Congress approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity on Wednesday.
Legalizing marijuana would generate more than $450 million annually for the Israeli economy, a new study shows.
Changes in the economy and workforce have taken their toll on baby boomers, a generation that carries a longer life expectancy than its predecessors as well as the financial burdens that come with it.
Israel is betting its economic future on high-tech exports but faces a low-tech bottleneck in state-owned seaports subject to work stoppages and slowdowns because of the enormous strength of their unions.
In a crummy economy, people are always looking for good investments — a promising stock, a real estate opportunity, a star mutual fund. It’s really not that different in the “mitzvah economy”— donors and do-gooders are also looking to squeeze the maximum amount of goodness out of every charity investment.
A remarkable thing happened in Washington, D.C., last week. National leaders of business and labor hammered out an outline on immigration reform. This might not only give a major boost to a new immigration policy; it might also show a path around the gridlock that has driven the nation into budgetary face-offs month after month.
The Great Recession is technically over, but for many job seekers — particularly in the Los Angeles area — it certainly doesn’t seem that way.
President Obama pledged to keep Iran from obtaining a nuclear bomb and to "stand steadfast" with Israel in his State of the Union speech.
The undisguised extremism promoted by Golden Dawn is a chilling watershed in Greece's post-war democracy. Fascist gangs are turning Athens into a city of shifting front lines, seizing on crimes and local protests to promote their own movement, by claiming to be the defenders of recession-ravaged Greece.
Stanley Fischer is stepping down from his position as governor of the Bank of Israel.
Ofek Lavian has two passions: business and Israel, his native land. What he felt that he was missing when he went to college at the University of Southern California was an opportunity to learn about his home country while interacting with people who shared his same interests in it.
Israeli markets rose on Wednesday on investor hopes that the outcome of the previous day's election means Benjamin Netanyahu will remain prime minister and ultra-Orthodox parties have no role in government.
Jacob Lew helped Orthodox observance reach the highest precincts of governance. But can a man that Republicans say “can’t get to yes” be confirmed as secretary of the Treasury?
While not totally satisfied with the results, many Jewish groups have come out in support of Congress’ last minute efforts to reach a fiscal cliff deal.
Egyptian President Mohamed Morsi signed into law a new constitution shaped by his Islamist allies, a bitterly contested document which he insists will help end political turmoil and allow him to focus on fixing the economy.
Who should worry about the looming package of automatic tax hikes and spending cuts that will hit this nation if Congress cannot come to a deal to avoid what has come to be known as the “fiscal cliff?”
They’ve weathered five years of economic crisis, relentless state budget cuts and growing demand for their services. Now, social service providers for seniors in the Los Angeles area are bracing for a new slew of challenges in 2013.
At Hadassah's centennial celebration in October, 2,000 guests heard about two major philanthropic projects being undertaken by the women's Zionist group: a new tower and a new cardiovascular wellness center at its Jerusalem hospitals.
The main Capitol Hill sport these days (after obsessive coverage of the Petraeus scandal) is how the government can avoid the impending “fiscal cliff.”
At Israeli weddings, gifts of china, silver and art are not welcome. Guests are expected to bring their checkbooks and contribute to a young couple’s purchase of their first home, often bought with substantial help from the newlyweds’ parents.
Last Friday, Moshe Ahituv (not his real name) received another call-up from the Israeli army. A captain in the home front command, he had already completed 43 days of army reserve service this year.
Abdulmalik, a 13-year-old boy from Yemen’s capital city Sana’a, started chewing khat leaves at the age of seven. “My father would pass me small handfuls at weddings,” he told The Media Line. “But I didn’t start chewing every day until I turned 12 and started to work. Khat gives me energy for work.”
The national headquarters of the Jewish Federations of North America could not have been in a worse location when Sandy struck.
The American pro-Israel community has a lot of work to do. While many pro-Israel organizations in the United States, including AIPAC, Christians United for Israel, Stand with US and Hasbara have been extremely effective in defending the Jewish State, there is always more we can do. Here is a list of the five greatest challenges facing the American pro-Israel community in the next four years.
There are those who say California doesn’t have seasons. But sadly, when it comes to California’s chronic budget deficit, each fiscal year brings yet another dreary forecast calling for drastic cuts to services for our state’s most vulnerable residents.
To those Jews planning to vote for Obama: Are you prepared to explain to your children not the principles upon which your vote is cast, but its probable effects upon them?
When Governor Mitt Romney talked about ending funding for PBS – and Big Bird – during his first debate with President Obama, he was describing only one of the deep cuts in Romney-Ryan budget.
Mitt Romney likes to recount a conversation he had with Shimon Peres, the president of Israel, back when he was governor of Massachusetts. Peres told him that “America is unique in the history of the world for its willingness to sacrifice so many lives of its precious sons and daughters for liberty, not solely for itself but also for its friends.”
Israeli Prime Minister Benjamin Netanyahu praised the European Union for adopting new sanctions against Iran.
Since the beginning of the Arab Spring almost two years ago, the West Bank and Gaza Strip have been remarkably quiet. There have been no large demonstrations against what Palestinians call the ongoing Israeli occupation; or against President Mahmoud Abbas and Prime Minister Salam Fayyad.
President Obama and Mitt Romney focused on revenue and spending, with an emphasis on health care, in their first presidential debate.
Israeli Prime Minister Benjamin Netanyahu made a persuasive case at the United Nations General Assembly Thursday for a clear red line to ward off Iran’s nuclear weapons program. Time is running out and the United States should listen to the Israeli leader and draw a clear line for Tehran.
For years, the tunnel economy in the Gaza Strip has flourished. An estimated 1,000 tunnels were burrowed underground, connecting the southern Gaza town of Rafah and the Egyptian–controlled Sinai Peninsula. Everything from new cars (cut up into pieces for shipping) to cigarettes to weapons to drugs came through the tunnels.
Could the Palestinian Authority’s budget woes end up costing Israel?
Israeli Prime Minister Benjamin Netanyahu ordered the transfer of some $63 million to the Palestinian Authority to help ease its economic crisis.
Palestinian Prime Minister Salam Fayyad, the key target of nine days of socio-economic protests throughout the West Bank, responded on Tuesday to some of the demands that have been prominent during the course of demonstrations that have become increasingly violent in recent days.
It was the nuts-and-bolts convention that nearly broke down over the most ethereal of issues: Jerusalem and God.
Israel's economy would incur damages of as much as 167 billion shekels ($42 billion) should Israel attack Iran over its nuclear program, business information group BDI-Coface has projected.
Mitt Romney may have caused a storm of criticism by asserting that “culture makes all the difference” between the success of the Israeli economy and the Palestinians’ economic struggles.
Republican Mitt Romney's campaign tried to keep the domestic political focus on the U.S. economy and jobs on Monday, although the effort was overshadowed by more controversy from a foreign trip after he made remarks that upset Palestinians.
The Palestinian economy is not yet strong enough to support a sovereign state because of its heavy reliance on foreign aid, according to a World Bank report.
It’s May. The grunions are running and so are the members of Occupy L.A. They wriggle up from the cold and dark, plant their tushies on the warm ground and squirm about frantically, desperate to get something accomplished, until a massive tide sweeps them away.
The trouble with kids these days is that they think luck counts more than they should. That’s the diagnosis of America’s young people offered by a New York Times opinion piece this past weekend. Generation Y has moved back home and given up on gung-ho because in these recessionary times, they’re putting too little weight on the importance of effort and too much weight on the riskiness of risk.
Taglit-Birthright Israel has contributed more than $535 million to Israel's economy since the trip's inception in 2000, the organization said.
Jewish organizations expressed concern at cost-cutting proposals in President Obama's $3.8 trillion budget for 2013. B’nai B’rith International and the Jewish Council for Public Affairs both released statements outlining their issues with provisions in the budget.
Newt Gingrich describes the Palestinians as an invented people and seeks covert action against Iran, while Mitt Romney accuses President Barack Obama of throwing Israel under a bus. But the Republican presidential candidates' tough talk on the Middle East in Florida before Tuesday's primary is doing little to sway the state's large Jewish population from its longstanding support for the Democrats.
Two years ago, I did a series of interviews with Jewish community members hit hard by the recession. At that time, they were mostly optimistic that things would turn around soon, but when I checked back this month, I found that they’re all still struggling to find their footing in this unstable job market. Social service agencies I contacted say this is not surprising.
With new measures tightening sanctions on Iran, the United States moved one step further toward effectively cutting off the Islamic Republic's economy from the West.
From the very beginning of the Occupy Wall Street movement, people wanted to know why. Why did a group of protesters calling themselves “the 99 percent” take up residence in Zuccotti Park in Lower Manhattan on Sept. 17?
No one knows what difference Occupy Wall Street will turn out to make.
As many Jewish voters approve of President Obama's performance as disapprove in an American Jewish Committee poll that shows much disappointment stems from his handling of the economy.
Was it Israel, same-sex marriage or the Obama administration’s handling of the economy?