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<p>Saddam: French media mogul MEDIA monolith Hachette Filipacchi, already fearing an anti-French backlash, has a bigger problem: Saddam Hussein owns a $90 million stake in its parent company. Saddam owns just under 2 percent of Lagardere SCA, the French company of which Hachette Filipacchi Media U.S., publishers of Elle, Car & Driver, Women's Day and other titles, is a unit. His shares are held by Iraqi-controlled Montana Management, based in Geneva. Saddam's Hachette holdings first came to light when Iraq invaded Kuwait in 1990, and the UN Security Council along with the French and U.S. governments acted to freeze Iraq's assets. At the time he was the second-largest shareholder in Hachette SA, controlling 8.4 percent of the company. Fearing a backlash, Hachette brass voiced their intention to buy the Iraqi strongman out, which most people assumed had been done long ago. In fact, Saddam still has his stake and it's currently worth $90 million, a Hachette rep confirmed to PAGE SIX's Jared Paul Stern. "Under international sanctions, blocked assets are being held until future direction from the UN and applicable governments," the rep said. "Those assets are frozen." Since Saddam has no representation on Hachette's board of directors, he has no influence over the company, and Hachette's spokeswoman assured us the firm is unafraid of a backlash. Some American Elle advertisers we contacted yesterday had no idea Saddam ever owned a slice of Hachette. "We don't know anything about it," said a rep for MAC cosmetics. Donna Karan's people had no comment. Reps for Coach, Estee Lauder and Banana Republic were similarly in the dark. In 1990, when the Saddam-Hachette news broke on "60 Minutes," publishers of Hachette magazines placed emergency calls to top advertisers in a bid to keep them from leaving. They also established a "circulation crisis group" to deal with subscribers who wanted to cancel over the news. Hachette has been testing consumer reaction to the fact that it is a French company, to determine whether "guilt by association" will harm it, Hachette U.S. CEO Jack Kliger told Media Industry Newsletter. Americans "feel comfortable buying [Elle] just as they do with say, Evian and L'Oreal, and dining in French restaurants. Remember too, there are Americans who oppose war with Iraq."</p>

The fact is that Saddam Hussein was our boy. The CIA helped him to power, as they did the Shah of Iran and Noriega and Marcos and the Taliban and countless other brutal tyrants. The fact is that George Bush Sr continued to supply nerve gas and technology to Saddam even after he used it on Iran and then the Kurds in Iraq. While the Amnesty International report listing countless Saddam atrocities, including gassing and torturing Kurds, was sitting on his desk, Bush Sr pushed through a $2bn "agricultural" loan and Thatcher gave hundreds of millions in export credit to...

Many countries are now suffering from ethnic strife and divisions. We could name Iraq, Bosnia, Yugoslavia and many, many others. Why is there so much opposition in the diplomatic world to the obvious solution: Splitting the countries up so that there is a separately governed Iraq and Kurd Iraq? This becomes timely, of course, in view of our coming Iraqi invasion. Should we not push to separate Iraq into two countries instead of trying to find some kind of unified solution to keep it together?,P. The answer seems obvious to me, and I'm wondering what other Freepers think. D

Freepers: I believe that an attack in Iraq or Iran is imminent. Within the next few weeks. This Isreali mess is a diversion. A part of a grand distraction for the world and the US press as we redeploy our forces to attack the grand puppet master: Saddam Husein. I would not be surprised if a coincidiing attack was in store for Iran. They might also be the primary target. Isreal has had terrorist of equal level in the past few years, but they have only recently retaliated with such force. Offensive mititary action (which I believe Sharon is executing)...