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Business and Economy
Members of the Cabinet are watching in the White House Roosevelt Room, as President Barack Obama makes a televised statement on the government shutdown, Sept. 30.
 

Posted on: October 1st, 2013

News & ViewsBusiness and Economy

American Jews will suffer with the rest of the country, especially if they were just retired, or were planning a camping trip.

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Posted on: September 30th, 2013

News & ViewsBusiness and Economy

The unemployment rate in Israel fell to a 20-year low in August, and unlike in the United States, participation in the job market is increasing, according to the latest data from the Central Bureau of Statistics The jobless rate in August was 6.1 percent, compared with a 7.3 percent in the United States. The rate […]

 

Posted on: September 29th, 2013

News & ViewsBusiness and Economy

Israeli motorists will enjoy a relatively large drop in the price of gasoline in October following a sharp drop in the price of crude oil and a stronger shekel the past month. The end-of-the month adjustment Monday night is expected to knock approximately 45 agorot (13 cents) off every liter of regular unleaded fuel. The […]

 

Posted on: September 17th, 2013

News & ViewsBusiness and Economy

A new Israeli government committee has 90 days to present to Prime Minister Binyamin Netanyahu ideas on how to implement a more cashless society, with free electronic charge cards to replace cash transactions in a war against the “underground” economy.” The cash cards, unlike credit cards, will be available to poor people  on welfare or […]

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Larry Summers has removed himself from consideration to become the next chairman of the Federal Reserve
 

Posted on: September 16th, 2013

News & ViewsBusiness and Economy

Was it all the negative articles in which the other front-runner for Federal Reserve Chair, Janet L. Yellen, was compared to Lawrence Summers and Summers was found wanting?  Was it that, plus the snarky articles pointing out that despite what some saw as Yellen’s superior credentials, that Obama was intent on naming Summers to replace […]

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Posted on: September 12th, 2013

News & ViewsBusiness and Economy

Swiss police staged a mysterious raid on the Geneva home Israeli diamond billionaire Benny Steinmetz, according to an anonymous source close to the incident and who was quoted by Bloomberg News. Geneva’s public prosecutor reportedly ordered the raid on the basis of a request by the Guinea government, but no one is making any comments […]

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Posted on: September 12th, 2013

News & ViewsBusiness and Economy

Following the fiascoes where Netanyahu's preferred choices for Bank of Israel governors couldn't be appointedt, the Turkel Committee vetted and approved three new candidates for the job.

 

Posted on: September 11th, 2013

News & ViewsBusiness and Economy

The shekel-dollar rate sank to a two-year low Wednesday, reaching to as low as under 3.56 shekels to the dollar, after President Barack Obama called off a Senate vote on giving him permission to attack Syria. One shekel now is worth slightly more than 28 cents, good news for Israelis wanting dollars but terrible for […]

Israel's home-grown food companies are slowly being taken over by international conglomerates. China may be the latest entry.
 

Posted on: September 10th, 2013

News & ViewsBusiness and Economy

Israel’s national snack food is Bamba, made by Osem, in which Nestle has a major stake. Strauss Foods is partly owned by Pepsi. Now China wants to buy Israel Tnuva. Will McDonald’s buy out falafel stands?

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Posted on: September 9th, 2013

News & ViewsBusiness and Economy

Israeli start-up Outbrain, which provides a digital content management and storage solution,  sis going to Wall Street to raise $100-200 million in a public stock offering. The company’s decision to go public rather than sell out to foreign companies puts it in company with Wix, Matomy Media and Fifty One Inc., now called Borderfree, all […]

'Tamar'  gas rig off Israel's Mediterranean coast.
 

Posted on: September 9th, 2013

News & ViewsBusiness and Economy

Israel may have struck it rich twice – once with indications of oil off the southern coast and twice with the prospect of Hamas and Abbas fighting it out over probable claims to the Israeli discovery.

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Posted on: September 8th, 2013

News & ViewsBusiness and Economy

Israel’s reputation as an incubator for Start-Ups has attracted non-Jewish Americans who have settled into successful careers, The Christian Science Monitor reported. The new immigrants have a downside because some of the non-Jewish entrepreneurs have married Israeli girls. Although their children are Jewish according to Jewish law, the chances of their growing up in a […]

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Posted on: September 3rd, 2013

News & ViewsBusiness and Economy

El Al has signed an agreement with GetTaxi to offer passengers discounts for GetTaxi’s cab hailing service in New York, Tel Aviv and other cities where it operates, the Globes business newspaper reported. The discount from JFK to Manhattan will take $25 off the usual fare of $60-85. The discount program also is available in […]

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Young Israeli boy dip apple in honey in tradition with the Rosh HaShanah New Year holiday
 

Posted on: September 3rd, 2013

News & ViewsBusiness and Economy

Apples area mainstay of Rosh HaShanah, when Jews dip them in honey and bless it as sign of a sweet year, which this year should be very sweet if 15,000 tons apples can do the trick.

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chareidi yair
 

Posted on: September 3rd, 2013

News & ViewsBusiness and Economy

“You can’t fool all of the people all of the time.” Lapid soared to political stardom on his “middle class” soap box, which turned out to be full of hogwash. His wealth now is estimated at $6 million.

 

Posted on: August 29th, 2013

News & ViewsBusiness and Economy

The Israel Diamond Exchange hosted a four-day event this week, exhibiting $2 billion worth of diamonds and executing sales in the hundreds of millions of dollars. More than 40 lots of diamonds and precious stones were sold for more than $1 million, and one auction sale fetched $168,000 for a pair of pear-shaped emeralds from […]

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Posted on: August 25th, 2013

News & ViewsBusiness and Economy

Turkish Prime Minister Recep Tayyip Erdogan’s anti-Israel rhetoric is interfering with Turkish-Israeli cooperation that could turn Turkey into a regional energy base to ship Israeli natural gas to Europe. “Their inability to complete a pipeline deal would hurt Turkish ambitions to become a regional transit center and mean continued dependence on Russia and Iran for […]

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euro stacks
 

Posted on: August 20th, 2013

News & ViewsBusiness and Economy

The rule of when it rains it pours seems to be working in Germany's favor.

Israeli scientists are developing technology for genetically engineered plants to grow in super arid areas of the world
 

Posted on: August 19th, 2013

News & ViewsBusiness and Economy

Let’s see what the Boycott Israel movement will say if Israel succeeds in developing new technology to reduce famine by enabling crops to grow in droughts. Maybe it will blame Israel for lower food prices.

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Posted on: August 19th, 2013

News & ViewsBusiness and Economy

One dollar bought slightly more than 3.57 shekels Monday morning as the shekel lost some of its recent strength, possibly because of the violence in Egypt, according to the Atrade foreign exchange service. The shekel also weakened against the Euro. The Israeli currency, which most analysts believe will strengthen over the long-term, was trading at […]

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