President's uncle shares Bush family ties to ChinaBy Debbie Howlett, USA TODAY
AP
Prescott Bush
CHICAGO — When President Bush arrives in Beijing on Thursday, he'll embrace a policy that's something of a family tradition.
Bush's approach centers on promoting U.S.-China economic ties. That's a course favored not only by his father, the first President Bush, but also by his uncle, Prescott Bush Jr., a longtime acquaintance of Chinese President Jiang Zemin.
The Bush family's ties to China go back to 1974, when President Nixon named George Bush ambassador to China. The college-age George W. Bush spent two months in China visiting his parents during his father's two-year stint.
Seven years after his brother left the ambassadorial post, Prescott Bush made his first trip to China. He later joined with Japanese partners in 1988 to build a golf course in Shanghai, the first in China. He met Jiang, who was then the mayor of Shanghai.
Prescott Bush, now 79, also developed a close working relationship with Rong Yiren, a former trade minister and vice president, who in 1993 introduced Bush to a group of Chinese business leaders as "an old friend." In 2000, Forbes publications reported that Rong, who has retired from government, was the richest man in China.
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http://www.usatoday.com/news/washington/2002/02/19/usat-prescott-bush.htmSmall world for the connected. He seems to like Japanese mobsters, too, as well as their methodology: Turn ill-gotten loot into cold, hard, clean cash.
The Yakuza in Business and PoliticsEXERPT...
There is another yakuza incident that hits closer to home. West Tsusho, a Tokyo-based real estate firm, bought two American companies with help from none other than Prescott Bush, Jr. - President Bush's elder brother....
West Tsusho is an arm of a company run by the Inagawa-kai's leader, Ishii Susumu. . . . Tsusho purchased Quantum Access, a Houston-based software firm, and Asset Management International Financing & Settlement, a New York City-based company. . . .
With the anti-yakuza countermeasure act in place, the future for the yakuza seems bleak, at least in Japan.
The North American expansion could do very well, as they channel nearly $10 billion into legitimate investments not only in the US, but in Europe as well.
SOURCE:
http://www.the-catbird-seat.net/YAKUZA.htm