TASE: Temple of Terror
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Temple of Terror In Bolivia, my country of forced residence, less than 50% of the people have bank accounts. Approaching an ATM is a dangerous adventure: sometimes the transaction is registered, but the money is not provided. Working with tellers is not much better; every single transaction involves several employees to make sure money wouldn’t be robbed. International transactions are a nightmare. It isn’t a secret that an American bank is financially enabling the publication of The Cross of Bethlehem The preceding two paragraphs are not the result of my being too picky. Simply, I compare every bank I work with to the Israeli ones. The last are extremely efficient and sophisticated even at their entry level. At their top level they are the basic machinery keeping the TASE – Tel Aviv’s Stock Exchange – running. Without these, the Israeli industrial and military complex would not be able to operate. Thus, errors are not permitted. Israeli banks are the true temples of this society, and the TASE is the main one, the Temple of Terror. TASE TASE is a small and cozy stock exchange. Ten companies hold 1% or more of its value, with two with well over 10%. The last two are advertised as holding only 9.5% due to local regulations; hiding thus the fact a quarter of the market is driven by two companies: Teva Pharmaceutical Industries and Israel Chemicals. Also the sectors present within the top ten companies are quite limited: aerospace and defense, pharmaceutical, chemical, banking, and telecommunication industries. Much of the industrial military output of Israel is driven by these few companies. Teva is the pharmaceutical company mentioned in The Cross of Bethlehem Awakening? In 2004, the General Assembly of the Presbyterian Church adopted a policy of "phased, selective divestment" from American corporations operating in Israel as a measure for influencing the Israeli government; the companies included: Caterpillar, Citigroup, ITT Industries, Motorola and United Technologies. Sadly, later the church made a sharp turn towards Israel, bending to American Jews’ pressure. In June 2006, the 217th General Assembly overwhelmingly (483-28) replaced the original decision, requiring now the consideration of "practical realities," a "commitment to positive outcomes" and an awareness of the potential impact of strategies on "both the Israeli and Palestinian economies." On the same month, the San Francisco Synod of that church lured me to San Francisco, claiming they’ll get political asylum for me in the USA. Trusting them, I sold my laptop and travelled there with an old Greyhound bus. Once at Berkeley’s East Bay Covenant, their lawyer told me they won’t support me since the publisher of The Cross of Bethlehem On August 15, 2010, Globes (Israel’s financial newspaper) announced that the Harvard Management Company notified the US Securities and Exchange Commission (SEC) had sold all its holdings in Israeli companies during the second quarter of 2010. This included shares in Teva, NICE, Check Point, Cellcom and Partner Communications. No reasons were given, but probably this is the result of the recognition of this Ivy League institution that it was supporting terror and maybe even that the survival chances of Israel (and thus TASE) are slim. Would other American financial institutions follow Harvard? Is this the beginning of an American awakening to international reality? Time will say; meanwhile Israel’s main Temple of Terror got a bit poorer.
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