American vision, Leadership, World events

E TU BRUTUS ?? !!!

The hyenas in Europe smell the blood of a wounded lion the US of A.

A general review of the latest news condensed for the convinience of the discriminating reader with not enough time this week.

A real test of leadership.

Awaits all American citizens and especialy its Energy Business leaders who will be in difficult positions  as they will manouver energy transactions and face competition in the comming frenzy for Lybian contracts and oil, in very adversorial now openly anti-American territories.

Our Political Leaders will have to summon a backbone balanced with sober thinking in the tribulations ahead.

Those who can effectively unite America for the love  and gratitude felt will become the Grizzly Bears and those who separate it by unifying small fractions on the bases of fear and hate will become coyotes who shall have a popular start and a pyrrhic victory.

The Dagger

With the knife on our back the bleeding begins and it is the time to watch which EU country will try to take the first bite. Will it be Berlusconi, Sarkozy or Zapatero?

The release of mass murderer by Scotland’s Authorities.

Pan Am Flight 103 was Pan American World Airways’ third daily scheduled transatlantic flight from London’s Heathrow Airport to New York’s John F. Kennedy International Airport. On Wednesday 21 December 1988, the Boeing 747-121 named Clipper Maid of the Seas was destroyed by a bomb, killing all 243 passengers and 16 crew members. Eleven people in Lockerbie,  Scotland, were killed when large airplane sections fell down over the town.  As a result, history has named the event as the Lockerbie Bombing.

In 2001, Abdelbaset Ali Mohmed Al Megrahi, a Libyan, was found guilty and convicted of involvement in the murder  caused by the bombing and sentenced to life imprisonment. On 20 August 2009, the Scottish Government released him on “compassionate grounds” to return to Libya, he was diagnosed with terminal prostate cancer and told he had a life expectancy of less than 3 months. Does he really have cancer, It is irrelevant.
The first stab came from the UK. How:

As we can tell by what The WSJ wrote : “Seif al-Islam Gadhafi, meanwhile, owns a $16 million mansion in London’s northern suburbs and maintains close links with Britain’s leading business figures. Earlier this summer he was a guest at the villa owned by the Rothschild banking family on the Greek island of Corfu. Another guest was Lord Peter Mandelson, Britain’s business secretary and a close ally of Prime Minister Gordon Brown.”
Mr. Mandelson is no other than Peter Benjamin Mandelson, Baron Mandelson, PC (Her Majesty’s Most Honourable Privy Council is a body of advisors to the British Sovereign. ) who had to resign twice under Prime Minister Tony Blair under the shadows of impropriety:
First resignation: In December 1998, it was revealed Mandelson had bought a home in Notting Hill in 1996 with the assistance of an interest-free loan of £373,000 from Geoffrey Robinson, a millionaire Labour MP who was also in the Government, but was subject to an inquiry into his business dealings by Mandelson’s department. Although Mandelson alleged he had deliberately not taken part in any decisions relating to Robinson, he knew he should have declared the loan as an interest, and he resigned on 23 December 1998
Second resignation: In January 2001, it was revealed Mandelson had phoned Home Office minister Mike O’Brien on behalf of Srichand Hinduja, an Indian businessman who was seeking British citizenship, and whose family firm was to become the main sponsor of the “Faith Zone” in the Millennium Dome. At the time, Hinduja and his brothers were under investigation by the Indian government for alleged involvement in the Bofors scandal. On 24 January 2001, Mandelson resigned from the Government for a second time insisting he had done nothing wrong.
He made several speeches outlining his strong support for the European Union. He was close to two Shadow Cabinet members, Gordon Brown and Tony Blair, each regarded as potential future leaders
Mandelson became a close ally and trusted adviser to Blair. He was Labour’s election Campaign Director for the 1997 general election, which Labour won by a landslide.
Some early background, He was educated at Hendon County Grammar School. at St Catherine’s College read Philosophy, Politics and Economics and in the late 1970s became director of the British Youth Council thus became a delegate in 1978 to the Soviet-organized World Festival of Youth and Students in Havana, Cuba and several future Labour cabinet colleagues. Elected to Lambeth Borough Council in September 1979 and retired in 1982 not pleased with the course of Labour politics.

Other evidence suggesting the British government, rather than its weaker Scottish partner, was the driving force behind Megrahi’s release has emerged in the form of a letter Ivor Lewis, a junior minister at the British Foreign Office, wrote to Mr. MacAskill on Aug. 3. In that letter, parts of which have been leaked to the British press, Mr. Lewis tells Mr. MacAskill that there is no legal reason not to accede to Libya’s request to transfer Megrahi into its custody under the terms of an agreement reached between Mr. Blair and Gadhafi senior in 2004 to strengthen U.K.-Libyan diplomatic ties. This agreement was negotiated in the wake of the historic nuclear deal.
The Stabbing dagger was last seen in the hands of Italy.
Libya is the biggest provider of crude oil to Italy by far and its sovereign wealth fund may yet prop up some large Italian companies, but Silvio Berlusconi is discovering – like Gordon Brown of the UK – that to deal with Muammar Gadhafi can be a double-edged sword.
When he flies to Tripoli on Sunday, the Italian prime minister will be the first western head of government to greet the Libyan leader since the homecoming of the convicted Lockerbie bomber which has sparked a furore in the US and the UK. Oil and business ties are expected to top the agenda when Mr Berlusconi joins Colonel Gadhafi to celebrate the accord they forged a year ago under which Italy said it would pay $5bn (€3.5bn, £3bn) during 25 years as reparations for its colonial rule, which lasted from 1911 to 1943.
In return, Libya made a deal about boat people leaving its shores and is to give Italian companies priority in infrastructure projects, such as Finmeccanica’s aerospace(see stock below) venture with a Libyan fund and its award last month of a €541m railway signals contract. Libya’s sovereign wealth funds seek stakes in Italian companies, including a possible 10 per cent holding in Eni, the energy company controlled by the Italian government.
Before he flies to Libya this evening, Mr Berlusconi has a related but potentially more important meeting closer to home, with Cardinal Tarcisio Bertone, the Vatican’s secretary of state.
Is reminds me of the movie “The Godfather” when Michael is at the Cathedral baptizing his son while he has his men whacking the competition.

Finmeccanica FNC:MIL
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Enersis S.A. (ADR) (Public, NYSE:ENI)
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From their official website: Finmeccanica and Libyan Investment Authority sign a Memorandum of Understanding for a strategic cooperation in Africa and the Middle EastOriente

Finmeccanica, the Italian leading aerospace, defence and security company and the Libyan Investment Authority (“LIA”), the Libyan sovereign wealth fund, and Libya Africa Investment Portfolio (“LAP”), an Investment Fund owned by LIA, share the view that Libya and the Middle East and Africa countries will offer, in the near future, significant investment opportunities in a broad range of industrial sectors in which Finmeccanica is present at a global level and they intend to leverage on their joint capabilities to access new markets working with local customers and partners.

In this context, Finmeccanica, LIA and LAP have today signed a Memorandum of Understanding (MoU) for the development of a strategic cooperation in Libya and other countries in the Middle East and Africa regions. Under this MoU investment opportunities will be pursued in the aerospace, electronics, transportation and energy sectors for civil applications.

Japan’s dilema

The WSJ page A16 World News of Aug-27-09 dedicates a 1/2 page to  what the article’s heading calls: Likely Japan Leaders to Focus on Asian Ties

Focusing  on Yukio Hatomaya of the opposition Democratic Party and the meaning of his comment on America: ” The era of U.S. led globalism is comming to an end and we are moving away from a unipolar world toward an era of multipolarity”

This from the man that may become Japan’s Prime Minister.

wow it reminds you of that song “where have all the cowboys gone” because we haven’t seen any since Ronald Reagan.


Lighter side

Nobel Economics

“Economics is the only field in which two people can share a Nobel Prize for saying opposing things.” Specifically, Myrdal and Hayek shared one.


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