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January 18, 2012

U.S. expects Iran sanctions to bear results within two months

The Obama administration expects a significant drop in foreign dealings with the Central Bank of Iran in the next two months.

U.S. officials launched a campaign to have countries that deal with Iran to comply with new sanctions as soon as President Obama signed them into law on Dec. 31, a senior administration official said Wednesday in a briefing for Israeli and Jewish media.

The sanctions in the law target third parties that deal with Iran’s financial and energy sectors; for years the United States has banned dealings by its own citizens with those sectors.

The sanctions on non-petroleum dealings with Iran’s financial sector kick in within 60 days of the signing, and the Obama administration expects “significant” changes by that time.

Sanctions on Iran’s energy sector are expected to have an effect within three months, the official said, reflecting the timelines for such sanctions written into the law.

Much of the effort has focused on persuading nations that deal with Iran to diversify their intake of oil from other suppliers, notably Saudi Arabia and Libya, or conversely on having those countries use the sanctions as leverage to force Iran to heavily discount its oil.

In the latter case, the countries would agree to backchannel deals with Iran to avert U.S. sanctions and demand a cut in price as compensation.

There are signs that China and India, both major purchasers of Iranian oil, already have responded, the official said. China has sought discounts from the Iranians and is seeking to diversify its intake, as is India, the official said.

The overall goal of the sanctions is to cut income to Iran. The official said the Obama administration has calculated that the sanctions will not affect U.S. gasoline prices.

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The Economics of Generosity: A Homeless Man’s Advice to Restaurateurs

If you want your restaurant to prosper, give free food to the homeless. This is according to the anecdotal evidence put forward by my homeless friend Yehuda. Yehuda has been on the streets for five years in Los Angeles and can can’t shake a heroin addiction. He lives on small change from kind souls … and restaurants. Yehuda once had a thriving window dressing business and a million friends. Today he depends on people’s leftovers and meals from generous restaurants for his fare.

Yehuda taught me this important lesson when a recently opened, kosher-certified, national franchise shut down, much to the surprise of the neighborhood. The story followed an arc that Yehudah had seen before.

Yehudah began approaching the new fast-food sandwich shop that had opened on his regular stretch of road. They were generous with Yehuda, offering him a sandwich as much as once a day. The food went a long way to sustaining him, and a few other homeless Jews who call Pico-Robertson home.

The new gleaming store was packed the first few months. But as time went on, the crowds became thinner. Eventually, the free sandwiches became less and less frequent. The worse business got, the more they resented him. Soon they stopped giving him food. Within months the restaurant had closed its doors. A successful national franchise, on a popular restaurant block, with special kosher certification, was now a thing of memory.

If this were one isolated case, it would not prove anything. But it was not.

Over the course of these five years, Yehudah has seen other restaurants come and go. The same pattern of generosity followed by hostility accompanied the downfall of all those restaurants. There was one place that chased him out with a broom — they were closed within a month. It didn’t matter that Yehudah warned them against treating the homeless this way. He warned them that their tight fist, would be their downfall. But who is going to listen to a junkie homeless man for business advice? Nobody it seems.

One of the businessmen that didn’t treat Yehudah well, who subsequently opened a new shop after his latest one failed, began to see that Yehudah had a point. He started giving Yehudah food every day. Whenever Yehudah stopped by, he was sure to walk away with something fresh to eat. Yehuda said the business was booming.

I went to check this out for myself.

Passing by this establishment for the last six months, I can attest that the place is thriving. Customers line up for food. They run out of product all the time. The owner is happy, and the business, even in these times when small restaurants are really hurting, is thriving.

Restaurants often chase the homeless away, instead of inviting them to the backdoor for a warm meal. We, the customers, loathe their pan-handling when we are trying to have a coffee with friends. We resent them for interfering with our plans to go and get something to eat, and for making us feel guilty. Let someone else give them a hand, I have heard said too many times.

Prosperity is not deserved, but is a blessing bestowed by God. The Torah teaches that when a person puts out his or her hand, it is a commandment to fill it. Therefor it is not surprising that the Torah’s economic principles can be a lesson to us all. Generosity begets blessing.

Hopefully, someday soon, our MBA students will learn about the economics of generosity, and restaurants that want to have a fighting chance, will adopt Yehuda’s simple business plan.

Follow Rabbi Yonah Bookstein on Twitter: www.twitter.com/RabbiYonah

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Bibi tables talk on extending law delaying military service

Israeli Prime Minister Benjamin Netanyahu has delayed discussion of extending a law for five more years that allows yeshiva students to delay their military service.

Netanyahu said in a statement issued from his office Wednesday that he will talk about the length of the extension of the Tal Law with his coalition and then submit a proposal to his Cabinet.

On Monday, Netanyahu said he would ask the Cabinet to extend the law, which was adopted 10 years ago to allow haredi Orthodox students to delay military service and then make the transition to a shorter service, for five more years.

Defense Minister Ehud Barak on the same day called for the law to be extended for one more year, saying the law “has failed to live up to our expectations,” while lawmakers came up with a different solution.

In 2011, 2,361 haredi men enlisted in the Israel Defense Forces and national service, a 40 percent increase over the previous year, according to the Prime Minister’s Office. The numbers have tripled since 2008.

The Tal Law allows yeshiva students older than 22 to take a year off their studies for professional training without being drafted. In doing so they must commit to a shorter army service or a year of national service, or return to yeshiva studies.

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Irritable Week Syndrome

Life is hard sometimes, especially when you have irritabile bowel syndrome. As a long-time survivor, I’ve learned to cope. Though this past week my irritibilty went straight from my bowels to my head.

It started at 9am when my co-worker Greg popped into my neighbor Matt’s cubicle to analyze the play “Clybourne Park,” which I was hoping to see at the Mark Taper Theater.

“I really appreciated the metaphors about gentrification,” Greg began.

“Yea, it’s one of those plays that really makes you think.”

“I like how the play shifts from the 50’s to present day.”

“Yea, you realize not much changes in terms of class struggle.”

“Do you mind not giving away the ending?” I interjected.

“Wo! Elliot, the grouch.”

“Sorry, I want to see the play and you are giving a scene by scene synoposis. At least give me a spoiler alert!”

Then my company hired another Elliot without consulting me first. A slap in the face if there ever was one.  He’s a sports writer and also a Steeler fan and to his credit, seems like a really nice guy, but every time I heard my name I turned around and found the team shaking Elliot’s hand and patting him on the back. What did he do? He’s only been here a day.

“How are we going to tell the Elliots apart?”

“It’s kind of obvious. He’s the black Elliot.”

That isn’t p.c. so he’s Elliot S, the Steeler fan. That’s also me!

For our company meeting we ordered chinese food – Mongolian Beef, Orange Chicken, Shrimp with Walnuts, lo mein, string beens. There were three giant trays left over. My plan was to eat the leftovers for lunch. Since my cubicle is closest to the kitchen I know the shelves. I know who the Almond milk belongs to, I see Kimi’s Pomegrenate juice. There is an unmarked chicken pot pie in the freezer. If that was mine I wouldn’t put my name on it either. For all intents and purposes the company’s chinese food was mine, that is until Tracey noticed the Chinese food in the refrigerator. On her way back to her cubicle she announced, “I’m going to eat leftover Chinese for lunch. There is a lot left!”

Way to steal my idea! “Jesus! If you tell the whole office, there will be nothing left over.”

I calmed down until the morning of “Bagel Thursday.”  The office rushes into the kitchen spreading their flavored cream cheese and sharing their plans for the weekend. I’m trying to cut down on carbs so I pretend I’m not temped by the nearby sesames. It’s hard to to focus and harder making a phone call when co-workers are yelling, laughing, and singing during bagel mania and then leaving one of the poppies to burn in the toaster.

“Jesus, Christopher! Who left the toaster on?”

“Elliot the grouch is back.”

“Yea, I’m the bad guy!”

My buddy Richard came over to pound me up. “How are you, sir?”

“Yo, not great. I know I’m supposed to be in a great mood because I work in an office, but I’m a human being. Sometimes I’m not in a good mood. ”

“Like today?” Matt yelled.

“Exactly!”

Fortunately, I had a date that night. I picked up Jessica en route to an indie rock show at the Echo. I drove a block past the Echo, the biggest mistake of my life.

“Wo!! Is that a space??” She yelled. “How about that?? How far are you driving?? You can park on a side street you know!”

“Yea, you may need to relax.”

Jessica complained about walking three blocks, the weather, waiting in line, the crowded bar and being tired. Was she also suffering from Irritible Week Syndrome? Worse, was this how I sounded all week? She downed the $13 “Old Fashioned” I paid for in three gulps.

“I’m tired. Do you mind taking me home?”

“It’s safe to walk.It’s not like Echo Park is a sketchy part of town.”

I went home, did a few pull ups, and checked my Facebook and saw a status update from Richard. 

“Two years ago my life was taken advantage of in the worst possible way,” It read. “Since then, although life has thrown some curve balls my way, I can’t be happier at the fact that no matter what happened in the past has only made me a stronger, more resilient person.”

Thanks to Richard for putting my own struggles in perspective. Next time I will plug my ears when co-workers reveal important plot points, and accept that other people in the office are entitled to the same Chinese food that was not even mine to begin with. I appreciate that there is now another Elliot in the office and the fact that he is black is awesome. And any female who would complain as much as Jessica will make it easier for me to ask Jdate for a full refund. 

I’m happy to share the irritability has returned back to my bowels. It’s nice to be back to normal.

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