Politics
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Israeli economist Manuel Trajtenberg calls for a “conceptual revolution” in relationship between government, private sector 

Dr. Manuel Trajtenberg, whose committee submitted recommendations on social and economic reforms to the Israeli government following the country’s 2011 social protests, participated in an animated panel discussion on the challenges of balancing economic principles – particularly the aims of capitalism – with social values. The panel, moderated by Guy Rolnick, Editor-in-Chief of leading Israeli economics publication, The Marker, also included Sir Ronald Cohen (UK), Chairman of Big Society Capital; Adrian Gore (South Africa), CEO of Discovery; Abby Joseph Cohen (USA), President of the Global Markets Institute; and Lord Professor Robert Skidelsky (UK), author of an award-winning, three-volume biography of British economist John Maynard Keynes.

 

Trajtenberg attacked the “trickle-down” economic theory that wealth spreads from the top sectors of society to the benefit of all members of society, but emphatically noted that government cannot be expected to solve society’s problems by itself. He cited the example of Israel, which followed the “manual” of market-based economics that, while creating great wealth among the few, left many in society facing continuous financial difficulties. He attributed this to policies that placed an undue focus on the arithmetic of economics coupled with an insufficient emphasis on social values. As a remedy, Trajtenberg called for a “conceptual revolution” in how government and the private sector interact.

Sir Richard Cohen noted the vital role that private financing can play in “social impact investments,” adding that we can be as successful in social issues as well as we have been in technology and innovation issues. He proposed the idea of a “social stock exchange,” and added that we are “on the threshold of a revolution of social impact investment.”

Adrian Gore underscored that “the message that capitalism is a dangerous message,” noting that only business creates prosperity, not government, adding that government has a critically important role to play in ensuring that a society has universal healthcare and universal daycare and whose investment is a necessity for a more productive and healthy society. While assessing that basic economic principles work, he acknowledged that they need be carefully re-worked to address social inequities.

Abby Joseph Cohen said that growth and prosperity for all members of society require the investment of education, infrastructure, and research/innovation. As an example, she noted pre-recession unemployment figures in the United States contrasting college graduates (4%) with those with a high school diploma or less (18%).

The most spirited aspect of the discussion occurred when panel moderator Guy Rolnik asked about the correlation between economics and incentive. Cohen accepted the basic premise that there is a strong correlation, suggesting the need to re-assess and improve the incentives. Lord Prof. Skidelsky rejected the correlation, surmising that on average, people make decisions not based on rational considerations. Trajtenberg proposed that economic policies reflect the factors that comprise human decision-making: incentives, morality, and complex psychological processes. Skidelsky responded that economics is unable to simultaneously manage these factors.

Facing Tomorrow 2013 takes place from June 18-20, 2013 at Jerusalem's International Convention Center. The conference is organized in partnership with Hebrew University.

On Thursday evening, July 20th, the Embassy of Colombia in Tel Aviv celebrated Colombia’s National Day, the anniversary of the signing of the country’s declaration of independence. The event was held at the beautiful home of Colombian Ambassador to Israel, H.E. Mr. Fernando Alzate Donoso, and  wife Mrs.Nancy, in Kfar Shmaryahu.

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Prime Minister Benjamin Netanyahu, today (Wednesday, 19 July 2017), held a series of bilateral meetings with the heads of government of the Visegard Group: Czech Prime Minister Bohuslav Sobotka, Polish Prime Minister Beata Szydlo and Slovakian Prime Minister Robert Fico. (Prime Minister Netanyahu met yesterday with Hungarian Prime Minister Viktor Orban.)

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​PM Netanyahu: We face common challenges, the first of which is to defeat the forces of terror that rampage through the world and threaten both our countries. We must stand together in this battle, much as we work together to perfect the future.

Prime Minister Benjamin Netanyahu and his wife Sara, this evening (Tuesday, 4 July 2017), at the Prime Minister's Residence in Jerusalem, hosted Indian Prime Minister Narendra Modi.

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The EU Delegation in Israel and the Municipality of Tel-Aviv-Yafo presented:  Performance Europa!
Urban celebration of live performances and interactive installations
Tel Aviv’s White Night ,Rothschild 1 Plaza, 29 June 

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 On 11 June 2017, the 5thPhilippine Tourism and Country Fair organized by the Philippine Embassy in Tel Aviv,Municipality of Haifa and Castra Mall, opened in a festive atmosphere in the northern city of Haifa as the Philippines tries to sustain the rapid tourism growth from Israel.

During the one-day event, simultaneous activities on tourism and cultural promotion and highlights of the 60 years of strong bilateral relations between the Philippines and Israel were featured at the Castra Mall. Around 800 Israelis and Filipinos enjoyed the cultural program that showcased multi-awarded Filipino soprano singer, Ms. Francis Anne “Princess” Virtudazo, and the best talents from the Filipino community in Israel.

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Over 60 leading women from across the world joined together last month for a panel discussion showcasing Israeli females in the lead.
Organized by The Israel Project (TIP) and the Embassy of Cyprus in Israel, the event served as a platform to discuss and understand the challenges and opportunities facing women in Israeli society in the modern age.
Among the panelists were popular journalist Judy Shalom Nir-Mozes. Former IDF commander Miri Eisin and Israeli Olympic athlete Maayan Davidovich.

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Prime Minister Benjamin Netanyahu, Greek Prime Minister Alexis Tsipras and Cypriot President Nicos Anastasiades, today (Thursday, 15 June 2017), in Thessaloniki, at the third trilateral summit, signed joint statements for the continued strengthening of relations.

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A senior delegation from Tanzania, headed by Dr. Aloyce Nzuki, Permanent Secretary Ministry for Natural Resources and Tourism, arrived in Israel for a series of meetings and events designed to increase cooperation with the Israeli tourist industry, and encourage Israeli tourism and investments to enchanted, exotic Tanzania.

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At a festive ceremony attended by Minister of Education Naftali Bennett, the Lauder Dormitory Building was inaugurated today at the Technion
state of the art building was donated to the Technion by World Jewish Congress President Ronald Lauder and his wife Jo Carole

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09 June 2017 – Jerusalem) The U.S. Permanent Representative of the United States to the United Nations Nikki Haley visited Yad Vashem today. The Ambassador was guided through the Holocaust History Museum by Dr. Robert Rozett, Director of Yad Vashem Libraries, participated in a memorial ceremony in the Hall of Remembrance, visited the Children's Memorial and signed the Yad Vashem Guest Book.

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President Reuven Rivlin today (Wednesday) met at his residence in Jerusalem with United States Permanent Representative to the United Nations, Ambassador Nikki R. Haley.

President Rivlin welcomed her and said, “You are a dear friend of Israel. We appreciate your strong stand on the world’s most important stage, in support of the security of the people and the State of Israel. With your support we see the beginning of a new era. Israel is no longer alone at the UN. Israel is no longer the UN’s punching bag.”

He continued, “When I spoke at the UN on Holocaust Memorial Day, I said that the UN must learn from the lessons of the past, and stand up against hatred and racism. I said it must end its obsession with targeting Israel. Progress has been made. Israel’s standing at the UN has improved. But sadly, we have a long way to go. Both in holding to account, public statements made by officials, and in supporting regulation to reduce the ridiculous number of discussions and resolutions against Israel. This is also true in the Human Rights Council - which has been hijacked as a weapon against Israel - and in UNESCO, where they seek to rub out the history of the Jewish people.”

The President thanked the Ambassador for her great contribution to the State of Israel, and said, “Ambassador Haley, as the representative the US - Israel’s greatest and strongest ally - we appreciate very much your support of Israel, and all you do to stand up for the values of freedom and democracy which we share. Welcome to Israel, welcome to Jerusalem.”

Ambassador Haley thanked the President for his warm welcome and said, “Thank you Mr. President for taking the time to meet with us, it is an absolute thrill to be here in Israel, I so much appreciate the support we have received from the people of Israel. But I feel somewhat guilty because all I did at the United Nations was tell the truth. I have never taken kindly to bullies, and the UN has bullied Israel for a very long time, and we are not going to let that happen anymore. It is a new day for Israel in the United Nations. We just got back from Geneva, talking about the Human Rights Council and hopefully it will be a new day at the Human Rights Council when it comes to Israel.”

She concluded by saying she was greatly looking forward to her visit to Israel and said, “I am looking forward to taking in the history, the beauty, the tradition, and all that comes with the magic of Israel. Thank you very much for having me it is a pleasure to be here.”

Photo credit: Mark Neiman (GPO)

Friday was a beautiful late spring day; the gardens were lovely, the weather was fine; the guests were elegantly attired; the refreshments were generous and delicious; all the makings of a happy celebration marking the National Day of Sweden. H.E. Carl Magnus Nesser, ambassador of Sweden to the State of Israel, hosted the event at the ambassadorial residence in Herzlia Pituach.

The event was attended by many Swedish nationals living in Israel; Swedish music, Swedish food, Swedish sponsors and a generous open bar – all the makings of a happy event.

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A fundamentally agricultural holiday, Shavuot commemorates the custom of bringing offerings to the Holy Temple from the first fruits of the harvest and the first animals born to the flocks.

Shavuot, the Holiday of Weeks, is one of the three pilgrimage holidays, along with Pesach and Sukkot. These are the holidays on which the whole Jewish people would come to Jerusalem​ in ancient times, when the Holy Temple was there, and would offer animal and grain sacrifices.

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Tel Aviv Eat presents three evenings of tastings and workshops featuring the region’s leading restaurants and most prominent chefs. Entrance is free (including the chefs’ demonstrations), and tasting portions range in price from NIS 20-35. Doors open each evening at 18.00. There are several performance stages, live music, and stands selling beer.

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"Only when we remember the families who were torn apart from everyone they loved, who suffered that terrible darkness and evil, who had endured the unbearable horror of the Holocaust, only then can we prevent this agony from ever repeating." President Donald J. Trump

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Jerusalem Israel Sunny, 26 °C
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MARKET MOVERS article

NMS : YHOO - 01 Jan,
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 57.39
Low 52wk Low 35.05
Vol 0 Avg Vol 19.80M
Eps 0.71 P/e
Currency:

Alphabet Inc.

NMS : GOOG - 23 Aug, 11:51am
929.64
+4.95 (+0.54%) After Hours:
Open 921.93 Mktcap 644.13B
High 929.93 52wk Hight 988.25
Low 919.36 52wk Low 727.54
Vol 472369 Avg Vol 1.70M
Eps 30.60 P/e 33.69
Currency: USD

Apple Inc.

NMS : AAPL - 23 Aug, 11:52am
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Open 159.07 Mktcap 827.78B
High 160.30 52wk Hight 162.51
Low 158.88 52wk Low 102.53
Vol 8.37M Avg Vol 26.85M
Eps 9.02 P/e 18.19
Currency: USD