This week the International Monetary Fund (IMF) urged Israel to phase out an unconventional monetary policy – by which it intended the Bank of Israel’s habit of intervening in the country’s forex market.
Actually, the Bank of Israel had ceased this activity during a two-month hiatus but just began again by buying between $100 million [...]
I got this from my people in NJ – they walked into Kings and saw this. Mazal Tov Tnuva!
It’s about time the good people of NJ found out what real Cottage Cheese tastes like!
It seems that sometimes our guys can’t win – even when it involves a friendly game of football. A big controversy has arisen following a commercial by Israel’s largest cellular phone company, Cellcom, in which a soccer ball comes flying over the West Bank security fence and strikes an IDF jeep going by on patrol. [...]
Ponzi scheme artist and former NASDAQ head Bernie Madoff was sentenced Monday, June 29 to 150 years in prison for his role in defrauding thousands of people out of more than $65 billion during a more than 20 year period. The 72 year former Wall Street guru, had a sort of ironic look on his [...]
The wealthiest woman in Israel tries to change her image. She is coming out with a new book, and, in its honor, breaks from her usual solitude and agrees to an interview. On her divorce from Ofer Glazer: “I love him but we’ve closed the circle”. On Dankner: “They’ve hung a man in the village [...]
In what many people are considering to be a shocker, the Netanyahu government’s Finance Ministry announced their proposed economic plan on Thursday. The Finance Minister, Yuval Steinitz (or is it really Bibi with Steinitz only filling the position as a “stooge” for Netanyahu), presented the new budget, which includes some changes that are reminiscent of [...]
Many Israelis turned on their TVs this morning, expecting to see their morning news and feature program on either Channel 2 or 10. What they got, however, was some kind of scanning sequence that went from 0 to 100 then went back to 0.
The thought of not being able to see these programs, must have [...]
Sending emails, instead of phone calls or other forms of communication (including faxes), has become so common that many people only use this method of self-expression in every day personal and business affairs. Emails are also being used to replace sending fliers and other forms of “hard copy” notices and advertising to both customers and [...]
In the last 2 days Bank Hapoalim has been basically off the air. It started with a temporary glitch and quickly turned into a full blown “Holy Crap!” type situation (would not want to be the head of IT right now!!!).
Anyway today the error message on the website was more personal and included a [...]
Strange things definitely happen in this world. And one of the strangest things is the sudden decision by Russian billionaire Arcadi Gaydamak to cancel his purchase of 51% of the shares of the non-kosher food chain Tiv Taam. Gaydamak’s previous announced buy-out of Israel’s third largest supermarket chain, albeit non-kosher, and known affectionately by many [...]
I can’t keep up. Too much happening too fast. Arkady Gaydamak (53) is all over the place. I planned to write this piece on this phenomena called Arkady (Arcadi or Arkadi) Gaydamak (an Oligarch) and as I am writing these words there are 2 new news bits that involve the Gaydamak family. This is like [...]
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