The Palestinian Authority plans to destroy the Kotel and build Arab housing in the Kotel Plaza if ever it gains control of Jerusalem.

Kotel Plaza

The Palestinian Authority plans to build an Arab housing complex on Judaism's holiest site if ever it gains control of Jerusalem, according to a documentary translated by thePalestinian Media Watch (PMW).

"They [Israelis] know for certain that our roots are deeper than their false history," thedocumentary stated in Arabic. A video clip from an official Palestinian Authority TV documentary broadcast August 10, 2011 on the Fatah-controlled television network from Ramallah stated that the construction would come as part of the PA's plan to erase the Jewish presence from Jerusalem."We, from the balcony of our home, look out over [Islamic] holiness and on sin and filth (Jews' praying at the Western Wall) in an area that used to have [Arab] people and homes.
"We are drawing our new maps," the program continued. "When they [Israelis] disappear from the picture, like a forgotten chapter in the pages of our city's history, we will build it anew.
"The Mughrabi Quarter will be built here (on the Western Wall Plaza)."

Don't Mess With Obama! Justice Dept Investigating S&P

The Justice Department is reportedly investigating whether credit ratings agency Standard and Poor's improperly rated dozens of mortgage securities in years leading up to the financial crisis.The investigation began before Standard & Poor's cut the United States' AAA credit rating this month, but it's likely to add to the political firestorm created by the downgrade, the newspaper said. Some government officials have since questioned the agency's secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations.

Read more: http://www.foxnews.com/politics/2011/08/17/doj-reportedly-investigating-standard-poors/#ixzz1VO0e6SFx

"Achdus" : Two weeks to go, and 100 Sfardi Girls still not accepted to High School

With two weeks to go before the start of the new school year, some 100 girls in the country's largest ultra-Orthodox enclaves still have not been accepted to any high school. Most of the girls are of Sephardi origin.

"I am writing to you as the person responsible for placing pupils in your city, asking that you immediately act to place the many pupils who have not been accepted to Haredi secondary schools," Shoshani wrote. "The complaints we heard after the registration period closed were that many pupils were not placed due to alleged discrimination, particularly relating to ethnicity, and that the schools don't have transparent procedures for placing girls."

The cities of Jerusalem, Bnei Brak, Modi'in Ilit and Betar Ilit have not complied with a demand made by the Education Ministry's director general, Shimshon Shoshani, who earlier in the summer wrote to the mayors and city managers of all four cities, ordering them to submit their full list of high school placements by the end of July.

Shoshani called on local officials to set up placement committees, headed by the director of the local education department and comprised of two Torah figures (one Ashkenazi, one Sephardi ), a truant officer and a ministry inspector.

"Due to the late date, I want to get a placement list of all the girls in your city by Thursday, July 28," he wrote.

Now, three weeks after that deadline has passed, no lists have been submitted, and an estimated 100 girls are still without a high school. Some of the cities did not even set up the placement committees requested by Shoshani.

Attorney Yoav Lalum, head of the Noar Kehalakha organization - which initiated court action last year against what it claimed was ethnic discrimination in Immanuel - condemned the cities for not following ministry orders. He also chastised the ministry for not going far enough.

"The Education Ministry and the high schools would prefer that we busy ourselves with the issue of which girls did or did not get accepted, and not with the real problem: the quotas set for Sephardim in the girls' high schools," Lalum said. "It's too bad that the Education Ministry keeps missing the point again and again."

Sources say the leading Haredi high schools set the quota for accepting Sephardi girls at 30%.

Soon after Shoshani sent his letter, the leading Ashkenazi Haredi rabbinical arbiter, Rabbi Yosef Shalom Elyashiv, called the principals of the Haredi high schools to a meeting and told them not to cooperate with the placement committee initiative.

"We must fight this decree," he was quoted as saying.

Read more in Haaretz

2 year old Chaya Gittel Schwartz killed in car accident in New Square, Video

A 2-year-old girl was killed Monday after being struck by a minivan on Clinton Lane. Ramapo Police Sgt. Anthony Giardina said Monday that a member of the Hatzolah Ambulance Services called police just after 6:45 p.m. to say that the child had been hit by the car and was being taken to Nyack Hospital. The girl suffered severe head trauma and her identity was not released.Though the details of how the crash occurred were not clear late Monday evening, Giardina said the child was taken from the crash site near 150 Clinton Lane and pronounced dead a short time after reaching the hospital.As of 10:45 p.m., Giardina said a Ramapo Accident Investigation Team continued to examine evidence at the scene.

As of 10:45 p.m., Giardina said a Ramapo Accident Investigation Team continued to examine evidence at the scene.Just before 8:30 p.m. Monday, a large crowd of men, women and children surrounded the maroon minivan that remained in the center of Clinton Lane.People standing quietly in doorways along the densely populated street watched as members of the Hassidic Jewish village used white cloths to soak up blood from beneath the car's left-front tire.The men saved the cloth in a plastic bag; Jewish law requires all remains — including blood — be collected before a burial can take place.None in the crowd appeared to have witnessed the crash, but several bystanders on opposite sides of the roped-off scene said the child had run out into the street, leaving little time for the driver to react.Police reported no injuries to the driver, who was not identified.

The scene was similar to an April 15 crash on Jefferson Avenue where another 2-year-old girl was killed after being struck by a car in the parking lot of the New Square Supermarket.Giardina said no summonses had been issued and he was awaiting the results of the investigation.That girl, identified by village residents as Golda Taubenfeld, was also taken to Nyack Hospital, where she, too, was pronounced dead.On Jan. 28, 2010, a 4-year-old boy suffered head trauma, bleeding to the brain, a fractured pelvis and a bruised lung after he was struck by a minivan while crossing Bush Lane with his mother.The driver of the minivan, Reuven Bayer, 37, of New Square later turned himself in to police and was charged with felony assault and reckless endangerment, a misdemeanor. The status of his case was not known Monday evening.All three crashes occurred within less than .3 miles of one another.

US Helps Pay Terrorists jailed in Israel Who Murdered Americans

Itamar terrorist who murdered five.

Israel news photo: Flash 90

Every single PA terrorist in Israel's jails receives a monthly salary from the PA, courtesy of American taxpayers.

Every single Palestinian Authority terrorist held in an Israeli jail receives a monthly salary from the PA. Terrorists who committed the most heinous crimes – and therefore received longer sentences – receive the most money, according to a report in Israeli paper Yisrael Hayom.

Citing a report received by a senior government official in Jerusalem, the paper says that the terrorists' salaries are paid from the PA's "public budget," which accounts for about 3.5 percent of its total budget.

The PA treasury receives cash from two main sources: the US pays about 50 percent of the money, and the rest is mostly from European Union member nations.

Prisoners who were jailed for periods of up to five years receive 1,400 to 2,000 NIS per month. However, terrorists serving 10 to 15 years receive 6,000 shekels, the ones serving 15 to 20 years receive 10,000 shekels, and those serving 20 to 30 years get 12,000 shekels. These are people who planned, directed and took part in the intentional sadistic slaughter of civilian men, women and children, at point blank range.

Since some of the victims of PA terror are American citizens, the information means that US taxpayers pay monthly salaries to the people who murdered their fellow citizens. The latest US citizen who was a victim of PA terror is Ben Yosef Livnat, who was gunned down in Shechem.

The terrorists' wives and children receive additional cash, and prisoners with Israel citizenship get a bonus.

'How to protect kids from dangerous online relationships'

Israeli company develops technology called Kangaroo to detect and protect young Internet users from dangers in the virtual environment.

David Schwimmer’s latest movie, “Trust”, says it all: "In the face of the enormity of the online world, protecting your child from potential predators is near impossible."In the movie, a 14-year-old girl enters into a virtual relationship with a man she believes is 19-years-old. When she discovers, months later, that he is actually a middle-aged pedophile, it is already too late.

This extreme scenario is every parent’s worst nightmare. Other problems for children on the Internet are the impossibility of controlling their access to sexually explicit content or the relatively new phenomenon of cyber-bullying.Building on the need for better protection, an Israeli company, Sensegon, has developed a technology, called Kangaroo, to detect and protect young Internet users from dangers in the virtual environment. Inspired by advanced military intelligence software and developed with algorithms designed to identify predatory behavior patterns online, Sensegon informs about potential high-risk developments in virtual relationships.

Read more in the Jerusalem Post

Obama approval below 40% for the first time!

Obama is sinking like the Titanic! According to the latest Gallop Poll, Obama's approval rate is 39% and his disapproval rate is 54%.

Not Since Carter did we have such low Consumer Confidence!

American Jew abducted in Pakistan

A Pakistani police officer stands guard at the house of kidnapped American development expert Warren Weinstein in Lahore, Pakistan, on Sunday, Aug. 14, 2011.  A senior police official says investigators still don't know who kidnapped Weinstein from his home on Saturday night, in eastern Pakistan at gunpoint.  Kidnappings for ransom are common in Pakistan, with foreigners being occasional targets.(AP Photo/K.M. Chaudary)

 An American citizen working on an aid development project was kidnapped from his home in Pakistan.

Warren Weinstein

Warren Weinstein, 70, who has been identified as Jewish, was snatched from his home in the eastern Pakistani city of Lahore early Saturday, according to news service reports.  

Weinstein was working as the Pakistan country director for J.E. Austin Associates, a development contractor, on a project sponsored by the U.S. Agency for International Development. Shortly before his abduction, he had announced that he intended to return to the United States on Monday after successfully completing the project.

No group has claimed responsibility for the kidnapping nor asked for a ransom; kidnapping for ransom is common in Pakistan.

Lahore police told Reuters that they have detained several people for questioning, including the guards posted at the house, who allegedly were overpowered by the armed assailants.

The home of kidnapped American development expert Warren Weinstein is seen in Rockville, Md., Saturday, Aug. 13, 2011. Gunmen kidnapped Weinstein from his house in Lahore, Pakistan, Saturday after tricking his guards and breaking into the house in a brazen raid that alarmed aid workers, diplomats and other foreigners, who already tread carefully in this country rife with Islamic militancy and anti-U.S. sentiment.  (AP Photo/Manuel Balce Ceneta)

Obama pandering to Muslims says "Islam has always been part of our American family"

Here is the full text of President Obama's remarks during Wednesday's Iftar dinner at the White House:




"Good evening, everyone, and welcome to the White House. Tonight is part of a rich tradition here at the White House of celebrating the holy days of many faiths and the diversity that define us as a nation. So these are quintessentially American celebrations -- people of different faiths coming together, with humility before our maker, to reaffirm our obligations to one another, because no matter who we are, or how we pray, we’re all children of a loving God.

"Now, this year, Ramadan is entirely in August. That means the days are long, the weather is hot, and you are hungry. So I will be brief.

"I want to welcome the members of the diplomatic corps who are here; the members of Congress, including two Muslim American members of Congress -- Keith Ellison andAndre Carson; and leaders and officials from across my administration. Thank you all for being here. Please give them a big round of applause. "To the millions of Muslim Americans across the United States and more -- the more than one billion Muslims around the world, Ramadan is a time of reflection and a time of devotion. It’s an occasion to join with family and friends in celebration of a faith known for its diversity and a commitment to justice and the dignity of all human beings. So to you and your families, Ramadan Kareem.

"This evening reminds us of both the timeless teachings of a great religion and the enduring strengths of a great nation. Like so many faiths, Islam has always been part of our American family, and Muslim Americans have long contributed to the strength and character of our country, in all walks of life. This has been especially true over the past 10 years.

"In one month, we will mark the 10th anniversary of those awful attacks that brought so much pain to our hearts. It will be a time to honor all those that we’ve lost, the families who carry on their legacy, the heroes who rushed to help that day and all who have served to keep us safe during a difficult decade. And tonight, it’s worth remembering that these Americans were of many faiths and backgrounds, including proud and patriotic Muslim Americans.

"Muslim Americans were innocent passengers on those planes, including a young married couple looking forward to the birth of their first child. They were workers in the Twin Towers -- Americans by birth and Americans by choice, immigrants who crossed the oceans to give their children a better life. They were cooks and waiters, but also analysts and executives.

"There, in the towers where they worked, they came together for daily prayers and meals at Iftar. They were looking to the future -- getting married, sending their kids to college, enjoying a well-deserved retirement. And they were taken from us much too soon. And today, they live on in the love of their families and a nation that will never forget. And tonight, we’re deeply humbled to be joined by some of these 9/11 families, and I would ask them to stand and be recognized, please.

"Muslim Americans were first responders -- the former police cadet who raced to the scene to help and then was lost when the towers collapsed around him; the EMTs who evacuated so many to safety; the nurse who tended to so many victims; the naval officer at the Pentagon who rushed into the flames and pulled the injured to safety. On this 10th anniversary, we honor these men and women for what they are -- American heroes.

"Nor let us forget that every day for these past 10 years Muslim Americans have helped to protect our communities as police and firefighters, including some who join us tonight. Across our federal government, they keep our homeland secure, they guide our intelligence and counterterrorism efforts and they uphold the civil rights and civil liberties of all Americans. So make no mistake, Muslim Americans help to keep us safe.

"We see this in the brave service of our men and women in uniform, including thousands of Muslim Americans. In a time of war, they volunteered, knowing they could be sent into harm’s way. Our troops come from every corner of our country, with different backgrounds and different beliefs. But every day they come together and succeed together, as one American team.

"During the 10 hard years of war, our troops have served with excellence and with honor. Some have made the ultimate sacrifice, among them Army Specialist Kareem Khan. Galvanized by 9/11 to serve his country, he gave his life in Iraq and now rests with his fellow heroes at Arlington. And we thank Kareem’s mother, Elsheba, for being here again tonight. Like Kareem, this generation has earned its place in history, and I would ask all of our service members here tonight -- members of the 9/11 Generation -- to stand and accept the thanks of our fellow Americans.

"This year and every year, we must ask ourselves: How do we honor these patriots -- those who died and those who served? In this season of remembrance, the answer is the same as it was 10 Septembers ago. We must be the America they lived for and the America they died for, the America they sacrificed for.

"An America that doesn’t simply tolerate people of different backgrounds and beliefs, but an America where we are enriched by our diversity. An America where we treat one another with respect and with dignity, remembering that here in the United States there is no “them” or “us;” it’s just us. An America where our fundamental freedoms and inalienable rights are not simply preserved, but continually renewed and refreshed -- among them the right of every person to worship as they choose. An America that stands up for dignity and the rights of people around the world, whether a young person demanding his or her freedom in the Middle East or North Africa, or a hungry child in the Horn of Africa, where we are working to save lives.

"Put simply, we must be the America that goes forward as one family, like generations before us, pulling together in times of trial, staying true to our core values and emerging even stronger. This is who we are and this is who we must always be.

"Tonight, as we near a solemn anniversary, I cannot imagine a more fitting wish for our nation. So God bless you all and God bless the United States of America. Thank you."

Crazy Chassidim (Neturei Karta) Curse Harav Hagoen Ahron Leib Shteinman

Radical Extremist Chassidim from the Neturei Karta group Protest and Shout Yemach Shmo Against Hagaon Rav Aharon Leib Shteinman in Williamsburg on Tisha B'av Tuesday, August 9 2011 at Walabout St. coner Badford Ave. Where Rav Shteinman's Shiur was Broadcast live from Israel, a yearly event coordinated by the Chofetz Chaim Heritage Foundation 
Notice people walking by and not saying a word in protest...
Also notice, that these savages bring their little innocent children to help curse one of the leaders of Klall Yisroel!

"Amazing" cancer therapy wipes out leukemia in study!

NEW YORK (AP) -- Scientists are reporting the first clear success with a new approach for treating leukemia - turning the patients' own blood cells into assassins that hunt and destroy their cancer cells.

They've only done it in three patients so far, but the results were striking: Two appear cancer-free up to a year after treatment, and the third patient is improved but still has some cancer. Scientists are already preparing to try the same gene therapy technique for other kinds of cancer.

"It worked great. We were surprised it worked as well as it did," said Dr. Carl June, a gene therapy expert at the University of Pennsylvania. "We're just a year out now. We need to find out how long these remissions last."

He led the study, published Wednesday by two journals, New England Journal of Medicine and Science Translational Medicine.

It involved three men with very advanced cases of chronic lymphocytic leukemia, or CLL. The only hope for a cure now is bone marrow or stem cell transplants, which don't always work and carry a high risk of death.

Scientists have been working for years to find ways to boost the immune system's ability to fight cancer. Earlier attempts at genetically modifying bloodstream soldiers called T-cells have had limited success; the modified cells didn't reproduce well and quickly disappeared.

That resulted in armies of "serial killer" cells that targeted cancer cells, destroyed them, and went on to kill new cancer as it emerged. It was known that T-cells attack viruses that way, but this is the first time it's been done against cancer, June said.

June and his colleagues made changes to the technique, using a novel carrier to deliver the new genes into the T-cells and a signaling mechanism telling the cells to kill and multiply.

The researchers described the experience of one 64-year-old patient in detail. There was no change for two weeks, but then he became ill with chills, nausea and fever. He and the other two patients were hit with a condition that occurs when a large number of cancer cells die at the same time - a sign that the gene therapy is working.

For the experiment, blood was taken from each patient and T-cells removed. After they were altered in a lab, millions of the cells were returned to the patient in three infusions.

"It was like the worse flu of their life," June said. "But after that, it's over. They're well."

The main complication seems to be that this technique also destroys some other infection-fighting blood cells; so far the patients have been getting monthly treatments for that.

Penn researchers want to test the gene therapy technique in leukemia-related cancers, as well as pancreatic and ovarian cancer, he said. Other institutions are looking at prostate and brain cancer.

Dr. Walter J. Urba of the Providence Cancer Center in Portland, Ore., called the findings "pretty remarkable" but added a note of caution because of the size of the study.

"It's still just three patients. Three's better than one, but it's not 100," said Urba, one of the authors of an editorial on the research that appears in the New England Journal.

What happens long-term is key, he said: "What's it like a year from now, two years from now, for these patients."

But Dr. Kanti Rai, a blood cancer expert at New York's Long Island Jewish Medical Center, could hardly contain his enthusiasm, saying he usually is more reserved in his comments on such reports.

"It's an amazing, amazing kind of achievement," said Rai, who had no role in the research.

One of the patients, who did not want to be identified, wrote about his illness, and released a statement through the university. The man, himself a scientist, called himself "very lucky," although he wrote that he didn't feel that way when he was first diagnosed 15 years ago at age 50.

He was successfully treated over the years with chemotherapy until standard drugs no longer worked.

Now, almost a year since he entered the study, "I'm healthy and still in remission. I know this may not be a permanent condition, but I decided to declare victory and assume that I had won."

Charlotte Gray killed Nazis with her bare hands and had a 5 million-franc bounty on her head. As she dies at 98, her extraordinary story

Passionate and impulsive, with a tendency to draw attention to herself, she was not the ideal undercover agent. Her superiors didn’t think she would last long behind enemy lines.

But Wake proved them wrong and died this week, aged 98, in a nursing home for retired veterans in London. Her death brought to an end a life of such daring, courage and glamour that she was the inspiration for the Sebastian Faulks novel Charlotte Gray, which was made into a film starring Cate Blanchett.

Much of Wake’s extraordinary life was lived under assumed identities. She carried papers as Nancy Fiocca (her married name) and Lucienne Cartier. Her official SOE identity was Andree, though a gay friend in the  service called her ‘Gertie’. On one operation she was tagged ‘Witch’.

But the best-known name was the one the Gestapo gave her when they put her on their ‘most wanted’ list, with a five million franc price on her head — that of ‘the White Mouse’, because she always managed to wriggle out of their traps.

Read more: http://www.dailymail.co.uk/femail/article-2023973/Blisteringly-sexy-killed-Nazis-bare-hands-5-million-franc-bounty-head-As-dies-98-extraordinary-story-real-Charlotte-Gray.html#ixzz1UZO7DdeZ

Listen Jewish Voters: Your President doesn't want Jews to build houses in their own country!

Can you imagine if Bibi Netanyahu would tell Obama that he is opposed to Americans building houses in New York City? 
Well here we have a clueless President pressuring Israel to stop building in Jerusalem, in their own country.....
Last week, an Israeli planning commission approved 930 new housing units in the Har Homa neighborhood in east Jerusalem. Actual building is at least two years off.

The Obama administration says it is "deeply concerned" by Israeli approval of new housing construction in east Jerusalem.

The State Department says such "unilateral actions work against efforts to resume direct negotiations" and the spirit of the peace process. In a statement, the department says it has raised its objections with the Israeli government. What Chutzpah!

London Police Lose Total Control of Streets, Riots for Third Day!

Click Link:ABC News
Riots spread across UK...


Click Link:Daily Mall
Rioters rob people on street, force them to strip naked...


Click link:BBC News
'Showing the rich people we can do what we want'...


Click Link: Yahoo News
Cameron cancels vacation, recalls Parliament...


Click link: Daily Record
Plans to triple police...


Click link: Guardian
Gloves to come off, water cannons to come out...


Social Media used to spread the riots!


Watch how a man is beaten then robbed in broad daylight!

Dow Skids 600, Worst Day Since Credit Crisis

Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing economic jitters.

MAJOR U.S. INDEXES

.DJIA

10809.85

-634.76

-5.55%

.NCOMP

2357.69

-174.72

-6.9%

0

.SPX

1119.46

-79.92

-6.66%

0

The Dow Jones Industrial Average plunged 634.76 points, or 5.55 percent, to finish at 10,809.85, well below the psychologically-significant 11,000 mark. The move marks the blue-chip index's biggest point and percent drop since Dec. 1, 2008.

2,000 Year Old Menorah carved in stone found, contradicts the Chabad understanding of what the Menorah looked like.

A worker of the Israel's Antiquities Authority shows a menora carved on stone, that was found in what archaeologists say is a 2,000-year-old drainage tunnel leading to Jerusalem's Old City, at the IAA's offices in Jerusalem, Monday, Aug. 8, 2011. On Monday, archaeologists from the IAA presented a menora, a seven-branched Jewish candelabra that was one of the central features of the Temple, carved on stone, found during excavations of an ancient drainage tunnel beneath Jerusalem, late last month. The excavation of the tunnel has yielded new artifacts from a war here 2,000 years ago, archaeologists said Monday, shedding light on a key episode of the past buried under today's politically combustible city. (AP Photo/Sebastian Scheiner)

Now look at the Chabad menorah.... Note: that they never ever found any depiction of a menorah with the Chabad and the Rambam's understanding of how the menorah looked like ... all depictions found have the traditional understanding that the Menorah had curved arms

Chabad menorah with arms straight instead of the traditional view of curved arms.

(AP)Israel - Archaeologists say artifacts discovered in an ancient drainage tunnel under Jerusalem are left over from war 2,000 years ago. On Monday archaeologists presented a Roman legionnaire’s sword and sheath found in the tunnel late last month. They believe it dates to around 70 A.D., when Rome put down a Jewish revolt, razing the second biblical Jewish Temple and much of the city.

Accounts of the battle say Jewish rebels fled to tunnels in a futile attempt to escape the Romans.

Israel Antiquities Authority archaeologist Eli Shukron says diggers also found clay lamps, pots, and a bronze key. He thinks rebels left many of those items.

The newly excavated tunnel is part of a growing network of subterranean passages under the city.


Dusiznies Note:
 it is alot more difficult to carve a "U" in stone than a "V" ...So if the Bais hamikdash Menorah was in the shape of a "V" as Chabad proposes then why in the world would the stone carver want to carve the "U"????
The stone found days ago depicts the difficulty the stone carver had carving the Menorah as he saw it ...the "U" , he apparently had a hard time with it... so if the Menorah was in the shape of the "V" ...why carve the "U"?

Israeli Stock Exchange Narrowly Avoids Crash after USA Downgrade!

Tel Aviv shares closed nearly 7 percent lower on Sunday in the first response of a developed market to Standard & Poor's downgrade of the United States' credit rating that has sparked fears of another global recession.

The Israeli market along with a few emerging markets in the Middle East were the first to trade after S&P late on Friday cut the U.S. long-term credit rating by a notch to AA-plus from AAA due to concerns about the country's budget and climbing debt burden.

Israel's market is closed on Fridays and Saturdays.

The Tel Aviv market opening was delayed by nearly an hour as circuit breakers kicked in when shares fell more than 5 percent in pre-market trade.

The last time circuit breakers were used was on Sept. 21, 2008, after the collapse of Lehman Brothers, a stock exchange spokeswoman said.

The market fears the U.S. debt situation could spiral out of control and possibly lead to a "double-dip" economic recession, said Zach Herzog, head of international sales at the Psagot brokerage.

Asked by Channel 2 television if the downgrade was dangerous for Israel, Finance Minister Yuval Steinitz said: "It's not directly dangerous, but it's certainly a warning sign that the global crisis has not yet passed and we still have to navigate the Israeli economy through very rough waters."

"If the U.S. sinks into a recession, the Israeli economy can't come out of that unscathed. We are dependent on sending goods and services out," Herzog told Reuters, noting exports account for 45 percent of Israel's gross domestic product with two-thirds of exports going to the United States and Europe.

Obama clueless on the economy