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This Happened

This Happened - March 17: Golda Meir's Rise To The Top

Golda Meir became the Prime Minister of Israel on this day in 1969, following the resignation of Prime Minister Levi Eshkol. She was the first woman to hold the position in Israel and one of the few female leaders in the world at the time.

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Who was Golda Meir?

Golda Meir was an Israeli politician and the fourth Prime Minister of Israel. She was born in Kyiv, Ukraine in 1898 and immigrated to Palestine with her family in 1906. She played a key role in the establishment of the State of Israel and was a prominent member of the Israeli government for many years.

What happened when Golda Meir was Prime Minister?

During her time as Prime Minister, Golda Meir oversaw the Israeli response to the Munich Olympics massacre, in which 11 Israeli athletes were killed by Palestinian terrorists. She also presided over the Yom Kippur War, in which Israel faced an attack from Egypt and Syria. In addition, she initiated a number of social and economic reforms in Israel, including improving healthcare and education.

How did Golda Meir's gender affect her role as Prime Minister?

As the first female Prime Minister of Israel, Golda Meir faced challenges and discrimination from some members of the government and society. However, she was also respected and admired for her strong leadership and determination.

How long was Golda Meir Prime Minister for?

Golda Meir served as Prime Minister of Israel from 1969 to 1974. She resigned in April 1974, following criticism of the government's handling of the Yom Kippur War.

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Economy

How A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Liu Qianshan

-Analysis-

It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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