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"Forbes List", topped by Russian President Vladimir Putin, pipped his US counterpart Barack Obama, second year in a row

Posted By: Bob
Date: Wednesday, 5-Nov-2014 15:23:13
www.rumormill.news/3488

Forbes list, topped by Russian President Vladimir Putin, pipped his US counterpart Barack Obama for a second year in a row.

"The top five remain the same as 2013 — Chinese President Xi Jinping ranked third, Pope Francis at No. 4 and the world's most powerful woman German Chancellor Angela Merkel ranked fifth."

The list of 72 most powerful people in the world also included the names of Reliance Industries chairman Mukesh Ambani at 36th, ArcelorMittal chairman and CEO Lakshmi Mittal at 57th and Microsoft's Indian-born CEO Satya Nadella at 64th.

On Modi, Forbes said "India's newest rockstar doesn't hail from Bollywood (India's "Hollywood", equivalent.)

He is the newly elected Prime Minister who sailed into office in May with a landslide victory, ushering the Bharatiya Janata Party (BJP) into power after decades of control by the Gandhi dynasty."

Forbes described him as a "Hindu nationalist" and refereed to the 2002 Gujarat riots when he was the state's chief minister.

"Modi is credited with massive reconstruction projects in his home state of Gujarat. His administration promises to bring economic rejuvenation to other beleaguered parts of India.

The world is as impressed as the citizens of India: So far he's toured the US and China and met with his Southeast Asian neighbours," the magazine said.

This year there are 12 newcomers on the list, including Indian Modi and Egypt President Abdel el-Sisi.

Alibiba founder, and China's richest man — Jack Ma, also makes a first appearance on the list after his record-breaking $25 billion initial public offering in September,

As does 'terror group' - Islamic State's chief - Abu Bakr al-Baghdadi.

(Snipped . . . )

This is the second year in a row that Putin carries the 'crown'.

Obama had previously been on the top of the list for every year with the exception of 2010, when Hu Jintao, the former political and military leader of China, was ranked 1.

Fed chief Janet Yellen moves into into sixth position, followed by Bill Gates and European Central Bank chief Mario Draghi.

(Snipped . . )

Forbes said after a year when Putin annexed Crimea, staged a proxy war in the Ukraine and inked a deal to build a more than $70 billion gas pipeline with China, its choice of him as the most powerful person "simply seems prescient."

"Russia looks more and more like an energy-rich, nuclear-tipped rogue state with an undisputed, unpredictable and unaccountable head unconstrained by world opinion in pursuit of its goals," it said.

"Heading into the second half of his second term, Obama seems stymied both by the West African Ebola breakout and a blood-thirsty militia named ISIS, which threaten to undo all the gains of a 9-year war in Iraq that cost the lives of 4,500 Americans," Forbes said. (Snipped . . . )

Source: http://timesofindia.indiatimes.com/india/Modi-among-worlds-most-powerful-Putin-tops-Forbes-list/articleshow/45050061.cms
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AN EXPLANATION OF THE FACTIONS