I never feel such real fear before.

6/12/2009 8:06:39 AM. My regulations tell me this: If a financial detail provide baffling, my best bet is to get to grips with this matter myself – especially if someone (i.e. Lancaster’s) who’s representing me has been tardy about providing hard and fast feedback. Not only because, I never feel such real fear before. The ugly feeling. This was in my tonight dreams. A very authentic and short one after another, two dreams. In one I’m walking with my son after work in clear yet street. He has a special model of cellular phone. Very bulky, but had something special gadget inside that you must have a close to see some kind of images. The type of periscope something. Behind us appeared bunch of young’s. Seems that my son know them. But they begin some kind of jock, some kind of bullying with us. Trying taking the mobile to see how this gadget works, taking him from us, etc. They speak with us in I don’t know which language. Something likes FIFA, FA, or OPEC “language”. The language which the BNB Recruitment Solutions Plc Company (i.e. Lancaster’s or in which degree they Lancaster’s are shitty.) with Smolensky (i.e. Trident) understood perfectly well… Another part of dream I’m in some kind of club. Country Club maybe in Cantina something (i.e. the Gasprom, Eni and Libya persistent negotiations’). Again, I’m with my son. Now, the bunch of thirty-years old, very good looking does the same. They implicate, they treat, they abuse and they put me embarrassed, desperate, and afraid. Another thing I was thinking about this dream. The who’s really responsible by the Holocaust Museum shooting. And how PSD’s Europe of Tridents and Trevors Edwards quickly want to forget the history lessons. The “artificial” and practical MY JOCK with D Day invitations…

BlackRock to buy BGI for $13.5bn June 12 2009 09:56. BlackRock has agreed to pay $13.5bn in cash and shares to buy Barclays Global Investors in a deal that will make the US money manager the biggest in the world – with more than $3,000bn in assets under management. Under the deal, Barclays will wind up owning nearly 20 per cent of BlackRock, while Bank of America’s existing stake – acquired as part of its purchase of Merrill Lynch – would drop to just under 35 per cent from the current 49 per cent. John Varley, Barclays chief executive, said in a statement on Friday: ”We believe that the proposed transaction is a very good one for our shareholders. We would realise immediate and substantial value for BGI and create material economic exposure to a highly competitive global asset manager through two channels: a substantial equity participation in BlackRock and the ongoing commercial relationship between Barclays and the new business.” Shares in Barclays were 1.4 per cent lower at 300.3 pn in early London trading on Friday. The deal marks a milestone in BlackRock’s transformation from a specialised fixed-income fund manager to a diversified asset manager with capabilities in debt and equity as well as in active and passive fund management. The purchase price will include $6.6bn in cash and the rest in shares. Barclays put the total value of the offer at $13.5bn. BlackRock planned to finance the deal with a combination of debt – including $2bn from Barclays – and $2.8bn in equity from several sovereign wealth fund investors. A person familiar with the deal said those investors would include the Kuwait Investment Authority, Government of Singapore Investment Corporation and China Investment Corporation, China’s sovereign wealth fund. Laurence Fink, BlackRock’s founder and chief executive, is close to sovereign wealth funds in the Middle East and Asia, many of them clients of BlackRock Solutions, his firm’s risk management advisory business. Some of BGI’s 3,500 staff worldwide – including Bob Diamond, Barclays’ president and chairman of BGI – stand to share a payout of $1bn from the deal as a result of their participation in an equity ownership plan approved by Barclays’ shareholders in 2000. Barclays said Mr Diamond stands to receive a net $36m from the BlackRock deal. It said he would have paid $10m to acquire his shares. Mr Diamond said on Friday that the rationale for separating BGI from Barclays was increasingly compelling, given that US regulations made it a “nuisance” for bank-owned asset managers to operate effectively as independently owned groups gained in strength. “Over the last decade, if you look at the top 50 asset management firms, the number who are managed independently away from a financial institution have grown from under 30 per cent to just about 50 per cent,” he said. “The Erisa laws in the US and the Forty Act regulation... has been a nuisance for Barclays Capital and BGI in doing business... [It] became a real obstacle to growing businesses on both sides and as Barclays Capital now has one of the biggest, deepest client bases in the US particularly around the cash equities business... Erisa and the Forty Act were becoming a real business blockage. This transaction put BGI in the strongest competitive position, but also provided for Barclays, an opportunity for Barclays Capital and BGI to blossom in terms of business flows.” The bank said that the net gain of $8.8bn from the deal would be used to bolster its capital strength, boosting its equity tier 1 ratio by 163 basis points and its core tier 1 capital ratio by 150 basis points. Including the impact from the conversion of convertible notes issued in November 2008, Barclays said its equity tier 1 ratio would have been 8.3 per cent at the end of last year while its core tier 1 ratio would have been 8 per cent. “We’ve made the assumption...that the capital that is being liberated here will be held to support the capital ratios for a period of time,” said Mr Varley, who denied the capital would be redeployed in the near term. “We can turn that dial when we choose to. For the foreseeable future, you should make the assumption that it’s held to support the capital ratios, but when we think the moment is right, then of course the scale of capital we have within the group does give us some optionality and that’s the right way of looking at it.” BlackRock’s Mr Fink first heard that BGI’s iShares unit was for sale when he was travelling in the Middle East in January. He then began a courtship of Barclays’ top executives, including Mr Varley and Mr Diamond. But as news of the talks between BlackRock and Barclays emerged, BlackRock’s shares rose, making what was originally a $12bn deal more expensive. CVC Capital Partners, the private equity group that won the auction for iShares in April, stands to receive a $175m break-up fee. The iShares auction included a “go shop” clause, which allowed Barclays to solicit alternative buyers during a 45-day period to determine if iShares could be sold at a higher price. CVC now has until June 18 to propose an alternative transaction. Barclays Capital and Lazard advised Barclays on the BGI deal, while Citigroup and Credit Suisse acted for BlackRock.

Cristiano Ronaldo transfer: ‘Manchester United agreed to sell six months ago’ After new Real Madrid president Florentino Perez followed up the signing of Kaka with a world record £80 million bid for Cristiano Ronaldo, his predecessor, Ramon Calderón, claimed the club had a “gentlemen’s agreement” with Manchester United six months ago. It is only two weeks since Florentino Perez returned as Real's most powerful figure, after Calderón was forced to step down due to corruption allegations. And Calderón, in an interview with the Sun newspaper, insists that he should be credited with laying the foundations for the incredible deal that will see the Portuguese winger move to the Bernabeu. “We were in touch with the player. That is the important thing to know now,” Calderón said. “As far as I knew, he got the agreement with the club. He wanted to leave at the end of this season. “That was what he agreed with the club and therefore it was easy, knowing that the player wanted to come to Real Madrid, to get a deal let’s say. We agreed everything and he decided to come.” Calderón added: “Let’s say it was a gentlemen’s agreement in order not to bother Manchester last season, because (United manager, Sir Alex) Ferguson also wanted to keep the player. “For this reason we decided to wait until this season and that is what has happened.” Asked outright if he were the one who signed Ronaldo, Calderón was modest in his assessment of his own role though clearly satisfied with his work. “I did whatever I could to have Ronaldo at Real Madrid this next season,.” he said. “That was the important thing to do. I did my best. I think it was OK to do that, to talk to him and try to convince him it was the best solution for his future. “That’s all. I don’t mind that someone else is going to present him. That’s not important. The important thing is Real Madrid. I’ve been working for this club and I’m very happy he’s definitely here.”