Yousef al Otaiba, has reassured American officials that its purchase of Citibank will not be used to exert political pressure onSubmitted by left the hurd on Fri, 07/18/2008 - 10:18
"The energy, financial and political woes that grip the U.S. signal a decisive shift in world power, mocking the liberal delusion that Barack Obama or John McCain can return American prestige and power to its pre-Bush year 2000 nirvana," he wrote. "There is no such nirvana. There is instead a new reality: the greatest transfer of income in human history [and] the rise of a new breed of wealthy autocracies that cripple U.S. hopes of dominating the global system and demands on the U.S. to make fresh compromises in a world where power is rapidly being diversified."
Things seem to be happening at hyper-speed