WORLD MEDIA WATCH
Summaries are excerpted from the source articles; the featured article follows the summary section. A recommended "site of the day" will also appear occasionally following the summaries.
China should invest in Saudi Arabia's petrochemical sector or risk becoming a victim of the Gulf nation's bid to use its energy reserves to become an industry leader. "Don't' miss the boat," Amr Al-Dabbagh, governor of the Saudi Arabian General Investment Authority (SAGIA), told Chinese investors at the closing session of the CEO Forum here yesterday. His speech on "Beyond the intent to performance" was a strong message to over 400 top global CEOs who took part in the event organized by Business Week. ... The Kingdom hopes to draw $50 billion of foreign cash into the petrochemical industry over the next 15 to 20 years as part of a campaign to make it one of the top three countries in the sector. China's vast market and export-oriented manufacturing industries makes it a perfect partner for Saudi companies with their cheap energy and feedstock. "It makes economic sense for Chinese firms to process petrochemicals in Saudi Arabia instead of shipping energy and raw materials home to do it there," Dabbagh said. The Kingdom aims to grab 15 percent of the global market in plastics by 2020 and boost ethylene output to 14 million tons by 2010 from under seven million tons at present. "China is a global player in finished plastic products and the Kingdom has an ongoing expansion program in this sector," Dabbagh said. "So instead of the Chinese watching their market share globally shrinking, they would be better off being part of the action," he added.
A BUZZFLASH GUEST CONTRIBUTION
by Brent Budowsky
To Military Families: This note will contain harsh words and for those who serve, and those who love them, two suggestions right at the top.
Subject: Bush has now killed more Americans than has Osama bin Laden
Let's make this our November Surprise. Please forward this information as widely as you can. Send it to every columnist and reporter of every newspaper in your area. Send it to every Democrat or Green running for office. Send it to blogs. Send it to http://www.moveon.org. Use it to write your own letter to the editor. Let's saturate the media in the next six days.
DNC: Rumsfeld and Cheney Stay The Course
Washington, DC - Yesterday during an interview with the Associated Press, President Bush said he "wants Defense Secretary Donald Rumsfeld and Vice President Dick Cheney to remain in his administration until the end of his presidency, extending a job guarantee to two of the most-criticized members of his team." [AP, 11/1/06] Despite their numerous faulty predictions and assertions, President Bush remains completely loyal to two architects of his failed Iraq policy.
A BUZZFLASH NEWS ANALYSIS
In this, an election year, we urge Americans to keep in mind how the Republican Bush Administration (and Republican Congress) have handled and been handled by oil interests for the past 6 years.
We think it's important to look at who George W. Bush's friends are and how he treats them.
For starters, it's worth recalling that, before the 9/11 attack on America, and before our country started a disastrous war against Iraq, the Bush Administration's first and firmest political stand was to create -- and then protect the secrecy of -- Vice President Dick Cheney's "Energy Task Force." The Administration's focus was on oil, not on protecting Americans.
BARBARA'S DAILY BUZZFLASH MINUTE
It's hardly likely that Ann Coulter will be prosecuted in Jeb Bush's Florida, even though, "Knowingly voting in the wrong precinct is a felony punishable by up to five years in prison"!! And because it's Jeb Bush's Florida, Ms. Coulter could always check into a "rehab" center to avoid prosecution! She should consult Rush Limbaugh and Mark Foley, they can give her a few tips on how to stay out of jail free! Nevertheless, if she is guilty and if she is convicted, it would prove that there is some justice in Florida after all, and the Queen of Mean will then have some "time" to reflect!
A BUZZFLASH NEWS ANALYSIS
Today, BuzzFlash received a donation request email from the GOP. As we're sure the Republicans do with the Democratic email alerts, we signed up because we're curious about how they are marketing themselves to the electorate (or, at the very least, to their base).
A BuzzFlash News Alert
Dean: Boehner Owes Military An Apology -- Republican Leader Blames Generals for Iraq Woes, While Exonerating Rumsfeld and Bush
Washington, DC – Today during an interview on CNN, House Republican Leader John Boehner blamed the military for the problems with the Bush Administration’s failed Iraq policies. Democratic National Committee Chairman Howard Dean issued the following statement calling on Boehner to apologize to the men and women in the armed services for his irresponsible election year rhetoric: