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☆ Gold rangebound as traders await economic data
▼ + stars: | 2022-12-22 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold edged up on Thursday, helped by a softer dollar in holiday-thinned trading, but prices moved in a tight range as market participants awaited economic data for further direction. Spot gold rose 0.2% to $1,818.40 per ounce as of 0225 GMT. The Federal Reserve lowered its pace of rate hikes gradually to 50 bps in December after four straight 75 bps rate hikes. However, Fed Chair Jerome Powell has signaled that the U.S. central bank will deliver more rate hikes next year.

☆ Thanksgiving Was Born From America’s Struggles
▼ + stars: | 2022-11-23 | by ( Meir Soloveichik | ) www.wsj.com time to read: 1 min

Norman Rockwell’s painting “Freedom From Want” is perhaps the most famous artistic depiction of an American Thanksgiving, showing a family joyfully gathered round an enormous turkey. For Rockwell, the abundance of the meal was the point, reflecting the ideal Franklin Roosevelt named in his famous “Four Freedoms” speech. Equally notable is the tranquility of the family gathering. This year, it’s easy to wonder if Rockwell’s Thanksgiving has any relevance to our own. Soaring inflation has made big dinners less easy to afford, and many family gatherings will feature acrimonious discussions about the state of the country.

☆ Gold flat as market awaits Fed minutes for rate-hike path
▼ + stars: | 2022-11-23 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices were flat on Wednesday, as investors held back from making big bets ahead of the U.S. Federal Reserve's latest policy meeting minutes, which could offer clues on further interest rate hikes. "There is some nervousness in the market ahead of the Fed minutes," said Edward Meir, an analyst with ED&F Man Capital Markets. Market participants are awaiting the minutes of Fed's Nov. 1-2 policy meeting due at 1900 GMT. Although gold is seen as a hedge against inflation, rising U.S. interest rates dull non-yielding bullion's appeal.

About 90 minutes later, the rocket's upper stage propelled the Orion capsule out of Earth orbit and on its trajectory to the moon, NASA said. And it was quite a sight," Artemis mission manager Mike Sarafin told a post-launch NASA briefing, using words from biblical scripture. LAUNCH PAD HEROICSWednesday's launch was not without its own drama. [1/2] NASA's next-generation moon rocket, the Space Launch System (SLS) rocket with the Orion crew capsule, lifts off from launch complex 39-B on the unmanned Artemis 1 mission to the moon, seen from Sebastian, Florida, U.S. November 16, 2022. It was so bright, so loud, you could feel it," said NASA astronaut Jessica Meir, an Artemis crew candidate.

CAPE CANAVERAL, Fla., Nov 16 (Reuters) - NASA's towering next-generation moon rocket blasted off from Florida early on Wednesday on its debut flight, a crewless voyage inaugurating the U.S. space agency's Artemis exploration program 50 years after the final Apollo moon mission. [1/3] NASA's next-generation moon rocket, the Space Launch System (SLS) rocket with the Orion crew capsule, lifts off from launch complex 39-B on the unmanned Artemis1 mission to the moon at Cape Canaveral, Florida, U.S. November 16, 2022. REUTERS/Joe Skipper 1 2 3Addressing mission control moments after liftoff, Artemis launch director Charlie Blackwell-Thompson saluted the hard work of her colleagues. SPACEFLIGHT STRESS TESTGetting the SLS-Orion spacecraft off the ground was a key hurdle for the ambitious Artemis program. NASA's Office of Inspector General has projected total Artemis costs at $93 billion by 2025.

☆ Israel’s Netanyahu given chance to form far-right government
▼ + stars: | 2022-11-11 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

He will formally present Netanyahu with the task on Sunday and give him a month to cobble together a governing coalition with a majority in the 120-seat Knesset. Netanyahu had governed Israel for 12 successive years before being being ousted by a broad but fragile coalition in 2021. Those recommending Netanyahu included Ben Gvir’s Jewish Power party, the ultranationalist Religious Zionist party, the openly homophobic Noam faction, and other ultra-Orthodox parties. Like its previous repeated elections, Israel’s Nov. 1 vote was largely centered on Netanyahu’s fitness to rule. Critics see him as a crook who threatens Israel’s democratic institutions by placing his legal woes above the national interest.

But while the notion of a potential shift in Federal Reserve policy is perfectly reasonable and logical, the word "pivot" - like "transitory" and others before it - should be binned. Shorthand can easily morph into broad-brushed assumptions, leaving traders tied in knots over particular words without really understanding their meaning. When everyone's models are programmed to grab the same word, phrase, or signal, herding behavior and one-way markets can ensue. chartSimilarly, the current obsession on when the Fed will "pivot" away from its most aggressive rate-hiking campaign in 40 years has been perhaps the single biggest driver of financial markets in recent months. chartAvoiding talk of a pivot will reduce the risk of damaging the Fed's credibility in the eyes of some sections of the public and financial markets, as happened with "transitory."

☆ Israel's Ben-Gvir booed as he disavows far-right rabbi
▼ + stars: | 2022-11-10 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

Israeli TV aired his eulogy for Kahane, who was shot by an Egyptian-American militant in Manhattan 32 years ago this week. Ben-Gvir also supports Jewish prayer on a flashpoint Jerusalem holy site that houses al-Aqsa mosque and which is a vestige of ancient Jewish temples. "We'll see who gets to be in these positions and what positions they take vis-a-vis their positions," U.S. Ambassador Tom Nides told Israel's Kan radio when asked about Ben-Gvir during a Wednesday interview broadcast on Thursday. Reporting by Dan Williams; Additional reporting by Henriette Chacar; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.

☆ Spain's startup scene has gone from a desert crossing to a $4 billion burgeoning industry. Now, it plans to cut red tape to birth a new batch of unicorns.
▼ + stars: | 2022-10-11 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Spanish startups lured a record $4.1 billion from investors in 2021, according to PitchBook. The government hopes its new Startup Law will help birth an array of new unicorns. In 2016, Lucas Carné sold his fashion marketplace startup Privalia for around 500 million euros (around $495 million) in a landmark deal for the Spanish tech ecosystem. Privalia's sale to its enlarged French counterpart Ventee-Privee – since rebranded as VeePee – illustrated just how far the Spanish startup scene had changed in the space of 10 years. Spanish startups secured a record $4.1 billion in 2021 – more than double that of 2020 –, according to PitchBook data.

☆ The Meaning of a Yom Kippur Prayer
▼ + stars: | 2022-09-26 | by ( Meir Soloveichik | ) www.wsj.com time to read: +1 min

Sunday, Sept. 25, marks the beginning of one of the most important periods of the Jewish calendar. Rosh Hashana, the New Year, begins Sunday night, followed 10 days later by Yom Kippur, the Day of Atonement. Many Jews who do not attend synagogue regularly make sure to be present for the evening prayer service that marks the start of Yom Kippur, when worshipers recite Kol Nidrei, perhaps the most famous passage in Jewish liturgy—and one of the least understood. At first sight Kol Nidrei (also known as Kal Nidrei), which roughly translates to “all vows,” may seem technical and prosaic, entirely out of place for the holiest day of the Jewish year. One common version reads: “All vows, prohibitions, bans, oaths, restrictions, penalties and oaths of dedication, that we will utter and swear, and take upon ourselves, from this Day of Atonement until the next Day of Atonement, to come in goodness; all these [vows] I regret; let all of them be discarded and forgiven, abolished and undone; they are not valid and they are not binding.” As mundane as this may seem, by acknowledging the human temptation to take vows we will later regret, this legal formula offers an important message about the power of regret to foster lasting change in our lives.

☆ Analysis: Iran's leaders are safe but protests raise the stakes over imposing veil
▼ + stars: | 2022-09-23 | by ( Michael Georgy | ) www.reuters.com time to read: +4 min

"The death of Mahsa Amiri released decades of suppressed energy and will among women to fight back. Under Iran's Islamic Sharia law, imposed after the 1979 revolution, women are obliged to cover their hair and wear long, loose-fitting clothes to conceal their figures. While that defiance is common, the shock over Amini's death and nationwide protests have raised the stakes as Iranian women call for more freedoms. In 2014, rights activist Masih Alinejad started a Facebook campaign "My Stealthy Freedom", where she shared pictures of unveiled Iranian women sent to her. "The protests pose less of a risk to immediate government stability than to its legitimacy and sustainability over the longer term."

☆ Cum timp de 7 ani se va încerca reducerea numărului de maşini în Tel Aviv
▼ + stars: | 2018-04-04 | by ( ) www.jurnal.md time to read: +2 min

Acesta a fost numit „Na’im Leyarok 3” („Moving to Green 3”), iar obiectivul său principal este de a reduce congestionarea pe drumurile din Tel Aviv (orașul și suburbiile sale). Voluntarii vor fi recrutați din tot Israelul, însă jumătate dintre aceștia trebuie să locuiască neapărat într-unul dintre orașele satelit ale metropolei Tel Aviv. În vehiculul participantului la experiment va fi instalat un echipament telematic, prin intermediul căruia va fi posibilă urmărirea numărului total de călătorii, a traseelor parcurse și separat – numărul de călătorii în timpul orelor de vârf. Acesta din urmă va putea pune la dispoziţie moduri alternative de transport, va afişa informaţii despre contul participantului la experiment și istoricul călătoriilor făcute. Proiectul a fost aprobat în totalitate de ministerele de resort locale şi dacă va aduce rezultate pozitive, după aceşti şapte ani se va transforma într-un program naţional.

Persons: Ben, Meir Organizations: Israelul Locations: Israel, Tel Aviv

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