By Rabbi Marvin Hier, founder and dean of the Simon Wiesenthal Center
It’s no secret to anyone that relations between the United States and Israel reflect a new reality and are not what they once were. The last few months have seen a worldwide frenzy of intimidation and threats directed against Israel that has backed its supporters into a corner. Very few have raised their voices in response.
For this reason, the Simon Wiesenthal Center has produced a new brochure, “2010 Top Ten Anti-Israel Lies,” that we will be distributing to millions of people worldwide. The brochure also provides contact information for U.S. and world leaders and key news bureaus.
Here is a condensed summary of the 10 top lies and the center’s responses:
Lie No. 1: Israel was created by European guilt over the Nazi Holocaust. Why should Palestinians pay the price?
Three thousand years before the Holocaust, before there was a Roman Empire, Israel’s kings and prophets walked the streets of Jerusalem. The whole world knows that Isaiah did not speak his prophesies from Portugal, nor Jeremiah his lamentations from France. Revered by its people, Jerusalem is mentioned in the Hebrew Scriptures 600 times, but not once in the Koran. Throughout the 2,000-year exile of the Jews, there was a continuous Jewish presence in the Holy Land.
Lie No. 2: Had Israel withdrawn to its June 1967 borders, peace would have come long ago.
Since 1967, Israel repeatedly has conceded “land for peace.” Following Egyptian President Sadat’s historic 1977 visit to Jerusalem, Israel withdrew from the vast Sinai Peninsula and has been at peace with Egypt ever since. But the Palestinian Authority has never fulfilled its promise to end propaganda attacks nor drop the Palestinian National Charter’s call for Israel’s destruction. In 2000, Prime Minister Barak offered Yasser Arafat full sovereignty more than 97 percent of the West Bank, a corridor to Gaza, and a capital in the Arab section of Jerusalem. Arafat said no.
Lie No. 3: Israel is the main stumbling block to achieving a two-state solution.
The Palestinians themselves are the only stumbling block to achieving a two-state solution. With whom should Israel negotiate? With President Abbas, who for four years has been barred by Hamas from visiting 1.5 million constituents in Gaza? With his Palestinian Authority, which continues to glorify terrorists and preaches hate in its educational system and the media? With Hamas, whose Iranian-backed leaders deny the Holocaust and use fanatical Jihadist rhetoric to call for Israel’s destruction?
Lie No. 4: Nuclear Israel, not Iran, is the greatest threat to peace and stability.
The United States and Europe can afford to wait to see what the Iranian regime does with its nuclear ambitions, but Israel cannot. Israel is on the front lines and remembers every day the price the Jewish people paid for not taking Hitler at his word. Israel is not prepared to sacrifice another 6 million Jews on the altar of the world’s indifference.
Lie No. 5: Israel is an apartheid state deserving of international boycott, divestment and sanctions campaigns.
In fact, Israel is a democratic state. Its 20 percent Arab minority enjoys all the political, economic and religious rights and freedoms of citizenship, including electing members of their choice to the Knesset (Parliament).
Lie No. 6: Plans to build 1,600 more homes in East Jerusalem prove Israel is “Judaizing” the Holy City.
Ramat Shlomo was not about Arab neighborhoods in East Jerusalem but about a long established, heavily populated Jewish neighborhood in northern Jerusalem, where 250,000 Jews live (about the size of Newark, N.J.) — an area that will never be relinquished by Israel.
Lie No. 7: Israeli policies endanger U.S. troops in Afghanistan and Iraq.
A resolution of the Palestinian-Israeli conflict would benefit everyone, including the United States. But an imposed return to what Abba Eban called “1967 Auschwitz borders” would endanger Israel’s survival and ultimately be disastrous for American interests and credibility in the world.
Lie No. 8: Israeli policies are the cause of worldwide anti-Semitism.
From the Inquisition to the pogroms, to the 6 million Jews murdered by the Nazis, history proves that Jew hatred existed on a global scale before the creation of the State of Israel. It would still exist in 2010 even if Israel had never been created. For example, one poll indicates that 40 percent of Europeans blame the recent global economic crisis on “Jews having too much economic power” — a canard that has nothing to do with Israel.
Lie No. 9: Israel, not Hamas, is responsible for the “humanitarian catastrophe” in Gaza. Goldstone was right when he charged that Israel was guilty of war crimes against civilians.
The United Nations Human Rights Council is obsessed with false anti-Israel resolutions. It refuses to address grievous human rights abuses in Iran, North Korea, Sudan, Saudi Arabia, Cuba and beyond. Faced with similar attacks, every U.N. member-state, including the United States and Canada, surely would have acted more aggressively than the Israel Defense Forces did in Gaza.
Lie No. 10: The only hope for peace is a single, binational state eliminating the Jewish State of Israel.
The one-state solution is a non-starter because it would eliminate the Jewish homeland. However, the current pressures on Israel are equally dangerous. In effect, the world is demanding that Israel, the size of New Jersey, shrink further by accepting a three-state solution: a P.A. state on the West Bank and a Hamas terrorist one in Gaza. All this as Hezbollah, Iran’s proxy in Lebanon, stockpiles 50,000 rockets, threatening northern and central Israel’s main population centers. Current polls show that while most Israelis favor a two-state solution, most Palestinians continue to oppose it.
Full versions of the brochure are available by e-mailing toptenlies@wiesenthal.net or calling (800) 900-9036. The online edition is available at http://www.wiesenthal.com/toptenlies.

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Some of the Reasons to Invest in Israel
Categories: General Commentary, Israel
By Yoram Ettinger
1. According to TopForeignStocks.com (May 2, 2010), Some of the reasons to invest in Israel are:
*The banking sector remained stable during the global credit crisis and emerged strong last year. Unlike many banks in the West, none of the banks had any large sub-prime exposure and needed to be bailed out by the state. The five largest banks - Hapoalim group, Bank Leumi Bank, Discount Bank, Mizrahi-Tfahot Bank group and First International Bank - are all well capitalized and their capital adequacy ratio is much higher than the minimum required by Basel standards.
*Israel runs a current account surplus. In 2009, the current account soared 243% to $7.2 billion.
*By the end of this month MSCI will upgrade Israel to a developed market [OECD]. Hence Israel will join this select group of 23 other developed countries in the index.
*The high-tech industry forms a large part of the Israeli economy. While Germany is known for engineering, Israel can be called as a high-tech powerhouse. Some have called the incredible growth of the hi-tech industry in a short period of time as a hi-tech miracle. The country is a global leader in many hi-tech sectors such as electronics, generic pharmaceuticals, biotechnology and aeronautics. Export of products by the hi-tech industry has grown at an annual rate of 8.5% in the last five years. In March 2010, the sector brought in $2.1B in export revenue. In the manufacturing sector, sale of hi-tech products forms the largest source of export revenue as the chart for 2008 shows below.
*Israel has the largest number of companies listed on the NASDAQ than any other country except Canada. This is very significant considering the country’s population is relatively small compared to many other countries such as India, China, Brazil, UK, France, etc.
*A December, 2009 Bank of America Merrill Lynch report titled “Playing Defense” recommended Israel as an attractive investment destination and recommended companies especially in the banks and telecom sector.
According to Merrill Lynch, some of the reasons for investing in Israel were the strong currency vs. the US dollar, the resilient economic performance among other emerging markets and the strong leadership performance shown by The Bank of Israel and Israel’s Ministry of Finance in handling the economy.
*The rate of investment in research and development as percentage of GDP in Israel is the highest in the world. High R&D spending coupled with a highly skilled and educated workforce spawns hundreds of start-ups producing many successful commercial products. Israel has the highest number of scientists and engineers per capita in the world. Hence one of the areas where Israel excels compared to other OECD countries is the Information and Communication Technologies (ICT) sector which forms a considerable portion of exports. Little wonder that after Silicon Valley, Israel has the highest concentration of start-ups anywhere in the world.
*Many of Israel’s leading multinational companies weathered the credit crisis and continue to expand both domestically and abroad. Companies like Teva Pharmaceuticals (TEVA), the world’s largest generic drug maker, generate most of their earnings from overseas markets. The Top 25 Israeli multinationals had over US $40B in foreign sales including exports) in 2008. The top five firms in this category are Israel Corporation, Elco Holdings, Teva, Amdocs (DOX) and Ormat (ORA).
*Some of the other factors that make Israel an attractive destination for investment are: general government consumption accounts for a small portion of the total GDP, relative low unemployment rate, stable and growing housing market, very low growth in debt to GDP during 2009, the Tel-Aviv 25 Index beating the S&P 500 over the last five years, etc.
2. The $1.8BN NY-based private equity fund, Pegasus Capital Advisors, has increased its Israel-dedicated fund by $150MN, focusing on water technologies, alternative energy and homeland security technologies. Pegasus invested $100MN in Israeli companies during 2005-8, acquiring controlling interest in 5 companies (Globes business daily, April 5, 2010).
3. The European Union’s Seventh Framework Programme (FP7), which supports exceptional R&D projects, awarded 17MN Euros to 34 Israeli companies and researchers. The total received by Israeli companies and academic researchers, from the FP7 amounts to 290MN Euros (Globes, May 3).
4. Canada’s Enablence has acquired Israel’s Teledata for $50MN (Globes, April 16). Google made its 1st Israeli acquisition - LabPixies for $25MN (April 28).