Uncategorized – Page 33 – Prologue Journal

Israel stocks slip on SVB failure, government vows aid for tech firms

Jerusalem Post Israel’s tech sector is the country’s main growth engine and its relationship with the Silicon Valley region is strong. Many Israeli startups had accounts at SVB although the amounts are unconfirmed. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734059

Silicon Valley Bank fallout starts to spread around the world

Jerusalem Post SVB had branches in Canada, the UK, China, Denmark, Germany, India, Israel and Sweden, and the scenes coming out of California are just the beginning. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734050

‘History will hold Donald Trump accountable’ for Jan. 6, Pence says

Jerusalem Post Pence, who is considering a run for the Republican nomination for the 2024 presidential election, was whisked to safety by law enforcement during the attack. https://www.jpost.com/american-politics/article-734043

Silicon Valley Bank collapses, largest failure since 2008 crisis

Jerusalem Post Netanyahu says he is closely following the events. https://www.jpost.com/business-and-innovation/article-734023

Elon Musk: Capitol rioter QAnon Shaman must be freed from prison

Jerusalem Post Despite Musk’s claims of false portrayal in the media, the QAnon Shaman plead guilty in September 2021 to obstructing an official proceeding when he stormed the US Capitol. https://www.jpost.com/american-politics/article-733993

Biden challenges Republicans with budget that raises taxes on rich, sets up 2024 run

Jerusalem Post The Democratic president will highlight plans to cut the nation’s deficit by nearly $3 trillion over 10 years by raising taxes on those earning more than $400,000 a year. https://www.jpost.com/american-politics/article-733859

Top US Senate Republican McConnell recovering in hospital after accident

Jerusalem Post Currently serving his seventh term, which runs through 2026, McConnell is the third US senator to be hospitalized in recent weeks. https://www.jpost.com/american-politics/article-733820

Biden’s pick to lead World Bank, Ajay Banga, is gaining support

Jerusalem Post Ajay Banga, an Indian-born American former business executive, is gaining momentum to head the World Bank. https://www.jpost.com/business-and-innovation/banking-and-finance/article-733787

Israel faces ‘long-term economic risk’ due to judicial reform – Moody’s

Jerusalem Post “If implemented in full, the proposed changes could materially weaken the strength of the judiciary and as such be credit negative,” the agency said. https://www.jpost.com/business-and-innovation/banking-and-finance/article-733655

Israeli credit market is growing, and Magen Credit just raised NIS 117m.

Jerusalem Post As Israel’s credit market grows in the wake of 2019’s implementation of credit scores, some hefty funds are flying into the sprouting sector. https://www.jpost.com/business-and-innovation/banking-and-finance/article-733607