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Sam Zell, Jewish billionaire whose media purchase tarnished a legendary career, dies at 81
(JTA) — Sam Zell, a Chicago real estate magnate and son of Holocaust survivors who led a tumultuous leveraged buyout that bankrupted the Tribune media company in the early 2000s, died Thursday. He was 81.
Before buying the Tribune Co. in 2007, the billionaire was known for his gift for reviving moribund companies. He developed an office-tower company that he sold to the Blackstone Group for $39 billion in 2007. His firm also invested in manufacturing, travel, retail, healthcare and energy. He pioneered the use of REITs, real estate securities that trade like stocks on the major exchanges.
But Zell appeared to lose his magic touch in 2007 after buying the Tribune company and its assets, which included televisions stations, the Chicago Cubs baseball team and major newspapers, including the Chicago Tribune and the Los Angeles Times. The company foundered in what Zell himself called the “deal from hell,” and filed for bankruptcy in December 2008, one year after Zell took the company private in a heavily leveraged $8.2 billion deal. The deal took place at a time of declining fortunes in the media industry, Zell’s personal leadership and decision to saddle the company with debt were widely blamed for the failure.
“The ‘grave dancer’ of real estate development was now the ‘grave digger’ of the newspaper world,” a Forbes columnist wrote at the time.
Zell was a major donor to Jewish causes, including the Herzliya Interdisciplinary Center in Israel, the Israel Center for Social and Economic Progress, the American Jewish Committee and the Bernard Zell Anshe Emet Day School, named for his father, in Chicago. (Its alumni include former Chicago Mayor Rahm Emanuel and actor Ike Barinholtz; a Jewish high school in Chicago is named for Zell’s mother Sophie.)
According to a 2007 profile in the Forward, Zell would regale campers as a Jewish summer camp counselor with tales of his parents’ escape from the Holocaust. According to his 2017 autobiography, “Am I Being Too Subtle? Straight Talk From a Business Rebel,” Zell’s parents, then known as Ruchla and Berek Zielonka, escaped from Poland at the onset of the Nazi invasion and embarked with their 2-year-old daughter on a circuitous, 21-month journey that took them through Lithuania, Russia and Japan before they made it to the United States. They travelled on transit visas supplied by Chiune Sugihara, a Japanese diplomat in Vilnius who saved thousands of Jews.
Zell was born on Sept. 28, 1941, in Chicago. He graduated in 1963 from the University of Michigan, where he was also a member of the Jewish Alpha Epsilon Pi fraternity. He managed student housing apartments as an undergraduate and founded his chief investment vehicle, Equity Group Investments, in 1968.
“Sam Zell was a self-made, visionary entrepreneur. He launched and grew hundreds of companies during his 60-plus-year career and created countless jobs,” Equity Group Investments said in a written statement on Thursday. “Although his investments spanned industries across the globe, he was most widely recognized for his critical role in creating the modern real estate investment trust, which today is a more than $4 trillion industry.”
Zell was married three times. His survivors include his wife, Helen, three children and nine grandchildren.
Zell credited his own drive to the lessons he learned from his parents. In his memoir, he remembers seeing footage of the concentration camp atrocities that his parents escaped.
“Those unforgettable images were my introduction to the Holocaust,” Zell wrote. “Looking back, I can see that they accelerated my maturity and gave me a sober awareness of the world. That film also went a long way toward helping me understand my parents’ orientation toward life — why they pushed so hard and were so determined for their children to succeed. Economic success had been critical in securing their freedom. They had escaped Poland in part because they had the means to do so — my father’s prescience in storing away money.”
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UK Man in Court Charged With Arson at Former London Synagogue
Orthodox Jews stand by a police cordon, after a man was arrested following a stabbing incident in the Golders Green area, which is home to a large Jewish population, in London, Britain, April 29, 2026. Photo: REUTERS/Hannah McKay
A British man charged over an arson attack at a former synagogue in east London last week was in contact with someone using an Iraqi phone number shortly before the fire, prosecutors told a London court on Tuesday.
Moses Edwards, 45, appeared in the dock at Westminster Magistrates’ Court and was remanded in custody until a further hearing next month. He gave no indication of any plea.
The fire at the former East London Central Synagogue was caused by wine bottles filled with an accelerant, which exploded damaging the outside of the building, prosecutors said.
The incident followed a series of arson attacks on Jewish targets in previous weeks, with police saying they were investigating possible Iran links to some of the fires.
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Israeli Para-Athlete Wins Gold at European Taekwondo Championships, Beats Opponent From Azerbaijan
Asaf Yasur, center, posing with his gold medal during the awards ceremony at the 2026 European Taekwondo Championships in Munich, Germany. Photo: Facebook/Israel Taekwondo Federation
Israeli Paralympic athlete Asaf Yasur took home the gold medal in the 2026 European Senior Taekwondo Championships being held this week in Munich, Germany.
The 24-year-old competed in the men’s under-58kg weight category, and on the first day of the championships he beat Azerbaijan’s Sabir Zeynalov 2-1 in the finals after being victorious over Turkish athlete Hamza Tehrani 2-1 in the semifinal. Israel’s national anthem, “Hatikvah,” played in the arena during the medal ceremony, as Yasur stood on the podium with his gold medal.
The Jerusalem native had both of his hands amputated when he was 13 years old following an electrocution accident. Earlier this year, Yasur won gold at the 2026 US Open Paralympic Taekwondo Championship. He previously took home gold medals at the 2024 Paris Paralympics — where he made his Paralympics debut – the 2024 European Championships, and the 2023 World Para Taekwondo Championships. He also won the 2021 and 2023 World Para Taekwondo Championships and silver at the 2023 European Para Championships.
The European Taekwondo Union organizes the European Senior Taekwondo Championships, which is held every two years. This year marks the fourth time the championship is taking place in Germany, after previous being held in Bonn in 2006, Stuttgart in 1984, and Munich in 1978.
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China and US Agree on Opposing Hormuz Tolls, State Department Says
Vessels in the Strait of Hormuz, Musandam, Oman, May 8, 2026. Photo: REUTERS/Stringer
Senior US and Chinese officials agree that no country can be allowed to exact shipping tolls in the Strait of Hormuz, the State Department told Reuters on Tuesday, in a sign that the two countries are trying to find common ground on efforts to pressure Iran to give up control of the vital waterway.
The statement by the State Department comes ahead of a high-stakes summit between President Donald Trump and Chinese President Xi Jinping later this week, where Iran‘s chokehold on the strait will be on the agenda.
Iran‘s near-complete closure of the vital trade artery since the joint Israeli-US airstrikes on the country on Feb. 28 has sent shockwaves through global energy markets.
The State Department said Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio discussed the issue in an April phone call.
“They agreed that no country or organization can be allowed to charge tolls to pass through international waterways like the Strait of Hormuz,” department spokesman Tommy Pigott told Reuters in response to questions about the call. The State Department has not previously provided a readout of the call in a break from its usual practice.
China’s embassy did not dispute the US account of the discussion, saying it hoped all sides can work together to resume normal traffic through the strait, which before the war handled one-fifth of the world’s oil and gas supply.
“Keeping the area safe and stable and ensuring unimpeded passage serves the common interest of the international community,” embassy spokesperson Liu Pengyu told Reuters.
Tehran has demanded a right to collect tolls on shipping traffic as a precondition for ending the war. The US has imposed a naval blockade on Iran, and Trump has floated the possibility of imposing its own fees on traffic or working with Iran to collect tolls. After domestic and international pushback, the White House has since said Trump wants to see the Strait of Hormuz open up for traffic without any limitations.
Chinese officials so far have avoided direct mention of tolls, even while condemning the US blockade.
‘NORMAL AND SAFE PASSAGE’
Two sources briefed on the Wang-Rubio exchange said Rubio had raised the prospect of Chinese vessels paying tolls, which they said appeared aimed at encouraging Beijing to apply more pressure on Tehran to bring the conflict to an end.
China maintains ties with Iran and remains a major consumer of its oil exports. Trump has been leaning on China to use its influence to push Tehran to make a deal with Washington.
In a subsequent meeting with Iran‘s foreign minister, Wang said the international community shared a “common concern about restoring normal and safe passage through the strait” while reiterating that China supports Iran in “safeguarding its national sovereignty and security.”
China vetoed a US-backed resolution in the United Nations last month encouraging states to work together to protect commercial shipping in the Strait of Hormuz, arguing it was biased against Iran. That prompted US ambassador to the United Nations, Mike Waltz, to argue that Beijing was tolerating Iran holding the global economy at gunpoint.
Washington together with Bahrain has drawn up another UN resolution demanding Iran halt attacks and mining in the strait, but diplomats say this is also likely to meet with Chinese and Russian vetoes if it comes to a vote.
That resolution also calls for an end to “efforts to exact illegal tolls” in the strait.
China has ordered its companies not to comply with US sanctions against Chinese oil refineries over purchases of Iranian crude, measures intended to isolate and pressure Tehran.