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Consumer Corner: Foreclosure settlement no magic bullet for economy
JERUSALEM, Aug. 17 (UPI) -- Israeli Finance Minister Yuval Steinitz warned it is too early to say the economic crisis has ended, even though the situation is improving.
On Sunday, Israel's Central Bureau of Statistics said the gross domestic produce rose by 1 percent in annual terms in the second quarter compared with a 3.2 percent drop in the first quarter.
The bureau also said exports, which accounted for close to 45 percent of the GDP, had risen 5.8 percent in the second quarter, private consumption had gone up 4.4 percent and public consumption rose by 19.8 percent.
Steinitz said the statistics appear to be encouraging but it's too early to declare an end to the recession, Israeli newspapers said.
At a Sunday Cabinet meeting, Prime Minister Binyamin Netanyahu said the CBS statistics prove that the Israeli economy is improving and in a better situation than many other countries.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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EL SEGUNDO, Calif., Feb. 13 (UPI) --
Wyle, an aerospace engineering and technology company, has been picked to provide services to the U.S. Air Force Material Command.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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