The Great Debate
On Sunday, Prime Minister Benjamin Netanyahu made an impassioned call for French Jews to immigrate to Israel, after a series of attacks that began on the day of the Charlie Hebdo massacre killed four in a kosher supermarket in Paris. To many, it seemed like the most natural response he could deliver. After all, this is Israel’s stated raison d’etre: to provide refuge to persecuted Jews, wherever they may be. Underlying this sentiment is a deeper one, shared by Israelis across the political spectrum. It is the idea that Jewish life is at its most meaningful, and relevant, if carried out in the Jewish state.
The brutal attack that took place in Paris Wednesday on the headquarters of the satirical weekly newspaper Charlie Hebdo, leaving at least 12 dead and more than 20 injured, could lead to dreadful consequences.
from Anatole Kaletsky:
Get ready for a “melt-up.”
Back in mid-October, as stock markets around the world plunged faster than at any time since 2011, many investors and economists feared a meltdown. But with the U.S. economy steadily expanding, monetary and fiscal policies becoming more stimulative in other parts of the world and the autumn season for financial crises now over, a melt-up seems far more likely.
from Anatole Kaletsky:
Following the grim market response to European Central Bank President Mario Draghi’s latest monetary policy pronouncements, Europe is approaching another make-or-break moment comparable to the crisis of 2012. The summer quarter ended this week, and financial markets delivered their judgment on just how bad things are, pushing the euro down to its lowest level since September 2012. Europe’s quarterly stock market performance was the worst since the nadir of the euro crisis. The question is whether the miserable summer will give way to a milder autumn. Or whether the summer squalls will turn into a catastrophic tempest.
Since few nations can go it alone militarily, alliances are now crucial for ensuring security. To mount a common defense, allies need weapon systems that can operate together. In military parlance, the ability to work with other systems and share data with them as if they were one system is known as “interoperability.”
In France, taking a person hostage or sequestering them against their will is a crime punishable by up to 20 years in jail. It also happens to be a very effective weapon in French labor disputes. Since 2009, there have been 15 incidents of “boss-napping” and only one resulted in sanctions: 11 postal workers who were fined $2,000 apiece for locking up their managers during a dispute over a change in how the mail is delivered.
When entrepreneur-turned-venture capitalist Mark Bivens first moved to Paris in 2001, he regularly introduced himself as someone who had started three software companies in the U.S., two of which had flopped. That’s a badge of honor in Silicon Valley, where failure is viewed as a rite of passage. Not in France. One day, a French colleague took Bivens aside and gave him some friendly advice: if you want to reassure people, stop talking about the companies that didn’t work out. “I soon realized that failure carries a stigma,” Bivens says.