Obama Cuts Holiday Short to Deal with Fiscal CliffDespite weeks of negotiations, Obama has yet to reach a budget deal with congressional Republicans to slash the deficit.
Two Large Israeli Tech Companies Announce LayoffsCellphone company Partner, and microprocessor designer and maker Freescale are laying off workers.
Euro Zone Slips Back to RecessionEurope is slipping into a recession, according to data revealed by the European Central Bank on Wednesday.
Afraid of a Recession? Move to IsraelThe US “slow growth” era wavers on the edge of a recession, but Barclay’s predicts the Israel economy will grow by 2.5 percent in 2012.
Iran Warns Blockade Means a Worldwide RecessionIran pulled out its “oil card” Sunday, warning the West that blockading Iranian crude will result in sky-high prices at the pump.
Despite Recession Fears, Govt. Officials Get Fat RaisesThe world's economic problems are likely to affect Israel soon, PM Netanyahu says - a day before he and other officials get salary raises.