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LIC Residential Pricing Goes Up Despite Amazon’s Absence

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Amazon did not move into its new headquarters in Long Island City. But home prices went up anyway, according to local experts. Photo Credit: Getty Images

By R. Renwick

Everyone in the know knew that home prices would go up once Amazon moved into its new headquarters in Long Island City.

Well, Amazon did not move into its new headquarters in Long Island City. But home prices went up anyway, according to local experts.

Between the November 2018 announcement that Amazon was planning to open another headquarters location on the Queens Waterfront and the company canceling its plans due to local hysteria whipped up by anti-capitalist Democrat Alexandria Ocasio-Cortez, people were falling all over themselves buying houses there.

But according to Patrick W. Smith, a residential sales broker with Corcoran, 336 condos were sold in the neighborhood in 2019, an increase of more than 15% from the year before — and more than 35% in 2017. Almost half of the condominiums reportedly went to contract within weeks of Amazon pulling out.

“The Amazon effect was real,” Smith told Crain’s New York Business. “It had a major impact on the market in terms of creating a surge of deal activity and upward pressure on prices. We had fancy new developments opening up and selling for the first time and that pushed up the market, but if Amazon hadn’t arrived, that per square foot growth in prices may have been 6% instead of 9%.”

“But even if the Amazon boost proved only a sugar rush, the neighborhood remained among the city’s strongest. StreetEasy predicted in September that Long Island City would be New York’s next “million-dollar neighborhood,” referring to the 17 city locales with a median sales price above $1 million,” Crain’s wrote back in November 2019.

“This time last year, the retail giant announced it would split its second headquarters between two urban industrial sites in Long Island City, Queens, and Crystal City, Virginia, bringing 25,000 jobs and the promise of economic stimulus,” noted Barron’s, also in November. “Overnight, the news unleashed a deluge of speculative house hunting and price increases in the two neighborhoods, as buyers and sellers rushed to capitalize on Amazon’s future presence. That was until Amazon’s about-face in February, when the company announced it would abandon its plans in Long Island City amid wrangling with local politicians who opposed large tax breaks promised to the tech giant.”

“People in Middle America suddenly knew where Long Island City was so if you’re a New York City buyer who wasn’t necessarily paying attention, it certainly put it on your map,” Eric Benaim, the CEO and president of the Long Island City focused residential brokerage Modern Spaces, told Crain’s in the piece. “People are thinking that if LIC was good enough for Amazon, maybe it’s worth a look, so just them selecting the neighborhood has been a big boost to activity and prices here.”

NYC’s Rental Broker Fee Ban on Hold: Judge Blocks New Rule

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The Real Estate Board of New York, along with New York State Association of Realtors and numerous residential brokerage firms, filed a lawsuit Monday in response to what it termed “misguided and harmful” guidance issued by New York State’s Department of State.

By Ted Brooks

The Real Estate Board of New York, along with New York State Association of Realtors and numerous residential brokerage firms, filed a lawsuit Monday in response to what it termed “misguided and harmful” guidance issued by New York State’s Department of State.

The group, together with the New York State Association of Realtors, a statewide organization with nearly 60,000 brokers, says that the New York Department of State, which issued the legal guidance, went too far and did not follow the proper procedures in solidifying the rule.

“We are asking the court to recognize that the Department of State illegally overstepped its role in issuing its new guidance on rental brokerage commissions,” James Whelan, the group’s president, told the New York Times. “The announcement of this new rule without warning has caused widespread confusion and havoc among dedicated real estate agents and the clients they serve.”

Broker fees generally range from 12% to 15% of a year’s rent, Forbes noted, “and renters were required to pay them even when the building owner had hired the broker to list and market the property. The fee comes in addition to other common charges, including a security deposit and the first month’s rent.”

Frederick Warburg Peters, the chief executive officer of Warburg Realty, “said in a statement to Forbes that the entire real estate industry supports the REBNY in their Article 78 proceeding to stay the implementation of the DOS ruling,” the business publication wrote. “To attempt such a radical change to the landlord/tenant/agent equilibrium without consulting the major stakeholders shows contempt for many of the stakeholders the DOS purports to serve,” Warburg Peters says. “We look forward to the opportunity to discuss this proposed interpretation of the new rental laws in an orderly and fair manner.”

The decision has, to no one’s surprise, proven disruptive. News of the state’s sweeping ban on broker fees “continues to send shockwaves through New York City’s real estate market, earning stunned praise from renters and cries of doom from many of the industry’s longtime gatekeepers,” reported The Gothamist. “But despite the sudden paradigm shift, some city brokers are doing business as if nothing has changed. Multiple New Yorkers told Gothamist that they’ve been misled by real estate brokers in the days since the Department of State issued its clarification of last summer’s rent reform package, which effectively prohibits agents from charging commissions after January 31st (whether fees paid to brokers after the bill was signed into law in June can be clawed back remains an open question). Some tenants say that brokers have outright refused to acknowledge the changes. Others allege they’ve been urged to sign waivers falsely indicating that they were the ones who hired the brokers to represent them.”

Is NYC’s Penn Station District the Next Tech Hub?

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Vornado Realty Trust is trying to bring high-tech companies to the so-called Penn District near Madison Square Garden. Photo Credit: Wikipedia

By: Desiree Coates

Vornado Realty Trust is trying to bring high-tech companies to the so-called Penn District near Madison Square Garden.

The firm, owned by real estate mogul Steven Roth, wants to use the same formula that has worked at Hudson Yards, according to many. Vornado is reportedly prepared to spend upwards of $2 billion to redevelop more than five-million square feet of property there.

In fact, Roth is said to be working to convince Apple Inc. and Facebook Inc. to become part of his project. It figures to be an uphill battle, given the fact that the area – Penn Station, a mélange of rail tunnels – generally makes New Yorkers hold their noses.

“The destruction more than 50 years ago of the old, majestic Penn Station in favor of a subterranean warren with low ceilings and rathole train platforms, to accommodate the home of the perennially disappointing New York Knicks, cast a pall on the area,” Crain’s New York Business recently wrote. “Today it’s ringed by panhandlers, drug abusers, bland bank branches, nondescript pharmacies and steady streams of travelers—an estimated 650,000 a day—who make the station the busiest transit center in the Western Hemisphere.”

Paul Amrich, vice chairman of real estate firm CBRE Group Inc., told Crain’s that “With the strength of the economy and the war for jobs and talent, it feels like this is probably the time that that part of town finally gets transformed.”

The ancient station now lies along Amtrak’s Northeast Corridor and Empire Corridor, as well as serves New Jersey Transit and Long Island Rail Road commuter trains.

Penn Station opened September 8, 1910, for Long Island Rail Road trains via the new tunnel under the East River. Serving more than 600,000 commuter rail and Amtrak passengers a day, it is the busiest passenger transportation hub in the Western Hemisphere. Pennsylvania Railroad trains began using it on November 27, supplementing and eventually replacing the old New York City-area terminal across the Hudson River at Exchange Place in Jersey City. The name was adopted by the PRR on March 1, 1909. The opening of the Hell Gate Bridge on April 1, 1917, brought New York, New Haven and Hartford Railroad intercity trains into Penn Station.

Vornado owns more than 20 million square feet of Manhattan office and retail space, plus stakes in hotels and malls, according to Forbes. “In 2014 the company built the world’s largest LED advertising sign in Times Square. Vornado owns 2 buildings alongside Donald Trump: 1290 Avenue of the Americas in New York City and 555 California Street in San Francisco.” Roth’s wife, Daryl, is a Broadway and off-Broadway producer.

Sackler Family Shunned in Miami High Society; Blamed for Opioid Crisis

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By: Tom Roberts

Some people enjoy climbing aboard a bandwagon – nearly any popular one that they can find. Including the “hate the Sacklers” bandwagon.

It started in New York, and now apparently has become all the rage in Miami.

Fashion designer Joss Sackler and her husband David left New York for Florida in the wake of the much ballyhooed family controversy.

The Sackler family, of course, founded and owns Purdue Pharma, the maker of OxyContin. Many blamed the family for helping create the nation’s opioid crisis. Such big-name donation-seekers as the Met, American Museum of Natural History and the Guggenheim, as well as the Tate Modern and the Louvre, all took their turns virtue signalling that they would not take any further donations from the family. J.P. Morgan is reportedly among the company that have turned their backs on the Sacklers, as well.

The couple moved to Florida last fall, arriving in Palm Beach. It has not been a warm welcome. First came a stink about a photo that some claimed showed a man passed out.

More recently, Miami socialite Jacquelynn Powers ranted on Facebook that “The #Sackler family, who are part of creating the devastating and deadly opioid crisis, are trying to make inroads into Miami. There is a moment going on right now between good and evil. Miami, let’s be on the right side of morality.”

A statement from Joss Sackler said, in part: “There is more focus on my last name than on the creative work we are doing . . . I am not my husband’s family and in any event, his family has done nothing wrong.”

It was just a few weeks ago that Mortimer D.A. Sackler completed the sale of his townhouse at 8 East 75th Street for $38 million, “the priciest transaction in New York City in January, in an otherwise quiet month,” commented the New York Times. “The buyer was the hedge fund titan Israel Englander. In December, David A. Sackler, a cousin, sold his apartment, with storage, at 200 East 66th Street, a.k.a. Manhattan House, for nearly $6.1 million. Both men, along with other family members, have served on the board of Purdue Pharma, maker of OxyContin, the prescription painkiller widely seen as igniting the opioid crisis. The company filed for bankruptcy protection in September amid mounting federal and state lawsuits.”

In 2019, a suit was brought in the Southern District of New York, which included more than 500 counties, cities and Native American tribes. It named eight family members: Richard, Jonathan, Mortimer, Kathe, David, Beverly and Theresa Sackler as well as Ilene Sackler Lefcourt. In addition, Massachusetts, Connecticut, Rhode Island and Utah all brought suits against the family. On the federal level, the family faced an overall bundle of 1,600 cases.

Investor Confidence in Proptech Dips After WeWork’s Failed IPO

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Confidence is all-important in the world of high finance, and in the wake of WeWork’s high profile failure over the past year, investor confidence in the property technology industry has dipped over the last few months. Photo Credit: MetaProp.org

By: Ramon Sadorsky

Confidence is all-important in the world of high finance, and in the wake of WeWork’s high profile failure over the past year, investor confidence in the property technology industry has dipped over the last few months.

According to a survey prepared jointly buy Metaprop NYC LLC, a venture capital firm focused on real estate Technology based in New York City, the Real Estate Board of New York and the Royal Institution of Chartered Surveyors, confidence has been drained. Just 45% of proptech investors told researchers that they intend to make more investments this year than they did last year. That number had reached 64% six months ago.

WeWork’s dismal public offering was a wake-up call for many in the industry.

The proptech industry became the latest buzzword and investment niche a few years ago. The category includes everything from building management technology, such as sensors to capture real-time data on temperature changes, to platforms such as Opendoor, which uses computer algorithms to buy and sell homes over an app,” reported Crain’s New York Business. “Investors are likely to shift away from asset-heavy companies like WeWork, which had an innovative business model but imploded in part over huge losses and no clear plan to profit, and focus more sharply on technological innovations that can disrupt the real estate industry, according to” Aaron Block, co-founder of MetaProp.

Still, optimism about the future is holding firm. “To me, this period’s results demonstrate proptech’s resilience,” said Block in a press release. “Both proptech investors and proptech startups clearly believe that technology-led innovation will remain a growth engine and value driver for the real estate industry. I’m particularly encouraged by the investors’ consistent optimism.”

“Reflecting that optimism, 80% of investors responding to the survey said they expect to see either more acquisitions or about the same number of acquisitions in 2020 compared to 2019,” the statement said. “

As the space begins to mature, more proptech startups have been stepping up their hiring and hitting elevated yearly revenue numbers. With startups continuing to flood in the market, consolidation will remain high, MetaProp says. An increasing sentiment in the ability to raise capital is met with concerns of bloated valuations from around the space.

“The Global PropTech Confidence Index shows continued strong investor interest in PropTech,” said Christopher Beach, REBNY’s CTO. “This report demonstrates that New York City remains a global hub for technology development and innovation, providing the solutions needed to address the challenges facing the real estate industry.”

Paul Singer’s Hedge Fund Targets SoftBank for Possible Takeover

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Insiders are saying that Paul Singer’s New York City hedge fund Elliott Management Corp. has collected a stake in SoftBank Group Corp. of close to $3 billion. Photo Credit: Wikipedia.com

By: Jess Smitnick

Insiders are saying that Paul Singer’s New York City hedge fund Elliott Management Corp. has collected a stake in SoftBank Group Corp. of close to $3 billion.

Singer, so the rumors go, sees SoftBank as highly undervalued, and is envisioning engineering a buyback of shares to the tune of $20 billion.

One way the company could do that would be by shaving investments in Alibaba Group Holding Inc. and Sprint Corp.

According to latimes.com, talks have been ongoing between Elliott and top executives at SoftBank, including of course Masayoshi Son. “The firm thinks SoftBank’s net asset value could be about $230 billion but that it trades at a huge discount because of concerns around its Vision Fund, as well as how the failed initial public offering of WeWork last year was handled,” the Times suggested. “SoftBank’s U.S.-traded shares jumped 12% on Thursday after the Wall Street Journal first reported the investment. They closed at $46.49 in New York, giving the company a market value of about $97 billion.”

“In a bullish cover story last July, before the WeWork debacle, Barron’s noted that SoftBank’s stake in China’s Alibaba Group Holding (BABA) was worth $116 billion, eclipsing SoftBank’s $100 billion market capitalization. Our sum-of-the-parts analysis appears to be how Elliott is approaching its SoftBank investment. The Journal article also raised the idea that SoftBank would buy back $10 billion to $20 billion of its stock in an effort to close the gap between its market capitalization and investment value,” Barron’s reported.

Although both sides have proclaimed a desire to keep relations friendly, “investors say Elliott’s demand that SoftBank buy back $20bn of shares, provide more transparency on the more than 80 companies it has invested in through its Vision Fund and make governance changes, sets up a clash between Mr Son, a man who has built his career on taking huge risks, and a fund that has defined modern activist investing,” according to ft.com.

Few in the investment community are willing to bet against Son, and with good reason. “SoftBank stock closed Friday in Tokyo up 7.1% after a report from the Wall Street Journal that hedge fund Elliott Management has over time acquired a $2.5 billion stake in SoftBank and is pushing for a stock buyback and governance changes, Forbes reported. “The surge lifted Son’s net worth by $1.2 billion to $21.6 billion as of the market close on Friday in Japan. The 63-year-old owns slightly over a quarter of SoftBank and is the second-richest person in Japan behind Tadashi Yanai, founder of Uniqlo parent company Fast Retailing.”

Blue & White’s Plan for Health System Ridiculed by Rivals, Physicians

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Blue and White’s plan to rehabilitate Israel’s health system has been ridiculed by political rivals and slammed by physicians who warned of its consequences. Photo by Kobi Richter/TPS on 11 February, 2020

By: TPS Staff

Blue and White’s plan to rehabilitate Israel’s health system has been ridiculed by political rivals and slammed by physicians who warned of its consequences.

Blue and White leader Benny Gantz on Sunday unveiled what he dubbed as Case 5000, a reference to Prime Minister Benjamin Netanyahu’s corruption cases, in which he alleged that “5,000 people die in Israel each year because of the collapse of the health system.”

He pledged to launch “an emergency plan” for the health system immediately after his government is established.

“For our children, for our parents. We must move forward,” he said on Twitter.

Blue and White’s plan includes the establishment of two new hospitals, one in the north and one in the south, and multi-billion-dollar investment in the system.

Yisrael Beitenu leader Avigdor Liberman ridiculed Gantz for his “sudden interest” in the health system.

“Good morning Benny Gantz! I am glad you remembered that there is a health system in the State of Israel. What you may have forgotten is that in July 2019, Yisrael Beiteinu announced that it would demand the Ministry of Health and for that purpose presented a candidate for the position who is not a politician, but a professional, Prof. Leonid Edelman,” Liberman wrote on Facebook on Monday.

“Your statements about budgets and reforms in the health system are a disrespect to the intelligence of the electorate, just as you did in the previous election when you stated that you would work to establish a secular government, while in practice you have only been courting the ultra-Orthodox parties ever since,” he charged.

Ichilov Hospital director Professor Ronny Gimzo attacked Gantz’s health campaign and said he was “the health system is being used as a political tool.”

“It bothers me the thought that people will see Gantz’s false campaign and be afraid to come to the hospital,” he added.

Officials dismissed Gantz quoted number of 5,000 dead and said it was outdated, and others noted that his budgetary demands were absurd.

Israel has a health system that is considered one of the best in the world.

In an unrelated development, TPS has reported that Gantz and members of his Blue and White party stormed out of the Knesset Plenum during a debate on Monday about the terrorism threat coming from the Gaza Strip, eliciting accusations that he was a “coward” who fled the scene.

The Knesset plenum convened for a special discussion on the “incessant terrorism from the Gaza Strip” following the request of more than 25 Knesset members, during which members of the Blue and White party departed the Knesset plenum before the government had a chance to responds to their accusations.

Before leaving the plenum Gantz asserted that rocket sirens in the south do “not really move [Prime Minister Benjamin] Netanyahu,” and that the residents of the south “are just boring him.”

“Anyone with his head in head understands that Netanyahu is busy with himself and not the citizens of Israel,” Gantz claimed.

He concluded by declaring that because the overwhelming majority of Knesset Members disrespected the meeting by not attending, he would do the same with his faction members.

Immediately at the conclusion of his remarks, Gantz left the plenum, followed by Knesset members from the Opposition.

(TPS)

Israeli Researchers Find Human Tumor Resembles One Found in Dinosaur’s Tail

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Israeli scientists have found that a rare and benign tumor, called LCH, was found in a young dinosaur that roamed the plains of southern Alberta, Canada, over 60 million years ago. Photo by Kobi Richter/TPS on 10 February, 2020

By: TPS Staff

Israeli scientists have found that a rare and benign tumor, called LCH, was found in a young dinosaur that roamed the plains of southern Alberta, Canada, over 60 million years ago.

Researchers at Tel Aviv University, led by Dr. Hila May of the Department of Anatomy & Anthropology at the Faculty of Medicine, identified a benign tumor called LCH (Langerhans Cell Histiocytosis) in two fossilized tail vertebrae of a young dinosaur that lived in southern Alberta over 60 million years ago.

This type of tumor is a rare disease still found today in humans, especially children under the age of 10, and can cause significant pain, but often disappears by itself.

The findings indicate that the disease is not unique to humans, and has survived through the long evolutionary process, from dinosaurs to humans, for over 60 million years.

“Researchers in North America studying dinosaur fossils identified large cavities, evidently created by tumors, in two tail vertebrae of a young dinosaur discovered in southern Alberta,” May explained.

“The dinosaur belonged to the genus Hadrosaurus, also known as ‘duck-billed dinosaurs’ – herbivores common almost all over the world about 66-80 million years ago,” she said.

The specific shape of the cavities caught the researchers’ attention because they were very similar to cavities created by the rare tumor LCH, which still affects humans today.

The dinosaur’s vertebrae were sent to the Steinhardt Museum of Natural History, for inspection with the institute’s advanced micro-CT scanner.

“The micro-CT scanner generates images with a very high resolution of up to a few microns,” said May. “Using it to scan the dinosaur vertebrae we were able to form a reconstructed 3D image of the tumor and the blood vessels leading to it. The image confirmed in a high probability that the dinosaur did indeed suffer from LCH.”

“The surprising findings indicate that the disease is not unique to humans and that it existed in different species over 60 million years – through the long evolutionary process from dinosaurs to humans,” she added.

“Research of this kind, made possible by current technology, contributes a great deal to Evolutionary Medicine – a relatively new field of research which investigates the development and behavior of diseases over time,” says Prof. Israel Hershkovitz from TAU’s Faculty of Medicine who has studied malignant tumors in dinosaurs and who assisted in the identification of the LCH tumor in this study.

“Evolutionary Medicine researchers try to understand why certain diseases have survived through millions of years of evolution and to discover their source, in order to ultimately develop new and effective ways to address them today,” he elucidated.

    (TPS)

Israel Confiscates Salaries, Property from Released Terrorists on PA’s Payroll

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Israel has begun to confiscate the monthly stipends paid by the Palestinian Authority (PA) to convicted terrorists with Israeli citizenship and their families, the first time such action has been taken since Defense Minister Naftali Bennett announced the move in December. Photo by Yehonatan Valtser/TPS on 10 February, 2020

By: Baruch Yedid

Israel has begun to confiscate the monthly stipends paid by the Palestinian Authority (PA) to convicted terrorists with Israeli citizenship and their families, the first time such action has been taken since Defense Minister Naftali Bennett announced the move in December.

Israeli forces confiscated money and property from the homes of former security prisoners in eastern Jerusalem and ordered them to deposit the salaries they received from the PA into a designated bank account.

According to sources in Jerusalem, the police confiscated funds from the homes of Majdi Abbasi, Naji Odeh and Basel Abu Tia in Silwan, as well as from Ihab Bakirat in Tsur Baher.

NIS 25,000 were confiscated from Abbasi, and the family was required to deposit another NIS 19,800 received from the PA. NIS 1,000 was confiscated from Odeh, and they were required to deposit another NIS 17,000, and NIS 790 was confiscated from Abu Tia who was required to deposit NIS 46,000 received from the PA.

In addition, the police confiscated Ihab Bakirat’s vehicle, and the family was required to deposit NIS 60,200 received from the PA.

The Wadi Hilweh Information Center reports that families of released terrorists were required to pay large sums of money received from the Palestinian Authority as salaries, based on information provided by the security system.

The police ordered the Intisar Hamed family to deposit NIS 37,600 and Muhammad Salman’s family was required to deposit NIS 12,400.

The police explained that these were funds “received from a hostile entity.”

The PA has a policy of paying the families of convicted terrorists imprisoned in Israel, including Arabs with Israeli citizenship. The payments have been criticized as a financial incentive to commit terrorist attacks against Israelis.

Bennett said he plans to use all the legal tools at his disposal to prevent the PA’s payments from reaching the terrorists.

“We have moved to actions. This is another step in the campaign against terrorists. We are working so that Jewish blood will no longer be profitable,” he said in December.

The PA has been paying monthly salaries to convicted terrorists imprisoned in Israel since its establishment.

According to the PA’s pay scale, the salary of an imprisoned terrorist begins at NIS 1,400 ($401) every month from his first day in prison, and gradually rises to NIS 12,000 ($3,435), in accordance with the amount of time he has been in prison.

Therefore, the more severe the attack was, the higher the stipend the terrorist is set to receive.

Terrorist prisoners who are married, have children or are Israeli citizens or residents of eastern Jerusalem receive a special addition to the base salary.

            (TPS)

Hamas Leadership Fights Over Ceasefire with Israel

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The Hamas leadership has been embroiled in recent days in the ensuing battle between Yahya Sinwar, the organization’s leader in the Gaza Strip, and Fathi Hamad, one of the most radical elements in Hamas’ leadership. Photo by Majdi Fathi/TPS on 9 February, 2020

By: Baruch Yedid

The Hamas leadership has been embroiled in recent days in the ensuing battle between Yahya Sinwar, the organization’s leader in the Gaza Strip, and Fathi Hamad, one of the most radical elements in Hamas’ leadership.

Sources told TPS that the conflict in the Hamas leadership is due to Hamad’s extreme positions, and mainly because of his opposition to a ceasefire with Israel, against Hamas’ policy on this issue.

“Sinwar ordered the establishment of a committee to investigate Hamad’s involvement in the embezzlement of the organization’s funds, including a case that led to the closure of Hamas’ Al Aqsa TV channel and an investigation into the takeover of land in the northern Gaza Strip,” the sources told TPS.

Hamad is considered one of the “rogues” in the Gaza Strip and heads an armed militia responsible for several attempted infiltrations into Israeli territory in recent months, contrary to Sinwar’s stance, and he is having a difficulty enforcing his authority on Hamad.

According to sources in the Gaza Strip, Hamad is also behind the theft of media equipment last week from the Pal Tel’s company’s warehouses to restore Hamas’s communications system.

The sources say that Hamad is also behind the allegations that the Palestinian Authority’s intelligence helped to eliminate senior Islamic Jihad commander Baha Abu al-Atta by Israel in November. His remarks against the PA’s intelligence angered Sinwar, and he instructed Hamad not to give interviews, and the Gaza Strip says that Hamad has not appeared in the media since but only at Hamas events.

Hamad also provoked a storm in Hamas’s leadership a few months ago when he announced in front of the media’s cameras that Jews should be killed and not just the Zionists, adding that Hamas has a factory for making explosive suicide belts. His remarks were criticized and the Hamas leadership demanded that he retract his statement.

A source who has access to Hamas’ leadership told TPS that the leadership has recently given the Turks and Qataris names of some of its senior officials who oppose a ceasefire with Israel and act contrary to the leadership’s decisions as a way to force the renegade elements into acting according to their decisions.

Palestinian Authority (PA) head Mahmoud Abbas met with Fatah’s regional commanders on Wednesday, scolded them and demanded to know why the Palestinian street was still lethargic and calm, a Fatah official told TPS.

Abbas urged them to generate a long line of incidents, adding that even if they are unable to mobilize thousands into the streets, he expects continuous events at multiple locations.

According to the source, Abu Mazen met with decision-makers in the various PA institutions and agreed to escalate the events vis-à-vis the IDF and Israeli citizens.

Abbas on Thursday convened all union and labor leaders to motivate them to arrange demonstrations.

Abbas has declared the PA will actively oppose the US’ Deal of the Century peace plan and has demanded actions, but his calls have been met with minimal responses from the Palestinian street.

It should be noted that Abu Mazen did not order armed attacks but rather widespread violent demonstrations which often include rock and firebomb throwing.

At the same time, various sources indicate that there is no change in the policy of the PA’s security forces and its cooperation with Israeli forces.

Meanwhile, senior Fatah official Tawfiq Tirawi declared that the three million Palestinians in Judea and Samaria are “the Shahid project.”

             (TPS)

US Envoy Warns Against Immediate Israeli Annexation of Judea & Samaria

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US Ambassador to Israel David Freidman stated that the US is against any Israeli unilateral annexation of Judea and Samaria as part of the Deal of the Century peace plan, backtracking from his initial support of such a move. Photo by Hillel Maeir/TPS on 9 February, 2020

By: Aryeh Savir

US Ambassador to Israel David Friedman stated that the US is against any Israeli unilateral annexation of Judea and Samaria as part of the Deal of the Century peace plan, backtracking from his initial support of such a move.

Friedman stated Sunday that President Donald Trump’s “Vision for Peace is the product of more than three years of close consultations” between Trump, Prime Minister Benjamin Netanyahu and their senior staff.

“As we have stated, the application of Israeli law to the territory which the Plan provides to be part of Israel is subject to the completion a mapping process by a joint Israeli-American committee,” a task the sides reportedly commenced.

However, he cautioned that “any unilateral action in advance of the completion of the committee process endangers the Plan and American recognition.”

Friedman initially stated after the unveiling of Deal of the Century plan that Israel was cleared to move forward with at least a partial annexation of areas in Judea and Samaria, even before any other phases of the peace plan commenced.

However, Friedman essentially adopted the position put forward by Trump’s senior aid and son-in-law Jared Kushner who said that Israel could not annex any areas before the March elections in Israel and the forming of a government.

Netanyahu on Saturday night state that Israel has begun mapping parts of the areas it intends to annex, apparently adopting the US’ line of action and stepping away from a pledge to immediately apply Israeli sovereignty over areas in Judea and Samaria after the publication of the Deal of the Century.

“We’re already in the process of mapping the territory that according to the Trump plan will be part of the State of Israel,” he stated.

Right-wing factions on Sunday continued to call on Netanyahu to move forward with the annexation unilaterally, claiming the time was now or never.

            (TPS)

Israeli Counter-Boycott on Produce from PA Takes Effect

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Israel’s ban on all agricultural produce coming from the Palestinian Authority (PA) took Effect Sunday morning, several months after the PA launched a boycott against Israeli produce. Photo by Majdi Fathi/TPS on 9 February, 2020

By: Aryeh Savir

Israel’s ban on all agricultural produce coming from the Palestinian Authority (PA) took Effect Sunday morning, several months after the PA launched a boycott against Israeli produce.

The PA announced its ban on the purchase of Israeli livestock in mid-September. Israel has since issued several warnings and took action only on Sunday.

Defense Minister Naftali Bennet stated last Sunday that agricultural imports from the PA were halted “due to the boycott of the Israeli calves, which severely harms hundreds of Israeli farmers.”

The decision came after months of repeated attempts by the Israeli defense establishment to resolve the crisis, which has “led to severe and ongoing damage to the cattle breeders sector in Israel and the collapse of hundreds of farms in the industry,” the defense ministry stated.

“When the Palestinian Authority chooses to stop its unilateral moves and bring the situation back to normal, the defense ministry will reconsider its decision” it stated.

This includes a ban on all PA agricultural exports to world markets through Jordan.

Last week, the PA declared a ban on the entry of Israeli products into PA-controlled areas, including vegetables, fruits and other products, in response to Bennet’s decision to ban the entry of PA agricultural products into Israel.

TPS has learned that the PA’s boycott of the purchase of livestock from Israel is being promoted by senior PA and Fatah officials who stand to gain from a change in the market.

Sources within the PA have told TPS that while the boycott is being presented as a national struggle against Israel, the boycott is being promoted by Yasser Abbas, son of PA head Mahmoud Abbas, and by Azzam al-Ahmed, a senior Fatah official, who have shown interest in importing calves from Portugal and Hungary, a shift that gave them control of the market.

An Israeli source told TPS that Yasser Abbas receives NIS 100 for every calf transferred into the PA. The Israeli security establishment is aware of this information, he noted.

“It appears that the objective of the crisis is to open the market to Palestinian importers who have connections and status in the PA,” a source in Ramallah told TPS. The boycott is also meant to inflict economic damage on Israel. However, a shortage of meat for slaughter in the PA has sent the prices sky-rocketing, and some sources say there has been a 25% markup.

The PA has announced over the past months that it intends to fully disengage from the Israeli economy, a move analysts warned could collapse the PA’s economy.

             (TPS)

‘Devastating Action’: Netanyahu, Bennett Talk Tough on Gaza

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Prime Minister Benjamin Netanyahu and Defense Minister Naftali Bennett issued stern warnings to Hamas in the Gaza Strip following the escalation in attacks on Israel emanating from the Strip in recent weeks. Photo by Kobi Richter/TPS on 9 February, 2020

By: Aryeh Savir

Prime Minister Benjamin Netanyahu and Defense Minister Naftali Bennett issued stern warnings to Hamas in the Gaza Strip following the escalation in attacks on Israel emanating from the Strip in recent weeks.

Netanyahu stated at the beginning of the weekly Cabinet meeting on Sunday that Israel is “prepared to take devastating action against the terrorist organizations in Gaza.”

“I want to make it clear: We will not accept any aggression from Gaza. Only a few weeks ago, we targeted the senior Islamic Jihad commander in Gaza, and I suggest that both Islamic Jihad and Hamas refresh their memories,” the Israeli premier stated, relating to Baha Ab al-Atta who was assassinated in an Israel strike in November which was followed by 48 hours of intense rocket fire and Israeli counter strikes.

“I will not go into detail about all of our actions and plans for the media, but we are prepared to take devastating action against the terrorist organizations in Gaza,” Netanyahu warned. “Our actions are very strong and they have not yet ended, to put it mildly.”

Bennett held a situation assessment at the IDF’s Gaza Division headquarters, during which he warned that Hamas’ “reckless conduct is bringing us closer to deadly action against them.”

“We will not announce when or where. The action will be very different from its predecessors, no one will be immune,” he threatened.

“Hamas faces the choice: to choose life and economic prosperity, or to choose terror and pay an unbearable price,” he concluded.

Hamas responded by stating that if Israel “takes stupid steps it will bear the consequences.”

“These threats do not scare us and they will only cause us to continue the path of resistance and to continue the struggle by all means of resistance we have,” said Hamas spokesman Fouzi Barhoum.

The exchange of fire between Gaza and Israel has become routine in recent days. Gaza based terrorists have fired seven rockets at Israel in the past week and a total of over 20 in the past several weeks.

Balloons attached to explosive charges launched by terrorists from Gaza continue to land at several locations in Israel’s south and at other locations, over two weeks that Israel has been contending with this threat.

The explosive and flammable balloon attacks have returned to haunt Israel’s residents in the south in the past weeks after several months in which such attacks from Gaza ceased.

Several of Bennet’s political faction members also recently intimated that Israel was on the verge of a mass counterterrorism operation in Gaza.

Idit Silman stated last Monday that Bennett “is planning an action, which is more meaningful for the near future, in Gaza. Bennett is building, and I know, the next big thing.”

(TPS)

Fearing US Veto, PA Withdraws Move to Condemn Israel, Deal of the Century at UN

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The Palestinian Authority (PA) will not submit to the United Nations’ Security Council (UNSC) a proposal to condemn Israel and the US’ Deal of the Century peace plan, contrary to its original intent, sources in Ramallah have told TPS. Photo by Majdi Fathi/TPS on 5 February, 2020

By: Baruch Yedid

The Palestinian Authority (PA) will not submit to the United Nations’ Security Council (UNSC) a proposal to condemn Israel and the US’ Deal of the Century peace plan, contrary to its original intent, sources in Ramallah have told TPS.

A PA sponsored resolution in the Security Council would have encountered a US veto and was doomed to failure.

Officials have confirmed in a conversation with TPS that the PA has made some amendments to the paper it submitted to the United Nations ahead of the vote on Tuesday and has erased the condemnation clause.

However, the amended version includes a paragraph condemning “all acts of violence against civilians, including acts of terrorism, incitement, violence and destruction,” as well as the “condemnation of Israeli settlements in the occupied Palestinian Territories and East Jerusalem.”

In preparation for PA head Mahmoud Abbas’ speech at the UNSC on Tuesday, the PA drafted a paper detailing a list of 300 alleged violations of the international law by the US in the Deal of the Century.

Abbas has been working to gain international support in recent days, especially from European countries, against the American plan while introducing an alternative plan.

Regarding Jerusalem, the amended PA document alleges that the US violated 20 UNSC and UN General Assembly resolutions. The document states that Israel has no sovereign rights in eastern Jerusalem, as it is “part of the West Bank and occupied land.”

Abbas will emphasize that the unilateral annexation of eastern Jerusalem in 1967 is also illegal and has not been recognized by the international community.

Regarding permanent borders and Israeli communities in Judea and Samaria, the PA document claims that the US is violating international law 90 times. Among other things, the document states that Article 2 of the UN Charter (1945) prohibits annexation through the use of force and that UN Security Council Resolution 242 (1967) also emphasizes the unacceptability of taking over territories during wartime.

In the area of ​​security, the US also violates 36 international decisions and laws, and regarding the refugee issue it violates 18 other laws and decisions, the PA claims.

  (TPS)

NY’s Met & Nazi Looted Art

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If you have ever walked through the hallowed halls of the Metropolitan Museum of Art you might have been stopped by the haunting beauty of a painting currently hanging in Gallery 634. Photo Credit: Wikipedia.org

If you have ever walked through the hallowed halls of the Metropolitan Museum of Art you might have been stopped by the haunting beauty of a painting currently hanging in Gallery 634. It currently has the title of “The Rape of Tamar,” a scene from the Old Testament. Rather, its place on the wall is a testament, perhaps, to the theft of Jewish property by the Germans under the Nazi regime. Court records indicate that it was once the possession of Siegfried Aram, whose family fled for their lives from Germany in 1933.

Now deceased, Mr. Aram had argued for many years that the painting had once been his property but the work has, as for many other stolen property from Holocaust victims, changed hands and some even re-titled. Of course, the subsequent and current owners of these works claim ignorance of the provenance of these now invaluable pieces of art. Lynn Nicholas, an art expert and historian of Nazi looted art , states: “Unless somebody made a noise, it would not even have occurred to a dealer to go back and check.” Nonsense. Museums and those experts who trade in the art field have a responsibility to check the history of the pieces with which they wheel, deal and make fortunes.

A portrait of Siegfried Aram by Warren Chase Merritt in 1938. Photo Credit: Fine Arts Museums of San Francisco

But Mr. Aram, his descendants and many other Jewish victims, after so many years of their artworks being sold and resold, have a tough job not only proving their prior ownership but as well, the illegal means by which their properties were stolen from them by the Nazis and their followers. Just chew on the fact that the Nazis looted about 600,000 paintings from Jews and at least 100,000 are still missing. “Missing,” means that no one knows, or wants to know, their whereabouts. Many of these works, perhaps even the Gallery 634 piece, are now “legally” owned and proudly displayed by museums, both private and publicly owned. Case in point, a federal judge has ruled, in another instance of “Nazi stolen art,” that in the case of a Spanish museum now the “owners” of one such piece, that: “The court must apply (that nation’s) law which states that a museum or collector can keep artwork it purchased without realizing it was stolen.”

That’s one of the legal problems these victims and their families face. Sadly it resurrects the old streetwise idiom: “Possession is nine tenths of the law.”

NYC Landlords Struggle to Survive New Laws

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Landlords around the country now see the handwriting on the wall. The scribbling tells them that their business of building, maintaining and investing in rental housing is now in jeopardy. Above is a picture of a New York City street. Photo Credit: Ryan DeBerardinis/Shutterstock

Landlords around the country now see the handwriting on the wall. The scribbling tells them that their business of building, maintaining and investing in rental housing is now in jeopardy. Progressive communities and states are waging war on them as a means of taking over the housing industry to make it government controlled. There is no other answer to the recent changes in housing laws that the cities of Seattle and New York have instituted in order to squeeze private ownership of rental properties out of business. We all know of the utter failure of our own city in its maintenance of public housing. Our crumbling projects are a total disaster. Crime, filth, overcrowding and violence is the name of the game under which so many of the hapless residents of these squalid buildings are forced to live.

Recent NYC laws cripple the owners of rental properties. Many are selling out in order to avoid the new restrictive regulations regarding security deposits, evictions and the threats of lawsuits brought by city agencies on behalf of their tenants. Lawyers’ fees are crippling these landlords. Now the city of Seattle has joined in. Their city leaders have imposed a pair of ordinances aimed at restricting property owners’ right to choose their tenants. Such reforms have a tendency to spread once they take root. their “First in Line” rule requires landlords to set rental criteria and then rent to the first person who walks in the door with an adequate application.

Consider the paperwork involved and the inevitable lawsuits from those whose applications were refused. In addition, the landlord is prohibited from inquiring about or even considering an applicant’s criminal history. That is now deemed illegal, an “unfair practice” that can subject the landlord to severe civil penalties. A former prison inmate, whether a rapist, murderer or any other felon can now claim the right to rent an apartment or home as long as he’s first in line. We can see a whole new army of “Tenants’ Rights” attorneys reaping in the profits from litigation. But innocent renters will suffer, as well. They will have to suffer and live alongside of neighbors who may be criminals. With landlords being responsible for the safety of their tenants, this leaves them helpless and at the mercy of the courts.

The creeping discrimination and legal actions against private landlords will cripple the market, leaving such awesome responsibilities to elected politicians who know as much about the housing market as they do about ……governing. That’s too frightening to even contemplate.