The Trump administration has in recent weeks weighed cutting ties with the UN refugee agency (UNHCR), prompting a campaign by diplomats and UN officials to persuade the United States to maintain support, sources familiar with the matter told Reuters.

Eight sources, including diplomats, aid sources and a congressional source, told Reuters that Washington, historically UNHCR’s largest donor, has been considering disengaging from the agency. Several said a decision had been expected last week, but no announcement was made, suggesting that the lobbying effort may have helped delay or avert a move.

Reuters granted the sources anonymity to speak about UN relations with the US

The US deliberations over leaving UNHCR, which was created in the aftermath of World War Two to help refugees fleeing war, persecution and violence, follow a disagreement over the appointment of the deputy high commissioner, five of the sources said.

They said that the agency had informed supporters that it could be placed on a US blacklist, ending funding, and that Washington could also withdraw from its governing Executive Committee.

Any end to US funding would seriously weaken the agency at a time of near-record levels of displacement around the world amid long-running conflicts like Ukraine and Sudan, diplomats and aid officials said.

“People have been alerted by UNHCR to call friends in the administration,” a source at an aid group involved in the talks told Reuters, saying that many had done so. “They are at least thinking about it,” the source added.

Another diplomat said UNHCR officials had asked supporters in the past week to use all available diplomatic channels with the United States to urge ongoing support.

A UN refugee agency spokesperson did not respond to a request for comment. “We have no comment on this issue because we have no information on it,” UN spokesperson Stephane Dujarric said.

A State Department spokesperson said there have not been any changes to Washington’s engagement with UNHCR. “As with many other international organizations, we work with and through UNHCR when doing so is useful to advance US foreign policy interests or save lives.”

“We will continue to evaluate the United States’ role in international organizations…” the spokesperson added, referring to a February 2025 Executive Order to review US participation and funding.

Since beginning his second term last year, US President Donald Trump has cut funding for UN agencies and withdrawn from dozens of UN entities, including the World Health Organization. Trump officials have also urged other nations to join a global campaign to roll back asylum protections.

Leadership dilemma

The dispute centers on last month’s appointment of US career diplomat Tressa Rae Finerty as UNHCR’s deputy high commissioner.

UN Secretary-General Antonio Guterres and UN High Commissioner for Refugees Barham Salih chose Finerty over Simon Hankinson, a US-backed candidate and former foreign service officer who has accused the UNHCR of pursuing “a mass migration agenda.”

“If they wanted reform, a return to UNHCR’s original mission of helping actual refugees, and a careful inspection of budgets and spending, I was the guy,” he told Reuters, calling Finerty a “business as usual” candidate.

Reuters could not reach Finerty for comment.

A former senior UNHCR official said Salih, a former Iraqi president and refugee, would have faced internal “uproar” had he backed Hankinson.

Other UN agencies like the International Labor Organization have also faced dilemmas over appointing US officials amid questions about the US commitment to global cooperation.

Andrew Veprek, Assistant Secretary of State in the Bureau of Population, Refugees and Migration who has espoused anti-migration views, was involved in backing Hankinson’s candidacy, two of the sources said. The US State Department declined to comment on his involvement.

UNHCR’s top donor

The US was the top donor to UNHCR in 2025, giving $868 million or about a quarter of the total contributions, according to the agency.

UNHCR is already facing a financial crisis after available funding fell roughly 30% in 2025 compared with 2024, Reuters reported. The agency has cut thousands of jobs and announced further cuts this year.

Diplomats and aid officials said a full US withdrawal would deepen the crisis and undermine support for the 1951 Refugee Convention, the cornerstone of the post-war refugee protection system.

“Rethinking it would be an existential threat for UNHCR,” the former UNHCR official said. “It could have a massive knock-on effect.”

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Archer Aviation defense technology company Anduril unveiled a co-developed autonomous aircraft ​platform on Monday, as aerospace startups increasingly tap partnerships that can lower development costs ‌and speed up commercialization.

The platform, developed together under a 2024 deal, is designed for both commercial and military applications.

Anduril introduced the defense variant, called Thunder, on Monday at the Farnborough Airshow. It’s a Group 5 autonomous attack rotorcraft ​intended to fly alongside current and next-generation crewed attack and assault aircraft.

Archer CEO Adam Goldstein told Reuters ​the company built a very specific aircraft rather than retrofit an existing aircraft.

“Andruil ⁠has done a very good job of identifying needs and then building ahead of those ​needs before programs ever get announced… They identified a need, and we built a very specific aircraft ​for that need,” Goldstein said.

“When you want to look at a product that can have large-scale use on the defense side, they typically will need to be built and designed and catered towards that very specific customer ​and use case.”

Archer, best known for developing electric air taxis, plans to unveil its commercial variant ​and announce the platform’s first commercial customers later this week, the companies said.

Developers of electric vertical takeoff and landing ‌aircraft ⁠have been looking to expand beyond urban air taxi services, once touted as a trillion-dollar market, as certification delays, infrastructure hurdles and steep capital requirements weigh on the sector.

The Thunder is aimed at “anyone who operates Apache, anyone who operates armed reconnaissance helicopters,” said Shane Arnott, Anduril Industries’ senior vice ​president of programs & engineering.

Air taxi ​companies are also ⁠increasingly turning to hybrid-electric propulsion to extend range and improve mission flexibility beyond short urban hops, hoping to tap broader markets and cut losses.

The Archer-Anduril ​platform uses a series hybrid-electric powertrain and tilt rotors designed to vary ​rotor speed ⁠across flight conditions, with capabilities to support missions including military strikes, cargo movement, remote logistics and other operations from austere locations, the companies said.
 
For Archer, the partnership offers a path into defense and heavier-duty ⁠commercial markets ​while the outlook for the air-taxi market looks cloudy.

The companies ​have completed multiple test flights using full-scale surrogate aircraft, a step toward validating key systems. Thunder’s first flight is planned ​for 2027.

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Iran’s Islamic Revolutionary Guard Corps (IRGC) targeted Amazon infrastructure in Bahrain, the terror group claimed on Monday.

According to the IRGC-affiliated Tasnim News Agency, Amazon’s central data infrastructure was targeted and destroyed by several cruise missiles.

Tasnim also claimed on Monday that the IRGC had targeted United States military sites in Jordan.

The IRGC also claimed that a missile defense radar system and a US Air Force F-15 fighter jet had both been destroyed in Jordan.

The strike, the IRGC stated, was a “continuation of the operation to clear the region of radars and defense systems, pave the way for more extensive missile and drone attacks, and complete the black night of the American enemy’s radar.”

IRGC claims to strike US drone facilities

On Sunday, the IRGC claimed to have struck and destroyed US drone maintenance facilities at Bahrain’s Sakhir Air Base and vessel preparation sheds at Salman port.

Camp Arifjan in Kuwait was also allegedly struck, according to the Iranian report.

Jerusalem Post Staff contributed to this report.

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NEW YORK — Goldman Sachs warned Tuesday that Brent crude oil could climb above $120 per barrel if disruptions to shipping through the Strait of Hormuz persist, underscoring how one of the world’s most critical energy chokepoints continues to pose a major risk to global markets despite recent periods of price stability. The investment bank said its base-case outlook still assumes tensions eventually ease, but a prolonged interruption to Gulf oil exports would significantly tighten global supplies and drive prices sharply higher. 

The warning comes as the Strait of Hormuz remains at the center of heightened geopolitical tensions. Roughly one-fifth of the world’s seaborne crude oil normally passes through the narrow waterway connecting the Persian Gulf to international markets, making any sustained disruption an immediate concern for refiners, shipping companies, airlines, manufacturers and consumers worldwide.

Goldman said its central forecast continues to call for lower oil prices if regional tensions gradually subside and export flows normalize. However, the firm emphasized that a prolonged reduction in Gulf exports would materially alter the global supply-demand balance, creating the potential for a rapid spike in crude prices as inventories tighten and buyers compete for available barrels. 

The outlook highlights the growing disconnect between current oil prices and the risks embedded in the market. Despite months of conflict and repeated threats to shipping routes, crude prices have remained below the worst-case forecasts issued earlier this year, supported by resilient U.S. production, strategic stockpile releases, diversified export routes and softer demand growth from major importing nations. Those factors have helped cushion the market from the full impact of Middle East disruptions. 

For American consumers, any sustained move toward $120 Brent would likely translate into higher gasoline and diesel prices, increased transportation costs and renewed inflationary pressure across much of the economy. Energy represents a major input cost for manufacturing, agriculture, aviation, trucking and retail distribution, meaning higher crude prices often ripple through supply chains before ultimately reaching consumers.

Businesses are also closely monitoring shipping insurance costs and freight rates, both of which have risen as security concerns increase around Gulf shipping lanes. Even without a complete closure of Hormuz, higher transportation expenses can add to the cost of delivering oil and refined products to global markets.

Investors are expected to remain focused on military developments, shipping activity through the Strait of Hormuz, OPEC+ production decisions and diplomatic efforts that could either ease or escalate tensions in the region. Any indication that export flows are improving could quickly reduce the geopolitical risk premium built into crude prices, while additional disruptions could send energy markets sharply higher.

For now, Goldman continues to view the $120-plus scenario as a downside risk rather than its primary forecast, but the bank said the possibility underscores how sensitive global energy markets remain to prolonged supply disruptions in one of the world’s most strategically important oil corridors. 

JBizNews Desk | New York

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Jerusalem District Police and Border Police officers mobilized to clear roads as haredi (ultra-Orthodox) protests occured across the Jerusalem area, Israel Police announced on Monday night.

The disturbances are occurring on Bar-Ilan Street and Haim Bar-Lev Boulevard in Jerusalem, and Yehuda Hanasi Boulevard in Beit Shemesh.

Protesters were throwing items, blocking traffic, and refusing to follow instructions, the police said, adding that an officer placed a placard at the scene to disperse the demonstrators, but the participants did not respond.

Police forces continue to operate at the scene to restore order and keep roads open, the police said.

Meanwhile, members of the Gur Hasidic community are gathering outside Attorney-General Gali Baharav-Miara‘s house, chanting “Consult and then act,” according to an N12 News report. 

Haredi activists protest against arrest of draft dodger

The protests are part of a larger wave of haredi demonstrations, with hundreds of Gur Hassidic demonstrators also gathering outside of Military Prison 10 in Beit Lid earlier on Monday to protest the arrest of a draft dodger. 

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The IDF nearly fired on five Israeli right-wing activists near the Syrian border two weeks ago after suspecting they were a terrorist squad attempting to enter Israel, public broadcaster KAN News reported on Monday. 

The five suspects were all members of the HaBashan Pioneers movement. After identifying the group on military surveillance near Mount Hermon, Elbit Hermes 450 “Zik” drones were quickly dispatched to carry out an aerial strike, KAN reported.

Just before the attack was launched, observers noticed that the group of men had peyot, or side curls, indicating they were observant Jews and not infiltrating terrorists, KAN noted.

The HaBashan Pioneers movement has been trying to establish Jewish settlements in Syrian territory, and multiple groups of activists have been arrested in recent weeks for trying to cross the border. 

KAN cited an IDF response confirming the incident, saying “The IDF strongly condemns the incident… and emphasizes that [crossing the border into Syria] is a life-threatening criminal offense.”

HaBashan Pioneers still working towards a ‘magnificent Jewish settlement’ in Syria

HaBashan Pioneers claimed that the “shooting was carried out” against the five men before announcing that it would continue its attempts to build Jewish settlements in Syria, despite military intervention at every attempt. 

“Last week, our activists entered and left the area three times without anyone noticing them,” the movement said. “The space is vast, and the army alone is not capable of holding at every point and at every hour. We will not stop until a magnificent Jewish settlement is established in the Bashan region.”

On July 5, about 100 such activists crossed into the Syrian side of Mount Hermon and were detained by the IDF. Though no incidents comparable to a near-strike were reported, the activists accused the military of using “severe violence” to detain them.

The most recent illegal border-crossing attempt was on July 13, and the suspects were detained in the Golan Heights before being transferred to Israel Police for questioning. 

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US President Donald Trump unveiled 50% tariffs on a wide range of imports from Canada on Monday in response to what the US administration called its discriminatory treatment of American-made cars, alcohol and dairy goods, threatening a new front in a global trade war.

In slapping import taxes on goods ranging from wine to cement and ice hockey gear, Trump invoked Section 338 of the Tariff Act of 1930, which permits a president to impose punitive tariffs of up to 50% against trading partners deemed to have discriminated against US goods. That marked the law’s first known usage in nearly a century of existence.

The new tariffs, set to take effect in 30 days, would also apply to dairy products, swimming pools, furniture, fishing rods, seeds, clothing and wigs, among other items.

The US Trade Representative’s office said that the tariffs would apply to nearly $20 billion of imports from Canada. That’s about 5.2% of the $382 billion in goods the US imported from Canada in 2025, according to US Census Bureau data.

“While the Administration continues to secure fair and reciprocal trade deals with our trading partners, Canada, unlike other partners and allies, continues to retaliate against the United States for its efforts to rebalance trade and protect US industry in national-security sensitive sectors,” US Trade Representative Jamieson Greer said in a statement.

Canadian Prime Minister Mark Carney said in a statement that his government has made comprehensive proposals to resolve trade disputes with Washington, asserting that Trump’s past tariffs violated the North American trade pact.

“This trade dispute has raised costs for families, particularly in the US,” he said. “Canada stands ready to engage intensively to address outstanding issues with the US to the mutual benefit of our citizens.”

The Trump administration has long complained that Canada and China implemented retaliatory measures in response to the barrage of tariffs Trump has tried to impose since returning to the White House last year.

Greer has pointedly left Canada out of negotiations underway with Mexico on changes the US wants in the USMCA. He holds bilateral talks on USMCA in Mexico City this week.

When Trump and Carney met at the FIFA World Cup Final in New Jersey on Sunday, Trump demanded that Carney take action to contain wildfires that have sent smoke billowing across swaths of the US. The US president threatened last week to add the “incalculable cost” of dealing with pollution to existing tariffs on Canadian goods.

First usage of Tariff Act

The Tariff Act of 1930 and its Section 338 are better known for massive US tariff increases and subsequent retaliation that economic historians say worsened the Great Depression of the 1930s.

Section 338 was intended to ensure countries apply tariffs equally and don’t give preferential rates to some countries at the expense of US exports, said John Veroneau, a US trade official in President George W. Bush’s administration who has extensively researched the statute.

He said that some presidents, including Franklin D. Roosevelt, considered imposing tariffs under Section 338, but no record could be found of any president taking such action until Trump’s proclamations on Monday.

“It is ironic, to say the least, to use this authority to impose tariffs to retaliate against tariffs that were imposed in response to actions taken by the US,” said Veroneau, senior counsel with the Covington and Burling law firm.

“These tariffs may be lawful under Section 338, but they at a minimum violate the spirit of Section 338, which was to create a world where countries apply the same tariffs on the same goods to all countries,” he said, adding Trump has moved away from this principle “in a maximalist way.”

After World War Two, major countries created the “most-favored-nation” tariff system through the General Agreement on Tariffs and Trade to try to prevent a return to the pre-war “beggar-thy-neighbor” economic policies marked by competitive trade restrictions and currency devaluations.

Trump’s new levies are set to take effect on August 19 and apply regardless of whether goods qualify for tariff exemptions under the USMCA, although Trump exempted a range of key goods, including energy, potash, fish, critical minerals, and products already covered by Section 232 tariffs.

Washington cites Canada’s dairy supply system as grounds for tariffs

Among the grounds for the tariffs, the White House cited Canada’s “protectionist” dairy supply management system, as well as tariffs and quotas on cars imported into Canada from the US but not from other countries. Carney said that Canada “as is its right, merely matched” US tariffs on the auto sector that were in violation of the USMCA.

Washington also noted that most Canadian provinces have halted the sale of US alcohol, a move in response to prior US tariffs.

The White House said Canadian imports of US motor vehicles dropped by 22% and of US alcoholic beverages by 81% over the past year.

Diamond Isinger, a former senior adviser to former Canadian prime minister Justin Trudeau on US-Canada relations, said Carney would have limited ability to compel provinces to resume selling American alcohol.

“Unless there are some sort of extraordinary measures invoked here, the premiers of those provinces are the ones who decide whether to restock alcohol,” Isinger said.

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Two women and three men were confirmed dead on Monday in an apparent mass drowning in Ohio after two people entered a river to help a struggling swimmer, followed by two more adults who made an ill-fated rescue attempt of their own, officials said.

According to the Delaware County Sheriff’s Office, the tragedy unfolded Sunday night along the Scioto River at the O’Shaughnessy Reservoir, about 10 miles northwest of Columbus, Ohio, the state’s capital and largest city.

A group of at least seven people – two sets of parents, an adult male friend, and two children – were relaxing along the river’s edge around sunset, some of them fishing, when one of the adults ventured into the river to swim, according to Sheriff Jeffrey Balzer.

As the swimmer began to struggle in the water, two other adults tried to assist him but began floundering themselves, leading two more adults to make rescue attempts before all five disappeared in the river, Balzer told reporters at a news conference on Monday.

“It’s not unusual, I think, for one person to be struggling in the water, and other people attempt to save him, yet they don’t have the skills to do that, so we end up with multiple deaths,” the sheriff said.

Authorities were alerted after one of the two children ran to a nearby road and flagged down a motorist, telling the driver “his family was in the river,” Balzer said.

Two women, five men dead, two children in family services agency care

Emergency personnel were dispatched to the scene, where they quickly found two women and pulled them from the water. The women were pronounced dead a short time later at a local hospital, according to Balzer.

The bodies of the three missing men were recovered the next day, a spokesperson for the sheriff’s office, Tracy Whited, later told news media outlets.

The sheriff said the two children, both under the age of 10, had since been placed in the care of the local family services agency.

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Warning: This article contains content that may be disturbing to some readers.

Israel Police arrested a 59-year-old Bat Yam resident on July 12 for committing serious sexual offenses against his two granddaughters on multiple occasions, police confirmed on Monday.

On July 6, police received a report of suspected sexual abuse committed by a resident of Bat Yam against his two granddaughters, both of whom are minors.

An investigation was launched at the Bat Yam police station, during which evidence was gathered, testimony was collected, and the parties involved were questioned.

The investigation found substantial evidence that the suspect had sexually assaulted his granddaughters, claiming he did so to “prepare them for adulthood.”

An indictment is expected

Just under a week after the initial report was made, the suspect was arrested and taken to the police station for questioning.

His detention was extended periodically, and a prosecutor’s declaration was filed against him on Monday morning.

A serious indictment charging him with severe sexual offenses is expected to be filed in the coming days.

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Russia said on Monday it had declared two Italian diplomats persona non grata, calling it a reciprocal measure in response to the expulsion of two Russian embassy staff in Italy.

Italian Foreign Minister Antonio Tajani said on July 9 that Rome had expelled two military attachés at the Russian embassy in Italy who were allegedly involved in espionage activities.

The Russian foreign ministry said in a statement that Vittorio Parrella, the assistant defense attache at the Italian embassy, and Davide D’Aprile, an attache, were persona non grata and must leave Russia with their families within three days.

The ministry also said it had summoned Italian interim Charge d’Affaires Giovanni Scopa in connection with the expulsion of Russian embassy staff.

“The Russian Federation has expelled, without reason, the Italian military attache in Moscow along with one of his collaborators. This is an act of blatant retaliation for the expulsion from Italy of two Russian military attachés, who were indeed caught red-handed while carrying out espionage activities to the detriment of our national security,” Tajani wrote on X on Monday.

Italy expels two Russian embassy staff over spying case

Two weeks ago, the Italian government decided to expel two military attachés at the Russian Embassy in Italy who were allegedly involved in espionage activities after two people were arrested on charges of passing classified information to a Russian agent.

Prosecutors said the main suspect was a former officer of Italy’s Carabinieri police force. Five other individuals are also under investigation.

Tajani said on X that the two Russian officials must leave Rome within three days.

He said Moscow continued to employ “hybrid tools” against Italy and the West, describing this as “serious and unacceptable interference” that threatens national security.

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Foreign ministers of the Southeast Asian bloc ASEAN will issue a statement on the Middle East crisis after expressing grave concern about the evolving situation, the Philippines‘ top diplomat said on Tuesday.

Maria Theresa Lazaro was speaking to reporters after chairing a closed-door meeting in Manila with her counterparts from the Association of South East Asian Nations.

The meeting comes as tensions between the US and Iran threaten to cast a shadow over a diplomatic gathering in Southeast Asia this week, injecting additional uncertainty into a region grappling with maritime tensions with China and a faltering regional effort to end Myanmar’s civil war.

Meeting to raise economic concerns

Foreign ministers from the 11-member Association of Southeast Asian Nations and major partners will gather in Manila against the backdrop of instability beyond the region since the US and Iran resumed open conflict, raising concerns about energy supplies through the Strait of Hormuz, inflation, and global growth.

“We’re looking at several occasions where they can raise this very, very critical topic,” said Dominic Xavier Imperial, a spokesperson for the Philippines, the meeting host.

But Southeast Asia’s top diplomats meeting on Tuesday face no shortage of challenges closer to home.

They will have an informal consultation on Myanmar’s conflict, as ASEAN’s peace initiative struggles to gain traction, five years after it was launched following a military coup that plunged the country into a civil war that has killed an estimated 100,000 people.

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A private intelligence firm’s expose claiming to document corruption in Cyprus may have been part of an effort to harm the Cypriot state, and none of those filmed did anything wrong, an independent investigator said on Monday.

The secretly shot video, released on social media on January 8, showed a Cypriot official, a former energy minister, and a businessman talking with people posing as investors about potential investments and political donations. Two of those featured suggested they had direct access to the upper echelons of government.

All three denied wrongdoing, but the official, Charalambos Charalambous, resigned as a senior aide to Cypriot President Nikos Christodoulides after the video’s release.

Black Cube, a private intelligence company founded by former members of Israeli intelligence, said in April it had been involved in producing the video but did not identify its client.

The office of Andreas Paschalides, who was appointed by the state to lead an independent investigation, said in a statement on Monday: “As things currently stand, one can reasonably conclude this video was a form of hybrid attack to harm the Cypriot state.”

It dismissed statements made in the video as “empty talk and bluster.” A hybrid attack is a coordinated influence operation that uses deceptive methods, including misleading information or staged content, to shape public perceptions and harm a target.

Investigators offer immunity to makers of corruption expose video

Cypriot investigators have offered immunity from prosecution to those involved in making the video but will continue to investigate who commissioned the sting, Paschalides’ office said. The Cyprus attorney general will review the investigation to decide if further action is warranted.

Black Cube, which says it follows the law wherever it operates, said in an emailed statement that it “stands firmly behind its evidence uncovering corruption in Cyprus.”

“The authenticity of the evidence was verified by Cypriot authorities,” it said. The investigator said that roughly 26 hours of original footage it obtained were genuine, but the eight-minute version published on social media was “not authentic since it was edited.”

Black Cube said it “awaits the final assessment of the attorney general’s office and is confident it will bring those responsible to justice and facilitate a cleaner business environment. “

Opposition parties reject denial of corruption video

Two opposition parties, the Communist AKEL and centrist ALMA, decried Paschalides’ verdict as a whitewash. “This trivializes institutional collusion,” AKEL said.

The video appeared shortly after the Cypriot government assumed the rotating six-month European Union presidency on January 1. It triggered renewed scrutiny of business tactics in a jurisdiction that has worked hard in recent years to shed a longstanding reputation as a haven for opaque foreign money.

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India’s youth-led “cockroach” movement said it would continue its protest demanding the resignation of the education minister on Tuesday, a day after violent protests disrupted central Delhi, injuring scores of protesters and police personnel.

Thousands of protesters from Delhi and nearby cities and towns gathered to march on parliament on Monday, joining a movement that began as online satire but has become the biggest challenge for Prime Minister Narendra Modi in his third term.

The months-old movement by the self-named Cockroach Janta Party has drawn support from millions of young Gen Z Indians who are demanding the resignation of Education Minister Dharmendra Pradhan over examination paper leaks that affected more than 2 million students in May.

It says the leaking of the papers for a national entrance test to medical school in May – which forced students to re-test, and led to some taking their own lives – was a sign of deep-seated corruption in education.

Nearly 180 people were injured and taken to nearby state-run hospitals on Monday, with a majority of them discharged after first aid, after clashes between the protesters and security personnel in which police used cane charges and tear gas.

Delhi Police said that the injured included more than 118 security and police personnel and 60 protesters. Seventy protesters had been detained, and legal action would be initiated against them, it said in a statement late on Monday.

Hundreds of protesters gather in Delhi against Indian Education Minister

Early on Tuesday, about 150-200 protesters gathered at the Jantar Mantar protest site in central Delhi, chanting slogans amid a mild drizzle. Security remained tight with paramilitary personnel patrolling parts of central Delhi and barricades slowing traffic.

“The protest against the Education Minister continues at Jantar Mantar,” the CJP movement said in a post on X.

“We could have done better. I could have done better to protect you from the inhumane actions of the Delhi Police,” CJP founder Abhijeet Dipke said in a post on X, apologizing to supporters, especially girls who he said were beaten by male police officers.

The movement galvanized after the support of activist Sonam Wangchuk, who began a hunger strike on June 28, but was forcibly moved to a hospital by the authorities on Saturday.

“They beat us black and blue, and they damaged our protest site,” Sahil Singh, a protester from the northern state of Uttar Pradesh, told Reuters. “We want accountability to be set with Pradhan’s resignation.”

On Monday, Health Minister J.P. Nadda met two CJP leaders and sought time to discuss their demands within the government.

The demands include the release of Wangchuk, Pradhan’s resignation and compensation of 10 million rupees ($104,000) for each student ​who died by suicide following the leak. About a dozen students took their own lives after the exam paper leak, local media reported.

Young Indians frustrated by job shortages, exam leaks

The CJP’s surge ‌in popularity reflects ⁠frustrations among young Indians including job shortages as well as exam leaks, which they say happen frequently.

Dipke and his supporters began a sit-in last month seeking Pradhan’s resignation. Some opposition leaders and social media influencers also joined the protest on Monday.

Opposition parties criticized the government for using force against young protesters. Leaders of Modi’s party said the violence seemed orchestrated.

Analysts said even if the talks succeed in calming the protests, the underlying discontent among dissatisfied youngsters has the potential to present the most formidable challenge to Modi’s government going forward.

“This is an issue which affects everyone… any crackdown against the overwhelmingly peaceful protesters, as the government is wont to do, will only serve to fuel anger,” said Pearl Pandya, senior analyst for Asia Pacific at conflict monitoring research group ACLED.

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The US Justice Department said on Monday it launched a probe reviewing whether some Harvard University financial aid programs were discriminatory, marking the latest fight against the university by US President Donald Trump’s administration.

“The Justice Department’s Civil Rights Division announced today it is opening a compliance review into Harvard University to determine whether its China-based financial aid programs and practices exclude American-citizen students,” the department said in a statement.

Harvard said on Monday it “does not unlawfully discriminate on the basis of race, ethnicity, or national origin in allocating financial aid.”

A university spokesperson said the Cambridge, Massachusetts-based Ivy League school was reviewing the DOJ‘s latest letter to Harvard and would engage with the government on the topic.

US law requires universities to report donations from foreign sources exceeding $250,000 in a year. Harvard has previously said it has filed reports for decades “as part of its ongoing compliance with the law.”

The school has also previously cast Trump administration probes as “retaliatory actions against Harvard for its refusal to surrender our independence and constitutional rights.”

A deal to resolve the Trump administration’s broader probes against Harvard remains elusive.

Trump administration threatening Harvard over anti-Israel protests

The Trump administration has targeted Harvard and other top universities with investigations and threats to suspend federal funding over a range of issues.

These include pro-Palestinian protests against the Israel-Hamas War, diversity initiatives, transgender policies, and climate programs. Rights advocates say the federal crackdown threatens free speech, due process, and academic freedom rights.

In its latest probe, the Trump administration’s DOJ alleged Harvard appeared to be accepting funding from Chinese sources that restrict Harvard’s use of those funds.

“Harvard appears to be accepting these funds and, in adherence to their restrictions, providing student financial aid to foreign students, presumably Chinese, based on their national origin – to the potential detriment of students of other national origins, including American citizens,” the DOJ said.

Last month, a federal judge blocked the Trump administration from implementing a plan to bar foreign nationals from entering the US to study at Harvard.

China’s position is that “normal education and academic exchange should not be disrupted for political purposes,” the Chinese embassy in Washington said, adding that education cooperation between the two countries was mutually beneficial.

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HONG KONG — Asian markets finished mixed Monday as investors poured back into Chinese technology shares while continuing to dump semiconductor stocks in South Korea, underscoring a sharp shift in global AI investment strategies ahead of a pivotal week of corporate earnings.

The biggest catalyst came from China’s artificial intelligence sector. Alibaba rallied after introducing its flagship Qwen 3.8 Max large-language model, helping ignite a broad advance in Hong Kong technology shares. Investors also continued buying companies tied to Moonshot AI, whose recently launched Kimi K3 model has fueled renewed optimism that Chinese AI firms are becoming increasingly competitive on the global stage. The enthusiasm pushed the Hang Seng Index more than 2% higher, while the technology sector led the market’s advance. 

Mainland China also finished firmly higher. The CSI 300 gained approximately 1.5%, while the Shanghai Composite added nearly 1% as investors rotated into artificial intelligence developers, software companies and advanced technology manufacturers. Strong gains from companies including Zhongji Innolight, which recently secured approval for its Hong Kong listing, added momentum to the rally and reinforced confidence that China’s technology sector continues attracting investment despite broader global uncertainty. 

South Korea experienced the opposite story.

The KOSPI plunged roughly 4.5%, marking one of the region’s steepest declines as investors continued selling artificial intelligence and semiconductor stocks. Market heavyweights Samsung Electronics and SK Hynix each lost more than 4%, dragging the broader market sharply lower. Selling became so intense that exchange volatility controls were temporarily triggered during trading before markets stabilized. 

The selloff reflected growing concerns that AI-related semiconductor companies have become richly valued after months of exceptional gains. Rather than signaling weakening demand for artificial intelligence, investors instead rotated away from the companies building AI infrastructure and toward firms developing AI software and applications that could benefit from lower computing costs. That shift helped explain why Chinese technology companies advanced while many chipmakers continued declining. 

Australia’s S&P/ASX 200 ended little changed as higher oil prices lifted energy producers, offsetting weakness across technology shares. Rising crude prices continued supporting companies tied to energy production as traders monitored ongoing tensions in the Middle East and the potential impact on global fuel supplies. 

Japan’s markets remained closed for the Marine Day holiday, leaving Hong Kong and Seoul as the primary drivers of regional trading activity. 

For U.S. investors and businesses, Monday’s session highlighted an important change in market leadership. Capital is no longer flowing indiscriminately into every company connected to artificial intelligence. Instead, investors are increasingly distinguishing between businesses building AI infrastructure, software developers, cloud providers and semiconductor manufacturers. With several major U.S. technology companies reporting earnings this week, global markets will be watching closely to determine whether the AI investment cycle continues broadening or whether valuation concerns spread further across the technology sector.


JBizNews Desk | Hong Kong

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The US military completed the tenth consecutive day of strikes in Iran early on Tuesday morning, US Central Command (CENTCOM) announced in a post on X/Twitter.

The strikes were intended to “degrade Iran’s ability to continue attacking commercial vessels flowing through the Strait of Hormuz,” CENTCOM said.

“American forces remain postured and prepared to hold Iran accountable for unwarranted aggression toward civilian mariners seeking to freely and openly transit the strait,” they added

Explosions were reported in the southern Iranian cities of Bandar Abbas, Sirik Island, Shiraz, Bandar Lengeh, and Qeshm on Monday evening, according to Iranian media.

The IRGC-linked Tasnim news agency also reported that several explosions were heard in Sulaymaniyah, Iraq, on Tuesday morning.

Ali Bakri-Kani, Deputy Secretary of the Supreme National Security Council of Iran, said on Monday that “The pressure lever of the Strait of Hormuz is of paramount importance to us,” adding that Iran is not willing to back down from its position on the issue. 

Explosions sound in Iran

Air defense systems near an Iranian nuclear power plant in Bushehr were activated, and explosions were heard in central Iran near Isfahan, Iran’s largest nuclear facility, Iranian semi-official Mehr News Agency reported.

Iranian state media IRNA, citing the governor of Isfahan Province, said that no attack has been carried out against Isfahan tonight. The governor added that they were looking into reports of explosions from locals.

The news agency also said that the explosions heard in Bushehr are due to the activation of air defense systems, not impacts, citing the Governor of Bushehr.

Local news reported hearing renewed explosions in Qeshm, Bandar Lengeh, and Bandar Abbas early on Tuesday morning.

Tasnim news agency also reported a wave of attacks in the port cities of Konarak and Chabahar.

Two locations near the southern Iranian city of Shiraz were “subjected to enemy attacks,” Tasnim reported.

This post was originally published on here. 

Guyana’s government said on Monday that 27 bodies had been recovered from a ferry that capsized off the coast over the weekend with 179 people on board.

The MV Barima was traveling from the capital Georgetown to the northwest village of Port Kaituma when it capsized. The government’s National Communications Network said on Monday afternoon that 69 people had been rescued, while another 83 remain missing.

The vessel overturned late on Saturday. Authorities had suggested an inaccurate passenger manifest and suspected drug use by the crew may have contributed to the disaster.

By Monday afternoon, the vessel had been found on the seabed in search operations carried out by private company VEHSI in collaboration with Exxon Mobil and local fishermen, Guyana’s Minister of Public Utilities and Aviation, Deodat Indar, said on social media.

Search teams, assisted by private energy sector vessels and divers, had expanded their search area to 1,040 square km (401 square miles).

Captain, crew members in custody with the ongoing investigation

The vessel’s captain and at least one other crew member are currently in police custody after testing positive for marijuana, officials said.

Prime Minister Mark Phillips has launched an investigation into potential institutional failures, promising that anyone found guilty of negligence or misconduct will face legal action.

This post was originally published on here. 

Synagogue and Jewish school leaders are giving evidence to the Royal Commission on Tuesday about antisemitism and social cohesion, voicing concerns about the future of Australia’s Jewish population. 

The commission was formed in response to the Bondi terrorist attack on a Chabad Hanukkah event that left 15 dead and another 40 injured. 

Rabbi Wolff, the rabbi for Sydney’s Central Synagogue in Bondi Junction, explained to the committee that Australia requires “three complementary pillars: security, legislation and education,” ABC Australia reported. 

“We need all three, but only education really addresses the problem before it begins,” Wolff said. “Education should encompass how Jews live, not only how Jews died.”

Dr. George Foster, a member of the South Sydney Synagogue, told the commission that he does not believe Australia is becoming “another Germany”, saying its institutions are protecting it, ABC Australia reported.

However, Foster warned of “disturbing parallels in the social atmosphere,” noting “warning signs that Holocaust survivors, and indeed the Jewish community, recognize because they have seen where such patterns can lead if they’re left unchallenged.”

Australian Jews say they are ‘fearful’

Tyson Wodak, the president of Bialik College, an independent Jewish school in Melbourne, spoke to the commission next, ABC reported. 

Wodak explained the impact of increased security at the school on the welfare of pupils, including his own children.

“I worry a lot, I fear a lot both as a parent and in my institutional role, about the impact of constant security,” he told the royal commission. “My kids have spent their whole life under security.”

He added that he is worried about how his children’s idea of Australia and their position in the country will be affected by the security.

Melbourne Jewish school employs counterterrorism expert for security

Mr Sztrajt, the principal of Mount Scopus, another Jewish school in Melbourne, also spoke to the royal commission, ABC reported.

He explained that “being probably the most prominent Jewish school or the most well-known Jewish school in the state, that comes with it … being a target.”

Sztrajt explained that the school employs a counterterrorism expert to handle security following a series of antisemitic events targeting the school in recent years.

In 2015, the school changed from unarmed to armed security guards, following antisemitic attacks overseas. In 2025 they appointed a full-time security manager with a background in counterterrorism, Sztrajt told the commission.

He added that “It pains me tremendously to think of the horrendous opportunity cost that the security focus takes away from our school.”

This is a developing story.

This post was originally published on here. 

AMSTERDAM — European natural gas prices surged to their highest level in four months on Monday as traders reacted to escalating geopolitical tensions in the Middle East, adding a larger risk premium to energy markets despite Europe’s relatively healthy gas inventories. The move followed a sharp rise in crude oil prices and reflected growing concern that any prolonged disruption to global energy shipments could tighten supplies and reignite inflationary pressures across Europe.

Benchmark Dutch TTF natural gas futures, Europe’s leading wholesale gas price indicator, climbed to their highest level since March as investors reassessed geopolitical risks. Although Europe entered the summer with storage facilities well stocked, energy markets remain highly sensitive to developments that could affect global fuel transportation or liquefied natural gas trade.

Unlike crude oil, much of Europe’s natural gas supply does not move through the Strait of Hormuz. However, the global energy system remains interconnected. Any threat to shipping routes or LNG cargo movements can influence worldwide pricing as countries compete for available supplies, pushing wholesale gas prices higher even before physical shortages occur.

Monday’s rally marked a sharp reversal from the calmer conditions seen earlier this summer.

Mild weather, reduced heating demand and stronger-than-expected storage injections had eased concerns about Europe’s energy outlook. Renewed geopolitical uncertainty has now shifted investor attention back toward supply security, causing traders to build additional risk into both oil and natural gas prices.

Higher wholesale gas prices can have broad consequences for businesses.

Manufacturers, chemical producers, utilities, steelmakers, food processors and transportation companies all rely heavily on energy. If elevated natural gas prices persist, operating costs could increase across multiple industries, placing renewed pressure on corporate profit margins and eventually filtering through to consumer prices.

Financial markets are also watching closely because higher energy costs could complicate the European Central Bank’s effort to return inflation to its long-term target. If fuel prices remain elevated, policymakers may be forced to keep interest rates higher for longer than investors previously expected.

Despite the price increase, analysts note that Europe’s energy position remains considerably stronger than during the continent’s energy crisis several years ago. Storage levels remain well above seasonal averages, and governments have diversified natural gas supplies through expanded LNG imports and additional pipeline capacity.

For U.S. businesses, stronger European natural gas prices could benefit American liquefied natural gas exporters by improving overseas demand and export economics. The United States has become one of the world’s largest LNG suppliers, making European energy markets increasingly important to American producers.

Markets will now closely monitor geopolitical developments, LNG shipment patterns and storage levels throughout the remainder of the summer. While there is no indication of an immediate supply shortage, Monday’s trading demonstrated how quickly geopolitical uncertainty can reshape global energy pricing.

JBizNews Desk | Amsterdam

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

“Mouaz, what do you think, should I go?”

The day after Henry Hamra learned that Islamist rebels had ousted Bashar Assad from power, ending more than six decades of Ba’athist rule over Syria, he was on the phone with his friend Mouaz Moustafa, the executive director of the Syrian Emergency Task Force.

The unlikely alliance, a Syrian-American son of Palestinian refugees and a Syrian Jewish cantor whose father was Syria’s chief rabbi, would drive a yearlong campaign to lift punishing sanctions that Moustafa had helped bring about.

It would also place prominent Syrian American Jews opposite Israel’s government, which remains intensely wary of the new regime in Syria.

Hamra fled Syria with his family in 1992, after the Ba’athist government lifted the ban on Jews traveling abroad. Ba’athist restrictions on one of the largest and oldest Jewish communities in the Middle East forced the displacement of more than 30,000 Jews.

Hamra, speaking in a thick Brooklyn accent, recounted how he had watched his country fall apart. There was little he or his family could do from their exile. Henry’s father, Yosef Hamra, was a rabbi and leader of the Damascus Jewish community, and his uncle, Rabbi Avraham Hamra, who settled in Holon, Israel, after leaving Syria, served as the country’s last chief rabbi until 1994.

Moustafa, the son of a Palestinian refugee father and a Syrian mother, had wasted little time before heading back to Syria. By the time Hamra called, he was already there. Moustafa’s reply was immediate, he recalled: “Absolutely, I was just there, and I’m going back. You need to come with me.”

Moustafa founded the Syrian Emergency Task Force in March 2011 in response to the Assad government’s war on civilians in the wake of Arab Spring protests. Over the 14 years of civil war, the SETF became a mainstay of the Syrian opposition in exile, and Moustafa became a well-regarded political operative working on behalf of the Syrian people in Washington.

In 2014, Moustafa was put in touch with a Syrian military police photographer who fled the country with a flash drive containing evidence of systematic torture and mass executions in Assad’s prisons. The whistleblower, known publicly as “Caesar,” was First Lieutenant Farid al-Madhhan, a name he kept hidden for years to protect himself and his family, and only revealed after Assad’s fall in December 2024.

“The pictures were reminiscent of the worst moments of history,” Moustafa said. “Emaciated, tortured bodies, eyes gouged out, men, women, children, elderly, on a massive scale.”

A return to Syria after decades in exile

The images set off a five-year lobbying campaign led by Moustafa, culminating in the Caesar Syria Civilian Protection Act, signed by President Trump in December 2019, which sanctioned Assad regime officials and cut Syria off from the international financial system.

“When we drafted the Caesar Act,” Moustafa said, “we took all of that to pass a law that very specifically addressed the machinery of death of the Assad regime and how it needed to stop.”

After Assad’s ouster in December 2024, the Caesar sanctions, so effective at strangling his regime, threatened to do the same to Syria’s new government. So Moustafa enlisted Hamra’s help.

Moustafa had known Hamra since 2013 through his friendship with Abraham Hamra, Henry’s uncle. They had connected through Moustafa’s efforts to save Judaica from the Jobar Synagogue after it was bombed by forces loyal to Assad.

The friendship would result in Hamra, who still resists describing himself as a political person, running for parliament in Syria’s first open elections since the Ba’ath party seized power in 1963. It would bring his father to recite a blessing over Ahmad al-Sharaa, the Islamist rebel commander who now serves as Syria’s president. And their relationship, and the efforts that followed, would help pave the way for the lifting of the US sanctions regime that had cut Syria off from the global economy.

“Would Caesar have been lifted without the Syrian Jewish community? I don’t believe it would have been,” Moustafa said.

President Donald Trump officially lifted the Caesar sanctions on December 19, 2025, when he signed the FY 2026 NDAA into law, a year after Assad’s ouster. By May 2025, the Treasury had already issued a 180-day waiver on the other sanctions, but the Caesar sanctions remained in place, only to be repealed by an act of Congress.

This was Moustafa’s target, and the first step, as Moustafa recalled, was to help get the Hamras back to Syria. But there was much work to be done between that initial phone call and the moment Hamra set foot in Syria for the first time in more than 30 years.

As Moustafa recalled, he and Hamra spoke by phone every day in the weeks leading up to the trip. Hamra had a list of demands they had to work through, including an official letter from the Syrian Ministry of Foreign Affairs welcoming the group, meant to ease fears after decades of persecution under Assad.

“They just liberated it. There’s no staff, there’s nothing set up yet. How can I get you a paper?” Moustafa recalled telling him.

Also on Hamra’s list: He wanted at least 10 Jews on the first trip, so his father Yosef could pray with a quorum at the Faranj Synagogue in the heart of Damascus’s Jewish Quarter, the same synagogue where Yosef had prayed as a child and where he last led services before the family left Syria in 1992.

Syrian Jews in America had for years sought to maintain civil relations with a regime that still housed remnants of their family and their properties. A delegation visited the regime in 2004 as Syria sought to head off a sanctions regime, and some in the community marked the death in 2000 of Hafez Assad with a black sash mourning.

That demand proved impossible to meet. As Moustafa and Hamra sought to fill the spots, security concerns led most prospective travelers to back out in the days before departure. The question of whether the trip would happen at all remained unresolved until the day before, when Hamed Khanatri (then the head of Syria’s foreign ministry) called Henry to say: “We’re waiting for you,” he recounted.

“The Syrian Jewish community has suffered enormously, both before the 2011 conflict and throughout it,” Moustafa said. “Like so many Syrians, they suffered under the regime.”

Mouaz Mustafa and the Hamra family with Rep. Joe Wilson.  (credit: (Courtesy Syrian Emergency Task Force))

Having seen firsthand what the Assad government had done to Syrian Jews, including property confiscations and travel bans, Moustafa wanted them to see for themselves whether the transitional government meant what it was telling the international community about leaving behind its jihadist past and severing ties with designated terror groups.

In the year between Assad’s fall and the repeal of the Caesar sanctions in December 2025, the SETF organized three trips to Syria, bringing members of both the Syrian and American Jewish communities to meet with high-level Syrian officials and visit Jewish historic sites in the country.

Lawrence Schiffman, professor of Hebrew and Judaic studies at New York University, who joined the first trip in February 2025, said the engagement felt real, even if the motivations behind it were pragmatic.

“I think it was genuine,” he said. “Let’s be realistic. They were setting up an attempt to get into good relations with Syrian Jews, and they needed American help.”

For Schiffman, the motivations of the transitional government mattered less than what it was actually doing, including efforts to document lost Jewish property and begin a process of restitution and restoration for the Syrian Jewish community, according to Hamra.

“Syrian Jews here are partly intentionally serving the same role that certain Jewish organizations served in visiting the UAE and Saudi Arabia, softening the ground before official [state] visits,” Schiffman said. “We did not negotiate with them. We were there to learn what their views are. It was a goodwill mission.”

Rabbi Mendy Chitrik, head of the Ashkenazi community in Istanbul and a key contact for Syria’s Jewish community during the civil war who helped facilitate kosher product deliveries to Damascus, joined another trip. He recalled walking through the lanes of Damascus’ souk wearing his kippah without incident.

“I walked through Damascus freely,” he said. “We did not feel or experience any hostility.”

Syrian Jews push Congress to lift sanctions

The culmination of their efforts, as both Moustafa and Hamra described it, was their visit to Washington in November 2025, the final push before passage of the defense authorization bill, into which they sought to insert a provision repealing the Caesar sanctions.

In a one-on-one meeting with South Carolina Republican Rep. Joe Wilson, Henry recounted that it was his father’s words that Wilson later said had changed his mind. When Wilson asked whether the new Syrian leadership would be good for Syria, Rabbi Hamra’s answer was simple: “I think everybody deserves another chance.”

A spokesperson for Wilson confirmed the meetings: “Wilson met with Rabbi Yosef and Henry Hamra on multiple occasions in the lead-up to the vote. Their perspective did give the Congressman encouragement,” the spokesperson wrote to JTA. “He mentioned the Rabbi’s stance on multiple occasions when advocating to colleagues.” Wilson has become an outspoken critic of Israel’s post-Assad regime incursions into the country, saying it is inhibiting the country’s rehabilitation.

Henry Hamra said Wilson carried that message throughout the sanctions fight. Moustafa also said it was the Hamra family’s testimony and meetings that helped bring around Rep. Gregory Meeks, the New Yorker who is the senior Democrat on the Foreign Relations Committee, and Rep. French Hill, an Arkansas Republican, two other figures who had stood in the way of sanctions relief.

Hill did not comment on the role of the Syrian Jewish expats in relieving the sanctions but said in a statement to JTA that the relief was necessary.

“The Trump administration is doing the right thing by re-engaging diplomatically and taking steps to help Syria rejoin the community of nations,” he said. “I will continue to work with my colleagues and stakeholders to ensure that American support advances responsible governance and lasting stability for the Syrian people.”

Meeks did not respond to multiple requests for comment.

Al-Sharaa was also in Washington during that period, working to build goodwill with the Trump administration. It was not al-Sharaa’s first meeting with Trump. In May 2025, al-Sharaa met with the president in Riyadh on the sidelines of a Gulf Cooperation Council summit.

Al-Sharaa had himself been designated a terrorist by the United States – a designation that was unwound only after Assad’s fall, with the bounty on his head lifted in December 2024 and the full designation removed in July 2025.

Ahmad Sharawi of the Foundation for Defense of Democracy said that meeting may have been the turning point for Trump’s decision to lift sanctions, which he did by executive order, though only those he could repeal unilaterally.

“What I think happened is that during President Trump’s visit to Riyadh, Mohammed bin Salman spoke with him, and convinced him in what I believe was a single conversation,” Sharawi said. “That’s when al-Sharaa met with Trump as well.”

He added, “I do think they [Syrian Jews] played a role with Congress when it came to the Caesar Act specifically, because it required congressional approval.”

Even with Saudi Arabia lobbying for sanctions relief, and, according to The New York Times, an intensive push by Syrian expatriates in the Gulf with stakes in development contracts and real estate in the rebuilding country, Congress still had to sign off on the repeal. Trump is a fan of al-Sharaa, calling him “attractive” and a “tough guy” when they met in Riyadh in May. Reports have already emerged of a Trump Tower planned for Damascus.

Israel remains wary of Syria’s new leadership

Moustafa knew that one of Syria’s other central challenges would be its relationship with Israel, a conflict that had never been formally resolved since Israel seized the Golan Heights in 1967. In the days after Assad’s fall, Israeli airstrikes destroyed up to 80% of Syria’s strategic military capabilities.

Moustafa vividly recalled the moment a missile struck outside the building where he had just finished a four-hour meeting with President al-Sharaa.

“About an hour after I left that meeting, Israel struck the front door of the presidential palace,” he said. “I heard it and watched it happen.” He added: “The Syrian president said to me, ‘I don’t want to go back to war for 7,000 more years.’”

Israel has maintained a harsh posture toward the new Syrian government since Assad’s fall. Netanyahu declared that Israel would not allow forces loyal to Syria’s new rulers to operate in southern Syria, and demanded full demilitarization of the provinces of Quneitra, Daraa, and Sweida.

An Israeli official told the Times of Israel that Netanyahu personally asked Trump not to lift sanctions on Syria during a visit to Washington, citing fears of a cross-border attack similar to Hamas’s Oct. 7 assault. Ron Dermer, Netanyahu’s close aide and minister of strategic affairs, was widely reported to have lobbied Congress to keep the sanctions in place, or at a minimum, to preserve conditions that would allow them to be reimposed.

Others in the Israeli security establishment are similarly skeptical. Sarit Zehavi, the founder and president of the Alma Research and Education Center in Israel, sees the new Syrian government as Islamist in all but name.

Zehavi’s family is originally from Damascus. As she recounted to JTA, her family of jewelers, among the wealthiest in the city, lived in the historic Beit Lisbona in the Harat al-Yahud, the old Jewish quarter.

When Bashar Assad was finally ousted in December 2024, Zehavi was eager to return and see her family’s home for the first time. Her own staff had to talk her out of it.

“My research staff had to convince me that there is no chance that I am going to Damascus in the near future to see my father’s house because things are not going to get better,” she said.

She was hopeful at first, but reports of massacres committed against Alawites on the coast, and then against the Druze in Sweida, soured her faith in the new government.

“It took a while until I understood that what is happening in Syria is far from liberation,” she said.

Zehavi said she was surprised by the lobbying undertaken by her fellow Jewish expats. “It seems counterintuitive that Syrian Jews living in Brooklyn would try to get the sanctions lifted on someone who was in Al-Qaeda. He’s a jihadist,” she said, while reserving her sharpest criticism for the Trump administration’s decision to lift the Caesar sanctions without conditions.

“You need timed demands and benchmarks that would indicate that Ahmed al-Sharaa is truly what we all hoped he would be,” she said. “They lifted it without any conditions. That’s the main problem.”

Zehavi is skeptical that the Syrian Jewish community’s goals will be served by the move.

“If what they said is true, that this way they can reestablish Jewish institutions in Damascus, that’s a very nice goal, and maybe they’re right,” she said. “But in the bigger picture, I’m not sure it will lead in a positive direction.”

Yosef Hamra had been scheduled to testify before the Helsinki Commission, the US branch of the multiparliamentary human rights monitor, during his visit to Congress in November 2025, but the hearing was canceled. In a copy of his prepared remarks obtained by JTA, he wrote: “It is a shame that today the Caesar Act punishes the Syrian people, Muslims, Christians and Jews, Arabs and Kurds, for the crimes of a regime that has been deposed.”

Before he met with Trump, Yosef Hamra, wearing a kippah, recited a blessing over Ahmad al-Sharaa.

It was an ending fit for such an improbable alliance: a Palestinian-Syrian activist and a Syrian Jewish cantor working together to reopen a country ripped apart by 14 years of civil war. For the Hamras, the blessing was more than a public declaration of faith in the new government – it was proof that something had shifted. But whether Syria’s future would bring democracy and equality for its multi-ethnic population was a question neither Hamra nor Moustafa could answer.

This post was originally published on here. 

J Street is defending its decision to co-sponsor the College Democrats of America convention after critics accused the liberal pro-Israel group of endorsing the anti-Zionist streamer Hasan Piker, who was a featured speaker at the event.

In a statement posted Monday, J Street said its campus arm, J Street U, spent “a couple thousand dollars for an exhibit table” and had “no role in choosing speakers, no approval over the program and no say in who was invited to address the conference.”

“J Street disagrees with much of what Hasan Piker says and with the way he says it. We won’t hesitate to say so,” the group wrote on social media in a statement first authored by its president, Jeremy Ben-Ami. “But we also reject the notion that the right answer to his invitation is to abandon the very spaces where the next generation of Democratic leaders is debating these issues.”

The convention, which was held in Washington, DC, from Thursday to Sunday, featured a host of speakers, including Rep. Jamie Raskin, a Jewish Democrat in Maryland; Randi Weingarten, the Jewish president of the American Federation of Teachers; and the democratic socialist Colorado congressional candidate Melat Kiros.

The statement followed blowback from several pro-Israel commentators, including author and podcaster Dan Senor, former Auburn basketball coach Bruce Pearl and Israel historian Sara Yael Hirschhorn, who all said it was inappropriate for a Jewish group to share a tent with an anti-Israel figurehead.

J Street defends College Democrats event sponsorship 

“If J Street knew that he is one of the key speakers and still sponsored this event, it’s a new low,” Nadav Pollak, a lecturer on Middle East affairs at Reichman University, wrote in a post on X/Twitter. “An organization that claims to be ‘pro-Israel’ sponsors an event with one of the most anti-Israel speakers. Shameful.”

Sen. John Fetterman, a Pennsylvania Democrat and pro-Israel stalwart, also took aim at J Street in an interview on Fox News Sunday.

“Even Jewish kinds of organizations like J Street are doing events with people like Hasan Piker,” Fetterman said. “Hasan Piker, I mean, how can you embrace people like that?”

The online row came amid a growing divide over whether Jewish groups should engage in progressive spaces where anti-Zionist voices have become increasingly influential, or withdraw from them altogether.

J Street U, the group’s college arm, has faced resistance from both directions in recent months, including at Sarah Lawrence College, where the student senate rejected an application for a college chapter over its Zionist identity, even as J Street faced criticism from the right for newly endorsing an end to US military aid to Israel.

Piker, who has drawn fierce condemnation for his rhetoric on Israel and campaigned alongside democratic socialist congressional candidates across the country, used his remarks at the convention to call for an end to US military aid to Israel.

Piker: Democrats who fund Israel ‘betray us’

“No more to the Democrats who compromise, who conciliate, and who betray us,” Piker told the crowd during his remarks. “No more to the fascist reactionaries, but no more to the Democrats who will collaborate and cooperate with the fascists, who will fund ICE, who will fund Israel, who will help poison the planet, who will stiff workers and help bosses.”

J Street said it was committed to advocating for its perspective in ideologically diverse spaces and characterized its presence at the College Democrats convention as a bulwark against extremism.

“Our mission is not to preach to the converted. It is to ensure that a pro-Israel, pro-peace voice is heard wherever the future of American politics is being shaped,” it said. “If we leave those conversations to others, we shouldn’t be surprised when the loudest and most polarizing voices dominate them.”

This post was originally published on here. 

The escalating conflict between the US and Iran could cause 30 Israeli passenger flights to be canceled each day without Iran even firing at Israel, according to a Monday N12 report.

An emergency meeting was held at Ben-Gurion Airport on Monday, attended by Minister of Transportation Miri Regev, the directors of the Transportation Ministry and the Airports Authority, and other professionals.

They determined that the number of American refueling planes at Israeli airports could cause flights to be canceled during one of the busiest periods for the airports.

N12 reported that if seven more American refueling planes were added to Ben-Gurion Airport, bringing the total number to 40, the airport would be forced to cancel 30 flights a day from August 1.

This would leave approximately 5,000 passengers without flights each day.

Refueling aircraft expected to relocate by July 21

Other Israeli airports are also under increasing strain from US refueling aircraft, as Ilan Ramon Airport is currently hosting 28 American planes, with more than 10 additional refueling aircraft stationed at Israeli Air Force bases across the country.

Last week the Transport Ministry announced that the number of US refueling aircraft at Ben-Gurion Airport would be reduced to 20 by July 21, the number agreed upon by the relevant parties, with the remaining aircraft being transferred to IDF bases designated by the Defense Ministry.

The Transportation Ministry said the move would allow necessary military operations to continue while preserving aviation continuity and minimizing disruptions and cancellations, particularly during the busy summer travel season, when tens of thousands of Israelis are expected to fly abroad.

Reports from N12 on Monday suggest that the Transportation Ministry no longer expects the US to relocate the refuelers and is instead planning for the arrival of more.

This post was originally published on here. 

One of the more irritating refrains heard whenever Israel comes under attack is that it has “the right to self-defense.”

Of course it does. Every country has the right to self-defense. Every society has the right to protect its citizens from those seeking to murder them.

The problem is that when these words are uttered by Israel’s critics, this right is acknowledged only in theory. The moment Israel actually exercises that right – whether against Hamas, Hezbollah, or Iran – they condemn it. The right exists only so long as it is never used.

The same principle applies beyond the battlefield.

In the modern world, public opinion is also a battlefield. Governments understand this. They spend billions trying to shape perceptions, build support, explain policies, and counter hostile narratives.

They hire public-relations firms, retain communications consultants, partner with influencers, produce digital content, and target audiences through social media.

Governments from the US, Taiwan, Russia, the United Arab Emirates, and perhaps most effectively, Qatar, among others, compete every day to shape perceptions.

Double standard applied to Israel

Only when Israel does so is it portrayed as something sinister. That was the unmistakable tone of recent articles in Time magazine and The Wall Street Journal, detailing Israel’s efforts to modernize its public-diplomacy campaign.

Both articles chronicled the government’s decision to hire a former Trump administration digital strategist and to deploy artificial intelligence, social media, influencers, and podcasters to improve Israel’s public standing. The implication was that there is something inherently troubling about this effort.

There isn’t. There is a clear line between covert influence operations and transparent advocacy. If the Israeli government or those acting on its behalf violate American law, conceal their identity, or secretly manipulate public discourse, that deserves scrutiny.

But if they are operating in compliance with the Foreign Agents Registration Act – which exists precisely because Congress anticipated that foreign governments would seek to influence American opinion – then there is nothing improper about what they are doing.

Indeed, it would be remarkable if Israel were not trying.

Vice President JD Vance recently accused elements within the Israeli government of mounting what he depicted as a nefarious influence campaign to sway American public opinion and policy-makers in an effort to keep the US at war with Iran indefinitely.

Vance’s frustration with the collapse of the Iran Memorandum of Understanding he brokered is understandable, but he is blaming the wrong party: Iran caused the agreement to fail, not Israel for doing what governments routinely do – engaging in public diplomacy.

Israel has an image problem. That is beyond dispute. Polls consistently show support for Israel declining sharply among Democrats and, increasingly, among younger Republicans. For too long, Israel fought this battle with yesterday’s tools – sending Prime Minister Benjamin Netanyahu to debate Hanan Ashrawi on CNN.

Israel fighting on today’s battlefield 

That era is over. Today’s information battlefield is TikTok, YouTube, podcasts, Instagram, X/Twitter, and AI-driven messaging. If Israel wants to reach younger audiences, it must communicate where those audiences actually are, not where they were 30 years ago.

According to Time and The Wall Street Journal, that is precisely what it is now attempting to do. Good.

As long as these efforts are legal, there is nothing untoward about them. As The Wall Street Journal put it, Israel is “trying to shore up its US reputation with help from influencers, Trump insiders and millions of AI-driven texts.”

Its enemies have understood the importance of this battlefield for years.

“Several countries and organizations” have penetrated social media and systematically poisoned minds, especially young minds, against Israel, Netanyahu said in a recent CNN interview.

Israel ignored that reality for far too long. The government’s decision in December to allocate NIS 2.35 billion in this year’s budget for public diplomacy and Israel advocacy is welcome. If anything, it should have happened years ago.

Jews around the world have asked for years why Israel’s public diplomacy is so poor. After the October 7 massacre, that question became impossible to ignore.

Whenever a commission of inquiry is finally established to investigate the failures surrounding that day, it needs to examine not only the intelligence and military breakdowns, but also why Israel entered perhaps the greatest communications battle in its history so spectacularly unprepared and flat-footed.

It is finally trying to correct that mistake. That is neither nefarious nor sinister. Rather, it is imperative and long overdue.

This post was originally published on here. 

If the phrase Argentina’s Jewish community has adopted to mark the 32nd anniversary of the worst terrorist attack in the country’s history sounds familiar to their compatriots, it’s intentional: “Today we cannot lose … our memory” echoes the soccer-mad nation’s World Cup slogan.

Fans chanting “Today we cannot lose” were ubiquitous throughout the 39-day tournament, which culminated Sunday with Argentina coming in second place to Spain.

Now the Jewish community hopes its spin on the chant will help force a reckoning with the 1994 bombing attack on the Jewish community center in Buenos Aires, which killed 85 people the day after that year’s World Cup final.

“It is difficult to understand why the process toward a trial in absentia has been allowed to move forward so slowly,” Osvaldo Armoza, the president of the JCC, known as AMIA, said Friday at a ceremony marking the attack.

The country’s Jewish leaders hope a new law allowing trial in absentia will bring some measure of justice for a community that has faced decades of frustrations and obstacles to bring accountability to the Iranian and Hezbollah officials alleged to be behind the attack.

Progress towards justice for AMIA is slow

Senator Patricia Bullrich, a political ally of President Javier Milei’s government, acknowledged to reporters at the event that the process has been slow, but said she is optimistic it will move forward.

“Justice is moving forward, although it has been slow, of course. It has been a very complex and difficult case,” she said. “But now, with the trial in absentia, the process is moving ahead, and that is very important.”

Last month, Federal Judge Daniel Rafecas used the new law to order a trial for the current chief of the Islamic Revolutionary Guard Corps Ahmad Vahidi as well as nine others accused by the late AMIA prosecutor Alberto Nisman: Alí Fallahijan, Alí Akbar Velayati, Mohsen Rezai, Hadi Soleimanpour, Mohsen Rabbani, Ahmad Reza Asghari, Salman Raouf Salman, Abdallah Salman and Hussein Mounir Mouzannar.

Armoza, in his speech, said the trial in absentia should not keep the international community from pursuing the arrests of the accused. Iran has refused to cooperate with the red notices, Interpol’s request to member nations to arrest wanted persons and to advance their extradition.

“We call on the Argentine government to take every necessary step to ensure that Interpol maintains these Red Notices in force, and to urge countries around the world not to provide safe haven to the fugitives,” he said.

Milei, who has warmed his country’s ties with Israel, attended the event in the front row. He did not speak. Also in attendance were US Ambassador Peter Lamela and Yair Horn, an Argentine-Israeli who was held hostage in Gaza during the recent war by Hamas, like Hezbollah, an Iran-backed terrorist group.

The stage was illuminated in Argentina’s national colors, sky blue and white, and a video was screened with a song traditionally chanted in support of the national soccer team. The tribute highlighted the major football moments that the victims’ loved ones never had the chance to witness.

Soccer stars showed support in 2011

National soccer stars were prominent in marking the 17th anniversary of the bombing in 2011. Lionel Messi and Carlos Tevez posed for a photograph holding up a sign with that year’s commemorative slogan.

At the time, Messi had just been named FIFA World Player of the Year, while Tevez, playing for Manchester City, had finished as the Premier League’s leading scorer. The campaign’s message then read: “The national team does not forget the 85 people killed in the AMIA bombing 17 years ago. Neither should you.”

To date, no one has been convicted for the attack. Argentine courts have classified the bombing as a “crime against humanity,” basing their conclusion in part on Nisman’s findings. There is no statute of limitations for a crime against humanity.

Nisman, who was Jewish, was killed in his apartment in 2015, a day before he was to report on his findings in his wide-ranging investigation into the attack, including incriminating then-President Cristina Fernández de Kirchner in a plot to cover up Iran’s involvement in the attack. Nisman’s killing remains unsolved. Courts eventually convicted Kirchner on unrelated corruption charges.

On Friday, a memorial ceremony will also be held at Argentina’s largest Jewish cemetery, La Tablada Cemetery, marking the anniversary according to the Hebrew calendar, on the 10th of Av.

The ceremony will include a tribute to the victims and the recitation of the Kaddish in their memory.

This post was originally published on here. 

President Donald Trump on Monday directed the Commerce Department to launch an incentive program designed to increase U.S. production of primary aluminum, a metal the administration considers to be in short supply despite national-security tariffs already in place. 
The action, under Section 232 of the Trade Expansion Act of 1962, means the secretary of commerce may solicit and approve “onshoring plans” from companies that pledge to build new primary aluminum facilities, expand existing ones, or refurbish outdated smelters in the United States, with construction under any approved plan having to start by Jan. 20, 2029.
Companies with approved plans may then import a quantity of primary aluminum equal to the reasonably anticipated annual output of the new or expanded U.S. facility at half the Section 232 duty rate that would otherwise be applicable. The reduced-rate import allowance is limited to the value of the company’s investment on refurbishment projects….

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NEW YORK — The Conference Board’s Leading Economic Index (LEI) declined 0.2% in June, partially reversing gains recorded over the previous two months as weaker consumer expectations and a slowdown in residential building permits outweighed improvements in financial market indicators. The report, released Monday, July 20, also raised the organization’s 2026 U.S. GDP growth forecast to 1.9% from 1.8%, citing continued strength in business investment tied to artificial intelligence. 

The LEI, one of the nation’s most closely watched forward-looking economic indicators, fell to 99.1 in June after increasing in May. While the monthly decline points to slower momentum in parts of the economy, the Conference Board emphasized that the overall pace of deterioration has moderated significantly compared with late 2025. 

According to the Conference Board, consumer expectations weakened and building permits declined across most housing categories, becoming the largest negative contributors to the index. Positive contributions from the Treasury yield spread and other financial indicators were not enough to offset those headwinds. 

Despite the monthly setback, the organization said the broader picture has improved. The LEI declined only 0.3% during the first half of 2026, compared with a 1.1% contraction during the second half of 2025, suggesting economic conditions have stabilized even as growth slows. 

One of the report’s most notable conclusions was its more optimistic growth outlook. The Conference Board increased its 2026 GDP forecast to 1.9%, explaining that while consumer spending has softened, strong corporate investment in artificial intelligence infrastructure and technology continues supporting overall economic activity as inflation gradually improves. 

The Leading Economic Index combines ten forward-looking indicators, including manufacturing orders, unemployment claims, consumer expectations, stock prices, building permits and the Treasury yield spread. Economists monitor the index because it has historically provided an early indication of turning points in the business cycle several months before broader economic trends become apparent. 

For businesses, today’s report presents a mixed picture. Housing-related industries could face continued pressure if residential construction remains subdued, while companies connected to artificial intelligence, cloud computing, semiconductors and digital infrastructure continue benefiting from elevated capital spending by corporations.

Financial markets are also likely to focus on the report’s implication that the U.S. economy is slowing without entering recession. Stable labor markets, moderating inflation and continued investment in technology have helped offset weakness in more interest-rate-sensitive sectors such as housing.

For consumers, weaker expectations may translate into more cautious spending in the months ahead. However, continued job growth and business investment suggest the economy still maintains important sources of resilience despite elevated borrowing costs.

Investors will continue watching upcoming reports on inflation, employment, manufacturing activity and consumer spending to determine whether June’s decline represents a temporary pause or the beginning of broader economic slowing during the second half of the year.

Overall, Monday’s report reinforces an increasingly balanced outlook: economic growth is moderating, housing remains under pressure, consumer optimism has softened, but sustained investment in artificial intelligence continues providing meaningful support for the broader U.S. economy. 

JBizNews Desk | New York

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Iran claimed it targeted US missile and communications systems across three major US military bases in Kuwait on Tuesday morning.

The claims came following missile and drone attacks on Kuwait that activated sirens across the country, according to a Kuwaiti military post on X/Twitter earlier on Tuesday.

Kuwait’s air defense system intercepted the strikes, said the army, adding that if sounds of explosions are heard, they are the result of interceptions. 

Three US bases in Kuwait were reportedly targeted

The IRGC claimed to have targeted missile systems in Kuwait’s Camp Arifjan, a major US military base south of Kuwait City, with surface-to-surface missiles, Iranian state TV reported on Tuesday.

The IRGC further claimed it targeted US military facilities at Ahmad al-Jaber base in Kuwait, alongside an MQ-9 drone hangar at Ali al Salem air base.

The Revolutionary Guards also said Iran targeted US radar, communications, and satellite facilities in Kuwait through missile and drone attacks on Tuesday morning.

The military urged citizens to continue to adhere to security guidelines.

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A tropical depression moving across the northern Gulf of Mexico is forecast to strengthen into Tropical Storm Bertha, prompting watches along portions of the Gulf Coast and raising concerns for one of America’s most important energy and shipping corridors. The National Hurricane Center issued advisories indicating the system could bring heavy rainfall, storm surge, localized flooding, and disruptions to ports, refineries, petrochemical facilities, and offshore energy operations as it tracks westward along the Gulf Coast.

The depression was located south of the Florida Panhandle with sustained winds near 30 mph and is expected to strengthen into a tropical storm as environmental conditions become more favorable. Tropical storm watches have been issued for parts of the Florida Panhandle, while storm surge watches extend across portions of the northern Gulf Coast. Forecast models indicate the system could eventually approach Louisiana before continuing toward the Texas coastline later in the week.

The projected path places the storm near one of the world’s most important concentrations of energy infrastructure. The Gulf Coast is home to a significant share of U.S. oil refining capacity, major liquefied natural gas export terminals, petrochemical manufacturing complexes, offshore production platforms, and several of the nation’s busiest commercial ports. Even a moderate tropical storm can slow vessel traffic, delay cargo movements, interrupt refinery operations, and temporarily reduce offshore energy production.

Houston, New Orleans, Mobile, and other Gulf ports serve as critical gateways for crude oil, refined fuels, chemicals, agricultural exports, and containerized freight. Shipping companies are closely monitoring updated forecasts as they determine whether to adjust vessel schedules, delay departures, or temporarily reroute cargo operations should conditions deteriorate.

Forecasters expect widespread rainfall totals between 4 and 8 inches, with isolated areas potentially receiving even greater amounts. Storm surge of several feet remains possible in vulnerable coastal communities, while localized flash flooding could affect transportation networks, industrial facilities, and distribution centers. Businesses operating throughout the Gulf region have begun reviewing contingency plans should flooding interrupt normal operations.

The storm also arrives after weeks of unusually wet weather across portions of Texas. Saturated ground conditions increase the risk that additional rainfall could trigger more significant flooding than would normally occur from a storm of similar strength. Emergency management officials throughout the region are coordinating with state and local agencies as forecasts continue evolving.

Energy markets are watching closely because even precautionary shutdowns can temporarily tighten fuel supplies and influence commodity prices. Offshore operators routinely evacuate nonessential personnel ahead of approaching tropical systems, while refineries may reduce production or suspend operations if flooding or high winds threaten critical infrastructure. Pipeline operators and port authorities likewise implement safety procedures that can temporarily slow energy shipments.

Despite the near-term risks, meteorologists note that the broader Atlantic hurricane season remains forecast to be less active than originally expected. The development of El Niño conditions has increased upper-level wind shear across parts of the Atlantic basin, making it more difficult for storms to organize and intensify. Nevertheless, Gulf Coast systems often develop quickly in warm Gulf waters, leaving relatively little time for communities and businesses to prepare.

NOAA hurricane reconnaissance aircraft and U.S. Air Force Reserve Hurricane Hunters continue flying missions into the storm to collect real-time atmospheric data, allowing forecasters to refine predictions regarding intensity, rainfall, and eventual landfall. Additional advisories are expected throughout the week as emergency officials and commercial operators monitor the system’s progress.

For businesses across the Gulf Coast, the storm serves as another reminder of how closely weather and commerce remain connected. From energy production and international shipping to manufacturing, logistics, tourism, and retail operations, even relatively modest tropical systems can have far-reaching economic consequences well beyond the communities directly in their path.


JBizNews Desk | Houston

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European governments and major financial institutions are accelerating efforts to build a homegrown digital payments network designed to reduce the continent’s dependence on Visa and Mastercard, marking one of the European Union’s most significant financial infrastructure initiatives in decades. The latest milestone came with an agreement between the European Payments Initiative (EPI) and the EuroPA alliance, expanding interoperability among national payment systems and laying the foundation for a broader European alternative built on instant bank transfers.

The agreement connects leading payment platforms across Europe, including Bizum in Spain, Bancomat in Italy, MB WAY in Portugal, and Vipps MobilePay across the Nordic countries. Combined with the EPI’s Wero digital wallet, the network is expected to serve approximately 130 million users across 13 European countries, covering much of the European Union and Norway. Initial cross-border person-to-person payments are expected to expand first, with online commerce and in-store retail transactions scheduled to follow over the coming years.

European policymakers increasingly view payment infrastructure as a matter of economic sovereignty rather than simply consumer convenience. Officials argue that relying heavily on foreign-owned payment networks exposes Europe to geopolitical and commercial risks while limiting its control over transaction processing, financial data, and future payment innovation. The initiative reflects a broader strategy to strengthen Europe’s financial independence following recent efforts to diversify energy supplies, semiconductor manufacturing, and critical technologies.

Visa and Mastercard currently dominate much of Europe’s card-payment market, processing trillions of dollars in annual global transactions while handling the majority of international card payments across the continent. In many European countries, consumers have no meaningful domestic card alternative, making international payment networks essential for both retail commerce and cross-border trade.

Supporters of the European initiative argue that a locally controlled payments infrastructure could reduce costs for merchants, improve competition, strengthen cybersecurity, and keep more payment-related data within European jurisdiction. The system is built on existing instant bank-transfer networks rather than traditional credit-card rails, allowing money to move directly between financial institutions without relying on international card processors.

European Central Bank officials have repeatedly emphasized the importance of establishing a competitive European payments ecosystem. Senior policymakers have warned that financial infrastructure should be considered strategic national infrastructure, particularly as digital commerce becomes increasingly central to economic growth. Several European lawmakers have compared the initiative to the creation of Airbus, calling for a unified continental competitor capable of challenging established global market leaders.

Despite growing political support, significant commercial hurdles remain. Visa and Mastercard benefit from decades of consumer familiarity, broad merchant acceptance, sophisticated fraud detection, buyer protection programs, and well-established dispute resolution systems. Convincing consumers to change payment habits may prove difficult when existing card systems already function efficiently across Europe.

Banks also face mixed incentives. Traditional card payments generate interchange and processing revenue that direct account-to-account payment systems may not fully replace. Financial institutions will need to balance support for greater European payment independence with the economics of existing card-based businesses.

Businesses across Europe are watching the initiative closely. A successful rollout could increase competition among payment providers, potentially lowering merchant transaction costs while encouraging additional innovation in digital commerce. At the same time, Visa and Mastercard are expected to continue investing heavily in new payment technologies and security capabilities as competition intensifies.

While the long-term success of Europe’s payments strategy remains uncertain, the initiative represents one of the most coordinated attempts yet to reshape the global payments landscape. Whether consumers ultimately adopt the new platforms in large numbers or simply benefit from stronger competition, Europe’s largest financial markets are signaling that greater control over payment infrastructure has become a strategic economic priority.


JBizNews Desk | Brussels

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International airlines are extending flight suspensions to Dubai and other Gulf destinations as conflict-related airspace restrictions and insurance concerns continue reshaping one of the world’s busiest aviation markets. The latest guidance from European aviation regulators advising carriers to avoid the airspace over the United Arab Emirates, Bahrain, Kuwait, and Qatar has prompted numerous airlines to push back planned resumptions, allowing Gulf-based carriers to capture a greater share of international passenger traffic.

Several major international airlines—including British Airways, Singapore Airlines, Air Canada, and the Lufthansa Group—have extended cancellations or delayed their return to Dubai through late summer and, in some cases, into October. British Airways has postponed the restart of its Heathrow–Dubai route until late October, with plans to initially operate only one daily flight, significantly below its pre-conflict schedule.

The continuing suspensions have created a widening divide across the aviation industry. While many international carriers remain unable or unwilling to operate through the region, UAE-based airlines have restored much of their network capacity. Emirates, Etihad Airways, flydubai, and Air Arabia continue operating the majority of their schedules, allowing them to absorb additional passenger demand while competitors remain absent from one of the world’s largest international connecting hubs.

The difference extends beyond flight schedules. Gulf carriers have also moved aggressively to reassure travelers by expanding conflict-related travel protection. Emirates introduced enhanced travel coverage that includes medical assistance for certain conflict-related incidents, hotel accommodations during qualifying disruptions, and additional passenger support regardless of government travel advisories. Etihad Airways has similarly expanded complimentary medical travel coverage for eligible passengers, helping restore consumer confidence while many traditional travel insurance policies continue excluding war-related claims.

Insurance has emerged as one of the industry’s biggest obstacles. Since regional hostilities intensified earlier this year, many newly purchased travel insurance policies exclude losses directly related to armed conflict or military activity. The exclusions have discouraged bookings among both leisure and business travelers, forcing airlines to develop their own customer protection programs to stimulate demand.

The financial consequences have been substantial. During the height of the regional disruptions, thousands of flights were canceled or rerouted as airlines adjusted schedules around restricted airspace. Aircraft were repositioned, crews reassigned, and international networks rebuilt almost overnight. While Gulf carriers recovered much of their capacity relatively quickly, foreign airlines continue facing higher operating costs, longer flight paths, and uncertainty surrounding future regulatory restrictions.

The economic impact extends well beyond the aviation industry. Dubai serves as one of the world’s largest international transit hubs, connecting Europe, Asia, Africa, and Australia. Reduced international competition affects tourism, hotel occupancy, cargo shipments, business travel, conference activity, and international trade flows. Companies that rely on frequent travel through the Gulf may continue experiencing higher fares and fewer routing options until additional carriers return.

Industry analysts caution that the currently scheduled autumn restart dates remain tentative. Any further deterioration in regional security could result in additional postponements, extending the revenue advantage enjoyed by Gulf carriers while delaying the recovery of foreign competitors. Even if airspace restrictions ease, airlines will continue evaluating insurance costs, operational risks, and passenger demand before fully restoring service.

For Gulf airlines, however, the disruption has reinforced their strategic importance in global aviation. By maintaining operations while much of the international competition remains sidelined, they have strengthened customer relationships, increased market share, and demonstrated operational resilience during one of the industry’s most challenging periods in recent years.


JBizNews Desk | New York

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Burger King is making a major push to improve customer satisfaction, announcing Monday that it will remake any unsatisfactory Whopper for free and offer guests a complimentary Whopper on their next visit. 

The fast-food chain said the “Whopper Guarantee” initiative will launch alongside a new team of employees called “Your Way Champions,” who will be specifically dedicated to addressing customer needs rather than solely overseeing restaurant operations. 

“Burger King is introducing two new initiatives designed to improve the moments Guests told the brand matter most – providing a consistent, accurate and welcoming in-restaurant experience – by introducing Your Way Champions and the Whopper® Guarantee,” the Florida-based chain said. 

The move comes about four months after Burger King launched a listening initiative inviting guests to share feedback directly with company President Tom Curtis through his phone number. The chain said it received thousands of calls and texts highlighting areas for improvement. 

BURGER KING MAKES CHANGES TO SIGNATURE WHOPPER FOR FIRST TIME IN NEARLY A DECADE

Under the Whopper Guarantee, guests can have any Whopper remade immediately for free if it does not meet their expectations. 

The company will also offer guests a complimentary signature burger on their next visit to make up for the inconvenience.

“Guests expect to have it served hot, and exactly the way they ordered it. That’s why if a Whopper® doesn’t meet a Guest’s expectations, the brand will not only continue to remake it on the spot, but they’ll offer the Guest’s next Whopper for free,” the chain said. 

WISCONSIN DEMANDS $1M FROM BURGER KING FRANCHISEE OVER ALLEGED VIOLATIONS

To redeem the offer, guests can scan a QR code inside their Whopper box to receive a unique six-digit code that can be used for a free classic Whopper during their next Burger King visit. 

The new Your Way Champions will serve as a “clear point of contact” for guests throughout their visit, helping ensure orders are prepared correctly and resolving issues when needed. 

Employees in the role will be identifiable by their Your Way Champion uniforms and will welcome guests, double-check orders, focus on customization requests and provide assistance aimed at creating a more guest-focused experience. 

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“When Guests choose us, they expect high-quality food, orders made the way they asked, and a team that’s there when they need us,” Burger King said. “That’s what these changes are about. We’re raising the standard in our restaurants, so every Guest feels like they made the right choice.” 

Burger King said additional initiatives based on guest feedback will roll out throughout the year, including new menu announcements expected later this summer. 

This post was originally published here. 

According to statements made by Boeing Defense, Space & Security leadership ahead of the Farnborough International Airshow as markets open on Monday, July 20, 2026, Boeing said it remains on schedule to deliver the next generation of Air Force One aircraft in 2028, while acknowledging the program will require additional spending as engineers complete complex wiring, structural modifications and certification work on one of the company’s most challenging government contracts. 

The update provides investors with the clearest indication in months that Boeing continues making progress on one of its highest-profile defense programs despite years of delays and billions of dollars in unexpected costs. The company was awarded the fixed-price contract in 2018 to convert two Boeing 747-8 aircraft into highly specialized presidential aircraft equipped with advanced communications, defensive systems and secure command capabilities.

Since receiving the contract, however, the program has become one of Boeing’s most expensive defense projects. Originally valued at $3.9 billion, costs have now exceeded $5 billion, forcing Boeing to absorb billions of dollars in losses because of the contract’s fixed-price structure. Company executives indicated additional cost growth is still expected before the aircraft complete testing and certification. 

The Air Force One program requires far more than assembling a commercial aircraft. Engineers must install secure communications systems, classified defensive technologies, electromagnetic shielding and other specialized capabilities that effectively transform a Boeing 747 into a flying White House capable of operating during national emergencies. Those extensive modifications have made the project significantly more complicated than originally anticipated.

Boeing expects the first aircraft to begin flight testing next year, an important milestone before final delivery. Even if the company achieves its revised schedule, the aircraft will arrive approximately four years later than originally planned, underscoring the complexity of the modernization effort. 

The delays have required the federal government to rely on interim solutions while waiting for the permanent replacement fleet. The existing Air Force One aircraft entered service in 1990 and continue to require increasing maintenance as they approach four decades of operation. A Boeing 747 previously owned by Qatar has also been added as a temporary presidential aircraft while Boeing completes the new fleet.

For Boeing, successful completion of the Air Force One program represents more than fulfilling a government contract. The project has become symbolic of the company’s broader effort to restore confidence following years of manufacturing challenges, certification delays and financial losses across both its commercial and defense businesses.

Recent developments have shown signs of improvement. The Federal Aviation Administration recently restored Boeing’s authority to issue airworthiness certificates for certain commercial aircraft after determining the company’s manufacturing quality had improved under enhanced regulatory oversight. Investors are watching closely for additional evidence that Boeing’s operational turnaround is gaining momentum. 

Defense remains one of Boeing’s three core business segments alongside commercial airplanes and global services. Although defense margins have been pressured by several fixed-price contracts, the business continues generating significant long-term revenue through military aircraft, satellites, weapons systems and government support programs.

The Air Force One update also comes as Boeing prepares for the Farnborough International Airshow, where aerospace manufacturers traditionally announce new aircraft orders, defense partnerships and technological developments that help shape investor expectations for the remainder of the year.

While additional costs are still anticipated, Boeing’s reaffirmation of its 2028 delivery schedule offers an important signal that one of the company’s most closely watched defense programs continues moving toward completion. For investors, execution may now matter more than new orders as Boeing works to rebuild profitability, strengthen manufacturing performance and restore confidence across its commercial and defense operations.

JBizNews Desk | London

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Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible new airplane design but is not yet ready to move forward.

Ortberg, who became president and CEO in August 2024, said Boeing is spending “time and money” evaluating its options and preparing to introduce a new design when the company is ready, according to The Wall Street Journal.

“We don’t have a firm configuration right now,” Ortberg said ahead of the Farnborough International Airshow near London. “We’re evaluating trade studies. You create a baseline, and you evaluate things against the baseline, and then you change.”

TRUMP ANNOUNCES CHINA WILL BUY 200 BOEING JETS AFTER XI TALKS: ‘A LOT OF JOBS’

Before launching a new airplane, Boeing wants to improve its finances, develop the necessary technology and deliver aircraft that are already behind schedule, Ortberg said.

“Certainly, getting our financial house in order is a part of our being ready,” Ortberg said. “That’s going to take another couple years.”

Boeing is currently focused on delivering delayed models, including its long-awaited 777X wide-body jet, The Wall Street Journal reported.

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“Orders are not our challenge,” Ortberg said. “Our challenge is getting these orders delivered.”

Boeing also kept the 777X in the U.S. rather than conducting demonstration flights at the Farnborough airshow while the aircraft awaits Federal Aviation Administration (FAA) certification, according to The Wall Street Journal.

The FAA could approve Boeing’s 737 MAX 7 as soon as late July. Ortberg said he expects the larger MAX 10 to follow not long afterward, the outlet reported.

AIRLINES WARN CHANGING DAYLIGHT SAVING TIME WOULD DISRUPT SCHEDULING

Ortberg said airline customers want Boeing to focus on improving production and reliability across its current lineup before introducing a new jet, according to CNBC.

Boeing and Airbus dominate the large commercial aircraft market, and a future Boeing airplane could help the company compete with Airbus’ A320 family, the outlet reported.

The comments come as Boeing adds to its order book. In May, President Donald Trump said Chinese President Xi Jinping had agreed to order 200 Boeing jets during a high-level meeting in Beijing.

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Boeing could not immediately be reached by FOX Business for comment.

This post was originally published on this site.

According to GE Aerospace, on Monday, July 20, the company successfully completed the world’s first high-altitude flight demonstration assisted by hybrid-electric propulsion under NASA’s Electrified Powertrain Flight Demonstration (EPFD) program, marking a significant milestone in the development of next-generation commercial aircraft. The achievement is important for airlines, manufacturers and suppliers because it advances technology that could reduce fuel costs, improve efficiency and support the aviation industry’s long-term sustainability goals.

The demonstration used a modified Saab 340B aircraft equipped with a hybrid-electric propulsion system developed by GE Aerospace in collaboration with BETA Technologies. The flight validated the system under real operating conditions at commercial cruising altitudes, providing engineers with valuable performance data as development continues.

For the airline industry, fuel remains one of the largest operating expenses. Even modest improvements in fuel efficiency can save carriers millions of dollars annually while helping them comply with increasingly stringent environmental regulations. Hybrid-electric propulsion is widely viewed as one of the most practical transitional technologies before battery-powered commercial aircraft become feasible.

Unlike fully electric aircraft, hybrid-electric propulsion combines conventional turbine engines with electric motors that provide additional power during the most energy-intensive phases of flight, including takeoff and climb. The result is lower fuel consumption while maintaining the reliability and range required for commercial aviation.

The flight represents years of collaboration between GE Aerospace, NASA, and industry partners working to move hybrid-electric technology from laboratory testing to real-world aviation applications. High-altitude testing is particularly important because commercial aircraft spend much of their operating time above 30,000 feet, where propulsion systems must perform under demanding conditions.

The project also supports CFM International’s Revolutionary Innovation for Sustainable Engines (RISE) program, a joint initiative between GE Aerospace and Safran Aircraft Engines. The program is evaluating advanced engine technologies capable of improving fuel efficiency by more than 20% compared with today’s most efficient single-aisle aircraft engines.

Those technologies include hybrid-electric propulsion, advanced engine cores and open-fan engine designs that could eventually power the aircraft expected to succeed today’s Boeing 737 and Airbus A320neo families.

The milestone also carries implications throughout the aerospace supply chain.

Hybrid-electric aircraft require advanced electric motors, power electronics, thermal management systems, lightweight composite materials and sophisticated software. As manufacturers continue investing in electrified propulsion, suppliers producing those components could benefit from growing demand over the coming decade.

For aircraft manufacturers, the successful demonstration provides additional confidence that hybrid-electric propulsion is progressing toward commercial viability. Airlines continue seeking more fuel-efficient aircraft as they modernize fleets and attempt to lower operating costs while meeting environmental objectives.

Government support also remains an important part of the industry’s transition. NASA’s continued investment in electrified flight technologies reflects broader public-private efforts to accelerate innovation while maintaining the safety and reliability standards required for commercial aviation.

Although hybrid-electric commercial aircraft are still years from widespread deployment, Monday’s demonstration represents another important step toward future aircraft capable of reducing both operating expenses and emissions.

For businesses across the aviation sector, the development highlights continued investment in advanced aerospace technologies that could influence future airline purchasing decisions, manufacturing priorities, supplier contracts and long-term capital investment throughout the industry.

JBizNews Desk | New York

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The long game Was never about one Acquisition

Viewed through a sharply narrowed lens of a single transaction, Holiday Builders adds another respected, cycle-tested, deeply regionally invested homebuilder to Stanley Martin Homes‘ growing portfolio.

However, through the panoramic landscape lens of Daiwa House‘s long-term strategy, however, the acquisition takes on a considerably more significant mission and purpose.

It stands as another carefully measured step in a strategic roadmap that has been unfolding for nearly a decade.

From Day One over a decade ago, Daiwa House’s expansion into American homebuilding veered dramatically from the acquisition strategies often seen among publicly traded U.S. builders. Rather than assembling one massive national brand, the Osaka-based housing giant has steadily built a portfolio of strong regional operators, each keeping its own identity, leadership and market intel and reputational trust while receiving help from patient capital, operational resources and long-term strategic planning.

Stanley Martin became the company’s East Coast anchor. CastleRock Communities set up a meaningful Texas-and-beyond operational-excellence and business culture presence. Trumark Companies fortified its position across California and the western United States.

Holiday Builders now becomes another important mission and purpose role player in that enterprise architecture.

More pointedly, it suggests Daiwa House has entered a second phase of its American strategy.

The first decade proved out operating platforms. The next appears focused on strengthening them as local-learning-driven adapters.

That evolution is reflected not only in acquisitions themselves but in how Daiwa House executives describe the company’s future.

Speaking to investors earlier this year, management reaffirmed that despite continued pressure from elevated interest rates, its goal of delivering approximately 10,000 U.S. single-family homes stays unchanged. More tellingly, executives said future expansion would continue to count decisvely on the company’s existing American homebuilding businesses.

“Our core approach,” management explained, “is to put them at the core of our moves to expand business.” 

Holiday Builders is exactly the kind of acquisition that statement foreshadowed.

“This combination is meaningful, as Holiday Builders ranks as the largest post-Global Financial Crisis, Florida-based private builder transaction,” said Tony McGill, Head of Investment Banking at Zelman Partners LLC, exclusive advisor to Holiday Builders, underscoring the strategic nature of the combination and reinforcing that this was not merely an opportunistic acquisition, but one carefully structured around long-term value creation. McGill added, “It’s also the largest employee-owned private homebuilding organization to transact, which means the entire team of employees participate in the upside, and bring that skin in the game to the new organization.”

Rather than replacing an operating platform, Daiwa House is strengthening one.

A strategy measured in decades, not quarters

Holiday Builders also arrives at an important moment in Daiwa House’s own corporate planning cycle.

The transaction follows the successful completion of the company’s Seventh Medium-Term Management Plan, which emphasized building a sustainable long-term growth model through expansion of overseas operations, recurring revenue businesses and disciplined strategic investment. Company results show overseas revenue more than doubling during the plan period, fueled largely by growth in the U.S. single-family housing business. U.S. housing deliveries increased by roughly 74% while total land holdings expanded to more than 75,000 lots. 

Now, as Daiwa House prepares to launch its next five-year strategic framework – i.e. its Eighth Medium-Term Management Plan, executives have made equally clear that overseas housing, and particularly the United States, will remain central to the company’s future.

“The Japan-based homebuilding organizations seem to each have that longterm play on economic growth tied to rooftops,” said McGill. “Now they’re looking beyond that geographic sweep to bring scale down to a more grassroots level, where what they’re scaling is their profits and returns.”

The investor presentation positions U.S. single-family housing among the company’s key long-term growth businesses while reaffirming its emphasis on expanding American operations through its existing builder platforms. 

The earnings discussion added another revealing detail.

Executives told investors that the company continues targeting approximately 100,000 U.S. controlled lots while keeping a weather eye out for additional acquisitions should opportunities arise under the next Medium-Term Management Plan. 

Holiday Builders, another milestone in the Stanley Martin-Daiwa House arc of growth, fits naturally within that progression.

Where Holiday Builders plays a key role

The strategic value Holiday Builders brings extends well beyond Florida geography.

Under President and CEO Bruce Assam and Chief Financial Officer Richard Fadil, Holiday Builders has built almost stealthily one of Florida’s more disciplined operating organizations, emphasizing attainable housing – drawing on “secret sauce”-style skills in culling scattered lots in its operating arenas, effectively yielding an asset-light real-time lot absorption system, paired with 65-day construction operation cycles – all while navigating one of the nation’s most challenging affordability environments.

That focus became especially visible through the company’s Inspire product line, developed specifically to deliver homes that better align with today’s affordability realities without abandoning design quality or customer experience.

Those priorities closely mirror Stanley Martin’s own mission of designing and building homes “people love at a price they can afford.”

In an industry increasingly challenged to reconnect attainable pricing with sustainable profitability, that philosophical alignment may prove every bit as valuable as Holiday’s community count or controlled lots.

Holiday also plays a less heralded but arguably more vital role in the Stanley Martin growth trajectory. For more than four decades, the company has cultivated relationships with municipalities, landowners, trade contractors, suppliers and development partners throughout Florida. Those relationships cannot be replicated overnight. Stanley Martin gets them at once, without the de novo market expansion “brain damage” operators normally must endure.

By the same token, Holiday Builders gains access to broader organizational resources, greater capital nimbleness and an operating platform capable of supporting continued expansion while preserving the trusted local leadership that built the company’s reputation.

Rather than vanishing inside a larger enterprise, Holiday appears positioned to become an important contributor to it.

Product and land innovation can travel

An even more intriguing opportunity lies beyond Florida. As affordability increasingly shapes housing demand nationwide, Holiday Builders’ experience designing, pricing and marketing attainable housing may become transferable knowledge throughout Daiwa House’s broader American organization.

Stanley Martin, CastleRock Communities and Trumark Companies each operate in markets confronting similar affordability pressures, albeit under different economic and regulatory conditions.

Holiday’s work around attainable product design offers more than another successful Florida business model.

“Holiday’s skill at scattered-lot acquisition and real-time lot absorptions show up on the business balance sheet as a proven pioneer in asset-light business and capital investment,” said Zelman’s McGill.

The product and land-tactics skillset provide a potential template that could influence product development and land strategy discussions across Daiwa House’s broader U.S. portfolio. In that sense, Holiday Builders contributes intellectual capital alongside operating scale.

As homebuilders increasingly compete on product efficiency, construction cost discipline and value engineering – not simply location or amenities – that exchange of operating knowledge could become one of the transaction’s most durable benefits.

Disciplined capital, local leadership

Another notable aspect of the transaction is what it says about Daiwa House’s approach to growth.

Unlike many consolidation stories, Holiday Builders is not being folded into a centralized national operating structure.

Instead, the transaction reinforces a strategy that values experienced regional leadership. Assam, Fadil and the Holiday Builders organization bring decades of market knowledge that cannot be engineered through corporate integration.

That local capability becomes stronger – not weaker – when paired with Daiwa House’s long-term local learning and investment horizon and Stanley Martin’s expanding operational capabilities.

The combination reflects a philosophy that has become increasingly plain across Daiwa House’s American investments.

  • National capital.
  • Regional leadership.
  • Local execution.

The transaction itself also bears the fingerprints of sophisticated industry planning, and a commitment to ongoing deep knowledge assimilation and local learning as a strategic throughline.

The competitive architecture is changing

Holiday Builders will not likely go down in homebuilding M&A annals because it added another thousand annual closings to Stanley Martin’s ledger.

Its greater significance may lie in what it reveals about where American homebuilding is headed.

The competitive landscape is no longer defined solely by annual closing volume or market-share rankings.

Increasingly, advantage is accruing to organizations capable of assembling something much more durable: regional operating density supported by patient capital, disciplined land strategy, experienced local leadership, transferable operating knowledge and product systems designed around evolving customer needs.

That is what Daiwa House appears to be constructing across its American portfolio.

Holiday Builders does not change that strategy.

It extends it, geographically, against customer segments, and in an operations-land system that can play in markets across the country.

On the eve of Daiwa House’s next Medium-Term Management Plan, the acquisition serves as a reminder that the company’s ambitions in American homebuilding remain measured not in quarterly earnings or even annual closings, but in decades of learning first and acting with discipline.

This post was originally published on here. 

The Farnborough International Airshow kicked off on Monday with major defense companies, including Israeli firms, showcasing their solutions and platforms as military budgets have skyrocketed due to wars in the Middle East and Ukraine.

At the event, Israel Aerospace Industries (IAI) unveiled ELLYON, its newest next‑generation multi‑role aircraft designed to operate from stand‑off ranges of hundreds of kilometers, allowing it to influence contested environments while remaining outside the reach of hostile threats. 

According to the company, the aircraft integrates electronic attack capabilities across the electromagnetic spectrum with advanced SIGINT (Signals intelligence) and ISTAR (Intelligence, Surveillance, Target Acquisition, and Reconnaissance) capabilities. It also has long‑range SAR/GMTI radar, electro‑optical sensors, and satellite communications, creating a unified platform capable of both gathering intelligence and shaping the electromagnetic battlespace. 

With the advanced technologies, ELLYON “significantly shortens intelligence‑cycle closure and expands the freedom of action for forces even in the most challenging operational environments,” said IAI vice president and ELTA Systems CEO Dror Bar.

IAI Chairman Boaz Levy said that the ELLYON multi-mission aircraft “continues the tradition of combining technological innovation with proven operational experience, unifying advanced intelligence, electronic warfare, and mission management into a single airborne platform that provides significant operational advantage in evolving combat arenas.” 

Along with IAI, Israel’s Rafael Advanced Defense Systems showed off several of its platforms at Farnborough, including the Iron Beam high-energy laser air defense system as well as its layered air-defense architecture that integrates the Iron Beam and Iron Dome.  

The Iron Beam is the world’s most combat-tested air defense system and has intercepted thousands of threats, including rockets, cruise missiles, and UAVs, across successive operational campaigns over the past 15 years of operational use.

The company also showed off its precision‑strike weapons, such as SPICE 250, ROCKS, and the ICE BREAKER cruise missile, alongside the LITENING 5 targeting pod.

Litening 5 is a fifth-generation targeting system already operational with 28 air forces worldwide, including the Royal Air Force. In March, a RAF Typhoon downed Iranian drones over Jordan using a Litening 5 pod to target with Advanced Precision Kill Weapon System (APKWS), a precision-guided munition aimed to destroy the hostile platform. 

Elbit Systems, through its subsidiary Elbit System UK, used Farnborough to highlight its role as a major supplier to the British Armed Forces, showcasing synthetic training systems, electronic warfare (EW) technologies for the Royal Navy’s MEWSIC (Maritime Electronic Warfare System Integrated Capability) program, and its Thor and Magni‑X uncrewed aerial systems already in service with the British Army. 

The company also presented its X‑Sight helmet‑mounted display, designed to give helicopter pilots enhanced situational awareness through wide‑field overlays of mission and sensor data. 

Farnborough comes shortly after France’s Eurosatory defense exhibition.

France had restricted Israeli participation from the beginning, barring government officials and prohibiting offensive weapons from being displayed. While Israeli companies were limited to defensive systems, over a dozen Israeli companies that followed the restrictions had their booths blocked off with giant black walls.

Aeronautic's booth at Eurosatory 2026, blocked off by the French  (credit: Courtesy)

Farnborough, a commercially driven aerospace-focused event rather than weapons systems, imposed no such constraints, allowing Israeli companies to present full portfolios without limitations, including precision‑strike weapons, electronic‑warfare suites, and next‑generation laser systems.

According to Reuters, organizers say defense companies will make ​up half of a record 1,600 exhibitors at the show, highlighting a shift from the ​commercial aviation roots of an event that began in 1948 as a showcase for British aerospace technology.

The shift ‌reflects ⁠how conflicts from Ukraine to the Middle East have transformed spending priorities and accelerated demand for new defense technologies, including unmanned fighter jets, kamikaze drones, and autonomous AI software.

“The security environment has changed fundamentally, and so have the expectations placed on defense suppliers. The threshold has shifted. Proven performance and reliable delivery are now the baseline requirements, not differentiators,” said Rafael’s CEO and president Yoav Tourgeman. 

Tourgeman added that the systems showcased at Farnborough “are not concepts or prototypes. They are combat-validated systems, refined through operational experience in the most demanding environments any defense technology has faced, backed by an industrial ecosystem built to deliver at pace.”

This post was originally published on here. 

BUDAPEST, Hungary — Hungarian chess grandmaster Judit Polgár, widely regarded as the greatest female chess player in history, has declined Prime Minister Péter Magyar’s nomination to become Hungary’s next president, saying she does not believe she has the ability to unite the country during a period of deep political division. The announcement was made Monday through a public statement following her nomination by the Hungarian government. 

Polgár thanked Prime Minister Magyar and those who supported her candidacy, calling the nomination “an extraordinary honor.” However, she said the presidency requires someone capable of bringing together a polarized nation, adding that she does not feel she possesses the strength necessary to shoulder such a historic responsibility. 

The nomination had drawn international attention because of Polgár’s remarkable career and the symbolic significance of potentially becoming one of Europe’s few Jewish heads of state. She has long been celebrated as the strongest female chess player in history, becoming the only woman ever to break into the world’s top ten rankings and surpass a 2700 FIDE rating while defeating numerous world champions throughout her career. 

Prime Minister Magyar had described Polgár as a respected, nonpartisan national figure capable of helping restore confidence in Hungary’s institutions following sweeping political changes that led to the early end of President Tamás Sulyok’s term. Parliament is now expected to select another candidate to serve as Hungary’s next president while constitutional reforms continue. 

For Hungary’s Jewish community, the nomination itself marked a notable moment, highlighting the international respect earned by one of the country’s most accomplished Jewish public figures. Although Polgár declined the position, her consideration for the presidency underscores her stature far beyond the world of chess.

JBizNews Desk | Budapest

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WASHINGTON, D.C. — The Commerce Department confirmed Monday that Chris Fall has stepped down as director of the Center for AI Standards and Innovation, ending a tenure that lasted roughly three months at the government office responsible for testing and setting benchmarks for advanced artificial intelligence systems.

Commerce spokesman Benno Kass confirmed the departure to reporters but did not offer a reason for it. Fall was installed in late April to run the office, which the administration created by reorganizing what had previously operated as the U.S. AI Safety Institute. The center works alongside major developers — including Anthropic, OpenAI, Microsoft, Google’s DeepMind, and Elon Musk’s xAI — to probe unreleased models for security vulnerabilities before they reach the market.

Leadership now passes to Arvind Raman, director of the National Institute of Standards and Technology, on an interim basis. In a statement, a Commerce spokesperson said Raman “will continue to oversee CAISI and will serve as Acting CAISI Director.” Raman was sworn in at NIST on June 30 after serving as dean of engineering at Purdue University. The department said it expects to name a permanent director within the coming weeks.

The administration moved quickly to frame the exit as planned rather than disruptive. A Commerce official told Axios that Fall’s appointment had always been intended as a stopgap, and that Raman has spent recent weeks evaluating candidates for the permanent post. A spokesperson for President Trump declined to comment, according to Reuters.

Still, the turnover lands at a delicate moment for federal AI oversight and follows an unusually rocky start for the office. Before Fall was selected, the administration had initially tapped Collin Burns — a researcher who previously worked at Anthropic and OpenAI — to lead the center. Burns was reportedly pushed out just days after starting, and Commerce brought in Fall in his place. Fall arrived with government experience from Trump’s first term, when he directed the Office of Science at the Department of Energy.

The center sits at the heart of some of the thorniest questions in AI policy. Its core mission is building out the government’s ability to test and evaluate frontier models, with particular attention to preventing adversaries from exploiting the technology to develop chemical or biological weapons or to corrupt AI training data. That work has real commercial stakes: the office was involved in the June export controls placed on Anthropic’s Fable 5 and Mythos 5 systems, restrictions that Commerce lifted after roughly two weeks.

The leadership shuffle also comes as the White House signals broader ambitions for how it supervises the industry. Reporting from CNBC describes a program under discussion, referred to as Gold Eagle, that would give the federal government authority to decide which partners can access the most capable models built by companies such as Anthropic and OpenAI. That would go beyond the voluntary arrangement Trump set out in a June executive order, which asked developers to submit new models for government review ahead of release.

For businesses building on or investing around advanced AI, the instability at the top of the testing office carries practical weight. The center’s standards influence how quickly new models can be certified, which foreign partners can license them, and how much friction developers face before a commercial release. Repeated changes in direction — three intended leaders in a matter of months — leave companies with less certainty about the rules they will be operating under.

The department has not indicated whether the permanent director will maintain the office’s current testing agreements or reshape its priorities. Those agreements, some of which govern how firms like Google and Microsoft cooperate with government evaluators, have already seen quiet revisions, with certain details removed from the center’s public website in recent weeks.

For now, the office continues its work under acting leadership while the administration searches for a permanent chief. The coming weeks are expected to bring both a new director and, potentially, greater clarity on how aggressively Washington intends to police the frontier of a technology that has become central to the American economy.

JBizNews Desk | Washington, D.C.

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The nation’s supply of used automobiles increased slightly in June as retail sales slowed, helping ease month-over-month price growth to a modest 0.4 percent after large early-year gains, according to Cox Automotive’s monthly used-car market analysis released on July 17.
Automotive dealers held 2.14 million used vehicles in inventory in June, which equates to 47 days’ worth of supply, Cox Automotive’s analysis of vAuto Live Market View data showed. That’s a 0.2 percent year-over-year increase and a 1 percent uptick from May, when dealerships held 2.12 million used cars and trucks at 45 days’ supply.
Used vehicle inventory hit a yearly low of 1.95 million vehicles and a 37-day supply in March due in large part to a surge in sales to 1.64 million vehicles for the month. The modest increase in supply in June is a boon to consumers, with sharp average price hikes seen since the start of the year easing for the first month of summer. …

This post was originally published here. 

DUBAI — Yemen’s Iran-backed Houthi movement declared an immediate maritime embargo against Saudi Arabia on Monday, July 20, threatening vessels connected to the kingdom and opening a second potential choke point for global energy supplies as exporters are already struggling with disruptions through the Strait of Hormuz. The declaration was issued by the group’s military spokesperson following renewed fighting between Saudi Arabia and the Houthis. 

The announcement does not by itself prove that the Houthis can completely block Saudi shipping. However, the threat is significant because Saudi Arabia has increasingly relied on its Red Sea export infrastructure to bypass instability in the Persian Gulf and keep crude flowing to international customers.

Saudi oil can be transported through the kingdom’s East-West pipeline to the Red Sea port of Yanbu, avoiding the Strait of Hormuz. That route has become especially important as conflict involving Iran has reduced normal tanker traffic through the Gulf.

The Houthis’ declaration now places the alternative route under threat.

Any sustained attacks on tankers, export terminals or vessels calling at Saudi ports could force shipping companies to suspend voyages, raise insurance premiums or reroute cargoes around Africa. Even without a successful physical blockade, the possibility of missile and drone attacks can make shipping commercially unviable for some operators.

The Bab el-Mandeb Strait, located between Yemen and the Horn of Africa, connects the Red Sea with the Gulf of Aden and the Arabian Sea. It is the southern gateway for vessels traveling between the Suez Canal and the Indian Ocean.

Approximately 7.4 million barrels a day of petroleum products passed through Bab el-Mandeb in June, equal to roughly 7% of global oil production, according to shipping data cited in current energy-market assessments. That volume had risen sharply as Saudi Arabia and other producers redirected exports away from the Persian Gulf. 

The new threat therefore affects more than Saudi Arabia. Tankers carrying crude from Red Sea terminals, refined fuels headed toward Europe and commercial vessels using the Suez Canal could all face higher costs or delays.

The Houthis said the embargo was imposed under the principle of retaliation, accusing Saudi Arabia of maintaining a blockade against Yemen. The declaration follows a breakdown in the informal truce that had largely limited direct hostilities between the two sides for approximately four years.

The latest confrontation began after the Houthis accused Saudi Arabia of striking an airport under their control. Houthi forces subsequently launched missiles toward Saudi territory, while the group’s leader warned that Saudi oil installations and other critical infrastructure would become targets if Riyadh escalated its involvement. 

That escalation threatens to pull Saudi Arabia back into a direct conflict it had spent years attempting to contain through negotiations.

For oil markets, the timing is particularly dangerous.

Saudi Arabia is the world’s largest crude exporter and one of the few producers capable of increasing output quickly during an international supply disruption. Its spare production capacity normally serves as a cushion against wars, sanctions and unexpected outages.

That cushion has less value if the kingdom cannot safely transport additional barrels to customers.

A disruption affecting both the Strait of Hormuz and the Bab el-Mandeb Strait would place pressure on two of the world’s most important energy corridors simultaneously. The threat could leave producers with oil available inside the region but limited safe routes for delivering it to global markets.

Higher security risks are already changing shipping economics. Tanker owners may demand substantial premiums before agreeing to enter threatened waters. Insurers can raise war-risk coverage rates with little notice, while crews may require danger pay to sail through areas vulnerable to missiles, drones or boarding attempts.

Those costs ultimately move through the supply chain.

Refiners pay more to secure crude. Airlines face higher fuel expenses. Trucking and delivery companies spend more on diesel. Manufacturers pay more to transport components and finished goods. Consumers eventually see the pressure in gasoline prices, airline fares, shipping charges and retail prices.

The Houthis previously demonstrated their ability to disrupt Red Sea commerce during a campaign of attacks on international shipping. Those strikes prompted major container carriers and tanker operators to avoid the Suez route and sail around the Cape of Good Hope, adding thousands of miles and substantial fuel costs to voyages between Asia and Europe.

A renewed campaign directed specifically at Saudi Arabia could be even more disruptive because it would target the infrastructure currently helping compensate for reduced Gulf exports.

The immediate question is whether the declaration will be followed by attacks against Saudi-linked commercial vessels or whether it is intended primarily as political and economic pressure.

Shipping companies are likely to respond cautiously. Operators do not need to wait for a vessel to be struck before changing routes. A credible warning from a group with a demonstrated missile and drone capability can be enough to delay departures, cancel charters or require naval protection.

Saudi Arabia must now decide whether to confront the Houthis militarily, seek outside naval assistance or attempt to restore the truce through diplomacy. Any Saudi retaliation could invite further attacks against oil terminals, pipelines, airports and power infrastructure.

For Washington and other major economies, the embargo adds urgency to efforts to protect navigation through the Red Sea. A prolonged disruption could deepen the global energy shortage, raise inflation expectations and complicate decisions by central banks already weighing whether interest rates can safely be lowered.

The threat also strengthens Iran’s ability to pressure international markets through allied armed groups operating beyond its borders. With Iran exerting pressure around Hormuz and the Houthis threatening Saudi access to the Red Sea, the region’s oil-export network is becoming increasingly exposed on both sides of the Arabian Peninsula.

Markets will now watch for evidence that the Houthis are attempting to enforce the embargo, including attacks on vessels, warnings identifying specific ships, disruptions near Yanbu or changes in tanker traffic through Bab el-Mandeb.

Until then, the declaration remains a threat rather than a fully enforced blockade. But in an oil market already operating with fewer secure routes, the announcement alone is enough to raise the cost of moving energy and increase the risk of another sharp rise in global prices.

JBizNews Desk | Dubai

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Americans who are looking to buy a home for the first time are seeing some gradual improvement in affordability, though the market remains far more challenging than it was before the COVID-19 pandemic – particularly in some parts of the country.

A new analysis by Realtor.com finds that the cost of a typical starter home has risen from $256,000 in 2019 to $344,000, while the share of affordable listings priced under $350,000 has fallen from 55% to 37.6% in that period.

Realtor.com senior economist Hannah Jones told FOX Business that the market for starter homes has changed “dramatically” since the pandemic, with shifts driven by higher mortgage rates and inventory limitations.

“Factoring in mortgage rates, the income needed to qualify has risen from $43,000 to $78,000, a jump that incomes haven’t matched, and monthly payments are up more than 80% since 2019,” she said. “Altogether, buyers are paying more for less and the squeeze is most severe for the bottom tier of earners.”

WHY HOMEBUYERS ARE RACING TO THIS PENNSYLVANIA PORT CITY

Those dynamics have contributed to a rise in the age of the average first-time homebuyer to 40 years old, with Jones noting that the share of first-time buyers was only 30% a year ago – though it recovered somewhat to 35% in May.

“The profile has shifted toward higher-income households who can qualify at current rates, because lower-income buyers have largely been priced out,” she said.

“More households are pooling resources, living with parents longer to save, or relocating to more affordable markets. The practical effect is that today’s starter home buyer increasingly resembles the move-up buyer of a decade ago,” Jones said.

MORTGAGE RATES JUMP TO HIGHEST LEVEL IN ALMOST A YEAR

The report noted that there are 220,000 more starter homes for sale compared with 2022, with prices down 4.2% from that period, so there has been improvement in the last few years after the pandemic shock.

Jones said that most of that change is due to new construction – much of which has occurred in the South – while homeowners with relatively low mortgage rates are largely remaining in place due to their reluctance to take on a higher-rate mortgage after moving.

“Builders in Texas, Florida, and the Carolinas drove the South’s recovery by bringing supply to market just as demand moderated,” she said. “Lock-in is still very much in play nationally, with almost 70% of outstanding mortgages at 5% or below. Life-event-driven turnover is happening at the margins, keeping the market cranking, but hasn’t meaningfully unlocked existing inventory more broadly yet.”

HOUSING AFFORDABILITY TO IMPROVE AS HOME PRICE GROWTH COOLS, REALTOR.COM FORECASTS

Jones said that while the national picture for the starter home market is slowly improving, the outlook across various regions of the country varies widely.

“The South is the clearest bright spot, with starter home prices down 3.5% from peak and 170,000 more sub-$350K listings, driven by aggressive Sun Belt construction. The West has also seen real price correction, down 7.3% from peak, though gains are concentrated in markets like Phoenix and Denver rather than California’s coast,” she said.

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“The Midwest remains the most affordable region but is losing that edge, with prices up 10% since 2022,” Jones noted. “The Northeast is the hardest story: prices up 12.6% since 2022, affordable listings down from 48% of inventory pre-pandemic to under 30% today.”

This post was originally published here. 

The Trump administration on Monday announced it will impose a 50% tariff on certain Canadian imports, citing what officials called trade “discrimination” against American businesses.

The duties will target specific Canadian goods and are set to take effect on Aug. 19 under the Tariff Act of 1930.

Officials said Canada’s current tax policies unfairly target U.S. automakers, contributing to a significant decline in American vehicle exports while giving foreign competitors an advantage.

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“I find that it is necessary and appropriate and in the public interest to impose an additional ad valorem duty of 50 percent on certain products of Canada,” the order said.

“The United States, U.S. businesses and workers, and U.S. commerce suffer from Canada’s discriminatory, unequal, and unreasonable tariff scheme.”

This is a developing story. Please check back for updates

This post was originally published here. 

Let me quote from Truth Social, a very important quote from the president: “Every time Iran kills an American soldier, they will pay for that killing many times over.” The president adds that “This directive has been passed on to Secretary of War Pete Hegseth, Chairman of the Joint Chiefs of Staff Daniel Cain and every leader in the military.” That was from President Trump’s Truth Social platform today. Let me just say, I fully support him and I fully support those sentiments.

And to some extent, I think this is a moment of truth for the president with respect to completely destroying the barbaric, totalitarian, Nazi-like regime that is still running Iran. They crossed his red lines by not reopening the Strait of Hormuz and continuing to develop their capabilities on the nuclear front. Those were the red lines, and they crossed them. He is now responding with major force, and this is where the game can finally be ended. Now, it’s being reported that America is increasing our aircraft numbers in the Middle East theater. America is planning to send additional F-16 and F-35 fighter jets from bases in Europe, plus additional aerial refueling tankers.

Also widely reported was the Situation Room briefing with various options such as capturing Kharg Island or bombing Pickaxe Mountain. Again, my hope is the president pursues both options. Capturing Kharg Island would be a Venezuela-like takeover of Iran’s oil and energy and economic capabilities. We, meaning America, can refine and export the oil better than Iran can, put it on ships and increase the world’s oil supply.

They’re bringing down prices, but the money won’t go to the Islamic Revolutionary Guard Corps regime. It’ll either be escrowed or given to our Gulf allies to rebuild from Iranian bombing damage. We can do the oil story with minimum invasion. And maximum world economic benefits.

And as for Pickaxe Mountain, my view is that any remaining nuclear capabilities should be smashed. And importantly, let’s bring in our Israel ally to help us as they always have, despite some egregious and foolhardy sniping at Israel from a senior administration source. 

Israel can help us in so many ways. And they’re supplying plenty of intelligence to our Gulf allies, including the Saudis, and they’re working hand in glove with our CIA. One thought I have is for Israel and the American secret service is to identify and supply Iranian dissidents with as much military and other help as possible to overthrow the IRGC regime. 

There’s a Ronald Reagan element to this. As the Gipper helped arm Poland, and so many other Eastern European states, to overthrow Soviet communism. Working with Margaret Thatcher and Pope John Paul II, Reagan’s goal of overturning Soviet communism was realized. Why not try this with Iran? Perhaps we are already trying. There’s nothing wrong with conducting some kind of diplomacy while the military options are implemented and the daily bombing continues. 

Yet I think as far as Mr. Trump is concerned, he is intent on destroying the regime. He knows this is what history demands. They must not have any nuclear capabilities at all. And they must open the Strait of Hormuz. And if Iran won’t do it, we will do it for them. Mr. Trump knows this is about America First freedom. He’s not concerned about the midterm elections in my view, but he realizes that doing the right thing will be its own benefit. This is history.

This post was originally published here. 

A new public-private partnership in Central Texas solves for a common stumbling block for homebuilders, who face having to balance home price affordability with the public infrastructure investments their projects often require.

On Friday, the City of Buda, TX, located about 15 miles south of Austin, held a ribbon-cutting ceremony for a $7.6 million bridge that will link a new subdivision, The Colony at Cole Springs, with the city’s main commercial corridor.

M/I Homes and Meritage Homes, the two homebuilders involved with the 496-home master-planned community, each shared half the cost of the bridge, which will traverse over a creek that runs through the town.

Sush public-private partnerships aren’t new. Homebuilders and developers have partnered with cities for years to deliver roads, bridges and utilities that benefit longtime residents and newcomers alike. However, with builder margins and buyer affordability both already stretched thin, this kind of homebuilder-funded public investment can add an extra layer of complexity for homebuilders already navigating a tough market. 

Derek Baker, Austin Area President at M/I Homes, told HousingWire TBD that there’s no getting around this tradeoff. Infrastructure commitments and affordability work against each other on every project. The key is finding the sweet spot where the two can coexist at a price point the market can accommodate. 

“We’re trying to balance providing the benefits of improvements like a bridge and additional streets, while also providing affordable housing half a mile from downtown Buda. It’s really kind of a balance. Some things are required by the city, and some things we will do on our own. Every community is different,” Baker said.

Screenshot 2026-07-20 at 3.41.23 PM
The $7.6 million bridge will connect the Colony at Cole Springs with Buda’s downtown commercial core. (Photo courtesy of M/I Homes)

A deal years in the making

In Baker’s experience, early collaboration with city officials to understand what sort of public investments will be required is crucial, given that each city is different. By working together from the start and finding common goals, both sides can avoid surprises and create developments that enhance a community’s livability. 

“It’s important to get involved and have an open mind and an open dialog early on in the process, so there are no surprises later on,” Baker explained. 

The development agreement in Buda, finalized in 2020 after initial discussions began around 2018, required M/I Homes and Meritage Homes to help fund significant public amenities and infrastructure. In addition to the bridge, improvements included upgrades to a main road leading to the new subdivision, a new traffic signal and improved access to a local creek and parkland. 

The agreement also authorized the creation of a municipal utility district (MUD), which helped finance the project’s infrastructure and land reclamation costs through additional property taxes paid by residents. 

The infrastructure investment is part of a broader transportation and utility program designed to accommodate growth in the western portion of Buda. It upgraded undersized and flood-prone roads, and the new bridge provides an additional route for traffic from the roughly 500-home community, helping reduce congestion through downtown. The bridge also makes downtown accessible on foot in about 10 minutes and improves emergency access, with the city’s main fire station located nearby.

Bryan Crouch, Austin and San Antonio area manager at Meritage Homes, said the number of homes planned by the builders helped support the investment. 

“The scale of Colony at Cole Springs made this level of infrastructure investment possible. A nearly 500-home community allows partners to share costs and deliver meaningful improvements with a long-term vision while preserving affordability,” Crouch explained. 

For a growing city like Buda, public-private partnerships like this are crucial to the city’s growth. Buda City Manager Micah Grau, in an interview, said that the city worked with M/I Homes and Meritage Homes to ensure that the investments were financially feasible. 

“They’re accessing tax breaks and benefits through the city with the MUD bonds that they issue, and we also implemented a tax increment reinvestment zone where we’re kicking back 40% of property taxes from the project to help pay for the improvements,” Grau said. 

The partnership with the builders, Grau explained, was necessary for the city, which wouldn’t have been able to fund the project on its own. 

“We have a limited ability to take on major infrastructure projects. Most of our major projects have to be funded through a bond that our voters come and approve, and then that would take years of work. The partnership with the builders in this case allows them to move out on those projects quickly and get them built,” Grau said.

Ultimately, the bridge is intended to support existing small businesses and continued growth and expansion in the city’s downtown core.

“The [bridge] would not have happened without the development partnership,” Grau added. 

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NEW YORK — SpaceX shares closed Monday below the company’s $135 initial public offering price, leaving investors who purchased shares in the record-breaking debut facing losses for the first time since the company went public. The decline extends a sharp reversal from the extraordinary enthusiasm that followed the June listing and marks an important turning point for what had been the most celebrated stock market debut in U.S. history.

SpaceX entered the public markets in June through the largest initial public offering ever completed in the United States. Investor demand was overwhelming, with shares surging more than 60% during the first days of trading and briefly climbing above $220. The rally propelled the company’s valuation above $2 trillion and briefly pushed Elon Musk’s personal net worth to unprecedented levels.

That enthusiasm has since faded. Shares have steadily retreated over recent weeks, erasing much of the post-IPO surge and falling below the original offering price. While SpaceX remains among the world’s most valuable publicly traded companies, the decline highlights how quickly sentiment can shift after an exceptionally strong market debut.

The stock’s volatility has been amplified by the structure of the offering itself. Only a small percentage of the company’s total shares were made available to public investors, creating a limited trading float. With demand far exceeding supply during the opening weeks, relatively modest buying and selling activity produced unusually large price swings in both directions.

Investors are now placing greater emphasis on the company’s financial performance rather than the excitement surrounding its debut. SpaceX continues to dominate the commercial launch industry while rapidly expanding its Starlink satellite internet network, but it is also investing tens of billions of dollars into next-generation spacecraft, satellite infrastructure and future space technologies that may take years to generate meaningful returns.

Wall Street is also watching the approaching expiration of insider lockup restrictions. Once those restrictions end, early investors and employees will be permitted to sell shares, increasing the supply of stock available to the market. Historically, many newly public companies experience heightened volatility around lockup expirations as investors evaluate whether insiders choose to hold or reduce their positions.

The company’s performance carries significance well beyond its own shareholders. SpaceX’s blockbuster debut was widely viewed as reopening the market for large technology IPOs after several cautious years. A number of highly valued private technology companies are reportedly preparing public offerings, making SpaceX an important barometer of investor appetite for future listings.

Despite the recent decline, analysts continue to point to several long-term growth drivers, including expansion of Starlink, increasing commercial launch demand, government contracts, and continued development of the Starship program. Those initiatives are expected to shape the company’s future earnings potential far more than short-term fluctuations in the share price.

For investors, however, the latest pullback serves as a reminder that even the most anticipated public offerings are not immune to market forces. Record-breaking IPOs can generate enormous excitement, but sustaining premium valuations ultimately depends on consistent execution, financial performance and long-term profitability rather than early trading momentum alone.

JBizNews Desk | New York

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U.S. President Donald Trump imposed an additional 50 percent tariff on some Canadian goods July 20, saying the country has discriminated against American dairy, alcohol, and auto exports.
“President Trump is taking action to hold Canada accountable for its continued discrimination against and unreasonable and unequal treatment of U.S. commerce that has burdened and disadvantaged hardworking Americans,” the White House said in a statement.
The tariffs take effect in 30 days.
This is a developing story. Check back for updates.
…

This post was originally published here. 

Lockheed Martin announced on Monday, July 20, that it is developing a lower-cost version of its Patriot interceptor designed to help the United States and allied nations rebuild rapidly shrinking missile inventories while significantly reducing procurement costs. The new PAC-3 Adapted Capability Effector (ACE) interceptor is expected to cost less than half the price of the current PAC-3 Missile Segment Enhancement (MSE) missile, according to company officials speaking ahead of the Farnborough International Airshow.

The announcement comes as governments around the world are dramatically increasing investments in air and missile defense. Military stockpiles have been depleted by years of heightened global tensions and the growing use of sophisticated drones, cruise missiles, and ballistic missiles. Defense manufacturers are now under increasing pressure not only to expand production but also to deliver systems that are affordable enough to sustain long-term procurement.

Unlike the PAC-3 MSE interceptor, which is designed to defeat advanced ballistic missile threats, the new ACE missile is intended for a broader range of missions, including defending against drones, cruise missiles, aircraft, and other lower-cost aerial threats. Military planners increasingly favor a layered defense strategy that matches the cost of the interceptor to the threat being engaged rather than relying on multi-million-dollar missiles for every incoming target.

Lockheed Martin said the new interceptor will remain fully compatible with existing Patriot launchers already deployed across the United States and dozens of allied countries. That compatibility allows militaries to expand missile inventories without replacing existing launch systems or investing in new infrastructure, reducing overall procurement costs while accelerating deployment.

The company expects the missile to enter production within approximately three years through an expanded manufacturing network involving both American and European suppliers. Increasing production capacity has become a priority across the defense industry as governments seek to replenish inventories while preparing for future security challenges.

The Patriot air defense system has become one of the world’s most sought-after military platforms, protecting military installations, critical infrastructure, airports, energy facilities, and civilian population centers. Orders have accelerated over the past several years as NATO members and allied governments increase defense budgets in response to evolving geopolitical risks.

For the defense industry, the ACE interceptor represents a shift toward balancing advanced capability with affordability. Modern conflicts have demonstrated that defending against large numbers of inexpensive drones and cruise missiles requires interceptors that can be produced quickly and at sustainable costs. Lower-priced interceptors also enable governments to maintain larger stockpiles without significantly increasing defense budgets.

The announcement carries important business implications for Lockheed Martin and its global supply chain. Expanding production while lowering unit costs could broaden international demand for Patriot systems, particularly among allies seeking enhanced air defense capabilities but facing budget constraints.

Investors will also be watching how quickly the company can move the ACE interceptor from development into production. If successful, the program could strengthen Lockheed Martin’s position in one of the fastest-growing segments of the global defense market while helping allied nations address one of the industry’s most pressing challenges—rebuilding missile inventories at a pace that matches rising demand.

JBizNews Desk | Farnborough, United Kingdom

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At least 20 people were killed in flash floods in northeastern Afghanistan on Monday, the Taliban-run government said.

The death toll was expected to rise, with 100 people still missing on Monday night.

Most of the damage was reported from Parun, the capital of Nuristan, the Taliban‘s National Disaster Management Authority said in a statement. At least 80 people were injured, according to the authority.

Taliban officials said Monday evening that they had launched a search and rescue operation in the remote province on the Afghan-Pakistani border. Rescuers feared “severe financial and human losses,” the National Disaster Management Authority said.

More rain in some areas, less in others

Afghanistan is among the nations most vulnerable to the impacts of climate change, which has made some parts of the country more drought-prone and exposed others to more rainfall.

Deforestation in Nuristan and other provinces has further worsened flash floods in recent decades by slowing rainwater absorption into the soil.

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Compass International Holdings has introduced AI Assistant, a conversational agent embedded across its new Home Platform that lets real estate professionals describe what they want to do and have the system complete tasks on their behalf, the company announced Monday.

The launch comes just weeks after Compass unveiled the Home Platform, its integrated operating system for agents. AI Assistant is designed to sit on top of that infrastructure and turn the platform into an intelligent, interactive workspace rather than a set of tools agents must learn to navigate, the firm said.

According to the company, AI Assistant has access to an agent’s core business data, including contacts, pipeline, marketing activity and upcoming tasks. That context allows it to deliver personalized daily briefings, highlight likely-to-sell opportunities and execute administrative work such as updating records and creating follow-ups.

“Instead of learning software, agents tell AI Assistant what they want to accomplish, and the Home Platform does the work,” Rory Golod, president of growth at Compass International Holdings, said in the announcement. “AI Assistant should feel like having a real assistant alongside you. The more administrative work we eliminate, the more time agents have to advise clients, negotiate great outcomes and focus on the work that matters most.”

Agents can use AI Assistant while driving between appointments or preparing for a listing presentation, Compass said. The tool can update client records, draft follow-up emails, create saved searches, manage transactions, surface upcoming occasions such as home anniversaries and birthdays and schedule reminders, without requiring users to switch between multiple applications.

“Software has always required agents to learn how it works. Our vision is the opposite. Technology should understand how agents work,” Shay Artzi, chief technology officer of Compass International Holdings, said. “AI Assistant is another step toward a future where the platform manages repetitive tasks so agents can focus on building relationships and advising clients.”

The release of AI Assistant comes as brokerages and software vendors race to embed generative AI into agent workflows. Most offerings to date have focused on tasks like property descriptions, email drafts or market reports. Compass is positioning AI Assistant as a broader orchestration layer that can initiate and complete workflows by tying together data and tools already inside the Home Platform.

As for the Home Platform, Compass said it is rolling out across company-owned and operated brands this year, with franchisees and affiliates slated to gain access in 2027. That staged deployment will determine how well the AI Assistant scales across different markets and operating models.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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NEW YORK — U.S. stocks closed lower Monday, July 20, as investors weighed a rebound in semiconductor shares against mounting concerns over higher oil prices, rising Treasury yields, and one of the most important weeks of corporate earnings this year. Today’s trading was driven less by economic data than by positioning ahead of major technology earnings and growing fears that geopolitical tensions could reignite inflation. 

The Dow Jones Industrial Average fell 307.16 points (0.59%) to 51,839.26, while the S&P 500 declined 0.20% to 7,443.28. The Nasdaq Composite slipped just 0.1% to 25,508.07, outperforming thanks to a rebound in semiconductor stocks. The Russell 2000 lost 0.7%, reflecting continued weakness in smaller companies. 

The biggest force hanging over markets remained energy prices. Brent crude briefly traded above $90 a barrel before easing, while U.S. crude also remained elevated as traders continued pricing in the risk of disruptions to global oil supplies from tensions surrounding the Strait of Hormuz. Investors fear sustained higher energy prices could reverse recent progress on inflation, pressure consumer spending, and force the Federal Reserve to keep interest rates higher for longer. 

Higher oil prices immediately spilled into the bond market. The yield on the benchmark 10-year U.S. Treasury climbed to roughly 4.60%, increasing borrowing costs throughout the economy. Rising yields typically reduce the appeal of high-growth stocks because future earnings become less valuable when discounted at higher interest rates. Interest-rate-sensitive sectors including utilities, real estate and smaller companies came under renewed pressure. 

Technology shares, however, showed signs of stabilizing after last week’s sharp AI-driven selloff. Semiconductor companies recovered part of their recent losses, helping limit declines in the Nasdaq. Investors viewed the move as selective bargain hunting rather than a broad return to risk, with many portfolio managers choosing to wait for earnings before making larger commitments. 

Corporate earnings are now the market’s primary catalyst. This week brings quarterly reports from several of America’s largest companies, including Alphabet, Tesla, Intel, IBM, General Motors, AT&T, and American Express. Investors will closely examine spending on artificial intelligence, cloud computing, digital advertising, consumer demand, and corporate outlooks. The results are expected to determine whether this year’s AI-led rally resumes or broadens into a wider market correction. 

Market breadth painted a weaker picture than the major indexes suggested. Declining stocks outnumbered advancing issues across much of the session, indicating that investors continued rotating toward defensive areas rather than broadly buying equities. Energy remained among the strongest-performing sectors, while many cyclical industries struggled under the weight of higher borrowing costs and inflation concerns. 

Currency markets also reflected the shift toward caution. The U.S. dollar strengthened as investors sought safer assets amid geopolitical uncertainty and higher Treasury yields. A stronger dollar can reduce the overseas earnings of multinational companies while making imports cheaper for American consumers. 

For businesses and households, today’s market action reinforces several risks developing simultaneously. Higher crude oil prices threaten to raise gasoline, transportation and manufacturing costs. Rising Treasury yields increase borrowing expenses for mortgages, auto loans, credit cards and commercial financing. If those trends continue, inflation could remain elevated longer than expected, delaying potential Federal Reserve interest-rate cuts and weighing on economic growth.

Investors now enter the remainder of the week focused on five key themes: whether oil remains above the $90 level, whether Treasury yields continue climbing, the outlook provided by Big Tech earnings, any further escalation in Middle East tensions, and signs that corporate America is maintaining spending despite higher financing costs. Together, those factors are likely to determine Wall Street’s direction over the coming weeks. 

JBizNews Desk | New York

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WASHINGTON — Federal health officials said Monday they remain focused on lettuce from Taylor Farms as the source of a multistate outbreak of a diarrhea-causing parasite, despite inaccurate test results that the government briefly publicized over the weekend.

Food and Drug Administration officials on Monday said a laboratory test incorrectly identified a positive result for cyclospora on a sample of lettuce from Taylor Farms. The FDA posted the finding to its website on Saturday but then said Sunday that the result had been a false positive.

Read the rest…

This post was originally published here. 

New Zealand’s latest official meat export figures released this week show beef shipments to the United States have surged approximately 60% compared with the same period last year, as American importers continue filling a widening supply gap created by the smallest U.S. cattle herd in more than 70 years. The sharp increase underscores how prolonged herd reductions across the United States are reshaping global beef trade, with New Zealand emerging as one of the largest beneficiaries of sustained American demand.

The growth reflects a structural challenge facing the U.S. beef industry rather than a temporary market fluctuation. Years of severe drought across major cattle-producing states, combined with higher feed costs, labor shortages and elevated financing expenses, prompted ranchers to reduce breeding herds. Although weather conditions have improved in several regions, rebuilding the national cattle inventory requires retaining breeding cows instead of sending them to market, a process that typically takes several years before beef production begins to recover.

As domestic supplies tightened, beef prices climbed throughout the supply chain. Meat processors, grocery retailers and restaurant operators have increasingly turned to imported lean beef to maintain production. New Zealand’s grass-fed beef is particularly valuable because it is blended with higher-fat American beef to produce ground beef used by supermarkets, food manufacturers and restaurant chains across the country.

Industry analysts say American demand has remained remarkably resilient despite higher prices. Consumers have continued purchasing beef even as grocery bills increased, forcing processors to compete aggressively for limited domestic supplies while expanding purchases from overseas suppliers. The result has been one of the strongest import markets New Zealand exporters have seen in years.

The United States has now become one of New Zealand’s most important beef export destinations by value. Exporters have increasingly redirected shipments toward North America as demand from some Asian markets has moderated. The ability to diversify sales into higher-value markets has helped offset slower purchasing elsewhere while providing stronger returns for New Zealand’s agricultural sector.

The changing trade flows also illustrate how interconnected global food markets have become. A production shortfall in one of the world’s largest beef-producing nations can quickly alter export patterns thousands of miles away. While the United States remains a major beef producer, its current cattle shortage has created opportunities for countries capable of supplying lean manufacturing beef needed by American processors.

Australia has likewise benefited from the favorable market after rebuilding its cattle herd over recent years, increasing competition among exporters while helping satisfy growing U.S. import demand. Together, Australia and New Zealand now account for a substantial share of imported lean beef entering the American market.

Despite stronger imports, analysts do not expect U.S. beef prices to decline significantly in the near term. Herd rebuilding remains gradual, and producers continue balancing higher operating costs with uncertainty over future market conditions. Until domestic cattle inventories recover, imported beef is expected to remain an essential component of America’s food supply.

For New Zealand farmers, the current environment offers significant export opportunities but also highlights the importance of maintaining access to global markets. Exchange rates, international trade policies and shifting consumer demand will continue influencing profitability, but current conditions suggest North American demand should remain strong for the foreseeable future.

Economists expect imports to stay elevated over the next several years unless U.S. ranchers dramatically accelerate herd expansion. Even under optimistic scenarios, rebuilding America’s cattle inventory will require time, meaning overseas suppliers are likely to remain critical partners in meeting consumer demand.

The latest export figures demonstrate that today’s beef market is increasingly global. Decisions made by ranchers in Texas, Nebraska and Kansas are directly influencing producers in New Zealand, while American consumers continue relying on international suppliers to keep supermarket shelves stocked. Until domestic production rebounds, New Zealand appears well positioned to remain one of the principal beneficiaries of America’s historic cattle shortage.

JBizNews Desk | Wellington, New Zealand

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The U.S. government has bought back almost $200 billion in debt this year, according to an Epoch Times review of Treasury Department data.
A Treasury debt buyback occurs when the federal government repurchases its outstanding bonds before maturity, removing older securities from circulation and issuing new debt in their place.
The approach may seem counterintuitive, since a sizable share of current debt was issued at historically low interest rates, and new debt is being issued at today’s higher rates.
But the Treasury’s strategy is twofold: to smooth maturity profiles to mitigate future refinancing spikes and to improve liquidity in the bond market….

This post was originally published here. 

COLUMBIA, S.C. — Senator Darline Graham announced Monday, July 20, that she will seek a full six-year term in the U.S. Senate after being appointed to temporarily fill the seat left vacant by the death of her brother, Senator Lindsey Graham. The announcement follows the opening of South Carolina’s special election process and immediately reshapes one of the nation’s highest-profile Republican primaries. 

Speaking during an appearance on Fox News’ Hannity, Graham ended days of speculation by declaring, “I’m in,” saying she had spent time in prayer and consultation with her family before deciding to continue her brother’s public service. She acknowledged the weight of succeeding one of South Carolina’s longest-serving senators but said she believes she is prepared for the responsibility. 

Governor Henry McMaster appointed Graham earlier this month to serve on an interim basis following Senator Lindsey Graham’s passing. At the time of her appointment, political observers widely expected her to act as a caretaker until voters selected a permanent successor. Her decision to run now transforms the race into a competitive Republican contest with national implications. 

President Donald Trump has already endorsed Graham’s candidacy, urging her to enter the race and praising her commitment to continuing her brother’s legacy. His endorsement is expected to play a significant role among Republican primary voters, although several well-known conservatives have already launched campaigns of their own.

Among the leading Republican candidates are U.S. Representatives Ralph Norman and Russell Fry, both of whom have established statewide political organizations and are expected to mount well-funded campaigns. Additional candidates could still enter before the filing deadline closes, setting the stage for an intense primary campaign over the coming weeks. 

The Republican primary is scheduled for August 11, with the winner advancing to the general election against Democratic nominee Annie Andrews. Because South Carolina has remained one of the nation’s strongest Republican states in federal elections, political analysts expect the GOP primary to be the decisive contest.

Beyond the political implications, the race carries unusual emotional significance. Lindsey Graham served South Carolina in the U.S. Senate for more than two decades and was one of the most influential Republican voices on national security, foreign affairs, judicial confirmations, and defense policy. His sudden passing created one of the most closely watched vacancies in Washington this year.

Darline Graham has emphasized that while no one can replace her brother, she hopes to continue serving South Carolina with the same commitment to national security, economic growth, and constituent service. Her announcement comes as Republicans work to preserve their Senate majority ahead of the 2026 midterm elections.

Campaign fundraising, endorsements, and candidate debates are expected to accelerate rapidly as the filing period concludes, making the South Carolina Senate race one of the marquee contests to watch throughout the summer.

JBizNews Desk | Columbia, South Carolina

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Hundreds of haredi (ultra-Orthodox) demonstrators protested outside Military Prison 10 in Beit Lid on Monday over the arrest of a draft dodger, N12 News reported.

According to N12, the protesters belong to the Gur Hassidic sect, as well as the arrested draft dodger, with the Gur Rebbe in attendance at the demonstration.

200 buses from across the country are expected to arrive in the area with thousands of additional demonstrators, the report cited the Gur community as saying.

Footage of the protests published by N12 showed several rioters attempting to tear down a fence outside the prison, despite calls from the Gur community for demonstrators to avoid violence.

Police initially attempted to prevent the demonstrators from approaching the fence, but eventually relented and opened the gate.

United Torah Judaism chairman MK Yitzhak Goldknopf also attended the demonstration and addressed protesters with a microphone.

The arrested hassidic man had earlier arrived at a draft office to arrange an exemption from service before being sentenced to 20 days in prison, according to the report.

Site of several protests

Military Prison 10 has been the site of several recent haredi protests against the arrest of draft dodgers, with the most recent demonstration taking place on July 9.

At the time, haredi protesters clashed with IDF soldiers outside the prison, with the military describing the protesters’ conduct as “violent.”

In addition, the protesters entered a restricted military area before being forcibly removed, according to the IDF.

The July 9 protest followed a similar demonstration on June 22, when demonstrators swarmed the prison’s entrance, with IDF soldiers attempting to maintain order as protesters shouted and attempted to push aside metal barricades, the military noted.

This post was originally published on here. 

US Senator Darline Graham said she plans to run for a full term to replace her brother, Lindsey, who recently died after serving two decades in the US Senate.

“I have been praying a lot, talking to my family … I feel like I can do it. I feel an inner peace about it. Will it be difficult? Yes. Absolutely,” Graham told Fox News’ ‘Hannity’ program in a clip released on Monday.

Her announcement comes days after US President Donald Trump asked her to run for the US Senate in a ​special Republican primary in South Carolina on ​August 11.

Graham was appointed to ⁠fill her brother’s vacant Senate seat until the first week of January.

US Representative Ralph Norman, a South Carolina Republican, said on Saturday he will seek to replace Lindsey Graham in the Senate.

This is a developing story.

This post was originally published on here. 

National Security Minister Itamar Ben-Gvir has failed to restore governance and is contributing to the growth of “Arab autonomy” in the Negev and Galilee, while the next government must exclude ultra-Orthodox and Arab parties, Reservists Party chairman Cmdr. (res.) Yoaz Hendel said in an interview with 103FM on Thursday.

“This is Jewish weakness,” Hendel said. “I think that Ben-Gvir, over the past three years, has damaged the governance of the State of Israel.” 

“Setting aside the fact that he did not serve in the army, and setting aside the fact that he says, ‘I love soldiers,’ but harms us when he encourages draft dodging,” he continued. “In the end, he had one mission: to restore governance to the State of Israel. That is why he was elected, that is what he talked about, that is where he got his TikTok videos from. Every time he says ‘governance,’ there is less governance in the State of Israel.”

Hendel warned that the consequences of Ben-Gvir’s tenure could be severe.

“One of my biggest fears, maybe the biggest threat, is not the northern border and Gaza. My biggest fear is that the State of Israel will break up into ‘Arab autonomies’ in the Negev and the Galilee where there is no law and order, and ultra-Orthodox shtetls where ‘we are the rule of the infidels,’” said Hendel. “We brought the Jews out of exile, but not the exile out of the Jews.”

“Ben-Gvir, with his own hands and through his actions, is nurturing the Arab autonomies,” Hendel continued. “He is nurturing this. He has a total inability to produce results. I think he did good things in the prisons, but when it comes to governance, we are in a much worse situation. Under the cover of the war, we were supposed to have much fewer weapons in the Arab sector and much more control.”

Although Hendel did not rule out joining a coalition with Otzma Yehudit and Ben-Gvir, he sharply criticized the ministry’s performance and Ben-Gvir’s abilities.

Hendel addresses enlistment issue

Later, Hendel addressed the enlistment issue and expressed his appreciation for those serving in the military.

“I love this people, this country. I am coming to this election campaign from reserve duty, from a place that is a nature reserve, a place with the best people in the State of Israel. I see the citizens who contribute,” said Hendel.

“That is why I say that none of these crazy laws, which in my opinion are an insane failure of vision, should pass while the state encourages draft evasion and people like me, at draft-exemption age, have to do reserve duty again and again because there is no other choice,” he added. “We are proud to serve the state, proud to defend it, because there is no other choice.”

Hendel also criticized elected officials for avoiding blame and refusing to take responsibility.

“This method of always saying, ‘Ah, they are not okay,’ leads nowhere. Anyone who wants to look for those responsible should come to me,” emphasized Hendel. “I am responsible for everything. I am willing to take responsibility for everything. I understand that in politics you do not say, ‘I am responsible.’” 

“Those words do not exist, and because I was in politics three times, and for four years a civilian, those words are very significant to me,” he noted. “Therefore, because I have been responsible since October 7, I am fighting to defend the home, and I am entering political life again, which I cannot express how much I think is miserable and tainted by bad feelings and bad people.”

“I am doing it because of hope and because I believe we need to bring a new generation of leaders, people who were there on October 7 and have since been carrying the state on their shoulders,” Hendel added.

Turning to politics, Hendel discussed the political support he believes the Reservists Party can mobilize and outlined his vision for the next government.

“Our voter base is 300,000 people like me, people on the right who look at this government, which supports draft evasion and does not decide on the battlefield,” he said.

‘We will not sit with ultra-Orthodox or Arab parties’

“In the government, they say that even if they call themselves right-wing, it is not right-wing and it is not even Zionist. It is sitting with non-Zionist parties and passing non-Zionist laws. We will not sit with ultra-Orthodox or Arab parties, not because we are against the populations, but because we simply understand that when you sit with non-Zionist parties, you cannot make Zionist decisions.”

Hendel added that he did not believe any coalition working with non-Zionist parties could achieve the results he intended.

“We must not allow 61 seats, with Bibi and the ultra-Orthodox once again taking over all the important assets of this country, and there must also not be a government with Arab parties. It will not work, just won’t work.

“I saw Mansour Abbas in the first operation in which he was part of the coalition, and he simply froze his participation. We understand that tectonic changes are needed in the State of Israel. Hili, I, and the rest of the group made a decision that we do not talk about people, but about principles. Our red line is first of all a Zionist government. That leaves the mathematics of politics, 90 seats from which the government has to be assembled.”

This post was originally published on here. 

It’s Monday and the Iran conflict looks like it will hit its 10th day straight of renewed missile and drone attacks. Oil prices are up a smidge today and the question now is: how much higher can mortgage rates go with so much already priced into the markets? 

10-year yield and mortgage rates

In the 2026 HousingWire forecast, I anticipated the following ranges:

  • Mortgage rates between 5.75% and 6.75%
  • The 10-year yield fluctuating between 3.80% and 4.60%

When I do a yearly forecast range, it is created to encompass a lot of variables, including the 10-year yield, mortgage rates and spreads. I believe 65%-75% of the slow dance between the 10-year yield and mortgage rates is Fed policy.

Because mortgage spreads have improved, my forecast didn’t have rates above 6.75% for 2026. We entered the year with two or three rate cuts priced in, and the 10-year yield was acting in line with that premise. 

Then we started the conflict with Iran in February, which gave us a new variable. Now we have to look at what happens if the Iran conflict continues for many more months.

The 10-year yield and 30-year mortgage rate have mostly stayed in their range all year, but a prolonged conflict should change the calculus because the bond market doesn’t like this conflict. As I am writing this article today, the 10-year yield is at 4.60% after the news of the weekend and this morning, even though oil prices currently are roughly at $82, not even above $100.

chart visualization

Worst-case situation for now

Even if the conflict ended today, I believe the base pricing for the 10-year yield should be between 4.46%-4.48%. This accounts for the labor market improving, inflation above target and Fed rate hikes in play now versus cuts. Also, the base level for mortgage rates should be between 6.50%-6.75%. This range has stuck during all the drama we have had to deal with.

Now, for the good news: mortgage spreads are much better now than in previous years. If we were in 2023, 2024 or 2025 with the 10-year yield at this level, mortgage rates would already be above 7%, and (in 2023) closer to 8% today. This is the main reason I believe it has been hard to get mortgage rates over 7%.

chart visualization

My peak mortgage rate forecast of 6.75% is now at risk with the conflict in its 2.0 phase, a stable labor market and Fed hawks talking a lot about rate hikes. However, assuming the Fed gets more hawkish and economic data outperforms, I can still only go 0.375%-0.4375% higher from my peak forecast of 6.75%, because so much is already priced into bonds and mortgage rates already. Getting over 6.75% even in this environment would require more variables to stay constant or grow, so on the high end rates still shouldn’t go over 7.25%.

Conclusion

I know some people were very hopeful that as oil prices headed lower, below $70, mortgage rates would go much lower, but they never broke under 6.50%. However, a lot has to go negative for rates to go higher than 6.75%. Even with that, I believe the upside is somewhat limited, unless the Fed really gets more hawkish than anyone else believes today, which would mean more than three rate hikes and the job market kickinging into another gear, with wage growth heading over 4%.

This post was originally published on here. 

AD Mortgage has launched a public policy initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the Federal Housing Finance Agency regarding condominium financing.

The initiative has already taken off running. In a July 1 policy letter addressed to Bill Pulte, director of the FHFA, AD Mortgage outlined concerns about upcoming changes to condominium project eligibility requirements for loans purchased by Fannie Mae and Freddie Mac.

According to AD’s press release, “the submission follows a recent meeting between AD Mortgage leadership and FHFA officials focused on housing affordability, condominium financing, and other emerging issues in the residential mortgage market.”

AD Mortgage’s initiative and letter dovetail with previously addressed concerns by those in the housing space. Several industry talking heads are worried that the changes could increase monthly association dues and make it more difficult for some borrowers and condominium projects to qualify for financing.

Corey Chubner, AD Mortgage’s senior vice president of government affairs and investor relationships, told HousingWire in an interview that the goal of the initiative is to be a “collaborative partner” to policymakers.

“We had a great meeting with FHFA back in the middle of June of this year, and we discussed, amongst other things, the changes to the condo guidelines and the sunset of the limited review process and the update to the reserve requirements from 10% to 15%, and we expressed our concerns that it may squeeze what would otherwise be very creditworthy borrowers outside of the conventional financing that would be afforded to them otherwise,” Chubner said.

The company said its recommendations are supported by proprietary lending data showing the importance of the Enterprises’ Limited Review process for conventional condominium loans, particularly in Florida.

“It wasn’t our goal to demand that they delay or revoke the changes, but it was to provide insight, and we have access to an abundance of data, and I think it’s our responsibility as partners with FHFA, with Fannie, with Freddie, to share some of that data and show the real-world implications,” Chubner added. “The hope is that there’s a dialog.”

According to AD Mortgage, more than 750 Florida condominium loans it originated since 2021 used the Limited Review process, representing 53% of its conventional condominium originations in the state during that period.

“AD Mortgage supports prudent project eligibility standards and shares FHFA’s objective of promoting sustainable homeownership and long-term project stability,” the letter said. “At the same time, we are concerned that the combined effect of eliminating Limited Review and increasing reserve funding requirements may materially reduce access to Enterprise-backed financing for otherwise creditworthy borrowers.”

The lender also said about 30% of condominium projects it manually reviewed had reserve funding below the new 15% threshold established under updated Fannie Mae and Freddie Mac guidelines. AD Mortgage is urging the FHFA to monitor how the revised standards affect borrower access to conventional financing and consider future adjustments if data shows the changes reduce credit availability.

Chubner told HousingWire that the letter has not yet gotten a response from Pulte.

“Our objective is simple: bring practical market experience and real-world lending data into policy discussions,” Chubner said in a statement. “The mortgage industry has an important responsibility to help policymakers understand how regulatory changes affect borrowers.”

The letter also addressed the Florida-headquartered company’s concerns about statewide impact.

“In Florida, it’s unique as compared to most of the rest of the country when it comes to their housing stock because it is so condo concentrated that it will have a disproportionate impact,” Chubner said. “We’re headquartered in Fort Lauderdale, so we really have our finger on the pulse of the homeownership community, the community in Florida. We want to make sure that those potential homeowners aren’t being squeezed out of the opportunity to get into what could be a first-time home.”

This post was originally published on here. 

OTTAWA — Canada’s annual inflation rate slowed more than economists expected in June, providing the strongest indication in months that price pressures are beginning to moderate despite continued global economic uncertainty. Statistics Canada reported Monday, July 20, that the Consumer Price Index rose 2.8% from a year earlier, down from 3.2% in May, as a sharp decline in gasoline prices offset continued increases in food, transportation and other household expenses.

The report arrives at a critical time for financial markets, businesses and policymakers as investors evaluate whether the Bank of Canada will need to raise interest rates again later this year. The softer-than-expected inflation reading immediately reduced expectations of additional monetary tightening and was welcomed by businesses facing elevated borrowing costs.

On a monthly basis, consumer prices declined 0.4%, a larger decrease than economists had forecast. The primary driver was gasoline, where prices fell sharply during June as crude oil markets stabilized following a temporary easing of geopolitical tensions. Although energy prices remain significantly above year-ago levels, the monthly decline helped pull headline inflation lower.

Excluding gasoline, inflation held at 2.2%, indicating that underlying price pressures remained relatively contained. While consumers continue paying more for many everyday necessities, the broad pace of inflation is slowing closer to the Bank of Canada’s long-term objective.

Food prices remained one of the largest burdens on household budgets. Grocery prices increased approximately 3.9% from a year earlier, continuing a trend in which supermarket costs have consistently risen faster than overall inflation. Higher prices for fresh produce, meat and prepared foods continued squeezing disposable income for many families.

Transportation expenses also remained elevated despite cheaper gasoline during the month. Insurance costs, vehicle ownership expenses and public transportation continued contributing to higher consumer spending.

The report’s underlying inflation measures provided additional encouragement for policymakers. The Bank of Canada’s preferred core inflation indicators moved below the central bank’s 2% target, suggesting inflationary pressures are becoming less widespread throughout the economy rather than accelerating across multiple sectors.

Those figures are particularly important because central bankers place greater emphasis on core inflation than on temporary swings in energy prices. Lower core inflation suggests demand throughout the economy is cooling, reducing the likelihood that additional interest-rate increases will be necessary.

The Bank of Canada, which left its benchmark overnight lending rate unchanged at 2.25% during its most recent policy meeting, has emphasized that future decisions will depend heavily on incoming inflation data. Monday’s report strengthens the case for policymakers to remain on hold while monitoring developments in global energy markets.

Financial markets quickly adjusted following the release. Canadian government bond yields moved lower, while the Canadian dollar weakened modestly against the U.S. dollar as traders reduced expectations for another rate increase this year.

Lower interest-rate expectations could benefit mortgage borrowers, homebuyers and businesses seeking financing for expansion. Companies that postponed investment because of higher borrowing costs may gain greater confidence if inflation continues easing and monetary policy remains stable.

However, economists caution that inflation risks have not disappeared.

Oil prices have moved higher again during July as tensions in the Middle East continue raising concerns about global energy supplies and shipping through the Strait of Hormuz. A sustained increase in crude oil prices could once again raise transportation, manufacturing and distribution costs across Canada and renew upward pressure on consumer prices.

For businesses, the report offers cautious optimism rather than a declaration of victory over inflation. While headline inflation has slowed considerably from earlier highs, households continue facing elevated costs for food, housing and many essential services.

For consumers, the latest figures suggest purchasing power may gradually improve if wage growth continues outpacing inflation. For businesses, moderating inflation and a more stable interest-rate environment could improve investment conditions and encourage hiring during the second half of the year.

The next several inflation reports will likely determine whether June marks the beginning of a sustained return toward the Bank of Canada’s 2% inflation target or merely a temporary pause before renewed energy-related price pressures emerge.

JBizNews Desk | Ottawa

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

Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from Newark, New Jersey, to an expanded facility in Chicago.

The company on Friday submitted a WARN filing with the state of New Jersey that indicated it will eliminate 307 jobs at its Newark headquarters by mid-October, which will end the company’s presence in the city.

The candymaker, which is a division of Mars Incorporated, has a brand portfolio including M&M’s, Snickers, Milky Way, Twix and Skittles.

The move comes after the company spent $100 million to expand its footprint in Chicago, where its global headquarters is now located.

CALIFORNIA LAWMAKERS WARN NEWSOM BUDGET TAX CREDIT CAP THREATENS HOLLYWOOD JOBS

The New Jersey Business & Industry Association (NJBIA) said the news of another departure of a high-profile company comes as another warning sign that the state needs to improve its business climate.

“On a summer Friday when people should be getting excited about the weekend ahead, we are instead hit with the news of another unfortunate exodus of a job creator in New Jersey,” said NJBIA CEO Michele Siekerka.

“We need to wrap our arms around this and do something now that sends a message to our largest employers that things are going to change so we can stop this disturbing trend,” Siekerka added.

FOX Business reached out to Mars Wrigley for comment.

BELOVED CANDY COMPANY SHUTTERS AFTER 141 YEARS AS COSTS SOAR

Mars Wrigley has indicated it will continue to operate its manufacturing facility in Hackettstown, New Jersey, despite shifting corporate operations to Chicago.

Mars Inc. acquired Chicago-based gum-maker Wrigley in 2008 and has grown its presence in the area recently following the acquisition last year of Kellanova, a Chicago-headquartered maker of snack foods like Pringles and Cheez-It that was spun off from Kellogg.

NJBIA noted that New Jersey has lost over 9,700 jobs disclosed through WARN notices this year alone, and it comes against the backdrop of other high-profile corporate departures.

AI REMAINS TOP REASON FOR US JOB CUTS FOR THIRD STRAIGHT MONTH AS EMPLOYERS AXED 97,000 WORKERS IN MAY

In June, Samsung announced it would relocate its corporate headquarters from Englewood Cliffs, New Jersey, to Texas this year.

Additionally, ExxonMobil shareholders voted to switch the energy giant’s state of incorporation from the Garden State, where it has been domiciled for 144 years when it began as Standard Oil of New Jersey, to Texas.

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The Democrats Party finalized its Knesset slate on Monday after more than 97,000 of its registered members voted in internal primaries to determine which candidates would be on the party’s list ahead of the upcoming elections.

Party chairperson Yair Golan remained in first place. Current Democrats MK Naama Lazimi secured the second slot on the list. She was followed by fellow Democrats MKs Gilad Kariv in third place and MK Efrat Rayten in fourth.

The fifth through tenth slots went to social and political activist Yaya Fink, former Meretz MK Gaby Lasky, social activist and reservist Omri Ronen, former Meretz MK Michal Rozin, judicial reform protest leader Moshe Radman, and Arab Israeli activist Soumaya Bashir. 

The voting reached an 86% turnout, the party said after the primaries were held. The large group of 112,000 of its registered members was eligible to cast votes virtually for candidates throughout the day.

The left-wing Democrats are one of the core parties in the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu in the elections, set for October 27. The party was established in 2024 by the merging of the Labor and Meretz parties. Golan was selected at the time to lead the party.

Voting opened for registered members at 9:00 a.m. By the afternoon, the party stated that approximately 63% of its members, which totaled 70,834 people, had already cast their votes to select the slate.

“The high turnout demonstrates that the value of intra-party democracy is strong and stable,” the Democrats stated.
 
Parties are not required to hold primaries in Israel, and only a few do so. 

Each registered member of the party was permitted to vote for between six and eight candidates out of the 51 contenders competing for spots on the Democrats’ slate.

The Democrats said the list would incorporate gender parity through a zipper system alternating between women and men, while also guaranteeing representation for Meretz representatives, the rural sector, and minority communities. The party described the slate as reflecting a broad cross-section of Israeli society.

Democrats party features IDF officers, Arabs, LGBTQ+ members

The candidates included 17 leaders involved in protest movements and public activism, 12 former IDF officers, 11 candidates with backgrounds in the civil service, 19 women, nine candidates under the age of 45, eight former Knesset members, four candidates from the Arab community, three from the Druze community, and two members of the LGBTQ+ community.

Kariv opened the day at Hostages Square in Tel Aviv, where he spoke about Democrats party members who had demonstrated there throughout the Israel-Hamas war, calling for a deal to secure the release of the hostages held captive by Hamas after the October 7, 2023, attacks.

“We are bringing the protest into government. We carried out a heroic protest; now we will bring about a historic change,” Kariv added.

He and Lazimi also criticized Netanyahu’s recent attempts to change the Likud party’s system for primaries to allow the premier to have more control over who is in the top spots of the list. There have also been reports that Netanyahu has been considering canceling the Likud primaries entirely.

“The recent reports of Netanyahu’s attempts to cancel the Likud primaries show that the Democrats are the true major democratic party in Israel,” Kariv said.

Golan said at the opening of the party’s primaries that they were “a celebration of Israel’s democracy.”

“This is the time for the public to go out and vote. Only a strong Democrats team in the Knesset and in the next government can save the country and restore to Israel the security, democracy, and hope that it so desperately needs,” the Democrats party leader added.

Democrats primary conducted digitally for first time

The party’s primaries were conducted virtually for the first time, with voting available via mobile phones and computers, through “a secure digital system” that will be open throughout the day.

The party noted more than 114,000 people have joined the Democrats in total, calling the recent wave of additions “an unprecedented democratic surge.” 

It is the highest membership the party has had since the 1990s.

This post was originally published on here. 

The Qatari-donated jet that serves as an Air Force One plane will receive upgrades and enhancements for about a month in the fall, White House press secretary Karoline Leavitt said on Monday.

“The new Air Force One is perfectly safe for the President’s travels, but will receive additional upgrades and enhancements in the fall, which will take approximately one month to complete. During that time, the President will fly on the old Air Force One,” Leavitt said in an emailed statement.

This is a developing story.

This post was originally published on here. 

The regime in Tehran fears its own people more than it fears American bombs. That single fact has been the key to Iranian strategy since this war began, and it should be the key to American strategy for ending it. 

So far, Washington has focused heavily on strikes against military targets and infrastructure and on economic pressure. Both matter, but neither is likely to topple the regime on its own.

Destroyed power plants and refineries can eventually produce popular anger, but that is a slow, indirect route to victory. The current approach gives the regime time to adapt, to blame outsiders, and to keep its grip on the streets. 

Targeting the regime where it is most vulnerable

If America wants a faster, more decisive path to victory, without a single American boot on the ground, there are five things it should do instead.

First, demand public proof of life of Mojtaba Khamenei. Since February 28, every statement attributed to the man now treated as Iran’s supreme leader has been a written text, never a video or even an audio recording. 

This is a sharp break from his father’s practice of frequently appearing on camera, including from hiding. This is not a security precaution; it’s a pattern that points to one conclusion: he is likely dead or incapacitated.
 
Every round of negotiation with Iran rests on the claim that “the supreme leader” must approve any deal. 

Washington should say plainly, and publicly, that it will not continue talks through any mediator until it receives verifiable proof that the man supposedly making these decisions is alive and functioning. 

The regime cannot produce that proof. And the resulting crisis of legitimacy, made visible to the Iranian public, would do more damage to the regime’s standing than another round of strikes on civilian infrastructure.

Second, give Israel a free hand to finish Hezbollah in Lebanon.

Hezbollah is not a Lebanese militia that happens to receive Iranian support; it is Iran’s foreign legion, the ground force of a regime whose army was never built for conventional deployment. 

Washington should say so explicitly, recognize the Lebanon front as part of the war against Iran, and let Israel dismantle Hezbollah both for Israel’s security and for Lebanon’s own future as a state at peace with its neighbors.

Third, call the Iranian people back into the streets, and protect them.

Trump should publicly urge Iranians to resume the protests that have repeatedly shaken this regime, paired with an announcement that Israel will provide drone cover over Iranian cities to shield demonstrators from the Basij and the Islamic Revolutionary Guard Corps (IRGC). 

Make clear that regime officials will be held personally responsible and personally targeted for any protesters killed.

Targeting the regime’s true source of power

Fourth, stop bombing infrastructure and start hunting the enforcers.

In the weeks before the ceasefire, Israel had already shifted tactics, striking Basij checkpoints and IRGC positions used to suppress demonstrations, rather than national infrastructure. 

That is the model to expand, not abandon. The regime will not fall because a power grid goes dark; it might, eventually, if people take to the streets over the resulting hardship, but that is the slow and uncertain route. 

Targeting the IRGC and Basij directly where they are, the men manning the checkpoints and running the crackdowns, is faster and more direct. 

It intimidates the enforcers into desertion and gives ordinary Iranians the space to protest without immediately facing the boot of the regime’s own security services.

Fifth, shut down Pakistan’s overland lifeline to Iran. 

Since the American blockade began, Pakistan has opened six overland trade routes into Iran, undercutting the sanctions regime that Washington claims to be enforcing. 

The US has known about these routes for months and said nothing. If it is serious about economic pressure, it should say publicly and forcefully that Islamabad must close them and call out Pakistan’s role in helping the regime survive.

None of this requires American troops on Iranian soil.

It requires a shift in focus: away from the assumption that enough physical destruction will eventually break the regime and toward the more precise and more honest recognition of what the regime actually fears, namely, its own people seeing it exposed as weak, illegitimate, and unable to protect its own enforcers. 

Proof of life of the supreme leader, a free hand for Israel against Hezbollah, protection for protesters, pressure on the IRGC instead of the power grid, and an end to Pakistan’s sanctions-busting trade routes – these are the fastest routes to the outcome everyone says they want: an Iran without this regime.

This post was originally published on here. 

In September 2025, Khalil Al Hayya was in Doha, Qatar, when an Israeli airstrike was carried out. “Senior Hamas official Hayya, targeted with others in an Israeli operation in Doha on Tuesday,” The National in the UAE noted at the time.

It also said he had been leading the group’s negotiations. “Hamas’s six-man leadership targeted in Doha by Israel,” the report said. Now reports say that he has been named the new head of the group’s political bureau, in essence replacing Yahya Sinwar.

Hayya is expected to play a key role going forward. Since he is not in Gaza, it will continue to mean that Hamas in Gaza will live in the shadows, in an opaque leadership style that benefits its ability to remain. Hamas has claimed it is ready to hand over governance.

By having its leaders abroad, it can claim it handed over control and still maintain power behind the scenes. Hayya will be key to this next step.

From Hamas founder to political bureau chief

Hayya is a member of the original Hamas generation. Born in 1960 in Gaza he grew up with other leader members of Hamas who lived in Gaza. The group formed in the 1980s due to the inspiration of the Muslim Brotherhood in Egypt. He joined the group when it was founded during the First Intifada in 1987.

He was detained by Israel in the 1990s and served three years in prison. He eventually became the deputy to Sinwar but left Gaza before October 7, 2023, and ended up in Doha with other Hamas heavyweights.

Before October 7 Hayya was already well known inside Hamas. He was also known in Israel. For instance, in November 2023 Khalil Hayya was 63 years old. At the time, he was running a communications office for Hamas and was a deputy to Sinwar.

“Hayya’s past includes a three-year stint in an Israeli prison, and he has survived multiple attempts on his life. These assassination attempts led to the death of nineteen of his family members. Currently, Hayya resides in Qatar,” Ynet noted at the time.

He appeared in semi-public events in Qatar in the past. For instance in August, 2024 he appeared at a mourning event for assassinated Hamas chief Ismail Haniyeh in Doha. Asharq al-Awsat noted that “Hayya has been widely seen as Hamas’ most influential figure abroad since Haniyeh’s death.

He is part of a five-man leadership council that has led Hamas since Yahya Sinwar’s death. Hailing from the Gaza Strip, he has lost several close relatives – including his eldest son – to Israeli strikes.”

Hayya has also claimed that Israel has been trying to assassinate him since at least 2007. Palestinian media has repeated this claim. Back in 2007, he claimed that Israel struck his house, “killing seven of his children and family members,” the Palestine Information Center claims.

“In 2014, Israel tried once again to assassinate him, failing, but spilling more of his family’s blood,” the report argues. It’s impossible to verify this. Clearly he has made the losses within his family a key part of his identity.

His son was killed in the 2014 war. TRT also claimed in 2025 that “in August, Israeli media reported that two of al Hayya’s nephews, Ayman Abd al Salam al Hayya and Mu’az Abd al Salam al Hayya, were killed in Gaza while cutting firewood in Gaza City’s Shejaiya neighborhood.”

Hayya’s role in Hamas negotiations and leadership

His narrative has been that he will continue the course of Haniyeh and Sinwar. This would mean endless war and Hamas continuing to try to rebuild. A 2025 article at The Dispatch noted that “Hayya has long held roles in Hamas’ leadership. He served as the group’s lead negotiator in the talks that followed the wars Hamas fought in 2012 and 2014 against Israel. He was the leader of Hamas’ parliamentary bloc in the Palestinian Legislative Council from 2006.

In 2017, Yahya Sinwar, then the leader of Hamas in the Gaza Strip, appointed Hayya as his deputy, and Hamas’ political bureau reelected Hayya for that role in 2021.” It goes on to note that he was involved in contacts with the Assad regime in 2022 to repair Hamas-Assad ties. The group left Syria in 2012.

The report added that “interestingly, Hayya’s role as hostage deal negotiator for Hamas is not a new one for him. He participated in the hostage negotiations after Hamas kidnapped Israeli soldier Gilad Shalit in 2006, and Israel subsequently traded 1,000 Palestinian prisoners for his release in 2011.

Hayya was hardly the only Hamas leader to say it, but he proclaimed that the Shalit deal proved that kidnapping works, and he promised more abduction.” He is educated, having received a doctorate in Sudan. He was involved in academic research for several years in the late 1990s. He also ran in Palestinian elections in 2006.

Hayya continues to support the October 7 massacre. In a 2025 interview shown on CGTN Europe it noted that “senior Hamas leader Khalil Hayya lauded the October 7 attack on Israel as a significant achievement, claiming it would be remembered with pride by future generations of Palestinians.” He also angered Egypt and Jordan by calling for their citizens to march toward Gaza.

What Hayya’s appointment could mean for Hamas

He has been widely seen as a candidate for top leadership for years. He was already a member of the triumvirate of leadership that emerged after Sinwar’s death. He worked alongside Hamas Shura Council chairman Mohammed Darwish, Zaher Jabarin, and Khaled Meshaal.

Considering his long background, it appears Hayya is not well placed to bring change to Hamas. In fact, it appears likely that he will seek to continue the same path that other leaders around him, some of them now deceased, have been doing for decades.

This post was originally published on here. 

Thousands of pro-Palestine protesters took to the streets of London on Saturday to demand new Prime Minister Andy Burnham take a harsher stance on Israel.

The National March for Palestine was organized by the Palestine Coalition ahead of Burnham’s entrance to Downing Street on Monday.

The Palestine Solidarity Campaign said the march “sent a powerful message to the next Prime Minister to stand up for Palestine and take all possible action to end Israel’s genocide.”

“If he wants to break with Starmer’s shameful legacy, he must start imposing wide-ranging sanctions against Israel including a full arms embargo, an end to military cooperation and diplomatic support, and a total ban on all trade that aids or assists Israel’s atrocities and violations of international law,” PSC continued.

The organizing groups also demanded Burnham reverse governmental restrictions on groups such as Palestine Action.

Protesters call for sanctions on Israel

Videos from the march showed hundreds of Palestinian and Iranian regime flags, along with posters calling for ‘Hands Off Iran’ and ‘Stop the Genocide.’ There were also chants of “babykillers,” “Zionists are not welcome here,” and “Israel is a terror state.”

In a particularly controversial display, one individual dressed in striped pajamas – reminiscent of those worn by Jewish prisoners in Auschwitz – held a poster that read,’ Netanyahu, why don’t you just gas us?’

A small group of Neturei Karta Jews also joined the protest, with posters claiming “Judaism condemns the state of Israel” and “Rabbis always opposed Zionism.”

Green Party deputy leader Mothin Ali warned Burnham: “We’re watching, we’re going to make sure that we keep you held to account. Mealy-mouthed words aren’t good enough.”

London’s Metropolitan Police confirmed that there were eight arrests for a range of offenses including assault and racially aggravated public order offenses.

Metropolitan Police make eight arrests

“As always, conspiracy-laden signs and banners littered London,” said Campaign Against Antisemitism.

“Zionist ‘control’ of British politicians was a common theme, with numerous public figures targeted. Accusing Jews of controlling politicians is an age-old trope. In 2026, just use the word ‘Zionist’ instead, and nothing will happen to you.”

“We would say that hate has no place on Britain’s streets, but clearly it does.”

Last week, Burnham told the Guardian that he was sorry for Labor’s initial response to Israel’s military action in Gaza, saying, “I know many people feel that at the start of Israel’s military action in Gaza my party didn’t get it right and I am sorry about that. The response has too often not been good enough. We need to do better.”

Burnham pledges tougher stance on Israel

He said that he would put more pressure on the Israeli government, including through further sanctions.

“We’ve got to do more to put pressure on the Israeli government… Yes, we have taken some important steps… But let’s be honest, the UK was too slow to call for a ceasefire. And we must now do more to strengthen our approach.”

This post was originally published on here. 

Prime Minister Benjamin Netanyahu will not be arrested if he visits the US, US President Donald Trump insisted in a post on Truth Social on Monday.

Netanyahu “is fighting against the Islamic Republic of Iran, which recently killed 52,000 innocent protestors, and has spent the last 47 years killing American soldiers, and others,” Trump said.

The only individuals who should be arrested, Trump added, are those who “led Iran into this unprecedented spiral of death and destruction.”

Trump was referring to comments made by NYC Mayor Zohran Mamdani, who told the New York Times that Netanyahu belongs in the Hague, and that he is investigating arresting the PM at the UN General Assembly in September.

In a separate post, Trump stated that for every US soldier killed, Iran will pay “many times over.”

“Every time Iran kills an American soldier, they will pay for that killing many times over,” he said.

Trump also stated that he has passed a directive to enforce his words onto US Secretary of Defense Pete Hegseth, US Chairman of the Joint Chiefs of Staff Gen. Dan Caine, and all US military leaders.

Three US service members killed in Iranian strikes since Friday

Three US service members have been killed, and one was declared missing as a result of Iranian drone and missile attacks on US bases in Jordan and Iraq since Friday.

On Sunday, US Central Command (CENTCOM) confirmed that one service member in Iraq was killed and another was injured during the controlled detonation of a downed Iranian explosive drone.

Two additional service members were killed, four were injured, and one was declared missing after Iran launched strikes against Jordan on Friday.

Trump initially described the deaths of the soldiers as a “shame” during a phone call with the New York Post on Saturday.

He claimed that they “died because they don’t want to see Iran have a nuclear weapon and they don’t want to see the Middle East blown up.”

Trump added that he planned to contact the families of the service members, telling the New York Post that he “always” does. 

This post was originally published on here. 

Jewish Hungarian chess legend Judit Polgar said on Monday that she will not accept the nomination for president, only a day after Prime Minister Peter Magyar said he would ask her to take up the largely ceremonial role.

Electing a new president and drafting a new constitution are key elements ​of Magyar’s plan to dismantle former premier Viktor Orban‘s bastions of power, for which Magyar says he received ‌a strong mandate from voters.

Magyar ended the 16-year rule of Orban’s nationalist Fidesz party with a landslide election victory in April.

On Saturday, Hungary’s former President Tamas Sulyok signed a constitutional amendment passed by Magyar’s ruling Tisza party, ending Sulyok’s term as head of state.

Magyar said on Sunday that he would ask Polgar, widely regarded as the greatest-ever female chess player, to serve as president until a new constitution is passed.

Polgar said in a Facebook post that she was grateful to be asked.

“However, I do not feel enough strength within me to take on the historic responsibility of uniting a divided nation, so I am unable to accept the request,” she wrote.

First female chess player in world’s top 10

Polgar, the subject of the documentary Queen of Chess released in February, is the only female player to have been ranked in the world’s top 10 in a male-dominated sport.

She is the only woman to have surpassed the 2700 rating, the threshold many consider the definition of a “Super Grandmaster.”

Hungary’s parliament will elect a new president who will serve until a planned new constitution takes effect, or for a maximum of five years.

“The president of the republic must be a person who guards the unity of the nation and constitutionality,” Magyar told parliament earlier on Monday.

This post was originally published on here. 

The president of the Jewish Community of Milan (Mosaico), Walker Meghnagi, has gravely condemned online forms urging people to report the presence of Israeli citizens and Italian Jews staying in Italian hotels and other tourist accommodations.

“I think we’re going back to the 1930s, to hunting Jews,” Meghnagi said.

The forms were removed following intervention by General Pasquale Angelosanto, Italy’s National Coordinator for the Fight Against Antisemitism.

The Google form that was circulated – before its removal – read: “This form is intended to record cases of Zionist tourism, property purchases, and, more generally, Zionist neo-colonization in Italy. The data collected will be received by the Global Sumud Movement and will remain protected and confidential. However, we ask you to provide a source so we can verify the information, coordinate possible initiatives, and support areas affected by the phenomenon.”

It then said: “The sole purpose is to map the spread of the phenomenon and its various forms.”

Form asks if groups were ‘manageing phenomenon’ of Jewish visitors

According to Italian paper La Repubblica, subsequent pages of the form asked respondents to report on locations where Jewish or Israeli visitors were seen, whether local organizations or activist groups were already “managing the phenomenon,” and other information.

The stated objective of the form was to map the phenomenon and coordinate unspecified future initiatives.

“What is happening today shows that there are unbalanced individuals out there, and if this kind of message spreads widely enough, you are certain to find someone willing to act on it,” Meghnagi said.

“For this reason, mapping where Jews are is extremely serious.”

The Jewish Community of Milan said it will not launch its own legal initiative but has already forwarded the questionnaire to the relevant authorities.

The Global Sumud Movement – infamous for coordinating flotillas to Gaza – denied any involvement with the forms when contacted by La Repubblica.

“Zionism is one of the issues we work on, but we do not hunt Jews, and we know nothing about this questionnaire,” it said. “We did not commission it and had not even seen it before it was taken offline. We only learned about it through the newspapers, and we reserve the right to take appropriate action, including issuing an official statement.”

‘Those responsible must not go unpunished,’ Deputy Secretary of State Alessandro Morelli says

Deputy Secretary of State Alessandro Morelli condemned the form as “abhorrent,” adding “those responsible must not go unpunished.”

“This is a deliberate campaign based on disinformation and propaganda that seeks to push society toward hatred and prejudice by literally pointing the finger at Jews and Zionists as the outcasts of our time,” Livia Ottolenghi, president of the Union of Italian Jewish Communities (UCEI), said.

“We are witnessing a new escalation of antisemitism that cannot be underestimated. This time, with an online form, we have arrived at new ‘yellow stars’: reporting and cataloging alleged ‘Zionist colonies’ in Italy, marking Jews, and insinuating dark conspiracies that simply do not exist. It is the culture of conspiracy theories that takes us back to the period before Italy’s 1938 racial laws.”

“The appearance online of a questionnaire designed to map and catalog Israeli citizens, businesses and hotels in our country is not an act of political criticism, but a form of intimidation that drags Italy back to the darkest periods of the twentieth century,” commented Davide Riccardo Romano, director of the Jewish Brigade Museum in Milan.

“History shows that when propaganda identifies a target and provides the coordinates to find it, violence ceases to be a possibility and becomes a certainty,” he added.

This post was originally published on here. 

We are not in a “normalizing” housing market. We are in an affordability crisis that has learned to wear a better suit. Inventory is up in some places. Days on market are longer. Sellers are a little less confident. A few price reductions are showing up. The fever has come down, but the patient is still on the floor.

That is not normalization.

That is the housing market catching its breath after sprinting uphill in boots. The problem is simple: America still does not have enough housing, and the housing we do build often does not land in the payment bands where working households actually live.

We can dress that up in economist language, consultant language, or planning-department language, but the math is still stubbornly Texan:

If the payment does not work, the deal does not work.

A price cut does not fix affordability if the mortgage payment still looks like it rode in from Highland Park wearing a silver belt buckle.

Nationally, the U.S. remains short millions of housing units by most serious estimates. That shortage did not disappear because a seller in a hot submarket finally accepted reality. It did not disappear because inventory moved from “completely absurd” to “less absurd.” And it certainly did not disappear because a buyer got a $15,000 concession on a house that is still $150,000 beyond the family budget.

Texas as a proxy for new-home market health

There is a difference between a cooler market and a healthy market. Texas understands this better than most places because Texas is where the growth keeps showing up whether the planning memo is ready or not. People move here. Companies expand here. Payroll jobs swell here. Families form here. Capital comes here. Trucks keep rolling down I-35, I-20, I-30, and every road the rest of the country recently discovered and now wants to complain about.

Growth is a blessing. But growth absent enough attainable housing becomes a pressure cooker with a Buc-ee’s receipt in the cupholder.

Dallas-Fort Worth is a perfect example. On the surface, the market looks like it is rebalancing. Inventory has improved. Builders are adjusting. Sellers are negotiating. Buyers have a little more leverage than they did during the frenzy.

But under the surface, the affordability math is still brutal. Rents have grown faster than wages. Ownership costs have grown faster than wages. Taxes, insurance, land, labor, materials, financing costs and regulation all show up in the final payment. They do not vanish because someone calls a project “attainable” in a PowerPoint. The spreadsheet does not care about adjectives.

For many households, the solution has become painfully familiar:

The kitchen-table budget reality

Drive until you qualify. That may be the most Texas housing policy we accidentally created. Not because it is elegant, but because it is practical in the same way fixing a fence with baling wire is practical. It works for a while. It gets you through the day. But nobody should confuse it with a long-term system.

A family may still technically buy a home. However, factor in the cost of time, fuel, school planning, family life, infrastructure strain, and a commute long enough to make a man start ranking gas stations like Michelin restaurants, and what you’ve got is not housing affordability.

That is displacement with a garage.

The hard truth is this: a normal healthy housing market is not defined by more listings. It is defined by whether a reasonable share of working households can afford reasonable housing within reasonable reach of jobs, schools, services and community life.

By that standard, we are far from normal. We are simply less overheated. And there is a big difference between a market becoming less insane and a market becoming healthy.

This matters for developers, builders, landowners, lenders and capital partners because the next cycle will not reward lazy underwriting. The days of buying dirt, waiting for appreciation, stretching the buyer, and calling it strategy are over. That worked when money was cheap, rates were low and buyers could absorb the monthly payment.

Today, the payment is the market. Not the rendering. Not the amenity package. Not the press release. Not the broker whisper that “this path of growth is unstoppable.”

It’s the payment, stupid.

If the household cannot afford the finished product, the demand is theoretical. And theoretical demand has never paid off a land loan. The smarter question is no longer, “What will this lot sell for?” The better question is, “What household can actually afford the finished monthly payment?”

That question carries a truck load of meaning.

It changes land basis. It changes density. It changes lot size. It changes amenity loads. It changes phasing. It changes municipal negotiations. It changes builder strategy. It changes capital structure. It changes whether a project is solving a market problem or simply decorating scarcity.

Texas does not need more brochure communities pretending every buyer wants a resort lifestyle wrapped in an HOA bill. Amenities can add value, but they can also quietly destroy affordability. Not every neighborhood needs a lazy river, a clubhouse big enough to host a livestock auction, and a maintenance burden that stalks the buyer’s check-book every month.

The household monthly-payment level-set

Sometimes the most valuable amenity is a payment that does not make the buyer’s eyes twitch. The same goes for cities.

A city cannot say it wants attainable housing while adding delays, standards, fees, hearings and discretionary approvals that make attainable housing impossible. Every requirement has a cost. Every month of delay has a cost. Every oversized street section, overbuilt amenity demand, political compromise and “one more study” … they all add a cost.

Those costs do not vanish. They show up in the price of the home. The market is not sentimental. The spreadsheet wins.

For capital, this is where the opportunity sits. The best deals in the next cycle will not necessarily be the flashiest. They will be the deals that understand the intersection of job growth, household formation, land basis, infrastructure, entitlement risk, builder demand, income formation and actual payment bands.

That is not glamour underwriting. That is Texas underwriting.

Measure the dirt. Walk the site. Know the city. Know the buyer. Know the builder. Know the tax bill. Know the road. Know where the sewer is. Know what the household earns. Know what the monthly payment looks like before you start naming streets after wildflowers.

Because in this market, “people are moving to Texas” is not an investment thesis. It is the first sentence of one. The meat of the thesis is whether you can deliver housing where people are actually going, at a price they can actually afford, with a product that builders can profitably build and buyers can actually finance. That is where the opportunity is.

DFW does not have a demand problem. It has a delivery problem.

Texas does not need to be convinced to grow. Texas is growing whether California approves or not. The question is whether we will build enough housing in the right places, at the right cost basis, with enough discipline to keep a next generation of would-be homebuyers from being priced farther and farther out.

A few more listings will not solve that. A modest price correction will not solve that. A consultant calling the market “balanced” because inventory is less ridiculous will not solve that.

We need more attainable homes. We need faster approvals. We need better land planning. We need disciplined capital. We need homebuilders focused on down payment and monthly payment reality.

And we need cities honest enough to admit that you cannot regulate affordability into existence while making every home more expensive to deliver.

Until then, this is not a normalizing market. It is an affordability failure with better optics. The froth may be gone. The problem is still standing there in the front yard, boots on, arms crossed, waiting for somebody to do the math.

This post was originally published on here. 

The U.S. starter home market remains short roughly 300,000 listings under $350,000 compared to 2019, and the income needed to buy an entry-level home has jumped more than 80% over that period, according to a new report from Realtor.com.

The analysis, released Monday and based on Realtor.com’s active for-sale listings and U.S. Census income data, underscores how uneven the entry-level recovery has been since the pandemic housing boom. While inventory of homes priced below $350,000 has risen by 220,000 listings since a 2022 trough, the total number of affordable listings nationwide is still far below pre-COVID levels and prices remain elevated.

Affordability gap widens

Nationally, the typical starter home now costs $344,000, up from $256,000 in June 2019. In 2019, 55.1% of active listings were priced under $350,000; that share has fallen to 37.6% today, Realtor.com said.

Price growth has been strongest at the lower end of the market. Two- and three-bedroom listings have risen 44.5% and 41.0% in price since 2019, outpacing gains of 36.9% and 34.0% for four-bedroom and five-plus-bedroom homes.

The income required to purchase a typical starter home has climbed faster than both prices and wages. The report estimates a recommended minimum household income of about $78,000 to buy today’s entry-level home, up from $43,000 in 2019 — an increase of more than 80%. Over the same period, median household income has risen just 28.3%, from roughly $69,000 to $88,100.

For homebuilders and realtors, that gap partially explains why many first-time buyers remain on the sidelines despite more sub-$350,000 listings than in 2022. Qualification, not inventory alone, is the binding constraint in many markets as mortgage rates hover in the mid-6% range.

Regional split in starter home conditions

The report highlights a sharp regional divergence in how the starter home recovery is playing out. Since 2022, price thresholds for entry-level homes have fallen in the South and West but continued to climb in the Midwest and Northeast. 

In the South, a construction surge in Texas, Florida and the Carolinas has added nearly 170,000 affordable listings since 2022, helping pull starter home prices back 3.5% from their peak. The West has seen the largest pullback, with entry-level prices down 7.3% since 2022, led by markets such as Denver, Phoenix and Colorado Springs. Coastal California metros, including Los Angeles and San Francisco, have seen less relief.

The Midwest remains the most affordable region in absolute terms, but prices there are rising fastest over the longer run. Starter home prices have climbed 10% since 2022 and 37.5% since 2019, the steepest percentage increase of any region over that seven-year period.

The Northeast stands out as the most challenging market for first-time buyers. Only 29.7% of listings there are priced under $350,000 today, down from about 48% before the pandemic. The region’s starter home threshold has climbed to $444,000, nearly 50% above pre-pandemic levels. Realtor.com attributes the strain to limited land, restrictive zoning and higher-income buyers competing for a small pool of entry-level stock.

For builders, the regional split reinforces where entry-level construction has and hasn’t materialized. For policymakers and local officials, the data underscores the role of land-use rules and supply constraints in shaping first-time buyer access.

More listings, but fewer affordable sales

Despite modest gains in inventory, sales of affordable homes have not kept pace. Transactions under $350,000 fell about 10% in April 2026 from a year earlier and are down 7.2% year to date, a steeper decline than in higher price tiers, according to the report.

By region:

  • The South, which leads the country in sub-$350,000 inventory growth, saw affordable sales fall 7.3% year over year in April.
  • The Midwest posted the largest decline in affordable sales, down 13.5% year over year in April.
  • The Northeast was the only region where sales fell across every price tier.
  • The West was the outlier, with sub-$350,000 sales essentially flat so far this year.

Realtor.com’s senior economist Hannah Jones said many buyers can now find homes under $350,000 in more markets than two years ago, but still struggle to qualify for financing as rates and required incomes remain elevated.

For loan officers and brokers, that pattern suggests opportunity in first-time buyer education and down payment assistance programs, but also ongoing volume pressure in the sub-$350,000 segment unless rates move lower or incomes catch up.

First-time buyer profile shifts

The squeeze in starter homes has also changed who is buying and when. The average first-time homebuyer is now 40 years old, according to the report. However, the first-time buyer share of the market has edged higher, reaching 35% in May, up from 30% a year earlier.

Realtor.com estimates the U.S. still faces an overall housing shortage of about 4 million homes, a structural deficit that continues to limit any broad-based affordability recovery.

Looking ahead, the company expects the starter home segment to move toward a “slow, uneven normalization” rather than a sharp reset. As the rate lock-in effect gradually fades and more owners are compelled to move due to life events, inventory should continue to build. But younger, lower-income buyers without existing equity are likely to remain the most constrained.

For real estate professionals, the data points to a market where regional strategy matters. In the South and parts of the West, new construction and moderating prices may support more first-time activity, while in the Northeast and much of the Midwest, policy interventions, creative financing structures and targeted affordability programs are likely to be critical to restoring entry-level access.

Methodology

The analysis draws on Realtor.com’s database of active for-sale listings and median household income data from the U.S. Census Bureau’s Current Population Survey. Nationally, starter homes are defined as listings priced under $350,000. 

At a local level, the report also references a relative affordability threshold of homes priced below 80% of an area’s median list price. Single-family listing data by bedroom count is based on active listings by quarter. All figures are national unless otherwise noted, according to the company announcement.

This post was originally published on here. 

As the National Association of Realtors (NAR) frequently stresses, one of the main things differentiating a real estate licensee from a Realtor is the Code of Ethics that Realtors are required to abide by in order to be a member of the trade association. 

Despite existing quietly in the background of the industry for over 100 years, NAR’s Code of Ethics made headlines last week when Compass International Holdings filed Code of Ethics complaints against Zillow spanning 26 states, 55 MLSs and 30 Realtor associations. Compass confirmed to HousingWire that the complaints allege that Zillow has made false advertising claims.

“When sellers choose to publicly market their homes and make them available to the broadest possible audience, Zillow is keeping those listings from buyers because they were not initially prioritized on Zillow. In some cases, Zillow is displaying active, publicly available listings as not for sale,” a Compass spokesperson told HousingWire last Tuesday.

In response, a Zillow spokesperson noted that Zillow shows blocked homes as “not available” versus “not for sale.” The spokesperson also said that the company was not surprised by Compass’s actions given the legal battle the two companies are currently engaged in along with Midwest Real Estate Data (MRED), claiming that the Robert Reffkin-helmed firm is “looking for additional venues to fight the same battle it’s losing in court.”

“Compass’s business model depends on keeping listings off the public market first, so they are the one limiting reach and later wanting Zillow to cover for their scheme. Agents who list publicly from the start reach every buyer on Zillow. When a home is shopped around privately to some buyers and listed to all buyers later, we don’t show that on Zillow because it’s not fair to millions of homebuyers without insider connections. That’s not false advertising, it’s standing up for a fair and transparent housing market,” the spokesperson added.

Confidentiality is key

It is surprising that this much information regarding Compass’s complaints has reached the public sphere as Code of Ethics complaints typically remain confidential unless the board of directors pushes the matter to a regulatory body after the complaint hearing concludes or the association has adopted a policy that allows them to, under certain circumstances publish the name of an individual who has been found in violation of the code.  

“Our guidelines are very clear. Everything is confidential,” Michele McCaskill, the general counsel and chief operating officer of Canopy Realtors, said. “Only the parties and the executive committee and staff as needed are privy to any of the information.”

McCaskill added that even the association’s grievance committee that only sees one side of the complaint, never knows what the other side says or even the outcome if a hearing is reached.

“The only time we would share information is if we were subpoenaed and we had to,” McCaskill said.

At Seattle King County Realtors, chief operating officer Marie Hansch said they even redact the names of the complainant and respondent before the complaint is reviewed by the board of directors.

The Code

Although the Code of Ethics was promulgated by the NAR, it is enforced by state and local Realtor associations. In total, the Code consists of 17 articles that deal with things like a Realtors’ duties to clients and customers, their duties to the public and their duties to other Realtor members. Any amendment made to the Code must be approved by NAR’s board of directors.

Those in enforcement say some of the most common complaints they see deal with Article 1, which says that a Realtor must protect and promote the client’s interests while treating all parties honestly; Article 2, which says Realtors must avoid exaggeration, misrepresentation or concealment of pertinent facts about property or transactions and Article 15, which states that members may not knowingly make false or misleading statements about competitors or their business practices.

“The complaints are kind of cyclical,” McCaskill said. “Right now we are in the process of fielding a lot of complaints that have to do with Article 15. I think we have seen a major uptake in that because social media has made it easier for people to just say whatever they want.”  

Out in the Seattle metro area, Hansch said they typically see a lot of Article 1 related complaints. 

“It is kind of a catch all,” Hansch said. “But roughly 75% to 80% of our complaints are filed by members of the public who are upset about something that has happened in a transaction, not other Realtor members.” 

How are complaints handled?

When a party files a complaint, the complaint first goes to a Grievance Committee where it is screened.

“When someone files a complaint, they must present all the facts and tie the allegations to one of the articles of the Code,” McCaskill said. “The Grievance Committee, which is made up volunteer Realtors who are trained to review complaints, look at the allegations and determine whether or not, based on the complaint and the article cited, the respondent could be in violation of the code — essentially like a grand jury.” 

One common reason a complaint may be rejected is because it falls outside of the 180-day window from the event or the date when the allegation became known. 

If the complaint makes it past this stage it heads to a hearing panel, at which point the respondent is informed of the complaint and allowed to file a response. Once the association receives the response, a hearing date is set. 

At Canopy, McCaskill said they take three members of the association’s professional standards committee to serve as the hearing panelists. 

“We then hold a virtual hearing where both parties testify,” McCaskill said. “They are allowed to have their attorney, as well as present evidence and witnesses. The panel then ultimately decides whether or not the respondent is in violation of the Code.” 

The decision is then transferred to the association’s board of directions which reviews the decision. If the board agrees with the hearing panel, then the decision is ratified and any disciplinary action imposed on the respondent goes into effect.

Punishments lean toward education

There are roughly one dozen types of disciplinary actions a hearing panel could levy on a respondent found in violation of the Code. Punishments range from a letter of reprimand or a warning to education to fines up to $15,000 or even a suspension of board membership, expulsion from the association or termination of MLS access or use. 

“Our policy is, if you are found in violation of the code, you automatically pay a $500 administration fee, and we often pair that with education,” McCaskill said. “Letters of reprimand and warnings are simple and easy, but sometimes you need something stronger, so we typically use education and make them take a Code of Ethics class or a class that ties directly to something that they didn’t do correctly.” 

Hansch added that education is a common disciplinary action at her association in Seattle.

“The primary emphasis is for people to learn a lesson if they are doing something they shouldn’t be,” Hansch said. “It should be educational not punitive.” 

Association leaders said a violation would have to be very severe for their association to suspend someone or terminate their MLS access. 

A chance to appeal

Prior to the Board ratifying the hearing panel’s decision, the parties have 20 days from transmittal of the decision to the board to file an appeal. 

Complainants are only allowed to appeal if there were procedural issues with their hearing or if, like the respondents, they were denied due process. If an appeal is granted, the complaint goes before an appeals tribunal, which will then make a final decision. Once the appeals tribunal makes a decision, the case is considered closed. 

Those in enforcement stressed that the whole process is closely governed by NAR’s Arbitration Manual, which the state and local associations handling the complaints must follow. 

Not a fast process

It may take some time for a complaint to be handled, with the NAR manual stressing that it should be handled within six months. 

At Canopy, McCaskill said the grievance committee meets monthly and schedules hearings as needed.

“Right now it is probably at least a two-month wait to have a hearing, so it isn’t a quick turnaround,” she said. 

While most complaints get processed and handled within six months, some exceptions may arise, such as when part of a complaint is also part of a legal dispute, which may result in the hearing panel deciding to pause until the court rules, which could take months or years. 

Given this, unless information is leaked or a punishment is severe enough to be noticed, it is unclear if the greater housing industry will ever know the exact details or timeline of this latest chapter in the battle between Compass and Zillow.

This post was originally published on here. 

Windermere Real Estate has created the role of chief growth officer and hired longtime industry executive Diana Wall to lead expansion across the company’s independent brokerage platform, the firm announced Monday.

Wall brings nearly 30 years of residential real estate experience to the Seattle-based brokerage. She joins Windermere from Douglas Elliman, where she most recently served as executive director of global growth and focused on extending the company’s international footprint and identifying new avenues for expansion. Her background also includes senior leadership roles at Anywhere Real Estate, where she helped drive franchise growth initiatives and at REMAX, where she worked on business expansion strategy across the brokerage network.

Windermere framed the new role as part of a deliberate growth strategy focused on sustainable expansion rather than rapid roll-ups. As chief growth officer, Wall will oversee initiatives around franchise development, mergers and acquisitions, new market entry and broader organizational transformation, according to the company announcement. She is based in Denver.

“Windermere has always taken a thoughtful approach to growth — one that prioritizes strong relationships, exceptional service and a commitment to the communities we serve,” Geoff Wood, CEO of Windermere Real Estate, said in a statement. “As the industry continues to evolve, we see tremendous opportunity ahead while preserving the values and culture that have defined Windermere for more than 50 years. Diana has spent her career helping respected real estate brands expand, and we are thrilled to welcome her to our team.”

Wall said her decision was driven by Windermere’s reputation and independent model.

“I have spent my career helping real estate brands identify opportunities, build strong platforms, and create lasting growth,” Wall said in a statement. “From the moment I began learning more about Windermere, it became clear why the company has continued to thrive for more than five decades. Its reputation, independent brokerage model, and deep commitment to its agents and communities create an incredible foundation for what comes next. I’m excited to help build on that legacy and uncover new opportunities ahead.”

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

This post was originally published on here. 

NEXA Lending CEO Mike Kortas said he has reached a global settlement with former business partner Mat Grella, ending a years-long legal battle over the ownership and control of the brokerage and several related entities.

The agreement, reached in mediation and finalized on Monday, resolves “every single one” of the lawsuits between the two NEXA founders, Kortas said in an exclusive interview with HousingWire. Court filings indicated that a 2024 suit between the two was in closed status.

The settlement ends litigation that followed Grella’s termination from NEXA in 2024. Among the disputes was a lawsuit in which NEXA alleged Grella improperly interfered with the company’s planned $24 million Arizona hangar and office purchase. A Maricopa County judge later dismissed that complaint without prejudice, finding the allegations insufficient while allowing NEXA to amend its claims.

Under the settlement, Kortas said Grella will receive an undisclosed cash payment and a single asset. In return, the parties will dismiss all claims against each other, including what Kortas called “skirmishes in the Great War for NEXA” involving insurance and mortgage ventures in multiple jurisdictions.

Kortas said he and NEXA are “extremely happy” with the outcome, though he declined to disclose the settlement amount, citing confidentiality restrictions tied to the mediation process.

As a result of the settlement, Kortas now owns 100% of NEXA, and the settlement severs all remaining ownership ties between Grella and NEXA. Grella, who founded NEXA with Kortas in 2017 after they left Equity Prime Mortgage, previously held a 49.5% membership interest in NEXA.

“I wish Grella the best, and I am glad that he can move on from [this] stage of his life as well. I have no ill will [toward] Mat; I feel it was bad legal representation that dragged this out by his attorneys,” Kortas said. “It is what is best for all parties.”

The settlement follows what Kortas described as five mediations across several lawsuits. Kortas said that he estimates that he has spent about $4.5 million on attorney fees in the disputes and speculated that Grella’s legal costs were also in the seven figures.

“The only people making money on the stupidity in this entire lawsuit were the attorneys,” Kortas said. “He didn’t want what his operating agreement said, and I wanted to follow the operating agreement. So he had to find things to sue over to try and make it painful.”

Separate dispute with former employee continues

The universal settlement does not resolve a separate legal battle involving former NEXA employee Kristine Wake, Kortas clarified. Court records reviewed by HousingWire show ongoing arbitration activity in that matter as of early June.

Kortas said that case remains active and is outside the scope of the settlement with Grella.

In the suit, Kortas alleged that Wake attempted a “coup d’état” within her department, resigned during NEXA’s internal investigation and later provided information to Grella’s attorney. He said he believes NEXA has strong claims in the remaining litigation, though he acknowledged the case has dragged on amid what he described as non-responsiveness on the other side.

Despite the legal turmoil, Kortas said NEXA’s growth trajectory has continued. The brokerage has expanded from about 2,300 loan officers at the time of Grella’s departure to approximately 3,700 today, he said.

“We didn’t skip a beat. We kept growing,” he said. “I’m just happy that it’s over and that I can go about growing NEXA, making loan officers better.”

This post was originally published on here. 

New Jersey’s energy strategy is entering its next phase as state officials begin implementing the Power NJ Act, signed by Governor Mikie Sherrill on July 13, while local opposition to AI data centers continues spreading across the state. The law launched a 180-day process for the New Jersey Board of Public Utilities (NJBPU) to begin soliciting proposals for advanced nuclear generation as municipalities increasingly move to restrict the energy-intensive facilities driving much of the state’s future electricity demand.

The legislation represents one of the most significant changes to New Jersey’s energy policy in decades. Rather than approving a specific nuclear project, the law creates a competitive procurement process designed to identify advanced nuclear technologies capable of supplying reliable electricity as demand continues to rise.

Under the new law, the NJBPU must issue a Request for Expressions of Interest within six months, allowing developers to submit proposals detailing financing, engineering, environmental reviews, workforce development plans, and regulatory approvals. Projects that satisfy the state’s qualifications will advance into negotiations before any final procurement decisions are made.

State officials say the competitive process is intended to avoid many of the financial problems that have affected previous nuclear construction projects around the country. Developers will be required to demonstrate financial viability while providing safeguards designed to protect New Jersey ratepayers from excessive construction costs and delays.

The timing reflects a rapidly changing electricity landscape.

The explosive growth of artificial intelligence, cloud computing, advanced manufacturing, and the continued electrification of transportation are placing unprecedented demands on regional electric grids. Utilities throughout the Northeast have warned that electricity demand is beginning to rise at levels not seen in decades, driven largely by the construction of massive AI computing facilities.

New Jersey’s existing nuclear fleet already provides more than 40% of the state’s electricity and more than 80% of its carbon-free generation, making nuclear energy the foundation of New Jersey’s clean-energy portfolio. State leaders believe expanding reliable baseload generation will be essential if New Jersey hopes to remain competitive while maintaining grid reliability and limiting future electricity price increases.

Governor Sherrill has repeatedly argued that expanding dependable electricity generation must go hand-in-hand with consumer protections. Earlier this month, she also signed legislation aimed at increasing accountability for utilities and ensuring that major electricity users—including large data centers—bear more of the costs associated with the infrastructure needed to serve them.

While the state moves to expand electricity supply, many local communities are taking a different approach.

Municipal opposition to AI data centers continues growing as residents express concerns about electricity consumption, water usage, noise, environmental impacts, traffic, and increased pressure on local infrastructure. Several New Jersey municipalities have already adopted restrictions or zoning changes limiting where data centers may be built, while others continue evaluating similar proposals.

The debate reflects a broader national trend as communities increasingly question whether the economic benefits of large data centers outweigh the impact on neighborhoods, utility systems, and public resources. Although the facilities create construction jobs and generate tax revenue, they also consume enormous amounts of electricity and water while requiring significant upgrades to local transmission infrastructure.

Business leaders argue that reliable electricity has become one of the most important factors companies evaluate when selecting locations for advanced manufacturing, pharmaceutical production, biotechnology, cloud computing, and AI investment. Without additional generating capacity, they warn New Jersey risks losing future economic development opportunities to competing states.

Supporters of the Power NJ Act believe the competitive procurement process offers a balanced path forward by encouraging private investment while requiring strict financial oversight before projects move ahead. They argue advanced nuclear technology can provide the around-the-clock electricity increasingly needed to support economic growth while reducing dependence on fossil fuels.

Environmental groups remain divided. Some support advanced nuclear power as a reliable carbon-free energy source capable of complementing renewable energy, while others continue advocating for greater investment in wind, solar, battery storage, and energy-efficiency measures instead of expanding nuclear generation.

For New Jersey businesses, the stakes extend well beyond energy policy. Stable and affordable electricity is increasingly viewed as essential infrastructure for attracting investment, creating jobs, supporting technological innovation, and maintaining the state’s long-term economic competitiveness.

As implementation of the Power NJ Act begins and additional municipalities debate the future of AI data centers, New Jersey finds itself balancing two competing priorities: providing the electricity needed to power tomorrow’s economy while responding to communities that remain increasingly reluctant to host the infrastructure required to produce it.

JBizNews Desk | Trenton, New Jersey

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Paramount Skydance’s planned takeover of Warner Bros. Discovery hit a snag on Monday when a judge granted a temporary restraining order on the merger. 

Paramount CEO David Ellison is seeking to acquire WBD in a $111 billion deal that was expected to close during the third quarter of this year, but California Attorney General Rob Bonta is leading a group of 12 state attorneys general who filed a lawsuit challenging the merger. The lawsuit claims the megadeal would “lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S.” 

After a Friday hearing, California District Judge Araceli Martínez-Olguín approved the temporary restraining order, putting a 14-day pause on the merger and blocking closure of the transaction.  

PARAMOUNT ADVISERS PUSH FOR CALIFORNIA EXIT AS STATE SUES TO BLOCK WARNER BROS DISCOVERY MERGER: REPORT

“Having read the papers filed by the parties and carefully considered their arguments therein and those made at the hearing, as well as the relevant legal authority, and good cause appearing, the Court GRANTS the motion for TRO,” the judge wrote. 

The lawsuit, filed in the U.S. District for the Northern District of California, claims that the merger violates Section 7 of the Clayton Act, which holds that mergers that may substantially lessen competition or tend to create a monopoly are illegal. Both sides argued their case on Friday but Martínez-Olguín initially declined to make a ruling from the bench, instead taking the weekend to think it over. 

“Because the Plaintiff States raise serious questions on the merits of their Clayton Act claim and because the balance of equities and public interest tip sharply in favor of the Plaintiff States, the Court ultimately finds the public interest favors their requested TRO to stay the merger in the interim,” the judge wrote. 

“Defendants are temporarily enjoined and restrained from closing or consummating the Transaction or taking any steps, directly or indirectly, to integrate or consolidate their operations pursuant to the Transaction,” Martínez-Olguín continued. “This Order extends to Defendants’ agents, officers, servants, employees, attorneys, and other persons who are in active concert or participation with Defendants.”

Plaintiffs’ motion for preliminary injunction is due by July 23, the Defendants’ opposition brief is due by July 27, and the Plaintiffs’ reply is due by July 30. A hearing on Plaintiffs’ preliminary injunction motion at 3:00 p.m. on Monday, August 3. 

WARNER BROS DISCOVERY SHAREHOLDERS APPROVE PARAMOUNT SKYDANCE DEAL

“My office and attorneys general nationwide have secured an emergency order blocking the unlawful merger of Warner Bros. and Paramount. This is a critical first win in our case to ensure this megamerger never sees the light of day,” Attorney General Bonta said in a statement. 

“History tells the tale of what happens when a few people have great power over markets that are central to Americans’ lives: fewer opportunities for more people, worse products and services for all people,” Bonta continued. “With our lawsuit, we’re fighting for a free and fair market and a thriving film and television industry that serves creatives and audiences alike. We have a full tank of gas, the law on our side, and look forward to continuing to make our case.”

Paramount has said the lawsuit “reflects a fundamentally flawed application of the antitrust laws and is wrong on both the facts and the law.”

The Justice Department (DOJ) announced last week it has closed its antitrust investigation into Paramount Skydance’s proposed acquisition of WBD, concluding the transaction is not likely to harm competition or American consumers.

CALIFORNIA AG BLASTS PARAMOUNT-WBD MERGER AS ‘ILLEGAL,’ SAYS THREAT TO LEAVE STATE IS ‘BLACKMAIL’ EFFORT

The Antitrust Division said its eight-month review examined more than two million documents and found the deal could strengthen competition across the media and entertainment industry, including in streaming video, traditional television and theatrical film distribution. However, state attorneys general retain independent authority under antitrust laws. 

Ellison, the son of billionaire Oracle co-founder Larry Ellison, took control of Paramount last year when Skydance Media and Paramount Global completed an $8 billion merger. Adding WBD to his portfolio would make the younger Ellison one of Hollywood’s most powerful people.

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This post was originally published here. 

Cleveland Federal Reserve Bank President Beth Hammack used one of her final public statements before the Federal Reserve’s July 28–29 Federal Open Market Committee (FOMC) meeting to deliver one of her strongest inflation warnings yet, arguing that price pressures remain too high and suggesting policymakers may ultimately need to tighten monetary policy further if inflation fails to improve. The comments, published Friday on her official LinkedIn account during the Fed’s pre-meeting communications blackout period, underscore growing divisions inside the central bank as officials prepare to decide the direction of U.S. interest rates. 

Hammack, a voting member of the FOMC this year, said she is hearing something new from businesses across the Fourth Federal Reserve District—a region covering Ohio, western Pennsylvania, eastern Kentucky, and northern West Virginia. For the first time since joining the Federal Reserve, she said employers are telling her they believe the central bank should take additional action to bring inflation under control rather than ease monetary policy.

Her message reflected concern not only about inflation data but also about public sentiment.

Hammack wrote that many consumers continue struggling with the rising cost of everyday necessities and described hearing a “growing sense of despair” from households that believe prices are unlikely to improve soon. She added that the labor market remains close to what she considers maximum employment, leaving inflation—not unemployment—as the Federal Reserve’s primary challenge. 

The remarks place Hammack among the more hawkish voices inside the central bank.

While several Federal Reserve officials continue supporting the current interest-rate range of 3.50% to 3.75%, an increasing number have publicly warned that inflation may prove more persistent than previously expected. Rising energy prices, continued investment tied to artificial intelligence infrastructure, supply-chain pressures, and insurance costs have all been cited as contributing factors keeping inflation above the Fed’s long-term 2% objective. 

Hammack has consistently argued that allowing inflation expectations to become entrenched would create a far more difficult problem for policymakers later. Businesses expecting higher costs tend to raise prices more aggressively, while workers seek larger wage increases, creating a cycle that can make inflation significantly harder to reverse.

Her latest comments suggest those concerns are no longer theoretical.

According to Hammack, conversations with manufacturers, retailers, and employers indicate that many business leaders are becoming increasingly worried that elevated prices are becoming part of the normal economic environment rather than a temporary disruption. She said businesses continue reporting higher operating expenses while consumers increasingly describe adjusting household budgets simply to keep pace with everyday costs. 

The timing of the statement is significant.

Federal Reserve officials entered their customary communications blackout immediately after Friday, preventing policymakers from making additional public comments until after the July meeting concludes. Investors will therefore spend the coming days analyzing Hammack’s remarks alongside recent statements from other Federal Reserve officials as they attempt to gauge whether additional tightening remains under serious consideration.

Financial markets currently expect policymakers to leave interest rates unchanged later this month, although expectations for future meetings remain considerably less certain. Any indication that more Federal Reserve officials are leaning toward higher rates could affect Treasury yields, mortgage rates, stock prices, and borrowing costs throughout the economy.

For businesses, the debate carries immediate consequences.

Higher interest rates increase financing costs for commercial real estate, equipment purchases, expansion projects, and inventory while also affecting consumer demand through mortgages, automobile loans, and credit cards. Companies planning investments during the second half of the year are closely monitoring whether inflation continues improving or whether additional monetary tightening becomes necessary.

Although Hammack did not explicitly call for an immediate rate increase, her message reinforced that inflation remains the Federal Reserve’s dominant concern. As policymakers gather later this month, her remarks suggest the debate inside the central bank has shifted away from when rates might fall and toward whether current policy is restrictive enough to ensure inflation returns to target.

JBizNews Desk | Cleveland

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Despite widespread confidence in employer-provided financial advisors and steady optimism about retiring on time, many Americans remain uncertain about whether they will be financially prepared for retirement.

New surveys from NFP and Thrivent suggest rising living costs, economic uncertainty and concerns about artificial intelligence (AI) are making it harder for workers to turn retirement goals into reality.

While many employees value professional financial guidance, the findings show that financial pressures and low engagement with available resources continue to slow retirement progress.

NFP’s 2026 U.S. Retirement Trend Report found that 89% of employees trust employer-provided financial advisors, yet 69% are unsure they can retire comfortably. The report also found that 84% would consider working with a financial advisor if given the opportunity, and 62% identified one-on-one meetings with financial professionals as the most helpful retirement planning resource.

However, many workers are not taking advantage of those services.

Employees cited not having enough money to invest (24%) and questioning the value of working with an advisor (24%) as the leading barriers. Others worried about potential fees (20%) or were unsure how advisors could help (19%).

“Employer-provided financial advisors play a central role in how American workers approach retirement planning,” said Jessica Espinoza, national practice leader, retirement advisory, NFP. “One-on-one guidance is especially effective in helping employees navigate complex decisions, build confidence and turn intention into action, but too many employees aren’t taking the necessary first step.”

NFP also reported that the percentage of employees who are off track for retirement increased from 68% in 2025 to 72% in 2026. Nearly half of respondents, 46%, said they are delaying or unable to save for retirement because housing, healthcare and other expenses take priority.

Economic pressures reshape retirement expectations

Thrivent’s 2026 Retirement Expectations Survey paints a similar picture.

While 58% of non-retirees remain confident they will have enough money to retire from their primary career on schedule, 47% are skeptical they will ever be able to fully retire.

The survey found that 64% of non-retirees are more focused on their current financial situation than retirement planning, while 35% feel behind their peers in preparing for retirement. High living costs and insufficient income were the most common reasons for falling behind.

Artificial intelligence is also emerging as a new concern. Half of non-retirees believe AI-driven changes to work will negatively affect their retirement, with younger generations expressing the greatest concern. Nearly two-thirds of Gen Z workers and 59% of Millennials expect AI-related job losses to negatively impact their retirement outlook.

“The future has always brought uncertainty, but many Americans today are navigating a wider range of questions about work, the economy and retirement than they did just a few years ago,” said Thrivent Financial Advisor Jason Rogoff. “The good news is that retirement planning doesn’t require having all the answers. It requires a plan that can adapt as circumstances change. Regularly reviewing your goals and making adjustments along the way can help you stay on track, regardless of what the future brings.”

Employers can increase engagement

NFP found awareness of employer-sponsored retirement resources is declining. Just 42% of employees said they know what services are available, down from 55% a year ago, while only 34% understand how to use them.

The report suggests employers can improve retirement outcomes by making financial guidance easier to access and encouraging employees to engage with advisors before financial challenges become overwhelming.

“When employees feel confident in decisions that impact their long-term financial stability, it can improve focus, engagement and overall wellbeing,” said Stephen Jans, national practice leader, Wealth Management, NFP. “Helping employees make financial decisions that are realistic, informed and achievable leads to better outcomes for individuals, their employers and the communities they serve.”

Both surveys point to the same conclusion — while Americans remain hopeful about retirement, achieving that goal will require greater engagement with financial planning and continued flexibility as economic conditions evolve.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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Corcoran SRG Residential has opened a new office in Merrick, New York, expanding its presence across Nassau and western Suffolk counties.

The 2,600-square-foot office at 196 Merrick Road will serve as the brokerage’s South Shore headquarters and house existing agents as well as several newly affiliated teams.

The expansion comes just weeks after Corcoran SRG Residential launched as Corcoran’s first Long Island affiliate, adding to the firm’s existing Syosset office.

The Merrick office welcomes several new agents and teams, including the Island Realty Group Team — Brandon Cohen, Jerry Yedid, Jake Yedid, Justin Katzman, Bruce Katzman, Gillian DiNapoli, Vincent Vigna and Joseph Nocella — as well as the Tepper Kaplan Team of Jennifer Tepper and Andrea Kaplan.

Additional agents joining the brokerage include Natan Amos, Joseph LaViola, Frank Monforte Jr. and Nick Monforte.

According to the company, the newly affiliated agents and teams generated approximately $85 million in sales volume during 2025.

“We’re thrilled to establish Corcoran SRG Residential in Merrick,” said David Cohen, co-owner of Corcoran SRG Residential. “This expansion reflects the momentum we’re building across Long Island and our commitment to attracting the region’s top talent.”

Managing Broker and Co-Owner Sam Horowitz said Merrick and neighboring Bellmore have long been strategic markets for the firm.

The brokerage said the new office strengthens its ability to serve buyers and sellers throughout Nassau County while expanding its presence in one of Long Island’s most competitive residential markets.

Leaders also noted that Merrick remains one of Long Island’s most desirable residential communities, supported by limited housing inventory, strong buyer demand, highly regarded schools and convenient Long Island Rail Road access to Manhattan.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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FirstTeam Real Estate has expanded to California’s Central Coast with a new community office in Monterey led by broker-owner Amber Russell of Over the Moon Realty, Inc., the company announced on Monday.

Russell and her team of experienced agents will serve clients across Monterey, Pacific Grove, Carmel, Pebble Beach and Marina, the firm announced. The move extends FirstTeam’s model beyond its Southern California footprint and adds a Central Coast hub for the company.

Russell said she chose to partner with FirstTeam to align with a brokerage that would prioritize client experience and support the independent brand identity she has built with Over the Moon Realty.

“From my first conversation with FirstTeam’s leadership, I felt a level of authenticity and genuine partnership that’s rare in our industry. I was drawn to the future-focused, female leadership team that understands my vision and values what makes Over the Moon Realty unique, including our name and the identity we’ve built within our community,” Russell said in a statement. “FirstTeam’s boutique, agent-first approach gives me the support, resources and network to grow my business while preserving the independence and community-focused philosophy that has always set us apart.”

FirstTeam said that adding a Central Coast office gives it a new feeder market for both primary and second-home demand.

“When opening a new community office, we focus on more than just expanding our footprint,” Michele Harrington, CEO of FirstTeam, said in the announcement. “We want to work with people who know their markets better than anyone and offer best-in-class service to their clients. Amber is a trusted leader, educator, community member, and mentor, and has built a culture that attracts high-caliber professionals and resonates with clients.”

Russell brings more than 32 years of experience in education as a teacher and counselor, along with a background as a military spouse and the daughter of a military family. In addition to running Over the Moon Realty and leading the new FirstTeam Monterey community office, Russell is serving as the 2026 president of the Monterey County Association of Realtors. 

Russell focuses on luxury properties, probate and trust sales, military relocation and other complex transactions. She is one of only three professionals in Monterey County with the National Association of Realtors’ Green designation, and also holds a Probate Certification, Military Relocation Professional (MRP) certification, At Home With Diversity (AHWD) certification and a Certified Full-Service Professional designation.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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Let me ask you something. When was the last time you treated an open house like a one-day event instead of what it actually is: a long-term investment in the street it sits on?

Most agents do it backward, and I get it. You set up Sunday, hope for a few leads, take the signs down and move on to the next listing. But here’s the truth: that one afternoon can pay you back for years if you handle the sequence right. Right now, most agents are running it exactly backward.

The fix doesn’t cost you anything but a slight reshuffle of your calendar. Before you ever open that house to the public, hold a neighborhood open house first. Promote it only to the people who live around it. Do this well, and you turn the neighbors most likely to become your future sellers into warm contacts instead of strangers you accidentally pushed away.

Let me walk you through why the order matters so much.

The real cost isn’t time. It’s trust

When you open a house to the public first, you can bet that the neighbors will wander in, and most of them won’t tell you who they are. Think about it from their side. Admitting “I live three doors down, and I’m curious” feels a little embarrassing. So, they hand you a “polite fiction” instead. You believe it, and you spend real time and energy qualifying and following up with someone who was never going to buy that house.

That’s the cost you can see. Here’s the one you can’t: When that same neighbor eventually decides to sell, they go around you. Why? Because hiring you would mean admitting they lied to your face. You had the most natural source of future listings standing right there on the sidewalk, and the very event meant to win them over is what pushed them away.

Remove the reason to lie

A neighborhood open house fixes this at the root. When every guest is a neighbor by design, nobody needs an excuse to walk through the door. Showing up is the invitation. That’s the whole shift: from an event neighbors sneak into anonymously, to one where they’re genuinely welcome. They meet you as the professional trusted with the home on their street. That’s exactly the spot you want to occupy in their mind on the day they decide to sell.

And don’t think of this as selling, because it isn’t. A sale on their block is about to become a comparable. It affects what every home around it is worth. That’s information your neighbors have a real stake in. Frame it that way, and the awkwardness that keeps most agents from picking up the phone or knocking on a door mostly disappears. You’re not asking the neighborhood for business. You’re handing them something useful about their own market.

The one detail that drives turnout

I want you to remember this part, because it’s the single biggest lever in this whole strategy: tell the neighbors the owners won’t be there.

Think about what stops a curious neighbor from walking through that house. It’s the homeowner standing in the kitchen, watching them eyeball the cabinets. Take that away. Make it clear the owners will be out and that you’ll be personally hosting and watch how fast your turnout changes. It’s one line in your script, and it’s the first thing I teach our coaching clients to lead with. Tell a long list of curious neighbors the coast is clear, and a surprising number of them will show up.

Keep it personal

You don’t need to knock on every door to pull this off. A quick phone call works. So does a ringless voicemail, (love these) which are a recorded message that drops straight into someone’s voicemail without their phone ever ringing. Curiosity does the rest. Most people will listen to the whole thing, often more closely than they’d listen to a live call that interrupted their afternoon. The goal is simple: it needs to feel like it’s addressed to a person, not blasted out to a list.

The numbers back this up

According to the National Association of Realtors, roughly two-thirds of sellers hire an agent they were referred to or had already worked with. Listings follow trust and familiarity, not whoever threw the flashiest open house on a Sunday afternoon. A neighborhood open house is just a structured way to build that familiarity across an entire street, long before anyone there is ready to list. I made a similar case here about why relationships, not market scale, are what separate agents who grow from agents who get left behind.

Sequence is everything

You’ve got the same three ingredients either way: a listing, the neighbors, and an open house. Run them in the wrong order and you burn trust. Run them in the right order and you build it. Here’s the rule I want you to walk away with: within the first week or two of any new listing, hold the neighbors-only showing first. Then open the doors to the public.

Get the order right, and every listing you take quietly builds you a network on that street for years to come. Get it backward, and you’re spending each open house drawing down the very goodwill you set out to build.

Darryl Davis, CSP, is a national speaker, real estate coach, and the bestselling author of How to Become a Power Agent in Real Estate. Don’t miss this month’s free webinar series at PowerAgentWebinar.com. Through his POWER AGENT® Coaching Program, he helps real estate professionals build thriving businesses and lives at the Next Level®. Learn more at darrylspeaks.com.

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

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

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The looming energy crisis that is expected to affect Israel and the world in the coming years, with the development of artificial intelligence data centers putting pressure on the grid, might have a solution thanks to nGrid, an Israeli energy management company that spoke to The Jerusalem Post last week.

According to Omer Kriger, the CEO and Co-founder of nGrid, the recent push for renewable energy over fossil fuels and the increase in electricity demand in the country require a virtual response that gives consumers greater flexibility in their energy consumption.

“Renewables, like solar or wind power, are not like fossil fuels. They are constantly changing, offering varying levels of power depending on external factors such as weather or time of day. So we aim to give our clients a tool that allows them to have flexible consumption, saves them money, and has them using the most out of these energy sources,” he explained.

Kriger explained that the company offers AI software that manages electricity consumption and battery usage, with its current applications primarily at industrial and commercial sites.

The system works by using batteries and local energy sources, like solar panels or wind turbines, and managing the amount of energy they use, when they are consuming, and when they are charging the batteries.

Kriger explained that electricity prices fluctuate by the hour and with current consumption, with the software working in real time to determine when it’s best to charge a battery and when companies should use their stored energy rather than grid electricity.

“The value actually stems from the gaps between supply and demand. Gaps between supply and demand are ridiculously volatile in a way, with prices of electricity going from several hundred dollars per megawatt hour all the way to negative numbers,” he said.

“So, sometimes companies are willing to pay you to increase your consumption because, for example, there’s not enough demand during a windy season or when there is a lot of sun now, and it always needs to be balanced.  So on the same day, that kind of fluctuation is happening.”

Not making batteries, but software to improve batteries

Kriger also explained that even if the company doesn’t produce the batteries used in their systems, it can adapt them to several different models currently available in the market with no real disadvantages.

“The only thing that we need is an asset that can turn the electricity consumption into something more flexible,” he said. “I need to have something that I can manage and control, and our clients get a return for that.”

He also said that the installation requires minimal hardware, with the software serving as a layer of optimization within existing facilities, without the need to modernize the site.

Local and remote layers working together

The company’s software works, according to nGrid, with a double system that its present both locally and remotely, allowing it to manage electricity intake both in specific facilities and the flow of electricity amid a network of sites.

“The system has two layers: the local one that has some control locally, but also a cloud one. And communication between them is key for the system to make the best decisions in things like battery charging and usage,” he pointed out.

He also said that even if the system was not designed to be activated during a blackout, it could be adapted for those emergencies if there were a need for a specific client with that as a main concern. 

“For example, our system could perfectly work with just a battery and a solar panel, if the consumption is leveled enough,” he added.

Israel’s electric future needs to be flexible

Kriger also said that these systems that manage electricity and create “virtual power plants” will be key to Israel’s future electricity consumption, which seems to be facing a crisis due to increased nationwide demand.

“There is increasing demand for flexibility, and volatility is expected to increase as renewable energy becomes a significant power source. And Israel being a ‘power island’ that can’t rely on its neighbors for electricity makes these systems a key asset,” he said.

He also added that in terms of regulations, the government’s push to electrify most public transport and make electric chargers available nationwide is a key step in making Israel’s energy sector more flexible.

“The government now faces two challenges: Increasing energy supply nationwide and managing the volatility. And nGrid is already working on solving the second problem,” he concluded.

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Artificial intelligence is rapidly changing cancer care, with researchers developing tools that could help identify some of the deadliest cancers much earlier than doctors can on their own.

Dr. Peter A. Najjar, a surgeon and Johns Hopkins Health System’s clinical innovation vice president, joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss how artificial intelligence is already helping researchers improve cancer detection, speed up drug development and make patient care more efficient, while stressing that more real-world evidence is still needed before its full impact can be measured.

Najjar pointed to recent research involving pancreatic cancer, saying artificial intelligence models are helping researchers recognize patterns that would otherwise take physicians decades of experience to identify.

Pancreatic cancer is one of the deadliest forms of cancer because it is often diagnosed after it has already spread beyond the pancreas. According to the American Cancer Society, the overall five-year relative survival rate is just 13%. But when pancreatic cancer is detected before it spreads outside the pancreas, the five-year survival rate increases to 44%.

The disease has claimed the lives of several well-known public figures, including Apple co-founder Steve Jobs, who died from a rare form of pancreatic cancer; actor Patrick Swayze, known for his role in “Dirty Dancing”; and beloved “Jeopardy!” host Alex Trebek, underscoring the devastating toll of a disease that is often difficult to detect in its earliest stages.

“Researchers were able to identify signs of pancreatic cancer up to 16 months ahead of human readers,” Najjar said. “Detection always allows us more treatment options.”

Beyond early detection, Najjar said artificial intelligence is also accelerating drug discovery by allowing scientists to test potential treatments using computer models before moving into laboratory testing.

HOW ARTIFICIAL INTELLIGENCE IS TRANSFORMING HEALTHCARE

“Many cancer treatments are around figuring out which molecule binds to the right protein for a given cancer,” Najjar said, explaining that AI “dramatically speeds up drug development.”

While the technology has generated enormous excitement, Najjar cautioned against overstating its current capabilities.

“We absolutely need to move full speed ahead to bring this promise to our patients in the clinic,” he said. “But it is still very early days.”

For now, one of artificial intelligence’s most immediate benefits is improving the patient experience. Najjar said AI-powered medical scribes can organize records before appointments and automatically document visits, allowing physicians to spend less time typing and more time focused on their patients.

This post was originally published here. 

A first-of-its-kind playground, crafted from hundreds of thousands of wine and champagne corks sourced from New York City restaurants, has opened at a public housing complex in Brooklyn. Unveiled last week at Gravesend’s Marlboro Houses, “Village Vibes” delivers custom play features, stormwater mitigation measures, and soft, accessible pathways made from roughly 450,000 recycled corks. The installation is the first initiative from the Cork Collective, which seeks to repurpose the material for civic improvement projects across the country.

Designed by The Urban Conga and CJI, the renovation of the roughly 7,200-square-foot open space at the NYCHA development is the final project of the second phase of the Public Housing Community Fund’s (PHCF) Green Space Connections, a $3.2 million initiative bringing community-designed open spaces to NYCHA communities.

The project spans two lawn areas on the east and west sides of West 11th Street. One large green space is located on the north side of the property, adjacent to Building 16, while another sits at the lower southeast corner near the resident garden and Building 2.

At its core is a winding cork pathway crafted from a sustainable, durable, and highly permeable natural surfacing material that provides a soft, accessible walking surface. The Cork Collective is a joint venture between Rockwell Group, Amorim, and BlueWell.

The Collective acquired the corks from bars, restaurants, hotels, and other partners across the five boroughs before shipping them to a Wisconsin recycling plant, where they were cleaned, ground down, and reformed into building materials, according to the New York Post.

Approximately 13 billion corks are produced worldwide each year, yet less than 1 percent are recycled. In the United States alone, roughly 2.9 billion cork stoppers are thrown away annually.

Using cork for playground surfaces diverts waste from landfills and offers a safer alternative to potentially hazardous plastic materials. Cork surfacing can reduce temperatures by 20 to 30 percent during the summer and is antimicrobial, odorless, and water-permeable, with no chemical runoff.

“When we launched the Cork Collective, our dream was to transform cork stoppers into sustainable, beautiful, durable surfaces for public spaces and activities in New York City,” David Rockwell, founder and president of Rockwell Group, said.

“It’s incredible to see our vision realized at Marlboro Houses. We hope these pathways inspire and support residents as they connect with the outdoors and each other.”

At the Marlboro Houses, the cork pathways now wind through the vibrant public space, complemented by custom-designed sensory structures from Urban Conga. Rather than designing the structures for a single purpose, the firm purposefully crafted them to encourage open-ended interaction, allowing residents of all ages to enjoy the space.

Along the pathway, small rain gardens, pollinator plantings, and ecological landscaping elements, co-designed with Brooklyn-based Field Form, work toward the site’s broader goals of enhancing ecological health and managing stormwater.

One key theme that emerged was that residents already had meaningful relationships with their local green spaces. Building on that, participatory design was used to ensure that the memories, care, and sense of possibility associated with those spaces would live on in the new design.

“This project delivers a resident-driven, accessible space that weaves green design into every element while creating a safer place for children to play and older adults to enjoy the outdoors,” Alex Zablocki, executive director of PHCF, said.

“The new cork pathway invites residents into a more welcoming environment while showcasing innovative, sustainable materials,” he added. “Through Green Space Connections, resident feedback and priorities shape every stage of the design process, and this project reflects that commitment in every detail.”

“Village Vibes” is the final of four initiatives completed as part of the second phase of Green Space Connections. Other projects completed through the program include open space investments at the Roosevelt Houses in Brooklyn and the Castle Hill Houses and Patterson Houses in the Bronx.

The next phase of Green Space Connections is slated to launch this summer at Richmond Terrace Houses in Staten Island, Wagner and Vladeck Houses in Manhattan, and Ravenswood Houses in Queens.

The Marlboro Houses are also set to receive a new agricultural education hub designed by Studio Gang, which broke ground in June 2024.

Located on West 11th Street between Avenues W and X, the $18.2 million, 9,900-square-foot facility will feature a rooftop greenhouse for raising fish and plants, a teaching kitchen, a pantry where greens will be grown on-site and distributed to residents, and a multipurpose room for programs and workshops.

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As artificial intelligence reshapes workplaces across industries, one hiring executive says job seekers worried about AI replacing them may be focusing on the wrong challenge.

Instead of looking for candidates with years of AI experience, employers increasingly want workers who can prove they’re willing to learn, according to Sultan Khan, head of talent acquisition and human resources at San Francisco-based OpenArt AI.

“The willingness to learn is the biggest thing that we really need right now,” Khan told FOX Business. “The people that are open to learning are the ones that we’re seeing grab jobs really quickly in this current landscape.”

His comments come as employers increasingly seek workers with AI skills. According to PwC’s 2025 AI Jobs Barometer, the skills required for AI-exposed jobs are changing 66% faster than in other occupations, while workers with AI skills receive an average 56% wage premium compared with those in similar roles.

DIMON URGES CALM OVER FEAR ABOUT AI’S IMPACT ON JOBS: ‘STOP BEING BREATHLESS OVER IT’

OpenArt, an AI-powered creative platform with more than 8 million monthly users, has grown its workforce by roughly 300% over the past seven to eight months, according to Khan, and is hiring across engineering, product, design, marketing and creative roles.

But Khan said resumes packed with years of AI experience aren’t necessarily what stand out.

“I think the biggest thing that helps make people stand out to me is when I see that they’ve done a lot of side projects or a lot of learning,” he said, pointing to applicants who complete AI courses, earn certifications or experiment with AI tools on their own.

Because generative AI remains relatively new, Khan said recruiters understand many applicants won’t have years of hands-on experience. Instead, he said, hiring managers are looking for people who show curiosity and adaptability.

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“The curiosity is another big thing,” Khan said. “The ones that are really eager and willing to learn how to adapt it into their current workflow are the ones that are getting tons of calls from recruiters.”

That mindset isn’t limited to software engineers.

While OpenArt is recruiting engineers and product managers, Khan said the company is also hiring creative directors, designers and video editors who want to incorporate AI into visual storytelling.

“AI isn’t the creative aspect of things,” Khan said. “It’s the human behind it. AI only does what you tell it to do.”

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Khan acknowledged concerns that AI could replace workers but argued the technology is more likely to change existing jobs than eliminate them.

“AI isn’t going to eliminate jobs,” he said. “It’s just going to transform jobs as a whole.”

His outlook echoes part of a broader trend identified by the World Economic Forum, which estimated in its 2025 Future of Jobs Report that technological advances, including AI, could create 170 million new jobs globally while displacing 92 million by 2030, resulting in a net gain of 78 million jobs. The report also found employers increasingly expect workers to build AI-related skills as adoption spreads.

For recent college graduates entering an uncertain labor market, Khan’s advice is straightforward: start using AI before an employer asks you to.

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He recommends researching the AI platforms commonly used in a chosen field, building projects with those tools and showcasing that work on resumes and LinkedIn profiles.

“The biggest takeaway is really to start learning how to adopt into the AI space rather than only putting it under a negative light,” Khan said.

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Homebuilding scale is arriving at the midway point through a structural inflection.

The latest evidence arrived Thursday, as Stanley Martin Homes announced it had entered an agreement to acquire Florida-based Holiday Builders, a transaction that will add approximately 1,050 annual home closings, more than 40 active communities and roughly 10,600 controlled lots to Stanley Martin’s already-potent Southeast axis of operating platforms.

The acquisition bolsters Stanley Martin’s position across Florida, extending its reach beyond Orlando and Tampa into virtually every major growth corridor across the state.

Peel back the surface details, however, and this latest combo begins to reveal a larger, more potent reality in U.S. homebuilding concentration.

This is the second meaningful acquisition Stanley Martin has announced in less than six months, following its agreement earlier this year to acquire United Homes Group. Consider those transactions together – not separately – and a broader strategy begins to emerge.

Rather than simply assembling volume, Stanley Martin appears to be building operational density – footprint cohesion – throughout the eastern United States.

In this ever-intensifying competitive jockeying, competition isn’t simply over who can build the most homes. What’s clarifying is that the real, enduring spoils will go to the one(s) who can build the strongest operating system.

Beyond bigger: the hyper-scale era

The homebuilding industry has entered what increasingly looks like a new phase – one in which scale alone is no longer enough.

Call it homebuilding’s Hyper-scale Era.

The organizations gaining strategic advantage are not merely adding closings or climbing annual rankings. They’re assembling integrated operating platforms capable of deploying capital more efficiently, securing land earlier, attracting leadership talent, strengthening relationships with municipalities and trade partners, improving purchasing leverage and delivering a more consistent customer experience across increasingly larger regional footprints.

The objective isn’t simply to amass volume.

It’s to become structurally stronger, to work greater local clout and leverage into every workflow in an enterprise’s building lifecycle.

Holiday Builders fits squarely within that framework.

The company brings four-plus decades of operating experience across Florida’s most important growth markets, stretching from the Panhandle through Central Florida, across the Space Coast, into Southwest Florida and throughout the state’s rapidly expanding interior counties.

And doing it through some of the most brutal housing cycles an operator can ever have to weather.

For Stanley Martin, those markets don’t represent a new experiment.

They fill in an increasingly continuous – and more and more contiguous – operating geography.

Combined with Stanley Martin’s established Mid-Atlantic footprint – and the pending acquisition of United Homes Group’s operations throughout the Carolinas and Georgia – the company is steadily assembling something that resembles an uninterrupted operating corridor running from Delaware to Florida.

That’s an adaptation of the notion of scale, different than the industry traditionally has used.

It is less about national presence than regional preeminence.

Daiwa House’s American architecture

The Holiday Builders acquisition also provides another glimpse into what Daiwa House appears to be building in the United States.

When the Osaka-based housing giant acquired Stanley Martin in 2017, the transaction was viewed largely as another example of Japanese investment flowing into American homebuilding.

Nearly a decade later, that interpretation feels incomplete.

Taken together with Daiwa House‘s ownership of Texas-based CastleRock Communities and California-based Trumark Companies, Stanley Martin increasingly appears to function as one pillar within a much broader American operating architecture.

Each company retains its own leadership, culture and regional expertise. Each continues operating under its established brand. As a powerhouse triad, they provide Daiwa House with meaningful positions across three of America’s most important housing regions.

Stanley Martin anchors the eastern United States. CastleRock Communities provides scale in Texas and beyond, one of the nation’s most strategically important homebuilding markets.

Trumark Companies extends the platform across California and the western United States, with expertise spanning both homebuilding and multifamily development.

Viewed independently, those companies are successful regional builders. Viewed collectively, they begin to resemble something more powerful: an integrated portfolio of operating platforms positioned to share capital, experience, leadership development, product development, building and operational technology and long-term strategic thinking, while remaining deeply rooted in their respective local markets.

Holiday Builders strengthens that architecture rather than changing it.

Steve Alloy’s operating thesis comes into focus

One reason the Holiday Builders transaction feels strategically important is that it aligns closely with the operating philosophy Stanley Martin President and CEO Steve Alloy has been articulating for several years.

Alloy has consistently emphasized operational capability over headline growth. That philosophy became particularly evident last year when Stanley Martin monetized approximately $700 million through the sale of the Devlin Technology Park property in Northern Virginia.

Originally assembled for residential development, the land ultimately generated far greater value as one of the Washington region’s emerging data-center corridors. Rather than simply pursuing another community, Stanley Martin recognized that changing market conditions had created a different opportunity – and acted accordingly.

That transaction demonstrated something larger than financial discipline. It demonstrated strategic optionality. The company showed it could create value not only by building homes, but by recognizing when its land assets could generate greater long-term returns through entirely different uses.

Seen alongside the acquisitions of United Homes Group and Holiday Builders, the pattern becomes increasingly difficult to dismiss as coincidence. Stanley Martin is not merely adding communities. It is improving the quality, flexibility and resilience of its operating platform.

That distinction may prove increasingly important as competition intensifies among the industry’s largest organizations.

Phase two

The Holiday Builders acquisition also suggests that Japanese investment in American homebuilding has entered a new chapter. The first phase was about establishing meaningful positions in the United States.

Daiwa House acquired Stanley Martin.

Sekisui House built its presence through Woodside Homes, Chesmar Homes, Hubble Homes and, ultimately, MDC Holdings.

Sumitomo Forestry steadily assembled one of the industry’s broadest portfolios before agreeing earlier this year to acquire Tri Pointe Homes.

More recently, companies such as Misawa Homes and Hajime Construction have entered the market through majority investments in Visionary Homes and Wright Homes, respectively, signaling that the next generation of Japanese housing enterprises is following a similar path.

The first decade was about entering America. The second appears increasingly focused on optimizing America.

Rather than simply acquiring builders, these organizations are assembling regional operating systems – talent and capability platforms that can produce compounding advantages across purchasing, land acquisition, technology, manufacturing, talent development and capital deployment.

That evolution may ultimately prove more consequential than any single acquisition.

Because what is emerging isn’t simply a larger collection of builders. It is a different model for competing in American homebuilding. It is a different model for competing in American homebuilding

This post was originally published on here. 

The IDF killed two Palestinian Islamic Jihad (PIJ) terrorists in separate strikes directed by the Shin Bet (Israel Security Agency) in the Gaza Strip, the military said on Monday.

The first PIJ terrorist, Taher Ahmad Salem Abd al-Wahed, infiltrated the Nova music festival on October 7, 2023, and commanded the abduction of Haifa resident Inbar Hayman‘s remains, after she was killed by infiltrating terrorists.

The IDF killed him in a strike on Friday, the military confirmed.

The other PIJ terrorist, Salah Subhi Salah Qatrawi, was killed after planning attacks against IDF soldiers in the area of Gaza Humanitarian Foundation (GHF) aid distribution centers, the military stated.

Hayman was 27 years old when her death was confirmed to her family by Israeli authorities in December 2023, with her body held in Gaza for over two years.

Hayman was the only woman left in Hamas captivity for most of the war’s duration, following the release of almost all the female hostages held by Hamas during the November 2023 releases.

She had served as a commander in the IDF’s mixed-gender Caracal Battalion, a detail confirmed by the military following the release of her body.

The ‘Free Pink’ slogan

Hayman was known through her graffiti art as “Pink” and “Raven,” which led to the slogan “Free Pink” being used as a call for her release following the massacre.

She had attended the Nova festival as a “helper,” supporting dancers who were feeling unwell.

“Our beloved Inbar has come home, to her parents, to her brother, and to us,” her family said in a statement shared through the Hostages and Missing Families Forum upon the release of her body.

“This is a feeling that cannot be described, joy mingled with profound sadness,” the family said. “Now, Inbar will receive the rest and honor she so profoundly deserves.”

“We are sure that if Inbar were here with us today, she would have urged us to continue fighting for all 19 of her fellow hostages who remain in captivity,” the family continued.
 
“Our Inbar, the salt of the earth, served as a commander in the Caracal Battalion for three years,” the forum relayed. “We salute you and invite the entire public to join us in honoring you, a hero of Israel.” 

Sam Halpern and James Genn contributed to this report.

This post was originally published on here. 

The IDF legal division’s rollout of its probes into alleged war crimes in its conduct of the Gaza War has been delayed again, The Jerusalem Post has learned.

On June 18, the Post exclusively reported that IDF Military Advocate General Maj. Gen. Itay Offir would be issuing multiple major decisions regarding the Gaza war crimes allegations within the coming weeks.

The April 2024 World Central Kitchen incident, the March 2025 International Red Crescent incident, and a few other high-profile incidents, in which sizable numbers of foreign aid workers or civilians were killed, were expected to be among these decisions, which were to be the first that Offir would have been publicizing relating to Gaza since he took office in November 2025.

The source for the delay is unclear, but it appears to be based on pressure from outside the IDF legal division, and possibly outside the IDF itself.

Further, the Post has received the impression that the Justice Ministry would have supported publication of the reports as originally scheduled.

Moreover, the Foreign Ministry did not deny that it had sought to delay publicizing the report, though it also did not confirm.

Prime Minister’s Office denies being source of delay

The Prime Minister’s Office responded that they were not the source of the delay.

However, generally Prime Minister Benjamin Netanyahu and Foreign Minister Gideon Sa’ar have taken a combative approach, as opposed to a dialogue approach, to any allegations of IDF war crimes by the International Criminal Court (ICC) specifically, and by international judicial bodies in general.

While the dialogue approach of sharing the maximum amount of information available and as rapidly as possible from IDF probes was Israeli policy before October 7, 2023, since the start of the war, prying loose details about IDF probes has been more like pulling teeth.

Top Israeli legal officials have expressed concern that any data they provide could be abused by the ICC, the International Court of Justice, and others in war crimes cases.

In 2024, the IDF issued a couple of very general and generic updates about its probes, but the last update was filed in August 2024.

As early as mid-2024, and then again in January 2025, and in multiple instances since then, top IDF sources committed to or implied to the Post that decisions on high-profile probes would be published very soon.

However, it appears that when IDF Chief of Staff Lt.-Gen. Eyal Zamir replaced Herzi Halevi, the rollout was delayed, and eventually there were other delays, likely with pressures from beyond the military.    

The next watershed moment came in October 2025, when Offir’s predecessor, Yifat Tomer Yerushalmi, suddenly resigned along with some of her top staff. She resigned after admitting to illegally publicly leaking a video of evidence in the Sdei Teiman saga.

It was clear that when Offir took office, there would be some kind of a pause in rolling out public announcements, as he would need time to study the cases himself before making decisions and approving material for publication.

Some sources are at least hopeful that the report will still be published before Israel’s upcoming October 27 elections, and that such election considerations will not delay the report further.

WCK, Islamic Red Crescent high-profile alleged war crimes incidents

Regarding the WCK incident, a fascinating twist is that Offir himself is not making the decision.

In prior capacities as the Defense Ministry legal adviser, Offir apparently worked very closely with IDF Col. Nochi Mendel, one of the key commander-suspects, on a number of projects.

Although this does not necessarily violate the “conflict of interest” definition to technically disqualify him from rendering a decision the way it would if the two were family members, Offir did not feel that he could objectively judge Mendel, or at least wanted to remove even any perception of favoritism.

For that reason, IDF Chief Prosecutor Col. Eli Levertov will be issuing the decision regarding WCK.

Levertov became IDF chief prosecutor in August 2025, only around two months before Tomer-Yerushalmi’s resignation.

However, regarding the International Red Crescent case and a couple of other case decisions which will be issued, Offir’s broader approach is clear.

He will not look into these cases in a vacuum or from the perspective of a law school professor in an ivory tower.

Looking at the cases in perspective

Rather, he will look at the cases from the perspective of the IDF having been engaged in a war to topple Hamas in Gaza as a response to a massive and monstrous invasion.

He will also take note of all of Hamas’s techniques of systematically using human shields and civilian locations throughout the Strip to fight the IDF, including using women and children with white flags to try to entrap and kill IDF soldiers.

In other words, there will be a heavy burden of proof to meet before concluding that an IDF soldier who killed innocent Palestinians did so with deliberate intent, as opposed to by mistake in difficult circumstances and the gray fog of war.

There may be indictments and punishments for harming or killing Palestinians, such as an incident in February where IDF soldiers were recorded beating an innocent Palestinian without any obvious cause or an incident earlier this month in which IDF soldiers killed a Palestinian baby in a car.

The Post understands that there are more than five additional incidents where IDF soldiers beat Palestinians in the West Bank and are being probed or prosecuted since Offir took office.

One difference between Offir and other MAGs could be he may also make less of a public show around such cases. Still, Israel may decide on a diplomatic level to privately report them to international bodies like the International Court of Justice so such bodies cannot claim that Israel does not prosecute its own.

This post was originally published on here. 

Pakistan has been negotiating an expanded defense pact with Kuwait in exchange for energy cooperation and investment, according to five sources with knowledge of the talks.

The talks remain at an early stage, all the sources said, and could still be complicated by heightened tensions between the United States and Iran, said one source.

Reuters reported on Thursday that there were mounting concerns in Islamabad that its mutual defense pact with Saudi Arabia, signed last year, could draw Pakistan into the US-Iran war. After the Iran-aligned Houthi movement launched an attack on Saudi Arabia on Monday, nuclear-armed Pakistan told Iran it would treat attacks on the kingdom as attacks on itself.

Any defense deal with Kuwait, which has come under heavy attacks from Iran this year, would also raise questions about Pakistan’s role in future mediation between the US and Iran.

Kuwait has had a more limited defense deal with Pakistan for training and joint exercises since 2023. It is now seeking a show of force by Islamabad that would be similar to Pakistan’s pact with Saudi Arabia, including “thousands of Pakistani troops on the ground, fighter jets, drones, an air defense system, and other defense-related facilities,” said a Pakistani government official.

‘Kuwait’s wish list includes everything,’ Pakistani official says

It is unclear whether Pakistan is willing to go this far, given that its agreement with Saudi Arabia was the result of a decades-old close alliance with Riyadh.

“Kuwait’s wish list includes everything,” said a Pakistani security official with knowledge of the talks. “But let me be clear about one thing: We are not, and we cannot consider a deployment of combat troops at this stage.”

A Middle Eastern source confirmed that Kuwait has been in conversations with Pakistan, including about defense procurement, but said it was “not clear this will amount to a defense pact per se.”

Reuters spoke to four Pakistani sources and one Middle Eastern source, none of whom was authorized to speak on the record.

Pakistan’s military media wing and Kuwait’s information ministry did not respond to requests for comment.

 Search for defense alternative

Pakistan and Gulf states have over the past year seen advantages to striking new regional defense pacts.

Pakistan maintains a large military and produces its own fighter jets. This has made it a possible alternative or addition to US protection among Gulf states, as they have grown more wary about the reliability of the US as an ally.

Pakistan is seen in Kuwait as a safe bet, said a source in the Middle East familiar with Kuwait’s security planning.

“They are already in with the Saudis, they have a long history of defense development, they are Muslim Sunni, they have a good relationship with the Americans, so it’s not as sensitive as some other options,” the source said.

Turkey, Pakistan and Saudi Arabia have been preparing a draft agreement for a mutual defense pact, separate to the one Islamabad has with Saudi Arabia. Meanwhile, Bahrain is interested in a similar pact, one source said, and Jordan has expressed interest in a weapons and training deal, three sources said.

 Barrels for boots

Pakistan has viewed defense deals with neighboring nations as a way to shore up investments the country urgently needs.

As part of the possible deal with Kuwait, Islamabad would want cooperation on energy security, part of a wider push by Pakistan’s energy ministry to boost its oil and fuel reserves.

Kuwait is exploring a bonded fuel storage with Pakistan that would build on an existing government-to-government diesel supply deal between the two countries, a Pakistani source aware of the talks said.

Such offers could still be sufficiently attractive for Pakistan’s leadership to pursue a larger defense deal, said two sources, adding that negotiations were expected to pick up in speed once US-Iran tensions subside.

Analysts cautioned that this might prove wishful thinking. “Pakistan has to be cognizant of dangers of over-commitment,” said Muhammad Faisal, a South Asia researcher at the University of Technology in Sydney.

This post was originally published on here. 

An 80-year old man was killed, and several people were injured due to a partial building collapse on Jerusalem’s Keren Kayemet Boulevard on Monday, United Hatzalah said.

“A man in his 80s was rescued by fire crews while lifeless,” a United Hatzalah paramedic said. “Unfortunately, he was pronounced dead at the scene due to the severe injuries he suffered.”

According to the Fire and Rescue Authority, a second-floor balcony in the 3-story building collapsed onto a ground-floor restaurant, causing significant damage.

Two trapped victims were rescued early on by civilians in the area, the authority added.

Israel Police said later on Sunday that a total of five people were rescued with minor injuries.

Rescue teams respond to a partial building collapse on Jerusalem’s KKL Street, July 20, 2026. (credit: Israel Fire and Rescue Authority)

A senior MDA paramedic described his experience in the rescue efforts, having been nearby when the collapse occured.

“I was on a nearby street when I suddenly heard a loud noise. I rushed to the source of the noise and saw in the distance a balcony that had collapsed on a business, extensive destruction, and frightened people who needed help,” the paramedic said. “I immediately reported the incident to the MDA hotline and went to the scene with my immediate response vehicle.”

‘Frightened, injured people’

He added that MDA rescue efforts were assisted by several civilians in the area.

“We arrived at the scene in large numbers and noticed a number of frightened, injured people coming towards us, and a man trapped among all the rubble in critical condition,” MDA paramedics said. “While the firefighters were carrying out the rescue operations, we began providing medical treatment to a woman aged about 80 and two young men aged about 16 and 17 in light condition with abrasions on their bodies, who were evacuated to the hospital.”

United Hatzalah said they provided assistance to several victims with minor injuries, as well as others suffering from anxiety-related symptoms.

Police ask public to avoid area

One of the victims was brought to Jerusalem’s Shaare Zedek Medical Center in light condition, the hospital confirmed.

Israel Police officers are assisting rescue teams on site and have asked the public to avoid the area, noting that roads leading to the collapse site have been blocked.

Police said they are investigating the circumstances of the collapse and evaluating the structure’s integrity.

This post was originally published on here. 

The US has been carrying out strikes in Iran for nine days, including a number of attacks on bridges and tunnels near the Iranian port city of Bandar Abbas. What comes next in the American conflict with Iran?

This is an important issue because both the US and Iran have goals in this conflict, but those goals are not entirely clear, and they are definitely not the same.

Iran wants to preserve its ability to terrorize the region and carry out attacks across thousands of miles of front line stretching from Iraq and Jordan to Bahrain and Oman in the Gulf.

The US, on the other hand, wants the Strait of Hormuz to be open to shipping. It is worth recalling that prior to the recent round of attacks, there was a Memorandum of Understanding between the US and Iran that was supposed to move toward some kind of deal.

However, the Iranians continued to attack ships trying to transit the Strait of Hormuz. The Iranian attacks on ships culminated in several attacks on July 6 and 7. It was those Iranian attacks on shipping that led to the recent US strikes. The strikes have gone on for around nine days, but they basically began in the wake of the July 7 incidents.

US focuses on logistics targets near Gulf

What matters for our purposes is what exactly the US tactic or strategy is. So far, US Central Command has been carrying out strikes on a number of logistics sites, such as a terminal at a port in southern Iran, as well as bridges and some tunnels, and obviously a long list of other Iranian capabilities.

These targets are mostly close to the Gulf and include air defense systems, radars, command-and-control systems, and other assets that would help the Iranians to terrorize vessels in the Strait of Hormuz.

The big question mark is whether Iran takes these strikes seriously, whether its capabilities are being degraded, and whether it feels that it should return to the negotiating table.

Iran may hint that it is willing to hold talks again and continue to play the “good cop, bad cop” game it has played in the past. In this scenario, the IRGC acts as the bad cop while the Iranian government plays the good cop.

The government pretends that it wants to negotiate, while the IRGC carries out attacks. The government then pretends that it didn’t know about them, or claims it will try to get the IRGC to moderate its behavior.

Iran has played this game repeatedly. This strategy works in Iran’s favor because it allows the regime to remain opaque and get away with attacks.

The US has recently shown that it is not going to let Iran get away with as many of these incidents. However, it is not entirely clear if the US wants a wider and larger war.

US pushed for stronger retaliation

A series of escalations has led to a push for the US to be stronger in its retaliation: The killing of two Americans in Jordan and a missing third American as a result of Iranian attacks; and the killing and wounding of Americans in Iraq

This leads to several questions about what comes next in the last week of July.

Will the US increase the attacks? Does Iran think that it can call what it perceives to be a US bluff? Does Iran think the US will run out of munitions, or that the US is not serious about some sort of ground offensive?

Clearly, the Iranian regime thinks that the sheer size of Iran, being a very large country that is four times the size of Iraq, means that Iran is insulated to some degree from a very costly ground war.

Then the question remains whether the US can get something from the Iranians in terms of opening the Strait of Hormuz, or whether the strait will continue to open and close amid rounds of violence over the coming years. Will this simply mean that countries in the region will move their exports of oil and other goods to other routes?

It is already clear that some of these countries are beginning to focus on Syria and other places as potential alternative routes.

This post was originally published on here. 

Two employees of France’s embassy in Tehran were aggressively harassed and detained by Iranian security forces on Sunday, French Foreign Minister Jean-Noël Barrot confirmed in a Monday X/Twitter post.

Barrot stated that both staff members were detained and interrogated for several hours without reason, with one being physically assaulted in the process. 

According to Barrot, the employees were eventually allowed to return to the French embassy and are safe, but will be returning to France in the coming hours.

“I informed the Iranian Foreign Minister that this extremely serious and unacceptable violation of the integrity of our agents cannot go without consequences,” Barrot stated.

He decried the incident as “shocking” and a “flagrant violation” of diplomatic immunities and privileges afforded to embassy staff.

This is a developing story.

This post was originally published on here. 

The Federal Aviation Administration (FAA) announced on Friday, July 17, that Boeing will once again be permitted to issue airworthiness certificates for newly built 737 Max and 787 Dreamliner aircraft beginning next week, restoring one of the company’s most significant regulatory authorities after years of intensive federal oversight following fatal crashes and manufacturing quality concerns. The decision represents a major milestone for the aerospace manufacturer and signals growing confidence in Boeing’s safety and production improvements.

The authority to issue airworthiness certificates is one of the most important responsibilities in commercial aviation. While the FAA continues to regulate and oversee every aspect of aircraft certification, allowing Boeing to perform the final certification process on qualifying aircraft is expected to streamline deliveries and improve production efficiency at a time when airlines worldwide continue waiting for hundreds of aircraft ordered years ago.

The restoration follows months of detailed evaluations conducted jointly by the FAA and Boeing. Since September 2025, federal inspectors and company representatives alternated responsibility for issuing final certificates before aircraft deliveries. Regulators compared the results from both processes and concluded Boeing consistently met federal certification standards, providing the confidence necessary to return the authority.

The decision marks another step in Boeing’s long recovery from one of the most difficult periods in its history.

In 2019, the FAA revoked Boeing’s authority to self-certify the 737 Max after investigations determined that design flaws in the aircraft’s Maneuvering Characteristics Augmentation System (MCAS) contributed to two fatal crashes that claimed 346 lives. The worldwide grounding of the aircraft triggered billions of dollars in losses, extensive congressional investigations, criminal and civil settlements, and sweeping reforms to aircraft certification procedures.

Regulatory scrutiny expanded again in 2022, when the FAA suspended similar authority for the 787 Dreamliner following manufacturing quality concerns involving fuselage assembly and production documentation. Deliveries of the wide-body aircraft slowed significantly while Boeing implemented corrective actions under close federal supervision.

The company’s recovery faced another setback in January 2024, when a door plug separated from an Alaska Airlines 737 Max 9 shortly after takeoff. Although the aircraft landed safely with no fatalities, the incident prompted another nationwide inspection program and renewed questions regarding Boeing’s manufacturing quality controls. The FAA subsequently imposed production limitations while requiring substantial improvements throughout Boeing’s factories.

Those oversight measures remain in place despite Friday’s announcement.

FAA inspectors will continue working inside Boeing production facilities, focusing on identifying manufacturing issues earlier in the assembly process rather than performing the final certification of completed aircraft. Federal officials emphasized that restoring certification authority does not reduce regulatory oversight or inspection requirements.

The FAA also confirmed that the decision applies only to aircraft models that have already completed federal certification. The 737 Max 7 and 737 Max 10, which remain under FAA review, are not included in the restoration and must still receive full regulatory approval before entering commercial service.

Production restrictions likewise remain partially intact. While the FAA has gradually increased Boeing’s monthly production allowance as manufacturing performance has improved, regulators continue monitoring output levels to ensure quality standards remain consistently high before authorizing additional increases.

For Boeing, the commercial impact is substantial.

Aircraft manufacturers receive the majority of an airplane’s purchase price only after delivery. Accelerating the certification process can shorten delivery timelines, improve cash flow, reduce inventory carrying costs, and help airlines receive long-delayed aircraft needed to expand routes and replace older fleets.

The decision also carries broader implications for the global aerospace supply chain. Thousands of suppliers throughout the United States and abroad depend on Boeing production schedules, while airlines continue facing strong travel demand and limited availability of new aircraft. Faster deliveries could ease some of those pressures over the coming months.

Despite the regulatory milestone, Boeing continues operating under one of the most closely monitored manufacturing environments in the aviation industry. Federal officials stressed that restoring certification authority reflects measurable progress rather than a return to pre-2019 oversight practices.

For investors, customers, and the aviation industry, the FAA’s decision represents another important step in Boeing’s effort to rebuild credibility after years of safety challenges. Whether that confidence continues will ultimately depend on the company’s ability to consistently deliver safe, high-quality aircraft while maintaining the manufacturing standards regulators now expect.

JBizNews Desk | Washington, D.C.

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

The insurer, which disclosed the breach in a securities filing late last week, doesn’t yet know how many people may have had their data accessed or what type of data was exposed.

This post was originally published here. 

The reality experienced by both Israelis and Palestinians resembles an endless television series. Each episode reinforces the same storyline. Every character knows the role they are expected to play. Every new event is interpreted through the same familiar script. The story teaches us that leaving the narrative is an act of betrayal, while remaining faithful to it guarantees our identity – and perhaps even our survival. Whether or not the metaphor is perfect, it captures something profoundly important about our conflict.

Both societies have developed powerful national narratives that shape not only our political opinions but also our understanding of ourselves. Families, schools, religious institutions, political movements, media, and social circles reinforce these narratives every day. They often tell us who we are long before we have the opportunity to discover who we might become.

Within such a narrative, questions become dangerous. Curiosity becomes suspicious. Listening to the other side becomes an act of disloyalty. The goal is no longer to search for truth but to protect the story itself.

The problem is not that Israelis and Palestinians remember history differently. Every nation has its own collective memory. The problem begins when our identities become dependent upon denying the legitimacy of the other’s story.

Once that happens, the conflict ceases to be merely political. It becomes existential. Every compromise feels like surrender. Every acknowledgment of the other’s pain appears to diminish our own. This intellectual prison has become one of the greatest obstacles to peace.

A great political opportunity

Ironically, we may now be approaching one of the greatest political opportunities in decades. Israel is expected to hold national elections in October. Palestinians are scheduled to elect a new parliament in November – the first national election in nearly 20 years. If both elections take place as planned, new political leadership could emerge on both sides within weeks of one another. Many already speak of political change. But political change alone will not be enough.

If new leaders continue speaking only within the boundaries of the old narratives, little will truly change. Governments may change, while the assumptions, fears, and intellectual walls that have trapped both societies remain exactly where they are.

The challenge before us is therefore much deeper than elections. We need the courage to step outside the narrow angle from which we have learned to see one another.

Perhaps the most difficult question is also the most important: Where should this new conversation begin? Many naturally prefer to speak only with those who already agree with them. That is comfortable, but history is rarely changed by comfortable conversations.

The dialogue that is needed

On both sides of this conflict, there are communities that have shaped the dominant narratives more than any others. Within Israeli society, religious Zionism has become one of the most influential ideological forces. Within Palestinian society, political Islam has profoundly influenced public identity and political discourse.

If we truly seek lasting change, these communities cannot remain outside the conversation. Ignoring them will not make them disappear. Defeating them rhetorically will not produce reconciliation. Sustainable political change will require engaging those who have the greatest ability to shape the future of their own societies.

That dialogue must happen on two levels. First, within our own communities. Israelis need difficult conversations among Israelis. Palestinians need equally honest conversations among Palestinians about identity, democracy, religion, violence, and the future they wish to build.

Second, across the border. Israelis and Palestinians who seek change must learn to speak directly with one another – including with those whose worldviews appear the furthest from their own.

This is not an exercise in public relations. It is an exercise in intellectual courage. It asks us to search our history not only for the reasons we have fought but also for the moments that remind us we have always lived alongside one another. It asks whether our religious traditions contain resources for coexistence instead of endless confrontation. Above all, it asks us to rediscover our shared humanity before asking one another to accept political compromise.

None of this requires Israelis to abandon their commitment to the security and future of the Jewish state. Nor does it require Palestinians to abandon their aspirations for freedom, dignity, and independent statehood. It requires something both simpler and more difficult: that we stop defining ourselves primarily through our opposition to each other.

The coming elections may open a political door unlike any we have seen for a generation. Whether we simply walk into another season of the same old story or begin writing a different one depends on whether we have the courage to step outside the narratives that have imprisoned us for generations. That may be the most frightening step either society can take. It may also be the most important.

The writer is a Palestinian political activist and reform advocate. He has become a prominent voice for democratic renewal, national elections, and institutional reform. He is a founder and head of New Path (Masar Jadid), a new Palestinian political party seeking to build a modern, accountable, and democratic political alternative.

This post was originally published on here. 

The Islamic Republic’s decision to attack Kuwait’s infrastructure is “unlikely” to push Gulf states to enter the war, even as civilians continue to pay the price for Tehran’s assault,  Dr. Courtney Freer, an Assistant Professor in the Department of Middle Eastern and South Asian Studies at Emory University and a senior nonresident fellow at the Gulf International Forum, told The Jerusalem Post on Monday.

Over the weekend, Iranian attacks caused significant damage at a power generation plant, a water desalination plant and several residential areas in Kuwait, attacks that Freer noted would have a significant impact on civilian life.

“It is worth pointing out that these could have a major effect on the country, given that this is the hottest time of the year,” she explained. “In past years, Kuwait has suffered electricity blackouts due to high demand for air conditioning as temperatures soar, so attacks on electricity infrastructure make the situation more precarious in summer.”

On Monday, temperatures in Kuwait reached a high of 41 degrees, and maximum forecasts for this summer predict some days to exceed 50 degrees.

Iranian attacks may lead Gulf states to pressure Trump to end war

“Iranian attacks on civilian infrastructure therefore may be an attempt to turn Kuwaitis and others in the Gulf states against the war, such that they will pressure the Trump administration to end the fighting,” Freer continued. “In the longer term, Iran wants the Gulf states to abandon their security ties with the United States, but this seems unlikely.”

Adding further weight to this, Iran’s IRGC put out a direct message to Kuwaiti and Jordanian citizens in mid-July, calling on them to expel American “occupiers” from their countries’ territory and “not to miss any opportunity to destroy the aggressive American institutions and to liberate the Islamic lands.”

Beyond creating pressure on the Gulf states to push the US to end the war, Freer noted that targeting civilian infrastructure was likely “tactically easier” for Iran to achieve given that there are more air defense systems in place over bases.

“Beyond that, attacks on US troops could bring a harsher response from the US,” she noted.

Iran claims Gulf states targeted Iranian infrastructure

Mirroring similar comments made to the Post by international relations expert Dr. Arman Mahmoudian, a research fellow at the University of South Florida’s Global and National Security Institute, Freer said that Iran has largely justified the attacks on civilian infrastructure by claiming its own infrastructure was targeted by Gulf states, despite evidence and statements to the contrary.  

“These claims have been repeatedly denied, as the Gulf states have explained that attacks are coming from US aircraft carriers and that US troops have remained on their soil for defensive purposes,” she said.

Though Iran has given no indication of letting up on its attacks on civilian infrastructure, Freer concluded her comments to the Post by stating that Gulf states are “likely to continue to pursue restraint and diplomacy.”

“They have said from the beginning that this is not their war, and so they, in my view, are unlikely to get involved aside from defending themselves and seeking to mediate, including through direct talks with Iran,” she said. “There has been a lot of talk about strengthening regional cooperation among the Gulf states, and I think that could be a longer-term shift, as well as the development of local defensive and military capabilities.”

This post was originally published on here. 

Every year, Tisha B’Av asks the Jewish people to undertake a difficult act of memory. We mourn the destruction of both Temples in Jerusalem and the calamities that followed. The day reminds us that Jewish history has known exile and return, despair and renewal.

This year, its lessons feel especially urgent.

The Jewish people face a period of profound tumult. Elections loom in both Israel and the United States. Debates over security, democracy, the balance of power between Israel’s institutions, religious pluralism, and the future of the Jewish state have grown increasingly bitter. Disagreements that once remained vigorous have, in too many cases, become personal.

At the same time, antisemitism remains alarmingly high. Jewish students face harassment on university campuses. Jewish institutions confront continuing security threats. Violent rhetoric has become increasingly common. At a moment when outside pressures demand unity and resilience, we too often direct our frustrations at one another.

Last month, I visited the Maimonides Synagogue in Cairo, the historic synagogue associated with the Rambam, one of Judaism’s greatest sages.

Standing there, not far from the pyramids, I thought about the endurance of Jewish civilization. We did not survive because history treated us kindly. We survived because Jews remained committed to Judaism and to one another.

Maimonides lived through exile, upheaval, and fierce intellectual disagreement. Yet he devoted his life to preserving a common Jewish inheritance. In The Guide for the Perplexed, he wrestled with the relationship between philosophy and faith. In the Mishneh Torah, he organized Jewish law so that it could remain accessible wherever history carried the Jewish people.

His work reflected a belief that disagreement need not divide a people, provided the argument remains grounded in responsibility for their shared future.

That lesson belongs at the heart of Tisha B’Av.

Our tradition teaches that the Second Temple fell because of sinat chinam, baseless hatred among Jews. Historians rightly point to the political, military, and economic forces that led to Jerusalem’s destruction. Our sages chose to emphasize the moral failure within the Jewish community.

Their warning has lost none of its force. Division does not merely make a people angrier; it makes them weaker.

Jewish tradition has never demanded uniformity. The Talmud records disagreement on nearly every page. Jews have argued over law, theology, philosophy, and politics for thousands of years. Those arguments helped sustain Judaism across continents and centuries.

The danger begins when disagreement hardens into contempt and political opponents begin treating one another as enemies.

There is a difference between arguing over the future of the Jewish people and arguing that someone has no place in it.

We should not abandon our convictions or pretend that the questions facing Israel and the American Jewish community lack consequence. They deserve serious debate and passionate advocacy. But those with whom we disagree remain part of the same people.

How to preserve the Jewish people

History shows what happens when factionalism overwhelms shared purpose. Internal discord has weakened the Jewish people before, often at moments when threats from beyond demanded cohesion. We should not assume that our generation is immune from the same mistake.

That danger is particularly clear today. Those who attack Jews do not distinguish between Orthodox and Reform, Progressive and Conservative, American and Israeli. They do not ask how we voted, what we believe about the Israeli government, or which synagogue we attend.

To them, we are Jews.

Our enemies understand that we are one people. We should not need their hatred to remind us.

That recognition should not erase our differences. It should place them in perspective.

Tisha B’Av is not merely a day to mourn what was destroyed. It is a day to consider what we are responsible for preserving. The Temple fell nearly 2,000 years ago. The Jewish people endured. Through exile, persecution, and dispersion, Jews carried forward a civilization grounded in covenant, learning, and responsibility for one another.

The question on Tisha B’Av is not only what destroyed Jerusalem. It is what we are doing to preserve the Jewish people now.

As another season of difficult political choices approaches, we should remember that strong disagreements need not become permanent divisions. We can defend our principles without denying one another’s place within the Jewish people.

The Romans destroyed the Temple. We bear responsibility for ensuring that our own divisions do not weaken what generations of Jews struggled to preserve.

The writer is CEO of the Conference of Presidents of Major American Jewish Organizations. His opinions are his own and do not necessarily reflect those of the 50 members of the Conference.

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Applications are currently being accepted for 169 affordable apartments in the Bronx. As part of the second phase of the two-building Starhill development in Morris Heights, 51 Featherbed Lane includes 244 residences, including 74 supportive housing units for formerly homeless individuals and families with on-site supportive services. New Yorkers earning 40, 50, and 60 percent of the area median income can apply for the units, priced from $777/month studios to $2,142/month three-bedrooms.

Credit: NYC Department of Housing Preservation and Development

Developed by Services for the UnderServed (S:US) and Bronx Pro Group and designed by Marvel Architects, Starhill occupies the largest single-use lot in Morris Heights, spanning nearly two acres just north of the Cross Bronx Expressway, as 6sqft previously reported.

The site was originally developed in the early 1990s as the borough’s first hospital dedicated to hospice care for cancer patients.

S:US acquired the site in 1979 and later converted it into a residential treatment center for individuals struggling with addiction. Due to deteriorating conditions and changes in cancer treatment practices, residents were relocated and the building was demolished in 2019.

An aerial rendering of the entire Starhill project. Credit: Marvel Architects

The project is slated to deliver 570 total affordable apartments, along with much-needed open space in Bronx Community Board 5. In June 2024, a housing lottery opened for 125 apartments under the project’s first phase.

Starhill Phase II, which began construction in July 2024, features 244 units across 219,560 square feet. It also includes 11,500 square feet of public open space, a rear yard, and a passive recreation area for residents on a second-floor terrace, according to Bronx Pro Group.

Of the 244 units, 74 are supportive homes, with residents having access to on-site supportive services provided by S and funded through the city’s 15/15 Supportive Housing Initiative. Established by Mayor Bill de Blasio in 2015, the initiative committed to developing 15,000 supportive housing units over 15 years.

Amenities include a shared laundry room, bike storage lockers, an on-site superintendent, free WiFi, a residents’ lounge, a rear yard, and a landscaped terrace. The apartments feature energy-efficient appliances and hardwood floors.

Phase II is financed through the city’s Department of Housing Preservation and Development and the Housing Development Corporation’s ELLA Term Sheet, established in June 2024. The entire development is estimated to cost roughly $172 million.

Nearby public transit options include the 4, B, and D subway lines, as well as Metro-North Railroad’s Morris Heights station. Several bus routes are also located nearby.

Qualifying New Yorkers can apply for the apartments until September 8, 2026. Complete details on how to apply are available here. Preference for 20 percent of the units will be given to residents of Bronx Community Board 5.

Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

RELATED:

The post Lottery opens for 169 affordable apartments in Morris Heights, from $777/month first appeared on 6sqft.

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Former New York Governor Andrew Cuomo issued a stark warning to local leadership, arguing that the rise of Democratic socialist policies and aggressive new taxes on high-net-worth residents is directly causing capital to flee to low-tax red states.

Speaking in an exclusive FOX Business interview, Cuomo said that the current political climate is actively chasing wealth and corporations out of the Empire State in favor of southern tax havens, leaving mainstream Democrats divided over the party’s economic future.

“Pick up the garbage, fill the pothole[s], do your job. Bring people to New York, create jobs, don’t demonize corporations. Don’t demonize the rich. Don’t chase people out of New York, which is exactly what [Mamdani] is doing. And you’re seeing the wealth transfer to southern states,” Cuomo told Maria Bartiromo.

In April, New York City Mayor Zohran Mamdani and New York Gov. Kathy Hochul unveiled a joint legislative proposal targeting luxury second homes worth $5 million or more. Known as a pied-à-terre tax, the annual surcharge is expected to generate an estimated $500 million from affluent out-of-state property owners.

ANDREW CUOMO WARNS CONGRESS IS RUNNING OUT OF TIME ON BLOCKCHAIN REGULATION, SAYS FAMILIES COULD SAVE ON FEES

Mamdani has previously said revenue from the tax would go toward initiatives such as free childcare, cleaner streets and safer neighborhoods.

“Socialism has not worked anywhere on the globe,” Cuomo said. “Promises of free lunch, free buses, free rent, free everything. There is no such thing as ‘free.’ Someone always pays. This is a dream. This is nirvana. This is utopia, and they’re selling to young people who are buying it. But it’s not going to work. And this socialist movement is the best thing the Republicans have going for them.”

“It is a major problem for the Democrats. And again, I think the energy comes from the anger of Trump, and they’ve misdirected that anger. But it is a real problem for the Democrats, and as I said before, it’s the best thing the Republicans have going for them,” he added.

According to the Citizens Budget Commission, New York City lost more residents across all income levels than it gained throughout 2025. The city’s population posted a net loss of 114,000 residents.

Cuomo said he increasingly finds himself politically estranged from the modern Democratic Party, which he said has adopted highly disruptive regulatory and economic agendas.

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“The Democratic Party is in the middle of the Civil War, right? And you have moderate mainstream Democrats such as myself, which have been challenged by the far-left extremists,” the former governor said.

“I’m too moderate for the Democrats, which is ironic, since I had the most progressive record as governor in the United States of America,” Cuomo said while noting his anti-discrimination and minimum wage legislation. “It’s not about facts. It’s not about merits. It’s about the politics of the moment, and right now, socialism is cool.”

READ MORE FROM FOX BUSINESS

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Bell Works Fort Monmouth, one of New Jersey’s largest mixed-use redevelopment projects, has secured a $60 million bridge loan to support continued leasing, tenant expansion, and the next phase of development at its Tinton Falls campus. The financing underscores continued investor confidence in large-scale adaptive reuse projects that are transforming former corporate and military properties into modern economic centers that generate jobs, attract investment, and strengthen regional business growth.

The financing is specifically for Bell Works Fort Monmouth, a redevelopment located in Tinton Falls on the former Commvault headquarters campus within the Fort Monmouth redevelopment area. Although it shares the Bell Works name and mixed-use concept with the well-known Bell Works campus in Holmdel, the two are separate real estate assets with independent ownership entities, financing arrangements, and development plans.

That distinction is important because the Bell Works brand has become synonymous with one of New Jersey’s most successful redevelopment stories. The original Bell Works Holmdel transformed the historic former Bell Labs campus into a thriving “Metroburb,” combining corporate offices, restaurants, retail, healthcare, entertainment, fitness, public gathering spaces, and community programming under one roof. The project’s success demonstrated that aging suburban office campuses could be reinvented into vibrant mixed-use destinations capable of attracting both employers and the public.

Building on that success, Inspired by Somerset Development, led by Ralph Zucker, expanded the concept to Fort Monmouth. While both developments operate under the Bell Works brand and are being developed by the same organization, each property stands on its own financially. Separate ownership structures and financing are standard practice in commercial real estate, allowing each project to obtain financing based on its individual performance and leasing activity. As a result, today’s $60 million bridge loan applies exclusively to Bell Works Fort Monmouth and does not affect the original Bell Works Holmdel property.

Bell Works Fort Monmouth has continued to attract a diverse mix of tenants, reflecting growing demand for flexible workplaces that combine office space with restaurants, retail, wellness services, hospitality, and community amenities. Among the campus’s highest-profile tenants is Jersey Mike’s, which relocated its corporate headquarters there, joining a growing roster of private companies, professional service firms, technology businesses, government agencies, and nonprofit organizations. The development has steadily expanded its occupancy while creating an environment designed to encourage collaboration, innovation, and community engagement.

The project also represents a significant milestone in the long-term redevelopment of the former Fort Monmouth military installation, one of New Jersey’s largest economic redevelopment initiatives. Since the military base closed, state and local leaders have worked to transform thousands of acres into a diversified economy featuring commercial development, residential communities, education, healthcare, technology, hospitality, and public open space. Bell Works Fort Monmouth has emerged as one of the flagship private-sector investments supporting that broader vision.

For New Jersey’s commercial real estate market, the financing arrives at a time when developers continue rethinking the future of office properties. Across the country, many traditional suburban office campuses have struggled with changing workplace patterns and increased remote work. Rather than allowing these large properties to remain underutilized, developers are increasingly converting them into mixed-use environments where businesses, residents, restaurants, retailers, healthcare providers, and entertainment venues operate side by side. This model not only creates additional economic activity but also generates construction employment, permanent jobs, local tax revenue, and increased consumer spending throughout surrounding communities.

The new financing is expected to provide additional flexibility as Bell Works Fort Monmouth continues attracting tenants and investing in future improvements. Bridge loans are commonly used in commercial real estate to provide interim capital while projects stabilize, complete leasing objectives, or prepare for long-term financing. Securing this type of financing reflects lender confidence in the property’s future performance and long-term value.

The continued growth of Bell Works Fort Monmouth also reinforces New Jersey’s broader economic development strategy of revitalizing existing assets rather than relying solely on new construction. By transforming established properties into modern business destinations, projects like Bell Works preserve valuable infrastructure while creating environments capable of attracting employers from technology, healthcare, finance, professional services, and other high-growth industries.

As investment continues throughout the Fort Monmouth redevelopment district, Bell Works Fort Monmouth remains one of the state’s most closely watched commercial projects. The latest financing represents another milestone in its evolution and highlights continued confidence in New Jersey’s ability to attract capital, support business expansion, and create innovative spaces where companies and communities can grow together.

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

The industry has spent years scrutinizing Zillow’s lead business, and rightly so. Premier Agent’s ZIP-code auction and the “Contact Agent” routing that sends buyers to agent advertisers rather than listing agents are well documented, and they are now the subject of active litigation in Seattle.

A class-action filed in September 2025 by Alucard Taylor — represented by Hagens Berman, the firm behind the Moehrl commission case — alleges Zillow deceives consumers about who they are actually contacting and conceals the referral fees Flex agents pay.

The case has since broadened: an amended complaint in November 2025 added RICO claims.

That fight will play out in court. But it has crowded out a quieter issue that deserves its own scrutiny — one that touches far more consumers than the contact button ever will: the agent directory itself.

What consumers think the directory is

When a buyer or seller uses Zillow’s “Find an Agent” search, they believe they are looking at an objective leaderboard. They enter a neighborhood, see agents ranked with star ratings and sales figures, and reasonably assume the agent at the top is the strongest performer in that market. The interface presents as neutral. Most consumers have no reason to think otherwise.

It is worth being precise here, because the reality is more nuanced than the lead-routing critique — and the nuance is what makes it persuasive.

What the directory actually measures

Unlike the contact button, the directory is not a straight dollar auction. According to Zillow’s own published methodology, “Find an Agent” surfaces agents based on star rating, review volume, and the sales data agents attach to their profiles via their MLS IDs. Non-paying agents are included; profiles are built in part from MLS records and consumer reviews whether or not the agent advertises.

But the ranking signals are, almost without exception, measures of platform engagement rather than verified market production. Review counts reward the agents who most aggressively solicit reviews on Zillow specifically. Profile completeness rewards the agents who treat the platform as a marketing channel. Self-reported sales reward the agents who diligently feed every transaction back into Zillow’s system. Zillow does not publish the full weighting of its ranking algorithm.

The practical result: an agent’s position in the directory correlates strongly with how much they invest in Zillow as a channel — an investment most closely associated with paying Premier Agents — and only loosely with independently verifiable performance. A genuinely top-producing agent who built a referral-based business and never optimized a Zillow presence can rank below a lower-volume agent who works the platform relentlessly. The directory is better understood as a ranking of platform participation than of professional excellence.

This is not, to be clear, an allegation of fraud. Reviews and sales data are real signals, and many excellent agents rank well. The point is narrower and more important: a resource consumers treat as objective is in fact shaped by who engages with — and pays into — the platform, and that distinction is invisible to the people relying on it.

It is not unique to Zillow

Realtor.com — the portal operated under license to the National Association of Realtors — runs a closely comparable structure: it sells agent leads by ZIP code through Connections Plus and presents a “Find a Realtor” directory built on reviews and self-reported transaction history.

Homes.com markets a more agent-friendly “Your Listing, Your Lead” model that does not divert a listing’s leads to competitors — a meaningful difference — but its visibility is still tiered by spend, with paid members sorting above non-members in search and on neighborhood pages.

The agent-matching services vary the bias rather than removing it. HomeLight and Redfin’s partner program are arguably the closest to merit-based: HomeLight is invitation-only and matches on MLS production data (closed volume, days on market, list-to-sale ratio), and Redfin vets partners on close-rate standards. Yet, both still gate participation behind a referral fee — roughly a third of commission at HomeLight, 30–35% of the buyer-side commission at Redfin — so a high-performing agent who declines to participate is simply absent. Others, such as UpNest, optimize for the agent willing to discount commission most aggressively, surfacing the cheapest agent rather than the most qualified.

The common denominator is the part consumers never see: Across every major consumer-facing platform, no model ranks the genuinely best-performing agent independent of whether that agent pays or opts in. What surfaces at the top is substantially a function of commercial relationships, not independent merit — and there is no neutral, performance-only directory operating at consumer scale for anyone, human or machine, to consult instead.

The new wrinkle: AI is inheriting the bias, not correcting it

There was an assumption that AI-assisted search might finally give consumers an objective read — a tool capable of analyzing real performance data and identifying the genuinely top agents in a market.

So far, the opposite is happening.

When a consumer asks an AI assistant, or a generative search result, “who is the top listing agent in this neighborhood” — or simply “recommend me a real estate agent” — the response carries the tone of independent research. It is not. The model is not querying MLS production records, auditing closings or verifying performance.

For residential agent referrals, it is drawing its source material directly from the portals that dominate the open web and are most readily machine-readable — Zillow and Homes.com chief among them. In other words, the same pay-to-play platforms are functioning as the underlying research library for the AI’s “objective” recommendation. The consumer never sees that handoff.

The bias is therefore not filtered out. It is repackaged. Engagement-and-advertising-weighted rankings become the raw material for an answer that consumers perceive as neutral and authoritative — arguably more trustworthy than the underlying page, because it arrives stripped of the visual cues that might prompt skepticism. The model has not done the underlying work; it has restated, with added confidence, a ranking the portals were paid to shape.

For an industry already wrestling with consumer trust and the post-settlement value-of-an-agent conversation, this is a meaningful development. The mechanism by which the public identifies “the best agent” is being abstracted one layer further from verifiable reality, and made harder to interrogate in the process.

Why this should matter to the industry

For agents, the takeaway is a discipline this profession has always rewarded and a principle we coach relentlessly: never build a business on infrastructure you don’t control. Profiles, reviews and rankings hosted inside a single advertising platform are leased assets. The terms can change — they have changed before — and now an additional layer of automated distribution sits on top, amplifying whatever those platforms decide to surface.

Owned assets — a client database, a genuine brand, a verifiable community reputation, word-of-mouth referral flow — are the only foundation a downstream algorithm change cannot erase.

There is also a constructive response available, and it is not “buy more portal placement.” Because generative engines assemble answers from whatever is public, credible, and machine-readable, the rational play for an agent is to make the verifiable, self-controlled record of their production the easiest thing for those engines to find and corroborate.

n practice that means a fully built Google Business Profile; an owned website — on the agent’s own domain, not a brokerage subpage — that states real production data (homes sold, neighborhoods, price ranges) in plain text and carries structured data markup so it can be parsed:

  • Neighborhood-level content that directly answers the questions buyers and AI actually ask
  • Consistent name, credentials, and statistics across every public profile so the model can confidently attribute them
  • Reviews diversified beyond any single portal, beginning with Google
  • Corroborating mentions on independent, credible third-party sources, since models weight what is confirmed across many sites over any one claim.

None of this is a portal subscription. It is the same discipline of owning your distribution, translated for an era in which the first impression is increasingly rendered by a machine. Agents can sanity-check their footprint directly by querying the major AI assistants for the best agent in their market and noting which sources are cited — then closing the gaps those citations reveal.

For the portals and the AI platforms drawing on them, the harder question is one of disclosure. A consumer told they are seeing “the top agents” — whether by a directory or by a chatbot citing one — is entitled to know whether that ranking reflects performance or participation. Right now, most don’t know, and the systems aren’t telling them.

The lead-routing debate will be settled by the courts. The directory question — and the AI layer now amplifying it — is one the industry would do well to confront on its own, before consumers and regulators do it for us.

Tim and Julie Harris are co-founders of Tim & Julie Harris Real Estate Coaching, bestselling authors of HARRIS Rules and hosts of Real Estate Coaching Radio. For daily news, analysis and strategies for real estate professionals, visit Harris Real Estate Daily.The views expressed here are their own.

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

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

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Large banks posted double-digit mortgage volume growth in the second quarter of 2026 as a group, far outpacing industry forecasts and signaling that depositaries may be taking back some share from nonbank originators, according to Keefe, Bruyette & Woods analysts. 

The banks in KBW’s sample — JPMorgan Chase, Bank of America, Truist, PNC, Fifth Third, U.S. Bank and Wells Fargo — reported a combined $56.1 billion in second-quarter 2026 mortgage volume, up from $46.4 billion in the first quarter.

“Net/net, both bank earnings and securitization data suggests that banks took some share in 2Q,” the analysts wrote in a Monday report. “We think it’s too early to tell if this reflects any change in how banks are viewing mortgage exposure as a result of proposed changes to bank capital rules for mortgage loans and mortgages servicing.” 

The mortgage volume at the group rose 20.8% quarter over quarter and 20.1% year over year in Q2. That compares with a 3% Q2 origination gain projected by the Mortgage Bankers Association (MBA) and a 9% increase forecast by Fannie Mae.

Wells Fargo posted the largest quarterly percentage increase at 42.9%, while Truist reported 32.8% growth and Fifth Third, 31.6%. U.S. Bank was the only bank in the group with negative sequential growth, down 7.6% quarter over quarter.

Securitization data 

Agency securitization volumes also point to stronger activity among banks and mixed results for nonbanks. Total agency issuance — combining Fannie Mae, Freddie Mac and Ginnie Mae — climbed 11% quarter over quarter in Q2, KBW said.

Ginnie Mae issuance rose 20% from the first quarter to $159 billion, while GSE issuance increased 6% to $214 billion. JPMorgan, the largest bank securitizer in the data set, reported a 29% quarter-over-quarter gain in production.

Among large nonbanks, growth was more uneven. Rocket Companies’s combined Ginnie and GSE issuance increased 15% quarter over quarter, and Rithm’s grew 17%, outpacing the overall market. By contrast, United Wholesale Mortgage’s total agency issuance slipped 2% and PennyMac’s fell 3%.

“One caveat with the securitization data is that given the lag between closing and securitization, it won’t tie with mortgage volumes; however, we think it is likely to be directionally useful,” the analysts said. 

Capital rules

The report links the stronger bank performance to looming changes in bank capital treatment for mortgage loans and mortgage servicing rights (MSRs), though the analysts say it is too early to call a structural shift.

The proposed regulatory changes, expected to take effect this year, would remove the cap on MSRs as a percentage of common equity (currently 10% for Category I and II banks and 25% for all banks) and reduce risk weights on low loan-to-value, first-lien residential mortgages to as low as 20%, down from the current 50% applied to all first-lien residential loans.

Regulators also requested comment on lowering the 250% risk weight applied to MSRs, potentially to 100%, but that change was not formally proposed. The comment period closed June 18, and KBW said any MSR risk-weight cut could come later and possibly on a different timeline than the broader capital package.

“Given these changes, it is possible that banks are starting to modestly increase their mortgage exposure,” the KBW analysts wrote, while adding that banks are still unlikely to “meaningfully increase their role” in the mortgage market over the longer term.

Top banks could become more active in mortgages if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But they added that any shift in strategy is expected to take time.

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

This post was originally published on here. 

Polestar will not appeal a U.S. government decision preventing the Chinese-controlled electric vehicle manufacturer from selling future models in the United States, effectively ending its long-term presence in one of the world’s largest automotive markets and leaving dealers, customers and suppliers facing significant uncertainty. The company confirmed on Monday, July 20, that it will accept the Commerce Department’s decision rather than pursue an administrative or legal challenge, choosing instead to focus future investments on Europe and other international markets.

The decision follows the U.S. government’s implementation of national security regulations restricting connected vehicle technology tied to China and Russia. The rules prohibit certain software beginning with the 2027 model year and expand to specific hardware in later years, reflecting concerns that connected vehicles could collect sensitive information or provide foreign adversaries access to critical communications and vehicle systems.

Although Polestar is headquartered in Sweden, it is controlled by China’s Zhejiang Geely Holding Group, placing the automaker within the scope of the federal review.

The decision marks one of the most significant examples to date of how geopolitical tensions between Washington and Beijing are reshaping the global automotive industry. Rather than challenge the ruling, Polestar said it will redirect resources toward markets where it believes it can achieve stronger long-term growth.

What It Means for Americans Who Already Own a Polestar

For current owners, the news is not an immediate loss of their vehicle or its support.

Americans who already own or lease a Polestar can continue driving, registering, insuring and servicing their vehicles. The federal action does not require existing vehicles to be removed from the road, nor does it invalidate warranties.

Polestar has stated that it will continue providing:

  • Warranty coverage
  • Replacement parts
  • Maintenance and repair services
  • Software updates
  • Customer support

Existing dealerships and authorized service centers are expected to continue servicing vehicles already in operation.

However, owners could face longer-term challenges.

If dealerships eventually decide it is no longer economically viable to maintain Polestar operations, some customers may need to travel farther for repairs or wait longer for specialized parts. As the vehicle population gradually declines, fewer technicians may remain specifically trained on the brand.

Another concern is resale value.

Historically, vehicles from manufacturers that exit the U.S. market often experience weaker resale prices because buyers worry about future parts availability, dealership support and long-term software updates. While Polestar remains an operating global company, uncertainty surrounding its American future could place downward pressure on used vehicle values over time.

Dealers Face the Greatest Financial Risk

The company’s 32 U.S. dealerships now face a much more immediate financial challenge.

Many invested millions of dollars in dedicated showrooms, service equipment, technician training and inventory based on expectations that Polestar would continue expanding in America.

Once existing inventory is sold, those investments may generate little or no return.

Some dealers could attempt to convert facilities to other franchises, while others may seek compensation through state franchise laws that protect retailers when manufacturers withdraw from a market.

Whether those laws apply may ultimately become a legal question because Polestar’s withdrawal follows a federal government restriction rather than a purely voluntary business decision.

A Broader Warning for the Auto Industry

The decision extends well beyond one luxury EV manufacturer.

Automakers around the world increasingly rely on software, cloud connectivity, artificial intelligence and globally integrated supply chains. Companies with significant Chinese ownership, technology partnerships or software development may now face additional regulatory scrutiny before introducing future vehicles into the U.S. market.

Manufacturers are already reviewing supply chains and software architecture to ensure compliance with the Commerce Department’s connected vehicle regulations, which are expected to reshape sourcing decisions across the global automotive industry.

For Polestar, the decision effectively closes the chapter on future vehicle sales in the United States.

For dealers, it leaves millions of dollars in investments hanging in the balance.

For American consumers, ownership continues largely unchanged today—but questions remain about resale values, long-term service availability and the future of a brand no longer competing in the U.S. market.

JBizNews Desk | New York

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

This is the online version of STAT’s weekly email newsletter Health Care Inc. Sign up here.

Hello, everyone! I’ve seen upwards of 50,000 public comments on proposed health care regulations, but the 200,000 comments (!) on the SEC’s proposal to eliminate quarterly financial reports is jaw-dropping. Yes, a lot of them seem like automated templates from interest groups, but still. Some poor soul has to sift through them. I’d like to see you try to send 200,000 comments here (please don’t): bob.herman@statnews.com.

Site-Neutral Milk Hotel

The most consequential policy in Medicare’s recent outpatient rule is the cuts to drugs that hospitals get under the 340B discount program. But the Centers for Medicare and Medicaid Services subtly doubled down on another major policy that hospitals loathe.

Continue to STAT+ to read the full story…

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The US is planning to send additional F-16 and F-35 fighter jets to the Middle East as tensions with Iran continue to escalate, according to a Monday CNN report citing a US official.

According to CNN, the fighter jets, as well as additional aerial refueling aircraft, will be relocated from bases in Europe.

This is a developing story.

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Rabbi Dov Lando, spiritual leader of the haredi (ultra-Orthodox) Degel Hatorah faction, attacked the religious Zionist community, accusing them of waging wars that were not for Israel’s protection.

“If the country sends people, soldiers, in the name of the country’s honor, and they kill people, is that also allowed?” he questioned. “It’s simply murder. So they’re inciting to murder, that’s what they’re doing.”

Prime Minister Benjamin Netanyahu condemned Lando’s words, saying that IDF soldiers deserve gratitude and appreciation.

“IDF soldiers – religious, secular, and ultra-Orthodox – leave their homes, their work, and their families and risk their lives to defend the State of Israel, its citizens, and the entire people of Israel,” Netanyahu stated.

“They deserve deep appreciation, gratitude, and full support from every part of the public, and certainly from the world of Torah as well.”

Degel Hatorah later responded to Netanyahu, warning him not to attack the spiritual leader.

“The words of the great Torah scholars are the holy of holies of the people of Israel, and we live by them,” Degel Hatorah stated. “Those who do not live the world of the Torah and do not understand the depth of their words, it is better not to rush to interpret them, and certainly not to attack them. Beware of their burning embers.”

Lando orders students not to cooperate with IDF

Earlier this month, Lando instructed haredi students to not cooperate with the IDF or respect any drafting orders.

Lando argued in his ruling that throughout Israel’s history, there was an understanding with the “army authorities” that yeshiva students would not be drafted, and ultra-Orthodox leadership cooperated with the authorities in order to regulate the exemption.

However, according to Lando, the current situation is that the High Court has “declared war against the world of Torah,” and since the IDF was subject to the High Court ruling, ultra-Orthodox men should no longer cooperate

This post was originally published on here. 

Former English soccer player and manager Kevin Keegan has died at the age of 75, British media reported on Monday.

“It is with immense sadness that we announce that Kevin Keegan has passed away at the age of 75,” Keegan’s family said in a statement, as quoted by Sky Sports.

“The former England player and manager had been battling cancer and was surrounded by his wife and daughters in his final moments.”

“Kevin, a double Ballon D’Or winner, was a much-loved husband, father and grandfather. The family would like to thank Kevin’s incredible medical team for all their support,” it said.

This is a developing story.

This post was originally published on here. 

Joel Tauber has been through many an election in his 92 years. And, with the exception of “one out of 100 times,” he’s always backed a Democrat, something even more important in the current midterm cycle, he believes.

“Winning the Senate and the House is the beginning of a way back to our democracy,” Tauber, a founding chair of Jewish Federations of North America who has hosted former President Bill Clinton and other Democratic leaders, told the Jewish Telegraphic Agency. “It’s really, really important to me.”

But Tauber is a Michigan resident, and the state’s upcoming US Senate primary is making him deeply uneasy. Like many a Jew in the mitten state, he is pulling for pro-Israel centrist US Rep. Haley Stevens to win on Aug. 4. 

Should her opponent, former county health official and staunch Israel critic Abdul El-Sayed, prevail instead, Tauber would take a step he’s said he’s never done before: leave the Senate ballot blank.

“I’d sit it out,” he said, of the general election. Of El-Sayed, he said, “There’s no way that I could vote for him.” 

Traditionally Democrat fundraisers shift to planning for Republicans

Some Jewish Democratic leaders in the state are prepared to go even further. Several prominent Metro Detroit Jews who have traditionally fundraised for Democrats are also planning fundraisers for the presumptive GOP nominee, former US Rep. Mike Rogers, as a “hedge.” Others are planning to help him if El-Sayed wins the Democratic nomination, one Jew who is close to the Stevens campaign told JTA.

Others affirmed the idea that the Jewish Democratic donor class, feeling abandoned by the party, would back Rogers.

“There are leaders in our Jewish community who are longtime, lifelong Democrats and Democratic fundraisers, who are very concerned with where their party’s going,” said Dennis Bernard, national chair of government relations for the nonpartisan JFNA and a metro Detroit resident. “And if this is the case, they’ve made it clear, both financially and with their vote, that they would support Mike Rogers in the event El-Sayed wins the primary.”

Detroit-area Jewish Democrats have asked Bernard, over golf outings, for introductions to Rogers, he said. 

The reason: They see El-Sayed, who has questioned whether Israel should be a Jewish state and suggested that Democrats who support Israel only do so because of financial motives, as portending an existential threat to the national Jewish community. If he wins in a purple state, one in which pro-Israel Jews have for years butted heads with US Rep. Rashida Tlaib, the pro-Palestinian Democrat, some fear more candidates with similar views will follow, and lead to an unsafe environment for Jews in Michigan and beyond. They worry that increasingly hostile discourse creates an environment in which antisemitic harassment becomes more acceptable and Jewish political activism is considered suspect.

“This is a truly once-in-a-lifetime moment where you have to become a single-issue voter,” Bernard said. “And that issue is antisemitism, our Judaism and Israel. This is where you put party third: our people first, our country second.”

Left-wing congressional primary wins in New York, Colorado and other states have stoked anxiety over the Senate race here, as Michigan, also home to a large Arab/Muslim population, is morphing into a litmus test for the relationship between pro-Israel Jews and the Democratic Party. For the majority of American Jews who back liberal policies, a decades-long bond is being tested like never before.

A similar dynamic played out on a smaller scale after Zohran Mamdani, a vocal anti-Zionist, secured the Democratic nomination in New York City’s 2025 mayoral election. Then, several prominent Jewish donors backed a rival bid by former Gov. Andrew Cuomo, who ran as an independent while maintaining Democratic ties. Despite recent polling showing that 44% of American Jews hold a favorable opinion of the mayor, a higher favorability score than Israeli Prime Minister Benjamin Netanyahu, pro-Israel voters still regard his pro-Palestinian rhetoric as disquieting.

Gaza war and calls to boycott AIPAC strain Jewish-Democratic bonds

The backlash against Israel’s handling of the war in Gaza and growing calls to shun the pro-Israel lobby AIPAC are further straining Jewish-Democratic bonds, and, for some of the most influential of Michigan’s estimated 129,000 Jews, are on the verge of breaking them. 

Another Jewish leader told JTA that there was also an effort underway to convince pro-Israel Republicans to vote for Stevens in the state’s open primary, even if they later decide to vote for Rogers in the general election.

“Anyone who cares about the future of the US-Israel relationship, Democrat or Republican, needs to vote for Haley Stevens in the Democratic primary,” they said, requesting anonymity because they did not want to be seen as speaking for the community. The Republican Party is currently engaged in its own tug-of-war over Israel and antisemitism, with Vice President JD Vance recently criticizing Israel while entertaining conspiracy theories about its ties to Jeffrey Epstein on a popular podcast. 

When contacted by JTA, Halie Soifer, CEO of the Jewish Democratic Council of America (which is phone-banking for Stevens) and a native of East Lansing, Michigan, declined to comment directly on the possibility of the state’s Jewish Democrats backing Rogers over El-Sayed.

“Our focus is ensuring Haley Stevens wins the primary election,” Soifer said in a statement, also saying that El-Sayed’s “views are not aligned with the vast majority of Jewish Americans.”  

At Michigan’s Democratic convention earlier this year in Detroit, Stevens was booed by the rank and file while state Sen. Mallory McMorrow, who was then also running for the seat, alleged that an attendee directed an antisemitic remark at her Jewish husband. At the same convention, a lawyer for pro-Palestinian encampment participants, who himself had a history of social media posts supporting Hezbollah and retweeting antisemitic conspiracy theories from far-right podcaster Candace Owens, ousted a pro-Israel Jewish incumbent for the party’s nomination for University of Michigan board of regents, a statewide elected position. 

The convention was an inflection point for many top Jewish Democratic supporters. Many of these Jewish leaders declined to comment to JTA. Others said much of the enthusiasm for the broader party goals among the staunchly pro-Israel Jews of the Detroit suburbs has been drained.

“I’m feeling kind of confused, and it must be how my Republican friends felt once the Tea Party took over,” said Neil Gorosh, a retired commercial mortgage banker in West Bloomfield and past president of a local Jewish senior living community. 

Gorosh ran for office once: a local parks-and-recreation position in 1988. A Democrat during the George H.W. Bush-led GOP wave, he lost. Since then, he said, he has always backed Democrats while developing an elections calculus: He leads with local issues on local races, but Israel on contests of national import.

Accusing the Democrats of “completely rejecting Israel,” he added, “I’m rudderless right now.”

“If it came down to Mike Rogers and El-Sayed, I will vote for Mike Rogers,” Gorosh said. “I wouldn’t write a check, but I would vote for him, and I would tell my like-minded friends to do the same, and the reasons why.”

‘The Supreme Court is too critical to not support a Democrat,’ some believe

Michelle “Decky” Alexander, the Michigan Jewish Democratic caucus chair, was one of a very few Jewish leaders who told JTA on the record she would back El-Sayed over Rogers. She insists that there are many others. 

“This is what I’ve heard from Jews, even in Detroit: The Supreme Court is too critical to not support a Democrat,” she said.

Alexander recently had an hours-long sit-down with El-Sayed, she said, and believes “he absolutely would be open to dialogue.” In his rallies, the candidate has welcomed Jews and stated, “AIPAC and Israel are not the same as Judaism and the Jewish people.”

For now, though, the focus is purely on Stevens, who is not herself Jewish but represents a large slab of Oakland County, affluent, heavily Jewish Detroit suburbs that have trended liberal over the last few election cycles after formerly electing Republicans. While the Stevens campaign has not responded to interview requests for JTA, she recently told The New York Times that Israel is not a central issue for her and added, “I am not a Netanyahu apologist.”

The congresswoman’s Jewish backers are hoping to drive a strong enough voter turnout to neuter both El-Sayed and the national progressive insurgent movement he represents. (The Democratic Socialists of America are behind many of the emerging candidates, though El-Sayed himself is not a member of the group and has distanced himself from the socialist label.) 

Stevens’ supporters point to a growing number of encouraging signs, including endorsements from party leaders such as retiring Sen. Gary Peters, whose seat she hopes to fill. Chuck Schumer, the Jewish Senate majority leader, has also endorsed her. A recent poll commissioned by the Detroit News shows her ahead by seven points, though social media in recent days has been flooded with so many unflattering memes of Stevens on the campaign trail that El-Sayed himself denounced his supporters’ behavior. 

Another Detroit News poll this week shows that most likely Democratic voters have a negative view of AIPAC, which, according to an AdImpact analysis of the most recent filings, has spent more than $28 million for Stevens to date. AIPAC’s support of Stevens is one of El-Sayed’s biggest attack lines. The candidate recently claimed that the group has spent more than $50 million against him, though a campaign representative told JTA that figure includes $20 million from new super PACs that have not disclosed their funding sources and have no immediately apparent links to AIPAC. 

The Jewish Stevens supporters who spoke to JTA, some of whom are or have been AIPAC supporters themselves, argue that AIPAC has been unfairly demonized compared to other lobbying groups. 

They also shrug off Stevens’ recent critiques of Netanyahu during a debate, at which she said the Israeli prime minister “is a danger to Jews in America and around the world.” Many of her backers chalked up the language to a new political reality for Democrats that rewards criticism of Israel, rather than a shift in her own thinking.

“It’s the needle Democrats have to thread to have any credibility path at all,” Gorosh said. Referring to Israel’s own upcoming elections, he added, “I think he’ll [Netanyahu] be gone after October, but he’ll be gone eventually. Then what do you criticize?”

El-Sayed also has Jewish supporters, most notably former US Rep. Andy Levin, a progressive member of a powerful Michigan political family who lost his House seat to Stevens after AIPAC spent heavily for her in 2022. There is also a Jews For Abdul affinity group.

Speaking to JTA, Levin dismissed concerns about Jewish Democrats rejecting El-Sayed in the general. He said the conversation was being dominated by hardline pro-Israel donors in the community who have pushed similar red lines for decades, rather than being a new shift from the Jewish mainstream.

“I do not take a backseat to any of these so-called ‘lifelong Democrats’ about self-determination for the Jewish people in the holy land, about fighting antisemitism at home and abroad,” he said. “I just have a different view of how we accomplish these things, and they do not have a monopoly in the Jewish community.”

Levin also defended El-Sayed’s record on Jewish issues, saying, “He is a strong advocate for Jewish safety here, in our community.” 

For Jews who have long seen themselves as committed Democrats, the prospect of leaving the party is a tough sit. Tauber, for his part, says he still can’t bring himself to vote for any Republican “who is so controlled by Trump, who’s a man of immorality, no values.” (Rogers’ campaign touts his Trump endorsement, and the candidate has also backed Trump’s unfounded claims about election fraud in the state as well as supported the president’s holding up of an international bridge in Michigan. The candidate has also acknowledged antisemitism on the right.)

The Rogers campaign did not respond to a JTA request for comment. 

Republicans reach to appeal to Jewish Democrats

The nationwide importance of this race and the Jewish vote was evident when New York state Republicans recently made an explicit appeal for Jewish Democrats, stating in a digital ad campaign that Jews were leaving the party “in droves” “from Maine to Michigan.” Before he dropped out last week as the Democratic Senate nominee in Maine over sexual assault allegations he has denied, Graham Platner put anti-Israel criticism near the center of his platform.

Some Jews who spoke to JTA comfort themselves by insisting that the House, at least, seems likely to flip, providing a check on Trump even if the Senate remains led by Republicans. 

Shimon Levy, an Israeli-American entrepreneur who has lived in the Detroit area since 2014, said he was unconcerned about the prospect of Republicans keeping the Senate.

“F*** that,” Levy told JTA. Levy has drifted between the parties over the years, he said, but “I stand and I lead with my Jewish identity. Safety and security of the Jewish community is my first and foremost goal.”

That wouldn’t be possible with El-Sayed on the ticket, he insisted: “El-Sayed has done nothing but put Jews at risk and in danger, and through his words has been so poisonous and has ostracized and villainized, single-handedly, the Jews of Southeast Michigan.” 

He added, “If today, as a Jew, you’re still like, ‘Democratic all the way, Democratic down the ticket,’ you need to rethink your survivalist instinct.”

Recently, Levy, who describes himself as a reluctant political activist, hosted a candidate meet-and-greet fundraiser that brought in more than $70,000 for Stevens. Attendees were not just Jewish, and not just Democrats. Republicans, too, showed up: “People who are concerned about common-sense politics, who would vote for Haley in a heartbeat.” 

The question of how Jewish safety is linked to Israel discourse isn’t abstract in Michigan. West Bloomfield’s Temple Israel was the site of an attack this spring by a Michigan resident whose family members were killed when Israel targeted a Hezbollah outpost in Lebanon. The incident became a factor in the Senate campaign after El-Sayed said of the attacker, “Hurt people hurt people,” which critics felt minimized the crime and equated the attacker with his intended victims.

In late June, the temple itself, the largest Reform congregation in the country, sent an email to congregants stating, “This year, antisemitism is on the ballot.” Without naming candidates, the unsigned message concluded, “The Talmud reminds us that our leaders are chosen by us; silence is not a choice we can make right now.” 

Mailers funded by AIPAC’s United Democracy Project and sent to some voters in Michigan and circulated online attacked El-Sayed for his friendship with left-wing streamer Hasan Piker and for his statement after the Temple Israel attack. 

The mailers accused El-Sayed of having “rationalized a terrorist attack on a Michigan synagogue filled with Jewish children.” (The synagogue preschool was open at the time of the attack.) El-Sayed had condemned the attack, but the mailers accused him of equivocating.

This was not a total break with all Democrats, many emphasized. Jewish pro-Israel state Sen. Jeremy Moss, who is running for Stevens’ congressional seat, and gubernatorial candidate Jocelyn Benson, along with others, continue to receive high marks from the Jewish donor class. 

Across Michigan, particularly in the Detroit area, there are (literal) signs of strain. Last month, the Oakland County roads commission ordered the removal of Adopt-a-Road signs, located a few miles from Temple Israel, that had been sponsored by a group called “Voices for Palestinians” after temple members voiced objections. A Fourth of July parade in Huntington Woods, another heavily Jewish suburb in the county, was briefly disrupted by a protest after parade organizers had put in place rules forbidding pro-Palestinian signs from being displayed.

In early July, the state Anti-Defamation League chapter, together with Temple Israel, hosted a bipartisan delegation of Michigan lawmakers on the site of the attack, and advocated for increased synagogue security funding. Sen. Elissa Slotkin, a Jewish Democrat, as well as Rep. Shri Thanedar, a Democrat who has tacked from the left to the center on Israel since his election and is now facing a primary challenger endorsed by El-Sayed, were among those in attendance.

Rabbis at the temple gave voice to the uneasiness of the political moment for Jewish liberals. 

Rabbi Paul Yedwab, who called the state Democratic convention “a shonda,” or shame, in a recent sermon, said during the same sermon, “The glib answer would be to say, I guess you become a Republican. But that is not as easy as it seems for a liberal Jew.” He went on to criticize the Trump administration’s legal assault on the Southern Poverty Law Center, a monitor of far-right extremism.

Yedwab concluded, “From here on in, it will be incumbent upon us as Americans and as Jews to evaluate each proposal, each issue, each platform, and, indeed, each candidate according to our own independent set of values.”

This post was originally published on here. 

California will begin collecting its first producer fees under its landmark packaging law next month, opening a combative new phase for the rules — even as a multistate lawsuit and a repeal push from California’s own farm sector move to blunt them before consumers feel the effects at the register.

The Plastic Pollution Prevention and Packaging Producer Responsibility Act, signed in 2022, requires companies that sell single-use packaging and plastic food service ware in the state to help fund the recycling and disposal of those materials. The stated goal is to make all covered packaging recyclable or compostable by 2032, shifting cleanup costs from local governments and taxpayers onto the producers who create the waste. Fees are tiered: materials that are harder to recycle carry higher rates than compliant ones.

An important distinction is getting lost in much of the early coverage. The fees arriving in August are preliminary. CalRecycle, the agency overseeing the program, does not require companies to be fully compliant with the regulations until 2027 — the same year the state’s designated producer responsibility organization begins remitting $500 million annually into a state plastic-pollution fund. The permanent regulations were finalized on May 1, and a public comment period on the draft program plan runs through August 14.

What producers pay — and what shoppers ultimately absorb — is where the estimates diverge sharply. CalRecycle projects households will pay an added $66 to $190 per year, and calculates that if businesses passed along only 30 percent of the costs rather than the full amount, the figure would fall to roughly $20 per person annually. The agency also estimates that more than 546,000 businesses could see the cost of goods rise, at an average of about $4,806 each per year.

Critics put the household number far higher. Katie Davey, executive director of the Dairy Institute of California, has said Californians could pay around $1,300 more a year once the rules take hold, warning the state is only getting more expensive. A coalition of California agriculture groups, in a July 6 letter to Governor Gavin Newsom and legislative leaders, pegged the potential grocery hit near $1,400 annually and called for the law to be repealed and replaced. Assemblyman Carl DeMaio, a vocal opponent, has floated a lower but still substantial figure of roughly $200 per family.

Smaller operators get some relief. Businesses with gross annual sales under $1 million are exempt from many of the requirements — an estimated 7,874 producers that CalRecycle says would face only modest recordkeeping and application costs averaging about $155 a year.

The fee rollout arrives against a widening legal and political fight. On June 22, a 17-state coalition of Republican attorneys general, led by Nebraska’s Mike Hilgers, joined the National Association of Wholesaler-Distributors in a federal lawsuit seeking to block enforcement. The association’s litigation director, Karen Harned, argued the entire producer-responsibility model is “completely unconstitutional,” contending it hands quasi-governmental power to a private organization without due process.

That organization, the Circular Action Alliance, was selected by the state as its sole producer responsibility organization and is now assembling the program. Chief executive Jeff Fielkow has pushed back on the constitutional framing, saying the group holds no enforcement authority and operates strictly within limits set by the state. “That’s not our role,” he said, describing the work as building the system rather than policing it.

The stakes reach well beyond California’s borders — the angle that should matter most to tri-state grocers, distributors and manufacturers watching from afar. Because many companies use identical packaging nationwide, opponents argue that firms may redesign products to meet California’s rules rather than run a California-only line, effectively exporting the compliance costs into supply chains across the country. Industry groups tracking the rollout project price increases beginning to surface as early as September and October.

For now, the law’s near-term reality is narrower than the headlines suggest: a first round of fees, a comment window still open, and a courtroom challenge that could reshape or delay what comes next. Whether the eventual cost to a California family lands closer to twenty dollars or fourteen hundred may depend less on the statute itself than on how producers choose to respond — and on whether the federal suit lands before 2027.

JBizNews Desk | Sacramento, Calif.

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LONDON — Andy Burnham officially became Prime Minister of the United Kingdom on Monday after King Charles III invited him to form a government following Keir Starmer’s resignation. In his first address from 10 Downing Street, Burnham pledged a new economic direction focused on expanding investment in industry, housing, infrastructure, and regional development while tackling Britain’s prolonged cost-of-living pressures and sluggish economic growth. Investors immediately shifted their attention to whether his government can expand spending without undermining confidence in the nation’s public finances.

Burnham, who served for nearly a decade as Mayor of Greater Manchester before returning to Parliament and winning the Labour Party leadership, has long argued that Britain’s economy has become overly centralized and requires a larger government role to stimulate long-term growth. His first speech as prime minister outlined plans to decentralize economic decision-making, increase investment outside London, accelerate housing construction, strengthen manufacturing, and support public transportation while placing renewed emphasis on regional economic development.

Financial markets reacted cautiously rather than dramatically. The orderly transfer of power provided reassurance to investors, but economists noted that Burnham’s ambitious policy agenda will ultimately be judged by how it is financed. Britain continues to carry one of its highest public debt burdens in modern history while elevated interest rates have significantly increased government borrowing costs. Any substantial increase in spending without credible fiscal discipline could place upward pressure on bond yields and borrowing costs throughout the economy.

Among Burnham’s expected priorities are expanding affordable housing, investing in transportation networks, supporting domestic manufacturing, strengthening the National Health Service (NHS), and addressing regional economic disparities that have widened over recent decades. He has also pledged immediate measures aimed at easing the cost-of-living crisis while preparing a broader 10-year economic strategy designed to improve productivity and restore long-term growth.

Businesses across Britain are now awaiting details of the new government’s first budget and fiscal strategy. Corporate leaders will closely watch whether tax policy, infrastructure spending, industrial incentives, and regulatory reforms encourage private investment while maintaining confidence in Britain’s financial stability. International investors are expected to scrutinize cabinet appointments—particularly the selection of the Chancellor of the Exchequer—as an early signal of the administration’s economic priorities.

The leadership transition also carries significance well beyond Britain. The United Kingdom remains one of the world’s leading financial centers and one of the United States’ largest trading and investment partners. Changes in British fiscal policy, government spending, taxation, and regulation can influence multinational corporations, currency markets, investment flows, and supply chains connecting Europe and North America.

For American businesses, Burnham’s economic agenda could affect companies operating in Britain through changes in labor policy, infrastructure investment, taxation, energy policy, and industrial development incentives. Financial markets will also watch whether Britain’s new government can successfully balance stronger public investment with long-term fiscal responsibility at a time when many advanced economies are facing similar challenges.

The coming weeks will provide investors with the first concrete indication of Burnham’s governing style. His administration’s initial budget proposals, cabinet appointments, and economic strategy will determine whether markets view his vision of a more active government as a catalyst for sustainable growth or as a potential source of additional fiscal pressure. For businesses and investors alike, Britain’s new political chapter begins with heightened expectations and equally high scrutiny.


JBizNews Desk | London

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Wall Street opened the week on firmer footing Monday as investors returned to technology and semiconductor shares ahead of one of the busiest earnings weeks of the second-quarter reporting season, while crude oil retreated after briefly climbing above $90 a barrel amid continued tensions in the Middle East.

The rebound followed two weeks of heavy selling that pushed semiconductor stocks close to bear-market territory. Buyers returned to the sector as investors positioned for earnings from several of the market’s largest technology companies, including Alphabet and Tesla, whose results are expected to provide fresh insight into artificial intelligence spending, cloud computing demand, electric vehicle profitability, and corporate capital investment.

By late morning, all three major U.S. stock indexes traded higher. The Nasdaq Composite led gains as semiconductor and large-cap technology shares recovered from last week’s sell-off. The S&P 500 also advanced, while the Dow Jones Industrial Average posted more modest gains as investors balanced optimism surrounding earnings with continued concerns over higher energy prices and geopolitical uncertainty.

The recovery comes after a difficult week for equities. The S&P 500 and Nasdaq both posted their sharpest weekly declines in several weeks as investors took profits in many of the year’s strongest-performing artificial intelligence and semiconductor companies. Monday’s trading suggested investors were selectively returning to those names ahead of earnings that could determine whether the AI investment cycle continues to accelerate during the second half of the year.

Semiconductor companies led the early advance. The sector had absorbed much of the recent market weakness as investors questioned valuations and future spending, but bargain hunters returned ahead of results from several technology giants whose capital expenditures remain closely tied to demand for advanced chips and AI infrastructure.

Earnings Take Center Stage

This week’s earnings calendar is among the busiest of the season and is expected to set the tone for markets through the remainder of July.

Alphabet and Tesla headline the technology sector. Investors will closely watch Alphabet’s cloud computing business, advertising performance, AI investments, and updates on its next generation of artificial intelligence products. Tesla’s report will focus on vehicle margins, autonomous driving initiatives, energy storage growth, and progress toward commercial deployment of its Cybercab platform.

The week also includes results from Intel, IBM, Texas Instruments, General Motors, Verizon, Comcast, T-Mobile, Lockheed Martin, RTX, Honeywell, and Blackstone, providing investors with a broad look at conditions across manufacturing, telecommunications, defense, industrial production, consumer demand, and financial markets.

Market Movers

Alphabet shares climbed more than 3% as investors positioned ahead of earnings later this week following renewed optimism surrounding the company’s AI strategy.

Tesla remained under pressure despite the broader market rebound, with investors continuing to evaluate slowing vehicle demand, competitive pricing, and profit margins ahead of its quarterly report.

The broader semiconductor sector outperformed the overall market as investors returned to chipmakers following their recent correction, encouraged by expectations that major cloud providers will continue investing heavily in artificial intelligence infrastructure.

Energy Markets Remain a Key Risk

While equities recovered, energy markets continued to reflect elevated geopolitical risk.

Brent crude briefly traded above $90 per barrel before retreating later in the session, while West Texas Intermediate also eased after earlier gains. Prices remain significantly elevated following renewed military activity involving Iran and continued concerns surrounding shipping through the Strait of Hormuz, one of the world’s most important energy transportation corridors.

Although diplomatic efforts continue, markets remain focused on the possibility of additional disruptions to global oil supplies. Damage to regional energy infrastructure and continued security concerns have kept a geopolitical risk premium embedded in crude prices even as futures retreated from their overnight highs.

Higher energy prices are increasingly reaching consumers. According to AAA, the national average price for regular gasoline has climbed back above $4 per gallon, adding renewed pressure to household budgets and transportation costs for businesses across the country.

Gold prices eased modestly as investors shifted some funds back into equities, though the precious metal continues to trade near historically elevated levels as global uncertainty remains high.

Looking Ahead

Investors now face a pivotal week in which corporate earnings and geopolitical developments will compete for market attention. Strong results from major technology companies could reinforce confidence in continued AI-driven investment, while any deterioration in Middle East tensions could quickly reverse Monday’s improvement by driving energy prices higher.

For now, Wall Street appears willing to give technology stocks another chance, but the combination of elevated oil prices, inflation concerns, and one of the busiest earnings calendars of the year suggests volatility is likely to remain high throughout the week.

JBizNews Desk | New York

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Iran’s Science, Research, and Technology Ministry sent orders to the country’s academic institutions on how to suppress the September 2023 protests, which broke out on the anniversary of the regime’s murder of Mahsa Amini, according to documents newly released by the Amirkabir NewsLetter, a student-run media outlet.

The ministry, in a letter addressed to the heads of universities, higher education institutes, and research institutes across Iran, demanded that protests be met with a harsh response.

“Rioting must come with a cost, and a passive stance will embolden the rioters,” Ebrahim Hosseini, then-director general of the Office for Coordinating Administrative Misconduct Committees for Employees and Faculty Members, wrote.

The letter explicitly called for institutions to follow directives issued by Iran’s Supreme National Security Council, including the suppression of demonstrations.

“Distinguished university presidents can also have a preventive aspect; explaining the results and effects of these measures in making educational and research environments healthy will play a significant role in strengthening and influencing the concept and position of the rule of law in the process of investigating violations.

“Therefore, it is hoped that the preparation of the requested report and its submission will be put on the agenda as a matter of urgency,” Hosseini wrote.

Women, Life, Freedom protests followed Amini’s killing by regime’s security forces

Protests broke out across Iran a year after 22-year-old Amini was killed by the regime’s security forces for not wearing her head covering properly.  

Her father, Amjad Amini, was briefly arrested on the anniversary of her death, and security forces surrounded the family home to prevent them from attending a graveside ceremony, sparking further public outrage.

In the Women, Life, Freedom demonstrations that followed Amini’s murder in 2022, more than 500 people, including 71 minors, were killed, hundreds were injured, and thousands were arrested, according to multiple human rights groups.

This post was originally published on here. 

Former prime minister Naftali Bennett met with 30 leaders of Israeli women’s organizations on Sunday as part of his election campaign, he announced on X/Twitter.

He met with the leaders to help shape the Together Party’s policy on women, which he said would be spearheaded by MK Meirav Cohen and Liran Avisar Ben Horin.

He criticized the current government’s policies toward women, claiming that its recent legislative blitz had “deliberately harmed” them.

“The past four years have been years of darkness and chaos,” Bennett said.

Bennett contrasted the current government’s record with that of his own, noting that his government included more female ministers and directors-general than any previous government in Israel’s history.

Bennett’s government set record for women in senior roles

“A record then, compared with the low point we are seeing now,” he said. “This is a government that tells women: ‘No, you can’t!’”

Bennett also cited a troubling statistic, saying that the number of women killed because of their gender reached a record high this year and is expected to double within two years.

Bennett pledged that his government would act firmly and professionally, using “the tools available to the state” to combat violence against women.

In his statement, he also pledged to “repeal laws that discriminate against and exclude women” and to “transform early childhood education to reduce the economic and professional price paid by mothers.” He also vowed to “establish a dedicated body for reservists’ families.”

“And with God’s help,” he said, “we will break our own record for women’s representation in every center of decision-making.”

“We will fix this too, together,” he concluded.

This post was originally published on here. 

Authorities arrested a person after an incendiary device was thrown at FBI headquarters in lower Manhattan, CNN reported on Monday.

Video footage from the news network showed a person being taken into custody and smoke arising from the area.

FBI headquarters at 26 Federal Plaza also houses an Immigration and Customs Enforcement field office and is just blocks from City Hall and federal courthouses.

This is a developing story.

This post was originally published on here. 

Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed to have struck and “destroyed” US military sites and equipment in Bahrain and Kuwait, the IRGC-run Fars News Agency claimed on Sunday.

According to Fars, the IRGC claimed to have struck US drone maintenance facilities at Bahrain’s Sakhir Air Base and vessel preparation sheds at Salman port.

Camp Arifjan in Kuwait was also allegedly struck, according to the Iranian report.

Also on Sunday, Bahrain’s Interior Ministry announced that missile sirens had sounded across the country, advising citizens and residents to take cover until further notice.

Kuwait’s army additionally announced that they were in the process of confronting Iranian missile and drone attacks.

This is a developing story.

This post was originally published on here. 

For many people, the Orthodox Union is synonymous with the small “OU” symbol found on millions of kosher products. But  Executive Vice President and Chief Operating Officer Rabbi Josh Joseph says that’s only one piece of the organization’s story.

“The OU is very well known for its kashrus with 1.5 million products worldwide,” Joseph told The Jerusalem Post on Monday. “It is a huge part of what we do, and we’re a nonprofit. But that money goes back into the community and into all of our actions and activities and programs and projects.”

Founded in 1898 as an umbrella organization for Orthodox synagogues, the OU initially focused on representing Jewish communal interests. Kosher certification was added in 1916 and has since become its most recognizable function, but far from its only one.

Some of the OU’s most well-known projects outside of kashrut are NCSY (the international youth movement), Yachad (the National Jewish Council for Disabilities) and JLIC (Jewish Learning Initiative on Campus). It also runs a Daf Yomi initiative, with 10,000 plus people learning the Talmud daily.

Then there are other subsets that don’t necessarily have the OU’s name on them.

The Teach Coalition, for example, is a grassroots organization that fights for equitable government funding, security resources, and affordable tuition.

“When it comes down to it, it’s about support, and it’s about relationships and growing those relationships externally, but also within the community,” Joseph told the Post.

Of course, in many ways, the nature of the OU’s advocacy and relationships has shifted since October 7th.

“Absolutely yes there’s challenges. Yes, there’s antisemitism around the world. In America. And yes, there’s challenges in Israel. But that also means that Hashem is asking each one of us what our role is in fixing it instead of just sitting back.”

Joseph says one of the OU’s values is being solution-oriented.

“You can point things out, you can complain. But then what are you going to do about it? What’s next? How are you going to try and make it better?”

On October 6th, 2023, there were 304 Jewish Student Unions (JSUs) in US public schools. And “really overnight, without doing any recruitment, it went from 300 to well over 500 clubs across the country,” Joseph told the Post.

What he found interesting was that the JSUs were not interested in asking the OU to come to the schools and talk about combatting antisemitism.

“They told us: ‘We want to know what it means to be Jewish. What does it mean to have a Jewish identity? What does it mean to be proud of your Judaism? Give us some content. Give us some context. Give us some something that’s genuine and that’s authentic and that’s content rich.'”

“So there is a moment of opportunity right now at every stage for us to talk about Torah, Torah concepts. It’s not necessarily about making people orthodox, but to share thousands upon thousands of years of godly ideas with the entire Jewish world.”

“What we find inside is a spark. And if we can connect that spark to God and to inspiration and to spirituality, then we have a chance to light the world on fire.”

Combating the divide

Joseph noted that the relationship between American orthodoxy and Israel is changing, but nevertheless remains at the heart of US Jewry.

“What happens in Israel really matters to us in America and certainly in the Orthodox circles. When a member of Knesset might do something or say something that gets our politicians all riled up, there’s no separation.

“We are one community. And yet there is a divide that we need to keep working on.”

In order to combat this divide, the OU organizes many trips to Israel for people of all ages; “In both directions, we can learn about each other, and we can talk to each other face to face.”

Joseph doesn’t agree with the idea that Jews worldwide must be unified. He says a little fraction is okay.

“We can disagree as long as we can do that agreeably. There are different pathways, but we’re all ending up at the same place.”

In terms of combatting antisemitism, Jospeh says what works best is one-on-one conversations.  

“It’s going to somebody and saying, come visit the Holy Land with me, and then coming to Israel and taking them to the Valley of Elah and showing them where Goliath stood and where David stood. That’s a different conversation than I’m going to take you to Nova. Both are important. Both have a role, and some people might need to see one and some people might see others, and some people might need to see both.”

When it comes to political antisemitism, Joseph stressed the importance of thanking supporters instead of just criticizing opposition.

“There were 104 Democrats who voted for the Massie Amendment. But there were also 98 Democrats who voted against it. Did anybody reach out and say thank you?”

“Nathan Diamond from the OU put out an action order to not the 104, but also to thank the 98 for standing up.”

“It’s very hard to go one-on-one, especially when there are maybe 15 million Jews, but the more we can have some of those engagements, I think the better shot we have,” he concluded.

This post was originally published on here. 

Americans are increasingly sacrificing their retirement security to keep up with the rising cost of everyday life, according to newly released research from NFP, part of Aon, along with additional retirement surveys from Schroders and other financial institutions. Together, the findings paint a troubling picture: for millions of households, long-term financial planning is giving way to immediate survival as housing, healthcare, transportation, insurance and grocery bills consume a growing share of monthly income. 

The trend is no longer limited to lower-income households. Middle-income families, professionals, and even higher earners are increasingly reporting that retirement contributions have become one of the first budget items to be reduced when expenses rise.

According to the latest research, 46% of working adults say they are either deprioritizing or unable to save for retirement because everyday expenses now take precedence. Nearly three-quarters report they are off track in reaching their retirement goals, while many acknowledge they have delayed increasing contributions despite continued employment. 

The financial pressures extend beyond simply contributing less. Another survey found that 27% of workers have either reduced contributions to employer-sponsored retirement plans or borrowed from those accounts to cover emergency expenses, debt payments or other financial obligations. One-third reported carrying more credit-card debt than retirement savings, highlighting the difficult tradeoffs many households now face. 

For years, financial advisers have encouraged workers to consistently contribute to retirement accounts, emphasizing that time in the market often matters more than attempting to perfectly time investments. Missing even a few years of contributions can significantly reduce retirement balances because workers lose not only their deposits but also years of compounded investment growth.

Instead, many Americans now find themselves balancing competing priorities.

Mortgage payments remain elevated in many parts of the country. Property taxes and homeowners insurance have increased substantially in numerous markets. Rent remains historically high in many metropolitan areas. Auto insurance premiums have climbed sharply, while healthcare costs continue to consume larger portions of household budgets. Even groceries and utilities remain noticeably more expensive than just a few years ago.

Those cumulative expenses are forcing difficult financial decisions every month.

The problem has become increasingly apparent despite relatively strong labor markets. Having a job no longer automatically translates into the ability to build long-term wealth if nearly every paycheck is already committed to current expenses.

Recent retirement surveys also show growing concern about the future itself. Americans now estimate they need approximately $1.2 million to retire comfortably, yet more than half expect they will retire with less than $500,000, and many expect substantially less than that. 

Confidence has also weakened.

Gallup’s latest research found that while most current retirees report living comfortably, less than half of Americans who have not yet retired believe they will have enough money to do the same, reflecting one of the largest expectation gaps recorded in more than two decades. 

Among Americans age 50 and older, financial concerns continue to intensify. AARP found that 69% believe prices are rising faster than their income, while 60% worry about having enough money to last throughout retirement. For those still working, many have accumulated relatively modest retirement savings despite approaching retirement age. 

Ironically, these concerns are emerging during a period when stock markets have generally remained elevated.

Many workers simply do not have enough discretionary income available to fully benefit from long-term market gains because they have been forced to reduce or suspend retirement contributions altogether.

Financial professionals warn that the longer these interruptions continue, the harder they become to recover from. Workers who stop contributing for several years often must save substantially more later in life to reach the same retirement income goals.

The challenge becomes even greater as Americans continue living longer, increasing the number of years retirement savings may need to support.

For policymakers, employers and financial planners, the data suggest that retirement security is becoming less about investment performance and increasingly about household affordability.

If everyday living expenses continue to outpace wage growth for many families, retirement saving may remain one of the first financial goals postponed—potentially leaving millions of Americans with significantly smaller nest eggs than they once expected.

JBizNews Desk | New York

© 2026 JBizNews.com. All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Los Angeles Dodgers superstar Mookie Betts has already influenced young players with his play over the years, and now they will be able to wear his glove.

Betts’ glove company, LGND, announced Monday a landmark partnership with Perfect Game, the world’s largest youth baseball and softball platform and scouting service, naming its glove the official glove of Perfect Game. The partnership will officially launch on July 27.

Betts told FOX Business that “it means a lot” that Perfect Game believed in him and his company.

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“It means a lot, man. It shows the belief that they have in my team, me, myself and the team, and what they have obviously, I think it’s really going to affect the young people coming up, cause they can show their personalities,” Betts told FOX Business in a recent interview.  

“They can look and see that hopefully, one day all the big league guys that have the different models and they can aspire to be them.”

Perfect Game Chairman Rick Thurman said the partnership is everything that represents what the youth baseball company is trying to be. 

“This partnership represents everything Perfect Game strives to deliver to athletes, which is access, authenticity and products shaped by the needs of players,” Thurman said in a news release. 

WORLD SERIES CHAMPION MOOKIE BETTS SAYS ATHLETES SHOULDN’T BE SEEN AS POLITICAL FIGURES: ‘WE GO OUT AND PLAY’

“Mookie is one of the most accomplished and respected players in baseball, but beyond that, he understands what young athletes value. LGND was built with those athletes in mind, and we believe this will redefine expectations for baseball equipment partnerships.”

The launch features premium glove lines, both of which were developed with player performance and feedback in mind. 

The “Mook Series” features Betts’ signature stamped in the palm, his game-worn colorway and the iconic 50 Tri-Star logo embroidered on the thumb, giving players an authentic connection to a future Hall of Famer.

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The “MVRK Series” delivers the same premium Japanese leather construction and craftsmanship in a collection designed for players who want professional-level performance with distinctive styling and versatility across multiple positions.

Betts said he has been using the glove all year and said the integrity of the glove has held up. His goal with LGND is to allow young kids to express themselves through a glove, while also ensuring it is well-crafted.

Betts is a four-time World Series champion, American League MVP winner, an eight-time All-Star, a seven-time Silver Slugger and a six-time Gold Glove winner. 

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Multiple teenage girls and young women in Iran have reportedly died by suicide or in honor killings after their photos were published on a Telegram channel alongside accusations regarding their sexual conduct, according to Iranian media reports and legal organizations.

Over the past week, two girls in Lorestan province ended their lives after their photos were leaked on the Telegram channel. The Iranian newspaper Sharq reported that several others also attempted suicide after having their photos published without consent.

Weeks earlier, a 16-year-old girl and a 20-year-old woman were also reported to have ended their lives in two separate incidents linked to claims published about them on the Telegram channel. However, an informed source told IranWire that the photo used of the young woman was “just an ordinary photo, not even a private one, taken directly from her Instagram page.”

One of the two 16-year-old girls, identified as “Esma,” was buried in the Khazar Cemetery without a reception ceremony and in the presence of only a few friends and relatives, against local customs, according to the legal advocacy network Dadbaan.

Women across the provinces of Lorestan, Kermanshah, and West Azerbaijan have experienced extortion attempts connected to the channel, according to reports. The channel’s administrators reportedly demanded payment in exchange for removing posts.

In addition to the suicides and suicide attempts, Sharq reported at least one case of honor killing linked to the channel’s actions. Defense attorney Fereshteh Tabanian said online that a young girl had been killed by her father in connection with a post made about her.

IranWire also reported that one woman lost her job, another was expelled from her home by her husband, and another had her engagement called off as a result of the channel.

Reports link Telegram channel to suicides and honor killing

“From a criminological perspective, this case illustrates how the combination of cyber violence, social stigma, and cultural pressures related to the concept of ‘honor’ can inflict severe psychological harm on victims, especially teenagers. Preventing the recurrence of such incidents requires not only criminal prosecution of the offenders but also strengthening psychological support for victims, digital literacy education, and combating victim-blaming culture,” Dadbaan published in a statement.

IranWire, citing an informed source, claimed that student groups affiliated with universities in Khorramabad and Borujerd were targeted by the channel. The situation escalated, however, as “some individuals began sending in photos of other people’s daughters and sons out of personal grudges and enmity, accompanied by highly offensive and immoral captions.”

The channel initially claimed to be “punishing the regime’s parastous (honeytraps),” but has largely targeted those labeled “enemies of the state” as well as pro-regime figures, according to IranWire.

Activists warn misogyny-fueled abuse campaign

Samaneh Sawadi, a lawyer and gender equality activist based in the United Kingdom, told DW Persian that “this is a cybercrime and a violation of women’s privacy, but those who committed such an act knew in what context and culture they were doing it. They took advantage of the misogynistic atmosphere and touched on parts of the culture that could have led some of those women to a point where some of them were willing to lose their lives, and some were forced to delete social networks and leave cyberspace.”

“When society does not think that the presence of women is fundamentally sinful, it will not resort to such tactics to eliminate them. We can certainly report them, but then another channel will emerge. We need to see in what context these channels are created; in a context where the family considers the daughter and niece as its own personal property and sees her body, face, and social presence as its own, and turns her decision to have a profile into a tool and says, ‘I will not allow you to do this,’” she added.

Police arrest three suspects, search for fourth continues

Some reports have claimed that despite promises from the police and judiciary, no action has been taken to remove the Telegram channels or follow up on numerous complaints filed in connection with the account. However, the Lorestan prosecutor’s office reported that three of the channel’s operators were identified and arrested by police, while an ongoing search remains underway for a fourth suspect.

This post was originally published on here. 

Five members of the Council for Higher Education (CHE) resigned on Monday in protest over legislation expanding gender-segregated academic studies, warning that the law constituted “unprecedented interference” in the council’s independence and could lead to the exclusion of women from Israeli academia.

According to Israeli media reports, four of the members submitted a joint resignation letter to President Isaac Herzog and Education Minister Yoav Kisch, who serves as chairman of the council. A fifth member, Moshe Vigdor, resigned in a separate letter.

The four signatories were Hebrew University chemistry Prof. Edit Tshuva, a former deputy chairwoman of the council; Technion Prof. Marcelle Machluf of the Faculty of Biotechnology and Food Engineering; Ben-Gurion University computer science Prof. Jihad El-Sana; and Prof. Lia Laor of the Levinsky-Wingate Academic College. Vigdor is CEO of the Mandel Foundation Israel, a former director-general of the CHE, and served on the council as a public representative.

CHE members cite threat to academic independence

“Approval of the law concerning gender segregation in advanced-degree studies in academia constitutes unprecedented interference in the independence of the Council for Higher Education,” the four wrote.

The intention to advance separate study programs was expected to severely harm the fundamental values on which Israel’s higher education system was based, including “academic freedom, equality, excellence and pluralism,” they said.

The amendment represented a substantive change in the nature of Israeli higher education and could lead to the exclusion of women as students, researchers and faculty members, they warned. It could also harm academic standards, public trust in the system and the international standing of Israeli academia.

“In these circumstances, we cannot continue to serve as members of the council and thereby grant legitimacy to steps that contradict the values for which we were asked to serve,” they wrote, announcing their immediate resignations.

Vigdor said separately that the legislation had undermined the council’s ability to bear responsibility for academic standards, equality, academic freedom and diversity.

“The law will grant state legitimacy to the exclusion of women in academia, and subsequently in additional public spaces,” he wrote, per reports.

“In the situation that has been created, in which the Council for Higher Education may become a rubber stamp for measures that contradict its scientific and ethical foundations, I cannot lend a hand to this – not through my voice and not through my silence.”

Vigdor stressed that his decision was not political, saying he had served as a public representative for approximately a decade out of a belief that a strong, free, equal and excellent academic system was a central component of Israel’s national resilience. Reports of the resignations said they were submitted one day before the council was due to hold its first discussion on implementing the legislation.

Knesset expands legal basis for gender-segregated programs

The Knesset approved the amendment to the Student Rights Law in a 52-43 vote early Thursday. Sponsored by Otzma Yehudit MK Limor Son Har-Melech, it expressly permits the CHE to approve separate programs for men and women in bachelor’s, master’s and doctoral studies.

At institutions that otherwise teach men and women together, separation is limited to classrooms, and enrollment must be voluntary. The legislation also states that operating separate institutions or programs for religious reasons will not, in itself, be considered discrimination. Son Har-Melech has argued that the legislation expands freedom of choice and allows religious students to pursue advanced degrees without abandoning their way of life.

High Court petition challenges new law

Six haredi women and 10 academics petitioned the High Court of Justice against the law hours after it passed, asking the court to strike it down or interpret it narrowly.

The petitioners argued that the amendment dismantled the safeguards on which the High Court relied when it upheld the council’s previous, limited framework for gender-segregated studies in 2021. That framework was restricted primarily to haredi students studying for bachelor’s degrees, limited separation to classrooms, and prohibited the exclusion of female lecturers.

The Council for Higher Education has yet to issue a response.

This post was originally published on here. 

Israel’s Foreign Ministry has received 45 reports of antisemitic incidents against Israelis abroad since July 2025, the ministry revealed in its new “Map of Distress.”

According to ministry officials, this is a record number of antisemitic incidents. It included physical assaults, fights, spitting, verbal abuse, denial of service, and expulsion from hotels, cafes and restaurants.

“Over the past year we have seen a phenomenon we had never encountered on this scale before: Israelis contacting us after experiencing antisemitic incidents while abroad,” said Deputy Director-General for Consular Affairs Eli Yifrah.

“In several countries, there were reports of Israelis being identified because of their nationality or visible Israeli symbols and becoming targets of harassment, threats and even physical attacks.”

Alongside the 45 cases of antisemitic incidents, there were 384 cases involving missing persons or loss of contact, 292 arrests of Israeli citizens, 196 Israelis hospitalized abroad, 149 rescue operations from dangerous areas and 23 Israelis involved in natural disasters.

The countries with the highest number of cases where assistance was provided were the United Arab Emirates (615 incidents), Thailand (347 incidents), Greece (206), the US (202) and Italy (181).

Data collected from TravIL app

Overall, consular systems processed nearly 200,000 cases during the first half of 2026. This included the sensitive task of arranging the return of 846 deceased Israelis for burial in Israel, most of whom were from New York and Paris.

The newly released data follows the successful launch of the TravIL emergency app two weeks ago.

The Foreign Ministry said the figures demonstrate exactly why the app is needed. TravIL was developed to help prevent these situations and provide critical assistance during emergencies.

The app includes a secure digital document vault where travelers can store copies of their passport, helping speed up the replacement process and reducing bureaucracy. It also has a location-based emergency button that instantly transmits your GPS coordinates directly to the ministry’s Situation Room in Jerusalem.

“The Foreign Ministry’s consular network continues to operate around the clock, 24 hours a day, through Israel’s missions worldwide, providing assistance and services to Israeli citizens in a wide range of routine and emergency situations,” Yifrah said.

He told Israeli media that the increase in consular activity reflects both the growing number of Israelis traveling abroad and the complex security situation since the outbreak of the Swords of Iron War.

This post was originally published on here. 

One of Rhode Island’s most-wanted fugitives — a former doctor convicted of sexual assault but on the run for 20 years — appears to have been living a secret life as a biotech executive. 

Ronald Fischer, 70, was arrested last week by federal and Rhode Island authorities after they tracked and boarded a 56-foot sailboat cruising off the coast of New Jersey. The former anesthesiologist disappeared in 2005 while on trial for first-degree sexual assault.

The boat was registered under the name Richard Graydon, an alias used by Fischer, U.S. Marshals said. That is the same name as a doctor and seasoned drug development executive hired last March by Immix Biopharma, a Los Angeles-based biotech company, as its new chief medical officer.

Continue to STAT+ to read the full story…

This post was originally published here.