Archive for March 19th, 2008

U.S. Treasury Fears Islamic Strings on Investments

Wednesday, March 19th, 2008

Islam will use any method necessary to force itself on the world.

The U.S. Treasury is struggling with how to handle any political or Islamic ramifications as Persian Gulf sovereign wealth funds look to make substantial investments in capital-poor American banks and securities firms.

The crisis in mortgage-backed securities has created a need for new capital to enter financial markets after major financial institutions such as Bear Stearns and Carlyle Capital Corp. failed over the weekend.

The crisis is an opportunity for sovereign wealth funds that have prospered as the price of oil has soared over $110 a barrel.

WND previously reported sovereign wealth funds in six Persian Gulf countries, including Kuwait, the United Arab Emirates and Qatar, have now amassed $1.7 trillion, positioning them for attempts to control major banks and securities firms in the U.S.

The question is whether political strings will come with the investment from the Islamic oil-rich states.

Since the beginning of the year, Dubai and Abu Dhabi, two of the largest United Arab Emirate states, have been in discussions with the U.S. Treasury, offering reassurances that their investments in U.S. banks and security firms would not impose restrictions usually dictated by Islamic law, commonly know as sharia.

The Wall Street Journal reported today that Abu Dhabi sent last week a three-page letter to U.S. Treasury Secretary Henry Paulson and other Western finance officials spelling out a set of principles that will guide Abu Dhabi’s investing philosophy.

The letter marks the first time Abu Dhabi has responded to Treasury requests for reassurance the Islamic states will not use investments in U.S. financial firms to seek political advantage.

Original Link.

Success of PG Movies Falling on Deaf Ears in Hollywood

Wednesday, March 19th, 2008

Hollywood is so out of touch with mainstream America.

A new study by The Nielsen Company shows that PG-rated movies with less profanity made more money at box offices across the United States. The study cross-referenced box office figures for 400 films in wide release from the fall of 2005 to the fall of last year.

According to the Motion Picture Association of America, a PG rating indicates potential uses of profanity and/or possible depictions of violence or brief nudity. However, there is no drug use content in a PG-rated motion picture.

Melissa Henson, an official with the Parents Television Council, is hopeful the new study will get the attention of Hollywood executives. She notes that film critics and Hollywood are giving the most attention to movies that are “edgy” and “envelope pushers.” However, family-friendly movies have “the broadest audience appeal [and are] the ones that audiences are really flocking to.”

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Poll Shows Most Palestinians Favor Violence Over Talks

Wednesday, March 19th, 2008

When a society preaches hate and death to it’s people from the cradle to the grave, what other result does the world expect to see?

RAMALLAH, West Bank — A new poll shows that an overwhelming majority of Palestinians support the attack this month on a Jewish seminary in Jerusalem that killed eight young men, most of them teenagers, an indication of the alarming level of Israeli-Palestinian tension in recent weeks.

The survey also shows unprecedented support for the shooting of rockets on Israeli towns from the Gaza Strip and for the end of the peace negotiations between Palestinian and Israeli leaders.

The pollster, Khalil Shikaki, said he was shocked because the survey, taken last week, showed greater support for violence than any other he had conducted over the past 15 years in the Palestinian areas. Never before, he said, had a majority favored an end to negotiations or the shooting of rockets at Israel.

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