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September 20, 2014 / 25 Elul, 5774
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Posts Tagged ‘Palestinian economy’

Let Abbas Bail Out the Palestinian Authority

Sunday, September 16th, 2012

As the Jewish Press reported last week, Israel has advanced the Palestinian Authority NIS 250 million (approximately $62.5 million) to deal with their budget crisis which has led to protests against Western darling Salam Fayyad (the so-called Prime Minister of the Palestinian Authority).

This despite the fact that the the Palestinian Authority owes the Israel Electric Company some NIS 700 million.

Palestinian Authority President Mahmoud Abbas, who is also reeling from the protests, is allegedly worth $100 million.  That figure according to a former Arafat aide, Muhammed Rachid. Other sources also implicate Abbas as well as his sons in various corruption schemes which have and are making them rich.

Here’s one example from a report from the Foundation for the Defense of Democracies given to Congress:

Yasser, the elder son, owns Falcon Tobacco, which reportedly enjoys a monopoly on several tobacco products in the Palestinian territories. According to the Toronto Star, Yasser also chairs Falcon Holding Group, a Palestinian corporate conglomerate that owns Falcon Electrical Mechanical Contracting Company (also called Falcon Electro Mechanical Contracting Company, or FEMC), an engineering interest that was established in 2000 and boasts offices in Gaza, Jordan, Qatar, the United Arab Emirates, and the West Bank. This business success has come with a helping hand from Washington. According to a Reuters report, in 2005, Yasser Abbas’ company received $1.89 million from USAID to build a sewage system in the West Bank town of Hebron.

So why not let Abbas save his own skin, instead of having Israel repeatedly bail the Palestinian Authority out?

Where’s the Shame? U.S. Tax Dollars Funding Palestinian Fiscal Incompetence & Terror

Tuesday, September 4th, 2012

The economy presided over by the Palestinian Authority and its head Mahmoud Abbas is a peculiar thing.

A year ago, the New York Times reported that the PA had managed to run up a deficit of more than half a billion US dollars in 2011 alone, and was borrowing heavily from unspecified banks. The financial crisis, according to PA prime minister and famed economist Salam Fayyad, was due to the failure of the PA’s sovereign friends to make good on their pledges. “Of the $971 million pledged by donors for this year, $330 million of it has been paid so far,” said the July 2011 report, quickly adding that “Fayyad said the current financial crisis had no bearing on the Palestinians’ readiness for independence.”

Ready for independence or not, the PA has now managed to run up an electricity tab of more than NIS 700 million. That’s how much they owed the Israel Electric Company as of September 1, 2012. Israel’s minister for energy Uzi Landau said yesterday that he will be instructing the IEC “to take all necessary steps to collect these debts, with all the implications that may arise.” Does he mean to turn off the power to the Abbas regime? Maybe.

The Times of Israel noted that:

“The accumulated electricity debt is another sign of the Palestinian Authority’s mounting cash crunch, which it largely blames on a sharp reduction in foreign aid since 2011.”

In tough economic times, you make tough economic decisions. Unless you’re the Palestinian Authority. Contemplate yesterday‘s report from Israel’s Channel 2, that the Palestinian Authority is spending $4.5 million a month paying salaries to  Palestinians in Israeli jails and to their families.

According to the report, the amount the Palestinians receives depends on  how long he is sentenced to (or in other words, how severe the crimes of the terrorist were).  Pursuant to a 2003 Palestinian Authority law, getting sentenced up to five years in prison earns NIS 1,000 ($250) per month. A life sentence earns NIS 4,000 ($1,000).  That amount increased further in 2011, under Fayyad’s stewardship, by an average of 300%.

And these terror-salaries and family benefits are not restricted to the members of the so-called “moderate” Palestinian factions like Fatah. They include Hamas and Islamic Jihad.

The report goes on to say that murderers get paid even more, the longer their incarceration. To illustrate, the Channel 2 report brings the case of the multiple murderer Abdullah Barghouti, sentenced in 2004 to 67 life sentences – one for each of the lives he snuffed out. He’s also the man who built the bomb that murdered Malki Roth (the daughter of the authors of this article). As a convicted murderer on behalf of the Palestinian Arabs, he qualifies for a monthly stipend of NIS 4,000 ($1,000). This will rise automatically next year to NIS 6,000.

(Here’s the original Channel 2 news report in Hebrew; and the Times of Israel‘s English version).

According to the U.S. Institute of Peace as well as the Congressional Research Service, Palestinians in Judea and Samaria (“West Bank”) and the Gaza Strip, are “the largest per capita recipients of international development assistance in the world.”

Who makes available the funding that allows the PA to conduct its unconscionable, terror-encouraging financial policies? Well, quite a number of people, if you’re asking. And some that may be quite close to where you live.

In an article for Algeminier, Arsen Ostrovsky, a fellow at the American Center for Democracy, wrote that:

In the last five years, the U.S. government has poured at least $4 billion in aid to the Palestinians, with very little to show in return – except more terror and corruption.Since 2008, annual U.S. bilateral assistance to the PA has averaged over $600 million, including $513 million for the current budgetary year.Time has now long come to ask whether the U.S. should continue funding at all.

Ostrovsky notes that when this past April, Congresswomen Ileana Ros-Lehtinen (R-Fl), as chair of the House Foreign Affairs Committee put a hold on $59 million destined to the Palestinian Authority, Secretary of State Hillary Clinton released them anyway on the grounds that the funds ” provided critical support to the Palestinian people and those leaders seeking to combat extremism within their society and build a more stable future.”

Methodists Won’t Support Divestment from Israel

Thursday, May 3rd, 2012

The general conference of the United Methodist Church voted not to divest from three companies that trade with Israel.

Two-thirds of the approximately 1,000 delegates to the conference voted Wednesday in Tampa, Fla., against a motion to divest from Caterpillar, Motorola Solutions and Hewlett-Packard.

Divestment advocates claim that products manufactured by these companies are used to repress Palestinians.

The conference passed motions opposing Jewish settlements in Judea and Samaria, recommending the boycott of products manufactured in settlements, and supporting investment in the Palestinian economy.

Language that would have affirmed the Kairos Document prepared by Palestinian Christians endorsing divestment and boycotts and upholding armed resistance was removed from resolutions before they reached the floor.

A number of groups, including one called United Methodist Kairos Response, had lobbied for the divestment language.

Alex Joyner,  the spokesman United Methodists for Constructive Peacemaking in Israel and Palestine, said in a statement that his group “had been actively opposing divestment and encouraging the more productive approach of negotiations and positive investments.”

Printed from: http://www.jewishpress.com/news/breaking-news/methodists-wont-support-divestment-from-israel/2012/05/03/

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