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Leaked documents

I always find Wikileaks a source of amazement. The latest leaks included:

UK Counter Insurgency Operations Doctrine 2007
Secret Ritual of Sigma Phi Epison 1984
US Special Forces counterinsurgency manual FM 31-20-3
UK Tactics for Iraq and Afghanistan 2007
US Suppression of Enemy Air Defense chapter 2
Venezuela buying millions in spy equipment from US Phoenix Industries 2000
US Army CALL 05-6 Operation Enduring Freedom III 2005
UK and Danish Rules of Engagement for Iraq 2006

Some very interesting reading.

Bush to establish Iran diplomatic mission

The Guardian have a story that George Bush will establish a US diplomatic mission in Tehran for the first time in 30 years.

The Guardian has learned that an announcement will be made in the next month to establish a US interests section in Tehran, a halfway house to setting up a full embassy. The move will see US diplomats stationed in the country.

It goes on:

Bush has taken a hard line with Iran throughout the last seven years but, in the dying days of his administration, it is believed he is keen to have a positive legacy that he can point to.

The return of US diplomats to Iran is dependent on agreement by Tehran. But president Mahmoud Ahmadinejad indicated earlier this week that he is not against the opening of a US mission, saying Iran will consider favourably any request aimed at boosting relations between the two countries.

He has his legacy to think about I guess.

Decency in Dubai

You really have to laugh. Authorities in Dubai are cracking down on lewd behaviour by Westerners, after a British woman was allegedly caught having sex with a colleague on a beach. One of her fellow expats writes in the Guardian:

The Friday brunch that Michelle enjoyed, for example, has been an institution among Middle East expats for years. On the holiest day of the Muslim week, five-star hotels entice customers with all-day feasts and unlimited alcohol from as little as £10.

“With all the ruckus surrounding Michelle Palmer, I thought about not coming to the brunch today,” says Kelly Fields, a 28-year-old editor from Manchester, and Dubai resident of 18 months, who is dining at international restaurant Yalumba a week after Michelle’s brunch there. “But it was just too tempting with the 40-degree heat outside. And the deal is so ridiculously cheap.” At Yalumba, one of the city’s higher-end eateries, it is £57 a head to eat as much as possible, with unlimited champagne.

Friday Brunch is a national institution. I went out on many many Fridays in Dubai to be greeted by pubs in midafternoon that were akin to nightclubs at home at 2am. Such was the level of boozing that people were plastered by at least 6pm. And bars stay open until 3am. You can imagine how messy it gets. And the local papers are up in arms over falling ethical standards:

“You are all as guilty as Michelle,” said one Dubai resident in the UAE’s leading local newspaper 7days. Like many of the UK’s red tops, it blames unruly British conduct for Michelle’s downfall. “You all get drunk in public and you have all dabbled in sex before marriage at some point. The only difference between you and Michelle Palmer is that you haven’t been caught yet!” The following day another reader took a shot at Dubai authorities. “It is a shame that these laws are not enforced more often in such obvious cases … Why should the residents here (and I mean expat as well as Emiratis), whether Muslim or not, have to endure the worst of ‘western’ society?”

It is laughable. Dubai is a city of contradictions. One contradiction is the apparent moral superiority of the local Muslim population as evidenced by the comments above. It is nonsensical. The muslims in Dubai are no more or less moral than the rest of us. Except they claim to be so.

The last time I was in Dubai myself and my sister went to do some shopping in the late afternoon. Spinneys is the Middle Eastern answer to Tesco. We got a taxi from Sheikh Zayed Road to the city centre and as we approached Spinneys we noticed all the pairs of girls, walking up and down outside the shop. All from south-east Asia and all plying their trade in the evening sunshine. Whatever about the rights or wrongs of prostitution itself, this is, we are told, a Muslim country with all the supposed intolerance for this type of behaviour. Yet it goes on in broad daylight. That’s Dubai.

Dubai is being propositioned in bars by Eritrean, Ethiopian, Romanian and Russian prostitutes. All of it known to the police force, and every single local that has a pair of eyes.

Dubai is wealthy sheikhs flying groups of young prostitutes from Russia to Dubai in first class on Emirates Airlines.

Dubai is a city where a Western woman can be kidnapped by several locals, brought to the desert, brutally gang raped and then beaten and left for dead by local Emiratis. And where she gets the blame for “dressing provocatively”. ]

Dubai is a city where workers are routinely tested for HIV, and if found positive are summarily sacked, escorted to the airport by police, and deported.

Dubai is a city where workers from the sub-continent routinely fall from building skyscrapers, and have their deaths go unreported. Those same workers earn about $200 a month for a 12 hour day, six day week. And if temperatures reach 50 degree celsius or above, they may be allowed to take the day off.

Dubai is a city where everything that happens like this is common knowledge among people who live there. But where it is never reported by the media.

And they complain about Western moral standards?

I am not saying that Westerners are moral or immoral. Nor am I saying Muslims, Arabs or Emiratis are moral or immoral. What I am saying is that you cannot accuse Westerners of double standards. But you can accuse Emiratis.

What a crappy ad

Jeff points to a rather idiotic ad taken out by the World Association of Newspapers.

We’ve done the search. You only have to turn the pages.

Wha? And quoting the Economist is just as strange for it was they who said: “Newspapers are an endangered species.” Yes they are. And quoting a newspaper that is actually doing particularly well is a little strange too.

And this today from 24/7

Gannett (GCI): USA’s Largest Newspaper Company Takes A Hit

Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 on poor numbers.

GCI preliminary 2008 second quarter earnings per diluted share from continuing operations were $1.02 compared with $1.24 per share in the second quarter of 2007. The preliminary results, however, do not include non-cash charges to be recorded in the quarter, which have not yet been finalized, for the impairment of goodwill, other intangible assets and certain other assets

Total operating revenues for the company were $1.72 billion in the second quarter compared to $1.91 billion in the second quarter of 2007.

At USA TODAY, advertising revenues declined 16.6 percent in the second quarter compared to the year ago quarter. Paid advertising pages totaled 831 compared with 1,034 in the same quarter of 2007.

Internet ad revenue was not front and center in the company’s earnings release, which probably says a mouthful.

Due to the news, shares in Gatehouse (GHS) are off almost 5% to $.99. Shares in McClatchy (MNI) are down 2% to $4.61, and shares in Lee (LEE) are selling down over 1% to $3.17.

Reality hitting?

Finally some sensible figures from an economist:

45% peak to trough house price falls, excluding inflation.

If you include inflation that could be over 50%. This is what happens in a typical housing correction. Not alone that, but prices tend to overshoot fair value. And it will drag on into 2010. At least. I said this to some colleagues a few weeks ago – that if a house was valued at around €300,000 in late 2006, then its trough value is €150,000, or maybe less. Astonished, one friend said there was no way that could happen.

I responded by saying that people said that on the way up too, that there was no way prices could keep going up. They did. And then they peaked. And it was a bubble.

Oh wait, RTE have taken out the 45% figure that featured on the News At One today. How odd.


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