The Big Bain Backfire

May 22nd, 2012

Transcript here.

From the Romney campaign,

President Obama’s attacks on free enterprise have triggered a backlash among many—even among those in his own party. In just the past few days, everyone from former advisors to his own surrogates have criticized the Obama campaign’s attack on free enterprise. With no record to run on, it is no surprise that the Obama campaign has resorted to misleading attacks that have been disavowed by its own supporters.

For good reason: As Ed Morrisseypoints out,

The first Bain attack ad talked about something that took place two years after Romney had already left, but during the tenure of a current Obama bundler who worked at Bain later.  The same day that Team Obama launched the Bain attack, Obama held a fundraiser hosted by Tony James of Blackstone, another private-equity firm that occasionally partnered with Bain on projects.

The problem with these attacks is both accuracy and hypocrisy.  Obama has no trouble raising money from private-equity firms (or perhaps he does have trouble doing so), but then demonizes and demagogues the private-equity industry.  That’s what Booker found “nauseating” during his brief moment of candor, and what bothers Ford and everyone else.

Check out Sister Toldjah’s roundup for all the details.

#MadMen: The Jaguar XKE

May 21st, 2012

Mad Men was on last night, and it was good (particularly the Joan/Don scenes – where Don dons a fedora), but the best thing was the Jags.

Last night featured a 1966 red-hot Jaguar XKE, the stuff 1960s dreams were made of,

(the frumpy car in the back looks like what I drive)

Here’s a black one in action,

Mmmm, babeee!

And yes, like many an irony-rich good liberal, Megan’s living off the fruits of advertising while deploring its consumerism…and eating off Dansk plates.

I wonder what Suzette will say about that. Betty Draper: Vera, Megan Draper: Dansk?

The Carnival of Latin America and the Caribbean

May 21st, 2012

LatinAmerARGENTINA
Argentina ex-human rights official charged with embezzlement
A former top official with one of Argentina’s leading human rights movements has been charged with embezzlement.

UNC professor, jailed in Argentina, has his defenders

BRAZIL
Brazil’s economy
A bull diminished
The economy has slowed, but there are still opportunities around

COLOMBIA
Colombia’s Ecopetrol Tops Petrobras As Biggest Latin Company -Study

Colombia to send 50 percent more natural gas this year to Venezuela

Political violence in Colombia
A blast from the political past

Twitter wars: Uribe vs Santos, in Spanish,

CUBA
Cuba after Hugo Chávez

Foreign investment in Cuba
Come and see my villa
The regime has taken to locking up businessmen

Repression, beatings, arrests, and imprisonment of opposition continue

Cuban independent journalist awaits deportation back to his hometown

DOMINICAN REPUBLIC
Dominican Republic Holds Presidential Election

HAITI
Never the gentleman, ‘Pay the f*** up!’ Sean Penn turns the air blue in Cannes with expletive-ridden plea at Haiti Relief benefit

HONDURAS
Probe underway in remote area of Honduras after gunfight involving U.S. drug agents

Honduras prisoners riot at jail in San Pedro Sula
Officials in Honduras say inmates have taken control of a prison in the city of San Pedro Sula

MEXICO
Van Jones rips Holder over Operation Fast and Furious: ‘We just don’t value all life the same’

Mexico’s Drug War: 50,000 Dead in 6 Years

Mexico’s drug war
Storm clouds with silver linings
A series of choreographed horrors belies an overall drop in killings

Obituary:
Carlos Fuentes, man of letters, died on May 15th, aged 83

PUERTO RICO
Supreme Court turns away suit seeking Puerto Rico congressional vote

TRINIDAD
Jihad in Trinidad

VENEZUELA
Chávez: Radicalizando la Revolución

The Little Known Story Of How ExxonMobil Seized $300 Million From Hugo Chavez

VIRGIN ISLANDS
Alleged blood diamond financiers tied to Obama Virgin Islands bundler

The week’s posts:
The College for Defense of the Bolivarian Alternative of the America: Latin America’s school for dictators

Venezuela: Debt Falls as Chávez Fails to Back Down

Border security is national security


#LockerbieBomber finally bought the farm,

May 20th, 2012

maybe, Son says Libyan who was convicted in 1988 Lockerbie bombing but later released has died

Abdel Baset al-Megrahi, a Libyan intelligence officer who was the only person ever convicted in the 1988 Lockerbie bombing, died Sunday nearly three years after he was released from a Scottish prison to the outrage of the relatives of the attack’s 270 victims. He was 60.

Scotland released al-Megrahi on Aug. 20, 2009, on compassionate grounds to let him return home to die after he was diagnosed with terminal cancer. At the time, doctors predicted he had only three months to live.

I’m not the only one sounding skeptical; the WSJ news alert email read, WSJ NEWS ALERT: Lockerbie Bomber Megrahi Dies, According to Associated Press

Cuba’s offshore drilling? Not so fast!

May 19th, 2012

Spanish company Repsol (yes, the same one whose subsidiary got ripped off by Argentina’s Cristina Fernández) went digging for offshore oil off Cuba and came up … empty:
Oil well in Cuba comes up dry, raises questions about future exploration
After reporting that it found no oil in its well in Cuba, Repsol will likely now consider leaving the country.

Cuba’s dreams of an oil bonanza suffered a tough but possibly temporary setback Friday when the Spanish Repsol company confirmed it hit a dry hole when it drilled a well off the island’s northwest coast.

The dry well will put more pressure on Cuba’s dependence on Venezuelan oil and means the government of Raúl Castro needs to continue nurturing its tight relations with the ailing president of Venezuela, Hugo Chávez, one analyst said.

The development also may temporarily allay fears of an oil spill in Cuban waters that could foul the Florida Keys and the U.S. eastern seaboard, although several other foreign oil companies have options to explore in Cuban waters and Repsol had contracted to drill a second exploratory well.

Repsol spokesman in Kristian Rix confirmed to journalists in Havana Friday that the Scarabeo-9 floating drill platform found nothing in a well in more than 6,000 feet of water about 20 miles northwest of Havana. The well will be capped, he added.

The announcement was a tough blow to Cuba’s hopes for finding crude that could fuel its anemic economy.

Jorge Piñon, a University of Texas oil expert who keeps an eye on Cuba, said the dry hole was not surprising because such things can happen, yet surprising because modern technology has significantly increased the chances of hitting oil.

A key question now, Piñon added, is whether Repsol, already battered by the Argentine government’s nationalization of its YPF branch earlier this month, will decide to cut its risks and leave Cuba for more productive areas.

Leave for more productive areas that respect the rule of law and property rights, guys.

#Chen Guangchen heading to NJ right now UPDATE

May 19th, 2012

Chen Guangchen and his family are on their way here,

BEIJING — Blind legal activist Chen Guangcheng, who emerged at the center of a diplomatic row between the U.S. and China, left Beijing on a United Airlines flight bound for Newark, N.J., Saturday afternoon after Chinese officials and American diplomats swiftly arranged his travel out of the country for an uncertain new life in the United States.

Chen, in a brief telephone interview with The Washington Post, said he still did not have a valid passport in hand when he received a call Saturday from Chinese officials telling him to pack his belongings.

“They came to my ward suddenly at around 11 o’clock this morning,” Chen told the Post. “It’s a surprise.”

Chen said U.S. diplomats arrived at the airport around 2 p.m. Chen’s wife, Yuan Weijing, reached by telephone while waiting for the flight, said Chinese officals gave the family their passports after they arrived at the airport. U.S. diplomats readied the visa papers.

United Airlines Flight 88 to Newark took off several hours behind schedule. The delay was likely caused, among other things, by a thunderstorm.

His flight is scheduled to arrive in Newark at 6:05PM.

The Wall Street Journal reports that Chen will most likely study at NYU rather than seek political asylum.

UPDATE:
Chen’s Freedom Celebrated by Ros-Lehtinen, Says Must Remain Vigilant Against Human Rights Abuse by Beijing

U.S. Rep. Ileana Ros-Lehtinen (R-FL), Chairman of the House Foreign Affairs Committee, released the following statement today regarding the announcement that Chinese lawyer and human rights advocate, Chen Guangcheng, has left China for the United States. Statement by Ros-Lehtinen:

“I am pleased and relieved by the announcement that blind Chinese lawyer and human rights advocate, Chen Guangcheng, his wife, and their two children have left China for freedom in the United States.

“Mr. Chen’s journey to the U.S. marks the end of a seven-year ordeal of harassment, imprisonment, and beatings by the Chinese regime. He dared to publicly speak the truth about the abuse and violence that Chinese officials inflict on the women and families of his home province and, for that, he suffered greatly.

“I remain gravely concerned about Chen’s relatives and fellow human rights advocates who remain in China and face retribution by a Beijing regime that denies the most fundamental freedoms to the Chinese people.

“Congress will remain vigilant on behalf of Mr. Chen’s relatives and fellow activists. Their well-being must remain a priority for the United States. Responsible nations must not lose sight of our moral responsibility to support those who suffer under the chokehold of repressive rulers.”

UPDATE 2:
CHEN ARRIVES!

Linked by Instapundit. Thank you!


The College for Defense of the Bolivarian Alternative of the America: Latin America’s school for dictators

May 18th, 2012

Martin Arostegui, reporting for the Miami Herald, writes on Latin America’s school for dictators in Bolivia where the Iranians, Cuban, Russians, and Hezbollah meet the leftist governments of Venezuela, Bolivia, Ecuador, Nicaragua and now, possibly, Argentina (emphasis added)

A year ago this month, Bolivian President Evo Morales inaugurated the College for Defense of the Bolivarian Alternative of the Americas (ALBA) with a speech in which he called for the expulsion of U.S. intelligence agencies, a new military doctrine based on “asymmetrical war” against “imperialism” and the “abolition” of the U.N. Security Council. He also attacked the press, calling CNN a “tool of capitalism”,
Morales spoke in the presence of Iran’s defense minister, Gen Ahmed Vahidi, who had to be rushed from the ceremony when it was learned that Argentine prosecutors were issuing an international arrest warrant over his alleged role in the 1994 Hezbollah bombing of a Jewish community center in Buenos Aires that killed 85 people.

ALBA is a Venezuelan-led association of anti-U.S. governments which also includes Cuba, Ecuador, Nicaragua and some Caribbean island states dependent on Venezuelan oil subsidies. The fledgling alliance has been given little importance by U.S. intelligence analysts, who tend to dismiss it as a purely ideological entity.

Its 5,000-square-meter military facility outside the city of Santa Cruz, built at the cost of $2 million, remains empty, according to Bolivian defense spokesmen who say that they are awaiting “input” from other member states. One Bolivian army officer ventures to say that it is on “standby,” pending the elections in Venezuela.

Despite ALBA’s vacant real estate, it is becoming increasingly clear that member governments are in the process of forming a military and intelligence network aided and influenced by Iran that could leverage events in the hemisphere, in the absence of effective U.S. leadership.

Thousands of Cuban security advisors have played a critical role in consolidating the regime of Hugo Chávez in Venezuela and have similarly assisted leftist governments in Bolivia, Ecuador, Nicaragua and now, possibly, Argentina.

A Pentagon report released in 2010 also warned about the growing presence of Iranian elite Revolutionary Guard Al Qods officers in Latin America. Small Iranian advisory teams are operating with the security services of Venezuela and other ALBA nations, according to U.S. State Department officials speaking off the record.

Bolivia’s ex-defense minister, Maria Chacón, has said that the ALBA school seeks to form leadership cadres for civilian militias. The strategy of “people in arms” has long been promoted by Fidel Castro and Chávez for the ostensible purpose of resisting a U.S. invasion.

But a more immediate role for politically directed paramilitary organizations like Venezuela’s growing Bolivarian Militia may be keeping hard-line factions in power should internal struggles result from an opposition election victory or Chávez’s much anticipated death from cancer.

A Venezuelan official blacklisted by the U.S. government as a member of Hezbollah, Ghazi Nasr Al Din, directed Circulos Bolivarianos teams that disrupted opposition rallies, in many cases shooting government opponents, prior to assuming diplomatic postings in Lebanon and Syria.

The interface between ALBA and its Middle Eastern allies is such that Cuba has used its Russian-built electronic listening station to jam satellite broadcasts by U.S.-based Iranian opposition radio stations.

Go read the whole thing.

ALBA: it’s not just for petty tyrants anymore.

UPDATE:
Hezbollah terror threat on U.S.-Mexico border is real, via American Digest.


France: Prime Minister Penis

May 17th, 2012

Lost in translation: Newsreaders in Arab nations have begun mispronouncing Jean-Marc Ayrault's name to avoid embarrassment

Starting the noveau regime off the wrong foot,
France’s new prime minister Jean-Marc Ayrault leaves Middle East red-faced… as his name sounds like the Arabic for penis

France’s new prime minister Jean-Marc Ayrault has triggered confusion and embarrassment in Arabic-speaking countries – because his surname sounds like their word for ‘penis’.
Newsreaders in Arab nations have swiftly come up with a host of strategies to avoid pronouncing his name correctly.
In French, the name is correctly pronounced ‘Eye-ro’.

Now you know the word in Arabic.

Meanwhile, in France,

The French themselves changed the spelling of Russian president Vladimir Putin’s name to ‘Putine’, because it sounded like ‘putain’ – the French word for prostitute

The Spanish, well-deserving their potty-mouths reputations, didn’t bother change Putin, and pronounce it poo-TEEN, thereby calling him “little male whore.”

Which, of course makes me proud of my Iberian ancestors.


Bipartisan!

May 17th, 2012

Obama budget defeated 99-0 in Senate

President Obama’s budget suffered a second embarrassing defeat Wednesday, when senators voted 99-0 to reject it.

Coupled with the House’s rejection in March, 414-0, that means Mr. Obama’s budget has failed to win a single vote in support this year.

Not one Democrat vote for it.

The Democrats have not passed a budget in 3 years.

But Jay Carney calls it “a Republican gimmick”,

Unanimous rejection, Jay. No gimmick.

Venezuela: Debt Falls as Chávez Fails to Back Down

May 17th, 2012

Foreign investors are not buying Venezuelan government and PDVSA bonds. Surprise, surprise:

Debt Falls as Chávez Fails to Back Down

Signs that President Hugo Chávez has no intentions of backing down from Venezuela’s upcoming presidential elections, despite his battle with cancer, are putting a damper on the country’s red-hot sovereign debt.

It puts a damper for speculators-on-a-death watch

Investors and analysts have turned bearish on bonds issued by the Venezuelan government and Petroleos de Venezuela, the state oil company, in recent days, suggesting the market may have overestimated the chances of Mr. Chávez’s leftist regime being ousted in the October vote.

After a stellar run over the last several months, many Venezuelan bonds have cratered from highs hit at the beginning of May, as hopes wane for Mr. Chávez, 57, exiting the stage and opening a path for more conventional economic policies.

That ain’t gonna happen for a while. Meanwhile, New Pdvsa Bond Sold Directly To State Banks

The bond will not be sold to individuals or companies, it will all be sold to State banks, largely to the Central Bank in order to supply the bank’s foreign exchange system SITME. While many people are dissapointed that they will not be included, it makes sense, the operational hassle of thousands of people applying to get only $1,000 at the preferential rate of Bs. 4.3 per dollars simply does not make sense.

Neither does the Bolivarian revolution.