Bayer falling 30%

Bayer said it is halting a trial for asundexian, an experimental cardiovascular drug. Bayer’s Frankfurt-listed shares (XE:BAYN) fell about 30%. Bayer is a hundred and fifty years old German giant pharma company, tremendously stable, conservatively managed and reliable. Losing a third of its worth in a day or two is most amazing. It means that one third of its worth was the hope for the success of an experfimental drug. I have blind faith in German quality. Just bought German car. 

Rich Man's Portfolio

Warren Buffett’s portfolio:

Apple: $156.8b (50%)

Bank of America: $28.3b (9%)

American Express: $22.6b (7.2%)

Coca-Cola: $22.4b (7.1%) Chevron: $18.6b (5.9%) Occidental: $14.5b (4.6%) Kraft Heinz: $11b (3.5%) Moody’s: $7.8b (2.5%) Others: $31b (10%)

Nekome!

Nothing we can do to them compares with what they did to us.  

We are in trouble

 Dr Eynat Wilf spoke in the Capitol Hill and she explained carefully, point by point, why we are in terrible trouble. She is a leader of the left-wing Labour Party. She teaches in the Reichman University in Tel Aviv. 

Next to my table in TAHAL "worked" an elderly man called Wilf. Curious as I am, one day sat before him and asked what he was doing. He was working on a large genealogy tree, up to the Oppenheimer founder in Switzerland three centuries ago. TAHAL was paradise.  

Gaza WWTP surrounded

 Observing the photo it is clear that the plant is not working, there are no aerators, and the basins are anaerobic (covered with green algae). Under the plant surely there are no tunnels. 

Saved by Reality

 
In Japan and many other countries, the towns and villages are disappearing like magic. In the US nearly half of women under the age of 45 are childless. 

Israel, only two months ago, was well advanced on the same direction. There were large demonstrations with homosexual and Palestine flags, personal enjoyment was being taught in State schools, deeply religious people were attacked on the street, elite fighter pilots and the intelligence services were refusing to serve, there was an active movement to encourage desertion. Barack already saw civil war and bodies floating in the Yarkon river. In kibbutz Beeri there was an informal school to teach the techniques of civil disobedience and revolt.  

The unexpected contact with reality stopped all these. Pilots are bombing refugee camps full of children and women, young people volunteer to the army, and Beeri - the beautiful garden community of peace and love - is no more.

HAMAS weapons depot

 Zahal published a few shorts from Gaza. The destruction is phenomenal. They did not start to enter the tunnels to kill the leaders or liberate the captives. The Economist describes the multiple ways to do that safely. Expansive polyurethane foam can be injected into the inlets, just as we do in construction. They will be trapped like rats. 

The documentary intends to show that the depot was adjacent to a classroom, but more shocking (for me) is the disorder and lack of professionalism. They are irregulars and Juan Domingo Peron taught (as professor at the Argentine Military School), they never can stand up to a regular army. Argentine military are order fanatics.