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Archive for November 1, 2011

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New York – Wall Street Ends Down 2 Percent On Greek Woes

November 1, 2011 at 04:10 PM
New York - Stocks tumbled on Tuesday after investors were blindsided by a surprise call for a Greek referendum on a EU bailout plan, casting doubt on the sustainability of the recent market rally. The Dow Jones industrial average was down 295.39 points, or 2.47 percent, at 11,659.62, according to the latest available figures. The Standard & Poor's 500 Index was down 34.96 points, or 2.79...

Jerusalem – Israel To Speed Up Settlement Building In West Bank

November 1, 2011 at 03:43 PM
Jerusalem - Israeli Prime Minister Benjamin Netanyahu has called for the accelerated construction of some 2,000 housing units in areas in the West Bank and around Jerusalem, an official statement said on Tuesday. The statement came after Netanyahu called a special cabinet session to discuss the granting of full membership to the Palestinians by UNESCO, the U.N. cultural agency, a move opposed...

New York – Wall Street Journal Remains No. 1 US Newspaper

November 1, 2011 at 03:39 PM
New York - A media industry group says The Wall Street Journal remains the No. 1 newspaper in the U.S. with average weekday circulation of 2.1 million. USA Today was second with 1.8 million, and The New York Times was third with 1.2 million on average from Monday to Friday. The Times had the highest circulation on Sundays with 1.6 million. The figures released Tuesday by the Audit Bureau of...

West Bank – Mahmoud Abbas: I Will Never Recognize  a “Jewish state” of Israel

November 1, 2011 at 03:25 PM
West Bank - Palestinian chairman Mahmoud Abbas was apparently caught on camera declaring that he will never recognize a “Jewish state.” Abbas made the startling statement in an interview last month on Egyptian TV that was monitored, translated and posted Tuesday by the Middle East Media Research Institute. “First of all, let me make something clear about the story of the Jewish...

Washington – Official: MF Global Admitted Using Client Money

November 1, 2011 at 02:52 PM
Washington - MF Global, the failed securities firm led by Jon Corzine, admitted using clients' money as its financial troubles mounted, a federal official says. An MF Global executive admitted that to federal regulators in a phone call early Monday after regulators discovered money missing from clients' accounts, according to an official familiar with the conversation. The official spoke on...

Rockland County, NY – Ramapo Supervisor Calls On PSC To Suspend O&R’s $25 Million Rate Hike Request

November 1, 2011 at 02:39 PM
Rockland County, NY - Town of Ramapo Supervisor Christopher P. St. Lawrence today called on the New York State Public Service Commission (PSC) to suspend a rate hike request from Orange and Rockland Utilities, Inc. (O&R) pending an investigation into O&R’s failure to provide adequate information to the thousands of families who remain without power several days after the storm that hit the...

Washington – 4M Homeowners Eligible For Foreclosure Review

November 1, 2011 at 02:33 PM
Washington - Up to 4 million borrowers who may have been improperly foreclosed upon in 2009 and 2010 are getting an opportunity to have their cases reviewed. The Office of the Comptroller of the Currency says mortgage services will begin sending out letters this month that ask borrowers if they want their case reviewed. The nation's 14 largest mortgage servicers — including Citibank, Bank...

New York – Macy’s To Renovate Its New York Flagship

November 1, 2011 at 01:13 PM
New York - Macy's iconic flagship store, which is already the world's largest, is about to get even bigger. The department store chain announced Tuesday that it plans to spend about $400 million over the next four years to expand and overhaul its storied flagship location at Herald Square in Manhattan. The makeover will affect every floor and virtually every department from shoes to luxury...

Sydney – Australian Lawmakers Agree to Maintain Shechita

November 1, 2011 at 01:10 PM
Sydney, Australia – Australian Jewish leaders praised the country's Labor government for retaining an exemption for the kosher slaughter of animals. The move followed a meeting of the Primary Industries Ministerial Council in Melbourne on Oct. 29 that discussed kosher and halal ritual slaughter, neither of which allow stunning. Animal rights activists and other lobbyists claim that kosher...

Jerusalem – Israel: Army Gets Green Light For Strong Military Action Against Gaza

November 1, 2011 at 12:23 PM
Jerusalem - An Israeli military official says Israel has authorized its military to take steps to stop rocket fire from Gaza, including a ground operation. The official spoke Tuesday after Israeli Cabinet ministers discussed a spike in rocket fire from Gaza. He said ministers approved military operations ranging from surgical strikes on Palestinian militants to a broad ground...

New York – Bank of America Nixes $5 Debit Card Fee

November 1, 2011 at 11:52 AM
New York - Bank of America Corp is dropping plans to charge a $5 monthly fee for debit card use, a source familiar with the matter said on Tuesday. The second-biggest U.S. bank becomes the last big bank to backtrack from plans to charge customers a monthly fee for using their debit cards. JPMorgan Chase & Co and Wells Fargo & Co last week decided to cancel test programs, while SunTrust...

Tel Aviv – Israeli Scientists Breed Featherless Kosher Chicken

November 1, 2011 at 11:41 AM
Tel Aviv - Israeli scientists have bred a featherless chicken. Although featherless chickens look quite terrifying, poultry farm owners in many countries have shown keen interest in the birds because they will not need to be plucked. According to the scientists who have bred the new species, these birds cause no harm to people’s heath. Moreover, they grow faster, and their meat is low...

Jerusalem – Behind The Great Orthodox Comeback: The ‘Chazon Ish’

November 1, 2011 at 11:15 AM
Jerusalem - The resurgence of Orthodoxy may be the most profound, and is certainly the most surprising, transformation of Judaism in the past 60 years. Even more surprising, the most energetic part of it is not "modern" Orthodoxy but a culturally insular Orthodoxy—made up of Hasidic courts, men educated exclusively in Talmud, and a culture suspicious or even dismissive of secular society. ...

Warsaw Poland – Flight From Newark, NJ Makes Crash Landing in Poland

November 1, 2011 at 10:21 AM
Warsaw, Poland - A Boeing 767 from Newark, New Jersey, carrying 231 people on board made a dramatic emergency landing in Warsaw on Tuesday after its landing gear failed to open. Sparks and small fires erupted when the Polish LOT airlines plane landed on its belly without its wheels, but nobody was injured, officials said. The pilots discovered a problem with the chassis ahead of landing...

Atlanta – Supporting Cain, GOP Base Evokes Thomas Hearings

November 1, 2011 at 10:17 AM
Atlanta - Conservatives rallied around Herman Cain as he battles harassment allegations, likening the attacks on the Republican presidential contender to what they describe as the "high-tech lynching" of another prominent black Republican: Supreme Court Justice Clarence Thomas. The forceful early reaction to the Cain firestorm — fueled by racially charged rhetoric — suggests the Georgia...
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