Intelligence vs Skin Tone

 

There is a very large study of the causes of American Black academic problems The statistical analysis of the raw results is complicated, and above my pay grade. It seems to say that black/blueish-toned  African immigrants are no less intelligent than Europeans, but the descendants of slaves - in spite of carrying 17% European ancestry - are talentless. Chinese-European mestizos seem the most talented of all. Since I have not met American Blacks for decades, the issue is irrelevant to me, and will not spend thinking time about it. 

China's reaction against a bioweapon

China has painted itself into a corner.  With its uncompromising policy of zero COVID, now it has no herd immunity, and the day it softens its isolation policy, millions will get sick. The hated Xi dictatorship cannot allow that to happen. With time, they will find a solution and also, a way to explain it to their non-voting citizens. 

China's reaction to this bioweapon attack (if it was that) was instinctive: total isolation. Isolation was the historical reaction of China (and Japan) to the first contact with Europeans. Japan understood relatively fast (two hundred years) that isolation does not work, and adopted the opposite policy of openness. China of our days apparently is still unable to react fast and flexibly to a new situation. In the pic.: massive disinfectant spraying in all cities. COVID is a virus that spreads by personal contact, exterminating rats and insects is indifferent to the virus. I think it is another wrong reaction, and I am surprised because the Chinese people are very far from being stupid. 

My conclusion is that China is impotent and will lose against a tricky, crafty, crooked enemy, such as the USA. We go by the Bible: "You shall wage war by the way of deception."

If it is true that the USA created and liberated this bioweapon, well, it is being a success. China's GNP growth has been stopped. Israel's reaction was the fastest and most audacious, and it is successful. I am happy and proud. 

Do you want to own a share in the German heavy industry?

Of the more than 300 companies listed in the strictly regulated Prime Standard of the Deutsche Börse , one comes pretty close to the P/E of one: Salzgitter AG from the city of the same name in the northern Harz foothills. The value of the company on the stock exchange is currently estimated at almost 1.2 billion euros. Profit after tax tripled in the first half of the year to 781 million euros. 

That means that the P/E of Salzgitter approaches 1. So probably it will pay a very nice dividend. Is it a buy? Yes, to the point that German heavy industry is facing a really hard future, because of the price of energy, and the rise of the dollar (aka American imperialism). 

Think! 

PD 13-10-22: The speculation with Salzgitter involves many expenses: Shekel to Euro + commission to my bank + commission to German bourse agent + then: the reverse operation to shekel. I need to spend 5-6% just to start. 

Θάλαττα! The Money!

 New project in Tel Aviv. Facing the Sheraton hotel and the sea Θάλαττα. An old aparthotel is being renewed as part of a worldwide chain and refurbished as more or less the same but with a bar and a kitchen. Arrived home at 1 PM and my daughter Shany had organized a lunch at Max Brenner Herzliya at 17 hs. Why? Suddenly I felt very tired. We succeeded in moving it to Friday and suddenly, all my tiredness was gone. I had long known that stress causes tiredness. The solution: Relax. 

 Laugh is the best remedy (from Reader's Digest):

“Credit Suisse does not tolerate tax evasion,” the bank said in a statement. “We have implemented extensive enhancements since 2014, to root out individuals who seek to conceal assets from tax authorities. Our clear policy is to close undeclared accounts when identified, and to discipline any employee who fails to comply with bank policy or falls short of Credit Suisse’s high standards of conduct.”

Falling out of practice

 
We have this Succoth week-long holiday here, and no one is phoning or messaging me. No one is pressing me to finish his plan. So, I totally forgot how to work and it is becoming very difficult to sit down for more than five minutes and work. Yesternight we had dinner with daughters and families, and I overate to the point that could hardly move. For next Thursday Shany organized a birthday in Max Brenner and cannot refuse. Am too old for these things, and I have no desire for social events. But I must. 

"You shall enjoy your holidays".  And you shall draw water with a smile. 

Buoyancy

 Only fifty years ago, I could swim underwater 50 meters, without taking a breath. This morning, in the pool, I could not submerge myself and floated powerlessly like styrofoam on the surface. I am so fat that my specific weight must be around 0.85. Over the years, I became less and less dense. Soon I may be less dense than air and will fly up and away in the wind like a free helium balloon.   

Whites Flying Away

The city of Jackson, Mississippi, is unable to manage its water supply system, spite being built on rich aquifers and on the shores of a large river. The root cause says Lumumba, is "White Flight". See pic. Those evil birds refuse to be shot at. Lumumba is Jackson's major.

The Jacobin instead blames Wall Street:

When government defaults do occur, as happened in Detroit in 2013 and Puerto Rico in 2016, Wall Street is always the culprit. Wall Street firms loaded up these communities with toxic debt that required huge debt service payments, precipitating their bankruptcies.

Where did I hear this argument? In Argentina. The IMF did not loan billions to insolvent beggars, it "loaded them with toxic debts".