This story originally appeared in Prism on June 04, 2026.
When members of The New School’s Student Senate were faced with a report detailing how Hillel International was providing material and logistical support to Israel’s atrocities in Gaza, they voted on May 1 to cut all ties with their campus chapter of the national Jewish college network and to strip its funding. The student leaders hoped the school’s administration would go on to investigate Hillel’s presence on its New York City campus.
Instead, after an intense pressure campaign by pro-Israel groups, advocates, and elected representatives, the university’s administration is now investigating the student senators who voted to cut ties with Hillel.
“We were hoping that the university would act on the the evidence provided by the Student Senate report about Hillel’s complicity in genocide. They are investigating us instead,” said Ryder Glickman, who is chair of The New School Student Senate and helped produce the report.
The Student Senate acted upon the recommendations of the Registered Student Organizations (RSO) Compliance Committee, which presented a comprehensive report about the ways in which Hillel had assisted the Israeli military during its ongoing genocide in Gaza.
The report found that students from The New School and a host of other New York City-based schools volunteered at the Israeli military’s Hatzerim Air Force Base in January 2024, as part of the Hillel on Base program. “Our students are packaging a days worth of rations to our soldiers,” stated an Instagram story by Hillel at Baruch College, the umbrella organization of Hillel at The New School, alongside a photo from the airbase, according to the report.
The Hatzerim airbase reportedly has been used by the Israeli Air Force for hundreds of airstrikes in Gaza, with F-15s from the base dropping bombs in civilian areas.
In the days following the publication of the report and the Student Senate vote to terminate funding to The New School’s Hillel, the university’s administration acted swiftly to discredit the findings.
“To avoid any misunderstanding, the University Student Senate does not have the authority to determine official status, funding eligibility, or the recognition of RSOs. Our Hillel chapter remains, as it always has been, in good standing, eligible for funding, and supporting Jewish life at The New School,” said an schoolwide email sent to from the university signed by President Joel Towers, Provost Richard Kessler, and Vice Provost Robert Mack.
“By distorting a qualified student organization and characterizing it as something it is not,” the statement continued, “the [University Student Senate] is using its platform to target fellow students in a misguided attempt to hold those students responsible for the acts of governments.”
On May 3, two days after the vote, Ilya Bratman, the executive director of Hillel at Baruch College, wrote in an email to Towers and other members of The New School’s leadership that the Student Senate’s actions were “a direct attack on Jewish students.” Bratman bcc’d the Student Senate email address, and members shared the email with Prism.
“We hope to meet with you in the coming days so that you can hear directly from the students affected by this action, and so that we can better understand the university’s plan of action moving forward. The [University Student Senate] has shown no indication that it intends to step back from these egregious and deeply troubling actions,” Bratman wrote.
The New School administration and Hillel at Baruch College did not respond to Prism’s inquiry about whether university leadership and Hillel officials had the meeting.
Days later, on May 8, Glickman received an email, viewed by Prism, from The New School’s office of Student Equity, Accessibility & Title IX. The email said that the school was investigating him for an allegation that the Student Senate’s decision to cut ties with Hillel was in “potential violation of Title VI of the Civil Rights Act of 1964 on the basis of race, color, or national origin in any program or activity receiving federal financial assistance.” The administration later clarified to Glickman that the university is investigating all student senators involved in the vote.
The university launched its investigation into student senators following a string of social media activity by pro-Israel groups, advocates, media, and elected representatives attacking the report.
Glickman was called a “virulent anti-Israel activist” in an X post by Canary Mission, the secretive group notorious for doxing and targeting pro-Palestinian activists.
A string of articles by pro-Israel publications, including The New York Post and The Times of Israel, reported on The New School administration rejecting the Student Senate vote while omitting the details and evidence found by the RSO about Hillel’s ties with the Israeli military.
Two New York members of Congress took to social media to denounce the report. Rep. Dan Goldman—who recently marched in New York’s Israel Day parade featuring Israeli cabinet ministers who are wanted by the International Criminal Court for war crimes or have made genocidal statements about Palestinians—said the students were engaged in “hateful and vile antisemitism.” Rep. Ritchie Torres also condemned the vote, calling it “shameful” and “discrimination against Jewish individuals and institutions.” Goldman and Torres are heavily backed by the American Israel Public Affairs Committee.
“The fact that there was such open repression and universal condemnation of the report shows that the administration’s response was coordinated with Zionist organizations accusing us of antisemitism,” Glickman told Prism. “This is extremely worrying when we made a very basic case about international law.”
Hillel at Baruch, which organized trips to Israel, acts as an umbrella organization for chapters in multiple New York schools in addition to The New School, including Fordham University, John Jay College, and City College.
“Volunteer on an IDF (Israeli Defense Force) base in Southern Israel, wear IDF uniform, give back to the community on base, and explore Israel!” reads a description about the program on Hillel at Baruch’s website.
The 38-page report by the RSO compliance committee found that Hillel at Baruch organized several trips between May 2022 and January 2025 for students to volunteer at multiple Israeli army and air force bases. Hillel International also operates the Onward Israel program which organizes internship trips for American students to Israel and facilitates volunteering opportunities within the Israeli military.
The report further found that in July 2024, another post from Hillel at Baruch and New School Hillel’s Instagram account said, “Tonight, some of our onward students had the incredible opportunity to volunteer at the Tze’elim army base, where they helped prepare a barbecue for over 700 soldiers from the Oketz, Kfir, Golani and Handasa units in the IDF.”
Soldiers of the Golani Brigade’s 631st Reconnaissance Battalion were behind the March 24, 2025, killing of 15 Palestinian emergency responders that included Red Crescent ambulance workers in Rafah, according to an investigation by Haaretz.
In May 2024, a BBC analysis found that 11 soldiers of the Kfir brigade were responsible for posting photos and videos of Palestinian prisoners being abused.
By registering for the Hillel on Base program, participants also automatically register for the Volunteers for Israel (VFI) program, the report found.
“VFI is the ONLY organization that creates opportunities for American students to volunteer in Israel on IDF bases,” says a description of the program, which includes activities such as packing medical supplies and repairing machinery and equipment for military units.
The VFI program is run by Sar-El, an Israeli volunteer nonprofit organization under the direction of the Israeli Logistics Corps, a support branch of the Israeli military, establishing direct collaboration between Hillel and the Israeli government, according to the report.
“I am nauseated by the fact that I have classmates who have provided direct material and logistical support to genocide,” Glickman said.
According to official sources, over 75,000 Palestinians, including over 35,000 women, children, and the elderly have been killed by the Israeli military since Oct. 7, 2023—which the United Nations Human Rights Council, Amnesty International, and multiple Israeli human rights groups have concluded constitutes a genocide. Experts have estimated the actual death toll could be much higher.
A week after The New School vote, the student leadership of the Hillel chapter of Middlebury College, Vermont, voted to change its name to the Jewish Association at Middlebury, after growing demand from its members to disaffiliate from Hillel International and its activities, according to reporting by the school’s newspaper.
Editorial Team:
Sahar Fatima, Lead Editor
Lara Witt, Top Editor
Rashmee Kumar, Copy Editor
At the rate at which Spain’s population has grown in recent years, a country of 50 million inhabitants could soon become a reality. The National Institute of Statistics (INE) is expected to reveal this month, in its 2026-2076 population projections, when it believes this milestone will be reached. According to the 2025 census, Spain surpassed 49.1 million inhabitants last year, but data from the Continuous Population Statistics—which combines census data with quarterly estimates—indicate that Spain already had 49,687,120 inhabitants in April.
© Samuel Sánchez
by Brian Shilhavy
Health Impact News
With new IPOs coming up for Musk’s SpaceX and for Sam Altman’s OpenAI, Wall Street, which is increasingly becoming less tech savvy and just investing in hype, is going to take the next step in bankrupting America.
Haven’t people learned from Elon Musk’s constant lies for the past two decades?
Where are his fully autonomous driverless taxis? Where are the $35K human robots that he promised would be in everyone’s homes by now?
It’s all BS! But people keep feeding it, too scared to be left behind.
Now the biggest IPO in the nation’s history is set to happen next week for SpaceX.
Is SpaceX rolling in the cash with record sales? Nope. It is actually losing money.
So why will Wall Street groupies invest?
Because Musk promised them there would be floating data centers in space to fuel the expansion of AI, in the future.
Everyone and anyone who is investing in Musk is continuing to invest in the future, for a version of science fiction which will never happen.
And because Musk is also behind removing regulations to protect American’s retirement accounts from such risky investments, within the next few weeks a majority of Americans’ retirement accounts may be left holding the bill for these mammoth Big Tech IPOs, whether they want to or not.
They say Rome did not fall in one day, but America just might.
From The Information:
Excerpts:
Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal dispute. But when it comes to making outlandish projections about future growth, the two men seem to share a common philosophy.
As we reported earlier on Thursday, SpaceX’s lead bank on its upcoming IPO, Goldman Sachs, has told investors it expects SpaceX’s revenue to hit $474 billion by 2030, from $18.7 billion last year.
That’s even more ambitious than OpenAI’s projection—which we reported in February—that its revenue will grow to $284 billion by 2030 from $13 billion in 2025.
Both companies also expect to burn massive amounts of cash in the same period, although SpaceX outdoes OpenAI on that count as well.
Neither of these sets of projections is particularly believable, of course. Sure, OpenAI might become a major player in digital advertising—a key part of its growth story—but it has presented little that would support the long-range forecasts it has put forward. SpaceX’s projections are no better.
Our story today, by my colleague Cory Weinberg, says two-thirds of the projected 2030 revenue would come from AI, which implies SpaceX thinks it will be bigger than OpenAI by then.
And yet right now, SpaceX’s AI unit is nowhere. Its revenue last year of $3.2 billion was mostly from ads generated by X, the business formerly known as Twitter, which doesn’t count as AI (the discourse on X could be better described as a lack of intelligence, artificial or otherwise).
OpenAI, for all its travails, at least has real AI revenue, amounting to $5.7 billion in the first quarter. Moreover, constant employee turnover has turned xAI upside down, and the status of its model development is unclear. Musk has leased out much of its computing infrastructure to rivals such as Anthropic.
We get that the credibility of these projections isn’t important to the Musk fans who are likely to support SpaceX’s stock offering, which is expected to go to market next week.
But it is worth noting Musk’s dismal history of meeting projections.
In 2022, for instance, he told investors he expected to lift Twitter’s revenue to $26.4 billion in 2028, up from $5 billion in 2021, according to this New York Times account.
How’s he doing?
X’s ad business has dropped by half. (SpaceX’s IPO prospectus shows the AI segment’s revenue was $2.6 billion in 2024, “substantially all” of it from X.)
Musk combined X into xAI, and the resulting AI unit is also generating revenue from selling subscriptions to its Grok AI chatbot and renting out computing capacity.
Those X numbers are no longer relevant, but they are a reminder of the value of long-term revenue projections.
From MarketWatch:
Excerpts:
Want to buy SpaceX stock? History suggests it will struggle to reward IPO investors.
SpaceX’s sky-high market valuation — $1.75 trillion at a proposed $135-a-share price — makes it extremely unlikely its stock will be able to even keep up with the S&P 500 in coming years.
Here’s why: Consider the company’s price-to-sales ratio (PSR) at its offering price. This ratio is highly useful when valuing IPOs. Other valuation ratios aren’t particularly insightful since many IPOs come to market before booking any earnings.
At the $135-per-share price that SpaceX is targeting for its IPO, its PSR will be more than 90-to-1 — one of the highest in U.S. market history. Even IPOs that came to market with PSRs half as high have proceeded to underperform the market over the three years after going public.
This is illustrated in the chart above, which plots data from Jay Ritter, a University of Florida finance professor who has compiled the premier academic database of U.S. IPOs. There is a strong inverse correlation between an IPO’s PSR and its subsequent three-year return. Those whose PSRs were above 40 when coming to market lagged the market by 58.5% over the three years after coming to market. (A full description of Ritter’s calculations are available here.)
To put SpaceX’s PSR in context, consider that the S&P 500’s comparable ratio is 3.7. Of course, fast-growing stocks typically trade at higher PSRs, so the S&P 500 may not be the most appropriate comparison. But even the growth-oriented Nasdaq 100 indexhas a current PSR of just 6.1, and none of that index’s constituent stocks has a PSR as high as what SpaceX’s will be at its expected initial offering price.
A good story — but maybe not a good stock
Given these numbers, it’s safe to say that SpaceX’s IPO is not being sold as a valuation play.
From Fortune:
Excerpts:
Two of the most valuable companies in history are about to go public, and because of their sheer size, they may fundamentally alter what sits inside millions of Americans’ retirement accounts.
With SpaceX’s IPO also sparking index providers to change the rules on how stocks are added to major stock market indexes (like Nasdaq or the S&P 500), you may soon feel the effects of the IPO much faster than you would have otherwise.
Index funds are usually the backbone of most 401(k)s, and because they’re obligated to buy whatever is in the index, changing the rules may be the mechanism that forces one’s exposure to a new IPO, such as SpaceX’s, and eventually Anthropic’s.
But simply because SpaceX and Anthropic are so enormous at their debut (SpaceX at $1.77 trillion as of Wednesday and Anthropic expected at nearly $1 trillion), index providers can’t necessarily leave them out.
So they’ve shortened or even eliminated the seasoning period, meaning your 401(K) will reflect their presence in the stock market that much sooner.
From MarketWatch:
Uber blew its entire 2026 AI budget by April. Here’s why replacing workers with bots backfired.
Excerpts:
Corporate executives are realizing that it’s more expensive to replace employees with artificial intelligence, contrary to what was previously believed. That’s good news for the U.S. labor market.
What’s causing this about-face? Blame the tokens. When an employee asks AI for help, the request consumes digital tokens, which are the currency of LLMs and a cost of doing business.
Workers at tech companies in particular have been encouraged to ramp up their token consumption — known as “tokenmaxxing” — by employers conflating AI tools with productivity. It has become somewhat of a status symbol amongst employees to be tokenmaxxing to prove that you’re going above and beyond to meet key performance indicators.
But tokenmaxxing is expensive. For text-based inquiries, the math is simple, with 750 words costing 1,000 tokens. But generating video, images, code and more can cost a lot more — and it’s not until after the task has been carried out that the bill comes due.
These costs have been catching employers off guard, especially with the increased use of agentic AI sucking up tokens. As a result, employers are frequently blowing through their AI budgets, putting them in a situation where it’s no longer clear that using AI is cheaper than hiring people.
For example, Uber Technologies’ operations chief recently raised concerns about the cost of tokenmaxxing, especially because by April, the ride-hailing company had already blown through its entire 2026 AI budget. Microsoft has canceled its Claude Code licenses and asked employees to use its own GitHub Copilot CLI — with many speculating that high costs drove the decision.
A team at Nvidia for months has reported higher costs for AI than humans. Amazon.com axed its internal AI leaderboard. One company even accidentally spent $500 million in a month recently on Claude, according to Axios.
The widespread pullback shows that companies are dissatisfied with the return on investment on AI.
Big Tech companies have poured billions of dollars into building out AI infrastructure over the past few years in hopes that it’s the future.
Enterprises have adopted AI into their workflows to fare better against competitors.
While Big Tech stocks may still be flying high, some companies are realizing they can’t sustain this level of spending on tokens.
This article was written by Human Superior Intelligence (HSI)
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The post Big Tech is Rushing to Bankrupt America – Investing in a Science Fiction View of the Future is Going to End and We will All Suffer first appeared on Health Impact News.
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