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Wednesday, August 19, 2009

Which part of the world has a 24% hike in their daily wage? Wrong, wrong and wrong again.

h/t The Israel Project I bet you said Brazil or India or Singapore or South Korea or maybe even Israel. The correct answer is West Bank. If you are a Palestinian in the West Bank you have made it. If you are a Palestinian in Gaza, you are still hating Jews, chopping off heads, raging around like banshees, patrolling beaches to arrest couples holding hands, killing each other and depending on hand-outs and support from the Leftish parties of USA, UK, Canada and Europe and of course support and hand-outs from all the freaking Unions of the world. Michael Oren is Israel's ambassador to the United States and has this to say in the WSJ quote: Imagine an annual economic growth rate of 7%, declining unemployment, a thriving tourism industry, and a 24% hike in the average daily wage. Where in today's gloomy global market could one find such gleaming forecasts? Singapore? Brazil? Guess again. The West Bank. According to the International Monetary Fund (IMF), the West Bank economy is flourishing. Devastated by the violence and corruption fomented by its former leadership, the West Bank has rebounded and today represents a most promising success story. Among the improvements of the last year cited by the IMF and other financial observers are an 18% increase in the local stock exchange, a 94% growth of tourism to Bethlehem—generating 6,000 new jobs—and an 82% rise in trade with Israel. Since 2008, more than 2,000 new companies have been registered with the Palestinian Authority in the West Bank. Where heavy fighting once raged, there are now state-of-the-art shopping malls. Much of this revival is due to Palestinian initiative and to the responsible fiscal policies of West Bank leaders—such as Prime Minister Salaam Fayyad—many of whom are American-educated. But few of these improvements could have happened without a vastly improved security environment. More than 2,100 members of the Palestinian security forces, graduates of an innovative program led by U.S. Gen. Keith Dayton, are patrolling seven major West Bank cities. Another 500-man battalion will soon be deployed. Encouraged by the restoration of law and order, the local population is streaming to the new malls and movie theaters. Shipments of designer furniture are arriving from China and Indonesia, and car imports are up more than 40% since 2008. unquote read further the success story of the West Bank

1 comment:

  1. Did you know that Kraft Foods is building a new cheese factory in Nazareth in the West Bank.

    They will be calling it "Cheeses Of Nazareth"

    Jokes aside that is good news that you report. I hope!

    ReplyDelete

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