World
Protesters plead for EU intervention over Israel’s judicial reforms
“It is really very, very scary.”
That is how Amnon, a 33-year-old architect born in Tel Aviv and based mostly in Brussels, feels in regards to the present state of his dwelling nation.
“We’re in an important second of saving democracy,” he mentioned, holding a placard that learn “authorized coup.”
Israel is in a complete uproar over a deliberate judicial reform that goals to remake the elemental relations between the three branches of presidency. Protests have taken place on an nearly every day foundation in a bid to cease – or not less than pause – the draft laws, which critics say will severely undermine the position of the Supreme Courtroom and provides free rein to the chief.
Teachers, college students, enterprise house owners, tech traders and even the armed forces have expressed discontent relating to the proposed far-reaching overhaul, whereas the nation’s president, Isaac Herzog, has warned of “constitutional and social collapse.”
The outcry has now reached Brussels following an indication in entrance of the European Parliament on Wednesday afternoon that culminated in a letter despatched to the leaders of the primary EU establishments pleading for a extra forceful intervention within the debate.
Up to now, Brussels has stored largely quiet on the proposed reform and prefers to attend for the ultimate model of the legislation earlier than fleshing out its views on the hot-button subject.
“Since this an ongoing inside dialogue, it is not for the EU to remark both on it or its doable and hypothetical implications as soon as this reform will likely be both agreed or dismissed,” a European Fee spokesperson mentioned final week.
‘Its the top. Sport over’
For protesters, although, this response falls flat.
In interviews with Euronews, they described emotions of hysteria and worry over Israel’s democratic standing, drawing a parallelism with Hungary and Poland, two EU international locations which were repeatedly accused of encroaching upon judicial independence for political positive aspects.
“By the point the EU speaks, it would simply merely be too late. The 75-year experiment of Israeli democracy would possibly come to an finish, and solely then the European establishments will say what the implications are,” mentioned Dan Sobovitz, the organiser behind Wednesday’s demonstration.
“We’re not asking for sanctions. We’re not asking for the European Union to hurt Israel. We’re right here as a result of we love Israel and we need to reserve it as a democracy.”
Protesters fear that if Israel ceases to be seen as a fully-fledged democracy within the eyes of the West, its diplomatic and financial relations will significantly deteriorate, with dangerous penalties for college kids, researchers, artists, traders and even power suppliers.
“I am afraid for my household and for my mates. And in a manner, (Israel) not very a lot of a democracy now already, however the symbolic democracy can even be ruined,” mentioned Amit, one other demonstrator.
In a short assertion to Euronews, Israel’s Ministry of International Affairs denied the reforms would impair bilateral relations with the bloc in any manner.
“Israel has lengthy loved a powerful and fruitful relationship with the EU. We sit up for additional constructing and increasing our reference to the European Union properly into the long run,” the assertion mentioned.
“Dialogue between the State of Israel and the EU is carried out by way of the suitable channels, and can proceed to take action.”
However within the eyes of protesters, this sort of reassurances ring void and do little to placate their despair.
“If this reform will go, the minorities in Israel will really feel simply misplaced,” mentioned Guéva, a 28-year-old artist who joined the rally in Brussels.
“We’re not going to have the Israeli state anymore. It may simply disappear and turn into a dictatorship. And it is the top. Sport over.”
Checks and balances
The judicial reforms have been the supply of monumental controversy ever since they have been tabled by the ruling coalition of Prime Minister Benjamin Netanyahu, which has been described as probably the most right-wing and religiously conservative formation in Israel’s historical past.
Netanyahu, who’s on trial for fraud and bribery prices that he denies, and his allies argue the plans are essential to curb what they describe because the overreach of the Supreme Courtroom and redirect energy to elected representatives within the Israeli parliament, referred to as the Knesset.
Underneath the plans, the Knesset will be capable of override rulings issued by the Supreme Courtroom with a easy majority of 61 lawmakers. Which means if the Supreme Courtroom strikes down a brand new legislation as a result of it’s deemed unconstitutional, the Knesset will likely be empowered to salvage the legislation and push it by way of.
One other ingredient of the reform proposes modifications to the Judicial Choice Committee (JSC), which promotes and removes judges. Right now, the JSC consists of three Supreme Courtroom justices, two authorities ministers, two lawmakers and two representatives of the Israel Bar Affiliation.
The present system compels the committee’s political {and professional} members to seek out consensus for brand new appointments however the reform will redistribute seats and provides an automated majority to these stemming from the chief and legislative branches, making it simpler for the ruling coalition to resolve the make-up of courts all throughout the nation.
The reform can even have an effect on the authority of the Lawyer Basic and authorized advisors in ministries, and limit the Supreme Courtroom’s capacity to evaluation administrative orders.
Dr Man Lurie, a senior fellow on the Israel Democracy Institute, a non-partisan analysis centre, worries the overhaul will take away the Supreme Courtroom as the best check-and-balance in a rustic that has a unicameral parliament, a ceremonial president and an unwritten structure.
“These reforms, of their full context, will diminish the safety of human rights in Israel to a big diploma and can flip the Supreme Courtroom right into a political courtroom that’s managed by the federal government and can restrict its capacity to guard the rule of legislation and civil rights in Israel,” Dr Lurie instructed Euronews in an interview.
“There will likely be no efficient test on the ability of the federal government and any type of parliamentary coalition will be capable of go any kind of legislation that it needs.”
The draft laws, which is break up into chapters, is presently present process readings within the Knesset’s committees earlier than being despatched to the total plenary. Critics have decried not solely the content material of the proposed plans however the haste with that are being processed. In the meantime, opinion polls proceed to indicate a constant majority opposing the far-reaching reforms.
“I hope it will likely be stopped, or not less than very, very significantly amended,” Dr Lurie mentioned.
“Proper now, it is being pushed ahead with only one very slim aspect of the Knesset supporting it with none try to achieve a large consensus.”
World
Israel keeping its ‘eyes open’ for Iranian attacks during Trump transition period, ambassador says
Israel’s U.N. Ambassador Danny Danon tells Fox News Digital that his country is keeping its “eyes open” for any potential aggression from Iran during the Trump transition period, adding it would be a “mistake” for the Islamic Republic to carry out an attack.
The comments come after Iranian Foreign Minister Abbas Araghchi vowed earlier this week that Iran would retaliate against Israel for the strategic airstrikes it carried out against Tehran on Oct. 26. Araghchi was quoted in Iranian media saying “we have not given up our right to react, and we will react in our time and in the way we see fit.”
“I would advise him not to challenge us. We have already shown our capabilities. We have proved that they are vulnerable. We can actually target any location in Iran. They know that,” Danon told Fox News Digital.
“So I would advise them not to make that mistake. If they think that now, because of the transition period, they can take advantage of it, they are wrong,” he added. “We are keeping our eyes open and we are ready for all scenarios.”
ICC REJECTS ISRAELI APPEALS, ISSUES ARREST WARRANTS FOR BENJAMIN NETANYAHU, YOAV GALLANT
Danon says he believes one of the most important challenges for the incoming Trump administration will be the way the U.S. deals with Iran.
“Regarding the new administration, I think the most important challenge will be the way you challenge Iran, the aggression, the threat of the Iranian regime. I believe that the U.S. will have to go back to a leading position on this issue,” he told Fox News Digital.
“We are fighting the same enemies, the enemies of the United States of America. When you look at the Iranians, the Houthis, Hezbollah, Hamas, all those bad actors that are coming against Israel… that is the enemy of the United States. So I think every American should support us and understand what we are doing now,” Danon also said.
IRAN HIDING MISSILE, DRONE PROGRAMS UNDER GUISE OF COMMERCIAL FRONT TO EVADE SANCTIONS
Danon spoke as the U.S. vetoed a draft resolution against Israel at the U.N. Security Council on Wednesday.
The resolution, which was overseen by Algeria, sought an “immediate, unconditional and permanent cease-fire” to be imposed on Israel. The resolution did not guarantee the release of the hostages still being held by Hamas within Gaza.
“It was a shameful resolution because… it didn’t have the linkage between the cease-fire and the call [for] the release of the hostages. And I want to thank the United States for taking a strong position and vetoing this resolution,” Danon said. “I think it sent a very clear message that the U.S. stands with its strongest ally with Israel. And, you know, it was shameful, too, to hear the voices of so many ambassadors speaking about a cease-fire but abandoning the 101 hostages. We will not forget them. We will never abandon them. We will continue to fight until we bring all of them back home.”
Fox News’ Benjamin Weinthal contributed to this report.
World
Fact-check: What do we know about Russia’s nuclear arsenal?
Moscow has lowered the bar for using nuclear weapons and fired a missile capable of carrying a nuclear warhead into Ukraine, heightening tensions with the West.
Russia’s nuclear arsenal is under fresh scrutiny after an intermediate-range ballistic missile capable of carrying an atomic warhead was fired into Ukrainian territory.
President Vladimir Putin says the unprecedented attack using the so-called “Oreshnik” missile is a direct response to Ukraine’s use of US and UK-made missiles to strike targets deep in Russian territory.
He has also warned that the military facilities of Western countries allowing Ukraine to use their weapons to strike Russia could become targets.
The escalation comes days after the Russian President approved small but significant changes to his country’s nuclear doctrine, which would allow a nuclear response to a conventional, non-nuclear attack on Russian territory.
While Western officials, including US defence secretary Lloyd Austin, have dismissed the notion that Moscow’s use of nuclear weapons is imminent, experts warn that recent developments could increase the possibility of nuclear weapons use.
Here’s what we know about Russia’s inventory of atomic weapons.
How big is Russia’s nuclear arsenal?
Russia holds more nuclear warheads than any other nation at an estimated 5,580, which amounts to 47% of global stockpiles, according to data from the Federation of American Scientists (FAS).
But only an estimated 1,710 of those weapons are deployed, a fraction more than the 1,670 deployed by the US.
Both nations have the necessary nuclear might to destroy each other several times over, and considerably more atomic warheads than the world’s seven other nuclear nations: China, France, India, Israel, North Korea, Pakistan and the United Kingdom.
Of Moscow’s deployed weapons, an estimated 870 are on land-based ballistic missiles, 640 on submarine-launched ballistic missiles, and potentially 200 at heavy bomber bases.
According to FAS, there are no signs Russia is significantly scaling up its nuclear arsenal, but the federation does warn of a potential surge in the future as the country replaces single-warhead missiles with those capable of carrying multiple warheads.
Russia is also steadily modernising its nuclear arsenal.
What could trigger a Russian nuclear response?
Moscow’s previous 2020 doctrine stated that its nuclear weapons could be used in response to an attack using nuclear or other weapons of mass destruction “when the very existence of the state is put under threat.”
Now, the conditions under which a nuclear response could be launched have changed in three crucial ways:
- Russia will consider using nuclear weapons in the case of a strike on its territory using conventional weapons, such as cruise missiles, drones and tactical aircraft.
- It could launch a nuclear attack in response to an aggression by a non-nuclear state acting “with the participation or support of a nuclear state”, as is the case for Ukraine.
- Moscow will also apply the same conditions to an attack on Belarus’ territory, in agreement with President Lukashenko.
Is there a rising nuclear threat?
The size of the world’s nuclear stockpiles has rapidly decreased amid the post-Cold War détente. The Soviet Union had some 40,000 warheads, and the US around 30,000, when stockpiles peaked during the 1960s and 70s.
But FAS warns that while the overall number is still in decline, operational warheads are on the rise once again. More countries are also upgrading their missiles to deploy multiple warheads.
“In nearly all of the nuclear-armed states there are either plans or a significant push to increase nuclear forces,” Hans M. Kristensen, Director of the Nuclear Information Project at the Federation of American Scientists (FAS), said in June this year.
Is the West reacting?
When Putin approved the updated nuclear protocol last week, many Western leaders dismissed it as sabre rattling.
German Foreign Minister Annalena Baerbock said Germany and its partners would “not be intimidated” and accused Putin of “playing with our fear.”
But since Russia used a hypersonic ballistic missile capable of carrying a nuclear warhead in an attack on Dnipro, European leaders have raised the alarm.
“The last few dozen hours have shown that the threat is serious and real when it comes to global conflict,” Polish Prime Minister Donald Tusk said on Friday.
According to Dutch media reports, NATO’s secretary-general Mark Rutte is in Florida to urgently meet President-elect Donald Trump, potentially to discuss the recent escalation.
NATO and Ukraine will hold an extraordinary meeting in Brussels next Tuesday to discuss the situation and the possible allied reaction, according to Euronews sources.
World
Rental home investors poised to benefit as mortgage rates, high home prices sideline buyers in 2025
LOS ANGELES (AP) — Rental homes will remain an attractive option next year to would-be homebuyers sidelined by high mortgage rates and rising home prices, analysts say.
American Homes 4 Rent and Invitation Homes are two big real estate investment trusts poised to benefit from the trend, say analysts at Mizuho Securities USA and Raymond James & Associates.
Their outlooks boil down to a simple thesis: Many Americans will continue to have a difficult time finding a single-family home that they can afford to buy, which will make renting a house an attractive alternative.
It starts with mortgage rates. While the average rate on a 30-year mortgage fell to a two-year low of 6.08% in late September, it’s been mostly rising since then, echoing moves in the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
The yield, which has hovered around 4.4% this week, surged after the presidential election, reflecting expectations among investors that President-elect Donald Trump’s proposed economic policies may widen the federal deficit and crank up inflation.
Analysts at Raymond James and Associates say they see mortgage rates remaining “higher for longer,” given the outcome of the election. Last week, they reiterated their “Outperform” ratings on American Homes 4 Rent and Invitation Homes, noting “we are increasingly confident in the longer-term outlook for single-family rental fundamentals and the industry’s growth prospects.”
They also believe the two companies will continue to benefit from “outsized demographic demand for suburban homes,” and the monthly payment gap between renting and owning a home, which they estimate can be as much as 30% less to rent.
Analysts at Mizuho also expect that homeownership affordability hurdles will maintain “a supportive backdrop” and stoke demand for rental houses, helping American Homes 4 Rent and Invitation Homes to maintain their tenant retention rates.
The companies are averaging higher new and renewal tenant lease rates when compared to several of the largest U.S. apartment owners, including AvalonBay, Equity Residential and Camden Property Trust, according to Mizuho. It has an “Outperform” rating on American Homes 4 Rent and a “Neutral” rating on Invitation Homes.
Shares in Invitation Homes are down 1.2% so far this year, while American Homes 4 Rent is up 4.4%. That’s well below the S&P 500’s 24% gain in the same period.
While individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, homebuilders have stepped up construction of new houses planned for rental communities.
In the third quarter, builders broke ground on about 24,000 single-family homes slated to become rentals. That’s up from 17,000 a year earlier. In the second quarter, single-family rental starts climbed to 25,000, the highest quarterly total going back to at least 1990, according to an analysis of U.S. Census data by the National Association of Home Builders.
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