The director’s sister-in-law Mathilde Seigner hinted that the leader has been instrumental to the recent development.
“I wouldn’t go so far as to say that it is thanks to the President that Roman has been freed, but he has been super. The President has been very effective,” Times Online quoted her as telling Le Parisien newspaper.
Sarkozy had earlier expressed his views on the director being held on a US warrant for having unlawful sex with a 13-year-old girl in 1977. (via Nicolas Sarkozy ‘helped’ Roman Polanski get bail).
Joseph Wambaugh on Hollywood
For years now, I have been avid reader of Joseph Wambaugh – a policeman turned writer. His comedies, wrapped in (mostly) LA or (sometimes) New York milieu, are in the style of Raymond Chandler under halogen lamp. The darker areas get better light. The chrome glints more. Glamour quotient gets mixed with large doses of warmth and understanding. Unlike Chandler, Wambaugh’s is never judgmental – which make his characters very real.
I read Wambaugh’s Glitter Dome, and twenty years later I remember one of his interesting observations on Hollywood,
Parking, not pussy, is at a premium around these parts, they said.
Sex, Cinema and Fashion
Hollywood, Bollywood (a patronizing name by which Indian film industry calls itself), haute couture businesses have a rather blase attitude about sex. Hence, to hold Hollywood to ordinary behavioural norms, has a puritanical air about it. In the Polanski affaire, the alleged victim, Samantha Geimer, wants the case closed.
But anyway, coming to why this story gets me curious, is why did Anand Jon, a haute couture designer get such a harsh sentence. Unwilling /semi-willing /actively willing sex in Hollywood /Bollywood /haute couture businesses is what (I have been given to believe is) normal. I mean these days, stars /starlets ‘leak’ sex tapes on the internet.
And no one has ever been seriously prosecuted, convicted and sentenced – as Anand Jon has been!
Where is the balance
I am assuming that Anand Jon is guilty. Is it the first time that models have tried advancing their career by sleeping with designers? Has it not happened before? I wonder what is it that Anand Jon did, which brought down the entire American judicial establishment onto him like ton of bricks. The case of the Sri Lankan Rajarathnam has similar smell to it.
The US prosecuting authority, Preet Bharara, the U.S. Attorney for the Southern District of New York, alleges that the Galleon Fund made some US$20 million out of this insider trading. I am sure that Galleon Fund (more than US$5 billion in assets under management) spent more than US$20 million on tea, coffee, espresso, soda, Evian and paper napkins. Rajrathnam’s own net worth was estimated by “Forbes” to be US$ 1.3 billion.
Is there any sense, any balance to these cases. Is Preet Bharara, indulging in reverse ‘affirmative action’ by prosecuting Rajarathnam? Is Preet Bharara trying to prove that he is colour blind?
“If you’re a wealthy trader, you aren’t special,” Bloomberg quoted Manhattan U.S. Attorney Preet Bharara as saying at a press conference. “Knock on our door before we come knocking on yours.”
If you ask me, he should investigate Hank Paulson, the Former Treasury Secretary, under whose watch many bankruptcies happened conveniently in favour of JP Morgan and Goldman Sachs.
post-reform the US will retain its de facto veto power with a 17 per cent share and the US, EU and Japan will together still control 53 per cent of IMF shares. Individually, the shares of US, Japan, UK and France will still be larger than China’s share of under 4 per cent. Impatient with these little handouts, China has launched a multi-pronged campaign to claim a seat at the head of the table.
Shortly before the G20 summit, Zhou Xiaochuan, governor of the Chinese central bank, suggested that the dollar should be replaced by SDRs as the new reserve currency. The huge dollar reserves held by central banks and other global investors would be severely eroded if the dollar were to suddenly depreciate. Yet, these investors cannot easily diversify away from the dollar since this itself would trigger dollar depreciation. The Chinese are particularly concerned: an estimated $1 trillion out of their total reserves of around $2 trillion are held in dollar assets. The SDR exchange rate is a weighted average of exchange rates of the major convertible currencies. Accordingly, under Zhou’s proposal, China and other countries could convert their reserves from dollars to SDRs at current exchange rates without any erosion in their value. via TOP ARTICLE | The China Syndrome – Editorial – Opinion – The Times of India).
Rather a good summary of the flux in global currency system – for someone who wants to understand the situation today. The last paragraph will be of interest to everyone – especially Indians.
The relative roles of different Asian currencies in this fund are yet to be determined, but clearly the Chinese yuan has arrived and the meltdown of the dollar as a reserve currency has begun. The US-led western alliance has two options before it. It can give China a leading role in the G7-dominated financial architecture or face an alternative architecture led by China. Heads i win, tails you lose. Meanwhile, India is yet to find a role for itself in this new great game.
The biggest bankruptcy in history might have been avoided if Wall Street had been prevented from practicing one of its darkest arts.
As Lehman Brothers Holdings Inc struggled to survive last year, as many as 32.8 million shares in the company were sold and not delivered to buyers on time as of September 11, according to data compiled by the Securities and Exchange Commission and Bloomberg. That was a more than 57-fold increase over the prior year’s peak of 567,518 failed trades on July 30.
The SEC has linked such so-called fails-to-deliver to naked short selling, a strategy that can be used to manipulate markets. A fail-to-deliver is a trade that doesn’t settle within three days.
“We had another word for this in Brooklyn,” said Harvey Pitt, a former SEC chairman. “The word was ‘fraud.’” (via Naked short sales hint fraud in bringing down Lehman).
This is very similar to Joseph Kennedy’s shorting the market before The Great Depression. It has always been a wonder to me how could Joseph Kennedy, a bootlegger and a friend of the mafiosi could become SEC Chairman? And after that did happen, would a Great Depression not follow?
It was always 2ndlook’s suspicion that Hank Paulson’s behaviour in the Lehman collapse is similar to Bootlegger Kennedy’s behaviour. And this now coming out all in the open!!