There is a great video over at Aish.com, as part of there ‘Heroes of Israel’ feature. This time Rabbi Yehoshua Fass of the Nefesh B’Nefesh organization is featured. He is truly inspiring as he tells the story of why to make Aliyah to Israel. He tells the story of how his cousin was murdered by a terrorist, and that to fight terrorism, he decided to move to Israel.

For old time Israelis or people living abroad thinking of making the big move, this video is certainly worth the watch.

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Will the International Securities regulators pull their planned conference in tel Aviv, Israel, to protest Israeli efforts to combat terrorism? According to a report in Globes: “Sources inform ”Globes” that the Organization of Securities Commissions (IOSCO) threatened to cancel its 34th Annual Conference scheduled to take place in Tel Aviv in June, in protest against Operation Cast Lead. Following efforts by the Israel Securities Authority, the conference will take place. The Securities Authority is hosting the IOSCO, reflecting its respect among its international peers. At a previous IOSCO conference, former Securities Authority chairman Moshe Terry strove hard to persuade IOSCO officials to hold the conference in Israel.”

Humm… It sounds to be like the organization is trying to deflect criticism of their role in the financial mess, by entering the realm of politics, and blaming Israel, for defending herself. How about protecting investors from the Madoff’s and Sanford’s of the world and leave Israel alone?

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While travelers have complained about the service for decades, no one has doubted the safety precautions that the Israeli airline, El Al takes. Travelers have always been willing to pay higher fares and get lower quality of service in order to make it safely to their destination.

It then comes as no surprise that Israel has taken home the award for safest airline.

According to a report in Ynet: “The International Air Transport Association (IATA) has named El Al the winner of the Operational Safety Audit program (IOSA), for the second year in a row.” “The IOSA program, which evaluates systems designed to assess the operational management and control systems of an airline, as well as its safety procedures, is considered the strictest of its kind.”

In today’s age of global terrorism, it’s good to know that you are flying a safe airline.

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Aaron Katsman
IsraelNewsletter.com

In what could be seen as a sad reality, on the heels of today’s terror attack in the heart of Israel’s capital city of Jerusalem, the Israeli Shekel is rallying more than 1.5% against both the Euro and the US Dollar. It used to be that after a terror attack the Shekel would drop. Unfortunately, after years and years of living with terrorism, today’s attack which has left at least 4 innocent people dead and scores injured, has had no effect on the currency market. The shekel continues to be one of the strongest currencies in the world, even in the face of continued terrorism, missile attacks in the south, and the threat of some type of military conflict with Iran.

It’s a pretty sad state of affairs that we have become so anesthetized by terrorism that it makes virtually no impact in our lives.  We just continue on as if nothing has happened. Our thoughts and prayers are with the families of those that were killed, and we wish a speedy recovery to those injured.

Disclosure: Author’s fund has no position in any stock mentioned as of 7/02/08.

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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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