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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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Qatari PM Meets Iran’s Larijani in Tehran, Discusses Easing Regional Tensions
Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani speaks after a meeting with the Lebanese president at the presidential palace in Baabda, Lebanon February 4, 2025. REUTERS/Emilie Madi
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani met with top Iranian security official Ali Larijani in Tehran and reviewed efforts to de-escalate tensions in the region, Qatar’s foreign ministry said on Saturday in a statement.
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Tesla Receives Approval to Test Autonomous Driving in Israel
March 12, 2025, Seattle, Washington, USA: A row of brand-new Tesla Cybertrucks stands in a Tesla Motors Logistics Drop Zone in Seattle, Washington, USA, on Wed., March 12, 2025. Photo: ZUMA Press Wire via Reuters Connect
i24 News – The Ministry of Transport announced on Sunday that it has granted Tesla official approval to conduct trials of its autonomous driving system on Israel’s roads. The move comes as part of an effort to examine how the car manufacturer’s advanced technology can be integrated into the local driving environment, with full support from the ministry.
The trials will focus on Tesla’s Fully Self-Driving (FSD) system, a supervised autonomous driving platform. Under the terms of the approval, a driver must remain present in the vehicle at all times to supervise the system, despite its autonomous capabilities. This ensures safety while allowing the technology to be tested in real-world conditions.
The Ministry of Transport described the approval as a significant step toward advancing vehicle regulation in Israel. Officials said the initiative aims to create a regulatory framework that will allow for the routine, supervised use of autonomous driving systems in the future, safely and efficiently.
Tesla will use the trials to assess how the FSD system interacts with Israel’s road infrastructure, traffic patterns, and local driving behaviors. Data collected during the experiment will help refine the system and inform potential regulatory updates to accommodate autonomous vehicles.
The ministry emphasized that the pilot program is limited in scope and strictly monitored. It noted that all necessary safety protocols are in place and that public safety remains the top priority throughout the testing period.
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Reopening of Gaza’s Rafah Crossing Expected Monday, Officials Say
An aid truck moves on a road after entering Gaza through the Kerem Shalom crossing, in Rafah in the southern Gaza Strip, February 1, 2026. Photo: REUTERS/Ramadan Abed
Gaza’s main border crossing in Rafah will reopen for Palestinians on Monday, Israel said, with preparations underway at the war-ravaged enclave’s main gateway that has been largely shut for almost two years.
Before the war, the Rafah border crossing with Egypt was the only direct exit point for most Gazans to reach the outside world as well as a key entry point for aid into the territory. It has been largely shut since May 2024 and under Israeli military control on the Gazan side.
COGAT, the Israeli military unit that oversees humanitarian coordination, said the crossing will reopen in both directions for Gaza residents on foot only and its operation will be coordinated with Egypt and the European Union.
“Today, a pilot is underway to test and assess the operation of the crossing. The movement of residents in both directions, entry and exit to and from Gaza, is expected to begin tomorrow,” COGAT said in a statement.
A Palestinian official and a European source close to the EU mission confirmed the details. The Egyptian foreign ministry did not immediately respond to a request for comment.
STRICT SECURITY CHECKS
Israel has said the crossing would open under stringent security checks only for Palestinians who wish to leave the war-ravaged enclave and for those who fled the fighting in the first months of the war to return.
Many of those expected to leave are sick and wounded Gazans in need of medical care abroad. The Palestinian health ministry has said that there are 20,000 patients waiting to leave Gaza.
An Israeli defense official said that the crossing can hold between 150-200 people altogether in both directions. There will be more people leaving than returning because patients leave together with escorts, the official added.
“(The Rafah crossing) is the lifeline for us, the patients. We don’t have the resources to be treated in Gaza,” said Moustafa Abdel Hadi, a kidney patient in a central Gaza hospital, awaiting a transplant abroad.
“If the war impacted a healthy person by 1 percent, it has impacted us 200 percent,” he said, sitting as he received dialysis treatment at Al-Aqsa Martyrs Hospital. His travel request, he said, has been approved.
Two Egyptian officials said that at least 50 Palestinian patients will be processed on Sunday to cross Rafah into Egypt for treatment. In the first few days around 200 people, patients and their family members, will cross daily into Egypt, the officials said, with 50 people returning to Gaza per day.
Lists of Gazans set to pass through the crossing have been submitted by Egypt and approved by Israel, the official said.
NEXT PHASE OF TRUMP’S GAZA PLAN
Reopening the border crossing was a key requirement of the first phase of US President Donald Trump’s plan to end the Israel-Hamas war.
But the ceasefire, which came into effect in October after two years of fighting, has been repeatedly shaken by rounds of violence.
On Saturday, Israel launched some of its most intense airstrikes since the ceasefire, killing at least 30 people, in what it said was a response to a Hamas violation of the truce on Friday when militants emerged from a tunnel in Rafah.
The next phases of Trump’s plan for Gaza foresee governance being handed to Palestinian technocrats, Hamas laying down its weapons and Israeli troops withdrawing from the territory while an international force keeps the peace and Gaza is rebuilt.
Hamas has so far rejected disarmament and Israel has repeatedly indicated that if the Islamist terrorist group is not disarmed peacefully, it will use force to make it do so.