Tag Archives: national security

Commentary – Wanda: “And Fade Out”

It is always interesting, after writing one of my commentaries to see the follow up within weeks and months as the landscape is changing.

Dalian Wanda, a privately held corporation, has gone under an enormous change after I wrote (China’s Trojan Horse in Your Neighborhood—11/14/16) of its massive financial invasion and attempted takeover of American cinema facilities. Wanda’s goal was the morphing from a real estate developer to an entertainment and tourism major world player. His aim was to become the dominant world player with his acquisitions of American cinema chains and production companies. It is that goal that drove his overseas spending binge.

First, there was an outcry from Congress, but that seemed to go nowhere. Then, as one commentator said, the rug was pulled out from beneath Wanda by the Chinese government itself. The question is why? Wanda is headed by the second richest man in China, Mr.Wang. Why would his own government react as they did?

Mr. Wang, who owns Wanda, is held to be one of China’s wealthiest individuals, with a fortune that sits close to $31.4 billion. He is also ranked 18th in the world by Forbes. In China that is a singular achievement. All this achieved in what can be characterized as a country with an enormous bureaucratic government and intense social and economic control — it is China. So what happened? Did Congressional outcry set up a second look by the Chinese government? I doubt it. Was it extraterritorial spending too much of Chinese wealth being utilized outside his own country instead of internal investments? Or simply in the vernacular — was he getting too big for his britches for a very controlling government. He was clearly violating his nation’s investment law, but, none-the-less, he was permitted to continue his overseas investments without interference by his own government.

Then it all seemed to fall apart. His real estate empire is a mere fraction of what it was. You might remember last year, when he visited Hollywood and bragged that Wanda would soon beat Hollywood at its own game, and with the carrot and stick promised generous rewards to those who would work with him. At this moment, at least four of the entertainment deals, including the $3.5 billion purchase of Legendary Entertainment, have already closed. But, and that is a big “but”, the Chinese government’s ban appears to prohibit loans even to those units for day-to-day operations or for restructuring.

At his point, the Chinese Government has played a very open hand, and it was a long time in coming—all to the benefit of the United States. The Chinese government has directed its banks to loan him no more money, even if it means he will default on his overextended investments. As in the movies, in time, he will “fade from the scene” and I predict he will sell off his stakes in Hollywood. From a security point of view: that is very good news.

Richard Allan,

Editor

 

 

 

 

 

 

 

Commentary—Politics At Home and Chaos Abroad

We are living in the most unsettling and frightening times in my memory, and I am a senior-senior. Politics in the United States is much more disturbing than I remember, and I remember the McCarthy era all too well.

Today, politics and its vulgarity cut across an uglier path than our traditional concept prescribes. This blog focuses on security, terrorism and counter-terrorism, often brushing the shores of civil rights. The present political scene has a direct negative bearing on our security—national and international. And although I am loath to enter that mine-field, I must.

On the right , never before in my lifetime have I heard and read such vitriolic language to describe long standing economic and security partners, against friends and non-friends in the diplomatic world or more pathetically—each other. Clearly, you do not conduct foreign relations in this century behind a wall or encourage others to build nuclear bombs.

On the other side of the political spectrum we find Bernie Sanders—like Mr. Trump, hides his federal tax returns, decided he was a Democrat only 4 months ago, and his surrogates harass super-delegates. He seeks to be president and commander-in-chief while ignoring that at one time he filed as a “conscientious objector’. How that squares with our national security and control of the black box is beyond my comprehension. When or where does our national security (and frankly, I am thinking about my family’s security) come into play if the Senator believes in non-violence in a very violent world, and most surely he will be required from time-to-time to engage our military in violent confrontation if elected. As our present occupier of the White House, will he draw a line in the sand and then go on to ignore his own threats? How will he handle drones and their use against ISIS, it leaders and those who plot against our military? How does he criticize Israel’s response to Hamas’s attacks and blatantly ignore the thousands of rockets fired by Hamas including their use of civilians as shields? How does a conscientious objector morph into a Commander-in-Chief?

At home we fear ISIS and its allies. Not when but where will they strike. ISIS is losing ground on their home turf but is more than making up for that loss with their savagery abroad. Think Brussels and Paris.

The migrants and their wholescale deportation across the Turkey boarders have deleted the word “humanitarian” from our dictionary. Looking at the rest of the world I see only violent chaos, massive displacement of whole groups of people, killings as random as walking across the street. It appears to me that the world’s governments are paralyzed to stop this brutality although they talk in boasting terms.

In India, nearly 100,000 farmers have committed suicide in 2014. Why and why is India silent?

In Gaza, there is no news from whichever government pretends to be in control, the international press is silent as the Israeli government quietly announced it has expanded the Palestinian fishing zone from six to nine nautical miles. A spokesperson for the Palestinian fishing industry said this would increase their income by at least one hundred thousand dollars annually. President Abbas has been silent, and there have been no comment from London.

Nearly a week after recapturing Palmyra from ISIS, Syrian forces say they have uncovered horrendous evidence of the workings of the terrorist group. Mass graves, some holding 40 bodies—many were women and children, and some show signs of beheading and torture. As Iran remains a steadfast ally of those criminally minded people it has told the American government in a posting today that their missile power is a non-negotiable issue. Warning that they “don’t get permission from anybody” especially from the “imprudence” of the U.S. regarding their own security.

From Steve Emmerson’s group, we are asked to “imagine more of the African continent engulfed in Islamist savagery of Libya and Nigeria. Imagine Jordan and Saudi Arabia undergoing the same turmoil as Iraq and Syria. Imagine a Europe that begins to resemble Lebanon more than its American cousin.” These events could occur in the next few years, and NATO seems blind to this story.

A television clip released by MEMRI shows a Leader of Islamic Movement in Israel preaching: “This land (‘Palestine’) will vomit Israeli occupation like the sea vomits its filth”. I wonder if any person could preach that same gospel in Gaza about Hamas.

Turkey is awash in political upheaval. This once proud democratic nation has fallen victim to not some strong mana’s rule but a neo-Islamist dictator. His crushing of civil rights and the opposition press is not subtle but violent and public, and yet the people vote for him. All this internal power has provided him the upper hand internationally, as Greece with its dire financial conditions and swamping of migrants seeks help. In return for 6 billion euros and some vague promises of free travel, Turkey will take back anyone currently attempting to enter Greece. This week we saw the first boat load of migrants starting the painful route home. And as I write this blog, Turkey has been placed on high alert as our own government warms about credible threats and reports of controlled explosions conducted in Istanbul’s popular square.

And last on my agenda today is the South China Sea where international relations have becomes tenser and potentially moving beyond mere political hostility. Although the New York Times attempts to portray the Unite States as neutral in the area, it is just the opposite. America sails its warships close to the Chinese created military island and compound in defiance of China’s extension of its territorial and nautical rights in that part of the world. All, as the other nations of the area try to forge stronger political and military ties that we have not seen in decades.

I remember sitting in my office when JFK was assassinated, and I fearfully thought what was going to happen to the country. I thought of my very young family waiting for me at home. Obviously, the country has more than merely survived. But today’s political climate is more endemic. The hatreds long contained are being encouraged to be expressed and acted upon. The most base thoughts and actions are encouraged to be displayed and executed freely. Disregard for reality, one note songs repeated over and over in disregard of others; to dismiss what you don’t have merely because you do not possess it. I loathe placing Donald’s name in the same sentence with Bernie, but each in his very own distinct way have a blind eye to international reality and would make us a more isolationist nation. And that would damage our national and international security. Yesterday, a very close relative said to me: I am voting my brain not my heart. And I thought that is a good rule to follow when determining issues involving security.

Richard Allan

The Editor