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To: Jim Willie CB who wrote (55128)10/4/2001 7:19:25 PM
From: stockman_scott  Read Replies (1) | Respond to of 57584
 
'Know Thine Enemy'...

Message 16457782

<<They want to make this a war of the West against Muslims>>



To: Jim Willie CB who wrote (55128)10/5/2001 2:51:52 PM
From: stockman_scott  Respond to of 57584
 
A Prince with Divided Loyalties

Friday October 5
BusinessWeek Online
Daily Briefing: NEWS ANALYSIS
By John Rossant in Paris

Saudi Arabia's Prince Alwaleed bin Talal bin Abdulaziz Alsaud reacted to the September 11 terrorist attacks as most sane people did: with shock and outrage. As the horror unfolded on eight television monitors in his office in Riyadh, Alwaleed rushed to reach New York friends and associates, including Citigroup Chairman Sanford Weill.

Days later, after his emotions calmed, Alwaleed began devising an investment strategy for a world that began sliding into recession almost immediately after the attacks. He's seeking buying opportunities. ``I'm not panicking, and I'm not scared,'' says the 43-year-old nephew of the Saudi King. ``I've been through the Gulf War, the Asia crisis, and the Russian crisis.''

But the response to the attacks -- a U.S.-led global war on terrorism, particularly fundamentalist Islamic terrorism -- has far more implications for the Saudi royals than those situations. In many respects, Alwaleed is emblematic of his country's sometimes ambiguous relationship with the West.

CAREFUL DONOR. A world-class financier, he built his fortune by taking stakes in top U.S. companies when they faltered, reaping huge rewards as they recovered. Before the attacks, he valued the portfolio of his company, Kingdom Holding, at $20 billion. As such, his economic interests are tied to the U.S.

He's also a devout Muslim committed to Islamic and Arab causes -- and a generous philanthropist in a region where terrorist groups have tapped a tradition of charitable donations. Alwaleed says he's confident that none of his money ends up in nefarious hands, but he acknowledges that other donors may be less fastidious.

Since September 11, swooning share prices have hit Alwaleed's portfolio hard. Some of his top investments -- Apple (NasdaqNM:AAPL), Compaq (NYSE:CPQ - news), Motorola (NYSE:MOT - news), and Euro Disney -- look pretty frayed. As of Oct. 2, his 3% stake in Citigroup (NYSE:C - news), the fruit of a $590 million investment in its predecessor, Citicorp, in 1992 -- was down just 0.5%. But his holdings are well below last year's highs. Alwaleed estimates his portfolio fell 10% between Sept. 17, when U.S. markets reopened, and Oct. 1.

NOT BLACK-AND-WHITE. Yet paper losses aren't his main concern. ``We're getting hurt, but I'm a long-term investor,'' says Alwaleed. More perturbing, he suggests, is the world view reflected in President George W. Bush's declaration that those ``who aren't with us are against us'' in the fight against terrorism. Nothing in the Middle East -- even for a U.S. ally like Saudi Arabia -- is so black-and-white. ``Yes, the Saudi relationship with the U.S. is very strategic,'' Alwaleed says. ``But this incident will create tensions in the relationship.''

It's hard for Americans to realize how deeply Saudis like Alwaleed feel about Islamic and Arab causes. That means funding projects that boost regional economies. One example: Alwaleed is the main investor in a $100 million Four Seasons hotel in Damascus.

It also means more controversial investments. Like many Saudis, including Osama bin Laden, Alwaleed was attracted by the cause of the mujahideen who fought the Soviets in Afghanistan. Alwaleed became a contributor to the mujahideen in the early 1980's when, he notes, Washington supported them. He even secretly traveled to training camps in Peshawar, Pakistan, in 1981. Alwaleed says that when Afghanistan descended into civil war after Soviet troops retreated in early 1989, he stopped supporting them. He made his last sizable donation to the mujahideen -- $5.4 million -- in April, 1990.

``LOOSE ENDS.'' ``There are entities that are giving money now to the Afghans, but I am not involved,'' he insists. Alwaleed acknowledges that bin Laden's Al Qaeda network and other allied terrorist groups may benefit from the charitable funds collected in the Arab world. ``Clearly, there have been loose ends,'' he says.

One of the five pillars of Islam is zakat -- giving 2.5% of one's savings each year to charity. In Saudi Arabia, where there is no income tax, people give generously. Alwaleed donated $100 million last year. Most went to poor Saudi families. But he also gave $6 million to Palestinians thrown out of work by the intifada, and he helped reconstruct Lebanese power plants destroyed by the Israeli air force.

For all Alwaleed's American style -- his relaxed demeanor, his U.S. business practices, and his American slang -- his loyalties are clear. What does the most pro-American of Saudi princes want to come out of this tragedy? ``America has to understand the roots of resentment in the Arab world and the Muslim world,'' he says. ``And we need to have high-level discussions to focus on this.'' If someone like Alwaleed feels this way, winning Middle East support may be even harder than America realizes.

Go to www.businessweek.com to see all of our latest stories.



To: Jim Willie CB who wrote (55128)10/5/2001 6:10:46 PM
From: stockman_scott  Respond to of 57584
 
FBI, CIA Warn Congress of More Attacks As Blair Details Case Against Bin Laden

Retaliation Feared If U.S. Strikes Afghanistan

By Susan Schmidt and Bob Woodward
Washington Post Staff Writers
Friday, October 5, 2001; Page A01

U.S. intelligence officials have told members of Congress there is a high probability that terrorists associated with Osama bin Laden will try to launch another major attack on American targets here or abroad in the near future.

Based on what officials described as credible new information, the FBI and the CIA have assessed the chances of a second attempt to attack the United States as very high, sources said yesterday.

At a briefing Tuesday, in response to a senator's question about the gravity of the threat, one intelligence official said there is a "100 percent" chance of an attack should the United States strike Afghanistan, according to sources familiar with the briefing.

One senior official said some of the new intelligence is "very real." But the official cautioned that some of it may be braggadocio or even disinformation designed to discourage the United States from retaliating for the Sept. 11 attacks on New York and Washington.

The new information is worrisome enough that officials at the White House, the Justice Department and the State Department have huddled in recent days to figure out the best way to communicate their concern to the public, a source with knowledge of those discussions said.

The concern about another attack is based on intelligence from sources in England, Germany, Afghanistan and Pakistan, according to a source familiar with what congressional intelligence committees have been told. Egyptian, Somali and Pakistani elements of bin Laden's network are thought to be involved.

Members of the intelligence committees declined to comment on the briefings they have received, which are classified. But their public comments, and remarks by Attorney General John D. Ashcroft on Sunday, highlight the danger the country continues to face.

"We have to believe there will be another attempt by a terrorist group to hit us again," Sen. Richard C. Shelby (Ala.), ranking Republican on the Senate intelligence committee, said yesterday. "You can just about bet on it. That's just something you have to believe will happen."

Shelby declined to discuss specific intelligence information on the plans of bin Laden's Al Qaeda terrorist network that were provided in a classified briefing Tuesday by counterterrorism officials from the FBI, CIA and the Defense Intelligence Agency.

Ashcroft warned earlier this week that there is a "likelihood of additional terrorist activity," and that the "risks go up" once the United States responds with military action. "We think that there is a very serious threat of additional problems now," Ashcroft said. "And frankly, as the United States responds, that threat may escalate."

The Justice Department sought to play down that warning slightly Monday, after Ashcroft's words received more media attention than officials had expected.

"Ashcroft's and [Secretary of State Colin L.] Powell's people and the White House are working on how to word their warnings," a source familiar with multiagency discussions said. "The government doesn't want to panic people." But, he added, "The government is definitely preparing for a counterstrike by bin Laden."

Officials at the White House declined to comment yesterday.

Government officials are fearful of attacks at any of hundreds or thousands of locations, including symbols of American power and culture, such as government buildings in Washington and centers of entertainment. They are concerned about truck bomb and car bomb explosions that could be detonated near natural gas lines, power plants and other sites that one source decribed as "exposed infrastructure."

The FBI has taken a particular interest in crop-dusting airplanes for fear they could be used in a chemical or biological weapons attack. Mohamed Atta, one of the suspected leaders of the Sept. 11 attack, expressed a keen interest in the planes. Zacarias Moussaoui, a French-Moroccan man in custody as a material witness, reportedly had materials about crop dusting in his possession when he was detained in August.

The overriding goal, a senior official said, is to make the United States a "hard target" for terrorists.

But U.S. intelligence and law enforcement agencies do not have specific information on the nature of future attacks. The Coast Guard is boarding and searching ships in New York, Boston and other harbors, and security has been stepped up around nuclear power plants, oil pipelines, refineries and other potential targets.

The FBI has found no links between any of the 19 alleged hijackers or their possible accomplices and any of the 1,000 to 2,000 suspected terrorist sympathizers in this country, including known Al Qaeda supporters, lawmakers were told. The group that conducted the Sept. 11 attacks and anyone who might have helped it operated as a closed unit and there may be other such cells as yet undetected by law enforcement, some members of Congress were told.

"The investigative case has to take a back seat to preventing the next terrorist act," a senior law enforcement official said. "That comes right from the top, from the president of the United States on down."

In preparation, the FBI has a plan in place to go "full tilt" for 72 hours whenever the president decides to make a move against bin Laden, al Qaeda or Afghanistan's ruling Taliban government, the official said. At the investigation's command center in FBI headquarters, a team of analysts and agents has been working around the clock sifting through reports of potential threats since Sept. 11.

U.S. officials acknowledge it is difficult to understand the motivation behind some of the threats they have learned about.

In response to threats from bin Laden's network that were detected in June and July, for example, officials made decisions to abandon some U.S. embassies and to move Navy ships in foreign ports out to sea. Now, officials have concluded, the threats may have been disinformation designed to occupy officials' attention, or to allow bin Laden operatives to observe American counterterror lockdown methods, a knowledgeable source said.

Shelby said law enforcement agencies believe terrorists will do something unexpected, and thus the agencies are trying to think "out of the box" in anticipating what might be ahead. However, he noted, bin Laden has been known to return to the same targets repeatedly, such as the World Trade Center, which terrorists with possible ties to bin Laden's group bombed in 1993.

In 1999, a terrorist cell linked to bin Laden was thwarted in what one participant later testified was a plot to bomb Los Angeles International Airport.

A senior government official said yesterday that if al Qaeda follows its normal pattern, "other attacks are in various stages of planning." The U.S. embassies in Kenya and Tanzania, which were bombed in 1998, were first surveilled as targets in 1994, according to court testimony earlier this year.

The government official, who spoke on the condition of anonymity, said bin Laden's terrorist organization "likes to mix tactics and targets." Under that theory, more airplane hijackings seem less likely, because security has been increased. Ground-based operations, he said, seem more probable.

Staff writers Dan Balz, Dan Eggen, Vernon Loeb, John Mintz and Walter Pincus contributed to this report.

washingtonpost.com