ASUNCION, Parguay: Neil Bush, younger brother of U.S. President George W. Bush, called on Paraguay’s president as the guest of a business federation allied with the Rev. Sun Myung Moon’s Unification Church.
A presidential press office source, who spoke on condition of not being named, confirmed the younger Bush met President Nicanor Duarte on Thursday along with a delegation from the Universal Peace Federation, a group associated with Moon.
Duarte had no statement on the meeting.
Antonio Betancourt, a spokesman for the federation, said that Bush visited Duarte and later met with an opposition congressional leader, Sen. Miguel Abdon Saguier, and that both expressed interest in the Bush family and discussed local matters.
Betancourt said Bush later attended a leadership seminar sponsored by the federation.
WASHINGTON – A federal judge has temporarily blocked Prince Bandar bin Sultan, the former Saudi ambassador to the United States, from removing real estate sales proceeds from the United States pending resolution of a class-action lawsuit.The suit filed last September by a tiny Michigan city retirement system accuses current and former directors of BAE Systems PLC, a giant British defense company, of breaches of fiduciary duties in connection with $2 billion or more in alleged illegal bribes paid to Bandar in connection with an $86 billion BAE arms sale to Saudi Arabia in 1985.
Bandar also is named a defendant in the suit, along with the former Riggs Bank of Washington and its successor, PNC Financial Group.
BAE and Bandar have strongly denied that illegal payments were made to Bandar.
Without ruling on the merits of the case, U.S. District Judge Rosemary M. Collyer said in a temporary restraining order, signed Feb. 5, that the suit by the City of Harper Woods Employees’ Retirement System raises serious questions of law that warrant a temporary order keeping Bandar from taking the proceeds of real estate sales out of U.S.-based accounts.
The order directs that such sales proceeds “be deposited and/or invested pursuant to a prudent man standard” in U.S. accounts, but specifically notes that it “does not prevent him from selling real property” and “only interferes with his ability to invest and/or deposit any sales proceeds in a minimal way.”
The head of the commission that investigated the Sept 11 terrorist attacks had closer ties to the White House than he admitted and tried to limit the Bush administration’s responsibility for the incident, a book claims.
|Philip Zelikow was a friend of Condoleezza Rice
Philip Zelikow, the 9/11 Commission’s executive director, allegedly attempted to intimidate staff to avoid findings that would be damaging to President George W Bush, who was running for re-election, and Condoleezza Rice, his then National Security Adviser.
The claims are made by Philip Shenon in The Commission: The Uncensored History of the 9/11 Investigation, published today.
Although it was known that Mr Zelikow was a friend of Miss Rice and that they had written a book together in 1995, Mr Zelikow had pledged not to talk to senior White House figures during the investigation.
However, Mr Zelikow told Shenon, a New York Times reporter, that he spoke to Miss Rice several times during the 20-month inquiry and also exchanged frequent calls with the White House, including four to Karl Rove, Mr Bush’s then chief political adviser.
by Prof. Rodrigue Tremblay
War—after all, what is it that the people get? Why—widows, taxes, wooden legs and debt.
Samuel B. Pettengill
“Armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.
James Madison, 4th U.S. President (April 20, 1795)
“Let me issue and control a nation’s currency and I care not who makes its laws”.
Nathan Rothschild, 1791
Last summer, I observed that there was a “solvency crisis” underneath the ongoing subprime mortgage liquidity squeeze. Central banks can alleviate a “liquidity crisis”, but they cannot solve a solvency crisis.
Last year also, before the events, I warned that the U.S. was heading toward stagflation.
This was due to three fundamental factors.
First, the structural fiscal imbalances of the federal budget in a period of prosperity, as a result of the Bush-Cheney administration’s continuous deficit spending linked to the Iraq and Afghanistan wars and to its large tax cuts;
Second, the over-indebtedness of the overall U.S. economy coupled with an overall saving rate close to zero (in 1981, it was 12 percent), and, as a consequence, the rapidly increasing foreign debt of the U.S.; and,
Third, the required decline in the U.S. dollar to reverse and correct the deteriorating American balance of payments. The second factor was a harbinger of less consumer spending in the coming months while the third factor would stoke the fire of overall inflation. And with already high budget deficits, there would be less leeway for an aggressive fiscal policy to sustain economic activity. The table was thus set for a bout of stagflation, i.e. slow growth and rising inflation.