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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: joseffy who wrote (270810)	8/24/2010 2:01:03 PM
From: S. maltophilia	Read Replies (1) \| Respond to of 306849

<<How many Christian churches are there in Saudi Arabia? How many synagogues are there in Saudi Arabia? WHY NOT?>> Let me repeat myself: <<the Saudis have a repulsive government>> You, I, and al-Qaeda agree on that. We may differ somewhat on how to resolve it. <<Who is Saudi prince Alwaleed bin Talal? What does he bankroll in the US?>> ..His stake in Citibank once accounted for approximately half of his wealth, prior to the recent financial crisis. 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%.[4] 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.[5] Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, News Corporation Ltd and other technology and media companies.[6] 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 company that owns, manages and maintains Disneyland Paris in Marne-la-Vallee, France.[7] In January 2005, Al-Waleed purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels, his sister, The Princess Sultana Nurul 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 ??? ????? (Arabic for "the Tower of One Mile"), a supertall skyscraper to be the tallest in the world, at one mile (1609 m) in height. In August, 2010, in the wake of political stands taken in News Corp. media properties against Park51, sometimes called "the mosque at Ground Zero," a review of certain Kingdom Holding investments put its News Corp. stake at $3Bn (7%) and noted the 2010 News Corp. $70 million (9%) investment in Al-Waleed's Rotana Group, the Arab World's largest entertainment company. The review also referred to the Al-Waleed investment AOL in the past tense.[8] en.wikipedia.org AOL in the past tense indeed. Along with most of the money he had in it. Ditto MCIC and Citi. And plans for the mile high building. And how about his involvement with News Corp? Are you still paying attention to Fox? Or is News Corp just passing that money on to the Republican Governors Association and not letting it taint Fox? <<Is Christianity your "bogeyman">> Nope, it's my cultural background. But I probably share the same opinion of lunatic fundamentalist "Christians" that the average Muslim has of Wahhabiism.