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…
After finishing Jonathan Cohn’s new story, “The Hell of American Day Care” about the potential tragic consequences of the abysmal day care policies in the United States, it took everything I had to not get up from my desk and wrest my baby boy away from his caretaker’s arms. The fact that they were only…
This could sound like yet another bad-taste Oscar night joke, but turns out that the U.S. economy is run by Jews. Well, at least the federal government’s top advisers. On Wednesday, the Senate confirmed the nomination of Jack Lew, an Orthodox Jew, as Treasury Secretary. He will joined by Gene Sperling, director of the National…
Egypt’s campaign to shut down smuggling tunnels running under its border into the Gaza Strip threatens to throw thousands of Palestinians out of work in the Hamas-run enclave. The network of tunnels has been a vital lifeline for Gaza, bringing in an estimated 30 percent of all goods that reach the enclave and circumventing a…
Egyptian forces have flooded smuggling tunnels under the border with the Palestinian-ruled Gaza Strip in a campaign to shut them down, Egyptian and Palestinian officials said. The network of tunnels is a vital lifeline for Gaza, bringing in an estimated 30 percent of all goods that reach the enclave and circumventing a blockade imposed by…
The United States has urged Egypt to move fast to agree a loan deal with the IMF, reform its energy sector and guarantee investors against “arbitrary acts” to avert a deeper slide in its economy. In unusually blunt comments, U.S. Ambassador Ann Patterson said Egypt’s government and opposition must stop ignoring economic problems and work…
Israel’s shekel is at a 15-month high against the dollar, prompting speculation in the foreign exchange market that the Bank of Israel may intervene as it has in the past to protect the economy. But the shekel may have to strengthen quite a lot further and against a broader range of currencies to convince the…
he economy was the strongest determinant for Jews who voted for Barack Obama, according to an analysis of polling data. “Not only do Jews hold fairly liberal to progressive positions on economic justice issues, their views on such matters emerge as the principal decision-making fulcrum in their choice for president, as well as for senators…
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