Lebanon: Media’s 'Retreat' from Covering the Movement Angers Activists 

Demonstrators carry national flags during an anti-government protest in Tripoli, Lebanon October 21, 2019. REUTERS/Omar Ibrahim
Demonstrators carry national flags during an anti-government protest in Tripoli, Lebanon October 21, 2019. REUTERS/Omar Ibrahim
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Lebanon: Media’s 'Retreat' from Covering the Movement Angers Activists 

Demonstrators carry national flags during an anti-government protest in Tripoli, Lebanon October 21, 2019. REUTERS/Omar Ibrahim
Demonstrators carry national flags during an anti-government protest in Tripoli, Lebanon October 21, 2019. REUTERS/Omar Ibrahim

Many of the Lebanese popular movement activists expressed their displeasure with the media’s “retreat” over the past few weeks after they had played a critical role in the first period after the revolt erupted on the 17th of October.   
 
While some link this retreat to the loss of some of the movement’s momentum because of the holidays and the bad weather, others believe that the power retained their grip over media.  

Lucian Bourjeili, an activist, believes: "With the beginning of the new year, TV stations started hosting the rulers who bankrupted the country again, in an attempt to whitewash their image. This reminds me of what happened in the last parliamentary elections when politicians used their money to monopolize screen time and make false promises."
 
Walid Abboud, the editor in chief of MTV, refuses the accusation that media coverage retreated, emphasizing that, at least not in the media institutions which he works for which, according to Abboud “is still covering the events that lost their momentum due to several factors, including the weather, the holidays and other reasons."

"We are not in the position of creating or igniting events but in the position of covering them when they happen,” he added.

Abboud goes on to tell Asharq Al-Awsat: “Live coverage compels, to a certain extent, more people to join the revolutions by showing them the revolution’s beautiful and expressive scenes”.

Abboud believes that it is likely that the momentum will return in the next few days, emphasizing that the TV channel which he works for will: "Cover the events with the same enthusiasm as before, despite deductions to our long-overdue salaries because of the economic and financial crisis that is hurting institutions across the country." 
 
A study issued by the Maharat (Talents) Foundation on “freedom of expression and the media during the October 17 revolution” said that freedom of expression “reached a degree that Lebanon had not previously known during the revolution and broke the limits that had prevailed.

Some of the criticism leveled at the political class could be considered defamation, with public accusations of corruption and theft. This criticism has become part of revolutionaries’ daily discourse, expressed publicly through various media outlets and social media platforms without fear or ambiguity.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.