Kerkorian ‘Fascinated With Making Deals’

KERKORIAN ‘FASCINATED WITH MAKING DEALS’
By John Gallagher

Detroit Free Press, MI
April 28 2008

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Kirk Kerkorian’s latest bid for a hefty stake in an American automaker
has some people asking why the 90-year-old Las Vegas dealmaker cares
so much about Detroit metal.

Since the reclusive billionaire rarely does interviews, his biography
will have to provide any clues.

That personal history shows strong evidence that, once intrigued by
an idea, Kerkorian pursues it relentlessly.

Whatever he fancies, Kerkorian certainly has the money to go for
it. Forbes Magazines estimates Kerkorian’s fortune at $18 billion,
making him the seventh-wealthiest American.

The son of Armenian immigrants who ran a produce business in Fresno,
Calif., Kerkorian quit school as a teenager to go to work. He spent
a year in the Depression-era Civilian Conservation Corps, served
as a military pilot during World War II, and after the war ran a
small air-charter service to ferry gamblers between Los Angeles and
Las Vegas.

Kerkorian paid $60,000 for the charter service in 1947, when he was
30. In 1968, he sold it to Trans-america Corp. for a little over $100
million. It was his first fortune, and a banker friend, Walter Sharp,
said much later the transaction transformed Kerkorian.

"Kirk realized then that everything was in the timing," Sharp said
in 1995. "He became fascinated with the idea of making deals."

And deals there were. For a man so intensely private, he showed a
remarkable taste for splashy investments, mostly in Las Vegas. With
the proceeds of his airline sale, he acquired the Flamingo hotel there
in 1967. It was just the first of several casino-hotels Kerkorian
would buy, sell or build in the decades since.

Movies also have held a lure. Kerkorian bought the MGM film studio
three times between 1970 and 1996, once selling it to mogul Ted Turner
and buying it back again in a matter of months.

It was a chance encounter with Lee Iacocca that sparked Kerkorian’s
interest in Detroit. Meeting the then-automotive executive at a
Florida racetrack, Kerkorian agreed in 1990 to invest in Chrysler,
whose finances were shaky again because of slumping sales.

What followed was a tumultuous relationship with Chrysler that ended
in a nasty lawsuit. Years later, he made a run at General Motors that
ended in disappointment.

Military Police Chief Says Armenians Must Be United

MILITARY POLICE CHIEF SAYS ARMENIANS MUST BE UNITED

ARMENPRESS
April 24, 2008

YEREVAN, APRIL 24, ARMENPRESS: "What happened in 1915 should become a
reason for us to make conclusions ," chief of the Armenian military
police, Vladimir Gasparian, told journalists today after paying
tribute to the Armenian genocide victims.

According to him, ‘the Armenian people must be united so that to be
able to resist its enemies and prevent what happened 93 years ago
from happening again,’ he said.

Grand Orient De France Calls For Recognition Of Armenian Genocide

GRAND ORIENT DE FRANCE CALLS FOR RECOGNITION OF ARMENIAN GENOCIDE

PanARMENIAN.Net
24.04.2008 18:44 GMT+04:00

/PanARMENIAN.Net/ Representatives of Grand Orient de France arrived
in Armenia to attend events in commemoration of the Armenian Genocide
in the Ottoman Empire in 1915.

"We condemn indifference and silence over the Genocide. People must
understand that committing a crime against others, they commit a
crime against themselves. We want people to know about the Genocide
and condemn the crime committed 93 years ago," said A.

Abbe.

The Lodge members said they cooperate with their counterparts in Turkey
and although no progress has been fixed in so far, their struggle is
not over.

The Grand Orient de France is an organization which is motivated by
two great principles which are apparently contradictory: the respect
for a tradition inherited from the founders of freemasonry and the
search for progress for the improvement of Men and Society.

Armenian Community Of Las Vegas Gives Memorial Plaque To Congresswom

ARMENIAN COMMUNITY OF LAS VEGAS GIVES MEMORIAL PLAQUE TO CONGRESSWOMAN SHELLEY BERKLEY FOR HER EFFORTS IN DIRECTION OF RECOGNITION OF ARMENIAN GENOCIDE

Noyan Tapan
April 24, 2008

LAS VEGAS, APRIL 24, ARMENIANS TODAY – NOYAN TAPAN. During the April 20
event dedicated to the 93rd anniversary of the Armenian Genocide, the
Armenian community of Las Vegas gave a memorial plaque to Congresswoman
Shelley Berkley for her tireless efforts aimed at recognizing in
Congress the Armenian Genocide of 1915. Receiving the memorial plaque,
Congresswoman Berkley said: "Being a Jew it is a shame to deny the
genocide of another nation, that is why I cannot deny what happened to
Armenians and will continue assisting the recognition of the Genocide."

Armenia To Consider Softening Law On Rallies

ARMENIA TO CONSIDER SOFTENING LAW ON RALLIES

Interfax
April 21 2008
Russia

The OSCE mission in Yerevan has issued a statement saying that Armenia
is ready to consider softening the law on public gatherings, rallies
and marches.

This possibility was discussed during a meeting between Armenian
Parliament Speaker Tigran Torosyan, Justice Minister Gevork Danielyan
and presidential aide Gevork Mgeryan, and delegates of the OSHR
(OSCE Office for Democratic Institutions and Human Rights) and the
Venice Commission of the Council of Europe.

The Armenia side agreed to change or annul disputed amendments to
the law on rallies, the statement says.

The amendments were introduced after the March 1 tragic events in
Yerevan when 10 people were killed and more than 250 were wounded in
clashes between opposition supporters and police.

New Government To Make Steps For The Goods Imported To Armenia Not T

NEW GOVERNMENT TO MAKE STEPS FOR THE GOODS IMPORTED TO ARMENIA NOT TO BE DECLARED BY CUT PRICES

arminfo
2008-04-23 14:48:00

ArmInfo. The new government will make certain steps for the goods
imported to Armenia not to be declared by cut prices, Chairman of State
Commission on Economic Competition Protection Ashot Shakhnazaryan
said today when replying to the question why flour price continues
growing whereas the imported wheat price still remains low.

‘Actually cheap wheat and the wheat registered as cheap is not the
same. We need coordinated actions of the government and State Customs
Committee to resolve the problem’, – Shakhnazaryan said and added that
it very much possible that putting the imported prices in order may
lead to raising in price of food products. ‘But in this case price
growing will at least under ontrol’, Shaknazaryan said.

Minister Nalbandian Meets With UNESCO Secretary General

MINISTER NALBANDIAN MEETS WITH UNESCO SECRETARY GENERAL

armradio.am
23.04.2008 12:38

During his visit to France RA Foreign Minister Edward Nalbandian met
with the Director General of UNESCO Koïchiro Matsuura. Mr. Matsuura
congratulated Edward Nalbandian on assuming office and expressed
hope that the close contacts and cooperation established in the past
will continue.

Issues connected with concrete actions in the fields of education,
culture and information and telecommunication within the framework of
the document on national programming of cooperation between Armenia
and UNESCO in 2008-2009 were discussed during the meeting.

Once again Edward Nalbandian drew the attention of the UNESCO
Secretary General to the necessity of the organization’s mediation
and support in protecting the Armenian historical and cultural
monuments outside Armenia’s borders, expressing deep concern over
the intentional destruction of Armenian khachkars in Nakhijevan,
and urging to undertake measures to denounce the cultural genocide
against the Armenian monuments in Jugha.

At the end of the meeting the Secretary General of UNESCO asked Edward
Nalbandian to convey his congratulations and wishes of success to
RA president.

–Boundary_(ID_ZMhYAavM4P75eiaM7Ixrhw) —

Saralanji Motorway Of Yerevan To Be Ready In August

SARALANJI MOTORWAY OF YEREVAN TO BE READY IN AUGUST

ARKA
April 22, 2008

YEREVAN, April 22. /ARKA/. The construction of the Saralanji motorway
in Yerevan, an AMD 6bln-worth ($19.3mln) project, will be completed
in the middle of this August, Edward Bezoyan, Director of office in
charge of implementation of Lincy-funded road construction programs,
told reporters.

$20.9mln will be spent on improvement of three main motorways in
Yerevan – Tigran Mets Avenue, Komitas Avenues and Saralanji motorway.

"Renovation of Tigran Mets Avenue was completed in November 2007, the
improvement of Komitas Avenue will be completed in July and "Saralanji"
motorway bypassing the capital’s centre connecting Avetisyan and
Heratsi streets will be put into operation in August," Bezoyan said.

Two of the three large transport hubs of "Saralanji" motorway are
ready. Construction is underway on the third hub connecting the
motorway to Mashtots Avenue and Heratsi Street where the tunnel
is located.

AMD 200mln (close to $600,000) were spent on the construction of the
first hub which will ensure an interrupted traffic between Liberty
Avenue, Abovyan Park and Teryan Street. The motorway will further
stretch to Yerevan Railway Station, thus the new motorway will relieve
the traffic in Tigran Mets Avenue allowing a connection of Khanjyan,
Tumanyan, Nalbandyana and Koryun streets to Komitas Avenue.

"Saralanji" motorway is a complex transport network aimed at relieving
the traffic in the centre of Yerevan. The total cost of the project
is $15mln. The project is financed by the Lincy Foundation.

The 2.5-kilometer-long motorway consists of a number of transport hubs
(four crossings, an overpass, a bridge and a tunnel).

The Lincy Foundation is financed by Armenian-American billionaire
Kirk Kerkorian. The first Lincy Foundation program implemented in
Armenia in 2001-2003 totalled $150mln.

A $60mln-worth second program is underway comprising three $20mln-worth
projects – road construction, improvement of Yerevan streets and
schools.

ANKARA: Constitutional Court Cases Are A Habit The CHP Can’t Quit

CONSTITUTIONAL COURT CASES ARE A HABIT THE CHP CAN’T QUIT
Ercan Yavuz

Today’s Zaman
April 21 2008
Turkey

Challenging nearly every law proposed by the governing Justice and
Development Party (AK Party) that passes in Parliament has become
a style of opposition for the Republican People’s Party (CHP), as
indicated by the number of applications the party has filed with the
Constitutional Court.

In the past five years of AK Party rule, the CHP — the main opposition
party in Parliament — has appealed to the Constitutional Court against
laws adopted by Parliament 120 times. Experts say the effective cost
of the CHP’s objections totals a stunning $100 billion. The CHP has
taken every single law vetoed in the term of former President Ahmet
Necdet Sezer to the Constitutional Court.

Among the laws the CHP has challenged at the Constitutional Court
is the law that allows for the sale of state land that has lost its
status as forest land, known as the "2B Law." The government expected
the state to make $25 billion from the sale of such land, but the CHP
has blocked it. The first passage of the Social Security Reform bill,
which attempts to fix Turkey’s social security deficit of $22 billion
a year, was taken to court by the CHP.

Other laws the CHP has blocked were not as financially significant,
but were nonetheless vital to the country’s democratization and
EU-harmonization process. In the past three years, the CHP has
harshly opposed passing EU-inspired democratic reforms and it has
challenged many such laws. The Constitutional Court has annulled some
EU harmonization laws after they were brought to the court by CHP
applications. These include the Foundations Law, which returns Turkey’s
non-Muslim religious minorities’ goods and property confiscated from
them forcefully and unjustly decades ago.

In the latest such move, the CHP announced that it would be challenging
proposed amendments to the infamous anti-free speech Article 301
of the Turkish Penal Code (TCK). The CHP has threatened to appeal
if a bill that would change the article passes. Article 301 is seen
as an obstacle to free speech by the EU and many rights groups. By
criminalizing insults to the ambiguous concept of "Turkishness,"
the article has been exploited by many nationalistic prosecutors
to charge writers and journalists for expressing opinions that run
against the official ideology of the state on matters such as the
Ottoman killings of Armenians during World War I, which Armenians
claim amounted to genocide; an allegation that Turkey strongly denies.

If the 301 amendment is rejected by the Constitutional Court, it will
deal a severe blow to Turkey-EU relations, observers say.

Among the recent bills annulled by the Constitutional Court that were
challenged by the CHP are new taxes to be introduced by the Finance
Ministry, a law on establishing nuclear power plants, a law to fight
illegal housing and a wiretapping law.

In May last year, the Constitutional Court annulled a presidential
election in Parliament after the CHP appealed against the first round
of the election, asserting that at least 367 deputies had to be present
for the voting for to be valid. Although such a rule had not affected
previous presidential elections, the top court went ahead and canceled
the election in a move that appeared to have been done to block the
presidency of the AK Party’s only candidate, Abdullah Gul, who was
later elected by a comfortable majority when the Nationalist Movement
Party (MHP), which entered Parliament after the general election of
July 22, 2007, supported AK Party candidate Gul’s nomination.

Politically motivated petitions

Most of the CHP’s petitions stem not from legal concerns, but
rather political concerns. During his term as president, Sezer, a
staunchly secular and nationalist former head of the Constitutional
Court, frequently vetoed the AK Party-proposed bills adopted in
Parliament. However, the president can only veto a proposal once. Every
proposal vetoed by Sezer would then be passed as-is in Parliament,
only to be challenged later by the CHP.

Speaking to Today’s Zaman, AK Party Deputy Chairman Dengir Mir
Mehmet Fırat claimed that Sezer’s vetoes had cost Turkey at least
$50 billion. "The vetoes of the 10th president [Sezer] cost Turkey
greatly, both economically and politically. I would dare to say that
at least $50 billion was lost because of Mr. Sezer’s attitude and
his suspicion toward every step taken by the government."

Fırat recalled that a row between Sezer and former Prime Minister
Bulent Ecevit sparked a major financial crisis in 2001, with $30
billion flying out of Turkey’s financial markets almost overnight. "The
loss incurred from the 2B Law is about $25 billion. You do the math to
see how great the loss is when other vetoes of his are added to this."

The CHP, which has made a tradition of bringing every single vetoed
law to the Constitutional Court, is most certainly also responsible
for the financial cost to the country.

Since the AK Party won a resounding victory in the general election
of July 22, the CHP has challenged seven laws and constitutional
amendments. These are: the amendment that removes a ban on the
Muslim headscarf on university campuses, the Foundations Law, a law
that would allow for the building of nuclear reactors, the witness
protection law, changes made to the law on prosecutors and judges,
and changes to the TCK.

–Boundary_(ID_fWse+99/lQkFonrbxle9Cg)–

Office Of Ombudsman Is Not Ready Yet

OFFICE OF OMBUDSMAN IS NOT READY YET

KarabakhOpen
22-04-2008 11:43:17

The first ombudsman of NKR Yuri Hairapetyan is a member of parliament
elected on the Democratic ticket. According to the regulations, the
ombudsman must abdicate his mandate. He will be replaced by the next
candidate on the Democratic ticket, whose name is not known yet.

Yuri Hairapetyan told us that the office of the ombudsman will be
ready in 10 days.