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To: browardchad
(He died in 1987, the same year O decided to apply to law schools.)

So is it possible that Bo got some inheritance from his step father?

9,480 posted on 08/16/2009 2:03:56 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: hoosiermama
So is it possible that Bo got some inheritance from his step father?

You decide.

Dreams from my Father, Pages 45-46: 

"Power. The word fixed in my mother’s mind like a curse. In  America, it had generally remained hidden from view until you dug beneath the surface of things; until you visited an Indian reservation or spoke to a black person whose trust you had earned. But here power was undisguised,  indiscriminate, naked, always fresh in the memory. Power had taken Lolo and yanked him back into line just when he thought  he’d escaped, making him feel its weight, letting him know that his life wasn’t his own. That’s how things were; you  couldn’t change it, you could just live by the rules, so simple once you learned them. And so Lolo had made his peace with power, learned the wisdom of forgetting; just as his brother-in-law had done, making millions as a high official in the national oil company; just as another brother had tried to do, only he had miscalculated and was now reduced to stealing pieces of silverware whenever he came for a visit, selling them later for loose cigarettes."

 

 "lolo Soetoro is Mangunharjo army colonel who also have an important position in the Pertamina employees."

 

William H. Frederick and Robert L. Worden, editors. Indonesia: A Country Study. Washington: GPO for the Library of Congress, 1993.

"The State and Economic Development"

Reflecting OPEC's pricing policies, the state's income from oil, channelled through the state-owned enterprise Pertamina (the National Oil and Natural Gas Mining Company), increased 4,000 percent between the FY 1968 and FY 1985...

But the oil boom also provided new opportunities for corruption. Pertamina was established in 1968 as a merger of Permina and two other firms. Its director, General Ibnu Sutowo, a hardy survivor of  the transition from Guided Democracy to New Order who had been director of Permina, embarked on an ambitious investment program that included purchase of oil tankers and construction of  P.T. Krakatau, a steel complex. In the mid-1970s, however, it was discovered that he had brought the firm to the brink of bankruptcy and accrued a debt totaling US$10 billion. In 1976 he was forced to resign, but his activities had severely damaged the credibility of Indonesian economic policy in the eyes of foreign creditors.

The Pertamina affair revealed the problems of what Australian economist Richard Robison, in a 1978 article, called Indonesia's system of "bureaucratic capitalism": a system based on "patrimonial bureaucratic authority" in which powerful public figures, especially in the military, gained control of potentially lucrative offices and used them as personal fiefs or appanages, almost in the style of precolonial Javanese rulers, not only to build private economic empires but also to consolidate and enhance their political power. Because Indonesia lacked an indigenous class of entrepreneurs, large-scale enterprises were organized either through the action of the state (Pertamina, for example), by ethnic Chinese capitalists (known in Indonesia as cukong), or, quite often, a cooperative relationship of the two.

Through the 1970s and 1980s, Indonesia's pervasive corruption became a political issue that the New Order state could not entirely muffle. In January 1974, the visit of Japanese prime minister Tanaka Kakuei sparked rioting by students and urban poor in Jakarta. Ostensibly fueled by resentment of Japanese exploitation of Indonesia's economy, the so-called "Malari Affair" also expressed popular resentment against bureaucratic capitalists and their cukong associates. During the 1980s, the ties between Suharto and Chinese entrepreneur Liem Sioe Liong, one of the world's richest men, generated considerable controversy. The Liem business conglomerate was in a favored position to win lucrative government contracts at the expense of competitors lacking presidential ties. Import licenses were another generator of profits for well-connected businessmen. The licensing system had been established to reduce dependence on imports, but in fact it created a high-priced, protected sub-economy that amply rewarded license holders but reduced economic efficiency. By 1986 licenses were required for as many as 1,500 items. Foreign journals also published reports concerning the rapidly growing business interests of Suharto's children.

9,492 posted on 08/16/2009 3:14:01 PM PDT by browardchad
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