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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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The post As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now appeared first on Jewish Telegraphic Agency.
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Over 300 rabbis and Jewish leaders call for removal of UN official who denied Oct. 7 rapes
(JTA) — Over 300 Jewish leaders, including women’s rights advocates and rabbis, urged the United Nations on Tuesday to remove Reem Alsalem, the U.N. rapporteur on violence against women and girls, for denying that rape occurred during Hamas’ Oct. 7, 2023, attack on Israel.
The letter, which was addressed to U.N. secretary-general Antonio Guterres, came two weeks after Alsalem claimed in a post on X that “No independent investigation found that rape took place on the 7th of October.”
In the letter, its signatories express their “horror and outrage” at Alsalem’s rhetoric, and cite two U.N. reports from March 2024 and July 2025 that concluded that there was “reasonable grounds” to believe that sexual violence had taken place during the attacks “in multiple locations, including rape and gang rape.”
The petition was organized by Amy Elman, a professor at Kalamazoo College who has authored books on antisemitism and state responses to sexual violence, and Rafael Medoff, the director of the David S. Wyman Institute for Holocaust Studies. It was shared with the Jewish Telegraphic Agency soon after being sent to Guterres.
“The targeted sexual abuse of Israelis by Hamas and its supporters is one weapon in the arsenal of those seeking Israel’s obliteration,” Elman said in a statement. “It’s outrageous that deniers such as Reem Alsalem are aiding and abetting the sexual violence by claiming it never happened. These apologists should be ashamed of themselves.”
The letter’s signatories include Deborah Lipstadt, the former antisemitism envoy; Judith Rosenbaum, the head of the Jewish Women’s Archives; Rabbi Irving Greenberg, the former chairman of the U.S. Holocaust Memorial Museum; Rabbi Deborah Waxman, the president of Reconstructing Judaism; and Hebrew College president Rabbi Sharon Cohen Anisfeld.
Dispute over whether sexual violence took place as Hamas murdered about 1,200 people in Israel on Oct. 7 has solidified as a point of sustained interest for some of Israel’s staunchest critics who allege that Israel and its supporters are using claims of rape as propaganda. Even the United Nations, frequently maligned by Israel and its supporters over its record toward Israel, has drawn allegations of complicity in the propaganda campaign from pro-Palestinian voices — though the U.N. rapporteur on Palestinian rights, Francesca Albanese, who has faced her own calls for dismissal from the Trump administration, has also publicly questioned the claims.
In addition to the U.N. reports, independent reporting and research by an Israeli nonprofit have validated claims of sexual violence on Oct. 7.
In the X exchange that spurred the new letter, Alsalem was arguing with another user about the Israeli government’s prosecution of soldiers accused of abusing a Palestinian detainee.
A day later, Alsalem posted a link to a Substack podcast from October where she criticized the credibility of the March 2024 U.N. report and said she had sought contact with the Israeli government to confirm its findings but had not received a response.
“The media, certain organizations and the world basically fell into the trap that Israel set up, which is to project that there was barbaric sexual violence being committed by these barbarian Palestinian men, and it was spun around and disseminated and very much used in order to then justify the genocide,” said Alsalem on the podcast.
Medoff said in a statement that Alsalem’s continued employment reflected inconsistent standards when it comes to Israel and antisemitism.
“If a UN official made such a remark concerning rape victims from any other ethnic or religious group, there would be an international uproar,” he said. “The same standard should apply to Israeli Jewish women who were sexually assaulted by Hamas terrorists.”
The post Over 300 rabbis and Jewish leaders call for removal of UN official who denied Oct. 7 rapes appeared first on The Forward.
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Rome synagogue memorial for 2-year-old killed in 1982 Palestinian terror attack vandalized
(JTA) — A synagogue in Rome and a memorial for a 2-year-old boy killed in a 1982 attack by Palestinian terrorists on the city’s Great Synagogue were vandalized on Monday by unknown individuals.
The plaque dedicated to Stefano Gaj Taché, who was killed in the attack that also left 37 injured, is located on the Monteverde synagogue, also known as the Beth Michael Synagogue, in Rome.
The unknown vandals spray painted black on the memorial, and also wrote “Free Palestine” and “Monteverde anti-Zionist and anti-fascist” on the facade of the synagogue, according to the Italian newspaper Corriere della Sera.
The vandalism was condemned by Victor Fadlun, the president of the Jewish Community of Rome, who said in a post on Instagram that the incident came amid a “a climate of intimidation” where antisemitism has “become a tool of political protest.”
“We place our trust in the police and call for the government’s strong intervention to halt this spiral of hatred,” Fadlun continued.
The incident comes amid a recent series of antisemitic vandalism in Rome, an epicenter of pro-Palestinian activism that has continued to see large demonstrations even after the ceasefire in the Israel-Hamas war in Gaza.
In October, the words “Dirty Jews, may you all burn” were spray-painted on the shutters of a kosher bakery, and in June a sign at another local synagogue was defaced with the words “Sieg Heil” and ”Juden Raus.”
“This is an act that outrages the Jewish community and deeply wounds it, because the plaque is dedicated to a child murdered by Palestinian terrorism and because this is a meeting place where young people and children meet, where they pray and create a sense of community,” Fadlun told Corriere della Sera. “Attacking the synagogue in this way means disavowing and violating the right of Jews to be able to come together and lead a normal life.”
In a subsequent post on Instagram, Fadlun said Italian President Sergio Mattarella had spoken to him over the phone to express his “solidarity” in relation to the synagogue vandalism.
Antonio Tajani, the Italian minister of foreign affairs, also condemned the vandalism in a post on X, adding that he has called Fadlun as well.
The European Jewish Congress also condemned the vandalism in a post on X. “This is not ‘anti-Zionism.’ It is antisemitism: the targeting of Jewish memory, Jewish mourning and Jewish history,” the group said. “Stefano’s name is a symbol of one of Italy’s darkest terror attacks. His memory should be protected, not desecrated. We stand in solidarity with the Jewish community of Italy and call on authorities to investigate this hate crime and ensure that such acts are treated with the seriousness they deserve.”
The post Rome synagogue memorial for 2-year-old killed in 1982 Palestinian terror attack vandalized appeared first on The Forward.
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Danny Wolf will see you now
When the Brooklyn Nets drafted Danny Wolf this summer out of the University of Michigan, scouts said they were getting a versatile big man who could get buckets, create for his teammates and rebound.
But the last few days of NBA action have shown the Jewish seven-footer picking up a surprising new habit: putting his opponents on posters.
After scuffling through the first two months of the season with a bum ankle, Wolf announced his arrival Saturday with a thundering jam on the Milwaukee Bucks’ Kyle Kuzma, for two of the forward’s career-best 22 points.
He claimed his next victim, in a 10-point, 7-rebound outing two days later, driving from the top of the arc before leaping off his left foot and dropping the hammer on the Charlotte Hornets’ Miles Bridges:
“That may get two howls!” Nets play-by-play announcer Ryan Ruocco cried.
Early returns have been limited since the Brooklyn Nets grabbed Israeli point guard Ben Saraf and Wolf with the 26th and 27th picks this summer. The learning curve for young floor generals is notoriously steep, and Saraf — who wears the number 77 to represent the Hebrew word mazal, meaning good fortune — has struggled to stay in the playing rotation.
But Wolf, an American-Israeli who was bar mitzvahed in Israel, is finding his footing — at least when he’s not taking off for a dunk. He dropped in five high-arcing three pointers against the Bucks, eliciting excited howls from Nets color commentator Sarah Kustok; before the Charlotte game, he apparently told teammates he was going to posterize somebody.
“I was kinda saying that as a joke,” he said, “but looking at it as an opportunity, and just trying to attack the rim, I did it, with rewards.”
“He manifested it,” said teammate Nic Claxton.
Let’s enjoy one more picture of Claxton and Wolf:
And here’s a Danny Wolf meme for good measure, courtesy of the Nets social media.
The post Danny Wolf will see you now appeared first on The Forward.