Israel Electric: The 'Palestinian Authority' is too big to fail

The 'Palestinian Authority' owes the State-owned Israel Electric Corporation a whopping NIS 1.4 billion (about $400 million at today's rates), which you and I and everyone else who pays an electric bill in Israel are covering. But the 'Palestinian Authority' - unlike Mrs. Cohen who can't pay her bill - isn't worried about its electricity being cut off. That's because Israel Electric Corporation