Since 1974 Turkey has occupied 40% of Cyprus, constituting in what the international community holds is an illegal occupation. In that time Turkey has driven out the Greek Cypriots from the Turkish enclave in the northern part of the…
When I came to Israel in 1984 the country was an economic disaster. Annual inflation was running at 1200%, companies paid bills in the afternoon to save 1.5% and when you received your monthly salary you made sure to…
The price of Bitcoin continues its ascent (as of this writing, the price is $10,800) as the ongoing global currency reset comes into greater focus. Japan has led the way in recent weeks, as approximately 60% of Bitcoin transactions have been conducted in…
The shekel/dollar has fell below the key NIS 3.50/$ rate reaching 3.497. In a further example of a strengthening Israeli economy due to its diversification of trading partners, the exchange rate between the shekel and dollar has continued to…
As the Indian-Israeli relationship continues to grow and mature to something akin to long-lost cousins rediscovering each other, something strange appears to have happened. The Indian MoD has decided to cancel a $500 million deal for anti-tank missiles signed…
A major risk to the solvency of the banking industry is the notional amount of financial instruments such as interest rate swaps known as derivatives. A recent report stated that US banks have over $200 trillion of derivatives exposure. This…