Tagged Israeli economy

TEL AVIV (JTA) — It has the highest poverty rate among affluent democracies, the fourth-worst income inequality and the seventh-lowest government spending on social services. Those are among the dismal conclusions of the State of the Nation report, an annual set of papers on Israel’s economy and society released… Read more »

Hundreds of Israelis protesting against the country's soaring cost of living in front of the Knesset in Jerusalem, Aug. 2, 2011. (Yossi Zamir/Flash 90/JTA)

JERUSALEM (JTA) – “It’s the economy stupid” was how American political strategist James Carville once summed up the defining issue in U.S. presidential elections. But in Israel, besieged by enemy nations and locked into an ongoing conflict with the Palestinians, security has traditionally trumped all other political agendas. Until… Read more »

SAN FRANCISCO (j weekly) — Ronni Zehavi got quite a Chanukah present in December. On Dec. 11, he sold Contendo, a Web services company he co-founded in Israel four years ago, to Akamai, a major global high-tech player. Sale price: $268 million. Score one for the startup nation. Contendo… Read more »

Hundreds of Israelis protesting against the country's soaring cost of living in front of the knesset in Jerusalem, Aug. 2, 2011. (Yossi Zamir/Flash 90)

JERUSALEM (JTA) — What began in Israel in June as a Facebook-driven rebellion against the rising cost of cottage cheese, then morphed in July into tent encampments protesting soaring real estate costs, has since turned into a full-scale Israeli social movement against the high cost of living in the… Read more »