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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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Pete Hegseth Pledges Retribution After Islamist Gunmen in Syria Kills 2 US Soldiers and Civilian, Injuring 3
US Defense Secretary Pete Hegseth attends a Senate Appropriations Committee hearing on US President Donald Trump’s budget request for the Department of Defense, on Capitol Hill in Washington, DC, US, June 11, 2025. Photo: REUTERS/Elizabeth Frantz
i24 News – Two US Army soldiers and a civilian interpreter were killed in an Islamic State attack on Saturday in Palmyra, Syria, where they were supporting counterterrorism operations, the Pentagon said.
Three others were wounded, Pentagon spokesman Sean Parnell said. Defense Secretary Pete Hegseth said the attacker was killed by partner forces.
The Syrian Interior Ministry said that shooter in the deadly attack in Palmyra was a “member of the Syrian security forces who was influence by extremist ideology.”
President Donald Trump posted that “We mourn the loss of three Great American Patriots in Syria, two soldiers, and one Civilian Interpreter. Likewise, we pray for the three injured soldiers who, it has just been confirmed, are doing well.”
“This was an ISIS attack against the US, and Syria, in a very dangerous part of Syria, that is not fully controlled by them. The President of Syria, Ahmed al-Sharaa, is extremely angry and disturbed by this attack. There will be very serious retaliation. Thank you for your attention to this matter!”
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Israel Says It Kills Senior Hamas Commander Raed Saed in Gaza
Palestinians inspect the site of an Israeli strike on a car in Gaza City, December 13, 2025.REUTERS/Dawoud Abu Alkas
The Israeli military said it killed senior Hamas commander Raed Saed, one of the architects of the October 7, 2023 attacks on Israel, in a strike on a car in Gaza City on Saturday.
It was the highest-profile assassination of a senior Hamas figure since a Gaza ceasefire deal came into effect in October.
In a joint statement, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz said Saed was targeted in response to an attack by Hamas in which an explosive device injured two soldiers earlier on Saturday.
The attack on the car in Gaza City killed five people and wounded at least 25 others, according to Gaza health authorities. There was no immediate confirmation from Hamas or medics that Saed was among the dead.
HAMAS SAYS ATTACK VIOLATES CEASEFIRE AGREEMENT
An Israeli military official described Saed as a high-ranked Hamas member who helped establish and advance the group’s weapons production network.
“In recent months, he operated to reestablish Hamas’ capabilities and weapons manufacturing, a blatant violation of the ceasefire,” the official said.
Hamas sources have also described him as the second-in-command of the group’s armed wing, after Izz eldeen Al-Hadad.
Saed used to head Hamas’ Gaza City battalion, one of the group’s largest and best-equipped, those sources said.
Hamas, in a statement, condemned the attack as a violation of the ceasefire agreement but did not say whether Saed was hurt and stopped short of threatening retaliation.
The October 10 ceasefire has enabled hundreds of thousands of Palestinians to return to Gaza City’s ruins. Israel has pulled troops back from city positions, and aid flows have increased.
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Hezbollah Chief: Disarmament Would Be ‘Death Sentence’ for Lebanon
Lebanon’s Hezbollah Chief Naim Qassem gives a televised speech from an unknown location, July 30, 2025, in this screen grab from video. Photo: Al Manar TV/REUTERS TV/via REUTERS
i24 News – Hezbollah leader Naim Qassem said on Saturday that it was not the responsibility of the Shiite terror group “to prevent aggression,” but rather the Lebanese state’s, and it is the responsibility of Hezbollah to engage “when the state and army fail to do so.”
In a recorded televised statement, Qassem sarcastically posed the question whether it was not Hezbollah that should be demanding the Lebanese Army’s disarmament if the latter fails to stop “Israel’s ongoing aggression.”
On the issue of disarming Hezbollah, Qassem said that disarming it in the manner currently proposed is a death sentence for Lebanon.
“Even if the sky falls, we will not be disarmed, not even if the entire world unites against Lebanon. We will not allow this and it will not happen,” Qassem said.