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Major Diaspora philanthropists warn of danger to Israeli democracy
(JTA) – They have donated untold millions to develop Israel and defend it from its detractors. Now, a group of major philanthropists in North America have come together to warn that Israeli democracy is in jeopardy as the new government seeks to overhaul the judiciary and grant itself veto power over Supreme Court rulings.
Fifteen major donors and charitable foundations, including Birthright co-founder Charlies Bronfman, released an open letter Sunday urging Israel’s prime minister, Benjamin Netanyahu, to reconsider his government’s plans and enter into a dialogue on the proposed judicial reforms as recommended last week by the country’s president, Isaac Herzog.
Netanyahu’s governing coalition has pushed the court reform legislation forward in the face of mass protests that have brought hundreds of thousands of Israelis to the streets. The proposed reform has also drawn criticism from legal scholars, public intellectuals and foreign leaders, including President Joe Biden.
“Because of our love for Israel, we are deeply troubled by this attempt to curtail the independence of the judiciary, one of the key features that makes Israel one of the most vibrant democracies in the world,” the donors’ letter reads.
In addition to Bronfman, the signatories include Adam Bronfman, the Samuel Bronfman Foundation, Lester Crown, Jeffrey Solomon, Marcia Riklis, Daniel Lubetzky, the Harry and Jeanette Weinberg Foundation, the Leichtag Foundation, Georgette Bennett, the Joyce & Irving Goldman Family Foundation, the Russell Berrie Foundation, the Joseph & Harvey Meyerhoff Family Charitable Funds, Dana Raucher, and Jeremy and Anne Pava — the founders of Micah Philanthropies. (Raucher sits on the board of 70 Faces Media, JTA’s parent organization.)
The letter argues that Israel’s political system lacks many of the checks and balances that exist in other countries, such as a bicameral parliament, making the Supreme Court’s independence an essential component of Israeli democracy. But the letter also says that some reforms to the court are needed.
“The only counterweight to the legislative and the executive is an independent judiciary, which — while imperfect and in need of improvement — plays a critical role in safeguarding the rights and freedoms of all Israelis and ensuring that the laws of the country are applied fairly and justly,” the letter reads.
It continues, “While we appreciate that judicial reform was a campaign issue and that many Israelis voted for the governing coalition hoping for changes to the country’s judiciary, we strongly believe that democracy demands discourse. Swift legislation without adequate dialogue can undermine the checks and balances that are at the core of Israel’s democracy, threatening critical relationships both within Israel (among Jews and between Jews and Arabs) and between Israel and the Diaspora.”
When the most right-wing coalition in Israeli history came to power in December, many Jewish philanthropists and communal leaders expressed concern over Israel’s future privately. But as time has gone on, tensions between the Israeli government and Israel’s backers in the Diaspora have increased.
A leaked policy memo from the party of a deputy minister in the Israeli government, for example, portrayed many American Jewish donors to Israel civil society as a nefarious force bent on imposing pluralistic values on Israeli school children. And while speaking at gatherings hosted by American Jewish organizations, Netanyahu and his Diaspora affairs minister, Amichai Chikli, have swatted away criticisms of the government’s decisions.
The letter is the latest in a mounting pile of open pleas from groups who say the proposed reforms threaten Israel’s future. Also this weekend, new letters were distributed by the Conservative/Masorti movement of Judaism, 200 U.S. Jewish scientists and Arab Israeli leaders.
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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.
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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.”
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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.