Netanyahu Pledges to Address Inflation

    Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting in Jerusalem, Sunday, Aug. 7, 2011. (AP Photo/Sebastian Scheiner, Pool)

    Sebastian Scheiner / AP Photo

    Israeli Prime Minister Benjamin Netanyahu scrambled to calm anger and deal with inflation after a quarter-million Israelis took to the streets Saturday in one of the biggest economy-related protests in the country's history. Netanyahu announced the appointment of a committee of experts to propose economic reform, and pledged to address Saturday's demonstrations in Tel Aviv. In just under a month, the protests calling for lower living costs have spread from a cluster of students to a nationwide movement, although Israel is projecting GDP growth of 4.8 percent this year while many Western nations are still in recession.

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