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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 ...

Holocaust survivor, 86, from Brooklyn returning to Auschwitz for 1st time, with Israeli army officers

Holocaust survivor, 86, from Brookl…

Friends of the IDF ‘From ...

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...

PM Netanyahu meets with top Chinese corporate leaders

PM Netanyahu meets with top Chinese…

​The Prime Minister expre...

World Jewish Congress welcomes Swiss lawmakers' push to protect religious communities, end government funding of BDS

World Jewish Congress welcomes Swis…

NEW YORK - World Jewish C...

PM Netanyahu meets with Russian President Putin

PM Netanyahu meets with Russian Pre…

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Business

Obama Offers Corporate Tax Cuts Linked to Jobs

  Kent Klein WHITE HOUSE — U.S. President Barack Obama is proposing a compromise to help break a deadlock with opposition Republicans over his economic plans. On Tuesday the president went to a giant product distribution center for retailer Amazon.com in the southern city of Chattanooga, Tennessee, to announce his latest proposed “grand bargain” on the U.S. economy. "So today, I came here to offer a framework that might help break through some of the political logjam in Washington, try to get Congress to start moving on some of these proven ideas," he said. Obama offered to cut corporate tax…
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Detroit’s Financial Slide Linked to Exodus of Auto Industry

Economists say Detroit’s population most likely will never reach its former peak. And if the city is to come back, it will need to redefine itself post-bankruptcy as something different than “Motor City.” Kane Farabaugh DETROIT — Its nickname is the Motor City, but many of the automobile factories that gave Detroit that moniker are now hard to find inside the city limits. Detroit’s financial crisis is linked to the exodus of its auto industry, as it failed to achieve the economic diversity that helped other cities avoid bankruptcy. At the height of Detroit’s boom in the mid 20th century,…
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Europe Agrees on How to Deal With Failed Banks

  Selah Hennessy LONDON — The European Union (EU) has moved one step closer to forming a long-heralded banking union after finance ministers agreed on a new deal for bank bailouts. Tthe deal came as European leaders meet in Brussels to hammer out Europe-wide policies. European Union finance ministers tried and failed to tackle the banking issue in negotiations last week but they finally struck an agreement in the early hours of Thursday morning. According to the deal, in the future, taxpayers will not take the first hit when struggling banks need a helping hand. Instead, the bank’s creditors and…
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Millions of US Students Face Higher Costs Unless Congress Acts

  Jim Randle Seven million low-income U.S. college students face higher costs unless President Barack Obama and both Democrats and Republicans in Congress reach an agreement by July. Many experts doubt the bickering politicians will act in time to prevent a doubling of the interest charged on education loans for students who need the financial help the most. This dispute comes as a college education is more important than ever to get good jobs, and college costs are soaring. About one-third of college students in the United States rely on low-cost loans that are subsidized by the government. Right now,…
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Stock Markets Watch Bernanke

  VOA News Top officials of the U.S. central bank are discussing how much and how soon to reduce their efforts to speed up economic growth. The chairman of the Federal Reserve will report their decisions Wednesday afternoon at 2:30 p.m. Ben Bernanke has previously said the bank will cut stimulus efforts if the unemployment situation improves further or inflation rises strongly. Stock markets have been very volatile as nervous investors try to guess what the Fed will do. Back in 2008, the Federal Reserve cut short-term interest rates to a record low level in a bid to boost economic…
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US Financial Concerns Recede as Economy Improves

  VOA News Just weeks ago, the political focus in Washington was on reaching a "grand bargain" on taxes and spending to cut the country's burgeoning debt, but now a string of events seems to have pushed the issue into the background. The U.S. government's debt is nearing $17 trillion, as its annual budget deficit topped $1 trillion each of the last four years. That prompted U.S. President Barack Obama and his key congressional opponents to start talks about curbing the deficit, reforming spending plans for popular government pension and health care plans for older Americans and altering the country's…
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Europe Hands 6 Nations a Deficit Reprieve

  VOA, Europe is giving six of its financially struggling countries, including the major economies in France and Spain, more time to control the deficit spending of their governments. Austerity - calling for cuts in spending and increased taxes - has been the dominant prescription in the last two years for European countries looking to rein in budget shortfalls. But with unemployment surging and the continent mired in an 18-month recession, the European Union on Wednesday softened its demands. The EU granted the Netherlands and Portugal an extra year to cut their deficits below the mandated level of 3 percent…
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Obama says IRS Problems Will be Fixed

  VOA News U.S. President Barack Obama says he did not know about abuses by tax officials who targeted conservative groups until a report into the affair was leaked to the press last week. During a White House news conference with visiting Turkish Prime Minister Recep Tayyip Erdogan, Obama said the minute he found out about it, his focus was about making sure the Internal Revenue Service problem gets fixed. The president added he has complete confidence in Attorney General Eric Holder, who has ordered a criminal investigation into the matter. Acting IRS chief Steven Miller was fired Wednesday because…
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US Housing Prices, And Confidence, Rise

  Mil Arcega New data shows the U.S. housing market strengthening. The S&P Case Schiller Home Price Index shows average home prices in 20 of the biggest US cities rose more than nine percent in the last 12 months. That's the biggest gain in nearly seven years. Analysts say it may be one of the reasons why U.S. consumer confidence is improving. Five years after the collapse of the U.S. housing market, Americans seem ready to buy again. Pending home sales are up 7 percent over last year, foreclosures are at a seven-year low - and the number of homes…
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