Savings Experiment: Snow Removal
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?The New York Times [registration] reports that the Carlyle Group and the NASDAQ Stock Market, Inc. (NASDAQ: NDAQ) are selling out to one of the countries -- United Arab Emirates -- from which two 9/11 hijackers -- Marwan al-Shehhi and Fayez Benihammad -- hailed.
Specifically, the government of Abu Dhabi, United Arab Emirates' capital, will buy 20% of Carlyle Group, valuing it at $20 billion. While yesterday, NASDAQ announced that is was selling 19.9% of itself to Borse Dubai, the Dubai government-controlled exchange.
But not a peep of protest is emerging from the White House. And why should it protest? This is the decade where it's better to be a barrel of oil -- or a country that sits on oil -- than to be an American. After all, the price of oil is up 242% to a record $82 a barrel since its January 2001 price of $24 a barrel. Meanwhile, since 2001, the median family income adjusted for inflation has stagnated. Bernanke's bailout has slashed the dollar to record low levels against the Euro -- and since oil is traded in dollars -- that means people who drive will be paying more than ever.
Fortunately, in the case of NASDAQ, there is some rising anger in Congress akin to the successful effort to stop the sale of a company that managed U.S. port operations to a Dubai-controlled company. The administration's drive to sell our infrastructure to the enemy seems more consistent with its War on the American Middle Class than its so-called War on Terror.
I'm not surprised that Carlyle would sell out to the enemy since its senior advisers are so deeply embedded in the oil industry. But selling the stock exchange that takes technology companies public points another dagger at our economic jugular.
Peter Cohan is president of Peter S. Cohan & Associates,. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in NASDAQ.
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Reader Comments (Page 1 of 1)
9-21-2007 @ 9:31AM
cb_brooklyn said...
Dr Morgan Reynolds, the former Chief Economist of the US Dept of Labor, is suing private contractors alleging they defrauded the government by supplying bogus analyses for the official 9/11 NIST Report of an aluminum airplane with a plastic nosecone gliding into a steel/concrete building.
Dr Reynolds is represented by attorney Jerry Leaphart, and is demanding a Trial By Jury.
The US District Court, Southern New York, recently unsealed the case and Mr Leaphart is now notifying the Defendants.
See Dr Reynolds site for info and the Court Document PDF:
http://nomoregames.net/index.php?page=911&subpage1=federal_case
Dr Judy Wood, a former Professor of Mechanical Engineering from Clemson University, recently filed an appeal with the government for their refusal to retract their report on the World Trade Center destruction. Dr Wood (and Dr Reynolds) have compiled much evidence demonstrating that the WTC was destroyed with directed energy weapons. She has been in contact with government officials and is getting results. See Dr Wood's site for evidence of directed energy weapons and PDFs of official Request for Corrections filed with the government:
http://drjudywood.com
Dr Wood is also represented by Jerry Leaphart.
It's every American's duty to remove corrupt elements in the government.
Please help by distributing the above material to your local media.