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April 18, 2014 / 18 Nisan, 5774
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Posts Tagged ‘July’

Levi Aron Gets 40 Years to Life for Killing and Dismembering Leiby Kletzky

Thursday, August 30th, 2012

Levi Aron, who killed and dismembered 8 year old Leiby Kletzky in July 2011  pleaded guilty to kidnapping and killing Kletzky, in return he received 40 years to life in prison.

Leiby Kletzky had been walking home from his Brooklym camp when, after getting lost, asked Aron, a store clerk,  for directions.

Aron then kidnapped Kletzky, drugged him, smothered him, and dismembered him. Part of the boy’s body were found in Aron’s freezer and the rest in a garbage bin.

Aron gave no explanation as to why he committed such a sick crime.

 

Neil Armstrong (82)

Saturday, August 25th, 2012

Neil Armstrong, the first man to walk on the moon on July 20, 1969, died at age 82 on Saturday, July 25, 2012.

“That’s one small step for man, one giant leap for mankind.”

JDL Vice Chairman Ari Ephraim Rubin, 30, Suicide

Saturday, August 18th, 2012

Ari Ephraim Rubin, vice chairman of the Jewish Defense League died of a self-inflicted gunshot wound on July 20.

At 30, Ari Rubin had been active in the militant JDL, rejected by mainstream Jewish organizations for its violent tactics, since his youth, and became vice chairman in 2006. He is the son of the late JDL leader Irving “Irv” Rubin.

His death was ruled a suicide by the Los Angeles County coroner’s office, whose spokesman, Craig Harvey, said that a neighbor found Rubin in his car with the self-inflicted gunshot wound to his head.

The report was confirmed by Sgt. Marty Morrow of the Glendora, Calif. police department, who said that no suicide note was found but that foul play was ruled out.

Attempts to reach members of his immediate family were unsuccessful.

In 2008, Ari Rubin visited Israel for the first time through the Birthright Israel program. He returned in 2010 to study at Aish HaTorah in Jerusalem, then “embracing the Orthodox Jewish lifestyle and striving to be a better Jewish man in the world.”

He is survived by his mother Shelley, younger brother Kelman, and numerous uncles, aunts and cousins. Graveside services were held on July 24 at Sholom Memorial Park in Sylmar, Calif.

In an obituary notice inserted by his extended family in the Pasadena Star-News on July 25, Ari Rubin was described as a life-long resident of Arcadia, who graduated with high academic honors from Pasadena City College and California State Polytechnic University, Pomona.

In reporting Ari Rubin’s death, the Jewish Defence League U.K. described his death as “another tragic loss for the Right Wing Jewish Leadership, first Rav Meir Kahane, then Binyamin Kahane. Irv Rubin and now his son. When will it end?”

Hungarian Lawyer Seeks Indictment against Nazi Hunter Efraim Zuroff

Tuesday, August 14th, 2012

A Hungarian lawyer has urged authorities to charge Nazi hunter Efraim Zuroff with making “false statements” against an alleged war criminal.

Attorney Futo Barnabas said Zuroff, director of the Simon Wiesenthal Center in Israel, should be indicted for leveling false allegations against Laszlo Csatary, whom police arrested last month. Zuroff gave testimonies to Budapest prosecutors that Csatary had organized deportations of Hungarian Jews from Kosice in 1941 and 1944.

Prosecutors dismissed the 1941 charges last week as “unsubstantiated” but are still investigating those pertaining to 1944.

Citing the dismissal, Barnabas told the conservative newspaper Magyar Nemzet that “there are valid grounds to charge Zuroff with deliberately making a false accusation.” The offense, which is meant to discourage libelous complaints, carries a five-year prison sentence, according to Barnabas.

Contacted by JTA, Barnabas said in German that he would only agree to be interviewed in Hungarian.

A spokeswoman for the Budapest prosecutor’s office, Bettina Bagoly, is quoted as telling the Hungarian paper that she was not aware of any pending investigation against Zuroff.

In 1944, Csatary was a police officer in Kassa, now Kosice in Slovakia. He is accused of organizing transports of at least 15,000 Jews to the Ukraine.

Csatary fled to Canada in 1949 after a Czechoslovakian court sentenced him in absentia to death for war crimes. He returned to Budapest 15 years ago, after Ottawa annulled his Canadian citizenship.

Based on Zuroff’s research, The Sun newspaper of London reported on Csatary’s whereabouts in July. Budapest’s chief prosecutor said on July 17 that the research “contains no new evidence.” Csatary was nonetheless placed under house arrest the next day.

Last year, a Budapest court acquitted Zuroff of libel charges. Sandor Kepiro, then a suspected war criminal, sued Zuroff for voicing the suspicions. Kepiro was acquitted last year.

Syrian 400m Hurdler Disqualified after Failing Drug Test

Sunday, August 12th, 2012

Syria’s Olympic 400m hurdler Ghfran Almouhamad has been disqualified from the Olympics after testing positive for methylhexaneamine, according to the BBC.

Almouhamad, 23, finished eighth in the second heat of the first round of the event on 5 August.

Although intended to be used as a nasal decongestant, methylhexaneamine has been marketed as a dietary supplement in combination with caffeine and other ingredients, under trade names such as Geranamine and Floradrene, to be used as a general purpose stimulant.

Almouhamad was just one of four women in the 10-member Syrian team.

It is the seventh positive case reported by the IOC since it started its testing program for the London games on 16 July. She is only the second athlete who competed in the Games who has been sanctioned for doping. The others were caught before competing.

American judoka Nick Delpopolo was expelled after testing positive for marijuana during competition, which he said he unintentionally consumed in something he ate.

Polish Diplomats Won’t Promote Book on Poles’ Conduct During WW2

Thursday, August 9th, 2012

Several Polish diplomatic missions have yet to fulfill a request by the Polish Ministry of Foreign Affairs to promote a book on their websites about Poles and their relationships with Jews during the Holocaust.

The ministry in July asked the missions to put a link to “Inferno of Choices: Poles and the Holocaust” (Rytm) on their websites, but several of the missions have not complied, the Rzeczpospolita newspaper reported Tuesday. Some Polish historians have criticized the book, accusing the authors of drawing false conclusions.

The book includes historical documents, letters and testimony that show real living conditions in Nazi-occupied Poland. The book explores Polish anti-Semitism and Poles who stole Jewish property during and after World War II.

“There are articles by outstanding Polish historians, as well as records and documents of the Polish Underground State showing historical context of extermination of Jews in Polish areas occupied by Germany,” said Marcin Bosacki, a Foreign Ministry spokesman.

The ministry says the book has a positive opinion of Yad Vashem, Israel’s Holocaust memorial museum, which has awarded the Righteous Gentile designation to more Poles than any other foreign nationals.

The book, in English, was edited by Sebastian Rejak and Elzbieta Frister.

Yoram Ettinger: Israel’s Economic Culture Praised Despite Global Financial Gloom

Wednesday, August 8th, 2012

While the global economy deteriorates and its ripple effects erode Israel’s economic indicators (e.g., unemployment increased to 7%), there is cause for optimism in the Holy Land:

–Frans Van Houten, the CEO of the Dutch giant, Philips Global recently told Globes Business Daily (Aug. 2, 2012): “Israel’s economic and organizational culture is consistent with Philips’ requirements…. Philips owes part of its enhanced performance [2nd quarter’s earnings – 17% above projections] to Israel’s excellent engineers in the imaging, data processing and data storage areas.  Philips has expanded its Israeli presence and acquisitions since 1999, when it acquired part of Israel’s Elscint, then Israel’s CDP and CDC…. Philips will expand its current 600 employee research & development center.”

–Marcos Battisti, head of Intel Capital in Europe and Israel, hired additional investment directors in Israel, expanding Intel’s pursuit of Israeli start ups.  Since 1991, Intel Capital invested in 60 Israeli companies, collaborating with Intel’s four research & development centers and two manufacturing plants in Israel (Globes, July 26).

–Israel’s Kayak raised $91MN in a Wall Street IPO led by Morgan Stanley (Globes, July 23).  Abingworth Ventures, 7 MedHealth Ventures, Arch Ventures, MPM Capital and F3 invested $38MN in a round of private placement by Israel’s Chiasma (Globes, July 24).  Battery Ventures and Bessemer Ventures led a $12MN round of private placement by Israel’s Vayyar Imaging (Globes, Aug. 3).

–Is Israel a future energy superpower?  Walter Russell Mead, Editor at-large of the Washington, DC-based bimonthly magazine The American Interest, which specializes in global economy and international affairs, July 2, 2012: “Canada and Russia are moving to step up energy relations with Israel….Israel and Canada have just signed an agreement to cooperate on the exploration and development of what could be vast shale oil reserves beneath the Jewish State…. The Russian Gazprom and Israel have announced plans to cooperate on gas extraction…. Drillers working in Israeli waters have already identified what seems to be 5 billion barrels of recoverable oil, in addition to over a trillion cubic feet of gas. Israel’s undersea gas reserves are currently estimated at about 16 trillion cubic feet and new fields continue to be rapidly found…. Another sensible target for Israeli energy diplomacy would be India… eager to diversify its energy sources…. According to the World Energy Council, a leading global energy forum, Israel may have the 3rd largest shale oil reserves in the world: something like 250 billion barrels (US – well over 1 trillion barrels; Canada – 2 trillion barrels)…. OPEC’s power to dictate world prices is likely to decline as Canadian, US, Israeli and Chinese resources come on line… An energy-rich Israel… is also going to be a more valuable ally…. The impact of Israel’s energy wealth is dramatic.  On President Putin’s visit to Jerusalem he donned a Kippah (skullcap) and went to pray at the Western Wall.  Turning to the Wall, he said: ‘here we see how the Jewish past is etched into the stones of Jerusalem….’  In the meantime, we wonder if there was an 11th Commandment at Sinai: ‘Thou shalt drill, baby, thou shalt drill.’”

Originally published at http://www.theettingerreport.com/Overseas-Investments/Israel%E2%80%99s-Economic-Culture-Praised-by-Philips-Globa.aspx 

Turkey’s Trade Deficit Reveals an Economy in Deep Trouble

Sunday, August 5th, 2012

I’ve been hammering away at Turkey’s credit bubble problem for the past eight months: consumer lending is still growing at a nearly 30% annual rate, after dipping into the teens earlier this year (I am annualizing the 3-month growth rate). But the trade data just released for June show a slowing domestic economy.

With the economy clearly slowing, where are all the loans going? The answer is indicated by the extremely high interest rates charged by Turkish banks:

At 18% interest, consumers have to borrow to pay the interest on previous loans. In other words Turkish banks are capitalizing interest, and booking profits on loans that would go sour if they stopped lending additional money to borrowers to pay the interest. The much-vaunted strength of Turkey’s banks (whose stock prices recovered smartly this year) appears to be an illusion. The economic outlook isn’t good.

From the Financial Times‘ Beyond Brics blog:

At first glance, newly released figures for Turkey’s foreign trade suggest the country’s economy is holding up well despite the travails of its neighbours in Europe.

But as ever the devil is in the detail and hidden away in the numbers are some more uncomfortable indications that darker days lie ahead for the Turkish economy.

Figures from TUIK, the statistics office, show a 30 per cent reduction in Turkey’s trade deficit, from $10.3bn in June 2011 to $7.2bn in June this year. Other figures from TIM, the Turkish exporters’ association, show exports for the 12 months to July reaching $142.6bn, a healthy 12.3 per cent up on the previous twelve months.

Taken together, the two sets of figures could suggest continued success for Turkey’s exporters, while Turkish consumers have reined in their love of expensive imported goods.

But dig a little deeper…

To begin with, according to TIM’s figures for July, Turkish exports for the month actually fell by 5.5 per cent over July 2011 while both TIM and TUIK show worrying falls in exports to Turkey’s core European markets.

According to TUIK, Turkey’s exports to the EU dropped from 48.2 per cent of the total in June 2011 to only 37.1 per cent this year. TIM’s data suggest a drop from 47.7 per cent in July last year to 40.3 per cent.

According to TIM, the bulk of the fall came in two keys sectors: automotive, which saw exports in July plunge 22.3 per cent; and ready-to-wear textiles, where exports in July fell by 12 per cent.

While the two organisations collate their figures in different ways the outlook is clear: as Europe continues to sneeze, Turkey will catch a cold.

The picture is more worrying when the effect of the weakening euro is taken into account, an effect which economy minister Zafer Caglayan estimates cost the country $550m in July alone.

So far so bad. But according to Ozgur Altug, chief economist at Istanbul’s BCG Partners, the real bad news is hidden not in weakening export figures but in the falling import figures – which helped contribute to fall in the trade deficit and to a reduction Turkey’s current account deficit from $77bn a year ago to $67bn by the end of May this year.

Altug points out that Turkey’s dependence on imported energy remains the chief culprit behind its current account deficit woes. “Despite falling oil prices, the 12 month rolling energy balance rose to $51.4bn by the end of June this year, compared with $47.8 at the end of 2011,” he says. “The government has been successful in rebalancing the economy but the structural problems such as the growing need for imported energy are still there”.

Altug warns that an improvement in the non-energy trade deficit is also illusory. He points to an 11 per cent drop in imports of intermediate goods over the first half of this year and a 16 per cent drop in consumer goods over the same period.

Both, he suggests, are a direct result of slower GDP growth, with the former suggesting a drop in imports of capital goods used to expand output, the latter indicting declining consumer confidence. The root problem, he suggests, is Turkey’s failure to capitalise on years of rapid economic expansion to increase the contribution of exports to the overall economy.

Printed from: http://www.jewishpress.com/indepth/analysis/turkeys-trade-deficit-reveals-an-economy-in-deep-trouble/2012/08/05/

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