Uncategorized
American patron of Israeli archaeology becomes focus of New York’s antiquities trafficking unit
(JTA) – The crusading New York prosecutor who has been exposing illicit trafficking in the antiquities market through a succession of high-profile raids has zeroed in on his next big target: the private collection of Shelby White, the widow of a Wall Street legend and philanthropist known for donating to Jewish museums in New York and to the Israeli government agency charged with policing the antiquities trade.
As a result of the ongoing investigation into looted artifacts by Manhattan Assistant District Attorney Matthew Bogdanos, White has already relinquished at least two dozen items worth at least $20 million, according to reporting by New York magazine. Some of those artifacts have been returned to Italy and Turkey in recent months.
A request for comment submitted to a charity headed by White received no reply. Manhattan District Attorney Alvin L. Bragg, Jr. thanked White in a Feb. 3 press release for cooperation with investigators.
The focus on White comes after Bogdanos’ Antiquities Trafficking Unit reached an unprecedented deal in December 2021 with another prominent antiquities collector and donor to Jewish causes. Michael Steinhardt, the former investor who founded Birthright Israel, surrendered 180 artifacts, including some that were stolen from Israel, and committed to never buying antiquities again in an agreement that spared him from possible criminal charges.
White serves as chair of an American charity called the Friends of the Israel Antiquities Authority. The charity funnels tax-exempt donations to an Israeli government office and law enforcement agency that sponsors archeological excavations and regulates the buying and selling of antiquities.
White has donated directly to the Israel Antiquities Authority through her family’s charity, the Leon Levy Foundation, which is named in honor of her late husband, a pioneer of mutual funds. Last June, the authority unveiled the Shelby White & Leon Levy Lod Mosaic Archaeological Center near Israel’s Ben Gurion Airport.
Many Jewish cultural institutions in New York have benefited from White’s donations. She is a director of the Center for Jewish History, which thanked her in 2010 for an $860,000 gift that has helped with the preservation of archival materials. Her foundation’s website also lists as grantees the Jewish Museum, the Tenement Museum on the Lower East Side and a program dedicated to Jewish material culture at the Bard Graduate Center.
Since the Manhattan district attorney’s office put him at the head of a newly created antiquities trafficking unit in 2010, Bogdanos has upended the market for archaeological artifacts. Using a previously obscure New York law, he convinced the courts to regard the possession of stolen antiquities as potentially criminal, even if a collector had legally purchased the looted item in question. Since many of the antiquities that have entered the United States are believed to have been looted at one point in time, this legal precedent has jeopardized the status of many if not all major collections held in museums and by private individuals.
—
The post American patron of Israeli archaeology becomes focus of New York’s antiquities trafficking unit appeared first on Jewish Telegraphic Agency.
Uncategorized
Dollar Struggles to Rebound as Fragile US-Iran Ceasefire Keeps Markets Wary
U.S. $100 bills. Photo: Wikimedia Commons.
A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the US and Iran would hold, a day after its announcement sent the dollar tumbling across the board.
The deal appeared to be on thin ice, as Israel bombed more targets in Lebanon, and there was no sign Iran had lifted its blockade of the Strait of Hormuz, which has caused the worst disruption to global energy supplies in history.
Iranian negotiators were expected to set off later on Thursday for Pakistan for the first peace talks of the war, but Tehran said there would be no deal as long as Israel was striking Lebanon.
President Donald Trump said all US ships, aircraft, and military personnel would stay in place in and around Iran until it fully complied with a deal.
The uncertainty left currency markets on edge.
The euro was up 0.17 percent at $1.1683. It had gained 0.6 percent on Wednesday, but retreated late in the day having touched a one-month high of $1.1721 earlier in the session.
Sterling similarly was 0.21 percent higher at $1.342, after gaining 0.77 percent on Wednesday, but retreating from as high as $1.348.
Meanwhile, the Japanese yen lost some ground, with the dollar up 0.3 percent at 159.055 yen, having briefly dropped below 158 on Wednesday.
With the Strait of Hormuz closed, “the entire ceasefire remains tenuous,” said Derek Halpenny, head of research global markets EMEA at MUFG. But, he added, “while the US dollar has rebounded, the moves in general have been modest.”
He said the fact that further talks scheduled in Pakistan were still going ahead was keeping any retracement of Wednesday’s moves in check.
Elsewhere, new personal spending data released on Thursday showed that US inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.
The personal consumption expenditures price index climbed 0.4% after an unrevised 0.3 gain in January, the Commerce Department’s Bureau of Economic Analysis said on Thursday.
Japan’s consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to a recent string of data pointing to the potential economic hit from the Middle East war, which would complicate the Bank of Japan’s rate-hike decision. The yen showed little reaction to the data.
Speaking in parliament, BOJ Governor Kazuo Ueda said real interest rates were clearly negative and were keeping the country’s financial conditions accommodative.
Other currencies were also broadly steady. The Australian dollar was 0.15 percent higher at $0.7054, while the New Zealand dollar was 0.46 percent higher at $0.585. In cryptocurrencies, bitcoin was last down 0.97 percent at $70,680.
Uncategorized
Opposition Leader Lapid Calls the Ceasefire with Iran a ‘Political Disaster’
FILE PHOTO: Israeli opposition leader Yair Lapid delivers a statement at the Knesset, Israel’s parliament,, in Jerusalem, February 13, 2023. REUTERS/Amir Cohen/File Photo
i24 News – Israeli opposition leader Yair Lapid on Wednesday launched a sharp attack on the ceasefire agreement reached between the United States and Iran, calling it a “political disaster” and directly blaming Prime Minister Benjamin Netanyahu.
In a post on X, Lapid said the agreement sidelined Israel from critical decisions affecting its national security. “Never in our entire history have we experienced such a diplomatic disaster,” he wrote, adding that “Israel wasn’t even at the table when decisions were made regarding the core of our security.”
Lapid accused Netanyahu of failing to translate military achievements into strategic gains, despite praising the performance of the Israeli military and the resilience of the public during the conflict. “The army has accomplished everything that was asked of it, and the citizens have shown remarkable strength,” he said.
However, he argued that those efforts were not matched by political leadership. “Netanyahu has failed politically, failed strategically, and has not achieved any of the goals he set for himself,” Lapid added.
The opposition leader also warned of long-term consequences stemming from the agreement, saying the fallout could take years to repair. He criticized the government’s handling of the crisis, citing what he described as “arrogance, negligence, and a lack of strategic vision.”
Uncategorized
A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday.
Iranian officials have raised the idea of charging a toll for using the Strait after a two-week ceasefire between the United States and Tehran was agreed this week.
“There is no international agreement where tolls can be introduced for transiting international straits. Any such toll will set a dangerous precedent,” a spokesperson with the UN’s International Maritime Organization said.
IMO countries adopted the UN Convention on the Law of the Seas, or UNCLOS, which outlines the rules that govern straits used for international navigation.
“According to UNCLOS, ships enjoy the right of transit passage through international straits. States bordering straits shall not hamper that right or suspend the transit passage,” the IMO spokesperson said.