Category: France

  • Yes to a NATO Turkey, no to a European Turkey

    Yes to a NATO Turkey, no to a European Turkey

    Mostafa Zein       Al-Hayat     – 07/04/09//

     

    Enter NATO with us. Give us your military strength so that we can together defend our borders. We will contain Communism, coming from Russia. We will confront the nationalist currents that are dangerous to us and to Israel. It is no matter if religion is used in this battle. Spread your moderate Islam in the Middle East. But do not come near our European Union, for you are, despite your moderation, backward and different.

    This is a summary of European-Turkish relations ever since Kemal Ataturk declared in 1923 his affiliation with the old continent, deluded into thinking that replacing Arabic letters with Latin ones and eliminating the tarboush and the hijab would forge a new identity and erase the long history of enmity between the two sides. It was a relationship that turned Turkey, with its strategic and historical weight, into a mere military arm of NATO.

    The best expression of the racist view toward Ankara, despite the need for it, might have come in the speech by French President Nicholas Sarkozy, answering President Barack Obama’s call on the EU to admit Turkey as a member. During the Euro-American Summit in Prague, Sarkozy said, “I work hand in hand with President Obama, but with regard to Turkey’s joining the EU, the decision lies with member states.” He added: “I have always opposed this membership and will continue to do so. I believe that the overwhelming majority of EU states supports France’s position… Turkey is a very big country and an ally of NATO and of the US, and should remain a privileged partner. However, my position will not change.”

    Privileged partnership is not the position of the French right alone, as the left shares this vision. In his book “Yes to Turkey,” the French Socialist Michel
    Rocard (prime minister under Francois Mitterand and a deputy in the European Parliament) maintained that Ankara’s joining the EU was “a life insurance policy” for Europe. But at the same time, he said that this gift should come in 2023, on the centennial celebration of Turkey’s founding, after the defeat of the Ottoman Empire. Until then, the EU should work on gradually absorbing Turkey into its institutions, through a privileged partnership that will see it abandon its cultural criteria, to be in line with European standards. Rocard does not forget to recommend that it join, beginning now, common security policies, in order to participate in achieving geopolitical goals for Europe. These include standing up to Iran, and assisting in the control of sources of oil.

    The European left and right want Ataturk’s military, but not its culture. The ruling Justice and Development Party, with its moderate Islam, will remain outside the gates, to fend off attacks and spread its message in its own surroundings. It has now begun to play this role, by trying to recover the Ottoman relations, albeit modified, with the Middle East and Central Asia.

  • Tuesday 7 April 2009
  • It is an inconvenient truth that the two most influential countries in the Middle East are both non-Arab – Iran and Turkey. But some hope must lie in the fact that Barack Obama yesterday chose to make Turkey the focus of an attempt to bridge the gulf between Islam and the west. Alighting on Turkey as an example of the deal that can be struck between the US and the Muslim world is as bold in foreign policy terms as it is risky in domestic ones. There are plenty on the right who would seize on Mr Obama’s self-identification as an American who has Muslims in his family. But to choose the Turkish parliament as the venue to say that his country is not and never will be at war with Islam is the mark of a man who is showing increasing confidence on the world stage.

    The French president and the German chancellor, who have bolted the door to Europe, have dropped the ball on Turkey. They have yet to see what Mr Obama has already understood. Turkey’s biggest asset is its geopolitical role, and it is using it intelligently. The president, Abdullah Gul, has gone to Armenia on the first visit by a Turkish leader in the two nations’ bitter history. Ankara is also trying to transform its relationship with Iraqi Kurds. Turkey mediated indirect talks between Syria and Israel, and when the prime minister Recep Tayyip Erdogan stormed off the stage at the World Economic Forum in Davos, telling the Israeli president, Shimon Peres, that he was killing people in Gaza, Turkish flags went up all over Palestine.

    At a time when Washington is reviewing its policy on the stalled Israeli-Arab peace process, Mr Erdogan’s message that Hamas must be represented at the peace table carries weight. Not least it gives Israel, which maintains close ties with Ankara, cause for concern. If any country can reinforce the message to Mr Obama that the current status quo is untenable it is Turkey.

    Mr Erdogan is not without his domestic problems. His Justice and Development party won about 39% of the vote at recent local elections, well down on the 47% it got two years ago. It was 36% in Istanbul and the coastal cities, a clear sign that he must listen to the progressive areas of his country. He has relaunched moves to widen ethnic and religious freedoms, and promised to work on a new and less authoritarian civilian constitution. Turkey is always reforming and never reformed, and Mr Erdogan may have personally lost faith in the ultimate goal of seeking accession to the EU, no thanks to Mr Sarkozy. Turkey is not a model country, any more than any other is. But it is a telling example. It undermines the western notion that Islam and modernity are somehow fundamentally incompatible, and it does have useful regional contacts. Next stop Iran.

    https://www.theguardian.com/commentisfree/2009/apr/07/barack-obama-turkey-east-west

  • “Terrorism Supporter” to be the Secretary General of NATO?

    “Terrorism Supporter” to be the Secretary General of NATO?

    By Sedat LACINER

    NATO has started to take on new roles, especially after the Cold War period, among which combating international terrorism is its first priority. The expansion of NATO’s operation area from the former Yugoslavia to Afghanistan is also a new development NATO is operating among religiously and ethnically diverse populations from numerous regions. Hence, the Organization’s operation locations ”at an equal distance from all religions and cultures” is of the utmost importance in accomplishing its mission. NATO is currently preparing to welcome its new secretary general, and Denmark’s Prime Minister Anders Fogh Rasmussen is in the lead, among the other strong candidates, in consideration for this post.

    The US, Germany, and other significant NATO members have already asserted their support for Rasmussen. Moreover, Denmark has been conducting lobbying campaigns in support of its prime minister. Yet, since Rasmussen has an unfavorable record in combating terrorism and in conducting dialogue between civilizations, he is the worst candidate for the NATO or any organization of this kind:

    * Copenhagen Is Broadcasting “Terrorist TV’

    First, Rasmussen tolerated the PKK’s (Kurdistan Worker’s Party) activities in Denmark, and gave permission to the terrorist organization launching a television channel in Copenhagen: Roj TV, perceived as a culture channel by the Danish authorities, which enhances the so-called suppressed Kurds’ language and culture. However, to ignore the close relations between Roj TV and the PKK, one should be blind or malicious.

    The TV channel repeatedly broadcasts PKK terrorists to the screen. Moreover, most of these terrorists are well known some are leaders of the Organization or even suspects on Interpol’s wanted list.

    Moreover, the TV channel calls Kurdish people to perform acts of violence and terrorism against Turkey every day. Despite the fact that inciting violence is banned by the EU and Danish law as well, Denmark did not take any measures to discourage this persistent malice.

    Turkey has warned Denmark on the matter numerous times. Not only Turkey, but also the United States (US) has pointed to dubious relations between Roj TV and the PKK and called for the channel to be shut down. Yet the Rasmussen Government did not take these warnings seriously, only postponing the solution by saying, “The police are investigating the issue,” or “our judges are going to focus on the matter.”

    The terrorist relations between Roj TV and the PKK were obvious and the Danish government did not need any clues to figure out this connection. MED TV, the first channel established by the PKK, was banned by the British television authority ITC in 1999. The terrorist organization then moved its TV channel to France, under the name “MEDYA TV.” However, the France did not welcome the channel either, and it was closed down by the court after a short period of broadcasting.

    The PKK moved to Denmark after the UK and France and found a government willing to help its cause. While Roj TV was broadcasting from Denmark, it was banned in Germany due to its terrorist roots. The PKK’s reaction to Germany’s stance was to kidnap German mountain climbers in Turkey. However, Germany did not yield to the PKK’s blackmailing and insisted on its decision on banning the TV channel. Indeed, the PKK is labeled in Danish law as a “terrorist organization” as it was by the US, the EU, the UK, Germany, and Turkey. Yet, Rasmussen continues to protect the terrorist organization’s activities by tolerating them. Thus, the PKK and its branches have freely carried out their activities in Denmark as if it was a civil society organization.

    Now, the prime minister of this government, who has turned a blind eye towards terrorism, and is even seen as a supporter of terrorism, is preparing to be the head of NATO which regards combating terrorism as one of its primary missions. If Rasmussen becomes the Secretary General of NATO, this could possibly affect numerous NATO policies, especially those related to combating terrorism. Moreover, this could lead many countries including but not limited to Turkey, to question their confidence in the Organization’s policies.

    * Cartoon Crisis

    Rasmussen’s stance during the “Cartoon Crisis” is another fact which makes him a weird figure for the Secretary General of NATO.

    Just after the release of the caricatures in Jyllands-Posten newspaper on September 30th, which picture Muslims and their prophet as terrorists, Turkey warned Denmark to be aware of the incoming danger. Ambassadors of ten Muslim countries pioneered by former Ambassador of the Republic of Turkey to Denmark sent a signed petition to the Prime Minister Rasmussen to protest the events. The ambassadors asked for a meeting with Rasmussen to evaluate the crisis and call for the peace atmosphere. Turkey aimed to bring the representatives of the Muslim countries in Copenhagen and the Denmark Government together during that crisis. However, Rasmussen did not appraise Turkey’s good will and his government implied that they did not need Turkey’s mediation on the issue. Rasmussen rejected the meeting request rudely. The caricature crisis spread to all Muslim countries as a result, and more radicals like Iran became dominant in anti-Denmark campaigns gradually, yet decisively. Whilst Denmark’s interests started to be damaged from these campaigns, Rasmussen declared that he personally condemned the caricatures, yet, he continued to evaluate the issue within the context of freedom of speech. His management of crisis was not only unsuccessful but also was narrow sided. Rasmussen ignored dialog and underestimated Turkey and its soft power. Today, for many Muslims, Denmark is a country which insulted their Prophet.

    Is not the Rasmussen’s taking post going to disrupt NATO’s operations in Afghanistan while the perception toward Denmark is highly problematic among the Muslim countries?

    * Turkey’s EU Membership

    Rasmussen’s opposition to Turkey’s EU membership on the ground that Turkey has a different cultural-religious background is the third reason which damages Rasmussen’s image in the eyes of Turkey and Muslim countries. For Rasmussen, who seems as if he does not make religion based politics, Turkey does not have a place in the EU.

    Rasmussen had a significant role in Denmark’s opposition to Turkey’s EU membership as contrary to the stance of other countries in the Northern Europe. The Prime Minister also chose to support Turkey’s opponents whenever Turkey had a disagreement with other countries. His behavior towards Turkey was scorning and perception of Turkey for Rasmussen was “an Eastern country waiting at the EU’s door.” Resembling to Europe’s fanatical rightist politicians, Rasmussen became a problematic figure who discourages Turkey on the way to the EU membership.

    Since he has been opposing Turkey’s EU membership as the first Muslim country to be in the EU, it is not hard to guess to what extent Rasmussen would damage the relations between the NATO and other Muslim countries.

    ***

    Indeed, it is like a bad joke

    While we were happy for getting rid of the Bush administration, Danish version of Bush is preparing to be the head of NATO during the Obama presidency.

    slaciner@gmail.com

    Sedat LACINER: BA (Ankara), MA (Sheffield), PhD (King’s College, London University)

    ***
    Translated by Dilek Aydemir, USAK
    Language Edit by Kaitlin MacKenzie, USAK

    Source: Journal of Turkish Weekly, 26 March 2009

  • Two million march across France

    Two million march across France

    By John Lichfield in Paris

    Friday, 20 March 2009

    President Nicolas Sarkozy was facing the prospect of a deepening social and political revolt yesterday after more than two million people took to the streets to protest against his handling of the global recession.

    French trades unions succeeded in mobilising even more protesters than for their previous, impressive show of strength in late January. A day of strikes in the public and private sectors did not bring the country to a halt but disrupted transport, schools and government offices, newspapers and radio stations and some factories.

    M. Sarkozy is known to be worried that a lingering and hot-tempered dispute over university reforms could merge with the anger generated by the recession to create the kind of April-May street revolt that France has known in the past, notably in 1968.

    Yesterday’s protests in 200 towns and cities, including a raucous march by about 350,000 people in Paris, passed off peacefully apart from the usual end-of-demo vandalism and missile-throwing by a minority. Police made 300 arrests last night after running battles with hooded youths.

    Judging by the faces and voices in the Paris march, the challenge to M. Sarkozy is coming not just from a hot-headed fringe, or from the usual suspects of the left, but from a groundswell of anger and fear among ordinary people. Nathalie Brisac, 48, a teacher training instructor, said: “I have never attended a demonstration before. There is no point in protesting against the recession, but we can demand fairness in the way the government responds to it: less money for bankers and more for ordinary people.

    A poll suggested the protests were supported by 74 per cent of French voters. With unemployment over two million, the unions want M. Sarkozy to protect jobs, boost wages and scrap his 50 per cent tax “ceiling”.

    Source:  www.independent.co.uk, 20 March 2009

  • 2009 ANNUAL DUES, DONATIONS and Book Sales

    2009 ANNUAL DUES, DONATIONS and Book Sales

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  • Poor Richard’s Report

    Poor Richard’s Report

    Poor Richard’s Report
    Over 300,000 readers
    My Mission: God has uniquely designed me to seek, write, and speak the truth as I see it. Preservation of one’s wealth while continuing to provide needed income is my primary goal for these unsettled times. I have been given the desire to study and observe global money progressions and trends for the last 50 years. I evaluate possible future trends in order to provide positive concepts for you to form your own conclusions. The main purpose of this letter is to warn you of possible financial sinkholes.
    Good Bye Stocks – Hello Bonds

    We are leaving the golden era of free enterprise due to unmitigated greed and chicanery. We can easily adjust if we accept the true meaning of what awaits us. If we fight to retain our old dreams and fantasies we will see ourselves being spoon fed by fat socialist bureaucrats for the “common good”.
    In this letter I will present some facts for your perusal and then you can make up your own mind in regards to your financial decisions. Those willing to change their offensive strategy can become winners in life’s never ending battles.
    The result of these recent price disturbances (all the bubbles bursting) is the falling value of the property that has been borrowed against. The value of the property’s income also falls. We have come from extreme over indebtedness and now find ourselves in a hole – we should stop digging.
    This is a hard lesson that our grandparents learned in the 1930’s, but sadly has been forgotten as satanic greed took over our souls. We now find ourselves caught between a recession and a depression. I call it a MESSYSESSION.
    All the corporations whose bubbles have burst must work down their inventories; since many are in the financial sector this will take time. Individuals must use their earnings to pay down debts to save their homes instead of spending money on frivolous purchases. The Rule of 72 has the deck stacked against them, unless the Usury Law is resumed. The lack of the Usury Law is quicksand for our economic recovery.
    The working down of inventories alone can be deflationary, however, the Federal Reserve has been pumping money into our supply pipeline at super speed. When an entity goes bankrupt, those debts do not go back into circulation, they go to money heaven. This is why the Fed has to keep the supply pool full and why this action should keep us out of a depression.
    Having to pay down all this debt slows down our economy and hurts our suppliers worldwide. This is why we have a world wide Messysession.
    Corporations that have borrowed from the Government will have a hard time maintaining their common stock dividends because their first priority is bond interest. Their second priority is preferred dividends. What is left over will then be distributed to common stock holders or used for debt reduction. Debt reduction means job security.
    Sooner or later the US Government will have to go on a massive borrowing campaign. This could weaken the dollar and send interest rates soaring along with the price of Gold – for a while.
    Some recessions are “V” shaped, which means stocks fall down hard and come back up quickly. Stocks tumble, but recover because there are people looking across the valley. If the recovery is like an elongated “U” or “L” one needs binoculars to see across the valley to a recovery. This could cause price to earnings ratios to shrivel, since analyst’s earnings estimates will be suspect at best. The economy can take a year or two to recover based upon how responsible Congress is. It will be years before our economy fully recovers from all the bubble bursting. What we need is a cheap new energy invention.
    The only period, since 1872, where stocks substantially outperformed bonds on a prolonged basis was the 1950s to 1960s. This was a golden era for stocks and it has taken many abuses to wind down.
    These are some of the many issues that President Obama faces on the home front. Now we shall look at some of his international problems.
    Europe is changing. It used to be that France and Germany were the major players, with Great Britain looking on. The United States has encouraged the expansion of the European Community to diminish the power of the two largest countries. Poland is emerging as an economic power and if Turkey is admitted, as they should be, they will bring new found political clout for the first time since the demise of the Ottoman Empire 90 years ago. Their inclusion could bring stabilization to the chaotic Middle East situation. Turkey has freedom of religion, a vigorous economy (17th largest), and a solid government. Their influence is growing. They also have a strategic location to insure peace long term.
    Then, there is Russia, who can throw all kinds of money around, but when it comes to signing on the dotted line – they cannot be trusted. Turning off gas supplies in mid-winter and canceling major contracts with world-renowned companies are actions that are hard to forget. Obama has pledged to focus US military power on the war in Afghanistan. The bulk of supplies must come from the north. Russia does not want a ballistic missile defense system in central Europe. It wants a halt to NATO expansion and reduced American influence in the Caucus and central Asia. They also want a broad renegotiation on non-trivial treaties that are terrible for Russia in 2009. (Anyone want to be President?)
    We must come up with a way to renew confidence for the consumer. First and foremost is the renewal of our Usury laws that were dropped because disintermediation was wrecking the banking system in the 1970s. Creating lasting jobs will not happen by just building roads. These programs must be done so that they promote or improve future growth. It is difficult to do this on a national level because there are too many fingers in the pie. Programs done on a state level are easier to control. It is more realistic to meet regional needs.
    Lowering corporate taxes when a corporation moves into intercity areas would mean better roads, and businesses to support them. Raising taxes invites tax avoidance schemes that only benefit the issuer. It also removes money from the private sector. Today, pricing power has evaporated.
    There must be global reorganization of the securities laws, most importantly the Uptick rule. Countries that do not participate should be banned from trading within the member countries. Today hedge funds and institutions have spent millions of dollars on sophisticated trading programs. This makes for an uneven playing field and has driven the small investor to the sidelines, as witnessed by declining volume on the exchanges. The large institutional investor becomes the ultimate bag-holder at the bottom of markets when they have no one to sell to.
    If a country’s Gross Domestic Product (GDP) is declining that means the average on corporate earnings will be declining also. This means fewer companies will be showing an increase in earnings and therefore there will be fewer securities that have an investment grade value. Since there are already too many mutual funds and they all cannot buy the same stocks, that game is over. I would sell your mutual funds while you can if you are over 55 years old. If they get too many orders for liquidation they have the option of delivering stock of the same value to you. That is an easy way to get rid of their losers. If you are under 55 and own a balanced fund where the income can be reinvested on a periodic basis you are in the catbird seat. Lower prices will mean more shares and 10 to 15 years from now when the market recovers you could be a wealthy person. Other low income on non paying funds should be sold. It could be 20 to 25 years just to breakeven and that is only if it is a survivor.
    First quarter earnings are going to be a disaster. I suspect this is when many will throw in the towel and give up.
    Gold should be considered a hedge – possible short term.
    Here are some moneymaking ideas. A successful portfolio can be 20% equities 50% fixed income and 30% cash.
    By equities I mean income-producing securities yielding over 5%. There are a few out there that are “stupid” cheap versus dirt-cheap. Then there are preferred stocks, many of which are 85% tax-free. Many are selling below their call price. This means if a company wants to improve its balance sheet, they can do that by calling your preferred from you by paying the call price. If they fail to pay a preferred dividend it becomes cumulative. To resume payments they must make up the back dividends first. One that falls into this category is: AMERCO Pfd A (NYSE) 20 (2-6-09) pays $2.125 which yields 9.41%. gives you a tax free yield of 8%. If they call the stock at $25 you will have a $5 gain which amounts to a 25% gain. You won’t be able to have this return with common stocks over the next several years.
    Tax free bonds were good when income tax rates were 55%-92%. The low tax rates today are beaten by preferred stock’s rates, such as the one I mentioned above. You have a ready market and real value. What you see is what you get. There was an issue on Long Island that defaulted in the depression. A default like that today would wreck havoc in the entire sector. For safety reasons, please avoid tax-free bonds.
    Since the US has to borrow around a trillion dollars or more, Government bonds could be an instant loss. For now, I would avoid these also. That leaves us with corporate bonds. Many corporate bonds have a better balance sheet than the United States. Buying bonds in the five year range is the safest place to be. As the bond gets closer to maturity the price fluctuations are at a minimum and easily salable. You are better off buying an individual bond than a fund. The fund will charge a yearly management fee as well as anything else they can get away with. Also, some funds simply dump bonds into a portfolio and walk away. There was a case where a fund dumped their holdings of an issue right at the very bottom, only to have the bonds called a few months later. Please remember that corporate bond holders have first lien on a corporation’s asset.
    I suspect that in a few months you will see a stampede out of many mutual funds and a proliferation of all types of bond funds trying to cash in on the new trend. Keep it simple- buy your own.
    I know I have thrown many ideas your way in this letter and I apologize, but I feel the times warrant such thinking. I will be available, free of charge, to anyone who would want to discuss any of these ideas at the addresses below.
    CHEERIO!!!!
    Richard C De Graff 2/10/2009
    256 Ashford Road
    RER Eastford Ct 06242
    860-522-7171 Main Office
    800-821-6665 Watts
    860-315-7413 Home/Office
    rdegraff@coburnfinancial.com

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