Features
As the U.S. General Election Looms, How Will American Jews Vote?
By HENRY SREBRNIK May 5, 2024 First of all, before I go any further, we should get something straight: this whole so-called debate about anti-Zionism vs antisemitism is nonsense on stilts.
Sure, especially before the Holocaust and the establishment of the State of Israel, many Jews were dubious about or even ideologically or theologically opposed to the Zionist project of recreating a Jewish state in the land of Israel. These groups ranged from various socialists on the left, such as the supporters of the Jewish Labour Bund, to haredim like the Satmar Hasidim. The latter still are, but no one thinks of them as “antisemites.”
All of this has virtually nothing to do with today’s so-called “anti-Zionists,” almost all of whom are non-Jewish antisemites making use of a word to confuse people about their desire to destroy a modern sovereign Jewish state, now more than 75 years old. (Yes, there are some misguided Jewish students involved, and the media loves them, but this is mainly a matter of ignorance and “Stockholm Syndrome.”)
Do you remember, not so long ago, that when right-wing Republicans and/or supporters of Donald Trump, made even mild criticisms of one or another Jewish politician or Jewish organization, leftwingers immediately said these were “dog whistles,” implying that this was code for antisemitism.
Now, though, when protestors parade around proudly with placards reading “F—k Zionism,” or ask Jewish students whether they are “Zionists,” this has nothing to do with wondering whether they are a member of a Zionist organization or a person who subscribes to the Jewish nationalist ideology centered on the Land of Israel. They are asking whether these people are Jewish, pure and simple.
“Zionist” has simply become a derogatory slur or abusive term for “Jew,” used by Jew-haters as a synonym, and not all that different from earlier, now archaic, versions such as “kike,” “sheeny,” or “Yid.” The animus is also directed at Hillels, synagogues, and other institutions which are Jewish, not technically “Zionist” as such. Is this really that hard to understand? And we Jews should not play their games by arguing the point.
After all, the word “antisemitism” is itself a euphemism, coined by a German Jew-hater in the 19th century, so as to appear a more “scientific” word for hating Jews. It’s not even accurate – as we know, Arabs and other peoples are also Semites, and no one who hates Jews has them in mind. Judeophobia would be a more accurate term, and we should make more use of it.
Anyhow, we also must stop trying to be “even handed” by trying to equate old-style Jew-hatred on the right with today’s versions, which are coming overwhelmingly from the left, under the rubric of “anti-Zionism.” Remember, anti-Israel demonstrations began the very next days after the Oct.7 massacres, and almost three weeks before Israel even launched its counterattack.
All this is by way of a segue to a very important matter coming our way this November: For whom will American Jews turn out in the forthcoming presidential election? We all know the statistics: For almost a century, a large majority of Jews have voted for the Democratic candidate, beginning with Franklin Delano Roosevelt in 1932. No Republican, including those who were victorious, came even close to capturing a majority of Jewish voters. Over the past several decades, according to data from the Pew Research Center, an average of 70 per cent of Jewish Americans consistently voted for the Democratic Party.
But October 7 has been a genuine zeitgeist shift. Even Jews blinded by an almost-religious loyalty to the party understand that it is being quite quickly captured by its far-left wing. Joe Biden may even be the last “pro-Israel” Democratic president (and he hasn’t exactly shone in that regard of late). The president himself has been unable to really condemn unequivocally and without moral relativism the outrages taking place on campuses.
I have for a long time thought that Israel shouldn’t have put all its defence needs in the U.S. basket. America is changing, demographically and ideologically, in a manner detrimental to Israel. The Democratic Party post-Biden will sooner or later be in the hands of the left-wing Congressional representatives known as the “Squad.” The protesters on the American university campuses should be called “Young Squadniks!”
The Hamas onslaught has left a mark on how Diaspora Jews look at their identity, especially in the United States. A recent survey conducted by the American Jewish Committee found that 78 per cent feel less safe since Hamas attacked Israel. “We are seeing an awakening, a heightened sense of consciousness among Jewish Americans,” asserted Steven Windmueller, professor emeritus of Jewish Communal Studies at the Hebrew Union College in Los Angeles.
They now have seen how elite university campuses like Harvard, Columbia and the University of Pennsylvania, many of which are heavily funded by Jewish donors, have been breeding and spreading a climate of antisemitic hate.
As apparently some 100 university campuses across the United States are aflame with anti-Israel and “anti-Zionist” fervor, and Jew-hatred has now become mainstream in Democratic politics, Jews are reconsidering many of their basic assumptions about their position in America generally and the Democratic Party specifically.
Many liberal Jewish Americans also feel betrayed by some of their alleged allies, those whose causes they had supported throughout the years, from the Civil Rights movement to Black Lives Matter activists. The left doesn’t care about antisemitism if they deem it inconvenient to their cause. They just call it “anti-Zionism” and carry on.
A few weeks ago, a sermon by Reform Rabbi Ammiel Hirsch, the senior rabbi at the Steven Wise Free Synagogue in New York delivered a stern warning to the Democrats. “Do not take American Jews for granted.”
Hirsch explained, “I have spoken to many American Jews in the past few months who have surprised me with their anxiety about developments in the Democratic Party, and their perception that it is becoming increasingly hostile to Israel, and tolerant of anti-Zionism and anti-Semitism in its own ranks.”
Jewish Democratic voters who never considered voting for Republicans have been announcing that they are voting for Trump, or will stay home or vote for independent candidate Robert Kennedy Jr., but will never vote for Biden.
It is true that New York and California have the largest Jewish communities, and they remain firmly in the Democratic column, even if not a single Jew were to vote for them. The Jewish vote for Biden will decrease, and in the very blue states where Jews live, like California and New York, it doesn’t really matter. But four swing states –Pennsylvania, Georgia, Nevada and Arizona — may well be decided by their large Jewish communities. Nowhere is that more apparent than in Pennsylvania, the swing state with the largest Jewish population – about 300,000 voting-age Jews — in a state President Joe Biden won by roughly 80,000 votes in 2020. (We are U.S. citizens who vote absentee ballot in Pennsylvania.)
I’m guessing that many Jews will sit it out. Of those voting, it will be hard for a lot of them to vote for Trump, constantly vilified day after day, but it may still reach 40 per cent. Still others who do vote may just leave the presidential line blank, and vote for Republicans for House and Senate seats.
I think there will be an almost perfect correlation between Jews who feel a deep attachment to the Jewish people — be it religiously, culturally, ethnically, or whatever –and voting Republican this year. For those who are Jewish mainly by “biology and genealogy” and for whom being Jewish is relatively unimportant, they are far more concerned with universal matters that now come under the rubric of terms like social justice, liberalism, diversity, inclusion, and so forth. They will come in at about 85 per cent for the Democrats. But as we don’t know the relative percentages of these two groups of Jews, predicting the overall Jewish vote for each of the two parties is difficult.
Addendum (added May 9):
Since writing this article, there have been two important developments. President Biden has said that he will in effect impose a partial arms embargo on Israel should the IDF complete the defeat of Hamas by capturing Rafah. Secondly, a number of American websites report that they have found evidence that many of the campus protests currently underway in the United States have been funded by foundations and non-profits whose money comes from wealthy donors who are supporters of Biden and numerous Democratic campaigns.
Given this, I’d revise my estimates of Jewish votes in November to predict that the overall vote for Republican candidates might exceed, for the first time in a century, 50 per cent. Even liberal Jews, typically reliable Democrats, will break at only about 75-25 per cent for Biden.
Henry Srebrnik is a professor of political science at the University of Prince Edward Island.
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.