Uncategorized
Some thoughts on Netanyahu’s speech before Congress – and the Jewish Federation allocations to agencies
By BERNIE BELLAN After just having watched Prime Minister Netanyahu’s speech to Congress, I’m left wondering – as are probably most pundits, just who it was that Netanyahu was trying to reach?
There certainly wasn’t anything new in what he had to say. He offered his oft-repeated litany of warnings about the dangers posed by Iran and its surrogates in the Middle East and insisted that Israel will continue its war in Gaza until it has achieved its aims.
By now though, Netanyahu has backed down from his initial goal of “totally eradicating” Hamas to instead pressing for the removal of Hamas from power – to be replaced by some sort of Palestinian civilian administration (of course, without even giving a hint of which Palestinians could be expected to form that administration).
The timing of Netanyahu’s appearance before Congress was indeed strange. No doubt, he expected to be coming to America when President Biden was still determined to continue his hopeless quest to defeat Donald Trump, so Netanyahu was for sure anticipating that he could coddle up to a soon-to-be-elected President Trump by issuing heaps of praise in his speech for how much Trump had done for Israel.
There have been many reports that even Netanyahu – who has bent over backwards to flatter as supreme a narcissist as Donald Trump, had angered Trump when he issued congratulations to President Biden over his winning the 2020 election. (Anyone who refused to go along with Trump’s insistence that the election was stolen ended up on the wrong side of Trump.) Netanyahu’s coming to the US was meant largely to patch up those damaged feelings – especially when until Sunday, July 20, it seemed all but certain that Trump was headed to victory this coming November.
Then that darned Biden had to go and throw all of Netanyahu’s calculations into the dumpster. Now, instead of being able to offer a non-stop series of remarks intended to flatter the man who was all but certain headed to a sweeping victory in November, Netanyahu had to modulate his speech to also thank President Biden for the strong support he had shown Israel since October 7. Better to keep one foot in the Democrats’ camp too, Netanyahu realized.
Still, will Netanyahu’s speech make any difference at all in the coming US election? Not at all. Anyone who knows Trump understands that he really could care less about the Middle East – unless there’s money to be made for the Trump organization there.
What about Trump’s much ballyhooed “deal of the century,” which he kept talking about back when he was President – and on which his son-in-law Jared Kushner was working (quite constructively, I’ll admit) to bring about a larger peace deal that would have included Saudi Arabia, but which also got stuck on the thorny issue of creating a Palestinian state? Is there any likelihood that a Trump administration would want to revisit that plan? Not while Netanyahu and the right-wing fanatics who are keeping him in power are still calling the shots.
While the Republican Party is sure to give staunch support to Israel – no matter who is in charge in Israel, what can be said about the Democrats?
Kamala Harris is likely to try and steer clear of enunciating any kind of clear policies when it comes to providing support for Israel. Sure, she’ll repeat the standard mantra of America standing behind Israel, but when it comes to translating that policy into concrete action, I expect that Harris will bob and weave. The mere announcement that Biden was dropping his determination to remain in the presidential race – thus leaving the floor clear for Harris to step into the role as candidate, led to a huge torrent of support from among American Jews for Harris.
So, if Harris can count on the roughly 80% of American Jews who voted for Biden in 2020 to come around again – what does that mean for her working to gain back some other constituencies who had lost interest in voting for Biden? Are Arab Americans in Michigan – where they form a sizeable group of voters, now likely to return to the Democrat fold? We’ll have to wait for polls to tell us how likely that is – and just how much Harris’s entering the race instead of Biden will have narrowed the fairly large gap that existed between Trump and Biden. I rather tend to think that Harris will be able to continue building momentum and that the 5% of Americans who, to this point, have remained undecided about which presidential candidate they will vote for will largely swing her way. On top of that, large numbers of voters who indicated they would vote for Trump – largely because they found him less unattractive than Biden, will begin to switch over to Harris.
And, where does that leave Netanyahu and his Machiavellian calculations? Based on what has happened to date, when he has consistently torpedoed deals that would have led to a cease fire, he is likely simply to procrastinate – which will keep him in good stead with those two right wing fanatics who are propping him up: Smotrich and Ben Gvir.
Switching gears – there will be many interesting stories in the days to come on this website about different members of our Jewish community – both current and former – in particular, stories that Myron Love has written about relatively young members of our community who have stepped up to assume leadership roles, including brothers Harley and Bradley Abells, Jonathan Strauss, and Elena Grinshteyn. (So, if you’re reading this on July 24, keep an eye out for new stories soon to appear.)
I have to add a note of caution though – which I’m prone to doing when it comes to discussing the long term health of our Jewish community. And that note emanates from my own report on allocations to the beneficiary agencies of the Jewish Federation in this issue.
As I observe in my story about those allocations, while the total amount to be distributed has remained fairly constant the past two years, it is somewhat lower than what it was three and four years ago, and when inflation is taken into account, it is far less than what it was 10 years ago.
While the Combined Jewish Appeal has been successful in realizing its goals each year for the past many years, again, when inflation is taken into account, what the community is raising relative to what it raised 10 years ago is far less.
But, as I’ve also noted in my reports about the Jewish Foundation each year that it announces the total value of grants it has distributed, it is the Foundation that has been very much stepping into the breech between what the needs of the community are and what has been raised by the Combined Jewish Appeal.
This past year the Foundation distributed just under $7 million in grants. That was also approximately how much the Foundation distributed the previous year, but it was a huge increase from just two years prior (2020) when the Foundation distributed a little over $5 million in grants.
And, as I reported in the July 3 issue, the Foundation is now committed to distributing 5% of the total value of its investment portfolio next year. Considering that the portfolio is now valued at over $160 million, that means the Foundation is likely to distribute over $8 million in grants in the coming year. Add to that the fact that the Foundation continues to receive a very large number of contributions each year ($5.8 million this past year), and the Foundation has become the bedrock of the financial sustainability of our Jewish community. Where would be without the Jewish Foundation? I’d hate to think.
Uncategorized
Rights Groups Say at Least 16 Dead in Iran During Week of Protests
People walk past closed shops following protests over a plunge in the currency’s value, in the Tehran Grand Bazaar in Tehran, Iran, December 30, 2025. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
At least 16 people have been killed during a week of unrest in Iran, rights groups said on Sunday, as protests over soaring inflation spread across the country, sparking violent clashes between demonstrators and security forces.
Deaths and arrests have been reported through the week both by state media and rights groups, though the figures differ. Reuters has not been able to independently verify the numbers.
The protests are the biggest in three years. Senior figures have struck a softer tone than in some previous bouts of unrest, at a moment of vulnerability for the Islamic Republic with the economy in tatters and international pressure building.
SUPREME LEADER SAYS IRAN WILL NOT YIELD TO ENEMY
President Masoud Pezeshkian told the Interior Ministry to take a “kind and responsible” approach toward protesters, according to remarks published by state media, saying “society cannot be convinced or calmed by forceful approaches.”
That language is the most conciliatory yet adopted by Iranian authorities, who have this week acknowledged economic pain and promised dialogue even as security forces cracked down on public dissent in the streets.
US President Donald Trump has threatened to come to the protesters’ aid if they face violence, saying on Friday “we are locked and loaded and ready to go,” without specifying what actions he was considering.
That warning prompted threats of retaliation against US forces in the region from senior Iranian officials. Supreme Leader Ayatollah Ali Khamenei said Iran “will not yield to the enemy.”
Kurdish rights group Hengaw reported that at least 17 people had been killed since the start of the protests. HRANA, a network of rights activists, said at least 16 people had been killed and 582 arrested.
Iran’s police chief Ahmad-Reza Radan told state media that security forces had been targeting protest leaders for arrest over the previous two days, saying “a big number of leaders on the virtual space have been detained.”
Police said 40 people had been arrested in the capital Tehran alone over what they called “fake posts” on protests aimed at disturbing public opinion.
The most intense clashes have been reported in western parts of Iran but there have also been protests and clashes between demonstrators and police in Tehran, in central areas, and in the southern Baluchistan province.
Late on Saturday, the governor of Qom, the conservative centre of Iran’s Shi’ite Muslim clerical establishment, said two people had been killed there in unrest, adding that one of them had died when an explosive device he made blew up prematurely.
HRANA and the state-affiliated Tasnim news agency reported that authorities had detained the administrator of online accounts urging protests.
CURRENCY LOST AROUND HALF ITS VALUE
Protests began a week ago among bazaar traders and shopkeepers before spreading to university students and then provincial cities, where some protesters have been chanting against Iran’s clerical rulers.
Iran has faced inflation above 36 percent since the start of its year in March and the rial currency has lost around half its value against the dollar, causing hardship for many people.
International sanctions over Iran’s nuclear program have been reimposed, the government has struggled to provide water and electricity across the country through the year, and global financial bodies predict a recession in 2026.
Khamenei said on Saturday that although authorities would talk to protesters, “rioters should be put in their place.”
Speaking on Sunday, Vice President Mohammadreza Aref said the government acknowledged the country faced shortcomings while warning that some people were seeking to exploit the protests.
“We expect the youth not to fall into the trap of the enemies,” Aref said in comments carried by state media.
Uncategorized
Antisemitic Graffiti Painted on the Facade of Canada Synagogue
Antisemitic graffiti on a synagogue in Winnipeg, Canada. Photo: CIJA, via i24.
i24 News – The Winnipeg police in central Canada have opened a hate crime investigation after the discovery of swastikas and antisemitic messages spray-painted on the exterior of the Shaarey Zedek synagogue, one of the city’s main Jewish congregations. The graffiti is believed to have been done during the night from Saturday to Sunday.
The acts of vandalism were discovered early in the morning. Several hateful symbols were visible on exterior parts of the building. No injuries were reported. Officers went to the scene to assess the damage and secure the premises. The police are currently reviewing surveillance footage from the area and are asking anyone with information to come forward.
The incident has drawn strong condemnation from national and local Jewish organizations. The Centre for Israel and Jewish Affairs (CIJA) denounced these acts, stressing that the desecration of Jewish institutions with Nazi symbols requires a firm response from municipal and police authorities.
The Jewish Federation of Winnipeg has also condemned what it calls “pure hatred,” warning that the repeated targeting of Jewish institutions poses a serious threat to the community’s safety. It has once again encouraged citizens to promptly report any hate-related incident to enable investigators to gather the necessary evidence.
These graffiti have appeared in a context of rising antisemitic incidents across the country. Community organizations note that synagogues, schools, and Jewish centers are increasingly being targeted, particularly during times of international tension, even when they have no direct connection to those events.
Uncategorized
Oil Prices Likely to Move Higher on Venezuelan Turmoil, Ample Supply to Cap Gains
FILE PHOTO: The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025. Photo: REUTERS/Juan Carlos Hernandez/File Photo
Oil prices are likely to move higher when benchmark futures resume trading later on Sunday on concern that supply may be disrupted after the United States snatched Venezuelan President Nicolas Maduro from Caracas at the weekend and President Donald Trump said Washington would take control of the oil-producing nation.
There is plentiful oil supply in global markets, meaning any further disruption to Venezuela’s exports would have little immediate impact on prices, analysts said.
The US strike on Venezuela to extract the country’s president inflicted no damage on the country’s oil production and refining industry, two sources with knowledge of operations at state oil company PDVSA said at the weekend.
Since Trump imposed a blockade of sanctioned oil tankers entering or leaving Venezuelan waters and seized two cargoes last month, exports have fallen and have been completely paralysed since January 1.
That has left millions of barrels stuck on loaded tankers in Venezuelan waters and led to millions more barrels going into Venezuelan oil storage.
The OPEC member’s exports fell to around 500,000 barrels per day in December, around half of what they were in November. Most of the December exports took place before the embargo. Since then, only exports from Chevron of around 100,000 bpd have continued to leave Venezuela. The global oil major has US authorization to produce and export from Venezuela despite sanctions.
The embargo prompted PDVSA to begin cutting oil output, three sources close to the decision said on Sunday, because Venezuela is running out of storage capacity for the oil that it cannot export. PDVSA has asked some of the joint ventures that are operating in the country to cut back production, the sources said. They would need to shut down oilfields or well clusters.
Trump said on Saturday that the oil embargo on Venezuelan exports remained in full effect. If the US government loosens the embargo and allows more Venezuelan crude exports to the US Gulf, there are refiners there that previously processed the country’s oil.
The weekend’s events were unlikely to materially alter global oil markets or the global economy given the US strikes avoided Venezuela’s oil infrastructure, said Neil Shearing, group chief economist at Capital Economics.
“In any case, any short-term disruption to Venezuelan output can easily be offset by increased production elsewhere. And any medium-term recovery in Venezuelan supply would be dwarfed by shifts among the major producers,” he said in a note.
Trump also threatened on Friday to intervene in a crackdown on protests in Iran, another OPEC producer, ratcheting up geopolitical tensions. Trump on Friday said “we are locked and loaded and ready to go,” without specifying what actions he was considering against Tehran, which has seen a week of unrest as protests over soaring inflation spread across the country.
“Prices may see modest upside on heightened geopolitical tensions and disruption risks linked to Venezuela and Iran, but ample global supply should continue to cap those risks for now,” said Ole Hansen, head of commodities research at Saxo Bank.
On Sunday, the Organization of the Petroleum Exporting Countries and their allies agreed to maintain steady oil output in the first quarter, OPEC+ said in a statement. Both Venezuela and Iran are members of OPEC. Several other members of OPEC+ are also embroiled in conflict and political crises.
The producer group has put increases in production on pause for the first quarter after raising output targets by around 2.9 million barrels per day from April to December 2025, equal to almost 3% of world oil demand.
Brent and US crude futures settled lower on Friday, the first day of trading of 2026, as investors weighed oversupply concerns against geopolitical risks. Both contracts closed 2025 with their biggest annual loss since 2020 marked by wars, higher tariffs, increased OPEC+ output and sanctions on Russia, Iran and Venezuela.
VENEZUELA
“The political transition in Venezuela adds another major layer of uncertainty, with elevated risks of civil unrest and near-term supply disruptions,” said Jorge Leon, head of geopolitical analysis at consultancy Rystad Energy and a former OPEC official.
“In an environment this fragile, OPEC+ is choosing caution, preserving flexibility rather than introducing new uncertainty into an already volatile market.”
Trump said on Saturday that the US would control the country until it could make an orderly transition, but an interim government led by vice president and oil minister Delcy Rodriguez remains in control of the country’s institutions, including state energy company PDVSA, with the blessing of Venezuela’s top court.
A top Venezuelan official said on Sunday that the country’s government would stay unified behind Maduro amid deep uncertainty about what is next for the Latin American country.
Trump said that American oil companies were prepared to reenter Venezuela and invest billions of dollars to restore production there.
Venezuela is unlikely to see any meaningful boost to crude output for years even if US oil majors do invest the billions of dollars in the country that Trump has promised, analysts said.
“We continue to caution market observers that it will be a long road back for the country, given its decades-long decline under the Chávez and Maduro regimes, as well as the fact that the US regime change track record is not one of unambiguous success,” Helima Croft, RBC Capital’s head of commodities research, said in a note.