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EducateWorthington.org

The 912 Project - Glenn Beck

912 Group of Central Ohio

Please let me know if you'd like your link added

International Economic Boycott Bites

Tehran, 6 March
(AKI)

Iran's hardline president Mahmoud Ahmadinejad has dismissed fresh UN Security Council sanctions imposed on his country this week over its nuclear programme as "waste paper". But the various measures are bringing the Iranian economy to its knees.

An ever growing number of foreign banks have severed ties with Tehran, denying credit letters to companies that do business with Iran. The countries include China, which has until now taken a lenient approach to Iran's uranium enrichment programme.

At the beginning of the year, the four main Chinese banks, which number among Iran's principal commercial partners, decided to freeze relations with Iranian firms, losing deals worth millions of dollars.

Iran's car industry has been the first to feel the effects of the Chinese move. "The boycott put in place by Chinese banks has scuppered a deal that we were due to sign with the Chinese automobile industry," Manoucher Mantechi, managing director of Iran's main car manufacturing group, Iran Khodro, said in February.

The deal, which China pulled out of, would have brought 300 million euros of Chinese capital into Iran. Another deal, between Iran's Pars Oil and Gas company and its Chinese counterpart was due to be signed on 27 February, but the Chinese delegation failed to show up.

Banks in Malaysia and Singapore have decided to halt all commercial dealings with Iran, while in Europe the measures adopted by various governments appear in some cases to be harsher than the UN sanctions.

complete article

Interesting video.  The last two minutes reverses the roles U.S.:Iran

<a href="http://www.youtube.com/v/fy3KDYE5KQE&rel=0" target="_blank">http://www.youtube.com/v/fy3KDYE5KQE&rel=0</a>