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May 30, 2016 / 22 Iyar, 5776

Posts Tagged ‘Money’

Warren Buffet Buys Out Israeli Firm for $2 Billion

Wednesday, May 1st, 2013

Warren Buffett’s Berkshire Hathaway is paying $2.05 billion for the remaining 20 percent of IMC International Metalworking Co, otherwise known as Isracar, completing the buyout that began with the giant $4 billion purchase of 80 percent of the company in 2006.

“We are delighted to acquire the portion of the company that was retained by the Wertheimer family when IMC first became a member of the Berkshire group of companies,” Buffett said Wednesday in a statement.

“As you can surmise from the price we’re paying for the remaining interest, IMC has enjoyed very significant growth over the last seven years,” Buffett, 82, said.

Isracar employs more than 2,000 people in Israel and 7,500 others around the world.

Buffett has literally fallen in love with Israel. The 2006 purchase of most of Isracar was Buffett’s largest-ever investment outside of the United States.

When he visited Israel prior to the spectacular purchase of the precision carbide cutting tools company, he said, “If you’re going to the Middle East to look for oil, you can skip Israel. If you’re looking for brains, look no further. Israel has shown that it has a disproportionate amount of brains and energy.”

Since then, an American-Israeli consortium drilling off the Haifa coast has made the world’s largest discovery of natural gas in the past 20 years, with a strong possibility of commercial quantities of oil.

Buffet’s purchase of the rest of Isracar on Wednesday helped strengthen the shekel against the dollar, with the going rate for a greenback now less than 3.58 shekels.

Tzvi Ben-Gedalyahu

Capitalism and the Jews

Wednesday, May 1st, 2013

Is there a connection between capitalism and the Jews, or is this just an anti-Semitic canard? In the second part of this week’s Goldstein on Gelt show, Douglas Goldstein meets Professor Jerry Z. Muller of the Catholic University of America, who answers this question and more when he discusses his new book “Capitalism and the Jews.”

Doug Goldstein, CFP®

Next Israel Shekel Bills to Feature Sephardi Jew

Sunday, April 28th, 2013

The Netanyahu government is going “politically correct” and will make sure the next serious of Israel shekel bills will feature a Sephardi Jew following last year’s four new banknotes that featured only Ashkenazi Jews.

Prime Minister Binyamin Netanyahu said on Sunday he personally prefers that the “Sephardi shekel bill” feature poet Rabbi Yehuda HaLevy, calling his poetry “genius.”

Knesset Member Aryeh Deri of the Shas Sephardi religious party sharply criticized the monopoly of Ashkenazi Jews on the most recent series.

“Money adorned with an image of a Mizrahi figure is not worth less,” he said.

The Rambam, Moses Maimonides, was featured on a banknote in 1980 but is only widely-known Sephardic to be seen on Israel money.

Jewish Press News Briefs

In Hebrew: ‘To Spend Money’

Tuesday, April 23rd, 2013

לְהוֹצִיא כֶּסֶף, לְבַזְבֵּז

Term 1: לְהוֹצִיא כֶּסֶף

A while ago I did an entry on expensesהוֹצָאוֹת. To spend money or to create an expense is לְהוֹצִיא כֶּסֶף – literally, to take out money.

For example:

הִיא חוֹשֶׁבֶת פַּעֲמַיִם לִפְנֵי שֶׁהִיא מוֹצִיאָה כֶּסֶף עַל מוֹתָרוֹת.
She thinks twice before spending money on luxuries.

להוציאis an active-causative הִפְעִיל verb.

Don’t confuse this term with the one for to withdraw money from an ATM (automated teller machine) – that’s לִמְשֹוֹךְ כֶּסֶף– literally, to pull money.

למשוךis an active-simple פָּעַל verb.

Term 2: לְבַזְבֵּז

Another way of saying to spend is לְבַזְבֵּז, though people usually use this term to mean to waste.

For example:

בְּנֵי הַנֹּעַר בִּזְבִּזוּ אַלְפֵי שְׁקָלִים שֶׁל הוֹרֵיהֶם בְּמַהֲלַךְ הַקַּיִץ.
The teens spent (wasted) thousands of shekels of their parents’ money over the summer.

לבזבז is an active-intensive פִּעֵל verb.

Likewise, the noun form of לבזבז is בִּזְבּוּז. Thus, a waste of money is בזבוז כסף, a waste of time is בזבוז זְמַן, etc.

Visit Ktzat Ivrit.

Ami Steinberger

Does Handling Money Stress You Out? (Podcast)

Monday, April 8th, 2013

For many people, money is a stressful subject. How can you lower your stress levels over handling money, and how can this make you more productive? Can you use this stress positively, or does it paralyze you? On this week’s Goldstein on Gelt show, David Allen, an author, consultant, lecturer, founder and CEO of the David Allen Company tells us more.

Doug Goldstein, CFP®

The True Meaning of Financial Liberation

Sunday, March 24th, 2013

As Pesach approaches, the themes of freedom and liberation from slavery are prominent in a Jew’s mind. Indeed, the message of Pesach is one of the most powerful Jewish experiences, and many otherwise non-religious Jews find their way to a Pesach Seder.

Slavery in Egypt may seem like a distant memory to many Jewish Press readers, but take a moment to consider whether you are truly free. After all, doesn’t modern slavery come in the form of debt, overdraft, and heavy bills?

How free can you be facing bills, debts, long work hours and/or demanding employers? Can you consider yourself free if you spend nights worrying about how you will make it through the end of the month?

Maybe you and your spouse are both working full time. But those bills just keep coming in. You’re not even wasting your money on fancy vacations or designer clothes. Yet there seems to be a permanent hole in your bank account. Bills and expenses seem to pursue you wherever you go. You can feel like a slave.

Although everyone has his own story, one common thread to many families’ financial woes is that they aren’t managing their money properly. Unfortunately, money management and budgeting skills don’t occupy the same place on the school curriculum as math or history. As a result, many people never learn how to properly take care of their money, and they stumble and struggle to meet their daily expenses. Budgeting and financial planning need to be learned, no matter how old you are or at what stage of life you find yourself.

Successful finances require keeping track of spending and income. Start by keeping your receipts and noting down your daily expenses.

Learning to budget and plan efficiently can help liberate you from the slavery of overspending, fiscal disorganization, and debt.

Doug Goldstein, CFP®

Life, Banks, and the Future (Podcast)

Monday, March 18th, 2013

What can you say about banks? While ATMs and online banking mean that you can do transactions and watch your account 24 hours a day, most people have never met their bank manager and the cozy feeling of having a local bank has been lost. This week, Doug speaks to Anat Admati, author of The Bankers’ New Clothes and a professor of economics at Stanford University, who explains the ins and outs of the banking system today.

Doug Goldstein, CFP®

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/life-banks-and-the-future-podcast/2013/03/18/

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