Water

 

I went this morning to the Club to have a swim. The daughters were there with their children, which ignored me. Saw a few older Jews ... even fatter than me! It was not too hot. 

Credit Suisse looking for buyer

 

I am shocked that Credit Suisse has fallen into such hard times. In a sense, it deserves to be liquidated, because of the unpardonable action of destroying Holocaust victims' accounts. Antisemites, stealing depositors' money. Apart from that, it became a terribly managed institution, with a Senegalese manager and officials fighting each other. The old-time frozen Calvinist bankers have been substituted by the variegated chusma humanity. The American State Street Bank said they were not interested.   

Fossil fuels are killing us

 

A severe decline in childbirths has occurred over the past half-century, which will lead to considerable population declines, particularly in industrialized regions. A crucial question is whether this decline can be explained by economic and behavioral factors alone, as suggested by demographic reports, or to what degree biological factors are also involved. Here, we discuss data suggesting that human reproductive health is deteriorating in industrialized regions. 

Widespread infertility and the need for assisted reproduction due to poor semen quality and/or oocyte failure are now major health issues. Other indicators of declining reproductive health include a worldwide increasing incidence of testicular cancer among young men and alterations in twinning frequency. There is also evidence of a parallel decline in rates of legal abortions, revealing a deterioration in total conception rates.

Subtle alterations in fertility rates were already visible around 1900, and most industrialized regions now have rates below levels required to sustain their populations. We hypothesize that these reproductive health problems are partially linked to increasing human exposures to chemicals originating directly or indirectly from fossil fuels.

In my opinion, economic and behavioral factors CAN explain much of the phenomenon. Notwithstanding, this theory is interesting. 

Is air pollution linked to birth rate?  I know of no research linking them. The most polluted air was in England but no pop decline. The signs of decline started in France in the 18th Century. Greece and Rome in the antiquity suffered from the same problem and they were not burning fossil fuels. It is a mystery.

I dont believe in complicated reasoning

Suddenly, the stock exchange is crashing.  I wonder why. Bloomberg explains 

All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate-hiking regime

The explanation is too complicated. I do not believe it is so. 

Ukraine Refugees in the New York Times

 

The pic surprised me. Then realized that the skin coloring app was being applied by the New York Times to trick its readers. Do they intend to impress their readers that Ukrainians are colored? Why?

Nuclear Priesthood

 

A nuclear priesthood has arisen in Russia. From portable churches to the consecration of weapons systems, the Russian Orthodox Church has been integrated into every facet of the armed forces to become a vital part of Russian national security, politics, and identity. This extraordinary intertwining of church and military is nowhere more visible than in the nuclear weapons community, where the priesthood has penetrated all levels of command and the Church has positioned itself as a guardian of the state's nuclear potential. Russian Nuclear Orthodoxy considers how, since the Soviet collapse in 1991, the Church has worked its way into the nuclear forces, the most significant wing of one of the world's most powerful military organizations.

Dmitry Adamsky describes how the Orthodox faith has merged with Russian national identity as the Church continues to expand its influence on foreign and domestic politics. The Church both legitimizes and influences Moscow's assertive national security strategy in the twenty-first century. This book sheds light on the role of faith in modern militaries and highlights the implications of this phenomenon for international security.

PSS: The priest reminds me of the Elbonians of Dilbert's world.

Negative Dollar Interest Rate

 

Inflation in the US has reached 8% while the interest rate is 3-4% so the government is subsidizing and stimulating investment and economic activity. People are buying real estate with credit, which raises the prices. Since the sheqel is linked to the dollar, we are in the same situation. I think I have maximum prudent debts, yet I need to be alert to opportunities. Ashkenazi Jews live easily to 90 so I have a little more time to play the game. The pic is of my ancestral hometown. My grandfather owned much of the real estate there. It did no good to him. When the Nazi army occupied Hungary, this small provincial town had to erect a closed space - a ghetto - and move all Jews there. One day they had to march through the main street to the train station and travel to the regional ghetto and then, in plumbed cattle wagons, to Auschwitz in Poland. This complicated operation was organized by Adolf Eichman and his small staff. All the operations worked smoothly and in two months 600,000 Hungarian Jews were deported and annihilated. This happened when the Germans already had lost the war. It is painful just to imagine it.