Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : War -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (1483)	5/25/2001 1:30:24 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 23908

Very little... Jordan mainly treated the West Bank as a colony, extracting 40% of their GDP from that region, but not investing much into it. The Palestinian in East Jerusalem alone were contantly short of water because the Jordanian never invested in a water system similar to what the Israelis built for themselves. 6 month after the Israelis occupied the West Bank, they were hooking up 50 Arab households per week to the Israel water system, as well a paving miles of streets in the old city. They also planted thousands of trees and installed thousands of street lights (necessary for security at night). But even right now the Palestinians are HEAVILY dependent on jobs in Israel proper. But if Israel shuts down the border permanently these people will be without jobs and will probably start carrying guns instead. palecon.org The Palestinians can't ignore the fact that over 20% of their people are directly employed by the Israelis, or directly dependent upon Israeli trade: miftah.org "125,000 Palestinians previously working in Israel are currently unemployed due to the Israeli-imposed closures, and the loss of their permits to enter areas inside Israel. Another 150,000 Palestinians working within the West Bank and the Gaza strip are also left unemployed due to the closures. The average Palestinian worker in Israel was earning about NIS 110 or about USD 27.50 daily. As a group, these workers (125,000) were earning approximately USD 3.4 million each day. The impact of the closures has forced more than 100,000 Palestinian families to survive on less than NIS 8 (USD 2) per day. Although workers previously employed within Palestinian areas are better off than those employed in Israel, they are just surviving above or below poverty levels. The continuation of Israeli closures in 2001 would result in a severe GNP shortfall of about USD 1.7 billion, a decrease by 27% in per capita income, and a rise of 43.7% in the percentage of Palestinians living below the poverty line."