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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (111939)	8/19/2003 6:10:37 AM
From: GST	Read Replies (1) \| Respond to of 281500

The UN recognizes the US as an occupying power -- not as a liberating power. The US has seized control of Iraqi oil -- 1492 spells out the UN's acknowledgement that the conditions under which the UN administered the oil for food program no longer exist -- and there is no government in Iraq, only an army of occupation. Resolution 1492 terminates UN control and recognizes that Iraq has been invaded and is under the control of the invaders -- the US. Since Iraq has no government, Iraq has no control over its oil. The US controls Iraqi oil. Countries like Poland -- who are being paid by the US -- offer troops and a thin veneer of respectability and hope they will be treated with favor when the US makes decisions about Iraqi oil.

To: Brumar89 who wrote (111939)	8/19/2003 6:26:31 AM
From: GST	Respond to of 281500

Finalists Selected to Manage Iraq's New Trade Bank Tue Aug 19, 1:35 AM ET WASHINGTON -- Five consortia led by U.S. banks and one British bank are the finalists to manage the new Trade Bank of Iraq (news - web sites), a lucrative job helping to rebuild Iraq's financial system. U.S. officials expect to make a decision within days, Tuesday's Wall Street Journal reported. Peter McPherson, the top U.S. Treasury Department (news - web sites) adviser in Baghdad, said a selection panel will hear presentations from representatives from the six bank applicants today and tomorrow in Bahrain. Three other bank groups already have been rejected, based on expertise and pricing of services, he said. The remaining consortia are led by Bank of America Corp. , Bank One Corp. (NYSE:ONE - News; ONE), Citigroup Inc. (NYSE:C - News) , J.P. Morgan Chase & Co. , and Wachovia Corp. (NYSE:WB - News) , Mr. McPherson said. Britain's HSBC is the lone single bank being considered. U.S. officials have said they are looking for a broad international consortium that includes a Mideast bank. The U.S.-led coalition authority in Baghdad created the Trade Bank to allow Iraqi ministries and oil concerns to begin making big-ticket purchases abroad. The purchases likely would average about $100 million a month to start. But the bank's overall business could balloon to $500 million a month as Iraq's oil industry gets back on its feet, according to U.S. estimates. Wall Street Journal Staff Reporter Michael Schroeder contributed to this report. story.news.yahoo.com

To: Brumar89 who wrote (111939)	8/19/2003 6:28:32 AM
From: GST	Respond to of 281500

Iraq Interim Authority Delegation in Oman Mon Aug 18,10:34 PM ET MUSCAT, Oman - A delegation of the Iraqi interim authority arrived here Monday on the second leg of a regional tour aimed at drumming up political cooperation and possible economic aid from fellow Arab countries. The delegation was received by Muscat Governor Sayyed bin Humood al-Busaidi and other high-ranking Omani officials, the official Oman News Agency said. "Most of the Arab countries have a positive position toward us," Ibrahim al-Jaffari, who currently holds the rotating presidency of the Governing Council, said Sunday after delegation meetings in the United Arab Emirates. "We think the countries of the world in general, and Arab countries in particular, will eventually recognize us," he said. The six-member delegation is also scheduled to visit Bahrain and Kuwait, both close allies of the United States. Arab states were deeply divided by the U.S.-British invasion of Iraq (news - web sites), which toppled dictator Saddam Hussein (news - web sites) in April and led to the creation of the 25-member Iraqi Governing Council in July. While most governments opposed the war, as did their populations, a few gave low-key support to the coalition forces. Oman's State Council, appointed by ruler Sultan Qaboos, had called for an immediate end to the war, saying it was unjustified and lacked international legitimacy. story.news.yahoo.com