Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
The U.S. House of Representatives will have its long-awaited vote on aid for Ukraine, Israel and the Indo-Pacific as soon as Saturday, Republican Speaker Mike Johnson said on Wednesday, more than two months after a similar package passed the Senate.
U.S. House of Representatives Speaker Mike Johnson (R-LA) speaks to reporters during a weekly press conference at Capitol Hill in Washington, U.S., April 16, 2024. Reuters/Michael A. McCoy
The U.S. House of Representatives will have its long-awaited vote on aid for Ukraine, Israel and the Indo-Pacific as soon as Saturday, Republican Speaker Mike Johnson said on Wednesday, more than two months after a similar package passed the Senate.
The House Appropriations Committee unveiled legislation providing more than $95 billion in security assistance, including $60.84 billion to address the conflict in Ukraine and assist regional partners as they handle Russia's invasion, of which $23.2 billion would be used to replenish U.S. weapons, stocks and facilities.
The Israel bill totals $26.38 billion, for Israel and funds to cover the cost of U.S. military operations in response to recent attacks.
The Indo-Pacific measure totals $8.12 billion.
By Patricia Zengerle
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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