Tag Archives: Al Gore

Al Gore sues Al Jazeera

LOS ANGELES (AP) — Former Vice President Al Gore is suing Al Jazeera America, saying the news network is withholding tens of millions of dollars that it owes for buying Current TV from him and other shareholders for $500 million last year.

David Boies, Gore’s attorney, said in a statement that Al Jazeera America “wants to give itself a discount on the purchase price that was agreed to nearly two years ago.” He said the suit was filed in Delaware Court of Chancery on Friday.

…The Qatar-owned news channel took over Current TV’s signal last August and hired a slew of U.S. TV news veterans like Soledad O’Brien and John Seigenthaler. It is available in nearly 60 million U.S. homes.

Gore and co-founder and former Current TV CEO Joel Hyatt each had 20 percent stakes in Current, while Comcast Corp. had less than a 10 percent stake. Another major investor in Current TV was supermarket magnate and entertainment industry investor Ron Burkle.

Further from Politico:
“Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago,” Boies said in a statement. “We are asking the Court to order Al Jazeera America to stop wrongfully withholding the escrow funds that belong to Current’s former shareholders.”

The complaint has been filed under seal at the request of Al Jazeera, though Gore and Hyatt have filed a motion seeking to unseal it.

“We do not believe that our complaint should be sealed,” Boies said. “However, despite being a news organization, Al Jazeera America has said that the full complaint should be kept from the public file. We have therefore filed the complaint under seal until the Court can resolve this issue. We expect that the Court will reject Al Jazeera America’s argument.”

Dawn Bridges, executive vice president of Communications for Al Jazeera, says the organization is reviewing the complaint.

“Our outside counsel is reviewing the complaint,” Bridges wrote in an email. “We think it relates to a commercial dispute between former shareholders of Current Media and Al Jazeera America.”

“We may have further comment once they’ve fully reviewed everything,” she wrote.

Gore speech on capitalism gets laughs, furrowed brows

Former Vice President Al Gore had his audience both howling with laughter and furrowing their brows as he spoke on capitalism, technology and America’s “stalker economy” at the Southland Conference Tuesday.

Further from The Tennessean:
Two technology and entrepreneurship conference continues today in Nashville, and has drawn business leaders from across the Southeast.

At Tuesday’s event, Gore said capitalism is good for America – but that it has overstepped its bounds in recent years and “hacked” the democratic system.

“Capitalism unlocks a higher fraction of human potential,” he said. “[But] among those of us that were happy that the American system was now triumphant … some began to say, “Wait a minute, capitalism is so good it can begin to take over in some areas of democracy.'”

“Now a politician has to spend five hours a day begging rich people for money, so it’s easy for politicians to ignore the public interest,” he added.
He is confident that the spread of the Internet will help democracy gain back its rightful place.

“The Internet comes along, and once again, individuals can enter the conversation and have their ideas treated according to a meritocracy of ideas,” he said.

But he mentioned some caveats for Internet users, too.

“Governments – that’s one threat; businesses are also collecting more information than they should. We now have a stalker economy where businesses are finding out everything about you.”

When asked whether he thinks Edward Snowden is a traitor or a hero for revealing exactly this kind of business stalking, Gore said he doesn’t brand Snowden either way, but that on a spectrum he thinks Snowden is closer to a hero.

“He violated a law and that’s not right, but the documents he provided violated the Constitution. So he provided a public service,” Gore said.

‘Frozen Gore’ a Hot Topic in Alaska

From the AP:
FAIRBANKS, Alaska — Another two-ton ice sculpture of former Vice President Al Gore is back in front of a Fairbanks liquor store.
“Frozen Gore” is a dig at Gore’s beliefs about climate change.
The first statue went on display last year. This year’s version is hooked up to the exhaust of a pickup truck to make it appear Gore is spouting hot air.
The Fairbanks Daily News-Miner reports the smoke drew laughs from a crowd Tuesday as a Gore speech on climate change played over a loudspeaker.
The sculpture was commissioned by two businessmen, Craig Compeau and Rudy Gavora, who want Gore to discuss global warming in Fairbanks.
“We don’t agree with his theories — we’re suspicious of the financial motivation behind them,” Compeau said.
Last year’s inaugural Gore ice sculpture got national attention, including mentions on The Drudge Report, CNN, Fox News and MSNBC.
Compeau said his Web site with photos and information about the sculpture attracted 1.7 million visitors. He also was swamped with mostly positive e-mails from people who found the sculpture entertaining.
Climate change scientists say Alaska has warmed by 3 degrees Fahrenheit during the past 50 years. The average temperature for 2009 was 27.8 degrees in Fairbanks, about one degree warmer than normal, said Rick Thoman, a meteorologist with the National Weather Service.