Hevrat HaOvdim
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Hevrat HaOvdim
Histadrut, or the General Organization of Workers in Israel, originally ( he, ההסתדרות הכללית של העובדים בארץ ישראל, ''HaHistadrut HaKlalit shel HaOvdim B'Eretz Yisrael''), is Israel's national trade union center and represents the majority of Israel's trade unionists. Established in December 1920 in Mandatory Palestine, it soon became one of the most powerful institutions in the Yishuv (the body of Jewish residents in the region prior to the establishment of the state). Today, it has 800,000 members. History The Histadrut was founded in December 1920 in Haifa to look out for the interests of Jewish workers. Until 1920, Ahdut HaAvoda and Hapoel Hatzair had been unable to set up a unified workers organisation. In 1920, Third Aliyah immigrants founded Gdud HaAvoda and demanded a unified organization for all Jewish workers, which led to the establishment of the Histadrut.Z. Tzahor, "The Histadrut", in ''Essential papers on Zionism'', 1996, ...
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Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea, and shares borders with Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. Israel also is bordered by the Palestinian territories of the West Bank and the Gaza Strip to the east and west, respectively. Tel Aviv is the economic and technological center of the country, while its seat of government is in its proclaimed capital of Jerusalem, although Israeli sovereignty over East Jerusalem is unrecognized internationally. The land held by present-day Israel witnessed some of the earliest human occupations outside Africa and was among the earliest known sites of agriculture. It was inhabited by the Canaanites ...
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Agricultural Cooperative
An agricultural cooperative, also known as a farmers' co-op, is a cooperative in which farmers pool their resources in certain areas of activity. A broad typology of agricultural cooperatives distinguishes between agricultural service cooperatives, which provide various services to their individually-farming members, and agricultural production cooperatives in which production resources (land, machinery) are pooled and members farm jointly.Cobia, David, editor, ''Cooperatives in Agriculture'', Prentice-Hall, Englewood Cliffs, NJ (1989), p. 50. Examples of agricultural production cooperatives include collective farms in former socialist countries, the kibbutzim in Israel, collectively-governed community shared agriculture, Longo Maï co-operatives and Nicaraguan production co-operatives.
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Healthcare In Israel
Healthcare in Israel is universal and participation in a medical insurance plan is compulsory. All Israeli residents are entitled to basic health care as a fundamental right. The Israeli healthcare system is based on the National Health Insurance Law of 1995, which mandates all citizens resident in the country to join one of four official health insurance organizations, known as Kupat Holim (קופת חולים - "''Sick Funds''") which are run as not-for-profit organizations and are prohibited by law from denying any Israeli resident membership. Israelis can increase their medical coverage and improve their options by purchasing private health insurance. In a survey of 48 countries in 2013, Israel's health system was ranked fourth in the world in terms of efficiency, and in 2014 it ranked seventh out of 51. In 2020, Israel's health system was ranked third most efficient in the world. In 2015, Israel was ranked sixth-healthiest country in the world by Bloomberg rankings and ranked ...
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Universal Health Care
Universal health care (also called universal health coverage, universal coverage, or universal care) is a health care system in which all residents of a particular country or region are assured access to health care. It is generally organized around providing either all residents or only those who cannot afford on their own, with either health services or the means to acquire them, with the end goal of improving health outcomes. Universal healthcare does not imply coverage for all cases and for all people – only that all people have access to healthcare when and where needed without financial hardship. Some universal healthcare systems are government-funded, while others are based on a requirement that all citizens purchase private health insurance. Universal healthcare can be determined by three critical dimensions: who is covered, what services are covered, and how much of the cost is covered. It is described by the World Health Organization as a situation where citizens can ...
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Israeli Labor Party
The Israeli Labor Party ( he, מִפְלֶגֶת הָעֲבוֹדָה הַיִּשְׂרְאֵלִית, ), commonly known as HaAvoda ( he, הָעֲבוֹדָה, , The Labor), is a social democratic and Zionist political party in Israel. The party was established in 1968 by a merger of Mapai, Ahdut HaAvoda, and Rafi. Until 1977, all Israeli Prime Ministers were affiliated with the Labor movement. The current party leader is Merav Michaeli, who was elected in January 2021. The Labor Party is associated with supporting the Israeli–Palestinian peace process, pragmatic foreign affairs policies and social-democratic economic policies. The party is a member of the Progressive Alliance and is an observer member of the Party of European Socialists. The party was also a member of the Socialist International until May 2020. History Dominant political party 1968–1977 The foundations for the formation of the Israeli Labor Party were laid shortly before the 1965 Knesset elections ...
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1983 Israel Bank Stock Crisis
The bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. In previous episodes of share price weakness, the banks bought back their own stocks, creating the appearance of constant demand for the stock, and artificially supporting their values. By October 1983, the banks no longer had the capital to buy back shares and to support the prices causing share prices to collapse. The Tel Aviv Stock Exchange closed for eighteen days beginning October 6, 1983 whilst a recovery plan was implemented and the banks were nationalized. History During the 1970s, Bank Hapoalim, and its manager, Yaakov Levinson, began attempting to control the bank's stock price on the Tel Aviv Stock Exchange by recommending to their customers that they invest in the bank's stocks by fraudulently providing guarantees that the prices of shares in the banks would rise indefinitely. These investments allowed the bank to increase ...
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Clalit Health Services
Clalit, ( he, שירותי בריאות כללית, General Health Services; previously – , General Sick Fund), is the largest of Israel's four state-mandated health service organizations, charged with administering health care services and funding for its members. (All Israeli citizens resident in the country must be a member of one of the four providers.) Widely known as Kupat Holim Clalit, it was established in 1911 as a mutual aid society. When the State of Israel was founded in 1948, Clalit was instrumental in providing medical care for the massive influx of new immigrants. Today, it is the largest provider of public and semi-private health services in Israel. Under Israeli law, it is run as a not-for-profit entity. History The foundations for Kupat Holim Clalit were laid by the Judea Workers' Health Fund, established at a convention of the Federation of Workers in Judea in December 1911. Historically, Clalit was affiliated with the Histadrut labor movement. To be a membe ...
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ZIM (shipping Company)
Zim Integrated Shipping Services Ltd., commonly known as ZIM ( he, צים, ''tsim''; a biblical word meaning "a fleet of ships", Numbers 24:24), is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers. The company's headquarters are in Haifa, Israel; Originating in 1945, ZIM has traded on the New York Stock Exchange since 2021. From 1948 to 2004, it traded as ZIM Israel Navigation Company. History ZIM was founded on June 7, 1945, as the ZIM Palestine Navigation Company Ltd, by the Jewish Agency, the Israel Maritime League and the Histadrut (General Federation of Laborers in the Land of Israel). The first ship was purchased in partnership with Harris and Dixon (based in London) in 1947. This vessel was refurbished, renamed SS ''Kedma,'' and sailed to the future state of Israel in the summer of 1947. After the State of Israel was established in 1948, the company was renamed ZIM Israel Navigation Company Ltd. During its first ...
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Bank Hapoalim
Bank Hapoalim ( he, בנק הפועלים lit. ''The Workers' Bank'') is one of Israel's largest banks. History The bank was established in 1921 by the ''Histadrut'', the Israeli trade union congress (lit. "General Federation of Laborers in the Land of Israel") and the Zionist Organisation. The bank was owned by the ''Histadrut'' until 1983, when it was nationalized following the Bank Stock Crisis. The bank was held by the Israeli government until 1996 when it was sold to a group of investors led by Ted Arison. The bank has a significant presence in global financial markets. In Israel, it has over 600 ATMs (automated teller machines), 250 bank branches, 7 regional business centers, 22 business branches and industry desks for major corporate customers. The bank's stock is traded on the Tel Aviv Stock Exchange. At the end of 2015, the bank had 11,930 employees worldwide. It is controlled by Arison Holdings, owned by Shari Arison. Arison Holdings owns a total of 15.74 per ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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Labour Zionist
Labor Zionism ( he, צִיּוֹנוּת סוֹצְיָאלִיסְטִית, ) or socialist Zionism ( he, תְּנוּעָת הָעַבוֹדָה, label=none, translit=Tnuʽat haʽavoda) refers to the left-wing, socialist variation of Zionism. For many years, it was the most significant tendency among Zionists and Zionist organizations, and was seen as the Zionist sector of the historic Jewish labor movements of Eastern Europe and Central Europe, eventually developing local units in most countries with sizable Jewish populations. Unlike the "political Zionist" tendency founded by Theodor Herzl and advocated by Chaim Weizmann, Labor Zionists did not believe that a Jewish state would be created by simply appealing to the international community or to powerful nations such as the United Kingdom, Germany, or the former Ottoman Empire. Rather, they believed that a Jewish state could only be created through the efforts of the Jewish working class making ''aliyah'' to the Land of Israe ...
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