2023-10-31 01:03:17
Although it seems like a useless undertaking to try to go beyond the preconceived patterns of good and evil and present other hypotheses, some elementary truths remain evident, such as the gain of the usual suspects (which appears omnipresent in conflicts). It is a tangible truth that a small circle of people thrive in chaos and no longer hide it. On the other hand, total privatization seems to be a commonly accepted solution, even if, in the case of Gaza, it represents a contradiction.
Why in fact so much blood for the land, an entity that today in the Western world no longer has any meaning except to compete for it in wars?
Isn’t it paradoxical that in Gaza, land is of such great importance to those who have nothing in monetary terms, while land is insignificant to the West as sovereignty and people?
I would say that in this context, the Palestinian people go against the grain, united by what? From hatred towards Israel? And for what profit? There are a number of unanswered questions.
Against the backdrop of all this, in the following Guardian article, we see who “harvests” from this situation. There are those who thrive in the ruin of many and in the failed choices of many others. And in an era in which political power is identified with private power, this raises just as many questions.
“Hamas has created additional demand”: Wall Street aims for large profits from the war
Morgan Stanley and TD Bank are hoping for an advantage in the aerospace and armaments sector after a 7% increase in value since the start of the Israel-Hamas conflict.
During third-quarter earnings calls this month, analysts at Morgan Stanley and TD Bank took note of this potential profit escalation in the conflict and asked unusually blunt questions about the financial benefit of the war between Israel and Hamas.
The death toll – which so far includes more than 8,000 Palestinians and more than 1,400 Israelis – was not among the first thoughts of TD Cowen’s Cai von Rumohr, a managing director and senior research analyst specializing in the aerospace sector. His question was about the rise in General Dynamics, an aerospace and weapons company in which TD Asset Management holds more than $16 million in shares.
Joe Biden has asked Congress for $106 billion in military and humanitarian aid for Israel and Ukraine and humanitarian assistance for Gaza. The money could be a boon to the aerospace and arms sector, which enjoyed a 7 percentage point rise in value in the period immediately following Hamas’s Oct. 7 attack on Israel and the start of Israel’s bombing of Gaza in answer. “Hamas has created additional demand, we have this demand for $106 billion from the president,” von Rumohr said, during General Dynamics’ earnings call on October 25. “Can you give us some background information in terms of areas where you think you might see an incremental acceleration in demand?”
“You know, the situation in Israel is obviously dire, frankly, and it’s evolving as we speak,” responded Jason Aiken, the company’s executive vice president of technologies and chief financial officer. “But I think if you look at the incremental demand potential that comes with it, the biggest one that stands out and really stands out is probably on the artillery side.”
The next day, von Rumohr assigned a “buy” rating to General Dynamics stock.
Kristine Liwag, head of aerospace and defense equity research at Morgan Stanley, took a similar approach to the conflict during Raytheon’s earnings call on Oct. 24.
“Watching [la richiesta di finanziamento supplementare di 106 miliardi di dollari da parte della Casa Bianca], there is equipment for Ukraine, air and missile defense for Israel, and replenishment of supplies for both. And that seems to fit pretty well with Raytheon Defense’s portfolio,” said Liwag, whose employer holds more than $3 billion in Raytheon stock, a 2.1% ownership stake in the weapons company.
“So how much of this opportunity is addressable to the business, and if the dollars are allocated, when would be the earliest you might see this conversion into revenue?”
Greg Hayes, president and chief executive officer of Raytheon, responded: “I think across the Raytheon portfolio you will see a benefit from this replenishment… in addition to what we think will be an increase in [Dipartimento di Difesa] top line [budget].”
The comments apparently contradict each company’s “human rights statement” and explicit support for the Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights. (…)
(full article here: The Guardian
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