Economic instability and IDF uncertainty follow overhaul law

Welcome to The Times of Israel’s Daily Briefing, your 15-minute audio update on what’s happening in Israel, the Middle East and the Jewish world, from Sunday through Thursday. Zman Yisrael editor Biranit Goren and military correspondent Emanuel Fabian join host Amanda Borschel-Dan on today's episode. Credit rating agency Moody’s Investors Service published an issuer comment report that warns of risks to the economy following the passage of the first judicial overhaul legislation. We hear what was in the report and what other finance bodies are saying. Thousands of reservists have threatened to end their volunteer reserve duty in protest of the overhaul in recent weeks, and yesterday, IDF Chief of Staff Lt. Gen. Herzi Halevi issued a rare video statement calling for unity within the military. How are Israel's enemies viewing this possibly weakened army? In a bold move, Attorney General Gali Baharav-Miara requested that the High Court of Justice strike down a law passed in March that prevents the court from ordering a prime minister to recuse himself from office. If the High Court agrees to intervene here, it would mark the first time the court strikes down one of Israel’s quasi-constitutional Basic Laws. Why else is this move noteworthy? Discussed articles include: Moody’s after overhaul law: Israel faces negative economic fallout, significant risk Almost 70% of Israeli startups act to shift funds, relocate due to judicial shakeup Israeli shares, shekel slide as passage of overhaul law crushes compromise hopes IDF says battle-readiness is weeks from being impacted as reservists decamp en masse IDF says no threat after Hezbollah members seen patrolling on northern border Attorney general asks High Court to strike down law shielding Netanyahu from recusal Subscribe to The Times of Israel Daily Briefing on iTunes, Spotify, PlayerFM, Google Play, or wherever you get your podcasts. IMAGE: Illustration of Israeli currency, July 9, 2023. (Chaim Goldberg/Flash90)See omnystudio.com/listener for privacy information.