Archive for the 'Economy' Category

Report: Israel and Iran holding secret talks

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on December 6, 2006
in Economy, News and Events, Politics and Zionism
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Ironic as it may sound, here we have Israel and its “enemy” Iran in secret talks together. Why? Because Israel owes Iran billions of dollars in oil money! Now I will leave you to form your own conclusions.

Report: Israel and Iran holding secret talks
By ASSOCIATED PRESS
Dec. 6, 2006 1:45

While Iran continues to deny that Israel has the right to exist, Iranian and Israeli representatives are holding clandestine talks in Europe to settle an old Israeli debt, Ha’aretz reported Wednesday.

Iran is still owed hundreds of millions of dollars for oil it supplied to Israel in the years before the Islamic Revolution in 1979, and representatives of the two countries, now sworn enemies, are holding contacts meant to settle the debt, according to the report in Haaretz.

The report was attributed to anonymous Israeli and Swiss officials involved in the negotiations.

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Israel’s largest trade union declares strike

Published
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on November 30, 2006
in Economy and News and Events
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Israel’s workforce goes on strike. Very good. How long will it be before Israel comes tumbling down?

Israel’s largest trade union declares strike
Published: 29/11/2006 12:00 AM (UAE)
Agencies

Jerusalem: Israel’s largest trade union began a large-scale strike on Wednesday, shutting down the country’s only international airport and all seaports.

The strike began on Wednesday after the Histadrut labour union failed to reach an agreement with the government on supplying finds to regional councils who have been unable to pay workers for months.

At Tel Aviv’s Ben Gurion Airport the lights were off and all flights cancelled. Throughout the country transport came to a halt, government ministries kept their doors shut, garbage began piling up and the postal, phone and electric services stopped.

It is unclear how long the strike will last.

Israel stocks lower as key banks weaken

Published
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on November 29, 2006
in Economy and News and Events
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Stocks are falling like a ton of bricks, banks are getting weaker. More evidence of economically-bankrupt Israel. What was that again about Israel being a “land of milk and honey”?

Israel stocks lower as key banks weaken
By Robert Daniel, MarketWatch
Last Update: 1:32 PM ET Nov 28, 2006

TEL AVIV (MarketWatch) — Israeli shares fell on Tuesday, led lower by weakness in two key banks.Strength in Teva Pharmaceutical Industries (TEVA : 32.40, -0.36, -1.1%) and two major chemicals producers cushioned the market’s pullback, however.

The Tel Aviv Stock Exchange’s benchmark TA-25 index closed off 0.29% to 922.02, while the TA-100 index fell 0.38% to 928.13.

The Tel-Tech 15 got hammered, with all but one of its 15 members losing ground. The index of top technology issues shed 1.8% to 377.06.

The most-active issues were Bank Leumi and Bank Hapoalim, with Leumi falling 1.5% to 16.87 shekels ($3.92) and Hapoalim losing 1.4% to 20.81 shekels.

Together, the banks accounted for more than an eighth of total TASE volume of $290 million. That total in turn is shy of the average daily TASE trading through October of $332 million.
Leader & Co. reiterated its recommendations on the banking sector as a whole: It rates Leumi as a buy and Hapoalim, Discount and Mizrachi as outperform.

“The banks currently trade at [a price-to-earnings multiple of] 10-11 with strong growth potential,” analyst Alon Glazer wrote in a note. “The banks will continue to present [return on equity] of about 15% in the coming years and [a] decent 4%-6% dividend yield with a lower risk than other sectors.”

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Recent Lebanon war costs Israel 1.5 billion

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on November 29, 2006
in Economy and News and Events
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The illegal Zionist entity has approved the payment of 1.5 billion shekels ($350 million) to help cover expenses incurred by Israel’s war with Lebanese Hezbollah guerrillas this past summer. The extra spending will boost the budget deficit to 2.9 percent of gross domestic product from a planned 2.0 percent in 2007. Will not be long before they will go economically bankrupt.

Israel is a failure as a nation-state.

Israel approves 1.5 bln shekels in post-war costs
28 Nov 2006 18:09:40 GMT
Source: Reuters

JERUSALEM, Nov 28 (Reuters) - Israel’s parliamentary Finance Committee on Tuesday approved a payment of 1.5 billion shekels ($350 million) to help cover expenses incurred by Israel’s war with Lebanese Hezbollah guerrillas this past summer.

As part of the month-long war that ended on August 14, Hezbollah fired some 4,000 rockets at northern Israel while Israel air strikes pounded Hezbollah targets in Lebanon. Israel also deployed ground troops in Lebanon.

The Defence Ministry has sought billions of shekels in order to restock on ammunition and equipment and to help prevent future attacks.

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Report: Israel in decade of social decline

Published
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on November 15, 2006
in Economy and News and Events
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Zionist nation running into bankruptcy? Inability to run social programs due to huge cuts in the budget. Won’t be long before everything crumbles.

Report: Israel in decade of social decline
Center for equality and social justice publishes report analyzing cuts in budget for social programs; solution: Stop tax cuts for wealthy, raise corporate taxes

Miri Chason
11.14.06, 19:26

A new report published on Tuesday indicates that over the past 10 years, Israel has been experiencing a constant decline in budget allocations for social programs. “If we combine the all cuts in the budget in the past decade, it will be clear that we are in a decade of social decline,” the report says.

The report was compiled and written by the “Adva Center,” specializing in equality and social justice in Israel; it analyzes all cuts in the national budget that involve social issue and it is the tenth year it has been published.

According to the report, and based on the 2007 budget proposals and the 2008 projections, the expenditure on social programs per capita stand currently at NIS 11,679 (USD 2,727 ) whereas in 200, it stood at NIS 13,301 (UDS 3,106 ), a drop of 12 percent.

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