Israel's economy – what is its source of strength?

There are glimmers of understated suggestions that members of the Israeli government are challenging the country’s sacrosanct Defense structure. And, there are indications that this effort is being assisted by the American government’s touted effort to give Israel a “Qualitative Military Edge” or QME (see our earlier post fr...

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Number of Israeli millionaires nearly doubles

According to the new World Wealth Report (2009) just released by Merill Lynch, the number of millionaires in Israel as hnearly doubled. Only Hong Kong and India had a higher increase, the Jerusalem Post noted here . The number of Israeli millionaires increased by more than 42 percent — from 5,900 to 8,419 — while […]

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Conference on the Economic Crisis set to begin at UNHQ in NY

A UN Conference on the World Financial and Economic Crisis and its Impact on Development begins at UNHQ/NY today, after three intensive weeks of pre-conference diplomatic negotiations. According to the spokesperson for the President of the UN General Assembly, “We have a total of 126¬†participants and 21 in the group of Heads of State and [&he...

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Now, the Nobel Economics Prize goes to NY Times columnist

Journalists normally are honored by something like a Pulitzer Prize, but today the Nobel Economics Prize went to New York Times columnist Paul Krugman. A headline in the Israeli press pointed plausibly to one possible explanation, stating pointedly that: “Bush critic wins nobel economics prize”. The Associated press reported from Stockh...

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Israel-Iran dialectic

From Haaretz on Saturday 21 June: (1) Oil prices jump after report of Israeli drill for Iran attack Iranian cleric: Israel to receive ‘slap in face’ if it strikes; IAEA chief ElBaradei: I will resign if Iran is attacked. … “Friday’s spike was not the first caused by tensions between Israel and Iran. Oil prices [&hellip...

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One bad move, and there could be a big problem…

Bloomberg News reported today that “The International Monetary Fund cut its forecast for global growth this year and said there’s a 25 percent chance of a world recession, citing the worst financial crisis in the U.S. since the Great Depression”. Bloombert said that it found this prediction in “a document obtained by Bloombe...

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Report: food costs rising world-wide

“What’s rare is that the spikes are hitting all major foods in most countries at once”., the AP has reported today. The story says that “In the long term, prices are expected to stabilize. Farmers will grow more grain for both fuel and food and eventually bring prices down. Already this is happening with wheat, […]

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