Monday, September 30, 2013
If you take a stroll through a mall or visit a new apartment construction sales office, Israel feels more like America in the 1970s or Spain in 2000. For that matter probably Moscow or Beijing or even Rio De Janeiro of the last decade: strong economic growth and growing consumer spending driven by new credit policies. In Israel, large mortgages were unheard of fifteen years ago. Today, a couple with steady income record can get 50% montage without too much trouble. The banks have flooded the market with so much cash, housing prices have been on the rise regardless of supply and lately regardless of geographic location inside Israel. Even apartments if remote towns are rising in prices while supply is plentiful. Builders simply "up-sell" by loading up large apartments with high end finishes. The same goes for consumer products. There are more luxury malls and luxury shops everywhere. Just recently the luxury Italian car companies Maserati and Ferrari hung up their brand symbols on a central Tel Aviv building (just across from the central train station). If you want Rolex, go down to the new luxury building on Ibn Gvirol, a street considered tired and rundown just five years ago. The push by the market is not limited to luxury items. In the middle areas, there are even more signs of strong growth and credit use.Read More...
Sunday, September 15, 2013
"We are the children of the winter of 73 ...
"You promised a dove, an olive branch,
"You promised peace, at home, you promised spring, blooms "
This controversial song is raising old memories and complaints about the balance between hope and reality. When the two clash, like during and after the Yom Kippur war, idealism about peace and promises to children, seem like something cruel or at least out of touch with reality. Then there are the voices who claim to never believe the naive view of "peace next year" propaganda songs (especially from IDF musical groups). Regardless of your views or beliefs, the wars in Israel, hard and painful, Israeli military bands perform incredibly nice, to the point of "too nice" (syrupy sweet some would describe them) for a band that suppose to motivate troops to the front. Here in Israel you will not find anything close to a Russian army chorus belting out propaganda songs a-la-World War II. You will also not find the European or American brass bands leading a long march of well heeded marching units. So what is this Israeli style army bands suppose to do?Read More...
Tuesday, September 10, 2013
Thursday, September 5, 2013
|Graphical representation of Israel's electronic snooping story: People & Tech|
Monday, September 2, 2013
|Israel Aerospace Industries Amos 4 Communication Satellite - Sept. 2013|