National / International News
Political tensions are high around Israeli Prime Minister Benjamin Netanyahu's address to Congress Tuesday, but that shows no sign of impacting aid agreements between the U.S. and Israel.
In 2007, the Bush administration agreed to give Israel $30 billion in military aid over ten years. 75 percent of that money comes back to the U.S.—Israel uses it to buy weapons systems from American defense contractors.
“So it’s everything from Hellfire missiles to airplanes," says Haim Malka, a senior fellow at the Center for Strategic and International Studies. “U.S. aid to Israel accounts for about 20 percent of Israel’s total defense budget.”
The U.S. also gives Israel supplemental aid for things like its Iron Dome anti rocket system. And the U.S. allows tax breaks for donations and investment in Israel.
“U.S. funds invest in Israel, annually, roughly $1.5 billion,” says Avner Cohen, a professor of nonproliferation studies at the Middlebury Institute of International Studies at Monterey.
The U.S. mainly gives Israel military aid. Non-military economic aid dried up as Israel’s economy grew.
That's how many pages of emails were turned over to the State Department by Hillary Clinton's aides in order to comply with new federal requirements. As the WSJ reports, Clinton's extensive use of a private email account goes against current rules that emails be archived on department servers as part of the Federal Records Act.-130.05 points
In a recent study on the efficiency of two drugs, patients were told the two cost $100 and $1500 respectively. The group treated with the more expensive drug saw much more improvement. The catch? Both medicines were placebos, with the only difference being the perceived price. In fact, the people who thought they were getting the expensive drug did almost as well as when they were on a real drug. What the patients experienced was real, but it was entirely due to the placebo effect.$100,000 per year
About half of West Coast union longshoremen make at least that much, and some make more than three times that. The International Longshore and Warehouse Union's power and influence was felt last month when a labor dispute that nearly shut down ports along the coast, and this week the LA Times is looking into how dockworker wages have remained so high.130,000
In 2008, the number of "non-domiciled" residents in the UK — that's citizens who can show their fathers were not born in the UK, or that they have a home elsewhere they plan to return to — surged to 130,000. That's because non-dom status also comes with an Edwardian-era tax break on foreign income, which has attracted the uber wealthy of Britain. As reported by the NY Times, the wake of the HSBC scandal in Switzerland has called the antiquated tax loophole into question.50 percent
The portion of Americans who think it's important the U.S. be number one economically, up from 39 percent in 2007. That's according to a new Gallup poll, which also showed that priority was slightly split along party lines. Republicans were more likely than Democrats to think economic supremacy was important.
Israeli Prime Minister Benjamin Netanyahu speaks to a joint meeting of Congress on Tuesday. The speech highlights differences between the U.S. and Israel on how to stop Iran from going nuclear.