Monday, August 31, 2020

Lafayette rejects its neighbors

 

“They’re not our community. They’re not our people,” Scott Morgan, the interim police chief, said at a news conference Saturday. “They’re coming over here for trouble. Don’t support them, don’t get involved with them. Stay out of it.

Hurricane Laura incapacitated electricity and water supply of eighty neighboring towns and Lafayette refuses to receive the "refugees". This is something new for me, and unlike the generous, welcoming America I knew fifty years ago. The bloggers writing that one should hoard canned food and ammunition may know something. 

Bad.   

US Dollar Fast Devaluation


 The DXY index reflecting the relative worth of the dollar has been showing a 7-8% devaluation lately. You need only 3.40 Israeli sheqels to buy a dollar, when the long stable exchange rate had been 4.0 sheqel. Many maintain that even 3.4 is to high, since the dollar has lost more against the Euro. Surprisingly, my NASDAQ shares like Nvidia are showing more advance than the local TASE shares. It is so confusing that I didnt dare to trade in the last two months. I am starting to be interested in Turkey: it is large, industrial country and many Israelis made money speculating on it, but I always remember Fishman, who lost his pants (his Alliance tire factory) in one bad move. The lira is tanking but President Erdogan is unpredictable, as the official German site Deutsche Welle puts it: President Erdogan hates hiking interest rates like the devil hates holy water. In his unorthodox view of economics, higher rates will only fuel inflation.  

Bottom line: Sit on the sideline, do nothing.

Sunday, August 30, 2020

American Jews are sending their children to Israel


It is not yet a mass movement, but a few thousand children are arriving to Israel to start the new school year here. Many are from New York, fearing the epidemic and the savage African riots. Some are from Ucraine and White Russia, where there is pre-war atmosphere. 

Here we have a daily circus in front of the Prime Minister's home. Thousands of actors and entertainers are unemployed because of the epidemic and have much spare time (and no worries - they receive generous social security payments). They undress and/or dress in attention-drawing porn attires, and make noisy street theater. Each day they a public of about ten thousand come to enjoy the free spectacle. 

P.S.: Why that tyrannical Prime Minister Bibi Netaniyahu does not let let that nice girl to live her life? Why is he personally ruining the life of that angelic girl?

Friday, August 28, 2020

Tragic Week in Israel


89 persons died this week in Israel of the coronavirus. More than 20,000 are sick. We are living the second wave of the epidemic. It has been six months of closure, too long, I am not anymore in the university, feel depressed and cannot work. 

P.S.: Yet I worked and finished the Pietrokovsky report.

Thursday, August 27, 2020

Flint: A Very Profitable Fake Lead Poisoning

 In the blog that preceded this blog (the same name) I wrote a lot about the presumed poisoning of Flint's water with lead. The ignorant and thieving workers of the Water Treatment Plant did not add a chemical buffer for about a few months. Some homes with old lead connections received in fact water with lead leached from their own lead pipes (not from the municipal mains). No one got hurt visibly or in any way that could be measured, although it cannot be discarded that a few children's IQ will be cut by one or two points. In a simultaneous accident in Hong Kong, the local judge rejected all demands. President Obama declared national emergency and money started to flow into Flint. Now the state of Michigan will pay $600 million to thousands of Flint residents.

“The money would largely be designated for children in Flint who were poisoned by lead-tainted tap water,” The New York Times reported. “The individual amounts received from the settlement would depend on Flint residents’ degree of suffering and damage from drinking the water.”

Any consumer who was living in Flint between 2014 and 2016 are eligible for compensation through the funds and payments are expected to begin in spring 2021. Flint leads the list of murders per capita in the USA but it does now appear that some solace is in sight.

Google Flint Water Poisoning and you get pics like the above. Of course, lead contaminated water has no color, the pic shows something else, water from a corroded iron pipe. It is fake, as all the media. Moreover, Flint is Black town, but google pics suggest otherwise.