May 20

Was Columbus Jewish?


Christopher Columbus bids farewell to his son Diego at Palos, Spain, before embarking on his first voyage on August 3, 1492.

Editor’s note: Charles Garcia is the CEO of Garcia Trujillo, a business focused on the Hispanic market, and the author of “Leadership Lessons of the White House Fellows.” A native of Panama, he now lives in Florida. Follow him on Twitter: @charlespgarcia. Lea este artículo en español/Read this article in Spanish.

(CNN) — Today marks the 508th anniversary of the death of Christopher Columbus.

Everybody knows the story of Columbus, right? He was an Italian explorer from Genoa who set sail in 1492 to enrich the Spanish monarchs with gold and spices from the orient. Not quite.

For too long, scholars have ignored Columbus’s grand passion: the quest to liberate Jerusalem from the Muslims.

Charles Garcia

During Columbus’s lifetime, Jews became the target of fanatical religious persecution. On March 31, 1492, King Ferdinand and Queen Isabella proclaimed that all Jews were to be expelled from Spain. The edict especially targeted the 800,000 Jews who had never converted, and gave them four months to pack up and get out.

The Jews who were forced to renounce Judaism and embrace Catholicism were known as “Conversos,” or converts. There were also those who feigned conversion, practicing Catholicism outwardly while covertly practicing Judaism, the so-called “Marranos,” or swine.

Tens of thousands of Marranos were tortured by the Spanish Inquisition. They were pressured to offer names of friends and family members, who were ultimately paraded in front of crowds, tied to stakes and burned alive. Their land and personal possessions were then divvied up by the church and crown.

Recently, a number of Spanish scholars, such as Jose Erugo, Celso Garcia de la Riega, Otero Sanchez and Nicholas Dias Perez, have concluded that Columbus was a Marrano, whose survival depended upon the suppression of all evidence of his Jewish background in face of the brutal, systematic ethnic cleansing.

Columbus, who was known in Spain as Cristóbal Colón and didn’t speak Italian, signed his last will and testament on May 19, 1506, and made five curious — and revealing — provisions.

Two of his wishes — tithe one-tenth of his income to the poor and provide an anonymous dowry for poor girls — are part of Jewish customs. He also decreed to give money to a Jew who lived at the entrance of the Lisbon Jewish Quarter.

On those documents, Columbus used a triangular signature of dots and letters that resembled inscriptions found on gravestones of Jewish cemeteries in Spain. He ordered his heirs to use the signature in perpetuity.

According to British historian Cecil Roth’s “The History of the Marranos,” the anagram was a cryptic substitute for the Kaddish, a prayer recited in the synagogue by mourners after the death of a close relative. Thus, Columbus’s subterfuge allowed his sons to say Kaddish for their crypto-Jewish father when he died. Finally, Columbus left money to support the crusade he hoped his successors would take up to liberate the Holy Land.

Estelle Irizarry, a linguistics professor at Georgetown University, has analyzed the language and syntax of hundreds of handwritten letters, diaries and documents of Columbus and concluded that the explorer’s primary written and spoken language was Castilian Spanish. Irizarry explains that 15th-century Castilian Spanish was the “Yiddish” of Spanish Jewry, known as “Ladino.” At the top left-hand corner of all but one of the 13 letters written by Columbus to his son Diego contained the handwritten Hebrew letters bet-hei, meaning b’ezrat Hashem (with God’s help). Observant Jews have for centuries customarily added this blessing to their letters. No letters to outsiders bear this mark, and the one letter to Diego in which this was omitted was one meant for King Ferdinand.

In Simon Weisenthal’s book, “Sails of Hope,” he argues that Columbus’s voyage was motivated by a desire to find a safe haven for the Jews in light of their expulsion from Spain. Likewise, Carol Delaney, a cultural anthropologist at Stanford University, concludes that Columbus was a deeply religious man whose purpose was to sail to Asia to obtain gold in order to finance a crusade to take back Jerusalem and rebuild the Jews’ holy Temple.

In Columbus’s day, Jews widely believed that Jerusalem had to be liberated and the Temple rebuilt for the Messiah to return.

Scholars point to the date on which Columbus set sail as further evidence of his true motives. He was originally going to sail on August 2, 1492, a day that happened to coincide with the Jewish holiday of Tisha B’Av, marking the destruction of the First and Second Holy Temples of Jerusalem. Columbus postponed this original sail date by one day to avoid embarking on the holiday, which would have been considered by Jews to be an unlucky day to set sail. (Coincidentally or significantly, the day he set forth was the very day that Jews were, by law, given the choice of converting, leaving Spain, or being killed.)

Columbus’s voyage was not, as is commonly believed, funded by the deep pockets of Queen Isabella, but rather by two Jewish Conversos and another prominent Jew. Louis de Santangel and Gabriel Sanchez advanced an interest free loan of 17,000 ducats from their own pockets to help pay for the voyage, as did Don Isaac Abrabanel, rabbi and Jewish statesman.

Indeed, the first two letters Columbus sent back from his journey were not to Ferdinand and Isabella, but to Santangel and Sanchez, thanking them for their support and telling them what he had found.

The evidence seem to bear out a far more complicated picture of the man for whom our nation now celebrates a national holiday and has named its capital.

As we witness bloodshed the world over in the name of religious freedom, it is valuable to take another look at the man who sailed the seas in search of such freedoms — landing in a place that would eventually come to hold such an ideal at its very core.

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The opinions expressed in this commentary are solely those of Charles P. Garcia.






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May 20

Durant’s three lifts Thunder past Lakers

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May 20

Stewart Mandel: SEC, Big 12 use bowl game deal, dubbed ‘Rose Bowl East,’ to gain leverage in BCS 2.0


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The Cotton Bowl would be a logical contender for the new SEC-Big 12 bowl, but the leagues might prefer to create a new game entirely.

With a four-team playoff now imminent and the face of college football’s postseason about to undergo a reconstructive makeover, the SEC and Big 12 made a bold statement Friday, proving they’ll most definitely be at the center of it. While the Big Ten and Pac-12 continue their long-standing alliance with the Rose Bowl, their power-conference counterparts are essentially starting their own Rose Bowl.

In a press release touting an agreement to pit their leagues’ champions in a New Year’s Day bowl beginning in January 2015, the SEC and Big 12 dubbed themselves the kings of the BCS era, having both placed teams in the final top four 11 times in the system’s 14-year history. Now, they’re about to use that track record as leverage in BCS 2.0. In a sign of the bowls’ rapidly declining clout, SEC commissioner Mike Slive proclaimed, “A new January bowl tradition is born,” and Big 12 acting commissioner Chuck Neinas touted “a New Year’s Day primetime tradition,” before actually signing a deal with any bowl or television network.

Most of the details (chiefly, where the game will be played) are still to be determined, but the ramifications of the leagues’ partnership are vast. Start with the fact that to this point in the playoff discussions, the Big Ten and Pac-12 seemed to hold the most cards due to the unique partnership between them and the Rose Bowl. Much grumbling arose earlier this week when Big Ten athletic directors publicly backed off their earlier support to hold playoff games at on-campus sites, presumably because of the belief that it would hurt the Rose Bowl.

In reality, the league simply realized it was in the minority on that issue. The SEC in particular has been adamant about playing all playoff games at neutral sites, despite the fact that there seems to be almost no comparable sentimentality in that league toward its own long-standing partner, the Sugar Bowl. Similarly, Big 12 fans have long seemed indifferent toward the Fiesta Bowl, which is neither the traditional destination of the Texas schools (Cotton) nor Oklahoma schools (Orange).

Now, those two leagues truly have a vested interest in a particular bowl game, first and foremost because they currently control it. Which means all remaining playoff debates — be it about host sites, conference champions, selection committees or what not — will be a turf war between two factions. Note: They’re not the ACC and Big East.

Based on public and private comments about the proposals being considered, it seems increasingly certain that the semifinal games will be played within the bowl system rather than on campus. Following the BCS commissioners’ meeting in late April, the most popular plan involved the No. 1 and 2 teams hosting the No. 3 and 4 teams at their conferences’ respective anchor bowls. But that was based in part on the assumption that the leagues would maintain their current partners. “This could change things,” a high-level BCS source said of the SEC-Big 12 announcement.

Will the SEC and Big 12 push for this new bowl to serve as their designated semifinal host? If so, will the other conferences fight against it, seeing as those leagues have produced a No. 1 or 2 team nine straight years? Or do the SEC and Big 12 envision the game more as a comfortable backup should one of their champions fail to reach the playoff?

Friday’s release left things intentionally vague, saying: “The champions of the two conferences will be in the matchup unless one or both are selected to play in the new four-team [playoff]. Should that occur, another deserving team from the conference(s) would be selected for the game.” If that’s the case, we could see a move toward rotating the semifinal sites annually on a predetermined basis.

One thing’s for certain: It’s going to be a trying and nerve-racking year for the current BCS bowls. The conferences are expected to announce their chosen playoff format in late June or early July. Whichever one they choose, they’ll do so before beginning negotiations with specific bowls. The Rose Bowl is its own animal. It will do whatever best suits the Big Ten and Pac-12. But now, none of the other current games — Fiesta, Sugar and Orange — are guaranteed anything.

Neinas strongly hinted that the SEC and Big 12 will open up the bidding for their new game to any interested party with a deep enough wallet. It’s reasonable to assume that includes Jerryworld in Dallas, but it may not even be an existing bowl. It could be some other geographically sensible city (Houston, San Antonio, etc.). It could rotate. The conferences could theoretically start and operate the game themselves, thus retaining all the revenue, though more realistically they’ll simply work out a more favorable distribution agreement with an existing organization.

Having said that, the potential host cities have a decision to make. The commissioners have made it clear they’re moving away from double hosting, and that the championship game will be bid out nationally. As much as it makes sense geographically for the Cotton Bowl to host the Big 12-SEC game, Mr. Jones may be more interested in throwing his cash at the title game. The Cotton and other bowls may still open their war chests for a shot to regularly host the semifinals, and if in fact the new Big 12-SEC bowl will serve as a de facto host, it could engender a massive bidding war.

If, on the other hand, the game is independent of the playoff … well, as Berry Tramel of The Oklahoman noted, it won’t be much different from the current Cotton Bowl, a game that frequently pits the leagues’ runners-up (or worse). Certainly, this new bowl will be marketed as something more glamorous.

As previously reported, BCS 2.0 will likely be a multigame television package centered around New Year’s Day and restricted to teams that meet a certain ranking. But a game like the recently beleaguered Orange Bowl will have to decide whether it’s willing to pony up for another go-around with the ACC’s champion, or whether it makes more sense to drop down and simply host a Capital One-type game between modestly ranked brand names.

Either way, BCS 2.0 will no longer require six games, as previously reported. With the SEC and Big 12 partnering up, it will need at most five if the anchor bowls serve as semifinals (Big Ten-Pac-12, SEC-Big 12, ACC and two open spots).

In reality, with this latest consolidation of conference power, two bowls will now trump all the others: Rose Bowl West and Rose Bowl East.

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May 20

Stocks: Storm clouds continue to gather over Greece

SP 500

The SP 500 has tumbled more than 7% in May already, and is on track for its worst monthly performance since May 2010, the month when investors were shaken by the Flash Crash.

NEW YORK (CNNMoney) — Facebook is finally public, but that won’t solve Greece’s problems.

Investors are likely to continue to bail out of stocks and continue the move into U.S. Treasuries and gold in search of safety as doubts over Greece’s future in the eurozone continue to build.

Elections in Greece earlier this month failed to form a coalition government, and now the debt-laden country is under a caretaker government until the next election in June, which experts say will serve as a referendum on whether Greece stays in the eurozone.

Syriza, a coalition of leftist parties, is currently leading the polls. Syriza has vowed to fight austerity measures that are a condition for Greece to get the €130 billion bailout agreed to in March.

“If the pro-euro major parties fail to muster enough support to form a coalition and the radical left Syriza party and other anti-euro, anti-austerity parties secure a majority, the risk of a disorderly Greek exit from the Euro increases and could roil markets,” said John Praveen, chief investment strategist at Prudential International Investments Advisers.

Though a Greek exit would pressure market, the greater fear is what it might mean for the rest of Europe, especially Spain.

While U.S. banks have cut two-thirds of their Greek debt exposure of the past two years, they have not necessarily had the same time to discount a blowup of Spain, said Kathy Lien, director of currency research at Global Forex Trading.

As investors continue to keep a close eye on the region for developments, increased uncertainty in the eurozone will likely boost demand for safe haven investments, Praveen said.

Last week, as U.S. stocks clocked their worst weekly losses of the year, investors rushed into U.S. government debt, sending the 10-year Treasury yield down to 1.71%, the lowest closing level on record. As investors continue to seek safety in Treasuries, the 10-year could move past its intraday record low of 1.671%, hit on Sept. 23, 2011.

Though the U.S. economic calendar is light next week, investors will also be taking cues for the latest reports on the housing markets. The weekly jobless claims number will also be in focus, as well as the final reading on consumer confidence for May from the University of Michigan.

On the corporate front, Facebook’s (FB) first full week on the stock market will be watched closely. The social media giant’s debut was highly anticipated, but shares ended just 0.6% above their offering price on the first day of trading.

Though a bulk of U.S. companies have reported quarterly earnings, a few major companies are on deck to open their books, including PC makers HP (HPQ, Fortune 500) and Dell (DELL, Fortune 500).  To top of page

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May 20

Ex-Goldman director Rajat Gupta set for insider trading trial

Former Goldman Sachs board member Raj Gupta goes in trial Monday in the highest-profile case yet in the government's insider trading crackdown.

Rajat Gupta leaves a Manhattan court after he surrendered to federal authorities in New York last October.

NEW YORK (CNNMoney) — Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey Co. Now, he’s the biggest target yet in the government’s sprawling insider trading crackdown.

Gupta will face trial in New York Monday in a case that will feature evidence from the highest levels of Corporate America. On the list of potential witnesses are investment guru Warren Buffett, celebrity analyst Meredith Whitney, Goldman (GS, Fortune 500) CEO Lloyd Blankfein and HP (HPQ, Fortune 500) CEO Meg Whitman.

“This is such a high-profile individual,” said Jeff Ifrah, a white-collar defense lawyer based in Washington, DC. “To the extent that anyone wasn’t aware before that the government was taking this stuff seriously, it’s kind of hard to believe that they wouldn’t be now.”

The case is part of a wave of insider trading probes over the past two-and-a-half years that have yielded 66 indictments and 59 convictions. None of these defendants have been acquitted so far, though several cases are still pending.

Dubbed “Operation Perfect Hedge,” the effort has utilized investigative tools like wiretaps and informants that are more commonly associated with other kinds of crime.

Wiretaps were first used to target insider trading in the case of Raj Rajaratnam, the manager of hedge fund Galleon who received a record 11 years in prison last year after earning $64 million in a long-running insider trading scheme.

Gupta is accused of passing inside information to Rajaratnam about Goldman and Procter Gamble (PG, Fortune 500), where he was also a director. He faces five counts of securities fraud that carry maximum sentences of 20 years each, as well as one count of conspiracy that carries a five-year maximum.

Prosecutors say that in one instance in the fall of 2008, Gupta called Rajaratnam just 16 seconds after disconnecting from a conference call in which Goldman’s board approved a crucial $5 billion investment from Warren Buffett’s Berkshire Hathaway.

Minutes later, Galleon purchased $27 million worth of Goldman stock. In a conversation the next morning that was recorded secretly by the FBI, Rajaratnam told an associate that he had received a phone call ahead of the share purchase saying “something good might happen to Goldman.”

When Goldman’s shares jumped later that day on news of Buffett’s investment, Galleon sold them at a profit of $840,000.

Rajaratnam, now serving his jail sentence, is also on the list of potential witnesses for Gupta’s trial. The government says Gupta maintained a number of investments with Rajaratnam.

Gupta’s lawyers did not respond to requests for comment, though they are fighting the charges and have previously called the government’s case “totally baseless.”

Gupta “did not trade in any securities, did not tip Mr. Rajaratnam so he could trade, and did not share in any profits as part of any quid pro quo,” lawyer Gary Naftalis said following last fall’s indictment.

A number of pre-trial hearings have been held already, though the trial itself is not expected to take more than a few weeks. Whatever the result, executives across the country will surely be paying attention.  To top of page

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Three charged in Chicago terror plot

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