Steven Scheer
By Steven Scheer
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Fast Forward Israel Refuses To Recognize Bitcoin As Currency
JERUSALEM (Reuters) – Israel’s central bank said on Monday it would not recognize virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country’s banks and their clients. Deputy Governor Nadine Baudot-Trajtenberg said there had been public complaints Israeli banks…
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Fast Forward No Sabra No Problem When It Comes To Israel’s Baseball Team
To players on Team Israel, it doesn’t matter that they don’t live in Israel and play ball in the United States, don’t speak Hebrew and haven’t visited the country until recently. For the World Baseball Classic, they are representing Jewish fans worldwide. “It’s more than just Israel,” Ty Kelly, who is on the New York…
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Israel News Israel’s El Al Is Overhauling its Planes
Israel’s national airline, El Al, is betting on a billion-dollar overhaul of its aging fleet to claw back market share dented by relentless competition from low-cost carriers and a damaging dispute with pilots. El Al was once the go-to airline for most Israelis thanks to the kind of stringent security that sees it equip planes…
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Fast Forward Can Tel Aviv Stock Exchange Make Changes To Survive?
The Tel Aviv Stock Exchange (TASE) must make significant changes to its structure, regulations and image or it will run itself out of business, a senior Nasdaq OMX official said on Wednesday. The U.S. bourse cooperates closely with TASE on various issues and earlier this year the two exchanges agreed to create a private market…
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Fast Forward Facebook Complies With 95% of Israel’s Demands on ‘Incitement’
Facebook, Google and YouTube are complying with up to 95 percent of Israeli requests to delete content that the government says incites Palestinian violence, Israel’s Justice Minister said on Monday. Perhaps spurred by the minister’s threat to legislate to make companies open to prosecution if they host images or messages that encourage terrorism, their rate…
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Israel News Israel Passes Law to Cap Bankers’ Salaries
JERUSALEM – The Israeli Knesset passed one of the world’s toughest curbs on bank executives’ salaries to try to narrow a big gap between bosses’ and workers’ pay. The law was pushed through by Finance Minister Moshe Kahlon, who, ahead of last year’s election, ran on a platform of lowering the cost of living and…
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Fast Forward Bread and Butter Issues Key for Israel Voters — Not Iran Bogeyman
Whoever wins Israel’s election next week must answer demands for relief from soaring housing prices and a high cost of living, but the days of big state spending on social programs are unlikely to return. Opinion polls show that more than half of Israelis believe social issues and living expenses, which are much higher than…
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The Schmooze Dodging Gaza Rockets? There’s Red Alert App
Getty Images (Reuters) — Israelis have found a new way to learn of imminent rocket attacks from the Gaza Strip in the form of a mobile phone app. Hamas militants have fired more than 1,000 rockets from Gaza at Israeli cities in the past week. Typically, air raid sirens blare and residents have between 15 and…
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