The Jerusalem Post comments on the Israeli economy in the context of the global economy today: "The fact that we weathered the 2008 crisis better than most doesn’t mean that this is the assured outcome of what may be upon us now. The one conclusion we can safely draw from 2008 is that those who panicked lost heavily. To some extent all Israeli households are invested in our markets, even if via comparatively conservative bond holdings by pension, mutual, prudential and trust funds. Those who rushed to get out three years ago, when their funds hit their nadir, denied themselves the bounceback that occurred only a few months afterward. Alarm is never sound counsel. Not only can patience pay off but impetuosity can turn down-slides into avalanches, inflicting more pain than is inevitable. If anything, this is the time for extra-strong nerves, restraint and caution."
Yediot Aharonot says that Turkish Prime Minister Erdogan "is the ‘new sultan of the neo-Ottoman Middle Eastern Empire’, as some are calling him – but the truth about his kingdom is something else entirely. No economic power stands before us, but rather a country whose credit bubble is about to burst and take its economy with it."
Ma’ariv notes that "a decade after the attack on the World Trade Center – the doomsday scenario of terrorism taking over and a united Islamic front against the West did not materialize."
Yisrael Hayom, in the wake of recent statements by Jordanian King Abdullah II, argues that, "Even if he tries in such a transparent and banal way to use Israel as a scapegoat, we do not need to panic or be overcome by the ‘Apocalypse Now’ syndrome that grips us every time an Arab or Muslim leader decides to open his mouth and threaten Israel, even if this trend is spreading. The Jordanian kingdom is still a moderate neighbor. Abdullah’s warning, to the extent that it attests to the strength of his regime, indeed must be used as a warning sign. The king is under pressure. He is in trouble. Difficult days of instability are liable to fall on our eastern neighbor. We must not fan the flames by a haphazard conduct of affairs on our part, but it is important to remember that we did not ignite it and we do not control it."
Haaretz writes: "The High Court’s decision on Tuesday to uphold the petition by Ahmed and Fatina Zabeidat against the Rakefet communal village in the Misgav regional council, and against the Israel Lands Administration, is a welcome step, and accords with the Kadan High Court ruling and the Basic Law on Human Dignity and Liberty. The Misgav regional council has announced that its members accept the ruling, and will act to implement it. Within the Misgav council there is an impressive group of Jewish residents which contests the discriminatory exclusion of Arabs, and adamantly opposes the institution of admissions committees. The High Court decision provides genuine reinforcement to this group which seeks change, and neighborly relations with Arabs. It can be hoped that they will develop a new way of cooperative living between Arabs and Jews in the Galilee."
[Guy Bechor, Rubik Rosenthal and Eli Avidar wrote today’s articles in Yediot Aharonot, Ma’ariv and Yisrael Hayom, respectively.]