Tuesday, October 24, 2023

Here’s How Much Joe Biden Is Worth | Israel’s window of legitimacy in Gaza is shrinking | How To Take Time Off From Work—And Really Mean It | The Department of Defense Is Arming Small Businesses in the War Against Cybercrime

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Here's How Much Joe Biden Is Worth - Forbes   

President Biden is worth an estimated $10 million, up from $8 million when he took office. The increase has nothing to do with family business dealings in far-flung countries. Instead, he is getting richer by doing what a lot of 80-year-old Americans are doing: sitting on real estate. The president owns two homes in Delaware that are worth an estimated $7 million combined, $1.8 million more than they were when he took office.

His most valuable property is a 4,800-square-foot summer home in Rehoboth Beach, worth an estimated $4.5 million. Biden bought it in 2017, the year he left the vice presidency and earned $11.1 million, cashing in on speeches and books. He added a pool, which may have cost as much as $75,000, in November of that year. All of this seemed like a splurge at the time, but it proved to be a wise investment. During the pandemic, homebuyers flocked to bigger properties with outdoor amenities like Biden's, seven minutes from the ocean and next to a state park loaded with biking trails. The home is now worth an estimated $4.5 million, $1.7 million more than it originally cost.

The president owns an even larger, though not-quite-as-valuable house in Wilmington's picturesque Greenville neighborhood. It started as just a piece of land, which Biden bought for $350,000 in 1996, before adding a 6,850-square-foot, colonial-style home two years later, then a 1,900-square-foot cottage in 2005. For years it was Biden's most-valuable asset, and he refinanced it repeatedly until receiving his 2017 windfall. Today the property is worth an estimated $2.5 million, $700,000 more than it was worth two years ago. Combined, Biden's two homes make up about two-thirds of his personal fortune.

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Israel's window of legitimacy in Gaza is shrinking - The Economist   

On Israel’s northern border with Lebanon, in the Upper Galilee, the air is heavy with acrid smoke as shelling ignites forest fires. Civilians have been evacuated and soldiers in helmets guard the junctions. Every hour or so, Hizbullah missiles explode inside the border, and Israel launches a counter-barrage aimed at the Iran-backed militia. This is a country poised for war. To the east Israel is bombing Syrian airfields thought to be used to ship arms to militants. To the west an American aircraft-carrier strike group floats in the Mediterranean, with a second on its way to the region, to try to deter Iran and its proxies. In the south a vast Israeli invasion force awaits an order to enter the battle grounds of Gaza.

Fifteen days after Hamas’s attack on Israel, that ground invasion has yet to begin. One reason for the delay is a desperate flurry of last-minute diplomacy. On October 20th two American-Israeli hostages were released by Hamas after talks brokered by Qatar. A day later an international conference in Cairo called for a cease-fire. A limited amount of aid is now flowing across from Egypt into Gaza and negotiations over more hostage releases are ongoing.

The delay also reflects debate within Israel’s government about what kind of war it wants to fight: hard and fast, or patient and long? On October 19th field commanders finalised operational plans and the war cabinet met in Tel Aviv. After seven hours, the meeting chaired by Binyamin Netanyahu, the prime minister, ended inconclusively. Strained relationships and stress may be impeding decision making. The impetuous defence minister, Yoav Gallant, supported by some generals, wants to rush into another short, sharp war. Mr Netanyahu is chronically hesitant.

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