February 9, 2006
HarryTho 2/9 Natalee Holloway CommentaryTopics: Natalee Holloway
The Center for American Progress (a left-wing think tank of Democrats John Podesta, Wesley Clark, and Joseph Wilson) has Murdoch categorized as a media manipulator, far-right partisan, apologists for repressive regimes and a shady wheeler-dealer. Curiously, all these labels seem to fit (not much of a surprise - given the source). The article is a good read and recommended for those desiring a grasp of Murdoch's activities.
The key to Murdoch's success has not been the characteristics most reported by his opponents and admirers. His key to the financial industry has been his ability to dodge tax liability.
This evening, I will probe a little further into Rupert Murdoch's empire. Am article from the Center for American Progress provides a wide screen kaleidoscope of the man, Rupert Murdoch, and his many endeavors.
Who is Rupert Murdoch? - Center for American Progress (see above disclaimer).
In prior editorials, we highlighted that News Corp. has been paying less than 6% in US taxes; whereas, the closest competitors pay closer to 30%. In simply math, the genius here is that for every US $100 million profit, News Corp. pays US $6 million in taxes; whereas its competitors pay some US $30 million. News Corp. maintains a US $24 million advantage in buying power over its competitors, each and every single year. After some 15 years, without accumulation, some US $360 million would have accrued. If we employ some simple accumulation from interest, News Corp. could have easily amassed over US $500 million in 15 years.
In comparison, Hushang Ansary's Parman Capital Corp. bought controlling interest in Banco de Carib (Banco di Caribe) for just such a sum. By simply employing slight-of-hand accounting techniques, mixed with some razzle dazzle acquisition and mergers, News Corp. could have purchased Banco de Carib with money that he hid from United States Treasury Department. In a sense, News Corp. could have acquired Banco de Carib for free.
Banco de Carib employs over 250 people on Aruba, Bonaire and Curacao. Besides its bank offices and outlets, it consolidates: Banco de Carib, N. V., NV Trust Maatshappij, Progresso Real Estate, N. V., Bancarib Real Estate Insurance Aruba N. V., and Bancarib Real Estate Curacao N.V. To boot, Banco de Carib facilitates off-shore banking.
From the foregoing assessment of Banco de Carib, it is not difficult to envision how News Corp. amassed so many legitimate subsidiaries. Hide your profits from the tax authorities and re-invest these proceeds into acquisitions.
Interestingly, the investors within the Parman Capital Group of Houston, TX never identified themselves, other than some connection to Hushang Ansary, a staunch Republican supported of George W. Bush and the Texas Republican Party. Could it be that the Parman Capital Group is semi-financed by an off-shore subsidiary of News Corp? If this be the case, then we have News Corp., via the Fox News subsidiary, devaluing Aruba and the Dutch Government while Hushang Ansary performs missionary work (for News Corp.) in order to purchase the Banco de Carib and position his investors (News Corp.) for oil exploration and future refining capabilities. Reads like a sweet deal to me.
From the above article from the Center for American Progress we have:
Guardian Unlimited | Special reports | Their master's voice
MURDOCH THE OIL IMPERIALIST (As in the case with CAP, the source here is The Guardian in the UK, one of the most anti-American media outlets in Europe): Murdoch has acknowledged his major rationale for supporting the Iraq invasion: oil. While both American and British politicians strenuously deny the significance of oil in the war, the Guardian of London notes, "Murdoch wasn't so reticent. He believes that deposing the Iraqi leader would lead to cheaper oil." Murdoch said before the war, "The greatest thing to come out of this for the world economy...would be $20 a barrel for oil. That's bigger than any tax cut in any country." He buttressed this statement when he later said, "Once [Iraq] is behind us, the whole world will benefit from cheaper oil which will be a bigger stimulus than anything else." [Guardian, 2/17/03]
Clearly, Rupert Murdoch expressed an interest in the oil industry. He supports George W. Bush's initiatives. It would be safe to say that Murdoch subscribes to the idea of taking oil by force, if necessary. Bush's oil guru is Hushang Ansary. It should not be a great leap of faith to assume that George W. Bush introduced Murdoch to Ansary. It might not have been a chance encounter that Hushang Ansary chose the Banco de Carib for a take over. Murdoch may have employed the services of Banco de Carib in order to hide his money (US $100 million in 1989) from the United States Treasury Department.
In the foregoing scenario, it fits that Murdoch's gang at Fox News kept Aruba en pris while Hushang Ansary worked his financing magic behind the scenes. Despite all the debasing of Aruba, an ally, and the Alabama boycott, Murdoch knew he could count on the White House, especially Secretary of State Condoleezza Rice, to allow him free reign over Aruba and the Netherlands Antilles.
For the ill-advised boycott, the Alabama elected officials, most up for re-election this year, would benefit from the support (publicity) of News Corp. As for Condi, she knows what side of the bread the butter is on, now doesn't she?
It would be interesting to know who the seven secret oil companies were who applied for oil exploration licenses off the shores of Aruba.
The Joran van der Sloot blog is promoting a chance, airport-encounter, deep-throat story emanating from Fox News Greta herself concerning a lead in the disappearance of Natalee Holloway.
"Speaking of planes, I missed my first plane out of Boston on Monday. Missing that plane turned out was annoying at first, but it turned out to be a stroke of luck because on the flight I did board, I ran into someone who had some important information for me on the Natalee Holloway case. The person approached me and we talked for a few minutes. We could not talk long because the doors to the plane were closing. We talked later that night by phone and again yesterday by phone for about 45 minutes. The person is reluctant to come forward, so I am working on persuading him/her. I guess the headline is: Stay Tuned. Incidentally, I don't want to overstate this since I am not giving you lots of information. The person has some very important information to the news story, but this information will not solve it."
I have checked and this deep throat story is listed on Fox News' site:
I doubt this case will get wilder than this latest revelation from Greta!
...until tomorrow evening! With Aloha,
Posted for HarryTho
Posted by Richard at February 9, 2006 10:11 PM
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