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FINANCE
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|  | The shekel weakened in morning inter-bank trading today, January 21. The shekel-dollar exchange rate is up 0.48%.
| | | | | |  | | Karnes City sits on top of one of the largest shale formations in the world... The Eagle Ford shale is 50 miles wide and spans 400 miles through the entire state of Texas. | | | | | |  | The Israeli economy is in very good shape in global comparison and will grow by 3% in 2013, said Merrill Lynch Wealth Management chief investment officer for Europe, Middle East and Africa Bill O’Neill at a press conference in Tel Aviv today.
| | | | | |  | The shekel was sharply down against the dollar and the euro in morning inter-bank trading after Israel launched Operation Pillar of Defense in Gaza and southern Israel was hit by a barrage of rockets.
| | | | | |  | 45% of Israelis over the age of 20 cannot make ends meet, the Central Bureau of Statistics reported today.
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|  | | The United States extended nearly $4 billion in loan guarantees to Israel through 2016. As part of the deal, Israel must also hit certain economic targets regarding the size of budget deficits and levels of government spending. | | | | | | | | | Although Merrill Lynch reiterates its 2.9% growth forecast for 2013, it warns of risks. | | | | | |  | Hebrew daily "Ma'ariv" cites an internal Ministry of Social Affairs report that 80% of its budget for public institutions goes to haredi (ultra-orthodox) institutions, such as yeshivas of various kinds.
| | | | | |  | | In Israel, 43% of single-parent households were at risk of poverty in 2010. The risk of poverty among Israeli children was 40% - double the EU average of 20%. | | | | | |  | In an interview with "Bloomberg", Stanley Fischer said that Prime Minister Benjamin Netanyahu's early elections decision was "the right move".
| | | | | |  | The new Apple smartphone, which sells for $700 in the US, will cost at least double in Israel when it arrives in December.
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