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Statements by PM Netanyahu and US President Donald Trump

Statements by PM Netanyahu and US P…

​PM Netanyahu: I want to ...

WJC President Lauder commends Comerica for closing anti-Israel group’s bank account

WJC President Lauder commends Comer…

WJC, World Jewish Congres...

Lt. Gen. Gadi Eizenkot, Chief of the General Staff, Memorial Day Message

Lt. Gen. Gadi Eizenkot, Chief of th…

In these moments we stand...

Holocaust Martyrs' and Heroes' Remembrance Day 2017

Holocaust Martyrs' and Heroes' Reme…

​The Holocaust Martyrs' a...

University of Haifa and Rambam Hospital Unveil Partnership and Plans for Twenty-Story ‘Medical Discovery Tower’

University of Haifa and Rambam Hosp…

Strategic partnership bet...

In landmark ruling, US court allows heirs of Jewish art dealers to sue Germany for restitution

In landmark ruling, US court allows…

WJC, A district court in ...

230 Ukrainian Immigrants Arrive in Israel for Passover, Part of Effort to Rescue Embattled Jews

230 Ukrainian Immigrants Arrive in …

JERUSALEM, More than 200 ...

Ambassadors Against BDS: 2,000 gather at United Nations HQ in New York in support of Israel

Ambassadors Against BDS: 2,000 gath…

The World Jewish Congress...

World Jewish Congress launches petition to ICRC demanding Hamas return bodies of IDF soldiers

World Jewish Congress launches peti…

NEW YORK - The World Jewi...

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Business

Attention Shifts to US Senate Leaders in Budget Showdown

Dan RobinsonWHITE HOUSE — With the U.S. facing a new credit warning, a bipartisan effort by Democratic and Republican Senate leaders is now back in the spotlight. President Barack Obama is waiting for an acceptable solution to emerge that would extend the debt limit and reopen the federal government. Late Tuesday, the Senate Democratic and Republican leaders, Harry Reid and Mitch McConnell, resumed efforts for a bipartisan compromise that was put on hold earlier as events played out in the Republican-controlled House of Representatives. The bipartisan effort in the Senate had proposed funding the federal government through January 15, and…
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New US $100 Bill Designed to Defeat Counterfeiters

VOA News, The U.S. on Tuesday is unveiling a new $100 bill, a note that still will show touches of long-standing tradition, but also will carry new markers in an attempt to thwart counterfeiters.Like the current greenish $100 bill, the new version will bear the likeness of Benjamin Franklin, a leader in the American Revolution more than two centuries ago.But it will also have a vertical blue security ribbon that shows "100" and small pictures of the iconic Liberty Bell in darker blue.Next to Franklin's portrait is a tan quill and bronze-color inkwell, with the Liberty Bell drawn inside. The bell's…
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Obama Taps Yellen to Replace Fed Chief Bernanke

Mil ArcegaPresident Barack Obama has named Federal Reserve Vice Chairman Janet Yellen to head the U.S. central bank after Ben Bernanke steps down at the end of January. The US senate still has to confirm Yellen, but analysts believe she’s a safe choice to steer US monetary policy in troubled economic times.She’s poised to become the first woman to head the U.S. central bank. And with more than a decade at the Federal Reserve, Janet Yellen may be one of the most qualified to run it. President Obama described her as tough and effective.“She sounded the alarm early about the…
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House GOP Holds Firm as Shutdown Looms

VOA News, The U.S. Congress is mired in a bitter political showdown that now appears likely to shut down major parts of the U.S. government Tuesday for the first time in 17 years. In the latest move, House Republicans passed another measure to derail U.S. President Barack Obama's health-care program. But the president and his Democratic Party allies in the Senate have made clear the measure is going nowhere. In a high drama Saturday session, the Republican-controlled House passed a measure late in the evening that would fund the government until December 15th. But it also passed two amendments, one that…
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EU, G20 Move to Crack Down on Corporate Tax Avoidance

Ana Hontz-WardVOA, Every year, the eurozone loses an estimated one trillion euros in revenue from multinational companies that don’t pay taxes on their European profits. These companies, including tech giants like Apple, Amazon and Google, as well as coffee company Starbucks, take advantage of loopholes in the complicated international tax code system and move their profits around the world to dodge tax payments. But they are facing increasing scrutiny from cash-strapped European governments and criticism from consumers over their unfair practices and lost revenues.Paying the bills every month is a challenge for businessman Jalil Kidder, the owner of a security…
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US Economists: Fed Will Cut Economic Stimulus

VOA NewsU.S. economists are predicting that policy makers at Federal Reserve are on the verge of beginning to trim the economic stimulus measures they have used to boost the American economy from the depths of the 2009 recession.Top officials of the U.S. central bank started a two-day meeting Tuesday in Washington to decide whether to reduce their $85-billion-a-month purchase of securities to pump more money into the economy. One leading American economist, Jim O'Sullivan of High Frequency Economics, said he expects the Fed to cut the asset purchases by $10 billion a month."All signs at this point suggest that they…
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Barney Frank: Financial System Safer Five Years After Crisis

Mil Arcega, VOAFive years after the worst financial crisis since the Great Depression, former U.S. congressman Barney Frank feels the risks of another calamitous bank failure that could throw the global economy into a downward spiral have diminished. However, although Frank insists the risks have been greatly reduced and that "the economy is better off than it was five years ago for almost everybody,” economists say the U.S. recovery remains mixed. Expectations of a quick turnaround were misplaced, claim experts such as Robert Bixby of the Concord Coalition."It was a major catastrophic bursting of the bubble and that takes a…
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IBM Developing Brain-like Computer Systems

VOA News, IBM researchers have announced the development of a breakthrough software system designed to operate a new generation of cognitive computers that work like the human brain.IBM said the new system is “inspired by the function, low power, and compact volume of the brain.” It could lead to an entire new era of computing with machines that learn and interact more naturally with people.They say new machines could mimic the brain’s ability for “perception, action and cognition.”The company says the long-term goal is to “build a chip system with ten billion neurons and hundred trillion synapses, while consuming merely one…
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Amazon Founder to Buy Washington Post

VOA, The founder of Internet retail giant Amazon, Jeffrey Bezos, is buying one of the top U.S. newspapers.The Washington Post announced Monday that Bezos will buy the paper and its affiliated publications for $250 million. It said Amazon has no role in the purchase.The Post, which is known for breaking major stories including the Watergate scandal in the Nixon era, had been owned by the Graham family for four generations.In a statement Monday, Post Chairman Donald Graham said the paper would be better served with another owner. He said newspaper-industry challenges, including declining revenue, led the family to consider selling…
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