Traipefest 2010 Jan. 25

The spellings of this annual community event may vary, but year after year the message remains the same. The annual Treipenfest (aka Tripenfest, Tripefest, Traipenfest and Traipfest) in Rollingstone means socializing with friends and enjoying plates of delicious food, including specially-seasoned traipen.
It is a yearly gathering that is produced through the collaboration and hard work of an intergenerational group -- families and friends of different professions, ages, and national backgrounds, most from Rollingstone, Oak Ridge, Altura, Lewiston, Minneiska and Winona; a few from St. Paul, La Crosse and the Milwaukee area. Many of those who plan the event and prepare the food are descendents of immigrants from Luxembourg, where traipen (a type of blood sausage) has been made for centuries.

Cooking and then sharing a hearty winter meal has been part of the history of many Winona County immigrant groups. However, the making of Luxembourger traipen is a remarkably long-standing tradition. The custom arrived in Winona County in the mid 1800s with the first settlers from the Grand Duchy.

The celebration of traipen at a yearly public Festival also has had a long history. “Fests” have been organized in Winona County for more than a century, with interruptions during the World Wars. Around the turn of the last century, Winona’s Luxembourg Society organized a “Treipen” evening. Many from Rollingstone and other towns attended. In the 1920s, Rollingstone began to advertise its own “Tripefeste.” However, these Festivals came to a halt during World War II, and were not resumed for more than a generation. In 1988, a group of Rollingstone area citizens decided to re-constitute their local Luxembourg Society, establish a Sister City agreement with Bertrange, Luxembourg, open the Luxembourg Heritage Museum, and reinvigorate the tradition of winter “Treipenfest.” Thus, while this year’s gathering is being advertised as the “twenty-second annual,” its history is much older than that.

The completion of the traipen-making was cause for celebration. With the pantry filled with meat, the family could relax and enjoy a large meal that featured home-grown potatoes, vegetables, breads, desserts, and, of course, the traipen. It was always seasoned according to a secret family formula, using “Bounekraitchen,” a type of summer savory still grown in the gardens of many Rollingstone residents.

The Fest sometimes also featured a dance -- all of this merriment tied to the celebration of “Fusicht,” the traditional Luxembourger “Carnival.” These festive events had to be completed before the beginning of Lent, a more somber season filled with prayer, much simpler meals, abstinence from drinking and meat, and occasional fasting.

The 2010 Traipefest will be held on Monday, January 25th, at Ginny’s Supper Club, 401 Rolling View Drive, Rollingstone, with servings at 5 pm and 7 pm—and door prizes. Seating is limited, so all are urged to order tickets without delay. For reservations, call Dorothy Stoos at (507) 689-2139 or Ginny Lehnertz at (507) 689-2111. Take-outs are available.

Source:winonapost.com/

UAE's Dubai, Luxembourg aim to cooperate in financial services

DUBAI, Jan. 12 (Xinhua) -- Luxembourg's Crown Prince Guillaume Tuesday attended the signing of a Memorandum of Understanding (MoU)between his country and the Dubai International Financial Center (DIFC).

Home of 249 regional and international banks, insurers and asset managers, the DIFC has decided to cooperate in the future with Luxembourg in various fields including market access, financial regulations and infrastructure, training, and industry development for firms located in the two jurisdictions, according to the MoU.

Joined at the signing ceremony by a senior finance delegation which is currently visiting the United Arab Emirates (UAE), Crown Prince Guillaume encouraged firms from Dubai to do business in Luxembourg.

"The world's largest satellite operator company, SES Global, is based in Luxembourg and various Internet sales providers like Amazon, Skype and Ebay equally have chosen Luxembourg as their European headquarters," he said in a speech addressing the DIFC Authority, led by DIFC governor Ahemd Humaid Al Tayer.

Al Tayer welcomed the MoU with Luxembourg. "Luxembourg's uniqueness and strategic location in the center of Europe makes it a natural partner for the UAE which itself enjoys a key location in the Middle East," he said.

He also stressed that the UAE, of which Dubai is considered the city of finance, has taken effective measures to tackle the financial crisis.

"Some of the major policy measures taken by the UAE included a guarantee of all deposits by the Central Bank, the setting up of a50-billion-dirham (about 13.6 billion U.S. dollars) emergency liquidity facility, and the deposit of 70 billion dirhams in local banks by the government," he said.

Luxembourg has a tradition as a financial center in Europe and is specialized on the investment funds industry in particular. With lower tax rates than in neighboring France and Germany, it attracts capital as well as residents from both countries, which are member states of the European Union (EU) as Luxembourg is.

The country, which has a total population of only half a million people, is the second largest investment fund center in the world and the Eurozone's premier hub for private banking.

Its 148 banks contribute 38 percent to the country's GDP. Some 3,450 investment funds are registered in the tiny state, overseeing around 2 trillion euros (about 2.9 trillion dollars) under management. However, banks' cumulated balance sheet shrank by 19 percent in 2009 as a result of the global financial crisis.

With the MoU with Dubai, they hope to get better access to the Middle East, where private wealth is estimated at around 3 trillion dollars.

Source:xinhuanet.com/

Thank you, Dubai

Your obnoxious adherence to the Arab boycott made Chanukah come early for the Israelis.
Lyon Roth
Dear Dubai,

On behalf of many, I would like to say shukran iktir (thanks a lot). Thanks to your longstanding adherence to the Arab boycott, dozens of Israeli investors and entrepreneurs got their Chanukah present a couple of weeks early this year. Admittedly, this was an unconventional gift from an entirely unexpected source, but Israelis were completely spared the carnage precipitated by the Dubai debacle disclosed last week.

Rest assured that, given the chance, Israelis would have aggressively pursued investment opportunities in the region. Isolated for years, they have become among the most globally active entrepreneurs, seeking practically any market that will agree to work with them. Historically, that meant traveling great distances. When a Frenchman wants to export something locally, he can get in his car and drive to any of eight countries: Belgium, Luxembourg, Germany, Switzerland, Italy, Monaco, Andorra or Spain. An Argentinian can drive to five: Chile, Bolivia, Paraguay, Brazil or Uruguay. There is only one place an export-oriented Israeli businessman can drive to: Ben Gurion Airport. Due to the Arab boycott, regional trade has never been an option and Israel’s closest geographic neighbors may just as well have been on Mars.

No peace payoff

Your application of the Arab boycott is neither original nor unique. Arab boycotts of Jewish interests started as early as 1922. A formal boycott was declared by the newly formed Arab League Council on December 2, 1945, two and half years before the creation of the modern State of Israel. It applied to "all Jewish and Zionist products." The boycott evolved after 1948, and intensified following the Yom Kippur war in 1973. Essentially, it has three components: (1) the primary boycott, which prohibits direct trade between Israel and the Arab nations; (2) the secondary boycott, directed against companies that do business with Israel; and (3) the tertiary boycott that blacklists firms that trade with other companies that do business with Israel. The latter two components have been somewhat relaxed since the Oslo accords in 1993 and the peace treaty with Jordan in 1994. That year also marked the launch of the World Economic Forum’s Middle East North Africa business summits, in which many of your countrymen participated.

Patterned after the famous annual gatherings held in Davos, these were the first formal engagements between Israeli and Arab business leaders. As expected, Israeli participants, including Prime Minister Yitzhak Rabin and Foreign Minister Shimon Peres, were tripping all over each other to meet potential Arab business partners who, for the most part, seemed overwhelmed and uncomfortable. Very few deals were consummated, and those that were received harsh condemnation in the Arab world for being premature.

The next year, in Amman, Israelis showed up with a list of 218 proposed projects worth $25 billion. As can be imagined, almost all were ignored. Moreover, the $5 billion regional bank that was agreed was never established. The Egyptians hosted the following year, and the last of these conferences was held in Doha, Qatar in 1997.

As a participant, I can attest that a lot of pressure was applied, directly and indirectly, by the Americans as well as EU countries, to end the Arab boycott entirely. These efforts failed. However, the summits did provide an opportunity to meet, learn from, and develop relationships with potential partners who, hopefully, would be more forthcoming in a more private forum.

Politics prevails

In the 1990s, I was working for Koor Industries. It was Israel’s largest conglomerate with over 50 subsidiaries, employing 35,000 people and representing 7% of the country's industrialized economy. Following each of the three World Economic Forum conferences I attended, I traveled throughout the region (with a Canadian passport) to see whether Koor’s extensive menu could provide a platform for joint venture activities with Arab interlocutors, especially within the Persian Gulf. I visited each of the six GCC (Gulf Cooperation Council) countries (Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman) at least once and was in your city, Dubai, four times. Everyone I met was courteous and curious. But, at the end of the day, the political obstacles were insurmountable.

It is worth recalling that in 1997, oil was trading at about $10-12 a barrel, and these countries were under enormous pressure to accelerate economic diversification. Perhaps because you in Dubai had already almost run out of oil, you were substantially ahead of your neighbors in almost every other industry. Major real estate construction projects punctuated the expanding skyline and the unquenchable thirst for record-breaking trophies was visible all over the city. You developed a thriving diamond industry, a financial center, and a burgeoning tourism and entertainment complex that was a playground for the wealthy within the region and beyond. Flying to and from Riyadh through Dubai was an incredible study in contrasts. In Dubai, women wore western clothes, worked in offices and drove cars. The mega-wealthy would fly in and out just to purchase luxury goods from the largest duty-free zone in the world.

Over the next ten years, as oil soared towards a peak price of $147 per barrel, the Arab elite became increasingly wealthier and your town became their favorite place to show off their wealth. Major neighborhoods were built on man-made islands offshore, contractors were outdoing each other to construct the next Tower of Babel and a city that never came within 20 degrees of a snowy day now offers visitors year-round skiing - indoors! Nothing was too expensive because the petrodollar flow was destined to last forever. One or two Israeli real estate tycoons who have partnered with Saudi businessman on other projects are rumored to be “silent partners” in some Dubai projects as well. Yet you generally adhered to the Arab boycott and remain extremely reluctant to embrace meaningful partnerships with Israeli companies.

There is an old joke about the Jew who prefers to read Arab newspapers because instead of reading about Jews being persecuted, Israel being attacked, Jews disappearing through assimilation, and Jews living in poverty, he can now read how Jews own all the banks, Jews control the media, Jews are all rich and powerful, and Jews rule the world. One world Jews don’t own any part of is Dubai World, the sovereign wealth fund that is now teetering on the brink of insolvency, struggling to restructure nearly $60 billion in debt. This has already had significant repercussions for numerous entities within the region and many countries around the world. Except Israel. So as we approach Chanukah, let me say once again, shukran Iktir. And a'id sa’id (happy holiday).

Source:globes.co.il