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Mike Bloomberg: Israel’s judicial reforms could make Brexit’s economic effects look like ‘bubkes’
(JTA) — Mike Bloomberg, the billionaire philanthropist and former New York mayor, is the latest pro-Israel stalwart to warn that Prime Minister Benjamin Netanyahu’s proposed judicial reforms could be catastrophic.
“Close allies bound together by shared values stand together in times of need — not only to support each other but to reaffirm the inviolable obligations we have to defend those values,” Bloomberg said Sunday in a New York Times op-ed. “And that is why I am standing up again now.”
Bloomberg, who served three terms as New York’s mayor and briefly ran as a Democrat for president in 2020, is the latest prominent Jewish figure who was often at the forefront of defending Israel to now say Netanyahu’s reforms, which would gut the independence of the judiciary, are endangering the country. Others have included Times columnist Bret Stephens, constitutional lawyer Alan Dershowitz and the former director of the Anti-Defamation League, Abe Foxman.
Bloomberg noted how, as New York mayor in 2014, he defied a Federal Aviation Administration order not to fly to Israel during its war that summer with Hamas. He also listed his philanthropic endeavors in Israel, including a health center named for his mother.
Bloomberg, who made his billions of dollars with his eponymous financial news and data firm, said Netanyahu’s planned reforms were harming the economy that he helped open up in his previous terms as prime minister.
“Unless he changes course, Mr. Netanyahu risks throwing all that progress — and his own hard-earned legacy — away,” Bloomberg wrote.” The economic damage could make the cost being paid by the United Kingdom for Brexit look like bubkes.” Britain’s economy has yet to recover from its withdrawal from the European Union.
Foreign investors have warned against investing in Israeli companies, the shekel’s value has fallen sharply and some Israeli companies have moved their money into overseas accounts to protest the judicial legislation and guard against its potential economic effects.
Bloomberg said he could understand why companies were pulling out of Israel, noting the protection that Israel’s courts have extended to women and minorities, including Arab and LGBTQ Israelis.
“In a disturbing sign, some people have already begun pulling money out of the country and re-evaluating their plans for future growth there,” he said. “As the owner of a global company, I don’t blame them. Companies and investors place enormous value on strong and independent judicial systems because courts help protect them — not only against crime and corruption but also government overreach. Just as important, they protect what their employees value most: individual rights and freedoms.”
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US Strikes More Than 90 Iranian Military Targets on Kharg Island, CENTCOM Says
A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. Photo: 2026 Planet Labs PBC/Handout via REUTERS
United States forces executed a large-scale precision strike on Kharg Island in Iran on Friday night, the US Central Command said on Saturday.
“US forces successfully struck more than 90 Iranian military targets on Kharg Island, while preserving the oil infrastructure,” CENTCOM said.
The strike destroyed naval mine storage facilities, missile storage bunkers, and multiple other military sites, the US military said in a post on X.
President Donald Trump threatened on Friday to strike the oil infrastructure of Iran’s Kharg Island hub, unless Tehran stopped attacking vessels in the Strait of Hormuz.
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North Korea Fires Ten Ballistic Missiles Toward the Sea of Japan
North Korean leader Kim Jong Un and wife Ri Sol Ju inspect an honour guard before leaving Pyongyang for a visit to China, this January 7, 2019 photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang January 8, 2019. Photo: KCNA via REUTERS.
i24 News – North Korea fired roughly ten ballistic missiles toward the Sea of Japan on Saturday, the South Korean military reported, marking a new act of defiance amid Seoul and Washington’s annual joint military exercises.
The launches, originating from the Sunan area near Pyongyang, were detected around 1:20 p.m. local time, according to a statement from the South Korean Joint Chiefs of Staff.
The missiles were directed toward the East Sea—the Korean name for the Sea of Japan—though details on their range or trajectory were not immediately available. Earlier, the South Korean Ministry of Defense had already confirmed the launch of at least one unidentified projectile in the same area.
The Japanese Ministry of Defense also verified the incident, noting that a suspected ballistic missile had been launched from North Korea.
The launches come amid rising tensions on the Korean Peninsula. Since Monday, the United States and South Korea have been conducting their annual joint exercises, which will continue through March 19 and involve approximately 18,000 South Korean troops alongside an unspecified number of U.S. forces.
Pyongyang has sharply criticized the drills, calling them a rehearsal for invasion. Kim Yo Jong, the influential sister of North Korean leader Kim Jong-un, warned this week that the exercises could trigger “terrible and unimaginable consequences.”
The missile tests also coincide with fading prospects for inter-Korean dialogue. Kim Jong-un recently dismissed outreach efforts from South Korean President Lee Jae Myung, labeling Seoul “the most hostile enemy.”
The show of force occurred just hours after South Korean Prime Minister Kim Min-seok, during a visit to the United States, mentioned a potential meeting between U.S. President Donald Trump and Kim Jong-un—a meeting Washington still considers possible.
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Dutch Authorities Investigate Explosion at Jewish School Claimed by Extremist Group
Police outside a Jewish school following an explosion that caused minor damages, in Amsterdam, Netherlands, March 14, 2026. Photo: REUTERS/Piroschka van de Wouw
i24 News – An explosion struck a Jewish school on Zeelandstraat in Amsterdam-Buitenveldert during the night between Friday and Saturday, Dutch authorities confirmed. Emergency responders, including police and firefighters, acted swiftly, and officials reported that the building suffered only limited damage. No injuries have been reported.
Mayor Femke Halsema described the incident as a deliberate attack against the Jewish community in the city, emphasizing that the authorities are treating the case “very seriously.” Security camera footage showing the individual who detonated the device is under investigation.
In an unverified online video, previously little-known group identifying itself as Ashab Al Yamim later claimed responsibility for the blast. The group released online footage appearing to show the small explosion followed by a fire outside the school. Its logo was also seen in videos related to an attack on a synagogue in Rotterdam earlier this week.
Dutch investigators are coordinating with the judiciary to determine the full circumstances of the attack and whether additional suspects were involved. Authorities noted that the organization had not been previously known to security services.
The explosion comes amid rising security concerns for Jewish institutions across Europe, following heightened tensions in the Middle East. The group behind the claim has also alleged responsibility for previous incidents targeting Jewish sites in Europe, including attacks in Liège, Belgium, and Rotterdam, though these claims remain unverified.
Jewish schools, synagogues, and community centers across the continent have stepped up security measures in recent weeks amid fears of potential threats to Jewish communities.