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As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
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Musician-ethnographer Michael Alpert to receive Dreaming in Yiddish Award
Michael Alpert, an influential klezmer musician and ethnographer who has played a key role in the global renaissance of Yiddish music and culture, has been selected as this year’s recipient of the prestigious Adrienne Cooper Dreaming in Yiddish Award.
The ceremony will take place at the Dreaming in Yiddish Award Concert during the Yiddish New York festival — the largest annual Yiddish culture festival in the world — in December.
Now in its eleventh year, the hybrid festival brings together a global community for in-person events at Hebrew Union College in downtown New York, as well as online programming via Zoom. The festival includes concerts, workshops, lectures, films, Yiddish classes, dance parties and intergenerational community events.
Adrienne Cooper was a popular Yiddish singer, musician and activist who was integral to the revival of klezmer music. The Dreaming in Yiddish Award supports artists who have contributed to the contemporary Yiddish cultural scene.
Michael Alpert, also known by his Yiddish name Meyshke, received an NEA National Heritage Fellowship — the nation’s highest honor in the traditional and heritage arts — in 2015. He has been a pioneering singer, multi-instrumentalist, ethnographer and educator for over five decades. His award-winning work with ensembles including Brave Old World, Kapelye, Khevrisa and Itzhak Perlman’s In the Fiddler’s House has shaped generations of performers and listeners alike.
A native Yiddish speaker and cultural bridge between East European-born tradition bearers and contemporary artists, Alpert is celebrated both for preserving the roots of Yiddish folk and klezmer music and for composing a new body of Yiddish songs that speak to today’s world.
The Dreaming in Yiddish Award Concert — an evening of music, memories, and celebration — is sponsored by Yiddish New York and GOH Productions. It will take place on Wednesday, Dec. 24, 2025 at 7 p.m. ET at Hebrew Union College and will be livestreamed as well.
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A new documentary humanizes Israeli soldiers. It also alleges war crimes.
“It feels like a betrayal to be interviewed by foreign media,” an IDF combat veteran says. He’s out of uniform, brow furrowed, plucking nervously at his goatee. His name is Yuval Ben-Ari, and he is here — on camera, using his real name — telling us what he saw in Gaza.
Ben-Ari, who served in an infantry unit, is one of nearly a dozen soldiers who appear in Breaking Ranks: Inside Israel’s War, a new documentary from indie production company Zandland which streamed in the U.K. and can be viewed on YouTube. Four of the speakers appear on camera, identified by their real names; the rest are disguised and use aliases. Taken together, their testimonies are a scathing indictment of what Israeli Prime Minister Benjamin Netanyahu has called the “world’s most moral army.”
If their stories are true — and nearly everything the soldiers say has already been corroborated by other media reports — they are describing war crimes as the rule in Gaza, not the exception. Unarmed civilians are shot or bombed as a matter of course. Homes are torched without cause. Humanitarian aid sites are shelled out of sheer resentment. The people telling us this — young men and women who served hundreds of days in the territory over the past two years — are still reckoning with their role in the destruction.
Breaking Ranks is not the first documentary to be made about the war in Gaza, and it will not be the last. But it may be the only one to focus on the targeting of innocent Palestinians while also humanizing Israeli soldiers. The soldiers outline their belief in the IDF and the importance of the mission in Gaza. The film contextualizes the war, showing footage of the atrocities of Oct. 7 and noting that Hamas leaders, too, have been charged with war crimes in international courts. Palestinian casualty figures are provided, the film notes, by the “Hamas-run Gaza health ministry”; the tunnel network, it explains, is used for smuggling and warfare. It does not avoid discussing the 251 Israeli hostages.
Those elements ultimately strengthen the film’s argument about how the war was conducted. They do not, however, soften the accounts that follow. The picture that emerges is one of lawlessness and cruelty, coupled with a tolerance for collateral damage and a lack of accountability that runs counter to the IDF’s “Purity of Arms” statute. Yet that portrait also shows the rank-and-file — not all, but some — resisting the practices of their superiors.
A tank commander (“Daniel,” an alias) recounts a time his commander informed troops he planned to destroy a humanitarian aid building. The unit warned him the building was off-limits, but the commander shelled it anyway. Then — according to the soldier — the commander made up an excuse to justify the attack: “I had an anti-tank weapon pointed at me.”
A member of a different unit tells a similar story: When a man hanging laundry on the roof of a building is deemed a “spotter,” a commander shells the structure, killing and injuring many people inside. “This kind of thing happened every week,” says the soldier telling us this story. “And that’s just my unit.”
A platoon sergeant, using the alias “Yaakov,” tells how a pair of Palestinian teenage boys came to be his unit’s human shields, sent down into Gaza’s tunnels as scouts. The unit’s objections eventually won out — they cited international law — but Yaakov insists the IDF has a policy sanctioning the practice called “Mosquito Protocol.” (The Associated Press published an investigative report on the practice earlier this year; the IDF denies that it uses human shields.)
“I carried out these things,” says Yaakov. “I hope I can find a way to live without feeling shame with every step I take.”
One soldier says his unit once reported killing 112 people over the course of a deployment. Only one of the 112, he said, was even suspected of holding a weapon.

Not all of the soldiers recalling their enlistment in Breaking Ranks regret their participation. We meet Rabbi Avraham Zarbiv, who claims to have invented the tactic of razing entire Gaza neighborhoods, block by block, with a bulldozer. Another, given the alias “Lt. Col. F.,” says he would have happily pushed every Palestinian in Gaza into the ocean, given them snorkels and “let them swim to Egypt.”
Their hawkishness puts the defiance and disillusionment of soldiers like Yaakov in stark relief. And it raises questions as to why the IDF — which says it has launched dozens of Military Police investigations into alleged misconduct by soldiers — has not found more wrongdoing.
Ben-Ari, who admits that after Oct. 7 he was “consumed by rage and a desire to fight and avenge,” has since become a peace activist; he was injured last week in the West Bank, attacked by Israeli settlers, while accompanying Palestinians during the annual olive harvest.
He vows to never return to Gaza. But Ben-Ari will not quit the IDF entirely, either. Toward the end of the film, he says he would answer a call to protect Israel’s other borders because that is what he is trained to do, and because he still believes it’s necessary.
“This separation works for me,” he says. “I totally understand if people would say I’m a hypocrite, but this is my decision.”
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AI has a reputation for amplifying hate. A new study finds it can weaken antisemitism, too.
(JTA) — Every day, it can seem, brings a fresh headline about how AI chatbots are spreading hateful ideas. But researchers tasked with understanding antisemitism and how it can be stopped say they have found evidence that AI chatbots can actually fight hate.
Researchers affiliated with the Anti-Defamation League’s Center for Antisemitism Research trained a large-language model, or LLM, on countering antisemitic conspiracy theories, then invited people who subscribed to at least one of those theories to interact with it.
The result, according to a study released on Wednesday: The users soon believed in the antisemitic theories less, while at the same time feeling more favorable about Jews as a group. And the effects were still strong a month later, even without further engagement with the LLM.
The researchers are hailing the finding as a breakthrough in the quest for identifying actionable strategies in the fight against Jew-hatred.
“What’s remarkable about these findings is that factual debunking works even for conspiracy theories with deep historical roots and strong connections to identity and prejudice,” David Rand, a Cornell University professor who was the study’s senior author, said in a statement.
“Our artificial intelligence debunker bot typically doesn’t rely on emotional appeals, empathy-building exercises, or anti-bias tactics to correct false beliefs,” Rand continued, referring to practices frequently employed by advocates seeking to fight antisemitism, including at the ADL. “It mostly provides accurate information and evidence-based counterarguments, demonstrating that facts still matter in changing minds.”
Matt Williams, who has headed the Center for Antisemitism Research since its founding three years ago, says the study builds on a growing body of research that views contemporary antisemitism as primarily a misinformation problem, rather than a civil rights problem.
“We need to think about antisemitism less like feelings about Jews, and more like feelings about Bigfoot,” he said in an interview. “And what I mean by that is, it’s not ‘Jews’ that are the problem. It is ‘the Jew’ as a function of conspiracy theory that is the problem. And the relationship between ‘Jews’ and ‘the Jew’ in that context is far more tenuous than we might want to think.”
Calling conspiracy theories “malfunctions in the ways that we make truth out of the world,” Williams said the study showed something remarkable. “People can correct those malfunctions,” he said. “They really can, which is super exciting and really impactful.”
The study emerges from the ADL’s relatively new effort to come-up with evidence-based ways to reduce antisemitism, working with dozens of researchers across a slew of institutions to design and carry out experiments aimed at turning a robust advocacy space into less of a guessing game.
The new experiment, conducted earlier this year, involved more than 1,200 people who said on a previous ADL survey that they believed at least one of six prominent antisemitic conspiracy theories, such as that Jews control the media or the “Great Replacement” theory about Jewish involvement in immigration.
The people then were randomly assigned three different scenarios: A third chatted with an LLM programmed by the researchers to debunk such theories, built within Microsoft’s Claude AI model; another third chatted with Claude about an unrelated topic; and the final third were simply told that their belief represented a “dangerous” conspiracy theory. Then they were all tested again about their beliefs.
Members of the group that chatted with what the researchers are calling DebunkBot were far more likely than members of the other groups to have their beliefs weakened, the researchers found.
DebunkBot was hardly a panacea for antisemitism: The study found that those who believed in more antisemitic conspiracy theories experienced less change. And Williams notes that the study found only that belief in antisemitic conspiracies was reduced, not rooted out entirely.
But he said any strategy that can cut against what researchers believe has been a widespread explosion of belief in conspiracy theories is a good thing.
The proportion of Americans subscribing to conspiracy theories over the last decade has reached as much as 45%, more than twice the rate that had held steady for 70 to 80 years, Williams said.
“To me, the increase in that level of saturation is far more concerning than any particular conspiracy theory moving through different generations,” he said. “I don’t think that we’re going to ever create a world in which we go under 15% — but going from 45 back to 30 or 25 seems more doable.”
The new study comes as AI models vault into widespread use among Americans, raising concerns about their implications for Jews. When Elon Musk launched a model of his own earlier this year called Grok, it immediately drew criticism for amplifying antisemitism — kicking off a pattern that has played out repeatedly. Soon, the company apologized and said it would train its model to avoid the same behavior in the future. Criticism of Grok is still widespread, but it no longer praises Hitler — though even this week it reportedly told one user that the Nazi gas chambers were not designed for mass killing, prompting an investigation by French authorities.
Chatbot training is seen as essential for delivering high-quality AI results. DebunkBot can be found online on its own website now, but Williams said efforts were underway within the ADL to convince the companies operating major AI platforms to incorporate its expertise.
“There’s far more receptivity than not, by any stretch of the imagination,” he said, while noting that the work was early and he could not share many details.
Whatever happens with that effort, Williams said, the new research demonstrates that combatting what’s sometimes called the world’s oldest hatred is possible.
“AI and LLMs — those are tools, right? And we can use tools for good and for evil,” Williams said. “But the fact that we can subject conspiracy theories to rational conversation and arguments and actually lead to favorable outcomes is itself, I think, relatively innovative, surprising and extraordinarily useful.”
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