Economy

Israel’s economy is on top, but relative poverty is dismal

By Alex Brummer, December 20, 2013

Diaspora Jews are rightly proud of Israel’s stellar economy and its renowned science and technology.

The Jewish state was one of the few advanced economies — out of the 34 countries under the Organisation for Economic Co-operation and Development (OECD) — to survive the “Great Panic” and subsequent recession virtually unscathed.

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Actions of Co-op Methodist are back to haunt the bank

By Alex Brummer, December 16, 2013

The melt-down at the Co-operative Bank should not have come as a huge surprise to JC readers.

But serious allegations against the bank’s former chairman, Reverend Paul Flowers, have come as a shock.

His alleged drug-use has disgraced the Co-op Bank and led to his suspension from the Methodist Church and the Labour Party, where until recently he was a respected councillor.

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UK-Israel bridge built on innovation

By Charlotte Oliver, December 16, 2013

In 2011, UK and Israeli political and business leaders set up the “Tech Hub” at the British Embassy in Israel.

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Energy prices are rising, but you could still save cash

By Martin Lewis, December 16, 2013

Winter is coming. Don’t wait until you’re knee-deep in snow to sort out your bills. Prevention truly beats cure. Tackling your bills now means you can take the financial bite out of winter chills…

Free loft insulation and even boilers (for some)
While the loft insulation free-for-all’s ended, some will still be entitled to free energy-saving measures.

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‘Time to change’ our approach to pensions

By Ros Altmann, December 16, 2013

Automatic enrolment is the government’s new policy to ensure that every tax-paying employee is automatically put into a pension scheme at work, with their employer contributing to their pension as well.

Even working mothers must set up a pension scheme for their nannies. Staff can opt out, but many will not bother.

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Top women are now leading the world of high finance

By Alex Brummer, November 22, 2013

The departure of Angela Ahrendts from Burberry and Marjorie Scardino from Pearson has left Britain’s FTSE100 boardrooms woefully short of women chief executives.

But in the world of high finance, it is becoming a very different story.

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Progressives pledge to pay staff the living wage

By Simon Rocker, November 7, 2013

Liberal Judaism plans to be the first synagogue movement to adopt the living wage across all its congregations.

The wage — a voluntary initiative launched 12 years ago by the grass-roots activist movement Citizens UK — this week rose to £7.65 an hour nationally and to £8.80 an hour in London.

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Stamp of disapproval for Royal Mail bonanza deal

By Alex Brummer, November 7, 2013

The widely criticised Royal Mail flotation of shares has broad significance.

It has reflected an appetite for new equity from private investors in the UK.

Yet, negotiators of the Royal Mail deal are guilty of under-pricing. They have cost the taxpayer in excess of £1 billion as the shares soared to a 50 per cent-plus premium.

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Flug set to be Fischer’s spiritual successor

By Anshel Pfeffer, October 24, 2013

Doctor Karnit Flug is starting her term as governor of the Bank of Israel at a distinct disadvantage.

Although she has been the acting governor for four months and was chosen by her illustrious predecessor, Stanley Fischer, everyone will remember that she was neither the first, nor the second, nor even the third choice of the prime minister and finance minister.

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Federal Reserve Bank chief nomination for Jewish woman

By Rosa Doherty, October 10, 2013

Brooklyn native Janet Yellen was nominated this week by President Barack Obama to take up the most powerful job in the world economy.

If her selection is approved by the Senate, Mrs Yellen, who is Jewish, will become the first woman to head the US Federal Reserve in its 100-year history.

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