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 »
Tagged Israeli economy
In Israel, economic concerns mount, but unclear which party will benefit
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 »
Silicon Wadi: Israeli high-tech explored at California conference
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 »
Just how expensive is it to live in Israel?
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 »