There doesn't seem to be anything that isn't being sold out in America. The politicians and the business community have no pride or patriotism. They will do that which benefits them, and the American people be damned. They won't protect us from terrorists, illegal immigrants, or foreign takeover of our country.
The government of Abu Dhabi bought a 75 percent stake in the landmark Chrysler Building on Tuesday for $800 million from a German real estate fund managed by Prudential Real Estate Investors.
You would think that Abu Dhabi got a controlling interest in New York’s Art Deco masterpiece for that kind of money. But you would be wrong.
Despite having only a minority holding, Tishman Speyer Properties will continue to control the property, much as it has since 1997. That is because it controls the land beneath the 77-story tower with the stainless steel crown, gargoyles and elevator cabs that evoke the chrome laden autos of years gone by.
Tishman Speyer Properties did not return calls requesting comment and the often secretive Abu Dhabi Investment Council, an arm of the Gulf emirate government, was also mum. Teresa Miller, a spokeswoman for Prudential Real Estate Investors, confirmed on Wednesday that “we no longer own a 75 percent stake in the Chrysler Building.” She declined to disclose the sale price.
Speaking of sell-out:
French President Nicolas Sarkozy will attend the opening ceremony of the Beijing Olympic Games next month despite an earlier threat to boycott over a crackdown in Tibet, his office said Wednesday.
Sarkozy told Chinese President Hu Jintao he would go to Beijing during a half-hour meeting on the sidelines of the Group of Eight industrialised nations summit in northern Japan.
Sarkozy had threatened to boycott the Olympic opening gala following a Chinese crackdown in Tibet in March that sparked international outrage, leading to speculation that some world leaders might shun the Summer Games.
[...]The statement came as French Foreign Minister Bernard Kouchner said he had called in China's ambassador over his comments warning of serious consequences if Sarkozy met the Dalai Lama, the exiled Tibetan spiritual leader.
[...] In France, media watchdog Reporters Without Borders (RSF) accused Sarkozy of surrendering to China.
"I am disappointed and bitter. Until the last moment, I kept hoping he would not dare" attend the ceremony, said RSF secretary general Robert Menard.
"This is a surrender in the middle of battle, an abandonment of all the commitments he made as a candidate and all of the values our country embodies," Menard charged.
[...]Both German Chancellor Angela Merkel and British Prime Minister Gordon Brown have said they will not attend the Olympics opening but denied it was a snub.
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