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Archive for January 9, 2019

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Tel Aviv – Israeli High-tech Firms Raised Record $6.47 Billion In 2018

January 9, 2019 at 11:56 PM
Tel Aviv - Israeli private high-tech companies raised a record $6.47 billion in 2018, up 17 percent from 2017, the Israel Venture Capital Research Center and ZAG law firm said on Wednesday. In the fourth quarter high-tech firms raised a record $1.82 billion, up 8 percent from the third quarter, the IVC-Zag report showed. "Most of the capital was raised by well-established software companies...

New York – U.S. Money Fund Assets Hit Highest Since 2010: iMoneyNet

January 9, 2019 at 11:35 PM
New York - U.S. money market fund assets increased for a fifth straight week to their highest level since early 2010, as investors further raised their cash pile due to recent market volatility, a private report released on Wednesday showed. Assets of money market funds, which are seen as nearly as safe as bank accounts, jumped $35.62 billion to $3.029 trillion in the week ended Jan. 8. This...

New York – Ride-hailing Subscriptions: Are They Worth It?

January 9, 2019 at 11:03 PM
New York - The start of a new year often coincides with a surge in monthly memberships to gyms. Ride-hailing services are hoping customers will think along the same lines about their transportation needs. Uber and Lyft recently launched subscription plans promising savings for those trips to the gym, to work or around town. The ride-hailing companies stand to gain by increasing customer...

Washington – Jewish Employees Affected By The Government Shutdown Are Getting Some Help From This Organization

January 9, 2019 at 10:32 PM
Washington - Jewish federal employees who are struggling with expenses due to the government shutdown can now find some relief. The Hebrew Free Loan Association of Greater Washington approved an emergency program last week to provide loans of up to $2,000 per household to affected Jews living in the Washington, D.C., area. Several people have applied and two have been approved, the...

New York – Small Business Tax Deduction Has CPAs Scratching Their Heads

January 9, 2019 at 10:05 PM
New York - Millions of small business owners will be in uncharted waters this income tax filing season as they try to determine if they qualify for a deduction that could exempt a-fifth of their income from taxes. Five months after the IRS issued guidelines to help business owners and tax advisers understand how the complex deduction works, accountants and tax attorneys still have questions...

Queens, NY – NYC Prosecutor Who Was A ‘Son Of Sam’ Judge Will Retire

January 9, 2019 at 09:31 PM
Queens, NY - A longtime New York City prosecutor and former judge who presided over the arraignment of "Son of Sam" killer David Berkowitz will retire at the end of the year, he said Wednesday. Queens District Attorney Richard Brown, who was appointed in 1991, said he plans on completing his term but would skip what was shaping up to be a tough re-election fight. The 86-year-old has been...

New York – School Bus Tracking Bill Passes New York City Council

January 9, 2019 at 09:00 PM
New York - The New York City Council today, passed landmark legislation co-sponsored by Councilmembers Ben Kallos, Chaim Deutsch, and Mark Treyger that will require tracking devices to be installed on yellow buses that transport students to and from schools. The bill had been introduced multiple times during the last several Council sessions by former Councilmember Michael Nelson, in conjunction...

Washington – Error In U.S. Prisons Law Means Well-behaved Inmates Wait Longer For Release

January 9, 2019 at 08:30 PM
Washington - U.S. prisoners who were expecting earlier release for good behavior, thanks to a new criminal justice law enacted last month, must keep waiting due to an error in the bill, said activists working with the White House to fix the mistake. Potentially thousands of inmates could be affected by the error in the First Step Act, signed into law on Dec. 21 by Republican President Donald...

New York – NYC Mayor: We’ll Be First US City To Mandate Paid Vacation

January 9, 2019 at 08:03 PM
New York - New York City Mayor Bill de Blasio vowed Wednesday to make the city the first in the country to require employers to offer paid vacation days. "If you work hard and you don't get a break that's not fair," said the Democratic mayor, who said more than 500,000 full-time and part-time workers in the city currently have no paid vacation days or personal days. "New Yorkers need a...

New York – Experimental App Might Spot Drug Overdoses In Time To Help

January 9, 2019 at 07:25 PM
New York - Too often people die of an opioid overdose because no one's around to notice they're in trouble. Now scientists are creating a smartphone app that beams sound waves to measure breathing — and summon help if it stops. The app is still experimental. But in a novel test, the "Second Chance" app detected early signs of overdose in the critical minutes after people injected heroin or...

New York – Cash Can Beat Stocks In Returns And Happiness

January 9, 2019 at 07:04 PM
New York - How bad was 2018 for investors? They pulled a record amount of money from stock and bond funds late in 2018 and tucked it into safe havens such as CDs, money market funds or U.S. Treasuries that mature in a year or less. In better times, investors usually use bonds as a buffer when stocks turn nasty, but last year stock and bond funds alike were losers. The Standard & Poor’s 500...

Tehran – Iran Says It Holds US Navy Veteran, 1st Arrest Of Trump Era

January 9, 2019 at 06:31 PM
Tehran - Iran confirmed Wednesday it is holding U.S. Navy veteran Michael R. White at a prison in the country, making him the first American known to be detained under President Donald Trump's administration. White's detention adds new pressure to the rising tension between Iran and the U.S., which under Trump has pursued a maximalist campaign against Tehran that includes pulling out of its...

Des Moines, Iowa – Judge Frees Palestinian Man From 2-year Immigration Hold

January 9, 2019 at 06:00 PM
Des Moines, Iowa - A Palestinian man who was jailed in Iowa for two years while immigration authorities tried to secure permission to deport him has been released after a federal judge ruled he had been held for too long without a reasonable expectation of being repatriated soon. Advocates for immigrants' rights say Hasan Salama Dibai Ghithan's case is not unusual and that far too many...

Washington – U.S. Official: U.S., Israel Air Concerns Over China Telecom Companies

January 9, 2019 at 05:46 PM
Washington - U.S. President Donald Trump's national security adviser John Bolton raised U.S. concerns about the use of Chinese telecommunications equipment in sensitive sectors during a weekend meeting with Israeli Prime Minister Benjamin Netanyahu, a U.S. official said on Wednesday. "We are all concerned about theft of intellectual property and Chinese telecoms companies that are being used...

Trenton, NJ – New Jersey Doubles Security Funding For Nonpublic Schools

January 9, 2019 at 05:20 PM
Trenton, NJ - New Jersey has doubled its security funding for nonpublic schools, earning praise from two Orthodox Jewish groups. Gov. Phil Murphy, a Democrat, signed into law this week a bill that brings the funding to $22.6 million from $11.3 million, or to $150 a student from $75 a student. The measure had passed the state Legislature with unanimous bipartisan support. Teach NJ, an...

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