Business
Lowest unemployment rate in 20 years
Ynet
Published: 27.08.08, 17:08
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3 Talkbacks for this article
1. Terrific News
Judah ,   Golan Heights,ISRAEL   (08.27.08)
My cousin made aliya from Florida last week. She had recently been let go from her job in a real estate company in Miami. After only 3 days she was hired by Cellcom in Herzylia. Even with our current lousy Israelui government the economy is still strong.
2. Now tell us what we really want to know
Ilan ,   Tel Aviv   (08.27.08)
How many of that 5% are Haredi and how many are Arab. People who choose actively not to be employed cannot be considered in unemployment figures, and must not be given benefits... this raises problems when they have children as why should the children suffer for the parents choices. I think it is important that if the parents are not able to look after their kids then the kids are taken by the state and fostered to those who can.
3. Fannie Mae and Freddie Mac just went under.
Steven Wilson ,   Anchorage, Alaska   (09.06.08)
The government has just liquidated stock holders of their money in these two companies. Monday might have a huge sell off in bank stocks, because the United States Government is screwing the stockholders, as they take over these institutions. Who wants to own Lehman Brothers....Merril Lynch....Morgan Stanley.....Bank of America.....Wells Fargo and so forth and so on, if the government will step in and take all the stockholders money. This is going to cause a bank run on the Bank's stocks. People will unload the stock in these institutions before they even have a chance of losing their money. Who knows how the 650 Trillion dollar dirivatives market will react to this on Monday. Russia , Japan and China have to be wondering if they are going to get their money out of this mess. The Europeans have to be sweating it too. American Pension funds are heavily bought into these institutions, as well as mutual funds. Will this cause a run on the greenback.....will this start a Depression in the United States. These will be interesting questions in the aftermath of this fiasco. How much money are people willing to lose before they give up on stocks?
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