Due to the strong operational performance, the company further strengthened its balance sheet by redeeming its Series 1 and Series 2 unsecured notes due in 2023. With the early redemption of the unsecured notes, ZIM was no longer subject to certain dividend restrictions, and it declared a special dividend of $2 per share, which will be payable on Sept 15th (goes ex on August 24th).
Illustration: Emperor Nero through the coins. He grew very fat as he aged.
Rome was built on a worthless swampy piece of land. The marketplace, the Forum, was a wetland that had to be drained to be habitable. When the malaria mosquito appeared in Italy, Rome was doomed.
It was climate change allowed the northward advance of the mosquito, sickening and successively emptying Palestine's coastlands, Greece, and then Italy. The center of gravity moved to France and Germany.
The Economist estimates that 40% of Argentina's workforce is in the informal sector. Meaning selling ice cream on the streets, repairing old cars, and working as daily construction hands. This was totally unknown at my time. On the other hand, my relatives are comfortable. The young generation is already mixed, drop-outs from the Jewish people. They fall in love with a nice schikse and don't realize that they are forfeiting their future. You have to lose your mind to choose to be an Argentine Criollo (pic) instead of the European Jews they are. My childhood friend Viky Haar married a Criolla at age 18 and now, one of his three sons is selling balloons in the zoo, and the second is doing occasional ironsmith jobs and living in abject poverty. The youngest is the most successful: he operates a cultural marijuana joint and has two kids from two different women. I am convinced that out-marrying leads to a loss of moral and social position.
