Aug. 30, 2010
Jeff Kuhner is an excellent columnist who writes for the Washington Times. I have commented positively on his work before. Last Friday he wrote an excellent piece on the ever-egregious mayor of New York, Michael Bloomberg. This is the mayor who when he isnt creating a nanny state to tell us when we cant eat salt or trans-fats is casting aspersions on the citizens of his city and this nation over their opposition to mosque that is slated to be built near the World Trade Center site.
Kuhner takes Bloomberg to the proverbial woodshed, but along the way he makes an observation that parallels some thoughts I have been having for a while: Mr. Bloomberg is insulated by his vast wealth. His commercial interests are global. It is really the second sentence that interests me. Why is it that Bloomberg is given credit for expressing opinions that dont mask raw material self-interest financial interest? I mean this guy is a billionaire TV mogul after all.
Where are all the Marxist historians when you need them?
Bloomberg runs a worldwide financial media corporation, but virtually nobody has asked whether his vociferous Islamophilia could have a pecuniary component. The Arab Middle East is the home of over a trillion dollars held by those who have profited by the sale of petroleum. Only the Chinese have a larger stash of dollars that need to be put to work.
Andrew Breitbarts Big Journalism website has posted a courageous article by Mondo Frazier on August 27th exploring the Bloomberg-$$$$-mosque question. Here are some thought proking quotes:
On October 2, 2009, The Dubai Chronicle reported Chairman and President of Bloomberg LP Peter T. Grauer met with UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum at Maktoums Emirate office. According to the Dubai Chronicle, Grauer gave a presentation of Bloomberg future expansion plans in the area of business information in the United Emirates, North Africa, and India. Grauer stated the UAE was a great place to expand, the UAEs logistic facilities the biggest incentive for investors and companies to expand their businesses in the country and the region beyond.
Then we have a Bloomberg official cooing about the virtues of Islamic finance:
Particularly since the meltdown of the western capitalist system, there has been an increasingly large focus on the virtues of Islamic finance. Today, there is no one single provider of information that caters to the Islamic finance market. So by Bloomberg being here, we are in the process of building out an Islamic finance product. We are very confident that we can build a product that meets the needs of the market right now.
Max Linnington, Regional Head of Bloomberg Middle East and South Asia on the companys plan to build a Bloomberg hub in Dubai at the Dubai International Financial Centre (DIFC), October 29, 2009
So, let us not kid ourselves that Mayor Bloomberg, at the very least, has not been aware of his financial stake in having good relations with Middle Eastern wealth as his firm develops Islamic finance products.