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March 2023

2023 demographic update: no Arab demographic time bomb Yoram Ettinger

https://bit.ly/40ed8nH

Demography west of the Jordan River

In 2023, Israel is the only Western democracy endowed with a relatively high fertility rate, that facilitates further economic growth, which is not dependent upon migrant labor.  Moreover, Israel’s thriving demography provides for bolstered national security (larger classes of recruits), economy and technology and a more confident foreign policy.

In 2023, contrary to projections made by the demographic establishment at the end of the 19th century and during the 1940s, Israel’s Jewish fertility rate is higher than the fertility rates in all Muslim countries other than Iraq and the sub-Sahara Muslim countries.

In 2023 (based on the latest data of 2021), the Jewish fertility rate of 3.13 births per woman is higher than the 2.85 Arab fertility rate (as it has been since 2016) and the 3.01 Arab-Muslim fertility rate (as it has been since 2020).

In 2023, Israel’s Jewish fertility rate is higher than any Arab country other than Iraq’s.

In 2023, there is a race (which started in the 1990s) between the Jewish and Arab fertility rates, unlike the race between the Arab fertility rate and Jewish Aliyah (immigration), which took place in 1949-1990s (while the Jewish fertility rate was relatively low).  

In 2023, the Westernization of Arab demography persists as a derivative of modernity, urbanization, women’s enhanced social status, women’s enrollment in higher education and increased use of contraceptives. 

In 2023, in contrast to conventional demographic wisdom, Israel is not facing a potential Arab demographic time bomb in the combined areas of Judea, Samaria (the West Bank) and pre-1967 Israel. In fact, the Jewish State benefits from a robust tailwind of fertility rate and net-immigration. 

In 2023, the demographic and policy-making establishment persists in reverberating the official Palestinian numbers without due-diligence (auditing), ignoring a 100% artificial inflation of the population numbers: inclusion of overseas resident, double-counting of Jerusalem Arabs and Israeli Arabs married to Judea and Samaria Arabs, inflated birth – and deflated death – data (as documented below).

In 2023, Israel is facing a potential wave of Aliyah (Jewish immigration) of some 500,000 Olim from the Ukraine, Russia, other former Soviet republics, France, Britain, Germany, Argentina, the USA, etc., which requires Israel to approach pro-active Aliyah policy as a top national priority. 

In 2023, the Jewish demographic momentum persists (since 1995) with the secular Jewish sector making the difference, while the ultra-orthodox sector is experiencing a slight decline in fertility rate.

Why woke ‘Frisco Fed chief missed Silicon Valley Bank’s warning signs Paul Sperry

https://nypost.com/2023/03/17/why-woke-frisco-fed-chief-missed-silicon-valley-banks-warning-signs/

Wokeness has replaced competence and merit across the banking sector, and San Francisco Fed Chief Mary Daly is the poster child of this pernicious trend.

A protege of Treasury Secretary Janet Yellen and short-list candidate for Federal Reserve vice chair, Daly was supposed to be supervising Silicon Valley Bank but apparently was too busy playing politics and pushing woke agendas to regulate rogue banks like SVB, the second-biggest bank failure on record.

Daly had other priorities, including climate change, George Floyd and Black Lives Matter, inequities between blacks and whites, LGBTQ+ rights and a host of other woke social-justice issues that had nothing to do with banking and finance.

Daly’s Fed bio gushes she’s committed to “understanding the economic and financial risks of climate change and inequities.” Never mind the more existential threat of banks in her jurisdiction amassing mortgage bonds with longer maturities that exposed investors to greater interest-rate risk.

Silicon Valley Bank collapsed rapidly within 48 hours. 

In a recent LinkedIn post, Daly appeared sidetracked by racial justice, writing: “What Black voices have I lifted up? Equity & inclusion begins with me. #GeorgeFloyd.” She also posted selfies with local Black Lives Matter activists.

Meanwhile, Daly missed all the warning signs of runaway inflation, which led to the steep interest-rate hikes that made SVB’s investments worthless.