with a reasonable checkpoint. Waiting for someone’s response deserves a waiting status. A genuine deadline deserves space that has not already been occupied by 40 vaguely urgent reminders.

Second, related work needs a home.

A campaign may involve research, outreach, tracking and follow-ups. Those requirements still matter. Putting them under one clear execution item can preserve the work while reducing the number of separate things shouting at me.

The details should remain available when they are useful. I don’t need every detail to greet me at the top of the stairs.

Third, I want proof attached to completion.

If an assistant says an email was sent, I should be able to see it. If it says something was published, I need the live link. If it says a file was delivered, I need the usable file and the delivery record.

That proof also helps prevent duplicate work. A system that remembers what actually happened can stop proposing the same action with slightly different punctuation.

Fourth, a blocker needs to be specific.

“Unable to complete” gives me another mystery to manage. “The form requires an answer only you can provide” gives me a decision. “This browser session cannot access the account” identifies an access problem.

The next question is whether anything else can move forward. One missing answer should not freeze every unrelated part of a project.

Finally, I want the system to count outcomes.

How many pitches actually went out? Which replies need an answer? What has been accepted? Which deliverables reached the client? What remains unfinished?

I care about those numbers because they describe the work I was trying to accomplish. A magnificent list of possible actions describes the system’s imagination.

These changes require judgment. Some days have more real deadlines. Some tasks take minutes; others need uninterrupted hours. A short list can still be unrealistic, and a long checklist can be useful inside a complicated project.

The goal is a system that helps me see the difference.

AI can be extraordinarily helpful here. It can reconcile records, find overlaps, preserve context and handle routine steps. But it needs instructions that reward finishing, checking and communicating honestly about what remains.

It also needs permission to stop manufacturing another plan when the next useful action is already clear.

I still want an assistant. I still want technology to make work easier and possibilities bigger.

I would just like my to-do list to stop recruiting.

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Good morning. Anthropic hasn’t filed its S-1 yet, but one of its early backers is already predicting the biggest IPO ever.

A longtime Anthropic investor, who asked not to be named, told Fortune’s Shawn Tully that he expects the shares to be priced at around $1.8 trillion—below the company’s reported $2 trillion target. He predicts a post-IPO trading value of $2.3 trillion to $2.4 trillion, surpassing SpaceX’s $2.1 trillion market cap at the close of its first trading day. He argues that figure reflects Anthropic’s underlying worth, not a short-lived first-day pop.

For finance professionals, however, the more consequential story may be the economics of enterprise AI. About 80% of Anthropic’s revenue comes from corporate customers, compared with roughly half of OpenAI’s sales, Tully reports. One reason the investor backed Anthropic, he told Fortune, was that it was “more of an enterprise play” than a consumer business.

That enterprise focus makes his prediction about AI spending especially worth watching. He expects prices to fall as open models gain ground, even as usage continues to explode. For CFOs, that creates a familiar budgeting challenge: AI costs per unit may decline even as total spending keeps climbing. Lower prices don’t necessarily mean lower budgets when adoption is accelerating.

Then there’s the valuation. A debut near $2 trillion would require enormous profit growth to justify it. The investor isn’t fazed, calling Anthropic “the fastest-growing company in history” and arguing that it can afford to slow down and still deliver substantial value. That’s his conviction, not yet a verdict from public markets. Read Tully’s full story here. 

Have a good weekend.

Sheryl Estrada
Sheryl.Estrada@fortune.com

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Neoliberalism is over. Around the world, the populist left and right are rejecting it. As a political term, it’s a dead man walking, even as its market-based policies still shape major economies. This isn’t a eulogy for free enterprise, which Americans strongly support. It’s a eulogy for a word that has lost its meaning and stands in the way of a real debate about markets and the role of government.

In the Wall Street Journal, James Lloyd Dusenbury recently argued that our political vocabulary, including communism and capitalism, is obsolete. Neoliberalism belongs on the list, too.

Start with the obvious: no one agrees what it means. Even Stanford’s Encyclopedia of Philosophy doesn’t offer a single definition.

To its defenders, it’s the belief that markets work better than governments, which have a limited role in regulating capital and distributing wealth. To its detractors, it’s shorthand for whatever they dislike about global capitalism: billionaires, technocrats, Silicon Valley, immigration, even Pete Buttigieg.

In short, it’s a zombie word. 

Second, no one identifies with it. There are socialists, libertarians, progressives, and conservatives. Where are the neoliberals marching in the streets? Like neoconservatism, it’s a label used in academia, media, and think tanks, not real life.

Third, it’s a Frankenstein word, and at seven syllables, a long one. “Neo” means new. Liberalism can mean anything from Adam Smith to LBJ. New Liberalism? No wonder people are confused.

So, what are we really talking about?

When the populist left says neoliberalism, it usually means high prices, billionaires, and corporate power. When the populist right says it, it usually means trade, immigrant labor, or technocrats. 

Look at France. Emmanuel Macron, long the face of French neoliberalism, is leaving office very unpopular, and polls say voters are looking to the far left and right for his successor. Even Canada’s Mark Carney, a hero to many Democrats for standing up to President Trump, has been tarred by the left as a neoliberal. 

What does neither side mean? Free enterprise.

According to Gallup, 77% of Americans view free enterprise favorably. Just 55% say the same of capitalism. The gap suggests Americans distinguish between the two. The distinction is especially sharp among Democrats. Despite all the talk of their socialist turn, 65% view both socialism and free enterprise positively, while only 35% view capitalism that way. They don’t see the first two as mutually exclusive.

Big business, however, stands at just 35%, behind socialism at 43%. Small business, by contrast, scores 95%. This suggests the public’s real objection is corporate power, not enterprise itself. Even Gallup concludes the numbers don’t point to a “wholesale movement away from markets and toward socialism.”

Here, socialism and neoliberalism share the same brand problem. Many Americans support policies associated with socialism, like expanded health coverage, while most oppose it as an economic system. Although they’ve cooled a bit on capitalism in recent years, they still associate free enterprise with choice, innovation, and personal advancement.

So, are Americans closet socialists or closet neoliberals? Economic swingers, perhaps? The truth is these labels don’t describe what they really want.

As Dusenbury points out, words change. During the Reagan-Thatcher and Clinton-Blair years—neoliberalism’s apex—it meant deregulation, international trade agreements, or the Washington Consensus. Now it’s a pejorative, a way to signal “this is bad” without saying what or why.

That’s a problem, because there are real policy questions that need answers. Do Americans want free enterprise with bigger guardrails, a Nordic-style welfare state, or state-directed industry? How open should trade be? Those are choices voters can debate. They can’t debate a word that means billionaires to one group and Uber Eats to another.

So, say what you mean. If you want to criticize corporate power, call it that. If you oppose data centers or H-1B visas, explain why. If you want better health care, advocate for it.

Neoliberal policies will continue, whatever we call them. Even as some Americans look fondly to Canada and Western Europe, with their generous welfare states, these countries have market economies with plenty of private enterprise. Where, exactly, is this magical, market-less world on a map? 

As a word? Neoliberalism is history.

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Iran has managed to export some liquefied petroleum gas (LPG) and jet fuel since July, despite a US naval blockade, shipping intelligence showed and people involved in security said.

Tehran has in recent weeks been concealing such cargoes among a growing volume of ship-to-ship transfers by other Gulf producers off Oman, four people in maritime security who track Gulf oil movements told Reuters.

The Iranian exports and methodology are reported for the first time here. While a fraction of its former energy exports, the cargoes are rare evidence of petroleum products getting through a blockade that has halted Iran’s crude exports.

Analysis by US advocacy group United Against Nuclear Iran (UANI), which monitors Iran-related tanker traffic using ship and satellite tracking, shows at least eight gas tankers carrying Iranian LPG have left the Gulf of Oman since mid-July.

Another tanker carrying Iranian jet fuel reached Myanmar in September, additional satellite imagery and analysis by maritime intelligence group SynMax show.

The US imposed targeted sanctions in 2023 on Myanmar’s jet-fuel industry, citing military airstrikes on civilians that the United Nations says have killed thousands of people. Myanmar’s military government has repeatedly denied targeting civilians, saying its operations are directed against armed groups.

Approximately 4.1 million barrels of LPG made it through the blockade

Six of the eight gas tankers and the jet fuel tanker are under US sanctions for transporting Iranian petroleum and petrochemical products, a Reuters analysis of the vessels and sanctions imposed on ships by the US Treasury showed.

“What we have seen passing is a handful of tankers carrying Iranian LPG, but the overwhelming majority of tankers laden with Iranian products have been redirected by US forces,” said Jemima Shelley, senior research analyst with UANI.

Shelley said some Iranian LPG tankers transferred cargoes near the Omani coastal towns of Shinas and Sohar, while others waited in the Gulf of Oman before heading past the US blockade, which US Central Command has said sits across the Gulf of Oman near the Iran-Pakistan border.

The total amount of these LPG cargoes was estimated at 4.1 million barrels, Shelley said.

Shelley said the shipments were driven “more by opportunism” than showing a new trend of Iran trying to export its oil and petrochemicals by using smaller ships.

Most of the cargoes sailed to Malaysia’s Eastern Outer Port Limits to conduct further STS transfers for likely destinations in China, Shelley said, based on UANI’s analysis.

The Iranian government did not respond to a request for comment. Myanmar’s military-backed government did not respond to a request for comment on whether the country had received Iranian jet fuel.

US Military describes blockade as ‘ironclad’

The US military’s Central Command (CENTCOM) said its naval blockade, which was first imposed on Iran-related oil exports on April 13, is “ironclad.” The blockade was lifted in June after the US reached a draft understanding with Iran, but it was reimposed on July 14 following the collapse of the agreement.

A US military official told Reuters that the passage of a vessel does not necessarily mean it had evaded the blockade. Every ship was assessed individually, including through a review of its papers, and some vessels could be allowed through for humanitarian reasons, the official added.

The official said the appearance of a vessel on US sanctions lists is not the only factor to make it subject to the blockade, adding that US forces are also closely monitoring some ships without taking action against them for operational reasons.

Centcom said in an update on October 13 that during the three months of the latest blockade, four commercial vessels had been disabled and 135 ships had been turned around by US forces.

The US military has turned around ships from Asia and also seized some tankers, previous Centcom statements said.

Washington has coupled its blockade with a sanctions campaign aimed at severing Iran’s remaining financial links and depriving it of revenue. Last week, it imposed fresh sanctions on 17 vessels involved in transporting Iranian crude, petrochemicals and petroleum products.

US Treasury questioned shipping data

A US Treasury spokesperson questioned shipping data suggesting vessels had evaded the blockade, saying ships could spoof their locations or use false identities when loading.

Such data “should be taken with a grain of salt,” the spokesperson said.

The Treasury spokesperson said Operation Economic Outcast, together with the blockade, was “suffocating the Iranian regime.”

Torbjorn Soltvedt, principal Middle East analyst at risk intelligence company Verisk Maplecroft, said although there was no sign of Washington easing its blockade, worsening economic conditions in Iran could push Tehran to take greater risks.

“If Iran can move product tankers through, even in small numbers, jet fuel may be a good option. Iran’s aviation industry is under increasing pressure from US sanctions, with a growing number of planes grounded, and a potential surplus of jet fuel at Iranian refineries,” Soltvedt added.

Iranian crude exports fell to zero in September, according to Kpler, the first month without a shipment since the analytics firm began tracking the producer in 2013.

US Treasury Secretary Scott Bessent has said the blockade prevented most Chinese purchases of Iranian oil and left Iran unable to deliver crude to customers.

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The United States is looking at Iran’s Pickaxe Mountain nuclear site as a possible target for a future strike, US President Donald Trump confirmed during an interview with Newsmax on Thursday.

“We may have to go there,” he said. “We’ll take a shot at that one. We’ll knock it out fast.”

He added that there were no plans for US ground forces to take part in such an attack, saying “No, I don’t see that. I don’t see that.”

However, Trump also did not confirm previous reports that the US would use a GBU-43/B Massive Ordnance Air Blast bomb (MOAB), colloquially known as the “mother of all bombs,” to strike Iran.

Instead, he emphasized that the MOAB was a non-nuclear weapon.

“It’s like a tiny nuclear bomb. The mother of all bombs is one big bomb, but it’s not nuclear,” he said.

Earlier on Thursday, CNN cited multiple US officials who said that plans called for the MOAB, the largest non-nuclear weapon in the US military’s arsenal, to be used against Iranian energy infrastructure and nuclear sites, including Pickaxe Mountain.

Trump says US would have to return to war if it withdrew within the year

Trump also discussed the possibility of ending the war with Iran, saying that if the US withdrew within the next year, it would likely have to return again.

“We want to make it so that they will never have a nuclear weapon, because if they had it, they would use it, in my opinion, instantaneously,” he explained.

However, Trump expressed confidence that the war would be over soon.

The Iran war will be over very soon. It’s going to end very soon,” he said, adding that Iran was currently negotiating with the US.

“They’ve asked us to please stop. And we do, because we’re negotiating with them.”

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Prime Minister Benjamin Netanyahu rejected a proposal to air strike Hamas terrorists in Gaza just weeks before the October 7 massacre, N12 News reported on Thursday.

According to N12, Netanyahu asked about the possibility of killing terrorists during a pre-Rosh Hashanah celebration with senior officials on September 13, 2023.

When then-Shin Bet (Israel Security Agency) head Ronen Bar suggested that it would be possible “to kill them in their offices in Gaza,” Netanyahu reportedly responded, “From the air in Gaza? Only if there were some terrible terror attack. Otherwise, it’s better to do something small.”

Bar files defamation lawsuit against Netanyahu

Only a day before N12’s report, Bar filed an NIS 3 million defamation lawsuit against Netanyahu at the Central District Court in Lod, alleging that the prime minister knowingly published false accusations about his conduct before the October 7 attack to shift responsibility onto him.

The lawsuit, filed less than two weeks before the October 27 elections, centers on a September 28 post on Netanyahu’s personal X/Twitter account accusing Bar of “failures and crimes.” Alongside compensation, Bar seeks a court-ordered correction or denial and legal costs, and says he will seek disclosure of relevant documents held by Netanyahu.

In the September 28 X post, Netanyahu accused Bar of recognizing warning signs but deciding not to call and alert him. Bar rejected that accusation, saying that the Shin Bet shared the available intelligence with Netanyahu’s military secretariat and that he instructed his staff to update the military secretariat before the attack began.

Sarah Ben-Nun and Amir Bohbot contributed to this report.

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JAKARTA, Indonesia — October 16, 2026 — Indonesian stocks suffered their steepest one-day decline since the 1998 Asian financial crisis on Friday, after global index provider MSCI warned that the country could lose its emerging-market status, potentially triggering billions of dollars in foreign investment withdrawals.

The Jakarta Composite Index plunged approximately 11%, falling to its lowest level in six years. The selloff spread across banking, mining and energy stocks, while Indonesia’s rupiah weakened to around 18,070 against the U.S. dollar.

The collapse followed MSCI’s announcement that it is considering reclassifying Indonesia from an emerging market to a standalone market, a designation that could remove Indonesian stocks from major international indexes followed by institutional investors worldwide.

Why MSCI Is Threatening a Downgrade

MSCI raised serious concerns about transparency in Indonesia’s stock market, including unclear corporate ownership structures, concentrated shareholdings and suspected coordinated trading activity.

Although Indonesian regulators have announced reforms, MSCI said investors remain unconvinced that those measures have produced meaningful and sustained improvements.

The downgrade would carry major financial consequences. International investment funds that track MSCI benchmarks could be required to sell Indonesian shares if the country is removed from their indexes.

Market estimates suggest Indonesia could face as much as $19 billion in investment outflows, including approximately $4 billion from passive funds and $15 billion from actively managed investments.

A Market Already Under Pressure

Friday’s collapse adds to an already devastating year for Indonesian investors.

The country’s equity market has lost nearly 40% of its value in 2026, making it one of the world’s worst-performing stock markets.

Major companies across the financial, commodity and energy sectors were caught in the selloff, with several shares reaching exchange-imposed daily price-decline limits.

The currency’s weakness adds another concern for international investors, whose losses can increase when both stock prices and the local currency decline.

What Happens Next

MSCI has not yet made a final downgrade decision. The index provider will consult with market participants and expects to announce its determination by the end of June 2027.

Indonesia now faces pressure to demonstrate meaningful improvements in ownership disclosure, market oversight and investor protections before that decision.

A downgrade could significantly reduce the country’s access to international investment capital, increasing financing costs for Indonesian businesses and placing further pressure on the economy.

The broader concern extends beyond Friday’s market collapse. Indonesia, Southeast Asia’s largest economy, risks losing its standing among the emerging markets that attract substantial international institutional investment.

For investors, the immediate question is whether Indonesian authorities can restore confidence before a proposed reclassification becomes a financial reality.

JBizNews Desk | Jakarta, Indonesia

© 2026 JBizNews. All Rights Reserved.

After a grueling couple of days for tech stocks—propelled by drama and speculation around CoreWeave’s debt—traders bought the dip in the last 24 hours and stocks rose globally. U.S. futures are up before the open in New York, too. 

Much of the gains were in non-tech stocks. While the S&P 500 gained 0.33% yesterday, the tech-heavy Nasdaq was flat, and the equal-weight S&P was up a solid 1.36%. “378 names in the S&P 500 were higher on the day,” Deutsche Bank’s Jim Reid noted. The index remains within 1% of its record high.

“The selling in tech has been stopped in its tracks, while the rotation into other sectors continues. Tech stocks aren’t out of the woods yet, but rotation of this kind is just what investors need to see, even if it is a deeply painful experience for tech fans,” Chris Beauchamp, the chief market analyst at trading platform IG told Fortune in an email.

Words from Warsh did not sound harsh

Investors also listened closely to Fed Chair Kevin Warsh’s speech at the IMF—and they liked what they didn’t hear. He did not signal an interest rate rise in October. CME FedWatch futures are now showing an 85% expectation that the Fed will hold rates later this month. (Stock investors generally like it when central banks don’t increase interest rates because it means borrowing costs will remain stable.)

“With Federal Reserve Chair Warsh refusing to give forward guidance on policy at the IMF meetings—then giving forward guidance of a sort. Warsh failed to sound hawkish,” USB’s Paul Donovan told clients this morning. “The word of Warsh carries relatively little weight, but this chimes with Fed President William’s earlier remarks. Expectations for an October rate increase are fading.”

  • S&P 500 futures were up 0.42% this morning. The index rose 0.33% yesterday. 
  • In Europe, the Stoxx 600 was up 0.46% in early trading, and the U.K.’s FTSE 100 was flat before lunch.
  • Asia: South Korea’s KOSPI was up 2.05%. Japan’s Nikkei 225 was up 1.39%. India’s Nifty 50 was up 0.36%. China’s CSI 300 was up 0.11%.
  • Brent crude was at $105 per barrel.
  • Bitcoin was at $82,101.

Energy stocks hit a 50% gain for the year

Stocks in the S&P 500’s energy sector—buoyed by demand from AI data centers and the rising price of oil—are up 50% year-to-date, per the Bespoke Investment Group, the first of the index’s official sectors to hit that mark. This year’s rally ranks fifth among all 50% sector gainers since 1990, the group said:

Read the full digital edition of today’s Fortune 500 Digest here.

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In 2001, Amazon’s stock had fallen roughly 95% from its peak and many of its dotcom peers were in liquidation. But Amazon had spent 1999 building fulfillment capacity far ahead of demand, expanding from 300,000 square feet to more than five million. When the crash came, that excess capacity gave Amazon optionality. It opened its network to other retailers and independent sellers, turning idle warehouse space into a platform business.

Resilience is a growth asset that markets still price as an afterthought. For most of the last century that was defensible: resilience meant surviving disruption, a defensive property rewarded only in hindsight. But as disruption becomes more frequent and varied, the companies that absorb shocks fastest are the ones that grow while competitors retrench.

AI accelerates this divide. It threatens incumbent business models while giving companies a powerful instrument for absorbing shocks. Organizations running on AI-enabled processes are cheaper to operate and have more room to act when conditions change.

One of the most expensive mistakes in markets is confusing “still growing” with “structurally sound.” Recurrence is not the same thing as durability. Yet markets price the risks of disruption more accurately than the businesses built to withstand it. The qualities that make a company resilient are visible in advance. The challenge is measuring durability before disruption makes its value obvious. That gap shows up in four places.

Demand resilience. AI is exposing how conditional some recurring SaaS revenue really is. Software embedded in core processes and compounding on proprietary data has held up better than software sold by the seat for work AI can now do. Yet investors have historically screened by sector label rather than depth of entrenchment.

Healthcare, defense and energy sit at the other end. Regulatory barriers and institutional trust make them harder to displace digitally, while demand for essential services can rise when conditions deteriorate. A hospital becomes more vital to its community during a crisis — the same conditions under which a SaaS business may see customers pull back and growth falter.

Defense and energy can behave the same way. Aramco spent years building flexibility into its system, including the East-West Pipeline and multiple pipeline and storage options. Those investments paid off within days of the Iran war and disruption in the Strait of Hormuz, helping it remain one of the world’s most reliable oil suppliers.

Supply-chain resilience. Markets punish disruption, yet give little comparable credit to companies that spend to avoid it. TSMC pays a significant near-term cost to diversify manufacturing beyond Taiwan. Its overseas factories are more expensive to build and operate, weighing on margins as they come online. Markets see that cost immediately and the protection only later. TSMC’s Arizona factories have run at yields matching Taiwan since late 2024. The option paid off; it simply took longer than a quarterly model tolerates.

Capital-stack resilience. Private-equity sponsors bought hundreds of software companies in 2021, often borrowing heavily on the assumption that recurring revenue would remain predictable enough to service the debt. But not all recurring revenue is equal.

The duration of that debt is fixed. The duration of the revenue underneath it is variable, and AI is shortening it unevenly. Software that genuinely sits inside a customer’s operations has proved more durable. The difference was visible from the start, but investors focused on recurring revenue rather than what made it recur.

System resilience. A company can appear resilient while consuming resilience from the system around it. Electrical grids are built with spare capacity to absorb shocks. AI data centers increasingly draw on that capacity, transferring risk from individual companies to the broader system. The North American Electric Reliability Corporation has sharply raised its forecast for peak electricity demand and in May issued its highest-severity alert after a sudden, massive swing in computing demand.

The most resilient companies will invest in the systems they depend on rather than treating spare capacity as theirs to consume.

The principle extends beyond infrastructure. JPMorgan has built resilience through a balance sheet designed to absorb financial shocks and a business diversified well beyond investment banking. That structure has helped it withstand periods of stress that left less diversified peers exposed.

Building resilience carries a cost. Redundant capacity, stronger balance sheets and operational flexibility all require investment before they are needed. But those investments buy optionality and the ability to keep moving when conditions change and competitors cannot.

That is the market’s blind spot. Companies can spend years building resilience that weighs on near-term returns while its value remains invisible until conditions deteriorate. The result is a market that prices the cost of resilience before it prices its value.

Amazon in 2001 was that kind of company. There are many more of them now.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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Finding a job right now feels like a fool’s errand. Tailoring resumes, customizing cover letters, retyping the same work history into an endless stream of application portals, and then, more often than not, hearing nothing back. The problem isn’t that the search takes effort, it’s that the effort so rarely produces anything in return. The sense that a resume goes straight into a black box isn’t imagined – applications per job have more than doubled since 2022, and the average company now has 56% fewer recruiters to review them.

Fifteen plus years ago, job seekers had a different kind of  problem. Workers had almost no visibility into what a company was actually like before saying yes to a job: the pay, the culture, how a manager treated people, whether what got promised in an interview held up once someone started. The information ran one way only. Glassdoor entered the picture to level the playing field for employees and job seekers with an infrastructure around workplace transparency. Anonymous employee reviews and ratings that let people see inside a company before applying worked because it gave job seekers something they’d never had: an honest, firsthand account of what they were walking into, from current employees with no reason to lie about it.

That was an important starting place, but it was incomplete. Knowing what a company is like doesn’t tell a job seeker, or an employer, whether a specific person and a specific role are actually right for each other. A resume is a highlight reel and a job description is a wish list; neither says much about whether someone will thrive in the day-to-day reality of a job, or whether a company will deliver on what it promised. Get that match wrong and the costs compound in ways that are easy to miss: people end up in roles that don’t fit, their confidence and engagement erode, which costs the business too, and because leaving means stepping back into the same broken search, many just stay. Over the past two years, our data shows that burned-out workers are less likely to apply for another job compared to workers giving similar ratings.

Employers are feeling that same gap. As part of Indeed, Glassdoor is also working to solve this problem from the other side of the hiring equation. Our CEO, Hisayuki “Deko” Idekoba, called the hiring process a “vicious cycle,” and the numbers back him up: 96% of people who changed jobs last year did it without a recruiter ever reaching out. Nobody designed a hiring process this broken on purpose. It’s the result of a decades-old assumption that more is better –  apply to more jobs and the odds improve, recruit more candidates and the right one turns up, compare enough resumes to enough job descriptions and a match reveals itself. None of that holds up anymore.

Artificial intelligence is pouring fuel on that fire. When it’s used mainly to generate and process more applications, it doesn’t fix a broken hiring process – it accelerates it, making the experience worse for everyone, on both sides of the desk. Confidence is cratering alongside it: our most recent Employee Confidence Index showed that workers’ outlook on their employer’s next six months just hit a record low. Professionals are feeling it most acutely, and not because there’s a shortage of jobs. Software postings are actually up roughly 20% year over year, even with tech employment still 3.8% below its 2022 peak. The jobs are there – what’s missing is the confidence and right tools to go after them in a targeted way. For someone weighing a move, uncertainty raises the stakes, and a longer list of openings offers little reassurance that the next job will be a better match. What people need is a clearer picture of what they’re actually moving into.

I think what more than a decade of that data points to is a narrower, more useful question than the one hiring has been asking. The question was never really “can this person get this job?” It’s “is this a place where this person is likely to do well?” A resume and a job description alone can’t answer that. Firsthand accounts of what it’s actually like to work somewhere can get much closer, and that’s the real opportunity sitting inside all the information the first wave of transparency generated but never fully put to use.

That’s the idea behind Glassdoor Recruiter, which we launched this month; instead of asking people to sort through thousands of listings and guess which ones might be right, it surfaces a much smaller set of roles most likely to align with their experience, goals and the realities of the workplace, drawing on workplace insights rather than a resume and job description alone. Paired with the reach of Indeed’s hiring marketplace, people also get more say in how visible they are to employers, turning the search into a two-way conversation rather than a one-way application funnel. 

The future of hiring is about helping more people find work that fits and more companies find people who can thrive there. It’s a problem worth solving, and fixing it is bigger than any one company or platform and will take more than better technology. It will take an industry willing to admit that giving people information was never going to be enough on its own. Because finding a job that fits shouldn’t feel like winning the lottery.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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Indonesia’s sovereign wealth fund Danantara plans to invest $5 billion in Indonesian businesses over the next six to nine months, its chief investment officer said, a commitment made before MSCI proposed downgrading the country to standalone status, a move that has since sent the Jakarta Composite Index down 11.6%.

“We’re encouraging our guys to focus on the fundamentals of Indonesian businesses because they’re growing healthily,” Pandu Sjahrir, Danantara’s chief investment officer, told Fortune on the sidelines of the DBS Asia Future Forward Conference in Singapore on Oct. 12. “Why wouldn’t we be buyers of these types of businesses? It’s our job to look at, support and buy great companies.”

This comes as the sovereign wealth fund, launched by Indonesian President Prabowo Subianto in 2025, steps up as a stabilizer for the country’s stock market, currently under scrutiny from global index providers like MSCI.

On Oct. 15, days after Fortune’s interview with Pandu, MSCI proposed downgrading the country from emerging-market to standalone status. This would remove Indonesian stocks from MSCI’s emerging and frontier-market indices and prompt investment funds to consider reducing their exposure to the country. The country has until April 2027 to enact reforms. (Indonesia recently preserved its Secondary Emerging status in FTSE Russell’s annual count)

That news sparked an 11.6% plunge in the benchmark Jakarta Composite Index. The index is now down just over 40% for the year—showing just how much Indonesia still needs to do to convince global investors to back its companies, and why Danantara is stepping in.

“Once there’s a shift in perception, even if the fundamentals are good, the stocks will see a downturn,” Pandu admitted. “Overall, Indonesian consumer stocks are down over 20%, and that isn’t even as bad as those related to mining or energy.”

‘Economic value,’ not necessarily ‘commercial value’

Pandu, who made his name in the private sector, now has to focus on different metrics than a straightforward return on investment. “The idea is to create economic value, and not necessarily commercial value first—that’s an important distinction,” Pandu explained. “If the projects serve as a significant economic multiplier and remain within the cost of capital range, we’ll most likely fund it.”

Danantara has four arms: asset management, investment management, the Danantara Development Management Fund (DDMF) and Danantara Resources Indonesia.

The fund’s asset management wing supervises and corporatizes more than 1,000 of Indonesia’s state-owned enterprises, while its investment management segment seeks to maximize returns via bonds, public markets, and domestic and foreign equities. 

The DDMF is Danantara’s arm with the strongest social mandate. It deploys long-term capital toward national infrastructure projects with high social yield but lower immediate commercial returns. Among them is the Giant Seawall Project, a multi-segment complex along the Northern coast of Java set to take up to 20 years to build, and a coal gasification program.

A fourth unit—Danantara Resources Indonesia—fully launches next January. In Pandu’s telling, it’ll serve as a single digital platform that centralizes the exports of Indonesia’s natural resources, starting with its top three: coal, palm oil and ferroalloys. (The country is the world’s top exporter of nickel products, contributing over 60% of global supplies, according to Reuters.)

“We’ll be using a lot of technology to ensure we do the reporting well,” Pandu said. “We’ll try to do those three [commodities] really well first, and then we’ll go from there.”

Yet the snap decision to have Danantara take over exports—announced by Prabowo in May—has unnerved analysts who worry about encroaching state control of the economy, as well as at the sovereign wealth fund. 

“Under normal conditions, investors might take more time to assess the policy details,” Dedi Dinarto, the associate director at strategic advisory FGS Global, told Nikkei Asia in May, when the proposal was first announced. “But when the rupiah is under pressure, and the equity market is already weak, introducing a new layer of state control mechanism over strategic assets can quickly become a confidence issue.”

‘Get paid to learn’

Pandu wants Danantara to double down on partnerships and human capital next year. On Oct. 6, Danantara announced it was investing $250 million in HighPeak Energy, a Texas-based oil and gas producer.

“The collaboration is a way for us to learn about shale technology, which isn’t often seen in Indonesia,” Pandu said. “What we want to do is to learn about new technologies, how to de-risk them, and bring that knowledge back.”

“If we are able to have some good downside protection, we get paid to learn,” he added.

The sovereign wealth fund is also making strategic hires. In 2025, Danantara hired two executives from Singapore’s GIC, Daniel Lim and Weihan Wong, to lead its global private market coverage. Danantara now has around 500 employees. 

“The way we look at it—at least during my time—is how we can bring the best human capital [to Indonesia], and encourage the transfer of knowledge for the benefit of Indonesians,” Pandu concluded. 

And despite the challenges of running a sovereign wealth fund in a country scruntiny, Pandu said he still gets “butterflies” at work. ”I wouldn’t trade it for the world, man.”

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At 7:45 a.m. Eastern Time today, oil was priced at $108.51 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a rise of $1.84 compared with yesterday morning and around $47 higher than the price one year ago.

Oil price per barrel % Change
Price of oil yesterday $106.67 +1.72%
Price of oil 1 month ago $109.73 -1.11%
Price of oil 1 year ago $61.23 +77.21%

Will oil prices go up?

It’s impossible to forecast oil prices with detailed precision. Many different elements affect the market, but ultimately it boils down to supply and demand. When worries about economic recession, war, and other large-scale disruptions increase, oil’s path can shift fast.

How oil prices translate to gas pump prices

Gas prices at the pump don’t only track crude oil. They also include what it takes to refine and move that fuel, the taxes layered on top, and the extra markup your local station adds to stay in business.

Since crude oil generally makes up a majority of the per-gallon cost, changes in its price have an outsized impact. When oil surges, gas prices typically rise in tandem. But when oil retreats, gas prices often lag on the way down, a trend sometimes described as “rockets and feathers.”

The role of the U.S. Strategic Petroleum Reserve

In case of emergency, the U.S. has a store of crude oil known as the Strategic Petroleum Reserve. Its primary purpose is energy security in case of disaster (think sanctions, severe storm damage, even war). But it can also go a long way toward softening crippling price hikes during supply shocks.

It’s not a long-term answer and is more meant to provide temporary relief, assisting consumers and keeping critical parts of the economy running, like key industries, emergency services, public transportation, etc.

How oil and natural gas prices are linked

Both oil and natural gas are key sources of the energy we use every day. Because of this, a big change in oil prices can affect natural gas. For example, if oil prices increase, some industries may swap natural gas for some segments of their operations where possible, which increases demand for natural gas.

Historical performance of oil

To gauge oil’s performance, we often turn to two benchmarks:

  • Brent crude oil, the main global oil benchmark.
  • West Texas Intermediate (WTI), the main benchmark of North America

Between these two, Brent better represents global oil performance because it prices much of the world’s traded crude. And, it’s often the best way to track historical oil performance. In fact, even the U.S. Energy Information Administration now uses Brent as its primary reference in its Annual Energy Outlook.

Looking at the Brent benchmark across several decades, oil has been anything but steady. It’s seen spikes due to factors such as wars and supply cuts, and it’s also seen crashes from global recessions and an oversupply (called a “glut”). For example:

  • The early 1970s brought the first big oil shock when the Middle East cut exports and imposed an embargo on the U.S. and others during the Yom Kippur War.
  • Prices dropped in the mid-1980s for reasons such as lower demand and more non-OPEC oil producers entering the industry.
  • Prices spiked again in 2008 with increased global demand, but it soon plummeted alongside the global financial crisis.
  • During the 2020 COVID lockdown, oil demand collapsed like never before—bringing prices below $20 per barrel.

All to say, oil’s historical performance has been anything but smooth. Again, it’s hugely affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.

Energy coverage from Fortune

Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:

Frequently asked questions

How is the current price of oil per barrel actually determined?

The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.

How often does the price of oil change during the day?

The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.

How does U.S. shale oil production affect the current price of oil?

In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.

How does the current price of oil impact inflation and the broader economy?

When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.

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Happy Friday from sunny San Diego. This is Jonathan Wosen, West Coast biotech & life sciences reporter. We’ve got a strong lineup to help you kick off the weekend, featuring the lively final day of our STAT Summit, a pharmacist’s insights into why patients sometimes stop taking medication, and a recap of the highlights (or, depending on your perspective, lowlights) of STAT’s coverage of Elizabeth Holmes, for those looking to refresh their memory before watching a newly released documentary of the former Silicon Valley wunderkind’s fall from grace.

Read the rest…

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