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Sunday, May 4, 2008

[vinnomot] Obama regains momentum [latest CBC/NYT poll]

1. ".....Among Democratic primary voters, the Illinois senator now leads opponent Hillary Clinton by 12 points -- 50 percent to 38 percent -- the poll found. Obama led the New York senator by 8 points in a CBS/New York Times poll released just a few days ago...."
 
 
 
2. Obama rips Hilary over Iran remarks
 


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[vinnomot] Perhaps 60% oil price is pure speculation !!!

What about price of all the Metals and Food all over the world?
Is that also Speculative?
Is constant lowering of US Dollar Exchange Rate also Speculative and not because US is importing more and more every year and exporting lesser and lesser?
Is it not because USA owed $ 1 Trillion to Export-oriented countries in 2007 addibg to $ 13 trillion she owed previously?
US Dollar was declared Fiat currency because USA was the biggest Creditor Country of the world but now USA is the biggest Debtor country. Until Market Forces switch to Euro replacing US Dollar, depletion of Exchange Rate USA Dollar would continue. Export-oriented countries do not want to switch to Euro because Dollar's Crash would effect their Economies and USA buys 35% of World's all Exports.
 
Europeans do not want Euro to become Currency of World Trade replacing Dollar because it would reduce their manufacturing and increase imports more. Japanese are the same way. Actually, Japan spends billions every year interfering in Currency Pits to keep Yen's Exchange Rate lower so, she can keep exporting more than she imports.
 
In Bangladesh, its just the opposite. Bangla products are the cheapest in the world market but government keeps devaluing Taka despite, since nobody understands Economis good enough. Nobody in the world can compete with Bangladesh in Ship Breaking Industry. Bangladesh has put Indian and Pak Ship Breaking Industry out of business but has not increased capacity of this industry.
 
Only because of this industry in other countries has not completely died-out. It has not died out because Bangladesh is not buying enough old ships and their prices keep going down because of it. The Industry owners are buying old ships a lot more cheaper but they are pocketing all the profits instead of sharing some with their poor workers. They do not raise wages to attract more workers and this is why this industry is not expanding despite plenty of profit in it.

"T.I.Ruben" <twhdl@yahoo.com> wrote:
http://www.rense.com/general81/pure.htm
 
 
rense.com
Perhaps 60% Of Today's
Oil Price Is Pure Speculation

By F. William Engdahl
5-3-8
 
The price of crude oil today is not made according to any traditional relation of supply to demand. It's controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today's crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. It has to do with control of oil and its price. How?
First, the crucial role of the international oil exchanges in London and New York is crucial to the game. Nymex in New York and the ICE Futures in London today control global benchmark oil prices which in turn set most of the freely traded oil cargo. They do so via oil futures contracts on two grades of crude oil-West Texas Intermediate and North Sea Brent.
A third rather new oil exchange, the Dubai Mercantile Exchange (DME), trading Dubai crude, is more or less a daughter of Nymex, with Nymex President, James Newsome, sitting on the board of DME and most key personnel British or American citizens.
Brent is used in spot and long-term contracts to value as much of crude oil produced in global oil markets each day. The Brent price is published by a private oil industry publication, Platt's. Major oil producers including Russia and Nigeria use Brent as a benchmark for pricing the crude they produce. Brent is a key crude blend for the European market and, to some extent, for Asia.
WTI has historically been more of a US crude oil basket. Not only is it used as the basis for US-traded oil futures, but it's also a key benchmark for US production. 
'The tail that wags the dog'
All this is well and official. But how today's oil prices are really determined is done by a process so opaque only a handful of major oil trading banks such as Goldman Sachs or Morgan Stanley have any idea who is buying and who selling oil futures or derivative contracts that set physical oil prices in this strange new world of "paper oil."
With the development of unregulated international derivatives trading in oil futures over the past decade or more, the way has opened for the present speculative bubble in oil prices.
Since the advent of oil futures trading and the two major London and New York oil futures contracts, control of oil prices has left OPEC and gone to Wall Street. It is a classic case of the "tail that wags the dog."
A June 2006 US Senate Permanent Subcommittee on Investigations report on "The Role of Market Speculation in rising oil and gas prices," noted, "there is substantial evidence supporting the conclusion that the large amount of speculation in the current market has significantly increased prices."
What the Senate committee staff documented in the report was a gaping loophole in US Government regulation of oil derivatives trading so huge a herd of elephants could walk through it. That seems precisely what they have been doing in ramping oil prices through the roof in recent months.
The Senate report was ignored in the media and in the Congress.
The report pointed out that the Commodity Futures Trading Trading Commission, a financial futures regulator, had been mandated by Congress to ensure that prices on the futures market reflect the laws of supply and demand rather than manipulative practices or excessive speculation. The US Commodity Exchange Act (CEA) states, "Excessive speculation in any commodity under contracts of sale of such commodity for future delivery . . . causing sudden or unreasonable fluctuations or unwarranted changes in the price of such commodity, is an undue and unnecessary burden on interstate commerce in such commodity."
Further, the CEA directs the CFTC to establish such trading limits "as the Commission finds are necessary to diminish, eliminate, or prevent such burden." Where is the CFTC now that we need such limits?
They seem to have deliberately walked away from their mandated oversight responsibilities in the world's most important traded commodity, oil.
Enron has the last laugh
As that US Senate report noted:
"Until recently, US energy futures were traded exclusively on regulated exchanges within the United States, like the NYMEX, which are subject to extensive oversight by the CFTC, including ongoing monitoring to detect and prevent price manipulation or fraud. In recent years, however, there has been a tremendous growth in the trading of contracts that look and are structured just like futures contracts, but which are traded on unregulated OTC electronic markets. Because of their similarity to futures contracts they are often called "futures look-alikes."
The only practical difference between futures look-alike contracts and futures contracts is that the look-alikes are traded in unregulated markets whereas futures are traded on regulated exchanges. The trading of energy commodities by large firms on OTC electronic exchanges was exempted from CFTC oversight by a provision inserted at the behest of Enron and other large energy traders into the Commodity Futures Modernization Act of 2000 in the waning hours of the 106th Congress.
The impact on market oversight has been substantial. NYMEX traders, for example, are required to keep records of all trades and report large trades to the CFTC. These Large Trader Reports, together with daily trading data providing price and volume information, are the CFTC's primary tools to gauge the extent of speculation in the markets and to detect, prevent, and prosecute price manipulation. CFTC Chairman Reuben Jeffrey recently stated: "The Commission's Large Trader information system is one of the cornerstones of our surveillance program and enables detection of concentrated and coordinated positions that might be used by one or more traders to attempt manipulation."
In contrast to trades conducted on the NYMEX, traders on unregulated OTC electronic exchanges are not required to keep records or file Large Trader Reports with the CFTC, and these trades are exempt from routine CFTC oversight. In contrast to trades conducted on regulated futures exchanges, there is no limit on the number of contracts a speculator may hold on an unregulated OTC electronic exchange, no monitoring of trading by the exchange itself, and no reporting of the amount of outstanding contracts ("open interest") at the end of each day." 
http://us.f537.mail.yahoo.com/ym/ShowLetter?box=Inbox&MsgId=9644_1
50045629_21436062_2104_73204_0_654756_147099_4029258801&body
Part=2&tnef=&YY=28641&y5beta=yes&y5beta=yes&order=down&sort=date
&pos=0&view=a&head=b&ViewAttach=1&Idx=26#04000001
1
Then, apparently to make sure the way was opened really wide to potential market oil price manipulation, in January 2006, the Bush Administration's CFTC permitted the Intercontinental Exchange (ICE), the leading operator of electronic energy exchanges, to use its trading terminals in the United States for the trading of US crude oil futures on the ICE futures exchange in London ­ called "ICE Futures."
Previously, the ICE Futures exchange in London had traded only in European energy commodities ­ Brent crude oil and United Kingdom natural gas. As a United Kingdom futures market, the ICE Futures exchange is regulated solely by the UK Financial Services Authority. In 1999, the London exchange obtained the CFTC's permission to install computer terminals in the United States to permit traders in New York and other US cities to trade European energy commodities through the ICE exchange.
The CFTC opens the door
Then, in January 2006, ICE Futures in London began trading a futures contract for
West Texas Intermediate (WTI) crude oil, a type of crude oil that is produced and delivered in the United States. ICE Futures also notified the CFTC that it would be permitting traders in the United States to use ICE terminals in the United States to trade its new WTI contract on the ICE Futures London exchange. ICE Futures as well allowed traders in the United States to trade US gasoline and heating oil futures on the ICE Futures exchange in London.
Despite the use by US traders of trading terminals within the United States to trade US oil, gasoline, and heating oil futures contracts, the CFTC has until today refused to assert any jurisdiction over the trading of these contracts. 
Persons within the United States seeking to trade key US energy commodities ­ US crude oil, gasoline, and heating oil futures ­ are able to avoid all US market oversight or reporting requirements by routing their trades through the ICE Futures exchange in London instead of the NYMEX in New York.
Is that not elegant? The US Government energy futures regulator, CFTC opened the way to the present unregulated and highly opaque oil futures speculation. It may just be coincidence that the present CEO of NYMEX, James Newsome, who also sits on the Dubai Exchange, is a former chairman of the US CFTC. In Washington doors revolve quite smoothly between private and public posts.
A glance at the price for Brent and WTI futures prices since January 2006 indicates the remarkable correlation between skyrocketing oil prices and the unregulated trade in ICE oil futures in US markets. Keep in mind that ICE Futures in London is owned and controlled by a USA company based in Atlanta Georgia.
In January 2006 when the CFTC allowed the ICE Futures the gaping exception, oil prices were trading in the range of $59-60 a barrel. Today some two years later we see prices tapping $120 and trend upwards. This is not an OPEC problem, it is a US Government regulatory problem of malign neglect.
By not requiring the ICE to file daily reports of large trades of energy commodities, it is not able to detect and deter price manipulation. As the Senate report noted, "The CFTC's ability to detect and deter energy price manipulation is suffering from critical information gaps, because traders on OTC electronic exchanges and the London ICE Futures are currently exempt from CFTC reporting requirements. Large trader reporting is also essential to analyze the effect of speculation on energy prices."
The report added, "ICE's filings with the Securities and Exchange Commission and other evidence indicate that its over-the-counter electronic exchange performs a price discovery function -- and thereby affects US energy prices -- in the cash market for the energy commodities traded on that exchange."
Hedge Funds and Banks driving oil prices
In the most recent sustained run-up in energy prices, large financial institutions, hedge funds, pension funds, and other investors have been pouring billions of dollars into the energy commodities markets to try to take advantage of price changes or hedge against them. Most of this additional investment has not come from producers or consumers of these commodities, but from speculators seeking to take advantage of these price changes. The CFTC defines a speculator as a person who "does not produce or use the commodity, but risks his or her own capital trading futures in that commodity in hopes of making a profit on price changes."
The large purchases of crude oil futures contracts by speculators have, in effect, created an
additional demand for oil, driving up the price of oil for future delivery in the same manner that additional demand for contracts for the delivery of a physical barrel today drives up the price for oil on the spot market. As far as the market is concerned, the demand for a barrel of oil that results from the purchase of a futures contract by a speculator is just as real as the demand for a barrel that results from the purchase of a futures contract by a refiner or other user of petroleum.
Perhaps 60% of oil prices today pure speculation
Goldman Sachs and Morgan Stanley today are the two leading energy trading firms in the United States. Citigroup and JP Morgan Chase are major players and fund numerous hedge funds as well who speculate.
In June 2006, oil traded in futures markets at some $60 a barrel and the Senate investigation estimated that some $25 of that was due to pure financial speculation. One analyst estimated in August 2005 that US oil inventory levels suggested WTI crude prices should be around $25 a barrel, and not $60.
That would mean today that at least $50 to $60 or more of today's $115 a barrel price is due to pure hedge fund and financial institution speculation. However, given the unchanged equilibrium in global oil supply and demand over recent months amid the explosive rise in oil futures prices traded on Nymex and ICE exchanges in New York and London it is more likely that as much as 60% of the today oil price is pure speculation. No one knows officially except the tiny handful of energy trading banks in New York and London and they certainly aren't talking.
By purchasing large numbers of futures contracts, and thereby pushing up futures
prices to even higher levels than current prices, speculators have provided a financial incentive for oil companies to buy even more oil and place it in storage. A refiner will purchase extra oil today, even if it costs $115 per barrel, if the futures price is even higher.
As a result, over the past two years crude oil inventories have been steadily growing, resulting in US crude oil inventories that are now higher than at any time in the previous eight years. The large influx of speculative investment into oil futures has led to a situation where we have both high supplies of crude oil and high crude oil prices.
Compelling evidence also suggests that the oft-cited geopolitical, economic, and natural factors do not explain the recent rise in energy prices can be seen in the actual data on crude oil supply and demand. Although demand has significantly increased over the past few years, so have supplies.
Over the past couple of years global crude oil production has increased along with the increases in demand; in fact, during this period global supplies have exceeded demand, according to the US Department of Energy. The US Department of Energy's Energy Information Administration (EIA) recently forecast that in the next few years global surplus production capacity will continue to grow to between 3 and 5 million barrels per day by 2010, thereby "substantially thickening the surplus capacity cushion."
Dollar and oil link
A common speculation strategy amid a declining USA economy and a falling US dollar is for speculators and ordinary investment funds desperate for more profitable investments amid the US securitization disaster, to take futures positions selling the dollar "short" and oil "long."
For huge US or EU pension funds or banks desperate to get profits following the collapse in earnings since August 2007 and the US real estate crisis, oil is one of the best ways to get huge speculative gains. The backdrop that supports the current oil price bubble is continued unrest in the Middle East, in Sudan, in Venezuela and Pakistan and firm oil demand in China and most of the world outside the US. Speculators trade on rumor, not fact.
In turn, once major oil companies and refiners in North America and EU countries begin to hoard oil, supplies appear even tighter lending background support to present prices.
Because the over-the-counter (OTC) and London ICE Futures energy markets are unregulated, there are no precise or reliable figures as to the total dollar value of recent spending on investments in energy commodities, but the estimates are consistently in the range of tens of billions of dollars.
The increased speculative interest in commodities is also seen in the increasing popularity of commodity index funds, which are funds whose price is tied to the price of a basket of various commodity futures. Goldman Sachs estimates that pension funds and mutual funds have invested a total of approximately $85 billion in commodity index funds, and that investments in its own index, the Goldman Sachs Commodity Index (GSCI), has tripled over the past few years. Notable is the fact that the US Treasury Secretary, Henry Paulson, is former Chairman of Goldman Sachs.
F. William Engdahl is an Associate of the Centre for Research on Globalization (CRG) and author of A Century of War: Anglo-American Oil Politics and the New World Order. He may be contacted at info@engdahl.oilgeopolitics.net
1 United States Senate Premanent Subcommittee on Investigations, 109th Congress 2nd Session, The Role of Market speculation in Rising Oil and Gas Prices: A Need to Put the Cop Back on the Beat; Staff Report, prepared by the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs, United States Senate, Washington D.C., June 27, 2006. p. 3.
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[vinnomot] 1/11 has helped us to know the opportunists

সাপ ও লাঠি

মাহবুব তালুকদার

চাচা প্রশ্ন করলেন, রাজনীতিতে এই সেনা সমর্থিত সরকারের সবচেয়ে বড় অবদান কি জানো?

সে তো অনেক অবদানই আছে। আপনি কোনটা মিন করছেন? আমি জানতে চাইলাম।

চাচা সহাস্যে বললেন, রাজনীতিতে এরা এমন একটা ঝাঁকানি দিয়েছেন, যাতে ভেতর থেকে রাজনীতির নীতিহীন ব্যক্তিরা ওপরে ভেসে উঠেছে।

এ কি কথা বলছেন আপনি! আমি বিস্ময় প্রকাশ করলাম।

ঠিক বলছি। চাচা চায়ের কাপে চুমুক দিতে দিতে বললেন, শীর্ষ নেতৃত্বের প্রতি অনানুগত্য প্রকারান্তরে বেইমানি করার যে চিত্রটি ওয়ান ইলেভেনের পর প্রকাশ পেয়েছে, তাতে দেশের মানুষ রীতিমত থ' বনে গেছে।

আপনি কাদের কথা বলছেন? আমি ঠিক বুঝতে পারছি না। আমি বললাম।

এতে না বোঝার কিছু নেই। শেখ হাসিনা যাদের 'র‌্যাটস' (আরএটিএস) বলতেন, সেই রাজ্জাক আমু, তোফায়েল ও সুরঞ্জিতের মুখোশহীন চেহারাটা ধরা পড়তো না ওয়ান ইলেভেন না হলে। অন্যদিকে সাইফুর রহমান, মান্নান ভূঁইয়া ও মেজর হাফিজ গংদের খালেদা জিয়ার প্রতি বেইমানির ব্যাপারে কোন রাখঢাক ছিল না। চাচা থামলেন।

চাচার কথা মিথ্যা নয়। দুর্নীতির দায়ে বিএনপি ও আওয়ামী লীগের দুই শীর্ষ নেত্রীকে গ্রেপ্তার করে জেলে নেয়ার পর আওয়ামী লীগ ও বিএনপির ওই প্রবীণ নেতারা যে রকম চেহারা পাল্টে ফেললেন, তা পার্টির সাধারণ কর্মীদের কাছে ছিল অপ্রত্যাশিত ও বেদনাদায়ক। পরিবারতন্ত্রের ধুয়া তুলে বেগম খালেদা জিয়া ও শেখ হাসিনার নেতৃত্বকে প্রশ্নবিদ্ধ করার যে কৌশল তারা অবলম্বন করেছিলেন, তা অবশ্য ধোপে টেকেনি। আওয়ামী লীগের ভারপ্রাপ্ত চেয়ারম্যান হিসেবে জিল্লুর রহমানের নিয়োগে উষ্মা প্রকাশ করে ঐ সময়ে সুরঞ্জিত সেনগুপ্ত বলেছিলেন, কারো সঙ্গে আলাপ না করে হাসিনার এই সিদ্ধান্ত গ্রহণ স্বৈরাচারী মনোভাবের পরিচায়ক। অন্যদিকে খোন্দকার দেলোয়ারকে প্রথম থেকেই মেনে নিতে চাননি বিএনপি'র সংস্কারপন্থিরা। এছাড়া খালেদা জিয়াকে বিদেশে পাঠিয়ে মাইনাস করার ব্যাপারে মান্নান ভূঁইয়ার ষড়যন্ত্রের কথা তৎকালে ব্যারিস্টার মইনুল হোসেন আকারে ইঙ্গিতে বলেই দিয়েছেন। সত্যি বলতে কি, সেই সংকট মুহূর্তে শেখ হাসিনা ও খালেদা জিয়ার রাজনৈতিক দূরদর্শিতা ছিল অসাধারণ। জিল্লুর রহমানের বদলে আমীর হোসেন আমুকে আওয়ামী লীগের ভারপ্রাপ্ত চেয়ারম্যান নিয়োগ করলে কিংবা খোন্দকার দেলোয়ারের বদলে সাইফুর রহমানকে বিএনপির দায়িত্ব দিলে দেশের সবচেয়ে বড় এই দুটি রাজনৈতিক দল এতদিনে সরকার পকেটস্থ করে ফেলতে পারত। তবে ওই পকেটে তৃণমূল নেতা ও কর্মীদের ঢোকানো সম্ভব হতো না।

আমি যখন চুপচাপ বসে এসব কথা ভাবছি, তখন চাচা চায়ের কাপ সরিয়ে রেখে জিজ্ঞাসা করলেন, কি ভাবছো?

রাজনৈতিক নেতাদের কথা ভাবছি।

তাদের আবার কি কথা?

কত দ্রুত এরা চেহারা পাল্টে ফেলতে পারেন। আমি বললাম, আমীর হোসেন আমু পর্যন্ত এখন বলছেন, আগে শেখ হাসিনার মুক্তি, তারপর সংস্কার। আবার অন্যদিকে মেজর হাফিজ বারবার 'খালেদা জিয়া আমাদের নেত্রী' বলতে বলতে মুখ দিয়ে ফেনা তুলে ফেলেছেন। অথচ খালেদা জিয়ার নির্দেশ তিনি মানছেন না। আমি ক্ষুব্ধকণ্ঠে বললাম।

চাচা বললেন, রাজনীতিতে আমরা যা কিছু দেখছি, তার অনেকটাই রয়ে গেছে আমাদের দৃষ্টির অগোচরে। তাই আমরা রাজনীতির হিসাব মেলাতে পারি না। সাইফুর রহমান সেদিন আধখোলা লুঙ্গি পরে চরম অসুস্থ অবস্থায় সংস্কারপন্থিদের শো-ডাউনে কেন গিয়েছিলেন, তা কি আমরা জানি?

কিছুটা জানি। পত্রিকায় সে কথা ছাপা হয়েছে। আজকাল মিডিয়ার কল্যাণে কোন কিছুই আর গোপন রাখা যাচ্ছে না। ষড়যন্ত্রকারীদের সব ষড়যন্ত্রই এক সময়ে ফাঁস হয়ে যাচ্ছে। আমি আরও বললাম, চাচা! এসব কথা থাক। নির্বাচন সম্পর্কে ভবিষ্যদ্বাণী করুন। নির্বাচন হবে কি হবে না?

তোমার প্রশ্নটা অসম্পূর্ণ। তোমার প্রশ্ন করা উচিত ছিল, ২০০৮ সালের মধ্যে নির্বাচন হবে কিনা।

তা ঠিক। আমি এ বিষয়ে দুঃখ প্রকাশ করলাম। বললাম, আসলে জানতে চাই নির্বাচনের ব্যাপারে সরকারের সদিচ্ছা আছে কিনা।

অবশ্যই আছে। চাচা হাসি হাসি মুখ করে বললেন, নির্বাচন করার সদিচ্ছা না থাকলে দেশব্যাপী সৎ ও যোগ্য প্রার্থী খোঁজা হচ্ছে কেন? ইতোমধ্যে ৬০০ প্রার্থীর তালিকা হয়েছে বলে পত্রিকায় খবর ছাপা হয়েছে। তাছাড়া নির্বাচনের ব্যাপারে সরকারের সদিচ্ছা আছে বলেই জরুরি অবস্থার মধ্যেও ফেরদৌস কোরেশীকে দিয়ে কিংস পার্টি তৈরি করা হয়েছে।

কিন্তু এসব কর্মকাণ্ড কি নির্বাচনের প্রস্তুতি?

অবশ্যই। চাচা বললেন, আমি যদ্দুর বুঝি, এ সরকারের একটি নির্বাচনী এজেন্ডা রয়েছে। তা হচ্ছে সৎ ও যোগ্য ব্যক্তিদের জাতীয় সংসদে বসানো।

সেটা কিভাবে সম্ভব? আমি জানতে চাইলাম, দেশের মানুষ সৎ ও যোগ্য প্রার্থীদের চিনবে কি করে?

এটা কোন কঠিন ব্যাপার নয়। চাচা সারামুখে হাসির ঢেউ তুলে বললেন, সরকার এতগুলো কমিশন করছে, দেশের স্বার্থে সৎ ও যোগ্য প্রার্থী বাছাইয়ের জন্য কি একটি জাতীয় কমিশন গঠন করতে পারে না? ওই কমিশনের ছাড়পত্র না পেলে কেউ সংসদ নির্বাচনে দাঁড়াতে পারবে নাÑ প্রেসিডেন্টকে দিয়ে এমন একটা অধ্যাদেশ জারি করালেই তো হয়।

চাচা! এতেও কিন্তু একটা রিস্ক থেকে যায়। ওইসব সৎ ও যোগ্য সংসদ সদস্যরা যদি সরকারের সব কর্মকাণ্ডকে বৈধতা না দেয়?

কি সব অলক্ষুণে কথা বলছো তুমি! চাচার হাসিমুখ কিছুটা মলিন হয়ে গেল। কিছুক্ষণ চুপ থাকার পর সহসা তিনি উজ্জীবিত হয়ে বললেন, এরও উপায় আছে। মূল সংলাপের পূর্বে প্রাক সংলাপের মতো নির্বাচনেরও একটা ড্রেস-রিহার্সেল হতে পারে।

সেটা কি রকম?

ব্যাপারটা একই রকম। চাচা বললেন, মূল নির্বাচনের আগে ২০০৮ সালের মধ্যে একটা প্রাক-নির্বাচন করে নেয়া যেতে পারে। তাতে যারা নির্বাচিত হবেন, তারা সরকারের সব কর্মকাণ্ডকে বৈধতা দিলেই কেবল মূল নির্বাচনের ঘোষণা দেয়া যেতে পারে। এতে সাপও মরলো, লাঠিও ভাঙলো না।

লেখক : কবি ও কথাসাহিত্যিক


তত্ববধায়কদের তাবেদারদের জুতা দিয়ে পিটাও, জেলে যাও, তিনবেলা নিশ্চিন্তে খাও


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[vinnomot] Mohiuddin@ Anwar is suggesting this article from Arab News


Hello,

Please read this important statement from Prince Turki son of King Faisal
Mohiuddin@ Anwar is suggesting the following article from http://www.arabnews.com:

'King Faisal Stood Firm on Oil Embargo'
Badr Alkhorayef

RIYADH, 4 May 2008 - The United States threatened to use force against Saudi Arabia in 1973 after King Faisal, along with other Arab leaders, imposed an oil embargo on countries that supported Israel during the October War, Prince Turki Al-Faisal, former intelligence chief and ambassador to Washington, said in an interview with Asharq Al-Awsat yesterday.

In the interview, that appeared ahead of a scientific seminar on King Faisal to be opened by Riyadh Gov. Prince Salman on Tuesday, Prince Turki shed light on important events that took place during his father's rule.

Prince Turki, who was an adviser at the Royal Court in 1973 when King Faisal took the oil-embargo decision, said the king was not shaken by the US threat and stood firm.

He added that the oil embargo was instrumental in encouraging the US to find a quick and just solution to the Arab-Israeli conflict. "King Faisal and other Arab leaders were forced to take the decision as a result of America's unprecedented support for Israel during the war," the prince said.

He added that American officials talked about the possibility of attacking Saudi oil fields, something that was leaked in US newspapers. Some of these statements came from the then US State Secretary Henry Kissinger.

Prince Turki said King Faisal, who was in Jeddah at the time, received a telegram from Kissinger warning that if the Kingdom did not lift the embargo, the US would take all measures to protect its interests.

"The message was not specific about the measures they were going to take, but it appeared that they would use force. A CIA representative gave me the unsigned message, telling me it was from Kissinger... I went to the king and conveyed its contents. He received the message, read it and said: 'Kheir insha Allah (Good, God willing).'

"It was very clear that it had come from the American government... The king was very relaxed, cheerful, humorous and was in good spirits despite the threat... This reflected his high quality and determination. He was giving the message that the Kingdom would not bow down to a threat, as a result of a decision it had taken with other Arab countries. It was a great reply," said Prince Turki.

Prince Turki said the embargo was announced after the October War (also known as the Ramadan War) when the US public was disgruntled by a lack of gasoline. He added that before announcing the embargo, King Faisal had warned the US against its unqualified support for Israel, and for providing the Jewish country with weapons.

Asked whether he considered the embargo to be right or wrong, Prince Turki said: "I am not the person to comment; the action speaks for itself. There is no doubt that the situation necessitated such a decision, as the US was totally siding with Israel during the Ramadan War by providing the Jewish state with weapons."

He added that King Faisal warned the US before the war and raised the issue of Israel occupying Palestinian land. He also emphasized the need for Israel to withdraw from Arab territories occupied after the 1967 War.

"Before the Ramadan War, King Faisal had created public opinion that the US support for Israel would have negative consequences. The king, along with other Arab leaders, later adopted the decision for an oil boycott. This influenced events as well as US policy toward Arab countries," he said.

"The US tried to resolve the crisis and Kissinger visited the region about 10 times to reach a solution, as the US saw that its interest was in reaching a peaceful settlement. President Nixon then talked about a just solution to the Middle East problem. Later, other American leaders also presented projects and solutions to solve the Arab-Israeli conflict... For me, the embargo was effective in boosting the Middle East peace process and making new proposals to solve the Palestinian issue."

Seminar on King Faisal

Speaking about the seminar on King Faisal, Prince Turki said: "This seminar is significant as it focuses on a person who lived during the Kingdom's unification by King Abdul Aziz... King Faisal also made considerable contributions to the Kingdom's development and in taking the country to a new phase of progress and prosperity."

Prince Turki praised Prince Salman, who is chairman of the King Abdul Aziz Museum (Darat), for attending the seminar, adding that it shows the governor's interest in documenting the Kingdom's history. "I am sure this seminar would shed light on different aspects of King Faisal's life and history. There will be 34 researchers presenting papers at the seminar," the prince said.

The King Faisal Center for Research Islamic Studies (KFCRIS) is also to hold an exhibition on King Faisal titled "Witness Martyr" on the sidelines of the seminar. New information and documents about the king have been collected from several countries, including the US and Britain. On display will be the king's possessions and speeches, and films and pictures about him.

The exhibition will continue at the National Museum of the King Abdul Aziz Historical Center for two months. It will later move to Abha, where the king spent his early days. After 45 days, the exhibition will move to Makkah where it will stay until the Haj season.

"Everybody knows that King Faisal was the deputy of King Abdul Aziz in Hejaz. He had an office and a home in Makkah for several years," Turki said.

The show will then move to the Eastern Province whose development the king contributed to.

He founded the King Fahd University of Petroleum and Minerals and the King Faisal University and launched many other welfare projects in the region.

During his time, Saudi Arabia bought shares of American companies in Aramco. "Purchasing shares of foreign companies working in the oil sector, including Aramco, was the brainchild of King Faisal... he proposed the idea of participation, instead of nationalization. He was against the idea of nationalization, not only considering its economic and scientific aspects but also moral aspects. After his death, the Kingdom purchased all shares of foreign companies in Aramco."

The exhibition will move from the Eastern Province to neighboring Gulf and Arab countries. King Faisal played a significant role in the independence and development of the GCC countries, Turki said. The exhibition will later visit some major Arab, Islamic and international capitals.

Speaking about his close association with King Faisal, Turki said: "I had the honor of working with King Faisal as an adviser at the Royal Court in the last two years of his life in the mid-1970s. Being deputy chief of the office for external communication I used to carry messages from the king to world leaders."

Asked about King Faisal's leadership qualities, Turki said, "King Abdul Aziz had identified such leadership qualities in his son and had vested his full confidence in him." He added that the king found time to spend with his family members in Riyadh and Jeddah. "During our meetings we discussed important current events, politics and cultural matters," he added.

Analysts and historians differ on the most important decisions taken by King Faisal. "I believe that the king's most important achievement was his service to his father during the Kingdom's unification. He was also the king's deputy in the Hejaz for several years. He served his brother King Saud holding different positions such as prime minister, deputy prime minister and foreign minister. He worked for strengthening the unity of the Saudi people. He helped his father when he encountered different challenges during and after the unification. He learned how to face extremism and the influence of communism in the region," he said, adding that King Faisal was successful in steering the country through turbulent events. He was the first Saudi ruler to introduce the five-year development plan in 1970.

Prince Turki said King Faisal had worked for the liberation of Arab and Islamic countries from colonialism. "At the time of Saudi Arabia's foundation in 1932, there were only two independent countries in the Arab world: Saudi Arabia and Yemen. All other Arab countries from the east to the west were colonies of foreign colonialists including France and Britain.

On the directions of King Abdul Aziz, King Faisal worked with his brother King Saud to support liberation movements in Arab and Islamic countries to end colonial rule. He had also made substantial contributions toward setting out policies and principles to promote regional cooperation and establish the Arab League and the United Nations. During his time, the Kingdom also participated in the Non-Aligned Movement."

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