Thursday, May 14, 2020

Things To Do: Tour Sanliurfa

Göbekli Tepe lies 15 km east of the city of Şanlıurfa, South EastTurkey. This prehistoric site is dated to 12000 years ago i.e. it is 6000 years older than Stonehenge. The "temple" was built in the Early Neolithic, when humans made the transition from hunting to gathering and farming, before even the pottery.

Sanliurfa is the center of bloody battles among several ethnic groups and is under military closure by the Turkish Army. I"ll have to postpone my tour.

Israel's water dilemma

After more than a year of uncertainty and transitional government, Israel succeded in forming a strong coalition led by Bibi Netaniyahu, supported by 75 (of the total of 120) Knesset members.

We had the honor of the visit of the American Secretary of State, Mr Pompeo. I suspect he came to forbid Israel to hire the Chinese firm Hutchinson to build and operate and own the Soreq Desalination Plant Phase B, planned to be the world's largest. The PPP licitation was published two years ago and is managed by the Hashav HaClali, the budget management arm of the Ministry of Treasure. The firms that have submitted offers are SUEZ (French), PMEC (Chinese), GES +Hutchinson (Israeli+Chinese) IDE+ACCIONA (Israeli-Spanish) and the WPI+AQUALIA partnership (Israeli-Spanish). I presume that Hutchinson is the cheapest, the best and provide financing. But America under Trump is fighting China's growing influence, and in this very serious world war, we are America's inconditional ally.  So there is no water dilemma at all. Viva Espana! and welcome to the EIB - European Investment Bank.

Now is the time to buy!



Mr Herbert Hoover says Now is the time to buy! He was right. Is now the time to buy? I think so.

"The Fed gave up on bazookas, skipped helicopters and went straight for B-52 Stratofortress Bombers to carpet-bomb the financial markets with cash," Ed Yardeni, president of Yardeni Research, wrote in a note to clients last week. "The immediate reaction of the financial markets was: 'It's raining money! Hallelujah! It's raining money!'"

World economy is suffering with this corona closure. The US unemployment rate spiked to 14.7% in April, the highest since the Great Depression. The same in Israel. How can be such a disconnect between the stock market and the real economy? This question occupied my mind for a time, till I understood that the stock exchange is not the mirror of the real economy. 

Its components, which include Microsoft (MSFT), Apple (AAPL) and Chevron (CVX), are industry leaders that generally have the financial resources to ride out the storm. Some of them, like Amazon (AMZN), are even benefiting from the disruption caused by the crisis.

Now is the time to buy!


Wednesday, May 13, 2020

New Baby Ella

Our replacements have arrived and we are approaching recycling time. It is as it should be.

I received several requests for proposals. People is full of nervous energy wanting to make up for the two months corona-closure. I dreamt of a misdesigned town where the new neighborhood had been built on the left side and I had to move it to the right side. I was calculating the geometry how to fit this triangular neighborhood on right side, turning it around in my mind.  

Sunday, May 10, 2020

A Jew Must Live in Israel

Rabbi Eliezer Melamed, Head of Yeshivat Har Bracha, a settlement ovverlooking the city of Schem (Nablus) and facing Mount Avel, writes:

The mitzvah (obligation) of Yishuv Ha’Aretz (settling the Land of Israel) obligates the entire nation of Israel to inherit the Land, namely, to apply sovereignty over it, and settle it. As it is written (Numbers 33: 53-54): ” You shall dispossess the inhabitants of the Land and dwell in it, for I have given the Land to you to possess it…to inherit the Land…” or as Ramban defined the mitzvah: “We were commanded to take possession of the Land which the Almighty, Blessed Be He, gave to our forefathers, to Avraham, to Yitzhak, and to Yaacov; and to not abandon it to other nations, or to leave it desolate”. 

One can only respect the people who went up that stony, desolate hill, to build a Yeshiva (school) and spend their time studying old texts there. I designed the water, etc. infrastructure of the Yeshiva. It was difficult to get paid, but after two or three years they did pay me. It was frightful to drive to the site on those deserted mountain roads up the settlement, and to pass through enemy villages. The road was in fact the main street of the towns, with new mosques being erected and hundreds of children walking on the road, going to school. I was attacked only once. The courageous Rabbi reminds everybody the reason they are there.

Saturday, May 9, 2020

The Antimatter Man

How to make sense of what is happening in the financial markets? TASE is about 15-20% below its peak. All my extended family are working, I am working and being paid in the University, consulting jobs are starting to flow in to the point that I am again rejecting orders, people stopped dying from coronavirus (they keep dying from other causes as before).  We have learnt to manage the epidemic and extinguishing focus infections. I can't take my eyes from the girls and tend to talk up the cashier girls, but I am impotent (even with viagra!). I schedule my working life till end of 2020 and it is approaching and can't think of an alternative nor how to continue. Most people lives without planning, day to day, but that is not my lifestyle. Weather is great. The international papers like Barron's are pessimists, they say "Wait until the unemployment benefits run out in July. That'll be the beginning of the real trouble."

Yes, but what about the antimatter men?  John Robinson and Don West are transported onto a psychotic world where their evil opposites exist and plan to change places with them. Will, The Robot and a reluctant Dr. Smith set out to find and help the real Don and John only to be pursued by a evil John Robinson.

Lost in Space,” a 1960 TV series, centers on the tight-knit and inexhaustibly inventive Robinson family, who set off for the Alpha Centauri star system after Earth threatened to become inhospitable. Unfortunately, the Robinsons have faced obstacle after obstacle over the seasons. Don't worry, in Lost in Space every episode has a happy end.

Friday, May 8, 2020

Zsidó mesék - Kulka János

Jewish stories - the Hungarian Actor Janos (John) Kulka. His story is that they lived in Szeged, a provincial town, when the shool visited the local sinagogue. At home, he told his father, and he told him the family story, they are Jews and most of the family was assessinated in Auschwitz. Typically among us Hungarian Jews, the subject was never mentioned and it was all completely new from him. He comments that his father spoke without emotion, tried to avoid loading the children with the horror of the Holocaust.