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COFES Blog
By Joel Orr on
7/3/2007
I'm in Israel right now, on my honeymoon. It's hard to find Israeli engineering technology. No, wait, I don't mean it that way; there is a lot of engineering software coming from this tiny country. There are names you'll recognize right away - Cimatron, Smarteam - and others with which you may not be familiar, such as Amdocs and Yedda.com, neither of which is particularly engineering-oriented, but both of which have products working in engineering firms worldwide.No, what I mean is that these firms are so cool, so savvy, so web, that the fact of their being Israeli elicits no more than "so what?"High tech is burgeoning in Israel. The country has cracked the marketing code. You may find out that many applications you use regularly are Israeli under the skin. Of course, many do not advertise that fact; anti-semitism is alive and well in the world today.But if you are looking for a location for a development center, with easy access to talent - talent that is not as cheap as Indian or Russian, but not as expensive...
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By Russ Henke on
7/1/2007 3:59 AM
It’s often surprising to find immediate corroboration of a theme for blog entries that appear in this space. Not two days after the previous June 24 & 25 blog items were published here about “The Rich Getting Richer", Merrill Lynch and the Cap Gemini Group released their annual World Wealth Report. In 2006, the world’s wealthiest saw their combined riches grow by over 11%! Fully 800,000 more people were added in 2006 to the rolls of folks who hold over $1 million in financial assets (not including their primary homes), up from 8.7 million such individuals in 2005. The combined wealth of these fortunate few totals over $37.2 trillion. That's “trillion” with a “t”, and adds up to a fourth of the entire world’s total wealth, about three times the US GNP. Of course, the US leads the pack of such rich people.
But hey, these rich folks are generous. In 2006, the donated $285 billion to philanthropic causes. What’s that you say? That $285 billion is only 0.8% of their combined wealth? Hmmm. Well, at least entrepreneurs...
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