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October 26, 2016 / 24 Tishri, 5777

Posts Tagged ‘TA’

Head of Search in TA Building Collapse, as 3rd Dead Discovered: Time Not on our Side

Tuesday, September 6th, 2016

“Time is not on our side,” said Home Front Command chief for the Metropolitan Tel Aviv District Colonel Amir Ulu, who described the challenges facing hundreds of rescue workers at the collapsed building where three have died—the third victim discovered Tuesday morning—and 23 injured so far. On Monday night the rescuers lost contact with two victims who until then could be heard from under the layers of dirt and destruction. “The more time passes, the more problematic it becomes to find living victims, although in the past we’ve rescued collapse victims after 30 hours,” Ulu said.

Rescue worker with dog at the site of the building collapse September 5, 2016 in Ramat Hakhayal, Tel Aviv.

Rescue worker with dog at the site of the building collapse September 5, 2016 in Ramat Hakhayal, Tel Aviv.

As dark was setting at the collapsed, 4-story parking garage under construction in Ramat HaKhayal in north Tel Aviv, the rescue teams mapped the construction site, but the dimensions and sheer mass of the detritus and debris posed a significant difficulty. “It can take us hours to reach each one of the mapped areas,” Yonatan Raz, Ulu’s deputy, told Walla. “But the command’s decision is that we’re not leaving. We have the capacity to remain here for 48 hours, with the hope of finding trapped victims who are still alive.”

The rescuers believe there are four more people under the collapsed structure. Overnight the site was flooded with high voltage lights and shifts were changed frequently, to maintain the workers’ alertness. The rescuers are fearing additional collapses in two spots, which they continue to monitor. “The structure has stopped moving, which is good news,” Ulu said Tuesday morning.

Ulu related that only a week ago, commanders from the Home Front Corp, Police and MDA underwent a course intended to regulate communications between them in the event of a major disaster, “And here we are, applying what we’ve learned, unfortunately,” Ulu concluded.

David Israel

Israel: World’s Safest Place to Invest

Tuesday, February 21st, 2012

Israel is the most likely country in the developed world to provide riskless returns on investments, according to a report in Bloomberg Businessweek.

Despite  a month-long war with Hizbullah in 2006, Operation Cast Lead against Hamas in 2008, existential threats from a pre-nuclear Iran, international and regional pressures, and internal socio-political and land turmoil, the Tel Aviv TA-25 Index returned 7.6 percent in the past decade, the highest amount of any of the 24 developed-nation benchmark indexes.  The next best index was Hong Kong’s Hang Seng Index, followed by Norway’s OBX.

The past 10 years saw investments by US investment tycoon Warren Buffett, Apple, International Business Machines Corp, Intel, and others.

The Israeli gauge returned 161 percent including dividends over the last decade, according to Bloomberg, coming behind Norway and Hong Kong.  But it was considered significantly more stable than either.

Governor of the Bank of Israel Stanley Fischer, is credited with much of the Israeli economy’s growth and stability.  Fischer is serving his second term, and has been a proponent of buying large amounts of foreign currency in an effort to help exports, which account for 40 percent of Israel’s gross domestic product.

Israel’s economy expanded approximately 4.8 percent in 2011, according to the International Monetary Fund, compared with 1.7 percent growth for the U.S.

Finance Ministry projections show Israel’s gross domestic product is expected to grow 3.2 percent in 2012, almost three  times the 1.2 percent average for the Group of 10 countries.

This year, the TA-25 had its best early part of the year since 1997, with a 3.1 percent rally in January, according to Bloomberg.  Teva pharmaceuticals and Dead Sea harvester Israel Chemicals comprise over 20 percent of the TA-25, but earn less than 6 percent of their revenues in Israel.

Malkah Fleisher

Printed from: http://www.jewishpress.com/sections/businessfinance/israel-worlds-safest-place-to-invest/2012/02/21/

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