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October 25, 2013     Heritage Florida Jewish News
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October 25, 2013

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PAGE 2A By Ron Kampeas WASHINGTON (JTA)-- Janet Yellen is soft-spoken, tough, methodological, flex- ible-and Jewish. President Obama's an- nouncement last week that he had tapped Yellen, 67, to succeed Ben Bernanke as chairman of the Federal Reserve made news in part because she would be the first woman in the top spot. That very little was made of her Jewishness likely derives mostly from the fact that she would be not the first or second but at least the fifth Jewish chair of the US. central bank and the third in a row following Bernanke and Alan Greenspan. For the first Jewish Fed chairman, one has to go back to the 1930s, when the post was assumed by Eugene ( Facebook an- nounced the acquisition of the Israeli mobile analytics startup, Onavo, as part of a larger plan to reduce the number of people without Internet access. Facebook will also turn Onavo's Tel Aviv office into the company's first Israeli headquarters. Founded in 2010, Onavo focused on intelligence con- cerning mobile application data. According to the tech site AllThingsD, the services HERITAGE FLORIDA JEWISH NEWS, OCTOBER 25, 2013 Yellen's rise to Fed chief gains more attention for gender than faith Meyer, better known perhaps as the patriarch of the family that ran the Washington Post for eight decades. Yellen's Wikipedia entry lists her as Jewish based on a reference to a 2001 profile of husband George Akeriof, then a Nobel Prize-winning economist at the University of California, Berkeley. The article noted that the couple attended the Reform Congre- gation Beth El in the northern California city. Beyond that, Yellen's Jewish connections are not known. It's not clear if she and her husband are attached to any Washington-area synagogue and local Jewish religious leaders are unaware of any affiliation. The lone Jewish organization to note her nomination, the World Jewish Congress, made more of her gender than her faith. Profiles quoting her class- mates at Brown and Yale uni- versities and at Fort Hamilton High School in her native Brooklyn, N.Y., depict her as a soft-spoken nerd. Her parents were Jewish, but one classmate's memory of her Brooklyn home evokes an upbringing focused on all-American traditions. Her room, Anna Blumenthal, was a den mother to Cub Scouts, Rich Rubin told Reuters. Yellen, who in the 1990s chaired President Bill Clin- ton's Council of Economic Advisers, went on to become president of San Francisco's Federal Reserve Bank from 2004 to 2010. Obama named her the vice chairwoman of the Federal Reserve in 2010. News reports about Yellen have focused on her similari- ties to Bernanke. According to a New York Times profile, Yellen intends to continue and expand his insistence on transparency in how the Fed arrives at its policies, and prizes precision in arriving at formulas to assess interest rates. Yellen emphasizes unem- ployment over inflation, and has said she is willing to adjust inflation rates above 2 percent to spur employment. But some colleagues have noted her past embrace of "hawkish" policies. Peter Hooper of Deutsche Bank wrote in the Economist on Oct. 11 that in the 1990s, as a member of the Fed's Open Market Committee, Yellen pushed to raise interest rates amid low unemployment. "Ms. Yellen's policy orienta- tion has proven to be flexible and appropriate to the prevail- ing economic conditions," wrote Hooper, who was a Chip Somodevilla/Getty Images President Obama congratulates Janet Yellen after nomi- nating her to head the Federal Reserve, Oct. 9. staffer with Yellen on the whoseviews are governed by Fed's Division ofInternational an objective assessment of Finance."I have knownher to the data within a reasonable beastraightshooter, someone analytical framework." Facebook acquires Israeli startup Onavo of Onavo are in line with Face- book CEO Mark Zuckerberg's initiative, which aims to bring Internet con- nectivity to billions across the world. "We're excited to join their team, and hope to play a critical role in reaching one of's most significant goals-- using data more efficiently, so that more people around the world can connect and share," wrote co-founder and CEO of Onavo Guy Rosen on the company's blog. And since the acquisition, one of Facebook's top ex- ecutives said that the social media giant, upon acquiring the Israeli technology startup Onavo, was "amazed" by the amount of talent it came across in Israel. "Facebook was amazed by the amount of talent in such a small country like Israel," Nicola Mendelsohn, a Facebook vice president who ] Orlando Real Estate!!!! !i ,...oJ Over 25+ v: R;0ideMtidoReiEfeSt;tdeSsaleSseXperience GALE MILGRIM, P.A., Realtor 407-443-9832 Visit www. To read my Glooing Client Testimonials and my BIO.t!Y! Member Congregation Ohev Shalom Parent of 2 Jewish Academy Alumni Jewish Federation of Greater Orlando Supporter The Onavu Facebook page The Onavo team. Facebook has announced that it has acquired the Israeli startup. heads the company's Euro- pean, Middle East and Africa branch, told Israeli President Shimon Peres at a technology conference in Tel Aviv just days after its acquisition of Israeli startup Onavo, Globes reported. Facebook's acquisition of Onavo will enable it to establish its first headquarters in Israel. "It was a momentous deci- sion for Facebook to open its first R&D center outside the U.S. We chose Israel in the knowledge that the best talent is found here," Mendelsohn added. Bashar al-Assad says he should have won Nobel Peace Prize ( Syrian President Bashar al-Assad was quoted in the Lebanese newspaper A! Akhbar as saying that he could "shut Israel up" with or without chemical weap- ons. Assad--whose country has seen more than 100,000 deaths in the Syrian civil war, including more than 1,400 in what the U.S. said was a chemical attack on civilians--also expressed frustration over not being awarded the Nobel Peace Prize for his agreement on the removal of his chemical weapons stockpile. Instead, the Organization for the Prohibition of Chemical Weapons won the prize for its efforts to remove chemical weapons around the world. Assad spoke to guests at his presidential palace and called the development of chemical weapons in 1997 his country's greatest achievement, be- cause it strengthened Syria's position in the Middle East. Rising anti-Semitism causes European Jews to hide faith ( new survey shows that many European Jews hide their faith due to fear of anti-Semitism. The online poll by the European Union Agency for Funda- mental Rights reveals that 27 percent of all respondents blamed rising anti-Semitism across the European conti- nent on Muslims. About the same percentage of respon- dents blamed anti-Semitism on individuals with left-wing political convictions, and 19 percent blamed those with right-wing beliefs. "Preliminary findings al- ready show that three-quarters of respondents feel that anti- Semitism has [gotten] worse in the past five years, particularly as [it] concerns anti-Semitic comments and hate speech online," the report said. About half of the 800 re- spondents from Sweden said they hide their faith in public, according to Swedish news website The Local.