Word: shekel
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...money. So I sold my wedding jewelry and the TV. Now, we're selling the furniture. Next, our clothes." For Abed and a million other Palestinians, the question of whether or not they should co-exist with Israel has been reduced to something far more elemental: finding a shekel or two so they can feed their family a plate of beans. -With reporting by Jamil Hamad/Bethlehem
...stocks as a hedge against inflation, which was then surging higher than 100%. The banks encouraged this speculation and helped drive up the stock prices by buying their own shares on the Tel Aviv exchange. By October 1983, bank-stock prices had reached unsustainable levels. When fear of a shekel devaluation led some investors to sell stocks in order to buy U.S. dollars, the value of bank shares plunged by one-half...
Hollow or hallowed, the Temple was a formidable economic engine. Although only 2 million of the ancient world's 5 million Jews lived in the region, all were expected to pay a yearly half-shekel Temple tax. Historians have not definitively established a shekel's worth, but certainly the total earnings were great. At the three pilgrimage holidays, the economy shifted into overdrive. Jewish law required that sacrificial animals and grain offerings be "unblemished." Rather than risk spoilage along the way, most pilgrims raised the sacrificial goods at home, sold them and used the proceeds to buy fresh items...
...what can we really expect now that the "unelectable" Sharon is in charge? This is, apparently, the ten-million shekel question right now, but there are a few easy answers I think we can rule...
...same time, the blatant discrimination Arabs suffer in Israeli society makes the community fertile ground for radicalism. For every shekel the central government spends on an Arab citizen, it spends 2.5 on a Jewish one. While 11% of Israel's Jews live below the poverty line, 52% of its Arabs do. No Arab has ever been a full Cabinet minister, and even the Prime Minister's adviser on Arab affairs is and always has been...