Thursday 17 September 2009

Sell me short.



Sell me short. Writing about the corporative culture is a bit ungrateful. For three days I am doing this “awful war”. And at the next, in any way hating myself because of pretending to come along calmly with “architectured by me” status quo. When I refuse to sell me short and also because I’d got plenty to offer. Mean, to end the Russia suit, the BNY Mellon’s give a $ 4 billion. Railing in this way against the system will only get me branded as a troublemaker. Besides, it’s not as if anyone is going to listen to the “sole” voice of reason. (I.e. the article “KKR $700 million financial hand to the Kodak”). So, like I said yesterday, elementary cooperation is needed. Where is of course lie, the direct connection between the pirate Barroso elections and the freed of the former Bosnian Serb President Biljana Plavic. See how comes around my to Expo 98 Porland 450 cement stolen by the ex President of Portuguese Republic s*** Sampaio? Of course notable too the connection between the rubbish of East European missile “defenses” and the cheer drama of: “…Majority against: For a brief moment, the parliamental majority was against Barroso. ALDE, the Social Democrats within the European S-D faction, the socialist EUL-NGL (European United Left – Nordic Green Left) and G-EFA (Green – European Free Alliance) hold 356 seats in the 736 seat parliament, giving the 27 independent members a decisive vote, though they in general also would like to have Barroso replaced. The newly elected President of the European Parliament, Jerzy Buzek, then mobilized and for a brief moment supported a compromise, which would have seen Barroso being replaced by another political figure representing the EPP. The main candidates to replace Barroso were French Prime Minister François Fillon and Dutch prime minister Jan Peter Balkenende. ). Of course, were “Royalties and Concessions” which “oblige” the Habsburgs-Lothingen to ban decision of the Constitutional Court where is long stated that the “ruling house” can’t ballot for president election next year. Not necessary be anti-European to se the dirty politics of almohads Barroso and Solana through the unfounded, unreasonable, unsubstantiated of clown-fish Fergy. Look at the colour of this Portugal Telecom defenders of the new EU member Turkey. And you understood the ‘double hull” of Artic Sea, which part of pie the Spain wanted (i.e. theirs color in Spitzbergen) and the next after elections day, the 475 years of one private school where his, Barroso son is learning. Observing without becoming involved, maybe will help, sort of speak, since my writing can develop into something of problem-solve. In same time, it’s obvious that my dogmatic and fixed opinions can arise huge disagreements. But, when the Trevor Edwards (the BNB Recruitment Solution Plc Company) want not to make a date – “we” commence to be converted into serious consideration.

Barclays' opaque asset dealWednesday 16 September 2009 21.24 BST. The bank has sold $12.3bn of toxic loans to some of its own former employees – and lent them the money to buy it There was a mass walk-out at Barclays yesterday. Some 45 highly paid financial engineers upped sticks to form an asset manager called C12 Capital Management, which has a contract with an outfit called Protium Finance. Don't ask who is behind Protium because the partners don't want to say, and that's the way life is in the Cayman Islands. These arrangements carry Barclays' blessing, of course. In fact, the bank is very excited about dispatching $12.3bn of credit market assets (toxic junk to the rest of us) to Protium while also providing a loan of $12.6bn to the fund. The benefit is apparently "more stable risk-adjusted returns for our shareholders over time". Hmm. The phrase "over time" is crucial. On day one, Barclays gets virtually no protection via this transaction. If default levels explode soon, Barclays will simply have an impaired loan on its hands. Life would be better if defaults exploded after, say, five years. In that case, the loans would have had time to throw off some excess cash, which would serve as a buffer and benefit Barclays. And, if mass default doesn't occur in the next decade, then Barclays is repaid $12.6bn plus interest of $3.9bn.Hold on, you might say, hasn't Barclays' Bob Diamond spent the last two years telling us that some of this toxic stuff will turn out to be semi-healthy? Well, yes, he has, which is why this transaction looks very odd. In the jargon, Barclays is capping its upside. Some of the assets are in the books at just 10% of face value. So Barclays is surrendering the chance of selling one day at, say, 20% and accepting instead a modest-looking rate of interest on the loan. Why would it want to do that? The answer seems to be that it doesn't like the price volatility in credit assets. Accounting rules say hits to valuations have to be taken through the profit and loss account. So Barclays would dodge those bullets. But the risk that the $12.6bn loan becomes impaired remains. It all seems a terribly roundabout deal. One suspects the most likely winners are the mystery folk behind Protium. They're putting up $450m but it's not capital at risk; it's really working capital. Yes, they are tying up that capital but they have the off-chance of a bumper payday in 10 years. It's not necessarily a winning bet, but the odds sound nice.The other winners, probably, will be the 45 evacuees from Barclays. They are not, we are assured, the same folk who brought the junk into the bank in the first place. But they wouldn't be departing unless they thought they stood an excellent chance of making even more money than Barclays would pay them over the next decade. Welcome to the new, transparent world of banking. Ain't it marvellous?

Duchess 'faces Turkish police grilling'. Wednesday, September 16 11:58 am. The Duchess of York is reportedly facing arrest over claims she broke the law by taking part in a TV documentary about Turkish orphans.Skip related content Authorities in the country are angry at Sarah Ferguson's appearance in the ITV programme which claimed children were being neglected. The Duchess, disguised in a black wig and headscarf, was accompanied by her teenage daughter Princess Eugenie. At one point she was tearful when she saw the conditions some youngsters lived in. Prince Andrew's former wife is accused of breaking privacy laws. Turkish officials have already spoken out against the Duchess, accusing her of trying to smear the country's image to prevent it joining the EU.

Habsburg goes to court over presidential ban. Thursday, 17. September 2009 - 11:09. A Habsburg family member and his daughter-in-law have gone to the Constitutional Court after they were excluded from presidential elections next year. Ulrich Habsburg-Lothringen, a Green councillor in Wolfsberg, Carinthia, and his daughter-in-law Gabriele Habsburg-Lothringen, want the court to review whether the ban is constitutional. Austrian election laws prohibit any member of the house of Habsburg or any member of a "ruling house" to become a candidate for the presidency. The ban dates back to the days of the First Republic, when many people wanted to ensure there would be no restoration of the Habsburg monarchy. Habsburg-Lothringen has also asked Social Democratic (SPÖ) Chancellor Werner Faymann to take a stand on the issue. Habsburg said today (Weds): "We will wait for four weeks for the government to take a stand." Habsburg’s lawyer Rudolf Vouk said the ban was discriminatory and violated Austrians’ right to a free and democratic election. Vouk said Habsburg was far down the line of succession to Austria’s last Emperor Karl I and that his daughter-in-law had been named Wetschnig before marrying Habsburg’s son. She, too, is excluded from the presidential election because of her marriage. Vouk said: "The Republic can afford to take a milder approach to its history," adding Habsburg had decided to act now in order to have the issue settled well before the presidential election next year. But he said his client was not yet thinking about becoming a presidential candidate. Austrian Times. Tag cloud: Austrian elections violated succession Constitutional Vouk Rudolf discriminatory Lothringen marriage Habsburg court Emperor settled lawyer presidential history candidate excluded Democratic

Teen gunman storms school in Germany. A victim of the attack is put into a helicopter to be flown to hospital. Four schoolchildren have been badly injured.17.09.2009 - 12:08 UHR. Many schoolchildren have been injured in a shooting rampage at a German High School, at least three seriously. The attack took place at the Gymnasium Carolinium in Ansbach, Bavaria. Initial reports stated that the teenaged attacker broke through the front door using an axe at 8.35am and then stormed the building, throwing at least one Molotov cocktail firebomb into a tenth grade classroom and then opening fire. Police spokesman Peter Grimm said: “Four students were injured, one of them seriously. The students were in the eighth grade.” He later put up the injuries estimate to ten. The seriously-injured kids may have been felled by shots to the stomach, according to NZ-Online via Twitter. One student was taken to hospital by an ambulance helicopter. Police shot and wounded the gunman before putting him under arrest at 8.45am, ten minutes later. According to reports from N24, the attacker was a 19-year-old from the 13th grade. Further details regarding the identity of the attacker are not yet known. Police and rescue workers were deployed in force, and the school grounds completely sealed off. The Bavarian Ministry of Education said that all 700 students were evacuated from the school. The Carolinum High School in Ansbach, Middle-Franconia, claims to be the second oldest public high school in Bavaria. Founded in 1528, it celebrated its 475th anniversary in 2003. It has a focus on language and music and in the 2006/07 school year a shortened graduation time was introduced.

Kodak Gets Financial Lifesaver From KKR. Eastman Kodak Co., bolstering its balance sheet as its business deteriorates, said it will raise up to $700 million in debt in an investment led by Kohlberg Kravis Roberts & Co. The deal gives the camera and printer maker, which had $1.13 billion in cash at the end of June, more financial breathing room, as well as capital it can use to pay off debt that could come due next year. The financing comes at a steep price, and KKR could end up with a 20% equity stake in Kodak by exercising warrants issued as part of the deal.

Зайдет ли Arctic Sea в Лас-Пальмас? DVB Bank стал инициатором крупнейшей серии арестов судов в Гонконге в течении последних 6-ти лет, было арестовано 6 российских судов. Стоимость спора – около 20 миллионов долларов по закладным. Все суда принадлежат российской компании S&T Group из Владивостока, всего ей принадлежало 9 судов. Поначалу банк хотел продать суда оптом в частном порядке, однако адмиралтейский судья Гонконга Ансельмо Рейес наложил на эту продажу запрет и потребовал аукциона. Банк выразил свое разочарование решением суда, ведь долгов по ним уже не числится, в том числе долгов по зарплате экипажам. Все суда под флагом Маршалл постройки 1991-1992 гг: 4,700 dwt ST Brilliance, ST Fidelity, ST Spirit и ST Star, а также 6,900 dwt ST Forward и ST Leader

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