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To: Victor Lazlo who wrote (159996)	2/23/2004 6:28:09 PM
From: Cyprian	Read Replies (1) \| Respond to of 164684

vic, these so-called 'jews' already cleaned your wallet out long ago. how do you think a jewish family-controlled firm like comcast can afford to make a $54 billion bid for another jewish-run firm disney, potentially being the largest media conglomerate in the world. by picking your pocket every month raising your cable rates! yeah sure, the 'jews' don't have a stranglehold on the media. uh, huh. i must be just imagining things. In the cable world, based in Philadelphia, the Comcast Corporation is America's third largest cable company (only behind Time-Warner and TCI). Comcast was founded by three Jewish entrepreneurs in the 1960s -- Ralph Roberts, Daniel Aaron, and Julian Brodsky. By the 1990s the company's chairman, Roberts, was worth $400 million and owned 78% of the company's voting stock. In 1997 he ceded voting control to his son, Brian, who had been earlier named, at age 30, as the Comcast president. By 1996, Brian was also Chairman of the National Cable Television Association and on the Boards of Turner Broadasting System, QVC, Inc., and Viewer's Choice. [ALMANAC, 4-23-96] In 1991, another Jewish executive, Ann Wexler, was named as Director of the Comcast company (she had once served as a public liaison assistant to President Jimmy Carter. Wexler's husband is the president of American University in Washington DC). In 1998 Howard Fischer & Associates took credit for bringing Steve Burke (formerly president of Disney's ABC Broadcasting) to the presidency of Comcast as Brian Roberts moved upwards. Comcast has been active in Jewish and Israeli causes, including a film about the Holocaust that was introduced to local school systems. In 1993 the company even defrayed expenses for a Jewish National Fund "gala" featuring the Chairman of the Joint Chiefs of Staff, General Colin Powell. "Having someone of Colin Powell's stature gives us the edge," said JNF president David Neving, "and means we'll sell more tickets to raise money for Israel." [FEILER, p. 17] (Brian Roberts won silver medals in squash in 1981, 1985, and 1997 at Israel's Maccabiah Games. "The Maccabi," once noted Israeli prime minister David Ben-Gurion about the Games, "is withouou a doubt one of the most important offshoots of the Zionist movement." [http://www.maccabicanada.com/about/history/history.html] According to the organization's web site, the Maccabiah Games' "Goals and Objectives" are "1. To re-inforce Jewish Zionist Education, both for the youth and adults to enable the Jews to receive and explore their roots. 2. To fight Assimilation 3. To get the Jewish youth of the Diaspora more acquainted with the Jewish heritage and tradition. 4.To foster the relationship between the Jewish communities inter-globally and with Israel.") [http://www.maccabiworld.org/aboutus.html] In 2001, Comcast took over AT&T's cable busines to become the "giant of the industry ... with 22.3 million cable subscribers in 41 states. The company will have more than 30 percent of the cable market ... The Roberts [family] will have only a l percent equity stake in the combined company. But they will control one-third of the voting stock, far more than any other single block of voting shareholders." [DABNEY, M., 12-20-01]

To: Victor Lazlo who wrote (159996)	5/1/2004 8:53:43 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

this is exactly what you have been saying for awhile about the chinese banking system. Euphoria, Meltdown and China's Economy Apr 30, 2004 Summary New lending policies in China are triggering a fundamental rethinking of the stability of the Chinese economy. This time no amount of damage control can hide the fact that the myth of the Chinese economic miracle is finally -- and perhaps fatally -- breaking apart ... To understand China's problems, it is necessary to look at the structure -- and failures -- of other Asian economies. We have already seen two major systemic crackups in Asia during this generation. Japan went from being an economic superpower that was predicted to dominate the global economy in the 21st century to an economic cripple during the early 1990s. East and Southeast Asia, excluding China, similarly passed from economic miracles to economic catastrophes in 1997. In both cases, the striking characteristic was the speed at which overblown Western expectations turned into disappointment. It is our view that China, which got started later than other Asian economies, is on course to be the third Asian meltdown in this generation. The euphoria about China until very recently -- and China's assiduous attempts to stoke expectations -- tracks with what happened in the rest of Asia. The core problem in Asia -- a problem that the Chinese government is trying to address belatedly -- is that its banking systems do not allocate capital based on market forces. Loan decisions are made out of political and social considerations, and real interest rates vary depending on these relationships. Long-term business relationships in Asia receive favorable treatment from banks regardless of the actual business case to be made for a loan. Of equal importance, these are debt rather than equity driven economies. The major source of financing does not come from sale of shares in businesses, but from direct loans. There are two reasons for this. The legal structure of Asian corporations gives limited rights and protections to shareholders, who do not collectively control corporate boards. Therefore, maximizing shareholder value is not a driving consideration. It also means that a core measure of economic performance -- the rate of return on capital -- is not a critical variable. stratfor.com