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Mike Bloomberg: Israel’s judicial reforms could make Brexit’s economic effects look like ‘bubkes’
(JTA) — Mike Bloomberg, the billionaire philanthropist and former New York mayor, is the latest pro-Israel stalwart to warn that Prime Minister Benjamin Netanyahu’s proposed judicial reforms could be catastrophic.
“Close allies bound together by shared values stand together in times of need — not only to support each other but to reaffirm the inviolable obligations we have to defend those values,” Bloomberg said Sunday in a New York Times op-ed. “And that is why I am standing up again now.”
Bloomberg, who served three terms as New York’s mayor and briefly ran as a Democrat for president in 2020, is the latest prominent Jewish figure who was often at the forefront of defending Israel to now say Netanyahu’s reforms, which would gut the independence of the judiciary, are endangering the country. Others have included Times columnist Bret Stephens, constitutional lawyer Alan Dershowitz and the former director of the Anti-Defamation League, Abe Foxman.
Bloomberg noted how, as New York mayor in 2014, he defied a Federal Aviation Administration order not to fly to Israel during its war that summer with Hamas. He also listed his philanthropic endeavors in Israel, including a health center named for his mother.
Bloomberg, who made his billions of dollars with his eponymous financial news and data firm, said Netanyahu’s planned reforms were harming the economy that he helped open up in his previous terms as prime minister.
“Unless he changes course, Mr. Netanyahu risks throwing all that progress — and his own hard-earned legacy — away,” Bloomberg wrote.” The economic damage could make the cost being paid by the United Kingdom for Brexit look like bubkes.” Britain’s economy has yet to recover from its withdrawal from the European Union.
Foreign investors have warned against investing in Israeli companies, the shekel’s value has fallen sharply and some Israeli companies have moved their money into overseas accounts to protest the judicial legislation and guard against its potential economic effects.
Bloomberg said he could understand why companies were pulling out of Israel, noting the protection that Israel’s courts have extended to women and minorities, including Arab and LGBTQ Israelis.
“In a disturbing sign, some people have already begun pulling money out of the country and re-evaluating their plans for future growth there,” he said. “As the owner of a global company, I don’t blame them. Companies and investors place enormous value on strong and independent judicial systems because courts help protect them — not only against crime and corruption but also government overreach. Just as important, they protect what their employees value most: individual rights and freedoms.”
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Palestinian Authority TV Denies Holocaust for Second Time in a Month
French President Emmanuel Macron welcomes Palestinian President Mahmoud Abbas at the Elysee Palace in Paris, France, Nov. 11, 2025. Photo: REUTERS/Benoit Tessier
Two weeks ago, Palestinian Media Watch exposed that Palestinian Authority (PA) television hosted a journalist who insisted the gas chambers “narrative” could be dismissed with “very simple evidence.”
Now, PA TV has done it again. This time, the channel invited a Syrian journalist who said the war in Gaza is the “real” holocaust while the history of the Nazi Holocaust of the Jews is a “game that Israel plays”:
Senior Syrian journalist Mustafa Al-Miqdad: “It is incumbent upon the Palestinians today and those who support them to show the extent of the holocaust and genocide that the Palestinians have experienced for two years and almost a month in the Gaza Strip …
[They] were subjected to this holocaust, the real one- Regarding the Holocaust of the Jews there are many question marks from the Westerners, and not from our side that we deny it. Even from the West in general there are many stories that refute the accuracy of the [Jewish] narrative even if they talk about part of it, they talk about this [lack of] accuracy. This is the game that Israel plays.” [emphasis added]
[Official PA TV, Capital of Capitals, Nov. 16, 2025]
Antisemitism and demonization of the Jews constitute a core ideology of the Palestinian Authority and pave the way for it to incite and justify terror against Israelis. A key PA strategy towards this end is to delegitimize the Jewish people and their history, while replacing it with a fabricated story.
Whether denying Jewish history in the Land of Israel to brand Jews as “colonialists” — or denying and appropriating the Holocaust — official PA TV consistently broadcasts content designed to cultivate hatred of Jews and Israel.
It is difficult to comprehend how any Western government, particularly France with all that it went through in World War II, can still speak of the Palestinian Authority as reformed or of its chairman as “charting a course toward a horizon of peace” when PA media continues to broadcast shocking forms of Holocaust denial and appropriation.
Yet French President Macron and others insist on rewarding the Palestinians with a state governed by this very PA. Instead of demanding the most basic moral prerequisite for statehood — ending institutional antisemitism — Western leaders turn a blind eye.
Ephraim D. Tepler is a contributor to Palestinian Media Watch (PMW). Itamar Marcus is the Founder and Director of PMW, where a version of this article first appeared.
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Norway Government Budget in Peril Over Oil, Wealth Fund’s Israel Investments
A general view shows Norway’s parliament in Oslo, Norway, Sept. 6, 2025. Photo: REUTERS/Tom Little
Norway‘s Labour government failed to win backing for its 2026 draft budget by an end-November deadline but talks will resume in parliament to find a compromise over oil drilling and the wealth fund’s Israeli investments, a negotiator said on Monday.
The Norwegian parliament is due to vote on the budget on Friday, and Prime Minister Jonas Gahr Stoere could be forced to call a vote of confidence if no agreement is reached by then, putting his minority government on the line.
The Labour Party narrowly won a second term in a September election, but the result left it reliant on four small left-wing parties to pass the budget, with only two of those, the agrarian Centre Party and the far-left Red Party, agreeing so far.
“It is surprising this is happening so soon after the election,” Jonas Stein, a political scientist at UiT the Arctic University of Norway, told Reuters.
“The Greens in particular had promised during the election that they would back Stoere as prime minister and now he could fall two-to-three months after the election.”
The climate-focused Green Party, which wants a gradual phaseout of the oil industry by 2040, walked out, as did the Socialist Left over its objections to investments by Norway‘s sovereign wealth fund in Israel.
“We must continue our work to secure a majority for this budget by Friday,” parliament’s finance committee Chair Tuva Moflag of Labour told public broadcaster NRK on Monday.
Stoere has said that Norway, Europe’s biggest supplier of gas and a major oil producer, should continue to explore for hydrocarbons to sustain the country’s biggest industry.
The government also objects to demands that Norway‘s $2 trillion sovereign wealth fund should divest from all Israeli firms, arguing that only companies involved in the alleged occupation of Palestinian territories should be excluded.
“Norwegian politics have become a bit more adversarial and a bit more polarized,” Johannes Bergh, a political scientist at the Oslo-based Institute for Social Research, told Reuters.
“It might be more comparable to what’s happening in countries like Belgium or the Netherlands, where the political landscape is very fragmented. It has become very fragmented here as well.”
Parliament is elected for a fixed four-year term, with the next vote due in 2029, making it difficult for parties on the right to challenge Stoere’s government. It is not possible to call early elections or dissolve parliament.
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South Koreans Arrested in Iran on Smuggling Charges, Seoul Says
People walk near a mural of Iran’s Supreme Leader, Ayatollah Ali Khamenei, amid the Iran-Israel conflict, in Tehran, Iran, June 23, 2025. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
South Korean nationals have been arrested in Iran on suspicion of smuggling, South Korea’s foreign ministry said in a statement on Monday, but declined to confirm the number of people arrested.
“Our diplomatic mission team in Iran has been communicating the matter with Iranian officials and will continue to provide necessary consular assistance to the Korean nationals,” the ministry said.
The ministry declined to confirm other details including their occupation or the exact nature of the charges.
Local Yonhap News separately reported two South Korean nationals were arrested, including one who works at a public institution.