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ISRAEL AT WAR - DAY 617

Jacob Frenkel

A building damaged in a rocket attack in Tel Aviv on October 27, 2023. (Courtesy)
October 30, 2023, 1:53 pm
Warning of crisis, 300 economists urge government to reallocate nonessential spending
In letter to Prime Minister Netanyahu and Finance Minister Smotrich, senior economists call for changing budget priorities and stopping previously planned discretionary allocation
By Sharon Wrobel
An anti-overhaul protest in Tel Aviv on July 29, 2023. (Amir Goldstein)
July 29, 2023, 11:28 pm
‘Damage is enormous’: Over 200,000 at first weekend rallies since overhaul law passed
Protest leader Bressler: ‘Masks have finally come off’ with 1st law’s enactment; ex-central bank chief Frenkel: ‘Government must come to its senses’; car rams protester in Tel Aviv
By ToI Staff
Former Bank of Israel chief Jacob Frenkel speaks to Channel 12 on July 28, 2023. (Channel 12 screenshot: used in accordance with Clause 27a of the Copyright Law)
July 29, 2023, 5:43 pm
Ex-Bank of Israel head warns investors lining up to pull funds amid overhaul turmoil
Jacob Frenkel predicts economic ‘catastrophe’ if further judicial legislation advances without consensus, says Netanyahu now ‘on the list of people’ that Moody’s doesn’t believe
By ToI Staff
Illustrative: A sign for Moody's Corp. in New York, August 13, 2010. (AP Photo/ Mark Lennihan/ File)
April 16, 2023, 4:30 pm
Dismissing Moody’s downgrade, Smotrich says any economic damage is fault of protests
Outgoing securities chief: ‘Ignoring risks undermines confidence in Israeli market’; economist warns: Israel set to be on investors’ and credit rating agencies’ ‘watch list’
By Sharon Wrobel
Demonstrators block a highway during a protest against plans by Prime Minister Benjamin Netanyahu's government to overhaul the judicial system, in Tel Aviv, Israel, March 16, 2023. (AP/Ohad Zwigenberg)
March 18, 2023, 8:12 am
‘Step up the pressure’: Demonstrators prepare for 11th week of escalating protests
Tel Aviv anti-overhaul rally to kick off with national anthem sung by teen girl whose performance was nixed over ultra-Orthodox man in audience; ex-Bank of Israel chief to speak
By ToI Staff
Former Bank of Israel chief Jacob Frenkel, left, during a Channel 12 interview of February 22, 2023. (Screenshot: Channel 12; Used in accordance with Clause 27a of the Copyright Law)
February 23, 2023, 11:48 am
Ex-Bank of Israel chief warns government’s moves harming economy, weakening shekel
‘Wake up before the country goes downhill’: Jacob Frenkel escalates rhetoric against ‘irresponsible’ advance of legal overhaul, threat to central bank’s independence
By Michael Bachner
Israelis protest against government plans to overhaul the judicial system outside the Knesset, with the Bank of Israel headquarters seen in the background, February 20, 2023. (AP/Ohad Zwigenberg)
February 23, 2023, 3:04 am
Central bank chief said to call urgent meeting as financial system wobbles
Reported emergency summit of Financial Stability Committee comes after shekel weakens to lowest point in years, compounding worries over rising rate hikes, judicial makeover push
By ToI Staff
Former Bank of Israel governor Jacob Frenkel speaks to Channel 12, January 22, 2023. (video screenshot; used in accordance with Clause 27a of the Copyright Law)
February 4, 2023, 10:45 pm
Ex-Bank of Israel chief slams PM for ignoring warnings on overhaul’s economic danger
Jacob Frenkel, who later chaired JP Morgan’s international business, says PM shouldn’t brush off concerns expressed by US banking giant: ‘There’s a danger of losing everything’
By ToI Staff
A combination of photos showing former Bank of Israel governors Karnit Flug (L) and Jacob Frenkel. (Yonatan Sindel and Yossi Zeliger/Flash90)
January 22, 2023, 10:49 pm
Ex-Bank of Israel chiefs warn judicial overhaul ‘could deal severe blow’ to economy
Jacob Frenkel, Karnit Flug say ‘strength of judicial system a central factor determining Israeli economy’s status in world’; dozens of companies plan strike Tuesday
By ToI Staff and Sharon Wrobel
Outgoing vice chair of the US Federal Reserve, Stanley Fischer. (Miriam Alster/Flash90)
September 1, 2019, 9:46 pm
Former Fed vice chair Stanley Fischer says Trump ‘doesn’t understand trade’
Speaking in Tel Aviv, Fischer says he is ‘very, very worried’; the US-China trade war ’causes a lot of damage to the world economy’
By Shoshanna Solomon
Karnit Flug (photo credit: Yonatan Sindel/Flash90/File)
October 27, 2013, 1:45 pm
Cabinet approves Karnit Flug as Bank of Israel chief
Acting governor, first woman to fill position, selected after previous nominees were mired in scandal
By Lazar Berman and Marissa Newman
Newly nominated Bank of Israel governor-designate Karnit Flug delivers a statement to the media outside the central bank's headquarters in Jerusalem, October 20, 2013. (photo credit: Yonatan Sindel/Flash90)
October 24, 2013, 7:57 pm
Flug nomination wins nod from top vetting panel
First female governor of the Bank of Israel set to be approved by cabinet vote Sunday after receiving Turkel committee approval
By Marissa Newman
Karnit Flug (Photo credit: Yonatan Sindel/Flash90)
September 4, 2013, 1:25 pm
Acting bank governor says sexism may be behind PM snub
Karnit Flug thinks Benjamin Netanyahu should explain why he overlooked her for top spot at Bank of Israel
By ToI Staff
Mario Blejer (Screenshot)
August 12, 2013, 2:20 am
New runner for BOI chair an old hand at central banking
Mario Blejer helped steer Argentina through one of its greatest economic crises, and aided the former Soviet Union in dealing with the fiscal implications of its breakup
By David Shamah
(From left) Jacob Frenkel, Prime Minister Benjamin Netanyahu, Finance Minister Yair Lapid and outgoing Bank of Israel Governor Stanley Fischer at a press conference in the Knesset in Jerusalem, on June 24, 2013. (photo credit: Miriam Alster/Flash90)
August 8, 2013, 10:11 pm
PM settles on new candidates for central bank chief
After Frenkel and Leiderman withdraw amid scandals, names of four more senior economists to be sent to the vetting committee
By Asher Zeiger
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