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US offers $10bn in aid

Carlisia Campos
sanitation engineer
Ranch Hand

Joined: Aug 22, 2001
Posts: 135
"The US offers $10bn in aid to help Israel out of the worst economic crisis since the country was created."
Headline on BBC News today.
I'm just wondering... what about our economic crisis???


i blog here: carlisia.com
John Lee
Ranch Hand

Joined: Aug 05, 2001
Posts: 2545
I look at it this way: 10 billion is not big deal to US economy (GDP ~10 trillion). If Israeli economy really goes bad, then the consequency costs much more than 10 billion, perhaps?
Carlisia Campos
sanitation engineer
Ranch Hand

Joined: Aug 22, 2001
Posts: 135
Ok, good point. But how do you go about deciding for which country a 10biUSD is going to make a difference? If we look around, there are plenty of countries with a bad economic crisis.
Wait, don't tell me. I thin I know the answer.
And unfortunately, the way this government approaches policy making, I don't expect the US to have a long lasting recovery so soon. Maybe not in the next decade.
Michael Bronshteyn
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Joined: Mar 26, 2002
Posts: 85
Carlisia, what's your point?


Michael
SCJP2
Vitor Belfort
Ranch Hand

Joined: Jul 27, 2002
Posts: 30
10 billion in loans? What's the source?
Why doesn't Israel talk to the IMF(Interantional Monetary Fund)...... ripp off
John Lee
Ranch Hand

Joined: Aug 05, 2001
Posts: 2545
Originally posted by Carlisia Campos:
"The US offers $10bn in aid to help Israel out of the worst economic crisis since the country was created."

$10bn in aid, so I guess, most likely, it is in the form of goods or even weapon. It could also be donation, I heard donation to Israel is tax exampt. But of course, I have never done that before.
Mark Herschberg
Sheriff

Joined: Dec 04, 2000
Posts: 6037
Well, this might be boarderline Meaningless Drivel, but as long as the discussion satys on economics, seems like a valid Job Discussion topic to me.
Originally posted by Vitor Belfort:
Why doesn't Israel talk to the IMF(Interantional Monetary Fund)...... ripp off

I guess it didn't talk to the US for a few reasons...
1) The IMF usually makes loans as a last restor, i.e. to prevent currency collapses. Israel is no where close to that.
2) The IMF loans usually come with lots of strings attached. I doubt the US loans had as many restrictions.

Originally posted by Carlisia Campos:
Ok, good point. But how do you go about deciding for which country a 10biUSD is going to make a difference? If we look around, there are plenty of countries with a bad economic crisis.

Well, there are a number of factors which go into this, not all of which are economic. Economically speaking, if there is economic turmoil is a "keystone" country, it could destabalize all the currency in a region. In other words, the trouble may spread. They basically to look at the depth and scope of the impact is the economy continues to go south. There is also self interest, Israel does a lot of trade with the US, and so if they have torubles, it may have some influence on the US economy.
There may be geo-political issues as well... weak economies may hurt military positions of certain countries and can have political implications in a region. (I state this in generic terms, because I don't want to get into a discussion on US foreign policy in this forum.)
--Mark
 
It is sorta covered in the JavaRanch Style Guide.
 
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