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Monday, September 2, 2024

Thousands join funeral for US-Israeli hostage in Jerusalem

 Slain US-Israeli hostage Hersh Goldberg-Polin’s grief-stricken mother begged for his forgiveness Monday for not being able to secure his rescue from Hamas captivity, as thousands packed his funeral in Jerusalem.

“If there was something we could have done to save you, and we didn’t think of it, I beg your forgiveness. We tried so very hard, so deeply and desperately. I’m sorry,” Rachel Goldberg told her late son during the emotional ceremony at the Givat Shaul cemetery.

Hersh Goldberg-Polin’s body was recovered from a tunnel in Gaza Saturday.via REUTERS
Mourners participating in the funeral procession of US-Israeli hostage Hersh Goldberg-Polin in Jerusalem, amid ongoing Israel-Palestinian conflict.POOL/AFP via Getty Images

Goldberg gave a tearful but emphatic tribute to her “sweet boy,” who was found dead alongside five other hostages Saturday in a tunnel beneath Rafah in the southern Gaza Strip.

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“Now my Hersh, I ask for your help, as we transform our hope into grief in this new, unknown brand of pain. I beg of you, Hersh, please do what you can do to have your life shine down” she said.

Goldberg added that she was heartened to know that Hersh, 23, was held alongside five other hostages, whom she had learned about from their families during the past 11 months.

“Those beautiful six survived together, and those beautiful six died together,” she said.

Goldberg described the family’s mourning in the days since Hersh’s body was found as a “new, unknown brand of pain.”

Goldberg became tearful near the end of her address, before telling her late son “finally, you’re free!”

Jon Polin (left) and Rachel Goldberg, parents of Hersh Goldberg-Polin, speak on stage during the Democratic National Convention.AP

“I will love you, and I will miss you every single day for the rest of my life,” she said.

Hersh’s father, Jon Polin, asked mourners to reflect on a Torah verse that encouraged people to find a close teacher and counselor and to give everyone the benefit of the doubt.

“This verse is Hersh,” the grieving dad told the crowd.

From a young age, Hersh “had a wisdom that always expanded my own thinking,” Polin said.

The dad recalled moments of Hersh growing up, including the time he charged passers-by $1 per presidential trivia question during a family vacation in Florida.

Polin also used the platform to issue a rallying cry for the return of the remaining 101 hostages.

Jonathan Polin grieving at the funeral of his son, US-Israeli hostage Hersh Goldberg-Polin, in Jerusalem amid ongoing conflict, September 2, 2024.POOL/AFP via Getty Images
Drone view of people gathering to support the family of Hersh Goldberg-Polin, heading to his funeral in Jerusalem.REUTERS

“The 23 years of life that we had with you were a blessing,” he told Hersh. “You were a really great guy. I love you.”

Hersh’s two younger sisters, Leebie and Orly Goldberg-Polin, gave an address in Hebrew.

All four family members appeared with their shirts torn at the chest, a traditional Jewish expression of grief that symbolizes the heartbreak of profound loss.

Israelis gathered in mourning near the family home of US-Israeli hostage, Hersh Goldberg-Polin, prior to his funeral in Jerusalem amid the Israel-Palestine conflict.AFP via Getty Images

The soccer-loving music enthusiast was also eulogized by his friends from school and members of the Hapoel Jerusalem Basketball Club.

Israeli President Isaac Herzog opened the ceremony with a speech he delivered in both Hebrew and English.

He asked for the Goldberg-Polin family’s forgiveness for the government’s failure to bring Hersh home alive after nearly 11 months in captivity.

People pay their respects on the street on the day of the funeral of Hersh Goldberg-Polin.REUTERS

Hersh’s funeral was attended by hundreds of mourners, while thousands of others lined the streets of Jerusalem to observe the procession to the cemetery.

The discovery of Hersh’s body on Saturday sparked a massive outpouring of grief and outrage across Israel.

The family of Hersh Goldberg-Polin en route to his funeral.REUTERS
The IDF identified the other five victims as Ori Danino, 25; Eden Yerushalmi, 24; Almog Sarusi, 27; Alexander Lobanov, 33; and Carmel Gat, 40.

Autopsies revealed that all six had been alive as recently as 72 to 48 hours before they were found.

They were all shot multiple times at close range.

“The tragic murder of Hersh, just months after we all saw his face in a hostage video released by Hamas, is nothing short of vicious and senseless,” the Hostage and Missing Families Forum said in a joint statement.

“It is more proof that Hamas is killing hostages in captivity. And it is a cruel reminder that with each passing day, the chances of bringing anyone home alive are at grave risk. 

“For the last 331 days, we warned that this could happen. Enough is enough,” they said.

Hersh’s killing also came shortly after his parents made an emotional appearance at the Democratic National Convention in Chicago.

https://nypost.com/2024/09/02/world-news/thousands-line-streets-for-hersh-goldberg-polin-funeral-procession/

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

 Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks particularly vulnerable during a market correction.

Last month, Alphabet Inc's lost 4.7% of its market value as a slowdown in YouTube's advertising sales fuelled concerns about its earnings. A U.S. judge's ruling that Google had violated antitrust laws and the emergence of new competition from OpenAI, which is developing an AI-based search engine prototype, also contributed to its shares' decline.

Amazon.com Inc's market value fell 4.5%, affected by slowing online sales.

Tesla's market capitalisation fell 7.7% last month after weaker Q2 earnings and following the news that Canada planned a new 100% tariff on Chinese-made electric vehicles.

The world's most valuable automaker started shipping Shanghai-made EV's to Canada last year and Ottawa's plans raised concerns about the potential profit impact of exporting from its higher-cost U.S. production base.

Meanwhile, Nvidia's market value fell in the last week of August by 7.7% to $2.92 trillion, after it projected third-quarter gross margins below market estimates and reported revenues that only met expectations, disappointing investors who were expecting a stronger performance.

Nvidia, which commands more than 80% of the AI chip market, stands in a unique position as both the largest enabler as well as beneficiary of surging AI development.

On a positive note, U.S. drugmaker Eli Lilly's market value surged nearly 20%, leading market gainers, driven by robust sales and the launch of a weight-loss drug that significantly reduces the risk of developing type 2 diabetes in overweight adults.

Berkshire Hathaway's market value closed above $1 trillion for the first time at the end of August, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the U.S. economy.

Meta's market value also climbed nearly 10% after it beat market expectations for its second-quarter revenues and forecast strong revenue growth in the July-September quarter, indicating that strong digital ad spending on its platforms could offset the costs of its AI investments.

https://finance.yahoo.com/news/tech-market-values-fall-ai-120911222.html

ByteDance Taps Banks for $9.5 Billion Asia Dollar Corporate Loan

 TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday.

Citigroup, Goldman Sachs and JPMorgan are the coordinators of the financing, which carries a tenor of three years and can be extended to up to five years, the sources, who did not want to be named because the discussions are confidential, said.

Bloomberg News had earlier reported that the loan will be partly used to refinance an existing $5 billion dual-tranche facility.

https://money.usnews.com/investing/news/articles/2024-09-02/bytedance-taps-banks-for-9-5-billion-asia-dollar-corporate-loan-sources-say