Thursday, May 02, 2013

PM: Referendum Before Any Deal With the PA

by David Lev

At a meeting Thursday with Swiss Foreign Minister Didier Burkhalter, Prime Minister Binyamin Netanyahu said that if a peace deal was worked out with the Palestinian Authority, Israelis would have a chance to voice their opinions of it in a referendum. “In Hebrew there is a saying, that 'Israel is not Switzerland.'” Netanyahu told his guest. “The point is that we live in very different neighborhoods. Your neighborhood is more calm and less challenging, but I don't know one Israeli who would change his country for any other.”





With that, Netanyahu told Burkhalter, “there are a number of things we could learn from you, and one of them is the referendum.” Unlike Switzerland, however, Israel would conduct a referendum on just one issue – a potential agreement with the PA that would entail Israel surrendering a portion of Judea and Samaria to a PA state.



In response, Burkhalter said that he was happy to be in Israel, and that if Netanyahu visited Switzerland, “to which you are invited, we will be happy to present to you our referendum system, which we have been conducting for many years. It doesn't matter when you come, there will be a referendum going on.”








2. Buffett: Israel a Top Place for Ideas, Investments
by David Lev Buffett: Israel a Top Place for Ideas, Investments

In an interview with Yisrael Hayom, American investor Warren Buffett effusively praised Israel as a great place to invest in advanced technologies and ideas. “Israel is the best place to invest because of its people,” Buffett said. “There is no other place with such high quality people, with the motivation and abilities” that Israelis have. This was especially true, he said, in Iscar, the Israeli company Buffett acquired a majority control of in 2006.



At the time, Buffett bought 80% of Iscar, spending about $4 billion. On Wednesday, Buffett announced that he was buying the rest of the company, for about $2 billion. It was a most worthwhile investment, he said in the interview. “From my dealings with Iscar and from what I can see here, I can say that Israel has a very positive future. Iscar will never slow down, even if there is a slowdown in the world economy. Iscar does not stop coming out with new products and providing them to customers. With great management like you have in Iscar, you just sit back and let the car drive by itself. You don't have to do anything other than to rely on good managers,” Buffett said.



“Israel needs to continue doing what it does,” Buffett said. “You are a nation of entrepreneurs with fantastic capabilities. You need to continue providing the best and most comfortable conditions for investors. This is the responsibility of the government, which ensures a positive climate for investors.



When asked if he would consider investing in more Israeli companies in the future, Buffett, one of the world's richest men, said he was always looking for good investments. “I am always interested. I'm waiting for a phone call or offer. You got one?”

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