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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.”


The post Mike Bloomberg: Israel’s judicial reforms could make Brexit’s economic effects look like ‘bubkes’ appeared first on Jewish Telegraphic Agency.

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Police eye Iran involvement as 3 London synagogues are targeted in arson attacks

(JTA) — Two teenagers have been arrested in connection with an arson attack on a London synagogue on Sunday, the third within days on Jewish targets in the city.

No one was injured at Kenton United Synagogue after police said a “bottle with some sort of accelerant” was thrown through a window. A fire was extinguished before it could do significant damage.

Police offered few details about the men arrested beyond their ages, 17 and 19. But they said they saw emerging evidence that the attack and others in recent days may have been conducted in exchange for payments from Iran, which has said it would strike targets abroad in response to the U.S.-Israeli war against it.

“We’ve seen a pattern,” Matt Jukes, the police force’s deputy commissioner, said on the BBC on Monday. He said there had been 15 arrests related to incidents targeting the Jewish community in recent weeks and most appeared to be of “people taking cash as it looks like quick and easy money” to stage an attack.

Many of the attacks, including the most recent one, have been claimed by a new group, The Islamic Movement of the People of the Right Hand, that appears Iran-linked and says it is behind arsons and explosives targeting synagogues across Europe.

Jukes and Vicki Evans, the Metropolitan Police’s senior national coordination for counterterrorism, addressed the drumbeat of London attacks during a press conference on Sunday outside the Kenton synagogue. There, Evans spoke directly to Brits who might be considered as a get-rich-quick scheme.

“To anyone even considering getting involved, my message to you would be this: The stakes are high — and it is absolutely not worth the risk for a small reward,” she said. “Those tasking you will not be there when you are arrested and face court. You will be used once and thrown away without a second thought.”

The Kenton arson followed multiple other incidents in recent days. Two people were arrested after throwing bottles containing liquid at Finchley Reform Synagogue last week, and on Friday a fire was set at a nearby building that formerly held a nonprofit called Jewish Futures and still bears its sign. Suspicious material was also found near the Israeli embassy.

Last month, arsonists set fire to ambulances owned by Hatzola, an emergency service operated by a Jewish nonprofit. At least five people, including several young adults and one person who does not hold British citizenship, have been arrested in connection with the arson. Police also arrested multiple men who they said had been spying on British Jewish communities on behalf of Iran.

British Jewish leaders have responded to the incidents with growing alarm, even as police have worked to apprehend the perpetrators and calm tensions.

“A sustained campaign of violence and intimidation against the Jewish community of the UK is gathering momentum. This sustained attack on our community’s ability to worship and live in safety is an attack on the values that bind us all together,” Chief Rabbi Ephraim Mirvis said in a statement. “Thank God, no lives have been lost, but we cannot, and must not, wait for that to change before we understand just how dangerous this moment is for all of our society.”

The Campaign Against Antisemitism, an advocacy group, criticized the government for failing to designate and ban Iran’s Islamic Revolutionary Guard Corps as a terrorist group. British lawmakers tabled a proposal to adopt such a designation, which other countries including the United States and the European Union have adopted as a tool to fight Iran’s malign influence, earlier this year.

“It is shocking that concern for the sensitivities of a violent Iranian regime is more important to the Government than the welfare of Jewish people in this country,” the Campaign Against Antisemitism said.

And the Board of Deputies, a group representing Jewish communities, urged British Jews to follow security guidelines and vowed to defy the violence.

“Our community will not be intimidated by these cowardly acts of hate, which are an attack on Britain and its values, and on the security and cohesion of everyone in our country,” it said.

This article originally appeared on JTA.org.

The post Police eye Iran involvement as 3 London synagogues are targeted in arson attacks appeared first on The Forward.

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U.S. Senate candidate from Michigan calls Israeli government ‘evil’ like Hamas

Abdul El-Sayed, a U.S. Senate candidate from Michigan, said in an interview aired Sunday that the Israeli government is as “evil” as Hamas, sharpening his criticism of Israel in the closely-watched Democratic primary.

“Killing tens of thousands of people makes you pretty damn evil,” El-Sayed told CNN congressional reporter Manu Raja on the network’s Inside Politics program. “It’s not how evil is this one versus that one — Hamas: Evil, Israeli government: Evil. We can say both.”

El-Sayed, 41, is a physician and the son of Egyptian immigrants. He is seeking to channel the energy of the 2024 Uncommitted movement, which protested the Biden administration’s support for Israel in the war against Hamas in Gaza. He is also hoping to build on the surprise success of the New York City mayoral campaign of Zohran Mamdani in taking on the Democratic establishment.

He is locked in a dead heat with state Sen. Mallory McMorrow and Rep. Haley Stevens. The primary is set for Aug. 4.

Earlier this month, El-Sayed faced backlash for appearing alongside streamer Hasan Piker, who has been accused of antisemitic rhetoric — including saying that Hamas “is a thousand times better” than Israel. McMorrow, who is married to a Jewish man, and Stevens, who is closely aligned with AIPAC, have both criticized El-Sayed.

In the CNN interview, El-Sayed defended his decision to campaign with Piker, framing it as an effort to reach voters who feel alienated from traditional politics. “My understanding of America is, it’s a place where we have freedom of speech,” he said.

The Michigan Senate race is shaping up as one of the starkest tests of the Democratic coalition and how the party navigates policy towards Israel in Congress amid the wars in Gaza and Iran. The state is home to the largest concentration of Arab Americans in the United States.

Last week, 40 Senate Democrats voted to block $295 million for the transfer of bulldozers, used by the Israeli military to demolish homes in the West Bank and Gaza; 36 of them also supported a measure to block the sale of 1,000-pound bombs to the Jewish state. It shattered a previous high of 27 Democrats who backed a similar pair of resolutions of disapproval to block some weapons transfers last year.

Sen. Elissa Slotkin of Michigan, who is Jewish, was among those who voted for the measures. In remarks as they announced their votes, Democrats highlighted their opposition to the Israeli government’s policies in the occupied West Bank, the humanitarian situation in Gaza and the war with Iran.

The post U.S. Senate candidate from Michigan calls Israeli government ‘evil’ like Hamas appeared first on The Forward.

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NYC Mayor Mamdani Unveils Major Tax Hike on Unoccupied Luxury Real Estate

New York City Mayor Zohran Mamdani holds a press conference at the New York City Office of Emergency Management, as a major winter storm spreads across a large swath of the United States, in Brooklyn, New York City, US, Jan. 25, 2026. Photo: REUTERS/Bing Guan

i24 NewsNYC Mayor Zohran Mamdani has officially introduced a controversial new tax targeting secondary residences valued at over $5 million.

The measure, designed to tap into the city’s vast concentration of unoccupied luxury wealth, is projected to generate roughly $500 million annually for the municipal budget.

“This tax is specifically aimed at the ultra-rich,” Mamdani stated, highlighting high-profile examples such as Ken Griffin’s $238 million Midtown penthouse and Alexander Varshavsky’s $20.5 million Columbus Circle residence.

While the city has yet to finalize specific evaluation criteria or the methods for distinguishing primary from secondary homes, the proposal has already become a flashpoint for economic debate.

The move has drawn sharp condemnation from billionaire investor Bill Ackman, who argued that the policy is fundamentally flawed.

Ackman contended that owners of luxury secondary residences contribute significant capital to the local economy without utilizing costly municipal services. He warned that the tax would likely trigger a corporate and high-net-worth exodus to low-tax jurisdictions like Miami, ultimately harming the city’s tax base.

President Donald Trump also entered the fray, denouncing the policy as “totally misguided” and claiming it is “destroying New York.” Trump, whose own extensive real estate holdings in the city could be impacted, argued that such taxation serves only to drive away the international investors who fuel New York’s development.

Implementation remains a significant question mark, as the tax could potentially affect nearly 13,000 property owners, including major figures like Jeff Bezos. Financial analysts point out that many of the city’s most expensive apartments are held through complex offshore structures and shell companies, making the identification and appraisal of these properties an immense administrative challenge for the city.

As the debate intensifies, the Mamdani administration faces a difficult path ahead in balancing its “tax the rich” mandate with the practical realities of New York’s competitive global real estate market.

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