I have yet to seen a correct interpretarion of the current riots and looting in American cities. It is not against police (which society can survive without police?) and not against the rich, and certainly the poor are not famished and are looting bread. It is simply a standard communal strife, the same kind that occurs in India among Hindu and Muslim communities, and anywhere where two communities live en close contact. The solution is like India: total separation. Or Israel: a tall concrete wall. The South African solution, "separation" (apartheid), failed because the dominant side lost its self- confidence. That is happening in America too: The Government has lost faith in its moral right and has ceded the power to the "other" community - without ever achieving peace. Pic Manhattan today.
Thursday, June 4, 2020
Misinterpration of the American Riots
I have yet to seen a correct interpretarion of the current riots and looting in American cities. It is not against police (which society can survive without police?) and not against the rich, and certainly the poor are not famished and are looting bread. It is simply a standard communal strife, the same kind that occurs in India among Hindu and Muslim communities, and anywhere where two communities live en close contact. The solution is like India: total separation. Or Israel: a tall concrete wall. The South African solution, "separation" (apartheid), failed because the dominant side lost its self- confidence. That is happening in America too: The Government has lost faith in its moral right and has ceded the power to the "other" community - without ever achieving peace. Pic Manhattan today.
Second Wave of the Corona
Israel has loosened all retrictions and now is on the verge of a second wave that will lead to a widespread outbreak of the coronavirus. "The hospitals have difficult cases the likes of which we haven’t seen in two months." 51 schools have been shut down (mostly in Jerusalem) after 261 cases of coronavirus infection were discovered among their students and teaching staff. About 8,000 teachers and students are in isolation. The Ministry of Health reported that 32 Israelis had been diagnosed with coronavirus in the last 24 hours and the total number of cases was 2,103. Of the active cases, 27 are in serious condition and 25 are on respirators.
Now I am worried. Look at the graph - 8 to 10% death rate at my age. My leg is aching and I think it is the sciatic nerve. My big daughter has problems with her husband and we are helping with the girls. I am not working hard.
Wednesday, June 3, 2020
Mongol immigration to Israel
Yesterday we went to the supermarket (after two months) and observed a tall mongol middle-aged man and a big eskimo woman cleaning the floors. Asked about them and the Arab employee told me that they speak only Russian and are freshly arrived immigrants. To provoke, I asked: Are they Jews? She grimaced. I assume they are from BiroBidjan and their grandmother was Jewish. Welcome. We are expecting 40-50,000 new immigrants in 2020, many from the former SSSR, France and the USA (the Jewish community has been hit hard and frightened by the corona). These are large numbers for this small country.
TASE - Up or down?
We have 25% unemployed, whole branches crashing (airlines, gas, turism, etc.) yet the bourse is rising. Energy prices are supercheap all over the world, and that should mean prosperity. Central banks are buying industrial loans and bonds, flooding private sectors with liquidity. I am not investing in the last month and missing profits. I dont know what to do.
Yesterday I ate about 150 gr roquefort style soft blue cheese with black bread and red wine. I had been feeling tired and dispirited. At night it was burning my insides so bad that I thought that the green fungus had poisoned me. Yet in the morning felt well. I am too old for excess.
Yesterday I ate about 150 gr roquefort style soft blue cheese with black bread and red wine. I had been feeling tired and dispirited. At night it was burning my insides so bad that I thought that the green fungus had poisoned me. Yet in the morning felt well. I am too old for excess.
Tuesday, June 2, 2020
Monday, June 1, 2020
De-Globalization
The West has learned that globalization was good in the short term but it is harming it in the long term. Globalization, tht is the opening up of national markets, a constant drive of imperial powers since England tried to achieve free commerce with Spain's American colonies, is now reversing. It happens that China is producing better and cheaper manufactures and the West cannot compete. Just as Manchester's mechanized textile industry (pic) destroyed India's home manufacture, China has now destroyed much of America and Europe's local industries. Huawei is so advanced that threatens to destroy America's communication industry.
My impression from the latest annual meeting of the CCP is that they understand the situation and the violent rage it produces in the West. Since they do not want war, China will focus from now in developing its internal market.
My impression from the latest annual meeting of the CCP is that they understand the situation and the violent rage it produces in the West. Since they do not want war, China will focus from now in developing its internal market.
De-globalization means higher prices and inflation. The only refuge is the stock market.
Subscribe to:
Posts (Atom)