Israel Has $1 Billion Invested in Georgia The Israeli-Georgia connection is estimated to be worth $1 billion, according to a former Georgian ambassador to Israel. The Jewish state and private investors have provided military assistance and advisors to Georgia, where pipelines pump oil destined for Israel. A new pipeline is being built to bypass Russian territory. The Ministry of Foreign Affairs said that Israeli companies in Georgia have begun evacuating their staff and that Israeli tourists are leaving for home.
Iraq Should Use Its Oil Sales to Pay for Rebuilding, Levin Says The U.S. should stop paying for reconstruction projects in Iraq because the Baghdad government can fund the rebuilding from its sales of crude oil, two U.S. senators said. Proposed legislation in the Senate would stop the U.S. from using any more taxpayer money to fund reconstruction projects in Iraq, Senator Carl Levin (D-MI), chairman of the Senate Armed Services Committee said today on CNN's "Late Edition" program.
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