. Medical and Hospital News .




.
NUKEWARS
Cost of Israeli Iran attack: $41.4 billion
by Staff Writers
Rishon Lezion, Israel (UPI) Aug 21, 2012

disclaimer: image is for illustration purposes only

The Business Data Israel Ltd. research company estimates that an Israeli attack on Iran would cost Israel $41.4 billion.

The BDI estimate includes the direct and indirect financial damage to the Israeli economy from an attack on Iran's nuclear facilities.

BDI costs the immediate cost to the Israeli economy from such an attack at $11.66 billion, plus $5.95 billion annually in lost gross domestic product for five years in the wake of the attack because of the collapse of businesses.

BDI used as a baseline the 2006 32-day Second Lebanon War, which cost Israeli .5 percent of GDP in lost growth. BDI also factored in the direct costs of that war, an additional $1.98 billion in civilian property damage, damage to infrastructures and underwriting the direct costs of the war, Israel's Globes business newspaper reported.

"In the event of a war on the same scale (as Lebanon in 2006), with the same duration and damage, then it is possible to expect $3.97 billion in damage," BDI said.

BDI pointed out that most of the damage in the Second Lebanon War occurred in the north, which produces 20 percent of Israel's GDP. It can be assumed that in the event of a war, it will also include the center of the country, which produces about 70 percent of Israel's GDP, BDI said.

In 2011, GDP totaled $216 billion and the cost of such a war is estimated at three times the cost of the last war, or $11.6 billion, the company said.

"This amount is not the final figure," BDI said. "There is damage which is difficult to estimate, such as the loss of foreign customers and the collapse of businesses (especially small businesses), which could be permanent.

"A conservative estimate of the collapse of 10 percent of small businesses ... as the result of a war (due to the slowdown, lack of financial depth, drop in demand), we estimate the loss of GDP at $5.95 billion a year for 3-5 years, in addition to the direct damage."

Israel has been the prime international mover behind efforts to pressure Iran to suspend its nuclear activities, as the Israeli leadership claims it masks a nuclear weapons program, a charge that Iran strongly denies.

The United States is also pressuring Iran to suspend its nuclear enrichment programs and there is speculation as to how much divergence there is between the Israeli and U.S. positions.

Amid the uncertainty, recent Israeli media interviews by Israeli Defense Minister Ehud Barak seem to indicate that speculation in the Israeli media about a possible unilateral Israeli military attack on Iran's nuclear facilities in fact may be a negotiating ploy whereby Israeli Prime Minister Binyamin Netanyahu and Barak hope to impel U.S. policies toward closer support of Israel's "red lines" on Iran's nuclear program.

Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


IAEA-Iran talks in Vienna on August 24: UN agency
Vienna (AFP) Aug 21, 2012 - Atomic energy agency officials will meet with Iran on Friday in Vienna to discuss remaining "outstanding issues" surrounding Tehran's contested nuclear drive, the agency announced Tuesday.

The meeting on August 24, will allow "further discussions on a structured approach to resolve outstanding issues relating to Iran's nuclear programme," the International Atomic Energy Agency (IAEA) said in a statement.

IAEA chief inspector Herman Nackaerts and deputy director general Rafael Grossi were expected to attend the talks at the Iranian mission in Vienna, the agency also said.

These new talks come ahead of a meeting of the UN atomic watchdog next month, which will likely feature Iran near the top of its agenda.

In June, the IAEA and Iran had failed to agree a deal allowing greater access to Tehran's contested nuclear programme.

Meanwhile, world powers have been pursuing a separate track of dialogue to ensure Iran does not develop a nuclear weapon, as they fear.

Tehran insists its nuclear programme is only for civilian purposes.

However, in recent weeks the rhetoric has heated up, with politicians, retired generals, former security officials and various commentators in Israel debating a possible pre-emptive strike against Iran.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



NUKEWARS
Commentary: Guns of 2012?
Washington (UPI) Aug 20, 2012
A former chief of Israeli military intelligence, who retired two years ago, takes sharp exception to three more recently retired Israeli intelligence chiefs who disagree on the imperative need to bomb Iran's nuclear facilities. Amos Yadlin, a former Israeli military head of intelligence, in a column he wrote for The Washington Post, urged U.S. President Barack Obama to visit Israel as s ... read more


NUKEWARS
Haiti demolishes quake-ruined presidential palace

Record radiation in fish off Japan nuclear plant

Raytheon mobile app allows first responders to use PCs, tablets and smartphones as "virtual radios"

US allows NGOs to send quake relief funds to Iran

NUKEWARS
A GPS in Your DNA

Next Galileo satellite reaches French Guiana launch site

Raytheon completes GPS OCX iteration 1.4 Critical Design Review

Mission accomplished, GIOVE-B heads into deserved retirement

NUKEWARS
Once again with feeling: Australian science tugs heart-strings

More sophisticated wiring, not just bigger brain, helped humans evolve beyond chimps

Common parasite may trigger suicide attempts

Brain scans don't lie about age

NUKEWARS
Peru seizes 16,000 dried seahorses headed to Asia

Losing stream in our battle to predict and prevent invasive species

Nematodes with Pest-Fighting Potential Identified

Spider version of Bigfoot emerges from caves in the Pacific Northwest

NUKEWARS
Mexico destroys 8 mn chickens amid bird flu outbreak

Clinton signs new deal to fight AIDS in South Africa

Malawi to test 250,000 people for HIV in one week

New bat virus could hold key to Hendra virus

NUKEWARS
Tibetan monk tortured and imprisoned: rights group

Dissenters locked in China mental hospitals: rights group

China stamps down on Gu 'body-double' rumours

Canadian body parts victim was Chinese-Canadian: police

NUKEWARS
EU-NATO forces free hijacked vessel

Nigeria intensifies search for 4 kidnapped foreigners: navy

Somali pirates release Taiwan fishing boat

ONR Sensor and Software Suite Hunts Down More Than 600 Suspect Boats

NUKEWARS
China manufacturing hits nine-month low: HSBC

Hong Kong sets date for yuan futures trading

Japan trade deficit shows world economy 'serious'

Japan's Sharp may sell China, Mexico plants: reports


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement