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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.
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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.
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Another Graham Platner potential replacement now says Israel committed genocide in Gaza
(JTA) — Graham Platner concluded his Senate bid on a pro-Palestinian note on Friday, in the last lines of a letter to Maine’s secretary of state formally withdrawing his candidacy.
“F*ck ICE. Free Palestine. Up the Hearts,” Platner wrote before signing off with the valediction, “Solidarity forever.”
The secretary of state, Shenna Bellows, is among the candidates seeking to replace Platner on the ballot, and she soon adopted his stance on Israel. Before becoming secretary of state, Bellows was the executive director of the Holocaust and Human Rights Center of Maine.
Asked about Platner’s letter on CNN’s “The Source” on Friday, Bellows said she agreed with Platner’s claim that Israel committed genocide in Gaza. “Yes. Israel — the Israeli government is committing genocide in Gaza right now,” Bellows said. “And we should not be sending any taxpayer funds to be conducting that harm.”
Bellows did not immediately respond to a Jewish Telegraphic Agency request for comment on Monday.
Platner, a Democrat, posted the letter nearly two days after announcing that he would leave the race, following sexual assault allegations that caused even his most devoted allies to drop their support. It was a remarkable fall for an oyster fisherman and populist who emerged out of political obscurity to command such a lead that Maine’s governor, Janet Mills, suspended her own campaign in April.
In both the speech his announcing his withdrawal and the letter, Platner has painted his exit as the result of a conspiracy against him and the progressive movement, rather than a consequence of accruing controversies that undercut his ability to win in November.
“All we were asking for was healthcare, was to end the genocide, to use our taxpayer dollars at home to uplift our communities instead of waging war overseas,” Platner said in a Facebook address announcing his exit, two days before sending the formal letter.
Platner’s successor will be selected during a nominating convention on July 25. Since his exit, candidates vying to replace him have staked out their own stances on Israel, with others besides Bellows saying publicly for the first time that they believe Israel committed genocide in Gaza. Israel and its supporters reject the claim, which a recent poll found that half of Democrats believe.
This article originally appeared on JTA.org.
The post Another Graham Platner potential replacement now says Israel committed genocide in Gaza appeared first on The Forward.
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Rep. Ro Khanna says armed settlers detained him in the West Bank; IDF disputes account
(JTA) — California Democratic Rep. Ro Khanna, who is eyeing a 2028 presidential bid, says he was detained last week by armed Israeli settlers in the West Bank last week — and that Israeli soldiers who arrived “took the settlers’ side.”
The IDF disputed that characterization. The military said in a statement that it received a report of Israeli civilians unlawfully blocking the vehicles of foreign nationals and members of the media near the Palestinian West Bank hamlet of Khirbet Zanuta, and that troops dispatched to the scene “quickly dispersed the Israeli civilians” and reopened the road. Its soldiers, the IDF said, did not take part in blocking the road. The military also said Khanna did not coordinate his visit with the IDF.
The incident took place Wednesday during Khanna’s to the West Bank and broke into public view over the weekend, as Khanna made a number of allegations against the Israeli military while sharing his account.
Khanna’s description of the length of his delay has varied, from about 20 minutes to 90 minutes. Khanna has also claimed the Israeli government and the U.S. Embassy were notified of his trip.
Israel’s ambassador to the United States, Yechiel Leiter, disputed that on Sunday, saying Khanna’s office had asked only about visas and declined the embassy’s request to coordinate the trip. Leiter also said Khanna’s office had not responded to an offer of meetings with survivors of the Hamas-led Oct. 7 attack.
The incident is the latest flashpoint in mounting criticism of Israel within the Democratic Party, where Khanna is a leader of the pro-Palestinian left flank.
Khanna has repeatedly pointed out that the settlers carried American-made M4 rifles, which he described as “machine guns.” Khanna has called for a ban on all U.S. weapons sales to Israel, including defensive Iron Dome munitions.
In the wake of Oct. 7, Khanna has evolved from a staunchly pro-Israel Democrat into one of Israel’s fiercest critics in Congress. He went from taking money from the liberal J Street and voting to fund Israel’s Iron Dome in 2021 to securing the backing of Track AIPAC, a group that monitors donations from pro-Israel organizations and issues endorsements and “anti-endorsements” of candidates.
Appearing on “Meet the Press” on Sunday, Israeli Prime Minister Benjamin Netanyahu said Israel is “a country of laws” that prosecutes lawbreakers, and attributed settler violence in the West Bank to roughly 150 “juvenile delinquents” he described as unrepresentative of a mostly law-abiding settler community. He said he does not want “vigilantes of any kind.”
Appearing after him on the same broadcast, Khanna rejected the Israeli account. “The IDF is lying,” he said, calling for an investigation of the four soldiers.
“He said Israel is a country of law and order,” Khanna said about Netanyahu. “Well, let me be very specific. The prime minister needs to open an investigation on these violent settlers who are connected to Yinon Levi, who has destroyed Zanuta’s village and is a known person who has killed Palestinians.”
Levi was indicted last year following the fatal shooting of a prominent Palestinian activist, Awadh Hathaleen, in a village neighboring Kirbeit Zanuta.
Khanna is not the first American to have been detained in the West Bank. In March, CNN’s Jeremy Diamond and his crew were detained for about two hours by Israeli reservists while reporting in the northern West Bank. In that case, in which the crew recorded a soldier assaulting a detainee and making inflammatory comments about Jewish control of the disputed region, the Israeli military suspended the battalion involved and apologized to CNN, with its chief of staff calling the episode a “grave ethical incident.”
In Khanna’s case, no arrests have been made — though the IDF said in its statement that the identity of at least one armed individual is under review.
This article originally appeared on JTA.org.
The post Rep. Ro Khanna says armed settlers detained him in the West Bank; IDF disputes account appeared first on The Forward.
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Israel’s elections are set for Oct. 27, triggering mad dash for scarce plane tickets for Israelis abroad
(JTA) — After several months in which it seemed possible that elections would be called earlier, Israel now has a date for its voters to head to the polls to pick a new government.
The Knesset House Committee on Sunday affirmed an election date of Oct. 27, the latest allowed under law, following months of political maneuvering to force an early collapse of the government by both the opposition and the governing coalition.
The determination puts Prime Minister Benjamin Netanyahu’s government on track to be the first to complete a full term in more than half a century, with the Knesset set to disperse on July 17.
The timeline means that the intense final weeks of campaigning will overlap with the three-year anniversary of the Oct. 7, 2023, attack on Israel that is looming large over the race, particularly for Netanyahu, who was in charge at the time.
It also means that Israelis living abroad — who number more than ever before — now know when they must be in Israel if they wish to vote. Unusually, Israeli law does not allow for absentee voting except in a narrow number of situations, meaning that almost anyone with an Israeli passport who lives outside of Israel must travel back to cast a ballot.
In past elections, Israelis abroad have faced tough decisions about whether to fly home to vote — most recently in 2022, when Israel had a fifth round of elections in four years.
This time around, there are even greater pressures. A record number of Israelis have moved abroad in recent years, with 70,000 leaving in 2025 alone and causing Israel to experience an unusual net migration loss. Flights, meanwhile, are historically expensive, owing to cancellations by foreign carriers amid war-induced uncertainty. At the same time, the stakes of the election are high, with analysts and politicians of all ideologies warning that Israel’s democracy is at an inflection point.
Netanyahu and his supporters say reelecting him is the only way to keep Israelis and Jews around the world safe, while a wide range of opposition parties say only they can safeguard the country’s future, For now polls suggest that the opposition has a majority of voters’ support — though it’s not clear which bloc will have the necessary votes to form a government and, within the opposition bloc, which parties will command
Recent polls have shown a new party formed by Gadi Eisenkot, a former army chief whose son was killed during the Gaza war, leading among the opposition and rivaling Netanyahu’s own Likud party in its share of voters. A joint party led by the former prime ministers Naftali Bennett and Yair Lapid also has support from significant numbers of voters, as does a left-wing party led by the retired army general Yair Golan. Parties will hold primary elections in the coming weeks.
Some initiatives are already underway to help Israelis abroad get home for the election. The AID Coalition is collecting information from interested Israelis with the goal of potentially chartering flights to boost the number of people who can make the trip — though each voter will bear his or her full costs.
“Don’t let distance silence your voice,” the group tweeted on Sunday, after the election date was announced.
Meanwhile, Israeli academics have set a slew of conferences for the days before the election, across dozens of fields. Israeli Science and Academia Week says it “seeks to leverage the arrival of thousands of Israeli researchers from abroad to Israel during the Knesset election period to create professional meetings, encourage research collaborations, reveal new academic opportunities, and strengthen the international status of Israeli academia.” It may also have the effect of enabling Israeli academics working abroad to get their institutions to subsidize their travel and permit them leave during the school year.
Israelis posting to social media are already noting a spike in ticket prices just ahead of Oct. 27. But many are also sharing screenshots of their ticket receipts that show the number of days until their trips — and the election.
“My entire feed is full of screenshots of flight tickets to Israel for election day. People spending money, taking time off, and coming specifically just to vote,” tweeted Avi Edelson, an anti-government activist. (His LinkedIn account identifies him as working at El Al, Israel’s main airline.) “It reminds me how much people care about the future of this country.”
This article originally appeared on JTA.org.
The post Israel’s elections are set for Oct. 27, triggering mad dash for scarce plane tickets for Israelis abroad appeared first on The Forward.
