11 Updates
One third of Israelis at risk of poverty: Report
Photo Credit: , Getty Images

One third of Israelis at risk of poverty: Report

Oct 16 2013, 3:10pm CDT | by IANS

Jerusalem, Oct 17 (IANS) About 31 percent of Israel's population is at risk of being plunged into poverty, almost twice the rate of poverty risk in the European Union, Israel's Central Bureau of Statistics report showed Wednesday.

Jerusalem, Oct 17 — About 31 percent of Israel's population is at risk of being plunged into poverty, almost twice the rate of poverty risk in the European Union, Israel's Central Bureau of...

Filed under: news

YouTube Videos


40 weeks ago

One third of Israelis at risk of poverty: Report

Oct 16 2013, 3:10pm CDT | by IANS

Jerusalem, Oct 17 (IANS) About 31 percent of Israel's population is at risk of being plunged into poverty, almost twice the rate of poverty risk in the European Union, Israel's Central Bureau of Statistics report showed Wednesday.

Jerusalem, Oct 17 — About 31 percent of Israel's population is at risk of being plunged into poverty, almost twice the rate of poverty risk in the European Union, Israel's Central Bureau of Statistics report showed Wednesday.

The rate of population at risk of poverty -- families whose total incomes are less than 60 percent of the median income in Israel which is $1,660 per household -- rose from 26 percent in 2001 to 31 percent in 2011, Xinhua reported.

The rate in 2011 is even higher than in Spain and Greece, in which 20 percent of the population was at risk of poverty, although both countries received at that time an EU emergency aid programme to avoid insolvency.

The report also shows some 40 percent of children in Israel are at risk of poverty -- double the rate in Europe.

The higher rate is mainly the result of constant cutting in welfare benefits, a policy that dominated Israeli economy for the past 30 years, especially due to the huge cuts since 2003, according to Momi Dahan, head of the Federmann School of Public Policy and Government at Hebrew University in Jerusalem.

"Israel's spending on social security and welfare accounts for about 15 percent of its gross domestic product (GDP), lower than 24 percent on average in other developed countries," Dahan said.

In addition, Dahan said, the criteria for unemployment benefit eligibility are very strict and the number of unemployed considered as eligible for benefit is the lowest among developed countries. "It practically means that most unemployed people in Israel are not entitled for benefits."

Dahan added that this year's austerity budget "continues the current policy of cutting welfare spending, mainly through cuts in children benefits, which now became even lower."


Source: IANS


7 hours ago

Don't Forget The PIIGS

Jul 25 2014 7:59am CDT | Source: SeekingAlpha

By Trebizond Investments:Last year I explored a number of ETFs that provided exposure to Europe's most troubled economies, Portugal, Italy, Ireland, Greece, and Spain (collectively known as the PIIGS). My conclusion back then was that "The PIIGS Are Roaring". Continued strong performance makes it difficult to change this bullish opinion.PGAL data by YCharts Global X FTSE Portugal 20 ...
Source: SeekingAlpha   Full article at: SeekingAlpha


9 hours ago

IDPs to receive outright support from abroad

Jul 25 2014 6:33am CDT | Source: The Nation - Pakistan

ISLAMABAD - The United States, Britain and the European Union have assured to extend all-out support for the relief and assistance of North Waziristan IDPs. The affirmation was given to Pakistan by the US Ambassador Richard Olsan, British High Commissioner Philip Barton and a delegation of the European Union at a meeting wi ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan


10 hours ago

Google Approves 50,000 'Right to be Forgotten' Requests

Jul 25 2014 4:48am CDT | Source: IBTimes UK

Internet MANA Party-On-Tour
Over half of all requests have been removed by the search giant since the ...
Source: IBTimes UK   Full article at: IBTimes UK


13 hours ago

Darrell Delamaide's Political Capital: Scotland may have to be independent to stay in EU

Jul 25 2014 2:00am CDT | Source: MarketWatch

Scotland may have to vote for independence from the U.K. if it wants to remain in the European Union, writes Darrell Delamai ...
Source: MarketWatch   Full article at: MarketWatch


22 hours ago

Obama: Downed plane in Ukraine may ‘stiffen the spine’ of Europe as it weighs Russia sanctions

Jul 24 2014 5:17pm CDT | Source: Canadian Business Online

Pro Palestinian Demonstrations Are Held Throughout Europe
WASHINGTON – President Barack Obama says the downing of a passenger jet in Ukraine “may stiffen the spine of our European partners” as they consider additional sanctions against Russia. Obama welcomed Europe’s earlier sanctions against Russia, but says the actions have come “not always as fast as we’d like.” The European Union agreed Thursday to add more names to the list of Russians and pro-Russian ...
Source: Canadian Business Online   Full article at: Canadian Business Online


1 day ago

Ukraine Crisis Is Testing E.U.’s Resolve

Jul 24 2014 3:16pm CDT | Source: NewYorkTimes-Business Day

Sorbian Minority Celebrate Corpus Christi
As it considers sanctions against Russia, the European Union faces a question: Can it reconcile competing interests, confront a conflict on its borders and play a meaningful ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day


1 day ago

Ukraine PM quits and clears way for polls

Jul 24 2014 12:41pm CDT | Source: FT

Japanese Prime Minister Shinzo Abe Visits Australia
Yatseniuk rebukes parliament for betraying revolution, while EU ambassadors reach no conclusion on widening sanctions agains ...
Source: FT   Full article at: FT


1 day ago

Euro Sinks Under 1.35 Support - What Next?

Jul 24 2014 10:53am CDT | Source: SeekingAlpha

2010 New Orleans Jazz & Heritage Festival Presented By Shell - Day 5
By Ralph Shell: After flirting with the lower side of the 1.35 handle, numerous times, the bears finally emerged victorious. The timing of this down side break is surprising for several reasons. First, it is rare to see the majority of the traders prove to be right. The latest COT futures report showed specs to be short a recent record 106,200 contracts of euro futures and delta related options. Usually a market this concentrated on one sid ...
Source: SeekingAlpha   Full article at: SeekingAlpha


1 day ago

Ukraine’s Prime Minister Arseniy Yatsenyuk says he is resigning amid government turmoil

Jul 24 2014 10:12am CDT | Source: National Post

Ukraine's President Viktor Yanukovich (L
KYIV, Ukraine — Ukrainian Prime Minister Arseniy Yatsenyuk has announced his resignation following turmoil in government. Yatsenyuk made the announcement from the dais of the parliament after two parties said they would pull out of the governing coalition. “I am announcing my resignation in connect with the collapse of the coalition,” Yatsenyuk said. He said the parliament could no longer do its work and pass necessary laws. The nationalist Svoboda party and the UDAR movement led by fo ...
Source: National Post   Full article at: National Post


1 day ago

TTIP: 150,000 Register Concerns Over Controversial ISDS Clause of Free Trade Agreement

Jul 24 2014 7:07am CDT | Source: IBTimes UK

The Ukraine-European Union Association Agreement In Brussels
The EU will analyse findings before deciding how to proceed with nego ...
Source: IBTimes UK   Full article at: IBTimes UK


Don't miss ...


blog comments powered by Disqus

Latest stories

DG: No survivor in Algerian plane crash, probe launched (Roundup)
Algiers/Paris, July 25 (IANS) Algeria Friday declared a three-day national morning for the victims of the Air Algerie flight AH 5017 that crashed over Mali the previous day with no survivor yet found from the plane wreckage, media reports said.
Earth missed solar catastrophe just a year back: NASA
Washington, July 25 (IANS) Just a year ago, on July 23, the Earth missed being hit by a giant solar flare from the most powerful storm on the sun in over 150 years, NASA has said in a sensational revelation.
McDonald's Japan withdraws chicken products of Chinese origin
Tokyo, July 25 (IANS/EFE) The Japanese subsidiary of McDonald's Friday announced the withdrawal of all its chicken products sourced from China, following the expired meat scandal that led to the closure of Chinese meat processing firm Husi.
Common pesticide puts three generations at health risk
Washington, July 25 (IANS) If your ancestors were exposed to a common pesticide - widely used the world over during the 1970s as a safer replacement for DDT and still in use in many countries - this may lead to adult onset of kidney disease, ovarian disease and obesity in future generations.

Latest from the Network

China pledges more support for Afghanistan's development
Kabul, July 26 (IANS) China would like to see a smooth transition of power in Afghanistan and will give more support for the country's reconciliation and economic development, China's newly-appointed Special Envoy for...
Read more on Politics Balla
Elton John reveals secrets for biopic
Los Angeles, July 26 (IANS) Singer Elton John has revealed the secrets of his rehab diaries for his upcoming biopic featuring Tom Hardy. Hardy is all geared up to portray the 67-year-old musician in the biopic, which...
Read more on Celebrity Balla
Joint efforts on in Cairo to reach ceasefire in Gaza
Cairo, July 26 (IANS) Egypt, the UN, the Arab League and the US are working together to reach a seven-day "humanitarian ceasefire" for the ongoing conflict between Israel and Gaza-ruling Hamas movement, Egyptian...
Read more on Politics Balla
Massive increase in R&D spending suggests awesome new Apple products are on the way
It’s been a long time since Apple had anything to prove in the mobile world, but as iPhone iterations have become increasingly indistinguishable from one another, the Cupertino crew realized it might be time to catch...
Read more on Apple Balla
China denounces British parliament's inquiry
Beijing, July 26 (IANS) China Friday urged Britain to stop interfering in Hong Kong affairs after a British parliamentary committee conducted an inquiry on the implementation of a Hong Kong joint declaration. "Such...
Read more on Politics Balla
Jangra wins, Parveen loses at CWG boxing
Glasgow, July 26 (IANS) Indian boxer Mandeep Jangra proceeded to the men's 69 kg Round of 16 after beating Augusto Mathule of Mozambique 3-0 at the Scottish Exhibition and Conference Centre (SECC) here Friday. However...
Read more on Sport Balla
Bindra shoots gold to sign off from Commonwealth Games in style (Roundup)
Glasgow, July 26 (IANS) Ace shooter Abhinav Bindra fired to glory to sign off from his final Commonwealth Games with a gold while teenager Malaika Goel shot a silver and lifter Santoshi Matsa snatched a bronze as India...
Read more on Sport Balla
Only a dozen guests at Naya Rivera's wedding
Los Angeles, July 26 (IANS) "Glee" star Naya Rivera got married in front of only 12 special guests, who were all family members. The actress tied the knot earlier this month with Ryan Dorsey. Ryan's father Arnold...
Read more on Celebrity Balla
Kris Jenner cries herself to sleep
Kris Jenner cries herself to sleep. The 58-year-old matriarch admits she falls asleep weeping over her son Rob Kardashian, 27, after he plunged into depression following his weight gain. Speaking to her daughter Kim,...
Read more on Celebrity Balla
Paris Jackson told to reconnect with family
Michael Jackson's daughter has been advised by doctors to reconnect with her family. Paris, 16, has reportedly become estranged from her relatives following her attempted suicide last June and medical professionals...
Read more on Celebrity Balla