This is madness. We should avoid any further deconstruction of the Middle East power structure which was supported by previous, clearheaded western generations as a putrid, yet somewhat effective realpolitik solution to an intractable situation. Hussein, Assad, Gaddafi, Mubarak, et al were hired guns who fought our wars against global Islamic extremism for us. Yes, it is detestable, but it is reality. We like to empathize with and support the liberal, moderate elements in the Middle East, but in reality, the vast majority of those populations are culturally incapable of accepting the pluralistic democracies we have planned for them. Our naive idealism and arrogance are now leading us to fight alongside the Islamic extremists we’re bankrupting ourselves to protect us from. Madness. We must not do anything else in the region to destablize the old power structure. Let Allah handle it. The US is not the world’s police, and we have no credible ability to convert these people to our way of life. Naive foolishness. We will destroy ourselves in these manic escapades.
New York 4 Sep 2013
RE: “Habermas’ Volcano”
An article well worth reading from today’s Der Spiegel, written by Jürgen Habermas, generally regarded as one of the world’s foremost intellectuals: http://www.spiegel.de/international/germany/juergen-habermas-merkel-needs-to-confront-real-european-reform-a-915244.html .
As I’ve written over the past several years, I believe Germany and the Eurozone will eventually come to their senses and get off “Habermas’ Volcano” before it blows (via Eurozone breakup), while the US will unwittingly experience its full wrath like an unfortunate, bumbling tourist due to a confluence of tragic sociopolitical realities in America; the rise of a strong collectivist / communist zeitgeist, and a dearth of political leadership to first recognize, and then oppose it with the same forceful courage of past American generations.
This slow motion train wreck is painful to watch. Counter-intuitively it’s an American, not European train wreck that I’m forecasting.
If there were such a thing, a “Southern European Molotov Cocktail Index” would be the key daily graph to monitor. At some point, social instability in the Southern Eurozone will rise to a dangerous, untenable pitch, and be the catalyst for a N/S Eurozone breakup, with the N Euro supported by Russia, China, et al as a new world reserve currency with profoundly negative ramifications for the US$ and American society. One indirect, less obvious contributing factor is rising anti-Americanism at the grass roots level exacerbated significantly by the NSA global spying revelations…and the potential for American energy self-sufficiency via shale resource development (thumbing our nose at very powerful global interests who strongly oppose this and will be harmed greatly by it).
Big quirky bets outside the obvious: Long on France (replaces Germany as the economic engine of the S Eurozone). If you’re an American, long on all classes of US real estate, and citizenship diversification. N Eurozone for safe havens. Gold, agricultural commodities.
12 Aug 2013
ARUNDEL CAPITAL PARTNERS
|Contact:Arundel & Co, EB-5 Public Affairs||FOR IMMEDIATE RELEASE|
Structure for high job creation commercial real estate developments approved for Boston
New York, New York – [March 8, 2013] On March 5, New York City-based private equity investment firm Arundel Capital Partners received United States Citizenship and Immigration Services (“USCIS”) approval to operate a private sector EB-5 regional investment center, geographically focused on Boston, Massachusetts. The initial $125 million in “shovel-ready” commercial real estate development projects sponsored by Silvermine Development Partners, and submitted to the USCIS, include investments which Arundel’s econometric models forecast will create 623 jobs in Boston. Arundel is financing these projects from private funding sources, a portion of which comes from EB-5 visa economic immigrants.
EB-5 investments have contributed to many high profile commercial real estate development projects, including Times Square in New York, the LA Live entertainment complex in Los Angeles, and most recently the Jay Peak Ski Resort in Vermont. According to a New York Times article, Jay Peak Ski Resort is the largest economic development project in Vermont’s history, with a project size of $865 million, “creating 10,000 direct and indirect jobs over several years. 550 foreign investors from 60 countries put up $275 million for the first phase. The second and third phases, now under way, require 1,000 additional foreign investors to put up $500 million to overhaul Newport and to develop the nearby Burke Mountain Ski Area”.
Investment projects, and the regional investment centers which sponsor them, go through an exhaustive and lengthy evaluation process conducted by the USCIS, who give final approval for the regional center to operate, and the investments to qualify for the EB-5 visa program. In the case of Arundel, the process took over one year, and was strongly supported by federal, state, and city politicians, union leaders, and the local business community.
“It was a team effort” stated Jack Worthington, Managing Partner of Arundel. “Congressman (Stephen, [MA-8]) Lynch and his team in Boston and DC were supportive in helping us navigate the process and getting this project off the ground. Bob Rizzi’s (President of Norfolk CLC, AFL-CIO) leadership to get the word out to the union people on the street, and their strong support were key. The EB-5 program has played an important role in very high impact commercial real estate projects, and now all Massachusetts developers have access to this competitive advantage through Arundel investments. I’m honored to be able to bring this regional center to Massachusetts and do my part to help create an ongoing number of good jobs for the people of Boston”.
Alyson Toombs Worthington, Managing Partner of Silvermine Development Partners and Trustee of the Urban Land Institute states, “Silvermine has a great team up in Boston. Our development pipeline far exceeds the $125 million currently approved, and that’s where this really gets exciting. Just look at the impact of Jay Peak, Times Square, and LA Live on those communities. Silvermine’s objective is to create high quality, smart developments which enhance their neighbourhoods, and are a blue chip investment product for all of our investors and stakeholders. Access to the EB-5 program is a competitive advantage and Silvermine is looking forward to developing important projects for Boston.”
Arundel Capital Partners: www.arundel-group.com
Silvermine Development Partners: www.silverminedp.com