How Israel Became a High-Tech Military Superpower

How did a country smaller than El Salvador with a population of eight million and few natural resources become a military superpower within a few decades?

In The Weapon Wizards:  How Israel Became a High-Tech Military Superpower (St. Martin’s Press, 2017), authors Yaakov Katz and Amir Bohbot explain this remarkable phenomenon.  Calling on their experience as Israel Defense Forces (IDF) veterans and seasoned national security analysts, they present an intriguing and engrossing account of Israel’s defense capabilities development.  From a country lacking bullets and aircraft, Israel transformed itself into one of the most effective militaries in the world and the sixth-largest arms exporter globally.  Today, Western powers, including the U.S., France, the UK, Russia and China, all come to Israel to learn and establish joint ventures. Continue reading

Blockchain Technology – What Is It and How Will It Change Your Life?

  • Blockchain technology – What is it?
  • Latest developments – Royal Mint Gold & CME, Goldman Sachs and Santander
  • Why do we need it? It’s about value
  • Blockchain is an extension of economics
  • Blockchain allows us reduce uncertainty and risk
  • How will it change your life?

For those of you who follow anything to do with blockchain and blockchain technology,  you will know that the space has had its ups and downs in the last couple of weeks.

The exciting news is that two major players in the gold market, the Royal Mint and CME Group have announced a blockchain-backed gold project, and the surprising news is that the R3CEV consortium is apparently under threat. Continue reading

Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet

We recently noted the rise of counterparty risks in the financial system due to oil prices dropping (and leveraged derivative exposures) but as the Russia situation has deteriorated so dramatically this week, a renewed focus on bank exposures has sent stocks reeling (and credit risk soaring) among many European (and US) banks. As Bloomberg reports, Raiffeisen Bank International and Societe Generale, the European banks with most at stake in Russia, led European lenders lower. Continue reading

David Cameron warns that second global crash is looming

PM says ‘red warning lights are flashing’ against a backdrop of instability and uncertainty, as G20 summit draws to a close

David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when the financial crash brought the world to its knees six years ago.

Writing in the Guardian at the close of the G20 summit in Brisbane, Cameron says there is now “a dangerous backdrop of instability and uncertainty” that presents a real risk to the UK recovery, adding that the eurozone slowdown is already having an impact on British exports and manufacturing. Continue reading