The World Trade Center Oculus will mark its 10th anniversary next month with 10 straight days of celebrations honoring the architectural landmark. Running from Friday, August 7 through Monday, August 17, festivities at the Lower Manhattan transit hub will include the unveiling of a new floral sculpture, giveaways, live music, artwork created on-site, and other free offerings open to the public. The event series kicks off with an exclusive rededication ceremony and the unveiling of the 10-foot “TEN IN BLOOM” floral installation, designed by world-renowned floral design company Fleurs de Villes.

Designed by Spanish architect Santiago Calatrava, the Oculus is meant to resemble a pair of hands releasing a dove, serving as a symbol of hope for New Yorkers following September 11, 2001. Costing $4 billion to build, the Oculus is the most expensive train station in the world.

For a decade, the hub has drawn millions of visitors from around the world to admire its architecture, shop at its retailers, dine at its restaurants and take part in its public art installations, events and experiences.

More than 80 fashion, health, beauty, lifestyle and technology brands operate beneath its striking roof. Eataly NYC Downtown and Épicerie Boulud offer dining options, while the Gansevoort Liberty Market features nine vendors serving cuisines ranging from Peruvian to Japanese, along with more than 20 grab-and-go options.

The Oculus sits above the critical public transit hub, where 13 subway lines, PATH trains, several ferry lines and millions of travelers converge.

To celebrate the milestone, Unibail-Rodamco-Westfield, which owns the Oculus, is hosting 10 consecutive days of festivities marking a decade of art, dining and connection.

“Designed as a symbol of hope and renewal, The Oculus continues to reflect the resilience and spirit of Lower Manhattan, and we are proud to celebrate ten years of creating memorable experiences alongside our retailers, partners, and the community we serve,” Marco Maldonado, senior general manager of Westfield World Trade Center, said.

Rendering of “TEN IN BLOOM” by Fleurs de Villes

On Thursday, August 7, from 11 a.m. to 2 p.m., a rededication ceremony will feature remarks and a ceremonial ribbon-cutting, followed by a free public celebration beginning at noon with live art, retailer activations, giveaways, and the unveiling of Fleurs de Villes’ “TEN IN BLOOM.”

Throughout the 10-day celebration, guests can take photos with the floral installation and tag @WestfieldWorldTradeCenter on Instagram for a chance to win a $100 gift card to use at Oculus retailers.

Additionally, guests can enjoy exclusive promotions and special offers from participating Oculus shops and restaurants over the course of the celebrations.

On Saturday, August 8, community nonprofit Art on the Ave, which is dedicated to elevating local talent and revitalizing public spaces, will host local artists creating anniversary-inspired artwork live on-site in the Art on the Ave studio.

On Wednesday, August 12, from 12 p.m. to 2 p.m., NYC-based nonprofit Sing for Hope will host live performances of throwback favorites on the Oculus floor, continuing its mission of making the arts accessible to all.

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The post World Trade Center Oculus to host 10 days of events for 10th anniversary first appeared on 6sqft.

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Israeli defense exports to Europe are breaking records, but the latest deal with Greece, worth euro 3.5 billion, also has a strategic dimension.

While the “Arrow 3” deal with Germany was seen primarily as a response to the war in Ukraine, the latest procurement by Greece reflects the development of a regional alliance against Turkey.

Greece will procure a multi-layered air defense system from Israel for around euro 3.5 billion, which will be integrated into its Achilles Shield defense system. The procurement will include Rafael’s David’s Sling in the upper layer, Israel Aerospace Industries’ Barak MX in the middle layer, and Rafael’s Spyder system in the lower layer.

Turkey, under President Recep Tayyip Erdogan, threatens Greece no less than it does Israel, creating a triangular alliance that is also tightening with Cyprus.

Greece’s challenge and the need for deterrence

Turkey and Greece might be NATO allies, but they have chronic tensions over the boundaries of their economic waters in the eastern Mediterranean and the Aegean Sea.

Since 1995, the Turkish maritime law has been casting a cloud over relations, according to which if Greece expands its economic waters in the Aegean Sea beyond six nautical miles, Ankara will see the move as a pretext for war. This year, the trend intensified with Turkey’s promotion of the “Blue Homeland” law, under which Ankara aims to extend its territorial waters by more nautical miles at the expense of Greece’s economic waters.

According to spokespeople for the Erdogan regime, the law was supposed to have already been enacted but has stalled for now. A senior Greek official told Globes that the assessment in Athens is that the Turkish government has not abandoned the idea but has postponed it until after the US midterm elections. “This is a worrying step,” the official admitted.

Turkish policy also indirectly harms Israel. About a year ago, the Greeks decided to ignore Ankara’s threats and declared a closed maritime zone off the islands of Kasos and Karpathos to begin laying a cable to connect the Israeli electricity grid to Europe. An Italian ship has already arrived at the deployment site but has not begun working, because the Turks have threatened to cut the cables and Greece has chosen to avoid a unilateral move for fear of a direct military confrontation.

Turkish President Recep Tayyip Erdogan makes a speech during the closing event of the SAHA 2026 International Defence and Aerospace Exhibition in Istanbul, Turkey, May 8, 2026. (credit: REUTERS/MURAD SEZER)

Now, the Turks have declared a closed maritime zone for seismic research being conducted north of Cyprus between July 20 and August 30. The goal: to lay a natural gas pipeline between Turkey and the Turkish Republic of Northern Cyprus (KKTC), a puppet entity whose independence only Ankara recognizes. The move illustrates how close Turkish buildup and displays of power are getting to Israel.

“Turkey is eight times bigger than us,” Greek Prime Minister Kyriakos Mitsotakis said in an interview with local media after Greece’s National Security Council approved the deal. “We are ready to discuss a realistic solution to issues such as the exclusive economic zone, but I will never be ready to conduct diplomacy from a position of weakness. I want Greece to always maintain a strong warning capability.”

The path to that deterrence lies in a multi-layered air defense system to be provided by Israel, and, according to the plan, will be fully deployed in just 35 months. The project is being accelerated because of Greece’s threat perception, which fears a Turkish opening strike with multiple missiles and rockets in an attempt to conquer islands in the Aegean Sea. The Greek ambition is that the Israeli multi-layered system will allow for the minimization of vulnerabilities and provide breathing space for the deployment of forces from Greece to the islands.

David’s Sling will be part of a national system and is therefore expected to be located on mainland Greece. Barak MX will also be deployed throughout mainland Greece and possibly even on the main islands, and Spyder’s versatility will be utilized to deploy batteries on the Aegean islands as far as Crete.

David’s Sling system has a range of up to 300 kilometers and is capable of intercepting cruise missiles, aircraft, and drones. The Barak MX system supports various radars and launchers for coverage against fighter jets, helicopters, drones, cruise missiles, surface-to-air missiles, and surface-to-surface missiles. The Spyder system, which was recently sold to Romania in a euro 2 billion deal, provides air defense solutions at different ranges and against a variety of threats, including UAVs, aircraft, helicopters, and short-range ballistic missiles.

Israel will transfer knowledge and capabilities, including source code

Greek magazine HellasJournal reported that a crucial detail in the creation of the Achilles Shield is the command-and-control system, including the provision of source code for Greek independence. According to the same report, the unified air defense network will be managed from this system, in which, alongside the Israeli systems, US-made systems already in Greece will be integrated, such as the Patriot and Hawk. The magazine also reported that Greek production of interceptors for the Israeli systems is possible.

A David's Sling interceptor launching during the Israel-Hamas war; illustrative. (credit: Instagram/Israel Air Force)

From here, Israel and Greece will soon work out details for the operational side of the agreement, which includes at least 25% local production. The issue of local production has become a major issue worldwide in recent years, due to the realization that many years of neglect of defense budgets has also led to a substantial gap in technological knowledge and industrial capabilities.

Greece, for example, is consistently increasing its defense budget. After standing at about $7.4 billion in 2023 (about 2.9% of GDP), it is estimated at about $8.6 billion this year (about 3.5% of GDP). The Achilles Shield program is just one pillar of a $28 billion defense investment plan to upgrade Greek military capabilities by 2036.

To meet Greek requirements for the transfer of capabilities and knowledge, optimal coordination will be required between the Ministry of Defense, IAI, and Rafael. The success of the transfer of knowledge to Greece is strategic for the Defense Ministry in two aspects: business and securing supply chains.

While Defense Ministry director general Maj.-Gen. (Res.) Amir Baram is managing negotiations to extend the US aid agreement beyond 2028 and transform it into a long-term cooperation framework, he is also working to diversify sources of production and supply, especially of critical components.

Thus, knowledge and production transfers guarantee steady income for the defense industries, and when the need arises, Israel will be able to regulate supplies from factories in other countries, without them being threatened. For example, the ministry’s activities with India – the main customer of the defense industries – which also has a close relationship with Iran, making it unlikely to be attacked.

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US President Donald Trump said that the United States is currently negotiating with Iran and will return to war if the talks fail, in an interview with Axios on Monday.

“We are in very deep talks with Iran,” Trump told Axios. “If they don’t work out, we will go back to very strong military action.”

Trump said that he paused US strikes on Iran to give negotiations another chance, Axios reported, with the president adding that he would not give the talks with Tehran “much time.” 

“Either it goes fast or not at all,” said Trump, adding that countries involved in the talks told him not to “fire,” leading to his decision to hold off on the renewal of major strikes.

A US Air Force F-16 fighter jet takes off from a base in the Middle East, July 23, 2026. (credit: X/CENTCOM)

“Nothing gained, nothing lost,” he added, noting that oil prices had fallen and stock prices had risen since his decision to hold off on major strikes.

Trump: US has not spoken to Saudis about joining Abraham Accords

Later on Monday, Trump told reporters on Air Force One that the US had not spoken to Saudi Arabia about joining the Abraham Accords, despite his Thursday Truth Social post saying that the US-Saudi nuclear agreement hinges on the kingdom joining the accords.

He added that Iran is only negotiating because “they are in a bad situation,” noting that “we have time” for the talks.

“The US has destroyed Iran’s military. They want to meet,” he said.

“There is a good chance something will happen during the talks,” said Trump. “If not, we will go back to what we did before.”

Trump described the positions of the US and Israel on the Iran issue as having “some small differences,” but “pretty close,” saying that he and Prime Minister Benjamin Netanyahu “did great things together,” calling him a “wartime prime minister.”

He further addressed Israeli opposition to the potential US sale of F-35 fighter jets to Turkey, saying “nobody tells me what we should be selling.”

“Turkey has been a great ally to me, [President Recep Tayyip Erdogan] has done a great job in Syria – he’s a friend of mine,” Trump said.

Trump also discussed reports of dwindling ammunition, saying that the US has “plenty,” but he would “like more.”

He also denounced the decision of the Biden administration to provide ammunition to Ukraine.

Netanyahu heads to US for Trump talks on Iran

Trump’s comments come as Netanyahu heads to Washington for a meeting with the president, the Prime Minister’s Office confirmed earlier on Monday.

“I am going to talk to Bibi about the fact that if I weren’t president, Iran would have had nuclear weapons by now and Israel would have been destroyed,” Trump said to Axios of the upcoming meeting.

The two world leaders are expected to discuss the situation with Iran, among several other issues.

“From my experience as prime minister, during these complex times we must act with both great determination and great wisdom,” said Netanyahu. “I am embarking on this mission with one clear goal: to ensure the security, strength, and future of our dear State of Israel.”

Netanyahu will also attend the funeral of Lindsey Graham, who died on July 12 following a brief, sudden illness.

Miriam Sela-Eitam and Amichai Stein contributed to this report.

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Boy George has just released what may well be the most pro-Israel, pro-Jewish song ever by a mainstream recording artist, “We Will Dance Again,” which he posted on his social media accounts, with the hashtag, “Shalom.”

The phrase, “We Will Dance Again,” has become a motto that symbolizes renewal and recovery following the October 7, 2023 attack by Hamas that left 1200 dead, about 364 of them concertgoers at the Supernova Music Festival, where the dancing was interrupted by rockets and then murder. Around 40 were kidnapped that day from the festival, some of whom were killed in captivity, while others were held in Gaza for over two years.

The Instagram account by the 80s pop icon, best known as the frontman of the group Culture Club, has the Hebrew words for“We Will Dance Again” written alongside the English.

The song features a reggae beat similar to the style of some of Culture Club’s songs, and launches right into the song’s message, addressing the inflammatory language that has been used to attack Jews and Israelis for nearly three years: “You say genocide, I say war/When you’re attacked, it’s what the army is for/Does it get ugly?/You bet it does/When you want to kill every last one of us.”

‘If you’re ever confused, I stand with the Jews’

The chorus of the song makes crystal clear sentiments that Boy George has expressed before in interviews and on social media: “But trust me, we will dance again, and there will be no war….But if you’re ever confused, I stand with the Jews/I don’t feel brave, I just need to behave like a human.”

Boy George attends World Premiere of Christmas Karma at Curzon Mayfair on November 12, 2025 in London, England. (credit: Jeff Spicer/Getty Images)

Early on in the song, he revisits the horrors of the massacre, saying, “You never mention October 7/Young girls raped against trees/Murdered brutally for the crime of dancing.” He also attacks those in the music world who condemn Israel but never Hamas, saying, “You condemn the Jews with selective memory/Musicians holding flags mouthing like sheep/Propaganda fueled by the internet/Feels so weak.”

He finishes by singing the opening lines in Hebrew.

Boy George standing with the Jewish people

It’s not the first time that Boy George demonstrated his affinity for Israel and the Jewish people. In the video for the Culture Club song “Do You Really Want to Hurt Me?”, he wore a shirt that read “Tarbut Aguda” in Hebrew letters, which translates roughly to “culture association.” Many Israelis loved seeing Hebrew in a popular music video and embraced the song, the singer, and the band.

Boy George, whose real name is George Alan O’Dowd, has performed in Israel several times, both as a solo artist and with Culture Club. In 2024, he was among over 400 artists and celebrities who signed an open letter in support of Israel’s participation in the Eurovision Song Contest.

In 2020, he collaborated with Israeli musician Asaf Goren on the song “Rainbow in the Dark,” which has English and Hebrew lyrics.

While many online expressed their hate for him – a typical comment on X read “F*** off genocide apologist,” others had words of praise. “You are a ray of light in great darkness,” wrote @tlvboy82 on Instagram. Many posted pictures from the Supernova Festival and the memorial there, and expressed hope that Boy George would perform again in Israel.

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Former Likud minister and Reservists Party Chairman Yoaz Hendel told 103FM on Monday that Bezalel Smotrich’s Religious Zionist Party leadership is abandoning Zionist values and enabling mass draft evasion, one day after the party held its primaries.

In an interview with Amichai Atali and Ilil Shahar, Hendel sharply criticized the party’s leaders for prioritizing their partnership with the haredi parties. He also outlined his vision for a broad Zionist government that would not depend on either haredi or Arab parties.

“This is a list whose leaders have never experienced the army in their lives,” Hendel said. “They never stood eight hours on, eight hours off in a pillbox, at a post or in a defensive position, and that is the truth. The most painful truth is that, at the moment of truth, during wartime, they chose to support the haredi parties and political operatives.”

According to Hendel, that support was reflected in the distribution of government positions and the transfer of budgets that encourage avoidance of military service. He also criticized legislation advanced by the coalition, which he described as “a draft-evasion law and a law that disgraces the Torah.”

“In politics, apparently, everything is permitted, but in the moral, ethical and Jewish world, it cannot be that someone who calls himself ‘Religious Zionism’ encourages mass draft evasion,” he said. “The Religious Zionist Party, the party, not the admirable community, is causing a catastrophe and a disgrace during wartime. They support anti-Zionist legislation and are preventing us from winning the war.”

Yoaz Hendel, head of the Reservists’ Party and former minister, holds a press conference in Petah Tikva, May 10, 2026. (credit: AVSHALOM SASSONI/FLASH90)

A Zionist government without haredi or Arab parties

Hendel, who said he had completed more than 560 days of reserve duty, argued that Zionist values were not limited to settlement in the West Bank.

Zionism, he said, also meant “settlement in Kiryat Shmona, in the North, in the Gaza border communities and in the Jordan Valley,” alongside a commitment to prevent reservists from across the country from being “ground down for hundreds of days.”

He warned that continued political dependence on the haredi parties could eventually damage the fabric of life in Israel.

“We will reach a situation in which there is a non-Zionist majority, and we will break apart into autonomous regions,” he said.

Hendel later presented his party’s platform, emphasizing that it combines right-wing positions on settlement and the judicial system with a demand for shared national service.

“We support settlement, reforms to the judicial system and, at the same time, enlistment in the army,” he said. “The most basic thing is that every Israeli citizen, Jewish, Arab, haredi (ultra-Orthodox), secular, left-wing or right-wing, should do something for his country.”

Hendel also criticized the involvement of elected officials who do not serve in the military in decisions concerning wartime operations.

“It does not seem reasonable to me that Goldknopf sits there and makes decisions about whether I will risk my life, when he does not know what it means to fear a phone call in the middle of the night,” he said.

Asked about the political deadlock reflected in opinion polls and the difficulty of forming a coalition without the Likud under Netanyahu or without Arab parties, Hendel rejected renewed reliance on Ra’am, despite having previously served in a government in which the party was a coalition partner.

“In the government I saw up close with Mansour Abbas, the moment a military operation began, Ra’am suspended its participation in the coalition for several days,” he said. “I do not think a coalition can be formed with non-Zionist parties, Arab or haredi. It did not work, it does not work during wartime, and it will not work.”

Hendel was equally unequivocal regarding Prime Minister Benjamin Netanyahu.

“Netanyahu needs to go home,” he said.

According to Hendel, the way out of Israel’s political impasse is to create a new Zionist political force capable of holding the balance of power.

“We are the solution to the reality in which we are stuck, and we will recommend a candidate for prime minister who can bring together as many Zionist mandates as possible,” he concluded. “Without us, we will reach another stalemate, because that is what happened in the last five elections.”

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The Australian Jewish Association (AJA) has told Australia’s Royal Commission into Antisemitism that government rhetoric, Islamist extremism, and coordinated “lawfare” campaigns have fundamentally altered Jewish life in Australia.

In a 32-page submission shared with The Jerusalem Post, the group says that many Australian Jews are now considering making aliyah because they no longer feel confident in the country’s future. The submission comes just weeks after former AJA president Dr. David Adler announced he had moved to Israel, citing rising antisemitism and security fears as reasons.

The central focus of the submission is that Jewish life in Australia has fundamentally changed, and not for the better.

One noticeable change is the unprecedented increase in visible security at Jewish events. AJA notes that this has become so commonplace at Jewish events that many members of the community now feel uncomfortable attending events that do not have visible security arrangements in place.

AJA has never received any government funding for security expenses and, therefore, incurs significant costs to keep its members safe.

Local residents, both Jewish and non-jewish visit the inundated flower memorial next to Bondi Pavilion to pay their respects at Bondi Beach on December 16, 2025 in Sydney, Australia. (credit: JAMES D. MORGAN/GETTY IMAGES)

Political concerns and fears of public backlash result in venue cancellations

AJA also noted that, for security reasons, the locations of AJA events are not publicly advertised, and addresses are provided only to registered attendees after they have been vetted and, in many cases, only shortly before the event.

While these arrangements are necessary, AJA said they create significant logistical difficulties and are unlike the arrangements required for any other community in Australia. On several occasions, details of AJA events have been leaked, resulting in pressure being placed on venues not to proceed with bookings, the submission adds.

Because of political concerns and the fears of public backlash, many venues are unwilling to host Jewish events, AJA said. Recently, the Queensland Cricketers’ Club declined a booking request from AJA to host an event discussing antisemitism featuring British author Melanie Phillips. The venue cited concerns that hosting the event could be perceived as controversial and could attract negative publicity.

AJA said these experiences demonstrate that antisemitism affects not only individual Jewish Australians but also the ability of Jewish organizations to conduct normal community activities. “Security concerns, venue reluctance, secrecy requirements, and event disruptions have become a routine part of Jewish communal life in Australia,” it said.

Effects of ‘lawfare’

Another aspect of Jewish life that has changed is the increasing use of lawfare.

This relatively new phenomenon has become commonplace since October 7, 2023. “Lawfare” refers to the strategic use of legal, regulatory, and administrative processes to intimidate opponents, disrupt organizations, impose costs, consume resources, or achieve political objectives.

AJA said it has observed a significant increase in complaints, investigations, and regulatory actions initiated in connection with Jewish advocacy and pro-Israel activity. Complaints connected to AJA’s communal and advocacy work have been lodged with bodies as diverse as a local council, medical regulator, anti-discrimination agency, and the Australian Charities and Not-for-profits Commission (ACNC).

It said these complaints are designed to burden Jewish organizations and their representatives with time-consuming and resource-intensive processes.

A notable example involves Australian Jewish Association Tzedakah (AJAT), a charity focused on combating antisemitism.

Anti-Israel activists launched a coordinated campaign seeking to have AJAT’s Deductible Gift Recipient (DGR) status revoked. The campaign involved repeated complaints to the ACNC and other authorities and sought to portray AJAT and AJA as a single organization despite them being separate entities with distinct legal structures and purposes.

It is important to note that, regardless of the outcome of such complaints, the process itself imposes significant costs on Jewish organizations.

AJA itself has been targeted by such techniques. Since October 7, it has received approximately a dozen legal threats, including several Concerns Notices issued by the same law firm.

There were dozens of complaints lodged with the NSW Health Care Complaints Commission (HCCC) in 2024 and 2025 against Adler. None related to clinical care but rather to his work on behalf of AJA and the Jewish community.

AJA CEO Robert Gregory was similarly unsuccessfully targeted following his appointment by Waverley Council to its Multicultural Advisory Committee.

While the complaints rarely succeed, “their cumulative effect should not be underestimated,” said the AJA.

“They consume significant time and resources, impose personal stress on those targeted, and risk discouraging Jewish Australians from participating in public life, community leadership, and democratic debate.

“AJA submits that the strategic use of complaints processes against Jewish organizations and community representatives is an emerging issue that warrants careful consideration by the Royal Commission.”

Threats of violence

Of course, there is also significant discussion of threats within the submission.

One such threat against Gregory and Adler resulted in the first arrest by the Australian Federal Police’s Special Operation Avalite task force, which was established to combat antisemitism.

The threat – a message with a picture of a noose and the words “if you dare show up at the Senate committee, you will all die” – was made on the eve of their appearance before a Senate hearing examining proposed misinformation laws. The offender was subsequently convicted and sentenced.

Underneath a post announcing that Gregory had become a father to a baby girl, someone wrote, “Until we Aussies inevitably put all your genocidal kind in next-gen gas chambers.”

On occasions, authorities have failed to investigate threats against AJA.

Gregory told the Post that AFP recently decided to not take action after AJA reported an emailed threat to firebomb its office, which referred to “filthy f***ing Jews.”The email read: “Hey, what’s up? Hope you guys have a wonderful day, and I hope mine is as wonderful when your f***ing offices get firebombed, you filthy f***ing Jews.”

Gregory alerted the AFP the same day. The AFP responded to the AJA two days later, saying the email did not qualify as a direct threat and was not offensive enough to reach the threshold for an offense. An AFP Counter Terrorism Command detective sergeant emailed: “I understand you consider the email as offensive and menacing towards you and your office. However, unfortunately, the comment is unlikely to reach the offense (threshold).”

The AFP has now reversed its decision and has since opened an investigation.

Governmental failures

On the subject of law enforcement, the submission also sheds light on governmental failures that have led to the proliferation of antisemitism in Australia. “A series of decisions and public statements by the Albanese government contributed to an environment in which antisemitism flourished, and Australian Jews felt increasingly isolated and unsupported,” the submission reads.

AJA noted that the election of the Albanese government ushered in a period in which Australia-Israel relations deteriorated significantly and antisemitism in Australia reached unprecedented levels.

Prior to the 2022 election, AJA publicly warned that the election of Labor would have consequences for the Jewish community.

In October 2022, as Australian Jews gathered to celebrate Simchat Torah, the Albanese government announced the reversal of Australia’s recognition of parts of Jerusalem as Israel’s capital. The decision reportedly came without warning to Jewish communal leaders and triggered a difficult period for the Australian Jewish community.

Over the following months and years, the government altered longstanding bipartisan voting patterns at the United Nations and increased funding to UNRWA. Following the October 7 massacre, many world leaders traveled to Israel to express solidarity with the victims and their families. Leaders from the United States, the United Kingdom, France, and Germany all made visits. Prime Minister Anthony Albanese did not.

AJA also noted concerning statements by government ministers and double standards in the form of sanctioning Israeli ministers while not sanctioning Islamist extremist figures. These actions have led to condemnation even from Australia’s own former prime minister Scott Morrison.

“It is no coincidence that the first Australian government since the creation of the State of Israel to abandon bipartisan policies toward the Jewish state also oversaw the largest surge in anti-Jewish hatred in Australian history,” testified the AJA.

As a result of all of the above, the AJA said it is aware of a growing number of Australian Jews who are actively considering leaving Australia because of rising antisemitism. “These decisions are not being driven by economic hardship or a lack of opportunity. Rather, they reflect growing concerns about the long-term future of Jewish life in Australia and the safety of future generations,” AJA said.

It noted that many of those considering aliyah are highly educated, professionally successful, and active contributors to Australian society, whose departure would represent a loss not only to the Jewish community but to Australia more broadly.

“It is a sad indictment on Australia that many feel safer moving to a country currently fighting a multi-front war,” AJA concluded.

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Hundreds of demonstrators and community leaders converged on New York City’s Upper West Side on Sunday for a “United Against Hate” rally organized by the #EndJewHatred movement. The protest targeted New York City Mayor Zohran Mamdani, holding city leadership accountable for rising crime and accusing the administration of fostering a dangerous climate for minority communities.

The demonstration was organized in the wake of two violent stabbing attacks that occurred days earlier on Thursday afternoon on the Upper West Side. The suspect, identified by police as 51-year-old Raul Morales, allegedly shouted “Allahu Akbar” while targeting two separate victims blocks apart: 50-year-old Moshe Yezhak Grunhaus, a Jewish man stabbed outside his synagogue near Amsterdam Avenue and West 86th Street, and Chok Sung, a 57-year-old Asian man stabbed near West 84th Street and Central Park West.

Later that day, Morales was arrested and charged with attempted murder and assault as hate crimes after being found barricaded inside a nearby NYC Housing Authority building.

The demonstration organizers and speakers argued that the violence was the direct result of mainstreamed rhetoric targeting Israel and Jewish residents.

This friction was compounded by recent controversy surrounding Mamdani’s announcement that his administration had reviewed avenues to arrest Prime Minister Benjamin Netanyahu on behalf of the International Criminal Court should he visit New York for the United Nations General Assembly in September, a move that ultimately concluded he could not legally arrest the prime minister, though he urged activists to protest him.

People attend a rally organised by ''End Jew Hatred'' in opposition to New York City Mayor Zohran Mamdani in New York City, US, July 26, 2026. (credit: Reuters/Adam Gray)

Speakers and attendees at the rally denounced the mayor and local policies, claiming that public safety has eroded under soft-on-crime legislation and inflammatory political discourse. Protesters carried signs and chanted slogans, demanding accountability and structural changes.

‘Remove Mamdani, Arrest Mamdani’

Demonstrators chanted, “Remove Mamdani,” “Arrest Mamdani,” and “Zohran, Zohran, you can hide. We charge you with hate and crime.” Posters featuring an image of the mayor with blood on his hands were displayed at the event.

#EndJewHatred also noted that over 300 family members of 9/11 victims and more than 12,000 signatories have signed a petition urging Mamdani not to attend the 25th anniversary memorial at Ground Zero due to his rhetoric regarding Islamist extremism.

#EndJewHatred Director Michelle Ahdoot addressed the crowd, stating, “We’re here because Mayor Mamdani has blood on his hands,” and adding that his obsessive focus against Western ideology and Israel is inciting violence.

Assembly Member Michael Novakhov announced at the rally that he is formally calling on the US Department of Justice to open a civil rights investigation into New York City, New York State, and Mamdani, declaring that Jewish New Yorkers should not have to hide their identities.

Moshe Spern, a history teacher with the United Jewish Teachers advocacy group, remarked that hatred never stops with its first target, arguing that rhetoric framing Israeli leaders as “war criminals” helped create the climate that led to the Upper West Side stabbings.

‘Mamdani is throwing gasoline on the fire’ said Rabbi Weiss

Rabbi Avi Weiss told the crowd, “A mayor of the city of New York is supposed to bring our communities together. You, Mamdani, are throwing gasoline on the fire, pitting one community against the other after that vile video. You’ve placed a target on the back of each and every one of us, including that attack on the west side.”

Another protester, when asked why she was there, told Newsmax, “I feel like we have to stand up for the United States of America, and I don’t want it to get so far gone that we’re like, ‘Why was I silent?’ We can’t be silent. This man is a danger. He is a charismatic man, we got to give him that, and he’s appealing to people that are not naturally born Americans, people that don’t really have a connection to this country. I think Jewish people are part of the fabric of our country. I’m Catholic, and I believe that our country is first and foremost in everything we do.”

Across the street from the main demonstration, a smaller contingent of anti-Zionist Orthodox Jewish members, associated with groups like Neturei Karta, held a counter-protest, defending the mayor. Rabbi Yisroel Dovid Weiss, of Jews United Against Zionism, told CBS News New York in a live interview at the rally that “They’re against Jews because of what the Zionists are doing, and they think that the Jews are responsible. He is doing a job to clarify that it’s not Judaism. He is doing the Jews a favor.”

Tensions boiled as protesters and counter-protesters clashed verbally and competed for space while police officers attempted to manage the crowds and keep the sidewalks clear. Amidst the shouting matches, police officers stood physically between the opposing factions to maintain order.

After being asked to respond by CBS reporter Ali Bowman to the backlash on Sunday during the Dominican Parade in the Bronx, Mamdani stated, “There’s no tolerance for antisemitism in this city. We have to root out antisemitism from across the five boroughs, and that’s because this is a city that has no room for hate or bigotry of any kind. And when we make criticisms of a nation-state or policies, we have to remember that those are criticisms of exactly that, never of a people, never of a faith.”

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Reverse mortgage experts see some trends emerging amid economic uncertainty and high interest rates.

High interest rates impact reverse mortgages differently than forward mortgages. Instead of raising the monthly payment and reducing what a buyer can qualify for, higher rates in a reverse mortgage lower the principal limit factor (PLF), meaning borrowers can access a smaller share of their home’s appraised value and receive less cash upfront.

At the same time, higher rates cause loan balances to increase faster over time, which can reduce the remaining equity for the borrower or their heirs. For adjustable-rate lines of credit, higher rates also make the unused credit line grow faster, although the accelerated balance growth can still deplete overall equity more quickly.

“What we’re seeing is more affluent borrowers taking advantage of the growing line of credit in the higher-rate environment,” said Shain Urwin, national manager of reverse mortgages at C2 Financial.

Meanwhile, for needs-based borrowers, interest rates have less of a psychological impact because their financial conditions dictate an immediate need for resources. Many of these borrowers are cash-poor but have substantial equity in their homes.

“The interest rate isn’t really an impact to them,” Urwin said. “They might live in a state like California and have a ton of equity, but they’re not able to survive on the rising cost of inflation.”

During the COVID-19 pandemic, when rates hovered around 3%, Urwin said he could secure a 62-year-old borrower a Home Equity Conversion Mortgage (HECM) with the equivalent of a roughly 50% loan-to-value (LTV) ratio. Today, with rates closer to 6%, that figure has dropped to about 30%, he said.

Reverse demographics 

Loren Riddick, national director of reverse lending at NEXA Mortgage, said he has “never been busier” as seniors increasingly recognize the trillions of dollars in untapped home equity available to them.

“When people are using this as a financial planning tool, they actually want the interest rates to go high, because the [line of credit] growth rate is always a half-percent greater than whatever the interest rate is,” Riddick said. “Currently, the growth rate is around 7% on the unused line of credit.”

Riddick sees a clear industry shift toward wealthier, more educated clients utilizing reverse mortgages for financial planning rather than out of pure necessity. At a personal level, he said his business is now comprised of roughly 70% non-needs-based borrowers, compared to an even 50/50 split for NEXA overall.

According to Riddick, the traditional HECM remains the dominant product, accounting for 60% to 70% of the market. Proprietary products make up the remaining 30% to 40%, filling critical gaps where HECMs fall short. 

Furthermore, roughly one in five reverse mortgages are currently used for home purchases, he said. But Riddick would like to see that ratio rise, a shift that would help free up housing inventory for younger families. He has also been vocal against industry “bottom-feeders” who aggressively solicit borrowers to refinance just months after originating a reverse mortgage.

Proprietary products 

Despite the challenges, the high-rate environment is accelerating innovation. “Rates are less impactful in reverse than they are in forward — not that they don’t matter,” said Kim Smith, senior vice president of wholesale lending at SmartFi Home Loans.

According to Smith, proprietary products offer a distinct advantage in the current context.

“Our Choice proprietary reverse mortgage program, in this current rate environment, can really offer higher loan amounts than the traditional HECM program. Rates are fueling the growth of proprietary reverse mortgages,” Smith said. “I don’t know that reverse has a demand issue; I think we have a distribution and education gap.”

Urwin also said that the expanding availability of proprietary reverse mortgage products is helping to push rates down in that segment.

“Investors are bringing in more products and they’re getting the rates lower than they were. They’re giving more options to select how much cash you want to take upfront and lines of credit,” Urwin said.

“With proprietary loans, a typical borrower is getting about 10% more LTV in many cases than they can get on a HECM.”

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Washington — The Federal Open Market Committee convenes for a two-day meeting beginning Tuesday, and for the first time in this cycle a meaningful share of the market is positioned for the central bank to move rates higher rather than lower.

The committee announces its decision Wednesday, July 29, at 2 p.m. Eastern, followed by a press conference at 2:30 p.m. led by Chair Kevin Warsh. Economists polled by FactSet expect rates to hold at 3.5% to 3.75%, which would mark the fifth consecutive meeting without a change.

Markets are assigning roughly a one-in-three chance to a July increase, while CME pricing puts the probability of no change at about 65% for July, with expectations for a September increase climbing to 82%.

The shift in tone within the committee has been sharp. The June dot plot showed nine of 18 policymakers expecting at least one increase during 2026 — a reversal from three months earlier, when none did. Dallas Fed President Lorie Logan has said publicly that a moderate increase would better balance the Fed’s employment and price goals, and Cleveland Fed President Beth Hammack has pointed to energy and AI-related costs as forces pushing inflation higher.

Governor Lisa Cook has flagged inflation running at 3.7%, well above the 2% target, while Vice Chair Philip Jefferson and Governor Christopher Waller have both warned that policy would be reconsidered if inflation does not cool.

Waller, speaking at a Bank of Italy event in Rome on July 6, said the balance of risks has tilted more toward high inflation than toward labor market weakness — a full reversal from the Fed’s stance a year earlier.

Energy is the variable driving the repricing. Rising oil prices have prompted investors to sharply increase bets on an increase later this year. At the start of 2026 many economists expected at least one cut; resurgent inflation tied to energy costs has pushed forecasters the other way. Energy prices have moved higher through most of July, and continued increases could prompt the committee to act sooner than markets currently expect.

Not everyone in the forecasting community agrees. Economists Christopher Hodge and Selin Aker at Natixis expect the Fed to hold at this meeting and through the remainder of 2026, arguing that data since the June meeting leaned dovish. They noted payrolls rose 57,000 in June, following gains averaging 164,000 over the preceding three months. They expect the labor market to remain stable without generating an inflationary impulse, and see the near-term case for holding resting on further subdued inflation readings.

Cooling June CPI and PPI figures form the counterargument to the hawks.

One complication for anyone trying to read the outcome: Warsh has stepped back from traditional forward guidance, and experts do not expect the press conference to reveal much about his outlook. This meeting also does not produce a Summary of Economic Projections, removing the dot plot as a source of signal.

At Warsh’s first meeting as chair, the committee held the rate steady by unanimous vote, following significant disagreement in April. The statement described economic activity as expanding at a solid pace with inflation elevated relative to the 2% goal, and attributed that elevation to supply shocks and energy constraints. The median federal funds forecast for 2026 rose, implying the potential for one increase before year-end, and PCE inflation expectations for 2026 were revised up sharply.

Futures markets are pricing a path that rises to roughly 3.8% by October and approaches 4% around year-end, holding near that level through mid-2027.

For regional borrowers, the practical takeaway is that the era of waiting for cheaper money appears to be over for the foreseeable term. Businesses with floating-rate facilities, commercial mortgages approaching reset, or planned capital expenditure financed on variable terms should be modeling a higher path rather than a flat one. Escalation in the U.S.–Iran conflict feeding through to energy prices is the specific channel most experts identify as capable of raising the probability of a move later in 2026.

JBizNews Desk | Washington

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Rob Gronkowski, the card collector?

The New England Patriots legend said he has been in the “collecting game” since he was a kid and is diving back in as the hobby has surged in popularity once again.

“That’s when collecting trading cards was huge,” Gronkowski told FOX Business. “That was at its peak and then it kind of dipped a little bit, and now it’s at its super peak.”

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“I collected baseball cards and NHL cards. Those were my two favorite hobbies to do.”

Before taking the stage at The National Sports Collectors Convention on Aug. 1, Gronkowski is teaming up with eBay Live to launch “Gronk Geeks Out.” The new series will follow the 37-year-old as he dives headfirst into the world of collecting and learns the ins and outs of the hobby.

One of Gronkowski’s friends made it a point to collect as many cards of the former Tampa Bay Buccaneers tight end as possible during his playing days. 

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“My buddy was a big collector throughout my career, and he was buying cards on eBay of myself,” Gronkowski said. “He did it for like 10 years straight. Then he finally told me, and he has like a hundred of my playing cards, and he said he bought them all off of eBay. He says they’re worth even more now. So he’s all pumped.”

As for Gronkowski, he said there is one player’s card that he would want to pull more than anything else. 

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“If I ever pulled like a one-of-one, or even a number like a one-of-10 Michael Jordan card, that would be absolutely legendary,” Gronkowski said. “I don’t even know if it’s possible anymore or not, but a Michael Jordan pull, a numbered Michael Jordan would be my ideal pull.”

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The city’s publicly owned grocery stores will offer a 30 percent discount on basics, Mayor Zohran Mamdani announced on Monday. One of his key campaign promises to tackle affordability, the mayor plans to establish five city-run food stores, one in every borough, as a way to bring down food costs, the first model of its kind in the United States. A collection of essentials, including all fresh produce, meat, and seafood, will be priced 30 percent below typical retail prices. Other basics like cheese, milk, and bread will be 20 percent off, with other products priced at market rate.

“A trip to the grocery store shouldn’t spell dread for New Yorkers,” Mamdani said in a statement. “That’s why we are guaranteeing a 30% discount on the most common and most critical groceries for families across the five boroughs — including eggs, milk, chicken and fresh fruits and vegetables. In a city that’s defined by unpredictability, you deserve stability — no matter what aisle you’re in.”

According to the mayor, the five NYC Groceries stores will set prices for the core set of goods once a month. The savings will last for the full month, meaning “no fluctuations or sticker shock” at check-out, Mamdani said during a press conference on Monday. A sticker with a QR code will be found on all essential items so shoppers can scan on their phones and see how much it costs.

The discounted prices could add up to savings of $90 per month, or $1,000 per year, according to the city.

The city plans to open the first municipal grocery store next year at a new development in the South Bronx. As 6sqft previously noted, the 20,000-square-foot store will be located at The Peninsula, a redevelopment of the former Spofford Juvenile Detention Center in Hunts Point into a mixed-use complex with 740 affordable apartments.

Another store will open at La Marqueta in East Harlem, the site of one of the city’s original public markets that Mayor Fiorello LaGuardia opened in 1936. All five stores are expected to open by the end of the mayor’s first term in 2029.

In May, the city opened an online portal inviting private property owners to recommend sites for the remaining three stores in Brooklyn, Queens, and Staten Island. The budget deal reached with the City Council last month included $70 million in funding for the stores.

On Monday, the city issued a request for proposals (RFP) seeking grocers or firms to operate NYC Groceries.

The city, through the Economic Development Corporation (EDC), will provide the “grocery-ready” sites, cover rent and property taxes, fund the initial buildout, and create a single public brand for NYC Groceries.

The city will establish requirements for affordability, job quality, and transparency. Operators will be responsible for all daily operations.

Some small business owners worry the city program will undermine their own stores. Frank Garcia of the Multicultural Business Coalition told the New York Times the city’s discounts threaten to close small businesses. Garcia, who said he was prepared to sue to stop the stores, told the newspaper: “How are you going to compete with that?”

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NEW YORK — Mayor Zohran Mamdani said Monday that New York City’s five planned municipal grocery stores will sell a defined basket of everyday staples at 30% below typical retail prices, the first hard number the administration has attached to a campaign promise that has drawn sustained opposition from the city’s independent grocers and bodega owners.

Announcing the plan at a news conference in Brooklyn, the mayor said the discount will apply to a core set of goods and will be reset on a monthly cycle against average market-rate prices across the city. “No exceptions. No gimmicks,” he said of the pricing formula. The covered goods are to include all fresh produce, meat and seafood, along with roughly 20 additional essentials such as cheese, milk and bread. Everything else on the shelves will sell at ordinary market prices.

The details were first reported Monday by The New York Times in a story by public policy correspondent Emma G. Fitzsimmons, published hours before the mayor formally unveiled the program.

The city’s Economic Development Corporation estimates the discount could save a household about $90 a month, or roughly $1,000 a year. The stores will not carry hot food, a carve-out intended to keep them from competing directly with bodegas that rely heavily on prepared meals.

The city is simultaneously issuing a 44-page Request for Proposals (RFP) to select one private operator for each borough. According to the city’s proposal and details reported by The New York Times, New York City will build and own the stores, waive rent and property taxes, and provide operating support to finance the below-market pricing. Private operators will manage day-to-day operations while paying what the city describes as family-sustaining wages and benefits and agreeing to labor peace provisions.

The administration has not yet released detailed financial projections showing the long-term taxpayer cost of maintaining a permanent 30% price discount or how much ongoing operating support the stores may require after opening.

The first location is expected to open in the Bronx next year. A second, in East Harlem, is planned for 2029, while locations in Brooklyn, Queens and Staten Island remain under review. The city’s June budget agreement included $70 million in capital funding for construction.

Mayor Mamdani has also reshaped the leadership of the New York City Economic Development Corporation, appointing longtime city official Anthony E. Shorris as president and former Federal Trade Commission Chair Lina Khan as chair of the board. Shorris told The New York Times the initiative represents one of the administration’s highest priorities because it fulfills a direct campaign commitment.

The proposal immediately intensified an already growing conflict with New York’s independent grocery industry.

The strongest opposition continues to come from the Multicultural Business Coalition, an immigrant-led alliance representing more than 50 chambers of commerce serving Asian, African, Caribbean, Hispanic, Middle Eastern and Jewish-owned businesses throughout New York City.

The coalition is chaired by Frank Garcia. Duvi Honig, Founder and CEO of the Orthodox Jewish Chamber of Commerce, is a co-founder and serves as the coalition’s secretary.

Garcia, quoted Monday by The New York Times, said government-subsidized stores selling groceries 30% below market prices would “put our businesses out of business” and questioned how neighborhood supermarkets paying rent, property taxes and operating expenses could compete against city-backed stores that do not face the same costs. He said the coalition is prepared to file suit to stop the program.

Honig said the administration has yet to publicly release the economic analysis supporting the proposal.

“We ask the mayor to show us the numbers,” Honig said. “All good intentions don’t necessarily make sense, and they can hurt New York City jobs and business owners.”

Coalition leaders say the disagreement is not about making groceries more affordable. It is about whether government should compete directly against the neighborhood businesses already serving those communities.

Independent supermarkets, neighborhood grocers and bodegas employ thousands of New Yorkers and serve as economic anchors in many immigrant neighborhoods, making the debate about more than grocery prices alone. Coalition members argue the proposal also raises broader questions about small-business survival, local employment and the future of neighborhood commercial corridors.

That position is not new.

Garcia told Spectrum News in May that the coalition was already exploring legal action and has since helped organize a $1 million litigation fund aimed at challenging the program. Coalition leaders also say repeated efforts to engage City Hall have gone unanswered.

Rather than creating government-owned supermarkets, the coalition argues the city could lower food costs through tax relief, wholesale purchasing cooperatives, buying-power initiatives or direct consumer assistance that strengthens existing neighborhood stores instead of competing against them.

Store owners were further angered, Garcia told The New York Times, after Gustavo Gordillo, chair of the New York City chapter of the Democratic Socialists of America and a Mamdani ally, suggested during a Fox News appearance that businesses unable to survive a single publicly owned competitor may not have been financially viable to begin with. Coalition members viewed the remarks as dismissive of family-owned businesses that have served their communities for decades.

Supporters of the plan, including food insecurity advocates and City Council members representing neighborhoods slated for the first stores, point to the roughly one in four New Yorkers living in poverty and argue the initiative could provide meaningful relief from rising grocery costs.

Economists generally note that publicly subsidized retail operations can reduce consumer prices in the short term. The longer-term outcome, however, often depends on whether private competitors remain financially viable and whether governments can sustain operating subsidies over time.

The city has also not disclosed how it will measure the program’s long-term financial success or evaluate whether the stores can continue meeting affordability goals without additional taxpayer support.

The next phase will unfold simultaneously in City Hall and, potentially, in court.

As officials move forward with selecting operators for the five municipal grocery stores, the Multicultural Business Coalition says it is preparing legal action that could determine whether New York becomes one of the first major American cities in decades to compete directly with privately owned neighborhood supermarkets on this scale—and what that means for the future of small businesses across the five boroughs.


JBizNews Desk | New York

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Iranian Oil Minister Mohsen Paknejad said Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100 million barrels of stored crude oil and gas condensate.

The sales generated more than 60% of the oil revenue forecast in Iran’s annual budget, Paknejad said.

Previously, The Wall Street Journal estimated that Iran exported roughly 70 million barrels of oil worth an estimated $5 billion to $6 billion during the month-long suspension of the US blockade, rapidly rebuilding a financial buffer before restrictions returned. 

Beginning in late June, about 20 Iranian tankers carrying oil arrived in waters off Malaysia’s east coast. The Diona was among the first vessels to reach the area, followed by the Hero II and the Sonia 1. The Stream arrived on July 13.

Analysts believe the shipments’ ultimate destination was China, which remains Iran’s principal market for sanctioned crude oil.

Motorists drive their vehicles past a political billboard featuring US President Donald Trump and the Strait of Hormuz along Valiasr Square in Tehran on May 26. (credit: Atta Kenare/AFP via Getty Images)

Oil shipments to China continue

Estimates compiled by United Against Nuclear Iran, a US-based advocacy group, and oil analysts indicated that Tehran moved about 70 million barrels during the window between mid-June and mid-July.

Some 50 million barrels left Iran during the second half of June alone, roughly equivalent to one month of prewar Iranian exports to China, according to the advocacy group. The shipments followed a temporary US-Iran agreement signed on June 17 that withdrew the blockade, allowing tankers loaded at Iran’s eastern port of Chabahar to sail toward Asia. Several Iranian tankers had already begun moving through the Strait of Hormuz as the earlier blockade neared its end.

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Nearly two years after the National Association of Realtors (NAR) received final approval on its home seller commission lawsuit settlement, the trade group is hoping to receive final approval on its home buyer commission lawsuit settlement. 

In an order from late June, which was not filed in the court docket until last week, Judge Linsay Jenkins, who is overseeing the Tuccori homebuyer commission lawsuit, announced that a final approval hearing for the Tuccori lawsuit opt-in settlements was scheduled for Nov. 2, 2026. 

The order for the fairness hearing came after another hearing during which Judge Jenkins approved the manner and form of how the settlement class notices. 

The opt-in settlements that will be up for final approval include those those reached by NAR ($52.25 million), Compass ($7.33 million), eXp World Holdings ($4.34 million), Hanna Holdings ($8.25), HomeServices of America ($30 million) and Douglas Elliman ($2.04 million). The settlements all received preliminary approval in May. 

In total, the settling parties in Tuccori have contributed more than $120 million into the Global Settlement Fund. 

The firms that opted into the Tuccori settlement were originally defendants in suits like Batton 1 and 2, Cwynar, Davis and Lutz.

Since these opt-in settlements were announced, the  plaintiffs in other homebuyer commission lawsuits have sought to prevent the settlements from gaining approval. 

In the preliminary approval order for the opt-in settlements, Judge Jenkins wrote that the terms of the settlement, including the amount of each proposed opt-in agreement, are “fair, reasonable and adequate.” She ruled they were negotiated at arm’s length by experienced counsel acting in good faith, including through multiple mediation sessions overseen by a court-appointed special master for mediation.

The judge also wrote that the opt-in agreements were “reached as a result of those negotiations; there has been adequate opportunity for experienced counsel to evaluate the claims and risks at this stage of the litigation; and the Court will likely be able to approve the Opt-In Agreements.” 

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Oil prices fell sharply Sunday after the United States and Iran paused military strikes, easing immediate fears of a disruption through the Strait of Hormuz even as neither government described the move as a formal ceasefire. The decline followed a week that had pushed crude above $100 a barrel, with traders quickly unwinding some of the geopolitical risk premium that had built into energy markets.

President Trump halted U.S. strikes over the weekend after 13 days of steadily escalating military exchanges. Tehran said it had also paused attacks, creating a fragile opening for diplomacy that markets welcomed almost immediately.

The drop in crude reflects relief, not resolution.

At this stage, the negotiations are centered less on uranium than on keeping oil and commercial shipping moving through the Strait of Hormuz.

The latest escalation began after Iran targeted vessels attempting to transit the strategic waterway, prompting nearly two weeks of U.S. strikes against Iranian coastal positions and military infrastructure. Iranian and Omani deputy foreign ministers have since met in Tehran to discuss restoring more predictable commercial shipping through the strait.

A regional official involved in the mediation said discussions are focused on Iran managing vessel traffic with fewer restrictions while preserving an interim framework that has temporarily reduced military activity.

For companies moving cargo—or consumers filling their gas tanks—that distinction matters enormously.

The interim arrangement, signed in mid-June, remains in effect for 60 days and is now well into its second half. While negotiators continue talking, the agreement has largely shifted away from resolving Iran’s nuclear program and toward preventing another disruption in one of the world’s most important energy corridors.

That leaves businesses with a narrow shipping understanding rather than a comprehensive political settlement. Commercial traffic may continue moving normally, but the underlying disputes remain unresolved and could reignite with little warning.

Neither government is willing to call the current situation a ceasefire.

Iran rejected reports suggesting it had accepted a 10-day ceasefire. Foreign Ministry spokesman Esmaeil Baghaei said Tehran would never allow the United States to dictate the timing of war or peace and insisted current conditions could not be described as a ceasefire.

Washington has been equally cautious. U.S. Ambassador to the United Nations Mike Waltz said Sunday that the pause is intended to create space for negotiations while emphasizing that the U.S. military remains fully prepared should diplomacy fail. Speaking on NBC’s Meet the Press and later on Fox News Sunday, Waltz said discussions are continuing at multiple levels, from technical experts to senior officials.

The talks themselves remain indirect, with intermediaries carrying messages between Washington and Tehran following renewed diplomatic efforts led by regional partners.

The pause covers two governments. It does not cover the region.

That became clear over the weekend.

Saudi forces launched strikes against Iran-backed Houthi positions in Yemen following renewed attacks on commercial shipping in the Red Sea. Separately, Ukraine reportedly struck an Iranian commercial vessel in the Caspian Sea that Kyiv said was transporting military cargo destined for Russia, while Tehran condemned the attack as unlawful.

The result is that shipping concerns now extend beyond Hormuz.

The Bab al-Mandeb Strait at the southern entrance to the Red Sea has reemerged as another major risk for global commerce. While Gulf oil has few alternatives to Hormuz, cargo vessels traveling between Asia and Europe can reroute around Africa—but only at the cost of adding roughly two weeks to transit times along with significantly higher fuel and freight expenses.

Even if neither waterway officially closes, insurance premiums and shipping rates often rise simply because of elevated risk.

For American businesses and consumers, the immediate effect of falling crude is welcome. Lower oil prices reduce pressure on transportation costs, freight rates and eventually gasoline prices, easing one of the biggest inflation concerns facing households this summer.

The challenge is that markets have priced in a pause rather than a lasting peace.

Economists have warned that renewed fighting could quickly reverse oil’s decline, pushing transportation costs higher once again while increasing pressure on the Federal Reserve to keep interest rates elevated—or even consider additional increases later this year if energy-driven inflation returns.

Businesses preparing fourth-quarter budgets therefore face an unusual challenge. Fuel costs are now being determined by an arrangement neither side is willing to define, negotiated through intermediaries, operating under a 60-day framework that is already past its midpoint.

Oil traders have priced in a pause. Businesses still have to plan for the possibility that it ends without warning.

The shooting has stopped. Nothing else has been settled.


JBizNews Desk | New York

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The Federal Reserve is widely expected to leave interest rates unchanged Wednesday, extending a pause that has defined monetary policy throughout 2026. According to FactSet, economists overwhelmingly expect the Federal Open Market Committee to keep its benchmark federal funds rate in a target range of 3.5% to 3.75%, placing even greater attention on what Chair Kevin Warsh says after the decision rather than on the decision itself.

Markets have become accustomed to steady rates this year. What has changed is how the Fed communicates. Warsh, now presiding over his second policy meeting as chairman, has signaled that investors, businesses and consumers should expect far less guidance about where interest rates are headed than they received under previous leadership.

For many business owners, Wednesday may be less about today’s rate decision than tomorrow’s uncertainty.

Warsh’s first meeting as chairman in June offered a preview of that approach. The committee unanimously voted to leave rates unchanged, but the accompanying statement was significantly shorter than those issued in recent years. During his first press conference as chair, Warsh said forward guidance no longer serves policymakers well under current economic conditions and declined to submit his own interest-rate projection to the committee’s closely watched “dot plot.”

That shift has left businesses with fewer clues when planning hiring, inventory purchases, capital investments and financing decisions.

Behind the unanimous June vote, policymakers remain divided over where inflation is heading. Minutes from the meeting showed officials weighing sharply different scenarios. Some believe inflation will continue easing enough to justify future rate cuts, while others warn that persistent price pressures could require additional increases before the end of the year.

Warsh has publicly remained firm on one point. Speaking at the European Central Bank’s forum in Sintra, Portugal, on July 1, he reiterated that inflation remains too high and rejected any suggestion of raising the Federal Reserve’s longstanding 2% inflation target.

Energy prices have complicated that outlook.

Oil briefly climbed above $100 a barrel last week after escalating tensions involving Iran raised concerns over global supplies, reinforcing fears that inflation could remain stubborn. Prices then retreated after the United States and Iran paused military hostilities over the weekend, easing immediate concerns about disruptions to energy markets.

That rapid reversal has left economists debating whether the Fed should respond at all.

Bank of America economists argued the temporary surge made July a much closer decision than markets initially believed, warning that failing to act could raise questions about the Fed’s commitment to fighting inflation. At the same time, they noted that raising rates in response to a temporary supply shock would conflict with Warsh’s own emphasis on looking beyond short-term disruptions. JPMorgan economist Michael Feroli has said a rate increase would likely require Warsh to persuade several colleagues who remain hesitant to tighten policy further.

Other economists continue to expect patience. Gregory Daco, chief economist at EY-Parthenon, wrote that a July increase remains unlikely and believes September could become the first meaningful opportunity for policymakers to determine whether recent progress on inflation proves sustainable.

The real message may come during the press conference rather than in the policy statement itself.

For households and small businesses, another pause means borrowing costs remain elevated. Businesses financing equipment, inventory or expansion projects will continue paying higher interest expenses, while consumers are unlikely to see meaningful relief on mortgages, auto loans or variable-rate credit products. Savers, however, continue benefiting from relatively attractive yields on savings accounts and other short-term investments.

The larger challenge for business leaders is planning ahead. Earlier this year, many economists expected the Fed to begin cutting rates during 2026. Instead, persistent inflation and volatile energy prices have shifted expectations toward the possibility of additional increases before year-end.

Wednesday’s decision may therefore answer only one question—whether rates stay where they are today. The bigger question for Wall Street, Main Street and financial markets alike is whether Kevin Warsh offers even the slightest indication of what comes next.


JBizNews Desk | New York

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Twelve torah scrolls were stolen on Sunday night from the Grand Synagogue of Levallois (ACCIL) on the outskirts of Paris, the synagogue’s rabbi and the Jewish Community Protection Service (SPCJ) confirmed Monday.

According to initial reports, two individuals broke into the building and stole the scrolls. This occurred despite the premises being protected by cameras and extensive surveillance systems.

Rabbi Chalom Lellouche said he discovered the theft on Monday morning while preparing to host a bar mitzvah. As soon as he reported it, SPCJ conducted a thorough search of the premises and then called the police. The investigation is ongoing.

“It was with shock and anger that I learned this morning that the Jewish community of Levallois had been struck at what is most sacred and precious to it,” said Levallois Mayor Agnès Pottier-Dumas.

She said the municipal and national police were immediately notified and have been working on the case since this morning.

(From L) Chief Rabbi of France Haim Korsia, France's President Emmanuel Macron and Anne-Laure Abitbol, sister of Ilan Halimi, a 23-year-old French Jew who was tortured and murdered in 2006, attend a ceremony commemorating the 20th anniversary of his murder at The Elysee Presidential Palace in Paris. (credit: BERTRAND GUAY/Pool via REUTERS)

A ‘clearly criminal act’ but also antisemitic

“Whatever the motives of those who committed this sacrilegious act, which has profoundly shaken the Jewish community to its core, the antisemitic nature of this despicable crime must be denounced,” she said, noting that the Torah alone was targeted, and that more expensive objects of non-religious value were left untouched.

“We also hope that these sacred scrolls, whose value is beyond measure, can be recovered. And for those who believe, we stand united in prayer with the Jewish community, wounded by this heinous act.”

Rabbi Chalom Lellouche and Philippe Cohen, President of ACCIL Levallois, released a joint video denouncing the severity of the incident.

“It was clearly a criminal act, but also an antisemitic one,” the men said.

They also noted that the assailants were clearly professionals, having successfully skirted the walls and evaded the security systems.

“This is a spiritual trauma for all the Jewish community of France, and indeed across the world,” added Chellouche and Cohen. 

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The High Court of Justice should temporarily freeze a law separating the Justice Ministry’s Police Investigation Department from the State Attorney’s Office, Attorney-General Gali Baharav-Miara argued on Monday, warning that it would create a “political prosecution unit” capable of intimidating police officers, investigators, prosecutors and journalists.

This is a developing story. 

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At least one shot was fired outside the US consulate in downtown Toronto early on Monday, but there were no injuries, police said, in what was the second such incident in the last four months.

Police officers, alerted by the sound of a gunshot, said they found evidence of a weapon having been fired outside the building on University Avenue.

In a post on X, police said a white sedan was seen fleeing the scene, adding no injuries were reported, they said.

A Reuters reporter on the scene said police had sealed off the immediate area.

Toronto Police officers work at the scene of a shooting at the U.S. Consulate in Toronto, Ontario, Canada July 27, 2026. (credit: Arlyn McAdorey/Reuters)

Multiple incidents of shootings in Toronto

On March 10, several shots were fired at the same building. The incident followed three separate incidents in which gunshots were fired at synagogues in the Toronto area.

In June, police said, without providing any more details, that young people in the Toronto area were being paid to shoot at various targets, including synagogues, Jewish schools, and the US Consulate.

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Security forces arrested nine suspects in overnight raids across the West Bank, including the father of the Palestinian terrorist who carried out Friday’s deadly shooting near Gilad Farm, Israel Police said Monday.

Police did not say what the father was suspected of and did not allege that he was involved in the attack itself. He was transferred for questioning.

Three other wanted suspects were arrested in the Balata refugee camp in Nablus in an undercover Border Police operation directed by the Shin Bet (Israel Security Agency).

Police said the three were suspected of involvement in terrorist activity but provided no further details and did not say whether they were believed to have any connection to Friday’s attack. They were transferred to the Shin Bet for questioning.

In separate operations in Tal near Nablus, Ramallah, Shuweika near Tulkarm and Bani Naim near Hebron, Border Police arrested six additional suspects, including the attacker’s father.

Border policemen operating in the West Bank on Monday.  (credit: ISRAEL POLICE)

Charges include incitement to terrorism, rioting, smuggling

Police said those arrests concerned suspicions of incitement to terrorism, rioting, smuggling Palestinians without permits into Israel and other offenses. 

Maj. Yuval Ezra, 27, an artillery battery commander, and Sgt.-Maj. (res.) Benyahu Mellet, 32, a member of Gilad Farm’s local security team, were killed in the Friday shooting.

The attack began after a group of Israeli hikers entered Palestinian Authority-controlled territory near the village of Tal and clashed with local Palestinians. According to the IDF, a Palestinian attacker seized a security officer’s rifle and opened fire at the Israelis. He was killed at the scene.

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When membership numbers soften, the instinct inside most Realtor associations is to assume the value has eroded. Leaders start asking what new benefit they can bolt on, what shiny program might justify the dues. It is the wrong diagnosis, and the wrong diagnosis leads to wasted money and motion. The data tells a more uncomfortable and useful story. 

The MGI Benchmarking Report found that only about 11% of associations describe their own value proposition as very compelling. Read that again. The organizations themselves are not sure they are making the case. That is not a value problem. That is a communication problem, and it is the most fixable problem in the industry.

Consider what actually changed. For 30 years, the MLS did the communicating. An agent did not need a brochure explaining why membership mattered, because the value showed up every morning in the only tool they could not work without.

When the data and the dues were a single purchase, the association never had to develop the muscle that explains, in plain language, what a member gets for the money. Now that NAR has decoupled membership from MLS access, that muscle has to do the heavy lifting, and across most of the field it has atrophied from disuse.

The core discipline here is the oldest one in sales, and most associations have quietly stopped practicing it. A feature is what you offer. A benefit is what the member gets. Associations lose the dues argument because they recite features. “We have a legal hotline.” “We offer continuing education.” “We provide advocacy.” Those are inventory, not value. The member hears a list of things the organization does and is left to translate it into something that matters to their income, safety, time or reputation. Most members do not do that translation. They just see a bill.

Features vs. benefits

Watch how the same fact changes when you translate it. “We have a legal hotline” is a feature. “One phone call keeps a contract mistake from becoming a lawsuit that ends your business, and the membership pays for itself the first time you use it” is a benefit. “We offer education” is a feature. “Realtors with a designation have historically reported median income nearly double that of agents without one” is a benefit. The underlying service did not change. The sentence changed, and the sentence is what the member buys.

The MLS was a peculiar asset in this respect, because it was the rare benefit that doubled as its own feature. You could say the word MLS and the value communicated itself, instantly, with no translation required. That is precisely why its removal from the bundle is so destabilizing. It was carrying the entire communication burden, and when it left, it exposed how little the rest of the value had ever been articulated.

There is a measurable perception gap inside this problem that association leaders need to internalize. Research consistently shows a divergence between what staff and leadership believe members value and what members actually rank highest. Boards are often proudest of governance and advocacy work, which is important but abstract to a working agent.

Members, when asked, put income and career growth at the top, well above the institutional priorities the organization tends to lead with. If your communication leads with what you are proud of rather than what they rank first, you are speaking past the very people you are trying to retain.

What does fixing a communication problem actually look like at an executive level?

It looks like discipline, applied consistently, not a one-time campaign. Start by auditing every benefit you publish and asking a single question of each one: Is this sentence about us or about them? Rewrite anything that is about you. Lead with the member’s bottom line and connect the institutional work back to it, rather than the other way around. Put a dollar figure on the membership wherever you honestly can, because an agent now weighing dues against zero is reasoning in numbers, and a number answers a number.

Then make the communication relentless rather than seasonal. The most common reason members lapse is not that the value disappeared but that they stopped noticing it. Assume your value is invisible until proven otherwise, and over-communicate it at every touchpoint, inonboarding, in renewals, in every event and email in between. The associations that hold their base are not the ones with the longest benefit lists. They are the ones whose members can actually articulate, in their own words, what the membership does for them, because the association said it so often and so clearly that it finally stuck.

This reframe matters because it changes where leadership spends its limited time and budget

If you believe you have a value problem, you spend the next two years and a lot of money chasing new programs, most of which members will never notice. If you understand you have a communication problem, you spend that same energy re-selling the substantial value you already deliver, in language members care about, on a schedule they cannot miss. The second path is cheaper, faster, and far more likely to work.

The value is real. It always was. The job in front of every association is not to invent a reason to belong. It is to say the reasons you already have, clearly, repeatedly, and in the member’s own language, until the case for membership is as obvious as the MLS login screen used to make it.

It helps to see the discipline applied to a benefit leaders rarely think to translate. Take governance participation, the committees and volunteer structure most associations describe in purely institutional terms. The feature is a seat on a committee. The benefit, properly framed, is influence over the rules that govern the member’s livelihood, plus a network of relationships with the most engaged professionals in the market. One sentence describes an obligation. The other describes an opportunity. The underlying service is identical.

The framing determines whether a member sees a burden or a benefit, and the framing is entirely within the association’s control. Multiply that single translation across every line of the value stack, and the cumulative effect on how members perceive their dues is substantial. That is precisely why the communication discipline, and not a new program, is the highest-leverage investment a board can make this year.

Darryl Davis, CSP, is a national speaker, real estate coach, and the bestselling author of How to Become a Power Agent in Real Estate. Don’t miss this month’s free webinar series at PowerAgentWebinar.com. Through his POWER AGENT® Coaching Program, he helps real estate professionals build thriving businesses and lives at the Next Level®. Learn more at darrylspeaks.com.

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

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

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The calendar may be telling Beazer Homes investors something

Over the past six months, the homebuilding industry’s most closely watched M&A drama has evolved from an unsolicited acquisition proposal into a public test of value, strategy and shareholder patience.

Dream Finders Homes has steadily increased its hostile all-cash offer for Beazer Homes – from an initial private proposal early this year to a public $25.75-per-share bid in May, followed by successive increases to $29.25 and, most recently, $32 per share. 

Along the way, Beazer’s board has repeatedly maintained that the DFH offers undervalue the company, while disclosing that it has also received interest from additional parties regarding what it describes as “a range of potential transactions.”

The latest chapter has shifted away from price alone. Dream Finders says it is prepared to execute a confidentiality agreement immediately so it can begin due diligence, but it has resisted Beazer’s proposed 12-month standstill, arguing that such a provision would unnecessarily limit its ability to re-engage shareholders or nominate directors should negotiations fail. Beazer, meanwhile, has maintained that all interested parties should operate under the same customary process.

Against that backdrop, Beazer’s upcoming fiscal third-quarter earnings release has taken on significance that extends well beyond quarterly orders, margins and deliveries.

Beazer plans to release its fiscal third quarter results on August 10th. The timing of the release is potentially more interesting than any results it may report. Over the past decade, Beazer reported its third quarter results on one of the last days of July, or the 1st of August at the very latest. Like clockwork. Through COVID.

But this year, the company plans to release its results on August 10th, … the very last day it has to file its quarterly 10-Q with the Securities and Exchange Commission. The change relative to its normal timing is “interesting.” Investors and analysts are left to wonder if this is just a placeholder with other news potentially coming prior to this.

Holders of Beazer stock seemingly think that there’s more in store, as shares of Beazer have been holding above $32 – the price in Dream Finders’ most recent hostile proposal on July 8th – despite the headwinds facing the industry with rising mortgage rates and a cautious consumer. This suggests that these holders of Beazer stock likely think that there will be yet another increased proposal from Dream Finders or from another buyer.  Beazer shares are up more than 60% in 2026, far more than the shares of other builders, and likely driven by hope and speculation that Beazer would be acquired by Dream Finders or another builder.

What will the next two weeks bring? Time will tell. Holders of Beazer shares seem to be hoping for something more than just Beazer’s earnings release on August 10th.

Whether that “something more” proves to be another move by Dream Finders, a competing bidder, or simply Beazer’s own case for remaining independent remains to be seen.

What is becoming clear is that the market is no longer valuing Beazer solely on its operating performance. For now, investors appear to be assigning meaningful value to the possibility that the company’s future will ultimately be determined not only by its operating performance, but by what comes next in one of homebuilding’s most closely followed takeover contests.

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A new two-story food hall featuring established New York City institutions and emerging culinary vendors is slated to open this fall at Manhattan West. Brookfield Properties last week unveiled The Market Hall, a 34,000-square-foot food hall featuring 12 casual food concepts, a full-service restaurant, and a rooftop terrace bar at 398 10th Avenue. The market replaces the development’s original food hall, Citizens New York, which closed in April 2025.

Shifka, a Middle Eastern-inspired pita counter in Noho, will open its second location at The Market Hall, while Springbone will serve hearty, health-focused bone broths and nutritious bowls.

Matter, billed as the world’s first “precision nutrition” restaurant, will offer clean, nutrient-dense meals tailored to individual health goals. Super Burrito will bring its popular San Francisco Mission-style burritos to Manhattan’s West Side and oversee the design of the food hall’s bar concepts.

Sushi Counter will serve high-quality Australian-style hand rolls, while BKLYN Larder, the iconic Brooklyn specialty food shop, will open its first Manhattan location at The Market Hall with signature sandwiches, fresh pastries, curated cheeses and gifts.

Finally, California-inspired Alfalfa, which has locations in Los Angeles and New Jersey, will bring thoughtfully sourced salads, wraps, farmstand plates, smoothies and specialty coffee to the food hall.

Joining the vendors will be several retail and service tenants, though further details have not yet been disclosed. The food hall will also feature a rooftop terrace bar.

Envisioned as a central dining destination and social hub, The Market Hall will serve area residents, as well as nearly 30,000 office employees and tourists who pass through Moynihan Train Hall, Hudson Yards and Madison Square Garden daily.

There is no specific opening date yet, though the grand opening is anticipated this fall. According to Brookfield Properties, The Market Hall will open with a full lineup of events, tastings and partner promotions.

Photo © Tayler Crothers of CTC Studio / Courtesy of Brookfield Properties

The Manhattan West development was completed in 2024 after decades of planning. The seven-million-square-foot neighborhood includes six buildings, including office towers, a residential building, and one boutique hotel, along with retail space and two acres of public open space.

Manhattan West is home to several cafes and restaurants already, including Cafe Grumpy, Bluestone Lane, Daily Provisions, P.J. Clarke’s, Ci Siamo, and more.

RELATED:

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U.S. manufacturers are beginning to see signs of steadier demand after months of uneven ordering, as companies rebuild inventories and prepare for the fall production season. Recent factory surveys indicate new orders are gradually improving, particularly in technology equipment, industrial machinery and aerospace, even as businesses remain cautious about tariffs and global economic uncertainty.

Manufacturers say customers are placing orders more strategically, with less stockpiling than during the pandemic but greater confidence than earlier this year. Many companies are also reporting shorter delivery times, giving purchasing managers more flexibility in managing inventories.

Factory floors are becoming busier—but not because companies expect another supply-chain crisis.

The improvement reflects a shift toward normal purchasing patterns as businesses balance inventory levels with customer demand. While some sectors, including housing-related manufacturing, remain under pressure from higher borrowing costs, others tied to infrastructure, defense and artificial intelligence continue to expand.

For suppliers, transportation companies and equipment manufacturers, steadier factory activity could translate into stronger business during the second half of the year. Increased production also supports employment across logistics, warehousing and industrial services.

Business leaders are looking for consistency more than rapid growth.

Economists say the outlook will depend on inflation, interest rates and global trade policy. If demand continues to improve while supply chains remain stable, manufacturers could enter the final months of the year on firmer footing than many expected.


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Yashar Party leader Gadi Eisenkot is facing criticism from Cypriot politician and member of the European Parliament, Fidias Panayiotou, over a billboard campaign in Cyprus.

Panayiotou took to X/Twitter on Sunday to express his concerns about the billboards.

He stated, “This photo was not taken in Israel, but in my country, Cyprus. This time it is political propaganda, but it is also becoming increasingly common to see billboards advertising real estate in Hebrew across the island.” 

Panayiotou concluded, “This is simply not right. We must defend Cyprus’s sovereignty.”

Israel’s elections are slated for October 27.

The ad campaign consists of a series of billboards located around the airport, making them visible to both arriving and departing travelers. The billboards read: “Israelis, enjoy! You deserve it,” accompanied by Eisenkot’s photo.

Eisenkot’s office informed The Jerusalem Post that the campaign is expected to expand into other countries throughout the summer. They emphasized that the initiative aims to convey a positive message to Israelis about achieving victory in the elections.

This is a developing story.

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National Security Minister Itamar Ben-Gvir told 103FM on Monday that he had ruled out another joint election run with Finance Minister Bezalel Smotrich’s Religious Zionist Party, arguing that the two parties appeal to fundamentally different electorates.

The Otzma Yehudit leader expanded by telling 103FM the reasons why he believes the two parties should run separately in the next election.

“The difference between the public that votes for them and the public that votes for me is like heaven and earth. They are a sub-sector within religious Zionism. It is important, and I love that sector, but they are national-religious voters with what is called a very, very specific orientation. That is not all national-religious voters. They appeal to a sector within religious Zionism; I appeal to all the people of Israel. I am everyone’s Itamar,” Ben-Gvir said.

“I belong to everyone. I belong to secular Israelis, traditional Israelis, Masuda from Sderot, Moshe from Kiryat Shmona and Greenbaum from Ramat Aviv.”

“First of all, Smotrich is a very smart politician and a very talented minister. He truly deserves a great deal of credit for what he has done for the settlement movement, but he appeals to a very, very specific sector,” Ben-Gvir said regarding his partner in the government. 

(L-R): National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich seen in the Knesset plenum, December 29, 2022 (credit: YONATAN SINDEL/FLASH90)

Ben-Gvir warns against broad unity government

Ben-Gvir said there was also a practical reason for opposing another merger between the parties.

“Sometimes these things clash. The problem is that one plus one does not always equal two. I want there to be a right-wing government, and for there to be a right-wing government, sometimes one party weakens the other,” he said. “I appeal to everyone. I appeal to the South, the North, the periphery and the haredim. I appeal to everyone,” he said.

“The boundaries I set are very, very clear,” he said. “I want a government whose character is very, very clear, a right-wing government that acts rather than one that is paralyzed,” he added.

Ben-Gvir also addressed Prime Minister Benjamin Netanyahu’s recent remarks that he would seek to establish as broad a government as possible.

“I am honestly a little concerned about Netanyahu’s drive for a unity government with Eisenkot and Bennett,” he said. “It is a drive that I do not understand. After all, if he truly wants to pursue judicial reform, dismiss the attorney-general and do all sorts of things like that, how will he do it with Eisenkot?”

Ben-Gvir explained why he opposed cooperation with the proposed Peace Council in Gaza and discussed his political power and standing.

“Throughout the past year, I opposed what was happening in Gaza,” he said. “The decision in Gaza must involve encouraging emigration. There can be no cooperation with Hamas, and foreign forces cannot be relied upon. Even those who believed in those things need to look at reality.

“Hamas is not disarming. It is only trying to rebuild itself. Under these circumstances, I told my colleagues, ‘I do not understand how we can talk about a Board of Peace. With Hamas, you speak only through the crosshairs.’

“I say this is the wrong step. People will have an opportunity in the next election. If I have not six seats but 12 or 15, my power will be much greater.”

Ben-Gvir further said, “I think I influenced Netanyahu a great deal over the past two and a half years on many issues. Things he did not dare to do in the past, or perhaps dreamed of doing, he did. I do not know whether that was because of Itamar Ben-Gvir.

“My presence in the security cabinet and the fact that I lead a hard-line approach do have an impact,” he said.

Later in the interview, Ben-Gvir described what he said was the change that had taken place in Israeli prisons.

“It is time you understood that while you are snickering, the terrorists wet themselves at night,” he said. “It is time you understood that this contemptuous talk about ‘pitas and crocodiles’ is what we dismissed throughout the state’s 78 years of existence.”

“It reached the point where you would enter an Israeli security prison and find a terrorist playing ping-pong. Next to him was a large refrigerator full of meat, beside that was a lawn, and there was a store with 20 kinds of shampoo,” he added.

“The entire concept was that it paid to be a terrorist. Then Itamar Ben-Gvir came along. He was not an army general and was not an officer, and now there is no one, including the head of the Shin Bet, who does not come to me and tell me, ‘You deserve the Israel Prize for what you did in the prisons,’” he said.

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The Trump administration’s new tariffs on nearly all U.S. imports took effect at 12:01 a.m. Friday, yet Wall Street barely reacted. The Office of the U.S. Trade Representative formally implemented the long-anticipated duties after weeks of signaling the policy, leaving investors largely unfazed. For consumers and businesses, however, the biggest effects may not become visible until higher-priced goods begin reaching store shelves later this year.

That stands in sharp contrast to April 2025, when the administration’s surprise “Liberation Day” tariffs triggered a broad market selloff. The policy is similar. The reaction is not.

Investors had months to prepare for Friday’s move. The administration previewed the framework in June, and importers had been racing to adjust supply chains before the previous temporary 10% tariff expired on July 24. By the time the new duties arrived, financial markets had already priced them in.

Markets respond to surprises. Businesses pay for reality.

That difference explains why a quiet trading day should not be mistaken for a painless policy change.

Analysts say this round of tariffs enters a far different economic environment than last year’s measures. Inflation has already reaccelerated following higher energy prices tied to the Iran conflict, leaving businesses with less flexibility to absorb additional costs.

The legal foundation has also changed. Rather than relying on the authority used for the 2025 tariffs, the administration is pursuing these duties under Section 301 of the Trade Act of 1974, citing alleged forced labor practices among trading partners. Officials have indicated they intend for the new tariffs to remain in place for the long term, giving companies less reason to assume they can simply wait for them to disappear.

For importers, that changes planning decisions. Temporary tariffs can often be managed through delayed purchases or short-term sourcing adjustments. Permanent tariffs become part of every pricing calculation.

The impact reaches nearly every major supplier to the United States.

According to administration figures, the affected countries account for roughly 99.4% of U.S. imports. Most goods will face tariffs between 10% and 12.5%, depending on whether exporting countries have adopted or committed to specific labor standards.

That broad coverage is what makes this round different.

During earlier tariff disputes, companies often shifted production from one country to another to reduce costs. Manufacturers moved orders from China into Vietnam, Mexico or other lower-cost markets. This time, many of those same alternative suppliers—including Canada, Mexico, India, Indonesia, Malaysia, Bangladesh, Cambodia, Sri Lanka, the United Kingdom, Taiwan and the European Union—are also covered.

With only a narrow difference between the two tariff levels, businesses have far fewer opportunities to avoid higher import costs simply by changing suppliers.

For consumers, the effects typically arrive weeks after the headlines disappear.

Tariffs are paid when imported goods clear customs, but retailers often pass those higher costs through gradually as existing inventory is sold and new shipments arrive. That means households may not immediately notice higher prices, even though businesses begin paying the additional costs right away.

The timing is particularly difficult because transportation expenses have already been climbing as higher fuel prices work their way through shipping contracts. As freight costs and tariffs converge over the coming months, businesses could face two cost increases arriving almost simultaneously.

More trade measures are also on the horizon. The administration recently imposed 25% tariffs on most Brazilian imports, while separate 50% tariffs on many Canadian goods are scheduled to begin next month. Because those actions arise from different legal authorities, some importers could face multiple tariff regimes depending on the products they bring into the United States.

For distributors, retailers and manufacturers, that means more complicated compliance requirements alongside higher costs.

The calm response on Wall Street reflects one simple fact: investors expected Friday’s announcement. Consumers, however, experience tariffs differently. They encounter them only after higher import costs move through factories, warehouses, transportation networks and retailers before finally reaching the checkout counter.

April 2025 demonstrated how tariffs can shake financial markets overnight. July 2026 may ultimately be remembered for something different: a tariff policy that barely moved Wall Street but steadily worked its way into household budgets across America.


JBizNews Desk | New York

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Paramount Skydance’s planned takeover of Warner Bros. Discovery is moving into a prolonged court fight after California and 11 other states sued to block the $110 billion merger, arguing that combining two of Hollywood’s five remaining major studios would give the new company too much control over films, television programming and streaming content.

Filed July 13 in federal court in Northern California, the case reaches far beyond the two studios’ movie businesses. Paramount brings CBS, Showtime, Paramount+, Nickelodeon, MTV and Comedy Central, while Warner Bros. Discovery controls HBO, CNN, TNT, TBS, Discovery and one of the industry’s largest film and television libraries.

Bringing those assets together would create a company with extraordinary influence over what theaters show, what television distributors carry, what advertisers buy and how much rival streaming services pay to license popular programs.

State attorneys general contend that the transaction would reduce competition between studios for scripts, directors, actors and production workers while giving the combined company greater leverage over theaters and distributors. Fewer major buyers for creative work could also weaken bargaining power across an industry already dealing with layoffs, shrinking cable revenue and pressure to make streaming profitable.

Paramount and Warner Bros. agreed in February to a transaction valued at roughly $110 billion, including debt. The companies have presented the combination as a way to compete more effectively with larger technology-backed streaming platforms, where scale determines how much can be spent on programming, advertising and international expansion.

That argument now faces a different calculation in court. Becoming large enough to challenge Netflix, Amazon and Apple may strengthen the combined company, but regulators must decide whether the same scale would leave filmmakers, theaters, advertisers and viewers with fewer meaningful alternatives.

Uncertainty surrounding the deal is likely to stretch well beyond the courtroom. Integration plans cannot move forward normally while the merger remains contested, leaving employees unsure which divisions may be combined, sold or eliminated. Suppliers and production partners must also make decisions without knowing whether they will eventually negotiate with two studios or one.

Debt adds another layer of pressure. Large media mergers are often justified through cost savings, yet those savings typically depend on quickly combining operations and cutting duplication. A delayed closing postpones those benefits while financing commitments, legal expenses and strategic uncertainty continue to build.

For competitors, the pause creates an opening. Rival studios and streaming services can pursue talent, licensing agreements and advertising relationships while Paramount and Warner Bros. remain focused on winning approval.

No court has yet decided whether the transaction violates antitrust law, and the states still must prove that the merger would cause the competitive harm described in their complaint. What was initially presented as a scale-building answer to Hollywood’s financial pressures has nevertheless become a broader test of how much consolidation regulators will allow before the industry’s remaining major players become too powerful to combine.

JBizNews Desk | Wall Street

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Hezbollah and Iran took advantage of a gap in Lebanon’s education system to create schools that can indoctrinate the next generation of martyrs and elite in their cause, according to a new report by Col. (ret.) Dr. Jacques Neriah published in the Jerusalem Center for Security and Foreign Affairs.

Although Shiite religious leaders and political figures launched several initiatives to address the educational disadvantages experienced by Lebanon’s Shiite community during the Ottoman and French Mandate periods, significant changes in Shiite education accelerated during the second half of the 20th century.

Earlier efforts included the establishment of modern religious and social institutions, as well as the spread of secular ideologies such as Marxism among segments of the community. However, many Shiite communities, particularly in rural areas, continued to rely on traditional religious scholarship, where basic literacy and Islamic studies remained central.

The 1979 Islamic Revolution in Iran ultimately shaped Shiite educational networks in Lebanon into pro-Hezbollah and pro-Iran institutions of radicalization.

Hezbollah and Iran’s investment in education began early in the movement’s history.

People hold posters depicting Hezbollah chief Naim Qassem and Iran's late Supreme Leader Ayatollah Ali Khamenei, who was killed on February 28 in Israeli and US airstrikes, as people gather to mourn him, in the southern suburbs of Beirut, Lebanon, July 8, 2026. (credit: MOHAMED AZAKIR/REUTERS)

Islamic Republic contributed funds towards construction of schools, institutions

Former Hezbollah Secretary-General Sayyid Abbas al-Musawi, before the terror group was founded, established the Imam al-Muntazar Hawza for Islamic Studies in Baalbek in 1979, with direct support from Grand Ayatollah Muhammad Baqir al-Sadr in Iraq and the Islamic Republic.

The opening ceremony was attended by the Iranian ambassador in Damascus, and it was announced that the Islamic Republic contributed $35,000 and 10,000 Syrian liras toward the construction of the hawza.

Schools for the Shiite community operating outside of the state system began opening more rapidly in Lebanon’s South after the fall of the Pahlavi Dynasty and the 1982 Lebanon War, which largely disrupted the secular left, the report noted. The Islamic Revolutionary Guards were quick to take advantage of the situation.

Throughout the 1980s, Iranian funding was channeled to Shiite religious schools, alongside rhetoric surrounding “Hezbollah’s students” and “Educational Mobilization.” By 1987, there were 198 schools benefiting from Iranian funds in West Beirut and the suburbs.

Mobilization schools were specifically created to prepare the ground for a coup against the Lebanese state, according to the report, and students were prepared both with the skills needed for the modern economy and the ideology to further Hezbollah’s interests.

The Al-Mahdi and Al-Mustafa schools were later credited by the now-assassinated Hezbollah leader Hassan Nasrallah for shaping the next generation of terrorists.

“We will continue expanding and developing these schools horizontally, vertically, and geographically, as they are deeply tied to our faith and jihadist mission,” he said during an address commemorating the anniversary of the opening of the Al-Mahdi schools.

Sheikh Naim Qassem, the current secretary-general of Hezbollah, was notably one of the founders of the Al-Mustafa school network. He has written that the school’s educational objective is to “create an identity linking knowledge, jihad, education, and faith in service of the resistance, the homeland, and the nation, as preparation for the Imam Mahdi state.”

The Hezbollah-affiliated “Schools of the Islamic Foundation for Education and the Islamic Religious Education Association” adapted programs that promoted images of Ayatollah Ruhollah Mostafavi Khomeini and Ayatollah Ali Khamenei as role models. The schools also ensured that lessons were taught to raise a generation of Hezbollah loyalists.

Even as of 2026, the report noted that Hezbollah is estimated to oversee at least 22 schools and 47,000 students, with far more under affiliated networks.

The Al-Mustafa schools are specifically designed to target the Shiite middle and upper-middle class, as well as the children of senior party officials, to produce the next generation of the group’s elite to represent Hezbollah in the professional sphere, the report claimed. Directed by the Islamic Religious Education Association, the schools aim to compete with the state curriculum while offering an “Islamic alternative” under the direct supervision of Hezbollah leaders such as Sheikh Naim Qassem.

Al-Mahdi network consists of 17 schools, generates Hezbollah adherents

The Al-Mahdi network, which operates under Hezbollah’s Executive Council’s education unit, is made up of at least 17 schools, including both elementary and high schools. These schools focus on mobilizing the next generation of Hezbollah, emphasizing the ideas of self-sacrifice and martyrdom, according to the report.

“These institutions are designed to transform the Shiite community into a disciplined, ideologically uniform base, ensuring that the party’s survival is anchored in the minds of the next generation,” Neriah assessed. “Hezbollah views education not merely as a social service or an academic pursuit, but as a primary pillar of societal engineering and the building of what they term a resistance society (mujtama’ al-muqawama).”

Both Al-Mahdi and Al-Mustafa schools are heavily subsidized, allowing them to meet the legal requirements of the state while maintaining their “parallel curriculum” designed for ideological and religious indoctrination, the report continued. This allows students to be taught the concept of Wilayat al-Faqih (Guardianship of the Jurist), which gives the Islamic regime ultimate authority.

From as young as five, children’s physical activities in the schools mimic military training and operations. The report insisted that while standard schools shield children from violence, Hezbollah’s network actively seeks to normalize it.

Hezbollah’s Imam al-Mahdi Scouts are also used to bolster the idea of jihad, making the transition from school to the terror field more practical, the report continued. The estimated 100,000 children in the club wear Hezbollah military uniforms, and successful scouts are recruited into Hezbollah’s actual military at as young as 16.

In these schools, the report noted that textbooks and classroom activities normalize and glorify martyrdom, “resistance,” and hatred toward Israel and the West. The Mahdi Magazine, given to children aged 4-17, further strengthens these lessons taught in class with comics featuring stories of armed struggle.

The Lebanese national anthem is rarely heard, with the song “Salam Ya Mahdi” taking its place, a hymn that pledges allegiance to the Shiite Iranian cause. Sung daily, Neriah assessed that this was done to further separate children from their Lebanese identity. 

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A rare Judean Pillar Figurine mold dating to the First Temple period was recently found during archaeological excavations in the Old City of Jerusalem, the Israel Antiquities Authority (IAA) announced on Monday morning.

It is the first mold ever found in Israel to produce such figures dating to the First Temple period.

The mold, used in antiquity to cast the face of a female figurine, was found within the Tower of David Museum during excavations ahead of construction of the new Schulich Wing for Archaeology, Art and Innovation.

Following its discovery, the mold was handed over to Tamar Gonen, a ceramics conservation and restoration specialist at the IAA, who successfully cleaned the artifact and revealed its inner design of finely crafted facial features.

Afterward, it was passed on to conservation and restoration specialist Sviatoslav Klindukhov, who created a cast from an appropriate material. 

A rare Judean Pillar Figurine mold dating to the First Temple period found in the Tower of David, July 27, 2026. (credit: MARC ISRAEL SELLEM)

The result was a full reconstruction of the face of a female figurine, displaying clearly defined features and an elaborate curly hairstyle.

Three types of First Temple figurines 

Three prominent types of First Temple figurines have been found: female figurines, commonly known as Judean Pillar Figurines; those depicting a horse and its rider; and zoomorphic (animal) figurines, primarily representing horses.

Made of clay, these figurines are often between approximately 10 and 20 centimeters high. They are typically covered in a white coating, though surviving traces of pigment indicate they were originally painted in yellow, red, and black.

When discovered, these clay figurines are often found broken at the neck – a result of the manufacturing technique, in which the head and body were made separately by hand, while only the face was formed using a mold.

“The mold was discovered while sifting soil removed from fills and accumulations dating to the First Temple period,” explained IAA Excavation Directors Dr. Amit Re’em and Dr. Ayala Zilberstein. “The Kishle excavation, which has been ongoing for several years, continues to surprise us time and again.”

“[The mold] is one of the most significant archaeological excavations conducted in Jerusalem in recent decades, presenting the city’s history in a clear and continuous sequence, from the days of the Kings of Judah, through the many periods that shaped Jerusalem, and up to the British Mandate.”

Re’em added that clay figurines from the First Temple period have been found in almost every excavation conducted in Jerusalem and the surrounding area. 

“Until now, however, no production molds for these figurines had ever been discovered in Jerusalem,” Re’em said. “This raised the question of whether they were manufactured locally or imported from elsewhere. The discovery of this mold at the Kishle is therefore the first of its kind in Jerusalem, providing direct evidence that at least some of these figurines were produced within the city itself.”

According to IAA Iron Age Curator Debbi Ben-Ami, the function of the Judean Pillar Figurines has not yet been fully understood. 

“The fact that they have been found in almost every household, as well as in streets and tombs, indicates that they were objects of everyday use,” she said, noting that the identity and purpose of the Judean Pillar Figurines remains the subject of scholarly debate. 

Ben-Ami explained that several interpretations of the statues have been proposed by scholars, including that they are the representation of a fertility goddess, such as Asherah, the ancient Northwest Semitic goddess believed to have been the wife of El or Yahweh. 

Other scholars have suggested that the figurines might have been children’s toys, she added.

A third possibility for the statues’ purpose may have been that they served as “blessing figures,” household amulets intended to bring protection and good fortune, Ben-Ami said.

“We hope that the newly discovered mold from Jerusalem will provide fresh insights and help answer some of the questions that continue to occupy researchers.”

Tower of David Jerusalem Museum Director and Chief Curator Eilat Lieber said that “the discovery of the first mold for producing figurines dating to the First Temple period has generated tremendous excitement among all of us.”

Tying Jerusalem’s past, present together

“The Tower of David Jerusalem Museum is built on the idea that Jerusalem’s past continues to shape its present,” Lieber said. “This summer, visitors will have the extraordinary opportunity to take part in real archaeological research by sifting soil from the Kishle excavations.”

“Every fragment recovered helps illuminate another chapter in the story of Jerusalem, making participants true partners in preserving and revealing the city’s remarkable heritage.”

Heritage Minister Amichai Eliyahu added that according to the Jewish sages, the First Temple was “destroyed because of three principal sins: idolatry, sexual immorality, and bloodshed.”

“The discovery of a mold for producing figurines from the First Temple period in the heart of Jerusalem offers us a tangible glimpse into the world in which the prophets of Israel lived and into the spiritual and cultural realities they confronted,” he said. “When such an artifact emerges from the soil of Jerusalem, history becomes real and immediate: this small piece of pottery tells the story of the beliefs, customs, and spiritual challenges that characterized the capital city in ancient times.”

The Schulich Foundation, one of Canada’s largest foundations, proudly supports education, healthcare, arts and culture.

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Syria’s President Ahmed al-Sharaa laid out a strategic vision for Syria and the region in recent comments in an interview.

Speaking with Qatar’s Al Jazeera, he described Syria’s attempts to manage tensions with Israel while also dealing with Lebanon and Iraq. He also discussed internal issues, such as the Kurdish minority in Syria and how Damascus positions itself in a changing world order.

According to Syrian state media SANA, “Sharaa said Syria is pursuing a foreign policy centered on reconstruction, stability, and balanced relations with regional and international powers, while reaffirming Syria’s support for Lebanese state sovereignty, a future security arrangement with Israel that preserves Syria’s rights, and continued economic opening following the lifting of US sanctions.”

A key part of this concept is that Syria should balance relations with the major powers. Sharaa met US President Donald Trump earlier this month on the sidelines of the NATO summit in Turkey.

He has also met with Russia and European countries in the past and recently hosted the head of the UN in Syria.

Russia's President Vladimir Putin shakes hands with Syria's President Ahmed al-Sharaa during a meeting at the Kremlin in Moscow, Russia, October 15, 2025. (credit: ALEXANDER ZEMLIANICHENKO/REUTERS)

Sharaa: Syria is working to reach a security arrangement with Israel

“The president said Syria’s relations with the United States have improved following his visit to the White House and Washington’s decision to lift sanctions, describing the development as the beginning of a positive new phase in bilateral ties,” SANA noted.

Sharaa also said that “Syria had also received a positive response from European countries, Russia, and China,” adding that “Damascus had successfully conveyed its new political vision to the international community.”

Russia was a backer of Bashar al-Assad. However, Russia also has a naval base in Syria and has important ties to the country going back more than 50 years.

“On Russia, President al-Sharaa said contacts began during Syria’s liberation and resulted in an agreement to limit Russia’s military presence at Hmeimim Air Base and part of the Tartous naval facility, while discussions over the future of those bases remain ongoing,” SANA noted.

Syria will work to preserve ties with Moscow while also developing warmer relations with the US. Syria has sought to remain outside the Lebanese quagmire, although it once had troops in Lebanon from 1976 to 2005.

The US has indicated it would support Syria fighting Hezbollah, but Sharaa has so far been unwilling to do so.

“President al-Sharaa said Syria supports the Lebanese state’s exclusive authority over weapons, stressing that decades of armed groups operating outside state institutions had produced ‘catastrophic consequences,’” Sharaa said.

His statement comes after Lebanon’s President Joseph Aoun met Trump. Trump also met Iraq’s Prime Minister Ali al-Zaidi this month, illustrating how the US is working closely with Lebanon, Syria, and Iraq.

SANA also noted that the Syrian leader discussed Israel.

“Regarding Israel, the president said Syria is working to reach a security arrangement by engaging multiple countries to increase diplomatic pressure on Israel aimed at reducing tensions and preventing further conflict.”

Tensions in southern Syria as IDF operates in Golan region

In recent days, there have been more tensions in southern Syria, where the IDF operates in Syrian villages near the Golan. Syrian media reports on almost daily tensions in Quneitra and Dara’a provinces.

Syrian civilians continue to be angry that they must deal with tensions with the IDF rather than have the Syrian government present in their villages.

SANA added that Sharaa said, “if such a [security] agreement is achieved and respected by Israel, he said, it could create the conditions for a second stage in a comprehensive peace without compromising Syria’s right to the occupied Golan.”

Syria wants to pursue an independent regional policy. As such, Sharaa is saying that Syria has a strategy. He will pursue investment in the country and try to balance various agendas and avoid conflicts.

He also discussed the integration of the Syrian Democratic Forces, the mostly Kurdish force that existed in eastern Syria, into the new Syrian army. There are concerns of instability in central Syria and potential clashes between Arab tribes and Kurdish forces. Damascus wants to make sure integration goes smoothly.

SANA noted that “in northeastern Syria, the president said the government distinguishes between the Kurdish community and the Syrian Democratic Forces, noting that the government had granted broader citizenship and cultural rights to Kurds while reaching an agreement with the SDF after lengthy negotiations.”

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The Knesset told the High Court of Justice that Israel’s new judicial-selection system should not be struck down simply because the justices may consider the existing system better, arguing that only severe damage to the country’s democratic character could justify invalidating part of a Basic Law.

The Movement for Quality Government (MQG), one of the petitioners challenging the legislation, rejected that position in a response filed on Sunday, arguing that the Knesset’s supplementary arguments added no new factual or legal basis and largely repeated claims already made during last month’s hearing.

MQG asked the court to make its conditional orders absolute, which would mean accepting the petitions and invalidating the challenged provisions.

The dispute concerns an amendment to Basic Law: The Judiciary and a complementary amendment to the Courts Law that would change the composition of the nine-member Judicial Selection Committee and how it appoints judges at every level.

The Basic Law amendment passed 67-1 in March 2025 and is scheduled to take effect when the next Knesset begins its term. Nine petitions are now being heard together.

President of the Supreme Court Isaac Amit arrives for a hearing on petitions alleging flaws in the legislative process of the Communications Bill at the Supreme Court in Jerusalem, July 13, 2026; Illustrative. (credit: CHAIM GOLDBERG/FLASH90)

The Knesset’s four-part response

The supplementary arguments were submitted on July 22 after an 11-justice panel questioned the Knesset and government one day earlier over whether the new system would make judges more dependent on political approval and weaken judicial independence.

The court issued conditional orders requiring explanations as to why the legislation should not be struck down, with the central question being whether the changes damage Israel’s democratic identity so seriously that the court may intervene despite their status as a Basic Law.

The Knesset divided its response into four parts: the composition of the committee, appointments to lower courts, appointments to the Supreme Court, and a mechanism intended to break prolonged deadlocks over Supreme Court vacancies.

Under the current system, the committee includes three Supreme Court justices, two ministers, two MKs, and two representatives of the Israel Bar Association.

The new system would remove the IBA representatives and replace them with two jurists qualified to serve on the Supreme Court, one selected by coalition MKs and the other by opposition MKs.

That would leave four members selected by the coalition, including one of the jurists; three Supreme Court justices; and two members selected by the opposition, also including one jurist.

The Knesset said lawmakers had given four main reasons for removing the IBA representatives: 1. concerns that lawyers who appear before judges have an inherent conflict of interest when deciding their promotion, 2. the IBA’s involvement in national politics, 3. a past case in which a bar representative was suspected of advancing appointments in exchange for a bribe, and 4. a desire to give elected representatives greater influence over judicial selection.

During the hearing, the justices questioned why replacing the IBA representatives with other lawyers would solve any conflict-of-interest problems. The IBA also argued that it holds nationwide information about judges’ professionalism and conduct that is important when candidates are considered for promotion.

Knesset: Basic Law should not be invalidated over system preference

The Knesset answered that IBA representatives were particularly vulnerable to professional conflicts because they were elected by lawyers with direct financial and professional interests in judicial decisions.

It acknowledged that the IBA possesses important information but said it could share that material with the committee without holding two seats and without votes on it.

More fundamentally, the Knesset argued that the court was asking the wrong question if it focused on whether the IBA’s participation was helpful or whether the new committee would be better than the old one.

The relevant question, it said, was whether removing the IBA and increasing the influence of elected representatives negated the core of Israel’s democratic identity.

A Basic Law should not be invalidated merely because the court considers the previous system preferable, the Knesset argued, since the authority to establish and change Israel’s constitutional arrangements belongs to the Knesset, acting as the constituent authority.

The legislation would also lower the threshold for selecting Supreme Court justices from seven of the committee’s nine members to five.

The five-member majority would have to include one coalition-side member and one opposition-side member, but would no longer require the support of any of the three Supreme Court justices.

The Knesset said the current seven-vote requirement effectively gives the justices acting together a veto over the selection of their future colleagues. The new system, it argued, would instead require agreement between representatives selected by both the coalition and opposition.

During a hearing last month, the justices expressed concern that the change could leave judicial candidates identified as coalition or opposition choices and influence the conduct of lower-court judges seeking promotion.

Justice Alex Stein asked whether an ambitious district court judge would feel a need to “find favor in the eyes of politicians,” while Supreme Court President Isaac Amit warned that future justices could carry a political “chip” identifying those responsible for their selection.

The Knesset said the possibility that an appointee would be publicly associated with those who supported them already existed under the current system and in other senior public appointments.

Judges, it argued, were required to detach themselves from those who helped appoint them – and decide cases independently, whether their supporters had been politicians, lawyers, or other judges.

It also rejected the petitioners’ argument that increased political involvement would necessarily reduce public confidence in the courts.

While the petitioners said the new system would damage trust by politicizing appointments, the Knesset said most lawmakers who supported the amendment believed public trust had already been harmed by the Supreme Court justices’ involvement in selecting their future colleagues.

The Knesset further argued that, even if the professional standard of future Supreme Court appointments were assumed to fall, lawmakers could decide that the risk was justified by greater public trust and a more socially and judicially diverse bench.

It stressed that this was a hypothetical argument rather than an admission that professional standards would decline.

Under the amendment, appointments to the magistrate’s and district courts would continue to require five votes, but the majority would have to include at least one judge, one coalition-side member, and one opposition-side member.

Petitioners warned that giving each bloc an effective veto could paralyze the committee and prevent vacancies from being filled.

The Knesset acknowledged the risk of deadlock, but said it was the unavoidable price of requiring broader consensus. It argued that predictions of future paralysis remained speculative and could not justify invalidating a Basic Law before the system had begun operating.

The legislation also includes a separate fallback procedure that could be activated once during a Knesset term if two Supreme Court vacancies remain unfilled for an extended period.

Coalition-side and opposition-side members would each submit a list of candidates from which the other committee members would initially choose. If no candidate were selected within the required period, the members who submitted the list could eventually make the choice themselves.

The Knesset acknowledged that the procedure had its disadvantages but argued that leaving Supreme Court positions vacant indefinitely was worse.

MQG said on Sunday that none of those arguments changed the factual or legal foundations of the case, and there was no need for a further substantive response.

The case will now return to the 11-justice panel for a ruling, unless the court requests further submissions or schedules another hearing.

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Shin Bet Chief David Zini officially visited Israel Police’s Counterterrorism Unit (YAMAM) for the first time on Sunday, according to a statement from the Shin Bet and Israel Police.

Zini met with YAMAM’s head, Deputy-Chief “A,” to discuss the partnership between the Shin Bet and YAMAM, including operational and technological responses to terrorism in Israel.

The two security leaders reviewed recent achievements by the collaboration between their organizations, notably the successful prevention of terror threats that could’ve jeopardized the country’s security.

At the end of the visit, Zini laid a wreath at a memorial at the unit’s base to recognize the YAMAM lives lost in action.

YAMAM was established in 1974 as one of four special units of the Border Police. It serves as a special force for counterterrorism, hostage rescue, and offensive raids.

Israel Security Agency (Shin Bet) Director David Zini visits at Mount Herzl Military Cemetery in Jerusalem during Memorial Day which commemorates the fallen Israeli soldiers and victims of terror, on April 21, 2026.  (credit: CHAIM GOLDBERG/FLASH90)

YAMAM spearheaded Gaza hostage rescue missions 

After the October 7 Massacre, YAMAM helped execute two major hostage-rescue missions, including the June 8, 2024 Operation Arnon that brought Noa Argamani, Shlomi Ziv, Almog Meir Jan, and Andrey Kozlov home from Gaza.

Earlier that year, the counter-terrorism unit rescued Kibbutz Nir Yitzhak residents Fernando Marman and Luis Har from Rafah in a covert nighttime raid. The Shin Bet and the IDF aided in the hostage missions as well. 

YAMAM and the Shin Bet often collaborate on high-risk operations, with the Shin Bet providing internal intelligence for YAMAM to carry out boots-on-the-ground missions. 

Zini took office as head of the Shin Bet on October 5, 2025, as Ronen Bar’s replacement. 

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Consulting firm Milliman has acquired Blue Water mortgage servicing rights (MSR) valuation and hedging services from Apex Analytics Corp., adding another platform less than a year after buying MorVest Capital to expand its capabilities in the space.

The transaction, announced Monday, folds Blue Water’s hedge analytics, trading platform and quantitative team into Milliman’s mortgage solutions practice. Financial terms were not disclosed.

“Blue Water’s sophistication in MSR hedge analytics is an excellent complement to our deep mortgage advisory expertise,” Brett Ludden, managing director and head of mortgage solutions at Milliman, said in a statement. “The addition of Blue Water’s trading and quantitative analytics professionals further strengthens our growing mortgage solutions practice and enhances the value we deliver to our clients.”

The acquisition is intended to expand Milliman’s MSR advisory and risk-management work, according to the company announcement. For Apex Analytics, formerly Voxtur Analytics, the divestiture supports its plan to concentrate investment on its core property intelligence and assessment technology business.

“By streamlining our portfolio, we can accelerate innovation in assessment software, artificial intelligence, data analytics and workflow automation, reinforcing our commitment to becoming a trusted technology leader serving assessors, government agencies and public-sector property assessment teams,” CEO Ryan Marshall said in the announcement.

Apex said the sale aligns its capital with higher-growth opportunities in mass appraisal systems, geospatial tools and AI-enabled assessment platforms, while moving the Blue Water MSR business to a firm whose priorities are more closely tied to mortgage servicing risk.

In December 2025, Milliman bought Dallas-based MorVest Capital, a provider of MSR analytics and advisory services. That deal expanded Milliman’s services to include MSR valuation, financing, hedging and brokering.

The Blue Water acquisition builds on that strategy. Milliman said the Blue Water hedging platform will be combined with its mortgage behavior modeling, quantitative analytics, hedging strategies, software development and data science capabilities.

Milliman, founded in 1947, is an actuarial and consulting firm. Its mortgage solutions unit works with originators, servicers and capital providers on financial risk management and mortgage market strategy. In addition to its recent M&A activity, Milliman in 2025 expanded further into residential mortgages by hiring Ludden and Jeff Juliane to lead its mortgage push.

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

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Two small businesses have filed a lawsuit to block new tariffs imposed by the Trump administration on dozens of trading partners.
The lawsuit, filed on July 24, came just hours after President Donald Trump imposed tariffs ranging from 10 percent to 12.5 percent on 60 trading partners over their alleged failure to prevent imports made with forced labor.
The latest tariffs, implemented by the administration under Section 301 of the Trade Act of 1974, took effect as temporary 10 percent global levies were due to expire.
The Liberty Justice Center, which previously secured a Supreme Court ruling against the president’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA), filed the lawsuit on behalf of Burlap and Barrel, a New York-based spice retailer, and Collective Horology, a California-based watch retailer….

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Sarepta Therapeutics, the bruised maker of Duchenne muscular dystrophy treatments, on Monday named Michael Severino, formerly the CEO of Tessera Therapeutics, as its new chief executive, starting Tuesday. 

Severino is replacing Doug Ingram, who announced earlier this year that he planned to retire after leading the biotech for nearly a decade. During his tenure, the company got three Duchenne treatments approved, but has faced ongoing questions about how effective they are and run into regulatory scrutiny over the safety of its gene therapy. 

The company’s share price has tanked from where it was at the beginning of 2025.

Continue to STAT+ to read the full story…

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Cracker Barrel announced on Monday that CEO Julie Masino will step down, effective Aug. 10, and be replaced by David Deno.

Masino will remain with the company in an advisory capacity until Oct. 9.

“Following a robust and thoughtful search process, we are pleased to welcome David as Cracker Barrel’s next CEO,” independent Chairman of the Cracker Barrel Board, Carl Berquist, said in a statement. “He brings decades of experience across the restaurant and retail industries, with a strong track record of leading businesses through growth and a demonstrated commitment to operational excellence, guest experience, and team member engagement.” 

“We are confident David is the right leader to continue building on the Cracker Barrel legacy, drive further positive momentum operationally and financially, and create sustainable value for our shareholders,” Berquist continued.

Berquist also thanked Masino for “her leadership and commitment to Cracker Barrel,” adding that the company appreciates “her partnership to ensure a smooth leadership transition as we remain focused on the work underway to continue to serve our guests, support our employees, and execute our strategic priorities.”

Cracker Barrel’s announcement of the leadership turnover also included a statement from Deno who said that the chain is a “truly iconic American brand, defined by its unique combination of warm country hospitality, timeless appeal, and deep connection with guests across generations.”

Deno added that he looks forward to “unlocking the full potential of this remarkable brand,” which will include a focus on “delivering delicious food and exceptional experiences for our guests, while driving profitable growth.”

This is a breaking news story. Please check back for updates.

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New York — A New York spice importer and a California watch retailer filed suit in the U.S. Court of International Trade on Friday, challenging the sweeping new tariffs the administration imposed on roughly 60 trading partners a day earlier.

Burlap & Barrel, a New York-based spice importer, and Collective Horology, a Ventura, California watch retailer, filed the complaint in the Manhattan-based trade court — the same court that has twice found the administration’s tariff programs unlawful. They are represented by the Liberty Justice Center, the group that prevailed at the Supreme Court against the earlier emergency-powers tariffs and also challenged the Section 122 round that followed.

The duties at issue were implemented under Section 301 of the Trade Act of 1974, with the administration citing the failure of those countries to prevent imports produced through forced labor. The tariffs cover approximately 99% of U.S. imports.

The timing is the heart of the dispute. On March 12, 2026 — less than three weeks after the Supreme Court held that the International Emergency Economic Powers Act does not authorize presidential tariffs — the U.S. Trade Representative opened 60 investigations into whether the identified economies effectively prohibit forced-labor imports. On July 23, only hours before the new duties took effect, USTR imposed tariffs on products from all 60.

The Court of International Trade found the Section 122 tariff unlawful in May, though an appeals court left it in place through its July 24 expiration. USTR finalized the Section 301 forced-labor duties, which took effect that same day.

The legal argument is narrow and statutory. Jeffrey Schwab, an attorney at the Liberty Justice Center representing the businesses, said Section 301 contains no authority to tax substantially all imports from substantially all countries at preestablished rates. Schwab described the filing as the third instance in which the administration has attempted to implement a global tariff policy without observing statutory limits.

Sara Albrecht, chairman and CEO of the Liberty Justice Center, said forced labor is morally indefensible but that an important objective does not permit the government to disregard the law, adding that allowing one global tariff to expire and immediately replacing it under a different statute does not change what the law requires.

The plaintiffs contend the administration applied near-uniform duties of 10% or 12.5% across the roughly 60 economies at the direction of the president, without demonstrating how each country’s specific conduct burdens American commerce. The complaint also invokes the major questions doctrine, which requires Congress to speak clearly when authorizing decisions of significant economic and political consequence, and argues in the alternative that if Section 301 does grant that authority, the delegation itself is constitutionally defective.

A second, separate lawsuit was filed by other small businesses making similar arguments — that the government did not adequately establish its case against each economy or explain how the duties would eliminate the practice they were levied to address.

The remedy sought is substantial. The suit asks the court to strike the tariffs down, block their collection, and order refunds with interest for the plaintiffs and other importers. The Liberty Justice Center is seeking to represent a nationwide class covering every business that has paid or will pay the duties — potentially thousands of importers.

For regional importers, the class allegation is the operative detail. Businesses that continue paying the duties while litigation proceeds may preserve refund claims if the tariffs are ultimately invalidated, provided entry documentation is retained and duties paid are properly recorded. Importers should be filing and archiving entry summaries carefully rather than treating the payments as sunk cost.

The administration has rejected the characterization that the new duties are a workaround. A senior administration official told reporters that addressing forced labor has been a longstanding presidential focus, and said the timing of implementation was intended to avoid complexity.

Research from the Federal Reserve Bank of New York, the Kiel Institute for the World Economy and the Yale Budget Lab has concluded that American consumers and businesses bear most of the cost of tariffs rather than foreign governments — a finding the White House disputes.

Burlap & Barrel’s involvement gives the case a local face. The company imports directly from smallholder farmers across dozens of countries, a sourcing model with little room to substitute origins in response to duty schedules.

JBizNews Desk | New York

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The Food and Drug Administration said Monday that Capricor Therapeutics’ stem cell treatment for Duchenne muscular dystrophy did not  meet the objectives of Phase 3 trial — contrary to the company’s claims last year.

Capricor said in December that the drug, known as deramiocel, met both the primary and secondary endpoints in a large, randomized study. It was a striking result in a fatal, childhood disease that has proven stubbornly difficult to treat, despite immense advances in genetic medicine. 

The data were also notable for coming primarily in teenagers and young men who have already lost the ability to walk, a population with few options. The drug appeared to both preserve their upper-arm function and stave off the heart failure most patients eventually experience, Capricor had said. 

Continue to STAT+ to read the full story…

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Good morning, everyone, and welcome to another working week. We hope the weekend respite was relaxing and invigorating because that oh-too-familiar routine of meetings, deadlines, and the like has returned with a vengeance. You knew this would happen, yes? To cope, we are relying, as always, on a cuppa stimulation. Our choice today is Earl Grey, an old standby. Feel free to join us. Remember, no prescription is required. Meanwhile, here are some items of interest to help you on your journey today, which we hope will be productive and meaningful. Best of luck and, of course, do keep in touch. …

A U.S. Food and Drug Administration advisory panel on Friday recommended that compounding pharmacies be allowed to manufacture the peptides epitalon and semax, but narrowly voted to recommend against manufacturing emideltide, STAT writes. The votes, which followed the panel’s decision on Thursday to recommend allowing pharmacies to make four other peptides, bring U.S. Health and Human Services secretary Robert F. Kennedy Jr. one step closer to his mission of making these unapproved compounds more available for Americans. Peptides have become increasingly popular in the U.S., driven by endorsements from social media influencers.

Amgen submitted new evidence to the FDA ​as it seeks a hearing to challenge the proposed ‌withdrawal of its rare disease drug Tavneos from the U.S. market, Reuters says. In April, the agency proposed withdrawing the drug, which treats a rare autoimmune ​disease that damages blood vessels, citing a lack of proven effectiveness ​and false statements in its original marketing application. Amgen strongly disagrees with the FDA and noted its submission includes more than 70 real-world studies involving over ​2,200 patients supporting the drug’s effectiveness and safety.

Continue to STAT+ to read the full story…

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Russia will keep its ban on gasoline exports in place through the end of 2026, extending a restriction that had been scheduled to expire this Friday and signaling that Moscow does not expect its refining capacity to recover this year.

Deputy Prime Minister Alexander Novak said the extension applies to both producers and non-producers, and that the separate diesel export ban will be lifted as the market rebounds. He made the remarks to reporters in Omsk on Saturday, adding that diesel restrictions would be unwound in time to prevent refineries from accumulating a glut and being forced to cut processing volumes.

The original gasoline export ban took effect April 1 and had been set to run only until July 31. The diesel ban is newer, imposed July 8 as part of a package of emergency measures after sustained Ukrainian drone strikes on Russian refineries produced gasoline shortages and price spikes.

A production problem, not a policy choice

The export halt is a symptom rather than a strategy. By mid-June, Russia had lost roughly a quarter of its gasoline production compared with the same month a year earlier, after strikes shut down large refineries in the central part of the country. The government has attributed the disruptions to logistics changes, and now finds itself preparing to import diesel on top of gasoline — a reversal for a country that ranked among the world’s largest fuel exporters.

The domestic picture explains the urgency. Occupation authorities in Crimea suspended fuel sales to private individuals and businesses on June 21, restricting supply to state agencies responsible for essential services and security, with no timeline offered for restoration. Novorossiysk, Russia’s largest Black Sea oil export outlet, cut off gasoline sales to private motorists on July 3, issuing fuel cards for municipal use instead. Nearby Anapa capped purchases at 20 liters per car — enough for about a week, according to one resident quoted on local television — which trimmed station wait times from as long as four hours down to roughly half an hour.

By early July, Novaya Gazeta Europe estimated the shortage had reached at least 78 of Russia’s 83 internationally recognized regions, plus occupied Crimea and Sevastopol. Moscow has also signed a decree permitting certain refineries to drop output standards from Euro-5 to Euro-3 gasoline through the end of the year.

Why it matters outside Russia

Diesel is where the export ban lands hardest on global buyers. Russia is the world’s second-largest diesel exporter behind the United States, and outages at its refineries move global supply. The country accounted for roughly 11 percent of global diesel supply last year, according to figures compiled from analytics firm Vortexa.

Those volumes have already collapsed. Russian diesel and gasoil loadings ran at just 234,000 barrels per day over the first ten days of July, per Kpler data — down from 400,000 bpd in June and against a 2025 average near 817,000 bpd.

The timing compounded an existing squeeze. A fresh wave of U.S. strikes on Iran landed within hours of the diesel ban announcement, renewing concerns over vessel movements through the Strait of Hormuz and the damage already done to Middle Eastern exports. Global benchmark diesel prices jumped nearly 13 percent on the day of the announcement before retreating more than 3 percent the following morning.

The American exposure

U.S. inventories were thin heading into the disruption. Government data showed a draw of more than 4.5 million barrels in a single week, leaving diesel stocks at 97.8 million barrels as of July 3 — about 6 percent below the five-year seasonal average.

Diesel represents the largest share of global oil consumption, feeding industrial machinery, farm equipment, heavy freight and electricity generation, which is why price moves travel well beyond the pump. Western refinery closures and firm post-pandemic demand had already kept the market tight for years before this summer.

For tri-state businesses, the transmission runs through freight. Long-haul trucking and last-mile delivery costs move with distillate prices, and those costs reset into contracts on a lag — meaning shippers, grocers and distributors across New York, New Jersey and Connecticut may not feel the full effect until fall invoicing cycles.

Buyers who absorbed Russian diesel after Europe’s 2023 ban — Turkey, Brazil, and importers across Africa and the Middle East — face the sharpest near-term competition for replacement barrels, while Europe absorbs secondary pressure through elevated global benchmarks.

Novak gave no firm date for restoring diesel exports, tying it only to domestic market conditions.

JBizNews Desk | New York

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A single morning could reset the outlook for interest rates, consumer spending and business growth when the government releases its first estimate of second-quarter GDP alongside the Federal Reserve’s preferred inflation measure on Thursday.

Both reports are due at 8:30 a.m. Eastern, less than a day after the Fed announces its latest rate decision. That timing will give markets only a short window to absorb what policymakers say Wednesday before new figures reveal whether the economy continued expanding and how much price pressure remained as the quarter ended.

Growth entered the spring with momentum after GDP increased at a 2.1% annual rate during the first three months of the year. Investment, exports, government spending and consumer activity all contributed, although the headline was also shaped by changes in imports, which are subtracted when GDP is calculated.

Thursday’s estimate may carry similar complications. Businesses moved shipments and inventories around changing tariff deadlines during the quarter, creating swings that could make the economy appear stronger or weaker than the demand underneath it. Consumer spending and business investment will therefore matter as much as the overall number.

Released alongside GDP, June’s personal income and spending report will show whether households continued buying as energy, insurance, housing and borrowing costs competed for a larger share of their budgets. Spending rose 0.7% in May, but part of that increase reflected higher prices rather than families taking home more goods and services.

Inflation will determine how the Federal Reserve reads that demand. Another firm increase in the personal consumption expenditures price index could reinforce the case for keeping rates elevated or raising them later this year, while clearer cooling would give officials more room to wait.

For businesses, Thursday’s numbers will quickly reach beyond Wall Street. Treasury yields can move before banks change their published lending rates, affecting commercial mortgages, equipment financing, revolving credit and expansion plans even if the Fed leaves its benchmark unchanged Wednesday.

Retailers will be looking for signs that consumers are still purchasing discretionary goods rather than simply spending more on necessities. Manufacturers will focus on inventories and capital investment, while employers will compare income growth with labor expenses and hiring demand.

Neither report will provide a perfect reading, and the initial GDP estimate will be revised as additional information becomes available. Together, however, they will offer the clearest indication yet of whether the economy entered the second half of 2026 with enough strength to absorb higher tariffs, expensive credit and continued uncertainty over energy costs.

JBizNews Desk | Wall Street

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

When Jimmy Carter occupied the White House, Menachem Begin was the prime minister of Israel. Carter viewed the world through a deeply religious and, at times, naïve lens. 

To him and many around him, Ruhollah Khomeini appeared to be a pious and even saintly religious figure. Even then-CIA director Adm. Stansfield Turner and perhaps those responsible for the Tehran desk lacked a real understanding of Khomeinism or of the ideological doctrines contained in the Shi’ite clerical canon.

However, Gen. Yitzhak Hofi, who was the head of the Mossad, understood that Israel’s true regional ally, SAVAK, was warning of the emergence of a poisonous mushroom, a cancerous growth, and an expanding infection inside Iran. 

The shah – America’s and Israel’s ally and trusted friend – was battling cancer, yet he understood better than anyone the danger posed by the rise of Islamist terrorism. Carter and the CIA failed to grasp the shah’s warnings, and their misjudgment burdened the world with a crisis that has endured for nearly half a century. The monstrous genie of Islamist terrorism and militant Shi’ite ideology escaped from the bottle.

Nearly 50 years later, neither the people of Iran nor the Middle East have experienced peace and normalcy, nor has the Middle East enjoyed stability and lasting security. 

An explosion at an unknown location, during what U.S. Central Command (CENTCOM) says are strikes on Iran, in this screengrab taken from a handout video released on July 20, 2026.  (credit: CENTCOM/Handout via REUTERS)

The Arab states of the Persian Gulf, which once regarded the shah of Iran as their elder brother and the guarantor of regional peace and security, suddenly found their own existence, identity, and survival under threat.

A group seized power that had little understanding of humanity, law, order, or peace. An ideology was constructed upon the lies and deception of a Shi’ite clerical octopus, centered on the myth of “the twelfth imam” – a figure who, in reality, has no physical existence. 

Upon this belief, a state was established whose rulers, from Khomeini to Ali Khamenei and others, claimed to be his representatives until his eventual return. 

According to their doctrine, all humanity will supposedly be redeemed once the twelfth imam conquers the world with his sword and delivers humanity before God.

Western civilization fails to understand Iran’s ideology

Regrettably, this ideological language of Khomeini and Khamenei was never properly translated or explained to the intellectual world.
Beyond Israeli media, even many Arab, American, and European circles were reluctant to expose or confront it openly.

Those who wrote critically in Israeli publications often faced assassination threats.

Today, meanwhile, the Iranian regime’s mafia-like networks and its lobbying apparatus routinely wage character assassination campaigns against anyone perceived as sympathetic toward Israel or the Jewish people.

Yet the ideological framework of Khomeini and the Shi’ite Islamic revolution consists of several interconnected dimensions that together form the clerical doctrine. At its foundation lie deception, manipulation, fraud, malice, terrorism, expansionism, and ideological domination.

What Adolf Hitler or Iraq’s Saddam Hussein only dreamed of accomplishing against Israel, Khomeini and Khamenei sought to implement. 

They established an extensive network of Islamist terrorist organizations, including the Palestinian Islamic Jihad, Hamas, Hezbollah, the Kurdistan Workers’ Party, Hashd al-Shaabi, the Zainabiyoun Brigade, the Fatemiyoun Brigade, and the Houthis. 

They pursued nuclear and chemical weapons programs. They built a 24-hour propaganda and media machine over nearly five decades. They developed terrorist sleeper cells inside Israel, Europe, and the United States. They manufactured missiles, drones, and bombs, transforming Iran into a vast military garrison and weapons depot.

This regime began its rule through executions, mass killings, torture, and repression against the Iranian people, turning cemeteries into monuments of its governance.

Even today, much of the Western world remains unfamiliar with the ideological foundations of the Shi’ite clerical doctrine. More fundamentally, the European and American political imagination often lacks the capacity to comprehend the scale of brutality, malice, and ideological fanaticism embodied by the rulers of Iran and their worldview. 

Otherwise, by the most basic standards of morality and humanity, they would never willingly share a platform or a photograph with them, negotiate with them, or expect rational diplomacy and good faith from such a regime.
As the world celebrated the collapse of apartheid, communism, and Nazism, so too the day will eventually come when Islamist terrorism will meet the same fate. 

Meanwhile, history may ultimately record that Prime Minister Benjamin Netanyahu left his fingerprints on that struggle – and so too US President Donald Trump.

Perhaps the current strategic convergence between the Mossad and the CIA will encourage Trump to act with greater resolve. Yet, regrettably, the influence of lobbying networks affiliated with the Islamic Republic in Washington and across Europe continues to muffle the genuine call for regime change in Tehran.

Still, for the historical record, one may write this: From Tehran comes the sound of savagery. The remnants of the Islamic Republic continue to sell deception as diplomacy. 

Even the so-called mediators are manipulated and orchestrated by the regime itself. From Pakistan, which became a significant trap for Trump, to Turkey, Qatar, and Iraq, Tehran has repeatedly sought to manipulate and mislead Washington through intermediaries.

Tehran seeks war, not peace

There is reason for cautious optimism that Trump understands that the voice emanating from Tehran is not one of peace but of violence. The CIA likewise understands that this regime has little genuine interest in negotiations or a lasting agreement. 

Perhaps during an upcoming meeting between Trump and Netanyahu, one central truth will once again be voiced: that the collapse of the nearly 50-year-old regime of Islamist terrorism and the Shi’ite Islamist state in Tehran would mark the birth of a new Middle East.

This would liberate 90 million Iranians while freeing the broader Middle East, and indeed humanity, in the 21st century from a regime built upon destructive and extremist ideas.

Undoubtedly, even after such a collapse, the period before genuinely democratic elections would be turbulent. 
Society would witness the eruption of long-suppressed grievances, personal reckonings, and the exposure of underground Islamist terrorist networks embedded in mosques and clandestine organizations. 

Yet even the most imperfect democracy is preferable to tyranny. Religious despotism and the reign of death and barbarism would finally depart from Iran.

If Trump comes to understand this historical reality, history may remember him as one of the leaders who helped transform the Middle East. If, however, he yields to illusions or to the deceptive narratives promoted by some within his own circle, history may judge him far less kindly.

The deceptive marketplace created by Tehran’s rulers may ultimately descend into internal rivalries and struggles for power, but that is of secondary importance. Such turmoil would simply be the painful labor through which a nation is reborn.

Today, figures such as CIA Director John Radcliffe and Trump on one side, and Netanyahu and Shin Bet (Israel Security Agency) chief Maj.-Gen. David Zini on the other, understand the nature of the regime they confront. 

A government willing to slaughter and massacre more than 50,000 of its own citizens merely to preserve its grip on power has every intention of leaving behind a scorched-earth Iran if it cannot survive. 

To suggest that this regime has fundamentally changed is not only an unconvincing argument but one that defies reason. The structure and core of the Islamic Republic remain rooted in a destructive and pathological ideology. Nothing short of its complete dismantlement and a change of regime can resolve the crisis.

After nearly half a century, one of the most reviled, brutal, and inhumane regimes of the modern era can finally come to an end. 

If that day arrives, the free world will celebrate the defeat of a system that has exported terror, repression, and instability for decades.

Fortunately, the Iranian people are not without a credible and widely recognized alternative. They have exiled Crown Prince Reza Pahlavi – a national figure capable of guiding Iran through a peaceful democratic transition, preventing the country from descending into a bloodbath, and helping safeguard a nation whose civilization stretches back more than 7,000 years.

The writer is a Middle East political analyst. His book, Tehran’s Dictator, examines the theocratic era of Ali Khamenei (1989-2026). Follow him on X: @EQFard

This post was originally published on here. 

Bahrain cannot claim state immunity to block a lawsuit brought in Britain by two dissidents who say its government hacked their laptops with spyware, the United Kingdom’s Supreme Court ruled by a majority on Monday.

Saeed Shehabi and Moosa Mohammed allege Bahrain infected their computers with surveillance software called FinSpy around 2011, which allowed agents to monitor their work with political prisoners in the Gulf kingdom.

The men, who both live in Britain, sued Bahrain at London’s High Court in 2020, seeking damages for “psychiatric harm”.

Bahrain denies hacking Shehabi and Mohammed’s laptops and has for several years sought to claim state immunity to defeat the lawsuit.

Bahrain’s assertion of state immunity was refused by London’s High Court in 2023 and then the Court of Appeal the following year, prompting an appeal to the UK’s highest court.

Kingdom of Bahrain flag (credit: Wikimedia Commons)

Bahrain cannot block spyware lawsuit

The Supreme Court on Monday dismissed Bahrain’s appeal by a 3-to-2 majority, ruling that the alleged surveillance took place in Britain even if it was initiated from abroad.

This meant the alleged hacking came within the personal injury exception to state immunity under UK law and that Shehabi and Mohammed’s case could proceed.

This post was originally published on here. 

The International Criminal Court (ICC) faces a challenging search for a new prosecutor after Karim Khan was dismissed, against the backdrop of a US diplomatic campaign to undermine the court and a rise in states withdrawing from the institution.

On Monday, Chad became the fifth country to start the formal withdrawal process in recent months, following Venezuela, Burkina Faso, Mali, and Niger.

The African state’s announcement came just days after 82 of the court’s 125 member states voted to dismiss Khan for serious misconduct. That triggered an election process for a new prosecutor, but details still have to be hammered out, and a vote is not expected before the new year.

After Khan’s removal from office, the court said it will continue to carry out its mandate.

“The ICC remains firmly committed to advancing accountability and delivering justice for victims of crimes that deeply shock the conscience of humanity,” it said.

THE INTERNATIONAL Criminal Court building in The Hague: The ICC has no viable plan to bring to justice the Hamas leaders who conceived the mega-atrocity in Israel, or the terrorist organization’s supporters who slaughtered 1,200 civilians and seized 251 people as hostages on October 7, 2023 (credit: PIROSCHKA VAN DE WOUW/REUTERS)

While the ICC member states consider the procedure to find Khan’s replacement, the office of the prosecutor will be run by the current deputy prosecutors, Nazhat Shameen Khan from Fiji and Senegal’s Mame Mandiaye Niang.

Court watchers say it may be hard to find a good replacement for Khan amid the US’s ramped-up diplomatic campaign.

“Who is now going to want to nominate for a position that has such challenges, because they know they will automatically be sanctioned by the US,” Melanie O’Brien, professor of international law at the University of Western Australia, told Reuters.

US sanctions loom over search for new prosecutor

Washington wants the ICC to drop its arrest warrants against Israeli leaders over Gaza and to stop investigating alleged crimes involving US troops. Officials told Reuters they were considering pressuring countries to withdraw from the court.

Chad announced its withdrawal on Monday, and late Friday Venezuela, where the ICC had been conducting investigations into allegations of crimes against humanity by the previous government, said it had started the formal procedure to withdraw. Both states accused the court of disproportionately focusing on non-Western states.

In early July, the court said three military-led African countries – Burkina Faso, Mali, and Niger – formally started their withdrawal, which takes a year to go into effect.

The European Union and several of the court’s big backers, including the Netherlands and Japan, one of the court’s biggest financial contributors, have voiced support for the court and concern over the US position but have not announced any practical steps to shore up the institution.

In the coming months, the court’s governing body, the Assembly of States Parties (ASP), is expected to set out the specific procedure for the election of a new prosecutor. Many legal commentators have criticized the process around Khan’s removal for its lack of transparency.

The next election will be a litmus test, especially since earlier votes were criticized for facing a lot of political influence and last-minute changes of procedure, according to Ezequiel Jimenez Martinez, who wrote a book on governing the ICC.

“The ASP now needs to reassure stakeholders it has the stamina to support the court in its darkest hour and elect a prosecutor worth the office and role,” he told Reuters.

This post was originally published on here. 

The IDF said Monday that troops operating in southern Lebanon found two drawings of Adolf Hitler inside a private home in the village of Taybeh.

According to Arabic-language IDF spokesperson Ella Waweya, known as “Captain Ella,” the drawings were signed with the name Hassan Haidar and were believed to belong to a larger portfolio of artwork.

The military said it suspected the portfolio had been prepared for a school operating under Hezbollah’s auspices, describing the drawings as evidence of Nazi ideology being promoted in Shi’ite schools in southern Lebanon.

 IDF operatives in Lebanon, February 3, 2025. (credit: IDF)

The IDF did not provide further evidence in the post to identify the artist or to establish the portfolio’s connection to Hezbollah.

Israel-Hezbollah ceasefire holding as Israel begins withdrawal from Lebanon

The discovery comes as a US-brokered ceasefire between Israel and Hezbollah broadly holds and Israel begins testing a phased withdrawal from parts of southern Lebanon. Under a US-backed pilot program, the Lebanese Army has begun entering Froun, Srifa and Zawtar al-Gharbiya, with Israel so far withdrawing from Zawtar.

It remains unclear whether the process will lead to wider withdrawals, while Israeli forces continue to hold a security zone several kilometers inside Lebanon.

Yonah Jeremy Bob contributed to this report.

This post was originally published on here. 

The Iranian-backed Houthis have been escalating attacks and rhetoric against Saudi Arabia throughout July. This led to concerns that international shipping via the Red Sea could be disrupted.

Reports in Yemen suggest that the Houthis downed a Turkish-made Saudi Arabian drone over the country. The Houthis have downed drones in the past, especially American Reapers. As such, the Houthis are showing that they won’t back down. However, a reduction in US-Iran tensions could lead to a reduction in Yemen tensions.

The conflict in Yemen is complex. It recently increased when Saudi Arabia and the government in Yemen opposed Iran flying to Sana’a, the Houthi capital. The Houthis accused Saudi Arabia of bombing the airport. The Houthis then said that if the Saudis continued their blockade on the Houthis, then the Houthis would enact a blockade on the Saudi shipping in the Red Sea.

Meanwhile, the Financial Times reported that “top shipping insurers have told brokers that they will not sell war cargo insurance to Saudi Arabia-linked ships in the Red Sea, following attacks by Yemen’s Houthi rebels, in a further risk to oil exports from the region.”

This report added that “several of the leading marine war insurers at Lloyd’s of London market said on Friday that they would exclude vessels with any “Saudi touchpoints” from coverage, two brokers said, including ships traveling under other flags that have made past calls at Saudi ports.”

A Houthi follower rises a weapon as he attends a rally marking one year of Saudi-led air strikes, in Yemen's capital Sanaa. (credit: MOHAMED AL-SAYAGHI/REUTERS)

Houthis claim attacks on Saudi Arabia

The Houthis have claimed attacks in the last few days on Yanbu and Jizan areas in Saudi Arabia. These are key port facilities for Riyadh.

How did we get here? The Iranian-backed Houthis have transformed themselves over the last two decades from a relatively isolated movement in northern Yemen into one of the most powerful armed groups in the Middle East. Emerging from Yemen’s Zaidi Shi’ite community, the Houthis fought the Yemeni government during the 2000s before seizing Sana’a in 2014. Their advance eventually forced the internationally recognized government from the capital.

Saudi Arabia intervened in Yemen in 2015 at the head of an Arab coalition seeking to prevent a complete Houthi takeover.

What followed was years of grinding conflict. During this period, Iran increased its support for the Houthis, providing technology and expertise that helped the group develop an increasingly sophisticated arsenal of ballistic missiles and drones. These weapons enabled the Houthis to threaten Saudi cities, energy infrastructure and shipping far beyond Yemen.

UN-brokered 2022 truce reduces fighting between Houthis, Saudi Arabia

 A UN-brokered truce in 2022 significantly reduced fighting between the Houthis and the Saudi-backed government. Although the formal truce expired, a de facto ceasefire largely held, and Riyadh pursued negotiations aimed at extricating itself from the conflict.

Then came October 7, 2023, and the Hamas attack on Israel. The Houthis then claimed that this had changed the equation and they would support Hamas and Gaza in the war.

The Houthis sought to increasingly position themselves as a key member of Iran’s regional axis and began launching missiles and drones toward Israel. They also targeted commercial vessels in the Red Sea, claiming the attacks were linked to Israel or were carried out in support of Gaza. These attacks ended with the US-backed ceasefire in October 2025.

It remains to be seen if the Saudi-Houthi conflict will now grow or if it may be reduced in the coming weeks. 

This post was originally published on here. 

Two Israeli civilians were detained Monday after crossing the border into Syrian territory near Mount Hermon, the IDF said, as Syrian media separately reported that troops had arrested a Syrian citizen during an overnight raid in the Quneitra area.

According to the military, troops dispatched to the Hermon located the two, returned them to Israeli territory and transferred them to police.

The IDF condemned the crossing as a criminal offense that disrupted military operations and endangered troops, calling on law enforcement authorities to prevent those involved from repeatedly entering the area.

 IDF soldiers operate on Mount Hermon, on the border between Israel and Syria, December 12, 2024 (credit: IDF SPOKESPERSON'S UNIT)

Israeli civilians attempting to establish settlements in Syria

The incident follows several attempts in recent weeks by Israeli activists seeking to establish civilian settlements in territory inside Syria. Around 100 activists were detained after crossing into the Syrian side of Mount Hermon earlier this month, with smaller groups making further attempts since then.

Separately, Syrian media reported Monday morning that IDF troops entered the village of Taranja in northern Quneitra and detained a Syrian resident after searching homes. 

The developments come as Damascus says it is seeking a security agreement with Israel and as the Trump administration pressures Israel to redeploy from areas of southern Syria held since the fall of Bashar Assad’s government in December 2024.

This post was originally published on here. 

The closing bell may eventually stop marking the end of Wall Street’s trading day. The Securities and Exchange Commission said Thursday it will bring exchanges, brokerages, clearing firms and investors together on September 17 to examine what must change before U.S. stocks can trade around the clock.

Overnight access already exists through several brokerage platforms, but those sessions operate with fewer participants and thinner liquidity than the regular market. Moving toward continuous trading would require the systems behind Wall Street—not only the exchanges themselves—to remain fully operational long after banks, corporate finance departments and much of the federal payment infrastructure have closed for the day.

Clearinghouses would need to manage risk continuously, while brokerages would face additional staffing, cybersecurity and market-surveillance demands. Banks would also need a reliable way to process payments outside traditional business hours, leaving regulators to consider whether expanding trading without matching changes elsewhere could create new points of failure.

Interest in longer hours has grown alongside the number of overseas investors holding American stocks. A market that remains open through the Asian and European business days would allow those investors to respond immediately to corporate announcements and geopolitical developments rather than waiting for New York to reopen.

Greater access, however, would not necessarily mean better prices.

With fewer buyers and sellers active overnight, a relatively small order can move a stock more sharply than it would during regular trading. Wider differences between bid and asking prices could also make transactions more expensive, particularly for smaller companies whose shares already trade less frequently.

Corporate disclosure practices would face their own adjustment. Businesses have long released earnings and other significant announcements before the opening bell or after the market closes, giving investors time to absorb the information before regular trading resumes. A market that never fully shuts would remove that pause and could force companies to reconsider when and how they disclose material news.

Pressure for continuous trading has also increased as cryptocurrencies and other digital assets remain available at all hours. Supporters argue that U.S. equities should offer similar flexibility, while market operators must determine whether a system built around defined sessions can safely handle nonstop activity without weakening investor protection.

September’s discussion will not immediately extend trading hours or establish a new federal rule. It does signal that overnight trading has moved from a limited brokerage service into a broader market-structure question carrying consequences for exchanges, banks, listed companies and investors worldwide.

Whether Wall Street ultimately becomes a 24-hour market will depend less on keeping a trading screen open than on rebuilding the financial machinery operating behind it.

JBizNews Desk | Wall Street

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

The remains of Shimon and Rivka Herzl, the grandparents of modern political Zionism’s founder, Theodor Herzl, are being brought from Belgrade, Serbia, to be reinterred beside his grave on Mount Herzl in Jerusalem in the coming days. 

A high-level state funeral and burial ceremony is scheduled to take place on August 5, coinciding with the 77th anniversary of Theodor Herzl’s own reburial in 1949, when his remains were exhumed and brought to Jerusalem from Vienna.

Prime Minister Benjamin Netanyahu and President Isaac Herzog have both confirmed that they will attend the ceremony.

The initiative is being led by World Zionist Organization (WZO) Chairman Yaakov Hagoel in coordination with the Serbian authorities and the local Jewish community.

Hagoel secured the repatriation with the aid of an agreement for the exhumation from Željka Cvijanović, president of Republika Srpska, during her visit to Mount Herzl on a WZO-organized trip to Israel in 2021. Although the diplomatic arrangement was established years ago, the transfer faced multiple delays over the subsequent four years due to regional security challenges and logistical hurdles before finally moving forward.

THEODOR HERZL leaning over the balcony of the Hotel Les Trois Rois. (credit: Wikimedia Commons)

Herzl’s grandparents inspired his Zionist thinking

Shimon Loeb Herzl was an Orthodox Jew who served in honorary leadership roles in the Zemun community in Serbia.

Influenced by his close ties to the town’s spiritual leader and early Zionist forerunner Rabbi Yehuda Alkalai, Shimon became an enthusiastic advocate for establishing a Jewish state in the Land of Israel. Shimon and Rivka helped inspire, guide, and influence Theodor’s Zionist thinking that would create the movement that he later founded. 

With the exception of Herzl’s third daughter, Trude Herzl, who perished in the Holocaust (at the Theresienstadt ghetto), and whose exact final resting place remains unknown, the arrival and reburial of his grandparents will reunite the founder of Zionism with all his immediate family members, joining his parents, his sister Pauline, two of his children (Pauline and Hans), and his only grandson, Stephen Theodor Norman, who rest together on the mount. 

This post was originally published on here. 

The vast majority of religious Zionists favor dialogue leading to social consensus over parliamentary or legal processes to solve Israel’s social issues, a Tzohar poll held during Tuesday’s annual conference revealed.

According to the poll, 79% of religious Zionist attendees prefer to solve these issues with grassroots dialogue, whereas only 15% believe these problems can be resolved through new legislation.

The conference, which has become an increasingly popular event on the community calendar, follows several significant changes regarding the religion-state dynamic in Israel.

On July 14, the Bnei Brak became the first Israeli city to legislate gender-segregated streets, after the municipality decided to turn sections of Shlomo Hamelech and Ezra streets into segregated streets.

Earlier that day, the Knesset passed a heavily criticized bill to freeze the arrest of haredi draft dodgers.

Survey of attendees finds overwhelming support for social dialogue to increase pride in Jewish identity. (credit: Roey Yehuda)

‘There is a huge thirst today for spirituality in Israel’: Tzohar founder says

Rabbi David Stav, founder and chair of Tzohar, also addressed the issue of distorted religion perceived by secular Israelis on The Orthodox Conundrum podcast last week.

Rabbi Stav explained that there exists a “huge thirst today for spirituality, to understand our story–What is the Jewish story? What are our values?” 

“And instead of making this window of opportunity a source of inspiration…we take Torah and put it in a place where people feel that Torah is against all human fundamental beliefs,” he added.

“The way that Torah is perceived today [by secular Israelis] is that it is not moral, haredi, not realistic, relying on others…something [to which] they don’t want to relate.”

“The attendance of thousands of people here today reflects a broad desire of our community to have a voice on key issues of the day,” Rabbi Stav pointed out at the conference. 

“Our goal with this annual event is to present a chance to discuss topics ranging from personal challenges such as raising children in the modern world, to broader social issues about how we can create a more united Jewish society amidst the many ongoing changes Israel and the Jewish world are experiencing.”

The survey was conducted among nearly 3,000 participants at the annual summer conference of the Tzohar Rabbinical Organization, held at the Tel Aviv Expo. It focused on the theme of “For the Sake of Heaven and Earth,” bringing together leading rabbinical, educational and social thinkers to address many of the key issues confronting the religious Zionist community post Oct. 7. 

This post was originally published on here. 

The UK’s new Prime Minister, Andy Burnham, came under fire recently from the Shadow Justice Secretary, Nick Timothy, in response to the appointment of Andy Slaughter, an MP fiercely critical of Israel with a long record of pro-Palestine activism, as the new Solicitor General. Timothy described it as an “absolute disgrace” and said it “beggars belief” that Labour would give control of the government’s legal department to someone who had “sympathy for Hamas.”

Timothy’s remarks were referring to the recent resurfacing of photos following the appointment showing Slaughter with Hamas associates.

The Solicitor General serves as a core legal adviser to the government and helps oversee public-interest functions, including granting specific legal consents for certain terrorism-related prosecutions. 

So, who is Andy Slaughter and what does his past record tell us about his positions on Israel and the Middle East conflict and related topics?

Slaughter and former Labor Party leader Jeremy Corbyn posed alongside Hamas associates Mohammed Totah, Ahmed Attoun, and Khaled Abu-Arafehat at a meeting in Jerusalem during a fact-finding trip to the region in November 2010 sponsored by Friends of Al-Aqsa and Middle East Monitor (Memo). 

 Andy Slaughter MP, Sharon Hodgson MP, Chair of APPG on Ovarian Cancer, Lesley Josep and Barbara Keeley MP attend The Eve Appeal afternoon tea party to mark the beginning of Ovarian Cancer Awareness Month at House of Commons on February 28, 2017 in London, England. (credit: John Phillips/Getty Images for The Eve Appeal)

Slaughter reportedly claimed to have met with Faraj al-Ghoul, Hamas’s Justice Minister, and Dr Ahmed Yousef, Hamas’s Deputy Foreign Minister, during another undeclared visit to Gaza with the Britain-Palestine All Party Group. 

Both Yousef and al-Ghoul were later assassinated by Israel during the war that followed the October 7 massacre. 

Slaughter wrote in a 2010 article shortly after meeting with Hamas associates that Israel should negotiate with Hamas “without preconditions.”

“A whole generation is growing up in conditions that are a breeding ground for intolerance and aggression, as we saw last week,” Slaughter wrote. “One way to break the deadlock is to negotiate without preconditions with those who have a mandate and a willingness to achieve progress. From my experience now on several visits to the region in the past three years, this includes Hamas.”

Slaughter accuses Israel of killing civilians 

On numerous occasions, Slaughter has said on his X/Twitter account that the Israeli military indiscriminately kills civilians.

The UK’s Jewish News website reported in November 2015 that Slaughter was alleged to have made remarks implying that Israel “fabricates and invents” reasons to kill Palestinians during a meeting of the Palestinian Return Center in October.  

In January 2024, a few months into Israel’s war against Hamas in Gaza, Slaughter told the UK parliament, “The Minister says Israeli military action should be targeted on Hamas leaders and operatives. He knows better than anyone it is not.”

Slaughter added that “ending trade with illegal settlements is, as a matter of fact and law, unrelated to boycott, divestment, and sanctions.”

In February 2025, Slaughter urged the UK government several times to respond to the International Court of Justice’s (ICJ) advisory opinion.

The ICJ advisory opinion refers to the case brought forward by South Africa to the ICJ against Israel during its war against Hamas, accusing Israel of committing genocide. In July 2024, the court delivered an advisory opinion declaring that Israel’s presence in the Palestinian territories was unlawful and must be brought to an end. 

Israel to blame for PA textbook antisemitism, Slaughter claims

The Campaign Against Antisemitism reported in June 2021 that Slaughter was among numerous MPs who “appeared to excuse antisemitism in Palestinian Authority textbooks” during a Parliamentary debate following the publication of an EU Review into Palestinian school textbooks which revealed anti-Jewish racism within the curriculum.

Slaughter reportedly blamed Israel for the textbooks’ antisemitism. Slaughter conceded that there were “regrettable passages” in the textbooks but went on to say: “Above all, there is an inequality of arms. What the Israelis have been able to do to the Palestinians over 53 years of military occupation, with 650,000 Israelis in illegal settlements, and many other things during this crisis, needs to be addressed. That is the real root of the problem that has to be dealt with.”

Slaughter has long advocated in parliament for the UK to suspend arms supplies to Israel, including throughout 2025 during its ongoing war in Gaza, Lebanon, and Iran.

Slaughter addressed parliament on May 15, 2018, by acknowledging that it was Nakba Day and “the seventieth anniversary of the ethnic cleansing of Palestinians.” 

In the same speech to parliament, Slaughter proceeded to tell the chamber that “Israel chooses to mark it by escalating the murder and maiming of civilians in Gaza” and called for the suspension of arms sales to Israel.

Slaughter’s comments referred to Palestinians who had been protesting and rioting at the Israel-Gaza border as part of the March of Return protests, which began in March 2018, attempting to breach Israel’s border fence.

New Solicitor General promotes boycott goods from settlements

While Slaughter campaigns for an arms embargo against Israel, he has also claimed while speaking to parliament, “I have never been a particular supporter of BDS because it is a blunt weapon.”  

For many years, Slaughter has promoted the boycotting of goods from Israeli settlements in the West Bank.

Slaughter said during a speech to parliament in May 2018, “We should address the specific issues where Israel has got it wrong, and where we have got it wrong. One is on recognition; another is on trading with settlements.”

Jewish communities have campaigned globally for governments and institutions to adopt the International Holocaust Remembrance Alliance’s (IHRA) definition of anti-Semitism in order to combat growing anti-Semitic incidents. In 2018 Slaughter voted against the Labour party’s adoption of the IHRA definition.

Slaughter celebrated in September 2025 the UK’s recognition of the state of Palestine. Slaughter participated in the opening of the embassy, located in his London constituency in Hammersmith, where he serves as the Labour MP for Hammersmith & Chiswick.  

Slaughter has long engaged in pro-Palestinian activism with various local activist groups, including the Palestine Solidarity Campaign (PSC), where he has led up front at marches and spoken to crowds.

Slaughter voted in favor of proscribing Palestine Action as a terrorist group. The group was banned under the Terrorism Act 2000 following a government assessment that its sustained campaign of direct action, property damage, and attacks against defense firms and national infrastructure crossed the legal threshold for domestic extremism and terrorism. 

Slaughter says he believes that lasting peace is to be achieved through “recognition of both states, adherence to international law, and an end to occupation.” 

Ultimately, Slaughter’s elevation to the role of Solicitor General places an official with a long-standing record of critical positions on Israel into a key governmental advisory post. Given his historical advocacy for arms embargoes, settlement goods boycotts, and unilateral Palestinian state recognition, his tenure introduces a prominent critic of Israeli policy into the heart of Britain’s legal establishment.

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A man was arrested in Paris, France, after wounding three people with two kitchen knives, police stated on Monday.

The incident took place near Place de Clichy, police stated, adding that the three victims were taken to the hospital.

French Interior Minister Laurent Nunez told reporters that all three victims were women.

An illustrative image of a man in handcuffs, being arrested. (credit: SHUTTERSTOCK)

The man attacked the three women, who were aged 19, 24 and 36, with two kitchen knives, severely wounding two of them, Nunez said.

Attacker detained by off-duty police officer

The minister said the man had been detained by an off-duty police officer. “I pay tribute to him, it was a courageous act,” Nunez added.

The motive of the attack remains unknown, Nunez said, adding police could not verify the identity of the attacker, whose declarations were “incoherent” when he was being arrested.

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The US Senate is due to begin voting as early as Monday on the nomination of Manhattan US Attorney Jay Clayton, US President Donald Trump‘s pick to be the top US spy, and he is expected to be approved within days despite a tense confirmation hearing.

If approved to be the director of national intelligence, Clayton would fill a role vacated in June when Tulsi Gabbard stepped down after a tenure marked by clashes with congressional Democrats, who accused her of advancing Trump’s political agenda and promoting debunked election claims.

The Senate is due to hold a procedural vote Monday evening on whether to advance Clayton’s nomination for the job overseeing the nation’s 18 intelligence agencies.

The position of DNI was created after the September 11, 2001, attacks to coordinate the country’s sprawling intelligence apparatus. Many senators are eager for Clayton to take up the post because they are unhappy with the interim director of national intelligence, Federal Housing Finance Agency Director Bill Pulte, a Trump loyalist without national security experience who has been cutting staff at the agency.

If Clayton wins a majority in the 100-member Senate on the procedural vote, a final confirmation vote is expected later in the week. Trump’s Republicans, who have a 53-47 majority in the chamber and rarely break from the White House, are expected to provide Clayton with enough votes for confirmation even if Democrats balk.

Jay Clayton, US President Donald Trump's nominee to be Director of National Intelligence, testifies during a Senate Intelligence Committee confirmation hearing on Capitol Hill in Washington. (credit: Nathan Howard/Reuters)

Intelligence Committee recommends Clayton to Senate by narrow vote

The Senate Intelligence Committee recommended Clayton to the full Senate in a narrow 9-8 vote on Tuesday.

He received yes votes only from the panel’s Republicans after repeatedly refusing to directly acknowledge that Trump lost the 2020 presidential election despite repeated questioning during his confirmation hearing.

Clayton also faced questioning from Democrats about his decision to issue subpoenas ordering New York Times journalists to testify before a federal grand jury after reporting on security concerns involving Trump’s new Qatari-donated Air Force One plane.

A prosecutor said at a court hearing on Tuesday that the Trump administration would withdraw the subpoenas after a judge’s close questioning about the investigation.

“From start to finish, Mr. Clayton has proven himself incapable of telling the truth or demonstrating an iota of independence from Donald Trump. For those reasons, I voted ‘no’ on his nomination,” Oregon Senator Ron Wyden, a senior Democrat on the Intelligence Committee, said in a statement.

Republican committee chair calls nominee ‘highly qualified’

Republican Arkansas Senator Tom Cotton, who chairs the committee, called Clayton a “highly qualified nominee with a deep experience combating a wide range of national security threats.”

Clayton’s confirmation process was dogged by controversy even before his July 15 hearing. In mid-June, Trump abruptly threw doubt on his nomination by ordering the abrupt postponement of the hearing in an effort to force Congress to pass an overhaul of US voting rules.

Senators, including Cotton, said at the time they expected the hearing to go ahead as scheduled, but then said Clayton would not appear after Trump ordered him to stay away.

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Airlines are entering one of the busiest travel periods of the summer with an unexpected tailwind: falling oil prices. After crude retreated following the pause in U.S. and Iran military strikes, carriers are watching closely to see whether lower fuel costs can improve profits during a season of strong passenger demand.

Jet fuel is one of the airline industry’s largest operating expenses, and even modest declines in crude oil prices can significantly reduce costs if they persist. While fuel prices do not fall immediately, a sustained drop could improve airline margins in the months ahead and reduce pressure to raise fares.

Lower fuel prices won’t change airline economics overnight, but they can quickly improve the industry’s outlook.

Airlines continue to benefit from steady demand for both leisure and business travel, although carriers remain cautious about labor costs, aircraft delivery delays and ongoing supply-chain constraints that have limited fleet expansion.

For travelers, the immediate impact is likely to be stability rather than sharply cheaper tickets. Airlines typically price fares based on demand, competition and capacity, with fuel costs influencing pricing over time rather than from one week to the next.

The combination of strong travel demand and lower energy costs is one of the more favorable scenarios airlines have seen this year.

Investors will be watching upcoming airline earnings for signs that executives expect fuel savings to offset higher wages and maintenance expenses. If oil prices remain contained, the industry could enter the fall with stronger profitability than many analysts had projected.


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RA Capital and a fleet of other investors are putting $175 million behind Oak Hill Bio, a startup trying to revive an experimental Angelman syndrome drug that Roche shelved. 

Oak Hill is competing with Ultragenyx Pharmaceutical and Ionis Pharmaceuticals, both of which are already running Phase 3 trials of similar drugs for the same disease. Ultragenyx will have results this year.

Oak Hill is betting it has the best molecule.

Continue to STAT+ to read the full story…

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Moody’s Ratings told investors this week that the buildout of artificial intelligence infrastructure is draining free cash flow and raising balance-sheet risk at six of the largest technology companies in the world. In a research note issued Wednesday, the agency wrote that the shift from asset-light to asset-heavy business models “requires unprecedented levels of investment,” and said the transition threatens credit quality at Microsoft, Amazon, Alphabet, Meta, Oracle, and CoreWeave.

Moody’s projects combined capital expenditures of $785 billion across the six firms in 2026, rising to roughly $1 trillion the following year, against direct debt that has already reached approximately $460 billion.

The number that deserves the most attention, though, is the one that does not appear on any balance sheet.

The leases nobody is counting

Rather than owning every new facility outright, hyperscalers have leaned on off-balance-sheet financing through long-term data center leases. Moody’s puts those lease commitments across the group at $1.2 trillion, with more than $820 billion tied to leases that have not started because the buildings are still under construction. The agency treats those obligations as debt-equivalent liabilities — commitments that will bind these companies to substantial rent payments regardless of what happens to AI demand.

Moody’s analysts pegged the unstarted-lease figure at $662 billion back in February. It has climbed roughly 24 percent in five months, and the off-balance-sheet total now runs to nearly twice the group’s combined direct borrowing.

That is the structural point. A company can slow capital spending in a downturn. It cannot walk away from a signed twenty-year lease on a facility that is halfway built.

Where the pressure actually sits

The top of the group is not in trouble. Moody’s noted that Microsoft, Alphabet, Amazon, and Meta still hold among the strongest corporate balance sheets in the world, and their investment-grade ratings are not at immediate risk.

The strain is concentrated below them. Oracle carries a Baa2 rating with a negative outlook, two notches above junk, while CoreWeave sits in high-yield territory at Ba3 and finances its Nvidia GPU fleets through complex private debt structures. Those are the two names where a demand shortfall translates into a financing problem rather than a headline.

The circularity problem

Moody’s also flagged what it calls a circular AI ecosystem: a portion of the multibillion-dollar contract backlogs hyperscalers cite as evidence of demand comes from strategic agreements with pre-IPO AI labs including OpenAI and Anthropic — labs that have received large investments from the same tech giants now selling them cloud capacity.

That structure inflates reported demand without necessarily producing independent revenue. The Bank for International Settlements has characterized some of the financing behind the buildout as resembling shadow borrowing. Whether the backlog is real customer demand or recycled capital is the question that determines whether $1.2 trillion in future rent gets covered.

Moody’s has separately noted a two-to-three year lag between capital spending and AI revenue actually arriving.

What the market did with it

The test came almost immediately. Alphabet reported its first negative free cash flow quarter since going public, despite Google Cloud revenue growing 82 percent, and the stock fell 7 percent as investors pressed for evidence that the capital being deployed will be monetized. Quarterly capital expenditures hit $44.9 billion, and the company raised its 2026 capex guidance by $15 billion at the midpoint to a range of $195 billion to $205 billion, signaling a significant further increase in 2027.

Strong cloud growth was not enough. That is a genuine shift in how this spending is being received.

Why it matters outside Silicon Valley

Three implications for businesses that are not building data centers.

Enterprise AI pricing is not permanently subsidized. Companies that have built workflows around current per-token and per-seat pricing should understand that those rates reflect a land-grab phase funded partly by debt. Providers facing pressure to demonstrate returns on $785 billion have an obvious lever.

The regional development pipeline carries real risk. Data center projects promised to municipalities across the Northeast and mid-Atlantic depend on developers and tenants who are financing speculatively. Local officials negotiating tax abatements and grid interconnection commitments are counting on rent that Moody’s is now describing as an obligation rather than a certainty.

Credit markets are repricing tech, and that flows downstream. When bondholders demand wider spreads on the largest technology borrowers, the cost of capital rises for every vendor and integrator in that supply chain.

None of this argues the buildout is a mistake. Moody’s itself points to robust computing demand and long-term contracts that give real revenue visibility. The argument is narrower and harder to dismiss: the economics of the most profitable business model of the last two decades are being rebuilt in public, on borrowed money, and the bill arrives on a schedule nobody controls.

JBizNews Desk | New York

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A federal merger investigation that once required companies to produce millions of documents before learning whether regulators had a serious objection may now begin with a narrower question. The Justice Department’s Antitrust Division said Thursday it is restoring a targeted review process intended to resolve some transactions faster without reducing the government’s ability to challenge deals that threaten competition.

Known as a Second Request, the deeper investigation begins after regulators decide that the information included in a company’s initial merger filing is not enough to determine whether the acquisition should proceed. Businesses can then spend months collecting internal emails, pricing records, customer data and strategic documents while financing commitments, integration plans and closing deadlines remain unresolved.

Under the restored approach, investigators can first identify the products, customers or geographic markets raising the greatest concern and ask the companies to prioritize information tied to those issues. A transaction may still face a full document demand, but regulators will have an opportunity to narrow or close the investigation after reviewing the most relevant evidence.

That could materially change the cost of pursuing an acquisition.

Legal teams and technology vendors are often hired before a company knows how broad the government’s concerns will become, and the expense of reviewing millions of records can continue even when the potential competitive problem involves only one small part of the deal. Earlier clarity would allow buyers to decide whether to offer a remedy, renegotiate the transaction or walk away before those costs deepen.

Greater certainty could also influence how mergers are financed. Banks and investors generally commit money for a defined period, while purchase agreements frequently include deadlines and penalties tied to regulatory approval. Delays can weaken a business even when the government eventually allows the transaction to close.

None of that means enforcement is easing. Deals involving concentrated markets, essential infrastructure or government suppliers can still face extensive investigations and court challenges, and the division said companies must fully comply whenever a broader review is necessary.

A model timing agreement released alongside the policy is meant to give both sides a clearer schedule for producing information and completing the investigation. Whether the change works will depend on how consistently prosecutors limit their early requests and how quickly companies provide the records regulators consider most important.

What appears to be a procedural adjustment could therefore have a meaningful effect on corporate dealmaking. If targeted reviews produce faster answers without missing competitive harm, companies may gain a more predictable path through Washington while regulators preserve the authority to stop transactions that leave customers with fewer choices.

JBizNews Desk | Wall Street

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American shoppers continued to spend in June even as high interest rates and economic uncertainty weighed on household budgets, providing another sign that consumer demand remains a key pillar of the U.S. economy.

The Commerce Department reported that U.S. retail sales rose 0.2% in June following a stronger gain in May. Excluding gas stations, where lower fuel prices reduced overall sales, consumer spending remained solid as shoppers bought vehicles and took advantage of seasonal promotions. 

For businesses, the report suggests consumers are still willing to spend, but they’re becoming more selective about where and how they shop.

Retailers are finding that promotions—not higher prices—are increasingly driving sales.

Automobile dealers, online retailers and several discretionary categories posted gains, while lower gasoline prices pulled down sales at fuel stations. The figures indicate that consumers are adjusting their spending habits rather than pulling back across the board. 

The report arrives as retailers prepare for the second half of the year, a period that includes back-to-school shopping and the early buildup to the holiday season. Companies will be watching closely to see whether easing fuel costs give households more room to spend elsewhere or whether higher borrowing costs continue limiting discretionary purchases.

The strength of the American consumer remains one of the biggest variables shaping the broader economy.

Economists say future spending will depend on inflation, job growth and interest rates. If consumers continue opening their wallets despite ongoing financial pressures, retailers could enter the fall with stronger momentum than many had anticipated. But if confidence weakens, businesses may be forced to rely more heavily on discounts to keep shoppers coming through the door. 


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Turkey is attempting to interfere in Israel’s upcoming election through activity on social media, senior Israeli security officials told The Jerusalem Post on Monday.

According to the officials, the activity is intended to influence Israeli public opinion, disrupt the election campaign and deepen divisions between different groups within Israeli society.

The officials did not provide details about the social media accounts, platforms or organizations involved. They also did not say whether the operation was being directed by the Turkish government.

The assessment places Turkey alongside Iran among the foreign actors Israeli security authorities suspect of attempting to influence the election and exploit divisions within Israeli society.

Further, the disclosure comes as Shin Bet (Israel Security Agency) chief David Zini prepares to present information about indications of foreign election interference to a classified Knesset subcommittee on Monday, Israeli public broadcaster KAN News reported earlier on Monday.

Israel Security Agency (Shin Bet) Director David Zini visits at Mount Herzl Military Cemetery in Jerusalem during Memorial Day which commemorates the fallen Israeli soldiers and victims of terror, on April 21, 2026.  (credit: CHAIM GOLDBERG/FLASH90)

Zini is also expected to brief lawmakers on Israel’s ability to track covert flows of money intended to finance political activity inside the country, according to the report. Central Elections Committee chairman and Supreme Court Deputy President Noam Sohlberg is also expected to attend the hearing.

The National Cyber Directorate told previous Knesset hearings that indications of attempted election interference had already been detected, KAN reported.

Foreign attempts to influence the vote have become a growing concern ahead of Israel’s October 27 election, the country’s first national election since the October 7 massacre and the war that followed.

Herzog warns of threats to election’s integrity

President Isaac Herzog warned last week about threats to the integrity of the election after meeting with Zini and Sohlberg.

Herzog urged law-enforcement authorities to act firmly against the threats and called on Israelis to exercise caution when consuming and sharing material on social media.

“Elections are a test for Israeli democracy, and they are also a test for the unity and cohesion of Israeli society,” Herzog said.

A State Comptroller’s Office report published earlier in July found that Israel had no national policy or designated government body responsible for coordinating the response to foreign online influence campaigns, despite authorities having identified the threat years ago.

State Comptroller Matanyahu Englman warned that hostile actors, including Iran, were using social media to deepen divisions, spread panic and manipulate Israelis’ understanding of events.

Former Central Elections Committee chairman Hanan Melcer also warned this month that Israel must prepare for attempts by foreign and domestic actors to interfere in the election, including through artificial intelligence and anonymous social media activity.

Sarah Ben-Nun contributed to this report.

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Israel’s next government will declare Qatar an “enemy state,” former prime minister and head of Together Naftali Bennett said at Israel’s National Security Conference (INSS) on Monday. 

“Qatar is a violent antisemitic cancer that sends metastases to the West and even to the office of the prime minister of Israel, with the aim of destroying the State of Israel,” Bennett accused at the conference.

According to Bennett, Qatar is a leading financier of Islamist terrorism, particularly of Hamas, whose hands are stained with the “blood of many Israelis who were murdered, raped, burned, and abducted” during the October 7 massacre.

Former Prime Minister Naftali Bennett speaks during an election event for the joint list Together ahead of the upcoming elections, in Haifa, June 2, 2026. (credit: Sharon Leibel/Flash90)

Bennett: Qatar’s leaders want to eliminate Israel

Bennett also said Qatar had established “a global influence machine aimed at eliminating Israel,” adding that it operates and funds Al Jazeera, which has been banned in Israel over inciting hatred against the state.

“Had even the most basic commission of inquiry into October 7 been established, this would have been one of its first conclusions,” Bennett affirmed. “Qatar is an enemy state, and its leaders want to eliminate Israel.”

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The defense establishment assessed that the entry of the International Stabilization Force (ISF) into Gaza could restrict the IDF’s freedom to conduct offensive operations, weaken its ability to act against emerging terrorist cells, and strengthen Hamas, diplomatic and security sources told Walla on Sunday.

This comes as the United States presses Israel to move forward with rebuilding the Gaza Strip before it has been fully demilitarized and Hamas has been disarmed, the sources added.

In this context, the security cabinet approved on Sunday evening granting immunity to the ISF ahead of its deployment to certain areas of the Gaza Strip.

A diplomatic official explained that the approval in principle for the force’s entry was included in US President Donald Trump’s 20-point plan, which led to the release of all the hostages.

The official said that following approval for the deployment of approximately 200 personnel from countries friendly to Israel, including Uganda and Morocco, Israel continued to insist that the IDF remain on the yellow line and not withdraw from it until Hamas had been disarmed and the Gaza Strip fully demilitarized.

Palestinians at the site of an Israeli drone attack on the beach in the Nuseirat refugee camp, in the central Gaza Strip, July,11, 2026.  (credit: Ali Hassan/Flash90)

Security officials warn of constraints on IDF operations

However, Walla learned that diplomatic and defense officials asked the Americans to postpone the next stage of the initiative to prevent the erosion of the IDF’s achievements. The request was rejected, and the officials were told that the process was moving forward in accordance with Trump’s wishes.

The defense establishment argues that the move normalizes Hamas’s current position and allows the terrorist organization to select new leaders, rebuild its military wing, reestablish its rule, and deepen its hold over Palestinian society through intimidation and violence.

Officials said that only the IDF, rather than a multinational force, is capable of clearing the Gaza Strip of weapons and disarming Hamas.

Security officials also expressed doubt over the feasibility of establishing a terrorism-free “green city” in Rafah. They assess that Hamas will continue to intimidate the population, control events remotely, and exploit the initiative for its own purposes, including through smuggling from Egypt and the establishment of new terrorist infrastructure.

Military officials familiar with the process said that any progress in deploying multinational forces to the Gaza Strip would prevent Israel from demilitarizing the territory and contradict the US commitment that Hamas must first be disarmed before reconstruction moves forward.

“In practice, the exact opposite is happening,” they said.

The officials further assessed that deploying personnel from countries friendly to Israel would increase the sensitivity surrounding any military action in the Gaza Strip, weaken the IDF’s operational initiative, and limit its ability to act against emerging terrorist cells.

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Israel would be blamed for the failure of another large-scale attack against Iran if Prime Minister Benjamin Netanyahu tries to persuade US President Donald Trump to renew the strikes during his upcoming visit, former senior defense official and Iranian nuclear expert Avner Vilan told 103FM on Monday.

“If he succeeds in persuading Trump to attack again, and the attack succeeds, I take my hat off to him,” Vilan said. “But if it does not succeed, the US will blame us even more for dragging it into a war that damaged its international standing and drove up fuel prices.”

Speaking with Ilil Shahar and Amichai Attali, Vilan explained that the US and Iran are locked in a fragile status quo between a new agreement and a return to full-scale war, ahead of Prime Minister Benjamin Netanyahu’s expected meeting with US President Donald Trump in Washington.

He added that neither side was satisfied with the current situation, but neither was in a hurry to change it.

“Since the end of Operation Roaring Lion, the situation has been neither here nor there, a kind of status quo involving a new balance of neither peace nor war. It may be a better situation for all the players than the alternatives. We have essentially been in the same situation since the end of March,” Vilan said.

US forces operating in the Strait of Hormuz, July 17, 2026. (credit: Screenshot/X/@PeteHegseth)

The other options on the table, he said, were considerably more complex and dangerous. “The alternatives are an agreement or high-intensity war,” the former senior official pointed out.

Iranian concessions and the risks of renewed fighting

At this stage, however, Vilan assessed that Iran was not prepared to pay the price required under an agreement.

“Iran does not want to reach an agreement. It is not prepared to relinquish what it achieved in Hormuz, and therefore it would prefer war to going backward,” he said. “Of course, it does not want to initiate a high-intensity war, and it would prefer to buy time until the midterm elections or until there is a new president in the United States.”

The US administration’s room to maneuver has also narrowed. Vilan argued that Washington had already gone a significant distance in its efforts to reach an understanding and now expected concessions from Tehran.

“The US is currently in a difficult position,” Vilan said. “The US has reached the limit of the concessions it can make in an initial agreement. At this point, an agreement would have to include significant Iranian concessions, and that will not happen.”

At the same time, he did not view renewed strikes as a simple solution.

“A return to fighting would send oil prices soaring, and there is a larger question here: What would they gain from fighting? Can they change the Iranian position?”

Shortage of interceptor missiles playing a role in US’ strategy

The New York Times reported over the weekend that one of the considerations that prevented the US from launching a major attack on Iran was a shortage of interceptor missiles.

Vilan assessed that the report likely had some basis, but said the central question was not only military capability, but also the possible strategic outcome.

“I assume there is some truth to the report, and a shortage of interceptors is another consideration,” he said.

However, he stressed: “If we knew there was a plan that would bring about regime change in Iran and that afterward we would be friends forever and ever, perhaps I would support such a move even without interceptors.”

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The father of Fatemeh Soltani, who murdered the 18-year-old nail artist in April last year outside a salon, was sentenced to eight years in prison and ordered to pay diyah (blood money) by the the Tehran Criminal Court, according to a social media account taken over by the victim’s family, Iranian media reports, and human rights organizations.

Soltani was stabbed by her father in a violent attack on the street, witnessed by multiple passersby, and died on her way to the hospital. Video of the attack quickly spread online, with rumors that the young woman had been beheaded by her father for seeking economic independence.

Her father, according to the conservative Iranian media site Tabnak, went to the police after the killing to claim he had murdered his daughter over “moral issues.”  However, the victim’s brother told Khabar Online last year that his sister was killed because she had uncovered her father’s affair.

In court, Soltani’s mother testified that her husband had been a violent man and that her daughter had feared that he would use honor as a way to avoid qisa (a retributive punishment that allows the family of murder victims to demand the death penalty).

“I lived under the same roof as Fatemeh’s father for 27 years. I endured every hardship to build a good life and raise two well-mannered children. But from the very beginning, my husband was an angry man,” she testified, according to Tabnak. “He beat me many times, once breaking my nose and another time my teeth. He repeatedly held a knife to my throat and once stabbed my hand several times. I filed numerous complaints against him in different courts for verbal abuse and assault. He even once smashed the windows of my brother’s shop.

Fatemeh Soltani (credit: screenshot)

Soltani’s father defended his actions in court

“Then, in 2023, my husband cheated on me. My daughter found out and showed me his chats with another woman. From that point on, my husband threatened Fatemeh so severely that, in a voice message she sent me, she wished for death. He knew that in his village someone had killed their own child and that parents cannot be sentenced to qisas for killing their children. He would say that whenever he wanted, he could run over his children with his car.”

In court, Soltani’s father defended himself, claiming that he only beat his wife when she provoked him by dressing in a way inconsistent with the teachings of Islam, claiming she “practiced spirit summoning” and created financial stress for him.

He claimed he only began stabbing his daughter when she started insulting him for disgracing the family.

“She kept insulting me. I became enraged by what she was saying. I picked up a knife that had been under the seat since Sizdah Bedar and stabbed her once. Then, after she got out of the car, I stabbed her several more times,” he told the courts. “Suddenly I came to my senses and heard a woman screaming that I had killed my daughter. Only then did I realize what I had done to Fatemeh.”

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On Wednesday, July 27, 1955, El Al Flight 402 was cruising at around 18,000 feet over the Balkans when two Bulgarian MiG-15 fighter jets rose to intercept it.

The Lockheed Constellation, carrying 51 passengers and seven crew from London to Tel Aviv, had strayed from its assigned airway and crossed into communist Bulgaria. The Bulgarian fighter jets opened fire, and the airliner began to descend, burning, as the crew apparently tried to reach safety near the Greek border.

The plane never reached the ground intact.

Struck a second time as it descended through 8,000 feet, the Constellation was attacked again near 2,000 feet. It broke apart in midair and fell in flames near the town of Petrich. There were no survivors.

For several hours, however, the full horror remained unknown. El Al’s first statement spoke of an SOS message, gunfire and a “forced landing” inside Bulgaria.

 An envelope salvaged from the 1955 LY402 plane crash, carrying a Hebrew stamp stating ''This postal item survived in the El Al plane which was shot down in Bulgaria on 27.7.55''.  (credit: Aviad2001/WikimediaCommons)

By the following morning, July 28, the truth had reached Israel. All 58 passengers and crew were dead.

That day, The Jerusalem Post carried the news across its front page beneath the headline: “Israel Lodges ‘Vehement Protest’ At Shooting Down of El Al Airliner.” Underneath, in still larger human terms, were the words: “All 58 Passengers, Crew Dead.”

Flight 402 had begun its scheduled journey in London the previous evening, stopping in Paris and Vienna. At 2:53 a.m., it departed Vienna for Lod Airport on the final leg of the journey. Its course was supposed to follow the Amber 10 airway over Yugoslavia and Greece, avoiding the tightly guarded territory of the Soviet-aligned People’s Republic of Bulgaria.

Somewhere over Yugoslavia, something went wrong. The aircraft left the airway and turned toward the Bulgarian frontier. An accident account later suggested that the crew may have misidentified the Skopje radio beacon after an incorrect radio-compass indication, possibly affected by storm activity. The reason for the deviation was never established beyond dispute.

What followed was less ambiguous. Bulgarian air defenses detected the airliner and sent two MiG-15s to meet it. Bulgaria later claimed that its pilots had fired warning shots and instructed the aircraft to land. According to the Bulgarian version, the Constellation appeared to comply before turning south toward Greece.

The order was then given to shoot it down.

Pini Ben-Porat: The pioneer in the cockpit

Among the men in the cockpit was First Officer Pinchas “Pini” Ben-Porat, one of the pioneers of Israeli aviation. Born Pinchas Anchipolovsky in Ukraine in 1914, he immigrated to Mandatory Palestine as a child and became a pilot in the Palmach’s Palavir.

In December 1947, before the State of Israel came into existence, Ben-Porat flew a light aircraft to the besieged Nevatim settlement, removed one of its doors and carried out an improvised attack with a gunner and hand grenades – an early example of Israeli close-air support. He later flew during the War of Independence, commanded the Israel Air Force’s 69 Squadron and became the first Israeli instructor at the IAF flight academy before joining El Al in 1950.

The captain was Stanley Reginald Hinks, a veteran of the Royal Air Force’s Transport Command. A later British submission to the International Court of Justice described him as a reliable officer and an “above-average pilot with a high sense of duty.”

For El Al, then only six years old, the disaster was unprecedented. In its July 28 edition, the Post noted that it was “the first time in El Al’s history that one of its passenger planes had crashed.” Days later, the airline said it was proud of the “unblemished record of safety” maintained by its crews over millions of miles.

The first Bulgarian explanations only deepened the anger. Sofia initially said that anti-aircraft gunners had brought down the aircraft after it entered Bulgarian airspace without warning, while Israel demanded access to the crash site and sent an investigative mission led by El Al operations chief Yoel Palgi.

The three-man team was eventually allowed into Bulgaria, but only for six hours. In a story published on August 1, The Jerusalem Post reported that after returning to Athens, Palgi said the investigators had seen “charred debris of the Constellation scattered over a wide area of a hill,” but accused Bulgarian officials of removing material connected to the passengers.

“We were received most coldly by the Bulgarians, who during our six-hour stay offered us just one glass of water,” he said.

Israel brought the El Al case to the International Court of Justice

The mission concluded that the aircraft had been brought down by two fighters rather than ground fire. Bulgarian authorities revised their account days later, admitting that two MiG jets had attacked Flight 402 and that their pilots had been “too hasty.”

Sofia expressed regret, promised to punish those responsible and offered compensation, while continuing to blame the aircraft for penetrating deep into its territory.

In Israel, the language was far less restrained. On August 5, the Post published a press review under the title “The El Al Murder,” describing the shooting as a “brutal” act and warning against allowing Bulgarian explanations to obscure what had happened.

Five days earlier, on July 31, another archive page had appeared beneath the heading “Nation Mourns Air Victims,” capturing the scale of the shock in a country whose national airline had until then never suffered such a loss.

The dispute continued long after the wreckage had been cleared. Israel brought the case to the International Court of Justice, arguing that Bulgaria was responsible for the destruction of an innocent civilian aircraft.

In May 1959, the court ruled that it did not have jurisdiction to decide the dispute; it made no judgment on the lawfulness of the attack itself. A compensation agreement was finally reached in 1963, with Bulgaria agreeing to pay $195,000 for the 22 Israeli victims, although the settlement did not cover the loss of the aircraft.

The dead were buried in a common grave at Kiryat Shaul Cemetery in Tel Aviv. A year after the disaster, a new moshav in southern Israel was named Nir Hen: “hen,” the Hebrew letters het and nun, has the numerical value of 58.

Even some of the mail which was carried aboard Flight 402 survived the fire and impact. When it eventually reached Israel, it was marked with a simple Hebrew stamp: “This piece of mail survived in El-Al airplane that was shot down over Bulgaria on 27.7.55.”

Seventy-one years later, it remains one of the darkest surviving descriptions of what happened in the skies above Petrich.

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July 26, 2026

Samsung Electronics and Broadcom are expanding a long-running supplier relationship into a five-year alliance that could exceed $200 billion through 2030, bringing memory, advanced chip manufacturing and semiconductor packaging together as the race to build custom artificial-intelligence systems moves deeper into the supply chain.

Announced Saturday at an AI summit in San Francisco, the agreement calls for Samsung to provide high-bandwidth memory for Broadcom’s future AI accelerators while manufacturing additional products using processes measuring two nanometers and below. Advanced packaging will form another part of the collaboration, allowing memory and computing components to operate closer together with less power loss and heat.

Until now, much of the AI competition has centered on which company could design the fastest processor. That calculation is changing as cloud providers discover that performance depends just as heavily on memory, packaging, manufacturing capacity and the electricity required to keep the equipment running.

Broadcom has benefited from the shift toward custom chips designed around the specific workloads of large technology companies. Turning those designs into working products, however, requires access to manufacturers capable of producing increasingly complex components at scale—an opening Samsung has been investing heavily to capture.

For Samsung, the opportunity reaches across several businesses at once. Its memory division would supply one of the most valuable components inside an AI system, while its foundry operations would gain a major customer for leading-edge manufacturing technology. Packaging those parts within the same organization could also shorten production timelines and reduce Broadcom’s dependence on separate suppliers.

Power consumption may ultimately determine how quickly the partnership grows. Data centers are already competing for limited electrical capacity, making chips that can move more information without sharply increasing energy use especially valuable to operators, utilities and businesses trying to control the cost of deploying AI.

The $200 billion estimate is not a guaranteed purchase commitment. It reflects the scale Samsung and Broadcom believe the collaboration could reach if customer demand continues and future products move successfully into mass production.

Even with that uncertainty, the agreement marks a broader change in the AI market. Winning the next phase will require more than designing a powerful processor; companies will need reliable access to memory, manufacturing, packaging and power-efficient infrastructure at the same time. Samsung is betting that its ability to supply several of those pieces will move it closer to the center of the global AI buildout.

JBizNews Desk | Wall Street

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Just south of the intersection of two main roads in western Delray Beach, Florida, is a hidden community filled with properties “designed to make a billionaire’s jaw drop.”

Behind heavily guarded gates patrolled around the clock by former military veterans and Navy SEALs, a new standard of American luxury is quietly taking shape. Welcome to Stone Creek Ranch, where actor Mark Wahlberg, hedge fund billionaire Steve Cohen, Rockstar Energy founder Russ Weiner and NFL star Khalil Mack call themselves neighbors.

Fox News Digital got an inside look at the enclave’s newest flagship listing, “Villa Skyfall,” an $85 million James Bond-inspired estate complete with hidden passages and a poker room, a rainforest-style spa and 2.5 private acres.

“This is literally the most prestigious address in South Florida right now. What’s so extraordinary about the community is that, like you said, eight years ago it was a hidden gem, not many people knew about it, and it’s truly evolved in terms of the level of A-list celebrity clients who are buying here, business and entrepreneur leaders who have already bought, and also the quality of that we’re now able to offer in this community,” Douglas Elliman Florida executive director and listing agent Senada Adzem, who’s already sold multiple homes in the neighborhood, told Fox News Digital.

LEGACY OVER LUXURY: INSIDE THE BILLIONAIRE BATTLE FOR THE FINAL PIECE OF MIAMI’S HISTORIC ‘OLD SOUL’

“Delray Beach has attracted global wealth now, and it’s a really special destination where it’s much quieter and more private than Miami or Palm Beach, and a lot of our clients really appreciate being in Stone Creek Ranch, where you can have large estates, a lot of privacy. They’re away from the prying eyes,” she continued. “They feel a peace of mind.”

Crossing the entrance, guests are greeted by a warm yet modern architectural masterpiece rising behind reflective water features. The single-story estate features a 32-foot-tall grand salon illuminated by crystal chandeliers and backlit onyx, a museum-style automotive gallery, an Amazon rainforest-inspired spa, a hidden poker lounge and a 95-foot-long pool framed by cabanas, fire features and tropical gardens. Every transition appears designed for impact, turning stone, wood, glass, water and light into part of the experience throughout the home.

“It was designed to make a billionaire’s jaw drop,” Adzem said. “What we wanted to do is really follow that theme of very elegant, very sophisticated marketing. We’re not going for a mass audience. So we’re looking for that very specific buyer who appreciates what this property has to offer. And it offers a lot, truly, in every single way — it is one of one. It’s a trophy property.”

A new construction project as grand as Villa Skyfall takes an average of four to five years to complete, according to Adzem, but this estate was built in just 14 months. The $85 million asking price includes all the furniture, fully stocked bars and kitchens, Chanel, Dior and Hermès handbags in the closets, and even electric toothbrushes in each of the home’s 12 bathrooms.

“Ultra-high-net worth clients now want top-of-the-line, turnkey properties. They want to come in and worry-free know [that] they’ll only need to bring their clothing, their personal items. Everything else will be provided for them,” Adzem said. “People are accustomed to coming in and having things in a way that they will really appreciate, and I think that’s what adds to the allure.”

There’s active interest coming from high-net-worth buyers fleeing high-tax states, with a heavy concentration of tech founders, finance executives and retiring entrepreneurs looking for private, family-oriented retreats.

“We’re seeing a lot of entrepreneurs who are looking to retire very soon and they want a sanctuary for themselves and their family and people who really want to entertain… You have tax benefits of being in Florida, so we’re seeing clients from California, we’re seeing clients from New York and Connecticut. They’re primarily in the finance and tech worlds, and we have had a few celebrities as well,” Adzem said of the property’s showings thus far.

Listing a property at an $85 million asking price could set a record for Delray Beach, according to Adzem. At a time when the average American homebuyer is dealing with high interest rates and a tough housing market, she explained that while working families face distinct economic challenges, luxury buyers are exceptionally bullish and confident in South Florida real estate.

“Our clients, both in the ultra-luxury segment, as well as clients who are working… white-collar families who are looking to put their kids through school have different challenges that are facing them. However, what we have noticed is that they’re still very optimistic about the strength of the economy,” she said.

“Ultra-high net worth clients have greatly benefited from the strength of the stock market. So they feel encouraged that this is going to continue,” Adzem added, “and they’re very confident when it comes to investing in real estate, particularly in South Florida.”

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While critics and real estate observers frequently question whether South Florida’s soaring luxury home values are approaching a peak, Adzem argued the continued influx of out-of-state capital tells a different story. She said the migration of high-earning families and corporate headquarters from traditional wealth centers has created a structural shift in the region’s economy that extends far beyond a temporary market spike.

“I do believe in the future of the Florida luxury market for many reasons,” Adzem told Fox Digital, highlighting Florida’s zero state income tax and favorable business climate. “There has been a lot of wealth migration into Florida… there’s just a confluence of events that is going to continue helping us attract unique buyers to very special properties.”

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Technology giants are expected to remain in the spotlight this week as investors look beyond ambitious artificial intelligence plans and focus on a tougher question: when will the billions of dollars being poured into AI begin generating stronger financial returns?

Companies including Microsoft, Alphabet, Amazon and Meta have committed hundreds of billions of dollars to new AI data centers, advanced chips and cloud infrastructure. Those investments have fueled a surge in demand for semiconductors and electricity while helping reshape the technology industry, but they have also raised concerns about rising capital spending and pressure on free cash flow. Analysts expect those questions to dominate upcoming earnings reports.

For businesses, the answer matters well beyond Silicon Valley. AI infrastructure spending is creating opportunities for construction firms, utilities, equipment manufacturers, cybersecurity providers and enterprise software companies while influencing hiring, energy demand and corporate technology budgets.

Wall Street is no longer asking whether companies should invest in AI—it wants to know when those investments will begin paying off.

Executives have largely defended the spending, arguing that building AI capacity now is essential to meeting future demand. Many companies say customers continue adopting AI tools at a rapid pace, supporting the case for continued investment even as near-term costs remain elevated.

At the same time, investors are becoming more selective. Rather than rewarding AI announcements alone, markets are increasingly looking for measurable revenue growth, expanding profit margins and evidence that businesses are successfully turning AI products into sustainable earnings.

The next wave of earnings could determine whether enthusiasm for AI remains intact or shifts toward a greater focus on profitability.

With interest rates still relatively high and corporate spending under closer scrutiny, executives face growing pressure to prove that today’s record investments will deliver tomorrow’s returns. The results released over the coming weeks could shape technology stocks—and broader market sentiment—for the rest of the year.


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While the reverse mortgage industry has historically relied on specialized originators to drive volume, wholesale lender SmartFi Home Loans is looking elsewhere to expand the market.

The company’s growth strategy hinges on “growing the pie” by equipping traditional, forward-centric loan officers with the tools and education needed to seamlessly offer reverse mortgages to their clients.

“I hear a lot of people talk about growing the pie — that forward base would be growing the reverse mortgage pie, and that’s our core focus for growth,” Kim Smith, senior vice president of wholesale lending at SmartFi, said. “We are going to continue to support those traditional, reverse-focused originators, but the growth mindset has to be looking at reverses that aren’t even done in the current market.”

To execute this strategy, SmartFi is leveraging technology to simplify the origination process for newcomers. The lender recently partnered with Reverse Mortgage Insight (RMI) to integrate its Choice proprietary loan program into RMI’s tech platform, putting the product directly in front of a wider audience.

Simultaneously, SmartFi is building out a user-friendly internal partner portal designed to give forward LOs a quick, intuitive way to run numbers and make the financial mechanics of reverse mortgages make sense to their borrowers.

Smith recently sat down with HousingWire’s Reverse Mortgage Daily to talk about SmartFi’s strategy, the macroeconomic landscape and the main challenges for the industry.

This interview has been edited for length and clarity.

Flávia Nunes: How do you see the current macro landscape impacting reverse mortgages?

Kim Smith: When you think about the traditional forward mortgage space, higher rates are typically correlated to those higher monthly mortgage payments. With the reverse mortgage, it’s designed to offer an optional monthly principal and interest mortgage payment. The bottom line is rates are less impactful in reverse than they are in forward. Not that they don’t matter.

The other thing is, our Choice proprietary reverse mortgage program in this current rate environment can offer higher loan amounts than the traditional HECM program. I feel rates are fueling the growth of proprietary reverse mortgages.

As far as demand, I don’t know that reverse has a demand issue. We have a distribution and education gap. We are looking to bridge that gap through our account executives, technology, and bringing the product to the forward-centric loan officer to let them grow that distribution. Product innovation is going to be a key as well.

FN: How does the Choice proprietary reverse mortgage program compare to HECM?

KS: The product is not FHA-insured. The Choice proprietary loan program doesn’t have a mortgage insurance premium. That’s a big difference. It can be a lower-cost option. Right now, with rates being as high as they are, what we look at is the principal limit factor tables. With HECM, when you put it side by side with the principal limit factor table of the proprietary Choice loan, you see Choice winning in a lot of cases. In a lower-rate environment, that wouldn’t be the case.

We offer fixed-rate and adjustable-rate options. Along with that FHA insurance, you have an FHA guideline on a HECM loan, whereas our Choice guideline is more of a conventional underwriting, which provides more flexibility in the qualification with borrowers. We still are looking for ability and willingness to pay taxes and insurance. It just provides more flexibility in those reviews.

FN: SmartFi grew HECM endorsements 32% YoY in 2025, ranking 12th nationally. What’s driving that growth? How has the performance been in 2026?

KS: Our growth is attributed to our people and the culture. I’ve been doing this for a while, specifically wholesale reverse mortgage for over 20 years, and I can say this is the best combination of sales and operational excellence. That’s the key. We have team members that will pick up the phone, work with our partners. We have a solution mindset. That is our secret sauce.

Our goal isn’t to be the biggest in this industry. It’s to be the best. We want the best experience for the originators and their borrowers from start to finish. When you put that lens on service, that speaks to the industry, and that’s where we’re seeing our growth. What we are looking for at SmartFi is consistent growth. We’re not looking for a spike. We’re not looking to take over the world. We’re looking for month-over-month consistent growth. That’s what we saw in 2025, and that’s what we’re seeing in 2026. 

FN: SmartFi launched a retail division in mid-2024 and closed it roughly a year later. What did that experience teach the company, and what are the advantages of going all-in on wholesale?

KS: The mentality of SmartFi is to leave no stone unturned. We want to be the best company we can; we’re not afraid to try different strategies, and then we just will learn from those and continue to evolve.

It’s very refreshing to not compete with our partners. In every other role that I’ve had in the space, there’s been a retail organization. It’s been my experience that those don’t necessarily cross paths that much. That being said, it’s very nice to not have to even have that conversation. We will not compete with our partner.

FN: When you joined the company, you highlighted SmartFi’s freedom from legacy processes. Three years later, what does that “best-in-class wholesale platform” actually look like in practice?

KS: Building the right team is where it starts. The people are the most important part, and that’s something that has become abundantly clear to me in the last three years. The other piece is empowering those people. You can have the best tech, the best process, and if you don’t have the right people as your foundation for that process, you’re going to see cracks.

In three years, we’ve done a great job of bringing the right people together, and then what we’re now working on is building on top of that foundation, continuing to evolve our technology, whether it is our CRM, how our ops team is working, etc. Those are all works in progress.

Even the technology, outward-facing. There’s really one option right now in the reverse space when you look from a loan origination system, and the forward space does not have an easy way to access our product. Just continuing to brainstorm on how to grow on the tech side, both operationally and outward-facing, to grow the market.

FN: Is SmartFi developing technology in-house or relying on vendors?

KS: We’ll bring all the resources together. We’ve seen a whole host of different technologies launched in the last 12 months, just trying to solve this forward – kind of how do you speak forward? How do you get it in front of more originators? How do you make it simple?

We’ve partnered most recently with RMI. They built a tech platform, and we want the Choice product to be in all of those technologies that are out trying to make a difference in the space. We’ve had a long-standing relationship with RMI, so it was like a no-brainer to partner with them, and that’s part of the technology strategy. That was a natural evolution of 20 years of working with RMI. One of our goals is to bring our Choice loan program to a broader audience, and we saw the RMI tool taking us a step closer to reaching that goal.

Then, we also are building internally. We have our partner portal, trying to offer a quick, very user-friendly solution to those forward LOs to come in and be able to run numbers and make it make sense to them. We’re employing any strategy that could possibly expand the reach of the product.

FN: Will the growth in the space come from forward loan officers offering reverse mortgages or reverse-focused LOs?

KS: We’ve built teams to support both. I hear a lot of people talk about growing the pie – that forward base would be growing the reverse mortgage pie. That’s our core focus for growth. We are going to continue to support those traditional, reverse-focused originators, but the growth mindset has to be looking at reverses that aren’t even done in the current market.

FN: What is the main challenge for this to happen?

KS:
Twenty years ago, I started in this space, and there was a complete misconception of what this product was. There was a lot of very bad press, old products that people had learned about that they still thought was a reverse mortgage. You would think that at this point, we would be past those misconceptions. We aren’t.

I still, every day, am talking to leaders of forward companies, originators, or the person sitting next to me on an airplane, and they say, “Oh, what do you do?” And when you say, “Oh, I do reverse mortgages,” the cringe that you still get just because of misunderstanding of the product – that’s still this industry’s biggest hurdle. That becomes an education gap. We need more respected people that understand both financial planning and lending helping people understand that this is simply a mortgage with an optional principal and interest payment. That is what this is.

The thought that loans can take dramatically longer than a forward mortgage loan — that’s just not the case. We’re closing loans in seven to 14 days at SmartFi. They don’t have to take longer. There are just these deep-seated ideas of our products that we have to unseat through education. I would say that’s the biggest challenge for both SmartFi and I would say the entire industry.

This post was originally published on here. 

A new U.S. tariff system covering goods from 60 trading economies is forcing importers to recalculate costs across supply chains that touch nearly every major source of American imports. The Office of the U.S. Trade Representative finalized the action on July 23 under Section 301 of the Trade Act, imposing duties of either 10% or 12.5% over what the administration says is a widespread failure to block goods produced with forced labor from entering global commerce.

The tariffs reach far beyond China. Canada, Mexico, India, the United Kingdom, the European Union, Japan, South Korea, Taiwan and dozens of other economies are included, meaning companies importing everything from clothing and machinery to components and finished consumer goods must now determine which rate applies and whether their products qualify for an exemption.

Trading partners that already prohibit forced-labor imports, have committed to adopt such restrictions or operate partial enforcement systems generally face the 10% rate. Most of the remaining economies are subject to 12.5%, while special formulas for the European Union, Taiwan, Japan, South Korea and Switzerland limit the combined effect of the new duties and existing most-favored-nation tariffs.

That structure makes the practical cost more complicated than the headline rate suggests.

An importer cannot simply look at the country where a product was shipped and add 10% or 12.5%. The final duty depends on the product’s tariff classification, the country of origin, existing duties and whether the shipment falls within one of the government’s exemptions. For companies handling hundreds or thousands of products, that means reviewing supplier records and customs codes line by line.

The exemptions cover certain raw materials, products that could cause broader economic disruption, goods that cannot be produced domestically in sufficient quantities and items the administration determined would not meaningfully advance the forced-labor policy. Products already subject to separate national-security tariffs under Section 232 are also excluded from the new action.

Even with those carveouts, the reach is unusually broad. USTR said the 60 economies account for 99.4% of U.S. imports, placing most businesses that rely on overseas suppliers somewhere inside the new system.

For large corporations, the response may involve shifting orders, renegotiating contracts or using multiple suppliers to reduce exposure. Smaller companies often have fewer options. A retailer, manufacturer or distributor tied to one overseas factory may have to absorb the additional cost or pass it to customers before it has time to rebuild its supply chain.

The tariffs also create a new compliance burden. Businesses must verify where goods were produced, whether materials came from another country and whether the documentation provided by suppliers is strong enough to withstand customs review. A shipment described as coming from one economy may still contain components made elsewhere, making origin determinations increasingly important.

USTR said the action followed investigations launched in March, consultations with more than 45 governments, two rounds of public hearings and thousands of written comments. Several economies adopted new forced-labor import restrictions or made commitments during that process, which helped some qualify for the lower rate.

The administration is also preparing tariff-rate quotas for certain textile and apparel imports from Bangladesh, Cambodia, Indonesia and Malaysia. Those arrangements could eventually allow a limited volume of goods to enter without the new Section 301 tariff when the exporting country purchases qualifying U.S. cotton or textile inputs, although the mechanism is not expected to be ready before September.

For businesses, the immediate issue is not the longer policy debate over whether tariffs will change foreign labor practices. It is whether existing contracts say who pays when duties rise.

Importers operating under fixed-price agreements may have little room to recover the added expense, while suppliers and customers may dispute whether the tariff qualifies as a change in law, a force-majeure event or an ordinary cost of doing business. Those questions are likely to move quickly from customs departments into legal and purchasing offices.

The broader effect will become clearer as shipments clear U.S. ports and companies decide how much of the cost they can absorb. What began as a labor-enforcement action is now becoming a pricing and supply-chain test for businesses across the economy—and the companies that respond fastest will have the best chance of keeping those added costs away from customers.

JBizNews Desk | Wall Street

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The Supreme Court ruled that the Palestinian Authority cannot require terror victims seeking compensation to prove a disability that has already been officially recognized, the prosecution announced Monday.

The court rejected two appeals filed by the PA – and upheld the attorney-general’s position – that an existing disability determination by the National Insurance Institute (NII) or by a court must be accepted in a subsequent compensation claim.

The ruling concerns a law that took effect in June 2024, which allows victims left with a permanent disability from a terrorist attack to seek fixed exemplary damages from the PA on the grounds that it provides payments to terrorists and their families.

The damages are intended not only to compensate victims, but also to punish and deter the PA.

In one of the cases, a victim of terrorism had been found by NII medical committees to suffer from a psychological disability. In the second, relatives of a person murdered in an attack had previously been recognized by a court as indirect victims in a civil lawsuit against the attackers.

View of the empty courtroom at the Supreme Court in Jerusalem on July 13, 2025. (credit: YONATAN SINDEL/FLASH90)

Terror-related disabilities only need to be proven once

Lower courts rejected the PA’s attempts to reopen those findings. The PA then appealed to the Supreme Court, arguing that it should be allowed to submit evidence challenging the earlier disability determinations.

Supreme Court President Isaac Amit, joined by Justices Yael Willner and Gila Canfy-Steinitz, rejected that argument.

The court said the wording of the law was clear: Once a permanent disability has been established by the NII or in a separate civil case arising from the same attack, the victim does not need to prove it again.

The law does not include any provision allowing the PA to present evidence contradicting an existing disability finding, the court said. That omission was deliberate and reflected the law’s aim of providing terror victims with an efficient compensation process without repeated litigation.

The court also noted that the amount awarded under the law does not change according to the severity of the disability. The relevant question is simply whether the victim has a permanent disability or not.

Amit acknowledged that the law was highly unusual within Israeli civil law, but said its language was unambiguous and that lower courts had applied it correctly.

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Ukraine wants a prototype for a European anti-ballistic system codenamed Freyja to be ready within the first half of next year, a senior official said, as Kyiv pushes its allies to help deliver a weapon capable of downing Russian missiles.

Davyd Aloian, deputy secretary of Ukraine‘s National Security and Defense Council, who oversees the Freyja project, said that an international steering committee tasked with estimating the research and development costs was due to convene for the first time soon.

Leaders from 10 European countries, including Ukrainian President Volodymyr Zelensky, as well as around a dozen defense manufacturers, gathered at a summit in Paris two weeks ago to officially launch the anti-ballistic coalition.

“Since we’re working within such a tight timeframe, we have an ambitious goal: to have an MVP (minimum viable product) ready by the first half of next year,” Aloian said.

“That is a prototype that can already demonstrate its first practical results.”

Ukraine's President Volodymyr Zelensky delivers a speech during a joint press conference with France's President Emmanuel Macron, at the Elysee Palace in Paris, March 13, 2026. (credit: LUDOVIC MARIN/POOL VIA REUTERS)

Ukraine dependent on US Patriot air defenses

Ukraine is chronically dependent on US-made Patriot air defense systems, which is the only weapon in its arsenal capable of reliably downing Russia’s ballistic missiles, which travel at several times the speed of sound.

Supplies of Patriots have been affected by political volatility, low stocks, and a lengthy production cycle.

Russia has stepped up its ballistic strikes on the capital Kyiv and southern port hub of Odesa this month, launching dozens of missiles, most of which Ukraine was unable to down due to a lack of interceptors.

Ukraine is ready to provide the Freyja project with a launcher and an interceptor missile, which Zelensky described this month as just a “matter of testing.” The Ukrainian leader has said he hopes to see the system operational within a year.

Kyiv expects its allies to contribute technology, such as modern radars, sensors, and expertise on missile guidance and control electronics. The defense companies that have joined the effort so far include Eurosam, which manufactures the SAMP-T interceptor system, as well as Leonardo, Thales, and Saab.

Ukrainian missile and drone manufacturer Fire Point, which developed the Flamingo cruise missile, has said it will be the lead industrial partner on the project. It announced a deal with German defense manufacturer Hensoldt to provide radar for the project last month.

Freyja is an attempt to build a lower-cost alternative to ‌the Patriot, which many European countries also rely on. Other air defense systems, such as Franco-Italian SAMP/T and German IRIS-T, have not yet proven capable of downing ballistic missiles.

Freyja defense coalition seeks to develop interchangeable system parts

Zelensky compared the Freyja coalition to Lego – slotting together pieces of equipment from defense industry leaders.

Manufacturers have been tasked with developing a framework for a system with interchangeable parts, Aloian explained.

“The overall logic of this system is that it’s an open architecture,” he said. “So if Denmark says ‘I want the Freyja system with a Danish-made Weibel radar,’ that’s fine. If Sweden says they want the Saab system, that’s no problem either.”

Setting up a special body, potentially a fund, to channel all contributions and to ensure stable financing for the project is one of the ideas being considered, Aloian said.

He also hopes that businesses being directly involved in the project alongside governments will help to reduce red tape.

“The coalition should be practical rather than political.”

This post was originally published on here. 

The UK’s Islamic Center of England charity has been granted the right to sponsor visas for skilled workers and religious ministers to immigrate to Britain, despite allegations that it is tied to Iran’s regime, The Telegraph reported on Sunday.

The charity has previously been accused of having ties to Iran’s Islamic Revolutionary Guard Corps and has been formally reprimanded for posting video clips calling for Israel’s destruction.

In a statement to the Telegraph, the center stated that it was “not an official office or representative of any government, political entity, or individual.

“Like many charities, faith organizations and other eligible institutions in the UK, the center holds a Home Office sponsor license, which allows it to sponsor skilled workers where it meets the requirements of the UK’s immigration system,” a spokesperson stated.

“We recognize that questions have previously been raised about the center and its perceived relationship with the Iranian government. The center has consistently maintained that it is an independent UK charity and carries out its activities in accordance with UK law and its charitable objectives.”

A general exterior view of the East London Mosque on Whitechapel Road on May 11, 2026 in London, England. (credit: John Keeble/Getty Images)

Home Office confirms Islamic Center will face consequences if wrongdoing found

A spokesperson for Britain‘s Home Office stated that the center would face consequences if any wrongdoing was discovered.

“The Islamic Center of England has not sponsored any workers since 2022, and the Charity Commission is currently investigating this organization.

“We treat the threat posed by the Iranian regime and those who do its bidding with the utmost seriousness. That’s why we have fast-tracked a change in the law to outlaw support for the IRGC, equipping the police and intelligence service with more powers to disrupt those working on their behalf, and making it easier to prosecute them.

“If wrongdoing is uncovered, those responsible will face the full force of the law, with the possibility of lengthy prison sentences, loss of licenses and further civil action.”

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Residents of Sderot have received letters from the National Insurance Institute (NII) over the past few days demanding they repay aid funds provided after the October 7 massacre, claiming that residents had used the funds unlawfully.

The issue drew public attention after Sderot Regional Council member Eliran Gerbi revealed in a social media post that he had received dozens of inquiries from residents who had been ordered to repay the money.

They are “devastated and do not know what to do,” according to Gerbi. 

NII said the funds were intended for rehabilitation and treatments but were instead used for “prohibited purchases,” including airline tickets and mobile phones.

“The National Insurance Institute contacted approximately 2,700 victims of terrorism and requested financial reimbursement for the purchase of airline tickets, smartphones, portable speakers, and similar items using money designated for alternative treatments, totaling approximately NIS 15 million,” NII said in a statement.

 The aftermath of Hamas's Nova music festival massacre in Re'im, southern Israel, on October 7, 2023. Picture taken November 2, 2023 (credit: Arie Leib Abrams/Flash90)

Further, the statement noted that “since October 7, approximately 86,000 civilians in Israel have been recognized as victims of terrorism.”

NII identifies criminals committing fraud

“At the beginning of the war, as part of the immediate assistance provided and before disability percentages were determined, the National Insurance Institute reimbursed alternative treatments intended for rehabilitation, including acupuncture, surfing, therapeutic horseback riding, tui na, and other treatments,” NII added.

NII stressed that the complementary treatments eligible for reimbursement appeared on a defined list published on its website and in the claim form submitted and signed by each recipient.

The institute also said it had identified criminal actors who had promoted fraudulent schemes by approaching victims of terrorism and offering to falsify receipts in exchange for payment. Those fraudulent receipts were then submitted to the NII.

According to the institute, among the hundreds of thousands of valid receipts it reimbursed victims of terrorism for, approximately 2,700 people submitted improper receipts totaling more than NIS 15 million.

This post was originally published on here. 

The Trump administration is fighting to restore controversial provisions that a judge threw out last month, including shorter sign-up windows and heightened eligibility verification.

This post was originally published here. 


Federal funds futures now put the probability of a quarter-point increase at this week’s Federal Open Market Committee meeting at roughly 38 percent, up from under 12 percent a week earlier, with September pricing running near 82 percent against below 53 percent a week ago. The repricing happened in days, and it happened for one reason: oil.

Crude topped $100 a barrel on Thursday, and the pass-through is already visible everywhere American businesses buy fuel. The national average for regular gasoline climbed 15 cents in a week to $4.09, with most states now at or above $4 a gallon, driven by crude prices and volatility along the Strait of Hormuz.

The Committee is still widely expected to stand pat. Economists surveyed by FactSet look for the benchmark to hold at 3.50 to 3.75 percent — a fifth consecutive meeting without a change. But the minority planning for a move has gone from negligible to substantial in under two weeks, and that shift alone changes how businesses should be pricing debt they plan to carry into next year.

Warsh’s first real test

Chair Kevin Warsh has given markets less to work with than his predecessors. At the June meeting he declined to submit individual economic projections, though nearly half of policymakers signaled they would back a hike later in 2026. In monetary policy testimony on July 15, Warsh said the Committee has “no tolerance for persistently elevated inflation” while stopping short of any commitment on timing.

Other governors have been blunter. Governor Lisa Cook has pointed to inflation running at 3.7 percent, close to double the 2 percent target, while Vice Chair Philip Jefferson and Governor Christopher Waller have both warned the Fed may need to revisit its stance if price pressures do not ease.

The labor data gave the hawks room to work with. Initial jobless claims fell to 187,000 in the week ended July 18 — the fewest since 1969, when the U.S. population was 60 percent of its current size. A labor market that tight removes the usual argument for patience. If employment is not the problem, inflation becomes the whole conversation.

What it costs Main Street

For tri-state operators, the mechanics matter more than the percentage. A quarter point on a floating-rate line of credit is not what should worry a business owner this week — the direction of travel is. Companies that spent the spring assuming rate relief by year-end built budgets on a forecast that has now inverted. Coming into 2026, most analysts expected at least one cut this year.

That reversal lands hardest on three groups. Commercial real estate borrowers with maturities in the next eighteen months lose the refinancing math they were counting on. Distributors and wholesalers carrying seasonal inventory on revolving credit face higher carry at the same moment fuel surcharges are climbing on every inbound shipment. And any firm that deferred equipment purchases waiting for cheaper money now faces both a higher cost of capital and higher replacement prices.

The fuel line is the quiet killer. A contractor running a dozen trucks, a kosher distributor with refrigerated routes across three states, a school bus operator locked into a district contract priced last spring — none of them can pass through a 15-cent weekly move without renegotiating, and most cannot renegotiate mid-contract.

The forecast nobody wants to make

Professional forecasters are not yet where the futures market is. The FactSet consensus still calls for no hike in 2026, with economists penciling in half a point of cuts in 2027. That gap — between what traders are hedging and what economists are predicting — is itself the story. Traders are buying protection against a scenario the consensus says will not happen.

Gregory Daco, chief economist at EY-Parthenon, framed the near-term risk as a July move remaining highly unlikely, with the September meeting serving as the first real read on whether inflation improvement holds.

The decision comes Wednesday at 2 p.m. ET, followed by Warsh’s press conference at 2:30. Given his stated preference for less forward guidance, the statement language will carry more weight than usual — and businesses with financing decisions parked until after the meeting should be watching the wording on inflation persistence, not the rate number itself.

The number is probably unchanged. What the Committee says about what comes next is where the cost of money for the back half of the year gets set.

JBizNews Desk | New York

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


Queued for 2–5: gas prices breaking $4 nationally, Moody’s warning on hyperscaler AI debt, the reimposed Hormuz blockade and shipping economics, and Alphabet’s first negative free-cash-flow quarter since its IPO. Say go for the next one, or swap any of them.

An IDF soldier was documented vandalizing cars belonging to Palestinians during operations in Bethlehem over the weekend, according to footage published on Monday morning by Army Radio. 

According to the report, the soldier punctured the tires, kicked the doors and mirrors, smashed the windshields, and slammed his weapon against the windows to break them. 

At least three other soldiers witnessed the acts, Army Radio said, noting that none attempted to stop the vandal.

The soldier punctured the tires, kicked the doors and mirrors, smashed the windshields, and slammed his weapon against the windows of cars in a West Bank operation.  (credit: screenshot)

The military confirmed that the incident had taken place overnight between Saturday and Sunday, Army Radio added, and that it “viewed the acts with severity.”

Further, it told Army Radio that the Etzion Regional Brigade has opened an investigation into the incident, though it refused to detail if any steps had been taken against those involved.

Incident follows trend of nationalist crime in West Bank

In a separate incident, a mosque in the West Bank village of Kusra was set on fire on Saturday night, in what is suspected to be a nationalist crime in response to the deadly attack that occurred the day earlier.

The words “Revenge for Benayahu,” one of the victims killed in Friday’s terror attack, were spray-painted on the entrance wall alongside a Star of David.

In addition, five vehicles were set ablaze in the village of Beitillu. Near Khirbat Abu Falah, tractors and trucks were also torched. Two Palestinians who were apparently beaten during the incident were evacuated from the scene to a hospital for medical treatment.

The incidents came two days after Benayahu Mellet, a member of the local emergency response squad and the agriculture coordinator at Gilad Farm, was murdered in a shooting attack near the outpost on Friday. Maj. Yuval Ezra, 27, from Herzliya, a battery commander in the Artillery Corps, was also killed in the same incident.

Amir Bohbot contributed to this report.

This post was originally published on here. 

Watch this episode without interruptions.

Every method of encryption in use today is living on borrowed time.

That was the message from Prof. Maj.-Gen. (res.) Isaac Ben-Israel, among the founders of Israel’s modern cybersecurity apparatus, former head of the Israel Space Agency and head of several programs at Tel Aviv University, speaking to the Jerusalem Post Podcast as part of a series on cyber warfare and artificial intelligence.

“No matter what password you use, in a fraction of a second I will break it,” he said, describing what a mature quantum computer will do to the protections that banks, governments, and militaries rely on.

Why quantum breaks everything

Ordinary computers run on transistors that hold either a one or a zero. Quantum computers exploit the fact that a particle can occupy two states, or two places, at once, which means, Ben-Israel explained, that a calculation which would take a conventional machine a year, or a thousand years, could be finished almost instantly.

He is not talking about being 100 or 1,000 times faster. He put the gap at something closer to 10 to the power of 20 or 30, a number, he noted, that we all know how to write down and none of us can really picture.

Quantum computing does not make hackers better at breaking in. It destroys the encryption protecting what they find once they are inside. The brute-force attack, trying every possible combination of digits, letters, and symbols until the password falls, becomes trivial.

Quantum communication vs. quantum computing

There are two completely separate areas of quantum theory where people are making big strides. One is quantum communication, which means sending signals from space to Earth in a different kind of encryption, and the other is quantum computing. 

When exploring the field of quantum communication, there are a few aspects that need to be considered.

The first fix is new mathematics: post-quantum algorithms that even a quantum machine cannot crack in reasonable time. A few already exist, Ben-Israel said, but they are slow, and none are ready for wide use. According to the professor, they will likely be adapted very slowly, as industry experts expect around a 10-year lag for adopting the new encryption.

The second is stranger, and in his view, where the world will eventually end up. Quantum entanglement allows something done on one computer to register on another, however far away, with nothing traveling in between: no wire, no Wi-Fi, no signal moving at the speed of light. There is nothing to intercept, and no password to steal.

China has already put a satellite in orbit that sends messages to the ground this way. Tel Aviv University students launched a satellite two years ago as an early step toward the same goal. Ben-Israel, who recently co-wrote a book on the philosophical puzzle quantum theory presents, conceded the physics is hard to accept. “Technically, it works, even if you have difficulty understanding how it works.”

How long?

Ben-Israel’s estimate: roughly ten years to solve the main obstacle, which is interference between the quantum elements. The more you add, the worse it gets.

But he was careful about what “ready” means. These will be enormous machines, kept in ultracold conditions, drawing so much electricity that big tech companies are already investing in nuclear power to feed them and their AI systems. “There will be no more than a few in the world. It’s not something you can buy and put on your desk.” A quantum computer in every home, he said, is more than 50 years away, if ever.

From a 1992 unit to Netanyahu’s desk

Ben-Israel initiated what would today be called the IDF’s offensive cyber unit in 1992, which he believes was the first of its kind anywhere. For years the field stayed inside intelligence circles, unmentionable in public.

Stuxnet changed that. Being a highly sophisticated, state-sponsored computer worm, considered the world’s first true digital weapon, it was designed by the US and Israel to sabotage Iran’s nuclear program. 

His answer was not technology or a new agency. It was that Israel had to come out of the closet, to build an ecosystem spanning the security establishment, academia, education, and industry. Netanyahu took some convincing.

The closer, oddly, was a novel: a cyber-war thriller by French-Jewish author Philippe Goldstein in which a conflict between China and Taiwan spirals toward world war. Netanyahu initially refused to read fiction. Ben-Israel suggested he take it on a flight to London to meet the British prime minister. He came back and appointed him head of the National Cyber Initiative.

Once it became known that Iran’s centrifuges had been wrecked by manipulating the computers controlling their rotation, the cyber attack went public, and then-Prime Minister Benjamin Netanyahu asked Ben-Israel what could be done to protect Israel.

Cyber and AI in the Iran war

Both were used heavily against Iran, Ben-Israel said. Intelligence today sits on computers, so hacking those computers is intelligence work. If media reports are accurate, one method used to time a strike on Iran’s senior leadership involved breaking into the systems that control traffic cameras at Tehran junctions and tracking license plates to determine when the targets were all in one place.

Other operations caused physical damage rather than stealing data: The Stuxnet model. Many Iranian missiles and drones were intercepted far from Israel’s borders using interceptors, electronic warfare, and, where the vehicles had onboard computers and communications, hacking. The Hezbollah pager operation, he said, was the clearest example of what became possible: “the imagination is the limit.”

AI did the work no human team could. Iran is vast, and a ballistic missile launcher can fire from anywhere. Combining satellite imagery meter by meter would take thousands of analysts thousands of years. A model trained to recognize launchers does it in a fraction of a second. The five-minute alerts Israelis received before the sirens, he said, would not have been possible without it. “It saves a lot of lives.”

Israel started late on AI

Ben-Israel was blunt about a failure. He co-headed a national AI initiative with the same mandate he had been given on cyber: get Israel into the world’s top five. Some 300 people worked on the report, submitted in 2019.

Its funding was delayed for years as the government fell and an interim government could not approve a new budget. He was told to wait two months for elections. Then it happened again, and again. Successive governments supported the plan: “It’s not a political issue; everyone supports it,” and none lasted long enough to budget it.

Meanwhile, every other government on earth started sprinting. Israel had a head start in 2018-19 and lost it in several areas. A new body now exists under a former military intelligence official, which Ben-Israel welcomes, though he says it still lacks the money.

He also has little patience for the argument that Israel should pick its niches because it lacks the land and resources for large data centers. There are many excuses for not starting, he said, and that is one of them. Choosing priorities is fine and necessary, but it requires a program.

“I would like to see you starting and running very fast.”

This post was originally published on here. 

A woman in Jerusalem was indicted after allegedly injecting unspecified dangerous substances into her five-year-old son while he was in the hospital, Israel Police announced on Monday.

The child had been admitted to the hospital under suspicion of having drunk cleaning fluid, after which hospital staff noticed a deterioration in his condition, the police stated.

After an initial investigation, the 23-year-old mother was found to have given her son hazardous substances, causing a severe decline in his health.

Israel Police car (credit: YOSSI ALONI/MAARIV)

According to the police, the mother is suspected of having taken similar action in the past, giving her son medications that caused his hospitalization.

Har Homa caregiver arrested under suspicion of abusing toddlers

Last month, a 49-year-old caregiver from the Har Homa neighborhood of Jerusalem was arrested on suspicion of abusing and neglecting two toddlers under her care.

The complaint alleged that the caregiver “shouted and cursed at the toddlers, and in some cases even ignored their crying and needs while they were in her care.”

This post was originally published on here. 

When we were children, it wasn’t unusual to hear about a kid wiping out on a bike, skateboard, or roller skates and coming home with scrapes, bruises, and occasionally broken bones that needed to be fixed. While painful, those injuries generally matched the speed and physics of childhood play and rarely led to permanent injuries.

However, now, with the increasing prevalence of electric bicycles and scooters, known as e-bikes and e-scooters, the equation has changed for children and teens.

Read the rest…

This post was originally published here. 

When students return to McGovern Medical School at UT Health Houston this year, they will get to participate in hands-on nutrition experiences, including cooking demonstrations in the teaching kitchen, tours of the campus “holistic garden,” and the opportunity to take a culinary-medicine-focused elective. 

These immersive programs are a response to health secretary Robert F. Kennedy’s call for medical schools to teach more nutrition — part of the Trump administration’s push to address the rising rates of chronic diseases in the United States. Kennedy has blamed the problem, in part, on doctors not routinely discussing diet and nutrition with their patients.

Lessons in culinary medicine are part of the 71 nutrition-related topics that the Department of Health and Human Services wants future physicians to be well versed in. Other topics in the department’s Advancing Nutrition Education push include enhancing nutrient bioavailability through soaking, sprouting, and fermenting foods as well as prioritizing food-based medicine as the primary approach to manage chronic diseases driven by metabolic dysfunction.

The vast majority of 163 M.D.-granting and 48 D.O.-granting schools aren’t yet part of Kennedy’s new initiative, including several leading institutions. So far, some 73 medical schools — 54 M.D. programs, 19 D.O. programs — across 36 states have signed on.

Even as some medical schools heed Kennedy’s call for more nutrition education, several told STAT that they plan to steer clear of topics that aren’t backed by evidence, including some that align with the priorities of the Make America Healthy Again political movement championed by the health secretary. Nutrition experts cautioned that some of those topics could lead to “wellness creep” in medical education.

Continue to STAT+ to read the full story…

This post was originally published here. 

In the dimmed light of a hospital room in Nevada, the placenta — blue and shining — has just delivered. I coaxed it gently, spinning the warm, bloody organ and twisting the trailing membranes into a compact coil, leaving nothing behind. Even a small fragment of placenta or membrane can prevent the uterus from contracting properly, failing to squeeze shut the great vessels that have spent 40 weeks surging with blood to feed a growing baby. If those vessels do not abruptly close, blood continues pumping into the empty uterus and a hemorrhage begins.

I am always vigilant for bleeding — but today I am also uneasy. My patient has made it clear that she does not consent to blood products, even in an emergency. She will not risk receiving blood from a donor who has been vaccinated against Covid-19. No hospital or blood bank tracks donor vaccine status, because it poses no known transfusion risk — but no fact will change her mind.

Read the rest…

This post was originally published here. 

A fire encompassing two factories in Sderot, one belonging to Strauss and another to Tapugan, led to a feared ammonia leak which was later ruled out, Israel’s Fire and Rescue Authority announced on Monday morning.

The Fire and Rescue Authority also stated that rescue forces were on the scene and that there were no reported injuries.

“There are currently 13 fire crews working at the scene, with assistance from forces from other districts, and additional forces are on their way to the scene,” the Fire and Rescue Authority announced. “Firefighters are continuing to work to treat the leak and the main areas of the fire.”

Later, the Fire and Rescue Authority announced that there were 25 crews working on the scene. There were also reports that two planes had been dispatched to assist in controlling the fire.

Israel Police also announced that their forces were on the scene, stating that they were working to block roads and direct traffic in order to protect the public.

A fire at a factory in Sderot, July 27, 2026. (credit: Eitan Elias)

The Sderot municipality instructed residents of the nearby neighborhood to remain indoors and keep their windows shut.

The Environmental Protection Ministry confirmed that there was no risk of a hazardous chemical leak, stating that it was in contact with rescue forces on the scene.

Strauss confirms no injuries in fire, says snack production continuing as planned

“A fire broke out in a warehouse complex in the Shaar Negev industrial area near Sderot, where the Strauss salty snack warehouse is also located,” a Strauss spokesperson stated.

“The warehouse has been evacuated, there are no injuries, and there are no hazardous materials in the warehouse. The salty snack factory is far from the fire area. Production is continuing as usual at this time, so no shortage of products is expected.”

Strauss, also known as Strauss-Elite, is one of Israel’s largest food companies, while Tapugan manufactures frozen potato products.

This post was originally published on here. 

China has imposed nearly 5.2 billion yuan, or about $765 million, in penalties on Trip.com Group, concluding that the country’s largest online travel platform used its market power to limit how hotels priced rooms and worked with competing booking services.

Saturday’s decision by the State Administration for Market Regulation includes a 3.521 billion yuan fine and the confiscation of 1.658 billion yuan in gains tied to the conduct. Trip.com was also directed to return money withheld from hotel operators and complete corrective measures across its platform.

At the center of the case was the company’s influence over hotels that depend on online bookings to reach travelers. Regulators found that Trip.com restricted operators from offering better prices elsewhere, interfered with their ability to set rates and used platform traffic and technology to pressure properties into accepting its terms.

For hotels, access to a major booking platform can determine whether rooms remain occupied or sit empty. Walking away is difficult when one service controls a large share of customer searches, giving the platform leverage that smaller operators may have little ability to resist.

Travelers can feel the consequences as well. Rules requiring a hotel’s lowest price to appear on one platform may sound beneficial, but they can discourage competing services from offering discounts and leave hotels with less room to negotiate lower commissions or develop direct-booking incentives.

Trip.com accepted the decision and said it would carry out the required changes. Its businesses include Ctrip, Trip.com, Skyscanner and other travel services used for hotel reservations, flights and vacation planning in China and international markets.

Beijing’s action follows months of investigation and extends a broader effort to rein in digital platforms whose control over customer traffic allows them to dictate pricing and commercial terms to businesses that rely on them.

Similar tensions are playing out well beyond travel. Restaurants, retailers, app developers and other suppliers increasingly depend on a small number of online marketplaces, creating recurring disputes over commissions, search rankings, exclusivity requirements and control of customer data.

What changes next will matter more than the size of the penalty alone. Removing restrictions could give hotels greater freedom to offer different rates across competing platforms and through their own websites, potentially shifting negotiating power away from Trip.com and opening more room for rivals.

China’s decision therefore lands as both a punishment and a warning: digital platforms may build enormous businesses by connecting customers with suppliers, but regulators are drawing a firmer line when control of that connection becomes control of the market itself.

JBizNews Desk | Wall Street

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

At least three people were killed, and four were wounded during a shooting at Seattle Center in the early morning hours on Monday, according to The Seattle Times, citing the Seattle Fire Department.

Local media had earlier reported that there were two deaths and five wounded, including a two-year-old girl, a 23-year-old man, a 39-year-old woman, a 40-year-old woman, and a 56-year-old woman are among the wounded and were transported to the hospital. 

Seattle Assistant Police Chief Tyrone Davis said one of the victims at the hospital did not survive their wounds, bringing the death toll to three. He added that the four others in the hospital were now in stable condition.

Seattle’s Harborview Medical Center told CNN that it is receiving and treating victims of the shooting.

Multiple gunshots were heard at the site at around 6 p.m. local time on Sunday at the Bite of Seattle food festival. Davis announced that one suspect has been taken into custody while another remains at large, as of 10:50 p.m. local time. 

Tyrone Davis, Assistant Chief of Special Operations for the Seattle Police Department, speaks to the members of the media, after Seattle Police responded to what they described as a shooting with ''multiple'' victims at Seattle Center, which was hosting a Bite of Seattle food festival, in Seattle. (credit: JASON REDMOND/REUTERS)

The Seattle Police Department stated that officers responded to the scene and are investigating the incident after recovering two guns in the area. They are advising all residents to avoid the area.

In a joint media conference with Wilson and Governor of Washington Bob Ferguson, Davis said the two suspected gunmen appeared to be firing at each other, and the detained suspect is currently being interviewed. 

Asked whether the gang unit had been called in, he said several detectives, including homicide and gun violence reduction units, were on scene.

“Right now, we believe that we have no outstanding threat to the community,” Davis said.

A Federal Bureau of Investigation (FBI) spokesperson told ABC News that the agency has been made aware of the shooting.

‘Pure chaos’: One in custody after Seattle shooting 

One witness, who was attending the festival with his girlfriend, told The Seattle Times that he saw several victims on the ground and a body covered with a yellow sheet.

“It was just pure chaos,” the witness said, describing that after the gunshots began, festival attendees began trying to escape to safety.

Seattle Mayor Katie Wilson released a statement shortly after the incident, calling the Seattle Center shooting an “act of horrific violence.”

“No one should have to weigh the risk of being shot before attending an event, gathering with friends, or experiencing their city,” she added. “Gun violence changes families forever. Its trauma reaches far beyond the people struck by bullets. In the days ahead, we will establish what happened and be transparent with the public about what we have learned.”

Washington Congresswoman Rep. Pramila Jayapal stated that she is closely monitoring the situation and has been in close contact with Wilson, as coordination with police continues.

“We ask that the public please stay away from the Seattle Center as there is still an active investigation happening at this time. We will provide updates as we have additional information,” Jayapal emphasized in a statement released on X/Twitter.

Ferguson also released a statement on X/Twitter, saying he’s being briefed on the tragedy and that a SWAT team is on the way to the scene to assist. 

Reuters contributed to this report.

This post was originally published on here. 

US President Donald Trump halted strikes against Iran as the question of the US’s declining munitions stock and its impact on the war has become widely debated, the Wall Street Journal reported on Sunday night, citing US officials familiar with the matter.

Trump over the weekend decided not to renew its strikes, despite military plans to launch a large-scale offensive that could have lasted up to two weeks, according to the officials.

The officials added that Trump could still order an attack on Iran, noting that “the situation remains fluid.”

In a statement made to the Wall Street Journal, Trump denied the claims that munitions shortages were behind his decision to halt strikes against Iran after 13 consecutive days of bombing.

“We have far more munitions than anyone in the world, and far more than we need,” he asserted.

(Illustrative) A projectile is fired during what the U.S. Central Command (CENTCOM) said was a third round of strikes this week against Iran, in this screen grab taken from a handout video released on July 11, 2026.  (credit: U.S. Central Command/Handout via REUTERS)

Dan Caine, Brad Cooper believe renewed Iran strikes could happen

However, according to the officials, other top US officials have said otherwise. 

Officials told the Wall Street Journal that while US Joint Chiefs Chairman General Dan Caine is concerned about the declining inventory, he believes that a munitions shortage would pose an added risk should strikes against Iran resume, rather than completely hindering an operation.

Several other officials quoted by the Wall Street Journal added that US Central Command (CENTCOM) Commander Adm. Brad Cooper thinks in a similar vein. 

According to the officials, Cooper believes that the US would be able to deal with a munitions shortage if strikes resume because any American attacks – if approved – would significantly damage Iran’s missile-launching capability.

The Wall Street Journal added that the White House has said that news agencies reporting accurate numbers on the US’s munitions stockpile would be a national security risk. 

A diminished munitions inventory creates a “near-term risk” in case of larger global conflict, the Wall Street Journal reported, citing an April report by the Center for Strategic and International Studies. 

“A war against a capable peer competitor like China will consume munitions at greater rates than in this war,” it went on.

US continuing diplomatic talks, prepared for military option

On Saturday, sources familiar with the administration’s decision-making process told The Jerusalem Post that Trump has not yet made a final decision on whether to launch a major strike against Iran.

As the president said on Friday, the United States is continuing diplomatic talks with Tehran while keeping the military option fully prepared.

“We’re locked and loaded,” Trump said, adding that Washington could escalate its military campaign “to a much higher level” if necessary, but that his preferred option remains a negotiated agreement.

Idan Kweller, Tzvi Jasper, Yonah Jeremy Bob, and Jerusalem Post Staff contributed to this report.

This post was originally published on here. 

An IDF soldier was found lifeless on Sunday evening at a base in central Israel, the military confirmed to The Jerusalem Post on Monday.

Military Police have opened an investigation into the incident and will pass their findings on to the Military Advocate-General’s Office for review once completed, the IDF noted.

The military informed the soldier’s family, noting that it shares their grief and will “continue to support them.”

The military has not provided any additional details at the time of writing.

This is a developing story.

This post was originally published on here. 

President of the Palestinian National Authority, Mahmoud Abbas, called for urgent international action to stop Israeli settler violence in the West Bank and “ongoing Israeli military aggression” in a statement shared Sunday.

In his statement on X/Twitter, Abbas said settler violence has gone beyond a few isolated incidents, labeling it a systemic Israeli policy issue. He went on to say the recurring issues have become an effort to undermine the Palestinian National Authority and jeopardize the prospect of a two-state solution.

Abbas named property destruction, the defacement of religious and agricultural sites, and “hundreds of civilian casualties” in the fallout from recent escalations in the West Bank, including East Jerusalem. 

His statement also confirmed he wrote letters requesting support from Arab world leaders, the European Union, the President of the United Nations (UN) Security Council, and the Secretary-General of the League of Arab States. 

In the letters, Abbas outlined the “legal and moral responsibilities” of international communities to mitigate Palestinian displacement and hold the Israeli government liable. He also cited UN Resolution 2334, which underlines the illegality of Israeli settlements in Palestinian territory, claiming it has been consistently left unenforced.

The damage following an attack by Israeli settlers in the village of Tell, near the West Bank city of Nablus, July 25, 2026. (credit: NASSER ISHTAYEH/FLASH90)

Israelis, Palestinians clash in West Bank in recent weeks

This statement comes after a new wave of Israeli settler violence in the West Bank. 

On Saturday night, a mosque in the West Bank village of Kusra was set on fire in response to Friday’s deadly attack targeting Benayahu Mellet, an Israeli agriculture coordinator at Gilad Farm, and Maj. Yuval Ezra.

An additional five vehicles were set on fire in the village of Beitillu as tractors and trucks were torched near Khirbat Abu Falah. Two Palestinians were reportedly beaten during the incidents and were subsequently taken to a hospital for medical treatment.

The past week has also seen a string of violence against Israelis in the region, including a fire and two stabbings on Thursday. Two Israeli men, including an IDF soldier, were injured in a separate clash on Saturday when a Palestinian man threw rocks and stole a weapon from his targets.

Following the hostile interactions, IDF Central Command Chief Maj.-Gen. Avi Bluth banned Palestinian workers from entering Israeli communities in Judea and Samaria. 

This post was originally published on here. 

Senior military officials have described the situation in the West Bank as “highly volatile and extremely dangerous,” and, amid the escalating tensions, the decision has been made to reinforce forces in the area.

A total of 26 battalions are now operating across the sector, with a security official warning on Sunday that the situation was “a snowball rolling downhill” and cautioned that “it will be difficult to stop.”

According to a senior security official’s assessment, a large-scale operation targeting terrorist infrastructure and incitement is expected to be postponed until after Prime Minister Benjamin Netanyahu‘s visit to the United States. 

The aim is to avoid a scenario in which the Palestinian issue dominates his meeting with US President Donald Trump, instead of the security establishment’s current priorities: Iran, Lebanon, and the Gaza Strip.

For over a week, the IDF has maintained that the incident near Gilad Farm last Saturday, which led to a spike in tensions across the area, was not an act of deliberate arson.

IDF soldiers conduct a manhunt for a terrorist who shot Israeli hikers in the West Bank, July 24, 2026. (credit: IDF SPOKESPERSON'S UNIT)

“We have videos and photographs, and we clearly understand what happened. There were two suspects, and the police released them,” a senior officer in the IDF Central Command said

“The fire was caused by a discarded cigarette, and about two hours later it developed into a wildfire.”

Since the incident, numerous clashes have been reported between Israelis and Palestinians, along with a series of violent attacks across the West Bank, during one of which a company commander and a member of a local security squad were killed, while an off-duty IDF soldier was moderately wounded.

Zamir instructs commanders to prevent West Bank escalation

IDF Chief of Staff Lt.-Gen. Eyal Zamir has instructed commanders to prevent incidents of friction that could further inflame the situation. 

Despite those directives, the security establishment failed to prevent several suspected nationalist crime incidents over the past 48 hours, including the arson of a mosque, buildings, and vehicles.

Despite the diplomatic sensitivity surrounding Netanyahu’s upcoming visit to the United States, the IDF has launched an operation in Nablus to arrest wanted suspects, question detainees, and locate weapons. However, the security establishment assesses that a broader operation will be postponed until after the prime minister returns.

This post was originally published on here. 

Argenx said Monday it would buy Forte Biosciences to expand its immunology pipeline, continuing the sector’s acquisition run, as even midsize companies hunt for pick-up targets. 

The deal, worth $2.2 billion in cash, values Dallas-based Forte at $77 per share, a 41% premium to the biotech’s closing price on Friday. 

Argenx, which has its main operations in Belgium, has become a top success story in immunology. Its drug Vyvgart, approved to treat the autoimmune diseases generalized myasthenia gravis and chronic inflammatory demyelinating polyneuropathy, has delivered steady sales increases as its label has been widened to cover more patients.

Continue to STAT+ to read the full story…

This post was originally published here. 

A northern Israeli man was arrested for alleged incitement on Sunday, following comments he posted on a video of the Friday terror attack in Gilad Farm, according to Israel Police. 

“They must be hunted down like pigs. God curse you; may not a single pig settler remain,” said the 39-year-old Maghar resident in a post.

An investigation was opened by the Northern District Police after the comment was reported, and a warrant for the man was issued.

The suspect was “arrested on suspicion of publishing incitement to racism, publishing a direct call to commit an act of terrorism, and other offenses,” the police announcement read.

Israeli soldiers inspect the damage following an attack by Israeli settlers in the village of Sarra, near the West Bank city of Nablus, July 24, 2026. (credit: STR)

Suspect detained, ammunition, fireworks, cash seized

The suspect’s house was searched, wherein officers seized two M-16 magazines with ammunition, fireworks, and over NIS 100,000 in cash.

The suspect is being questioned, and his detention was extended by a court order until July 28.

This post was originally published on here. 

Mortgage servicers are misreading the current moment. Enforcement looks quiet, but accountability has never been broader. The Consumer Financial Protection Bureau (CFPB) has issued zero consent orders against servicers in 2026. Enforcement staffing is being cut by 80%, and the Office of the Comptroller of the Currency’s (OCC) most significant mortgage action this year touches VA origination, not servicing. Some servicers may read the lack of enforcement as a reprieve. The enforcement gap is real, but the compliance burden is not shrinking. 

What happened is a fracture. Three non-overlapping AI governance regimes are now in effect, and they don’t form a unified standard. They do, however, create a maze that every servicer will need to navigate without a map, with the same accountability question: When AI models make bad calls on account decisions, who owns the outcomes? The answer, under every framework in effect today, is the servicer, not their AI vendor. 

The regimes 

The first regime is traditional model risk governance under OCC Bulletin 2026-13 and SR 26-2,  issued April 17, 2026. The most meaningful change here is vendor parity. Third-party models now carry the same validation, monitoring and outcomes-analysis requirements as internal models. If a vendor’s scoring tool influences an account-level decision, your model risk management (MRM) program owns that tool and must be able to explain it. And sorry, SOC 2 reports don’t satisfy a model validation question. They never did. 

At the same time, OCC 2026-13 explicitly excludes generative and agentic AI, calling them  ‘novel and rapidly evolving.’ But those are exactly the tools servicers are deploying today, and they sit outside the guidance. 

The second regime is the GSE contractual mandates, with Freddie Mac Bulletin 2025-16 as the anchor. It has been in force since March 3, 2026, and requires documented AI governance with  CIO, CTO, CISO or CRO sign-off, audits mapped to NIST 800-53 and ISO 27001, continuous bias monitoring and explicit safeguards against prompt injection, data poisoning and model inversion. Compared to the agencies, Freddie is much more prescriptive. The mandate also  carries a broad indemnification clause, making non-compliance a direct contractual liability sitting inside your seller/servicer agreements today.  

Fannie Mae Lender Letter LL-2026-04, effective August 6, 2026, is softer but lands in a similar place. It requires that your vendor’s AI governance meet a standard no less protective than your own. Fannie also reserves the right to demand, without notice, a full inventory of every AI 

system you operate, including purpose, data classes and safeguards for each system. Could your organization produce that today? Most can’t. 

The third regime is the Treasury Financial Services AI Risk Management Framework, released  February 19, 2026. It’s technically voluntary. But in practice, this is the de facto reference for examiners and internal audit, since no binding federal standard exists for generative tools yet.  Its 230 control objectives cover AI governance, data integrity and bias monitoring, model lifecycle management, third-party AI risk and operational resilience.  

Third-party AI risk is where most servicers fall short today, and that gap almost always lives in the vendor contract. Every servicer wants the benefits vendors promise, but few have built a real risk model to understand the impacts and support them. That urgency gap will be visible the first time an examiner or auditor asks for the inventory.  

The outlook 

The regulatory guidance playbook vendors operate from is familiar. SOC 2 shows up quickly, compliance gets treated as a feature instead of a shared liability and contracts routinely omit  the provisions that actually matter: 

  • Zero-training data-use prohibitions that cover sub-processors, blocking borrower data from being used to train or improve their foundation models. 
  • Model-change notification clauses requiring advance notice before changes that affect model outputs. 
  • Audit and inspection rights that empower the servicer to examine model behavior and validation documentation. 
  • Termination data retrieval provisions that guarantee that audit logs, override history and source-document mappings are returned to the servicer when the contract ends. 

These aren’t aggressive asks. They’re derived directly from OCC 2026-13 vendor parity expectations, OCC Bulletin 2023-17 third-party risk management and the Fannie and Freddie AI  disclosure requirements. The regulatory groundwork already exists. Most sourcing departments just haven’t updated their contract standards to reflect it. They should, regardless of the resistance vendors are likely to raise. Has yours kept up?  

Adverse action processes are another gap. CFPB Circular 2023-03 remains in force and requires specific, principal-reason explanations tied to the borrower’s actual data and the model’s decision logic. Generic checklist reasons most servicers use today will struggle to satisfy the standard for any servicer that uses AI for loss-mitigation triage, workout eligibility or default communication routing. Interpretability is not a product feature; it’s a compliance requirement.  If you can’t get model-behavior documentation from your vendor sufficient to produce a borrower-specific explanation, you have a Circular 2023-03 problem.

State attorneys general in New York, Massachusetts and California are expanding enforcement activity to fill the federal gap, operating under state Unfair or Deceptive Acts or Practices (UDAP) statutes and the new NY FAIR  Business Practices Act. The Fair Housing Act’s disparate impact standard survived the April 2026 rollback of the Equal Credit Opportunity Act (ECOA). 

Servicers that dismantled or scaled back disparate impact testing in response to the Reg B final rule created FHA exposure and GSE compliance gaps in the same move. The CFPB’s posture may shift with the political winds, but the underlying statutes do not. 

The accountability structure is not ambiguous. When an AI system makes a call, right or wrong,  on loss mitigation decisions, the servicer answers for it under model risk guidance, GSE  contracts, adverse action notice requirements and Fair Housing Act exposure, all at the same time. No vendor compliance slide changes that structure. Don’t be dazzled by cost-savings projections into thinking otherwise. 

Closing the gap is operational. You need: 

  • A current AI use-case inventory covering every servicing tool and every vendor embedded capability 
  • Vendor contracts with the four provisions above 
  • Model validation records that treat third-party tools on par with internal models 
  • Adverse action processes that can produce model-specific reasoning for each denial 

August 6 is the near-term forcing function as Fannie’s Lender Letter goes into effect and closes the GSE loop. But the accountability gap has been a miss in vendor contracts for years.  

AI didn’t change who is responsible. It made that responsibility harder to ignore, and the regulatory environment has run out of patience.

Frank Barilone Jr., MBA, is a product management leader with over 20 years of experience in mortgage servicing and consumer lending, with a focus on vendor governance and AI adoption in regulated financial services. 

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com. 

REFERENCES 

• CFPB Enforcement Collapse / Staffing Cuts Covers claims: (1) zero CFPB consent orders  against mortgage servicers in 2026 to date; (2) enforcement staffing cut 80 percent (254  to 50 staff); (3) overall headcount reduction from 1,723 to 556. Source: CFPB Workforce  Reduction Plan filed March 31, 2026 in NTEU v. Vought, U.S. District Court for D.C.  Reported by American Banker (April 1, 2026) and Consumer Finance Monitor (April 8,  2026). Consent order absence confirmed via CFPB public enforcement actions database. 

• OCC’s Most Significant 2026 Mortgage Action Touches Origination, Not Servicing Source: OCC Enforcement Actions for April 2026. Consent Order against The Federal  Savings Bank, Chicago, Docket AA-ENF-2025-63, for FTC Act Section 5 violations on VA  cash-out refinances.

• OCC Bulletin 2026-13 / Federal Reserve SR 26-2 / FDIC FIL-15-2026 (April 17, 2026) Covers four claims: (1) vendor/third-party models now carry the same MRM  expectations as internal models; (2) generative and agentic AI explicitly excluded,  described as “novel and rapidly evolving”; (3) the agencies announced a forthcoming RFI  on generative and agentic AI with no published timetable as of June 8, 2026; (4) those  excluded tools are exactly what servicers are currently deploying. 

• Freddie Mac Bulletin 2025-16 (December 3, 2025; effective March 3, 2026) Covers five  claims: (1) already in force as of publication date; (2) requires CIO/CTO/CISO/CRO sign off; (3) requires audits mapped to NIST 800-53 and ISO 27001; (4) requires safeguards  against prompt injection, data poisoning, and model inversion; (5) carries a broad  indemnification clause making non-compliance a direct contractual liability. The  characterization of Freddie as “much more prescriptive” than the agencies is supported  by Cooley Finsights analysis cited in the underlying research. Link: Guide Bulletin 2025- 16. Sections 1302.2 and 1302.8 of the guide specifically identify the claims. 

• Fannie Mae Lender Letter LL-2026-04 (April 8, 2026; effective August 6, 2026) Covers  three claims: (1) effective August 6, 2026; (2) vendor AI governance must meet a  standard “no less protective” than the servicer’s own; (3) Fannie reserves the right to  demand, without notice, a full inventory of every AI system including purpose, data  classes, and safeguards. 

• Treasury Financial Services AI Risk Management Framework (February 19, 2026) Covers three claims: (1) released February 19, 2026 in partnership with the Cyber Risk  Institute, FSSCC, and AIEOG, with input from 100+ financial institutions; (2) 230 control  objectives across five domains including third-party AI risk; (3) technically voluntary but  the de facto examiner and internal audit reference given the absence of binding federal  standards for generative tools. The “de facto reference” characterization is supported by  ZwillGen’s analysis, which noted these resources “are likely to become an important  reference in examinations, internal audit expectations, third-party oversight, and  contract negotiations.” 

• OCC Bulletin 2023-17 (June 2023) – Third-Party Risk Management Covers the claim that  the four vendor contract provisions (zero-training data use, model-change notification,  audit/inspection rights, termination data egress) flow directly from existing TPRM  expectations. OCC 2023-17 remains the operative federal framework with no narrowing  updates specific to AI vendors issued in 2025 or 2026 as of report date. 

• CFPB Circular 2023-03 (September 2023; still in force) Covers two claims: (1) requires  adverse action notices for AI-assisted decisions to provide specific, principal-reason  explanations tied to the borrower’s actual data and the model’s decision logic; (2) has  not been withdrawn under the current administration. 

• CFPB Regulation B Final Rule / Fair Housing Act Disparate Impact Covers two claims: (1)  Reg B final rule effective July 21, 2026 eliminates ECOA disparate impact liability,  meaning servicers who dismantled testing in response created a gap; (2) the Fair  Housing Act’s disparate impact standard is unaffected, grounded in Texas Dept. of  Housing & Community Affairs v. Inclusive Communities Project, 576 U.S. 519 (2015), a  Supreme Court holding not subject to agency rollback. 

• State AG Enforcement Expansion Covers the claim that New York, Massachusetts, and  California are expanding enforcement activity under state UDAP statutes and the NY 

FAIR Business Practices Act (December 2025), which expanded General Business Law  Section 349 to cover “unfair” acts. Links:  1, 2, 3, 4

This post was originally published on here. 

Land acquisition has become one of the homebuilding industry’s most important competitive advantages. Yet many teams still rely on manual research, disconnected data and broker-listed opportunities, leaving them competing for the same limited pool of properties. AI is beginning to change that equation, helping builders not only evaluate land and pursue off-market opportunities faster, but also identify emerging markets before competitors recognize their potential.

Oliver Alexander, Founder and CEO of Prophetic, experienced those challenges firsthand while building two previous companies. That frustration eventually led him to build an AI-native land acquisition platform designed to help builders analyze opportunities, manage complex pipelines and uncover growth opportunities in familiar and new markets.

In this executive conversation, Alexander explains how AI is moving land teams from reactive sourcing toward proactive growth.

Turning a persistent pain point into Prophetic

HousingWire: Land acquisition for homebuilders has become one of the industry’s biggest competitive advantages in today’s market, and what inspired you to build Prophetic around solving that challenge?

Oliver Alexander: I didn’t set out to solve land acquisition at scale. I became frustrated after dealing with the problem for years. While expanding my first company, Orchid Health, a chain of medical clinics in rural Oregon, I needed to determine which towns offered the best locations. Finding off-market land, analyzing it for a specific use, understanding environmental issues and modeling the financial picture was exceptionally difficult. I encountered the same problem while searching for a building for my second company.

After selling my company, I spent about a year and a half researching why no one had solved such an obvious pain point. The lack of technological ability to solve the problem was the blocker. I recruited some of the best minds in AI I could find and started building the solution that became Prophetic.

Moving beyond marginal efficiency with AI-native land acquisition

HW: Builders have access to extensive land data, yet acquisition still moves slowly. Why is decision-making the real bottleneck, and what does “AI-native” mean in this context?

OA: It can take one to five hours or more to analyze a property’s development potential. Aggregating data more efficiently might create a 20% or 30% improvement, but the process remains slow.

The order-of-magnitude leap happens when information is brought together, synthesized and fed into decision-making engines that can perform 80% of the legwork. Teams can reach a decision in minutes instead of seeing a modest efficiency gain that a legacy platform or non-AI-native system would offer.

AI-native land acquisition is not about adding a chatbot to legacy software. It means using AI as the foundational technology behind a new system and a new way of doing business. Builders no longer have to wait for inbound leads. They can proactively hunt for off-market land, conduct outreach and build their own pipelines. For the first time, they control their destinies when it comes to enabling their wildest growth dreams.

Expanding the off-market land discovery opportunity

HW: Why does AI-powered off-market land discovery matter in today’s market?

OA: There are roughly 160 million parcels in the U.S., and only about 1.5% to 2% are on the market at any time. Everyone is fighting over that small share, so naturally, there is intense competition.

The best properties don’t usually reach the market. They travel through broker and acquisition networks and are quickly snapped up. Properties that do reach the market are usually overpriced or have issues that emerge later.

Off-market land is not simply a nice-to-have. It is important to the bottom line because the competitive pressure on price is lower. Many owners will consider selling if someone approaches them directly and removes friction from the process. That opportunity is becoming especially relevant as baby boomers retire and look for liquidity from real estate they acquired years ago.

With Prophetic’s skiptracing and letter-sending capabilities, our users see an 11% to 23% off-market response rate due to the quality of outreach they can conduct. Imagine contacting 200 landowners per month, 20% respond, and of those, 50% are interested in selling. That’s 20 off-market, high-quality leads – per month.

Scaling land acquisition without losing the personal connection

HW: What changes when teams can evaluate thousands of parcels each month?

OA: A high-performing traditional land team might analyze a few hundred off-market parcels per month. We have Prophetic users evaluating more than 10,000 per month, while 1,000 to 2,000 parcels per user per month is par for the course.

At that scale, organization becomes critical. Teams need to know which owners were contacted, what message they received and how to retrieve property information immediately when someone responds. A landowner expects an informed conversation. That requires a centralized system for managing targets, notes and outreach, which is why we created a land relationship manager (LRM™).

Refocusing teams on AI and human relationships

HW: How is AI changing the day-to-day work of acquisition teams?

OA: One user told us their team previously spent 80% of its time on analysis and legwork and 20% talking with landowners. They have flipped that ratio. AI cannot replace human connection. The proprietary skill firms should develop is their ability to put knowledgeable, engaging people in front of landowners and execute deals.

The technology can also help newer professionals become effective faster. You cannot replace an industry veteran’s 20 or 30 years of experience, but you can reduce the “school of hard knocks” required to build it. AI can perform much of the legwork, identify exceptions and help less-experienced acquisition professionals operate at a higher level of sophistication immediately.

Distinguishing AI-native technology from an added feature

HW: What is the separation between an AI platform that simply adds a feature to its stack and an AI platform that fundamentally changes how land acquisition for homebuilders gets done?

OA: Nearly every technology company claims to use AI right now, particularly in data-rich industries such as real estate. The key is to examine a potential partner carefully rather than rely on the language used on its website.

Talk to customers and ask whether the technology works at scale, stays current, and produces meaningful results. Look closely at onboarding, ongoing support, and how quickly the company responds to new feature requests. A trial period is critical because products may look similar until teams begin using them in real workflows.

Builders should also evaluate the platform’s technical expertise. Are experienced AI professionals and PhDs building the technology? Can the team explain how it works and answer detailed questions? There is a major difference between adding an AI feature to an existing product and building decision engines that enable previously impossible workflows. Ultimately, builders should choose a partner with the expertise and support to grow alongside them.

Building the next generation of land pipelines

HW: What will separate market leaders as AI-native workflows become more common?

OA: A builder’s ability to grow and deliver more detached, attached, multifamily or mixed-use housing ultimately depends on securing the dirt. When teams move from analyzing a few hundred parcels per division per month to thousands per user per month, the playing field changes quickly. Builders that adopt this technology create significantly larger pipelines, while those that remain exclusively dependent on broker-supplied opportunities are likely to see competitors reach properties first.

AI can also help builders identify where to expand by tracking subdivisions, lot sizes, sales velocity, list prices and closing prices across rural, suburban and urban markets using Prophetic’s DevMap™. The visibility can reveal unexpectedly strong markets, whether they are nearby or across state lines, and help builders move from the opportunity to become widely recognized.

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Homeownership really starts at closing, yet that’s often where the relationship between borrowers and lenders ends. As affordability pressures continue to reshape the housing market, borrower engagement needs to shift from periodic marketing to creating continuous value throughout the homeowner journey.

To address this evolution, Made Card is taking a different approach. The fintech has developed a first-of-category credit card designed to help homeowners reduce the ongoing time, stress and cost of homeownership.

Alex Song, Co-founder of Made Card, discusses why homeowner engagement is becoming just as important as customer acquisition, how embedded financial products can strengthen mortgage loyalty and why he believes personalized technology will redefine borrower relationships over the next five years.

Addressing the rising cost of homeownership

HousingWire: What led to the creation of Made Card, and why did homeowners need a different financial product?

Alex Song: Home affordability has become one of the defining challenges in housing today and is the driving force behind Made Card. Mortgage rates remain high, home prices have risen and inflation has increased the cost of everyday living. We wanted to create a solution that helps homeowners manage those growing expenses.

One insight stood out: The average homeowner’s monthly credit card spending is almost equal to their mortgage payment. That made a home-focused rewards card a natural fit. Instead of focusing on a single expense category or categories that are separate from the day-to-day expenses that weigh on homeowners, we built a product that rewards homeowners for many of their largest recurring household purchases while helping to reduce the overall cost of homeownership.

Why borrower relationships shouldn’t end after closing

HW: Why are retention and long-term homeowner engagement becoming just as important as customer acquisition?

AS: Mortgage relationships can last decades, but they’re often fragile. Industry recapture rates generally remain between 20% and 30%, meaning many lenders lose borrowers when borrowers refinance or experience major life events.

The opportunity we’re building into creates stronger, ongoing relationships after closing. Our platform gives lenders a reason to engage with borrowers through a financial product they use every day. That creates more frequent interactions while allowing lenders to offer rewards, savings and relevant homeowner services.

Our launch with Fairway Mortgage reaffirms that both lenders and customers are looking for this kind of solution. Within weeks, we had customers in all 50 states. We already see 73% of customers linking their mortgages to their Made Card within two months of account opening. Other industries have proven how powerful loyalty programs can become. Mortgage lending is simply beginning that evolution.

Creating a homeowner platform, not simply another credit card

HW: Made Card is positioned as more than a traditional credit card. What role does it play in your broader homeowner platform?

AS: Our mission is simple: help homeowners save time, stress and save money. We do that in three ways. First, our rewards program focuses on everyday homeowner spending, including gas, groceries, utilities, furniture and home maintenance. We also offer Mortgage Match, additional rewards points up to the amount of cardholders’ monthly mortgage payment with any lending partner, to create another layer of value.

Second, we’ve built partnerships with companies that help reduce homeowner expenses. Whether it’s home warranties, property tax appeals or other household services, cardholders receive free or discounted access that generates meaningful savings that lower their ongoing home ownership costs.

Finally, our technology proactively helps homeowners manage the administrative stress of homeownership. Our mobile platform combines household spending with property information to help homeowners understand where their money is going and identify opportunities to save. That level of personalized insight has largely been missing in homeownership.

The business case for mortgage lenders

HW: For a mortgage servicer or originator evaluating new customer engagement strategies, what measurable outcomes can a homeowner platform deliver for mortgage companies?

AS: The biggest opportunity is improving post-close engagement. Many lenders struggle to find meaningful reasons to reconnect with borrowers after closing. Because our card becomes part of daily household spending, it creates ongoing touchpoints and valuable engagement opportunities.

Our research has shown that the average homeowner manages $44K+ in annual home-related expenses. We’re seeing active cardholders spend between $1,000 and $3,000 per month in their first few months, suggesting the card becomes a primary payment method rather than going unused.

Our partnership network is also producing measurable value. During the first half of 2026, customers who used our affiliate partners saved an average of 15% on eligible purchases with over 350 homeowner-focused partners.

Our latest success story: Within two months, a Fairway Mortgage customer earned enough rewards to apply those points toward closing costs on another Fairway loan. It’s demonstrating how mortgage rewards can directly support future lending relationships.

Building the future of homeowner engagement

HW: Looking ahead, how do you expect homeowner engagement to evolve over the next five years?

AS: Borrower engagement will become much more personalized and much less dependent on mass marketing. Instead of generic email campaigns, lenders will rely on embedded financial products, home intelligence and personalized homeowner experiences.

Technology, automation and AI will make that possible by helping lenders deliver individualized engagement at scale. As interest rates eventually normalize, lenders that invest today in stronger customer relationships will be positioned to capture significantly more refinance and repeat business. Those that don’t will likely continue seeing recapture rates around today’s levels.

I also believe mortgage loyalty programs will become a meaningful part of the industry over the next several years. Homeowners increasingly expect financial products that provide ongoing value, and lenders that embrace those expectations will strengthen borrower relationships for years to come.

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Europe’s economy showed fresh signs of life this week as new business activity expanded for the first time in four months, offering companies and investors a welcome signal that demand may be stabilizing despite continued geopolitical uncertainty.

The latest S&P Global Flash Purchasing Managers’ Index (PMI), released Friday, climbed to 51.9 in July from 50.0 in June, beating economists’ expectations and moving back above the 50-point level that separates economic growth from contraction. Manufacturing posted its strongest output in more than four years, while the services sector also returned to expansion. 

For businesses, the improvement could translate into stronger customer demand, healthier supply chains and a more stable environment for hiring and investment after months of sluggish growth.

One encouraging month doesn’t erase the challenges, but it does suggest Europe’s economy is finding its footing again.

Germany, the euro area’s largest economy, returned to growth after four months of contraction, while France remained weak but showed signs of stabilizing. New orders increased at the fastest pace since April 2023, giving companies reason to believe the recovery could continue if geopolitical conditions remain stable. 

The rebound also arrives as inflation pressures begin to ease. Businesses reported slower increases in both input costs and prices charged to customers, a trend that could reduce pressure on the European Central Bank as it weighs future interest-rate decisions. 

Energy prices remain the biggest wildcard.

Economists caution that renewed tensions in the Middle East could quickly reverse recent gains by driving oil and natural gas prices higher, raising costs for manufacturers, transportation companies and consumers across Europe. 

For global companies—including many U.S. exporters—the stronger European economy is encouraging news. A healthier euro-zone economy can support international trade, improve demand for American goods and services, and provide another source of global economic growth at a time when businesses continue navigating inflation, tariffs and geopolitical risks. 


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The government has banned the import of goods that are produced with the use of forced labor, the Foreign Ministry said in a statement on Sunday.

Prime Minister Benjamin Netanyahu’s proposal to ban goods tied to forced labor was approved as a “step of major moral, economic, and strategic importance, reinforcing the State of Israel’s commitment to the fight against human trafficking and forced labor, alongside safeguarding the interests of the Israeli economy.”

The directive instructed the Economy and Industry Ministry to establish regulations banning such goods in accordance with standards set by international law.

The Prime Minister’s Office’s National Economic Council has also been instructed to create an enforcement method, to be submitted to the government for approval within 90 days.

The enforcement mechanism would include “the designation of an authorized entity for decision-making, the establishment of professional criteria for identifying products manufactured using forced labor, the creation of a reporting mechanism, and the establishment of appeal and review mechanisms aiming to ensure effective enforcement, certainty for importers, and the preservation of fair trade rules.”

View of the Port of Haifa and the surrounding area in the northern Israeli city of Haifa, July 6, 2026. (credit: Sharon Leibel/Flash90)

Ban on goods created with forced labor affirms Israel’s commitment to human rights

The statement emphasized the economic impact alongside the moral value of implementing the directive, with the ministry affirming the government’s commitment to human rights values, fair trade, and the strengthening of the Israeli economy. 

According to the announcement, “this move places Israel in line with the world’s leading countries that are taking steps to prevent the entry into markets of products manufactured through the exploitation of human beings, and strengthens Israel’s credibility as a trading partner operating in accordance with international standards.”

Regarding economic impact, the statement says, “It is expected to strengthen the standing of Israeli exporters in international markets, improve Israel’s trade conditions vis-à-vis its key partners, and reduce trade barriers that harm the competitiveness of the Israeli economy.”

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The wave of WhatsApp account suspensions across Israel over the weekend triggered widespread concern, leaving many users worried that their own accounts could be blocked. 

The Israel Internet Association on Saturday advised WhatsApp users to back up important information stored in the messenger app in case their accounts were suspended as well.

Speaking on 103FM on Sunday, Yonatan Ben-Horin of the Safe Internet Hotline described the reports the organization has received, noting that this past weekend was different than what he was used to seeing.

“Most of the inquiries we usually receive involve reports of harmful content, abusive accounts, or harmful trends on social media,” Ben-Horin said. 

“What happened over the weekend was different. We started receiving small but steady reports of people whose accounts had been suspended after sending an entirely innocent message to a business or someone they wanted to contact.”

 WhatsApp (credit: SHUTTERSTOCK)

WhatsApp account suspensions tied to sending messages to businesses

After looking into the incidents, the organization realized that the connection was in who the messages were being sent to.

“We realized that all of the messages people had sent, completely innocently, were directed to businesses and similar recipients. The recipient wasn’t an unfamiliar number, but rather the business or person the sender was certain they were contacting. What we initially suspected was that many people had simply sent messages to someone who wasn’t already in their contacts.”

“It’s completely crazy because we’re all dependent on WhatsApp to communicate with practically the entire world,” he continued. 

“As the Israel Internet Association, we have established reporting channels with the various platforms. Because so many Israelis were affected by this wave, and because WhatsApp is such an essential tool for all of us, we reached out to Meta. They asked us to compile the numbers of the suspended accounts. Unfortunately, we still haven’t received any answers, and I’m continuing to collect reports from people whose accounts were suspended over the weekend.”

Ben-Horin also stressed the importance of maintaining independent backups.

“It’s always the right thing to back up your information because many people also use WhatsApp as a personal reminder system,” he said. “Any important information should be backed up outside of WhatsApp, not just in Google‘s or Apple’s cloud services. Those daily, weekly, or monthly cloud backups are only relevant to WhatsApp itself.”

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While the benefits of exclusively breastfeeding an infant have been well studied, a new study has found a link between breastfeeding and childhood allergies, raising new questions over the choice between breastmilk and formula. 

Breastfeeding does undoubtedly have benefits. The World Health Organization calls it “the ideal food for infants,” and recommends that infants be exclusively breastfed until six months old. Breastfeeding has been associated with higher intelligence tests and lower rates of early asthma. 

However, a research team from the University of Toyama, Japan, led by Professor Emeritus Hidekuni Inadera and using data from the Japan Environment and Children’s Study JECS set out to discover if there was any correlation between breastfeeding and food allergies. 

Using JECS data, the research team was able to study the cases of over 88,000 mother-child pairs from Japan, splitting the infants into four groups: those who were exclusively formula fed for six months, those who were breastfed for less than six months, those who were partially breastfed with formula supplementation for six months, and those who were exclusively breastfed (EBF) for six months. 

The children were assessed annually until six years old for caregiver-reported and physician-diagnosed allergies. 

A woman breastfeeds her baby  (credit: Photo by Marco Di Lauro/Getty Images)

Both benefits and risks found due to exclusive breastfeeding

The study did confirm some of the benefits found in EBF children. Children who were exclusively breastfed were found to have a 37% lower risk of asthma during the first year of life and a 19% lower risk in the second year. 

Additionally, EBF children were found to have reduced risk of allergic rhinoconjunctivitis (similar to hay fever). 

However, the risk of developing food allergies increased significantly. Children who were exclusively breastfed had an 82% higher risk in the first year, 62% at age two, and 54% at age three. After this point, the increased risk gradually weakened. 

Interestingly, this effect difference varied by sex, with increased allergy risk being higher in male children. 

While the correlation between exclusively breastfeeding and higher prevalence of food allergy was found, the researchers did put forth other potential explanations. 

Age of introduction of food affects allergy prevalence 

One such explanation may be the age at which other foods are introduced into an infant’s diet. Previous studies have shown that exposure to common food allergens such as eggs and peanuts between four and six months may help prevent such allergies. 

Snacks such as Bamba or Shush are nutritionally preferable compared to many fried snacks (credit: SHUTTERSTOCK)

This phenomenon became well known in Israel due to the decreased number of children with peanut allergies when compared with children of similar ancestry in the UK. 

A study published in the New England Journal of Medicine found that the early introduction of peanuts, in Israel usually done through the snack food Bamba, made a significant difference when it came to peanut allergies, with infants who started eating it between the ages of four and 11 months having a lower risk. 

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Ra’am, the party led by MK Mansour Abbas, announced on Sunday that it will hold primary elections for the first time in its history on August 22, during which party members will select its candidates for the Knesset ahead of the next election.

According to the party’s statement, the conference is part of the completion of its organizational preparations and fulfills its constitutional requirements.

The party stated the conference represents a significant organizational and political milestone and comes amid efforts to strengthen the party’s institutions, expand its membership, and deepen its public presence among the various sectors, communities, and regions of Arab society.

 Ra'am Party leader Mansour Abbas casts his vote at a voting station in Maghar, during the Knesset Elections, on November 1, 2022.  (credit: JAMAL AWAD/FLASH90)

Ra’am accuses government of racism

The move is particularly important to Ra’am in light of the difficult circumstances facing Arab society, with the party citing what it described as “the unprecedented racist policies and practices of the Netanyahu-Ben-Gvir-Smotrich government.”

The United Arab List also stressed that it seeks to bring down the current government and replace it with a new one in which the party would be an active partner, working to address the challenges facing Arab society.

Ra’am has become the fourth Israeli party to hold primaries, alongside Yair Golan’s The Democrats, Finance Minister Bezalel Smotrich’s Religious Zionist Party, and Prime Minister Benjamin Netanyahu’s Likud.

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An ancient Cypriot silver Siglos coin dating to the mid-5th century BCE was found at one of Ashdod’s beaches last month, the Israel Antiquities Authority (IAA) announced on Sunday. 

It is the first coin of its kind to ever be discovered in Israel.

The approximately 2,500-year-old coin was located by Ashdod Beaches Department Deputy Director Avi Chaprak during a search to locate objects lost by visitors to the beach.

Upon discovering the coin, Chaprak handed it over to the IAA’s Coin Department, which was able to confirm the rarity of the find.

“At first glance it looked to be made of silver, but a closer examination showed it to actually be of metal that was only plated with silver; a known phenomenon in Cypriot silver coins from this period, given the shortage of silver on the island,” said Yanniv David Levy, researcher and curator at the IAA’s Coin Department.

Ashdod Deputy Beaches Director Avi Chaprak with the certificate of appreciation he received from the Israel Antiquities Authority, July 26, 2026. (credit: PR)

Minted during Persian Empire’s reign

Researchers were able to pinpoint the origin of the coin to the ancient city of Salamis, located on the east coast of Cyprus. According to Greek mythology, the city was founded by the archer Teucer, the half-brother of Ajax, and a veteran of the Trojan War.

The coin, weighing about 11 grams, was minted during the Persian Empire’s reign in Cyprus.

One face of the coin depicts a left-facing recumbent ram, while its second face features a left-facing ram’s head set within a sunken square frame.

Beside the head is a laurel branch, placed vertically, with three symbols below it, written in what is believed to be the Cypriot syllabic script.

“Coins of this size and value from the Persian period are rare altogether in the archaeological record,” Levy added. “Usually, silver coins of this size were not preserved intact. Over time, they were cut into small pieces, for use as local trade currency.”

“Furthermore, evidence of such use is known mainly from inland sites in Israel. Therefore, the discovery of a complete coin from the coastal area is thus unusual on all accounts, and of special historical importance.”

Coin offers evidence of ancient Cypriot-Israeli trade

Coins from Salamis from the 5th century BCE were circulated throughout the eastern Mediterranean, explained Dr. Evangeline Markou, a senior researcher at the Institute of Historical Research, National Hellenic Research Foundation, and an expert in ancient Cypriot coinage.

Writing from Athens, she noted that even so, “finds with an exact provenance are rarer, and therefore this coin potentially offers significant information about trade ties and movement between Cyprus and the Land of Israel during this period.” 

Levy, representing the Israeli archaeological perspective, agreed with Markou.

“The circumstances of the discovery and the accurate reporting allow us researchers, not only to identify the coin itself, but also to use it as a reliable source of information about economic and maritime ties that existed in this region some 2,500 years ago,” he said.

Chaprak was awarded a certificate of appreciation for reporting the coin and handing it over to the IAA’s Coin Department. 

“I am happy that I was privileged to be part of a discovery of historical value,” said Chaprak. “For me, it was clear that the coin belonged to our collective heritage, so I immediately delivered it to the Israel Antiquities Authority. If through this act I contributed another small piece towards the research and history of the Land of Israel, then that is a great honor for me.”

Heritage Minister Amichai Eliyahu added that the coin’s discovery on the Ashdod coast is “tangible evidence of the maritime and commercial ties that existed between the Land of Israel and Cyprus some 2,500 years ago.”

“I commend Avi Chaprak,” he said, “who acted responsibly and transferred the coin to the Israel Antiquities Authority.”

“The public’s cooperation in reporting on antiquities makes it possible to preserve the heritage assets that belong to all of us, to deepen knowledge about the country’s past, and to ensure that the finds will be preserved and studied for the benefit of future generations.”

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The Pentagon designated four soldiers killed in Jordan and Iraq in July as “Overseas Operations Casualties” on Sunday, separate from the other 14 casualties of Operation Epic Fury listed on its website.

Last week, The New York Times had reported that the number of soldiers the Pentagon had confirmed were killed during the war had been reduced, with the four soldiers having been removed from the website. 

The Jerusalem Post confirmed at the time that the numbers online did not mention the four servicemembers killed – including Private Isabella Gonzales, 19, and Lt. Tyler James Feehan, 25, who were killed during an Iranian strike in Jordan – or those who had been wounded since July 1, despite the site having been updated on July 20.

Chief Pentagon Spokesman Sean Parnell blamed the soldiers’ absence on “a temporary data disruption” in a Thursday post on X/Twitter.

“The Department of War is aware of temporary data disruptions on the Defense Casualty Analysis System (DCAS) website,” he stated. “These site anomalies are currently being resolved in coordination with the Military Services.”

US and Israeli soldiers convene at the Civil Military Coordination Center, overseeing the implementation of President Donald Trump's plan to end the war in Gaza, in Kiryat Gat, southern Israel, November 17, 2025 (credit: REUTERS/Alexander Cornwell)

He also accused the NYT of “colluding” with anonymous sources to “push a completely fake story.”

CBS reported that US defense officials had not briefed reporters on Operation Epic Fury since May, and have not commented on the four soldiers’ categorization.

Pentagon wounded US soldier numbers show discrepancies 

The Pentagon’s website also displayed some anomalies in the number of wounded US soldiers, CBS wrote.

Last week, 482 soldiers were listed as having been wounded during the war with Iran. Currently, that number has been reduced to 417, with an additional 207 soldiers listed as having been wounded in “Overseas Operations.”

In the initial report, the NYT claimed that dozens of American soldiers had been wounded and unreported by CENTCOM, as well as damage to several helicopters.

One official told the NYT that CENTCOM is not obligated to reveal information about wounded soldiers, particularly when the soldiers are expected to quickly return to duty, and when doing so could give Iran a tactical advantage in targeting future attacks.

A separate source noted that the US would not share information that could “help Iran zero in on its deadly ballistic missiles and drone attacks in Jordan and other bases in the Middle East.”

This same reasoning is why CENTCOM has stopped confirming how many Iranian targets it has struck each day.

Shir Perets contributed to this report.

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A Byzantine-era ship discovered more than a decade ago on the seabed off Croatia’s southern coast was probably carrying a high-ranking person and his entourage, judging by the gold jewelry found in the wreckage, according to archaeologists.

Announcing for the first time on Thursday the results of their years-long underwater excavation, they said the shipwreck could be dated to the 7th or 8th century and that the artifacts on board indicated that this was no ordinary merchant vessel.

These included gold coins dating to the Heraclius dynasty of four emperors, buckles decorated with rubies, emeralds and pearls, and a golden signet ring with a picture of the emperor “that certainly wouldn’t be worn by just anyone,” Pavle Dugonjic, head of the Department of Underwater Archaeology at the Croatian Conservation Institute, told Reuters.

His team, equipped with diving gear, has spent the past decade slowly uncovering the history of the ship, whose wreckage lies near the Adriatic island of Mljet.

“This is an impressive amount of gold, the largest ever found on a shipwreck in the entire Mediterranean,” said Igor Miholjek, the head of research at the Croatian Conservation Institute. “It weighs over 600 grams when weighed after cleaning and restoration.”

Most important shipwreck of its time

The Byzantine Empire, successor to the Roman Empire and centered on Constantinople, now Istanbul in Turkey, once dominated the eastern Mediterranean but by the early 8th century was mired in turmoil and was losing territory.

“For me, it’s the most important shipwreck of its period,” said Justin Leidwanger, professor of archaeology at Stanford University.

“If you’re studying the end of the late Roman Empire and the transformation into the medieval world, this is a critical site for us to understand and to gain insights into how the Mediterranean was held together by its sea routes, how it fragmented, how the empire fell apart.”

This post was originally published on here. 

Violence in the West Bank is, once again, spiraling in multiple directions.

Palestinian terror attacks claimed two Israeli lives and wounded several others. At the same time, extremist Israeli violence once again targeted Palestinian villages, culminating in Sunday’s torching of a mosque in the latest price tag attack.

On Thursday, an Israeli man was seriously wounded in a stabbing attack after attempting to extinguish a fire allegedly set by Palestinian residents of the nearby village of Beit Furik.

Less than 24 hours later, two Israelis were killed after a group of Israeli civilians illegally entered Palestinian Authority-controlled territory while hiking, prompting IDF and local security forces to come to their aid after they were confronted by local Palestinians.

Then, in the early hours of Sunday morning, extremist settlers entered the Palestinian village of Kusra and set fire to a mosque, spraying “revenge for Benayahu” on its entrance – a price tag attack exacting revenge for the murder of Benayahu Melet, an emergency response squad member who was killed while trying to aid the hikers.

Family, friends and residents attend the funeral of Benayahu Melet at the Israeli settlement of Havat Gilad in the West Bank, July 24, 2026. (credit: HILEL BEN OR/FLASH90)

All violence demands an uncompromising response

These events are not morally equivalent, but all demand an uncompromising response from Israeli authorities.

The full circumstances surrounding Friday’s deadly clashes remain unclear.

Terrorism cannot and will never be tolerated or justified. But it is equally legitimate to ask whether stronger enforcement against repeated lawlessness in the West Bank could have prevented the violence from escalating.

Israel has both a moral obligation and a legal responsibility to prevent extremist settlers from carrying out price tag attacks.

These crimes undermine the rule of law, inflame tensions on the ground, damage Israel’s international standing, and ultimately put both law-abiding Israelis living in the West Bank and the security forces responding to outbreaks of violence at greater risk.

These attacks would not occur with such frequency if perpetrators believed there was a genuine risk of arrest and prosecution.

In direct response to Friday’s deadly clashes, Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz ordered an intensified crackdown across the West Bank, including additional troop deployments, new checkpoints, and expanded counterterrorism operations.

These measures may help restore order and prevent further terrorist attacks. But military operations alone cannot address violence that Israeli law enforcement has too often failed to deter.

Any effort to restore security in the West Bank must include a serious commitment to confronting Jewish extremist violence alongside Palestinian terrorism.

For too long, Israel’s political echelon has been too reluctant to properly condemn and act to suppress settler violence – and we are now bearing witness to the consequences of that reluctance.

Over the past several years, Katz has pushed for policies that critics argue weakened Israel’s efforts to restrain Jewish extremist violence, including ending the use of administrative detention against Jewish suspects while maintaining the practice for Palestinian security detainees.

Whether one agrees with administrative detention as a tool or not, the message such decisions send about unequal enforcement cannot be ignored. These decisions serve as an informal endorsement of Jewish extremist activity, whether intended or not.

Why is Jewish extremist violence treated differently?

The issue also extends beyond the West Bank. Allies that readily recognize Israel’s right and obligation to defend its citizens against terrorism increasingly question why Jewish extremist violence appears to be treated differently.

Israeli security officials have also repeatedly warned that extremist settler violence constitutes a national security concern. Visiting the scene of Friday’s clashes, Shin Bet (Israel Security Agency) Director David Zini urged Israelis not to take revenge into their own hands.

We need more of our leaders to say the same.

Too often, members of the political echelon have been reluctant to publicly condemn Jewish extremist violence in the West Bank, fearing political backlash from their own supporters.

At the same time, Palestinian Authority officials and community leaders in the West Bank must do more to condemn and prevent attacks against Israeli civilians and IDF troops.

Every terrorist attack against Israelis deserves an uncompromising response.

So too does every attack carried out by Israelis against innocent Palestinians – attacks that have become increasingly common as extremist settlers have grown more comfortable carrying them out with little apparent fear of consequences.

Israel cannot allow political considerations to determine which forms of extremism it confronts. The rule of law must apply equally, or it will steadily erode for everyone.

This post was originally published on here. 

In preparation for the upcoming elections, which are set for October 27, the Central Elections Committee and the Employment Service announced a joint effort to hire thousands of job seekers for election-related positions on Friday.

Hiring for positions such as polling site staff, technical support workers, logistics personnel, and a variety of other roles will begin in the next week, according to a joint statement released by the committee and the Employment Service.

Both organizations agreed that they intend to hire individuals who represent all segments of the population, with a special emphasis on hiring people with disabilities, people who have been displaced from their homes during the ongoing wars with Iran and Hezbollah, and those who were injured during the wars.

The hiring and recruitment process will be facilitated, in part, at a designated site to be established and jointly managed by the Elections Committee and Employment Service.

Acting Director General of the Central Elections Committee, Attorney Din Livne, emphasized that staff responsible for facilitating elections are essential to the electoral process.

Israelis cast their votes at a voting station, during the second round of Municipal Elections, in Beit Shemesh, March 10, 2024.  (credit: Jonathan Shaul/Flash90)

Elections Committee vows to provide Israelis with proper access to voting sites

“We are already working to ensure that every polling station is staffed with professional, skilled, and capable personnel, so that every citizen can exercise their right to vote in a proper, accessible, and reliable manner,” Livne vowed.

Inbal Mashash, the Director General of the Employment Service, highlighted the importance of providing employment opportunities for thousands of job seekers across Israel. 

“A strong labor market and a sound democratic process both rely on broad participation from all parts of society,” Mashash asserted.

“The Employment Service will bring to this effort its expertise, tools, and nationwide presence to quickly identify and place suitable workers in a wide range of positions,” she added.

This post was originally published on here. 

Britain’s new Prime Minister, Andy Burnham, will welcome Ukrainian President Volodymyr Zelensky as his first international visitor on Monday, in a move that underscores London’s steadfast support for Ukraine, Burnham’s office said.

The two leaders are expected to meet at a naval base, where they will hear how UK-led training programs are helping strengthen Ukraine’s armed forces and deliver results on the battlefield, according to Downing Street.

“Britain stands with Ukraine, shoulder to shoulder, and our support remains unwavering,” Burnham said in a statement. “Russia should be in no doubt of our resolve, and we will not back down until we achieve long-lasting and just peace for Ukraine.”

During the visit, Burnham and Zelensky will meet more than 200 Ukrainian military personnel and sailors who have spent the past three weeks in Britain taking part in Exercise Sea Breeze, a maritime security and counter-mine exercise designed to prepare participants for future missions in the Black Sea.

British Prime Minister Keir Starmer is greeted by Ukrainian President Volodymyr Zelenskiy at the Presidential Palace, in Kyiv, Ukraine July 16, 2026.  (credit: STEFAN ROUSSEAU/POOL/REUTERS)

Massive support for Ukrainian war effort

Since Russia’s full-scale invasion in 2022, the UK’s total support for Ukraine has reached £25 billion ($33.3 billion), including £16 billion in military assistance and £5.6 billion in non-military support, Burnham’s office said.

Burnham’s predecessor Keir Starmer visited Kyiv days before he stood down earlier this month, where he pledged €300 million ($345 million) to help equip Ukraine with a squadron of 16 Swedish-made Gripen fighter jets.

This post was originally published on here. 

Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz stayed low over the weekend, shipping data from Kpler showed on Monday.

Eleven commodity vessels passed through the Bab el-Mandeb Strait on Sunday, the lowest level in months, the data showed.

Red Sea traffic has been disrupted off the coast of Yemen since last week by the Tehran-aligned Houthis, who want to blockade Saudi exports, expanding the US-Iran conflict that has already choked oil supply through the Strait of Hormuz.

Seven of the vessels that passed through Bab el-Mandeb were oil tankers, with three of them entering the Red Sea. Two of them are very large crude carriers (VLCCs) heading to the port of Yanbu to load Saudi crude while the third is a Russian-linked ship, the data showed.

The four vessels that exited the Red Sea on Sunday included the Hong Kong-flagged VLCC New Explorer carrying 2 million barrels of Saudi and Emirati crude for eastern China’s Ningbo port, a tanker carrying 1 million barrels of Russian crude for China and a tanker with about 750,000 barrels of Saudi crude onboard for Pakistan, the data showed.

Chinese-flagged VLCC supertanker Cosnew Lake, which exited the Red Sea via the Bab el-Mandeb Strait on July 23, 2026.  (credit: Vladimir Tonic/Handout via REUTERS)

This is the third Chinese VLCC to exit the Red Sea via the Bab el-Mandeb strait. Associated Maritime Hong Kong, the manager for the New Explorer, did not immediately respond to a request for comment outside office hours.

Houthi military spokesperson Yahya Saree said the group struck sites belonging to Saudi state oil company Aramco in the cities of Jizan and Yanbu on Saturday.

Slowed transit in Strait of Hormuz

Fewer than 10 commodity vessels passed through the Strait of Hormuz daily over the weekend even though the US and Iran have paused strikes in the Middle East, shipping data from Kpler showed.

Seven vessels transited on Sunday, including three Iranian-linked oil products tankers that exited the Strait, the data showed.

On Saturday, there were only three vessels that passed through with their transponders switched off. These include a VLCC heading to Qatar to load oil, a liquefied petroleum gas tanker going to the Ruwais port in the United Arab Emirates to load a cargo, and a tanker carrying Qatari naphtha that was heading to Japan, the data showed.

On Friday, seven vessels passed, mostly exiting the Gulf, including two VLCCs carrying crude from Iraq and the UAE and a tanker carrying fuel oil.

This post was originally published on here. 

Oil prices dropped 5 percent on Monday after the United States and Iran paused attacks for a second straight day following weeks of strikes that had pushed Brent crude prices to over $100 per barrel.
Brent crude futures declined 5.05 percent to $91.89 a barrel by 8:09 p.m. ET on Sunday, while U.S. West Texas Intermediate dropped to $84.64 a barrel—down 5.23 percent.
The decline came after the two nations agreed to pause hostilities to negotiate a deal. An Iranian army spokesperson told state television on July 26 that Tehran had halted attacks on the same nights the U.S military stopped their strikes.
White House communications director Steven Cheung said on July 26 that President Donald Trump had ordered to pause attacks on Iran over the weekend but will “retain all options if Iran continues terrorist activities in the Strait of Hormuz or against allies.”…

This post was originally published here. 


New York — This is the heaviest week of the earnings calendar, with FactSet data showing 158 S&P 500 companies scheduled to report — among them Apple, Amazon, Meta Platforms and Microsoft.

The reports land at an awkward moment for the market. About 27% of the S&P 500 has reported second-quarter results so far, and 82% of those have beaten expectations. But Tesla and Alphabet both missed, putting pressure on the broader index. The S&P 500 fell 0.6% last week, its second consecutive weekly decline, with rising oil prices also weighing on equities.

Amazon, Meta and Microsoft report Wednesday and Thursday, following commentary from Alphabet that sent its stock lower and dragged the market with it. Apple reports this week as well, alongside Qualcomm. Visa also reports, offering a read on consumer transaction volumes, travel activity and cross-border payment flows.

The question investors are asking has shifted. The pattern this season has been that heavy AI spenders get punished while semiconductor makers get rewarded. Alphabet delivered solid results on the surface, but its spending plans and negative free cash flow unsettled investors.

The Alphabet numbers explain why. Capital spending of $44.9 billion exceeded $39.1 billion in operating cash flow, producing free cash flow of negative $5.9 billion — the first negative quarter since the company went public in 2004. Chief Financial Officer Anat Ashkenazi raised full-year capital expenditure guidance to a range of $195 billion to $205 billion, up from $180 billion to $190 billion a quarter earlier, and indicated a further significant increase in 2027. Shares fell more than 4% after hours and buybacks were halted. The stock ultimately dropped 7%, even as Google Cloud revenue rose 82%.

Alphabet retains two cushions: trailing-twelve-month free cash flow of roughly $53 billion, and about $240 billion in cash and marketable securities.

Microsoft faces a version of the same test. The company called for $190 billion in spending for 2026, driven in part by rising memory prices. It is forecast to report double-digit earnings and revenue growth from the prior-year period. Microsoft shares have fallen after each of its last three earnings releases, including a 10% decline following its fiscal fourth-quarter report in January.

Meta’s full-year capital expenditure guidance had previously been signaled in a range of $115 billion to $135 billion, and investors will be looking at whether AI is measurably improving engagement and advertising efficiency. Following Alphabet’s reception, Meta’s results may indicate how much patience investors retain for large capital deployment.

For Amazon, the focus falls on AWS growth, retail margins and advertising strength.

The Federal Reserve’s policy decision under Warsh lands in the same week, along with second-quarter GDP figures and the PCE inflation reading.

For business owners in the tri-state region who are not trading these names, the relevant signal is in the capital expenditure guidance rather than the earnings per share. Data center construction budgets set this week determine contractor demand, electrical and mechanical subcontract volume, and industrial power procurement across multiple states over the next 18 to 24 months. A collective decision to moderate spending would show up in New Jersey and Connecticut construction pipelines well before it shows up in anyone’s quarterly filing.

Visa’s commentary carries a separate signal for regional retailers and restaurants. Transaction volume and travel spending will indicate whether consumer resilience is holding up against continued inflation and elevated interest rates — a question with direct implications for anyone planning fall inventory or staffing.

JBizNews Desk | New York

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The Palestinian Authority’s complete economic collapse has been staved off by funds provided by the European Union and the World Bank, with only a fraction of support coming from Arab states, according to research published by the Institute of National Security Studies (INSS) last week.

The PA’s financial crisis has been well documented. Since Israel began withholding tax revenues in July 2018 to offset the PA’s pay-for-slay payments to terrorists and their families, the Fatah-led Palestinian governing body has faced growing financial constraints. The outbreak of war in 2023 further deepened the PA’s economic instability, as tens of thousands of jobs previously held by Palestinians in Israel were quickly lost and economic activity in the West Bank sharply declined.

Israeli politicians have spent years discussing the theoretical collapse of the PA, believing it imminent, though the authority has survived through 2026 with significant cuts to civil services and salaries of civil servants. This survival, INSS highlighted, is largely thanks to foreign aid from Western sources.

Without foreign funding, the PA would have operated under a structural deficit from as early as 2018, when its expenditure began exceeding its total self-generated revenues, a deficit that widened significantly after the Hamas-led October 7 invasion and massacre in 2023.

In 2023, the PA raised only NIS 3.9195 billion in domestic tax collection and NIS 1.591 billion in non-tax revenues, though total expenditure for the year was NIS 14,752 million.

A subtle sign hangs on the wall of the World Bank headquarters building on July 23, 2026, in Washington, DC. (credit:  J. David Ake/Getty Images)

The majority, NIS 10.035.4b., was made up of collections by Israel, while foreign aid provided NIS 755.2m.

Foreign aid offsets decline in PA tax revenues

Foreign aid jumped from NIS 755.2m. to NIS 2.517.8b. in 2024 to NIS 2.742.3b. in 2025. Notably, this came as collections from Israel fell to NIS 6.8568b. in 2024 and NIS 6.1557b. in 2025.

The foreign aid received, which does not include all the funds promised both to the PA and salaries to civil employees, has allowed the PA to avoid a deficit over the past two years.

Taxes and customs duties collected by Israel on the PA’s behalf in accordance with the Paris Protocol of 1994 indicate that while Jerusalem continues to collect these funds, the PA has ultimately received less of these funds. Until 2023, clearance revenue receipts amounted to approximately NIS 11-12b. annually, though Israel deducted funds to cover electricity, water, and other expenses incurred by the PA, resulting in it accessing approximately NIS 8.8b.

However, from 2023 onward, the government began withholding more of the funds to offset pay-for-slay payments and payments to PA staff in the Gaza Strip, leaving the authority with only NIS 7.9b. in 2023, NIS 4.4b. in 2024, and NIS 2b. in 2025.

Additionally, as of 2025, the PA no longer receives clearance revenues.

Before the outbreak of the war, international funding of the PA had steadily declined from NIS 2.4b. in 2018 to around NIS 1b. in 2021.

From 2023 onward, this trend has reversed significantly, with foreign aid jumping to NIS 3b. in 2024 and to approximately NIS 3.2b. in 2025.

In 2024, only NIS 611.22m. was provided by Arab states, with that figure falling to NIS 392.33m. million in 2025.

The European Union’s support surged from approximately NIS 327m. in 2023 to more than NIS 1.5b. in 2025. The World Bank’s support grew from about NIS 283m. to approximately NIS 838m. over the same period.

INSS noted that the surge in Western funds can likely be attributed to the growing perception in Europe that the PA is “an indispensable partner for any future diplomatic settlement – and that its collapse could destabilize the West Bank and undermine broader regional interests.”

As previously exposed by The Jerusalem Post, European funds are often put into Palestinian banks that are suspected of facilitating pay-for-slay payments.

The European Investment Bank (EIB) and the European Commission announced in June plans to inject the Palestinian economy with a €395m. investment. Though the funds are designed to bypass the PA, they will be channeled through financial institutions, such as the Bank of Palestine.

That bank has explicitly refused requests from Israel’s Finance Ministry to close 3,400 accounts reportedly used to distribute payments to released terrorists.

Outside of relying on international actors, INSS also noted that the PA has survived by shifting the burden of its deficit onto other economic actors. Wages for civil employees, pensions for the elderly, and payments to suppliers are delayed, paid in part, or never settled. Palestinian banks have also kept open a line of credit for the government.

In both 2024 and 2025, PA public sector employees received only around 70% of the salaries owed to them, with the unpaid balance recorded as future debt.

While this strategy has enabled the PA to continue functioning in the short term, the accumulating burden will erode its ability to provide public services.

This post was originally published on here. 

A veteran-owned tea and coffee company that started in a Georgia dining room is working to create jobs for former service members while building a brand rooted in American history and values.

Iraq War veteran Roger Owens founded Star Spangled Tea & Coffee Co. with his wife, Aimee Owens, during the COVID-19 pandemic. The idea came after Roger Owens, a longtime coffee drinker, developed a taste for tea.

“My son and my wife got me drinking tea, and I was really not a tea drinker, I was more of a coffee guy,” Roger Owens told FOX Business.

After discovering hibiscus tea, the couple searched online for an American-themed and veteran-owned tea company. They came up empty-handed.

VETERANS ARE USING THIS HOMEBUYING BENEFIT MORE OFTEN — BUT MANY STILL DON’T KNOW IT EXISTS

“We kind of looked at each other and decided to start our own,” he said.

The Columbus, Georgia-based company launched nearly four years ago and initially operated from the couple’s dining room.

“We didn’t know anything about tea to begin with,” Roger Owens said. “… Trying to start a business during COVID was not easy.”

Star Spangled Tea & Coffee now sells premium coffee and loose-leaf teas inspired by American history, landmarks and regional flavors.

Its products include blends featuring Georgia peaches and Florida key limes, along with teas and coffees tied to national parks and historic sites.

According to the company’s website, its products are sold at museums, presidential libraries, state parks, historic destinations and specialty retailers. 

USAA, ARMED SERVICES YMCA LAUNCH CHILDCARE PROGRAM AHEAD OF MILITARY SPOUSE APPRECIATION DAY

It also ships nationwide, including to Alaska, Hawaii and military addresses overseas.

Roger Owens said the business places a strong emphasis on hiring veterans and helping them regain the sense of teamwork and purpose they may have lost after leaving the military.

“You’re used to being [part of] a team and then when you get out of the military, you’re alone other than your family, and it’s like somebody pulled the carpet out from under you,” Roger Owens said.

“We want veterans to find more than just a job,” he added. “We’re looking for them to find purpose.”

The company expanded into coffee last year after repeated requests from customers.

It has also developed several patriotic products through its work with Freedom 250, including a “Great American Road Trip” light-roast coffee blend linked to the celebration of America’s 250th anniversary. 

LAS VEGAS VETERAN PUSHES BACK AFTER HOA REPORTEDLY TARGETED FRONT YARD HYDRANT DISPLAY: ‘THE LAST STRAW’

Other products include a cherry blossom-inspired White House blend and a history-inspired Liberty Tea.

Roger Owens said the company’s long-term vision extends beyond selling tea and coffee.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“We’re not just building another coffee company,” he said. “We’re building America’s next destination brand.”

He hopes to open stores across the country where customers can gather over tea or coffee and “celebrate what unites us.” The company is seeking investors and strategic partners to help open locations, expand its product line and hire more veterans.

“We didn’t want politics involved in this, we wanted it to be for all Americans,” Roger Owens said.

This post was originally published here. 

Syria and Israel are working to reach a security agreement with the aid of several countries, Syrian President Ahmed Al-Sharaa told Al Jazeera on Sunday. 

He added that he hopes the agreement could serve as a gateway to comprehensive peace without undermining Syria’s claim to the Golan Heights. 

United Nations Secretary-General António Guterres stated that the UN recognizes the Golan Heights as part of Syria during a visit on Sunday.

Sharaa emphasized that Syria has no interest in becoming involved in any conflict with Israel. 

Syria's President Ahmed al-Sharaa (R) and Syrian officials receive UN Secretary-General Antonio Guterres (2nd R) at the People's Palace in Damascus on July 25, 2026. (credit: Bakr ALKASEM / AFP via Getty Images)

Syria will not intervene militarily in Lebanon, al-Sharaa says

Additionally, Syria has no intention of intervening militarily in Lebanon, although Syria is discussing ways to help overcome the crisis there with the Lebanese government. 

Any comprehensive solution to the crisis in Lebanon must address more than just a security aspect, Sharaa said, warning that chaos in Lebanon would have a direct impact on Syria. 

Al-Sharaa expressed Syria’s support for placing all weapons as well as decisions on war and peace under the authority of the Lebanese state. 

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New York — A report from the manufacturing industry’s largest trade association credits the Working Families Tax Cuts with protecting 564,000 manufacturing jobs across New York, New Jersey and Connecticut, and with preserving roughly $110 billion in economic output across the three states.

The figures come from the National Association of Manufacturers, which released a state-by-state analysis marking one year since the law was signed. The White House circulated the findings on July 21.

Broken out, the report attributes 337,000 protected jobs, $66 billion in preserved GDP and $32 billion in wages to New York; 162,000 jobs, $32 billion and $15 billion to New Jersey; and 65,000 jobs, $12 billion and $6 billion to Connecticut. Nationally, the association puts the totals at nearly six million jobs sustained, more than $1 trillion in economic output preserved and $540 billion in wages safeguarded.

The language matters more than the size of the numbers, and business readers should understand what is being measured. Every figure in the report describes jobs and output protected, preserved or saved — not created or added. These are counterfactual estimates: the association’s modeling of what the manufacturing sector would have stood to lose had the underlying tax provisions lapsed, rather than a count of new positions that appeared over the past year. A claim of 337,000 jobs protected in New York is a different claim from 337,000 jobs added, and the report does not assert the latter.

The provisions the association credits are specific and consequential for capital-intensive businesses. The law allows full expensing for equipment and machinery, immediate expensing of research and development costs, and full deductions for new and expanded factory construction, alongside incentives for domestic production.

For regional manufacturers, full expensing is the provision with the most direct operational effect. It permits a company to deduct the entire cost of qualifying equipment in the year of purchase rather than depreciating it across several years, which improves near-term cash flow and shortens the payback calculation on machinery purchases. For a mid-sized New Jersey fabricator weighing a press or a CNC investment, that changes the arithmetic on whether to buy this year or defer.

Immediate R&D expensing works similarly for firms with engineering and product development functions, reversing the prior requirement to amortize those costs over multiple years — a change that had been a persistent complaint among smaller technology-adjacent manufacturers in Connecticut and the Hudson Valley.

Readers should also weigh the source. The National Association of Manufacturers is the sector’s principal lobbying organization in Washington and advocated for these provisions before their enactment. That does not invalidate its modeling, but the report is an advocacy document produced by an interested party, not an independent government assessment. Its estimates have not been evaluated by the Congressional Budget Office, the Joint Committee on Taxation or an academic reviewer, and no such review is cited.

The timing also carries a purpose. The report was released as a one-year anniversary product, and the White House distributed it alongside other economic messaging in a week that included a near-record low in jobless claims and an expansion of its data center ratepayer commitments. Read as advocacy rather than as measurement, it is a well-constructed argument for provisions the manufacturing sector wants preserved.

What regional business owners can take from it practically is narrower than the headline and more useful. The expensing provisions are real, they are in effect now, and they materially change the after-tax cost of capital equipment purchased this year. Firms that have been deferring machinery, tooling or facility expansion decisions should be running those numbers with their accountants against current rules rather than against the depreciation schedules they may still be assuming.

The larger question the report does not answer is durability. Tax provisions of this kind are frequently written with sunset dates, and capital planning horizons for manufacturing equipment often run longer than the political cycle that produced them. Companies making multi-year commitments on the strength of current expensing treatment should confirm the applicable expiration dates rather than assuming permanence.

Manufacturing employment in the tri-state region has been in long-term structural decline for decades, driven by factors — land costs, labor costs, proximity to alternative production geographies — that a federal expensing provision does not reverse. The report’s own framing implicitly concedes this: it argues the law prevented losses, not that it produced growth.

JBizNews Desk | New York

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Toronto Police are investigating suspected antisemitic attacks on Jewish businesses after shattered windows were discovered Sunday morning at two locations of the Jewish-owned Kiva’s Bagel Bar chain.

The damage was discovered when the locations opened Sunday morning and is believed to have occurred overnight between Saturday and Sunday.

At around 8:12 a.m., police received a report that a window had been struck by gunfire at the bakery’s location at Yonge Street and St. Clair Avenue.

Police confirmed that evidence of firearm use was found, including a bullet hole in the business’s front window.

Then at around 8:30 a.m., police were called to another Kiva’s location on Steeles Avenue West near Bathurst Street,  shattered front window was also found there, although police found no evidence of gunfire.

Shattered windows at Kiva’s Bagel Bar after suspected antisemitic attack in Toronto, Canada. July 26, 2026. (credit: SECTION 27A COPYRIGHT ACT)

Both locations belong to the same Jewish-owned chain, which is known as a popular gathering place for Toronto’s Jewish community, particularly on Sunday mornings. No injuries were reported in either incident.

Suspected hate-motivated crimes

Police are treating the incidents as suspected hate-motivated crimes and have increased their presence in the area.

No arrests have been made, and the investigation is ongoing.

A police officer who briefed the media said, “We understand that this is a concerning incident for residents and employees in the area, and especially for members of the Jewish community. All resources are available to us to investigate the case thoroughly.”

Toronto Mayor Olivia Chow strongly condemned the attacks, calling them “vile and unacceptable.”

“There is no place for hate in Toronto. I will always stand with the Jewish community against antisemitism,” she said.

Noah Shack, CEO of the Centre for Israel and Jewish Affairs (CIJA), described the bakery as a “hub” for Jewish families and expressed concern that the incidents could mark an escalation following previous shootings targeting Jewish institutions in the city.

Foreign Minister Gideon Sa’ar also responded to the attacks on Sunday, stating in a post to X/Twitter “I am following with concern the worrying news from Toronto of further attacks against Jewish businesses this morning.”

“While thankfully none were injured, this is the latest attack in a long and horrifying line of violence and intimidation against the Canadian Jewish community.” He added.

“The Canadian government must confront this antisemitic violent wave!”

This post was originally published on here. 

Iran’s Supreme Leader Mojtaba Khamenei called for continued jihadist attacks against Israel, while praising the Lebanese terrorist organization Hezbollah in a series of statements attributed to him on Sunday.

In the statements, which were released in response to a Hezbollah letter pledging allegiance to Iran’s Islamic Republic, Khamenei allegedly asserted that “there remains no path forward except jihad and resistance” against the US and Israel.

He continued to claim that Hezbollah’s steadfast commitment to terrorism has “become an inspiring message” for those in pursuit of “liberation from global arrogance” and “divine victory.”

People attend a gathering to pay tribute to Iran’s late Supreme Leader Ayatollah Ali Khamenei and to show support for Iran’s new Supreme Leader Mojtaba Khamenei, inside the Iranian embassy in Beirut, Lebanon, April 22, 2026.  (credit: REUTERS/MARKO DJURICA)

Defense of Hezbollah is Iran’s ‘strategic mandate,’ Khamenei says

Khamenei was also quoted as stating that, in line with policy set by Khamenei’s father and previous supreme leader Ayatollah Ali Khamenei, the defense of Hezbollah is Iran’s “strategic mandate.” 

He also allegedly asserted that Iran’s primary condition for reaching a peace agreement with the US is the halting of all Israeli operations against Hezbollah in southern Lebanon.

Khamenei also lamented the killing of former Hezbollah leader Hassan Nasrallah, who was killed by Israeli strikes in 2024. He described Nasrallah as “Hezbollah’s master of martyrs,” crediting him with growing Hezbollah from a “sapling of Islamic resistance into a mighty tree.”

This post was originally published on here. 

Vivian Aisen will serve as Israel’s next ambassador to Colombia following the government’s unanimous approval of her appointment, the Foreign Ministry announced on Sunday.

Aisen, who previously served as ambassador to Macedonia, was appointed as part of Foreign Minister Gideon Sa’ar’s efforts to renew and restore relations between Israel and Colombia amid warming ties between Israel and Latin American countries.

Aisen also previously headed the Foreign Ministry’s Central America Department and served at Israel’s embassies in London and Chile, as well as at its missions in Brussels and to the European Union.

“We are living through a very special moment in the relations between our two countries. I am convinced that we will work together for the prosperity of our nations and the well-being of our peoples,” said Aisen in an X/Twitter post, adding that she is “eager and excited at the prospect of soon assuming my duties and representing Israel in Colombia.”

The Israeli and Columbian flags swirling together in unity, with a dove representing goodwill, posted by Ambassador Aisen. (credit: Screenshot/X/Vivian Aisen)

Fully restoring diplomatic relations after severed ties over Gaza

Sa’ar spoke with Colombian president-elect Abelardo de la Espriella and met with Omar Bula Escobar, Colombia’s designated foreign minister, to discuss on the new direction in bilateral relations on July 16.

Colombian President Gustavo Petro severed diplomatic ties with Israel in May 2024 over Israel’s military operations in Gaza.

Israel and Colombia are expected to fully restore diplomatic relations following the inauguration of Colombia’s new president on August 7. The process will include the immediate appointment of ambassadors, the opening of a Colombian embassy in Jerusalem, and a series of additional joint initiatives.

Late last month, lawmakers from Latin American countries signed a resolution supporting the expansion of the Isaac Accords and calling for greater regional cooperation with Israel. The resolution also renewed efforts to encourage additional Latin American countries to move their embassies to Jerusalem.

Representatives from Brazil, Argentina, Venezuela, Ecuador, Colombia, Honduras, Chile, Costa Rica, Guatemala, Paraguay, Uruguay, Bolivia, and Panama participated in the Latin America Chairmen’s Conference in Buenos Aires.

The Foreign Ministry also announced the appointment of Nissan Amdur, who was selected to serve as Israel’s ambassador to Croatia, as the country’s nonresident ambassador to North Macedonia, replacing Aisen.

The appointments were approved by the Ministerial Committee for Appointments in the Foreign Service, chaired by Sa’ar, before receiving final government approval.

Jerusalem Post staff contributed to this report.

This post was originally published on here. 


Crude has given up a large piece of its war premium in a single Sunday session. Brent traded down to $90.95 a barrel on July 26, a drop of 7.56% from the prior session, though the benchmark remains up roughly 23% over the past month and 31% against the same point last year.

The move came after a second consecutive day without hostilities between Washington and Tehran. U.S. strikes relented for the first time in two weeks, ending a run of nightly airstrikes at 13 days. Reports Sunday indicated neither side had launched attacks for a second day running, following two weeks of nightly American strikes on Iran and Iranian retaliation against U.S. allies across the Gulf.

That is a sharper reaction than Friday produced. The September WTI contract closed Friday down $2.88, or 3.12%, while September Brent slipped back toward $97 after touching a two-month high of $102 on Thursday. Friday’s decline followed reports that Pakistan, with support from Beijing, was working to revive negotiations, and crude still finished that week up around 10%. Sunday’s session took the next leg down, and it did so on evidence rather than reports.

The administration is calling it deliberate

Mike Waltz, the U.S. ambassador to the United Nations, said Sunday on NBC’s “Meet the Press” that President Trump is giving negotiations room to develop, and that talks are underway at every level from technical staff up to the most senior. In a separate Fox News appearance, Waltz said diplomatic activity had intensified over the past several days, while repeating the president’s warning that the U.S. military remains “locked and loaded” with all options on the table.

Traders are not buying peace. They are pricing the absence of bombs for 48 hours, which is a different and much smaller thing.

What has not changed

The structural constraint on supply is fully intact. The U.S. military said Saturday that its naval blockade against Iran remains in full effect, and offered no explanation for halting the streak of escalating strikes. The Strait of Hormuz stays under Iranian blockade, and Tehran continues to assert control over passage through it. Iranian media reported that an oil tanker exploded after striking a mine in the strait, having departed the Iranian-approved route, according to the Tasnim news agency.

The conflict is also spreading into the workaround. Iran-aligned Houthi forces said they fired missiles and drones Saturday at facilities linked to Saudi Aramco in the port towns of Jizan and Yanbu, with no immediate confirmation from the Saudi government or the company. Yanbu is Saudi Arabia’s main Red Sea oil port and has become a key outlet for Saudi crude routing around Hormuz. Iran separately accused Ukraine of targeting one of its vessels in the Caspian Sea.

So the market is netting two opposing signals: a pause in the strikes that closed 13 nights of escalation, against an expanding threat to the one export corridor Gulf producers had been leaning on. The pause won today by a wide margin.

The cost side for American business

For importers, manufacturers, and freight buyers, a seven-percent Sunday move does not reset anything already contracted. Diesel, jet fuel, marine bunker rates, and war-risk insurance premiums for Gulf and Red Sea transits were repriced during the July run-up and will lag any relief by weeks. Rerouted cargo still burns extra fuel and extra days regardless of where Brent settles tonight.

Companies that hedged at the highs are now watching whether this is a genuine turn or another head fake. There is recent precedent for the latter. A memorandum of understanding announced by mediators on June 14 was meant to end the conflict within 60 days, but fighting resumed in July after Iran struck three commercial vessels that had bypassed its preapproved route. By July 7, with U.S. strikes intensifying, Trump said he considered the truce over.

This week

The war hits its five-month mark Tuesday. Israeli Prime Minister Benjamin Netanyahu is due in Washington to meet Trump in the coming week, which adds a variable to whether the pause survives. The president has dismissed suggestions that higher pump prices tied to the fighting could hurt Republicans in November’s midterms.

Monday’s open will show whether the Sunday move holds or gets faded. Twice this year the market has priced an ending that did not arrive.

JBizNews Desk | New York

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