Connect with us

Uncategorized

Miami-Dade county in Florida raises the limit on investments in Israel bonds

(JTA) — The Miami-Dade region in Florida can spend millions more tax dollars on Israel, after officials increased the share of county investments that can include Israeli bonds.

The Board of County Commissioners approved a resolution last week toward the start of a seven-hour meeting, in a unanimous, single vote that grouped together numerous ordinances. This action enables the county to invest up to 5%, rather than 3%, of its $9 billion in investments in these bonds — debt issued by the Israeli government sold by a U.S. underwriter.

Despite the previous cap of 3%, Israeli bonds only make up about 1.48% of Miami-Dade’s portfolio, or roughly $130 million, according to the county’s third-quarter investment report.

Known as “Israel Bonds,” these loans are deeply rooted in the Diaspora’s relationship with the country. Israel, like many countries, raises money by selling bonds to investors, who then receive repayments with interest after a specified time period. But for American Jews, these bonds are issued via the U.S.-based Development Corporation for Israel, which has served as the underwriter since 1951.

As for Miami-Dade, the county began purchasing Israeli bonds in 2016. But these investments increased substantially just after Hamas’ Oct. 7, 2023, attacks on Israel. At the time, Miami-Dade Mayor Daniella Levine Cava announced that the county would be boosting these investments from $51 million to $76 million.

Palm Beach County made a similar decision at the time, as did cities, counties and states around the country.

Nonetheless, activists nationwide have increasingly been pushing governments to stop investing in Israel bonds, citing the Jewish state’s military operations in Gaza.

An initiative called “Break the Bonds,” launched by the progressive Jewish Voice for Peace group, claims that “the Israeli military is committing a genocide of Palestinians in Gaza,” and that community investments in such bonds are enabling the situation.

“At a time when so many people in our community are struggling, we believe our public dollars should be invested in our communities and in meeting the needs of the people who live here,” JVP South Florida said in a statement, prior to last Tuesday’s vote.

Israel Bonds representatives did not reply to repeated requests for comment.

Given the resolution’s swift passage, which occurred without a public hearing at the board meeting, detractors signed up to testify about an unrelated item in order to voice their concerns.

“My tax dollars should be kept safe and should be working to benefit my community,” Coconut Grove resident Jared Simon, who identified himself as Jewish, told the commissioners.

“You didn’t even allow public comment on it before voting,” he said. “Your constituents do not want their tax dollars funding the functions of the Israeli government.”

Addressing the lack of public hearing, the commissioners responded that residents already had the opportunity to speak about the resolution during a session earlier this summer.

That session occurred on July 15, when the Intergovernmental and Economic Impact Committee advanced the rule to the Board of County Commissioners with a favorable recommendation.

Among the most prominent speakers to take the podium — even though he had apparently not registered to do so — was James Fishback, a far-right former gubernatorial candidate and sharp critic of Israel. Alleging that the commissioners “unanimously voted to give up to $450 million of money to Israel,” Fishback said he’d rather not be “escorted out by these great men in uniform.”

“Do you serve the people of Hialeah or of Haifa? Do you serve the people of Aventura or of Tel Aviv?” he asked the commissioners. “Do you serve the people of South Miami or of Jerusalem? This money should be invested here in this community.”

As the sergeants escorted Fishback out of the auditorium, another individual screamed “America First!” from the audience.

Oliver Gilbert, one of the commissioners, responded that the “board today didn’t vote to give any money to anyone,” stressing that they just “set investment criteria.”

Before Tuesday’s meeting reached its most heated point, Keon Hardemon, another commissioner, told the audience that he and his colleagues “don’t care what you’re talking about, what subject it is that you don’t like, what you care for, what you don’t care for, what your politics are.”

“What we are not going to stand for are people who want to make anyone in this room feel uncomfortable,” Hardemon added.

Yet immediately after this intervention, public outcry over the resolution, known as 11A2, continued.

Miami resident Mina Trachtenberg argued that county investment policies require the prioritization “of public funds and liquidity of public funds above all else.”

“The resolution passed today achieves the opposite of that, opening the door to the purchase of high-risk, even junk-quality bonds of a foreign entity,” Trachtenberg said. “Please divest from apartheid.”

Anthony Rodriguez, the chairman of the Board of County Commissioners, eventually instructed the sergeants in the room to eject anyone who refused to comply with the rules.

Just after those instructions, Miami resident Mohammed Mohammed came to the podium, voicing his alarm that he was “going to be escorted out just for being Palestinian.”

“That’s not the case. Let’s not put words in anybody’s mouth,” a visibly frustrated Rodriguez responded. “You just have to follow the order and speak on the item.”

Mohammed then declared “that 11A2 is an absolute disgrace,” leading Rodriguez to summon the sergeants and declare that the speakers just “want their minute of fame.”

The rule’s sponsor, commissioner René García, explained that the county invests about $9 billion, with the intention of generating “a greater return of money” to fund public needs. García, a former Republican state senator, explained that the rule simply ensures “more flexibility and more liquidity” for certain investments.

In addition to raising the investment cap from 3% to 5%, the resolution would also reduce the maturity of “bonds backed by the full faith and credit of the state of Israel” from five to three years.

Within that text, the authors also deleted a clause that previously had required Israel to have an “A” credit rating from at least two agencies. That revision stemmed from a recent Florida statute allowing investments in Israel bonds regardless of the country’s rating. This change was particularly noteworthy because credit ratings of Israel have fluctuated in the past few years.

This article originally appeared on JTA.org.

The post Miami-Dade county in Florida raises the limit on investments in Israel bonds appeared first on The Forward.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

Huckabee calls settler attack on Washington Post photographer a ‘despicable act of terror’

(JTA) — U.S. Ambassador to Israel Mike Huckabee on Saturday condemned an attack in the West Bank by masked settlers on a Washington Post photographer. The attack, which also targeted Palestinians harvesting their olives, occurred Friday and comes amid a sharp rise in settler violence.

Heidi Levine, the Washington Post photographer who holds U.S. citizenship, described the attack to reporters from her hospital bed.

“I got jumped and I saw in the very beginning at least 25, maybe 50 of them, and I was on the ground and they were kicking me for like 10 minutes,” she said.

“We have called for a full investigation, arrest, and prosecution to the fullest extent of the law to whoever participated in this,” Huckabee wrote on X. “Attacking a female photographer is a despicable act of terror carried out by masked cowards. Dishonorable act of senseless violence.”

Israeli President Isaac Herzog also condemned the “shocking violence” and said he had called Levine to apologize. “I expressed my deepest sorrow to Heidi and apologized for what she went through. The despicable behavior of the perpetrators of this attack does not represent the citizens or the values of the State of Israel.”

Video footage from the scene shows masked settlers surrounding and attacking Levine. Some settlers at the scene were masked and carrying weapons. Palestinians can also be seen throwing stones toward the settlers.

A Palestinian was reportedly shot in additional clashes in the area. The Israel Defense Forces alleged in an official statement that soldiers “fired toward a suspect who ran toward them, carrying a sharp object and posed a threat.” Several vehicles were set on fire by the settlers.

Prime Minister Benjamin Netanyahu was equivocal in addressing the attack, stopping short of directly condemning the assailants.

He said that the circumstances in which Levine was allegedly assaulted “remain unclear,” while adding that “Israel unequivocally condemns violence against anyone.”

According to Netanyahu’s statement, “200 Arabs and far-left activists confronted approximately 40 Israeli youths.”

“We will not allow disputed incidents to be exploited to demonize the hundreds of thousands of law-abiding Jewish residents of Judea and Samaria,” the statement said, using the biblical names for the West Bank.

Netanyahu faces elections in less than two weeks and can ill afford to alienate his far-right coalition partners who are aligned with extreme settler factions.

Israeli opposition leader Yair Lapid, by contrast, issued a forceful condemnation of the attack and linked it to the policies of Netanyahu’s government.

“Jewish terror attacks, this time targeting a Washington Post photographer as well, are not a failure of the government — they are the government’s policy,” Lapid said.

“We will put an end to this. It is a disgrace to the State of Israel, a disgrace to the Jewish people, and a disaster on the international stage,” he added. Settler violence against Palestinians in the West Bank has surged since the Oct. 7, 2023, Hamas-led attack on Israel. Netanyahu’s government has sought to downplay the phenomenon, often portraying the perpetrators as a small group of violent youths. But numerous figures in Israel’s political and security establishments have warned that the violence is a broader and dangerous phenomenon.

Levine told reporters the settlers forcibly took her equipment. “All I remember afterwards is that Palestinians managed to come and rescue me and try to carry me, and then an ambulance came,” she said.

The IDF acknowledged the incident in an official statement, saying that “a female journalist was injured” during a “confrontation.” The military said troops dispersed those involved and that “details of the incident will be examined.”

“Violence against innocent civilians is a grave and intolerable phenomenon that requires a coordinated, multi-agency response. The IDF will work together with the relevant authorities to eradicate this phenomenon,” the military said.

The IDF did not announce any arrests in connection with the attack. Settler violence against Palestinians in the West Bank has frequently gone unpunished, with many such incidents resulting in no arrests.

The Foreign Press Association, which represents international media in Israel and the Palestinian territories, condemned the attack, saying Levine was “badly beaten by Israeli settlers” and had sustained moderate injuries.

“This is the latest in a long line of violent attacks by Israeli settlers against journalists and other civilians in the occupied West Bank. Yet our repeated calls for action to confront this lawlessness have been ignored by Israeli authorities,” the association said.

Matt Murray, executive editor of the Post, issued a statement calling for an investigation. “While we are relieved that Heidi has received medical care and is safe, we are outraged by this unwarranted attack on a journalist doing her job and urge a thorough investigation and follow-through from authorities,” Murray said.

The post Huckabee calls settler attack on Washington Post photographer a ‘despicable act of terror’ appeared first on The Forward.

Continue Reading

Uncategorized

As Netanyahu loses support before election, Ben-Gvir rises in polls

(JTA) — RAMLA – Prime Minister Benjamin Netanyahu and the parties in his coalition seem to be losing support heading into Israel’s first election since Oct. 7 – with one exception. Otzma Yehudit, headed by Minister of National Security Itamar Ben-Gvir, is seeing a rise in the polls.

Ben-Gvir’s growing popularity ahead of the Oct. 27 election was on full display on a recent weekday when the far-right politician, surrounded by a massive entourage of security guards, police and flag-waving fans, made his way through the central Israeli city of Ramla’s marketplace.

Yet, amidst the cheering and celebration, the extreme nationalism that has contributed to his meteoric rise through the ranks of Israel’s political system – and made Ben-Gvir a household name even beyond Israel’s borders – also drew ire and deep-seated fear in this city known for its mixed Jewish-Arab population.

“Here comes the next defense minister,” a gaggle of teenage boys in matching Ben-Gvir T-shirts chanted as the minister walked through the market, greeting shoppers and stallholders begging for selfies. Ben-Gvir has his sights set on being Israel’s next minister of defense, a huge promotion from his current role managing internal security.

At several of the stalls, the controversial minister stopped to embrace vendors. At a pickle stand, he sampled olives. At a candy store, the owner joyously threw handfuls of small candies over the passing group. And at a juice stand, Ben-Gvir and his entourage were treated to complimentary cups of lemonade.

The minister, elated by the welcome, smiled and waved at passersby, grabbing phones to take selfies, and even chatting with excited fans on video calls.

Beyond the celebration in Ramla, however, Ben-Gvir has been condemned in Israel and beyond for calling for the expulsion of Gazans and using dehumanizing language about Palestinians. A disciple of Jewish extremist Meir Kahane, he for years kept a photo of Baruch Goldstein, who mowed down Palestinian worshippers at a Hebron mosque, in his living room.

It is not only his rhetoric and symbolic gestures that have drawn polarizing admiration and anger. During his four years as national security minister, Ben-Gvir has actively downgraded conditions in Israeli jails, pushed through a law establishing a death penalty for Palestinian terrorists and has led the police during the proliferation of settler violence against West Bank villagers.

These measures have earned opprobrium abroad, but they appear to be winning votes. His supporters are ever more impressed with how he puts his words, and paperwork, into action – and shares it proudly on TikTok.

Polls published this week show that even as Netanyahu and his coalition partners are losing votes to the opposition bloc led by former IDF chief Gadi Eisenkot, Ben-Gvir is getting more. Otzma Yehudit, translated as “Jewish Power,” is predicted to increase from its current six seats to as many as nine.

On the ground, in the marketplace in Ramla, Ben-Gvir’s visit drew extreme reactions ranging from sheer joy to pure anger.

“I love Ben-Gvir,” gushed Hodaya Nabara, 52, who seconds before snapped a selfie with the politician. “He does what he says he will do.”

A resident of southern Israel, Nabara said she was most impressed by how he had ordered the demolition of illegally built homes, in some cases whole villages, built by the burgeoning Israeli Bedouin population, in the Negev region where there is little oversight of construction, and where Bedouin say the government neglects their needs.

“They need to know there is a red line and they can’t do whatever they want,” she said.

But as the entourage passed by Michal Sharabi, the 53-year-old began hurling insults at him and shaking.

“I can’t stand him at all, because of him there is no peace in this country,” she told JTA after calming down. “He is a lowlife, and the people going with him don’t believe in themselves. Is he not embarrassed to come to this city, where Jews and Arabs live together … It’s a chutzpah. I’m furious.”

In a nearby grocery store, a mixed group of Arabs and Jews frowned at the unfolding spectacle.

“We don’t like being defined as Arabs or Jews; we are ‘Ramlaim’ (residents of Ramla),” insisted Uri, who said he was Jewish but declined to give his full name. “We are all neighbors here, and he is making people fight.”

His friend, Hamudi Abu Ghanam, said Arab residents of the city like him were impacted by the events of Oct. 7, 2023, when Hamas launched deadly raids inside Israel, just like the Jews, and many came to help out but that Ben-Gvir still incited against them.

“He is racist,” he said. “Since Oct. 7, we are all against Hamas, and instead of saying thank you, he comes and destroys people’s homes.”

Ben-Gvir’s stop in Ramla struck a particular nerve because the city, which is about 78% Jewish and 22% Arab, was a central point of tension in 1948 when Israel was created. For Arabs, the evidence of the Nakba, which Palestinians call the “catastrophe” of Israel’s creation that displaced the local Palestinian Arab population during its war of independence, is all around in ruins.

At one point on his jaunt through the market, two Arab girls donning traditional hijab headcoverings hovered nearby, but they quickly made a U-turn when they realized who was at the center of the commotion.

Some Jewish onlookers pointed to his theatrics as reasons they were unimpressed by him. Benny Muhtar, 68, a Jewish resident of Ramla, told JTA he thought Ben-Gvir was full of “hot air” – a populist with no substantial policies.

“Look at the young men surrounding him; they are making a lot of noise like this is a serious campaign … that is what is making the people look up and take notice, but none of it is real, and he is doing a lot of damage,” he said.

Others enjoyed the spectacle but, with less than two weeks to go until casting their vote, were still unsure whom they would choose.

“He’s done a lot of really good things,” said Edna Mahbesh, 65, who was handing out the free lemonade. “I really hope he is successful in the election.”

But she was not sure if she would actually vote for him.

“I’ll decide that next week,” she said.

Arbel Flehandler, 19, a first-time voter, stood on the side, watching in awe as the politician passed by.

“He is really good and does a lot of good things,” he said. “I am definitely going to vote for a right-wing party, but not sure if I will vote for him or not. This is my first time, and I am still thinking about it.”

Zehava Perets, 80, said the reactions to Ben-Gvir showed just how polarized Israel is right now.

“It is such a shame there are so many divisions,” she said. “I really don’t know who I will vote for … There are a few good people in each bloc, but it is impossible to get them to work together.”

Liron Lavie, an assistant professor in the Department of Political Studies at Bar-Ilan University, said the extreme reactions for and against Ben-Gvir “speaks to how politics works these days” – as politicians “connect with the electorate through emotional reaction and a sense of pride or fear.”

She said Ben-Gvir should be viewed as part of the “larger global trend where far-right parties are getting stronger.”

Lavie assessed that Otzma Yehudit benefited from the growing appeal of providing simple solutions and simple messaging – and that Ben-Gvir was especially effective on social media platforms such as TikTok.

“At the end of the day, people prefer simple messages,” said Lavie.

She also said that Ben-Gvir, despite being in the government on Oct. 7, had successfully distanced himself from that fact and positioned himself as a strong alternative to Netanyahu on the right.

“Likud and Netanyahu are losing ground,” she said. “They are being criticized about how they managed the situation, either from the center and left or from the right, allowing voters to go to Ben-Gvir, who was able to position himself as an [alternative] to Netanyahu from the right.”

This article originally appeared on JTA.org.

The post As Netanyahu loses support before election, Ben-Gvir rises in polls appeared first on The Forward.

Continue Reading

Uncategorized

Jewish Democrats launch ads blasting Young Republicans for praising Hitler

(JTA) — The Jewish Democratic Council of America is launching an attack ad on social media in battleground districts, slamming Young Republicans for praising Hitler and using antisemitic tropes in group chats.

The new ad, which is running on Meta platforms, warns of “thousands of messages shared in a group chat,” in which “members muse about using gas chambers against political opponents.” Readouts play over images of text messages such as “I love Hitler,” uncovered in a Politico investigation last year of exchanges between leaders of Young Republican groups across the country on the Telegram app.

The ad also includes footage of Vice President JD Vance responding to the revelations by saying that “we’re not canceling kids because they do something stupid in a group chat.”

A PBS News anchor then warns that “this is the speech of Republicans today who are going to be the leaders of the party tomorrow.”

“They’re voting. Are you?” the ad concludes.

The JDCA ad blitz comes as each party is trying to paint the other as extreme – with Democrats accusing Republicans of associations with far-right racists and Republicans linking Democrats to anti-Israel candidates and officials, including Michigan Senate nominee Abdul El-Sayed and New York Mayor Zohran Mamdani.

Haile Soifer, CEO of the JDCA, said in a statement that the ad aims to remind “younger Jewish voters across the country of the GOP’s dangerous extremism ahead of the midterms.”

“If young Republican leaders feel emboldened to praise Hitler in group chats, we shouldn’t be surprised Republicans under Trump echo, espouse, and amplify extreme rhetoric and antisemitic tropes,” Soifer added.

The ads, which the JDCA says cost close to $300,000, are targeting Jewish voters in six key states – Ohio, Michigan, Texas, Georgia, North Carolina and Iowa – and in every House district that the Cook Political Report deems a “toss-up,” a JDCA spokesperson said.

The JDCA has not endorsed El-Sayed.

The ads are aimed at “reaching younger Jewish voters,” a JDCA spokesperson said.

The text messages in the ads have been circulating since last October, when Politico unearthed a slew of chats from a Telegram channel.

The Kansas Young Republican club and New York’s statewide Young Republicans organization were disbanded shortly after the exposé’s publication, but a New York City counterpart, the New York Young Republicans Club, remained operational. The club hosted a gala in December that welcomed white nationalists and antisemitic conspiracy theorists.

Other cohorts that have since come under fire for similar such chats, including the University of Florida’s College Republicans chapter and the Florida International University College Republicans club.

Meanwhile, a Young Republican whose “I love Hitler” text was featured in the exposé is now defending his actions. Denying that he is antisemitic, he wrote that he’s “a guy with a dark sense of humor who sometimes finds himself funnier than he actually is.”

He accused fellow Republicans of becoming “the party of pearl-clutching,” using a term describing theatrical reactions to a situation that isn’t truly scandalous.

The vice president also denounced the phenomenon of pearl clutching, as noted in the soundbites of the JDCA ad. Vance, instead, described the text messages as “edgy, offensive jokes.”

The Young Republicans did not immediately respond to a request for comment.

This article originally appeared on JTA.org.

The post Jewish Democrats launch ads blasting Young Republicans for praising Hitler appeared first on The Forward.

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News