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	<title>Uncensored News from Israel &#187; economy</title>
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	<link>http://samsonblinded.org/news</link>
	<description>Breaking Israeli News from the Jewish perspective: Israel, the world, Arabs, war, and dirty politics</description>
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			<item>
		<title>Solar power &#8211; subsidies go to large players</title>
		<link>http://samsonblinded.org/news/solar-power-subsidies-go-to-large-players-26596</link>
		<comments>http://samsonblinded.org/news/solar-power-subsidies-go-to-large-players-26596#comments</comments>
		<pubDate>Mon, 21 May 2012 10:18:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26596</guid>
		<description><![CDATA[Arava Power has announced a new project for 58MW. That would only be laudable if the government did not subsidize solar energy. In effect, Israeli consumers pay more for electricity to benefit the corporation.
Astonishingly, Arava will spend almost $300 million for the 58MW capacity, though the regular cost of such installations is $1–2 per Watt, [...]]]></description>
			<content:encoded><![CDATA[<p>Arava Power has announced a new project for 58MW. That would only be laudable if the government did not subsidize solar energy. In effect, Israeli consumers pay more for electricity to benefit the corporation.</p>
<p>Astonishingly, Arava will spend almost $300 million for the 58MW capacity, though the regular cost of such installations is $1–2 per Watt, or 3–5 times lower. The cost increase helps the company to claim subsidies.</p>
<p>Meanwhile, homeowners are refused the right to install <a href="http://samsonblinded.org/news/israel-sets-quota-for-sun-26414">solar panels on their houses</a> because of the lack of subsidy funds.</p>
<p></p>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Modesty fails: Netanyahu and Peres buy a plane</title>
		<link>http://samsonblinded.org/news/modesty-fails-netanyahu-and-peres-buy-a-plane-26564</link>
		<comments>http://samsonblinded.org/news/modesty-fails-netanyahu-and-peres-buy-a-plane-26564#comments</comments>
		<pubDate>Sat, 19 May 2012 08:34:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26564</guid>
		<description><![CDATA[For many years Israeli leaders made a point of flying on regular airlines. At most, they chartered a plane from El Al. The government has decided to break that tradition and purchase a plane for the PM and president.
]]></description>
			<content:encoded><![CDATA[<p>For many years Israeli leaders made a point of flying on regular airlines. At most, they chartered a plane from El Al. The government has decided to break that tradition and purchase a plane for the PM and president.</p>
]]></content:encoded>
			<wfw:commentRss>http://samsonblinded.org/news/modesty-fails-netanyahu-and-peres-buy-a-plane-26564/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>Ministers voice false nationalism on Gaza</title>
		<link>http://samsonblinded.org/news/ministers-voice-false-nationalism-on-gaza-26520</link>
		<comments>http://samsonblinded.org/news/ministers-voice-false-nationalism-on-gaza-26520#comments</comments>
		<pubDate>Sun, 13 May 2012 15:26:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26520</guid>
		<description><![CDATA[The Environmental minister called on the government to cut the power supply to Gaza during shortages in Israel. According to Erdan&#8217;s logic, it is absurd to provide power to a terrorist entity while we experience shortages.
Erdan knows very well that the government won&#8217;t leave Gaza without electricity, and thus he can engage safely in nationalist [...]]]></description>
			<content:encoded><![CDATA[<p>The Environmental minister called on the government to cut the power supply to Gaza during shortages in Israel. According to Erdan&#8217;s logic, it is absurd to provide power to a terrorist entity while we experience shortages.</p>
<p>Erdan knows very well that the government won&#8217;t leave Gaza without electricity, and thus he can engage safely in nationalist rhetoric. But more to the point, why <em>should</em> we cut electricity to Gaza? They can quickly bring diesel power plants, and in a few months build a grid from Egypt. Thus Israel would lose a lucrative monopoly, while remaining unable to punish Hamas&#8217; voters economically.</p>
<p>The answer to power shortages in Israel does not lie in an embargo on Gaza, but in demonopolizing the industry, bringing in investments, and building new plants, and lifting the ban on developing nuclear power.</p>
<p></p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>Israel sets quota for sun</title>
		<link>http://samsonblinded.org/news/israel-sets-quota-for-sun-26414</link>
		<comments>http://samsonblinded.org/news/israel-sets-quota-for-sun-26414#comments</comments>
		<pubDate>Sat, 05 May 2012 11:23:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[feature]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26414</guid>
		<description><![CDATA[Environmental groups are urging the government to partially relinquish its monopoly on solar panels. Under the current guidelines, the government sets quotas for alternative energy, including solar panels, so that homeowners cannot even install solar batteries on their own rooftops—something that every other country encourages or even subsidizes. Just the officially filed demand for solar [...]]]></description>
			<content:encoded><![CDATA[<p>Environmental groups are urging the government to partially relinquish its monopoly on solar panels. Under the current guidelines, the government sets quotas for alternative energy, including solar panels, so that homeowners cannot even install solar batteries on their own rooftops—something that every other country encourages or even subsidizes. Just the officially filed demand for solar panels exceeds the amount of the quota by three times.</p>
]]></content:encoded>
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		<slash:comments>1</slash:comments>
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		<title>Israeli army in the service of an oligarch</title>
		<link>http://samsonblinded.org/news/israeli-army-in-the-service-of-an-oligarch-26370</link>
		<comments>http://samsonblinded.org/news/israeli-army-in-the-service-of-an-oligarch-26370#comments</comments>
		<pubDate>Mon, 30 Apr 2012 09:10:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26370</guid>
		<description><![CDATA[Russian, French, and Chinese companies have decided against bidding for offshore gas drilling licenses in Cyprus. The official Israeli line—that they submitted to diplomatic pressure from Turkey—is silly. None of those countries would be concerned with Turkish reaction.
In fact, no one is willing to engage in military skirmishes over such a low-yield field. Only the [...]]]></description>
			<content:encoded><![CDATA[<p>Russian, French, and Chinese companies have decided against bidding for offshore gas drilling licenses in Cyprus. The official Israeli line—that they submitted to diplomatic pressure from Turkey—is silly. None of those countries would be concerned with Turkish reaction.</p>
<p>In fact, no one is willing to engage in military skirmishes over such a low-yield field. Only the Israeli oligarch Nimrodi is willing to bid for that license because he would receive free military support from the IDF.</p>
<p></p>
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		<slash:comments>0</slash:comments>
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		<title>World financial crisis broke against Israeli red tape</title>
		<link>http://samsonblinded.org/news/world-financial-crisis-broke-against-israeli-red-tape-26287</link>
		<comments>http://samsonblinded.org/news/world-financial-crisis-broke-against-israeli-red-tape-26287#comments</comments>
		<pubDate>Tue, 24 Apr 2012 02:30:21 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26287</guid>
		<description><![CDATA[While housing prices are dropping all over the world, they continue to rise in Israel: 21% in 2009, 16% in 2010, and posting a minor decline of 2% in 2011. Though the last decline may precipitate a major drop, so far the trend in Israel goes against that of the world market. That happens for [...]]]></description>
			<content:encoded><![CDATA[<p>While housing prices are dropping all over the world, they continue to rise in Israel: 21% in 2009, 16% in 2010, and posting a minor decline of 2% in 2011. Though the last decline may precipitate a major drop, so far the trend in Israel goes against that of the world market. That happens for a straightforward reason: land shortage.</p>
<p>In fact, Israel has huge tracts of empty land, including many relatively green areas. The government, however, engages in predatory zoning practices to benefit agricultural, real estate, and banking lobbies.</p>
<p>Agriculture in Israel is economically inefficient, as in any other country, and only survives due to massive subsidies, including reduced water prices. Many kibbutzim long ago abandoned agriculture. Yet the government restricts the conversion of arable land to housing projects. Red tape in real estate development adds to the problem. Altogether, the severe housing shortage keeps prices artificially high.</p>
<p>On other hand, Israel enjoys very low mortgage interest rates, which make monthly payments relatively affordable.</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Green craze justifies pork barrel spending</title>
		<link>http://samsonblinded.org/news/green-craze-justifies-pork-barrel-spending-26255</link>
		<comments>http://samsonblinded.org/news/green-craze-justifies-pork-barrel-spending-26255#comments</comments>
		<pubDate>Sun, 22 Apr 2012 11:27:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26255</guid>
		<description><![CDATA[The Ministry of Environmental Protection has announced the wholesale replacement of government computers in order to make them energy-efficient. The move would save the government about $300,000 annually.
Any sane person should ask, why go through such a cumbersome procedure for such negligible benefit? With five-year lifespan, the replacement would save about $1.5 million, which is [...]]]></description>
			<content:encoded><![CDATA[<p>The Ministry of Environmental Protection has announced the wholesale replacement of government computers in order to make them energy-efficient. The move would save the government about $300,000 annually.</p>
<p>Any sane person should ask, why go through such a cumbersome procedure for such negligible benefit? With five-year lifespan, the replacement would save about $1.5 million, which is only the cost of about 2,000 computers. Replacing tens of thousands of computers is irrational.</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>Israeli military exporters shoot themselves in the foot</title>
		<link>http://samsonblinded.org/news/israeli-military-exporters-shoot-themselves-in-the-foot-26219</link>
		<comments>http://samsonblinded.org/news/israeli-military-exporters-shoot-themselves-in-the-foot-26219#comments</comments>
		<pubDate>Thu, 19 Apr 2012 07:09:01 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[feature]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26219</guid>
		<description><![CDATA[According to newly released statistics, our government granted 8,000 export licenses for delivering military-related products to 130 countries. But Israeli companies applied for 30,000 licenses to deliver to 190 countries.
Thus, self-imposed restriction and silly concern about White House opinion cost us business with 60 countries and two thirds of our export volume.
In terms of military [...]]]></description>
			<content:encoded><![CDATA[<p>According to newly released statistics, our government granted 8,000 export licenses for delivering military-related products to 130 countries. But Israeli companies applied for 30,000 licenses to deliver to 190 countries.</p>
<p>Thus, self-imposed restriction and silly concern about White House opinion cost us business with 60 countries and two thirds of our export volume.</p>
<p>In terms of military export volume, we lost significantly to Russia, with 9.6 vs 12 billion dollars, respectively.</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Ex-Mossad chief heads stock market fraud?</title>
		<link>http://samsonblinded.org/news/ex-mossad-chief-heads-stock-market-fraud-26200</link>
		<comments>http://samsonblinded.org/news/ex-mossad-chief-heads-stock-market-fraud-26200#comments</comments>
		<pubDate>Tue, 17 Apr 2012 18:27:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[feature]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26200</guid>
		<description><![CDATA[Gulliver Energy is a small mining company which so far has had no luck in drilling for gas in Israel&#8217;s offshore fields. Still, the company apparently tried to capitalize on the recent gas discoveries, which somewhat increased investors&#8217; interest in its stock. It hired Meir Dagan as its CEO and launched a public campaign to [...]]]></description>
			<content:encoded><![CDATA[<p>Gulliver Energy is a small mining company which so far has had no luck in drilling for gas in Israel&#8217;s offshore fields. Still, the company apparently tried to capitalize on the recent gas discoveries, which somewhat increased investors&#8217; interest in its stock. It hired Meir Dagan as its CEO and launched a public campaign to apply for licenses to mine for gold and uranium.</p>
<p>It is well-known that gold and uranium are not present in Israeli soil in viable quantities.</p>
<p>So the entire enterprise is a transparent attempt to boost Gulliver&#8217;s stock price.</p>
]]></content:encoded>
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		<slash:comments>1</slash:comments>
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		<title>Lieberman is right on Trajtenberg</title>
		<link>http://samsonblinded.org/news/lieberman-26125</link>
		<comments>http://samsonblinded.org/news/lieberman-26125#comments</comments>
		<pubDate>Mon, 09 Apr 2012 21:15:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://samsonblinded.org/news/?p=26125</guid>
		<description><![CDATA[Lieberman&#8217;s party appealed the government&#8217;s decision to cancel the parental employment requirement for daycare and education for three- to nine-year-olds. After the social protests, the Trajtenberg commission recommended that free daycare only be provided if the parents are actually employed.
The rule is common sense: it is highly  questionable that society should provide free daycare [...]]]></description>
			<content:encoded><![CDATA[<p>Lieberman&#8217;s party appealed the government&#8217;s decision to cancel the parental employment requirement for daycare and education for three- to nine-year-olds. After the social protests, the Trajtenberg commission recommended that free daycare only be provided if the parents are actually employed.</p>
<p>The rule is common sense: it is highly  questionable that society should provide free daycare at all, and totally unfathomable why free daycare should be offered to families who do not work and therefore have ample time to spend with their children.</p>
<p>The government&#8217;s decision to cancel the employment requirement ostensibly serves the haredim, but in reality it does not. Many haredim do work, and may of them either keep their children at home or send them to private religious schools. So the employment requirement mostly targeted <a href="http://samsonblinded.org/news/arabs-dont-have-to-work-26074">Arabs who live on welfare</a> and receive child care subsidies. The government had sought to restore the benefit to the Arabs.</p>
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