One of three American economists who won the 2013 economics Nobel prize on Monday for research into market prices and asset bubbles expressed alarm at the rapid rise in global housing prices. Robert Shiller, who shared the 8 million Swedish crown ($1.25 million) prize with fellow laureates Eugene Fama and Lars Peter Hansen, said the…
hree American scientists won the 2013 economics Nobel prize on Monday for research that has improved the forecasting of long term asset prices, a hot topic since the collapse of the U.S. housing market bubble prompted a global financial meltdown. “There is no way to predict the price of stocks and bonds over the next…
The Palestinian economy in the Israeli-occupied West Bank shrank for the first time in a decade in the first half of 2013, the World Bank said, blaming a decline in foreign aid and myriad restrictions imposed by Israel. Israel has pointed repeatedly to strong growth in the West Bank in recent years as vital to…
Standard & Poor’s will leave Israel’s credit rating unchanged at A+, projecting its economy will remain stable. The announcement follows an annual visit by S&P representatives a month ago. The delegation met with Finance Minister Yair Lapid, high-ranking officials in the Finance Ministry and the Bank of Israel, as well as, seniors in the public…
About 300 Israeli and Palestinian business leaders called on their governments Monday to move swiftly toward a two-state solution and end the conflict between the two peoples. Members of the Breaking the Impasse initiative said they would use their business experience to persuade their governments to launch serious negotiations. They were speaking at the World…
Donald Sylvan, 64 Toronto Job: Executive Director, Hillel Ontario Previously: President and CEO of JESNA, the Jewish Education Society of North America Early this year, Sylvan moved to Canada to direct the umbrella organization that oversees Hillels at colleges in Ontario. He’d recently left the helm of JESNA, which he led for over seven years,…
The Israeli occupation of East Jerusalem is driving its Palestinian residents into deeper economic isolation and they face far greater poverty than Jewish neighbours, said a U.N. report on the city at the heart of the Middle East conflict. The U.N. Conference on Trade and Development (UNCTAD) report, published on Thursday, is the first comprehensive…
Dysfunction in Washington is one of the biggest drags on the U.S. economy, undermining confidence and crimping growth, Treasury Secretary Jack Lew said on Tuesday. “One of the most significant speed bumps for growth is coming straight from Washington, where some political leaders continue to generate one manufactured crisis after the next,” Lew said in…
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