Abolish the Water Corporations!

 

Water supply was traditionally part of the municipalities. They bought water from Mekorot and sold it for the double price. Maintenance expenses were low, so there were large sums available at the discretion of the local political chiefs. 

The idea of the corporations was to create financially attractive investment vehicles in the stock exchange. Today there are no infrastructure investments here. That did not happen: the corporations spent their profits on themselves, overinvesting in municipal water infrastructure and in personnel. 

Now the Minister for Energy Cohen (right pic) wants to dissolve the corporations and turn the operation back to the municipalities. Which would improve the situation of the local authorities. I expected this in the last ten years and now is being discussed. Good.

Back to the Middle Ages

Hundreds of artists have signed an open letter that calls on the Venice Biennale, the world’s top art festival, to drop Israel’s national pavilion this year. In continuing to mount the Israeli Pavilion, the artists say, “The Biennale is platforming a genocidal apartheid state.”

Only a century ago, Jews were discriminated against everywhere and not allowed to participate in general cultural-political events. Two hundred years ago they were not allowed to live in certain towns and areas. In Hungary, Jews had no civil rights and could settle in the cities only with special permits. Equality was granted to Jews only in the French Revolution.  

Once we were accused of having killed Jesus, the son of God. Now they have found another imaginary guilt to dislike us. 

I feel we are sliding back into our historical place of boycotted, rejected community. I am not afraid of it, we flourished mightily in our isolation.

Potash Troubles

 

The only troubled important share in my portfolio is ICL, the local potash fertilizer producer. From +100% it went to -25% and I am losing too much. International prices went down (see Rabobank graph) and Bielorrusia is having trouble getting out its product. I cannot find any reference to the Houthi closing down the only outlet for ICL potash to Asia, but I presume it is the main cause of ICL's horrible loss of worth. Geopolitical risk, they say. The Jordanian Potash company must also be suffering. But the main damage is being caused to the Suez Canal - Egypt. And Europe. A multinational force is trying to do something but the Houthis cannot be attacked from the air or the sea and no one will send troops for a land operation. Hamas is still fighting and speculating that Israel's internal turmoil is working for its benefit. Seems that 2024 will be a lost year for ICL and moi. 

Feelings

 

The center does not hold.

 "Iran's military forces have, in an armed clash inside the Pakistani territory, killed senior Jaish al-Adl militant group commander Ismail Shahbakhsh and some of his companions," Iran's state-run media reported on Saturday.

The development has come a month after the two countries conducted airstrikes on each other's territories.

Jaish al-Adl, a Sunni extremist organization, that is designated a terrorist organization by Iran, operates predominantly in the southeastern province of Sistan-Baluchistan (colored brown left).

Centrifugal forces are acting on Iran. 

Less for the same price

 

New tuna tin with less tuna. The price remains the same.

I did not realize the change and bought eight boxes.

Decadent Art (anno 1900)

 

Artist unknown.