Posts Tagged annual meeting

Bilderberg Meeting a Wrap, Who Would Trust these People?

By Michael Collins

(Chantilly, VA 6/3/2012) The Bilderberg Group completed its annual meeting today in Northern Virginia. The group was founded in 1954 by the financial, political, and military elites of Europe and the United States. Annual meetings provide for “regular, off-the-record discussions [to] help create a better understanding of the complex forces and major trends affecting Western nations in the difficult post-war period.” Bilderberg Meetings, Official Website

The inherent contradiction in this mission statement is glaringly obvious. These are the very same people who put in place and control the governments and programs that they’re meeting in private to “discuss.” Don’t they discuss these things before and during their masquerade of governance?

The group’s official meeting website says, “What is unique about Bilderberg as a forum is the privacy of the meetings, which has no purpose other than to allow participants to speak their minds openly and freely.”

When the world’s ultra-rich and powerful meet to address major sociopolitical problems in a forum based on privacy, it’s time to take a closer look.
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Hmmm … Murdoch’s News Corp reduces foreign voting shares to keep U.S. TV licenses

By Michael Collins

Is Murdoch getting ready to trade his kingdom for a horse?  Supposedly, News Corp did a compliance review on the voting rights of foreign shareholders.  The company discovered that it was way out of line for the amount of foreign shareholder voting rights, thus imperiling its bid to renew the licenses for it’s domestic television properties (based on the Communications Act of 1934).

“News Corp, which has spent most of the last year battling the fallout from the News of the World phone-hacking scandal, inadvertently allowed foreign investors to hold 36pc of Class B voting stock – well past the 25pc limit enshrined in American 1934 Communications Act.

“In order to fix the problem, on Wednesday it suspended 50pc of the Class B voting rights of its investors outside the US, effectively halving the power of certain foreign investors.”  The Telegraph, April 18 &  Financial Times, April 18

This includes Prince Alwaleed bin Talal, Saudi investor, who will have his 7% share cut in half for voting.  Talal is a big Murdoch supporter.

Two points.  This is a sign of weakness.  They knew or should have known this was the case but now they’re acting.  News Corp probably got a tip from some “friendly” in government and preemptively corrected the problem.  One commentator asked, When was the last time they reviewed voting rights, 1936?

The prompts the second point, which consists of three questions?  Was News Corp out of compliance on foreign voting shares when it last renewed it’s domestic broadcasting license?  Will anyone in authority investigate?  If they determine that the licenses were renewed with News Corp violating the 1934 Communications Act, will anything be done about it?

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