English version In 2009, Olam market value collapsed, and its market share was valued at zero, worthless. A company by the name of Muddy Waters declared that Olam was heading toward bankruptcy. To keep Olam solvent, Singapore’ sovereign fund Tomasek, had to rescue them; but Olam knew they needed to bring in new sources of revenue. To do that, targeted Africa. Olam came to Gabon, linked itself with the Ali Bongo’s regime and made Ali Bongo’ son the second in charge at Olam Gabon. For every project that Olam started in Gabon, the country took huge loan that were funneled to Olam. For one such project, the building of a fertilizer plan in Port-Gentil by Olam, Gabon took out a 750 billion CFA francs loan that went 100% to Olam. The problem? The factory was never built. Who is left to repay the loan? The Gabonese people. Once Olam had established itself in Gabon and that all the money had been received from the Gabonese government, Gagan Gupta wanted to prevent Olam from ...
English version Address given by Mr Alexander SOLZHENITSYN at Harvard University, on 8 June 1978. Speech given by Alexander Solzhenitsyn, Nobel Prize in Literature (1970) at Harvard on June 8, 1978. He then condemned both economic systems - communism and capitalism. Above all, he denounced the spiritual fall of civilization. I am sincerely happy to be here on the occasion of the 327th commencement of this old and most prestigious university. My congratulations and very best wishes to all of today's graduates. Harvard's motto is "VERITAS." Many of you have already found out, and others will find out in the course of their lives, that truth eludes us if we do not concentrate our attention totally on it's pursuit. But even while it eludes us, the illusion of knowing it still lingers and leads to many misunderstandings. Also, truth seldom is pleasant; it is almost invariably bitter. There is some bitterness in m...
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