Word: rothschild
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Dates: during 2000-2009
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...House of Lords as Baron Mandelson of Foy and Hartlepool to serve as Business Secretary. Sharing top billing is George Osborne, the Conservative Party's azure-blooded Shadow Chancellor, a cherub-cheeked 37-year-old son of a Baronet. Their interactions with each other and with Nathaniel Rothschild, scion of the eponymous banking dynasty, and Rothschild's friend and business associate Oleg Deripaska, a reclusive oligarch routinely described as Russia's wealthiest man, took place aboard Deripaska's super-yacht and in other opulent Adriatic locations over a long weekend in August. Throw in cameo appearances by Rupert Murdoch...
...Osborne, born to affluence that might have been expected to inoculate him against the glint of gold, hardly seems immune himself. Five weeks before his speech to the Conservative conference, he had enjoyed the hospitality of Rothschild, an old university chum, in Corfu and attended, with Mandelson and a heady mix of the powerful and the outrageously loaded, Elisabeth Murdoch's 40th birthday dinner on the island. That's exactly the sort of high life former Prime Minister Tony Blair notoriously enjoyed during his tenure in Downing Street. Blair's vacations with well-heeled new best friends, from Italian media...
...leak also awakened interest in Mandelson's dealings with Deripaska, a controversial figure whose multi-entry visa to the U.S. was revoked by the State Department in 2006. Mandelson and Deripaska have known each other for several years. Although invited to Corfu by his close friend Rothschild, Mandelson stayed on the oligarch's yacht because Rothschild's villa was full. In his E.U. post, Mandelson was theoretically in a position to assist the Russian's business interests. He angrily denied any impropriety in an interview with the BBC. "There has been innuendo in the newspapers that I gave favors...
...money is to politicians what kryptonite is to Superman, but Mandelson was given the antidote to his latest exposure by Rothschild. In a startling intervention, Rothschild sent a letter to the Times of London newspaper that instantly moved attention away from Mandelson's links with Deripaska and onto the hapless Osborne. According to Rothschild, Osborne and Andrew Feldman, the chief executive of the Tory party, had met with Deripaska and had discussed with him a possible donation to Conservative coffers...
...moment, Osborne and his colleagues are left scratching, but fleas have a habit of jumping and in recent days some reporters have turned their attention to the ties that bind Rothschild and Deripaska and to the impact of the credit crunch on their business interests. Rothschild explained in his Times letter that he was moved to intervene because of Osborne's original indiscretion in telling a journalist about his private conversation with Mandelson. "It ill behoves all political parties to try and make capital at the expense of another in such circumstances. Perhaps in future it would be better...