Investing and Global Finance News

Monthly Archives: February 2015

Elio Moti Sonnenfeld: Descendant of Devotion and Kindness

Elio Moti Sonnenfeld, also known as Elio Sonnenfeld, is a modern businessman with an illustrious heritage steeped in tradition. Reaching back three generations, Elio Moti Sonnenfeld’s great grandfather was one of the great rabbis of the late 19th and early 20th centuries in Jerusalem, before the establishment of the State of Israel.

Born in Vrbové, (Slovakia), Rabbi Yosef Chaim Sonnenfeld arrived in Palestine as a young man with one of his teachers, Rabbi Avraham Shag.  As Rabbi Sonnenfeld’s great piety and devotion to learning progressed he became well-known among the residents of Palestine, and eventually he became the chief rabbi of Jerusalem. He was constantly pursuing peace and reconciliation, not only with his fellow Jews, but also with the increasingly hostile Arab population.

Soon after the Arab riots of 1929, which left many Jews dead or seriously injured, Rabbi Sonnenfeld wrote a heartfelt letter to the Arab residents of Mandatory Palestine. He urged the Arabs to understand that the Jewish community’s most treasured value is peace. He tried to reassure the Arab population that Jews had no secret plan to take over the Temple Mount, or any other Arab property. Rabbi Sonnenfeld is also famous for playing a key role in the establishment of the Diskin Orphanage in Jerusalem.

The orphanage was founded in 1880 by Rabbi Yehoshua Leib Diskin and taken over by his son, Rabbi Yitzchak Yerucham Diskin when Rabbi Yehoshua Leib passed away in 1898. Rabbi Sonnenfeld, who was a student of the older Rabbi Diskin, partnered with the younger Rabbi Diskin to create a welcoming and warm institution for the orphans and other children whose parents could no longer care for them.

Rabbi Sonnenfeld dedicated over 50 years of his life to this important project. With such a renowned heritage and ancestry as a foundation, it is no wonder that Elio Moti Sonnenfeld has been able to practice kindness and generosity through his own worthy endeavors.

Financial Advisor Population in Decline

According to a report published by Boston-based research group Cerulli Associates, the number of financial advisors in the United States has fallen for five straight years. The report points to large numbers of experienced advisors entering retirement as the cause of the decline in numbers of these professionals. In 2014 there were about 285,000 financial… Continue Reading

Hyundai Expanding into US Car Market

South Korean auto maker Hyundai Motors has announced its plans to enter the commercial auto market in Europe and the United States. The move is based on the prediction that car sales are on the rise in these markets. When the US and European consumers can expect to see Hyundai in their regions has yet… Continue Reading

Frank-Dodd Hurting Small Banks, Expert Says

Marshall Lux, former chief risk officer for consumer businesses at JP Morgan, and now senior fellow at the Kennedy School at Harvard, believes that regulation which has been enacted in the wake of the financial crisis has disproportionately harmed smaller banks in the United States. Lux has been researching the issue of how recent regulations,… Continue Reading

New Research on ETFs Shows Little Reason for Concern

Leveraged, inverse and inverse leveraged exchange-traded products first came on the scene in 2006. During the financial crisis, however, they rose to prominence as they showed outrageous returns. Many were attracted to the price swings and the opportunity to get amazing returns in a short period of time. Since that period, according to Michael Sapir,… Continue Reading

Historic Partnership: Shlomo Ben Haim and Chinese Scientific Industrial Zone

On January 23, 2015, Changzhou Mayor Gaoyun Fei met with Changzhou Science Advisor Professor Shlomo Ben Haim. Professor Ben Haim is the Chairman of the Hobart Group, an Israel-based medical technology company. Since last November 2014, Professor Ben Haim has been engaged as the Scientific & Technology Advisor to the City of Changzhou. As a… Continue Reading