Military Technology Continued Success

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Pentagon approves Israeli military technology The Pentagon announced plans to purchase four Israeli-developed Iron Dome missile defense systems to help Israel defend the region around Gaza from short-range rockets. The first-in-its-class system is developed by Israeli government defense firm Rafael. Head of the Pentagon’s Missile Defense Agency Lt. Gen. Patrick …

Teva Stock Price Rises

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Teva Pharmaceutical, Ltd., traded on the NASDAQ and Tel Aviv Stock Exchanges, has bounced off its two-year low of $45 a share, and is currently trading 11% higher. This rise is likely due to its recent acquisition of a specialty, branded drug-maker Cephalon for $6.8 billion in early May. It …

The Upcoming Dollar Crisis

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The dramatic events of the global sub-prime crisis, credit crunch, ensuing tumble of home prices and the stock market in 2008/2009 have damaged many families’ financial situation, shaken their confidence, and caused much anxiety regarding their financial future. Our natural ability to adapt, however, makes us more inclined to “adjust” …

Israel Financial Update: March 2011

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In surprising economic news, Israel’s Gross Domestic Product (GDP) rose 7.8% in the fourth quarter of 2010 (5.4% in 2010). The Shekel continues to strengthen against the dollar, gaining another 1% in February, 2011. Israeli investment account holders enjoyed this benefits as their holdings are in Shekels. Israeli stocks continue …