RSS
Israel Gains More Billionaires, Breaking Into Top 20 Countries for Ultra-Rich Despite Gaza War
Despite concerns about the Israeli economy amid the ongoing war against Hamas in Gaza, Israel added nine billionaires to its population over the last year, according to a new ranking.
The Hurun Report, a Shanghai- and Mumbai-based research firm, this week released its Global Rich List 2024, a ranking of the billionaires in the world in terms of US dollars. According to the findings, Israel broke into the top 20 countries for the ultra-rich with its new additions over the last year, which bring the Jewish state’s total number of billionaires to 29.
Interestingly, Israel ranked 18th on the list — Chai, the Hebrew word for “life,” is associated with the number 18, which is considered a lucky number in Judaism.
The next highest amount for Middle Eastern countries were Turkey and the United Arab Emirates, ranked 20 and 22, respectively, making the Jewish state the home of the region’s most billionaires.
The richest Israeli was Miriam Adelson, widow of the late Sheldon Adelson, a casino mogul and pro-Israel philanthropist who passed away in 2021. Her net worth was $35 billion, making her the 36th richest person in the world. Members of the Ofer family, real estate and shipping magnates, were also on the list of wealthiest Israelis.
The new ranking came at a time when Israel’s economy, though suffering through a war, has seen some levels of growth. For example, Israeli startups raised nearly $2 billion in the past 90 days, according to Startup Nation Center. Some investors have remarked that the funding activity in the country is the highest they have seen in years.
On the economic level, GDP dropped by nearly 20 percent in the final quarter of 2023, though economists have not warned of any serious recession risks — barring a massive flareup in Israel’s north — due to the fact that historically Israel’s economy has bounced back quickly following wars and disasters. Additionally, the country has a low debt ratio, meaning that the Bank of Israel can issue bonds to print more currency without inflicting serious long-term damage to the economy, experts say.
After Hamas terrorists attacked Israel on Oct. 7 and launched the war in Gaza, hundreds of thousands of Israeli reservists — many of whom were ordinary citizens working civilian jobs — were called to service, putting a strain on the Israeli economy. However, many reservists have come home in recent weeks as Israel has made military gains on the ground.
Topping Hurun’s list was China, which lost 155 billionaires in 2023 but still maintained 814 in the country. Shortly behind was the US with 800. India sat well behind in third place with 271 billionaires.
According to the report, there are in total 3,279 billionaires in the world — 167 more than last year. The research agency attributes the boom in large part to artificial intelligence, which accounted for the work of more than half of the new billionaires.
The post Israel Gains More Billionaires, Breaking Into Top 20 Countries for Ultra-Rich Despite Gaza War first appeared on Algemeiner.com.
RSS
US Shifts One of Two Aircraft Carriers Away From Middle East
One of two US aircraft carrier strike groups deployed to the Middle East in part to deter Iran from carrying out a threatened attack against Israel has departed the region, the Pentagon said on Thursday.
The decision to end the dual-carrier presence came nearly three weeks after US Defense Secretary Lloyd Austin ordered the Theodore Roosevelt carrier strike group to remain in the Middle East, even after the arrival of the Abraham Lincoln aircraft carrier strike group to replace it.
The Roosevelt has now departed the Middle East and is headed to the Asia-Pacific region, Major General Patrick Ryder, a Pentagon spokesperson, told a news briefing.
Austin’s order for the Roosevelt to stay in place came on Aug. 25, as Hezbollah launched hundreds of rockets and drones at Israel and Israel‘s military said it struck Lebanon with around 100 jets to thwart a larger attack, in one of the biggest clashes in more than 10 months of border warfare.
Officials have been concerned that Iran might make also good on its threats to carry out an attack against Israel over the killing of a Hamas leader in Tehran in July.
Ryder played down the idea that the United States was no longer concerned about potential Iranian action and said the decision was based on the Navy’s fleet management.
“Iran has indicated that they want to retaliate against Israel. And so we’re going to continue to take that threat very seriously,” Ryder told reporters at the Pentagon.
Iran has vowed a severe response to the July killing of Hamas leader Ismail Haniyeh, which took place as he visited Tehran and which it blamed on Israel. Israel has neither confirmed or denied its involvement.
US President Joe Biden’s administration has been seeking to limit the fallout from the war in Gaza between Hamas and Israel, now approaching its one-year anniversary. The conflict has leveled huge swathes of Gaza, triggered border clashes between Israel and Lebanon’s Iranian-backed Hezbollah terror group and drawn in Yemen’s Houthis.
“We remain intensely focused on working with regional partners to de-escalate tensions and deterring a wider regional conflict,” Ryder said.
The post US Shifts One of Two Aircraft Carriers Away From Middle East first appeared on Algemeiner.com.
RSS
Toronto police charge three people at UJA event protest—while more cops find themselves assaulted
Protests also occurred at multiple screenings at the Toronto International Film Festival.
The post Toronto police charge three people at UJA event protest—while more cops find themselves assaulted appeared first on The Canadian Jewish News.
RSS
SUNY Purchase President Steps Down Amid Backlash Over Handling of Anti-Israel Protests, Campus Antisemitism
State University of New York (SUNY) Purchase president Milagros Peña will leave office at the end of this academic year, ending a four-year tenure that was derailed by pro-Hamas demonstrations on the campus.
According to The Journal News, Peña announced her “retirement” in a letter to the campus community and further discussed the decision at a convocation event held earlier this month.
“After considerable reflection and discussion about what is best for me and my family, I informed Chancellor [John B. King, Jr.] over the summer that this 2024-2025 academic year will be my last year as president,” Peña wrote, according to excerpts of the letter shared by the local news outlet. “I have mixed emotions about my decision to retire as president after the spring semester, because, though we still face challenges as a community, we have accomplished a great deal together and our shared mission of providing access to a high quality, transformative public education is as important as ever.”
Appointed to office 2020, Peña became a target of far-left faculty last academic year when she authorized the clearing of an illegal “Gaza Solidarity Encampment,” which, the school’s newspaper reported at the time, led to clashes between law enforcement and pro-Hamas students who refused to obey orders to leave the area. An estimated 70 students were arrested, The Phoenix Purchase has said, and at least one professor was detained for obstructing justice.
However, Peña was inconsistent as a policy maker. In an account of her responses to campus antisemitism published by The Algemeiner on Wednesday, SUNY Purchase alumna Esti Heller said the president ignored numerous supplications for increased security for Jewish life on campus after Hamas’s Oct. 7 massacre across southern Israel. Peña was unresponsive, even after someone vandalized an Israeli flag and desecrated a sukkah, a hut built for the Jewish festival of Sukkot. Later, Peña reversed course in her handling of the pro-Hamas protesters, Heller said, acceding to their demands for “ethical investing,” amnesty for students charged with violating the code of conduct, and public disclosure of the school’s financial decisions.
Ultimately, Peña lost a no-confidence vote on June 3 in which 87 percent of the voting faculty called for her to leave office.
“While disappointed by the resolution, I am committed to continuing to take part in conversations with stakeholders on and off campus about many of the issues raised and look forward to engaging with the faculty, staff, and students about our shared goals and the best way of moving forward as a community,” Peña told the Purchase following the vote.
Now, three months later, Peña has granted faculty their wish, becoming the third university president in New York State this year to leave office after being criticized for mismanaging a series of crises, antisemitic incidents, and riotous demonstrations. Last month, Minouche Shafik resigned as president of Columbia University after her administration’s credibility crumbled amid revelations of antisemitic conversations between administrators and a partisan investigation of a pro-Israel professor. In May, Cornell University president Martha Pollack resigned after weeks of convulsive protests and disruptions on campus caused by mobs of pro-Hamas students and faculty.
In Wednesday’s announcement, Peña pledged to make her final months in office productive.
“We still have a lot to do before I step away, and I look forward to working together to ensure that Purchase College continues to thrive,” she said. “While there are challenges ahead, I feel confident that we have the flexibility, the skills, and the determination to continue to provide an excellent education for our students and to make progress as an institution that is continually evolving, while safeguarding our community and living up to our values during this extraordinary time.”
Follow Dion J. Pierre @DionJPierre.
The post SUNY Purchase President Steps Down Amid Backlash Over Handling of Anti-Israel Protests, Campus Antisemitism first appeared on Algemeiner.com.
You must be logged in to post a comment Login