Uncategorized
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.”
—
The post Mike Bloomberg: Israel’s judicial reforms could make Brexit’s economic effects look like ‘bubkes’ appeared first on Jewish Telegraphic Agency.
Uncategorized
American Airlines to Resume Flights to Israel Amid Gaza Ceasefire
American Airlines planes sit on the tarmac at LaGuardia Airport in Queens, New York City, U.S., July 30, 2025. Photo: REUTERS/Kylie Cooper.
American Airlines said on Sunday it would resume flights to Israel in March, after the US carrier halted the New York JFK to Tel Aviv route following Hamas’ October 7, 2023 attack that triggered the two-year war in Gaza.
American said it would re-launch its flights from JFK on March 28.
US rivals Delta and United have already resumed flights to Israel.
Many foreign carriers halted flights to Tel Aviv after October 7 and stayed away for long stretches during the past two years due to intermittent missile fire from Iran and Yemen.
That largely left flag-carrier El Al Israel Airlines, and smaller Israeli airlines Arkia and Israir, operating international routes, but with demand far higher than supply, airfares soared.
In the wake of a US-brokered ceasefire deal between Israel and Palestinian militant group Hamas, many foreign airlines have restarted flights to Tel Aviv. British Airways, SAS, Iberia and Swiss are slated to resume flights this week.
When American resumes flights, it will become the fifth carrier to fly nonstop to Israel from the United States, along with El Al, Arkia, Delta and United.
In addition to daily flights from Newark, United later is expected to also add flights to Tel Aviv from Washington (November 2) and Chicago (November 1).
Passenger traffic at Ben Gurion International Airport near Tel Aviv was up 25% over the first nine months of 2025 to 13.6 million, according to the Israel Airports Authority. El Al’s market share dropped to 32.5% from 44% a year earlier.
Uncategorized
Israel Allows Red Cross, Egyptian Teams into Gaza as Search for Hostage Bodies Widens
Palestinians gather around a Red Cross vehicle transporting hostages as part of a ceasefire and hostages-prisoners swap deal between Hamas and Israel, in the southern Gaza Strip, October 13. REUTERS/Mahmoud Issa
Red Cross and Egyptian teams have been permitted to search for the bodies of deceased hostages beyond the “yellow line” demarcating the Israeli military’s pullback in the Gaza Strip, an Israeli government spokesperson said on Sunday.
Uncategorized
Abbas Names Hussein al-Sheikh as Temporary Successor for PA Presidency
Hussein Al-Sheikh, former Secretary General of the Executive committee of the Palestine Liberation Organization (PLO), speaks during an interview with Reuters, in Ramallah in the West Bank December 16, 2023. Photo: REUTERS/Ammar Awad
i24 News – Palestinian Authority (PA) Chairman Mahmoud Abbas (Abu Mazen) issued a statement on Sunday outlining the succession process should the chairman’s position become vacant.
According to the Palestinian news agency Wafa, Deputy Chairman Hussein al-Sheikh will temporarily assume leadership of the PA in the absence of the Palestinian Legislative Council.
The decree stipulates that al-Sheikh’s interim term would last up to 90 days, during which direct elections must be held to select a new chairman, in accordance with Palestinian election law.
If elections cannot be conducted within this period due to exceptional circumstances, the Palestinian Central Council may authorize a one-time extension.
Hussein al-Sheikh, born in 1960 in Ramallah, has a long history in Palestinian politics. As a teenager, he was sentenced to prison in Israel for terrorist activity and was incarcerated from age 18 until 1989. In the past year, he was appointed Deputy Chairman and designated successor by Abu Mazen after the Palestinian Central Council approved the creation of the position.
The announcement is seen as a move to formalize the line of succession and ensure stability within the PA amid ongoing political uncertainty and the absence of a functioning Legislative Council. Analysts say the decree clarifies leadership procedures in case of incapacity or vacancy, reflecting Abu Mazen’s efforts to maintain continuity and prevent a leadership vacuum in the Palestinian territories.