This is a commercial of the 013 Barak Telecommunications company in Israel. I hope you will enjoy it as I did.

PS: The subtitles at the very end mean: “In real life, this is still not possible. But over the internet, links like these are created on a daily basis”.

I was talking the other day over the phone with my good friend “A”, and he told me how he saw the convoy of the President of the United States passing through the streets around his office. All the streets were closed, and of course, traffic jams were all around.

So, I told him about the [...]

Well, yes, I know what your first thoughts are. There is no way we can explain relationships with economic science. But let me tell you what I think. As in my first post, everybody acts on a rational way, seeing his own set of information, and having their own incentives to achieve a better utility… [...]

Economists often refer to an equilibrium called ‘Poverty Trap’ – which is an scenario in which people experience poverty because of facts that are out of their control – thus, staying poor forever.

Without getting too much into the economics, I wanted to share with you an ‘alternative’ explanation of this phenomenon, which I saw in [...]