Thursday, July 21, 2016

A Snapshot of Economics in the “Industry of Industries”

Based in New York, Aleksandr (“Alex”) Korchmar owns Alkor Capital Corporation in Brooklyn. An alumnus of Odessa National Economics University in the Ukraine with a master’s degree, Alex Korchmar is interested in business news and the global economy, especially the economic impact of the automotive industry.

Responsible for creating over 60 million cars annually and consuming half of the world’s oil supply, the auto industry strongly influences the world economy. In an industry that is over 100 years old, the idea of mass-producing cars migrated to the United States from Europe in the 20th century, thus prompting the industry’s “industry of industries” moniker.

Representing freedom and a symbol of economic growth, the auto industry has provided opportunities and access to a quality of life that were previously impossible. To generate its total annual output, it employs 9 million people, or about 5 percent of all manufacturing jobs across the globe.

Wednesday, July 13, 2016

Chabad of Kingsborouch Reaches Kids Through Annual Summer Day Camp

Aleksander “Alex” Korchmar, owner of Alkor Capital in Brooklyn, New York, specializes in real estate development and construction. Outside of his professional life, he provides assistance to the local community. In addition to previously spearheading renovation efforts for organizations affected by Hurricane Sandy, Alex Korchmar provides monthly support to Chabad of Kingsborough.

Chabad of Kingsborough provides classes and outreach activities for Jewish students at Kingsborough College as part of its commitment to community development, adult education, and youth programs. The group also runs an annual camp for Jewish children called Brooklyn Jewish Camp-Gan Israel Chamah.

The camp, established in 1999, is affiliated with Camp Gan Israel, a network of Jewish camps which cater to Jewish boys and girls. The Brooklyn Jewish Camp specifically targets children ages 4-12. A highlight of the summer for many, day camp provides kids with an opportunity to explore a variety of activities and enrichment programs related to their Jewish heritage. Kids from a variety of Jewish backgrounds enjoy arts and crafts, drama, field trips, and swimming during a week filled with fun and friendships.