Connect with us

Uncategorized

Credit Suisse is limiting probe into Nazi bank accounts, US lawmakers say

(JTA) — The U.S. Senate Budget Committee has accused Credit Suisse of impeding an investigation into former accounts at the bank held by Nazis, including many who fled to South American countries after World War II.

On Tuesday, the committee released two reports, one by an independent ombudsman the bank had hired to oversee the investigation and one by a forensic research team. The bank fired the ombudsman, American lawyer Neil Barofsky, in November, months into his investigation.

“Credit Suisse’s decision to stop its review midstream has left many questions unanswered, including questions about the thoroughness of its prior investigative efforts, the extent to which it served Nazi interests and the bank’s role in servicing Nazis fleeing justice after the war,” Barofsky wrote in his findings, according to reports.

Sen. Chuck Grassley, the Senate committee’s ranking Republican, added in a statement on Tuesday: “When it comes to investigating Nazi matters, righteous justice demands that we must leave no stone unturned. Credit Suisse has thus far failed to meet that standard.”

Jewish organizations have long claimed that in addition to playing a key role in financially supporting Nazi Germany, Credit Suisse has held onto money looted from Jews long after the war. In 1999, the Swiss bank paid Jewish groups and Holocaust survivors a settlement of $1.25 billion in restitution for withholding money from Jews who tried to withdraw their funds.

In 2020, the Simon Wiesenthal Center, an antisemitism watchdog named after a famed Nazi hunter, reported that an Argentine investigator had found evidence that thousands of Nazis who fled to Argentina had kept accounts at Credit Suisse for decades, some with looted funds. The bank then opened an internal investigation.

Earlier this year, Grassley said that he had “received credible allegations of potential wrongdoing related to Credit Suisse’s internal investigation, including specifically the questionable removal of Mr. Barofsky in late 2022.”

“[T]he information we’ve obtained shows the bank established an unnecessarily rigid and narrow scope, and refused to follow new leads uncovered during the course of the review,” Grassley said in a statement.

According to the Associated Press, the forensic firm AlixPartners’ report showed that 21 Credit Suisse accounts had connections to Nazis, including multiple SS officers, on the Wiesenthal Center 2020 list. The New York Times reported that Barofsky, who was hired by the bank in February, had not found any accounts definitively linked to Nazis that were still open at the time of his firing, but he wrote that he was in November still looking into accounts not included in the 1990s report that he believed could have held Nazi money.

The bank said in a statement that the new reports confirm “existing research on Credit Suisse’s history published in the context of the 1999 Global Settlement that provided binding closure for the Swiss banks regarding all issues relating to World War II.”

The probe will continue in some form, as the Senate committee noted that the bank “committed to further investigate its apparent role in supporting Nazis fleeing from justice after WWII.”

Thousands of Nazis fled Europe to havens in Latin America after the war, most notably to countries such as Argentina and Brazil but also to others such as Paraguay, Uruguay and Peru.

Switzerland had long claimed full neutrality during World War II, but the 1990s investigations into banks and other wartime financial dealings with Nazi Germany shattered that reputation. The country’s financial system, it was revealed, had laundered gold and other stolen goods through the war and resisted pushes in its immediate aftermath to pay restitution to Jewish victims of the Nazis.


The post Credit Suisse is limiting probe into Nazi bank accounts, US lawmakers say appeared first on Jewish Telegraphic Agency.

Continue Reading

Uncategorized

RFK Jr.’s poems to Olivia Nuzzi are peak cringe — so were King Solomon’s

Imagine receiving a love poem that reads: “Your breasts are like two fawns, twins of a gazelle, browsing among the lilies,” going on to say that they are a “mount” that the author wishes to “betake” himself to.

That particular line is from the Song of Songs, the sexiest book in the bible. But it doesn’t sound all that different from the poetry that Robert F. Kennedy Jr. allegedly wrote to journalist Olivia Nuzzi during what she claims was a purely “digital” affair between the two of them.

“Yr open mouth awaiting my harvest,” the former presidential candidate and current Secretary of Health and Human Services texted Nuzzi according to Ryan Lizza, her ex-fiancé; he released the “poetry” in a series of tell-all Substack posts about the affair.

The nature metaphors go on, as he allegedly instructs Nuzzi to “drink” from him: “‘Don’t spill a drop,’” he exhorts Nuzzi. “I am a river. You are my canyon. I mean to flow through you.”

This thinly-veiled description of a blow job is going viral online, where people cannot stop making fun of RFK’s literary stylings. “This is why we need better education in the humanities,” joked one post.

But the quality of love poems — or sexts, or erotica — is often in the eye of the beholder. (Though there are a few timeless classics, like The Book of O.) From inside the relationship, already dizzied by lust or love, the sexual descriptions can read as head-spinningly romantic even if, from the outside, they’re painfully awkward to read.

Perhaps this is also why the Song of Songs is usually interpreted allegorically, as a description of God’s love for the people of Israel, in Judaism. Later, Christians interpreted the book as a paean to the love between Jesus and the church. If it means what it seems to mean — if the breasts the author is lusting after are literally breasts — it’s just too racy. And, perhaps more importantly, too cringe.

The book is traditionally believed to be by King Solomon, one of the most venerated kings of ancient Israel, known for his wisdom. (Not incidentally, he is also known for his hundreds of wives and concubines.) And, of course, it’s included in the Bible, a holy text. And yet it is full of both open discussion of breasts and beauty, as well as metaphors that are about as subtle as RFK Jr.’s.

“His fruit is sweet to my mouth,” goes one line in the Song of Songs. “He brought me to the banquet room and his banner of love was over me.” Interpret that how you will, but eating sweet fruit seems thematically similar to opening one’s mouth to receive the bounty of a harvest.

Erotic texts were, in the era the Song of Songs was likely written, often part of the religious ceremonies of other traditions, particularly in fertility cults in the area. Still, how do you justify a great wise king discussing his lover’s breasts and dreaming of how her “rounded thighs are like jewels” — especially a king that was supposedly a titan of monotheism? Well, Rashi — one of the most famous Jewish textual commentators — interprets the breasts in the line “My beloved to me is a bag of myrhh, lodged between my breasts” as referring to “the two staves of the Ark.” Which seems like a stretch.

Of course, no one is trying to interpret RFK Jr.’s alleged poetry to be about God; he is nowhere near as venerated as King Solomon, and some of the other lines are less metaphorical. Plus, hundreds of years haven’t passed to blur the meaning of his words. But even with the centuries of interpretations, Solomon’s meaning is as clear as a freshwater stream. Or a river.

The post RFK Jr.’s poems to Olivia Nuzzi are peak cringe — so were King Solomon’s appeared first on The Forward.

Continue Reading

Uncategorized

Bank of Israel Cuts Rates for First Time Since January 2024 as Inflation Eases After Gaza Truce

The Bank of Israel building is seen in Jerusalem, June 16, 2020. Photo: REUTERS/Ronen Zvulun

The Bank of Israel cut interest rates by a quarter-point on Monday, its first reduction in nearly two years, citing a moderation in inflation following the ceasefire in Gaza while expressing caution over the prospect of future cuts.

The cut in the benchmark rate to 4.25% from 4.5%, widely expected by analysts and financial markets, came after other global central banks had already begun to ease monetary policy and last month’s US-brokered truce between Israel and Palestinian terrorist group Hamas took hold.

“The Monetary Committee’s policy is focusing on price stability, support for economic activity, and stability of the markets,” the central bank said in a statement.

“The interest rate path will be determined in accordance with the development of inflation, economic activity, geopolitical uncertainty, and fiscal developments,” it said.

The committee lowered the key rate by a quarter-point in January 2024 at the outset of the Gaza war but has taken a conservative stance since then, opting for caution during the two-year conflict while price pressures rose, largely due to supply constraints.

But Israel‘s inflation rate has eased, and held steady at 2.5% in October to stay within an official 1-3% annual target range.

The central bank acknowledged inflation has moderated in the past two months but that “forecasters project that there will be some increase in inflation at the end of the year, and that it will then decline and stabilize around the midpoint of the target range.”

It added that the labor market remains tight and wage pressures continue to rise while home prices are declining.

At the same time, the Bank of Israel pointed to a sharp rebound in economic activity in the third quarter, gaining an annualized 12.4%, but that “its level remains lower than its long-term trend.”

Since the prior rates decision in late September, the shekel also has appreciated versus the dollar, euro and other trading partners.

“The data from recent months have … created a clear need for a cut,” said Ron Tomer, president of the Manufacturers’ Association.

“The Bank of Israel’s decision to lower the interest rate is a responsible step that helps curb the appreciation and restore competitiveness to the economy,” said Tomer, who called on the bank to cut again before its next meeting in early January.

The Oct. 10 ceasefire in the two-year Gaza war has eased the conflict and, although looking increasingly fragile, has for now reduced geopolitical risk and eased price pressures.

“Today’s interest rate cut joins a series of steps and clear signs — Israel is on the path to tremendous economic growth,” said finance minister Bezalel Smotrich.

Continue Reading

Uncategorized

Saudi Arabia to Open More Alcohol Stores as Curbs Ease, Sources Say

An employee pours a draft non-alcoholic beer at the A12 cafe in Riyadh, Saudi Arabia, Nov. 24, 2025. Photo: REUTERS/Staff

Saudi Arabia plans to open two new alcohol stores, including one serving non-Muslim, foreign staff at state oil giant Aramco, as the kingdom further eases restrictions, according to people briefed on the plans.

The launch of outlets in the eastern province of Dhahran and one for diplomats in the port city of Jeddah would be a further milestone in efforts, led by de facto ruler Crown Prince Mohammed bin Salman, to open up the country.

The kingdom, which is the birthplace of Islam, last year opened an alcohol store serving non-Muslim diplomats in the capital Riyadh – the first such outlet since a ban was brought in 73 years ago.

STORE PLANNED IN ARAMCO COMPOUND, SAYS SOURCE

The new store in Dhahran will be set up in a compound owned by Aramco, one of the three people who talked to Reuters said.

That store would be open for non-Muslims working for Aramco, added the source, who said Saudi authorities had informed them of the plan.

Two of the sources said a third liquor store was also in the works for non-Muslim diplomats in the city of Jeddah, where many foreign countries have consuls.

Both stores were expected to open in 2026, but no timelines had been released, two of the sources said.

The government media office did not immediately reply to questions over the plans for the stores in both locations, which were previously unreported. Aramco declined to comment.

There was no officially announced change made to regulations after the opening of the Riyadh store in a nondescript building in the diplomatic quarter known to some diplomats as the “booze bunker.”

The Riyadh store’s customer base was recently expanded to include non-Muslim Saudi Premium Residency holders, two of the sources said. Premium residencies have been awarded to entrepreneurs, major investors and those with special talents.

Before the Riyadh store, alcohol was largely only available through diplomatic mail, the black market or home brewing.

In other Gulf countries, apart from Kuwait, alcohol is available with some restrictions.

REFORMS COVER EVENTS, WOMEN’S DRIVING

While alcoholic drinks are still off limits for the vast majority of the population, under bin Salman’s reforms both Saudis and foreigners can now take part in once unthinkable activities from dancing at desert raves to going to the cinema.

Other reforms have included allowing women to drive in 2017, easing rules on the segregation of men and women in public spaces, and significantly reducing the power of the religious police.

The kingdom has been easing restrictions to lure tourists and international businesses as part of an ambitious plan to diversify its economy and make itself less dependent on oil.

In May a media report, picked up by some international media after appearing on a wine blog, said Saudi authorities had planned to allow alcohol sales in tourist settings as the country prepares to host the 2034 soccer World Cup.

The report, which was denied at the time by a Saudi official, did not give a source for the information.

That report had sparked a vigorous online debate in the kingdom, whose king also holds the title of Custodian of the Two Holy Mosques – Islam’s most revered places in Mecca and Medina.

Social liberalization has proceeded at a breakneck pace but the leadership has taken a more gradual and cautious approach on the question of alcohol.

Saudi Arabia has been aggressively expanding its local tourism portfolio with the giant Red Sea Global development, which includes plans to open 17 new hotels by next May.

These ultra-luxury resorts remain dry.

Asked by Reuters this month if there were any plans to ease restrictions on alcohol to help attract foreign visitors, Saudi Tourism Minister Ahmed Al-Khateeb said: “We do understand that some of the international travelers want to enjoy alcohol when they visit the Saudi destinations but nothing has changed yet.”

Pressed on whether “yet” meant that could soon change, he said: “I will leave it to you on how to elaborate on it.”

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News