Sunday April 30th 2017

‘Economy’ Archives

Opposition MKs Blast Child Benefit Cuts

Opposition MKs Blast Child Benefit Cuts

by Sagit Levi Member of Knesset Yitzhak Herzog (Labor) lashed out at neo-liberal Finance Minister Yair Lapid (Yesh Atid) on Tuesday as cuts in National Insurance Institute (NII) child allotments went into effect. "Lapid thinks that the poor person is lazy, a thief and someone who is always trying to cheat the system," Herzog wrote on his [...]

Lapid Defends Cutting Child Benefits

Lapid Defends Cutting Child Benefits

by Eitam Abadi Cuts in child benefits, which go into effect on Tuesday, will end a cycle of poverty, neo-liberal Finance Minister Yair Lapid (Yesh Atid) claimed in a letter to supporters. “This was one of our central campaign promises, and now it’s happening,” Lapid wrote late Saturday night. “We will help needy families and set [...]

EU Officially Bans Jewish Entities Past the Green Line

EU Officially Bans Jewish Entities Past the Green Line

by Naama Ben-Yaakov The European Union has issued orders forbidding its member states from cooperating, transferring funds, giving scholarships or research grants to bodies in any of the territories won by Israel during the 1967 Six-Day War, Haaretz reported on Tuesday. These territories include the Golan Heights won from Syria as well [...]

Anniversary Protest Targets Lapid

Anniversary Protest Targets Lapid

by Sagit Levi Almost exactly two years to the night that Daphni Leef pitched a tent at Tel Aviv's Habima Square, launching social protests that swept the country that summer, she joined a few thousand supporters to mark the anniversary with marches across central Tel Aviv. The marches bore many of the same familiar slogans – “the people [...]

Lapid Under Fire for Cutting Child Payments

Lapid Under Fire for Cutting Child Payments

by Eitam Abadi A plan to cut child payments led to a stormy debate Sunday morning in the Knesset’s finance committee. Neo-liberal Finance Minister Yair Lapid (Yesh Atid) has proposed a cut to the automatic monthly stipend given to families with children as part of a round of cuts aimed at getting Israel’s deficit under [...]

Calls to Boycott McDonald’s Nationwide

Calls to Boycott McDonald’s Nationwide

by Eitam Abadi Activists are calling to boycott McDonald's restaurants nationwide over the refusal by Omri Padan, owner / CEO of McDonald’s Israel and a founder of the European-backed Peace Now organization, to place a branch in the new mall being built in the city of Ariel located in Israel's disputed Samaria region. Slated to open in [...]

Jacob Frenkel to Return as Bank of Israel Governor

Jacob Frenkel to Return as Bank of Israel Governor

by Naama Ben-Yaakov JP Morgan Chase International chairman Jacob Frenkel was nominated on Sunday to be the next Bank of Israel governor, returning to a post he held from 1991 to 2000. His nomination has been met with harsh opposition, including from Shmuel Slavin, who served as director-general of the Treasury when Frenkel previously [...]

Growing Demands for Knesset Debate on Gas Exports

Growing Demands for Knesset Debate on Gas Exports

by Sagit Levi On the eve of Sunday's cabinet session during which a decision on gas exports is scheduled to take place, a number of lawmakers drafted letters to Prime Minister Binyamin Netanyahu (Likud) and the other ministers of his neo-liberal government demanding that they transfer the decision to the Knesset. Member of Knesset Eitan [...]

Arens: Israel Can Survive without US Aid

Arens: Israel Can Survive without US Aid

by Eitam Abadi Moshe Arens, a former minister of defense and foreign affairs, said Tuesday that the more than $3 billion in annual foreign aid Israel receives from the United States each year is not essential to the country's survival. The statement was made at an event launching a Knesset caucus on US-Israel relations. The caucus, [...]

Lapid Defends Austerity Messures

Lapid Defends Austerity Messures

by Sagit Levi The Knesset’s first reading of this year’s budget began on Monday with neo-liberal Finance Minister Yair Lapid (Yesh Atid) presenting an impassioned defense of his brutal austerity plan while fending off catcalls from the opposition. Amidst frequent shouting and interruption from Labor and ultra-Orthodox parliamentarians, [...]

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