10.12.2005

Frenchy goes down

It's about friggin' time. France's former U.N. ambassador has been taken into custody as part of an investigation into allegations of wrongdoing in the Iraq oil-for-food program, judicial officials said Tuesday.
Jean-Bernard Merimee, 68, who also was ambassador to Italy from 1995-98 and to Australia in the 1980s, is suspected of having received kickbacks in the form of oil allocations from the regime of Iraqi dictator Saddam Hussein. He was also a special adviser to U.N. Secretary-General Kofi Annan from 1999 to 2002.

From OpinionJournal.

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...