Fruit growers in Israel have reported delays and reductions in orders from abroad since the military operation in Gaza was launched, due to various boycotts against Israeli produce.
Farmers say much of their produce is being held in warehouses due to canceled orders, and fear a sharp decrease in fruit exports to countries such as Jordan, Britain, and the Scandinavian countries.
“We export persimmons, and because of the fighting a number of countries and distributors are canceling orders,” Giora Almagor, of the southern town of Bitzaron, told Ynet. He said some of the produce had already been shipped while some was awaiting shipment in warehouses.
Almagor said a large number of cancellations came from Jordan. “The produce stays packed in warehouses, and this is causing us massive losses,” he said.
The best investment story of 2008 relates to a banker who had a modest shareholding in his employer – a storied investment bank. Upon being transferred to London, he sold the stock to finance a Range Rover. As business in London turned down, the banker was transferred to Dubai.
When selling his Range Rover, he suffered a loss of around 50% of the price he paid barely six month ago. The interesting thing was that the proceeds from the sale of the car (despite the 50% loss) would have allowed the banker to purchase five times the number of shares he sold to finance the car. 2008 is perhaps the only year on record in which a distressed price for a Range Rover outperformed equities.
In Iceland, where there is an oversupply of Range Rovers as the economic good time ended, the cars are now known as “Game Overs”. For investors 2008 was also a case of game over.
In an alarming development with wide-reaching implications for America’s safety, Department of Homeland Security head Michael Chertoff and CIA Director Michael Hayden issued a joint report Monday warning that the next 9/11 could in fact occur on a different date.
The report, based on intelligence gathered by field-agents, found that a future 9/11 might take place on an entirely new month and day, including 4/24, 6/13, or even 10/12. According to the report, the nation could realistically find itself in the midst of a 5/25 scenario, as well as a potential 3/14 situation in the months to come.
8/28, 6/19, and 11/7 were also cited as possible 9/11s.
“While 9/11 has historically always fallen on 9/11, we as Americans need to be prepared for a wide range of dates,” Chertoff said during a White House press conference. “There’s a chance we could all find ourselves living in a post-6/10 world as early as next July. Unless, that is, we’re already living in a pre-2/14 world.”
“1/1, 1/2, 1/3, 1/4, 1/5,” Chertoff continued for nearly 45 minutes, “12/28, 12/29, 12/30, 12/31—these are all plausible and serious threats.”
Part of the debtor mentality is a constant, frantically suppressed undercurrent of terror. We have one of the highest debt-to-income ratios in the world, and apparently most of us are two paychecks from the street. Those in power — governments, employers — exploit this, to great effect. Frightened people are obedient — not just physically, but intellectually and emotionally. If your employer tells you to work overtime, and you know that refusing could jeopardize everything you have, then not only do you work the overtime, but you convince yourself that you’re doing it voluntarily, out of loyalty to the company; because the alternative is to acknowledge that you are living in terror. Before you know it, you’ve persuaded yourself that you have a profound emotional attachment to some vast multinational corporation: you’ve indentured not just your working hours, but your entire thought process. The only people who are capable of either unfettered action or unfettered thought are those who — either because they’re heroically brave, or because they’re insane, or because they know themselves to be safe — are free from fear.
Quote is from The Likeness, a novel set in Ireland, by Tana French.
09_krispykreme_lg_l.jpg (JPEG Image, 320×375 pixels).jpgKrispy Kreme, being the genial purveyor of glazed goodness that it is, decided to get in on the Obama inauguration craze and is offering one free doughnut to every costumer on January 20, Inauguration day, and released this seemingly innocuous press release:
“Krispy Kreme Doughnuts, Inc. (NYSE: KKD) is honoring American’s sense of pride and freedom of choice on Inauguration Day, by offering a free doughnut of choice to every customer on this historic day, Jan. 20. By doing so, participating Krispy Kreme stores nationwide are making an oath to tasty goodies — just another reminder of how oh-so-sweet ‘free’ can be.”
Well, The American Life League noticed the liberal use of the word choice and decided to blast the chain bakery for producing abortion doughnuts.
Holy shit, these people are stupid.