Outgoing mayor, surprised by honor, says he wants to boost trade; but the framework is unclear.
Assistant Managing Editor
Story Includes Video:
As he prepares to step down after 12 years as New York's mayor, billionaire businessman Michael Bloomberg says he wants to play a role in the Mideast peace process by fostering economic ties between "the people in Palestine and the the people in Israel."
Nobel laureate Elie Wiesel, the speaker of Israel’s Knesset and two former Israel Supreme Court justices are among those who will select the winner of a new $1 million prize for serving as a role model for Jewish values.
The establishment of the Genesis Prize, touted as a "Jewish Nobel Prize" and worth $1 million, was announcedTuesday in a statement from the office of Israeli Prime Minister Benjamin Netanyahu that included Jewish Agency Chairman Natan Sharansky and Genesis Philanthropy Group founder Mikhail Fridman.
The international prize will be awarded to Jews who win global recognition for their achievements in the fields of science and the arts.