7150

You see how the very “old family issue”, the 8%, the one that I’ve been dealing with forever, or at least so it seems by me and by them (i.e. by the Royal Family of Lancaster’s), has once again popped in? The second time ‘Mister COP15’, the second time. Also it seems that this one, - for an extended, should I say, prolonged visit. Not that I’m ill or something, no, - I’m just distressed by it. And so are my so-called “colleagues” and “co-workers”. (The some times I call them “Brotherhood of City”). The truth be told, there’s no one left, who isn’t sick of it. With the egos involved, (what do you expect from the “Racist issue” and the “African Question” Your Majesty?), - no one is willing to let it go, at least (‘Oh!’, ‘Not again!’) until I do something about it. Just because you are convinced that it is my inconsistency which is lead me down. With which I strongly disagree. At least, by the last two decades. ‘Unfortunately’, - I am very observant and can quite easily to spot the emerging trends. To discounting the strong and continuous emotional manipulation, which has been applied upon me. Before Your Majesty decide what need to happen next, you have to understand more what has happen in the past, and why the things have been developed as they are… (“Cynism – is asset also…”). And the exact reasons that keep be not interested in cleaning the oily shits for your “Wellfair2Work”... Why you permit this routine of subconscious limitations (in “my” case, - the constant hitting on my head) with inadvertent irritation, - is up to you. May be it’s because the warm word will replace the chilly criticism? From the bottom of my pocket, - the deep illumination for you...

Train broke in half, in Ovar. Accident cuts the Northern Line. A freight train, which contained flammable products and wood, derailed yesterday afternoon near the way station of Válega in Ovar.The train, which broke in half and damaged the power transmission posts, cut the Northern line in that area. At the end of last night, rail traffic would be to reopen so constrained. According to a source of CP will require about a week for the circulation returns to normal. The accident, at 15:45, frightened residents of the quiet village of Válega."I heard a huge bang. When I looked I saw many flames, because the cables are all gone," said Anthony Rodrigues CM. As the cause of the derailment CP indicates "an extension of the line, which made the axes oscillate.

Indian Landmine Explosion Kills Five Security Personnel, Xinhua Reports. Jul 17, 2010. A landmine explosion in the central Indian state of Jharkhand today killed five members of the security forces, China’s Xinhua news agency reported, citing police. To contact the reporter on this story: Sydney at @bloomberg.net

PT asks Telefónica more time to negotiate and put the executive committee to lead the process. July 16, 2010 | 22:06. PT wants the negotiations to deepen. Asked for more time to Telefónica, which will be granted. PT will move the negotiations of the board for the executive committee. There are several options on the table. Portugal Telecom to Telefónica asked for more time to see if it comes to understanding Brazil, found the business. Telefónica is now deciding whether to give this time, and keeps saying the proposal of 7150 million euros to buy part of the PT in Vivo. However, in recent days stepped up negotiations and the positions are not moved away. That's what led to the decision of the board of PT. The aim is to continue with negotiations, but at a deeper level, through the board's executive committee for the PT. Telefónica must accept to keep the negotiations and expects to be in the communique to be issued this evening we can come up with a term. The Government today reiterated its opposition to the sale of Vivo, the same day that Ricardo Salgado stressed that PT should accept to sell the mobile operator, to stay with the availability of funds to seek alternatives in Brazil. For the Government, the condition is that PT will remain in Brazil.

Goldman and BP suffer costly reputational hangover. JUL 16, 2010 15:47 BST. It’s nearly over. Wall Street bank Goldman Sachs has settled fraud allegations with the U.S. Securities and Exchange Commission with a $550 million slap on the wrist. BP has shown it can halt the flow of oil from its bust well in the Gulf of Mexico, giving confidence to recent research that the leak could cost the UK oil group less than $30 billion. But shareholders have paid a far heavier price for these episodes than the quantifiable damage suggests. That deficit has one obvious explanation: the cost of reputational damage.
Take Goldman. Its shares rose only modestly on Thursday’s deal with the regulator, leaving its market capitalisation at $74.8 billion, 21 percent lower than its value on April 15, the last day before the SEC filed charges. Almost half of that is attributable to the fall in global equity markets, taking the MSCI World Index as a benchmark. After backing out the paltry fine, there is $9.7 billion of value destruction to explain — 11 percent of Goldman’s value adjusted for falling markets. It’s a similar story at BP. The group is worth 77.6 billion pounds, 36 percent less than its value before the Gulf well blew on April 20. Adjust for the fall in global markets over the course of the spill, and back out 19 billion pounds for the latest estimate of the known costs of the clean up and compensation, and there’s still 16.1 billion pounds of value destruction to account for. That is 14 percent of BP’s adjusted market value. It would be too crude to conclude from this analysis that reputation is worth about 12.5 percent of market cap, or that BP somehow has a higher “reputational beta” than Goldman. Both companies face continuing business challenges arising from the episodes, and the UK oil group’s predicament is still much more uncertain than Goldman’s. But what is clear is that reputation has huge value. Companies need to guard it more vigilantly.