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Monday, October 4, 2010


As I travel the world I get to appreciate why the USA is the greatest country, ever.  Mind you, we are so far from perfect that doomsday could well come crashing down at any time.  On the other hand, just imagine if we ever got our act together.  In any case, consider the following:

  1. In South Korea, the Great and Eternal Leader, Kim Jong Il, promoted his son, Kim Jong Un, now called the Small General (or was that Young or Little?), to a Four Star General, symbolizing future succession. So, why not, Jong Il also made his younger sister a Four Star General.  The U.S., by the way, Has 40 four star military officers.  So are the people set to riot?  Nope, North Korea is the only country which practices dynastic succession.  Even the United Kingdom’s monarchy is not the same, for Queen Elizabeth has no power, as such.
  1. Moscow Mayor, Yuri Luzkhov, was fired by Russian President Dmitry Medvedev.  The reason?  Loss of confidence.  Reality, Medvedev got tired of being criticized.  This act adds spice to Russian succession in 2014.  The president serves for six years and can hold only one consecutive term, meaning that Vladimir Putin can return as early as 2014 if Medvedev chooses or is coerced to step aside.  Luzkhov was never elected into that office anyway, for in 1992 he was just appointed by President Boris Yeltsin.  Historically, the Moscow mayor is elected.  Luzkhov’s wife, Yelena Baturina (to the right), is 47, while Yuri is 74.  Yelena is the only female Russian billionaire.
  1. You remember Jacques Chirac as Mayor of Paris (1977 to 1995) and President of France (1995 to 2007).  He was recently indicted for embezzlement during his mayoral period, and will face trial early next year.  However, the city of Paris dropped out of the corruption case when lawyers worked out a deal for Chirac to pay the City $3 million dollars, so that does one of two things:  he has effectively pleaded guilty and the federal government should be in fine shape to further nail him…or, they might just drop the case, for the issue was with the city.  

4.  Last month, Ichiro Ozawa challenged the current Prime Minister of Japan, Naoto Kan, on a leadership vote.  Kan prevailed, but today, the judiciary reported that Ozawa will face charges over the scandal that has been hanging over him.

5.  Last year, former South Korean president, Roh Moo-hyun, jumped off a cliff, leaving behind a suicide note.

Dow Jones, etc, to come.


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