Uncategorized
As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
—
The post As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now appeared first on Jewish Telegraphic Agency.
Uncategorized
This politician refused to say ‘Happy Hanukkah,’ then blamed ‘political correctness’ for the backlash
An elected official in North Carolina who refused to say “Happy Hanukkah” during a board meeting later confirmed his position during an interview.
“I’m going to defend my right to say ‘Merry Christmas,’ and I’m not going to apologize for saying ‘Merry Christmas,’” Chris Chadwick, chairman of the Carteret County Board of Commissioners, said in a phone interview with the Forward.
Chadwick made the initial comment, first reported by Coastal Review, at a Monday meeting of the commission, which serves beachside towns along North Carolina’s Crystal Coast. The commission has seven members, all Republicans.
As Chadwick was wrapping up the commission meeting, he wished the group a Merry Christmas, and Commissioner Marianne Waldrop whispered, “We haven’t said ‘Happy Hanukkah.’”
“No, we don’t say that,” Chadwick replied, as Waldrop’s mouth fell agape.
Chadwick continued, “I want to wish everybody Merry Christmas and a Happy New Year —”
“And Happy Hanukkah,” Waldrop interjected, louder this time.
“— and we appreciate y’all coming,” Chadwick concluded.
“I was setting you up for success, not failure,” Waldrop said as the board adjourned.
Chadwick, elected in 2022, said Waldrop caught him off guard, and he didn’t appreciate her “trying to tell me what to say.” He said his comment reflected that he celebrates Christmas, not Hanukkah, in his family, but he meant “nothing derogatory to Jewish people or Hanukkah or anything like that.”
He added that “there’s so much political correctness out there now, it’s hard to keep on top of it. It was a simple ‘Merry Christmas,’ and it just got turned into something that it wasn’t.”
Chadwick said he understood why Jews might be sensitive to his comments after Sunday’s deadly attack on a Hanukkah celebration in Sydney, but he hadn’t heard about the terror attack at the time of Monday morning’s meeting.
Asked if he would include both holidays moving forward, Chadwick responded that he “could, but we don’t have many Jewish people here, so we’re just not used to doing it.”
An estimated 350 Jews lived in Carteret County in 2024, out of a total population of around 70,000.
Chadwick said he had spoken to a number of Jewish constituents about the incident who “understood completely” and taught him that Hanukkah lasts eight days.
But the remark did not sit well with Leonard Rogoff, president and historian of Jewish Heritage North Carolina.
“At a moment when Jews have been slaughtered in Australia for celebrating their holiday, when armed police guard synagogues here in North Carolina as Jews worship, for the county commissioner to refuse to acknowledge his Jewish neighbors and fellow citizens is not in keeping with the spirit of the holidays,” Rogoff told the Coastal Review. “How could Jews not take offense?”
Asked if he would do anything differently in retrospect, Chadwick said “looking back, she probably should have made her comments during her time, and let me make my comments.”
The post This politician refused to say ‘Happy Hanukkah,’ then blamed ‘political correctness’ for the backlash appeared first on The Forward.
Uncategorized
Guinness World Records’ Exclusion of Israel Is ‘Deceptive,’ a Form of False Advertising, Advocacy Group Says
Guinness World Records Day 2025 at Elbtor Mobile in Hamburg, Germany. Photo: Marcus Brandt via Reuters Connect
Guinness World Records is guilty of false advertising for refusing to log the accomplishments of Israelis in its publications, the Louis D. Brandeis Center for Human Rights Under Law has complained to the US Federal Trade Commission in a letter demanding that the agency use its authority to stop the allegedly mendacious practice.
GWR annually publishes a Guinness World Records book, commemorating a range of human achievements, from feats of scientific discovery to musical endeavors which yielded massive record sales. However, as previously reported by The Algemeiner, GWR suspended its processing of applications reporting new records achieved in Israel and the Palestinian territories in November 2023, shortly after the war in Gaza started following Hamas’s Oct. 7 massacre across southern Israel.
“We are aware of just how sensitive this is at the moment,” GWR, published by the Jim Pattison Group, said in a statement issued earlier this month after the policy excluded an Israel charity’s being recognized for holding the single largest gathering of kidney donors in one place. “We truly do believe in record breaking for everyone, everywhere but unfortunately in the current climate we are not generally processing record applications from the Palestinian Territories or Israel, or where either is given as the attempt location, with the exception of those done in cooperation with a UN humanitarian aid relief agency.”
GWR’s explanation does not change the fact that it is excluding the world’s lone Jewish state from the world community over a war it did not start, the Brandeis Center said in Tuesday’s letter, arguing that, as such, Guinness World Records cannot literally claim to represent all of the world.
“They don’t have a right to deceive their readership and customer base by claiming that it is publishing ‘world records,’” Brandeis Center chairman and founder Kenneth Marcus said in a statement. “We have seen again and again that Israelis are capable of besting the competition and achieving international success. Any so-called ‘world record’ excluding such talented challengers must at a minimum carry an asterisk to disclose that it is not truly a record for the entire world.”
At the least, Marcus charged, GWR should issue refunds to customers, adding, “To the extent that GWR has been deceptively selling mislabeled products to the public, it should provide their money back.”
Notably, GWR accepts hundreds of applications annually from China, a country whose government has reportedly imprisoned more than a million Uyghurs, a predominantly Muslim ethnic minority, in concentration camps. According to leaked documents from inside China, detainees in these camps have been subjected to rape, torture, forced labor, brainwashing, and forced sterilization. The US Holocaust Memorial Museum and the State Department under both the Trump and Biden administrations have assessed China is committing genocide against the Uyghurs.
Israel, by contrast, counts some 2 million Arab Muslims as full citizens in what is the only liberal democracy in the Middle East.
Chinese residents perform square dance during an attempt to set a new Guinness World Record in Chongqing, China, Nov. 7, 2016. Photo: Oriental Image via Reuters Connect
GWR has also been accused of sending mixed signals about its organization’s purported political neutrality. Its website states that it is “determined to protect the integrity of our records by remaining politically neutral.” However, following Russia’s invasion of Ukraine in 2022, GWR “ceased” operations in Russia and Belarus, describing the decision as a “meaningful expression of our support and solidarity.”
It continued, “This means all current business, as well as all open conversations around future business relating to publishing, record consultancy and television productions. We are also exploring how we can prevent advertising across our digital platforms from these regions. We join calls for an end to fighting in Ukraine, and in any country or region where violence and fear preside over diplomacy or peace.”
At the same time, GWR welcomes many other countries in which “violence and fear preside over diplomacy or peace,” the Brandeis Center’s letter noted.
“GWR published the 2014 world record for longest talk show broadcast by a Damascus studio aligned with Bashar al-Assad,” the Brandeis Center said, quoting its letter to the FTC. “That record came not long after the Syrian dictator’s sarin gas attack on the nearby Ghouta suburb of Damascus. More recently, GWR featured an Iranian jump rope record achieved in February 2023 while the Islamic Republic was actively rounding up tens of thousands of participants in the Women, Life, Freedom protests.”
Days after GWR’s policy of excluding Israel received headlines this month, the nonprofit organization StandWithUs sent a letter to members of the Florida State Board of Administration calling on the state of Florida to investigate GWR over its ban on applications from Israel and to ensure that public funds do not support companies engaged in such a “discriminatory policy” against the Jewish state.
StandWithUs Saidoff Law, which carries out legal action for the pro-Israel group, requested that the board investigate GWR and its affiliate Guinness World Records North America regarding the “boycott policy” to see if they should be included on Florida’s official list of “Scrutinized Companies or Other Entities that Boycott Israel” in accordance with Florida law. Guinness World Records North America is registered in Florida as a foreign profit corporation.
Follow Dion J. Pierre @DionJPierre.
Uncategorized
NFL Player Vows to Do Touchdown Dance Invoking Antisemitic Trope
Puka Nacua during a livestream appearance. Photo: Screenshot
Los Angeles Rams wide receiver Puka Nacua promised during a livestream appearance on Wednesday to do a dance following his next touchdown that includes an antisemitic trope.
The 24-year-old professional football player appeared in a livestream with online streamers Adin Ross and N3on. Aside from calling out NFL referees, Nacua learned a dance that Ross taught him. The moves included Ross spinning the football on the ground, flexing, and then leaning in while rubbing your hands together. Nacua performed the touchdown dance, following Ross’s request, and then the Rams player promised to perform it during a game.
Critics online have argued the moves in the dance promote antisemitic stereotypes about the Jewish community, noting the livestream took place mere days after 15 people were murdered in the deadly antisemitic attack against Jews celebrating the first night of Hanukkah in Sydney, Australia. Dozens of people were also wounded.
Puka Nacua will be doing Adin Ross’s ICONIC JEWISH DANCE for his next touchdown celebration
pic.twitter.com/W2dQL4kSMB
— AdinUpdate (@AdinUpdate) December 17, 2025
Nacua and the NFL have not publicly commented on the offensive touchdown dance. The Rams are playing on Thursday night against the Seattle Seahawks. If Nacua scores a touchdown, viewers will be waiting to see if he performs the antisemitic dance Ross taught him. The Provo, Utah, native, has been described as one of the best receivers in the league.