|
The Voice of the White House
Washington, D.C., July 2, 2006: “The
media is jabbering away about the Libby pardon, criticizing the Head
Chimpanzee for flouting the law.
Let’s study why he did such a
politically stupid thing. At one time, Libby was Vice President Dick Cheney's Chief of Staff. He was
the chief pro-Israel Jewish advisor to Cheney, which helps explains
why Cheney was so determined to invade Iraq. Libby has been
a longtime associate of Wolfowitz and
was also a lawyer for convicted felon and Israeli spy Mark
Rich, whom Clinton pardoned in his last days as president.
Why
did Bush pardon Libby? Simply because Libby was a man who knew too
much. He was designated to take the fall for Cheney on the Plame
business but drew the line at jail time. Libby saw to it that the
brass in the White House knew that if he had to go to prison, he
would sing like an opera star at
La Scala and like a good singer, he would certainly bring
down the house.
What
would Libby talk about? Well, the plans to institute official
torture cooked up by Cheney and eagerly approved by Bush. Cheney’s
obscene rake-offs from the Halliburton scams, serious scandals about
Gannon’s nocturnal visits to the White House and who he was
fudge-packing, Karl
Rove’s chronic blackmail of anyone who got in Bush’s way, Bush
and Cheney’s outspoken contempt for blacks and their obedience to
Israeli demands, Cheney’s determination to establish Iraq as a
permanent forward military base to secure Iraqi oil for the US and
his friends and serve as a launching pad for attacks on Israeli’s
enemies, plans to oust Putin and regain control over Russian oil and
gas fields, deliberately
falsified “terror alerts” and, worse of all, knowingly launching
an attack on Iraq using officially
falsified CIA reports.
How
many have died because of these two evil men? Libby knows and
that’s why dear old Scooter, convicted of several serious
felonies, goes free. It
sure ain’t compassion because George has a heart the size of a
mustard seed and has strong sadistic tendencies. Maybe Libby would
tell them about the movies George and his evil friends used to watch
upstairs in the private quarters showing terrible tortures at Gitmo
and in Iraq.
Believe
me, these are very sick people who should be in a nice jail of their
own and not dictating to the American people and killing their
sons.”
Putin's
Arctic invasion: Russia lays claim to the North Pole - and all its
gas, oil, and diamonds
June 28, 2007
Daily Mail
Russian leader Vladimir Putin has
made an astonishing bid to grab a vast chunk of the Arctic, giving
himself claim to its vast potential oil, gas and mineral wealth.
His audacious argument, that an
underwater Russian ridge is linked to the North Pole, is likely to
lead to an international outcry.
Some commentators have already observed
it is further evidence of growing Russian assertiveness under its
authoritarian president.
The Russian media trumpeted the
findings of a Moscow scientific mission to the region which boasts
"sensational" geological discoveries enabling the Kremlin
to make the territorial claim.
Populist newspaper Komsomolskaya Pravda
- a cheerleader for Putin - printed a map of the North Pole showing
a "new addition" to Russia, a triangle five times the size
of Britain with twice as much oil as Saudi Arabia.
The six-week mission on a nuclear
ice-breaker claimed that the underwater Lomonsov ridge is
geologically linked to the Siberian continental platform - and
similar in structure.
The detailed findings are likely to be
put to the United Nations in a bid to bring it under the Kremlin
noose, and provide the bonanza of an estimated 10 billion tonnes of
gas and oil deposits as well as significant sources of diamonds,
gold, tin, manganese, nickel, lead and platinum.
Under current international law, the
countries ringing the Arctic - Russia, Canada, the US, Norway,
Denmark (Greenland) - are limited to a 200 mile economic zone around
their coastlines.
Currently, a UN convention stipulates
that none of these countries can claim jurisdiction of the Arctic
seabed because the geological structure does not match that of the
surrounding continental shelves.
The region is administered by the
International Seabed Authority - the authority now being challenged
by Moscow.
A previous attempt to claim the oil and
gas resources beyond its 200 miles zone five years ago was rejected
- but this time Moscow intends to make a far more serious submission
to the U.N. Commission on the Limits of the Continental Shelf.
The head of the government-funded
expedition Valery Kaminsky, director of the All-Russian Oceanic
Scientific Research Institute, said he has key photographic evidence
to prove the geological claims. "These are very interesting
facts for the world community," he said.
Yuri
Deryabin, head of the Institute of
North European Countries, said: "I estimate Russia's chances to
gets its piece of the Arctic pie highly enough - but the main battle
is just starting." He acknowledged the negotiations would be
"complicated".
The claim is likely to provoke an
outcry from green groups but there is also Russian opposition.
Sergei
Priamikov, of Russia's Arctic
and Antarctic Research Institute, said the notion was
"strange" and warned other countries could make counter
claims.
Canada "could say that the
Lomonosov ridge is part of the Canadian shelf, which means Russia
should in fact belong to Canada, together with the whole of
Eurasia", he observed drily.
A diplomatic source said that Russia
was "seeking to secure its grip on oil and gas supplies for
decades to come. Putin wants a strong Russia, and Western dependence
for oil and gas supplies is a key part of his strategy. He no longer
cares if his strategy upsets the West".

Russian Scientists Say the Arctic Is Theirs
July 1,2007
by Mike
Nizza
New York
Times
Toss another stick or two on to
that smoldering Cold
War fire: There’s renewed talk of expanding the Russian
Empire.
This time, it’s not President
Vladimir V. Putin spawning the headlines, but a group of geologists.
After a 45-day expedition, the scientists say they have discovered
new evidence that would bolster a Russian claim to a vast part of
the Arctic region beyond the 230-mile maritime economic zone
belonging to Russia and the four other nations bordering the Arctic
Ocean: Canada, Denmark (through its possession of Greenland), Norway
and the United States.
One Russian paper celebrated
the discovery by publishing a large map of the Arctic under the
Russian flag, the Guardian
reported.
By identifying a geological
link between the continental shelf abutting Russia’s Far North and
the North pole by way of a sea-floor feature called the Lomonosov
Ridge, Russia could
reportedly press a claim to roughly 460,000 square miles
of ocean as its territorial waters — an area whose size approaches
the Mexican Cession (529,189 square miles), which added Texas,
California and states in between to the United States. (Still short
of the Louisiana Purchase’s 828,000, though.) And Russia
wouldn’t be paying a ruble for it, either.
In this battle for Arctic
territory, the United States is on the sidelines for the moment, as
conservatives in Congress delay ratification of the
United Nations
Convention on the Law of the Sea, which governs all
claims. Once that treaty is ratified, there is a ten-year deadline
for claiming new areas of the sea as territorial waters.
In a somewhat unlikely
alliance, though, Canada and Denmark are stepping up instead. They
are trying to establish that, contrary to the Russian claim, the
Lomonosov Ridge “belongs not to the Siberian continental shelf but
to the Canadian-Greenland shelf,” according to a Chicago Tribune report earlier
this month.
The Russians have tried to
advance their claim before, and were turned away by the United
Nations in 2001. The new geological data is evidently meant to
improve the odds for a second try.
What Russia and all the other
nations are after isn’t the vastness of icy brine between their
shores so much as what is underneath it — potential oil and gas
reserves worth hundreds of billions of dollars, which are growing
more feasible to explore and develop as the polar ice cap shrinks,
easing access for drilling rigs.
A 2005 report in The Times set the
stage for the fight for other potential Boreal treasure
as well, including “lucrative shipping routes, perhaps even the
storied Northwest Passage; new cruise ship destinations; and
important commercial fisheries.”
“It’s the positive side of
global warming, if there is a positive side,” a Canadian official
said at the time.
A Reversal of Fortune for Bush’s Political Capital
June 30, 2007
by Sheryl Gay Stolberg
New York Times
WASHINGTON, June 29 — After a
string of Republican defections this week — on Iraq, immigration
and domestic eavesdropping — President Bush enters the final 18
months of his presidency in danger of losing control over a party
that once marched in lockstep with him.
First, two prominent Republican
senators broke with the president on Iraq. Then, Mr. Bush’s party
abandoned him in droves on the immigration bill, sending the measure
to its death in the Senate, despite the president’s fervent
lobbying for it.
And when Democrats on the
Senate Judiciary Committee voted to issue subpoenas to the White
House for documents related to its domestic eavesdropping program,
three Republicans, including a longtime loyalist, Senator Orrin G.
Hatch of Utah, joined them, and another three did not take a
position.
For a president who once
boasted that he had political capital and intended to use it, the
back-to-back desertions demonstrated starkly just how little of that
capital is left. With the nation turning its attention to who will
succeed Mr. Bush — and Republican presidential candidates
increasingly distancing themselves from him — even allies say it
could become increasingly difficult for the president to assert
himself over his party, much less force the Democratic majority in
Congress to bend to his will.
“When you are first elected,
you have some momentum and you have more ability to persuade,”
Senator Jeff Sessions, Republican of Alabama, said in an interview.
“In the last months of any administration, getting people to do
something simply because the president asks for it is less. That’s
certainly true here.”
Even weakened presidents retain
tremendous influence; if nothing else, the conservative tenor of
many of the Supreme Court’s decisions in the last week is a
reminder of the ways in which Mr. Bush’s legacy will continue to
shape politics and policy for a long time. As the president
demonstrated in clashes with Congress over war spending and stem
cell research, he still has enough Republican support to sustain a
veto. And administration officials said Mr. Bush had no intention of
writing off the next year and a half.
Still, for a president who once
had almost absolute control over his own party and a proclivity to
employ his power expansively if not audaciously, the last week was a
reminder of how much things have changed. Republicans who came to
office brimming with optimism just a few short years ago now sound
as if they fear a long slog ahead.
One of them, Senator John Thune
of South Dakota, who was elected in 2004, wondered whether the
collapse of the immigration bill foreshadowed a long final 18 months
of the Bush presidency. With the 2008 presidential campaign
intensifying, Mr. Thune said achieving legislative accomplishments
would almost certainly become increasingly difficult.
“Probably a lot of the heavy
lifting will get pushed off. I hope that doesn’t happen, but it
probably will,” Mr. Thune said Friday. “I suspect a lot of
what’s going to dominate the atmosphere around here in the next
several months will be on Iraq.”
An important test of Mr.
Bush’s continued hold over his party will come in September, when
his troop buildup in Iraq will be re-evaluated on Capitol Hill, and
he will almost certainly face Republican pressure to shift course.
Senators Richard G. Lugar of Indiana and George V. Voinovich of Ohio
argued for a new direction this week. Even Senator Mitch McConnell
of Kentucky, the Republican leader, has strongly suggested
Republicans will demand a change.
“I think that the handwriting
is on the wall that we are going in a different direction in the
fall,” Mr. McConnell told reporters last month, “and I expect
the president to lead it.”
That shakiness is reflected in
public opinion polls, where Republican support for Mr. Bush has also
dipped noticeably, said Andrew Kohut, executive director of the Pew
Research Center for People and the Press, a nonpartisan research
group.
Mr. Kohut said Republican
support for Mr. Bush was dwindling across the party spectrum. Among
moderate and liberal Republicans, 52 percent currently approve of
Mr. Bush’s job performance, down from 63 percent in April, he
said. Among conservatives, his job approval stood at 74 percent this
month, down from 86 percent in April.
“He’s gone from a president
with more support from his party to someone with rather modest
support,” Mr. Kohut said, “and how he goes back to where he once
was is not clear.”
In a sense, the defeat of the
immigration bill could give Mr. Bush a lift by taking off the agenda
an issue that has sapped his strength within his base. It is an
axiom of politics that a loss is never a victory. But conservatives
were so up in arms about the immigration bill, which they regarded
as amnesty, that some say it is better for Mr. Bush that it failed.
“The president’s intentions
were good, the heart was in the right place, the legislation was
bad,” said Senator Jim DeMint, Republican of South Carolina. “If
this had passed, America would have lost all confidence in the
Congress and the president. I think this is going to give us a fresh
start.”
But as lawmakers look ahead to
their own re-election campaigns, political analysts predict more
rough times ahead for Mr. Bush. After years of demanding that
Republicans work in service of his agenda, the president has “very
little good will stored up,” said Calvin C. Jillson, a political
scientist at Southern Methodist University in Texas, Mr. Bush’s
home state.
With 2008 looking like a tough
year for Republicans, Mr. Jillson said lawmakers would look back to
their districts, rather than to Washington and the White House, for
guidance on how to vote. That was abundantly clear on immigration,
when even Mr. Bush’s closest Republican allies — including two
Texans, Senators John Cornyn and Kay Bailey Hutchison — openly
opposed him.
“When John Cornyn defects
from the president,” Mr. Jillson said, “you know the
president’s mojo is completely gone.”
Jeff Zeleny contributed
reporting.
Sharp Reaction to Immigration Bill's Defeat
June 30, 2007
by Manuel Roig-Franzia
Washington Post
Latin America reacted with sharp
disappointment Friday to the U.S. Senate's defeat of an immigration
bill, a decision that Mexican President Felipe Calderón called
"a grave error" and Salvadoran President Elías Antonio
Saca said was "a pity."
Latin American governments have long
hoped for a comprehensive reform package that would include
guest-worker provisions and a route to legal status for the
estimated 12 million undocumented migrants in the United States --
half of whom are Mexican. At the same time, the Calderón
administration has tried lately to lower expectations, in the belief
that immigration reform is unlikely until after a new U.S. president
is elected in November 2008.
In an editorial published Friday, the
Mexico City newspaper El Universal said it is "highly
hypocritical that the United States admits migrants as peasants, but
does not accept them as citizens. A state that sends troops to the
Middle East to try to implant democracy and respect for human rights
does not practice such supreme values in its own territory."
But the paper also ascribed blame to
Mexico, saying the country is itself guilty of hypocrisy for not
creating enough employment to entice Mexicans to stay at home.
Calderón predicted that the Senate's
decision would increase illegal migration and "generate worse
conditions and insecurity on both sides of the border. The migration
problem cannot be resolved simply with speeches; it requires
concrete resolutions."
Calderón, speaking before departing
Mexico City for a diplomatic visit to Belize, has been taking a more
aggressive stance toward the United States than his predecessor,
Vicente Fox, who had sought to parlay a personal friendship with
President Bush into an immigration accord. Calderón and his top
lieutenants were incensed this week after discovering that portions
of the wall on the U.S.-Mexican border are in Mexican territory.
Calderón said he complained to U.S. officials and received
assurances that those parts of the wall would be removed before the
end of the week.
Reaction to the immigration bill's
failure might have been even more intense if not for concerns here
that it put too heavy an emphasis on border security and involved
overly complex provisions on granting citizenship to undocumented
migrants, said Dan Lund, a Mexico City pollster.
Despite some heated comments from
Mexican leaders, it appears the Calderón administration has adopted
the philosophy that "no bill is better than a bad bill,"
Lund said in an interview.
"Life goes on," Lund said.
"Here this is a hothouse issue for a few in the media and
policy wonks, but everyone else will do what they have to do to get
across the border."
In El Salvador, Saca said, "I
lament what happened in the Senate. I hope that the senators
consider this well, because there are 12 million people [in the
United States] who are undocumented."
"What a pity, what a pity, but
those are decisions of the legislators," Saca told reporters.
In Guatemala, the newspaper Prensa
Libre described the Senate vote as "deplorable" in an
editorial headlined "12 Million Victims." The vote, the
paper said, showed that the United States is "a country hostile
toward immigrants."
Prensa Libre predicted that the
decision would hurt the economies of the United States and Guatemala
by restricting the flow of people between the countries. But, the
paper noted, there could be a subtler, even more damaging effect.
"Little by little, the number of
people who lose their appreciation of [the United States] will
grow," the paper said. "With what happened yesterday,
everyone loses, sooner rather than later, and there are fewer
possibilities of healing that wound."
National
ID Card Talk Sinks Immigration Bill
June 29, 2007
Newsmax
Opposition to a requirement for a
national identification card helped torpedo the immigration bill
killed in the Senate on Thursday.
On Wednesday evening, senators voted to
delete language in the immigration bill that would force employers
to demand the "Real ID” cards from new hires. Some of the
immigration bill’s supporters had insisted that the ID provision
remain in place as a way to identify illegal immigrants, and with
that provision removed they were no longer as willing to support the
overall bill, according to CNET News.
"The proponents of a national ID
in the Senate weren’t getting what they wanted, so they backed
away,” said Jim Harper, a policy analyst at the Cato Institute who
opposed Real ID. "It was a landmine that blew up in their
faces.”
The American Civil Liberties Union,
which also opposed Real ID, said the identification card requirement
was a "poison pill that derailed this bill, and any future
legislation should be written knowing the American people won’t
swallow it.”
Even though the immigration bill
appears dead, the Real ID Act is still in effect, CNET News notes.
It requires that starting on May 11, 2008, Americans will need a
federally approved ID card to travel on an airplane, open a bank
account, collect Social Security or use almost any government
service.
Turkey Warns of Plans to Invade Northern Iraq
June 30th, 2007
by Michael Howard
The Guardian UK
Turkey has prepared a blueprint
for the invasion of northern Iraq and will take action if US or
Iraqi forces fail to dislodge the guerrillas of the Kurdistan
Workers Party (PKK) from their mountain strongholds across the
border, Turkey’s foreign minister Abdullah Gul has warned.
“The military plans have been
worked out in the finest detail. The government knows these plans
and agrees with them,” Mr Gul told Turkey’s Radikal newspaper.
“If neither the Iraqi government nor the US occupying forces can
do this crush the PKK,
we will take our own decision and implement it,” Mr Gul said. The
foreign minister’s uncharacteristically hawkish remarks were seen
as a response to pressure from Turkey’s generals, who have
deployed some 20,000-30,000 troops along the borders with Iraq, and
who are itching to move against the rebels they say are slipping
across the border to stage attacks inside Turkey.
Among other things, Turkish
military planners have been working on a scheme to establish a
buffer zone on Iraqi soil to try to stop the rebels’ movements.
The US and the EU regard the
PKK as a terrorist outfit, but Washington is nervous of any military
operations by its Nato ally that could destabilise Iraq’s
Kurdistan region. There are fears too that any instability in the
north could play into the hands of Iran, facing growing problems
with its own Kurdish population.
US
consent won’t be sought for Iraq incursion if security is at
risk’
July 2, 2007
by Zamantoday
Turkish Foreign Minister
Abdullah Gül said it was a responsibility of the United States to
take measures against the outlawed Kurdistan Workers' Party (PKK) in
Iraq and that Turkey would maintain its pressure on Washington to
the very end to this effect, but made clear that Ankara won't seek
approval from the United States when it sees its security is at
risk.
Gül, in an exclusive interview
with Today's Zaman, also said Turkey has a deep-seated historic
friendship with Iraqi Kurds, yet complained that this friendship has
been "taken hostage" by PKK terrorism.
"Unfortunately, feelings of enmity have begun to grow between
two peoples who are so close to each other," he said.
"This is very dangerous and utterly wrong."
The foreign minister also said
Turkey was not obsessed with a cross-border operation, saying it
sees Iraq's stability and territorial integrity as a high priority:
"We have no desire to harm the stability of Iraq, because this
is against our interests. We never wish for instability in Iraq's
north," he said.
Stressing that the elections,
scheduled for July 22, will not be postponed even if a possible
military incursion into northern Iraq turns into a real war, Gül
harshly discredited claims that any such military operation may
cause difficulties for the AK Party in terms of election results.
"For us, Turkey's interests are above everything. It would be a
shame if we cared about the party's interests or election campaigns
with respect to foreign policy and security issues," he said.
Gül, a Justice and Development
Party (AK Party) heavyweight who also chairs the Supreme Anti-Terror
Board and whose bid for presidency controversially failed when the
Constitutional Court cancelled the presidential election, is subject
to questions on more than one subject. In his lengthy interview, he
vowed to fight to the very end after his bid to become president
failed, saying this should be regarded as a battle for democracy. He
said, with respect to the failed presidential elections, if former
President Süleyman Demirel had been in his shoes, he would have
raised the roof about it.He stressed the distinction between
nationalism and neo-nationalism and said that true nationalists
should be at home in the AK Party.
Commenting on the French
obstruction of Turkey's European Union entry bid, Gül said it was a
reaction against the French blockage of opening of accession talks
on one chapter that State Minister Ali Babacan, rather than himself,
attended a recent EU conference opening talks on two other chapters.
"Normally, I would have been expected to go," he said.
Despite the obstacles, he
remains confident that the process will not be interrupted.
"The EU train is on the move, and we are on it," he said.
Turkey is seeing
important developments in foreign and domestic politics while it is
in an election atmosphere. There is the issue of whether a military
operation will be launched into northern Iraq. You said, 'I cannot
guarantee that no operation will be made until the elections.' Is
this what the AK Party voters expect?
If you let yourself be moved by
popular expectations or whims or be guided by newspaper headlines
with respect to foreign policy issues, you open the door to pseudo
heroism. This would be the greatest harm to be done to a country.
For this reason, we will never do it. The government has its
institutions and specialized organs such as the armed forces, the
intelligence agency, the security organization, diplomats
specializing in counterterrorism, the Foreign Ministry, etc. We will
make our decision based on their recommendations, suggestions,
analyses and conclusions. Political directives will be issued in
this manner.
In the case of a military operation, the
primary institution to be consulted will be the armed forces, right?
Certainly. The armed forces,
the Foreign Ministry and the intelligence agency.
Is it true that the armed
forces convey their messages via media organizations rather than
sending them directly to the Prime Ministry or the Foreign Ministry?
The government has frequently
met with the armed forces, and you know it. Thus, there is common
understanding as to the method to be followed in this respect.
Everything happens according to this understanding. Recently, the
General Staff held a press conference in Eğirdir
in order to provide information to the public. Moreover, they wanted
to reaffirm their determination. If you noticed, in response to some
questions, the chief of general staff denied any difference of
opinion between the government and the armed forces.
Some say the US will soon crack down on
PKK militants in northern Iraq but that we need to give them a push
to do so. Is Turkey now trying to give this push by creating the
impression of launching a cross-border operation?
Certainly not. All options are
on the table. When our interests and security are at risk, we will
not seek approval from any country. Certainly, the US has the
responsibility of cooperating with us. We will force this option to
the furthest point to which we are entitled. They may or may not
cooperate with us; this is another matter. I must say that a
military operation is not our only option. But this is Turkey's
argument: Iraqi territories must not accommodate the terrorist
organization and the terrorist organization must not use the Iraqi
territories against Turkey. If this is eliminated, then we will have
no desire to launch a military operation across the borders of
another country.
Turkey reiterates its emphasis on the
territorial integrity of Iraq...
Yes. We are exerting the
greatest efforts to protect the territorial integrity of Iraq. We
never think of doing any harm to the stability of Iraq as this is
against our interests. Moreover, we do not want any instability in
northern Iraq. The Kurdish people, the Turkmens and the Arabs living
in northern Iraq are all our kin and relatives. We have a historic
friendship with the Iraqi Kurds and the Iraqi people. This
friendship dates back to the Seljuk and Ottoman eras and even
centuries ago. They seek shelter in Turkey during their hardest
times. They did so after the Halabja massacre. They have acquired
their current status thanks to the protection afforded by Turkey.
Unfortunately, two friendly peoples have started to develop feelings
of animosity toward each other because of the terrorist
organization. This is very bad, dangerous and wrong. In this
respect, we are not obsessed with the idea of launching a
cross-border operation into northern Iraq. We have a single target:
preventing the terrorist organization from using Iraqi territories
against us. Actually, the Iraqi government is responsible in this
respect. But the Iraqi government does not have the power to do it;
this is the responsibility of the US. I must reiterate clearly that
this is their responsibility. However, if they, too, fail to do it,
and if this has negative consequences for us, this military operation is our legitimate right.
It is said that any military operation
launched before the elections will not do any good to the AK Party.
Are you taking this into consideration?
For us, Turkey's interests are
above everything. It would be a shame if we cared about the party's
interests or election campaigns with respect to foreign policy and
security issues.
According to a scenario
that is claimed to have been discussed at the Hudson Institute, it
was argued that solution to the problem (delivery of the top
officials of the PKK) should be delayed on grounds that this could
boost the votes of the AK Party.
Yes, this may be true. I also
think that there are some people who have similar ideas. The chief
of general staff has discredited these claims and said that the
representatives of the army would not allow such developments.
Whether such scenarios were discussed is not important. I know that
there are people who think so. I mean, this is what I expect.
Why do Turkey's insistent requests not
turn into priorities for the US?
This question should be asked
to them the US. During our meetings, they provide several
justifications, but these are no longer persuasive. Every country
has its own policy. They say they do not have the power and that
this will disrupt stability in Iraq. They have their reasons, but
these are not persuasive to us.
If undesirable developments escalate, will
you convene Parliament in an extraordinary session?
I cannot say this will not
happen. But we must act responsibly in such matters. Even the death
of a single soldier makes us extremely sad. Moreover, being
successful and attaining the targets are important as well.
But some say the elections will be
postponed.
Why should the elections be
postponed? In the past our elections were held even in times of war.
God forbid! This even isn't a possibility. Elections were held
during our War of Independence. It is completely out of the question
that our elections should be postponed. Nobody should think it.
We have been discussing our relations with
the US with reference to northern Iraq. It seems that both the
average citizen and our intellectuals are losing faith in the US.
Even some retired generals defend the idea of distancing ourselves
from NATO and approaching instead the Russian-Chinese axis. Do the
hardships experienced in our relations with the US impact our other
relations?
As I have just said, Turkey's
friendship with the Kurdish people in Iraq is ancient, though the
terrorist organization has been causing great damage to this
brotherhood. The US and Turkey have been allies for 50 years. In the
past, we gave solidarity and assistance to each other and even
fought side-by-side. I am afraid these attitudes have been harming
the US image in Turkey too. Turkey is an open society, and these
negative developments eventually affect organizations in such a
society. This is a fact that everyone should see; this is a success
for the terrorist organization. In this context, considering current
strategic positions in the world, the two countries need each other
now more than ever. Within the framework of the strategic vision
document we issued in Washington last year, both countries
emphasized the element of confidence in each other. In this regard, the US should tackle the problems in a more sincere and
considerate manner.
Can we say the Kurdish leaders in northern
Iraq and the Iraqi president have pursued a more successful
diplomacy than us when it comes to relations with the US? Has their
lobbying been more successful?
No, I don't agree. The US is
not a country that will base its plans on the words or lobbying of a
few groups. Sometimes mechanisms in big countries do not work
efficiently.
The EU did not open a chapter that we were
expecting to be opened. Turkey did not respond strongly. Why?
We have never adopted a
pleading tone in our relations with the EU. What's important for us
is to ensure the transformation of Turkey, reinforcing its own
economy and democracy. We see the negotiations with the EU as a
means to this end. When Turkey does its own homework and realizes
the transformation, it will not matter whether it is a full member
of the EU or not. Achieving the results of this process is important
for us, and it is obvious how this will be done. We have completed
the screening process. These chapters may or may not be opened, but
we can open them on our own and keep on with the process. Sarkozy,
who is now trying to bar Turkey's accession, will try to persuade
Turkey to enter the bloc in five or six years, when Turkey has a
gross domestic product (GDP) of $1 trillion.
Then maintaining the process is more
important than attaining full membership?
No. The decision about full
membership has already been made, and we are progressing toward that
goal. However, full membership is not guaranteed. Meanwhile, a
number of political plots are being set against Turkey. We will not
be distracted by these plots, and we will not suspend our
transformation process. When we complete this process, we will have
achieved certain standards in terms of legal infrastructure, keeping
up with those countries. When this is done, Turkey will face no
roadblocks. Our gross national product (GNP) increased from $200
billion to $400 billion during the last four years. The roadmap we
announced before the elections will raise the GNP to $800 billion,
and it will be $1 trillion in several years. Thus, Turkey will
become one of the top 15 countries in terms of size of its economy.
Perhaps it will even be one of the top 10 countries. Then those EU
member countries that currently reject Turkey's membership will try
to persuade us to enter the bloc. What the French are pursuing is
inferior politics. More clearly, this is an expression of their own
crisis.
So you say that there is no derailment?
Certainly there is no
interruption. I must add that now our determination is what is
important, not that of the EU. Our determination in maintaining the
reform process will take Turkey to that level. This is how we see
the developments, and we have displayed our reactions accordingly. I
did not attend the summit, as you know.
Was it a summit that Mr. Babacan attended
instead of you?
It definitely was. Normally I
am expected to attend the intergovernmental conference.
Would it not be a more obvious statement
if we did not attend it at all?
It does not matter whether you
attend or not. Actually, our message was that we do not take them
seriously. With this attitude or the one I explained above. It is no
longer important.
You once asserted that the economy and
foreign policy are mutually dependent on each other.
Before our government, annual
foreign investment in Turkey never exceeded $1 billion. Now it has
exceeded $20 billion. Why? The former government refrained from
opening the door to foreign capital. Why? This is the consequence of
Turkey's EU bid. With democratization and legal reforms, Turkey has
become a country in which people are provided with equal treatment
without distinguishing between locals or foreigners. This has
ensured a capital inflow to Turkey, and our financial statements
have started to change.
Has the AK Party had difficulties in
explaining this to the people with the popular support for Turkey's
EU bid supposedly dropping?
Of course there are
difficulties. If you do not proceed with the process in a balanced
manner, you will clog the process on your own. What's important is
that you must clearly state the political will and know what to do.
What we will do is obvious, and this is to not plead any anyone.
There are many problems that Turkey has failed to solve through its
own dynamics. We can solve these problems in cooperation with the EU.
Here our target is full membership. If you do not have the full
membership target, you will lose your motivation.
Anti-Americanism
hits new record in Turkey
June 29, 2007
zamantoday
The Turkish public dislikes the
United States more than any other nation in the world, while leading
global actors such as the European Union, Russia, Iran, China and
Israel are also falling from favor with a majority of Turks,
according to a global survey released on Wednesday.
The 47-country survey found
that only 9 percent of the Turkish people have a favorable opinion
of the US, while 83 percent responded negatively. The Pew Global
Attitudes Project documented that only 2 percent of those surveyed
in Turkey had a favorable opinion about US President George W.
Bush’s foreign policy, while 88 percent responded in the negative.
The project has documented wide anti-American sentiment since it was
launched in 2002 but found those attitudes deepening this year. In
2002, 52 percent of Turks supported the US compared to this year’s
9 percent.
Pew Research Center President
Andrew Kohut, speaking to the United States’ PBS television
station on the results of the survey, said respondents in Turkey
holding a favorable opinion of the US amounted to 12 percent, a
figure they did not expect would go down.
The Pew survey found that 81
percent of Turkish respondents were critical of “American Ideas
about Democracy,” while 83 percent had a negative view of
“American Ways of Doing Business.” A full 22 percent expressed
positive views of US movies and music.
The survey also showed that
support for the European Union was steadily decreasing among Turks.
The Pew survey found that only 27 percent of respondents in Turkey
were positive about the European Union, compared to 58 percent in
2004. Russia’s image has also been slipping in Turkey, with a
majority stating a negative opinion of Russia. Only 10 percent
expressed support for President Vladimir Putin’s policies. Turkish
support for China was extremely low, and the favorable view of Iran
slipped to 28 percent this year after totaling 53 percent in 2006.
Only 4 percent of those surveyed in Turkey expressed a positive view
of Israel. When it came to terrorist Osama bin Laden, only one place
— the Palestinian territories — viewed him favorably, with 57
percent saying they had confidence in him. In Turkey that number was
5 percent. A total of 931 individuals from Turkey participated in
the survey conducted in April and May. Is the average Turkish
individual in today’s world more readily influenced by nationalist
and neo-nationalist movements? The answer is “yes” according to
Ömer Laçiner, editor in chief of the socialist monthly Birikim,
which has put considerable effort into understanding nationalism
since the 1970s. But this affirmation applies not only to Turkey,
but to all countries of the world. Indeed, the summary of findings
for the complete survey report presented by Pew found that the
United States’ image is plummeting in many corners of the globe,
but China and other large powers are falling from favor as well.
”Turkey is going through a
strange period,” Laçiner told Today’s Zaman in a telephone
interview. “The process of globalization, or whatever one might
choose to call it, being in the global arena in competition, leads
people to question the values they have taken as authentic
characteristics of their own nation.” For example, a person who
believes their nation is “the most” hospitable in the world
might, in the global world, find herself in a society so open to
guests and strangers to an extent not even acceptable in her own
society. “You are not ‘the most’ something of the world
anymore,” Laçiner explains. “This is the most important reason
for the rise in nationalism along with the increased speed of
globalization. Now people have points of reference.” More exposure
to realities of an increasingly global world blurs the line dividing
black and white, friend and foe. “Say, you say maintain Germans
are hostile to us, but then you find groups that are extremely
friendly to Turkey.” The realization that the home nation, like
other nations of the world, is not a solid unit in itself creates a
need to keep our usual and old perceptions of the world as we once
knew it; thus people turn to nationalism to cling onto. In this
sense, this rise of nationalism across the globe could be its last.
Laçiner also emphasized that nationalist groups in all countries
played into each other’s hands, as deeds of nationalists damaging
to another nation are usually used by nationalists of a given
country as proof of how the “enemy” nation really is.
But how can such a notion
diffuse through to the individual? The answer is survival.
“Circumstances defining how a person gets by, once subject only to
domestic dynamics, are now influenced by international dynamics.
Something that might happen abroad, such as a new invention or the
downsizing of a global company, could simply ruin the livelihood of
an individual. People are grappling with insecurity.” In such an
environment, nationalism, both in Turkey and elsewhere, is the
resonance of such fears.”
He underlines that these fears
are irrational almost all the time. Currently, they are crystallized
in the person of the United States, Laçiner says, asserting that
this could be another country at a different time. One example is a
recent survey simultaneously conducted in Greece and Turkey which
found that for 2.9 percent of Turks, the 3-million-strong Armenia is
a threat for Turkey with a population of 70 million.
Once the world finds more
constructive and humanistic ways to deal with such insecurities and
cope with the realities of the neo-liberal globe, nationalism could
become an ancient notion, Laçiner suggested.
Etyen Mahçupyan, editor in
chief of the bilingual weekly Agos, agreed. “There has to be a
reason to love a given country. It is a chaotic, complica ted world
in which there is little concern for moral values. It is a
psychological need,” he said. According to Mahçupyan, the
decreasing approval of foreign countries in the hearts of the
Turkish people and others is not entirely ungrounded. “These survey
results do not reflect a human aversion, rather sensitivity about
foreign policies.”
“We are talking about
nation-states after their interests, not individuals. If a state is
represented by its foreign policy, then dislike is
understandable.” Mahçupyan, similar to Laçiner, says the many
states of the international system cannot respond to the
complexities of the world today. “It is not the rise of
xenophobia, but an alienation from the system of states.”
Ferhat Kentel, an instructor in
the sociology department of İstanbul Bilgi University, agreed
that clinging on to nationalism is a reaction to increasing doubt,
insecurity and a lack of confidence about the future of the world.
He said this finding was confirmed by a recent study his university
conducted on nationalism. The research found an overwhelming feeling
of insecurity towards the future in its subjects. Kentel maintained
that in a world where everything was increasingly being perceived as
a risk by the individual, nationalism functioned to accommodate the
perception of being threatened.
“The hegemonic powers of a
society profiting from a web of interest relations in this chaotic
world employ the language of nationalism, something that serves as a
tool to perpetuate the current structure,” Kentel explained.
“We, the ordinary people, repeat their language, but I doubt we
mean the same thing.”
Global warming increasingly perceived as
major threat
The survey also found global
warming and other environmental problems are seen as the top threat
in many places, ahead of nuclear proliferation, AIDS and other
dangers. The United States’ favorable ratings declined in 26 of
the 33 countries for which a comparison was available, with negative
views particularly strong in the Middle East. Overall, majorities in
25 of the 47 countries reported favorable images of the United
States. A majority of those surveyed expressed unease with China’s
growing military and economic influence; however, public opinion in
China was positive in South Asia and Africa.
http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=115357
When hedge funds implode
June
26, 2007
by
Axel Merk
Asia
Times
The US trade
deficit with the rest of the world leapfrogged in recent days. Aside
from goods and services, the United States is now importing
"consensus-based crisis management" from Japan.
Out of fear that
a cleanup of bad loans would trigger widespread defaults, Japanese
banks got themselves deeper and deeper into trouble by hushing up
the problems. We are talking about the crisis at Bear Sterns'
subprime hedge fund. The crisis shows that major adjustments on how
the market prices risks are overdue; this may have negative
implications for stocks, bonds, and commodities, as well as the US
dollar.
Bear Sterns is a
leading provider of services to hedge funds; it is also one of the
largest originators of subprime-backed collateralized debt
obligations. CDOs are what their name implies: a security backed by
collateral. CDOs are created when mortgages with various risk
profiles are grouped into different tranches or segments. Among
others, Bear Sterns would create a CDO in a bundle according to a
client's specifications. Indeed, Bear Sterns would work with a
rating agency, such as Moody's, to obtain the desired rating (a
practice likely to face more scrutiny as some allege that Moody's no
longer acts as an independent rating agency, but as a syndicator in
the offering).
The explosive
demand in this sector has attracted ever more creative structures.
Investors should have grown concerned when dealmakers started
suggesting that one can create a higher-grade security by grouping
together a couple of lower-grade securities; it is rare that 1 + 1 =
3. As these instruments have grown more complex, the clients buying
these instruments often do not have a full understanding of what
they buy.
How do you make
a best-seller better? You introduce leverage. Not only can leverage
be introduced in the credit derivatives that define some of these
securities, but brokers eager to attract hedge-fund business may
also accept CDOs as collateral to lend money. The hedge fund now
attracting so much attention is Bear Sterns' High Grade Structured
Credit Strategies Enhanced Leverage Fund, launched only 10 months
ago. It shall be noted that Bear Sterns did not put much of its own
money into the fund, but supplied many of the CDOs. A total of
US$600 million in invested capital was boosted with borrowings of
about $6 billion.
The collateral
provided by the fund had the highest ratings by Moody's. However, a
high rating does not ensure that the CDOs are liquid, ie, that they
can be sold off on short notice. This became painfully clear as bets
of the fund were creating heavy losses and some lenders asked for
more collateral for the loans extended. In the industry this is
called a margin call. Bear Sterns told other lenders, including
Merrill Lynch, JPMorgan and Citigroup, that the fund was unable to
provide more collateral. On a side note, it is rather grotesque that
Merrill, JPMorgan and Citigroup are among the larger investors in a
fund managed by Bear Sterns. The company put little of its own money
into the fund.
In the brokerage
industry, when a margin call is not met (when the borrower cannot
provide sufficient collateral), the broker may seize the collateral
and liquidate open positions. While a forced sale of the collateral
may be painful for the borrower, it protects the system as a whole.
Such forced sales happen all the time in the futures market, where
positions are "marked to market" every day to evaluate the
profitability and risk of open positions.
But the CDO
market is not a regulated futures market; there is no daily market
price that would allow one to assess the value of the collateral.
The primary methods used to value CDOs are called "mark to
market" and "mark to model". In the more conservative
"mark to market" approach, independent parties are asked
to value the securities; as the name implies, the "mark to
model" approach is more aggressive and uses a computed,
theoretical value.
But because
these instruments are sold in privately negotiated transactions,
rather than a regulated and liquid market, neither valuation method
is suitable in case of a forced liquidation. In the case of Bear
Sterns' fund, Merrill Lynch sent bid sheets to numerous parties,
soliciting prices for their holdings; as everyone knew that Merrill
wanted to get rid of the securities at any price to cut its losses,
it is fair to assume that the prices offered were significantly
below the value assumed for the collateral.
As Merrill went
public with its plan to auction off the collateral, others tried to
rescue the fund. There was talk that Citigroup would inject $500
million and Bear Sterns might inject $1 billion. And the Blackstone
Group was very interested in supplying much-needed capital.
Blackstone's offer required the brokers to abstain from further
margin calls for 12 months. Such restrictions may be common in the
private-equity world that Blackstone is active in, but was not
acceptable to Merrill.
As the rescue
plan fell through, Merrill stated that it would go ahead with its
auction yet again. In the meantime, JPMorgan was front-running
Merrill by trying to unload collateral it held for the Bear Sterns
fund. When all was said and done, it wasn't clear how much which
broker was able to sell, but the sales were halted once again, and
the parties seem to have agreed on an "orderly unwinding"
of the positions.
This had the
hallmark of the biggest financial crisis since the bailout of Long
Term Capital Management. In 1998, the US Federal Reserve coordinated
a bailout that led to the orderly unwinding of a fund that
threatened the stability of the financial system. But this time is
different: the instruments involved are so complex that journalists
have had difficulty relaying the issues to the public, but the
multiple calling and canceling of auctions by Merrill highlight the
behind-the-scenes maneuvering to avoid fallout to the rest of the
industry and beyond.
The risk to the
financial system was not merely that some large brokerage firms may
have been forced to write down a couple of hundred million dollars -
they may still have to do that. But had the fire sale gone through,
market values would have been available to the securities sold. This
in turn would have forced other lenders to revalue the collateral
they hold, and as the collateral is worth less, the brokers will
lend less money. That would have triggered further margin calls,
further forced liquidations.
When hedge funds
implode, they tend to sell off more liquid assets first. At the end
of the sale, the prices of the liquid assets are depressed, yet the
fund may still be left holding illiquid securities. To illustrate
this, take the example (this is not the Bear Sterns fund) of a hedge
fund that may make bets on CDOs and, say, the price of oil. As such
a fund needs to raise cash, it would close out the more liquid oil
positions, causing a spike (or drop - depending on which way the
unwinding works) in the price of oil. The resulting volatility in
the markets would be most painful for leveraged investors in the oil
market, although the crisis originated in the CDO market.
Too many
leveraged investors have become complacent because of the low
volatility enjoyed in recent years. Aside from the short-term
volatility, the high leverage employed by many hedge funds would
need to be reduced permanently. As speculators pare down their
leverage, they sell off assets to raise cash.
The
well-intended attempts to unwind the Bear Sterns fund in an orderly
fashion are highly problematic. The fund's problems have clearly
shown that the credit extended to the industry is too large. The
bankers involved commit similar mistakes to those of bankers in
Japan in the 1980s and 1990s, where clearly bad loans were kept
afloat with artificial means; those involved had the best
intentions, but caused more than a decade of pain to Japanese banks,
corporations and consumers.
It may well be
that the value obtained in a fire sale is less than that obtained in
an orderly liquidation. But the lesson to take home from this is
that CDOs must not be used as collateral for 10:1 leverage. In our
assessment, the unreasonable leverages employed by many hedge funds
have contributed to a global liquidity glut that has driven up all
asset classes, from stocks to bonds to commodities and other hard
assets. As lenders have ignored risk, volatility reached abnormally
low levels in 2006. Markets need risk to price assets properly; it
is urgently necessary that volatility come back into the markets, so
that lenders make more reasonable decisions.
The Bear Sterns
debacle highlights that the industry has gone too far, and that it
is high time that credit be reined in. So far, the first good that
has come out of all this is that the planned initial public offering
(IPO) of Everquest Financial seems to have been aborted: Bear Sterns
was the underwriter in Everquest, a firm that specializes in buying
CDOs from hedge funds.
Another hope is
that traditionally more conservative investors, such as pension
funds, will reduce their exposure to overly leveraged hedge funds.
If such investors are told that they should not "rock the
boat" with a rushed decision, they may be well served to take
their losses now rather than potentially even greater losses later.
Federal Reserve
chairman Ben Bernanke is particularly proud that regulators have
extensive experience on how to manage crises. The danger of superior
crisis management is that you take the "danger" out of
investing. Without risk, speculators have no restraint; in recent
years, we have called this the "Greenspan put", named
after the reputation of former Fed chairman Alan Greenspan to allow
bubbles to be created, and then bail out those who suffer from the
bursting of the bubble. The Fed is shooting itself in the foot with
such an attitude, as the Fed loses control of the money supply in a
world where risk is underpriced.
When European
Central Bank president Jean-Claude Trichet was recently asked
whether the latest interest-rate hike in the euro-zone meant credit
was now tight, he mused that higher interest rates mean little when
sources of credit are abundant. His comments came before the recent
selloff in bond prices. But as bond prices sold off in recent weeks,
lower grade bonds fell not significantly more than government bonds.
A healthy market requires a greater risk premium for junk bonds. The
collapse of an overly speculative fund must be allowed, so that
investors have an incentive to demand higher yields for riskier
investments.
In summary, we
expect volatility to pick up in all markets. As volatility picks up,
speculators may sell assets to raise cash. Given the gains
experienced in just about every asset class, there may be few places
to hide. As bond prices may be under further pressure, the cost of
borrowing goes up; this in turn may have implications for American
consumers whose spending habits are interest-rate-sensitive because
of their high levels of debt. This is where the circle to the trade
deficit is closing.
The US dollar is
dependent on inflows from abroad, as Americans import more than they
export. If higher borrowing costs cause consumers to spend less,
foreigners may redeploy more of their investments to other, more
robust areas in the world. While Treasuries tend to be the first
safe haven in times of increased volatility, the dollar no longer is
the safe haven it used to be. In our view, a diversified approach to
something as mundane as cash is something investors may want to
evaluate. Gold is one such diversification; a basket of hard
currencies is another.
Axel Merk is the portfolio manager of the Merk Hard Currency Fund.
Roswell
aliens theory revived by deathbed confession
June 1, 2007
news.com.au
Exactly 60
years agoa light aircraft was flying over the Cascade Mountains in
Washington State, at a height of around 3000m.
Suddenly, a
brilliant flash of light illuminated the aircraft.
Visibility
was good and as pilot Kenneth Arnold scanned the sky to find the
source of the light, he saw a group of nine shiny metallic objects
flying information.
He
estimated their speed as being around 2600km/h - nearly three times
faster than the top speed of any jet aircraft at the time.
Soon,
similar reports began to come in from all over America.
This wasn't
just the world's first UFO sighting, this was the birth of a
phenomenon, one that still exercises an extraordinary fascination.
Military
authorities issued a press release, which began: "The many
rumours regarding the flying disc became a reality yesterday when
the intelligence officer of the 509th Bomb Group of the Eighth Air
Force, Roswell Army Air Field, was fortunate enough to gain
possession of a disc."
The
headlines screamed: "Flying Disc captured by Air Force".
Yet, just
24 hours later, the military changed their story and claimed the
object they'd first thought was a "flying disc" was a
weather balloon that had crashed on a nearby ranch.
The key
witness was Major Jesse Marcel, the intelligence officer who had
gone to the ranch to recover the wreckage.
He
described the metal as being wafer thin but incredibly tough.
It was as
light as balsa wood, but couldn't be cut or burned.
These and
similar accounts of the incident have largely been dismissed by all
except the most dedicated believers.
Astonishing new twist
But last
week came an astonishing new twist to the Roswell mystery.
Lieutenant
Walter Haut was the public relations officer at the base in 1947 and
was the man who issued the original and subsequent press releases
after the crash on the orders of the base commander, Colonel William
Blanchard.
Haut died
last year but left a sworn affidavit to be opened only after his
death.
Last week,
the text was released and asserts that the weather balloon claim was
a cover story and that the real object had been recovered by the
military and stored in a hangar.
He
described seeing not just the craft, but alien bodies.
He wasn't
the first Roswell witness to talk about alien bodies.
Local
undertaker Glenn Dennis had long claimed that he was contacted by
authorities at Roswell shortly after the crash and asked to provide
a number of child-sized coffins.
When he
arrived at the base, he was apparently told by a nurse (who later
disappeared) that a UFO had crashed and that small humanoid
extraterrestrials had been recovered.
But Haut is
the only one of the original participants to claim to have seen
alien bodies.
UFO pieces handed around
Haut's
affidavit talks about a high-level meeting he attended with base
commander Col William Blanchard and the Commander of the Eighth Army
Air Force, General Roger Ramey.
Haut states
that at this meeting, pieces of wreckage were handed around for
participants to touch, with nobody able to identify the material.
He says the
press release was issued because locals were already aware of the
crash site, but in fact there had been a second crash site, where
more debris from the craft had fallen.
The plan
was that an announcement acknowledging the first site, which had
been discovered by a farmer, would divert attention from the second
and more important location.
The clean-up operation
Haut also
spoke about a clean-up operation, where for months afterwards
military personnel scoured both crash sites searching for all
remaining pieces of debris, removing them and erasing all signs that
anything unusual had occurred.
This ties
in with claims made by locals that debris collected as souvenirs was
seized by the military.
Haut then
tells how Colonel Blanchard took him to "Building 84" -
one of the hangars at Roswell - and showed him the craft itself.
He
describes a metallic egg-shaped object around 3.6m-4.5m in length
and around 1.8m wide.
He said he
saw no windows, wings, tail, landing gear or any other feature.
Haug 'saw the alien bodies'
He saw two
bodies on the floor, partially covered by a tarpaulin.
They are
described in his statement as about 1.2m tall, with
disproportionately large heads.
Towards the
end of the affidavit, Haut concludes: "I am convinced that what
I personally observed was some kind of craft and its crew from outer
space".
What's
particularly interesting about Walter Haut is that in the many
interviews he gave before his death, he played down his role and
made no such claims.
Had he been
seeking publicity, he would surely have spoken about the craft and
the bodies.
Did he fear
ridicule, or was the affidavit a sort of deathbed confession from
someone who had been part of a cover-up, but who had stayed loyal to
the end?
The US
government came under huge pressure on Roswell in the '90s.
In July
1994, in response to an inquiry from the General Accounting Office,
the Office of the Secretary of the Air Force published a report, The
Roswell Report: Fact Versus Fiction In The New Mexico Desert.
Weather balloon 'cover story'
The report
concluded that the Roswell incident had been attributable to
something called Project Mogul, a top secret project using
high-altitude balloons to carry sensor equipment into the upper
atmosphere, listening forevidence of Soviet nuclear tests.
The
statements concerning a crashed weather balloon had been a cover
story, they admitted, but not to hide the truth about
extraterrestrials.
A second US
Air Force report concluded claims bodies were recovered were
generated by people having seen crash test dummies that were dropped
from the balloons.
Sceptics,
of course, will dismiss the testimony left by Haut.
After all,
fascinating though it is, it's just a story. There's no proof.
But if
nothing else, this latest revelation shows that, 60 years on, this
mystery endures.
Comment: Since TBR News takes so much delight in assassinating the flood
of weird conspiracy theories that flood the internet such as the
plasmoid clouds that brought down the WTC, Weather Control, Remote
Viewing, HAARP, chemtrails and other entertaining fictions (to which
one can add the Jesus myths and legends, Creative Design, the
Rapture and more), that it is refreshing for us to run a story that
we all believe completely. One of us once lived just outside of
Roswell, NM and the locals all firmly believe this story. Airforce
General Vandenburg wrote a report, available from the National
Archives, in which he clearly admitted this and stated further that
transistors were developed from electronic material found at the
crash site. BH
Farce of the Week
What is an 'Iraq-style car bomb'?
June 30, 2007
expressindia.com
Baghdad, June 30: Following
this week's foiled car bombs in Central London, the British media
raised the spectre of ‘Iraq-style attacks’, but what exactly
would be the hallmarks of such a campaign?
On Friday, London police
defused explosives in two Mercedes cars that had been loaded with
gas canisters and nails and left in Central London, and analysts
have fingered the al-Qaeda group as a possible suspect.
Car bombings are a daily danger
in Iraq, and many of them are allegedly built and triggered by al-Qaeda
in Iraq, the local franchise of Saudi-born extremist Osama bin
Laden's jihadi network.
But car bombs weren't invented
in Iraq.
In 1920, Italian anarchist
Mario Buda exploded a horse-drawn wagon packed with dynamite near
Wall Street, killing 40 people in New York's financial district 8
decades before the September 11 attacks.
In fact, after four years of
bloodshed, Iraq's myriad militant groups use a wide and constantly
evolving array of improvised weapons to spread panic and counter the
hi-tech arsenal arrayed against them by the US military.
The military knows these
weapons by a variety of acronyms:
The VBIED or SVBIED: The
‘vehicle-borne improvised explosive device’ or ‘suicide
vehicle-borne improvised explosive device’ are the two weapons
that most resemble those found and dismantled in London.
Commonly parked in crowed areas
such as markets or outside mosques, the car and truck bombs are
designed to indiscriminately spray deadly sharpnel and cause mass
slaughter, spread fear and undermine the Iraqi government.
The London bomb was packed with
nails and gas canisters, a technique that has been used elsewhere,
but Iraqi bombs commonly use artillery shells looted from Saddam-era
arms dumps wired to an explosive charge.
A chilling recent development
has seen insurgents use tanks of chlorine gas alongside the
explosives but, while this has caused burns and spreads panic, it
has yet to genuinely increase the weapon's lethal potential.
The IED: The ‘improvised
explosive device’ is the catch-all military term for a wide
variety of roadside bombs and booby-traps, planted on Iraq's roads
and used to target US and Iraqi military patrols and convoys.
Again often built around
elderly artillery ammunition, these homemade devices show a varying
degree of sophistication and power.
US engineers are in a race to
design better armour to protect vehicles and better measures to
counter IED triggers, which can be infrared beams, command wires,
simple pressure plates or trip wires or mobile phones.
The EFP: The
‘explosively-formed penetrator’ sometimes called an
‘explosively-formed projectile’ is a shaped charge explosive
which fires a fist-sized slug of molten metal capable of punching
through US armour.
Allegedly designed and
manufactured in Iran, it has allowed Iraqi militants and Lebanese
Hezbollah fighters to counter US and Israeli tanks with deadly
effect, accounting for hundreds of military casualties.
It is usually employed like an
IED as a roadside bomb.
Suicide Vest or PBIED: The
‘person-borne improvised explosive device’ is a harness packed
with plastic explosives and nails or ball-bearings which is exploded
by a suicide attacker, usually among crowds of civilians.
London Bomb--What a Crock of Crap!!
June 29, 2007
by Larry Johnson
No Quarter
So I turn on the telly this morning and find breathless CNN anchors
hyperventilating over the nuclear suicide car weapon of mass
destruction discovered smoldering outside of a London nightclub.
One report from the scene notes that:
London police were contacted when witnesses saw a Mercedes being driven
erratically near London West End night club Tiger Tiger, and the
driver jumped out of the
automobile and ran away. The car was reported to have two
gasoline canisters and be full of nails
CNN adds:
London police were contacted when witnesses saw a Mercedes being driven
erratically near London West End night club Tiger Tiger, and the
driver jumped out of the automobile and ran away. The car was
reported to have two gasoline canisters and be full of nails.
Explosives officers discovered the fuel and nails attached to a
"potential means of detonation," inside the vehicle.
Officers "courageously" disabled the trigger by hand, he
said. Security sources told CNN that the "relatively crude
device" in the first
car contained at least 200 liters, or about 50 gallons, of fuel in
canisters.
You know what you call a vehicle with 50 gallons of gas? A Cadillac
Escalade. The media meltdown over this incident is simply
shameful.
For starters, gasoline is not a high explosive. If we were talking
50 pounds of Semtex or the Al Qaeda standby, TATP, I would be
impressed. Those are real high explosives with a detonation
rate in excess of 20,000 feet per second. Gasoline can explode
(just ask former owners of a Ford Pinto) but it is first and
foremost an incendiary. If the initial reports are true, the
clown driving the Mercedes was a rank amateur when it comes to
constructing an Improvised Explosive Device aka IED. Unlike a
Hollywood flick the 50 gallons of gas would not have shredded the
Mercedes into lethal chunks of flying shrapnel
The fact that "officers courageously disabled the trigger by
hand" coupled with the report of the smoke in the car leads me
to believe that the mad London "bomber" tried to construct
a Molotov cocktail of sorts and lit a cloth fuze. Fortunately
he left the windows in the car up and there was not enough oxygen to
really get the fire going. Looks like the brave British police
reached in and snuffed the flame
Judging from the overreaction to this non-incident I think we can safely
conclude that Osama Bin Laden will remain holed up in Pakistan and
let the fear mongers at CNN, MSNBC, and FOX do the dirty business of
scaring the shit out of people.
UPDATE: Ahh, the panic continues! Yuppie terrorists are on
the loose! Now we're being told there are two cars (both
Mercedes I might add) with a Rube Goldberg contraption consisting of
propane tanks, some petrol, a light bulb (or maybe light bulb
filaments), etc. A propane tank explosion makes a hell of a
noise but does not create widespread shrapnel dispersion.
Busted eardrums and broken glass are more likely. Getting
these tanks to explode is difficult. The ones I have
witnessed occurred when a house under construction caught on fire.
But there is nothing in two 25lb propane tanks inside a Mercedes
that will detonate with sufficient force to shred the automobile and
send hundreds to meet their Allah, God, Buddha, or whatever.
Still a crock of hype and over-reaction. Let the police do
their job. Investigate the culprits and get these nitwits out
of circulation before they harm themselves
Comment:
There is nothing we can say to improve on the last author’s
comments. This was some Muslim yuppie group at work. If both
“bombs” went off at the same instant, they would wreck the
car’s interiorr and cause hearing problems for people on the
sidewalks next to them but you could stand twenty feet away and not
get a scratch. But imagine the fun if some playful person filled a
surplus Navy ammo can with milk sugar, slapped on a few easily
available bio hazard stickers and left it, partially opened, beside
the main reservoir in Washington? If he called the police and all
the news media and then
went and hid somewhere, the resulting
chaos would make the “Mercedes Bombs” look like nothing.
CNN and Fox would screech about this for at least two months and the
rest of us would wonder what happened to Jon Benet Ramsay. This
reminds me of hysterical Jewish groups screaming that they were’
just about’ to arrest Martin Borman when he had been dead and
buried since 1945. Brian
Harring
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