Stanley Fischer, the former governor of the Bank of Israel, is a step closer to becoming vice chairman of the Federal Reserve. The Senate Banking Committee on Tuesday voted unanimously to approve President Obama’s nomination of Fischer. His confirmation by the full Senate is expected late next month, according to reports. Fischer stepped down in…
A Danish bank has added Israel’s Bank Hapoalim to its list of companies it won’t invest in, over its dealings in the West Bank. Israel’s Bank Hapoalim was added to the Danske Bank’s list of excluded companies on January 14, according to the bank’s website, which cited the Israeli bank’s involvement in “construction activities in…
(JTA) Andromeda Hill is a beachfront complex of luxury apartments connected by tree-lined pathways that features such amenities as a spa and business center. Five minutes down the road is Ajami, a low-income neighborhood profiled in the 2009 film of the same name that remains one of this city’s poorer districts. Such gaps in income…
Joshua Faudem was having drinks with friends at Mike’s Place, a favorite of the English-speaking community on Tel Aviv’s beach, when two suicide bombers entered and added the popular hangout to the list of Israeli venues that had fallen victim to second intifada terror attacks. A decade later, Faudem, a dual citizen of Israel and…
The next governor of the Bank of Israel will be an old governor of the Israeli central bank – none other than Jacob A. Frenkel, Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid announced on Sunday. Frenkel last led the Israeli central bank from 1991 to the year 2000. He has spent the last…
A gunman shot dead four people execution-style in a bank in Israel on Monday after being refused an overdraft and cash from its automatic teller machine. The assailant, identified by media reports as a former paramilitary border policeman, killed himself after police raided the Bank Hapoalim branch in the southern city of Beersheba to free…
Democrats have never recovered from the trauma of 1994, when they lost the House of Representatives to Newt Gingrich’s Republicans and found themselves in the minority for the first time in 40 years. One Democrat emerged relatively unruffled, however: Barney Frank of Massachusetts. “I’m used to being in the minority,” he famously wisecracked in a…
Longtime congressman Rep. Barney Frank (D-Mass.), the first openly gay representative, is set to announce his intention not to run for reelection in 2012. Frank told reporters gathered in the town hall in Newton, Mass., that Capitol Hill is no longer a place for a get-things-done type of lawmaker. “The kind of inside work I…
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