The committee, tasked with drafting a plan to lower the cost of living, calculated this based on average home prices in 1987, before the major wave of immigration from the Soviet Union began.
Eytan Avriel is a co-founder of TheMarker, the business newspaper of the Haaretz Group. He is also the chief editor of TheMarker.com.
Budget cuts are good, but not when they depress investment, and they rarely encourage growth in the short run.
Global financial systems are mired in a confidence crisis, with one consequence being the flight of speculative investments and funds into familiar financial safe havens.
Sharing Israel's Wealth Among a Wider Swath of Population: Concentration Committee to Present Interim Report Today
The committee will present their report on what to do to reduce economic concentration to Prime Minister Benjamin Netanyahu and Finance Minister Yuval Steinitz Monday morning.
The committee wants to change the culture of competition of the entire economy, willing to do the dirty work, recommending a long list of reforms.
Government bonds: safe haven or risky loan to a capricious tyrant?
According to Zelekha, 'There has to be a dramatic change in how taxes are structured.'
Whence the sudden outpouring of love for taxes among the wealthy?
Israel's government is appointing a committee to lower the cost of buying and maintaining a car for the second time in its history.
Investors, and Barack Obama, still have faith in American bonds.