The US aircraft carrier the USS Abraham Lincoln will dock in Thailand next week, a Thai official said on Tuesday, following a prolonged deployment in the Middle East and reports of mental health concerns and deteriorating conditions aboard.

The Lincoln, which left the Middle East on Saturday, has not made a port call in more ⁠than ​200 days, setting a modern-day record for consecutive ​days at sea, according to Democratic lawmakers.

Typically naval deployments are for between six and nine months, but during times of conflict, that can be extended.

The ship, which has roughly ​5,000 sailors and Marines aboard, will be in Thailand for “rest and recreation after their long sea journey,” the official said, asking not to be named.

Thailand’s Navy said a US Navy carrier strike group would make a brief stop in eastern Thailand for the purpose of rest and recuperation, with no exercises taking place. It did not name the three vessels or provide a date for the visit, citing security concerns.

An F/A-18E Super Hornet launches from the flight deck of the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln during the Operation Epic Fury attack on Iran April 1, 2026. (credit: U.S. Navy/Handout via REUTERS)

“The stop is a routine port visit intended to allow personnel to rest and recuperate … as well as to receive logistical support,” the Thai Navy’s spokesperson said in a statement.

The US Embassy in Bangkok did not immediately respond to a request for comment.

USS Lincoln redirected from home port to aid in Operation Epic Fury

The Lincoln left its home port of San Diego in November and was ​later redirected ​to the Middle ⁠East to support US military operations in the US-Israel war with Iran.

Two military-focused outlets, Navy Times and Stars and ‌Stripes, this month reported suicide attempts and declining morale on the ship. US Defense Secretary Pete Hegseth has said the reports “completely misrepresented” the conditions on board.

Thailand is the United States’ only treaty partner in mainland Southeast Asia, having been a treaty ally since 1954 and a major non-NATO ally since 2003. Both countries’ militaries maintain strong relations.

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The U.S. Secret Service has confirmed it is aware that Iranian state media has aired a video that appears to threaten the life of Barron Trump, President Donald Trump’s youngest son.

“The U.S. Secret Service is aware of the video and investigates anything that can be perceived as a threat toward our protectees,” Secret Service spokesman Nate Herring said in a statement. “Out of concern for operational security, we do not discuss matters of protective intelligence.”

Since the U.S. assassination of Iran’s Ayatollah Ali Khamenei, Iranian media have on multiple occasions circulated content threatening the president and family members. The assassination came at the start of the war in Iran that Trump launched alongside Israel.

CNN previously reported that the Secret Service had knowledge of the Barron Trump threat.

This story was originally featured on Fortune.com

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NEW YORK — Updated 10:03 a.m. ET, Tuesday, Aug. 25, 2026. U.S. stocks opened higher Tuesday, with technology and semiconductor shares leading a rebound from Monday’s selloff as investors positioned for Nvidia’s earnings and a major inflation report Wednesday.

At the opening bell, the Dow Jones Industrial Average rose 177.8 points, or 0.33%, to 53,594.92. The S&P 500 gained 23.8 points, or 0.31%, to 7,676.66, while the Nasdaq Composite jumped 168.5 points, or 0.65%, to 26,148.71. 

The latest index reading available shortly after the open, at 9:41 a.m. ET, showed the Dow up 75.49 points to 53,492.65, the S&P 500 up 29.05 points to 7,681.91, and the Nasdaq up 194.45 points to 26,174.64. 

Chips Lead the Rebound

Technology was doing most of the heavy lifting. Nvidia rose 1.4%, Meta gained 0.9%, Intel climbed 3.1%, Micron advanced 3.9%, Western Digital gained 3.7%, and AMD jumped 3.4% after Raymond James upgraded the stock. Advancing stocks were outnumbering decliners on both the NYSE and Nasdaq. 

Nvidia remains the biggest single catalyst hanging over the market. The company reports Wednesday afternoon, and options traders are pricing in a roughly 5.4% move in either direction — equivalent to about $280 billion of market value. Investors will be looking beyond the headline earnings numbers for evidence that spending on AI infrastructure, chips and data centers remains strong enough to justify the sector’s valuations. 

The other major mover was decidedly negative. Dick’s Sporting Goods plunged 22.6% after cutting its full-year forecasts as weaker athletic-footwear demand and problems at its Foot Locker business weighed on results. Nike fell about 3.2% alongside it. Dick’s reported adjusted earnings of $3.53 a share on $5.59 billion in sales and lowered its annual sales outlook to $21.9 billion to $22.2 billion. 

Morning Economic Reports Send a Mixed Housing Signal

The morning’s economic data showed home prices continuing to rise nationally, but at a relatively restrained pace.

The Federal Housing Finance Agency said U.S. home prices increased 2.1% from a year earlier in the second quarter and 0.3% from the first quarter. The agency’s June index was unchanged from May. Prices rose year over year in 46 states and Washington, D.C. 

Separately, the S&P Cotality Case-Shiller National Home Price Index rose 1.5% from a year earlier in June, accelerating modestly from May’s 1.2% increase. That still leaves home-price appreciation running well below broader inflation, limiting real gains for homeowners. 

A more cautionary signal came from the Philadelphia Fed’s service-sector survey. Its index measuring firms’ own business activity fell sharply to -8.2 in August from +17.5 in July, meaning more firms reported declining activity than improving activity. 

The 10:00 a.m. ET economic batch — Conference Board consumer confidence, July new-home sales and the Richmond Fed business surveys — had not yet populated with verified actual readings on their primary-source pages as of this 10:03 a.m. update. JBizNews is therefore not substituting forecasts for actual results. The Census Bureau confirms July new-home sales were scheduled for release at 10:00 a.m., while the Richmond Fed says its August surveys are released between 10:00 and 10:10 a.m. 

Bonds and Oil Give Stocks Some Breathing Room

Treasury yields were easing early Tuesday, with the benchmark 10-year yield around 4.67%, removing some of the rate pressure that hit growth stocks Monday. U.S. crude was also sharply lower, trading around $82 a barrel, reducing immediate inflation concerns even as geopolitical tensions surrounding Iran remain elevated. 

Boeing also entered the session with a major new defense headline after receiving an indefinite-delivery contract with a ceiling of roughly $131.2 billion covering F-15 production, upgrades, integration and sustainment work. The contract could stretch work on the program into the next decade. 

What to Watch for the Rest of Tuesday

The first immediate test will be the delayed reaction to the 10 a.m. consumer-confidence, new-home-sales and Richmond Fed numbers as those reports become fully available. At 1 p.m. ET, the Treasury’s two-year note auction will provide another reading on investor demand for government debt and could move yields.

But Tuesday’s trading is likely to remain heavily influenced by what comes next. Wednesday brings Nvidia earnings along with the PCE inflation report and other major economic data, creating the potential for a significantly larger market move than Tuesday’s opening bounce. Fed Chair Kevin Warsh’s Jackson Hole speech Friday then becomes the week’s major monetary-policy event, with investors looking for clues on whether the Fed is prepared to raise rates again. Markets are currently pricing roughly one additional 25-basis-point increase by year-end. 

For now, the message from the opening tape is clear: Wall Street is buying back into technology, but investors are doing so immediately ahead of two potentially market-moving tests — Nvidia earnings and inflation.

JBizNews Desk | Wall Street

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

Turkish antitrust regulators are investigating Teva Pharmaceutical, the world’s largest generic drugmaker, for allegedly manipulating the patent system and making misleading statements to health care authorities about the safety and effectiveness of rival medicines.

The company engaged in “various practices … that may have been aimed at making it more difficult for competitors to enter the market,” according to Turkey’s Competition Board, which is known as Rekabet Kurumu and which launched the probe earlier this month but disclosed the decision last Friday on its website.

The regulator did not mention a specific drug, but a Teva spokesperson wrote us that the investigation is similar to a probe by the European Commission that, two years ago, ended with the company paying a $503 million fine for delaying competition to its blockbuster Copaxone multiple sclerosis medicine. The case is currently under appeal before the European Court.

Continue to STAT+ to read the full story…

This post was originally published here. 

Good morning. There’s one number Wall Street watches more closely than almost any other: how much more (or less) money the biggest publicly traded companies in the U.S. are making compared with a year ago. It’s a pulse check not just for the market, but for the broader economy. And right now, that pulse is racing.

As of Monday, the blended earnings growth rate for the S&P 500 in Q2 2026 is 51%, according to an analysis by John Butters, VP and senior earnings analyst at FactSet, shared with CFO Daily. (Blended means it combines actual results from companies that have already reported with estimates for those that haven’t yet.) If that number holds, it would be the index’s highest earnings growth rate since Q2 2021, when it hit 91.6%.

However, two companies—Alphabet and Amazon—are responsible for most of the jump in that growth rate since June 30. Both reported actual GAAP earnings per share that blew past analyst estimates, and both got a major lift from unrealized gains on investments recognized as other income. Alphabet posted EPS of $9.11 versus an estimate of $2.88. Amazon reported $5.75 versus an estimate of $1.82.

Strip out those two companies, and the picture changes. The blended earnings growth rate for the S&P 500 falls to 32.6% from 51%, per Butters’s analysis.

Yet even without Alphabet and Amazon, 32.6% would still be the S&P 500’s highest earnings growth rate since Q3 2021, when it hit 40.6%, he noted. It would also mark the seventh consecutive quarter of double-digit earnings growth for the index—a streak that predates the AI infrastructure buildout dominating headlines this year.

The strength isn’t confined to a couple of tech giants, either. Overall, 10 of 11 sectors are reporting year-over-year earnings growth, with nine of those 10 sectors reporting double-digit earnings growth. Energy is surging 146.3% year-over-year, heavily supported by firm fuel prices, for example. Communication Services earnings are up 116.9% year-over-year, largely amplified by mark-to-market gains from AI infrastructure investments. Meanwhile, health care is the lone detractor, reporting a year-over-year profit decline of around 6.5%.

Butters also shared some common themes in what executives are discussing on Q2 earnings calls. The term “tariff refund” has been cited on only 35 earnings calls to date among S&P 500 companies for Q2. By comparison, the term “AI” has been cited on 305 calls, while “inflation” has been cited on 193 calls. Meanwhile, the term “tariff” has been cited on 162 earnings calls so far in Q2.

Sheryl Estrada
Sheryl.Estrada@fortune.com

This story was originally featured on Fortune.com

This post was originally published here. 

Good morning health tech readers!

I’m back from vacation! What did I miss? Drop me a line and let me know what you’re watching as the summer winds down. (Yes, I saw the JAMA paper claiming AI alone may soon be better than AI working with doctors.)

Today, we’re catching up on the FDA’s new discussion paper on generative AI devices and all the news about Epic we didn’t get to before the break last week.

Continue to STAT+ to read the full story…

This post was originally published here. 

The number of people working in Massachusetts’ renowned biotech sector fell last year, the first time that’s happened since at least 2002, according to a new report.

The state’s biopharma workforce shrank by about 3,600 employees in 2025, to a total of 113,503, as industry headwinds and uncertainty about federal funding for scientific research battered the sector, according to the annual “industry snapshot” by the Massachusetts Biotechnology Council trade group. Compared to 2024, the workforce declined by 3.1%.

Many of the lab buildings in Greater Boston that everyone thought would be filled with scientists when venture capital flowed freely early in the pandemic now stand empty, a symbol of what former Federal Reserve chairman Alan Greenspan once dubbed irrational exuberance.

Continue to STAT+ to read the full story…

This post was originally published here. 

An arbitrator has ordered The Washington Post to reinstate a Black opinion writer fired over social media posts about violent white men following last year’s killing of Charlie Kirk.

The ruling Thursday said the newspaper did not have sufficient cause to terminate Karen Attiah, who at the time was the last Black full-time member of the Post’s opinion desk. The arbitrator, Sarah Miller Espinosa, also ordered the Post to award Attiah full back pay and lost benefits.

Kirk, who rose from a teenage conservative campus activist to become a top podcaster and ally of President Donald Trump, was shot and killed Sept. 10 during a public appearance at Utah Valley University. He was 31.

Kirk launched Turning Point USA in 2012 and made provocative statements about race, gender and politics. He was critical of the Black Lives Matter movement on college campuses and called George Floyd, the Black man whose 2020 murder at the hands of Minneapolis police sparked protests, a “scumbag.”

His death elicited a torrent of comments about him, both pro and con, and some who spoke out against him in the days after the killing faced sanctions or dismissal at work.

Attiah posted after Kirk’s killing

After Kirk’s killing, Attiah, the founding global opinion editor for the Post and the newspaper’s only Black female opinion writer, made several posts to her Bluesky account.

One post read: “Refusing to tear my clothes and smear ashes on my face in performative mourning for a white man that espoused violence is … not the same as violence.”

“If anything, the rush to coddle violent white men is self-protective — that we know they are not used to feeling vulnerable and mortal — and will react violently out of fear. And we will all suffer,” read another post.

Attiah was emailed a termination letter on Sept. 11, accusing her of “gross misconduct.”

“Your public comments on social media regarding the death of Charlie Kirk violate the Post’s social media policies, harm the integrity of our organization, and potentially endanger the physical safety of our staff,” the letter read.

But Espinosa found that the newspaper, in a June 4 hearing, failed to establish that Attiah “engaged in gross misconduct” and that the Post “did not have good and sufficient cause to terminate” her employment, which violated the collective bargaining agreement with the newspaper’s union.

“After wrongfully firing me last year, an independent arbitrator has ordered the @washingtonpost to reinstate me immediately, with back pay,” Attiah posted on Instagram on Monday. “It’s been a year-long fight, but this is a victory for journalists everywhere. More to come soon.”

Ruling welcomed as a landmark moment

The Democracy Defenders Fund, which, along with Washington-Baltimore News Guild, represented Attiah, said the ruling marks a landmark moment for press freedom, “confirming that corporate media institutions cannot use retaliatory discipline to silence journalists who address uncomfortable truths.”

The Post said in a statement that it respects the arbitration process, but declined to comment further.

At the time, Attiah’s firing was among dozens of others across various professions stemming from comments about Kirk’s assassination, igniting a debate over First Amendment rights as Trump vowed retribution for remarks he considers disparaging.

The National Association of Black Journalists, the nation’s largest professional advocacy organization for journalists of color, added at the time that Attiah’s firing had “raised an alarm about the erosion of Black voices across the media.”

During the organization’s annual convention this month in Atlanta, the NABJ gave The Post a “Thumbs Down Award” because the newspaper has laid off Black journalists and eliminated race and culture beats.

“When the NABJ raises concerns about the treatment of Black journalists, we do so because the decisions news organizations make have real consequences for our members, our profession and the communities we serve,” NABJ President Errin Haines said Monday in a statement supporting Attiah.

This story was originally featured on Fortune.com

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Prime Minister Benjamin Netanyahu denounced MK Zvi Sukkot’s (Religious Zionist Party) unauthorized destruction of a Palestinian monument in the West Bank on Tuesday.

“The IDF is the sovereign authority in Judea and Samaria and is responsible for implementing the decisions of the political echelon,” he stated.

“Taking the law into one’s own hands – particularly by public figures – is unacceptable and hinders the IDF from focusing on its missions against terrorism and incitement.”

‘Violent provocateur’: Opposition leaders decry MK Sukkot’s destruction of West Bank monument 

Yashar party leader Gadi Eisenkot called Sukkot a “violent provocateur” who “claims to represent ‘religious Zionism’ is doing an injustice to an entire sector” in a statement condemning Sukkot for destroying a monument in Kafr Madama near Nablus on Tuesday.

Sukkot’s behavior is a “disgrace” to public leaders, Eisenkot stated. “He lied and deceived the IDF and its commanders, harmed security and tarnished the entire State of Israel.”

“[Prime Minister Benjamin] Netanyahu, who dismantled the system that enabled security and governance in Judea and Samaria through a coalition agreement, allows anarchists Zvi Sukkot and his ilk to do whatever they want, endangering security in the settlement and harming Israel’s standing in the world,” he wrote. “They must not be allowed to hold the reins of power for another day.”

MK Zvi Sukkot and several others seen smashing a monument in in Kafr Madama near Nablus, August 25, 2026. (credit: SCREENSHOT/X, SECTION 27A COPYRIGHT ACT)

Bennett: Coalition endangers soldiers’ lives for election videos

B’Yachad leader Naftali Bennett accused Netanyahu’s government of “undermining Israel’s security and Israel’s standing in the world just to rack up views on TikTok,” stating that the way to fight terror is with actions, not “pathetic provocations.”

“Smotrich and his agents weren’t content with being the architects of the evasion law and abandoning IDF fighters alone under the stretcher; now they’re also undermining their missions and endangering their lives for election videos. Netanyahu knows they’re dragging Israel to an unprecedented low, but he can’t do a thing about it because he has no government without Ben Gvir and the anti-Zionist Haredi parties.”

Sukkot demands Golan remove post calling for his arrest

“This is a person who should be behind bars and bolts, not in the Knesset of Israel,” The Democrats Party leader Yair Golan wrote, stating that Sukkot is the reason the IDF was diverted to the West Bank on the eve of the October 7 massacre.

“In the upcoming elections, the Kahanists and messianists must be removed from centers of power, and Israel returned to its track. They want eternal war. We will fight for a secure, democratic, and sane state,” he stated.

In response, Sukkot threatened Golan with a lawsuit should he not remove the X post within half an hour.

MK Gilad Kariv (The Democrats) also decried Sukkot’s actions and the IDF’s involvement, stating the military had denied consistent requests to escort him to Kusra, citing a lack of available forces.

“It turns out there are available forces to escort the arsonist to the heart of a Palestinian village,” he wrote. “Just yesterday, it was reported that the Central Command’s commander warned that it would take just one match to ignite the West Bank.  Zvi Sukkot charges into the role with glee.”

Gantz: This is not Right-wing, this is anarchism

Blue and White leader MK Benny Gantz stated that the citizens of Israel “deserve Knesset members who uphold the law. “

“This is neither right-wing nor nationalist – this is anarchy that only a broad and Zionist government without the extremists will be able to stop.”

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A coalition of progressive rabbis is recruiting fellow Jewish clergy to endorse H.R. 3565 – Block the Bombs Act, which calls for a partial arms embargo on Israel.

The coalition, called ‘Rabbis for Block the Bombs, ‘ launched publicly on 23 August and so far has 92 signatories.

It is centered on support for the Block the Bombs Act (H.R. 3565): a proposed US bill that aims to block the sale and transfer of seven of the most lethal offensive weapons to Israel. These are BLU-109 bunker-busting bombs, MK80 series bombs, GBU-39 small-diameter bomb variants, Joint Direct Attack Munitions (JDAMs), SPICE gliding bomb assemblies, 120mm tank ammunition, and 155mm artillery ammunition, including white phosphorus munitions.

The new website features a mission statement alongside the words ‘You shall not murder’ from Exodus 20:13.

The statement reads “we, the undersigned Jewish clergy, implore members of Congress to support H.R. 3565 […] a necessary step toward ending US complicity in the Israeli military’s excessive violence, and in moving towards a just peace and true safety for both Palestinians and Israelis.”

 MEMBERS OF the Jewish Voice for Peace group and allies rally in support of the Palestinian cause in Michigan. ‘The source of all this violence is Israeli apartheid and occupation,’ Grunbaum says. (credit: Dieu-Nalio Chery/Reuters)

Jewish Voice for Peace, IfNotNow, New Jewish Narrative support bill

This stance, the coalition says, is guided by the Jewish values of Pikuach Nefesh, the obligation to save lives, and B’tzelem Elohim, the belief that all humans are made in the image of the Divine.

“Our horror at the deadly and ongoing assaults in Gaza and the West Bank and the realization that we as Americans have a hand in enabling those assaults lead us to support the Block the Bombs Act.”

“Supporting the Block the Bombs Act is both a moral imperative and a strategic step toward protecting lives in Gaza,” it continues.

While the campaign is unbranded, its FAQ lists Jewish Voice for Peace,  Center for Jewish Nonviolence, IfNotNow, Jews for Racial & Economic Justice, New Jewish Narrative, Rabbis for Ceasefire, as groups supporting the bill. These groups are widely disavowed by mainstream Judaism, and several have attracted significant controversy for their anti-Israel campaigning and BDS support.

Among the signatories are Rabbi Alissa Wise – former co-director of organizing for Jewish Voice for Peace (JVP) and founder of Rabbis for Ceasefire – Rabbi Brant Rosen – Co-founder of the JVP Rabbinical Council – Rabbi Lynn Gottlieb – longtime activist with JVP – and Rabbi David Mivasair – prominent activist with JVP and Independent Jewish Voices Canada.

Alissa Wise was previously photographed hugging Rasmea Odeh, who planted a bomb in a Jerusalem supermarket, killing two and injuring 9.

This post was originally published on here. 

Israel has “abandoned” its haredi students by allowing decisions about education to be made outside the public sector, former Beit Shemesh mayor and Unity Party member Aliza Bloch told The Jerusalem Post, arguing that reforming the education system must begin in kindergarten.

Bloch, an educator who recently joined former UN ambassador Gilad Erdan and MK Yuli Edelstein’s new Unity Party, said the education system requires better teachers, greater professional authority for principals and more respect for educators.

“I want to be involved in education, of course, because I believe that most of our problems in Israel begin in kindergarten, in the classroom and in the school,” Bloch said.

She also criticized the structure of Israel’s education system, arguing that the government has ceded too much responsibility for decisions affecting students to bodies outside the public sector.

“I have to say that we’ve abandoned the haredi students because many of the decisions in their education are not made by the public sector,” she said.

former Beit Shemesh mayor and Unity Party member Aliza Bloch in an interview with 'The Jerusalem Post.' (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

Children must learn to feel they are a part of Israeli society

For Bloch, education and conscription cannot be separated. She argued that the state cannot wait until young people reach 18 to ask them to take responsibility for the country if they have not previously been given the opportunity to understand Israeli society and their place within it.

“From kindergarten, students need to learn about Israel. They need to feel that they are part of society and that they need to take responsibility for our lives,” she said.

“When they reach 18, we tell them they need to go to the army, but they don’t know enough about our society.”

Bloch said that changing this would require starting much earlier.

“If we want to make a change, we need to work from kindergarten, to give them the option to learn about Israel, to feel that they are part of the society, to feel that they need to take responsibility about our life,” she said.

She argued that young Israelis should not be able to reach adulthood without a basic sense of civic responsibility.

‘Living with different people makes us better people’

Bloch’s stance on education reflects a broader political philosophy that Bloch said she developed during her time as mayor of Beit Shemesh, a city she described as one of Israel’s most diverse.

“I believe that living with different people makes us better people,” she said. “When I was mayor, all of my work was about helping people live together and respect everyone. It doesn’t matter if you are secular, Orthodox, or Modern Orthodox. Everybody is a person.”

Her experience governing the city also shaped her belief that political cooperation between groups with sharply different views is possible.

“We don’t need to agree on everything, but we must respect everyone,” she said.

That belief now forms the basis of Bloch’s argument for a broad Zionist government, rather than another narrow coalition dependent on small political factions.

The Unity Party was launched earlier this month by Erdan and Edelstein as a new right-wing political framework committed to universal military service and a broad coalition rather than a narrow bloc government. Erdan and Edelstein have presented the party as an alternative for right-wing voters dissatisfied with the existing political camps. The party was formally launched in early August.

“I think Gilad Erdan and Yuli Edelstein are examples of people who have values and work according to their values,” she said.

Asked about potential coalition partners, Bloch tied her red lines directly to national service and support for the state.

“If the government sends my son to the army, it must be that all of their children go to the army as well,” she said.

“I can’t sit with people who support Hamas or who don’t understand that serving in the army is not a question of whether I want to or don’t want to. It is a responsibility for everybody.”

Bloch supports a broad government coalition, PM ‘not important’

Bloch did not rule out sitting in a government led by Prime Minister Benjamin Netanyahu, saying the identity of the prime minister was less important to her than the composition and mandate of the government.

“For me, it’s not important who will be the prime minister. I believe that we must build a very broad government,” she said.

“After the war, our society needs a very broad government to take responsibility and make changes in education, the economy and the army.”

For Bloch, a broad coalition is not simply one possible political arrangement.

“It’s not an option. It’s a must,” she said.

“We are after several very difficult years, and we saw what happened with a narrow government. A narrow government can’t do anything in Israel.”

She argued that the need for a broad government that is willing to compromise has become more urgent following the war, as Israel attempts to rebuild trust between communities that have become increasingly divided.

“I think compromise makes you stronger. I believe all the citizens of Israel want it because we are very tired. We are tired of the conflict,” Bloch said.

“Being prime minister is very important, but building our society is more important.”

Bloch’s call for cooperation extends beyond the political system to Israel’s security challenges.

On Gaza, she avoided proposing a detailed political arrangement, instead saying that the central test of any postwar policy should be whether Israelis can live safely.

“For me, the end of this story is that our citizens must feel safe,” she said. “We can’t give them a situation where every day they are afraid to live there.”

She said the same principle applies to the North and to the country as a whole.

“We have a very strong army and a strong citizenry. After the war, we must give people security,” she said. “For me, this is very important in the North, in Gaza and in all the country.”

Ultimately, Bloch said, the cooperation Israelis have demonstrated during wartime needs to become part of everyday life.

“We learned that in the army. Our children work together in Gaza. Now we must learn to live together here in Israel, in peace, not in war,” she said.

“In war, we know how to do it. Now we must learn to do it here in our life, in education, in economy, in politics, in all the subjects.”

“We must learn to do it.”

This post was originally published on here. 

Oklahoma grassroots activist N’kiyla Jasmine Thomas is facing off on Tuesday against centrist Jim Priest in a Democratic Senate race that has become the latest litmus test for progressive politics in a conservative stronghold. 

The two candidates are battling at the ballot box for the second time this summer after neither of them secured the needed majority to win the June primary contest. Thomas, a nurse who has been vocal against AIPAC, earned 45% of votes in the June five-person matchup, while Priest, a lawyer and ordained minister, accrued 24%. 

Both Thomas and Priest would be underdogs in the general election against Republican candidate Rep. Kevin Hern, who swept his primary and clinched the endorsement of US President Donald Trump. Oklahoma hasn’t sent a Democrat to the Senate in more than three decades. 

Nonetheless, Tuesday’s runoff will serve as a referendum on the potency of progressivism in a deep-red state, just a week after democratic socialist Angie Nixon knocked out her moderate opponent in Florida’s Democratic Senate primary. 

Unlike Nixon, Thomas is not a member of the Democratic Socialists of America. She has, however, openly identified with socialist policies, while her opponent, Priest, calls himself a moderate. 

Oklahoma Democratic candidate N’kiyla Jasmine Thomas in a promotional video taking out a red trash bin labeled ''AIPAC Funds'' and ''Corporate PAC Funds,'' November 12, 2025. (credit: Screenshot/Instagram/jasmineforok)

Neither candidate has a wealth of political experience. Priest, 70, made a failed bid for Oklahoma attorney general in 2010 and was previously the CEO of two nonprofit organizations. His campaign priorities center on reducing the cost of living, making healthcare more accessible and inspiring confidence in government. 

Thomas, meanwhile, is a 31-year-old citizen of the Chickasaw Nation, who says she represents “the next generation of leaders.” Among her key focuses are women’s health and safety, civil rights, and LGBTQIA+ protections. She has also repeatedly pledged to never take money from the American Israel Public Affairs Committee.

Although the pro-Israel lobby has not been involved in this race, a November social media reel showed Thomas pulling a giant red trash bin, adorned with the labels “AIPAC Funds” and “Corporate PAC Funds.” Alongside the reel is a caption that reads, “Just taking out the trash.”

“I am a sole grassroots candidate,” she said in the reel. “And we are not accepting AIPAC or corporate PAC funds. It’s garbage.”

Asked about her rhetoric on AIPAC, Thomas told the Jewish Telegraphic Agency that “My concerns have NEVER been about Jewish people, Judaism, or Israel’s existence,” saying that she instead prioritizes human rights, civilian lives, and the accountability of all governments.

Some voters see it differently. David Howman, a 30-year-old Jewish banker in Tulsa, said that although he’s “a fairly progressive Democratic voter,” he considers Thomas’s usage of AIPAC to be “a pretty cheap political tactic.” 

“It’s kind of like a little grenade you get to toss out in there,” Howman told JTA. 

“If AIPAC were funneling a bunch of money into the Jim Priest campaign, maybe that’s a conversation that is worth having,” he added. “But they’re not even touching this race.”

Though Howman voted for Priest in Tuesday’s runoff, he noted that a different candidate, Troy Green, was his favorite in the June primary. 

Both candidates claim genocide occurring in Gaza

When asked at a Saturday debate about Israel’s military actions, both candidates confirmed their belief in the existence of a “genocide” in Gaza. Only Priest, however, linked the word to Israel, while Thomas connected it to the actions of Prime Minister Benjamin Netanyahu. 

Priest recognized that Hamas “committed atrocities,” noting that “they kidnapped people, they killed people, they tortured people” and that “they should be held accountable.” But he also deemed Israel’s retaliation “disproportionate to the threat.”

“In response, Israel is committing genocide,” he said, accusing the Jewish state of preventing medical supplies and food from getting to people. 

Expressing skepticism about both one-state and two-state solutions, Priest declared that “what’s needed is a 24-state solution,” in which the whole Middle East unites “in something like the Abraham Accords.” 

The Priest campaign did not respond to JTA’s request for comment. 

Thomas, meanwhile, emphasized that “we can be for our Jewish brothers and sisters, and we can be against Netanyahu and what he is doing.” 

“He is committing genocide. He is absolutely murdering children,” Thomas said. “We have to stop providing funding for these wars.”

She also backed the International Criminal Court’s decision to issue arrest warrants for Israeli leaders, noting that the US should “not be on the side of another country that we don’t even have any ties to, outside of allyship.”

Thomas had previously refrained from using the word genocide in public statements, instead expressing “solidarity with Palestine” and calling for an end to “unconditional funding of Israel’s military.” 

Thomas says she stands with Jews against antisemitism amid criticism of Israel

In her response to JTA’s request that she clarify her stances on AIPAC and Israel, Thomas provided a lengthy written statement. 

“I stand with my Jewish brothers and sisters against antisemitism, hate, and discrimination in all forms,” she said, referring to Judaism as one of the “most enduring faith traditions.” 

Reiterating remarks she made at the debate, Thomas noted that “two things can be true at the same time,” and advocated for both the security of the Jewish people and a willingness to criticize “any government, including the current leadership of Israel.”

Thomas also voiced support for a two-state solution, explaining that “both Israelis and Palestinians deserve the opportunity to live in peace, security and self-determination.”

“When I discuss political influence or organizations, my focus is on the broader role of money, lobbying, and special interests in our political system, not on any one religion or community,” she added. 

Regardless of who comes out victorious on Tuesday, Howman said that many Democrats will be heading to the ballot box this November with a pessimistic outlook. 

“That’s kind of the challenge that we have here in Oklahoma,” he added. “There’s definitely a sense of defeatism on the Democratic side.” 

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[DAMASCUS] Four years after signing a judicial agreement with Russia, the stated purpose of which was to strengthen cooperation in pursuing criminal offenders and extraditing wanted individuals, former Syrian President Bashar Assad now finds himself at the center of an unprecedented legal and political test: Can Damascus use the treaty he ratified while in power to seek his extradition from Moscow? 

The question has taken on new significance after Damascus’ Fourth Criminal Court sentenced Assad to death in absentia on Aug. 11 in a case related to abuses committed during the crackdown on protests in Daraa in 2011. Several former senior military and security officials were convicted in the same case, including his brother, Maher Assad, who was also sentenced in absentia and lives in Moscow. 

With Assad residing in Russia since the fall of his regime in late 2024, the practical significance of the Syrian judgment no longer rests solely on what happened inside the courtroom, but on whether Syrian authorities will take the next step and formally ask Moscow to extradite him. 

A bilateral legal framework for such a move already exists. On June 29, 2022, Syria and Russia signed a formal extradition treaty in St. Petersburg, alongside a separate agreement on mutual legal assistance in criminal matters. 

On the Syrian side, Assad ratified the agreement that same year. On the Russian side, President Vladimir Putin ratified the extradition treaty in April 2023 through a federal law, before the treaty text was published on Russia’s official legal portal in June of that year. 

The treaty provides for cooperation between the two countries in extraditing individuals sought for criminal prosecution or in enforcing court judgments. 

Assad signed his own future extradition

The irony is that the man who approved the mechanism while serving as Syria’s president has now become the most prominent person wanted by the Syrian judiciary, while the country that signed the agreement with him would be on the receiving end of any potential extradition request. 

The treaty, however, does not make extradition automatic. It establishes conditions and grounds for refusal that the requested state can consider when evaluating a request, including the nature of the offense, dual criminality, and considerations related to the prosecution and potential punishment. 

This is where one of the case’s most complicated issues emerges. The death sentence against Assad could simultaneously provide a powerful basis for seeking enforcement of the judgment inside Syria and an obstacle to securing his return from Russia. 

The Syrian-Russian extradition treaty contains provisions allowing extradition to be refused when the offense underlying the request is punishable by death in the requesting state, raising the question of whether Moscow could rely on that provision to reject Assad’s extradition. 

Walking back the death sentence?

It also raises another legal question: Could Damascus overcome that obstacle by providing formal assurances that the death penalty would not be carried out?

According to Syrian legal expert Mahmoud al-Hammam, the fact that Assad was sentenced to death in absentia does not, in itself, constitute an absolute barrier to his extradition from Russia to Syria.

Al-Hammam told The Media Line that the agreement permits refusing extradition when the offense is punishable by death. However, he said the request can still proceed if the requesting state provides assurances that Russian authorities deem sufficient that the wanted person will not face the death penalty.

Al-Hammam said that the fact that the judgment was issued in absentia does not automatically render an extradition request unenforceable. It would, however, require Syria to address Assad’s right to have the judgment reviewed or to receive a new trial following extradition, ensuring his right to a defense and to be tried in person. 

Accordingly, al-Hammam said, the death sentence and the in absentia judgment create additional legal conditions for any Syrian extradition request. In principle, both obstacles could be addressed through formal assurances that the death penalty would not be imposed, together with a guarantee of judicial review of the in absentia judgment. Whether those assurances would be sufficient would ultimately be for Russian authorities to decide, alongside any other grounds for refusal available under Russian law or the extradition treaty. 

The treaty also establishes the official channels through which extradition requests are to be handled. Syria’s Ministry of Justice serves as the central authority on the Syrian side, while Russia’s Prosecutor General’s Office performs that role on the Russian side. 

That makes the first question straightforward: Has the Syrian Ministry of Justice sent a request concerning Assad to Russia’s Prosecutor General’s Office, or has it begun preparing such a request? 

As of Aug. 23, Syrian authorities have not publicly announced that they have submitted a formal extradition request to Moscow, and Russia has not announced that it has received such a request. 

The issue, however, extends far beyond the law. Russia is not merely a neutral country hosting a former Syrian official—it was Assad’s most important military and political ally during the war and intervened militarily in Syria in 2015 to support his government. 

But Assad’s overthrow did not sever relations between Damascus and Moscow. Syria’s new authorities and Russia are working to redefine their relationship, including questions surrounding the Russian military presence at Hmeimim and Tartus, previous contracts, economic interests, and the future of military and political cooperation. 

That makes any Syrian request for Assad’s extradition as much a political decision as a judicial procedure. If Damascus seeks his extradition, it would be asking Moscow to surrender the man who stood at the center of Russia’s Syria policy for nearly a decade. If it refrains from making the request, another question arises: How can Syria pursue accountability for the former regime’s leader without using an existing legal mechanism with the very country sheltering him? 

A diplomatic source familiar with Syrian-Russian discussions told The Media Line that talks are currently focused on economic and political issues and diplomatic representation, and that Assad’s extradition is not being discussed at present. 

The source, a Syrian based in Damascus who requested anonymity, claimed that Syria would eventually ask Russia to extradite Assad on the basis of the existing bilateral extradition agreement. The source, however, did not specify when the process of submitting such a request might begin. 

Legal status inside Russia

Assad’s legal status inside Russia presents another issue. Any Syrian request could be affected by whether Assad has been granted a particular legal status or protection by Moscow—such as citizenship, asylum, or another legally recognized protection—potentially providing an additional basis for delaying or refusing extradition. 

Under the treaty, Russia could also consider whether an extradition request is political in nature or whether there are concerns regarding the proceedings or punishment Assad could face upon his return. 

The existence of the treaty, therefore, does not mean Damascus can simply submit a request and wait for Assad to be handed over. 

It is, however, significant. A formal legal mechanism exists and can be tested. That distinguishes Assad’s case from a purely political or rhetorical demand for his return. 

The issue comes as Syria’s new authorities have begun pursuing former military and security officials who left the country after the regime’s collapse, with extradition cases involving other countries also beginning to emerge. 

In Lebanon, for example, Damascus has moved to seek the return of former officials, while Lebanese authorities have begun examining separate extradition cases involving officers from the Assad era. 

But Assad is no ordinary fugitive. His case tests the new Syrian state’s ability to translate its rhetoric of accountability into action beyond its borders. At the same time, it tests how far Russia is willing to go in sacrificing its former ally in order to preserve its relationship with Syria’s new government. 

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With a growing number of luxury condo complexes attracting an ever-changing cast of residents, it’s often hard to find the romantic West Village charm that launched so many New York City dreams. That elusive charm defines this cozy studio at 729 Greenwich Street on an iconic block between Perry and Charles Streets. A private entrance accesses the street-level studio. Asking $545,000, the move-in-ready co-op is no relic; the stylish pad benefits from bespoke flourishes and updated infrastructure where it matters.

South-facing windows maximize light and overlook a quiet shared garden. Framed by refurbished wide plank hardwood floors and a new ceiling, the unit has new electrical throughout. Stylish accents include Rejuvenation pendant lights and dimmers, exposed brick walls, and a decorative fireplace fronted by vintage brass.

The renovated kitchen exudes European charm while providing the function needed for small-space living beneath a dramatic candelabra chandelier. Warm walnut butcher block countertops frame soft-close cabinet drawers, a two-drawer under-counter refrigerator/freezer, and a gas cooktop and oven. A stainless steel sink is framed by open shelving of solid walnut.

There’s plenty of room for sleeping in this petite maisonette. A windowed bath has been given new life with a reglazed tub and tiles.

A lovely shared garden offers seating and a grill area. The three-story co-op building has basement storage, an open bike parking area, and a full-time superintendent.

Nearly all subway lines are nearby, and the Hudson River Promenade, the High Line, the Whitney Museum, and some of the city’s best restaurants, bars, and shops can be found in every direction.

The pet-friendly co-op allows pieds-a-terre and co-purchasing. Unlimited subletting is allowed after two years of residency.

[Listing details: 729 Greenwich Street, J28 at CityRealty]

[At The Corcoran Group by Peter McLean and Sonia Cozzi]

RELATED: 

The post This $545K studio captures the romantic spirit of the West Village first appeared on 6sqft.

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The United States canceled a joint amphibious landing drill scheduled for next month with South Korea, Seoul’s Marine Corps said on Monday, after Washington cited constraints on the availability of US forces due to the war in Iran.

The US Marine Corps formally notified its South Korean counterpart in June that force availability would be constrained for the division-level exercise, known as Ssangyong, a South Korean Marine Corps spokesperson told a press briefing.

The allies remain in close consultations on resuming the drills, the spokesperson said. He did not specify what measures might be taken to prevent future cancellations or to make up for lost training opportunities.

US Forces Korea did not immediately respond to a request for comment.

Rubio spoke with the South Korean foreign minister about a ‘range of issues’

Later on Monday, the US State Department said that US Secretary of State Marco Rubio had spoken with South Korean Foreign Minister Cho Hyun about a “range of issues” in their alliance.

Rubio told his South Korean counterpart that Washington and Seoul need to remain in close coordination on matters integral to their alliance, according to a State Department statement.

The cancellation of the amphibious landing drill follows US President Donald Trump‘s surprise order to scale back a separate annual joint military exercise that ended last Friday, citing the cost and Seoul’s refusal to take part in the Iran war.

Trump also wrote on his Truth Social platform that the Ulchi Freedom Shield drills sent “a signal that was totally inappropriate and hostile, to a Country that, as long as Donald J. Trump has been President, has been unthreatening and respectful.” Despite the reduction of the exercises, Pyongyang fired 10 short-range ballistic missiles last week and issued a statement denouncing the exercises.

North Korea has long condemned such joint exercises as rehearsals for invasion.

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The Department of Veterans Affairs is making progress on its goal to add the new electronic health record to all of its medical centers. Past deployments have been plagued by technical challenges and delays.

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Vet Tix surpassed an incredible milestone, as it has now handed out 40 million free event tickets to veterans, active military members, former and current first responders, and their families across all 50 states. 

Vet Tix began as a grassroots effort in a garage in Phoenix in 2008, and today, the nonprofit organization has grown into the nation’s largest Veteran Service Organization, serving more than 2.8 million members. They announced their milestone in a press release on Tuesday. 

“It’s not just 40 million tickets. It’s 40 million opportunities to create memories, strengthen family bonds and give something back to those who have served our country and communities,” Michael A. Focareto III, U.S. Navy veteran, CEO and founder of Vet Tix said in the press release. 

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“We’re grateful to the thousands of donors, including sports teams, venues, artists, ticketing organizations and individuals, who make these experiences possible. Every ticket helps us move closer to our goal of reaching veterans, service members and first responders in every community across the country. We also work to create opportunities for the family members and friends who support them by securing ticket donations that appeal to a wide range of interests.”

Vet Tix said that the Arizona Diamondbacks were its first major donor in 2008. About 40% of its tickets are sports-related. 

Through Vet Tix and 1st Tix, recipients gain access to sporting events, concerts, family attractions, comedy performances and performing arts events. A study conducted by IMPCT Group found that attending live events has significant benefits for the wellness and social engagement of veterans, first responders and their families. 

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The study showed that 90% of respondents reported that attending events positively affected their well-being, while 86% of respondents reported stronger family bonds. 

The tickets distributed have a combined face value exceeding $2.6 billion, while additional event-related spending has generated an estimated $3.75 billion in economic activity. The total estimated economic impact exceeds $6.5 billion. 

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On average, Vet Tix distributes 25,000 to 30,000 tickets a day.

“The act of service to our country and communities is something most Americans will never have to experience,” Focareto said. “In addition to enduring the impacts of military deployments or long shifts while on duty, many veterans, service members and first responders endure invisible emotional challenges. These events are much more than a way to pass the time. They create space for moments of joy that are an important part of recovery, rehabilitation, reintegration and reconnection.” 

This post was originally published here. 

Top of the morning to you, and a fine one it is. Clear blue skies and comfy breezes are enveloping the Pharmalot campus, where the official mascots are happily racing round the grounds and we are firing up the trusty kettle for another cuppa stimulation. Our choice today is apple hibiscus. And here is a helpful tip — a teaspoon of honey enhances the flavors splendidly. Of course, you are invited to join us. For the full experience, we are now hawking replicas — take a look. Meanwhile, here are a few items of interest. As always, do keep in touch. We appreciate feedback, criticism, and tips. …

A group of U.S. senators said U.S. Health and Human Services Secretary ​Robert F. Kennedy Jr.’s recent explanation for how he disposed of a financial stake in litigation involving Merck’s ‌Gardasil vaccine conflicts with earlier answers he gave in written testimony and federal ethics filings, Reuters reports. In a letter sent by four Democrats, the lawmakers noted Merck earlier this year agreed to pay $50 million to settle litigation over the Gardasil HPV vaccine. Last month, they asked whether Kennedy’s son received his share of the Gardasil fees, and if so, how much money was involved. They also asked why Kennedy did not commit to recuse himself from HHS decisions involving Gardasil, ​or other policymaking around vaccine litigation.

The U.S. Food and Drug Administration approved expanded use of a Johnson & Johnson ​drug to treat a rare blood disorder, Reuters notes. The approval makes Imaavy the first treatment cleared for warm autoimmune hemolytic anemia, or wAIHA, and covers patients aged 12 and older who are currently or were previously treated with ​steroids. The approval was ​based on a mid-to-late-stage study of 115 adults. About 1 in 8,000 people have wAIHA, which is life threatening, with 1 to 3 new cases diagnosed annually per 100,000 people. The drug is infused into a vein every ​four weeks at a dose based on weight.

Continue to STAT+ to read the full story…

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The Trump administration is preparing to revoke the business and tourism visas of up to 200,000 foreigners who have applied for or are currently seeking asylum status in the United States. If it happens, the move would be the largest single mass revocation of visas in U.S. history and would likely face legal challenges.

Unless challenged or revised, the State Department is expected to announce in the coming weeks the revocation of so-called B1 and B2 visas issued between 2016 and 2026 whose holders have sought asylumor are now seeking asylum, according to State Department documents obtained by The Associated Press and two U.S. officials. The action will be taken in coordination with the Department of Homeland Security.

“We are coordinating with DHS to identify and revoke the nonimmigrant visas of foreigners who have come to the United States claiming to be short-term visitors, but then file for asylum to stay here permanently,” said State Department spokesman Tommy Pigott.

He declined to comment on the number of visas that might be revoked, saying “as the process will be ongoing, the number of revocations remains dynamic and will be done on a rolling basis.”

The revocations would not necessarily result in their immediate deportation, the officials said. Most of those with asylum cases currently pending would be recategorized but would lose their status as business or tourism travelers, according to the officials, who spoke on condition of anonymity because the revocations are not final yet.

Since President Donald Trump took office for his second term last year, his administration has steadily ramped up restrictions on visa applicants — demanding more information about their social media histories, requiring the posting of expensive bonds for the processing of visas, and outright banning the issuance of visas to citizens of certain countries.

In a social media post on Monday, Deputy Secretary of State Christopher Landau called out people who he said try to use tourist and business visas to get into the United States and then apply for asylum.

“People in the US and all over the world are fed up with bogus asylum claims,” Landau wrote on X. “Asylum isn’t supposed to be a loophole to circumvent immigration law.” Landau cited the case of a Colombian citizen who came to the U.S. in 2015 on a tourist visa and then applied for asylum.

B1 visas are generally issued for business trips and B2 visas are generally issued for tourism, family visits or medical care. It was not immediately clear from the documents or the officials how many of these visa holders are seeking or have sought asylum in the United States and would be affected by the revocations.

Current applicants for B1 and B2 visas are asked to affirm that they will not apply for asylum in the United States and prove that they intend to return to their home countries.

In the past 18 months, the State Department has revoked about 175,000 visas for people who have been convicted or accused of crimes ranging from drunken driving to rape and robbery, as well as for people who have spoken out publicly against U.S. policies, particularly in the Middle East.

The administration has also moved to crack down on so-called birth tourism, a practice the administration claims is used by foreign pregnant women to come to the United States to give birth so that their child will benefit from birthright citizenship. Trump has tried several times to end birthright citizenship, but those challenges have been rejected by courts, including the Supreme Court.

The State Department documents obtained by the AP suggest screening of current B1 and B2 visa holders began after the State Department received information about asylum requests from the Citizen and Immigration Service.

This story was originally featured on Fortune.com

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US public approval of the war with Iran fell to its lowest level since the conflict’s early days, helping to hold President Donald Trump’s popularity at a record low, according to a Reuters/Ipsos poll that closed on Monday.

The four-day poll showed just 31% of Americans support US military action against Iran, down from 37% in a March Reuters/Ipsos poll and 34% earlier this month.

The decline was driven by fewer self-identified Republicans backing the conflict. Some 69% of Republican respondents support the war, compared with 77% in March.

Support for the conflict has remained below 40% since the US and Israel launched strikes on Iran on February 28.

A July Reuters/Ipsos poll also found that 69% of Americans believed Trump had not clearly explained the goals of US military involvement in Iran.

Support for Iran war falls as Trump approval remains at record low

The war has been dragging on Trump’s public standing this year, and for the second survey in a row, just 33% of respondents said they approved of the Republican’s performance in the White House, the lowest level in polls from Trump’s first or second term.

US President Donald Trump delivers remarks with cryptocurrency executives in the Roosevelt Room at the White House in Washington DC, US, August 19, 2026. (credit: Reuters/Kylie Cooper)

Trump’s approval had fallen to 33% in the previous Reuters/Ipsos poll, down from 35% earlier in August. That result tied the lowest approval rating recorded during his first term, reached in December 2017.

Some 83% of the country thinks the war will go on “for an extended period of time,” the Reuters/Ipsos poll found, up from 80% earlier this month.

The poll surveyed 1,215 US adults nationwide and had a margin of error of 3 percentage points in either direction.

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Ask a room full of enterprise software executives whether they’re using AI in a meaningful way, and—according to WalkMe cofounder and CEO Dan Adika—you’ll get almost total silence.

“I was in a conference in Madrid in May, it was the biggest SAP conference. And I had my keynote and I’m like, ‘Raise your hand if you’re using AI in a meaningful way.’ Now, our survey said 8%. So I expected 8% to raise hands—two people raised hands. Two people,” Adika told Fortune. “That’s the reality.”

That anecdote cuts against the reassuring half of a new survey WalkMe is releasing Tuesday. The company’s third annual AI at Work Pulse Survey, conducted by Propeller Insights among 2,037 working U.S. adults, finds employees are lying less about their AI skills than they were a year ago. The share who admit to pretending to know AI in a meeting fell from 45.2% in 2025 to 28.3% in 2026. The share who admit to passing off AI-generated work as their own dropped from 48.7% to 32.5%.

But the survey—and Adika’s own account of selling AI software into enterprises all day—describes a workforce that hasn’t so much improved as it has simply stopped policing itself. Ninety percent of workers say they feel confident using AI. Only 24.6% say it works on the first try. Half say they’ve spent more time trying to get AI to do a task than the task would have taken manually.

“Workers are not becoming more deceptive; they are becoming more comfortable,” the release states, which is another way of saying the lying didn’t go away so much as it became unnecessary. Nobody needs to fake competence they sincerely believe they already have. Adika explained to Fortune why this growing confidence often blends into overconfidence.

The math doesn’t back up the confidence

Adika’s read is this confidence is mathematically indefensible once you look at a company’s P&L instead of its employee surveys.

“If you have 50,000 employees, so you should save 50,000 hours, let’s call it a week. So you should have saved 200,000 hours a month. Where are the $4 [million] or $5 million in savings?” Adika asked. By and large, he added, “it is not there. It’s not translating to actual P&L savings.” On where the AI adoption story stands, he said: “People feel that it saves time… but they don’t think they can correlate it to actual business results.”

Part of the disconnect, he argued, is a double standard baked into how people judge AI’s mistakes versus their own. “Everybody expects AI to be perfect,” he said. “If AI is wrong 1%, while a human being is wrong 10%, all the focus would be, wow, the AI got it wrong—but he got it wrong 1% while everybody else gets it 10%. There is a big resistance.”

That resistance persists even though the confidence gap runs all the way to the top: 53.6% of employees say they’ve felt a senior leader doesn’t fully understand the AI strategy that leader is publicly championing.

“Everyone, from the newest hire to the executive suite, is learning AI in real time,” said WalkMe’s Global Field CTO KJ Kusch.

The knowledge workers are handing over

Adika argued this overconfidence is especially dangerous because of what companies are actually asking employees to do with AI right now: pour their own expertise into it. He calls the resulting system a “company brain”—a shared memory layer meant to let AI agents operate the way a well-trained employee would. Building it, in his telling, is not a neutral technical upgrade.

“When you’re building the company brain, you’re basically putting a sword on your neck. That’s what you’re doing as an employee,” he said.

The mechanics of that threat, as he described them, are straightforward. A manager who once needed a team of 10 people to execute decisions can, once an AI system is trained on that team’s collective knowledge, get by with two people making calls and one person checking the AI’s work.

“So now you can shrink the team from 10 to three,” Adika said. That leaves the employees being asked to train the system in a bind: The more thoroughly they teach an AI agent to do their job, the less essential they become. “It means that they take all their knowledge, they move it to the AI. Now the AI can do it instead of them. Now they might fire them, right? So it’s a catch,” he said.

That’s the same overconfidence problem in a different light. A workforce that believes it has mastered AI is a workforce likely to hand over its knowledge without fully reckoning with what it’s trading away—and Adika suggested that gap in understanding, more than any deliberate corporate scheme, is what’s currently unsettling employees the most.

“No one has a good answer for that,” he said of where it leaves individual workers.

Why more training won’t fix this

The standard corporate response to shaky AI results has been more training. Adika thinks that response is backwards, because overconfidence is exactly what makes training ineffective—nobody signs up for a class on a skill they’re already certain they’ve mastered.

“You need to train AI like you train a human,” Adika said. “When I hire someone, it takes two to three months to onboard that person… Same goes with the AI. Maybe it’s a bit faster, but people don’t give AI the same attention.”

That tracks with what WalkMe’s own respondents said would actually help: standalone training courses ranked behind better integration between AI and the apps people already use (33.7%) and guidance built directly into those tools (30.2%). Adika’s most concrete explanation for the gap has less to do with psychology than plumbing—AI tools that work perfectly in a sales demo and then hit a wall the moment they touch a company’s actual permissions structure.

“I go, I see a demo. They’re showing me this bot. I can say, hey, how much is [an employee’s] salary, I want to give her a raise, request a spot bonus. The bot is doing that. Everything is great,” he said. “Then my chief security officer says, wait a minute—no one can access salaries that way.”

The promise of one AI assistant collapses back into a maze of disconnected tools requiring separate logins for each task—at which point, he said, employees quietly give up and do it the old way. Multiply that across every department and every vendor’s own AI studio—Microsoft’s Copilot, Salesforce’s Agentforce, SAP’s Joule—and you get what he called “mega chaos.” None of that friction shows up in a confidence survey. It just shows up later, as a missed deadline or a bad decision someone quietly blames on themselves.

The generation with the most to lose

The clearest evidence that confidence and competence are drifting apart shows up in the generational data. Gen Z is the most confident cohort using AI, at 94.1%—and also the most likely to have overstated its skills, with 45% admitting to pretending to be more skilled than they actually are, compared with 13% of baby boomers. That overstatement wasn’t harmless: 31% of Gen Z workers say it caused a real workplace problem—a mistake, a missed deadline, a bad decision, lost trust—versus 7% of baby boomers.

Adika, who runs an AI agent trained on his own work that he says now outperforms him on certain tasks, put the stakes for junior, more automatable roles in the starkest terms of the conversation.

“If I were the developer or if I’m a designer, I would be scared,” he said. “Why do they need me anymore? They can do everything with AI.”

His hope is the bar for human work simply rises—companies building 50 products instead of one—rather than employing fewer people to build the same one.

Asked where this goes next, Adika didn’t reach for hype, which is itself notable coming from an executive whose company sells the fix for the exact gap his own data describes.

“Wow, I wish I knew—I can just guess,” he said. Barring “a mega breakthrough… it would be a little bit better than now, not significant. Just kind of muddling through.”

The workforce, in other words, isn’t lying about AI anymore. It’s just started believing its own press.

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.

This story was originally featured on Fortune.com

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As of 8 a.m. Eastern Time today, oil is trading at $90.21 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $3.91 below yesterday morning’s level and about $21.40 higher than where it stood a year ago.

Oil price per barrel % Change
Price of oil yesterday $94.12 -4.15%
Price of oil 1 month ago $98.69 -8.59%
Price of oil 1 year ago $68.82 +31.08%

Will oil prices go up?

No one can say for sure where oil prices will go next. Many forces shape the market—but at the core, it’s still about supply and demand. When risks like a potential recession or war ramp up, oil prices can change direction quickly.

How oil prices translate to gas pump prices

When you buy gas at the pump, you’re covering more than the cost of crude oil. You’re also paying for every step in the process, including refineries, wholesalers, taxes, and the markup your local gas station adds.

Even so, crude oil has the biggest influence on what you pay, often making up more than half the cost per gallon. When oil prices jump, gas prices usually climb right along with them. But when oil falls, gas prices often slip much more slowly—a pattern sometimes called “rockets and feathers.”

The role of the U.S. Strategic Petroleum Reserve

If an emergency hits, the U.S. keeps a backup supply of crude oil called the Strategic Petroleum Reserve. It’s mainly there to protect energy security during crises, such as sanctions, catastrophic storm damage, even war. It can also help cushion the blow when supply shocks send prices soaring.

It’s not meant to solve long-term problems. Instead, it provides quick relief for consumers and helps keep vital parts of the economy moving, like essential industries, emergency services, and public transit.

How oil and natural gas prices are linked

Oil and natural gas are two of the world’s primary energy sources. A big change in oil prices can affect natural gas by extension. For example, if oil prices increase, some industries may swap natural gas for some segments of their operations where possible, which which increases demand for natural gas.

Historical performance of oil

When looking at how oil performs, two main benchmarks stand out:

  • Brent crude oil is the main global oil benchmark.
  • West Texas Intermediate (WTI) is the main benchmark of North America.

Of the two, Brent gives a better picture of global oil performance because it prices a large share of the world’s traded crude. It’s also the go-to for tracking oil’s historical trends. In fact, even the U.S. Energy Information Administration now relies on Brent as its primary reference in its Annual Energy Outlook.

If you look at the Brent benchmark over several decades, oil has been far from stable. It has experienced sharp rises tied to wars and supply cuts, along with steep drops linked to global recessions and oversupply (called a “glut”). For example:

  • The early 1970s delivered the first major oil shock when the Middle East slashed exports and placed an embargo on the U.S. and others during the Yom Kippur War.
  • Prices fell in the mid-1980s due to lower demand and an influx of non-OPEC oil producers joining the market.
  • Prices surged again in 2008 as global demand grew, but then crashed alongside the global financial crisis.
  • During the 2020 COVID lockdown, oil demand plummeted like never before—pushing prices below $20 per barrel.

To sum up, oil’s historical performance has been anything but smooth. Again, it’s heavily influenced by wars, recessions, OPEC whims, shifting energy policies, and much more.

Energy coverage from Fortune

Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:

Frequently asked questions

How is the current price of oil per barrel actually determined?

The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.

How often does the price of oil change during the day?

The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.

How does U.S. shale oil production affect the current price of oil?

In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.

How does the current price of oil impact inflation and the broader economy?

When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.

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An 8-year-old girl in Louisiana has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family says.

Lillian Smart died over the weekend after being diagnosed with an infection from Naegleria fowleri, according to a spokesperson for her family. Health authorities describe it as a “brain-eating amoeba” that thrives in freshwater bodies around the U.S. and can shoot up the nose and cause an infection that almost always proves fatal. On average there are fewer than 10 cases annually in the U.S.

The Louisiana Department of Health, in a separate release announcing the case, said Naegleria fowleri ‘grows best’ in extended periods of extreme heat and lower water levels — conditions that have persisted across the Gulf South this summer.

“Last night Lillian ran from our arms to the arms of Jesus,” her parents, Daniel and Rebecca Smart, wrote Sunday in a public post on Facebook. “The injuries to her brain were too severe for her little body to recover from. Everyone did everything they could to keep her here.”

The Louisiana Department of Health said last week that the state had experienced its first confirmed Naegleria fowleri infection since 2013. The department, which did not identify Smart, does not comment on individual cases or specific patients, according to spokesperson Stacey Grow.

“Heartbroken over the news of Lillian’s passing,” Louisiana Gov. Jeff Landry wrote on X.

The infection was likely contracted while swimming in Lake Claiborne in north Louisiana, the Louisiana Department of Health said.

The amoeba can lead to a fatal infection known as primary amoebic meningoencephalitis when water carrying the amoeba travels up the nose and into the brain. Between 1937 and 2025, there have only been approximately 180 confirmed infections in the U.S., according to the Health Department, which added that the cases are “nearly always fatal.” The infection cannot spread from person to person.

Naegleria fowleri is found in warm freshwater lakes, rivers, canals and ponds throughout the U.S. The amoeba becomes dangerous in water that stays over 77 degrees Fahrenheit (25 degrees Celsius) and for years has been seen almost exclusively in the summer in the southern part of the country. A few recent cases have appeared in Maryland, Indiana and Minnesota, scientists said.

“The amoeba is naturally occurring, and there is no routine environmental test for Naegleria fowleri in bodies of water,” the Louisiana Department of Health stated.

Last year, a 12-year-old boy in South Carolina also died from an infection caused by the amoeba.

Additional reporting contributed by Nick Lichtenberg.

___

Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

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Lindsay Clancy did not have acute psychosis when she killed her three children but rather took their lives so they wouldn’t “suffer” after she took her own life, a forensic psychologist testified Monday in her murder trial.

Kirk Heilbrun said he ruled out acute psychosis with command hallucinations because he didn’t believe Clancy when she said she heard a voice telling her to “kill the children so you can kill yourself.”

“The way she described this as happening is that she heard a voice that she’d never heard before, experienced a hallucination and she’s never experienced it since. But she only experienced it for the 18 minutes or so that it took to kill the children,” Heilbrun testified. “To put it mildly, that would be a very, very unusual pattern or manifestation of how this kind of thing comes about. Very unusual.”

A key issue at trial is Clancy’s mental health. Defense attorney Kevin Reddington does not dispute that Clancy killed the children in January 2023 but says she shouldn’t be held criminally responsible because she had postpartum psychosis, a rare mental illness linked to the stress, sleep deprivation and hormonal changes that follow childbirth.

___

EDITOR’S NOTE: This story includes discussion of suicide. If you or someone you know needs help, the national suicide and crisis lifeline in the U.S. is available by calling or texting 988.

___

Clancy didn’t want to leave her children behind

After killing her children, Clancy jumped from a second-floor window and remains paralyzed from the waist down. Heilbrun testified that he concluded that Clancy killed her children because she wanted to kill herself but didn’t want to leave them behind.

“One of the things that she said when I asked about what happened, is that in the course of strangling each child, she said, `Go to God, baby. Go to God,’” he said. “That was part of her expectation that she and the children would be together in heaven with God.”

Heilbrun also mentioned Clancy’s Catholic faith, prompting a request for a mistrial from Reddington that Judge William Sullivan denied.

He later instructed the jury to disregard the reference to “the religion that the defendant was raised with,” calling it “an absolutely inappropriate area of testimony.”

Prosecution argues Clancy wasn’t suffering from psychosis

Heilbrun is the latest prosecution witness to say that while Clancy was mentally ill, she still knew that what she was doing was wrong.

On Friday, Dr. Avram Mack, a forensic psychiatrist, testified that he found no evidence of mania or hypomania to support a bipolar diagnosis — or of psychosis — leading up to the killings. He said Clancy was experiencing severe mental illness when she killed her children but that it was a continuation of the depression she had experienced for months in which she was able to control impulses and distinguish right from wrong.

However, Heilbrun said he did determine Clancy has bipolar 2 disorder, while saying it was difficult to diagnose at least in part “because of all the diagnoses in the records and all the symptoms that she experienced.” People with bipolar 2 disorder experience cycles of depression and hypomania, which is less intense than the mania experienced with bipolar 1 disorder.

Earlier in the trial, the jury heard that Clancy had sought treatment for mental health problems from multiple providers and even had admitted herself to a psychiatric hospital.

Prosecutors say the former labor and delivery nurse planned the killings and contrived to get her husband out of the house by sending him to pick up medicine for one of their children and dinner for the family.

Clancy, 36, has pleaded not guilty to murder charges in the deaths of Callan, Dawson and Cora Clancy, who ranged from 8 months to 5 years old. Closing arguments are expected later this week.

Defense argues she had postpartum psychosis

The condition that Clancy’s attorney says she had when she killed the children, postpartum psychosis, is more serious and less common than postpartum depression.

The last witness to testify for the defense before prosecutors began calling rebuttal witnesses was Dr. Phillip Resnick, a forensic psychiatrist and expert in filicide, or the killing of a child by a parent.

Resnick testified Friday that Clancy was “clearly psychotic” on the day she killed her children and was not in control of her actions. “It was almost like she was a puppet and someone else was pulling the strings,” he said.

That echoed another defense witness, psychologist Paul Zeizel, who concluded Clancy “had no appreciation for the wrongfulness of her act.”

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Good morning. Do you consider the end of August the end of summer? When is an appropriate time to start talking about Halloween? I don’t have the answers, but I do have some news below. 

Read the rest…

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Industrial real estate has changed dramatically over the past two decades – but the leasing process behind it hasn’t kept pace. That’s the central theme James Holbrook, founder of Payson Smith Holbrook and executive chairman of Warehub, explored on the latest episode of Inside CRE with host Marc Selvitelli, CAE, CREDA’s president and CEO. 

After more than 20 years in industrial leasing, Holbrook has seen the same friction points show up repeatedly, regardless of market or client. Here are a few of the key insights from their conversation. 

The Building Was Never the Bottleneck 

Companies don’t lease space because they love real estate – they lease it to run their operations. “The warehouse, it’s an operational asset within their much larger business strategy,” Holbrook explained. 

That distinction points to where real inefficiency lives. It’s not the people involved; brokers, landlords, attorneys, inspectors and engineers are all skilled professionals. The problem is the disconnected process surrounding them: emails, spreadsheets, phone calls, inspections and legal reviews that pile up across dozens of organizations on a single transaction. 

Small Disconnects, Big Delays 

Holbrook described how seemingly minor duplications – verifying floor plans, activating utilities, reviewing insurance certificates – compound into weeks or months of delay. Multiply that across millions of square feet nationally, and the inefficiency becomes staggering. 

A specific project in Seattle crystallized the issue for him. A tight timeline, a qualified tenant and an available property should have made for a fast closing. Instead, structural process issues – not the deal itself – stretched negotiations for weeks. “Nobody was doing anything wrong,” Holbrook said. “The process just wasn’t built for the speed required of the occupier.” 

An Operating System, Not Just a Marketplace 

That realization led Holbrook to found Warehub, which he distinguishes from a traditional brokerage or listing platform. He described it as “an operating system [that] really coordinates everything that happens throughout the entire life cycle of the transaction.”  

Rather than ending at lease execution, Warehub connects verified property data, inspections, documentation and activation into one continuous environment – spanning the full term of the lease, not just the signing. 

Short-term Leasing as Strategy, Not Settlement 

The conversation also tackled the growing demand for short-term industrial space. Historically, landlords treated vacancy as a cost and short-term deals as a stopgap. Holbrook argued that mindset is shifting: flexibility is becoming its own revenue strategy, giving owners a new lever to optimize their portfolios as demand patterns shift. 

The efficiency gains he cited are hard to ignore. A portfolio of 30 to 50 short-term leases that traditionally take 12 weeks to close can be completed on the Warehub platform in a single day. 

Technology That Strengthens Brokers, Not Replaces Them 

A recurring thread throughout the episode: Warehub was built to support brokers, not sideline them. “It was designed by brokers for brokers,” Holbrook said, “to make their jobs more efficient and to yield increased revenue for their landlords and operationalize faster for their tenants.” By eliminating the administrative drag of short-term leasing, brokers can spend more time on strategy and long-term client relationships – the work that requires their expertise most. 

Early adoption numbers back up his optimism about the platform’s reception: since introducing the first tenant requirements, Warehub has seen a 96.3% adoption rate. 

Asked to project the industry’s future, Holbrook painted a picture of brokers with more time for strategic advising, landlords benefiting from lower national vacancy through better network optimization, and tenants operating more like sophisticated supply chain managers with access to real-time data. “I think that everybody will operate at peak performance,” he said. 

Listen to the full conversation with James Holbrook on the Inside CRE podcast. 

This post was created with the assistance of AI tools; all content was reviewed by the author.  

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Hundreds of commercial flights will be told to change their paths over the northeastern Atlantic Ocean during the next two winters to show how minor altitude adjustments can reduce aviation’s climate impact.

The British government is backing the landmark airspace-scale trial, launched Tuesday, to avoid creating condensation trails, or contrails. Google UK is contributing its artificial intelligence-powered forecasts to identify the contrail regions.

When airplanes fly through cold and humid areas, ice crystals can form around the soot particles emitted from the engine, creating clouds that trap heat and warm the planet. The Shanwick Oceanic Control Area in the eastern half of the North Atlantic corridor, the location of the trial, is a busy gateway for air traffic between Europe and North America. It’s also a hot spot for where contrails form.

The 30-month research program known as Operation Blue Skies includes test periods this winter and next, when air traffic controllers will tell some flights to deviate up to 2,000 feet (610 meters) to avoid areas where contrails are likely to form. These will be minor altitude adjustments within standard flight operations, coordinated through established air traffic control communication channels, according to the British government.

There will be about 20 to 40 test days per winter, when there is less air traffic. Around 10,000 flights are expected to pass through the Shanwick airspace during the testing. Hundreds of those flights would deviate their routes. That 1 % to 5% would be enough to demonstrate a statistically significant reduction in contrail formation on an airspace-scale, said Paul Hodgson, Google’s technical lead for Operation Blue Skies.

Individual airlines have tested shifting altitudes to avoid contrail regions. Earlier this year, Google and American Airlines announced that the airline significantly reduced the climate impact of some flights using Google’s AI-based forecasting tool to help prevent contrails.

This new effort expands on individual airline trials to try mitigating contrails across an entire flight corridor.

The thin, white lines that form behind airplanes are responsible for a surprising amount of Earth’s warming — 1% to 2%, according to Contrails.org, a nonprofit research organization dedicated to reducing aviation’s climate impact through contrail management, as part of the Breakthrough Energy group founded by Bill Gates. Modeling shows that the Shanwick airspace accounts for about 5% of the total contributed by contrails, with a significant amount occurring during winter.

Keir Mather, the UK minister responsible for aviation, said the government is partnering with Google to back British experts and innovators to find practical ways to make flying cleaner. The government is paying for more than half of the 5 million pound ($6.76 million) study.

Google called contrails one of the most urgent yet solvable climate challenges facing aviation today.

Hodgson said testing over an airspace, versus individual airline trials, can show how it’s possible to move multiple planes away simultaneously from an area where contrails will form, and can show if contrails can be reduced overall for a region. This could provide a blueprint for similar airspaces, he added.

Along with Google and the UK Department for Transport, the consortium includes the Met Office, the UK’s leading air navigation service provider NATS, Contrails.org, Imperial College London and the University of Cambridge.

An Imperial College London study in 2020 found that small changes to flight paths could reduce the climate impact of contrails. Professor Marc Stettler said Operation Blue Skies is a chance to test that idea in the real world, on a scale never seen before.

___

The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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Walmart is making a new play for younger, style-conscious shoppers with a women’s fashion brand offering most items for less than $25.

The retail giant is rolling out Scenario, a modern bohemian collection featuring apparel, shoes, jewelry, handbags and other accessories, at all of its stores.

The launch includes 280 styles, according to Walmart.

“We’ve been on a journey to democratize fashion by focusing on expanding our assortment, elevating the experience in-store and online, reaching new customers and changing [the] perception [of] Walmart fashion,” a spokesperson for the retailer told FOX Business in an email.

The news was first reported by The Wall Street Journal.

WALMART SAYS IT WILL USE BILLIONS IN TARIFF REFUNDS TO KEEP PRICES LOW

Scenario is designed to appeal to women around age 35 who want trendier details than Walmart’s existing brands traditionally offer, according to The Wall Street Journal.

The line includes embroidered blouses, pintuck denim shirts and faux leather bags, with a focus on natural fabrics such as cotton, the outlet reported.

Walmart said it developed the brand after research found nearly one in five women ranked bohemian fashion among their preferred styles, even though none of its existing private labels were perceived as directly catering to that look.

WALMART E-COMMERCE SALES SURGE AS CEO TOUTS ‘PRICE, SPEED AND CONVENIENCE’

Scenario will take over some space previously devoted to Time and Tru, Walmart’s women’s brand focused on classic wardrobe staples, according to the Journal.

The retailer tested elements of the bohemian aesthetic within its Time and Tru assortment before deciding to build a dedicated lifestyle brand, the company said.

The existing brand will continue with a smaller selection focused on its most popular items, the outlet reported.

“This is an ‘and’ strategy,” Denise Incandela, executive vice president of fashion for Walmart U.S., told the Journal. “We’re still going to cover those big-volume driving socks and underwear and denim and Ts.”

POPULAR WALMART NUT BUTTER RECALLED AFTER TESTING DETECTS SALMONELLA

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Walmart said it has launched or relaunched 15 private brands over the past five years as it works to modernize its fashion business. 

The retailer said it has also expanded its selection of premium brands through its online marketplace.

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The U.S. national debt has hit $40 trillion, and the Trump administration is facing questions about its budget plans as a result. The good news is, there has one: The American economy will apparently grow its way out of any fiscal crisis.

“It’s been a problem for 35 years,” Trump told reporters Friday. “And what we have now … is we have tremendous growth. And the way you take care of debt is with growth, and we have tremendous growth. We’ve never had growth like we have right now.”

“There’s nothing magic about the $40 trillion number,” Treasury Secretary Scott Bessent said on CNBC last week, “And we can grow our way out of that.”

Economists would be inclined to agree with Bessent: The value of the debt, while an extraordinary milestone, doesn’t hold much relative weight. What economists (and more importantly, the bond market) is watching is the debt-to-GDP ratio: This demonstrates the level of borrowing by a country against its economic capacity to repay and service it.

Currently, the U.S. ratio stands at 122%. To bring it back into a lower balance, an economy could cut its borrowing or—as Bessent suggests—increase its growth.

When the alternative is cutting borrowing and, as a result, government spending, the growth plan is a more optimistic and politically palatable route.

It’s also the latest in a series of solutions proposed by the White House: Originally, President Trump had suggested that tariffs would pay down the national debt (the plan was quickly nixed by a Supreme Court ruling ordering the administration to repay approximately $100 billion in revenues that the justices deemed illegal).

Trump later suggested a “golden visa” strategy—selling rich immigrants visas at $5 million each—could pay down the national debt. The policies were novel, but economists broadly welcomed action by the Trump Administration on the fiscal picture.

But now there a bond market reckoning looming. The risk premium demanded by investors for holding the 30-year Treasury rose to over 5.3% in recent days, prompting U.S. Treasury Secretary Scott Bessent to deploy $4 billion or more in unscheduled buybacks. If the U.S. can’t pay its debt, the worst-case scenario is a default crisis.

So, can the U.S. grow its way out of debt? It’s a “fantastic story,” says Kent Smetters, Boettner Professor of economics and public policy at the Wharton School at the University of Pennsylvania.

Unfortunately, Professor Smetters—the faculty director of a fiscal analysis tool called the Penn Wharton Budget Model—says the plan is also “pretty clearly” not feasible. He explained in an interview with Fortune: “People often get the causality kind of opposite.  They think more growth, less of a debt problem, and in reality, it’s just the opposite … We deal with the debt issue in order to try to aid economic growth, not vice versa.”

In a perfect policy world, borrowed funds would be deployed to expand the macroeconomy—infrastructure around the AI boom could be one example; skills and training another. In reality, huge drawdowns on the budget come in the form of Social Security, Medicare and Medicaid, which present unique cost problems.

He explained: “A lot of people don’t realize this … the initial calculation of benefits actually includes productivity growth on top of inflation. So what happens is that hypothetically, even if we double the impact of, say, AI on productivity, it barely moves the balance because the initial benefits go up.”

The unique makeup of the labor market in healthcare also presents a snag: “If you want doctors to take Medicaid, Medicare patients … and you’re not increasing spending with the fact that the rest of the economy suddenly is growing really large, doctors could get good payments from servicing non-Medicare and Medicaid payments because wages are going up very well.”

Smetters suggests the government would ultimately spend more to retain healthcare professionals in roles that benefit public services.

Despite the flaws in the growth plan, policymakers will be aware they need some response on debt questions in the run-up to midterms.

Indeed, new research from the nonpartisan budget think tank the Peterson Foundation, conducted by the Democratic firm Global Strategy Group and the Republican firm North Star Opinion Research, found that only 10% of voters said the debt issue will not impact their ballot decision later this year.

“With the midterm elections approaching, voters are making it clear that they want candidates with a decisive plan to address our unsustainable budget and debt,” Michael Peterson, CEO of the Peterson Foundation, said in a statement.

Part of the plan

It’s worth noting that while Bessent has mentioned growth as a tool against a debt reckoning, he hasn’t said it’s the only route the administration is looking at.

Some debt-hawk camps are lobbying to cut federal deficits to 3% of GDP—about half their current levels—while others want to form a committee (similar to President Obama’s Bowles-Simpson Commission) to examine budget options. These options haven’t been ruled out by the current administration.

Confidence in U.S. economic expansion stems primarily from the artificial intelligence boom, whose capital expenditures have already become the chief driver of growth. But—as Tesla CEO Elon Musk pointed out in an X post last week—the timing of efficiencies coming to fruition, and a debt reckoning, will be close.

“We are going through a big investment boom right now, it’s transitory, it probably lasts three to five-ish years,” Smetters said. “You could still get lots of enhancements throughout the rest of the economy, but nothing that comes close, even remotely close to, dealing with the debt issue.”

With the debt compiled across both Republican and Democratic administrations, the ultimate outcome of the budget question will come down to the credibility of U.S. policymakers on both sides of the divide.

“Credibility is really important,” Smetters said. “They discount a lot—but if you tell the debt markets: ‘Hey, we think we’re gonna be able to grow our way out of this,’ and then a year later they’re not seeing any improvements from that, then it’s a credibility issue.”

He added: “There’s lots of clickbait trying to create panic, and panic creates panic. It’s a bank run issue, and we don’t want that. What we do want, though, is a serious discussion about forward-lookingness; we actually do have time to have rational discussions about this.”

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Private equity’s got a zombie problem.

No, not the rancid, brain-devouring living dead of horror movies—we’re talking about zombie portfolio companies, which have been proliferating across the $3.8 trillion private equity industry. Consider these numbers: Among the 13,509 companies backed by U.S. PE firms, about 33.8% have been held for five years or more, according to new PitchBook data. This means there are north of 4,500 PE-backed companies in some zombie stage right now, which shakes out to a wild number: There’s about $860 billion in zombified net asset value in U.S. PE, among funds that are more than seven years old, PitchBook estimates. 

There are many kinds of zombies. By age, for one: At five years, the zombie company is already feverish, and at ten years, it’s a full-fledged hungry zombie. There are also distressed zombies, and those that are just surviving, but the general definition of a zombie is clear, Kyle Walters, PitchBook’s private equity analyst, told Fortune.

“You have a large number of companies that theoretically should’ve been exited by now,” said Walters. “Capital should have been returned to investors, but instead you have more companies in that seven to ten year-age bucket than we’re traditionally used to, with seemingly no way of realizing a successful exit. And so, we’re stuck with these zombies.”

The zombie problem dates back to the ZIRP (zero-interest-rate-policy) era, when debt was mega-cheap, capital was flowing, and the private markets got themselves into some exuberant trouble. In PE, especially, cheap debt fueled a buyout boom.

“Post-COVID in 2023, when you get rates going to their highest in 40 years, you’re no longer able to rely on that financial engineering,” said Walters. “So, when that comes, not only have you bought these companies at the 2020-2021 peak, when valuations were at their highest and capital was next to nothing, you have to create operational improvements when it’s hardest to do so. Pair that with companies that were bought at 12x, and are maybe worth 10x, and you’ve dug yourself a bit of a hole, and there’s no real way to get out.”

Walters says that while this is hindering growth in private equity—pretty tough to raise a new fund when your current portfolio looks like The Walking Dead—we haven’t hit the place where this is a systemic failure. I asked: How will we know if it does reach a structural crisis?

“I think you really need to kind of have multiple layers,” said Walters. “Once you have this existing layer of zombies, on top of that, you need to have some other factor of risk…. I think that’s when you’ll start to see breaking points. You need larger triggers to really see action forced with the private markets. GPs have the advantage of timing to a large degree, unless their hand is forced, which historically isn’t the case with private markets.”

Indeed, the private markets (and especially PE) are quite adept at kicking the can down the road, so this all may never reach an apocalyptic fever pitch. Still, I asked Gemini: What’s the natural endpoint of any zombie crisis? 

The answer, edited for space, goes something like this: “The natural endpoint of a zombie crisis is total biological collapse. Without a living host metabolism to repair tissue, maintain cellular function, or evade environmental elements, the infected population inevitably succumbs to complete physical decomposition, weather mummification, or consumption by scavengers within weeks or months. Most users on Reddit agree that biological decay acts as the ultimate limiting factor for any reanimated or infected horde.”

I read this aloud to Walters, who takes the somewhat optimistic approach that the natural cycle will lead to long-awaited exits: 

“Private equity is very good at timing the market,” he said. “It’s going to take time, but I think you’ll see what we see in life generally: The strong come in and take advantage of the weak. Some of these platform companies will come in, and say: ‘hey, we know this is a zombie company, but it’d be a great addition to our platform.’ And the zombie achieves the final exit, even if it took longer than originally thought.”

I was more morbid, figuring: The same way biological decay limits any zombie horde, it will also limit the private equity zombie horde, and many of these companies will just… die, go bankrupt, wind down. Walters reckons it will be some combination of both our interpretations.

“These companies can’t sit in the portfolio forever,” he said. “They have to decay in one way or another. There is always an outcome—one is better than the other—but it’s inevitable.”

See you tomorrow,

Allie Garfinkle
X:
@agarfinks
Email: alexandra.garfinkle@fortune.com

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In ancient legend, 300 Spartan warriors held the narrow pass at Thermopylae against a vast, overwhelming force, relying on a critical bottleneck to offset impossible odds. Today, America’s energy security is facing its own fateful “300” moment, fought thousands of feet beneath the Gulf Coast.

As crude inventories in the Strategic Petroleum Reserve drain toward their operational limits, America is left, armed with just 300 million barrels. This dwindling buffer forces the nation into a high-stakes standoff against the uncompromising laws of fluid dynamics, immense geological forces, strict federal statutes, and relentless geopolitical pressure.

Inside the Mountain of Salt

The SPR is a subsurface engineering marvel. Spanning 60 massive underground salt caverns across four storage sites in Texas and Louisiana, the system holds a combined authorized capacity of 714 million barrels. These solution-mined cavities are gigantic, often 300 feet wide and 2,000 feet tall, large enough to stack the Empire State Building inside.

Because these caverns operate entirely on a liquid displacement system, they can never be left empty. If the fluids were removed without replacement, the immense geological weight of the overlying earth would cause the salt domes to collapse inward like a crushed shield. Consequently, the total volume of fluid inside the reserve must be permanently maintained at 714 million barrels. However, the actual crude oil inventory tells a sobering story. The crude oil volume currently stands at approximately 293 million barrels. The remainder is entirely heavy salt brine used to push the oil out. Operating below this 300-million-barrel threshold pushes the aging infrastructure into uncharted and hazardous territory.

The Danger Zone: Physical Floors vs. Legal Reality

According to the Department of Energy, the absolute physical minimum crude oil inventory is approximately 70 million barrels. This cushion is required at the very top of the caverns to keep the extraction pipes safely submerged in oil rather than the underlying water. But while 70 million barrels is the structural floor where the salt rock might physically hold together, the practical operational floor is much higher, around 250 million barrels.

Operating anywhere near the bottom effectively disables the reserve due to a hard legal stop and the loss of emergency flow rates. Under the Energy Policy and Conservation Act, federal law places a strict statutory stop at 252.4 million barrels. Dropping below this number prohibits the President from ordering routine, limited drawdowns. Crossing this limit transforms the reserve from a flexible economic buffer into a restricted emergency asset requiring a severe national security declaration.

The Subsurface Hazards

The core mission of the reserve is to support the market quickly during a crisis. As the crude layer drops below 300 million barrels, the SPR physically loses its ability to pump oil at rapid emergency speeds of around 4 million barrels per day. Attempting to do so triggers severe geomechanical and thermodynamic threats:

  • Upconing and the Rag Layer: The extraction relies on a pipe-within-a-pipe design. Heavy water injected to the cavern floor pushes floating crude up to a ceiling intake. Over time, an emulsion of oil, water, and impurities, referred as “rag layer”, forms at the boundary. As oil depletes, this sludge rises. Pumping at high speeds creates a suction vortex (upconing) that violently draws heavy sludge into the production stream, fouling piping and destroying surface pumps.
  • Uncontrolled Salt Dissolution: During rapid drawdowns, operators exhaust their fully saturated brine supply and are forced to pump raw fresh water into the cavern to maintain pressure. Fresh water aggressively dissolves the halite walls. This uncontrolled melting widens the cavern and dangerously thins the structural salt pillars separating adjacent domes.
  • Thermal Shock and Roof Falls: Deep inside these domes, natural geothermal temperatures sit between 120 and 150 degrees Fahrenheit. Rapidly injecting millions of barrels of cooler surface water causes extreme thermal cycling. The salt rock rapidly shrinks and cracks. Massive, multi-ton blocks of salt can break away from the ceiling and plummet through the cavern, shearing off the vital steel extraction pipes hanging inside.
  • Accelerated Salt Creep: Under the immense weight of the earth, rock salt behaves like a slow-moving plastic. If internal fluid pressure drops during aggressive extraction, the surrounding earth squeezes the cavern inward, permanently shrinking total storage capacity and crushing steel well casings.

The Ticking Clock

This infrastructure was built in the 1970s and 1980s with an initial 25-year design life, engineered to safely handle only five complete fill and drawdown cycles. Over the last forty years, it has been forced to execute dozens. With an inventory of roughly 293 million barrels, only about 41 million barrels remain before hitting the 252 million-barrel statutory limit. While the reserve was originally engineered with a maximum drawdown capacity of 4.4 million barrels per day, high-speed pumping is now a direct trigger for cavern collapse and equipment ruin. During rapid drawdowns, operators exhaust their limited surface ponds of fully saturated brine and are forced to pump raw, fresh surface water into the caverns to maintain pressure. This fresh water aggressively dissolves the salt walls, widening the cavern and dangerously thinning the structural pillars between adjacent domes.

Operators must severely choke back extraction speeds. A safe, conservative rate is now between 500,000 and 750,000 barrels per day. At 500,000 barrels per day, the reserve can operate for roughly 93 days before hitting the legal floor. At 750,000 barrels per day, it hits the wall in 62 days. Pushed to 1 million barrels per day, it crosses the line in just 46 days.

The Way Forward

Several measures can be taken to safely continue operations down toward the 252.4 million barrel statutory limit. To extract the remaining crude without destroying the infrastructure, operators must enforce strict engineering controls:

  • Injecting water already saturated with salt prevents the fluid from melting the halite rock on cavern walls and thinning the structural salt pillars.
  • Spreading the drawdown across multiple stable caverns at all four storage sites minimizes sudden pressure drops and fluid turbulence.
  • Slowing down pumping velocities prevents dangerous suction vortices from forming near the ceiling intake.
  • Deep underground salt behaves like a slow-moving plastic under the weight of the earth (salt creep). Fluids must remain highly pressurized to prevent the surrounding rock from squeezing the cavern shut.
  • Regularly lowering sonar tools and mechanical sensors allows operators to map shifting cavern walls, track structural shrinkage, and inspect steel casings and cement seals for fractures.

The 252.4-Million-Barrel Wall

The Energy Policy and Conservation Act enforces a strict statutory floor of 252.4 million barrels, a limit that fundamentally dictates how the President can use the reserve. Under current law, the President has the flexibility to order a limited drawdown, releasing up to 30 million barrels over a 60-day period, to mitigate sudden supply shocks without declaring a full-scale national emergency. However, this flexibility is completely revoked if the reserve falls below the 252.4-million-barrel mark. Once the inventory crosses that hard threshold, the law explicitly prohibits these routine limited drawdowns. Below that line, oil can only be legally released if the President formally declares a severe domestic or international energy supply emergency. Crossing this statutory limit instantly transforms the reserve from an economic buffer into a highly restricted, last-resort asset.

The Strategic Petroleum Reserve is rapidly losing its physical ability to act as an immediate economic buffer. We are no longer limited merely by how much oil is left in the ground, but by the physical and engineering limits of how fast the earth will let us take it out.

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Texas A&M University.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune, or of Texas A&M University.

This story was originally featured on Fortune.com

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Lego sales jumped 21% in the first half of 2026 as soccer World Cup and Formula 1 sets attracted new customers, the Danish toy brand said on Tuesday.

Lego has gained market share as its growth outpaces rivals like Mattel and Hasbro, helped by tie-ups with film and entertainment franchises and by producing more sets for adults as well as children.

Lego’s revenue was 41.9 billion Danish crowns ($6.54 billion), up from 34.6 billion in the first half of 2025. Operating profit rose 22% to 10.9 billion Danish crowns, while net profit rose 32% to 8.6 billion Danish crowns.

The company also reported free cash flow of 2.1 billion Danish crowns, up from 1.7 billion in the same period in 2025, as it increased “investments in long-term growth, including factory capacity and the acquisition of LEGO and LEGOLAND® Discovery Centres.”

Lego also made “significant continued investments in sustainable materials and solar capacity expansion,” it added, as well as “continued its multi-year transition to paper-based bags, aiming to convert the remaining packaging lines across all factories by 2027.”

An aerial view shows the photovoltaic (PV) solar panels in the village of Hjolderup, Denmark, on May 8, 2023; illustrative. (credit: SERGEI GAPON/AFP VIA GETTY IMAGES)

It is also planning to construct a large solar park featuring “160,000 panels able to produce 99 GWh per year,” near its Billund, Denmark headquarters, which will be operational in 2027, according to Lego’s website.

“The product portfolio is really, really strong and it hits new passion points in this first half,” Lego CEO Niels Christiansen told Reuters in an interview.

Lego CEO notes increased child customer base

“We also see more kids in the brand, which is really exciting for us that we managed to grow both the number of kids and consumers active, and also the total amount that they’re buying,” Christiansen said.

“We are very pleased with our strong start to 2026 and the excitement we see for the LEGO brand. Our product portfolio offers something for everyone, and culturally relevant brand experiences continue to drive demand across the globe. Our success in the market means we can maintain high investment levels in growth and sustainability for both the short and long term,” Christiansen said in a public statement released by LEGO.

“It’s been a real highlight to see the passion and commitment of our 34,000 colleagues in our organization who work to inspire kids and fans everywhere,” he added.

Lego launched more than 330 new sets in the first half, including a $199.99 replica of the official FIFA World Cup trophy, Pokemon sets using its new interactive bricks, and K-Pop Demon Hunters sets that Christiansen said were particularly popular with girls.

The surge in oil prices caused by the Iran war has driven up the cost of plastics Lego uses to make its bricks, and Christiansen said the company might see an impact in the second half, but so far it has not been significant.

Increased oil prices due to Iran war trigger higher costs due to higher plastic prices

“We are impacted by higher oil prices, but because we purchase so much non-fossil-fuel-based material that is less correlated to the oil price, we’ve actually been able to manage relatively well,” said Christiansen. Lego is in the process of shifting towards renewable and recyclable materials to make its bricks.

Global oil prices rose during the Israeli-US strikes on Iran and the subsequent blockade of the Strait of Hormuz during operations Roaring Lion and Epic Fury.

As it aims to produce closer to its main markets, Lego is building a factory and distribution center in the US state of Virginia, aiming to open by the middle of 2027.

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Yisrael Beytenu, founded in 1999, is one of many parties vying for citizens’ votes in the election for the 26th Knesset, to be held on October 27.

Led by founder and seasoned political operator Avigdor Liberman, Yisrael Beytenu sits on the right of the political aisle on security and national issues but leans secular-liberal on matters of religion and state.

Originally founded as a Likud splinter party to represent olim from the former Soviet Union, particularly Russian-speaking Israelis, Yisrael Beytenu has increasingly sought to broaden its appeal beyond its traditional immigrant base.

Liberman has increasingly presented Yisrael Beytenu as a potential bridge between right-leaning voters dissatisfied with both Prime Minister Benjamin Netanyahu and the broader opposition, positioning the party as a key component of the opposition’s “state-oriented Zionist” bloc ahead of the 2026 election.

In the 25th Knesset, Yisrael Beytenu held six seats and is currently polling at eight to 10 seats.

Prime Minister Benjamin Netanyahu and leader of Yisrael Beytenu Avigdor Liberman sign an agreement in the Knesset, May 25, 2016 (credit: YONATAN SINDEL/FLASH90)

Liberman’s transformation from Netanyahu’s protégé to political rival

Born in Moldova, Liberman made aliyah in 1978 and began his political career as a parliamentary adviser to Netanyahu. He rose through Likud’s ranks to become the party’s director-general before serving as director-general of the Prime Minister’s Office during Netanyahu’s first term as prime minister in 1996.

Liberman went on to serve in key security and diplomatic positions in previous governments, including as defense, foreign, and most recently as finance minister in the government led by former prime minister Naftali Bennett.

In 2018, he resigned as defense minister from Netanyahu’s government in protest over a ceasefire agreement with Hamas following a round of heavy rocket fire from the terrorist group toward Israel. Liberman has since maintained that Israel must take a tougher stance toward Iran and its proxies.

His resignation helped trigger new elections and deepened his growing rift with Netanyahu, eventually leading Yisrael Beytenu to rule out joining any government led by him and contributing to the political crisis that saw Israel hold five elections in just three years.

Since October 7, Liberman has called for Israel to move from “cycles without resolution” to “decisive outcomes,” with the “top priority” being the defeat of “Iran, Hezbollah, and Hamas.” Yisrael Beytenu has also supported legislation calling for the death penalty for terrorists.

Liberman has advocated for separating religion and state, which he called Israel’s “most important issue” before the Israel-Hamas War. Yisrael Beytenu has repeatedly sponsored or supported legislation on civil marriage, public transportation on Shabbat, expanded conversion options, increased haredi enlistment, and removing restrictions on businesses operating on Shabbat.

At the same time, Yisrael Beytenu remains firmly on the right on territorial and settlement issues. The party has supported expanding construction in the West Bank, while Liberman worked to advance settlement housing as defense minister. Yisrael Beytenu initiated legislation in 2025 to apply Israeli sovereignty to Ma’aleh Adumim and had previously introduced legislation on applying sovereignty to the Jordan Valley.

Liberman sees himself as the ‘pragmatic Right’ – and the next prime minister

Liberman has often described Yisrael Beytenu as representing the “pragmatic Right,” combining “diplomatic flexibility and tough on security.” He has stressed the need for what he calls the “serving bloc” – the state-oriented Zionist bloc – to replace Netanyahu’s coalition, which he labels the “evaders bloc.”

According to Liberman, Yisrael Beytenu’s primary goals in the next Knesset are to replace the Netanyahu government, achieve decisive military outcomes against Iran, Hamas, and Hezbollah, impose universal conscription, combat organized crime, and resolve Israel’s constitutional crisis.

He has summarized his political ambitions as “replacing the October 7 government and becoming prime minister.”

Liberman has repeatedly ruled out sitting in a government led by Netanyahu, saying he would not serve under him as prime minister “even if the world turns upside down.” He has, however, said he would not rule out joining a Likud-led government if Netanyahu were no longer its leader and the party agreed to Yisrael Beytenu’s principles.

He has also ruled out joining a coalition with the haredi parties Shas and United Torah Judaism, citing his support for universal conscription, core curriculum studies, public transportation on Shabbat, and other secular reforms. Liberman has likewise rejected the possibility of joining a coalition with Arab parties, saying such a move would be anti-Zionist. 

Yisrael Beytenu leader and MK  Avigdor Liberman seen with fellow party members before holding a press conference in Tel Aviv, May 6, 2026. (credit: MIRIAM ALSTER/FLASH90)

What a vote for this party is likely to produce

Yisrael Beytenu is part of the opposition bloc, but a vote for the party is not necessarily a vote for every coalition that could emerge from that bloc.

Its projected strength gives Liberman significant potential leverage in coalition negotiations, while his red lines restrict the coalitions he could join, ruling out a Netanyahu-led government, coalitions reliant on Arab parties, and coalitions including the haredi parties.

Yisrael Beytenu has called for a government centered on Zionist parties, universal military service, a secular approach to religion and state, a hawkish security policy, and opposition to Netanyahu’s continued premiership.

If the opposition bloc reaches 61 seats without the Arab parties, Liberman could be an important coalition partner. If it falls short, however, his refusal to sit with Arab parties sharply constrains the coalition math and could make it difficult for the opposition to form a government without outside support. 

That said, Yisrael Beytenu was part of the Bennett-Lapid government which relied on the support of Ra’am, led by Mansour Abbas, to maintain its parliamentary majority.

At the same time, Liberman has left open the possibility of cooperating with Likud if Netanyahu is no longer its leader. But his opposition to sitting with the haredi parties would still complicate any attempt to recreate the current coalition under a different Likud leader.

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Hamas and groups affiliated with the group must end extrajudicial executions of suspected collaborators with Israel, Amnesty International demanded on Friday, accusing the organization of unlawful killings, arbitrary arrests, and reprisals against Palestinian families.

The organization, which has frequently criticized Israel’s actions in Gaza, Lebanon, and the West Bank, demanded that Hamas end impunity for extrajudicial killings and reprisal attacks against Palestinian families.

“The Hamas authorities must immediately halt all unlawful killings, acts of vigilantism, and arbitrary arrests. Restoring law and order must never serve as a cover to commit grave human rights violations, carry out reprisals, or to collectively punish entire families,” Erika Guevara-Rosas, Amnesty International’s Senior Director for Research, Advocacy, Policy, and Campaigns, said, while also taking the opportunity to condemn “Israel’s ongoing genocide against Palestinians.”

In July, the Al-Qassam Brigades publicly confirmed the execution of one man for allegedly collaborating with Israel and their intention to kill another “informant” within days. The first man had allegedly informed Israel on the location of high-ranking Hamas commanders, including the “Ghost of Al-Qassam” Izz ad-Din al-Haddad.

Neither man received a fair trial, Amnesty said, noting that the group had said only that “revolutionary procedures” and internal investigations were carried out before the murder.

Palestinians inspect the site of an Israeli strike on a house that was pre-warned by the Israeli military to evacuate before the strike was carried out late on Wednesday, in Al-Nuseirat refugee camp, in the central Gaza Strip, July 16, 2026. (credit: REUTERS/Mahmoud Issa)

The execution was announced by the “Resistance Security” and, after his execution, the man’s full name and details were circulated on social media by accounts affiliated with Hamas. This action, Amnesty said, put the deceased’s family at risk.

Between August 2024 and early 2026, Hamas-affiliated forces were responsible for at least 60 of the 249 cases of extrajudicial killings, according to a UN report published in June. Amnesty reported that some of these executions were carried out in public, filmed and announced on social media pages affiliated with Hamas.

Hamas alleged that the group opened preliminary internal investigations into the killings, though Amnesty confirmed that it received no evidence to suggest those responsible were held accountable.

“Those responsible for ordering and carrying out extrajudicial executions as well as arbitrary arrests, torture, and other ill-treatment must be held accountable. Despite its announcement of the dissolution of the governing committee that administers Gaza, Hamas remains fully responsible for preventing serious violations by its agencies and individuals under its control, including Al-Qassam Brigades and the ‘Resistance Security System,’” Guevara-Rosas said. “The new leadership of the political bureau of Hamas must break with the long-standing impunity for abuses committed by its forces and its affiliates and take urgent, concrete steps to ensure truth and justice for victims and their families.”

Hamas kills ten members of family accused of Israel collaboration

Amnesty documented nine extrajudicial executions and one unlawful killing, all taking place after the ceasefire-hostage deal in October 2025. Those killed were members of the Dughmush family, from the Al-Sabra neighborhood of Gaza City, and were accused by Hamas of collaborating with Israel.

Hamas-affiliated forces tried to remove members of the Dughmush family from a field hospital near Al-Sabra, Gaza City, and had initially accused them of looting the hospital and using it to store weapons and explosives. A week-long standoff saw at least four members of the family killed, in addition to one Hamas member, and Hamas, along with its affiliates, looted, burned, and vandalized homes in the area.

A terrorist from the Izz el-Deen al-Qassam Brigades, the armed wing of the Hamas movement, gestures inside an underground tunnel in Gaza August 18, 2014 (credit: REUTERS/MOHAMMED SALEM/FILE PHOTO)

Amnesty confirmed it had received footage of two homes in the neighborhood that showed the aftermath of the damage and looting.

Additionally, on 13 October, 2025, eight unarmed, shackled members of the Dughmush family, some only partially dressed, were extrajudicially executed in public on allegations of collaborating with Israel. The executions were recorded and circulated online by Hamas-affiliated media. Amnesty noticed that the footage suggested the men had been injured prior to their execution in a major street in Gaza City, matching reports offered by families that the bodies showed signs of torture when examined for the funeral.

“The eight men had turned themselves in after being promised a fair trial, only to be publicly executed two hours later,” a relative of one of the victims told Amnesty.

Two additional sources also told the NGO that the men had gone willingly with Hamas when they were first detained under the promise that they would not be harmed.

“Both my husband and son were executed. My son was tortured before his execution, and his nails were broken… My husband was a kind, honorable man who always resisted the Israeli occupation… I want everybody to know that our family are not collaborators and those who ordered their killing should be brought before justice,” a wife of one of the victims said.

Speaking with 11 family members of people killed, two health workers, and having analyzed statements and social media posts published by Hamas and affiliated groups, Amnesty established that Hamas has operated a parallel force. This force has acted outside any legal norms, carried out and filmed summary punishments against Palestinians, interrogated dissidents and criminal suspects, raided civilian homes and threatened family members of their opponents.

Hamas’ Mousa Abi Marzouk claims group investigating public executions

The head of Hamas International and Legal Relations Department, Dr. Mousa Abu Marzouk, told Amnesty that the group had opened an internal preliminary investigation into the Dughmush family incident, asserting that the security forces had acted as an “immediate reaction without referring to higher authorities.”

Hamas has previously justified what it has called “exceptional measures” by invoking the “principle of state of necessity,” blaming Israel for the destruction of judicial and security institutions and asserting the absolute need to address chaos and “criminal gangs.”

“Unlawful killings can never be justified. The rights to life, freedom from torture, and a fair trial and due process must be respected at all times, including in emergency situations or even where the judicial system has collapsed as a result of active military hostilities. Anyone suspected of a criminal offense, including treason or collaboration, must be afforded full respect for human rights, including the rights to life, security of person, and to a fair trial, without resort to the death penalty,” said Erika Guevara-Rosas.

Hisham al-Saftawi, a 57-year-old man, was also killed in October by individuals who identified themselves as members of the Al-Qassam Brigades. His wife said that 30 masked men stormed their home in the Al-Bureij Refugee camp and shot Saftawi in the back for refusing to comply with an arrest order.

His wife claimed she heard a man, who appeared to be the group’s commander, question the shooter, “Who ordered you to shoot?”

Saftawi’s brother told Amnesty that his family had no faith Hamas would properly investigate the incident. “You cannot trust the executioner to investigate itself. We call for an independent investigation and for those who shot my brother and those who ordered his arrest to be held accountable,” he said.

Hamas told Amnesty that there was an official investigation into the killing of Saftawi, but that it found the gunman had “accidentally shot ” Saftawi when Saftawi was attempting to flee.

“There must be independent and impartial investigations into all the killings that took place in the context of the armed confrontation between Hamas and the Dughmush family, including killings that appear to have been committed outside any exchange of fire, as well as the public execution of the eight Dughmush family members. The family of Hisham al-Saftawi must also see justice for the unlawful killing of their relative,” said Erika Guevara-Rosas. 

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The Jerusalem Municipality began renovation work on a new educational and community complex at an UNRWA facility in Kafr Akab on Tuesday, according to the Foreign Ministry.

More than NIS 40 million is being invested in the initial stage of the project, including a municipal boys’ high school scheduled to open next week with the start of the school year. The longer-term plan includes additional schools, a mosque, and sports, community, and healthcare facilities intended to serve thousands of Arab residents of the neighborhood.

The site is the Kalandia Training Centre, a vocational education facility operated by UNRWA for more than 70 years.

UNRWA says the center provides vocational training to approximately 350 young Palestinians in subjects including vehicle maintenance, plumbing, carpentry, renewable energy, and information technology.

The compound lies beside the Kalandia refugee camp but, according to the boundaries recognized under Israeli law, is located within Jerusalem’s municipal territory. Kafr Akab is in the northernmost part of the capital, on the other side of the security barrier.

Israel Police forces seen outside the UNRWA center in Jerusalem, as part of a raid on the center, December 8, 2025 (credit: CHAIM GOLDBERG/FLASH90)

The Foreign Ministry said the land has been owned by the Jewish National Fund since 1937, was allocated to the municipality, and that UNRWA has no property rights there. It accused the agency of fencing off land needed by local residents for schools and public services.

UNRWA disputes that account. It says the Jordanian government made the land available to the agency before Israel captured east Jerusalem in 1967 and argues that the training center is a protected UN installation. The agency has described previous Israeli entries into the compound as unauthorized and warned that its closure would eliminate an important vocational institution for young Palestinians from across the West Bank.

A 2022 government decision instructed the Israel Land Authority to allocate land in Kafr Akab for a municipal educational campus teaching the Israeli curriculum. The municipality has since advanced a broader plan for public and educational facilities in the area.

Ben-Gvir announces further legislation against UNRWA activity

National Security Minister Itamar Ben-Gvir arrived at the site on Tuesday morning and portrayed the municipal work as a police operation to take control of the compound and remove UNRWA.

“Today we are making history,” Ben-Gvir said. “This morning, we are beginning the work to remove UNRWA from Kafr Aqab.”

He said police were working with other authorities to enforce legislation restricting UNRWA’s activities in Israel and accused the agency of providing cover for Hamas.

Israel Beytenu MK Yulia Malinovsky, who initiated the legislation, accused Ben-Gvir of attempting to claim credit for the operation. The work began five days after she, B’Tsalmo, and Yaakov Samerano petitioned the High Court against Ben-Gvir and other ministers over their failure to implement the law.

Malinovsky argued that the petition had forced action after more than six months of warnings, adding that “without my High Court petition, and if we were not in an election period, he would have continued sleeping.”

Samerano is the father of Yonatan Samerano, who was murdered during the October 7 massacre and whose body was taken into Gaza by an UNRWA employee, according to footage presented by Israel. His body was later returned to Israel.

The petition says the government missed a 30-day deadline set by a December 2025 amendment to take possession of the Kafr Akab site. The municipality requested security assistance in January, but the operation was delayed because of constraints on the forces needed to carry it out.

The petitioners are asking the High Court to require police and the IDF to provide those forces, or to set a binding deadline. The court has not yet ruled.

Tuesday’s work may resolve the case, but only if the state confirms that it has formally taken possession of the site, rather than merely allowing municipal contractors to enter.

Knesset bars UNRWA from operating in Israeli territory

UNRWA was established by the UN General Assembly in 1949 to provide education, healthcare, and other services to Palestinian refugees across the region.

In 2024, the Knesset prohibited UNRWA from operating in territory over which Israel claims sovereignty – including east Jerusalem – and barred state authorities from maintaining contact with the agency. A December 2025 amendment extended the restrictions and authorized the state to take possession of designated UNRWA sites in Kafr Akab and Ma’alot Dafna. The Ma’alot Dafna compound was taken over in January.

The legislation followed Israeli allegations that Hamas and Palestinian Islamic Jihad had infiltrated UNRWA and used its facilities. UNRWA denies any institutional affiliation with Hamas.

A UN investigation found that nine of 19 employees investigated may have been involved in the October 7 attacks and terminated their employment. It found insufficient or no evidence against the others. A separate review identified weaknesses in UNRWA’s neutrality safeguards but said Israel had not provided evidence supporting its broader claims about the agency’s workforce.

A separate High Court challenge to the laws ended last week without a ruling on their legality. The petitioners withdrew the case after the justices expressed skepticism about their arguments, and the court deleted it without deciding whether the laws were valid.

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The government of the Dominican Republic will adopt the International Holocaust Remembrance Alliance (IHRA) Working Definition of Antisemitism, President Luis Abinader declared on Monday at the Combat Antisemitism Movement’s sixth-annual Latin American Forum Against Antisemitism in Santo Domingo.

This will make the Dominican Republic the seventh Latin American nation to officially embrace the IHRA framework, following Argentina, Colombia, Costa Rica, Guatemala, Panama, and Uruguay.

In front of hundreds of attendees at the gala dinner, President Abinader said, “Antisemitism is not a problem that concerns only the Jewish people. It is a threat to democratic coexistence and to the rights and freedoms of us all. This fight must be guided by universal principles, not by temporary political circumstances.”

“Rejecting antisemitism does not mean taking a position regarding a particular government or conflict,” the president stated. “It means stating unequivocally that no political disagreement, no cause, and no circumstance can justify hatred, discrimination, or violence against an individual or a community.”

With this in mind, he announced the adoption of IHRA and confirmed that he has instructed the Ministry of Foreign Affairs to formalize the decision and make it public.

CAM’s sixth-annual Latin American Forum Against Antisemitism, in Santo Domingo, Dominican Republic, Aug. 24, 2026. (credit: CAM)

“Through this decision, the Dominican Republic reaffirms its commitment to the memory of the Holocaust, to the protection of Jewish communities, and to the eradication of antisemitism in all its forms. It likewise reaffirms its rejection of every manifestation of hatred, religious intolerance, discrimination, and violence against any people or community,” he said.

Donation toward the Jewish Museum of Sosúa

Abinader also announced the allocation of 50 million pesos toward the construction of a new building for the Jewish Museum of Sosúa on the Dominican Republic’s northern coast.

US Special Envoy to Monitor and Combat Antisemitism Rabbi Ambassador Yehuda Kaploun called it a “historic moment.”

“Latin America is in the middle of a very transformative time, rejecting a socialist path in favor of prosperity and freedom,” he added. “It is my privilege to represent the president and the secretary of state to tell everybody that America stands ready to support our friends in this effort to bring a new Latin America with religious liberty and freedom for everybody.”

Israel’s Foreign Ministry said it welcomes the Dominican Republic’s adoption of the IHRA definition, calling it “an essential tool for identifying and combating antisemitism in all its forms.”

The ministry expressed hope that more countries in the region will follow suit.

According to the World Jewish Congress, there are about 100 Jews living in the Dominican Republic, with the majority in Santo Domingo and about 30–40 in the historic Sousa. 

Despite the small size of Dominican Jewry, the community has two synagogues: one in Santo Domingo and the other in Sosúa. Though there is no permanent resident rabbi at either, both often host rabbis from around the world, including Miami and Colombia. Jewish life is organized by the Centro Israelita de la Republica Dominicana.

There is a Jewish cemetery, a mikveh, and chuppah services offered to foreign couples in coordination with the event planners at their resort of choice. 

The Dominican Republic was one of the few countries prepared to accept large-scale Jewish immigration before and during the Holocaust. At the Evian Conference on Refugees, which was organized by the Roosevelt Administration in 1938, the Dominican Republic offered to accept up to 100,000 Jewish refugees.

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Hezbollah MP Hassan Fadlallah called on Islamic countries to take “coordinated and decisive measures” against Israel during a meeting with Iranian Foreign Minister Abbas Araghchi in Tehran on Sunday, according to Iran’s Foreign Ministry and Lebanese media reports.

Fadlallah, a senior member of Hezbollah’s Loyalty to the Resistance parliamentary bloc, complained of Israel’s alleged “expansionist ambitions” and expressed gratitude for Iran’s “efforts to support the Lebanese people’s resistance through diplomatic efforts,” Hezbollah-affiliated Al-Manar reported.

Fadlallah also called for coordinated action against Israel over what he described as its crimes in Lebanon, Gaza, and the West Bank.

Despite presenting Hezbollah as a Lebanese resistance movement, Fadlallah has repeatedly opposed efforts by the Lebanese state to disarm the group. In June, following the signing of a US-brokered framework agreement between Beirut and Jerusalem, he warned that the Lebanese government could not implement the agreement without going to civil war and said Hezbollah would resist any measures to disarm it.

Iran's Foreign Minister Abbas Araghchi, September 9, 2025. (credit: REUTERS/MOHAMED ABD EL GHANY)

Araghchi praises Lebanese people for standing against Israel

Responding to Fadlallah’s thanks to the Islamic Republic, Araghchi praised the “resistance and steadfastness of the Lebanese people in the face of the brutal aggression by Israel” and reaffirmed the Islamic Republic’s “comprehensive support for the Lebanese people in defending their country’s territorial integrity, dignity, and national sovereignty.”

The meeting comes as Iran has faced increasing criticism in Lebanon over its involvement in the country’s internal affairs, despite Tehran’s repeated declarations of support for Lebanese sovereignty.

The meeting also came weeks after senior Hezbollah officials appeared in Iran during the funeral ceremonies for former supreme leader Ali Khamenei, who was killed in a US-Israeli strike in February. At the time, Iran’s Foreign Ministry said that Araghchi expressed that Iran would continue its “commitment” to the resistance.  

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The White House posted a photoshopped image to its official X/Twitter account on Monday depicting the school bus from the PBS animated show “The Magic School Bus” while linking to a news story about the Immigration and Customs Enforcement Agency (ICE) arresting dozens of people in the Washington area.

The post was captioned “Please let this be a normal field trip…” while showing the teacher from the educational show, “Ms. Valerie Frizzle,” the class mascot chameleon “Liz Ard,” and five illegal immigrants aboard the iconic school bus, which was renamed “The Magic Deportation Bus.”

“The Magic School Bus” was initially broadcast on PBS from September 1994 until October 1997, the public broadcaster’s first fully animated TV show, and was nominated for several awards for its educational content and high-quality voice acting. It followed a fictional science class consisting of a teacher and eight schoolchildren from various ethnicities and backgrounds, exploring several science-themed topics by traveling on the “Magic School Bus,” which was able to shrink and grow in size at will and could also travel through time and space.

The Magic School Bus classroom; illustrative. (credit: Scholastic/Nelvana Ltd. via Wikimedia Commons)

White House’s post with photoshopped image linked to Fox News article praising ICE raids near DC

The post was linked to a Fox News article also published Monday that discussed how ICE agents “quietly arrested more than 1,000 illegal immigrants” in the Washington area.

Federal sources cited by Fox also described it as “one of the agency’s most successful operations to date.”

Immigration and Customs Enforcement (ICE) agents walk outside the Ventura County Government Center in Ventura, California, on July 27, 2026; illustrative. (credit: Blake Fagan/AFP via Getty Images)

The arrests of “1,328 illegal immigrants” took place over the first 14 days of August, including in Virginia and Maryland, “both of which have sanctuary-type policies in place,” Fox noted, citing “multiple ICE sources” for the information.

“Almost 400” of those arrested “had criminal convictions or pending criminal charges,” including a murder warrant, attempted murder, rape and other forms of sexual assault, kidnapping, robbery, and more.

ICE officers also arrested alleged members of the powerful MS-13 and Tren de Aragua cartels, and the 18th Street Gang, Fox noted.

Homeland Security secretary, ICE official praise immigration raids

“The brave men and women of ICE are hard at work every single day getting these dangerous illegal aliens out of our country,” Homeland Security Secretary Markwayne Mullin told Fox.

“Over the course of just two weeks in Virginia and Maryland, they arrested sexual assailants, kidnappers, drunk drivers, robbers, and gang members,” Mullin added.

“While sanctuary politicians in Virginia and Maryland keep putting the needs of illegal aliens over the safety of the American people, the Trump Administration will always put American citizens first,” Mullin stated.

“By arresting and removing illegal aliens from our communities, we will make America safe again,” he said.

“Our officers are the best in the world at finding people who do not want to be located,” ICE Enforcement and Removal Operations Acting Assistant Director Patricia Hyde said.

“That’s exactly what we did throughout this operation,” she added.

“Removing these criminal alien offenders from Virginia and Maryland neighborhoods makes for much safer communities, and that is exactly what the men and women of ICE work to accomplish every day across our great nation,” Hyde stated.

The Department of Homeland Security also clarified that all those arrested will remain in ICE custody pending removal from the US, Fox reported.

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Jonathan Pollard, flanked by Sharren Haskel and Lt. Col. (Res.) Roi Danino, was the only person to speak in a video filmed near the Western Wall. Looking into the camera, he compared his three decades in an American prison with Israel’s failures on October 7.

“My abandonment and betrayal was not the exception,” he said in the recording, published Sunday by Israel First and Haskel. “On October 7th, I saw that the entire country had been abandoned and betrayed.”

In an interview with The Media Line, Israeli lawmaker Sharren Haskel, a former deputy foreign minister and the founder and leader of Israel First, said the party is not organized around a personal campaign to replace Prime Minister Benjamin Netanyahu.

“We don’t run for the prime ministership. We run to fix the broken system of our ministries here in Israel,” she said. Her objective is to win enough seats to demand specific changes in military service, government spending, and coalition policy rather than compete directly with Netanyahu and other party leaders for the premiership.

Haskel said the next stage in building the party’s slate would come Wednesday, when Israel First plans to introduce candidates with senior military backgrounds. She did not disclose their names or prospective places on the list but described them as high-ranking officers who had served during the past three years “in the most dangerous situations.”

Israel First chairperson Sharren Haskel sits inThe Jerusalem Post studio, July 28, 2026. (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

Their experience, she said, should qualify them for national leadership after years in which soldiers, reservists and their families paid much of the cost of the war.

“Those people need to serve in the highest leadership roles as well, especially after all the prices they’ve paid,” Haskel said. She added that the party was in discussions with several other prospective candidates as it tries to assemble a list before Israel’s October 27 election.

Different from ‘white Ashkenazi men’ dominating political race

Haskel established Israel First on July 15, one day after resigning from her government position. She left after the passage of legislation freezing arrests and criminal proceedings against ultra-Orthodox draft evaders, a measure she had described as a betrayal of Israelis serving during wartime. The new party presents itself as a home for right-wing voters who support a hard security policy and a liberal economy but will not accept continued military exemptions for the ultra-Orthodox.

Haskel also presents herself as a different kind of figure in a race she described as dominated by white Ashkenazi men.

She said she is currently the only woman leading a party and pointed to her background as a Mizrahi former combat soldier, emphasizing her role as a mother. 

After three years of war and the political disputes surrounding military service, she said Israelis need leaders who approach public responsibility with the determination of a parent protecting a child.

“The country needs more mothers that will fight for them, that will defend them and that will do everything in their capability, no matter what the price is, to protect them,” Haskel said.

“We are a right-wing party that refuses to compromise on exemption bills,” Haskel said. “We want real solutions that will recruit the ultra-Orthodox.”

People who choose not to serve, she added, should not receive the same public privileges as those carrying the military burden. The party’s announced priorities also include education, civil liberties and Zionist unity, but Haskel placed military service at the center of her explanation of how Israel First differs from other right-wing and center-right parties.

She said Israel First would make two pieces of legislation a condition for joining the next government. The first would establish what she called “border yeshivas” at 15-kilometer intervals along Israel’s frontiers.

Under Haskel’s proposal, students would remain within their ultra-Orthodox frameworks while undertaking security roles near Israel’s borders. She said those roles could include patrols, guard duty, intelligence-related work, and efforts to prevent infiltrations or weapons smuggling. Haskel said she first presented the plan more than two years ago and tried to persuade colleagues in parliament to advance it.

The second proposal would deny government benefits to people who did not serve. If such a person entered a government or municipal position, including as a lawmaker, minister or mayor, their salary during the first three years would be limited to the amount received by a soldier completing three years of service, Haskel said.

“If you didn’t serve, you will not receive benefits,” she said. She did not specify which benefits would be affected, whether civilian national service would qualify, or what exemptions would remain available.

The party’s economic program follows the free-market positions Haskel promoted during her years in Likud and New Hope. She called for lower taxes, fewer regulations and a smaller, more efficient state budget, arguing that Israel’s bureaucracy places an excessive burden on families and business owners who have also carried much of the cost of the war.

“We have to cut down massively on the amount of bureaucracy and regulations that Israel has,” she said, advocating for directing government spending toward Israelis who work, serve and pay taxes.

Haskel’s proposed coalition does not follow the usual division between parties committed to keeping Netanyahu in office and those promising to remove him.

“I’m not in the pocket of anyone,” she said. Israel First would try to form a broad Zionist government that does not depend on the ultra-Orthodox parties or Arab parties, while bringing together right-wing and centrist factions that currently refuse to sit with one another.

Her treatment of controversial political figures, however, is not uniform.

Asked about National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, Haskel said some of their statements during the war had damaged Israel’s international position and complicated its work abroad. She nevertheless rejected a blanket boycott of either man, saying she agreed with some of their policies and opposed others.

“There are certain things I agree with and certain things I disagree with,” Haskel said. “You need some critical thinking and to see what policy needs to happen and what doesn’t.”

She said judging every proposal according to the identity of the person presenting it had produced an inflexible political system in which parties construct their entire ideology around membership in one camp.

Haskel drew a sharper boundary around The Democrats leader Yair Golan and former prime ministers Ehud Barak and Ehud Olmert. She accused them of making allegations against Israel and its soldiers that created more damage in foreign media than the remarks by Ben-Gvir and Smotrich. As deputy foreign minister, she said, she repeatedly had to answer questions from international reporters about those statements.

She singled out Golan as someone she would not rely on in a future government, arguing that a politician whom she accused of making false accusations against Israeli soldiers during wartime cannot serve as a Zionist coalition partner.

That distinction leaves Israel First potentially open to cooperation with Netanyahu’s right-wing partners while closing the door on at least one prominent figure in the opposition bloc.

Before it can shape a coalition, Israel First must cross Israel’s 3.25% electoral threshold.

A Maariv poll conducted August 12-13 placed the party at 0.6%, leaving it without parliamentary representation. Haskel’s announcement that senior officers will join the slate is therefore not only an attempt to establish its security credentials, but also part of the immediate effort to give voters more recognizable candidates before the election.

Danino, the first prominent recruit announced by Israel First, joined on August 2. A reserve lieutenant colonel, businessman, and security and economic commentator, he has served more than 600 days of reserve duty during the war, according to the statement announcing his entry.

The party said he would focus on reducing regulation, lowering the cost of living, and helping reservists and small businesses that suffered financially while their owners were called up.

Jonathan Pollard joins Israel First

Pollard adds a more familiar and controversial name.

The former US Navy civilian intelligence analyst pleaded guilty to passing classified information to Israel and received a life sentence in 1987. He was released on parole after serving 30 years and moved to Israel in 2020 after his parole restrictions ended.

Haskel said Pollard would contribute a security perspective, support for free-market reforms, and an interest in education policy, an area she said they had discussed repeatedly. 

“He understands how much bureaucracy and regulation Israel has and how much taxes need to be reduced,” Haskel said. “Most of all, he is really passionate about education.” She said his experience in the United States had influenced his view of the Israeli education system and the reforms he believes could be introduced quickly.

Haskel nevertheless rejected one of Pollard’s most controversial positions as Israel First policy. Earlier in the election campaign, Pollard said he favored removing Gaza’s Palestinian residents, annexing the territory and repopulating it with Israelis.

“It’s not the stand of Israel First,” Haskel said. She said she understood the argument that relinquishing territory had failed to resolve the conflict and that different options for Gaza should be discussed, but defined the party’s immediate position more narrowly.

“Without the destruction of Hamas, without the complete and full disarmament of Hamas, there is absolutely no step Israel can take in order to continue and advance to the second stage in Gaza,” she said.

Pollard did not address that difference in the Western Wall video.

Instead, he praised Haskel for helping him without seeking public attention and said Israel needed officials willing to accept responsibility.

“You were quiet, you were loyal, and you were effective,” he told her. “And that’s what we need now with a new Knesset.” Pollard said that was why he had decided “to join you and help you,” adding that he hoped to see Haskel in the next Knesset.

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Finance Minister and Religious Zionist Party (RZP) leader Bezalel Smotrich scolded MK Zvi Sukkot following his destruction of a monument in Kafr Madama near Nablus, Israeli media reported on Tuesday.

Smotrich reportedly told him he should not have acted without proper authorization and authority, and demanded that he not do it again.

Additionally, KAN News reported that RZP member Ohad Tal decried Sukkot’s actions in the party’s WhatsApp group, asking, “Was this move coordinated with the campaign? Is there some sophisticated strategy here that I’m not grasping, or have we simply decided to commit political suicide?”

Sukkot, in his own Tuesday morning X/Twitter post, argued his justification for the action, saying that  “every child who sees every day a giant monument that glorifies murderers of Jews will dream of being a terrorist.”

He claimed that he had taken action after appealing to the IDF several times to remove the “terror monuments throughout the area,” and that destroying the monument in the village was”a small taste.”  

MK Zvi Sukkot and several others seen smashing a monument in in Kafr Madama near Nablus, August 25, 2026. (credit: SCREENSHOT/X, SECTION 27A COPYRIGHT ACT)

“There is no place for support of terror in the State of Israel!” he wrote.

Several other non-RZP government officials decried Sukkot’s actions, including Prime Minister Benjamin Netanyahu, Yashar party leader Gadi Eisenkot, Foreign Minister Gideon Sa’ar, B’Yachad leader Naftali Bennett, and several others.

IDF escort became cover for Sukkot’s unauthorized demolition of Palestinian monument 

The IDF also condemned Sukkot’s actions, though it confirmed that troops were diverted from standard operational duties to guard Sukkot and his aides on what he called a ‘memorial tour’ in several villages in Areas A and B in the West Bank.

It noted that “Contrary to the coordination, the participants acted deceitfully and manipulatively, without authority and in complete violation of the approved framework, and began demolishing one of the memorials in the village of Madama,” the IDF stated, claiming the soldiers spoke with their commanders after seeing what was happening and were instructed to intervene and remove the group from the village.

The footage shared did not show soldiers intervening.

A spokesperson for the IDF told The Jerusalem Post that the soldiers had not been sent with a photographer, as these assignments typically don’t require one, and therefore were unable to provide footage of the soldiers intervening.

The Post has reached out to RZP for clarification.

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Azerbaijan is mediating between Israel and Turkey to reduce tensions over Syria and prevent military friction between the two countries, Israeli sources said, as the United States pursues a parallel effort to contain the dispute. 

Azerbaijani President Ilham Aliyev initiated direct dialogue between Israel and Turkey a year ago, resulting in an operational coordination mechanism intended to prevent the two countries from coming into conflict in Syria. 

Baku’s latest diplomatic efforts are focused on maintaining communication between the two sides and preventing military miscalculations, including potential incidents involving aircraft, Daily Sabah reported.

A source involved in the discussions said Azerbaijani officials are particularly concerned because both Israel and Turkey are allies of Azerbaijan. 

The United States is also seeking to reduce tensions, although Israeli sources described significant distrust of US envoy Tom Barrack, who characterized a recent Israeli strike in Syria as an “unnecessary escalation” and claimed Israeli strikes were politically motivated ahead of October elections. The diplomatic efforts come as Israel has raised concerns about an expansion of Turkey’s military presence in Syria. 

Israeli Prime Minister Benjamin Netanyahu attends a state ceremony reburying Shimon and Rivka Herzl, the grandparents of Theodor Herzl, founder of modern political Zionism, alongside their grandson on Mount Herzl, in Jerusalem, August 05, 2026; Illustrative. (credit: CHAIM GOLDBERG/FLASH90)

Netanyahu warns Turkey against increasing Syria presence

Prime Minister Benjamin Netanyahu warned following an Israeli strike that an increased Turkish military footprint in southern Syria would pose a threat to Israeli security and alter the existing regional balance. 

Syrian Foreign Minister Asaad al-Shaibani denied that Turkey intended to establish a military base at Abu al-Duhur, saying the facility was being rehabilitated for the Syrian Air Force. 

Separate diplomatic efforts have sought to reduce tensions involving Israel and Syria. Mossad Director Roman Gofman and al-Shaibani held high-level talks in Jordan aimed at easing tensions and reviving security negotiations. 

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Greek Foreign Minister Giorgos Gerapetritis issued a strong warning to Turkey, saying that “the Greece of passive diplomatic stagnation belongs definitively to the past.”

“Any attempt to violate our sovereign rights will be met with every means at our disposal,” he said.

Gerapetritis described the “maritime parks” promoted by Turkey as “illegal and lacking legal validity,” while stressing that Greece is “fully prepared for any scenario,” despite continuing to pursue peace.

Gerapetritis said on Monday in an interview with Greek television channel OPEN TV that Greece is prepared to respond on the ground if Turkey takes steps that, according to Athens, violate its rights, N12 News reported on Monday.

Asked about the possibility of Turkey sending warships to the area, Gerapetritis said Greece does not intend to refrain from responding and has several options available.

Relations between Turkey and Israel (illustrative) (credit: SHUTTERSTOCK)

‘Greece has proven it can send frigates and F-16s’

“It is self-evident that Greece will fully exercise its sovereign rights,” Gerapetritis reportedly said, adding that “We will do whatever is necessary. We will respond to provocations and we will respond from a position of strength.”

When asked whether Greece would respond if Turkey sent frigates to the area, Gerapetritis emphasized Greece’s ability to deploy its own ships without specifying numbers, N12 reported.

“Greece has proven that it can send frigates and can send F-16s, and from next year onward it will also send F-35s,” he reportedly said.

The Greek foreign minister also pointed to Greece’s ongoing military buildup, citing Rafale fighter jets, upgraded F-16 aircraft, Belharra-class frigates, and F-35 fighter jets expected to join the Greek military in the future. 

Greece has already demonstrated its power in Cyprus and during the recent crisis in the Middle East, Gerapetritis said, according to the report.

“Yes, we want peace. But we want it from a position of strength. With security and without fear complexes,” Gerapetritis said.

Addressing Greece’s relationship with Israel, Gerapetritis said cooperation with Jerusalem is not an “overinvestment,” but rather part of a broader, multi-layered foreign policy in which Athens continues to maintain open channels with the Arab world.

Greek officials told N12 that relations between Israel and Greece are “warming up again,” and that security cooperation between the countries is due to expand.

“The war delayed processes, and now, with the end of the war, talks with Greece have resumed with greater intensity,” defense industry sources told N12.

The sources also described the recent air exercise held by the countries over the Mediterranean as a “message to the Turks,” the network reported. 

“From now on,” the sources said to N12, “military cooperation between Israel and Greece will be stronger and more visible.”

Idlib strike could be a model for strikes on Turkish assets, Greek media outlet reports

Meanwhile, Greek media outlet Pro News recently published a report outlining a possible scenario in which a military confrontation between Israel and Turkey could expand into the eastern Mediterranean and potentially involve Cyprus.

According to the report, Israel is allegedly considering a scenario in which it would strike Turkish targets in northern Cyprus if Jerusalem determines that Turkey’s military presence there threatens Israeli interests.

The report cited the Israeli operation against the Abu al-Duhur base in Syria’s Idlib province as a possible model, claiming that eight airstrikes were carried out there amid concerns over Turkish military entrenchment.

According to Pro News, one scenario mentioned in the report includes a strike on Ercan Airport in northern Cyprus and a Turkish naval base near Kyrenia, where warships are expected to be stationed.

However, the report did not provide any official indication that Israel has decided to carry out such an operation.

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Good morning. On Fortune’s radar today:

  • Oh, Canada: trade talks collapse, 90,000 jobs at risk.
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  • Markets: Hello, Bitcoin!
  • Nvidia stock can’t get no respect.
  • The vertical inflection point of AI compute.
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On CNBC’s Squawk Box recently, pollster Frank Luntz was asked how to “sell data centers to voters.” President Trump said a day earlier that the industry could use “a little public relations help.” Both treat the backlash as a communications problem. The deeper problem is the bargain communities are being asked to accept.

Opposition to AI data centers is scrambling midterm races from Ohio to Wyoming. Candidates in both parties are distancing themselves from projects their leaders once courted. In Pennsylvania, Gov. Josh Shapiro removed AI data centers from the state’s fast-track program, which coordinates agency reviews to speed major projects. He also required local approval, enforceable commitments on power, water and community benefits, and barred state agencies from using nondisclosure agreements that can hide project terms.

The public sees companies capture the upside while communities face the risk of long-term burdens, including higher electricity bills, infrastructure costs, prolonged construction disruption and pressure on local water supplies. Many facilities use evaporative cooling, which consumes water to remove server heat. The industry answers with investment totals, construction jobs and competition with China. Those benefits matter. But voters are asking more concrete questions: Who pays, what remains after construction, and who is accountable if the promises are not kept?

Gallup found that 71% of Americans oppose an AI data center in their area. In a survey of 1,566 voters, Veleonis and co/efficient found that three in four chose no company or were unsure which company they could trust to operate one responsibly. Half cited electricity, water or other environmental effects when asked what they would want to know about a local project. The industry built the case for scale before earning public permission to build.

At least 4,000 data centers operate nationwide, with roughly 3,000 more planned or under construction. Lawrence Berkeley National Laboratory, an Energy Department research lab, estimates that data centers could consume 9.5% to 15.3% of U.S. electricity by 2030, up from about 4.7% in 2024, roughly double to more than triple today’s share. America needs more computing capacity, along with the power, grid infrastructure and willing communities to support it.

The challenge is how to keep the AI buildout moving without asking communities to absorb its costs. The way through is what I call a Capacity Expansion Bargain: a reciprocal deal in which growth adds capacity rather than consuming what is already scarce. Companies would pay the costs their projects create, bring new power onto the grid, publish verifiable operating data and strengthen host communities. In return, governments would honor agreed tax and permitting terms and move compliant projects through a clear process and timetable. The bargain rewards responsible development and filters out speculation, secrecy and cost shifting.

Start with electricity. The costs created by a large data center should be traceable to it and paid by it. Each facility should therefore have its own contract rather than pay the general commercial rate. The contract should include a minimum payment for reserved capacity, require the developer to finance new substations and grid connections, and impose an exit fee if it walks away. It should also require enough new regional supply to cover the facility’s demand. Drawing on existing generation without adding new supply tightens the market and can raise everyone else’s bills.

The White House Ratepayer Protection Pledge adopts this principle, but voluntary promises need binding utility contracts. AEP Ohio shows why. By the utility’s account, developers initially sought more than 30,000 megawatts, nearly three times its system’s peak demand. The queue fell to about 13,000 megawatts at the paid-study stage and 5,642 megawatts in signed contracts under the new tariff, on top of 12,219 megawatts contracted earlier. Escalating financial commitments distinguish serious projects from placeholders.

Every project should publish a plain-English fact sheet before approval. It should state its electricity and water use, cooling method, power source, public incentives, permanent jobs and contributions to roads, emergency services and worker training. Independent experts should verify operating data after the facility opens. Agreements involving public money or resources should remain public. False claims should trigger penalties and repayment of incentives.
States have an equal obligation to honor the tax and permitting terms promised to projects that have committed capital. Many states exempt data center servers and equipment from sales tax; whatever rule a state adopts must remain stable long enough for a project to be financed. A company meeting the new standard should receive one coordinated review across agencies, with clear requirements and a deadline.

Pennsylvania has written much of the protection side of this bargain. It should add the reciprocal promise: A project that pays its infrastructure costs, adds power, earns local approval and accepts enforceable disclosure qualifies for faster review. Stable rules and timely decisions are the government’s contribution.

This settlement can survive a change in party. Republicans can defend it as ratepayer protection, local control and financial discipline. Democrats can defend it as environmental protection, transparency and corporate accountability. Governors can welcome investment while assuring residents they will not subsidize it.

The test is simple. A project that expands capacity, pays its own way and proves its claims should move quickly. A project that shifts costs, drains scarce resources without replacing them or hides its effects should fail.

Watch whether any state pairs Pennsylvania’s protections with a speed guarantee. The first governor to offer both will learn which developers meant what they said. America will win the AI buildout by giving communities a better deal.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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The US Securities and Exchange Commission has sent subpoenas to major Wall Street banks regarding the hedge fund Situational Awareness, according to people familiar with the matter.

The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last month, said the people, who asked not to be identified discussing a confidential matter. The New York Times earlier reported on the SEC’s subpoenas. 

Read More: The 24-Hour Race to Salvage Situational Awareness’ AI Bets

A spokesperson for the SEC declined to comment. An SEC inquiry doesn’t mean that a firm or individual is the focus of an investigation and a probe by the regulator can end without an enforcement action.

The fund began liquidating some of its equity positions as it faced a barrage of margin calls during last month’s AI stock rout. Ken Griffin’s Citadel stepped in to buy the bulk of its public stock bets.

“It is to be expected that regulators would closely examine any funds that are high profile, produce significant returns, or have particularly dramatic drawdowns,” Situational Awareness said in a statement on Monday. “We are a highly-regulated business and will cooperate to the fullest extent with any regulatory request.”

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  • In today’s CEO Daily: Trivago’s CEO says you need to “invest at least one or two hours into AI”
  • The big leadership story: Bessent threatens expanded sanctions on countries that do business with Iran
  • The markets: Mild optimism in global markets heading into the U.S. trading session
  • Plus: All the news and watercooler chat from Fortune.

Good morning. Trivago is a platform that should arguably be gone by now. Having suffered a near-death experience during the pandemic, this hotel search site would seem ripe for disruption in an age of AI. It’s smaller and narrower than Booking Holdings (check out CEO Glenn Fogel’s recent interview with my colleague Kamal Ahmed) or majority owner Expedia. It performs a search function that Google, Kayak and others seem to do well. And yet the mid-sized Dusseldorf-based site is profitable and grew almost 20% last year to about $633 million in revenue. More recently, it reported second-quarter revenue growth of 21%, reaching 168.4 million euros ($196.4 million).

CEO Johannes Thomas credits AI. When Trivago’s supervisory board met late last year, Thomas told me the debate came down to a choice: “Do you go for efficiency and downsize Trivago to 200 people, or do you go from 600 to an impact of 6,000 by leveraging AI?” They chose to aim for the latter and he now spends more than half of his time on AI transformation, up from roughly a quarter of his time a year ago.

“Small or medium‑sized companies with a tech DNA are in a very sweet spot,” he told me, arguing that there are fewer layers of bureaucracy or union politics to slow down adoption. The organization is so flat that he’s now building more applications and systems himself. He designed what he calls a “role evolution agent” that scans each employee’s work, messages, job description and other material to give them a personalized playbook on what to automate and how their job is likely to look different in a few years. “I can suddenly realize things I had in my mind but could not build because resources were constrained,” he said. “I probably spend 10 hours more working a week. I have three kids, so I need to sacrifice even more but it’s very exciting.”

And what happened when he turned that agent on himself? “It came out: get rid of earnings preparation … and it prepares me for the performance chat because 70% of the work is done,” he said. His advice: “I would tell other CEOs the exact same thing I tell everybody in this company: Invest at least one or two hours into AI and rethinking your work. Just block your calendar and do it.”

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

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A prosecutor’s statement has been filed against the man suspected of fatally shooting attorney Arbel Feldman inside his Rishon Lezion office earlier this month, police announced on Tuesday, bringing the case a step closer to an indictment.

The Central District Attorney’s Office filed the statement after police completed their investigation into the August 4 killing. Police said a serious indictment is expected in the coming days, together with a request to keep the suspect detained until the end of the proceedings.

A prosecutor’s statement formally notifies the court that prosecutors intend to file charges and need a short period to prepare them. 

The investigation began after police received an emergency call reporting gunfire at an office on Moshe Levy Street in Rishon Lezion.

“They shot my office partner,” the caller told the police emergency line, according to the police account.

The suspect in the murder of attorney Arbel Feldman arrives for a court hearing on his detention extension at the Magistrate’s Court in Rishon LeZion, August 5, 2026. (credit: AVSHALOM SASSONI/FLASH90)

Officers who reached the office found Feldman after he had been shot. He was pronounced dead at the scene.

Police said their investigation found that the suspect, who knew Feldman, came to the lawyer’s office and shot him several times during their meeting before fleeing.

Investigators launch manhunt for suspect in murder of lawyer

Central District Commander Amir Cohen assigned the investigation to the Shfela Central Unit after holding a special assessment at the scene, police said. Investigators then launched a manhunt across several police districts, using operational, intelligence, and technological measures to trace the suspect’s escape route. The suspect eventually surrendered, according to police.

Police said investigators and forensic officers collected evidence from the office, analyzed surveillance footage, and carried out additional investigative steps before transferring the case to prosecutors.

The suspect, whom police described as an Ashdod resident in his 20s, has remained in custody since his arrest. His detention has been extended several times as the investigation progressed.

The suspect was a former client. Investigators were examining a dispute over compensation from a personal-injury case in which Feldman had represented him. 

Feldman, a Rishon Lezion resident and father of three, was remembered by friends and colleagues as quiet, courteous and devoted to his family. The morning after his killing, lawyers and Israel Bar Association employees stood for two minutes of silence outside courthouses across the country.

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The US State Department is preparing to return diplomats to Middle East embassies that were evacuated before and during the war with Iran, the New York Times reported on Tuesday, citing an internal State Department document.

Foreign Service officers could begin returning to their posts as early as this week, according to the report. Emergency measures introduced at US diplomatic missions across the region could also begin to be scaled back.

The planned redeployment would mark a shift in Washington’s diplomatic security posture after months in which US missions operated with significantly reduced staffing because of the conflict. The report did not indicate that all affected embassies would immediately return to normal operations.

Earlier in August, the State Department was reported to have asked US embassies across the Middle East to prepare reduced-operations plans. At the time, officials were considering a prolonged period with smaller numbers of personnel on the ground as the war with Iran continued and diplomats displaced from their assignments faced uncertainty over when they could return.

The drawdown began after the US and Israel launched their military campaign against Iran on February 28. As the conflict intensified and American diplomatic facilities faced missile and drone threats, Washington ordered nonemergency personnel and family members to leave missions in Bahrain, Iraq, Jordan, Qatar, Saudi Arabia, and the United Arab Emirates. Israel and Lebanon had already been operating under departure arrangements before the wider regional drawdown.

 View of the US Embassy Branch Office in Tel Aviv, May 7, 2024.  (credit: MIRIAM ALSTER/FLASH90)

Iran subsequently retaliated against targets across the Middle East, including Gulf states and US military facilities. The regional confrontation has continued despite periods of reduced military activity, with Washington maintaining military and economic pressure on Tehran.

Tensions remain unresolved as US heavily sanctions Iran

The apparent easing of restrictions on diplomatic personnel comes as tensions between Washington and Tehran remain unresolved. On Tuesday, the US imposed additional sanctions connected to Iranian military activity and petroleum exports, while US Defense Secretary Pete Hegseth said Washington had not ruled out further military strikes around Iran or the Strait of Hormuz.

The Strait of Hormuz remains a central point of friction. US President Donald Trump said last week that no negotiations with Iran were scheduled and that the US naval blockade remained in effect, as efforts to reach a lasting arrangement over the strategic waterway remained stalled. 

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The IDF on Tuesday confirmed it diverted troops from standard operational duties to guard MK Zvi Sukkot (Religious Zionist Party) on what he called a ‘memorial tour’ in several villages in Areas A and B in the West Bank.

However, the military claimed Sukkot acted “deceitfully and manipulatively, without authority and in complete violation of the approved framework, and began demolishing one of the memorials in the village of Madama.” 

The IDF stated that the soldiers spoke with their commanders after seeing what was happening, and were instructed to intervene and remove the group from the village.

“The IDF views the MK’s conduct and lack of coordination as serious, and as an exploitation of the protection provided by security forces in order to act in complete excess of his authority,” the military added, while emphasizing that the IDF does regularly demolish memorials and symbols of incitement with required approvals and in coordination with the Civil Administration.

The footage shared did not show soldiers intervening. 

A spokesperson for the IDF told The Jerusalem Post that the soldiers had not been sent with a photographer, as these assignments typically don’t require one, and therefore were unable to provide footage of the soldiers intervening.

MK Zvi Sukkot and several others seen smashing a monument in in Kafr Madama near Nablus, August 25, 2026. (credit: SCREENSHOT/X, SECTION 27A COPYRIGHT ACT)

Sukkot confirms destruction of Madama monument 

Sukkot confirmed he had destroyed a monument in Kafr Madama near Nablus, after footage circulated on social media and was shared by Israeli outlets on Tuesday morning. 

The monument appeared to be in honor of members of the al-Aqsa brigade and Palestinians killed in the intifada.

“Every child who sees every day a giant monument that glorifies murderers of Jews will dream of being a terrorist,” Sukkot said in a post to X/Twitter.

He claimed that he had taken action after appealing to the IDF several times to remove the “terror monuments throughout the area,” and that destroying the monument in the village was”a small taste.”  

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National Security Minister Itamar Ben-Gvir turned Monday’s Altalena commemoration into a political humiliation for Prime Minister Benjamin Netanyahu, appropriating one of the most powerful symbols of Menachem Begin, the Likud, Herut, the Revisionist movement, and Jabotinsky’s ideal of hadar.

“The holy cannon,” as it was called, was the artillery used by the fledgling IDF after receiving the order to fire on the Altalena. The argument over that episode will never end, as is the way with old historical disputes. What matters is that the event did not turn into a civil war.

Begin deserves much of the credit for that. Perhaps, deep down, the Irgun commander knew that David Ben-Gurion was right. But even if he did not, he decided to prevent a civil war at any cost, and that was, in my view, the most important decision he ever made. I am almost certain he would agree.

What a disgrace: From Ben-Gurion’s “holy cannon,” nearly eight decades later we have arrived at the Davidka. For those who do not remember, the Davidka was a typical Palmach invention from the darkest days of the War of Independence, when there were no real cannons. It did not cause much damage, its range was short, and the destruction it caused was limited, but it made an enormous noise that sometimes succeeded in driving away the Arab gangs.

As you have probably guessed, today’s Davidka is named Itamar Ben-Gvir. He knows how to make noise and commotion. He also knows how to pull political maneuvers.

Prime Minister Benjamin Netanyahu is seen examining the Altalena exhibit following the discovery of the ship ‘Altalena’, at the Etzel Museum in Tel Aviv on August 24, 2026. (credit: MA'AYAN TOAF/GPO)

On Monday, Ben-Gvir gave Netanyahu a lesson in politics and managed to snatch from under the prime minister’s nose the greatest symbol of the ruling party, may it rest in peace, the greatest symbol of the Likud, of Herut, of the Revisionist movement, and of Jabotinsky’s hadar.

Netanyahu scrambles to salvage stolen celebration

The event was both funny and sad, both grand and ridiculous. To see the prime minister of Israel rushing around, armed with an army of security guards, clearing swimmers from the Tel Aviv beach, positioning himself outside so as not to encounter Ben-Gvir inside, and trying to parachute his own spin into the heart of the stolen celebration and the hijacked ship taken over by the heir to Meir Kahane. What a disgrace.

Meanwhile, inside the Irgun Museum, Itamar Begin, or Menachem Ben-Gvir, was having a grand celebration of his own. He even hinted that “Begin also knew persecution,” just like him. Ben-Gurion used to call Begin “the man sitting next to Yohanan Bader,” and now Benjamin Netanyahu is unwilling to be photographed with Ben-Gvir.

Anyone who knows Ben-Gvir knows how much he was enjoying those moments. Anyone who knows Netanyahu knew how much he was suffering at that hour. His pathetic speech, delivered in the backyard of the Irgun Museum, looked much like the situation itself. With astonishing gall, he repeatedly stressed that “there will be no civil war,” even though he has managed to bring us closer to civil war than at any point since the Altalena was sunk. And we have no Begin to prevent it.

At the end of his speech, Netanyahu pulled out a characteristically pompous promise: “I promise you that we will bring the Altalena up from the depths of the sea.” Yes, yes, Bibi. You just forgot to say when that will happen. After you appoint Nir Barkat finance minister, or after total victory?

Spoiler: The Altalena will not be raised from the depths of the sea. It is too complex, too complicated, too expensive, and probably not really important.

The Altalena wound has scarred over

Contrary to what was said on quite a few websites and television channels on Monday, there is no mystery surrounding the Altalena. Everything is clear and known. There is a rift there that our forefathers managed to heal. There is a wound there that had enough time to scar over.

Back then, this place had leaders worthy of the name. There was Ben-Gurion, and there was Begin. Their heirs now are, what a disaster, Benjamin Netanyahu and Itamar Ben-Gvir. I do not know which of the two Menachem Begin would despise more if he were alive now.

Begin’s successor, the revered Lehi commander Yitzhak Shamir, used to leave the Knesset plenum when Meir Kahane rose to speak. Begin himself would certainly have refused to be photographed with Ben-Gvir, but Netanyahu is the one he would truly mourn. After all, Netanyahu is his heir, and there can be no greater disgrace than that.

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Parents of children in the Gaza Strip have been warned to stop their children from flying kites after Israel threatened a forceful response if Hamas terrorists revive a tactic of launching incendiary kites over the border.

The “popular committees,” comprising representatives of local non-government organizations, issued the warning in a statement late on Monday.

The announcement was coordinated with Hamas authorities, a source in the terror group said.

“We are working tirelessly on the ground and doing everything possible to stop this practice, not to restrict the childhood of our children, who have already been deprived of the most basic rights to play and live in safety, but to protect their innocent lives,” the statement said.

In 2018, Gazans sent incendiary balloons and kites over the border, causing fires across hundreds of acres of open fields and farmlands, in what they said was in protest at the Israeli blockade of the territory.

A kite bearing the Palestine flag flies over a beach lined with tents in Gaza City on May 8, 2026. (credit: Ahmed Al Arini / Middle East Images / AFP via Getty Images)

In the past month, several kites that were not reported to be carrying incendiary materials were spotted drifting from Gaza into Israel, alarming Israelis who live in the nearby villages that came under attack by Hamas in the October 7, 2023 massacre that sparked the Israel-Hamas war.

On Sunday, Prime Minister Benjamin Netanyahu warned Hamas that unless that stopped immediately, “those responsible” for launching kites, balloons, or drones toward Israel would be targets of assassination and that areas from which they are sent will be ordered to evacuate.

Umm Mohammed, a mother from Gaza City who spoke with Reuters over a chat app, said she was worried her son could be hurt.

“Every summer, my kid, Ahmed, 10, and the kids in the street fly those kites to entertain themselves, but I will not allow him to, not anymore,” she said.

Israeli defense official says Hamas aiming to provoke Israel

A senior Israeli defense official said that Hamas was trying to provoke Israel by encouraging Gazans to fly kites across the border.

A Hamas official told Reuters the group has complained to ceasefire mediators that “Israel was making fake pretexts to continue the war on Gaza.”

Israel complained to US President Donald Trump’s Board of Peace, which oversees the implementation of the 2025 Gaza ceasefire deal, about the kites, according to a second Israeli official.

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The Sam Spiegel International Film Lab will take part in the 83rd Venice International Film Festival, presenting 10 feature-film projects in development from Israel and around the world at one of the international film industry’s most prominent meeting points.

This is an especially auspicious honor at a time when anti-Israel sentiment is running high at many festivals. The Venice International Film Festival is one of the largest and most prestigious in the world, and Israeli films have been embraced there with enthusiasm in the past.

Samuel Maoz’s Lebanon, the story of a tank crew in the First Lebanon War, won the Golden Lion, the festival’s top award, in 2009, and Maoz was invited to meet Pope Benedict XVI. But in recent years, fewer Israeli films have been selected to participate.

The lab has been chosen to take part in the Venice Production Bridge, the festival’s industry platform, which connects filmmakers and producers with production and distribution companies, financiers, broadcasters, and major streaming platforms. The lab’s main event will take place on September 7 at the Hotel Excelsior on Venice’s Lido.

The 10 projects come from Austria, Brazil, Germany, Hungary, and Israel. In addition to the formal events, there will be plenty of time for the filmmakers to network at Venice, which is a major part of the development process for aspiring filmmakers. A reception for participants will be held the night before the presentation, attended by international film industry figures and festival guests.

A general view of the public during the 82nd Venice International Film Festival on September 06, 2025 in Venice, Italy. (credit: Aldara Zarraoa/Getty Images)

Production prizes totaling $70,000, provided by the Beracha Foundation, will be awarded to outstanding projects.

The International Film Lab, run by the Sam Spiegel Film and Television School in Jerusalem, develops feature films by emerging filmmakers from around the world, including Israel. Dozens of films from the lab have been shown at film festivals across the globe, many of them winning major awards.

Its alumni include a number of acclaimed international filmmakers, among them László Nemes, the director of Son of Saul, which won the Academy Award for Best Foreign Language Film in 2016, as well as the Grand Jury Prize at the Cannes Film Festival.

Israeli film holds record for Ophir Award nominations

Israeli films developed at the lab have also been produced. This year, Tell Me Everything, by Moshe Rosenthal, a graduate of the lab, leads the Ophir Award nominations with a record 16 nods. Last year, The Sea, by Shai Carmeli-Pollak, another lab graduate, won five Ophir Awards, including Best Film and Best Screenplay.

“The presence of the Sam Spiegel Lab at the Venice Film Festival for the second year is testimony to the connecting power of international creation,” said Dana Blankstein Cohen, CEO and executive director of the Sam Spiegel Film and Television School.

“The lab continues to insist on intercultural dialogue and building international bridges, and to fight for freedom of expression and artistic freedom,” she said. “Cinema has a real power to shape reality, and not only to reflect it.”

Blankstein Cohen said that Sam Spiegel sees its role as providing “a place for courageous dialogue, particularly in the complex climate in which we find ourselves,” adding that open discussion and a diversity of authentic voices and stories can foster “change, growth, and deep human connection.”

Sam Spiegel attendance at Venice festival is culmination of months of development

Mor Eldar, director of the Sam Spiegel Film and Television Labs, said the Venice event is the culmination of about 10 months of development work.

“After about 10 months of development, the 10 projects that participated in the film lab will meet the international film industry at one of the three most important festivals in the field,” Eldar said. She added that she was proud of the filmmakers and confident that the intensive work would yield results, pointing to the continuing success of alumni from previous years.

The Sam Spiegel International Film Lab is supported by the Beracha Foundation, the Edmond de Rothschild Foundation, the Sam Spiegel Foundation, the Shuster Polakoff Foundation, the Austrian Film Institute, Germany’s FFA, the Hungarian Embassy, the Institut Français, and other partners.

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The IDF and officers from Israel Police’s Jordan Border Unit thwarted an attempt to smuggle weapons across the Jordanian border last night, police announced in a Tuesday statement.

Two Jericho residents in their 20s were arrested near Gesher Adam (Damiyah Bridge), located north of the Dead Sea. 

During their search of the area, police discovered 10 handguns buried in a bag near the bridge. 

Police transferred the suspects to the Judea and Samaria District’s police headquarters for further questioning.

The incident follows an infiltration alert in the Jordan Valley region on Monday night. In response to the suspected infiltration, the IDF set up blockades in the area to locate any suspects.

View of the Israel–Jordan border along the Yarmouk River in the Golan Heights, March 16, 2026. (credit: AYAL MARGOLIN/FLASH90)

Israel’s border with Jordan vulnerable to terror infiltration, weapons smuggling

In July, N12 News reported that despite the ongoing construction of a new border security fence between Israel and Jordan, local residents are fearful that a Jordanian attack could face little in the way of defenses.

Central Arava Regional Council Head Meir Tzur pointed out the vulnerability presented by the current wire-fence setup.

“There’s nothing behind it,” he explained to N12. “There’s no problem crossing this twisted fence either. Here, for example, it’s completely open. There are no indicative measures on the fence. Any citizen can cross; they don’t even have to jump because it’s torn down.”

The border was also seldom patrolled by IDF forces, Tzus stated. “You can just walk into Jordan.”

“We really want the Israeli army to be stationed on the border line, and not just with remote technology,” he added. “We are afraid of this technology. Every Israeli knows that what starts with a small breach may eventually lead to a failure. A fence alone or technology is not the absolute solution.”

From across the border, a steady stream of illegal entrants and smuggled goods has flowed into Israel over the years, local residents stated, including illegal weapons.

One military source told N12 that the IDF catches around 50% of the smuggled weapons and goods. “If they succeed in smuggling weapons, they can also succeed in smuggling a terrorist.”

Tzvi Jasper contributed to this report.

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Activists from the ‘Israel Envelope’ organization, together with residents of Gaza border communities, demonstrated near Amitai Camp adjacent to the Kerem Shalom Crossing on Tuesday, demanding that the entry of the International Stabilization Force (ISF) tasked with governing and managing the Gaza Strip be halted.

The protesters, some of whom were present in their communities during the October 7 massacre, asserted that only an Israeli security force can prevent a similar attack from occurring again.

“These forces [ISF] must not enter the strip. Allowing this is, once again, abandoning the local border residents,” said Shosh Moshe from Moshav Yesha, who was in her community on the day of the massacre. “Only the IDF can protect us,” she emphasized.

In addition to concerns about the presence of the ISF, residents expressed alarm over the return of kites launched from the Gaza Strip that landed in Israel last week, raising fears of future Hamas attacks on border communities.

“We will not allow others to protect us, while Hamas is celebrating the response to the kites inside the Strip,” one protester remarked, explaining the motivation behind the demonstration.

A view shows a sign as trucks carrying aid (not pictured) wait at the Israeli side of the Kerem Shalom border crossing to southern Gaza, October 20, 2025. (credit: REUTERS/HANNAH MCKAY)

The protest took place shortly after ISF vehicles began moving toward the crossing. Police officers and IDF soldiers established a security presence at the site, and ISF trucks returning after unloading at the Kerem Shalom Crossing were instructed to slow down to prevent harm to the protesters who temporarily blocked the road.

‘Stop Hamas’s rehabilitation’

The demonstrators carried Israeli flags and signs that read: “Stop Hamas’s rehabilitation, ensure the security of residents in the South,” “The roadmap is dangerous for Israel,” and “Stop the entry of foreign forces into the Strip,” among others.

“We are expressing the will of the people,” one of the protesters said, adding. “Hamas must not be allowed to control the Strip, and the defense of the area must not be abandoned into their hands.” 

“Every day, 600 supply trucks pass through here, and Hamas profits from them within a week, with direct funding going to terrorism. If we do not stop these aid trucks, this assistance to terrorism will continue,” Yishai Spaz, a field director for the “Security for the Gaza Envelope” movement, stated.

“We will not allow Hamas to rebuild itself at our expense,” he added.

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The US Supreme Court on Monday lifted a judicial decision blocking President Donald Trump’s administration from implementing his executive order to restrict the use of mail-in ballots ahead of the November midterm elections that will decide ‌control of Congress – though another remains.

The justices granted a Justice Department emergency request to put on hold an injunction that Boston-based US Judge Indira Talwani’s imposed in June preventing the Republican president from proceeding with his directive in a coalition of 23 mostly Democratic-governed states and Washington, DC that had sued to stop it.

The court has a 6-3 conservative majority. The three liberal justices dissented from the decision.

The Supreme Court’s action leaves open the door to the states suing again in the coming months as the midterm contest approaches.

The court did not act, however, on another injunction issued by Talwani on August 11 that blocked the U.S. Postal Service nationwide from enforcing the directive’s tighter rules for voting by mail. The judge issued that order in a separate lawsuit filed by several voting-rights groups.

 A woman in polling station, voting in a booth with US flag in background (credit: SHUTTERSTOCK)

The Justice Department had urged the Supreme Court to make clear that its action applied to both of Talwani’s injunctions, but the justices did not do so on Monday.

Both lawsuits had challenged Trump’s order as unconstitutional.

Trump’s March executive order

Trump’s executive order, issued in March, directed the Department of Homeland Security to compile and ​transmit to the states a list of US citizens eligible to vote in each state, and the Justice Department to prioritize investigating and prosecuting state and local election ​officials who issue ballots to people deemed “not eligible” to vote in federal elections.

It also required the US Postal Service to ​deliver ballots only to voters on ⁠each state’s approved mail-in ballot list. The Postal Service recently moved to implement Trump’s directive.

Trump has vowed to end the use of mail-in ballots nationwide before the midterms, and has long cast doubt on the security of such ballots, although evidence of voter fraud is rare.

Republicans are seeking to retain control of Congress in the hotly contested midterms. Restricting mail-in ballots would stand to disproportionately benefit Republicans given that Democratic voters traditionally have been more likely to use mail-in ballots than Republican voters.

Justice Department deemed Trump lacked authority

In June, Talwani ruled that the president lacked the authority to order changes in how states administer federal elections, noting that under the US Constitution, states have the role of determining voter-eligibility requirements. The judge also noted that federal agencies lack the ability to compile accurate citizen lists for each state.

The Justice Department had said the lawsuit challenging Trump’s directive was premature and that the states did not have the required legal standing at this stage to sue. The agencies have not yet taken any concrete actions that impact the states and so any harm they allege is speculative, the administration said.

The states contend that their claims are not hypothetical and that the administration’s “rushed effort to change the rules of mail voting on the eve of the November midterms risks disenfranchising a substantial number of voters.”

The judge rejected the administration’s arguments, finding that the suit was not filed too soon and that the states had legal standing because they would face election administration disruption, compliance costs and a credible threat of criminal prosecution.

Trump’s executive order is part of his wider efforts to make fundamental changes in US elections. Trump, who has made false claims of widespread fraud in US elections including his 2020 loss to Democrat Joe Biden, has pressed the Republican-controlled Congress to pass a contentious package of voting restrictions called the SAVE America Act.

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The debate over artificial intelligence and monetary policy is already well under way. Federal Reserve Chair Kevin Warsh and others have rightly emphasized that AI could raise productivity and productive capacity even as the investment boom puts pressure on resources before those benefits arrive. That timing problem is real. But it risks obscuring a more immediate challenge: AI is also creating a large and rapidly evolving financing ecosystem whose leverage, exposures and vulnerabilities are much less well understood.

Morgan Stanley projects nearly $3 trillion of global AI-related infrastructure investment through 2028, with an estimated $1.5 trillion external financing gap. This investment is already absorbing construction, semiconductors, electricity and skilled labor. In the near term that can raise resource utilization and prices. Over time, automation, organizational change and new capital should raise potential output and reduce unit costs.

The mistake would be to treat every sign of pressure from this buildout as an inflation problem requiring higher interest rates. Monetary policy does not merely restrain demand; it can also affect the investment and innovation that determine future supply. Patrick Moran and Albert Queralto showed in a 2018 Journal of Monetary Economics paper that when innovation and technology adoption are endogenous, monetary policy changes firms’ incentives to develop and implement new technologies and can therefore affect future productivity.

The 1990s provide the more compelling historical counterfactual. By the mid-1990s unemployment had fallen below what policymakers then regarded as its natural rate, and pressure was building inside the Fed to tighten. Chairman Alan Greenspan instead entertained the possibility that the models were wrong—that faster productivity growth had raised the economy’s speed limit—and largely resisted further rate increases. Unemployment continued to fall while inflation remained subdued.

The question worth asking today is: How much of the 1990s productivity boom would America have missed if the Fed had continued tightening until the economy conformed to its models? We can never know. That is precisely the problem. Inflation caused by excessive accommodation eventually appears in the data. Productivity lost because investment and innovation never occurred does not. With AI, moreover, the damage could be permanent. Data centers, power capacity, human capital, financing expertise and the businesses that form around them create cumulative advantages. If that investment occurs elsewhere, lowering U.S. rates several years later does not necessarily bring it back. Missing a significant part of the AI investment cycle could leave lasting scars on American productivity and competitiveness.

Focusing on inflation also misses the other half of the AI boom: its rapidly changing financial architecture. Traditional monetary-policy models give financial variables remarkably little independent weight. Standard frameworks focus on inflation and employment or the output gap, with financial conditions mattering largely insofar as they forecast those variables. In recent work with Sergey Sarkisyan, we show that credit spreads contain policy-relevant information about financing distortions and firms’ cost of capital that inflation and the output gap miss.

This reflects a peculiar drift in the Fed’s mandate. The Federal Reserve was created to protect financial stability after recurrent banking panics. Yet its original purpose has become secondary as inflation and employment have come to dominate its models and policy debate. Financial stability belongs alongside price stability and employment at the heart of the Fed’s mandate—and at times should take precedence over both. Leverage, funding fragility and severe distortions in capital allocation can do far more lasting economic damage than modest deviations of inflation or employment from target.

AI makes this particularly consequential. The Fed needs a much better understanding of how the investment is being financed: the growing role of private markets, increasingly complex links among borrowers and intermediaries, and where leverage, maturity risk and ultimate exposures actually reside. It needs better data and better models of how losses could propagate if expected revenues disappoint or today’s expensive computing capital becomes obsolete faster than anticipated.

That calls for a different allocation of intellectual resources. Since 2008, the Fed has invested heavily in understanding banks, housing and mortgages. That expertise remains valuable. But the next financial vulnerability is unlikely to resemble the last one. Private markets and new funding structures deserve comparable analytical depth. A central bank exceptionally well equipped to understand the last crisis is not necessarily well equipped to anticipate the next one.

That is the lesson from 2008. The central failure was not simply an incorrectly set federal-funds rate. Policymakers failed to appreciate the leverage, complexity and interconnectedness of a rapidly changing mortgage-finance system until the consequences became systemic. AI is not subprime mortgages, and predicting another financial crisis would be unwarranted. But the institutional lesson is clear: when financial innovation is moving faster than our models, understanding where risk is accumulating must be a central concern of the Fed. Higher interest rates are no substitute for understanding the problem.

Indeed, reflexive tightening could produce the worst of both worlds. If the emerging vulnerability is financial rather than inflationary, higher rates could expose leverage we do not fully understand while simultaneously raising the cost of the productive investment necessary for AI to generate its expected gains. The result could be a financial vulnerability the Fed failed to understand combined with something much harder to repair: a lasting loss of U.S. technological leadership as investment, expertise and complementary infrastructure develop elsewhere.

None of this is an argument for easy money. Persistent inflation will certainly require a monetary-policy response, and central bankers have no business choosing which AI projects deserve funding. The task is to match instruments to problems and restore financial stability to its proper place in the Fed’s framework, without unnecessarily impairing the capital formation on which America’s long-run competitiveness may depend.

The Fed spent the past few years relearning the dangers of underestimating inflation. The challenge now is not to allow complexity and financial innovation to leave policymakers blindsided. Inflation eventually announces itself. Financial vulnerabilities can remain hidden until they become crises. Missing productivity is harder still to detect—and potentially permanent.

The risk we should not underestimate is eroding America’s AI advantage before its full productivity gains arrive.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

This story was originally featured on Fortune.com

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The US State Department implemented sanctions against Iranian military activities, cyber threats, and illicit oil trade, according to a statement from US State Department Spokesperson Tommy Pigott on Monday evening.

“Today, the United States took sweeping action against multiple entities, individuals, and vessels enabling the Iranian regime’s destabilizing activities,” Pigott said.

“The measures target Iranian military officials responsible for procuring weapons and directing attacks against US servicemembers and regional partners, Iran-based entities that gathered intelligence for targeting US forces and allies, and a procurement ring supplying Iran’s military and missile programs,” he added.

“The US will continue to disrupt, expose, and dismantle Iran’s military and proliferation activities, procurement schemes, malicious cyber operations, and illicit oil trade that sustains the regime’s malign behavior.”

Sanctions target groups for supporting Iranian military actions

The sanctions targeted two Iran-based groups that were involved in procuring images used to attacks US forces and bases located across the Middle East.

 Model of petrol pump is seen in front of US and Iran flag colors in this illustration. (credit: REUTERS/DADO RUVIC/ILLUSTRATION)

DadeNegar Startup Studio and the Iranian Islamic Revolutionary Guard Corps Cyber-Electronic Command (IRGC-CEC) were named in the sanctions package.

DadeNegar was sanctioned for supporting the “targeting of US and partner facilities in the Middle East for the Iranian military during Operation Epic Fury.” The State Department said DadeNegar used commercial Chinese satellite imagery to support Iran’s military in its efforts to target and damage US forces and bases in the region.

The IRGC-CEC was sanctioned due to obtaining information about US forces and bases that was used to support Iran’s targeting of US assets during the conflict.

Both groups were designated “for having engaged, or attempted to engage, in any activity that materially contributes to, or poses a risk of materially contributing to, the proliferation of arms or related materiel or items intended for military end-uses or military end-users, including any efforts to manufacture, acquire, possess, develop, transport, transfer, or use such items, by the Government of Iran.”

Individuals also sanctioned by US State Department

Monday’s announcement also targeted seven individuals responsible for directing the use of conventional weapons against US forces.

Sanctions targeted members of Iran’s Supreme National Council, several commanders of various military branches of the IRGC, the country’s deputy defense minister, and the spokesperson for Iran’s Defense Ministry.

Former Secretary of Iran’s Supreme National Security Council Mohammad Bagher Zolghadr, was targeted for having “an active role advocating for Iran’s continued support of its so-called Axis of Resistance.”

Zolghadr “was designated by the UN Security Council in Annex I of UN Security Council resolution (UNSCR) 1747 (2007), reimposed on September 27, 2025, in response to Iran’s ‘significant non-performance’ of its nuclear commitments,” the statement added.

Ahmad Vahidi, Commander-in-Chief of the IRGC, and Ali Abdollahi, Commander of the Khatam al-Anbiya Central Headquarters, the Iranian government branch responsible for wartime operations were sanctioned for their roles in driving military decisions made by Iran during Operation Epic Fury. 

Sanctions also targeted Commander of the IRGC Aerospace Force Sayyid Hossein Mousavi Eftekhari, and Amir Hatami, Commander Iran’s conventional military. Both were sanctioned due to their responsibility for Iran’s ballistic missile and drone programs.

Deputy Defense Minister for Industrial and Research Affairs Seyyed Mahdi Farahi was sanctioned by the US for “directing the procurement of arms and related materiel and has demonstrated in-depth knowledge of various missile systems, including those that Iran has reportedly used against US forces and allies.”

Reza Talaei-Nik, spokesperson for Iran’s main defense ministry body was sanctioned for “engaging in activity that materially contributes to the supply, sale, or transfer, directly or indirectly, to or from Iran, or for the use in or benefit of Iran, of arms or related materiel, including spare parts.”

US sanctions also target fuel exports, shadow fleet

The Department of State also sanctioned companies that “engaged in the illicit trade of Iranian petroleum and petrochemical products, activities that have generated millions of dollars in revenue for the Iranian regime,” the statement said.

“These Iranian petroleum, petroleum products, and petrochemical cargos,” the statement added, “are frequently transported by shadow fleet operators, including vessel management companies that regularly engage in dark activity and other deceptive shipping practices, endangering other vessels and trade flows.”

Sanctions targeted both Iranian and international companies that facilitated the trade of petroleum and petrochemical products with Iran.

Implications of the sanctions

The sanctions coming following US Treasury Secretary Scott Bessent’s announcement of the start of Operation Economic Outcast and the implementation of an “economic D-Day” against Iran.

Monday’s sanctions mark the start of US action aimed “to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” said Bessent.

“We are no longer managing the Iranian threat,” he emphasized. “We are ending it.”

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From September 1, Luxembourg will no longer approve sale of Israel Bonds, and it remains unclear if Israel will be able to continue issuing them in the EU.

According to an official statement from Luxembourg’s financial authority, which is a major EU and euro zone financial center, it will stop approving the prospectuses required by EU law to offer Israel Bonds, which are aimed primarily at Diaspora Jews and pro-Israel Jewish organizations. Israel Bonds raising in the EU represents a minority of Israeli Bonds issued, but were used to raise more than $2.5 billion in 2025, and a similar amount in 2024, according to the Ministry of Finance.

Luxembourg replaced Ireland

Luxembourg’s announcement is an embarrassment for Israel, as the country was only chosen a year ago by the Ministry of Finance to replace Ireland, where sweeping criticism of Israel’s policy in Gaza and the administered territories led to unprecedented pressure on the central bank to stop approving prospectuses.

As of September 1, 2026, it is unclear which of the 27 EU member countries will approve prospectuses that allow debt to be raised through these non-marketable government bonds. The Central Bank of Ireland told the country’s media that it had not received a request from Israel to re-approve prospectuses, as of last week.

According to EU law, a member state of the EU is required to approve a prospectus for any issuance of non-marketable bonds by a country outside of it. Until the UK’s withdrawal from the EU in 2020, the UK was responsible for this in the Israeli context, and London was the financial center where the bonds received the required legal approval.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration) (credit: HADAR YOUAVIAN/FLASH90)

After Brexit, the underwriting process moved to Ireland. But following the Hamas massacres of October 7, 2023, and the war in Gaza, public opinion in Ireland — and the political system — became hostile towards Israel.

Over the past three years, successive Irish governments have called for the suspension of preferential trade relations between Israel and the EU, for sanctions on Israel, for the prosecution of senior Israeli officials on suspicion of involvement in the “genocide” in Gaza, and for the reduction of financial and trade ties between Ireland and Israel. In December 2024, Israel closed its embassy in Dublin.

Following the criticism of Israel, public pressure and media and political debate arose over Ireland’s involvement in approving prospectuses for raising debt in the form of bonds, and claims that this aids the “Israeli war machine” and raises “fear of involvement in war crimes in Gaza.”

Various parties demanded that the central bank stop the approvals, and Israel announced — in an attempt to preempt the blow — that it was transferring the approval of the prospectuses to Luxembourg. The decision was made in August 2025 by the then-Accountant General Yali Rothenberg. “Globes” was told at the time that this was not a crisis, and “if anything — this is an opportunity,” due to Luxembourg’s centrality as a global financial center in issuing bonds.

But Luxembourg was and remains one of the most critical countries of Israel in the EU. The decision to approve Israel Bonds there sparked criticism, but at the time Luxembourg’s financial authority announced that it “saw no reason” to reject the Irish-Israeli request to carry out the prospectuses for the State of Israel. However, now, a year later, and after public and political pressure on the issue, the authority has announced in recent weeks that it refuses to continue with this arrangement for another year. Luxembourg shared the Irish and Spanish position regarding the suspension of free trade agreements with Israel and is promoting maximum pressure on Israel through sanctions.

The technical reasoning

The reasoning given by the Luxembourg financial regulator was not political, but technical. It announced that, according to its interpretation of EU law, it could not grant a request to replace another country (Ireland) with the approval of the prospectuses year after year, because this would be “contrary to EU rules”.

However, when the “Luxembourg Times” contacted the EU regulator (ESMA) on the matter, the regulator stated, “There is no obstacle to accepting such a request year after year”.

The Luxembourg financial regulator subsequently told the newspaper that it disagreed with the position and that “such transfers are intended to be exceptional and should only be accepted in limited circumstances, in particular if the receiving national competent authority has a better understanding of the specificity of the financial product to be issued, or if the issuer already has a strong presence in the national market of the receiving national authority.

In any case, Luxembourg’s decision has been presented as final. It will only be responsible for approving prospectuses until August 31, and not one day later.

Who will help Israel?

It is unclear who will be the EU financial authority that will help Israel after this date. Will it be Ireland, which Israel left while criticizing its “anti-Israel” policy? The Irish media reports that the central bank has not received any such request from Israel, as required, by last week. Will the parties resort to legal proceedings that would oblige Luxembourg to grant the Irish-Israeli request? Or will Israel perhaps turn to a third, friendlier country, which would become the “home country” for future Israel Bonds approvals, or will it be forced to abandon the EU channel altogether.

Amnesty International has welcomed Luxembourg’s decision and called on all EU countries to join in refusing to approve prospectuses.

The Ministry of Finance says, “Debt management policy is based on a wide range of funding channels in local and international markets, in a variety of currencies and for different periods. As has been proven since the beginning of the war, the Accountant General’s department is prepared and knows how to fully finance all government activities and needs, while relying on a deep and liquid local market and excellent accessibility to global markets. “The extensive debt raising of over NIS 700 billion since the outbreak of the war reflects the strong expression of confidence by investors in Israel and around the world in the stability and strength of the Israeli economy.”

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For the past couple of years, Magdeleine Bradford-Butcher has been living on the cutting edge of science. When prenatal testing showed the baby she was carrying had cystic fibrosis, her doctor put her on Trikafta — a relatively new treatment aimed at preventing severe complications from the genetic disease after birth.

Trikafta and other advances have dramatically changed the outlook for children with CF, but she was taken aback when, as she recalls, one of the physicians told her after the delivery, “With all of the new developments, your daughter has a very good chance of outliving you.” It was a glimmer of optimism amid a scary diagnosis. “Nobody had said that to me before, and that was incredible,” she said. “That’s something I treasure.”

So when she heard about a pending White House regulation that would open federal science funding to more political intervention, she was concerned. With the encouragement of the Cystic Fibrosis Foundation and a favorite science influencer, Jessica Knurick, she decided to submit a public comment on the proposal describing how she had benefited from research funding. 

“Seeing how quickly they could revoke grants when that was so crucial to so much research was very disturbing. So that’s the basis of why I commented,” she said in an interview. She worried that the proposed wholesale rewrite of laws undergirding all federal contracts, including research grants, could affect work on other children’s diseases, but also a study her daughter was involved in, examining the outcomes of children who had been given Trikafta in utero. “I was really worried about whether or not that project could get cut for any arbitrary reason.” 

What happened next was unusual, according to legal experts, and mysterious. Soon after Bradford-Butcher’s comment was publicly posted on the federal government’s regulations.gov website, it was taken down without explanation by the White House Office of Management and Budget. 

Continue to STAT+ to read the full story…

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My aunt recently died of stage 4 breast cancer. She was diagnosed in April at the age of 78 and passed just three weeks later. She had been living in a long-term care facility since 2020. At the time, she was admitted with a sore on the bottom of her foot and arthritis so bad that she could hardly walk. Her cancer was discovered incidentally six years later while at the hospital for a urinary tract infection.

She told my mom after the diagnosis that she had a lump but never sought medical attention. She had not been screened for breast cancer since entering the facility, and after she learned of her diagnosis, she blamed herself for not being screened and promptly gave up on living, according to my mom.

Read the rest…

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In late September 2024, patients noticed a nurse at Adventist Health in Bakersfield, Calif., was acting strangely.

The nurse was walking barefoot through the intensive care unit, talking to herself and acting abrasively toward others. Family members of patients noticed the nurse sloppily taking out IV needles but were afraid to confront her. “I know she was on something because you can tell,” one family member told federal investigators after the incident.

Another patient in the post-anesthesiology recovery unit treated by the same nurse was in excruciating pain under her care. “I was white knuckling it,” he said. “You’re not dying,” the nurse replied when the patient expressed his pain. He thought he was being given fentanyl and morphine, but the IV drip didn’t seem to help.

That’s because the nurse, hired through a travel nursing agency several weeks before the incident, was taking the medications from a secured cabinet in the wing and using them herself, while documenting that they had been administered to patients, according to investigators from the Centers for Medicare and Medicaid Services tasked with investigating a complaint about the incident in November 2024.

The incident didn’t happen out of the blue. Hospital managers ignored alerts from a machine learning software that tracks when staff might be stealing drugs, auditors found.

Hospitals are major repositories of addictive substances that can also be crucial medical treatments. Occasionally, employees steal those drugs and are under the influence while caring for patients. While new technologies are helping to identify theft and connect individuals with substance abuse resources, incidents like the one at Adventist show artificial intelligence isn’t foolproof.

Continue to STAT+ to read the full story…

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BANGOR, Maine — Last year, Republicans set American health care on a new path: They slashed $1 trillion from expected Medicaid funding over the next decade and allowed tens of billions of dollars in annual insurance subsidies to expire.

The full impacts of those changes won’t be felt for years, but many parts of the health care system are already racing to prepare. The scramble is most intense where the cuts are projected to land the hardest: rural states. In dozens of interviews from Louisiana to Maine to Washington, D.C., providers laid out the changes, and difficult choices, they’re making.

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Anthropic co-founder and CEO Dario Amodei believes AI carries big potential risks, and he keeps talking about them. He also has tried to position Anthropic as the AI company most committed to building AI safely. But that might be part of the problem.

He told Fortune previously, “AI safety continues to be the highest-level focus,” and that safety-first positioning is what’s given corporate buyers assurance its models are less risky than those from other competitors.

He and sister Daniela even split from OpenAI in 2021 due in part to differences over its approach to safety. He has also raised concerns about autonomous weapons and AI surveillance with the Pentagon.

Still, the public remains deeply skeptical. A recent Gallup survey found that nearly half of adults under 30 now believe AI does more harm than good, up sharply from the year before, and that trust in businesses’ use of AI has fallen after two years of gains. Pew‘s 2026 numbers are even worse: most Americans say AI is advancing too fast, and only a small minority expect its impact over the next two decades to be net positive. A Quinnipiac poll found that more than three-quarters of Americans say they trust AI only rarely or sometimes, even as use keeps climbing.

In a lengthy X post recently, Amodei—who rarely goes on social media so the post in itself was unusual—said he’s written one major essay on AI’s risks and one on its benefits. He wrote that negative public perceptions of AI were not due to his, or any other AI CEO’s, comments about AI risks, but rather because the AI industry had not yet delivered enough of the positive benefits it has claimed AI can bring, such as curing human diseases. 

But while Amodei is trying to reassure the public about AI, he keeps associating Anthropic with “safety” in a regard that implies the whole AI industry is unsafe. 

Amodei is falling into a trap PR agencies have known for decades: the problem of association.

The airline industry’s rebuke

The airline industry learned long ago to never associate itself with the word “safety” in marketing material. While it didn’t vanish from air travel, it moved out of advertising and into mandatory in-flight briefings, which airlines have spent years turning into short films and songs rather than solemn warnings. 

That’s because even a legally required safety demonstration reads better as entertainment than as a reminder. Safety simply leaves people with a bad taste; it’s not something people want to think about before a flight. 

Historian Richard Popp’s research on airline advertising found that by the 1930s, carriers already operated under a set of unwritten rules meant to keep any hint of danger out of the picture entirely: no ads showing mountains, night flying, large bodies of water, or maintenance work, because each risked evoking the possibility of a crash before anyone said a word about safety.

Despite the taboo, Pan Am spent the 1980s running its own reassurance campaign amid a wave of hijacking and bombing threats against transatlantic flights, insisting on its own safety and security even as the threats mounted. 

Then in December 1988, a bomb brought down Pan Am Flight 103 over Lockerbie, Scotland, killing 270 people. Aviation security expert Glen Winn said that disaster is what finally convinced the whole industry to retire the word “safe” for good.

What Dario can learn

The airline industry discovered that stating a fear about yourself is worse than saying nothing, because the word does the same work against you. Linguist George Lakoff’s 2004 book Don’t Think of an Elephant put that theory to work: telling someone not to think of an elephant requires them to picture the elephant first, and the instruction to stop thinking about it does nothing to make the image go away. 

When Amodei created a Responsible Scaling Policy modeled on biosafety tiers and put out public warnings about AI risk and job losses, it worked on one audience that’s primarily made up of engineers, safety researchers, enterprise buyers, and investors who see Anthropic’s concerns for “catastrophic risk” as diligence. 

But arguably, they were the audience that would always trust Anthropic’s motives, so the danger imagery didn’t attach to the company the same way it might have elsewhere. Now, Amodei’s approach of directly addressing concerns may be pushing the users of AI against it.

When Anthropic ran a television ad called “There’s hope in hard questions,” it opened on a burning house, cut to a crowd being scanned by facial recognition, a person sleeping on a city street, and rows of tombstones in an image that resembled a national cemetery, all under a voiceover asking things like “Can AI be trusted?” 

After he first saw it, OpenAI CEO Sam Altman said “i thought this was satire” and mistook it for a parody. To a general audience, what stuck in their mind is not the idea that Anthropic is the only AI company willing to grapple honestly with AI’s biggest risks, but rather the idea that all AI companies, including Anthropic were ushering in a dystopian future. 

That’s the lesson airlines learned about selling safety. And it’s one that the AI industry may need to relearn today.

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The newest Harvard Business School professor never sleeps, can hear the same pitch 50 times and technically isn’t an instructor at all.

The school is now putting AI versions of its faculty to work in a $699 online startup bootcamp, where aspiring founders can rehearse investor pitches, sales calls, and board meetings—all with AI clones of Harvard instructors. They can even test their pitches with an AI avatar repeatedly before a real meeting.

The eight-week program is part of HBS Foundry, which Harvard describes as an “AI-native digital workspace” for entrepreneurs. The startup bootcamp is equipped with “personalized AI mentorship modeled on Harvard Business School faculty” alongside live sessions with experts, culminating with an opportunity to pitch to investors for $100,000. So far, 760 founders have participated in the bootcamp, according to a Harvard spokesperson.

“The idea for the AI experiences came from founders themselves, who wanted opportunities to practice and be challenged before getting in front of mentors and investors, so those conversations could be even more meaningful,” Kat Rings, Foundry’s director, told Fortune. 

The “clones” include seven HBS professors and senior lecturers with backgrounds spanning venture capital, business-model design, board dynamics and startup strategy. Their participation was voluntary, with the program having dedicated interviews and recording sessions, testing and ongoing faculty feedback as part of the process.

“The goal isn’t to create a substitute for me,” Shikhar Ghosh, one of the cloned HBS professors , told Fortune. “It’s to give founders another way to prepare and challenge their thinking, so that when we do come together live, we can spend more of that valuable time on the questions where human judgment and conversation matter most.”

Notably, Foundry’s startup bootcamp is not an HBS degree program nor for academic credit, but rather, a way to “extend entrepreneurial support to high-potential founders wherever they are, including people who may never study at Harvard or have access to the networks and resources of a major innovation ecosystem,” the Harvard spokesperson told Fortune.

The experiment falls into the growing dichotomy of how AI is addressed and used on campus. On one hand, professors have complained about students cheating on exams using AI, with Brown University’s Robert Serrano, for example, urging universities to stamp out AI-enabled cheating. On the other hand, some universities are using AI to scale otherwise scarce faculty time into a digital product. Imperial Business School has already created digital twins of professors, while Georgia Tech has deployed AI teaching assistant Jill Watson across large online classes. 

Trend of universities playing with AI chatbots in education

Harvard is not the first school to experiment with turning a professor into software. Last year, Georgia Tech professor David Joyner had created an AI avatar of himself, dubbed “DAI-vid,” for an online generative AI course on edX, an open online course provider founded by Harvard and MIT. The avatar was modeled on Joyner’s appearance and voice and was framed as part of a broader effort to democratize online learning.

“Much like online courses have made lectures from top universities broadly available, AI has the potential to go a step further and make not just a professor’s knowledge, but some version of their perspective and judgment, available at scale,” Lindsay Tanne Howe, whose company LogicPrep helps students get into top schools, told Fortune. “But what it can’t replicate is everything that happens between people.”

Kian Katanforoosh, a Stanford lecturer and founder of AI skills platform Workera, told Fortune that AI “can replicate many of the things professors do repeatedly” like answering unlimited questions and explaining concepts in different ways, but can’t truly know a student or be there for them.

“What AI cannot fully replicate is knowing a student as a person,” Katanforoosh said, explaining that a professor can recognize potential, inspire a student and make an introduction based on years of human interaction.“AI can simulate some of these behaviors, but today it cannot put its own reputation at stake or genuinely care what happens next.”

Scaling faculty through AI also creates a potentially awkward question for universities: At what point does efficiency begin to undermine what students believe they are paying for? College students already object to professors outsourcing lesson planning and grading to AI, as Fortune previously reported, and while AI is part of Harvard’s Foundry proposition and not going on behind the scenes, it could raise a similar tension.

“It can’t necessarily replicate the experience of an elite education,” Howe said. 

Joyner, who’s now Georgia Tech’s interim Vice Provost for AI in Education, told Fortune that Harvard’s startup bootcamp’s price tag–relatively inexpensive compared to the business school’s annual tuition of over $84,000–is part of the push to make higher education more available, but stressed that the role of the professors themselves is “key” to making AI avatars. 

“Faculty using AI to expand the number of students that they can reach and the quality of the instruction they give can have an enormous positive effect,” Joyner told Fortune over email. “But if companies or universities try to build these tools out of existing content without strong collaboration with the person being represented, there’s no way to really know if the experience is representing the faculty themselves.”

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Jamie Dimon is well-known for his historic career as CEO of JPMorgan, the world’s largest bank, and for his hot takes on the economy, work culture, and geopolitics. Less well known are his philanthropic efforts with his wife through their organization, The James and Judith K. Dimon Foundation. 

The foundation, which was established in 1996, doesn’t even have its own website, but according to ProPublica data, the private charitable organization donates millions of dollars each year to support education and economic mobility for young people. Its most recent 990-PF form (the annual tax and information document for private foundations) shows that in 2024 the organization paid out more than $9 million across organizations mostly focused on public schools and career advancement. 

On Aug. 20, United Negro College Fund (UNCF) announced The James and Judith K. Dimon Foundation had donated $12 million to 12 historically Black colleges and universities. The gift establishes The Dimon Fund to Advance Economic Opportunity, and is part of UNCF’s $1.5 billion capital campaign. It’ll provide permanent endowment capital to the selected schools as part of their $5 million institutional match from UNCF’s pooled endowment fund. 

“Our system of HBCUs continue to serve as the springboard to success for thousands of students in pursuit of the American Dream,” Jamie and Judith Dimon said in a joint statement. “As the children of first-generation high school and college graduates, we were imbued with a thirst for knowledge and a drive to succeed—principles that we have passed on to our own children and that we wish to share with all the students at the selected HBCUs.”

What HBCUs are receiving funding from the Dimons?

The selected HBCUs for this round of donations include: 

  • Benedict College (Columbia, S.C.)
  • Dillard University (New Orleans) 
  • Edward Waters University (Jacksonville, Fla.)
  • Huston-Tillotson University (Austin)
  • Jarvis Christian University (Hawkins, Texas)
  • Johnson C. Smith University (Charlotte) 
  • Miles College (Fairfield, Ala.)
  • Oakwood University (Huntsville, Ala.)
  • Shaw University (Raleigh, N.C.)
  • Stillman College (Tuscaloosa, Ala.)
  • Tuskegee University (Tuskegee, Ala.)
  • Voorhees University (Denmark, S.C)

UNCF said the 12 schools were selected for their leadership and their records preparing teachers, nurses, and other healthcare professionals, which are the high-demand fields where HBCUs punch above their weight for first-generation students. 

Rather than funding a single program, the donation from the Dimons flows into permanent endowments, which UNCF argues gives schools the freedom to plan for decades instead of scrambling to find donations year to year. 

The approach matches the Dimons’ broader philanthropy. Judy Dimon, the foundation’s president, oversees grantmaking focused on career-connected learning for New York City public school students, and the foundation helped launch FutureReadyNYC, an initiative aiming to give 100,000 students hands-on career experience by 2030. Jamie Dimon also previously sat on UNCF’s board.

Billionaire philanthropists stepping in where the Trump administration pulls back

The gift lands as the Trump administration has pulled back funding for public institutions and other HBCUs. Other billionaire philanthropists like MacKenzie Scott have stepped in to fill that gap: She’s given more than $700 million to more than a dozen HBCUs and affiliated organizations.

Federal support has grown shakier. During the 43-day government shutdown that began Oct. 1, 2025, the Department of Education stopped issuing new grants and furloughed roughly 95% of staff who don’t work on federal student aid. That left programs like the HBCU Capital Financing Program in limbo even as the department announced in September a $495 million increase for HBCUs and tribally controlled colleges and universities for FY 2025.

But some higher education experts doubted its sincerity. 

“If [the Trump administration] actually…cared about HBCUs and tribal colleges, then you would not see such a big attack on other sectors of higher education,” Mike Hoa Nguyen, an associate professor of education at UCLA, told The American Prospect in October 2025.

The shutdown ended Nov. 12, but the reprieve looks temporary. Days after the government reopened, the department signed agreements handing billions in grant programs to other federal agencies. That’s seen as essentially a move in the Trump administration’s stated goal of dissolving the Education Department.

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A farmhouse in the Marche hills doesn’t look like the front line of a fight against four of the world’s biggest agrochemical companies. But that’s what it became on Aug. 7, when a five-year-old Italian farming network gathered there to teach people how to save, trade, and pass down seeds no company can patent. And the stakes are high: Farmers can be sued for replanting patented seeds.

The event came together in less than a month and sold out in a week after a single Facebook post drew more than 1,600 sign-ons in days. It pointed to a growing pain point for farmers: Bayer, Corteva, Syngenta, and BASF now control 56% of the world’s commercial seed market and 61% of its pesticide market, with Bayer alone holding 23% of global seeds. Economists typically flag 40% combined share among a sector’s top four firms as the point where market distortions start, and 60% as the threshold that draws heightened antitrust scrutiny. The entire farming industry already sits at or above that line.

The Rete per l’Agricoltura Naturale, or RAN, calls its project the Casa Diffusa dei Semi, or Distributed Seed House: a network of growers who save, reproduce, and share seeds free of patents and genetic modification, built as an alternative to the corporate seed system. Antonio Lo Fiego, an agronomist and technical director at Arcoiris Sementi Bio, led the first workshop, on selecting, gathering, and preserving vegetable seeds, run on a gift-economy model with no fee to join. RAN says it plans to run the workshop again in future seasons, alongside the rest of a 2026 calendar that’s been selling out within days of opening.

Over half of the world’s seed supply are controlled by four firms.
Antonio Masiello/Getty Images

How four firms ended up owning the world’s seeds

Thanks to a small number of mergers that reshaped the industry within a decade, more than half of the world’s seed supply now sits within just four companies’ hands. Dow and DuPont combined their agricultural divisions into Corteva, while China National Chemical Corporation bought Syngenta, then merged it with Sinochem’s farm assets. Bayer paid $63 billion for Monsanto in 2018, hoping to become a bigger player in seeds and genetically modified crops just as its two biggest rivals were consolidating around it. It later dropped the Monsanto name and folded it into its own brand. And BASF, which didn’t have a major seed business of its own, bought a package of Bayer’s seed and pesticide assets, including canola, soybean, and vegetable seed lines, that regulators had forced Bayer to sell off to win approval for the Monsanto deal in the first place.

The same four firms now sell both the seeds farmers plant and the pesticides those seeds are bred to work with. Monsanto’s then-CEO framed the coming wave of mergers around selling farmers seeds, chemicals, and data as a single package, rather than as products farmers could mix and match. Bayer has since agreed to pay more than $12 billion to settle tens of thousands of U.S. lawsuits tied to Roundup, and days after major farm groups backed Bayer in a Supreme Court case over Roundup cancer claims, Bayer’s Monsanto subsidiary asked Washington for tariffs on a glyphosate ingredient, a move those same groups said would raise costs for farmers.

The concentration runs deeper at the crop level: In the U.S., Corteva controls 38.3% of corn seed and Bayer 33.3%. Cotton is the most concentrated of all: Four firms control 93.6% of U.S. cotton seed, with Bayer alone at 38.4%. Bayer and BASF together hold patents covering 90% of trait acres across corn, soybeans, and cotton.

Farmers can be sued for replanting patented seeds

Patents on seed traits let a company restrict who can grow a variety and can require farmers to buy new seed each season rather than saving and replanting their own harvest. Traditional plant variety rights, the older system for protecting new crop varieties, still let farmers save seed from their own harvest for personal use. Utility patents, the stronger protection now expanding into gene-edited crops, don’t carry that exemption; a farmer who replants patented seed without a license can be sued, regardless of whether they bought the seed or grew it themselves.

RAN and its predecessor (the older Rete Semi Rurali) both ground their work in Article 9 of the FAO’s International Treaty on Plant Genetic Resources for Food and Agriculture, which recognizes farmers’ rights to save, use, exchange, and sell farm-saved seed. The FAO estimates roughly 75% of crop genetic diversity has been lost over the past century as uniform, commercially bred varieties displaced local ones.

Italy’s agriculture is already showing what that narrowed resilience looks like under stress. Extreme heat this year can cut milk production at Italian dairy farms by as much as 10%, and pushed grape harvests in Lombardy’s Franciacorta region to their earliest start on record.

“Taking this path represents a danger for farmers and peasant seeds, as well as for the environment and consumers,” said Stefano Mori, coordinator of Centro Internazionale Crocevia, an Italian organization that has worked for more than three decades on food sovereignty, farmers’ rights, and biodiversity protection.

“Covered by industrial patents, NGTs and the products derived from them could accelerate the already worrying concentration of the seed market and contaminate non-cultivated fields with biotech varieties,” he continued, “amounting to a genuine misappropriation of peasant biodiversity and undermining the very survival of organic farming.”

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The artificial intelligence boom is driving unprecedented demand for data centers, raising concerns about their growing energy consumption, water use and carbon footprint. These challenges are making companies look beyond traditional land-based data centers.

Some developers are now exploring the ocean as a new location for AI infrastructure in the hopes that underwater data centers could improve energy use and cooling efficiency while using less fresh water and land area than onshore buildings.

My research focuses on the societal, organizational and environmental implications of emerging technologies, particularly artificial intelligence and the digital infrastructure – including data centers – that supports its development and deployment. I see underwater data centers as a promising new approach for supporting the growth of AI.

But moving servers into the ocean does not make other underlying environmental challenges such as energy consumption and carbon emissions disappear. And it creates new concerns about harm to the marine environment, as well as questions about how these data centers can be regulated – and how companies can maintain and expand them if needed. Whether underwater data centers can become sustainable alternatives to traditional data centers depends on solving these economic, technical and environmental problems.

A large yellow cylinder surrounded by scaffolding sits on a platform next to a body of water.

An underwater data center is under construction in a Chinese shipyard in September 2025. CN-STR / AFP via Getty Images

The rise of ocean-based AI infrastructure

In 2015, Microsoft launched a research project to explore the feasibility, benefits and challenges of underwater data centers. Part of that effort included setting up a waterproof data center on the seafloor near Scotland’s Orkney Islands in 2018. It contained 864 servers and was connected to shore by an underwater cable.

After two years, Microsoft reported that the servers in the underwater data center failed at about one-eighth the rate of servers in comparable land-based data centers. The company is still studying the possible reasons but hypothesizes that in a sealed underwater environment the equipment is less exposed to oxygen, humidity and temperature fluctuations – as well as less jostling from people working to replace broken components.

However, Microsoft ended the project in 2024 and chose not to build more underwater data centers. The company didn’t say why, but others’ analyses suggest the reasons could include regulatory concerns, including the need for environmental permits, as well as a desire for faster upgrades and replacements for the computer equipment inside.

Instead the company has focused on land-based data centers, which can be larger and easier to expand, and also easier to access to repair or replace equipment.

Others have moved ahead, though. China built what may be the world’s first wind-powered underwater data center in Shanghai. The facility launched in June 2025 and began full commercial operations in May 2026.

The US$226 million project uses seawater as a coolant rather than have to refrigerate fresh water, reducing the electricity required to cool the computers. It uses at least 30% less electricity than traditional data centers, and offshore wind turbines reduce reliance on fossil fuels and cut the data center’s carbon emissions.

Japan is testing a different approach: Data centers housed in containers on floating platforms at sea can use seawater for cooling, have unobstructed conditions for solar panels and wind turbines, and reduce demand for land. In 2025, a data center in shipping containers opened on a floating platform near Yokohama. Its power comes from solar panels installed on the same floating platform, with batteries providing energy storage. The test will continue through March 2027.

Singapore is also moving toward commercial-scale floating data centers. In 2026, infrastructure company Keppel began building a four-story floating data center, scheduled to open in 2028. The project will use seawater for cooling, reducing reliance on treated water and improving cooling efficiency. And the fact that it floats means it won’t take up any of Singapore’s limited land availability.

In 2025, Ulsan, South Korea, began planning an underwater data center that could house more than 100,000 servers and use 30% less power than land-based centers by using seawater for cooling.

In Maine, DeepGreen Western Passage has proposed a submersible AI data center in the Bay of Fundy, powered by tidal turbines designed to harness the area’s strong tidal currents.

Land-based data centers could also take advantage of seawater cooling. In Portugal, the SIN01 AI data center in Sines uses seawater from the Atlantic to cool its servers before returning it to the ocean.

A diagram shows a floating barge tethered to a pier, with shipping containers, solar panels and a helipad.

An artist’s depiction of a floating data center in Yokohama, Japan. Yokohama City Government via Japan News

The promise of ocean-based data centers

These various approaches offer ways to reduce demand for grid-supplied electricity for powering data centers’ computers and cooling equipment, as well as using less fresh water.

The distance from people’s homes could also be an advantage for data centers in or on the ocean. A Gallup poll in March 2026 found that 70% of Americans oppose building AI data centers in their communities. However, more than half of the world’s population lives within 120 miles of a coast. Underwater could be another way to keep data centers physically close to users for speedy service.

Maintenance, though, is a major challenge. If a computer fails underwater, it cannot be repaired or replaced on site. The entire sealed data center module may need to be brought to the surface, even if just one computer needs work.

A view of an industrial room with metal boxes in rows on the floor and pipes and tubes running overhead.

Land-based data centers are easier to maintain and expand than floating or underwater data centers. Yasuyoshi Chiba / AFP via Getty Images

Can the ocean sustain AI?

The main environmental concern about ocean-based data centers involves the seawater used for cooling. Discharging warm or hot water can potentially affect oxygen levels, pH and marine life in the surrounding waters.

That heat is already apparent at the few seaborne data centers now operating. HiCloud, the engineering contractor for China’s Hainan underwater data center, has reported a temperature increase of less than 1 degree Celsius (1.8 degrees Fahrenheit) in the seawater near the facility. SIN01 in Sines, Portugal, also returns seawater about 1 C warmer.

Many marine species depend on stable water temperatures for breeding, feeding and migration, raising concerns that heat released by multiple underwater data centers could create localized thermal pollution and alter marine ecosystems. And the ocean is already under pressure. UNESCO, the United Nations agency for international cooperation, including in conservation, estimates that about 60% of marine ecosystems are already degraded or used unsustainably.

The ocean is already warming along with the atmosphere, without additional waste heat from data centers. That additional heat is already threatening coral reef and mangrove ecosystems, seagrasses and other aspects of the marine food web. As that warming continues, ocean waters will be less useful for cooling electronic equipment in some regions.

Underwater data centers could help AI grow while easing some of the pressure on land, energy and water. But the real test is whether the ocean can become AI’s next computing frontier without becoming its next environmental problem.

Nir Kshetri, Professor of Management, University of North Carolina – Greensboro

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

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From September 1, Luxembourg will no longer approve sale of Israel Bonds, and it remains unclear if Israel will be able to continue issuing them in the EU.

According to an official statement from Luxembourg’s financial authority, which is a major EU and euro zone financial center, it will stop approving the prospectuses required by EU law to offer Israel Bonds, which are aimed primarily at Diaspora Jews and pro-Israel Jewish organizations. Israel Bonds raising in the EU represents a minority of Israeli Bonds issued, but were used to raise more than $2.5 billion in 2025, and a similar amount in 2024, according to the Ministry of Finance.

Luxembourg replaced Ireland

Luxembourg’s announcement is an embarrassment for Israel, as the country was only chosen a year ago by the Ministry of Finance to replace Ireland, where sweeping criticism of Israel’s policy in Gaza and the administered territories led to unprecedented pressure on the central bank to stop approving prospectuses.

As of September 1, 2026, it is unclear which of the 27 EU member countries will approve prospectuses that allow debt to be raised through these non-marketable government bonds. The Central Bank of Ireland told the country’s media that it had not received a request from Israel to re-approve prospectuses, as of last week.

According to EU law, a member state of the EU is required to approve a prospectus for any issuance of non-marketable bonds by a country outside of it. Until the UK’s withdrawal from the EU in 2020, the UK was responsible for this in the Israeli context, and London was the financial center where the bonds received the required legal approval.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration) (credit: HADAR YOUAVIAN/FLASH90)

After Brexit, the underwriting process moved to Ireland. But following the Hamas massacres of October 7, 2023, and the war in Gaza, public opinion in Ireland — and the political system — became hostile towards Israel.

Over the past three years, successive Irish governments have called for the suspension of preferential trade relations between Israel and the EU, for sanctions on Israel, for the prosecution of senior Israeli officials on suspicion of involvement in the “genocide” in Gaza, and for the reduction of financial and trade ties between Ireland and Israel. In December 2024, Israel closed its embassy in Dublin.

Following the criticism of Israel, public pressure and media and political debate arose over Ireland’s involvement in approving prospectuses for raising debt in the form of bonds, and claims that this aids the “Israeli war machine” and raises “fear of involvement in war crimes in Gaza.”

Various parties demanded that the central bank stop the approvals, and Israel announced — in an attempt to preempt the blow — that it was transferring the approval of the prospectuses to Luxembourg. The decision was made in August 2025 by the then-Accountant General Yali Rothenberg. “Globes” was told at the time that this was not a crisis, and “if anything — this is an opportunity,” due to Luxembourg’s centrality as a global financial center in issuing bonds.

But Luxembourg was and remains one of the most critical countries of Israel in the EU. The decision to approve Israel Bonds there sparked criticism, but at the time Luxembourg’s financial authority announced that it “saw no reason” to reject the Irish-Israeli request to carry out the prospectuses for the State of Israel. However, now, a year later, and after public and political pressure on the issue, the authority has announced in recent weeks that it refuses to continue with this arrangement for another year. Luxembourg shared the Irish and Spanish position regarding the suspension of free trade agreements with Israel and is promoting maximum pressure on Israel through sanctions.

The technical reasoning

The reasoning given by the Luxembourg financial regulator was not political, but technical. It announced that, according to its interpretation of EU law, it could not grant a request to replace another country (Ireland) with the approval of the prospectuses year after year, because this would be “contrary to EU rules”.

However, when the “Luxembourg Times” contacted the EU regulator (ESMA) on the matter, the regulator stated, “There is no obstacle to accepting such a request year after year”.

The Luxembourg financial regulator subsequently told the newspaper that it disagreed with the position and that “such transfers are intended to be exceptional and should only be accepted in limited circumstances, in particular if the receiving national competent authority has a better understanding of the specificity of the financial product to be issued, or if the issuer already has a strong presence in the national market of the receiving national authority.

In any case, Luxembourg’s decision has been presented as final. It will only be responsible for approving prospectuses until August 31, and not one day later.

Who will help Israel?

It is unclear who will be the EU financial authority that will help Israel after this date. Will it be Ireland, which Israel left while criticizing its “anti-Israel” policy? The Irish media reports that the central bank has not received any such request from Israel, as required, by last week. Will the parties resort to legal proceedings that would oblige Luxembourg to grant the Irish-Israeli request? Or will Israel perhaps turn to a third, friendlier country, which would become the “home country” for future Israel Bonds approvals, or will it be forced to abandon the EU channel altogether.

Amnesty International has welcomed Luxembourg’s decision and called on all EU countries to join in refusing to approve prospectuses.

The Ministry of Finance says, “Debt management policy is based on a wide range of funding channels in local and international markets, in a variety of currencies and for different periods. As has been proven since the beginning of the war, the Accountant General’s department is prepared and knows how to fully finance all government activities and needs, while relying on a deep and liquid local market and excellent accessibility to global markets. “The extensive debt raising of over NIS 700 billion since the outbreak of the war reflects the strong expression of confidence by investors in Israel and around the world in the stability and strength of the Israeli economy.”

The global satellite market, both civilian and military, is growing, and with it the fear of threats. Due to this, US Space Command commander General Stephen Whiting recently told a conference in Alabama that the development of anti-satellite weapons is high on the US list of priorities.

According to him, such means, some of which are expected to be based on satellites of various types, are essential for deterring enemies and dealing with attacks.

Space warfare weapons are expected to threaten satellites, and thus could also damage photography, communication, or any technology that is fundamentally dependent on space. Plans may also be uncovered to diversify the missile threats from space to Earth.

In Israel, the public was told about the field when Defense Minister Israel Katz said earlier this year that Israel aspires to be “one of the three leading countries in the world in the field of space offense,” but those who have long been in the space arms race are the superpowers: the US, Russia, and China.

Elon Musk’s SpaceX, for example, celebrated an impressive milestone last Friday, crossing the 11,000-satellite mark in space, far more than any other space operator. Starlink’s gap with the rest of the market is so large that, for comparison’s sake, OneWeb is in second place with “only” 650 satellites.

Satellite in Space. (credit: SHUTTERSTOCK)

Air defense, space missiles, closely related fields

In general, the field of air defense and missiles in space, both inside and outside the atmosphere, are intertwined, as seen by Israel Aerospace Industries (IAI) Arrow 3 system, which intercepts ballistic missiles outside the atmosphere. At the same time, there is concern that powers like Russia will use their nuclear weapons capabilities to place them in space, and that the development of the laser field will soon also be used outside against satellites. There is also the option of disruptions using space, as the average Israeli is familiar with from navigation applications like Waze during wartime. These fall into two categories: jamming, which blocks communication between an operator and an app, and spoofing, which disrupts satellite navigation signals.

Another player that has made no secret of efforts over the past 20 years to advance in the field is China, which concerns the US even more. Concerns about the Chinese are similar to those about the Russians on a professional level, but in terms of scale, China is many times more threatening than Moscow. While there are about 11,600 US satellites in space, there are more than 1,000 Chinese satellites – much more than Russia, which operates about 220, or Israel, which has 25, according to “Orbital Radar.”

US President Donald Trump’s executive order last year, designed to ensure US supremacy in space, devoted an entire chapter to space security and defense, including developing and demonstrating a prototype missile defense system by 2028 and examining the deployment of nuclear weapons in space.

Data from the Stockholm International Peace Research Institute (SIPRI) shows that the US currently possesses about 3,700 nuclear warheads, compared with Russia, which possesses 4,400. China has about 620, much more than the European powers France (290) and Britain (225).

US claims Russia, China developing space-based weaponry, including nuclear

The threat of nuclear weapons and lasers placed on satellites in space sounds like something out of Star Wars, but US public statements illustrate how much of a threat is just around the corner, whether in the allegation by the US administration two years ago that Russia is developing anti-satellite nuclear weapons, or in official statements from the US on China.

The threats from space will only increase with the growth of the global satellite market, which Fortune estimated at $20.59 billion in 2025. In their view, the market is expected to grow to $23.17 billion this year, and at an average annual growth rate of 12.53%, it will reach $59.58 billion by 2034.

Israel is participating in that growth, launching two satellites in July and September 2025: Dror 1 and Ofek 19. The first, launched with the help of SpaceX’s Falcon 9, is Israel’s national communications satellite and is designed to provide an advanced communications solution for the State of Israel, including in the field of security. The second launch was a surveillance satellite to strengthen Israel’s capability in the Middle East.

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North Macedonia has made strengthening relations with Israel a priority of its foreign policy and is seeking to expand cooperation in areas ranging from defense and investment to tourism and water management, Foreign Minister Timčo Mucunski told The Jerusalem Post during his first official visit to Israel.

Mucunski spoke to the Post in Jerusalem on Monday following talks with Foreign Minister Gideon Sa’ar, during a short visit focused heavily on expanding bilateral ties.

“We have had a very strong relationship with Israel, but also myself with Gideon, over the last few years,” Mucunski said. “I think that this visit is an opportunity to move the bilateral relationship to the next step, to move from a place where we’re at right now, which is excellent bilateral relations, to having that relationship develop into various different areas of mutual importance.”

During their meeting, Sa’ar and Mucunski signed two cooperation agreements and discussed expanding ties in agriculture, water management, security, innovation, tourism, health, and education.

Expanding, investing in defense ties

Mucunski told the Post that the two sides also discussed cooperation between their defense industries, increasing investment and restoring direct air links between Israel and Macedonia.

North Macedonia's Foreign Minister Timčo Mucunski met with Foreign Minister Gideon Sa'ar during a 24-hour diplomatic visit to Israel, focused on expanding bilateral ties.  (credit: SHLOMI AMSALEM/GPO)

“One of the first things that we talked about is if we can work together to establish a direct flight between Tel Aviv and Skopje, or Tel Aviv and Ohrid, which is our main tourist center and a city that I believe that every Israeli would love to visit at some point,” he said.

The two ministers also signed agreements focusing on education, culture, and sports, while tasking their teams with looking at further opportunities in water management, agriculture, investment, and defense.

Mucunski described a direct flight as an important first step toward increasing the movement of people and businesses between the countries.

“We would love to have more and more tourists from Israel visiting Skopje, visiting Ohrid, but as well as the entirety of our country,” he said.

The visit comes amid a noticeable increase in high-level contacts between Israel and North Macedonia – Skopje Mayor Orce Gjiogjievski visited for the MUNI EXPO in June, and MP Rashela Mizarahi led a parliamentary delegation from the Balkan nation in January. Mucunski said the trend reflects a deliberate policy adopted by the government of Prime Minister Hristijan Mickoski.

Mickoski believes in stronger collaboration with Israel

“Prime Minister Mickoski himself believes that stronger collaboration with Israel is a necessity for our country to also be successful,” he said. “There are many things that we can learn from you. There are many common values that we share, both domestically and internationally.

“Since the formation of our government, we have made the bilateral relationship with Israel one of the priorities of our foreign policy,” he added.

Mucunski said he and Sa’ar communicate “on a fairly regular basis” and have remained in frequent contact despite Monday marking his first visit to the country.

Sa’ar, meanwhile, thanked North Macedonia for standing alongside Israel in international forums, particularly since the October 7 massacre.

“North Macedonia has demonstrated its friendship by standing up to these attempts in the international arena,” Sa’ar said. “We appreciate its voting record and its support for Israel. Israel values its friends who stand by it in difficult times.”

For Mucunski, one example of the relationship came following the deadly nightclub fire in Kočani in March 2025, which left 63 people dead, when Israel dispatched a medical delegation to Macedonia to help treat victims.

“Gideon Sa’ar was one of the first foreign ministers to call me,” Mucunski recalled. “I might not remember the content of the call, but I remember what happened very quickly after.”

A team of Israeli doctors arrived shortly afterward and began working alongside Macedonian medical teams, he said.

“They were performing surgery in our hospitals and helping our doctors with their experience and their in-depth knowledge, and helping to save the lives of many young individuals,” Mucunski said. “This situation was proof that Israel stands by my country.”

A European gateway for Israelis 

Mucunski said North Macedonia now hopes to position itself as a destination not only for Israeli tourists but also for Israeli companies seeking access to European markets.

“We want to be a gateway for Israelis who want to visit Europe,” he said. “But we want to be a gateway not just for tourists, but also for Israeli businesses.”

He pointed to Macedonia’s position along two major European transport corridors, investment in energy connectivity, and its efforts to attract foreign investment.

“We can also be a gateway for Israelis who want to invest in a European market that hasn’t been fully utilized by the Israeli business community,” Mucunski said.

Monday’s visit lasted only around 24 hours, but Mucunski said he expected it to be the first of more visits to Israel.

“This is my first visit,” he said, “but I am absolutely sure that it will not be my last.”

The Jerusalem Post will publish a longer, in-depth interview with Foreign Minister Timčo Mucunski later this week.

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The Philippines plans to expand its unmanned capabilities, including through the development and acquisition of drones as part of efforts to modernize its military, its defense chief said on Tuesday.

US defense ally the Philippines also plans to acquire additional guided-missile corvettes and other major defense assets to beef up its external defense capabilities, Defense Secretary Gilberto Teodoro told a budget hearing in the lower house of Congress.

The Philippines has shifted its security focus from internal threats to external security as tensions rise with Beijing in the South China Sea, where confrontations between them over disputed features inside Manila’s exclusive economic zone have grown in frequency in recent years.

The armed forces currently operate a fleet of unmanned aerial vehicles that provide intelligence, surveillance and reconnaissance, Teodoro said.

“As we mature on the cycle, then we can acquire more,” Teodoro said in pitching to lawmakers a 6.3% increase in the defense ministry’s budget for 2027, from the 305.5 billion pesos ($4.95 billion) spending plan approved for this year.

Philippine troops take part in a counter landing live fire exercise at a beach as part of US-Philippines joint military exercises on May 03, 2025 in Aparri, Cagayan province, Philippines. (credit: Ezra Acayan/Getty Images)

Drone expansion is part of a proposed 50 billion pesos ($810.4 million) allocation for the Philippines’ modernization program next year, 25% higher than that of the current budget.

Philippines seeking integration for drones

The priority was also developing the systems, connectivity, and operational know-how needed to use drones effectively, Teodoro added.

“More than the personnel, it is the integration into the operation, what do you do with them and how do you use them,” he said. Developing secure communications and network capabilities was crucial, he added.

Teodoro declined to identify specific systems under consideration, saying the details were classified and highly sensitive.

“They are very, very sensitive to compromise, particularly with AI,” he said, adding that the Philippines was in close contact with several countries with expertise in drone technology.

Yuliia Fediv, Ukraine’s ambassador to the Philippines, told Reuters in June that Kyiv has been in discussions with Manila over drone technology cooperation.

In June, the United States said it has given the Philippine military four solar-powered sea drones to boost its maritime surveillance.

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CEOs have warned that AI will wipe out white-collar and entry-level jobs, but demand for the tools is already creating new opportunities. America’s energy sector is thriving during the world’s latest tech transformation—but there aren’t enough workers to meet the demand. 

The U.S. power and grid value chain will need around 500,000 additional workers by 2030, according to a recent report from Goldman Sachs. And seeing as these roles often require three to four years of training, it creates a years-long skilling obstacle in training up a workforce to meet growing demands. 

The energy apprenticeship pipeline only had 45,000 entrants in 2024, but really needs 65,000 professionals flowing in yearly to close the labor supply gap. And increasing demand for AI—which necessitates an even greater pool of power—could widen the gap even further. 

“Power is a critical bottleneck—but increasingly, the requisite labor presents a structural constraint of its own,” the report explains. “The technical workforce that constructs, wires, cools, and secures this infrastructure is in acute demand, and training cannot happen at the pace capital is being committed.”

America’s energy sector employed roughly 8.5 million workers as of 2024, who took home a median wage of $58,810 a year, according to the U.S. Department of Energy. However, there are more lucrative career opportunities on the table, like traditional fuel production paying an average salary of $65,400, or power plant operators, who take home around $103,600 annually. Plus, energy jobs often don’t require a costly college degree—specialized training and on-the-job experience are king.

But autonomous equipment and human-like robots might have to step in to help lighten the load if worker supply can’t keep up.

Around 1.4 million humanoid robots will hit the market by 2035

The image of robotic arms, drones, and autonomous vehicles taking over factory floors may be jarring to many workers. But Goldman Sachs points out that an increased interest in physical AI like humanoid robots “is centered on the need for labor.” 

So long as people can’t fulfill demands, tech is another tool to help bridge the productivity gap. 

America’s manufacturing sector has a higher number of available jobs than available workers, the study finds, with more than one million materials-handling roles sitting unfilled. And techy companions may be one way to alleviate the shortage. 

Goldman’s investment research projects that the market for humanoids will grow from 20,000 in 2025 to 1.4 million in 2035—a 6,900% increase within the span of a decade. Some Chinese AI developers like Unitree and UBTECH are making headway with the robots, with widespread commercial deployment is expected between 2027 and 2029.

Other faceless autonomous equipment have already hit worksites with that strained labor-supply dynamic; take Deere’s field systems and Caterpillar’s mining platforms, as examples. Earlier this year Amazon also unveiled its autonomous mobile warehouse robot, Proteus. And EV giant Tesla has leveraged its own Optimus humanoid robots inside its manufacturing facilities, taking on early factory tasks and assembly line work. 

However, human-like robots with blank faces and steel legs won’t be marching onto assembly lines anytime soon. Building robots and factories takes years, and requires a load of financing. Private equity firms and banks don’t have much historical financial data to confidently invest in these projects, and companies are still figuring out how to use humanoids at large scale. 

Robot fleets are a few years away—but China’s energy sector is already deploying them

Humanoid robots have yet to take on a sizable amount of America’s blue-collar work, but experts say that the tech is on the up-and-up. Zornitza Todorova, head of thematic FICC research at Barclays, predicts that today’s humanoid market of around $3 billion will swell to $200 billion by 2035. Nvidia CEO Jensen Huang also believes in the potential of humanoid workers, but believes that the true unlock is still years away. 

“I think we are at the cusp of a transformation, we’re just scratching the surface of what humanoid robots can do,” Todorova told CNBC earlier this year, “And as the technology matures, as the models get better and faster at reacting to things in real time, I think we’ll see a lot of applications in more services-oriented roles.”

Meanwhile, China already seems to be racing ahead of the U.S.; the country has deployed robots across several jobs in the energy sector. 

In 2022, a robot completed the work of a maintenance professional by repairing power lines in the Wuhan province; and over at a power facility in Guangzhou, humanoid helpers have already taken over inspection duties usually completed by workers. 

Earlier this year, China announced a $1 billion initiative through the State Grid Corporation of China to get around 8,500 AI-powered robots for national power grid inspection and maintenance.

This story was originally featured on Fortune.com

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A farmhouse in the Marche hills doesn’t look like the front line of a fight against four of the world’s biggest agrochemical companies. But that’s what it became on Aug. 7, when a five-year-old Italian farming network gathered there to teach people how to save, trade, and pass down seeds no company can patent. And the stakes are high: Farmers can be sued for replanting patented seeds.

The event came together in less than a month and sold out in a week after a single Facebook post drew more than 1,600 sign-ons in days. It pointed to a growing pain point for farmers: Bayer, Corteva, Syngenta, and BASF now control 56% of the world’s commercial seed market and 61% of its pesticide market, with Bayer alone holding 23% of global seeds. Economists typically flag 40% combined share among a sector’s top four firms as the point where market distortions start, and 60% as the threshold that draws heightened antitrust scrutiny. The entire farming industry already sits at or above that line.

The Rete per l’Agricoltura Naturale, or RAN, calls its project the Casa Diffusa dei Semi, or Distributed Seed House: a network of growers who save, reproduce, and share seeds free of patents and genetic modification, built as an alternative to the corporate seed system. Antonio Lo Fiego, an agronomist and technical director at Arcoiris Sementi Bio, led the first workshop, on selecting, gathering, and preserving vegetable seeds, run on a gift-economy model with no fee to join. RAN says it plans to run the workshop again in future seasons, alongside the rest of a 2026 calendar that’s been selling out within days of opening.

Over half of the world’s seed supply are controlled by four firms.
Antonio Masiello/Getty Images

How four firms ended up owning the world’s seeds

Thanks to a small number of mergers that reshaped the industry within a decade, more than half of the world’s seed supply now sits within just four companies’ hands. Dow and DuPont combined their agricultural divisions into Corteva, while China National Chemical Corporation bought Syngenta, then merged it with Sinochem’s farm assets. Bayer paid $63 billion for Monsanto in 2018, hoping to become a bigger player in seeds and genetically modified crops just as its two biggest rivals were consolidating around it. It later dropped the Monsanto name and folded it into its own brand. And BASF, which didn’t have a major seed business of its own, bought a package of Bayer’s seed and pesticide assets, including canola, soybean, and vegetable seed lines, that regulators had forced Bayer to sell off to win approval for the Monsanto deal in the first place.

The same four firms now sell both the seeds farmers plant and the pesticides those seeds are bred to work with. Monsanto’s then-CEO framed the coming wave of mergers around selling farmers seeds, chemicals, and data as a single package, rather than as products farmers could mix and match. Bayer has since agreed to pay more than $12 billion to settle tens of thousands of U.S. lawsuits tied to Roundup, and days after major farm groups backed Bayer in a Supreme Court case over Roundup cancer claims, Bayer’s Monsanto subsidiary asked Washington for tariffs on a glyphosate ingredient, a move those same groups said would raise costs for farmers.

The concentration runs deeper at the crop level: In the U.S., Corteva controls 38.3% of corn seed and Bayer 33.3%. Cotton is the most concentrated of all: Four firms control 93.6% of U.S. cotton seed, with Bayer alone at 38.4%. Bayer and BASF together hold patents covering 90% of trait acres across corn, soybeans, and cotton.

Farmers can be sued for replanting patented seeds

Patents on seed traits let a company restrict who can grow a variety and can require farmers to buy new seed each season rather than saving and replanting their own harvest. Traditional plant variety rights, the older system for protecting new crop varieties, still let farmers save seed from their own harvest for personal use. Utility patents, the stronger protection now expanding into gene-edited crops, don’t carry that exemption; a farmer who replants patented seed without a license can be sued, regardless of whether they bought the seed or grew it themselves.

RAN and its predecessor (the older Rete Semi Rurali) both ground their work in Article 9 of the FAO’s International Treaty on Plant Genetic Resources for Food and Agriculture, which recognizes farmers’ rights to save, use, exchange, and sell farm-saved seed. The FAO estimates roughly 75% of crop genetic diversity has been lost over the past century as uniform, commercially bred varieties displaced local ones.

Italy’s agriculture is already showing what that narrowed resilience looks like under stress. Extreme heat this year can cut milk production at Italian dairy farms by as much as 10%, and pushed grape harvests in Lombardy’s Franciacorta region to their earliest start on record.

“Taking this path represents a danger for farmers and peasant seeds, as well as for the environment and consumers,” said Stefano Mori, coordinator of Centro Internazionale Crocevia, an Italian organization that has worked for more than three decades on food sovereignty, farmers’ rights, and biodiversity protection.

“Covered by industrial patents, NGTs and the products derived from them could accelerate the already worrying concentration of the seed market and contaminate non-cultivated fields with biotech varieties,” he continued, “amounting to a genuine misappropriation of peasant biodiversity and undermining the very survival of organic farming.”

This story was originally featured on Fortune.com

It wasn’t just Gen Z and young millennials sneaking out of work and secretly taking some time off over the summer months. Bosses have been at it too. 

New research has found that productivity really does dip over the peak summer months—and that’s because workers, from the front line to corporate management, are ditching their desks to enjoy the warm weather. 

The software company PDFFly surveyed 2000 managers and senior managers and found that while 85% of managers suspect their employees are making fake excuses to grab extra time off in the summer, half of management are doing exactly that themselves.

And the fake excuses are almost identical whether you’re an entry-level worker or the boss. 

Managers say they think their employees are pretending their Wi-Fi is down, pulling a bogus dental or doctor’s appointment, or even a “sick” day, just to grab extra time off. 

Yet when asked about the excuses they’re using to shut their laptops and enjoy a day out in the sunshine, managers admitted they’re guilty of fake “sick” days, followed by an exaggerated family obligation, a fake appointment, or a fake tech issue. Shockingly, nearly 10% aren’t even making up excuses, opting instead to log on and do no work.

Ultimately, it doesn’t really matter who is at it. But the bottom line is being impacted: Six in 10 managers have admitted output drops in summer—18% say “significantly,” 42% say “slightly,” and 37% say that they see more than a 10% dip in productivity. In fact, a third say it’s gotten so bad that the company lost a client or missed a deal.

4 in 10 millennials take a quiet vacation—others are taking paid medical leave

Managers aren’t the only ones getting creative to take more time off. 

Nearly 4 in 10 millennials admit to “quiet vacationing”—secretly taking time off and going on holiday without ever telling their boss. They bring their work phone to the beach and check in every so often just to avoid getting caught. A separate study from Resume Builder found that 43% of quiet vacationers sneak off for up to three days at a time, while a quarter take the entire week off. 

Others have taken things even further, using medical leave to get up to 12 weeks off, job-protected and, for some, even paid.

While some are boasting about abusing the system for bonus PTO days, many are struggling—one TikToker said taking that time off to work on her mental health, without the risk of being terminated, was “life-saving.”

Meanwhile, the researchers behind the “quiet vacationing” study said the trend isn’t laziness, but anxiety: two in five workers admitted they’re scared that asking for time off will hurt their standing at work. 

In both cases—medical leave and secret vacations—a common thread runs beneath the mischief: people aren’t sneaking off because the work’s too easy. They’re sneaking off because they don’t feel safe asking for a break honestly.

This story was originally featured on Fortune.com

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San Francisco 49ers owner Jed York pleaded no contest to reduced charges in Ohio on Monday after reaching an agreement with prosecutors following his Sunday arrest on suspicion of engaging in prostitution.

In a plea deal entered Monday, prosecutors amended the original charge to misdemeanor disorderly conduct and possessing criminal tools. According to reports, the criminal tool in York’s possession was believed to be a cell phone used to reply to a prostitution advertisement.

York, 46, was arrested in East Palestine. Court documents indicate agents for the Mahoning Valley Human Trafficking Task Force intercepted communication in which York responded to a prostitution website.

 A general view of the San Francisco 49ers logo prior to the 2025 NFL Draft at Lambeau Field on April 23, 2025 in Green Bay, Wisconsin (credit: Perry Knotts/Getty Images)

York received one day in jail, fine after his no-contest plea

York, like other NFL owners, is subject to the league’s personal conduct policy. The NFL had not commented on the matter as of Monday afternoon.

As part of the reduced charges, York was sentenced to one day in the Columbiana County Jail for each count.

He was credited with time served on Sunday and paid a fine of $1,150, according to court records.

York, a native of Youngstown, Ohio, has been CEO of the 49ers since December 2008 and the team’s principal owner since 2024.

York also partially owns the UK’s Leeds United Football Club and Rangers Football Club, based in Glasgow, Scotland.

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MK Zvi Sukkot (Religious Zionist Party) confirmed he had destroyed a monument in Kafr Madama near Nablus, after footage circulated on social media and was shared by Israeli outlets on Tuesday morning. 

“Every child who sees every day a giant monument that glorifies murderers of Jews will dream of being a terrorist,” Sukkot said in a post to X/Twitter.

He claimed that he had taken action after appealing to the IDF several times to remove the “terror monuments throughout the area,” and that destroying the monument in the village was”a small taste.”  

“There is no place for support of terror in the State of Israel!” he wrote.

Sukkot can also be seen filming the incident on his personal phone, while someone else struck the monument with a sledgehammer. Israeli forces can be seen guarding the MK and those accompanying him in the footage, with a military vehicle blocking the street.

The IDF confirmed that it had diverted troops from standard operational duties to guard Sukkot and his aides on what he called a ‘memorial tour’ in several villages in Areas A and B in the West Bank.

“Contrary to the coordination, the participants acted deceitfully and manipulatively, without authority and in complete violation of the approved framework, and began demolishing one of the memorials in the village of Madama,” the IDF stated, claiming the soldiers spoke with their commanders after seeing what was happening, and were instructed to intervene and remove the group from the village.

“The IDF views the MK’s conduct and lack of coordination as serious, and as an exploitation of the protection provided by security forces in order to act in complete excess of his authority,” the military added, while emphasizing that the IDF does regularly demolish memorials and symbols of incitement with required approvals and in coordination with the Civil Administration.

The footage shared did not show soldiers intervening. 

The Jerusalem Post reached out to RZP for clarification.

Golan calls for Sukkot’s arrest following incident

“This is a person who should be behind bars and bolts, not in the Knesset of Israel,” The Democrats leader Yair Golan wrote, stating that Sukkot is the reason the IDF was diverted to the West Bank on the eve of the October 7 massacre.

“In the upcoming elections, the Kahanists and messianists must be removed from centers of power, and Israel returned to its track. They want eternal war. We will fight for a secure, democratic, and sane state,” he stated.

MK Gilad Kariv (The Democrats) decried Sukkot’s actions and the IDF’s involvement, stating the military had denied consistent requests to escort him to Kusra, citing a lack of available forces.

“It turns out there are available forces to escort the arsonist to the heart of a Palestinian village,” he wrote. “Just yesterday, it was reported that the Central Command’s commander warned that it would take just one match to ignite the West Bank.  Tzvi Sukkot charges into the role with glee.”

Protest breaks out in Rahat during Sukkot’s visit

About two weeks ago, clashes broke out in Rahat during an official visit by Sukkot to the city as part of an oversight tour by the Knesset committee, accompanied by police and Knesset security personnel.

During the tour, residents shouted insults at Sukkot, including calling him “a complete zero” and asking, “What do you have to teach our children?” He was called a “provocateur” and told, “In Rahat? Go teach yourself.”

The visit was part of a series of oversight tours by the Education Committee across the country, aimed at closely examining the activities of educational institutions, the implementation of committee decisions, and the education system’s handling of challenges including violence, crime, and incitement.

Despite attempts to disrupt and protest the visit, it took place under reinforced security, and Sukkot continued with his planned schedule.

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U.S. futures are lower as bond market pressure will have investors eyeing an annual meeting of top U.S. economic officials at Jackson Hole, Wyoming later in the week.

The future for the S&P 500 was down 0.2%. On Friday, the S&P 500 rose 0.4% for just its second gain in the six days since setting its all-time high last week. Dow Jones Industrial Average futures fell 0.1%, while Nasdaq futures slipped 0.7%.

Investors will get an important inflation update on Wednesday when the U.S. releases its report on personal consumption expenditures, or PCE, for July. It is the Federal Reserve’s preferred measure of inflation. Much like the consumer price index, it has shown that the rate of U.S. consumer inflation remains stubbornly above 3%.

Also on Wednesday, the Commerce Department will issue its second estimate of how the U.S. economy performed in the second quarter of 2026. The government’s first estimate, issued last month, showed that the U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth.

The Fed has been struggling to get inflation back to its target rate of 2%. Inflation has crept higher after the U.S. imposed a wide range of tariffs globally. It has climbed further as the Iran war slowed global oil shipments from the Strait of Hormuz.

Last week, rising bond yields forced the U.S. Treasury Department into an unusual intervention and raised the specter of higher borrowing costs weighing on consumer spending, the lifeblood of the economy. It also sparked concerns that investors balk at financing a seemingly endless flow of government borrowing.

The bond markets got only temporary relief from Treasury Secretary Scott Bessent’s announcement that the government would double its buybacks of longer-term bonds. That was meant to bring down the 10-year Treasury yield and lower mortgages. The 10-year yield rose back to 4.73% Friday, matching its highest point in more than a year. It was at 4.72% on Monday.

The 30-year Treasury yield, which the Fed is also targeting with its bond repurchases, climbed and is near its highest level since 2007.

Higher yields can slow the economy and undercut prices for all kinds of investments.

The bond market has remained jumpy, and investors will be watching for signals from Federal Reserve Gov. Kevin Warsh regarding rates and other policies in a key speech at the annual gathering of U.S. economic leaders in Jackson Hole later this week.

U.S. markets are also starting the week with a focus on technology stocks. Shares of Sandisk dropped 5%, while Corning slid 3% and Coherent fell more than 5%. Micron Technology’s stock slipped 3%.

Oil prices also declined on Monday as Iran’s currency hit a record low as the U.S. prepared to announce new sanctions to try to break the impasse with Iran, adding pressure when its economy is already battered by earlier sanctions and a U.S. naval blockade.

The rial dropped to 2.02 million to the U.S. dollar on informal currency markets. Iran’s official Central Bank rate stood at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.

Uncertainty about when the war with Iran will allow oil tankers to freely exit the Persian Gulf again has roiled markets, causing oil prices to rise and pushing up Treasury yields due to worries over inflation.

The outlook remained murky Monday. The new head of Iran’s top security body warned Sunday that Tehran will see any country’s support for new U.S. economic measures against the Islamic Republic as an “act of war,” while Iran’s president defended a memorandum of understanding with the United States as the best way out of the stalled conflict.

The price for a barrel of Brent crude oil was 1.7% lower at $91.06 on Monday. U.S. benchmark crude fell 2.2% to $85.18 per barrel.

In Europe, Germany’s DAX edged down slightly to 26,133.59, while the CAC 40 in Paris also gave up 0.1%, to 8,480.49. Britain’s FTSE 100 inched up 0.2% to 10,839.52. Asian markets declined.

In other dealings, the U.S. dollar bought 159.23 Japanese yen, up from 158.94 yen late Friday. The euro fell to $1.1665 from $1.1678.

This story was originally featured on Fortune.com

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Canada is set to announce details of retaliatory tariffs against the U.S. on Tuesday after relations between the two countries deteriorated sharply Monday.

U.S. President Donald Trump warned Canadian leaders on Monday to “fall in line” or face consequences “far WORSE” than existing tariffs and Canadian Prime Minister Mark Carney accused the U.S. government of attempting to subordinate Canada.

The U.S. imposed new 50% tariffs on Canadian goods such as wine, furniture and dairy products, while Carney said U.S. trade demands proved Washington wanted to “destroy our major industries,” including autos, steel and aluminum.

The U.S. president also threatened new 50% tariffs said tariffs on Canadian cars, trucks, auto parts and steel would rise to 50% beginning Jan. 1, 2027.

TRUMP SAYS 50% TARIFFS ON CANADIAN VEHICLE, STEEL IMPORTS TO HIT JAN 1

“Without the United States, Canada couldn’t survive — It’s where they get all of their money and, because of their current bad leadership, primarily Governor Carney, and his Flunky, Ford, they will not be allowed to keep taking advantage of the United States — Their key to survival,” Trump wrote on Truth Social, referring to Ontario Premier Doug Ford, who had discussed the tariffs during a Monday afternoon news conference.

“Remember, much of the Electricity, Oil, and Gas that Canada gets is transported through the U.S.A. Someone should get these clowns to ‘fall in line’ or, the consequences for Canada will be far WORSE!” he added.

Carney suggested that Canada was ready to find a solution to the trade war, but only if the U.S. approached the talks as between two sovereign nations.

“An attitude at the negotiation table that Canada is a subsidiary of the United States is not something we are going to accept,” he said.

The forceful words from both sides show how relations have deteriorated since suspended negotiations late Friday, after Canada and the United States blamed one another for the collapse in talks. The U.S. imposed 50% tariffs the following day on about $20 billion worth of Canadian goods.

The prime minister had also said over the weekend that Canada “will match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses.”

CANADA’S CARNEY SAYS US MADE LAST-MINUTE ‘POWER PLAY’ AS TRADE TALKS COLLAPSE; RETALIATORY TARIFFS IN PLACE

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“You’re at war when you get attacked. We got attacked,” Carney said when asked if Canada was engaged in a trade war.

The “dollar for dollar” tariffs on imports of U.S. steel, electronics and other products are expected to take effect on September 8.

Ford, whose Progressive Conservative Party typically opposes Carney’s Liberal Party, said that “everything is on the table” if the trade war continues. He also asserted that Canadians are “in for an economic war,” adding that they “know they’re going to have to sacrifice.”

Reuters contributed to this report.

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Alabama’s attorney general said on Monday the state had opened an investigation into OpenAI after its models hacked technology company Hugging Face last month, raising concerns about how artificial intelligence firms control their powerful systems.

Last week, IPO-bound OpenAI said it would slow the pace of model development while overhauling its research and training systems after company officials were caught unawares when an AI agent being tested hacked Hugging Face.

The agent went on a days-long hacking spree that OpenAI did not notice until well after the threat was contained and the FBI was alerted, Reuters reported.

The investigation comes after a multi-state coalition, including Alabama, sent a letter earlier this month to OpenAI demanding transparency and accountability regarding the incident, Alabama Attorney General Steve Marshall’s office said.

The ChatGPT maker is conducting a thorough review with external advisers after the Hugging Face breach, an OpenAI spokesperson said, adding that the company will share a technical report with relevant government authorities and publish findings once the review is complete.

An illustrative image of a microchip with AI written on it.

The probe seeks to address whether OpenAI‘s “inability or unwillingness to ensure the safety of its products violated Alabama’s consumer protection laws and poses an ongoing risk of substantial harm to the citizens of the state,” Marshall’s office added.

OpenAI asked to desist from testing until it can control its agents

The states demanded in their letter that OpenAI cease and desist from testing activities that led to the hack until “OpenAI shows that it can conduct such activities in a controlled and responsible way.”

“This AI lab leak showed that Alabamians’ and Americans’ worst fears about artificial intelligence are not just theoretical,” Marshall said.

Similar incidents at rivals Anthropic and Meta have fanned concerns about how developers can control increasingly capable AI systems, and intensified US government efforts to improve AI safety as companies race to develop more capable models.

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Ben-Gurion Airport management had known for months about the employee shortage, which led to the recent severe disruptions earlier this month, Attorney Naomi Landau, who represents the Israel Airports Authority (IAA) employees’ union, said on the 103FM program Where’s the Money on Monday.

At the beginning of the discussion, Yael Ayalon, editor of Where’s the Money, addressed how the disruptions began and the Histadrut labor federation’s involvement.

According to her, “this time, these labor disruptions were initiated by or coordinated between the workers’ union and employees on the ground. The Histadrut discovered the dispute and the chaos only after it had already started. Although it gave formal support to the move, even in the official statement by the Histadrut chairman that same day, during the first hours of the chaos, it was stated that no such instruction or directive had been issued by the Histadrut for a strike or labor dispute.”

Ayalon also addressed the lack of an official labor dispute declaration, saying that, “The Histadrut chairman was abroad; the Histadrut was on recess. The chairman of the transportation workers’ union was also abroad. That does not prevent them from intervening, but the most significant point is that despite the Histadrut speaking out about the manpower shortage, it did not declare the issue a labor dispute. Essentially, the workers’ union had limited abilities from the outset, and it could not legally launch a strike, which is what happened in practice.”

Later, Attorney Landau joined the conversation and sought to demonstrate that the manpower shortage at Ben-Gurion Airport had been known for months. She quoted remarks made by Pinchas Idan last May, when he said, “I don’t know how we will get through August; we need another 400 workers. I say with full responsibility, there will probably be lines in the coming period. Management is doing everything to recruit. But right now, many more workers are still missing.”

Thousands of passengers wait at Ben Gurion International Airport near Tel Aviv after a strike was announced, August 20, 2026.  (credit: AVSHALOM SASSONI/FLASH90)

Management faced difficulties recruiting for Ben-Gurion, despite known shortages

Landau argued that additional officials within the Airports Authority had also warned about the shortage in advance, emphasizing how difficult it was the recruit workers for the required positions. “The heads of departments warned about this, absolutely,” she added.

“I am already saying that management tried to recruit, and it is very difficult to recruit workers for these positions during this period. These are challenging jobs, because being a baggage handler or a firefighter at Ben-Gurion Airport during this period is very difficult. In addition, even if workers are recruited, they must undergo training, complete additional requirements, and receive security clearance to work there.”

Landau then pointed the finger at the Israel Airports Authority management, claiming that the decision that led to the closure of the counters was made by management.

“Management panicked,” she said, further explaining that “once those 18 workers collapsed and left after nine hours of work in the heat, instead of moving other workers from other areas of the airport who could provide support, management decided to close the counters, and only management has the authority to do that. Pinchas himself was shocked by the matter.”

Airport workers’ union preferred negotiation over dispute

Landau also addressed why the workers’ union did not declare a labor dispute, claiming that Idan initially preferred to negotiate with management. According to her, “We considered it, and Pinchas decided to negotiate with management. He received promises. You do not enter a labor dispute so easily, because once you enter one, there is only one path that leads to a strike, and then the workers say, ‘What did you do to me?’ Pinchas Idan did not want to close the airport. What exactly would closing it in August give him? What would it give the workers’ union? It gives them absolutely nothing.”

At the end of the interview, Landau addressed efforts to recruit additional workers and the dispute over responsibility for the events. “Management announced that it is recruiting nearly 100 workers who are currently on unpaid leave and will fill the ranks,” she added.

“And still, even when there is a fully staffed shift, there is still a manpower shortage under these conditions. There was no strike, and the ones who closed the counters were management. There was no dispute between management and the workers, except that management claimed there was no shortage of workers.”

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Since the recent wildcat strike at Ben Gurion Airport, staffing at the Israel Airports Authority (IAA) has become the main flashpoint between management and the workers’ union.

The union points to a critical deficit of roughly 500 employees across all departments, arguing that an unreasonable workload ultimately triggered the system’s collapse. Union Chairman Pinchas Idan claimed there are simply not enough porters to handle luggage loading and unloading, forcing staff into grueling, consecutive 12-hour shifts in unbearable heat under inhumane conditions. He added that the severe shortage is exacerbated by employees serving on active military reserve duty.

The numbers tell a different story

Anyone spending ten minutes outside at midday can sympathize with the grueling physical strain of hauling heavy baggage between aircraft and luggage carts in the summer heat. However, data obtained by Walla reveals a contrasting picture: The number of porters at Ben Gurion Airport has actually grown over the past six years, even as overall passenger traffic declined.

The baseline for comparison is 2019, widely regarded as a peak year for passenger volume at Ben Gurion. In August 2019, 2.807 million passengers passed through the airport, serviced by a workforce of 386 porters. By comparison, August 2026 is projected to see approximately 2.675 million passengers, whereas the porter workforce has expanded to 402. This reflects a net addition of 16 porters alongside a decrease of roughly 130,000 passengers.

Furthermore, a source familiar with the matter told Walla that the union never formally submitted a written request to management regarding a worker shortage.

Pinhas Idan, chairman of the Airports Authority workers' committee, March 5, 2019. (credit: NOAM REVKIN FENTON/FLASH90)

“A union always wants more workers, and that’s fine,” says a source familiar with the matter. “But in this case, there is no shortage of porters because there are actually more of them. Besides, operational needs on the ground are no justification for shutting down a country.”

The workers’ union firmly rejects these assertions, insisting that continuous appeals were submitted to management over two months ago.

Tenured vs. temporary staffing friction

However, another source suggests the core issue stems not from total headcount, but from an imbalance between tenured and temporary staff: “In 2019, there were more temporary porters at Ben Gurion Airport. Over the years, the proportion of tenured staff increased while temporary staff declined. Temporary workers experience less burnout, are more flexible, and show higher motivation, whereas tenured staff are less willing to work. The operational model needs an overhaul – something that must be executed in cooperation with the workers’ union.”

Despite that structural challenge, the likelihood of Idan permitting a shift from tenured positions toward temporary hiring appears virtually non-existent – particularly amid reports that management intends to push for his removal as union chief.

Chairman of the Israel Airports Authority Yiftah Ron-Tal declined to confirm any efforts to oust Idan from leadership. “I am currently focused on managing the crisis and am not dealing with that,” he says. “I have established an inquiry team to investigate the incident and draw conclusions.”

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German investigators discovered a third drone and suspected explosives linked to this month’s attempted attack on the Leipzig/Halle airport, broadcasters NDR and WDR and the Sueddeutsche Zeitung newspaper said on Tuesday.

The drone was found on August 14, 10 days after the incident, to the west of the airport, where investigators also discovered about 50 grams of a substance they suspected to be the military explosive hexogen, the media reports said.

The office of the prosecutor general did not immediately respond to a Reuters request for comment.

Police officers work in the vicinity of an Antonov cargo plane, near which a drone was found, at Leipzig/Halle Airport in Schkeuditz, Germany, August 5, 2026. (credit: REUTERS/AXEL SCHMIDT)

Russia denies involvement in drone attack at German airport

Security sources cited in the reports suspect Russian intelligence involvement in the attempted attack, an accusation Moscow has denied.

On August 4, an explosives-laden drone was discovered near a Ukrainian Antonov cargo aircraft used for military supplies. Investigators also suspect a second drone may have collided with a DHL cargo plane soon after the airport’s temporary shutdown.

The airport is a cargo and military logistics hub used by NATO and Ukraine’s Antonov Airlines for military supplies.

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A private arbitrator has ordered The Washington Post to reinstate opinion columnist Karen Attiah with back pay, after the newspaper fired her in September over social media posts about conservative activist Charlie Kirk’s assassination.

The ruling, made public by the Democracy Defenders Fund on Monday, comes as the Washington Post‘s opinion section faces scrutiny following a push by owner Jeff Bezos to focus on personal liberties and free markets.

Private arbitrator Sarah Miller Espinosa found the newspaper “did not have good and sufficient cause” to terminate Attiah and had “violated” its labor agreement. “The Washington Post failed to establish the grievant engaged in gross misconduct,” she wrote.

“This decision confirms what we’ve said from the start: I was doing my job as an opinion journalist, and doing that job is not misconduct,” said Attiah.

A Washington Post spokesperson said the newspaper respects the arbitration process and declined to comment further.

 (Illustrative) TURNING POINT USA executive director Charlie Kirk speaks at US President Donald Trump’s Inauguration Day ceremony at the Capital One Arena in Washington on January 20, 2025. (credit: Mike Segar/Reuters)

Attiah fired for posts about Charlie Kirk’s assassination

The dispute began after Attiah’s posts on social media platform Bluesky following Kirk’s September 2025 assassination, including one in which she noted Kirk’s past comments on black women.

The Post had said in its termination letter that Attiah’s posts violated its social media policy, which requires employees’ online activity to be respectful and not undermine the integrity of the newspaper’s journalism.

In February, The Washington Post began layoffs impacting a third of its employees across its international, editing, metro, and sports desks amid mounting financial losses.

The New York Times first reported the arbitration decision earlier in the day.

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The wife of a US Army sergeant was deported to Honduras on Monday, marking the latest example of the impact of the Trump administration’s immigration crackdown on relatives of members of the US military.

Cristy Maryori Villafranca-Trejo “was removed from the United States” on Monday, a Department of Homeland Security spokesperson said in an email. Army Sergeant Hedar Leonel Turcios Juarez told ABC News his wife, the mother of a 6-year-old, was deported to Honduras.

Villafranca-Trejo is at least the seventh spouse or parent of an active-duty US military service member to be deported under the Trump administration’s immigration crackdown, according to an Associated Press tally.

The Immigration and Customs Enforcement (ICE) agency, which is part of DHS and has been the face of US President Donald Trump’s immigration crackdown and deportation drive, arrested her on July 11 after conducting what the DHS called a “targeted immigration enforcement operation.” The DHS said she received due process.

Turcios Juarez previously said ICE officers detained his wife outside a Walmart in July as their daughter watched. He said his wife left Honduras in 2016 due to violent crime in the country. The DHS alleged that she illegally entered the United States.

The badge of a US Immigration and Customs Enforcement (ICE) agent is seen at the airport in El Paso, Texas, US, May 10, 2023. (credit: JOSE LUIS GONZALEZ/REUTERS)

Turcios Juarez joined the military and became a US citizen in 2024 after a nine-month deployment to the Middle East, according to ABC News. He said he began pursuing citizenship for his wife, hoping his service would help expedite her naturalization process.

Father of USS Abraham Lincoln sailor detained amid Trump immigration crackdown

Over the weekend, the immigrant father of a US sailor on board the USS Abraham Lincoln aircraft carrier, which was deployed in the Middle East during ​the Iran war, was taken into federal immigration custody and remains in detention.

Trump has pursued an immigration crackdown that ​includes visa and green card revocations and an aggressive deportation drive. He says ​the crackdown ⁠aims to improve domestic security.

Rights groups say the crackdown has violated free speech and due process rights and created an unsafe environment, particularly for ethnic minorities, who have raised concerns about racial profiling.

While Trump campaigned in ⁠2024 on ​a platform of stopping illegal immigration, his administration has also ​made legal immigration more difficult – for example, by imposing new and expensive fees for applicants of certain work visas.

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Computer programmer Fei Zhaojun’s boss asked him if artificial intelligence could soon replace humans in coding jobs. Two weeks later, he was laid off from his job in Beijing, together with about 160 of his colleagues.

It’s an increasingly common scenario as artificial intelligence, supported by government policies, reshapes China’s massive job market. Some economists believe that might eventually undermine the overall strength of the world’s second largest economy.

Rapid adoption of AI in many fields, from computer programmers to script writing and physical tasks, is pushing people out of their jobs or leaving them afraid that it might. China is at the vanguard of AI adoption as government policies encourage people and businesses to use AI applications and robotics in all aspects of life, so people like Fei are figuring out how to adapt.

“There appears to be far less anti-AI sentiment in China (than elsewhere). Most people seem either positive, neutral, or mildly interested in AI,” said Shujing He, a Beijing-based senior analyst at advisory and research firm Plenum.

“Individuals who worry about being replaced, as well as those who have already left traditional workplaces, are often eager to experiment with AI-enabled businesses and independent ventures,” she said. “The level of interest is striking.”

Until recently, Fei had doubted AI could do programming work perfectly, even though his bosses thought it was close enough.

“Mid-level coders’ job are essentially replaceable in most of the cases,” said Fei, 40. “Even if it is a disaster that leads to replacing all humans, at this stage, you just have to use it as everyone else is using it.”

Now he’s making vlog-style short videos during a career break while figuring out what he wants to do next. He’s not making a living off of his videos, which are about ordinary people’s lives, but hopes that they might help others.

If you can’t beat them, join them

Du Qinchun, a part-time translator, has been helping to train an AI model to do translations. That’s brought him more work, at least temporarily.

“But it’s true that the pay in the industry has been cut by more than half compared to what it was years ago,” said Du, who is based in southwestern China’s Chengdu city.

The trend is so evident that popular college programs in foreign languages have increasingly fallen out of favor as AI-powered translation tools have become more widespread.

The share of Chinese industrial enterprises saying they use AI models and “agents” jumped to 47.5% last year from 9.6% in 2024, according to the market intelligence firm IDC.

“China’s vibrant open-source model ecosystem fosters greater AI application innovation in industrial settings, gradually closing the gap between foundational model capabilities and real-world enterprise value creation,” said Yanze Du, an IDC senior research manager in Beijing.

Humanoid robots can now, for example, sort parcels in postal centers, although still on a small-scale basis, and are pushing the boundaries in performing more human tasks such as directing traffic and making coffee. Food delivery robots are also gaining ground across the country, potentially threatening the livelihoods of millions of Chinese food delivery workers.

Generative AI increasingly is used for creation, production and distribution in China’s short drama industry. The number of live-action short and vertical video series designed for mobile phones fell about 75% in the first quarter of this year from a year earlier, according to Chinese media reports.

“Tasks that once required specialized training can now be performed by almost anyone with access to AI tools. This is particularly evident in software development and multimedia creation,” said Plenum’s He. “As a result, workers whose roles are narrowly concentrated in these areas may face greater displacement risk.”

A report from International Labor Organization, meanwhile, found that women face higher risks of losing employment due to use of AI than men, as they tend to work in areas more suitable for automation, such as assembling electronics, and remain underrepresented in science and technology.

AI has mixed effects on the slowing economy

Under China’s “AI Plus” initiative and its five-year plan through 2030, the government is pushing to infuse AI across many industries, aiming to gain an edge in China’s technology rivalry with the U.S.

“What is specific to China is that the government is really into diffusing AI across the economy, so AI may get into different domains more quickly comparing to other countries,” said Zilan Qian, a research associate at Oxford China Policy Lab.

China’s economic growth has already been slowing. Consumer spending has lagged partly due to people becoming reluctant to spend because they’re worried about losing their jobs. It’s added to problems stemming from a prolonged downturn in the housing market that has undermined household wealth.

China’s tech industries may be innovative with high productivity, but they may not generate many new jobs, said Eswar Prasad, a professor of economics and trade policy at Cornell University.

“AI is likely to lift productivity across the board but could have a severe disruptive effect on employment, worsening the employment growth problem and resulting in a detrimental effect on social stability,” he said.

Similar to their U.S. rivals, Chinese tech giants have cut or restructured tens of thousands of jobs, partly due to AI. The outlook for the broader jobs market remains uncertain: China’s overall urban unemployment rate hovers around 5%, but unemployment for people aged 16 to 24, excluding students, is roughly triple that.

That said, in the longer run, some experts say unemployment rates could fall, since China’s population of 1.4 billion is rapidly aging and shrinking.

By 2050, China is projected to have fewer than two working-age adults to support each retiree, compared with more than 2.5 in the U.S., said Xuenan Cao, a professor at San Francisco Bay University whose focus includes technology and society.

“Automation could partially offset a shrinking workforce rather than being purely a threat to it,” Cao said.

Some embrace AI to find new ways to make a living

Wang Zhicheng, 32, often used AI for brainstorming and fact-checking in his previous job as a scriptwriter for a company that produces 3D animated educational videos and interactive exercises for children.

After its parent company laid off roughly half of its 13 script writers, he chose to resign and work independently, making illustrated children’s books.

While AI sometimes saved time the scripts it generated, they often felt strange, Wang said. Episodes tended to be repetitive and formulaic and the level of detail devoted to knowledge varied widely.

“You can treat AI as a tool just like (Microsoft) Word,” said Wang, who has started his own studio making picture books and other creative works. “Humans are still the decision makers on which one to pick or pursue among all that AI generates.”

High school chemistry teacher Yang Zheng said he doesn’t consider AI as a threat to his job even though students use AI for help with their homework.

“Teachers cannot be there all the time,” he said. “It is a good thing for students as it generates in real-time so that students can ask follow-up questions,” said Yang, 29. “It often gets things wrong, but it improves over time.”

____

Fu Ting reported from Washington. AP video producer Wu Jia in Beijing contributed to this story.

This story was originally featured on Fortune.com

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Pakistan’s army chief Asim Munir held discussions with Iran that were focussed on measures including the prevention of a further escalation of the conflict and the reopening of the Strait of Hormuz, the Pakistani military said in a statement on Tuesday.

Munir discussed regional peace and ways to reach a negotiated settlement to disputes, the statement added.

Pakistani Interior Minister Mohsin Naqvi spoke with Iranian President Masoud Pezeshkian on Tuesday morning to discuss “the steps needed by both sides for restoring the Islamabad Memorandum of Understanding,” Naqvi said in a post on X/Twitter.

“The Iranian President candidly shared his Government’s perspective and concerns, and we had a very constructive exchange on the issues involved.”

Naqvi said that the talks were focused on decreasing tensions in the Middle East and creating a path to peace. He added that the meeting with the president ended on a “highly positive note.”

“We remain hopeful that this momentum will help pave the way for further progress and lasting peace in the region.”

Pakistan-Iran talks come after US began Operation Economic Outcast against Iran

US Treasury Secretary Scott Bessent announced the start of “Operation Economic Outcast” on Iran in remarks at a press conference on Monday following earlier threats of an “economic D-Day” against the regime.

“Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” said Bessent.

Following the announcement, the US State Department implemented sanctions against Iranian military activities, cyber threats, and illicit oil trade, according to a statement from US State Department Spokesperson Tommy Pigott on Monday evening.

“Today, the United States took sweeping action against multiple entities, individuals, and vessels enabling the Iranian regime’s destabilizing activities,” Pigott said.

“The measures target Iranian military officials responsible for procuring weapons and directing attacks against US servicemembers and regional partners, Iran-based entities that gathered intelligence for targeting US forces and allies, and a procurement ring supplying Iran’s military and missile programs,” he added.

Iran promised to retaliate to sanctions

Before the announcement, Iran threatened both a possible military response and further reduction in oil exports from the Gulf in response to any US economic measures. Afterward, Iranian Economy Minister Ali Madanizadeh said, “We are fully prepared for the US sanctions.”

“Naturally, the enemies intend to launch an economic terrorist attack on us, but we also have our own tools and know how to play the game. Our defense is no longer so defensive; the enemies should wait for an attack,” Madanizadeh told state television.

He also said neither China nor Russia had “accepted” the US measures, and predicted other countries would resist them.

Brigadier General Hossein Mohebbi, a spokesperson for Iran’s Islamic Revolutionary Guard Corps, vowed heavy blows to US vital interests and energy chokepoints if Iran’s infrastructure is threatened, Press TV reported.

Aaron Glick contributed to this report.

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Prime Minister Benjamin Netanyahu on Sunday posted what he described as his personal phone number and invited Israelis to contact him with their questions and problems. 

It was an election-season stunt that drew such a flood of responses that the number’s WhatsApp account was blocked within minutes and those calling received a busy signal.

It also drew suspicions that it was a ploy to collect voter data.

In a video posted to social media, Netanyahu is seen with longtime adviser Topaz Luk, who asks the prime minister whether he can publish his phone number. Netanyahu initially reacts with disbelief, saying, “Topaz, have you gone crazy?” before agreeing. 

“I want to hear from you. Your suggestions, your questions, your problems. I want to hear, so leave me a message,” Netanyahu said. He added that he could not promise to answer everyone but would respond to as many people as possible. 

Israeli Prime Minister Benjamin Netanyahu casts his ballot at his party Likud's main polling station during primary elections ahead of Israel's general election in October in Jerusalem on August 17, 2026; illustrative (credit: Ohad Zwigenberg / POOL / AFP via Getty Images)

Hundreds of messages and calls arrived within minutes and the WhatsApp account associated with the number was blocked. Luk later posted on X/Twitter that the account had been disabled because of the volume of calls and said Netanyahu’s team was working to restore it, directing people to Telegram in the meantime. 

Some suggested the number was used to get phone numbers of voters

Kan political correspondent Michael Shemesh questioned whether the number belonged to Netanyahu at all and suggested on X that the exercise was “probably designed to harvest the phone numbers of potential voters.” 

Other users pointed to another clue that the handset seen in the video was unlikely to be Netanyahu’s personal phone. One of the WhatsApp groups visible in Luk’s video was a synagogue updates group whose latest message appeared to back political rival Naftali Bennett, the former prime minister who now heads the Beyachad party. 

“Something tells me that Bibi isn’t signed up to the ‘Menachem’s House Main Shul Updates’ group,” one X user wrote, “especially not when the latest message there is ‘yalla, it’s time for Bennett.’” 

The Likud spokesperson had not responded to a request for comment on the accusations by the time of publication. 

Netanyahu has handed out his number in previous election campaigns

It was not the first time Netanyahu handed out what he presented as his personal number during an election campaign. In August 2022, little more than two months before the vote that returned him to power, the then-opposition leader published another number and invited Israelis to video call him. 

“Why should only some people have my phone number? Everyone should have it,” Netanyahu said at the time, joking that the move was a “dramatic, world-changing decision.” He told supporters who sent proof they had joined his Telegram channel that they would have a better chance of receiving a video call from him. 

The response was similarly intense. Likud said Netanyahu received 9,420 calls within the first 30 minutes, while follow-up videos showed calls and messages flooding the phone. 

Netanyahu’s rivals mocked the stunt. Then-Finance Minister Avigdor Liberman released a parody video saying Netanyahu “has not picked up the phone in 12 years,” while Yair Lapid’s Yesh Atid dismissed it as a “fictional phone operated by Netanyahu’s aides.” 

Difficult reelection campaign for Netanyahu

The episode comes as Netanyahu faces a difficult reelection campaign, with roughly 20% of voters remaining undecided, many of whom are disillusioned Likud voters, according to pollsters and researchers cited by Reuters. 

A Channel 13 poll released earlier this month put Gadi Eisenkot’s Yashar party at 23 seats, ahead of Likud with 21, and Netanyahu’s current coalition projected to win just 49 of the Knesset’s 120 seats. Eisenkot also led Netanyahu 47% to 34% when respondents were asked who was better suited to serve as prime minister. 

The phone-number appeal is the latest in a series of efforts to put Netanyahu directly in front of voters, including a blitz of highly publicized appearances. Last week, the prime minister visited a restaurant in Hadera, a Likud stronghold, where owner Simo Shtivi said his arrival was “like hoisting the World Cup,” as diners lined up for photos and a chance to speak with him. 

Netanyahu also made a surprise appearance with his wife Sara at a concert by Israeli pop star Eden Ben Zaken. A few days earlier, he filmed a campaign video at Jerusalem’s Malha Mall meeting shoppers, including children. The Central Elections Committee later ordered the video removed because election law bars the use of children in campaign propaganda. 

Likud also rolled out billboards showing New York City Mayor Zohran Mamdani alongside the leaders of Iran, Turkey and Hezbollah under the slogan, “They want Netanyahu to lose. Don’t let them win.” 

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Giles Sims, 34, was sick of getting passed over for jobs because he didn’t have a college degree.

But with a wife and a widowed mother to help support, he needed a quick solution. So the laid-off web developer turned to one of a growing number of three-year degree programs.

“I can’t afford to be out of the workforce for four years. That just seems like forever, and the three-year made it seem less daunting,” said Sims, a student at Ensign College, a private Salt Lake City school that recently changed all its bachelor’s degrees to require fewer classes than a traditional four-year degree.

The condensed programs have exploded in popularity. As of this spring, 26 U.S. states have a college that offers at least one reduced-credit, three-year bachelor’s, according to the nonprofit research group RAND.

Advocates say these programs are a solution to the college affordability crisis and a godsend for non-traditional students like Sims.

Critics, however, worry that they’ll narrow too much what students learn, confuse employers, limit graduate school options and create headaches in fields that require state licenses.

The American Association of University Professors, for one, says the programs devalue the meaning of a college credential.

“This is not innovation. This is just cutting corners,” said Todd Wolfson, AAUP’s president.

A new option to graduate more quickly, but with reduced credit

For decades, colleges have offered accelerated programs that let students finish faster, often by forgoing long summer breaks, maximizing transfer credits and condensing semester-long courses into shorter, five- to 10-week terms.

But those programs maintained the same course load, measured as credits. The new programs let students finish faster by completing as few as 90 credit hours. That shaves a year off the typical 120-hour bachelor’s degree.

Three-year bachelor’s degrees are common in other countries including the United Kingdom, India, France and Italy. But they can create complications for graduates seeking admission to U.S. graduate schools, which sometimes require extra coursework.

Some of the earliest colleges in colonial America, modeled after English institutions like Oxford and Cambridge, initially had three-year degrees, said John Thelin, the author of “A History of American Higher Education.” By the 19th century, the four-year format had taken hold, partly because there wasn’t an established system of public high schools to prepare students, Thelin said.

“The colleges would have to kind of start from scratch,” he said.

A change in accreditation opened the door to shorter degrees

The idea of bringing three-year degrees to the U.S. got attention in 2009 when Robert Zemsky, the founding director of the Institute for Research on Higher Education at the University of Pennsylvania Graduate School of Education, argued in a Newsweek cover story that three-year degrees could shake up a broken system.

But there was a roadblock, he recalled recently. “Accreditors said, ‘College is 120 credits, not 90 credits,’” he said.

Years passed. And in 2022, amid mounting concerns about college affordability, Zemsky helped revive the idea. The College-in-3 Exchange was born, and dozens of higher education institutions joined the network to look for ways to help students get degrees faster.

The Northwest Commission on Colleges and Universities was the first accreditor to say yes in 2023, when it approved reduced-credit programs at Ensign and Brigham Young University-Idaho. Other accreditors quickly followed.

As of May, 119 reduced-credit programs had been publicly announced, according to the RAND analysis, which was conducted to help education officials in Ohio as they weigh the feasibility of reduced-credit degrees.

It comes at a time when tuition and fees averaged $11,950 for in-state students at public schools and $45,000 at private nonprofits last school year, although many students get discounts that reduce the price, according to a report from the College Board, the nonprofit that oversees the SAT.

Some degrees are easier to compress

Private nonprofit schools offer three-quarters of the reduced-credit programs, frequently online. Typically, they compress the majors by reducing electives. Business degrees in fields such as marketing and management are the most common, followed by computer and information sciences.

Other majors, such as engineering, with its extensive math requirements, have been harder to shrink. And RAND found just six reduced-credit degrees in teacher education, which involves real-world experience requirements and state licensure.

Jill Cohen, 42, lives on a ranch in rural Yoder, Colorado, and is completing her teaching degree through one such program at Indiana Wesleyan.

She quit her old job selling life insurance and turned to teaching after a farming accident nearly claimed her life. Already, she is in the classroom, teaching middle school English, as she works on the degree through a special “Grow Your Own” program designed to address staff shortages.

Because her home is busy — she has twin 12-year-olds, along with a menagerie that includes horses, goats and chickens — she appreciates the streamlined degree.

“Why do I need to take, you know, underwater basket weaving when I could just take the evolutionary structure of the English language — what I’m going to be teaching,” she said.

However, programs with state licensing requirements are one of the biggest worries for Jenna Kramer, a policy researcher at RAND.

Indiana Wesleyan, which has a growing slate of reduced-credit offerings, said its education programs are specifically designed to meet Indiana licensing requirements. Students from elsewhere will need to check if the programs meet their state requirements, said Pam Downing, the school’s director of communications, in an email.

The RAND report also found the programs are so new that there are no standard practices for admitting three-year degree recipients into graduate school.

Students acknowledge it’s a gamble

Gabriella Staten, a 20-year-old student in the reduced-credit digital marketing program at Mount Mary University, a Catholic women’s institution in Milwaukee, estimates it will save her at least $20,000. While she sometimes wonders whether employers will take her degree as seriously as a four-year degree, she decided she could prove herself.

“Even if they were to look a little bit down on the three-year pathway, I can show them otherwise with the work,” she said.

Wesley Hardy, who is three semesters into a bachelor of applied science in accounting at Ensign, also sees the pros and cons. He likes that the three-year format will get him into the workforce faster.

But he noted that the requirements to become a certified public accountant — something he has considered — vary by state. Many require 120 semester hours to sit for the exam and 150 to become licensed. Graduate school often is needed.

Bruce Kusch, president of Ensign, said he has talked to multiple college presidents and doesn’t anticipate that graduate school will be a problem. But Hardy, 22, has questions about how it would work.

“Would I have to take extra classes?” he asked. “It’s definitely something I’ve thought of.”

___

The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

This story was originally featured on Fortune.com

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With the rise of AI, Asian tech founders are now thinking about global markets even when they’re still conceptualizing their business. Singapore-based AI firms now enter an average of seven new markets just one year after inception, according to a Stripe survey.

“We’re seeing a significant shift in how Asia-based firms are looking at cross-border business,” Sarita Singh, Stripe’s regional head and MD of Southeast Asia, Greater China and South Korea, tells Fortune. “There’s been a big push to find customers and grow outside of the home country.”

This marks a departure from the earlier playbook of most Asian firms, which Singh refers to as a “thoughtful but slower approach” to international expansion. “Businesses would first build for a local market,” she explains. “They would then iterate the product and methodically expand country-by-country, building local banking relationships as they go.”

AI-native firms also are scaling and monetizing more quickly than their SaaS peers. A 2025 study found that the top 100 AI companies on Stripe took a median of 11.5 months to surpass annualized revenues of $1 million—four months ahead of the fastest-growing SaaS firms at the height of the subscription boom.

Yet Asia-based founders face a particularly daunting challenge: navigating one of the world’s most comprehensive—and fragmented—payments ecosystems.

“We’re not a monolithic card market in this part of the world,” Singh says. “We’ve got so many different countries and consumers with all sorts of buying and transaction behaviors.”

Stripe on Tuesday unveiled partnerships with a slew of local payment platforms, including South Korea’s Samsung Pay, Malaysia’s Touch ’n Go, Singapore’s ShopeePay, the Philippines’ GCash, and Thailand’s TrueMoney, which would allow businesses on Stripe’s platform to accept cross-border payments across these smaller payment providers.

“These payment companies are successful in their own right, but what they get with us is distribution,” Singh explains.

Stripe, much like other payments firms, is also paying attention to the budding “agentic economy,” referring to an economic system where AI agents act as independent economic actors on behalf of human users. Last December, Stripe rolled out the “Agentic Commerce Suite”, which uses shared payment tokens that allow AI agents to securely pass buyer credentials to merchants, with early adopters including fashion labels Coach and Kate Spade, and e-commerce platforms Etsy and Halara.

Industry peers like Visa and Mastercard are also making bets on agentic commerce. Last April, Visa unveiled its Intelligent Commerce platform, which allows AI agents to shop and pay on a user’s behalf. In June 2026, Mastercard launched “Agent Pay for Machines”, an infrastructure extension built for high-frequency, low-value machine-to-machine (M2M) micro-transactions. 

Singh, however, acknowledges that the global agentic economy is “still in its early days”. Instead, she says Stripe is trying to help businesses prepare for when the shift to agentic commerce actually happens.

“What you don’t want is for businesses to build their tech stacks only for them to have to rebuild soon after,” she says. 

This story was originally featured on Fortune.com

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The Defense Ministry’s Coordinator of Government Activities in the Territories (COGAT), said Monday that drugs had been smuggled into the Gaza Strip inside food products intended as humanitarian aid for residents of the Strip.

In a post on X/Twitter, COGAT said the incident was based on a report by the World Central Kitchen (WCK). The post was published on the agency’s English language account, which is aimed at the international community.

According to WCK, drugs were discovered concealed inside packages of canned peppers during the unloading of aid shipments and food preparation at the organization’s kitchens in the Gaza Strip.

The packages contained six bundles of hashish weighing approximately 600 grams in total, along with an additional 160 grams of other illegal substances.

“The incident demonstrates once again that Hamas will stop at nothing to exploit humanitarian aid for its own needs,” COGAT said.

Trucks loaded with humanitarian aid wait at the Kerem Shalom crossing before entering the Gaza Strip from southern Israel, August 12, 2026.  (credit: Tsafrir Abayov/Flash90)

Hamas ‘main obstacle’ to improved conditions in Gaza, COGAT official asserts

The agency added that it “strongly condemns the serious smuggling of drugs” and said it would continue working with all relevant parties against “any attempt to abuse humanitarian aid mechanisms.”

“The incident demonstrates once again that Hamas will stop at nothing to exploit humanitarian aid for its own needs.” 

The report came a day after COGAT published an analysis claiming that the volume of aid entering the Gaza Strip significantly exceeds humanitarian needs as defined by UN agencies, international organizations, and assessments conducted throughout the war.

“Hamas remains the main obstacle to further improving the situation in the Gaza Strip,” a senior COGAT official said.

The official added that “the organization interferes with humanitarian activity, exploits civilian infrastructure, influences distribution mechanisms and continues its repeated attempts to smuggle prohibited items under the guise of humanitarian aid.”

Forces destroy weapon depots in Gazan mosques, arrest West Bank terrorist

The IDF and Shin Bet (Israel Security Agency) recently destroyed two Hamas weapons depots in northern Gaza, the military and ISA said in a joint statement on Monday.

The weapons, aid the statement, were stored inside two mosques in the Shati and Deir al-Balah areas. Among the weapons were “dozens” of Kalashnikov rifles, magazines, and other equipment, it said.

Additionally, advance warning was given before the strikes, which used precise munitions and aerial surveillance in an effort to reduce harm to civilians, the military said.

In another statement on Monday, the army announced that the elite undercover Duvdevan force arrested Hamam Khazem in Jenin, who was “planning to carry out an attack inside Israel.” 

Footage from Duvdevan Unit forces’ operation to arrest a terrorist in Jenin, August 24, 2026 (IDF SPOKESPERSON’S UNIT)

Khazem’s father, Fathi Khazem was killed by IDF troops last week after the army said he tried to stab a soldier. Raad Khazem, Hamam’s brother, carried out the 2022 shooting at Dizengoff Center, murdering three Israeli civilians and resulting in his own death.

Moreover, the army said another terrorist “working to advance an attack” against Israelis was arrested in the West Bank village of Sanur on Sunday.

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A federal judge on Monday postponed the trial of the man authorities allege built the bomb that blew New York-bound Pan Am flight 103 out of the sky over Lockerbie, Scotland, killing 270 people in 1988.

Jury selection had been scheduled to begin on Wednesday in the trial of Abu Agila Mohammad Mas’ud Kheir Al-Marimi, a Libyan intelligence operative who prosecutors allege once confessed to his role in the 1988 bombing.

In the decision to postpone the trial, US District Judge Dabney Friedrich cited the discovery of new evidence that defense attorneys want to examine.

The judge said “the newly discovered evidence, as well as evidence located in other countries” and “the need for the defense to determine how best to defend this case” made her reach the decision.

Friedrich did not schedule a new trial date but set a court hearing on September 1 to discuss next steps.

Scottish rescue workers and crash investigators search the area around the cockpit of Pan Am flight 103 in a farmer's field east of Lockerbie Scotland in this December 23, 1988 file photo. (credit: REUTERS/Greg Bos/File Photo)

Mas’ud rejects allegations that he built the Lockerbie bomb

Mas’ud, now in his mid-70s, has pleaded not guilty to two criminal charges related to the destruction of the aircraft resulting in death and faces a maximum of life in prison if convicted.

The Boeing 747 exploded minutes after takeoff from London on December 21, 1988, killing all 259 people on board, including 190 Americans, and 11 people on the ground in Scotland.

The bombing made former Libyan leader Muammar Gaddafi, whose government accepted responsibility for the attack in 2003, an international pariah.

Mas’ud has denied wrongdoing and his lawyers have challenged the credibility of evidence gathered by prosecutors, including Mas’ud’s alleged confession to a Libyan police officer in 2012, a year after rebel forces toppled Gaddafi’s government.

Mas’ud’s trial in Washington, DC federal court has been delayed by years of legal wrangling over the alleged confession and other issues that have exposed the complexities of a US prosecution over a decades-old attack in Britain with crucial evidence gathered in Libya.

Mas’ud, who was arrested in Libya and brought to the US in 2022, is accused of building a time-delayed bomb that was packed into a suitcase and placed in checked baggage in Malta. The explosive-laden suitcase eventually made its way to London Heathrow Airport, where it was stored in the hold of Pan Am flight 103.

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For the past week or so, residents of Israel’s Gaza border communities must have seen the sight of kites crossing from the enclave and thought, “Here we go again.”

Years before October 7, incendiary kites and balloons (including the bizarre incident of an incendiary condom) became one of Hamas’s favored methods of harassing southern Israel. Fields were burned, fires became routine, and what began as a seemingly crude tactic developed into an organized campaign that Israel struggled for years to contain.

That is why the appearance of kites over the border again cannot simply be treated as a curiosity while the IDF waits to establish whether they constitute a broader phenomenon.

Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz were therefore right on Sunday to warn Hamas that continued launches would bring an increased Israeli response. Katz went further, insisting that Israel would not return to the reality that existed before October 7.

That promise must be backed up with concrete action.

Kite launched from Gaza found in Nahal Oz. (credit: SECTION 27A COPYRIGHT ACT)

At least six kites crossed from Gaza into Israel over the past week, with other reports putting the number higher. None of those recovered so far carried explosives, and no Israelis were endangered. The IDF said it believes Palestinian youth, some only 12 or 13 years old, are being used to launch them, likely at the direction of Hamas terrorists.

The most troubling comment to emerge over the weekend came from a military official who said the IDF was taking the incidents seriously but needed to “wait and see if this becomes a trend.”

Israel must stop the trend before it becomes an even greater threat

Israel has already seen this trend before, and it must nip the issue in the bud this time.

In 2018, incendiary kites and balloons began appearing over the Gaza border. What initially looked primitive became an organized method of attack. Fields, forests, and nature reserves across southern Israel burned, and thousands of acres were destroyed. Explosives were attached to some of the airborne devices, and Israelis living near Gaza became accustomed to another form of terrorism that Hamas could calibrate according to its needs.

The IDF did respond at times, including by striking Hamas positions and squads preparing incendiary devices. Yet the pattern became painfully familiar during the years before October 7. Hamas would push, Israel would assess whether the latest provocation justified escalation, and life along the border would absorb another deterioration in what was considered normal.

Residents of the Gaza border communities have every right to be alarmed by language suggesting that Israel should again wait to determine whether something is a trend.

Uri Epstein, head of the Sha’ar HaNegev Regional Council, put the concern well. The issue is not whether a particular kite turns out to contain explosives. By the time soldiers discover that it does, the question has already been answered too late. Residents should certainly not be the people discovering unidentified objects from Gaza and then informing the military.

That does not mean Israel should launch a major military operation because a kite crosses the border. Proportionality and judgment remain necessary, but what has to disappear is the idea that Hamas is entitled to a certain number of provocations while Israel gathers evidence that a pattern has developed.

A border is either defended, or it is not. If Hamas permits organized launch sites to operate, it should understand there will be a price. The IDF should also have clear procedures for detecting, intercepting, and handling anything that crosses from Gaza before residents stumble across it.

Hamas adaptations to Israel’s threat classifications

Israel spent years drawing distinctions between rockets, incendiary balloons, border riots, and other forms of harassment emanating from Gaza. Hamas understood those distinctions and learned how to operate within them. It could apply pressure without necessarily provoking a response large enough to threaten its rule.

October 7 exposed the disastrous consequences of allowing Hamas to determine the tempo along the border.

Katz’s declaration that “a balloon is treated like a kite, and a kite is treated like a drone” therefore carries importance beyond the latest incidents. Hamas must understand that the old rules no longer exist.

Israel has paid far too high a price to relearn this lesson. The kites crossing the border today may contain nothing, but the next ones may not. We should not wait and see.

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Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash.

The costume was sold as the “Kids’ Glows Under ‌Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde and EEK Boutique brand.

Target removed the “offensive” costume and said that it should never have been featured in its stores.

TARGET RECALLS 200,000 CHILDREN’S SANDALS OVER POTENTIAL CHOKING HAZARD: CPSC

“As a company, we know we got this wrong, and we are deeply sorry. The costume is offensive and should never have been part of our assortment. It is no longer available for sale,” company spokesperson Brian Harper-Tibaldo said in a statement to FOX Business.

“We know this is especially hurtful for our Black guests, team members and partners. Removing the costume is an important first step, and the company is looking closely at how this happened and what needs to change to ensure this won’t happen again,” he continued.

The move to pull the costume comes after social media backlash in which critics accused the Minneapolis-based retailer of selling racist merchandise.

“You really don’t have anyone left in Minneapolis to say, ‘Hey, that’s racist’? Y’all cut DEI and now you’ve got a minstrel clown costume for kids on your website,” one user said on Threads.

This comes on the heels of several reputational hits for the retailer that have hurt sales in recent years, including Target’s handling of its Pride Collection in 2023 and its rollback of diversity, equity and inclusion initiatives after President Donald Trump returned to the White House.

POPULAR PRODUCT SOLD AT TARGET RECALLED DUE TO CONTAMINATION CONCERNS

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Target joined a broad corporate effort to scale back diversity initiatives after Trump issued a series of executive orders aimed at rooting out DEI.

The retailer scaled back initiatives aimed at increasing representation of Black employees and supporting Black-owned businesses and suppliers, saying it needed to stay in step with “the evolving external landscape.” The reversal drew backlash from some Black consumers and business owners who had supported or benefited from Target’s diversity efforts.

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As pro-Palestinian progressives find some success at the 2026 ballot box, the long-gestating Israel divestment campaign is looking to capitalize in Rhode Island.

Voters in Providence, the state capital, will vote on a referendum this November saying the city should refrain from investing in “foreign countries conducting ethnic cleansing, apartheid, illegal military occupation, or genocide.”

The language of the actual ballot petition does not mention Israel, nor any other country, by name. But the signature campaign was led by Providence for Palestine, a local activist coalition, and both its proponents and opponents have framed the measure as a referendum on Israel and the global Boycott, Divestment and Sanctions movement. 

With the referendum’s ballot placement secured, Providence has become the largest American municipality ever to place divestment before the voting public.

“We’re in this moment when the general public at large, and particularly Democratic voters, very much understand what’s going on in Gaza and Palestine as genocide, as apartheid, and want their leaders to take action on it,” Zack Kliger, a lead organizer of the ballot initiative and member of the Rhode Island chapter of the anti-Zionist group Jewish Voice for Peace, told the Jewish Telegraphic Agency.

Providence, Rhode Island Mayor Brett Smiley, a vocal Israel supporter who opposes the ballot initiative, attends a college basketball game at the Amica Mutual Pavilion, Jan. 24, 2026. (credit: M. Anthony Nesmith/Icon Sportswire via Getty Images)

Israel has rejected accusations of genocide as baseless 

Kliger described the current divestment campaign as having “definitely been led disproportionately by Jewish organizers.”

To determine which countries are “conducting” any of its list of human rights abuses, the referendum would rely on “resolutions” from various bodies, including the United Nations Security Council, International Court of Justice and “any” US court ruling or UN body. Some, though not all, of those bodies have reached conclusions that would implicate Israel in the ballot language’s divestment campaign. 

Both Israel and the Trump administration have strongly rejected all genocide accusations leveled against the country. “Apartheid” can be considered an independent crime under international law, while “ethnic cleansing” has no formal legal definition.

Divestment from Israel has seen some success on the municipal level since the Oct. 7, 2023 attacks and Israel’s military response in Gaza, which has sunk the country’s popularity across the American electorate.

Last year a non-binding divestment resolution in Somerville, Massachusetts, a Boston suburb with less than half of Providence’s population, became the first such initiative to win at the ballot box. Over objections from Jewish groups, the city this summer began exploring the question of how to enact the measure into law. 

Critics of divestment measures argue that they force local governments to put undue focus on international issues; could prompt division and backlash against local Jewish communities, and jeopardize public pension programs.

The Providence campaign’s decision to avoid mentioning Israel in the ballot language sets it apart from similar initiatives, while also neutralizing claims, made against other resolutions, that such measures unfairly single out Israel. 

Yet local Jewish groups say the risk to the community remains.

“All this will do [is] stoke more division in our community, and potentially make Jewish people here feel more unsafe,” Stephanie Hague, chief strategy officer of the Jewish Alliance of Greater Rhode Island, told JTA.

Hague noted that the ballot language, as written, prompts questions about the authority of the international bodies making judgments about what constitutes genocide, ethnic cleansing and other terms in in the initiative. She said that the Alliance would campaign against the ballot measure and, if it passes, explore legal options for putting up roadblocks to it. 

Providence passed divestment proposal against Sudan in 2006

A 2024 proposal to the city council urged Providence, whose approximately 15,000 Jews make up around 7% of the population, not to invest in Israel bonds. The measure failed to make it out of committee.

Likewise, the board of Brown University, the Ivy League school located in Providence, voted on a divestment resolution as part of the demands of the school’s pro-Palestinian encampment movement in 2024. It failed.

Activists are more confident this time, citing the success in Somerville, where, unlike in Providence, Israel was mentioned by name as the target of the winning ballot measure. Also unlike Somerville, whose measure was non-binding, Providence’s initiative would mandate city action.

Supporters also note that Providence joined a 2006 divestment initiative against Sudan to protest ethnic cleansing in Darfur, a divestment campaign that was spearheaded by American Jewish groups.

“We’re really proud of the legacy of the American Jewish community and standing up on social issues,” Kliger, who grew up in the Conservative movement, attended a Jewish day school in Brooklyn and has family in Israel, told JTA.

Unlike in Pittsburgh, where a similar 2024 initiative was undone before the election following legal challenges to the signatures, the Providence activists were able to collect and verify more than enough signatures to qualify for the ballot.

The initiative’s supporters said they had identified around $2.5 million in city funds that would be affected by a divestment order. They cited American companies frequently targeted by pro-Palestinian activists, such as construction equipment manufacturer Caterpillar and weapons firm Axon Enterprise.

The city council of Portland, Maine, also passed a divestment proposal in 2024, though that city’s mayor, after initially endorsing the plan, later said he regretted having done so because of the divisiveness it spurred. 

A student walks on the campus of Brown University ahead of the school board’s vote on divestment from Israel, in Providence, Rhode Island, Oct. 1, 2024.  (credit: JONATHAN WIGGS/THE BOSTON GLOBE VIA GETTY IMAGES)

Democratic primaries in Rhode Island have become centered on Israel

Some progressive Jewish professionals in Providence say the initiative is in keeping with their values.

“I know there are others out there who think that this is a situation where one would need to choose between their Jewish principles and other principles. I don’t perceive it that way,” Lex Rofeberg, senior Jewish educator with the alternative Jewish engagement network Judaism Unbound, told JTA about his support for the ballot campaign.

Rofeberg, a Providence resident, said it would be wrong for non-Jews to conclude that “it is a Jewish value to support human rights violations.”

“For those who see a ballot initiative that does not name Israel at all, but simply says we should not invest our dollars in atrocities, for people who see that as somehow threatening to Judaism, why would they think that?” he asked.

Hague, the Jewish Alliance staffer opposing the initiative, sees just such a threat to Jewish interests. She acknowledged that it can be hard to communicate to non-Jews, who would understandably oppose genocide and apartheid, the ways in which her group sees the BDS movement as “a calling card for antisemitism.”

She outlined what she saw as her group’s mission: “We have to do so much education in a short period of time, and helping people understand the Jewish community’s relationship to Israel, and then understanding this initiative’s relationship to the BDS movement and how those things are connected, and the real fear and isolation many Jewish Americans are already feeling, particularly after Oct. 7.”

The political environment, though, may be unfriendly to such efforts. Following broader national trends, the city’s Democratic mayoral primary, set for Sept. 9, is also pivoting to a large degree around Israel. 

Incumbent Mayor Brett Smiley, who converted to Judaism and held a bar mitzvah while in office, is a vocal Israel supporter who opposes the ballot initiative. His progressive challenger, state Rep. David Morales, has backed the ballot initiative.

So too have some local elected officials with Jewish heritage. “For any community that we are identified with, and for the sake of our soul and our humanity, we have to be able to say, ‘This is not OK,’” Rachel Miller, city council president, told JTA. 

Miller, who has a Jewish father and Catholic mother, said she considers herself “culturally” Jewish and objected to the idea that there is a single Jewish voice on the issue. She believes, she said, in “disconnecting the actions of a state against a group of people from my personal Jewish heritage, from my personal Jewish identity.”

Even if passed, it’s possible the ballot initiative could run afoul of a statewide ban on working with government contractors who openly boycott Israel, a so-called “anti-BDS law,” one of many such measures enacted in a range of states. 

Those laws themselves have been debated for years. This fall a ballot initiative in Oak Park, Illinois, a liberal Chicago suburb, will ask voters to register a formal objection to that state’s anti-boycott law. The initiative, which is opposed by local Jewish groups, survived a legal challenge on Monday.

Hague acknowledged current Jewish divisions on Israel, and the difficult political climate for pro-Israel Jewish groups. Facing down a ballot initiative like this, she said, takes work.

“I think we know public opinion is not supportive of Israel right now. I think it’s not an issue that people understand implicitly when they just read a ballot question,” she said. “So yes, of course, there’s reason for concern, and I think no matter what happens at the ballot, I still think it’s an important moment.”

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Mickey Berkowitz, widely regarded as Israel’s greatest basketball player and one of the country’s greatest athletes, is suffering from severe dementia, it was officially revealed Monday evening during the Channel 12 documentary Mickey Berkowitz’s Last Shot. His condition is considered complex.

In the documentary by Niv Raskin, the Berkowitz family agreed to reveal the secret they had kept for more than two years, shortly before Berkowitz received the Israel Prize for Outstanding Sports Achievement, regarding the illness affecting one of Israel’s biggest sporting icons.

Berkowitz has been living in a care facility away from his home in recent months, and the film documents his family’s efforts to cope with his condition.

Berkowitz’s basketball career

Berkowitz, whose parents immigrated from Romania, joined Maccabi Tel Aviv’s youth team at the age of 11, where he was discovered by legendary coach Yehoshua Rozin, who has since died. At 17, he joined Maccabi Tel Aviv’s senior team, and a year later led Israel’s youth national team to fourth place at the European Championship.

At age 21, Berkowitz spent a year at the University of Nevada, Las Vegas, before returning to Maccabi Tel Aviv. In 1977, at the age of 23, he led Maccabi Tel Aviv to its first European Cup championship, helping secure a historic 78,77 victory over Mobilgirgi Varese in the final.

A combination of his accomplishment on the court and class off it have made Mickey Berkowitz Israel’s ultimate sporting legend (credit: ADI AVISHAI)

Two years later, Berkowitz led the Israeli national team to a silver medal at the 1979 European Championship, where he was named tournament MVP. After the tournament, he received an offer from the New Jersey Nets, but Maccabi Tel Aviv refused to release him.

In 1981, Berkowitz won another European Cup title with Maccabi Tel Aviv, scoring the game-winning basket in the team’s 80,79 victory over Sinudyne Bologna in the final. He also reached four additional European finals with Maccabi, though the team fell short in each of them.

Berkowitz represented Israel at the 1986 World Championship after his decisive basket against Czechoslovakia in the qualifying tournament secured the team’s place in the competition.

During 16 seasons with Maccabi Tel Aviv’s senior team, Berkowitz won two European Cups, 16 Israeli league championships and 13 State Cups.

In the summer of 1988, after making his final European Cup final appearance with Maccabi Tel Aviv, Berkowitz moved to Maccabi Rishon Lezion, where he played for five seasons. Alongside his close friend Motti Aroesti, who spent 13 seasons with him on Maccabi Tel Aviv’s senior team, Berkowitz helped lead the club to the playoff finals against Maccabi Tel Aviv.

He later played one season for Hapoel Jerusalem and half a season for Hapoel Tel Aviv before retiring. At the time of his retirement, he ranked second on the all-time Israeli Premier Basketball League scoring list, behind Doron Jamchi.

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The US and Israel have demonstrated what military power can do to Iran. Bombs can destroy missile factories, military installations, drone warehouses, and command centers.

But there is another weapon that may ultimately prove even more decisive than another bombing campaign.

Economic warfare.

The Iranian regime can rebuild a destroyed factory if it has the money to do so. It can replace missiles, drones, and military equipment if it has access to foreign currency, international markets, and the financial networks necessary to acquire the materials it needs.

That is why the next phase of this war should not be measured only by how many bombs America drops on Iran. It should also be measured by how effectively the United States can cut Tehran off from the money it needs to rebuild its military, fund terrorism, and maintain its grip on power.

Iranian Rial banknotes over a backdrop of the Iranian flag; illustration. (credit: Shutterstock/Mehaniq)

Iran is already breaking

The numbers coming out of Iran are staggering. The war has caused approximately $270 billion in damage, equivalent to roughly 57% of Iran’s GDP. The scale of that destruction suggests that Iran’s recovery will take years, perhaps decades.

Even more alarming for Tehran is the compounding effect of the war. Each additional month of conflict could set the Iranian economy back by more than five years because of the destruction of capital stock, infrastructure, and productivity.

History shows how quickly economic damage can spread once the foundations of an economy begin to weaken. As businesses lose capital, productivity declines, investment disappears, and confidence collapses, the damage can move far beyond the original crisis and become increasingly difficult to reverse.

Iran entered this war economically weakened by decades of sanctions, corruption, mismanagement, inflation, currency collapse, and international isolation. Now the regime faces the enormous cost of rebuilding while its economy continues to deteriorate.

Meanwhile, ordinary Iranians are already suffering under rising prices, declining purchasing power, and a weakening currency. This is not simply an economic statistic. It is the daily reality of families struggling to afford basic necessities.

But we must make an important distinction. The Persian people are not our enemy. The mullahs are. The tragedy is that Iran is a nation with extraordinary natural resources, an educated population, and one of the world’s great civilizations. Yet the Islamic Republic has squandered its wealth on missiles, terrorism, and foreign wars while millions of Iranians struggle at home.

Trump’s ‘Economic D-Day’

With peace negotiations deadlocked and the war continuing, President Trump has now escalated the economic pressure under the banner of Operation Economic Fury.

Trump called it an “Economic D-Day” and warned that the United States would impose severe secondary sanctions against any nation’s financial institutions, businesses, airports, or governments that facilitate Iranian trade.

The message is unmistakable: nations and institutions will have to choose. They can do business with the United States, or they can help keep the Iranian regime alive.

For years, Tehran has survived sanctions by constructing an underground financial network comprising front companies, shadow banking systems, exchange houses, oil-smuggling operations, and intermediaries. These networks allow the regime to move money and sell its products despite international restrictions.

America must systematically dismantle them. If a bank knowingly helps Tehran move money, it should face consequences. If a company launders Iranian oil revenue, it should lose access to the American financial system. If a shipping network disguises Iranian petroleum, it should be exposed and sanctioned.

Access to the American financial system is not a right. No institution should be allowed to finance the world’s leading state sponsor of terrorism while continuing to benefit from the American economy.

Destroy the ability to rebuild

This is the strategic difference between bombing Iran and bankrupting the regime. Bombs destroy what Iran has today. Economic warfare can destroy Iran’s ability to rebuild tomorrow. That should be America’s objective.

The Iranian regime needs money to pay the Islamic Revolutionary Guard Corps, manufacture missiles and drones, maintain its military infrastructure, and finance Hezbollah, Hamas, the Houthis, and other terrorist proxies.

Follow the money, and you find the regime’s power. Cut off that money, and the Islamic Republic faces a far greater threat than the destruction of another military installation. A regime can survive a destroyed building, but it faces a much more serious problem when it cannot pay its security forces, finance its proxies, replace its weapons, or maintain the patronage networks that keep it in power.

Do not give Tehran a financial lifeline

This is where Washington must not blink. There will always be pressure to release frozen Iranian assets, ease sanctions, restore trade, and provide Tehran with billions of dollars in exchange for promises. America has seen that movie before and should not repeat the mistake of giving Tehran economic relief in exchange for vague assurances that cannot be trusted.

The Iranian regime should not receive another dollar in economic relief without concrete, verifiable, and irreversible concessions. There can be no return to business as usual while Tehran retains the ability to rebuild its military machine and finance terrorist organizations throughout the Middle East.

Any relief must follow genuine compliance, not empty promises. Iran must demonstrate that it is prepared to abandon the policies that have destabilized the region for decades. Otherwise, America risks financing the very regime it is trying to defeat.

Bankrupt the regime, not the people

The Persian people deserve better. They deserve an Iran where national wealth is invested in families, education, businesses, infrastructure, and opportunity rather than missiles, militias, and the Islamic Revolutionary Guard Corps.

America has already demonstrated that it can inflict devastating military damage on Iran. The next challenge is to ensure that the regime does not have the financial resources to restore the military and terrorist infrastructure it has lost. That means closing financial loopholes and dismantling the international networks that allow Tehran to sell oil, move money, and evade sanctions.

President Trump has now put economic warfare at the center of the conflict through Operation Economic Fury. If America follows through with precision and determination, this strategy could prove more consequential than another round of bombing.

Cut off the money that funds terrorism, and the regime loses its ability to project terror. Break the financial backbone of the Islamic Republic, and the Persian people may finally have an opportunity to break free from the regime that has oppressed them for nearly half a century.

The objective is not to destroy Iran. It is to bankrupt the regime that has stolen Iran’s future, financed terror across the Middle East, and kept its own people in chains.

The war may not ultimately be decided by the last missile fired.

It may be decided by the last dollar Tehran can spend.

Dr. Mike Evans has written 120 books, is a #1 New York Times bestselling author, and is a Nobel Peace Prize nominee. He is the founder of the Friends of Zion Museum in Jerusalem, the Ten Boom Museum in Holland, and Churches United with Israel, one of the largest Christian Zionist networks in America.

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