Posts Tagged ‘Bank’

Palestinian economy not ready for statehood: World Bank

July 25th, 2012 Comments off

Palestinians wave their national flag as they demonstrate on the Mount of Olives in protest against the Jewish settlersThe Palestinian economy is not yet strong enough to support a sovereign state and officials need to lower costs and increase efficiency, the World Bank said in a report on Wednesday.

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12 held after West Bank settlement demo

July 13th, 2012 Comments off

Israeli border policemen arrest Israeli activist Jonathan PollackAn Israeli anti-settlements activist and an American journalist were among 12 people detained by soldiers on Friday during a demonstration in the West Bank, an activist group's spokeswoman said.

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Obama campaign ad tags Mitt Romney with Swiss bank label [Video] – Los Angeles Times

May 1st, 2012 Comments off

CBS News

Obama campaign ad tags Mitt Romney with Swiss bank label [Video]
Los Angeles Times
By Michael A. Memoli The Obama campaign today launches a tough new hit on Mitt Romney's record on jobs and his personal wealth, raising for the first time in paid advertising the fact that the Republican had assets in a Swiss bank account.
Mitt Romney striving to win over the
Obama ad accuses Romney of outsourcing US jobs when he was businessman, governorWashington Post
Obama, Romney Offer Classic Choices On Big IssuesNPR
CNN (blog)
all 1,732 news articles »

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Top Ten Reasons Israel tried to Censor Bob Simon’s Report on Palestinian Christians

April 25th, 2012 Comments off

Israeli Ambassador Michael Oren not only called the head of CBS news in an attempt to quash a report on the displacement of Palestinian Christians by the Israeli Occupation of the West Bank and East Jerusalem, but he briefed Prime Minister Binyamin Netanyahu of the far right wing Likud Party on his attempt.

Here are the top ten reasons Israel’s Likud Party would have wanted to censor American television news on this occasion (and of course we don’t know all the occasions they have successfully done so):

1. The report told Americans that there are Palestinian Christians. Right wing Israelis have attempted to displace, expropriate and erase the Palestinian nation, and to convince Americans that Palestinians don’t exist or if they do are enemies of the U.S. When the foe of the US was the Soviet Union, they made the Palestinians Communists. When the foe became al-Qaeda, they made the Palestinians violent fundamentalists. But if some percentage of Palestinians is Christians, then that fact disrupts the propaganda. In fact, millions of Palestinians are descended from the 700,000 or so Palestinians ethnically cleansed by the Israelis from what is now Israel in 1948, of whom about 10 percent were Christian.

2. The report mentioned that some Palestinians are Lutherans, Catholics and Episcopalians, establishing a link of commonality between them and Americans. The Israeli Likud Party wants Americans identifying only with Israelis, not with Palestinians.

3. The report told Americans that Israel is occupying and colonizing Palestinian land. Most Americans think it is the other way around because of the success of Likud disinformation.

4. The report let it slip that Palestinians in the West Bank need a permit to travel to Arab East Jerusalem and are subjected within the West Bank to humiliating check points that turn a 7 mile journey into an all-day ordeal. This system sounds an awful lot like the old South African Apartheid.

5. The report allowed Palestinians to speak for themselves and to refute Oren’s anti-Palestinian talking points. It is a key principle of right wing Israeli propaganda that Palestinians should never be allowed to challenge the Israeli narrative on American television.

6. The report allowed a prominent Palestinian businessman and Coca Cola distributor to say that he knew of no Palestinian Christians who were leaving the West Bank and Jerusalem because of Muslims but that rather they were leaving because of Israeli oppression.

7. It allowed the Palestinians to point out that the West Bank now looks like Swiss cheese, with Israeli colonies grabbing the good land and water, and the stateless Palestinians pushed into the holes.

8. The report described the Palestinian Kairos Document, calling for nonviolent, peaceful struggle by Palestinians against Israeli Occupation and land grabs. Likud propaganda insists in racist fashion that all Palestinians are inherently angry and violent and that their protest against being made stateless and homeless by Israel is irrational.

9. The report quotes an Israeli scholar who puts “Political Judaism” on par with “Political Islam.” It is a key principle of Likud propaganda that no movement in Israel may ever be compared to movements in the Muslim world.

10. The report allows Palestinians to point out that the way the Israelis built the Separation Wall isolated Bethlehem, Jesus’s birthplace and a city that still is 18% Christian, had made it “an open-air prison.”

Bob Simon’s report on Christians in the Israeli-occupied Palestinian West Bank and Jerusalem is here:

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Periodic reminder to freak out

April 18th, 2012 Comments off

… about Egypt’s economy — generally, with all the excitement about politics, it just isn’t done enough. Just spent some time working on this today — not only has Egypt spend about $20bn of its reserves defending its currency since January 2011, it also spend several billion in a secret stash and maybe up to $10bn in an account at the National Bank of Egypt. Total: $35bn or so. Ay khidma?

The signal everyone is waiting for to start helping Egypt: a deal with the IMF, which would open up the taps elsewhere. But also force some reserve targeting at the Central Bank, which means there’d be less defense of the EGP. So a gradual devaluation is the best case scenario. Check out what the FT’s Beyond BRICs blog thinks is the worst:

With money in the kitty for less than three months’ imports, the finance ministry boldly intervened on Monday by announcing (not for the first time) a deadline for securing agreement on the $3.2bn IMF loan which could be followed by $7bn from other donors.

But Said Hirsh, an economist with Capital Economics, told beyondbrics: “This isn’t necessarily the last word. Just look at the previous statements.”

Citigroup estimates that Cairo could get by until the end of September.

Although it is likely to be tight and the room to manoeuvre extremely limited, we think the government will just about be able to muddle through until September, and then reach an agreement with the IMF. However, the downside risks will remain considerable. Moreover, the problem is that, by attempting this course, if events do blow the economy off track in the coming months then there are few options for the government and it really could potentially face the prospect of an uncontrolled devaluation.

So if there’s no IMF deal, there’ll be a foreign exchange crisis. But if there is to be a deal, there has to be compromise between the ruling military council and the opposition forces. The currency markets are signalling that time’s running out.

What’s blocking an IMF deal is the MB’s refusal to approve a deal while Ganzouri is PM, and the IMF’s reluctance to make a deal with a government that will only last another two months or so and is likely to be replaced by a MB-led one. The MB may be right to demand that the government give an indication of how it wants to spend the money, and of next year’s budget (which will have to be approved by parliament by June) more generally. But one suspects the MB is also using this issue as part of its wider recent confrontation with SCAF.

The government now says it expects a deal by May 15 but frankly, who knows?

Who knows what could happen between now and then!?

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Settlers ignore deadline to leave West Bank house

April 3rd, 2012 Comments off

An Israeli border policeman aims his weapon as Palestinians school girls walk near a building occupied by Israeli settlers in the West Bank city of Hebron,Tuesday, April 3, 2012. The Israeli military on Monday ordered dozens of Jewish settlers to evacuate a building they occupied last week in the heart of Hebron, the West Bank's most volatile Palestinian city. (AP Photo/Ariel Schalit)Dozens of Jewish settlers on Tuesday ignored a deadline to evacuate an illegally occupied West Bank house, as the government remained silent on whether they would be allowed to stay.

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Israel proposes West Bank barrier as border (AP)

January 28th, 2012 Comments off

FILE - In this Thursday, March 25, 2010 file photo, the Jewish neighborhood of Pisgat Zeev in east Jerusalem is seen behind a section of Israel's separation barrier. Two Palestinian officials say Israel is proposing to essentially turn its West Bank barrier into the border with a future state of Palestine.The officials said Friday that this is based on their interpretation of principles Israel presented in talks this week. (AP Photo/Bernat Armangue, File)AP – Israel is proposing to essentially turn its West Bank separation barrier into the border with a future state of Palestine, two Palestinian officials said Friday, based on their interpretation of principles Israel presented in talks this week.

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Deadline looming over Israel settlement evacuation (AP)

January 27th, 2012 Comments off

In this photo taken Monday, Jan. 23, 2012 Jewish children play in the unauthorized West Bank Jewish settlement of Migron. About 300 people live in Migron, the largest of more than 100 enclaves settlers set up without official authorization. Israel's Supreme Court ruled that Migron was built on private Palestinian land and must be dismantled by the end of March 2012. (AP Photo/Sebastian Scheiner)AP – Religious nationalists living in a rogue settlement on a wind-swept West Bank hilltop are defying the Israeli government’s plans to evict them, setting up a showdown that has threatened to rip the ruling coalition apart.

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Israel charges five settlers with army base rampage (Reuters)

January 8th, 2012 Comments off

Reuters – Israel charged five Jewish settlers on Sunday with orchestrating a riot in an army base in the West Bank in a bid to foil plans to dismantle illegal settlements in the occupied Palestinian territory.
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Germany: Israel must refrain from new settlements (AP)

December 19th, 2011 Comments off

AP – A spokesman for Chancellor Angela Merkel says Germany is urging Israel to refrain from constructing new settlements in the West Bank and east Jerusalem.
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