Another "family values" Republican shows his true colors

NEW YORK - What started last month with an anonymous woman's Craigslist dating search for men who don't "look like toads" ended Wednesday with the resignation of two-term Rep. Christopher Lee, R-N.Y., a married father who passed himself off as a divorced lobbyist when he sent her a topless muscle photo of himself.

Gawker.com broke the story about the lying lawmaker under the headline "Married GOP Congressman Sent Sexy Pictures to Craigslist Babe."

Within hours, he had quit his $174,000-a-year job and issued this statement:


"I regret the harm that my actions have caused my family, my staff and my constituents. I deeply and sincerely apologize to them all. I have made profound mistakes and I promise to work as hard as I can to seek their forgiveness. The challenges we face in Western New York and across the country are too serious for me to allow this distraction to continue, and so I am announcing that I have resigned my seat in Congress effective immediately."


Answering a Washington-area "Women for Men" ad last month, Lee described himself as 39, divorced, a lobbyist and a "fit, fun classy guy." And to prove it, he e-mailed the shirtless photo to the unnamed government worker from Maryland.

Once she figured out the man she thought might have been a JC Penney model was actually a 46-year-old congressman, she went to Gawker with copies of their bantering e-mails about bad Craigslist dates.

Lee wouldn't discuss the incident Wednesday afternoon when intercepted by Fox News enroute to his car, saying, "I have to work this out with my wife."

He resigned later in the afternoon. Gov. Andrew Cuomo is expected to set a date for a special election to fill Lee's seat. 

For a while it seemed he might try to tough it out. A Lee spokesman earlier told Gawker that Lee believed his e-mail account had been hacked around Jan. 21, although the date on the e-mails containing the topless Blackberry portrait was dated Jan. 14.

In the warp-speed world of online news, the Gawker story was added to Lee's Wikipedia profile by mid-afternoon, though it should be noted that in the case of the fit, fun philanderer, he was answering, not placing, an ad.

"In February of 2011 Representative Chris Lee was found to have been posting personal ads on Craigslist looking for women and lying about his age and marriage after e-mails and risque photos he sent to a woman were uncovered."


http://gawker.com/#!5756377/craigslist-congressman-resigns

Source: Politics Daily

Egyptian dictator Mubarak is richest man in the world?

Gamal and Hosni Mubarak (Egyptian Dictator)
Courtesy: Getty Images

President Hosni Mubarak's family fortune could be as much as $70bn (£43.5bn) according to analysis by Middle East experts, with much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast.

After 30 years as president and many more as a senior military official, Mubarak has had access to investment deals that have generated hundreds of millions of pounds in profits. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in upmarket homes and hotels.

According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.

His sons, Gamal and Alaa, are also billionaires. A protest outside Gamal's ostentatious home at 28 Wilton Place in Belgravia, central London, highlighted the family's appetite for western trophy assets.

Amaney Jamal, a political science professor at Princeton University, said the estimate of $40bn-70bn was comparable with the vast wealth of leaders in other Gulf countries.

"The business ventures from his military and government service accumulated to his personal wealth," she told ABC news. "There was a lot of corruption in this regime and stifling of public resources for personal gain.

"This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition. These leaders plan on this."

Al Khabar said it understood the Mubaraks kept much of their wealth offshore in the Swiss bank UBS and the Bank of Scotland, part of Lloyds Banking Group, although this information could be at least 10 years old.

There are only sketchy details of exactly where the Mubaraks have generated their wealth and its final destination.

Christopher Davidson, professor of Middle East politics at Durham University, said Mubarak, his wife, Suzanne, and two sons were able to accumulate wealth through a number of business partnerships with foreign investors and companies, dating back to when he was in the military and in a position to benefit from corporate corruption.

He said most Gulf states required foreigners give a local business partner a 51% stake in start-up ventures. In Egypt, the figure is commonly nearer 20%, but still gives politicians and close allies in the military a source of huge profits with no initial outlay and little risk.

"Almost every project needs a sponsor and Mubarak was well-placed to take advantage of any deals on offer," he said.

"Much of his money is in Swiss bank accounts and London property. These are the favourites of Middle Eastern leaders and there is no reason to think Mubarak is any different. Gamal's Wilton Place home is likely to be the tip of the iceberg."

Al Khabar named a series of major western companies that, partnered with the Mubarak family, generated an estimated $15m a year in profits.

Aladdin Elaasar, author of The Last Pharaoh: Mubarak and the Uncertain Future of Egypt in the Obama Age, said the Mubaraks own several residences in Egypt, some inherited from previous presidents and the monarchy, and others the president has commissioned.

Hotels and land around the Sharm el-Sheikh tourist resort are also a source of Mubarak family wealth.

Source: The Guardian

Carlos Slim unveils $8.3bn investment drive

Mexican tycoon Carlos Slim says he is to invest $8.3bn in 19 countries, mainly in Latin America.

The bulk of the money, some $3.6bn, is destined for his businesses in Mexico, including telecommunications, mining and road-building.

Drug-related violence affecting some regions of Mexico was no reason to stop investing in the country, Mr Slim said.

Last year he knocked Bill Gates off the top of Forbes magazine's billionaire's list with a fortune put at $53.5bn.

The planned $3.6bn for Mexico, a 13% rise on last year, would go to a range of sectors, with the bulk going to telecommunications, Mr Slim told a news conference in Mexico City.

"Whoever doesn't invest, be it out of fear or caution, will be left behind," he said.

Mr Slim said he believed the Mexican economy would continue to grow in 2011 and 2012.

Violence and insecurity in the country were serious problems, he said, but violence could be found everywhere.

"What can be more worrying is economic uncertainty, to see that developed countries have huge deficits, high rates of unemployment, undercapitalised financial systems, and that they are merely adopting palliative measures that don't resolve the problems."

Other key countries for investment were Brazil, Colombia, Peru, Chile and Argentina, he said.

Mr Slim, 71, the son of Lebanese immigrants, controls more than 200 companies across Latin America, ranging from telecoms, where he first made his fortune, to infrastructure, banking and retail.

In 2008, he bought stakes in the New York Times newspaper and in the struggling bank Citigroup.