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Month: June 2007

The follies of US policy in Palestine

The follies of US policy in Palestine

Jeffrey D. Sachs American foreign policy in the Middle East experienced yet another major setback this month, when Hamas, whose Palestinian government the United States had tried to isolate, routed the rival Fateh movement in Gaza. In response, Israel sealed Gaza’s borders, making life even more unbearable in a place wracked by violence, poverty and despair. It is important that we recognise the source of America’s failure, because it keeps recurring, making peace between Israel and Palestine more difficult. The…

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Blair Is Appointed Mideast Envoy

Blair Is Appointed Mideast Envoy

Tony Blair resigns and is made envoy to the Middle East. What makes you think he would succeed in Palestine when he had failed in Iraq? Tony Blair, who stepped down today as the prime minister of Britain, has been appointed a new senior peace envoy for the Middle East, working on building the framework for a Palestinian state, officials said today. The widely expected announcement was made at the United Nations in New York and at the State Department,…

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Egyptian bank sues Israel for dividends

Egyptian bank sues Israel for dividends

The National Bank of Egypt is suing the State of Israel for unpaid dividends. Perhaps they would be successful enough to bring Israel into bankruptcy? A state-owned Egyptian bank is suing the State of Israel for $78 million in unpaid dividends for its investment seven decades ago in the company that built Jerusalem’s landmark King David Hotel, an attorney representing the bank said Wednesday. The National Bank of Egypt claims that Israel’s Custodian General expropriated shares that it purchased in…

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Israeli Expert: Defense budget demands could set back standard of living 20 years

Israeli Expert: Defense budget demands could set back standard of living 20 years

~EXCERPTS~ “If the Defense Ministry demand for an additional NIS 30 billion in 2007 to 2010 is accepted, Israel will return to the ‘Lost Decade,” – 1974-85 after the Yom Kippur War, when defense budgets dwarfed civil budgets and hyperinflation ran in triple digits, the official said yesterday. “The government economist claims the demands are extravagant and would push Israel 20 to 30 years back economically, including a sharp drop in the standard of living.” “The economist believes it is…

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Egyptian gets life on Israel spy charge

Egyptian gets life on Israel spy charge

Well this traitor certainly got what he deserved. Nothing else to say. CAIRO, Egypt – A state security court sentenced an Egyptian nuclear engineer to life in prison Monday after convicting him of spying for Israel, a court official said. Two others, one Japanese and one Irish, who were tried in absentia on spying charges, also received life imprisonment, the court official said, speaking on condition of anonymity because he was not authorized to speak to the press.