July 26

YNet reporting that Israel’s economy already severely damaged: Tel Aviv Stock Exchange down 15-20%, shekel has depreciated by 10-15% against other currencies, 90% drop in new investments in the high-tech sector. This is already increasing prices, increasing mortgage rates, and decreasing value of pensions.

Arutz 7 reporting that the Coalition will be moving forward with amending the Law of Return when the Knesset reconvenes in October. The Law of Return currently allows in anyone who would have been classified as Jewish during the Holocaust. The new legislation will restrict aliyah to just halachic Jews, presumably canceling both grandparents and patrilineal descent.

Two thirds of the 734 tech CEOs in last week’s Start Up Nation Central poll have taken steps to move their asset outside Israel.

Bret Stephens in the NYT mentions a surge in Israelis seeking second passports.

Over 900 Israeli doctors now actively discussing relocation. An OECD (Organization for Economic Cooperation and Development) report warned in June that Israel already faced a severe shortage of physicians, with more than half of Israel’s doctors close to pension. Even before judicial reform, Israel was reportedly the number-one exporter of doctors to the U.S.

A Channel 13 poll shows 56% of Israelis are concerned about civil war. Likud voters polled are less concerned at only 37%, with 56% unconcerned.

Senior Israeli nuclear scientists in the Israeli Atomic Energy Commission considering resigning in protest.

The US State Department announced that military aid to Israel will not be affected.

Economic ratings agencies cited speculation that Attorney General Gali Baharav-Miara might be fired by the government, calling it a “dangerous move” given likely market reactions.

The shekel fell again, from 3.62 to 3.71.

The military has warned combat readiness may soon be affected.