The recession

Hull care facility spreads its net for residents

By Marcus Dysch, February 25, 2010

Hull's Jewish care home is hoping to attract new residents from neighbouring communities whose residential facilities are over-subscribed.

The committee at Menorah House is looking further afield to help fill its rooms, while assisting those unable to access kosher homes in other cities.

Ranked excellent at its last key unannounced inspection, the home has 24 flats, all with en-suite facilities and sitting rooms.

Harold Flasher, chairman of Menorah House's building committee, said the move was intended to help the home weather the recession.


Sharp decline in gap years to Israel

By Simon Rocker, February 18, 2010

The number of youngsters taking gap years in Israel fell dramatically this year because of the financial climate.

Only around 60 went to Israel this year, compared to more than 100 a year over the past three, according to FZY, the UK's largest Zionist youth movement.

And Bnei Akiva, the religious Zionist movement, experienced a slide from about 40 to the lower 20s.

But leaders hope that numbers will begin to climb again this autumn with BA anticipating as many as 55 recruits to its yeshivah and year schemes which can cost as much as £16,000.


Sir Victor Blank takes government panel role

By Jessica Elgot, February 2, 2010

The former chairman of Lloyds, Sir Victor Blank, will take an unpaid role as a government adviser on overseas investment.

Sir Victor, who left Lloyds after its disastrous takeover of HBOS, will sit on the new Investment Advisory Panel, created by Business Secretary Lord Mandelson for government department UK Trade and Investment.

The panel, which includes Dragon’s Den judge James Caan, is believed to have met for the first time this week.


Former Lord Mayor's knighthood 'dropped'

By Robyn Rosen, December 30, 2009

Ian Luder, the former Lord Mayor, has reportedly had his impending knighthood dropped after defending bankers’ bonuses.

Mr Luder, the 681st Lord Mayor was allegedly due to receive a knighthood in tomorrow’s New Year Honours List but will be the first Alderman to be denied it in more than 50 years.

In June Sir Gus O'Donnell, Cabinet Secretary, head of the Home Civil Service and chairman of the main Honours Committee said that Lord Mayors could no longer expect to automatically receive a knighthood.


Israel is officially out of recession

By Simon Griver, November 19, 2009

Israel is officially out of recession after the Central Bureau of Statistics reported that the country’s economy grew 2.2 per cent on an annualised basis in the third quarter of 2009.

This followed 1 per cent growth in the second quarter.

Israel was one of the last Western countries into recession, enjoying growth of 4 per cent last year despite a contraction of 1.6 per cent in the fourth quarter of 2008. The recession hit hardest in the first quarter of this year, when the Israeli economy contracted by 3.2 per cent.


Why the job crunch is different this time

By Candice Krieger, November 19, 2009

Senior executives and company directors have been no more immune to redundancy than anyone else during the economic downturn. Whilst there is talk of the tide turning, people are still losing their jobs.

Employment disputes and redundancies are a typical feature of troubled economic times as companies react to dwindling revenues by firing employees at all levels in order to cut costs. But lawyer Elaine Aarons, a leading employment expert who specialises in advising executives at international law firm Withers LLP, believes this recession has been different.


Job losses as Holocaust Centre faces cash crisis

By Robyn Rosen, November 5, 2009

Up to nine redundancies will be made at the Holocaust Centre in Nottinghamshire in a bid to alleviate its financial crisis.

The memorial and educational centre founded by non-Jewish brothers Stephen and James Smith 14 years ago needs to slash its annual budget from £800,000 to £500,000 and activities such as professional training could be axed. It intends to focus its resources on educating the young — 22,000 primary and secondary pupils visit the centre every year.


Lost your job? It could just make you happier

By Alex Kasriel, October 22, 2009

Peter Marks ran his family bakery business in north London for 22 years. But the combined competition from internet shopping and a new Tesco Metro forced him to sell up in June 2008. He continued to manage the store but earlier this year, it closed for good and the 51-year-old became jobless for the first time in his working life.

Marks is not alone. Jewish workers have been victims of “operations streamlining” or “office downsizing” since the recession hit, just like everyone else.


The industry that's toughing it out

By Candice Krieger, October 15, 2009

The recession could redefine the status of the security industry, particularly among the Jewish community, say former policemen Adam and Nick Conn.


Hardship claims rise as credit crunch bites

By Marcus Dysch, October 1, 2009

The number of students applying for UJS Hillel’s scholarship fund has increased by 30 per cent in the past year.

Chief executive Daniel Marcus revealed parents and students are applying for the grants at record rates as they struggle to meet the soaring costs of going to university.

The effect of the recession, coupled with the fiasco over delayed student loan cheques, has left some Jewish students fighting to fund their studies, accommodation and living costs.