Israel’s credit rating has been downgraded by Moody’s for the first time, with a negative outlook for the economy. This is due to massive military spending and a decrease in revenues, leading to heavy borrowing to fund the war on Gaza and one of the widest budget deficits in the country’s history. The finance minister has criticized the decision, calling it a “political manifesto”, while concerns about fiscal and political risks persist. Additionally, commercial real estate in the US is struggling, and international banks are also experiencing repercussions. On a different note, the concept of a four-day workweek is gaining attention.