Showing posts with label values. Show all posts
Showing posts with label values. Show all posts

Friday, April 3, 2009

Obama vis a vis Mea Culpa and Tordesillas......

drawing/collage by marguerita
He urged a shift in attitudes. In America, he said, there had been “a failure to appreciate Europe’s leading role in the world,” and there had been “times when America has shown arrogance and been dismissive, even derisive,”
Mr. Obama said and spoke
of Mr. Sarkozy’s “initiative, imagination, creativity.”

Obama Sets a New Tone for Alliance With Europe - NYTimes.com
Note:
Would be nice if The Treaty Of Tordesillas would be taught in American schools,as it happens that not only the population is not cognizant of that Treaty, but as well ,nationally known editors in chief of many newspapers have not a clue about this historical fact.

The Treaty of Tordesillas

1494

The Treaty of Tordesillas was agreed upon by the Spanish and the Portuguese to clear up confusion on newly claimed land in the New World. The early 1400s brought about great advances in European exploration. In order make trade more efficient, Portugal attempted to find a direct water route to the India and China. By using a direct water route, Arab merchants, who owned land trade routes, were not able to make a profit off of the European trade merchants. After Columbus discovered the New World in 1492, it was clear that conflict would soon arise over land claims by Spain and Portugal. The Portuguese also wanted to protect their monopoly on the trade route to Africa and felt threatened. It was only after the realization that Columbus had found something big that land became the important issue. The newly discovered land held great potential wealth which would benefit European nations.

On May 4, 1493 Pope Alexander VI took action to clear up any confusion that may have arisen over territorial claims. He issued a decree which established an imaginary line running north and south through the mid-Atlantic, 100 leagues (480 km) from the Cape Verde islands. Spain would have possession of any unclaimed territories to the west of the line and Portugal would have possession of any unclaimed territory to the east of the line.

Tordesillas.jpg

After further exploration, the Portuguese grew dissatisfied with the agreement when they realized how much more land Spain had been given. In June of 1494 the line was re-negotiated and the agreement was officially ratified during a meeting in the Spanish town of Tordesillas. The Treaty of Tordesillas re-established the line 370 leagues (1,770 km) west of the Cape Verde Islands.

It was evident that little exploration had taken place at the time the treaty was signed because Spain was granted a much larger portion of land. Portugal was only given possession of Brazil. Portugal pushed over the next several hundred years to move the border of Brazil westward. Because the line was not very well defined, the Spanish did not put up any opposition to this Portuguese expansion.




Thursday, March 12, 2009

The Wizard of Maddoz tears of relief

collage by marguerita
Play the Game, Sweetie

Madoff: To the best of my recollection, my fraud began in the early 1990s.

Translation: Hey, does anybody here really remember the 80s?

Madoff: At that time, the country was in a recession and this posed a problem for investments in the securities markets. Nevertheless, I had received investment commitments from certain institutional clients and understood that those clients, like all professional investors, expected to see their investments out-perform the market. While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.

Translation: I have pathological need to be admired.

Madoff: I therefore claimed that I employed an investment strategy I had developed, called a “split strike conversion strategy,” to falsely give the appearance to clients that I had achieved the results I believed they expected.

Madoff: As I engaged in my fraud, I knew what I was doing was wrong, indeed criminal.

Translation: As the former chairman of the Nasdaq stock market, I tend to know the rules.

The scandal turned a well-respected investment professional _ Madoff was once chairman of the Nasdaq exchange

Parsing Madoff: It Was Me, Me and Only Me - DealBook Blog - NYTimes.com