NEWS: Former PM Olmert is acquitted of major corruption charges, but convicted on “breach of trust.” The population of Israeli settlers in the occupied territories is booming under PM Netanyahu. Netanyahu refers a report asserting broad Israeli authority over the occupied territories, and which denies there is any occupation, to his ministerial committee on settlement affairs. The US criticizes the report. Israel's Air Force bombs southern Gaza with no injuries reported. Hamas demolishes more homes in Gaza it says are built on government land. Palestinian businesses are reaching out to new markets in Jordan. An Israeli oil well project straddles the border between Israel and the occupied Palestinian territories. A new poll suggests young Jewish Americans may be growing more, rather than less, attached to Israel. The UN says Israel has dramatically increased the demolition of Palestinian homes. The PA says it plans to hold local elections on October 20. COMMENTARY: Adam Gonn says Pres. Abbas' participation in a conference in Tehran is not intended to appease Ahmadinejad. Alex Fishman says Abbas is only undermining his own credibility by going to Tehran. Aeyal Gross critiques claims by the Levy Committee Report that there is no occupation in the occupied Palestinian territories. The Jerusalem Post says it also thinks there is no occupation in the occupied territories. Gershon Baskin says peace cannot be achieved at the expense of either Israelis or Palestinians. Kenneth Bandler says Israeli government efforts to promote employment among Palestinian citizens of Israel should be supported by everybody. Robert O. Freedman says there are solid grounds for stronger ties between Israel and Russia. Dimi Reider says closer Israeli-Russian ties are based on growing shared, and disturbing, values. Osama Al Sharif says the late Pres. Arafat's death continues to haunt friend and foe alike.