Man in the Mirror

I wanted to change the world, so I got up one morning and looked in the mirror. That one looking back said: There is not much time left.... MICHAEL JACKSON

    Saudi v/or/& Sony ?


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    Saudi v/or/& Sony ?

    Post  Moonlight on Tue Nov 17, 2009 8:58 pm

    Prince Walleed: What Do Sony, J P Morgan and Moxley & Company Have In Common? Walleed Buys Hillary Presidency!
    By zorroz - Posted on November 27th, 2007
    Tagged: Crown of England
    Hillary Hollywood
    J P Morgan
    Moxley & Co.
    Prince Walleed

    Fresh from "real profit-taking from the "fake" run-up of Oil Futures, Prince Walleed's wallet is BULGING. He now has an opportunity to concentrate his holdings and the stranglehold on the Middle Class and Hillary Clinton's "left wing". OF course, NO ONE on MSNBC is going to point out why SONY, and J P MOrgan and Moxley are being "floated" as possible "control" targets for Walleed.

    Control of Sony would give him most of the great "meme factory" known as Hollywood. If he gets control of Sony assets such as Screen Gems, Columbia, Sony Classics, MGM, United Artists, BMB Music, American International, JUST to name a "few"! Once the Saudi's control "Me-Me-Wood"...they'll control the hearts and minds of America for generations to come.

    Still, you'd be a fool not to realize the other "critical" infrastructure that the Saudi Royal Family wants to control or to become "partners" with! Somehow, "Country-Muslim" Music just doesn't have the same "twang"! HOME HOME ON THE Saudi PENINSULA"; "Give Me That Old Time Mulim Religion"; "What a Friend We Have in Mohammed"; "That Old Rugged Rock of Mecca"!

    Buying into Sony which appears to be controlled by Moxley & Co. with an 18% an excellent idea. Why Moxley & Co? Moxley is the "primary depositary bank" for ALL OFF SHORE STOCKS, trading in the US! The Cash flow is immense. It could actually "crush" the Cash Flow of the FED?

    When you put the "Saudis" in Charge of ALL US ADR's (American Depositary Shares") as "well" in the same "fiduciary" relationship with "revunues" from ALL US PORTS via it's interest in AIG..and America's "financial LUNG POWER" immediately has emphasema...headed for "Terminal Cancer".

    In fact, Moxley administers thousands of trading deposits for J P Morgan which is the Nominee or "cash handling agency" FOR THE Bank of England. Morgan also owns "Chase" Bank...aka "Hillary's Pocketbook"! In some ways, a rush by the Saudi's to invest in HIllary is understandable..Hillary is going to need a "Strong Shadow Vice President" and who better than Prince Walleed?

    "America is FOR SALE!" Unfortunate, our assets are for sale for American infrastructure Maguier, Sr. Labranche.l A SILENT INVASION!
    prince zorroz

    So I've no idea if this was true, but it's interesting for several reasons; and makes me wonder whether it could have anything to do with Michael's business relationships with both the Saudi royals Prince Al-Waleed bin Talal & Sheikh Abdulla bin Hamad Al-Khalifa; and with Sony, via his ATV/Sony Music catalogue?

    Friends or Foes? Rescuers or Takers?

    Was Michael/his cataglogue interest & now resurrected legacy/financial resurgence, the meat in the sandwich between Saud & Sony?

    Were they two rivals for the prize in this supposed battle of Saud v Sony?

    Are they both in so deep that neither will out the other?

    Or are they sharing the spoils of the battle royal?

    More questions than answers still...

    Last edited by Moonlight on Tue Nov 17, 2009 10:14 pm; edited 1 time in total

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    Re: Saudi v/or/& Sony ?

    Post  Moonlight on Tue Nov 17, 2009 9:23 pm

    Back in 1996, Prince Al Waleed bin Talal and Michael Jackson launched a joint venture 'Kingdom Entertainment' to develop a variety of entertainment projects such as movies, books, hotels, recordings and theme parks all based on 'family values'.
    A press conference was held in Paris in April and both Al Waleed and Michael revealed their plans and hopes for this venture.

    The first project was the sponsoring of Jackson's HIStory world tour and then they produced Michael's "Ghosts" music video / short movie.
    Unfortunately, things didn't work out as planned and the company eventually fell apart.

    Could do with a full history and timeline for this background story re: the Kingdom Entertainment venture.

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    Re: Saudi v/or/& Sony ?

    Post  Moonlight on Tue Nov 17, 2009 9:33 pm

    Al-Waleed bin Talal
    Excerpts From Wikipedia, the free encyclopedia

    Born March 7, 1955 (1955-03-07) (age 54)
    Jeddah, Saudi Arabia
    Residence Riyadh, Saudi Arabia
    Nationality Saudi Arabia, Lebanon
    Occupation businessman
    Net worth ▼ $13.3 billion (2009)
    Religious beliefs Islam

    Al-Waleed bin Talal bin Abdul Aziz Al Saud
    House of Saud

    Prince Al-Waleed bin Talal bin Abdul Aziz Al Saud (Arabic: الوليد بن طلال بن عبد العزيز آل سعود‎) (born 7 March 1955) is a member of the Saudi Royal Family. He is the nephew of the Saudi Arabian King Abdullah. An entrepreneur and international investor but without real political power within the House of Saud or in Saudi Arabia, he has amassed a fortune through investments in real estate and the stock market.
    As of 11 March 2009 his net worth is estimated at US$13.3 billion, down from $21 billion, according to the Arabian Business rich list published December 2, 2008. He is ranked by Forbes as the 22nd richest person in the world. He has been nicknamed by Time magazine as the Arabian Warren Buffett.[1]
    Al-Waleed was born to Prince Talal, son of the founding King of Saudi Arabia, Abdul Aziz Al Saud, and Princess Mona. He is Prince Talal's second son.

    Al-Waleed completed a bachelor of science degree in business administration at Menlo College in 1979 and masters in social science at the Maxwell School of Citizenship and Public Affairs of Syracuse University, in 1985. He was also awarded an honorary PhD from the University of Exeter. He has been married five times, divorced three times, and currently has two wives. In 2006, he married Ameera Al-Taweel. And in 2009, Al-Waleed re-married his former wife from the United States, who is the mother of his other two children, Prince Najem and Princess Mona. Prince Waleed's first born children are: Prince Khaled and Princess Reem who are from his first wife, (his cousin) Princess Dalal bint Saud bin Abdul Aziz. Despite being the nephew of King Abdullah of Saudi Arabia, he has stayed outside of the core of political power in Saudi Arabia, and instead built a large international corporation called the ]b]Kingdom Holding Company[/b], through which he makes his investments.

    Business interests
    Al-Waleed began his business career in 1979 upon graduation from Menlo College. The Prince's activities as an investor came to prominence when he bought a substantial tranche of shares in Citicorp in the 1990s when that firm was in difficulties. With an initial investment of $550 million ($2.98 a share after adjusting for stock splits, acquisitions and spin-offs, according to Bloomberg calculations) to bail out Citibank caused by underperforming American real estate loans and Latin American businesses, his holdings in Citigroup now comprise for about $1 billion. His investments in Citibank earned him the title of Saudi Warren Buffett.

    Although his stake in Citibank once accounted for approximately half of his wealth, by January 2009. At the end of 1990 he bought 4.9% of Citicorp’s existing common shares for $207m ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 1991, as American troops stationed in Saudi Arabia were preparing for war with Iraq, the prince spent $590m buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10% of Citicorp and took his stake to 14.9%.[3] In January 2008, the Prince participated—together with the Singapore government investment corporation and other investors—in a $12.5 Billion capital raise, in an unsuccessful effort to shore up Citi's capital position, but the value of these shares continued to plunge.[4]
    Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, News Corporation Ltd and other technology and media companies.[2]

    His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York. He sold half of his shares in the latter in August 2004. He has made investments in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. He currently holds a 10% stake in Euro Disney SCA, the organization which manages and maintains the Disneyland Resort Paris in Marne-la-Vallee, France.[5]

    In January 2005, Al-Waleed purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels, in which Al-Waleed owns an estimated 16% stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holding acquired Toronto, CA-based Fairmont Hotels for an estimated $3.9 billion.
    As of 2008, there are plans for the $10 billion construction of the Tallest Building in the World or برج الميل (Arabic for "the Tower of One Mile"), a supertall skyscraper to be the tallest in the world, at one mile (1609 m) in height.

    Charitable activities
    Much of the charitable activities of Al-Waleed are in the field of educational initiatives to bridge gaps between Western and Islamic communities by funding centers of American studies and research in universities in the Middle East and centers of Islamic studies in western universities
    In 2002, Al-Waleed donated 18.5 million British pounds to the families of Palestinians during a TV telethon ordered by Saudi King Fahd to help relatives of Palestinian "martyrs" -- a term that has been used by the Palestinians to include suicide bombers. The Saudi government said the term referred not to suicide bombers but to "Palestinians who are victimized by Israeli terror and violence." However, a member of the Palestinian Legislative Council admitted that "some money will go to the families of suicide bombers. "

    Academic Awards
    B. Sc. in Business Administration, magna cum laude, Menlo College, California, 1979
    M.A. in Social Science with honors, Syracuse University, 1985

    Al-Waleed now owns the yacht Kingdom 5KR, which has a helicopter on board. She is an 85.9-meter (282-foot) yacht, originally built as the "Nabila" for Saudi billionaire, Adnan Khashoggi. She subsequently posed as the Flying Saucer, the yacht of James Bond villain Largo in the film Never Say Never Again. The yacht was later sold to Donald Trump, who renamed her Trump Princess. Al-Waleed bought the yacht after Trump's second bankruptcy.[8]

    He has ordered a new yacht currently known as the New Kingdom 5KR which will be about 173 meters (557 feet) long and will cost $500+ million. The yacht is rendered by Lindsay Designs and is expected to be delivered in late 2010.[9]

    Al-Waleed owns several aircraft, all converted for private use: a Boeing 747, an Airbus 321 and an Hawker Siddeley 125. Also on order is an Airbus 380, the world's largest passenger aircraft, which is scheduled for delivery in 2010.[10][11] This has been noted in the 2009 Guiness World Records as the largest private jet in the world.

    Among his many assets are: a 95% stake in Kingdom Holding Company; 100% ownership of Rotana Video & Audio Visual Company; 90% ownership of Lebanese Broadcasting Center ( LBCSAT ); less than 1% of Citigroup; 17% if Al Nahar and 25% of Al Diyar, two daily newspapers published in Lebanon.
    Al-Waleed and his wife live in a $300 million sand-colored palace whose 317 rooms are adorned with 1,500 tons of Italian marble, silk oriental carpets, gold-plated faucets and 250 TV sets. It has four kitchens, for Arabic, Continental and Asian cuisines, and a fifth just for dishing up desserts, run by chefs who can feed 2,000 people on an hour's notice. Their royal highnesses can swim in a lagoon-shaped pool, or catch a film in the 45-seat basement cinema.[12]
    Prince Alwaleed tops first Saudi Rich List 2009 with a fortune of $16.3bn. HRH holds a 95 percent stake, although it has been a tough 2009 for the Prince, as his investments across the globe have been hit hard by the global economic crisis.

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    Re: Saudi v/or/& Sony ?

    Post  Moonlight on Tue Nov 17, 2009 9:45 pm

    Al Waleed: From Saudi Prince to Lebanese Politician?

    Prince Al Waleed bin Talal has long been seen as an important link between Arabs and the rest of the world, acting successfully like a bridge between the business worlds of the Middle East and the West. But are the financial foundations of this bridge starting to whither? Furthermore, are there other bridges that Al Waleed can cross?

    In March 2008, Forbes Magazine published its eagerly awaited list of the world's richest billionaires. Standing firm at number 19 was the world's richest Arab, Al Waleed with an estimated fortune then of $21.0 billion. One year later, it couldn't be more different. For it was in March 2009 that Citigroup's stocks fell from a high of $57 recorded on December 18, 2006 to just 97 cents. Citigroup's shares had recorded a 52 week high of $27.35 on April 28, 2008, figures we are unlikely to see in the next few years. Citigroup is important because ever since Al Waleed invested $590 million in 1991 in the bank as it struggled with Latin American loan losses it has constituted his largest shareholding. Based on simple calculations, his 250 million shares were one day worth up to $14 billion and are now worth $250 million.

    At the same time, Al Waleed's Kingdom Holdings stock price plummeted from 14 Saudi Riyals to SAR3.9 and his Nasdaq Dubai Kingdom Hotels firm now trades (for lack of a better word) at one dollar from it's $9.25 listing price. Incidentally, Kingdom Hotels, one of the Prince's most asset rich and attractive companies can now be bought in it's entirety for $170 million, about half as much as he paid for his "flying palace" Airbus A380 that qualified for the CNN/Fortune 101 Dumbest Moments in Business rankings in 2007.

    At a $10 Billion market cap, the National Bank of Kuwait, although losing 50 percent of its value in the past year is today worth twice as much as Citigroup, the latter reaching a market cap of $270 billion in early 2007.

    In fact, Al Waleed's shareholdings read as a list of some of the most troubled investments in the past few years: Motorola, News Corp, Apple, EuroDisney, Eastman Kodak and Ford have lost between 50 and 80 percent of their value in the past few months.

    The Prince might not be bankrupt but he's never been closer to being so. This will be a tragedy not just for Al Waleed but for the many charity causes he champions. In 2005 he donated $40 million each to Harvard and Georgetown Universities to set up Islamic studies centres. He also endowed Cambridge and Edinburgh universities in Britain with $31 million to set up similar departments. In his home country Al Waleed is known to have built thousands of houses for the poor as part of his generous housing program in rural areas of the desert kingdom. Al Waleed is also known for spending every Wednesday evening, if he is in Saudi Arabia, receiving hundreds of visitors from lower income households with requests for financial assistance, this generosity can cost him up to $1.5 million on any night.
    But what can savvy investors learn from the financial turbulence that plagued so called Arabian Warren Buffet.

    Although it is by now an overused cliché but more than anything don't throw good money after bad money and when you find yourself in a hole, stop digging. Sadly this is a lesson that Al Waleed did not learn early enough. Encouraged by ADIA's costly and miscalculated gamble of effectively burning $7.5 Billion by investing in Citigroup in the autumn of 2007, Al Waleed followed suit and ploughed hundreds of millions of dollars to raise his steak to five percent to match ADIA's equity. He even called Citi's $six billion write down the previous summer a "hiccup.".

    Despite the horrific decline in the value of Citigroup, the one dollar threshold represents a new challenge, if the stock value drops below one dollar for 30 consecutive days, effectively becoming a penny stock, it may be delisted and become an over-the-counter company. What should Al Waleed and by extension ADIA do about their high-flying employees who got them into deep trouble? To borrow from the New York Times columnist Maureen Dowd, writing about incompetent American jet-setting executives last autumn, "off with their headsets."
    Also, now that there is much less wealth to throw around flying palaces, it is time to go back to the basics of sound investments, steady growing firms are in the long term a much better bet than sexy stocks and trophy assets. If not, Al Waleed's magical story will be of a young prince and his Kingdom who had it all before he lost it all.

    An alternative option available to Al Waleed is to enter into the political world. On the one hand he could try his chances with the Saudi Royal court, after all King Abdullah bin Abdul Aziz is his paternal uncle. Though Talal Bin Abdul Aziz, Al Waleed's father may have made it slightly tricky for his astute son to tread down that path. Talal was know as the Red Prince for harbouring socialist tendencies back in the 1950's that caused him to be exiled to Egypt. Al Waleed's free thinking father may have also indirectly influenced his son's liberal investment attitude. As Talal continued to call for educational reforms, empowering women and championing various humanitarian causes such as the Arab Open University which today that has over 22,000 students enrolled at moderate fees, 50 percent of whom are women. Prince Al Waleed for example does not shy from investing in alcohol serving establishments from Monaco's Monte Carlo Grand Hotel and London's Savoy Hotel to the luxurious Canadian chains of Four Seasons and Fairmount.

    Prince Al Waleed has meticulously positioned himself for a political role using his investments as a conduit. Commanding such vast amounts of wealth has allowed him to seek private audiences, not just with the likes of business luminaries such as Bill Gates and Warren Buffet but also with world leaders whose time is usually spared for other world leaders or their ambassadors. Only in the past twelve months has he met with Pope Benedict XVI, Middle East Peace Envoy Tony Blair, Bashar Al Assad of Syria, President Tabaré Vazquez of Uruguay, President Gloria Arroyo of the Philippines, President Hamid Karazai of Afghanistan, Yemeni President Ali Abdullah Saleh, French President Nicolas Sarkozy, the Emir of Kuwait Sheikh Sabah Al Ahmed, Kazakh President, Nursultan Nazarbayev as well as the Presidents of Turkmenistan, Tajikistan, Azerbaijan, Mongolia and Kyrgyzstan. The list of ambassadors he met in the same period possibly rivals that of Saudi Arabia's own Foreign Minister Prince Saud Al-Faisal and included emissaries from the Senegal, Uzbekistan, the US, Uganda, France, Mexico, Myanmar, Djibouti, Bosnia Herzegovina, Eritrea, Malaysia, the Comoros Islands, Poland, Australia, Korea, Georgia, Albania, Egypt, Afghanistan, Great Britain, India, Nepal, Jordan, Thailand, Azerbaijan, Palestine, Vietnam, Ethiopia, Macedonia, Japan, Sudan, Portugal, Qatar, Niger and American Congressmen; an impressive list by any standard.

    Al Waleed employs a brilliant Public Relations engine to issue press releases with photos of him and his elegant unveiled wife Princess Ameera meeting with many of these dignitaries, a process that has positioned him as a public figure as per his own accord exposing himself to both public scrutiny and praise. He has taken the unusual step in the region of publishing a candid account of his personal as well as professional life that included family photographs of his parents and children further highlighting his modern lifestyle. However, the Prince's widely known liberal leanings may not be as accepted in his home country of Saudi Arabia where he faced stiff opposition and religious edicts to list his Kingdom Hotels firm which ended up in the Nasdaq Dubai stock market. However, one place where his views have been accepted and would sit comfortably is the Mediterranean country of Lebanon.

    Even before the assassination of Rafic Hariri, the former Prime Minister of Lebanon, Al Waleed was a popular figure; people and giant billboards openly called on him to run for the position of Prime Minister. After all, taking a cue from his personal friend Silvio Berlusconi who leveraged his media empire to become prim minster of Italy, Al Waleed similarly owns An Nahar, one of the country's most influential newspapers as well as the liberal Lebanese Broadcasting Corporation and Rotana TV networks. Although popular in Lebanon this liberal media empire has been subject of much controversy in Saudi Arabia for depicting scantily clad women and has recently caused him to been condemned as "no less dangerous than drug dealers" by a Saudi religious scholar. Al Waleed's maternal grandfather Riad Al Solh was the founding leader of Lebanon in the same way that his paternal grandfather King Abdul Aziz was the founding leader of Saudi Arabia. Al Waleed referred to a charitable foundation he set up in Lebanon as "the address for every Lebanese citizen committed to his land, roots, and devoted to his country, free of religious or regional affiliations"- language not dissimilar to that of seasoned politicians in the country.
    Al Waleed, when questioned a few years ago by An Nahar newspaper whether he, a citizen of both Saudi and Lebanon, would seek Lebanese premiership, a position reserved under the constitution for a Sunni Muslim, his answer was "We will cross that bridge when we come to it."

    Maybe it's time for Al Waleed to cross that bridge after all.

    Sultan Sooud Al Qassemi is a non-resident fellow at the Dubai School of Government. This article first appeared on the portal on April 27th 2009
    Saudi Arabia

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    Re: Saudi v/or/& Sony ?

    Post  Moonlight on Tue Nov 17, 2009 9:52 pm


    Michael Jackson and Prince of Bahrain settled lawsuit 'amicably,' say lawyers
    By Ellen Tumposky
    Monday, November 24th 2008, 1:07 PM

    - It's all "amicable" between Michael Jackson and the sheikh who sued him, lawyers said Monday.
    Jackson and Sheikh Abdulla bin Hamad Al-Khalifa have "amicably settled" their legal dispute, the sheikh's lawyer, Philip Croall, told reporters at High Court Monday.
    "They wish each other well in their own respective endeavors."

    Jackson had been expected to fly to London to testify Monday in the sheikh's $7 million breach-of-contract, but the two sides reached an agreement over the weekend. No details were released.
    Jackson's New York lawyer, Londell McMillan, took the opportunity to trash a British press report that Jackson has become a Muslim. "That's rubbish. It's completely untrue," McMillan told reporters.
    Sheikh Abdulla, the second son of the king of Bahrain, was not in court today.
    He befriended Jackson while the singer was facing child-molestation charges in 2005 and paid for Jackson and his entourage to come to Bahrain after Jackson was acquitted.
    The sheikh, an aspiring songwriter who formed a company called 2 Seas Records, accused Jackson of reneging on a deal to produce an album, an autobiography and a musical for the label. He was seeking payback for the $7 million he says he spent on the singer and the recording project.

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    Re: Saudi v/or/& Sony ?

    Post  Moonlight on Tue Nov 17, 2009 10:00 pm

    from wiki

    Abdullah Bin Hamad Bin Isa Al-Khalifa
    From Wikipedia, the free encyclopedia
    Jump to: navigation, search
    Sheikh Abdullah Bin Hamad Bin Isa Al-Khalifa, Prince of Bahrain (born June 30, 1970) is the second son of the ruler of the Kingdom of Bahrain, His Royal Highness Sheikh Hamad ibn Isa Al Khalifah.

    Like all members of the royal family, Abdullah sits as a senior member of the civil judiciary.[1]

    Abdullah has a personal love of music, and has fitted his palace in the Kingdom with a recording studio. He also has homes in Kensington, London and has a cottage in Devon, England. Musically he enjoys Led Zeppelin and Bob Marley, owns a vintage Gibson electric guitar, and rides a Harley Davidson.[2]

    [edit] Friendship with Michael Jackson
    A long time friend of American pop legend Michael Jackson, Abdullah loaned his friend £2.2million to pay legal fees after the singer was tried for child molestation in California in 2005. After the successful defence and dismissal of all charges, Abdullah invited Jackson, his children and personal staff to stay in Bahrain, which Jackson took up on 30 June, 2005.[3][4]

    As part of a plan to revive Jackson's career with the release of a new album,[5] after Hurricane Katrina Sheikh Abdullah suggested that Jackson record a song Abdullah had written as a charity single at a recording studio in London, "I Have This Dream."[6] Jackson undertook the recording session in London, but the single was never released through the co-owned record label 2 Seas Group. Jackson left the Kingdom in May 2006 for Ireland.

    In November 2008, after trying to recover £4.7 million costs from Jackson which the singer said were gifts, Abdullah sued the singer through the mutually agreed High Court in London.[7] Abdullah claims that despite having paid the $2.2m (£1.5m) cost for Jackson to record a song intended to benefit the victims of Hurricane Katrina, the singer failed to attend the studio for the final recording and the song was never released. Mr Bankim Thanki QC, representing Abdullah, told the High Court that the day after Jackson's criminal trial ended in California, that he recorded one of the songs which Abdullah wanted released as a charity single to help victims of the Indian ocean tsunami,[8] and that Sheikh Abdullah felt "a strong sense of personal betrayal" after forming "a close personal relationship" with the singer.[7]

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    Re: Saudi v/or/& Sony ?

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