Khazen

Prince Alwaleed ‘Severs Ties’ With Forbes’ Billionaire List — Claims Bias Against Mideast Investors

 

 Forbes came out with its latest billionaires list.

After the publication of the 2013 edition, Saudi Prince Alwaleed Bin Talal has informed the publication that he would no longer like to be included (thank-you-very-much) According to a press release from the Prince’s investment firm, Kingdom Holding Company, he sent a letter to Steve Forbes severing his relationship with the list. That means Forbes will no longer receive information from Kingdom about its finances.

Kingdom claims that it has discovered "what appear to be intentional biases and inconsistencies in the Forbes valuation process…"

 

 Forbes response:

The prince first came on Forbes’ wealth-hunting radar in 1988, a year after our first Billionaires issue came out. The source: the prince himself, who contacted a FORBES reporter to let him know just how successful his Kingdom Establishment for Trading & Contracting company was–and to make clear that he belonged on the new list.

That outreach proved to be the first in what is now a quarter-century of intermittent lobbying, cajoling and threatening when it comes to his net worth listing. Of the 1,426 billionaires on our list, not one–not even the vainglorious Donald Trump–goes to greater measure to try to affect his or her ranking. In 2006 when FORBES estimated that the prince was actually worth $7 billion less than he said he was, he called me at home the day after the list was released, sounding nearly in tears. “What do you want?” he pleaded, offering up his private banker in Switzerland. “Tell me what you need.”

 

 

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Countdown to the Conclave: Media Confusion

 

WASHINGTON, DC (Catholic Online) – If you have read the documents of 2nd Vatican Council, you will have noticed there is nothing in any of them that even closely resembles the "Spirit of Vatican II" so often evoked by dissenters.  All those documents have one goal in mind: To make the Catholic worship and teaching more communicative to the people of God, or, as it is usually put, more pastoral.

As we said at the outset of this series, the old hands in the media and at Catholic outlets such as America and Commonweal still recall the brilliant, and subversive, series of Vatican II reports published in the New Yorker under the pseudonym of Xavier Rynne, who was actually a Redemptorist priest, Rev. Francis X. Murphy, who attended the Council as a journalist.

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France: All Sides in Lebanon Must Adhere to Baabda Declaration

  French Foreign Ministry spokesman Philippe Lalliot voiced his country’s support for the Lebanese government’s policy of disassociation from regional developments, reported the daily An Nahar Sunday. He told the daily that all Lebanese powers must respect the Baabda Declaration that was sponsored by President Michel Suleiman and which calls for sides to adhere to the […]

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Lack of dams holding back Lebanon’s water, energy sectors

  SHABROUH, Lebanon: Below a giant reservoir of mineral-tinted blue water in the snow-capped mountains of Shabrouh, water gushes across a spillway that runs down through a 63-meter-high jagged stone wall. This small-scale dam on a minor waterway could well be the model to alleviate the country’s water and energy shortages. The Energy and Water Ministry […]

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The Media and the Conclave anti-Catholicism

 

 

WASHINGTON, DC (Catholic Online) – The anti-Catholicism that abounds in the mainstream media, the academy, and the entertainment world continues to both amuse and upset us greatly! Who needs morning coffee when you can read the latest stupidity about the Conclave scheduled to commence in the Vatican next week?  It’s enough to evoke peals of laughter or growls of anger. 

Being seasoned Catholic journalists who have "been there done that" we prefer the former, knowing that the latter shows more respect than is due.
 
Tim Stanley, a very fine young Catholic pundit in the UK, report that the very unfunny Ricky Gervais, whp purports to be a comedian, has called Catholics "morons."  Stanley had tweeted that, "Crowd greeting #Pope estimated at 200,000. Beat that, Richard Dawkins," to which Gervais responded, "Some people are morons, beat that, education!" (Stanley, by the way, is smart, tough, and articulate, a young talent to watch!)

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Cabinet, workers dispute enters tenth day

  BEIRUT: The dispute between Lebanon’s civil servants and the Cabinet entered its tenth day Thursday as protestors rallied outside government buildings. Around 300 protesters demanding a wage hike gathered outside the building of the Finance Ministry’s Value Added Tax department in Beirut’s Mathaf before holding a sit-in outside the building of the Finance Ministry’s directorate […]

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Media trying to Frame Vatican with negative press

By Deal W. Hudson & Deacon Keith Fournier

 

WASHINGTON, DC (Catholic Online) – It’s sad but predictable that most of the mainstream TV networks have chosen "to frame" the Conclave irresponsibly.  Their respective frames reflect the media’s predictable, and reprehensible, attempt to discredit the Catholic Church while simultaneously boosting their notion of what qualities the new pope should embody. 

Hmmmmm, let’s guess, would those qualities be tolerance, flexibility, pluralism, progressivism, and the "third world?" The problem with talking about mainstream media coverage nowadays is its utter predictability, akin to "shooting ducks in a barrel."  But it’s a barrel of their own making and our responsibility as Catholic journalists to inoculate the public against their version of framing the Conclave.

Our good friend, former Vatican ambassador and Boston mayor, Ray Flynn, published some comments yesterday that summarize the media coverage with the authority of a man who spent many years as a Catholic in the Vatican. Ambassador Flynn, a master storyteller of Boston Irish persuasion, has also published an excellent novel about a papal Conclave, The Accidental Pope.

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