This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gaza Cease-fire Raises Hopes For Reconstruction

SARAH EL DEEB

GAZA CITY, Gaza Strip (AP) â¿¿ Mohammed Falah Azzam has been through this before.

His mother's home was bombed in the 2008-09 Israeli military offensive in the Gaza Strip, which left hundreds dead and thousands of homes destroyed. In renewed fighting last week, an entire block of buildings housing his extended family was badly damaged in an airstrike that Israel said was aimed at a militant.

While none of his relatives was hurt, the 61-year-old retired schoolteacher once again has to worry about providing shelter for his family. Some relatives are sleeping in an empty shop, squeezed in with other family members. Others are spending their nights in rooms covered in plastic wrap to shield them from the winter rain because all the windows were blown out.

"This is going to cost thousands," Azzam said. "The longer I wait, the more damage will happen," he added, pointing to a heavily damaged building sitting atop tilting concrete columns.

Azzam finds himself caught again in a pile of paperwork to seek assistance, trying to secure hard-to-get construction materials. This time, he hopes the process will be smoother, thanks to both Israel's pledges to ease its longstanding border blockade and the newfound political clout of Gaza's Hamas rulers in the region.

Israel promised to ease the blockade as part of a cease-fire last week that ended eight days of intense fighting. But difficult negotiations lie ahead, and there is no firm timeline for lifting the restrictions.

Israel launched its offensive Nov. 14 in response to months of rocket fire out of Gaza. It carried out some 1,500 airstrikes during the fighting, while Palestinian militants lobbed a similar number of rockets into Israel.

The damage to buildings in Gaza appears less extensive than it was four years ago. The United Nations estimates 10,000 homes were destroyed or damaged, while Hamas has put the number at about 8,000, including 500 that were destroyed or heavily damaged. In comparison, U.N. relief agencies said as many as 40,000 homes were affected in the earlier round of fighting.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,257.14 +198.79 1.24%
S&P 500 1,932.83 +18.98 0.99%
NASDAQ 4,704.4210 +68.3160 1.47%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs