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Showing posts from June 10, 2007

Scandal of the Century Rocks British Crown and the City

by Jeffrey Steinberg Lyndon LaRouche will comment in depth on the significance and coming impact of this world-changing scandal, in a webcast address from Washington, D.C. on Thursday, June 21 at 1:00 EDT. (Read release by Lyndon LaRouche Political Action Committee). On June 6, the British Broadcasting Corporation aired a sensational story, revealing that the British arms manufacturer BAE Systems, had paid more than $2 billion in bribes to Saudi Arabia's national security chief and longtime Ambassador in Washington, Prince Bandar bin-Sultan, over a 22 year period. The BBC revelations were further detailed on June 11, in a one-hour Panorama TV documentary, provocatively titled "Princes, Planes and Pay-offs," which detailed a more than decade-long probe by the Guardian, BBC, and the British Serious Fraud Office (SFO), into the al-Yamamah arms contract, a nearly $80 billion, 22-year long deal between BAE Systems and the Saudi government, in which British-made fighter jet

The coming collapse of the US dollar

The skew in the global financial system -- commonly called 'global imbalance' -- seems to be fast spiralling out of control. For some time now economists have been engaged in the mother of all debates: whether the US dollar would collapse by as much as 40% when compared to other currencies (some are even betting on the US dollar going belly-up) or whether there would be an orderly devaluation -- that is, a gradual revaluation of other currencies vis-�-vis the US dollar. In effect, the question that is confronting us is not 'whether' but 'when' and by 'how much.' This global imbalance can be understood in economic terms by simply examining the massive size of America's twin deficits -- trade and budgetary. Put modestly, Americans have been living way beyond their means, consuming much more than what they could possibly afford and, in the process, borrowing far beyond their capacity for too long. This was facilitated by a policy of maintaining weak

The Future of U.S. Energy: The Oil Dependence Dilemma

World Affairs Council of Northern California San Francisco, CA Apr 3rd, 2007 The Future of U.S. Energy: The Oil Dependence Dilemma with Amory Lovins speaking at the World Affairs Council of Northern California. Is it possible for American industry to adapt to new oil-free technologies to boost profits and competitiveness? In his book, Winning the Oil Endgame, co-author Amory Lovins has outlined a strategy for American business and military leaders to shift the United States functionally and profitably away from oil by 2050. Lovins argues that by 2015, the United States can save more oil than it receives from the Persian Gulf; by 2025, use less oil than in the 1970's, by 2040, import no oil; and by 2050, use no oil at all. He believes American business can lead the nation and the world into the post-petroleum-era, a vibrant economy and lasting security.

Dr Reddy's commences operations in Nigeria

Dr Reddy's commences operations in Nigeria 16 June 2007 Mumbai: Dr Reddy's Laboratories Ltd has expanded its presence in Africa with the opening of its 40th overseas office in Lagos , Nigeria in partnership with Phillips Pharmaceuticals. This distributor-based model will serve the $280 million Nigerian pharmaceutical market, DRL said in filing with the Bombay Stock Exchange (BSE). The company is initially targeting therapeutic areas tike gastroenterology, diabetes and cancer. The first phase of launch will see major brands like Omez, Reclide, Diavista, Osetron and Docetere 20mg (from amongst the range of oncology drugs) being introduced in the Nigerian market. "We are committed to bringing quality and affordable medicine to people across the world and the initiation of our Nigerian operations is one more step in that direction. With the introduction of our leading brands, we are extremely confident of making our presence felt among the Nig

PROFILE: Meskhetian Turks

ANKARA - Turkish Daily News Meskhetian Turks, also called as Meskheti, lived in the historical region of Meskhetia in southwestern Georgia until 1944. They are the former Muslim inhabitants of Meskheti, which is located along the Turkish boarder. Their language belongs to the Turkic group, the east-Anatolian dialect. Meskhetian Turks are the consequence of the movement of Turkish settlers into the region during the Ottoman Empire. They are influenced by Georgian culture. Their origins have been debated for such a long time, some saying they are Turkified Georgians, some advocating that they are Georgified Turks, and some saying the truth lies somewhere in between. Deported to Central Asia in 1944 by Joseph Stalin, they settled in Kazakhstan, Kyrgyzstan, and Uzbekistan. Today the estimated population of Meskhetian Turks is around 300,000. Although their Turkic culture allows easy integration in Azeri society, their ultimate

India : Problems In Russian Aircraft Carrier Deal: Antony Saturday 16th of June 2007 Admitting to 'problems' in the acquisition of Russian-built aircraft carrier Admiral Gorshkov for the Indian Navy, Defence Minister A.K. Antony said Saturday that efforts were being made to sort them out. 'There are problems. We are trying to sort them out,' Antony cryptically told reporters on the sidelines of a function in this suburban town where he inaugurated a defence research laboratory set up by Bharat Electronics. He was responding to queries on the delay in inducting the aircraft carrier, renamed INS Vikramaditya, caused by Russia's reported insistence on raising the $1.5 billion price tag for the vessel, and also that the money be paid in euros and not dollars as had previously been agreed to. Indian Navy chief Admiral Sureesh Mehta has repeatedly been stating that the vessel would be inducted by the end of this year or early next year as had originally been planned. However, Antony's

Indian Airforce tender for combat jets very soon: Antony

IAF tender for combat jets very soon: Antony The Indian Air Force (IAF) will 'very soon' float a long-delayed global tender for 126 multi-role combat jets in a deal estimated to be valued at around $9 billion (Rs.370 billion). Ghaziabad, India, 2007-06-16 18:45:02 The Indian Air Force (IAF) will 'very soon' float a long-delayed global tender for 126 multi-role combat jets in a deal estimated to be valued at around $9 billion (Rs.370 billion). 'It will go out very soon. The outer limit is two to three months,' Defence Minister A.K. Antony told reporters on the sidelines of a function in this suburban town where he opened a new research laboratory established by state-owned Bharat Electronics. While Antony did not specify the reasons for the delay, an official said 'certain procedural issues' needed to be resolved before a request for proposal (RFP) is issued for the aircraft. The 'issues' relate to areas like calculating life-cyc

Analysis: US takes aim at Iran finances

Pamela Hess UPI Pentagon Correspondent June 15, 2007 WASHINGTON -- A day after a top US official accused Iran of arming the Taliban in Afghanistan, US Treasury Secretary Henry Paulson asked the financial world to freeze the assets of an Iranian bank. Paulson added his voice Thursday to a growing chorus of Bush administration officials condemning Iran for its alleged involvement with terrorism and called on allies to tighten the noose around the country the way that they have done with North Korea. The United States unilaterally designated Bank Sepah as a facilitator of Iranian proliferation in January. It has convinced the United Nations to blacklist it as well. "Now the entire world must freeze Bank Sepah's assets, and isolate it from the global financial system," Paulson said in a speech to the Council on Foreign Relations in New York. He said that the state-owned bank is "providing financial services to Iranian missile firms and trying to disguise its ac

Iran Strategy Stirs Debate at White House

Published Saturday, June 16, 2007 HELENE COOPER and DAVID E. SANGER WASHINGTON, June 15 — A year after President Bush and Secretary of State Condoleezza Rice announced a new strategy toward Iran, a behind-the-scenes debate has broken out within the administration over whether the approach has any hope of reining in Iran’s nuclear program, according to senior administration officials. The debate has pitted Ms. Rice and her deputies, who appear to be winning so far, against the few remaining hawks inside the administration, especially those in Vice President Dick Cheney’s office who, according to some people familiar with the discussions, are pressing for greater consideration of military strikes against Iranian nuclear facilities. In the year since Ms. Rice announced the new strategy for the United States to join forces with Europe, Russia and China to press Iran to suspend its uranium enrichment activities, Iran has insta

Pakistan's soldiers 'huddling in their bases'

- Guardian Unlimited © Guardian News and Media Limited 2007 16 June 2007 08:21 The Pakistani army is paralysed by the growing Taliban threat and some retired officers are covertly aiding the militants, according to a former CIA officer. Soldiers posted to Waziristan, a tribal area that hosts an estimated 2 000 al-Qaeda fighters, are "huddling in their bases, doing nothing", said Art Keller, a CIA case officer who was posted to Pakistan last year. "Their approach was to pretend that nothing was wrong because any other approach would reveal that they were unwilling and unable to do anything about Talibanisation," said Keller, who has visited Waziristan. The Pakistani military insists it is doing its best. President Pervez Musharraf has repeatedly referred to the 80 000 soldiers posted to the tribal areas, about 700 of whom have been killed in action. But Keller said that behind the scenes, the fight is riven by divisions among the officers. "There are th

Baoch Freedom fighters Challenge Musharraf

Baloch rebels challenge Musharraf Amir Mir Saturday, June 16, 2007 10:12 IST ISLAMABAD: Four days after President General Pervez Musharraf claimed the Pakistani forces are on the verge of wiping out militant camps in Balochistan, ten soldiers of the army were gunned down in Quetta, the capital of the trouble-stricken province, the responsibility for which has been claimed by none other than the Baloch rebels. A rebel nationalist group called the Balochsitan Liberation Army, which takes the slain Baloch nationalist leader Nawaz Akbar Bugti as its hero and is striving for an autonomous Balochistan province, has claimed responsibility for killing ten soldiers of Pakistan army late on Thursday night in an ambush, near the Quetta Railway station. s Four days before the ambush, during a visit to the Sui gas fields in Balochistan on June 4, General Pervez Musharraf had reiterated an amnesty offer to the rebel nationalists, saying th

Moldova: The CFE Conference and a Secret Russian Deal

Source : Stratfor June 15, 2007 21 34 GMT Summary Though an emergency conference between NATO and Russia on the Treaty on Conventional Armed Forces in Europe ended June 15 in deadlock, new insights into where Russia next will push back against Europe appeared, and the prospects for a secret deal between Russia and Moldova improved. Analysis An emergency conference to discuss the Treaty on Conventional Armed Forces in Europe (CFE) ended June 15 in deadlock. Russia convened the conference after Russian President Vladimir Putin called on all NATO countries to ratify the treaty, which has formed the basis for collective security in post-Cold War Europe. Though the summit ended without any movement on the heated debates between NATO and Moscow, confirmation of secret deals between Moldova and Russia was evident, and Russia now has a chance of legally moving more forces into Europe -- at least on Europe's periphery. The CFE conference was held in Vienna, Austria, June 12-15; re

Turkmenistan: A Break From the Past in the Energy Sector

Source: Stratfor June 15, 2007 21 15 GMT Summary Turkmen President Gurbanguly Berdimukhammedov visited Iran on June 15 to discuss energy links. Berdimukhammedov is breaking with the policies of the late Turkmen President Saparmurat Niyazov (the Turkmenbashi) and is prepared to end Turkmenistan's relative isolation. In building links with Russia, Iran and China, Berdimukhammedov will have to find a careful balance between the players and Turkmenistan's need to speed up the development of its promising energy sector. Furthermore, by diversifying its list of energy customers, Turkmenistan is leaving its main customer -- Russian state-controlled natural gas monopoly Gazprom -- in the lurch. Analysis Turkmen President Gurbanguly Berdimukhammedov visited Iran on June 15 to discuss increasing energy links, particularly natural gas pipelines. This move signals a shift for Turkmenistan, which was relatively isolated under Berdimukhammedov's predecessor, President Saparmurat

Sonia's truth vs Swamy's blasphemy

Sonia's truth vs Swamy's blasphemy-I V SUNDARAM As an insignificant freelance journalist and a maverick private citizen, as an anti-establishment individualist, with no claim to fame, no title to distinction, no high office as incumbent and no party politics or other organisations to back or boost me to notice by the pseudo-secular mafia of mass media, I derive my simple moral sanction to pen this article from the following inspiring words of George Bernard Shaw (1856-1950): 'I am and have always been, and shall now always be, a revolutionary writer, because our laws make law impossible; our liberties destroy all freedom: our property is organised robbery; our morality is an impudent hypocrisy; our wisdom administered by inexperienced or mal-experienced dupes, our power wielded by cowards and weaklings, and our honour false in all its points. I am an enemy of the existing order.' This is the onl

US Army Intelligence Command to Build Joint Detention Training Facility

Jun 15, 2007 BY Elaine Wilson, Fort Sam Houston Public Information Office Maj. Gen. John DeFreitas, commander of U.S. Army Intelligence and Security Command; Col. Dan Meyer, U.S. Army South chief of staff; Col. Richard Saddler, former commander of 470th Military Intelligence Brigade; Col. Wendy Martinson, commander of U.S. Army Garrison Fort Sam Houston; and Staff Sgt. Martin Martinez of the 470th Military Intelligence Brigade, break ground June 5 at Camp Bullis, Texas, for the Defense Department's first joint detention training facility. Photo by Sgt. Jason Merrell FORT SAM HOUSTON, Texas (American Forces Press Service, June 18, 2007) - The intelligence community reached a milestone earlier this month as leaders broke ground for the first joint detention training facility in the Defense Department. The U.S. Army Intelligence and Security Command Detention Training Facility, slated for a fall completion, will be located in a remote area of Camp Bullis known as Black Jack Villa

China arming terrorists

By Bill Gertz THE WASHINGTON TIMES Published June 15, 2007 New intelligence reveals China is covertly supplying large quantities of small arms and weapons to insurgents in Iraq and the Taliban militia in Afghanistan, through Iran. U.S. government appeals to China to check some of the arms shipments in advance were met with stonewalling by Beijing, which insisted it knew nothing about the shipments and asked for additional intelligence on the transfers. The ploy has been used in the past by China to hide its arms-proliferation activities from the United States, according to U.S. officials with access to the intelligence reports. Some arms were sent by aircraft directly from Chinese factories to Afghanistan and included large-caliber sniper rifles, millions of rounds of ammunition, rocket-propelled grenades and components for roadside bombs, as well as other small arms. The Washington Times reported June 5 that Chinese-made HN-5 anti-aircraft missiles were being