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October 22, 2014 / 28 Tishri, 5775
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Posts Tagged ‘deal’

Egypt and China Signing Deals and Building Ties

Saturday, September 1st, 2012

In the wake of Egyptian President Morsi’s recent visit to China, Morsi returns to Egypt with 8 partnership deals and a 71 million dollars gift to his government. The deals are in the fields of agriculture, environment, communications, tourism, as well as to import Chinese cars for the Egyptian police force.

One of the deals is for the purchase of security cameras. The cameras will be placed around Cairo, and specifically in Tahrir Square.

The camera deal replaces a deal that Egypt previously had with the US, signed with former Egpytian president Mubarak.

An Egyptian source said that it is believed that the American cameras allowed the US to spy on Egypt and see everything that was being filmed, while the new deal with China has a section in it explicitly prohibiting China from spying on them with these cameras.

Maybe the US cameras were connected to the Mossad sharks?

Migron Not Evacuated as Scheduled

Wednesday, August 29th, 2012

The Migron outpost in the West Bank was not evacuated as scheduled.

The eviction had been scheduled for Tuesday, the same day that the Israeli Supreme Court conducted a hearing on a petition filed by the residents requesting a delay in the eviction until the modular homes being built for the evacuees are completed. They reportedly will not be habitable for several weeks.

A decision is not expected for at least several days.

Some 17 families who claim they have purchased or repurchased the plots that their homes are located on also have petitioned the court to be allowed to stay in their homes.

In March, the Supreme Court ruled against an attempt by the government to postpone to 2015 the demolition of Migron, which the Palestinians say is built on their land. Deferrals against the demolition stretch back to 2006.

The settlers, who deny that Migron is built on private Palestinian land, had signed a deal with the Netanyahu government agreeing to relocate to a nearby hill.

The Draft Tragicomedy

Wednesday, August 15th, 2012

If it weren’t so sad, the draft brouhaha in Israel would be the greatest show in town. It is a masquerade ball, a tragicomedy whereby each actor says the complete opposite of what he really wants.

The main actor, the IDF, is practically invisible. He doesn’t dare speak the truth, which is uncomfortable to many. The IDF really does not want the haredim in its ranks. As it is, the army has too much manpower. The last thing it needs is to deal with tens of thousands of new recruits with special dietary (and other) requirements – for which the army is unprepared. Both the Ben Basat Committee and the Shefer Committee have already studied the issue and recommended reducing conscription. But telling the truth to the feminists demanding to draft women into combat units and to the “pushovers” demanding a full-scale draft for the haredim would force the IDF top brass to exercise a rare character trait: acting courageously on public issues.

The second actor in our tragicomedy is the bearer of the torch of hatred for the haredim. This actor and his like-minded supporters were never great fans of army service. The last thing Yair Lapid wants is for the religious Zionist dominance in combat units to be matched by haredi dominance in the computer units of the Air Force and Navy. The outburst of patriotism that suddenly exploded onto the scene reflects political expedience and has nothing to do with ethics, or social or national values.

The third and fourth actors, the Kadima and Likud parties, are dragged into the show for similar reasons. The supporting cast: the media and the New Israel Fund and its plethora of organizations have kindled the cyclical bonfire of haredi hatred in the Israeli forest. Now they are all dancing around the flames. Who has time to deal with minor issues like Syria or Iran?

The only actors who truly want the haredim to enlist are the majority of haredi young men. They, like most people, are not capable of learning throughout the day and night. They would prefer to enter the workforce, but their establishment and Israel’s establishment do not allow them to do so. So in our theater of the absurd, the haredim wear the mask of those who do not want to enlist.

At the commencement ceremony recently held for the accounting graduates at the Kiryat Ono College, department head Yaron Zelicha addressed the many haredim who had successfully completed their degrees. He told them that they had not only scored better than the accounting graduates in other colleges, but that their grades were even higher than those of their secular counterparts.

The real challenge facing Israel is not integrating the haredim into the army, but rather integrating them into the workforce. Europe is not collapsing because of a lack of soldiers, but because in the face of increasing longevity, the productive sector of their society is shrinking.

Most of the nurseries and kindergartens being opened in Israel are for haredim. It is not the draft quotient in two decades that ought to concern us, but the integration into the workforce that should. If Israel continues to make it difficult for haredim who did not serve in the army to work, it is actually cutting off the branch on which it sits. Scientific investigation shows that a haredi child living in poverty today is the best investment for those aiming their arrows at him. That child will be feeding them when they are older.

The government can encourage the haredim to enter the workforce by taking the following steps:

1. Cut the connection between army service and integration into the workforce. When we prohibit Israeli citizens from working, what we are really doing is preventing them from paying taxes. The sanctions preventing the haredim from working are much more punishing to the state than to the citizen.

2. Copy and expand to other campuses the successful example of Yaron Zelicha at the Kiryat Ono College. The induction of haredim into academic learning and prodding them toward professions that Israel needs – particularly professions in which the haredim’s Talmudic backgrounds give them an advantage – is not only possible but also a sure way to success.

Is Sheldon Adelson Destroying Israel’s Newspapers?

Tuesday, August 14th, 2012

According to the Israeli financial website Globes, Sheldon Adelson is in advanced negotiations to purchase the Ha’aretz printing plant. The deal is believed to be in the order of $25 million dollars.

Over the past few months, Adelson’s free daily, Yisrael Hayom, has been searching for a new printing facility to replace the Ha’aretz plant where it currently prints its daily freesheet. Ha’aretz’s plant handles the printing for a number of different newspapers.

Adelson had recently been in negotiations with Nochi Dankner, a major shareholder and chairman of publicly traded IDB Group, Israel’s largest diversified business group with assets of more than $30 billion, to purchase Ma’ariv’s Levin Epstein Printing House. But that deal apparently fell through, striking a hard blow for Ma’ariv which is desperately strapped for cash. Ma’ariv has been looking to sell the printing plant and the land it sits on.

Many Israeli newspapers have been firing staff and “streamlining” these past few months. The right-wing Makor Rishon is one notable exception to the rule.

Globes reports that Ha’aretz announced it was firing 70 employees, some 32 from their own paper, and the rest from their financial daily, The Marker. Yediot Achronot will be firing dozens, many of them likely to be dropped from its website Ynet. Ma’ariv recently shut down its weekday print run, and fired 30 employees in June.

Yediot executives are blaming Adelson and Yisrael Hayom for destroying the Israeli newspaper industry, and more specifically, for destroying Ha’aretz and Yediot Achronot with the introduction of the free daily broadsheet.

Florida Woman Sues El Al for Making her Give her Seat to a Haredi Man

Monday, August 13th, 2012

Debra Ryder, a Jewish resident of Florida and an El Al passenger, is asking the carrier for 50,000 shekel ($12,500) in compensation for allegedly switching her seat on a flight from the U.S., after a Haredi man refused to sit next to her. She claims that the flight attendant moved her without her expressed consent to a seat in the back of the plane, a location that did not meet her medical needs.

Ryder is seeking the compensation for emotional distress and gender discrimination.

“In his quiet way, the flight steward hinted that they were religious, that they saw me, and that they were not prepared to get up from their seats,” Ryder told IDF Radio. “It was clear that the flight attendant did not know how to deal with the situation. They didn’t even ask me and I was humiliated. If they had asked, it would have felt different. I never thought I’d have such an experience.”

Ryder’s attorney Orly Erez-Likhovsky, of the Israel Religious Action Center, sent a letter to El Al demanding that it set clear instructions to employees on how to act in such cases.

El Al said in response, “El Al flight attendants, who are in the front line of service with passengers, are faced with varied requests, and try to help as much as they can. The passenger’s complaint will be examined and dealt with.”

Just Keep Doing What You’re Doing

Wednesday, July 25th, 2012

An elephant at Ramat-Gan’s Safari park is receiving the heat prevention treatment from a park employee. In fact, the list of measures taken by Safari employees working with elephants to deal with the summer heat goes:

1. Hose elephant with water.
2. Did we say Hose elephant with water already?

Free Stock Trades Can Make You Lose Money. Here’s Why.

Sunday, July 15th, 2012

Have you ever found yourself buying a t-shirt that you would never normally be seen dead in, simply because when you walked into the store, you saw the sign, “Buy one, get one free”? And what about the window-cleaning gadget that you picked up from a street vendor for only $2 because he promised you that this was a bargain price and it would do wonders for your windows? Both of these purchases were totally useless, and you will probably consign them to the garbage next Pesach. But you still bought them. Why? Because they were either totally free or cost you next to nothing.

Similarly, when you are stock trading, have you ever been tempted to invest in a commission-free trade? These sound really great. You can choose your investment and if you put in a certain minimum, you don’t need to pay brokerage fees. Wonderful – you are saving money. But are you really?

Dan Ariely, a researcher specializing in behavioral finance, talks about “the power of free.” This is when people are tempted to be more reckless simply because the offer is free. Dan noted that when a New York nightclub offered free tattoos to its customers, even though the conditions were very far from optimal cleanliness, many of them actually took up the offer. In fact, his researchers discovered that 68% of those who received tattoos would not have bothered if they had not been free.

When you pay a fee for stock trading, you are less likely to be reckless because the thought of wasting these few extra dollars on something that may not work acts as a deterrent. But when you get a free trade, you may find yourself feeling similar exhilaration to a gambler in a casino. When the roulette wheel spins and he wins a little money, he takes it and throws it back into the game – promptly losing everything. Falsely, he thinks that as he won once, he can keep on winning. A free stock trade, in the eyes of many, has to be a good deal by virtue of the fact that it’s free, but that is not necessarily the case. While you may win some, you are just as likely to lose.

Secondly, you should always ask yourself the question of why something is free. Take a closer look at it. For example, if you are offered an ETF (Exchange Traded Fund) without needing to pay a commission, why is this? Perhaps it is because the ETF is in some niche segment that you would never normally consider and is far less lucrative than other types of ETFs. It is therefore extremely important to remember that even though such a trade is offered as a free deal, nothing has changed about the underlying investment.

The “power of free” is definitely an absorbing subject. If you want to avoid getting sucked into low-quality trades or landing up with a free jar of free lemon chutney when you purchase a hideous red plastic vase for half price at the supermarket, learn more by watching Dan Ariely on YouTube, where he discusses this subject at greater length.

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/free-stock-trades-can-make-you-lose-money-heres-why/2012/07/15/

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