blogs to be made here in this week of upcoming celebration.. the following.. which amis intend I send to Bill and Co in light of their responsible constraint/s.. the gift of getting as it were explained in the footnote attached..
The full report Sovereign Risk: Review 2009 & Outlook 2010 — Fasten Your Seat Belts: Tumultuous Times Ahead has been made available for free download to Research Recap users for 30 days by special arrangement with Moody’s, an Alacra content partner. (After 30 days the report will revert to its regular AlacraStore price of $550.00)
It first appeared here as update material to the previous post, part of which intimated bilateral arrangements as conduits for currency stability etc. Just so you know where it’s coming from.. and in particular, why.
Technorati Tags: Australasia, blogging, business, Financial, Life, News, NZ, politics
In some rather surprising places for whom mention of the entity below appears relevant to intended/impending investments: —
Representatives of more than 90 Dubai World bank creditors are expected in the emirate on Monday for a first face-to-face meeting between the company and its banks since it told them to prepare for the restructuring of the $22bn in debts needed to keep it out of the insolvency courts. Creditors will meet a six-strong co-ordinating committee,…
To creditors any intentions insofar bilateral ‘financial services’ arrangements and supposed strength in its connectivity to the ‘Gulfo’ are more a matter of be wary at this juncture than anything else. Let not confidence inflate.
Technorati Tags: Australasia, business, Financial, News, NZ
That folks who en masse both supported and voted constitutional democracy writ large should lose sight of what that would come to mean for the planet. In a phrase: away with the mob*, bring on mobility.
RNZ gnashional – blessem – have a geared version of events @CoP15, both interesting and amusing to hear its contributors along with their various claims. Gotta stay with the game.. eh John. And the “better” way for that is not to mention or attribute claimed “progress” as sourced elsewhere, and likely penned there, too.
Advisory if I may: stump up with the written words signed off else do not embarrass folks with what at best can be termed cover stories.
* Simon Upton may care to recall how bloody awful the process was back in the 90s. So why did it remain, indeed worsen. Answer: silos.
PS: msge from a dear friend: — beached, resting @ bach.. next deck the halls.. then invites.. YOU will come. Eo E amore.
The bottom of what..?
Tomorrow the voice said.. Saturday that’s what..?
(Shaking head in despair —hey you wanna see me in disgust 
) Huh, the bottom of Saturday..?
Wouldn’t I be real lucky for that what… aka we have a line in now and shouldn’t be too long.. yet there’s more turbulence than I’d figured.. sticking with it tho..
Received this day from Team China – (h/t: climateprogress) we have word from US Secretary of State, Senator Clinton per:
U.S. Secretary of State Hilary Clinton announced $100 billion in aid for developing countries, however contingent upon international MRV.[measurable, recordable, verifiable] In emphasizing the U.S. commitment to work towards a common goal, she cited a Chinese proverb:
I have often quoted a Chinese proverb which says that when you are in a common boat, you have to cross the river peacefully together. Well, we are in a common boat. All of the major economies have an obligation to commit to meaningful mitigation actions and stand behind them in a transparent way. And all of us have an obligation to engage constructively and creatively toward a workable solution. We need to avoid negotiating approaches that undermine rather than advance progress toward our objective.
Nice touch, worthy of like responsive responsibility.
Technorati Tags: Asia, Australasia, blogging, business, climate, Europe, Financial, Life, News, NZ, politics, USA
Folks pointing out how the Exxon XTO buy-in of $41bn is for gas power resources aka less greenhouse gas emission levels than coal and oil..
I’ve no idea if this will confirm, but the Washington Post piece appears to source it from the buyers themselves so mebbe we can take onboard a little spin at the same time..
Technorati Tags: Asia, Australasia, business, climate, Europe, Financial, Life, News, NZ, politics, USA
Yukio Hatoyama(PM, Japan) has upped to $10bn his country’s contribution to global climate change solutions..
Signers to the letter to President Obama (below) are more than adequate hint to the strength of American presence in Copenhagen right now.. Here and speaking for themselves then..
Dear Mr. President:
We are major U.S.-based companies, many of which are attending COP-15, urging your leadership in helping to secure a robust international agreement now to address global climate change.
This agreement has to include significant near- and long-term emissions reductions targets and strong finance provisions, with a substantial commitment of new long-term finance from developed nations, including the United States, following on the “fast start” commitments that already have been made. Such provisions also should consist of a structure for the long term and should leverage private sector investments.
An international agreement also must facilitate clean technology development and transfer, with appropriate intellectual property protections. Such an agreement will provide the market certainty that will unleash the investments needed to create jobs and enhance U.S. competitiveness.
We must put the United States on the path to significant emissions reductions, a stronger economy, and a new position of leadership in the global effort to stabilize our climate. The costs of inaction far outweigh the costs of action. Our environment and economy are at stake. In addition, millions of people in developing and low-lying nations are at risk from climate and related economic dislocations, which further pose geopolitical threats. These factors highlight the urgency for the administration to achieve a global deal in the coming days that moves us ever closer toward a legally-binding agreement that will protect us and future generations.
Many businesses are doing their part by creating innovative technologies and reducing their carbon footprints, as well as implementing complementary efficiency and renewable energy measures. However, a “sufficiently ambitious, effective and globally equitable deal [is essential to] create the conditions for transformational change in our economy and deliver the economic signals that companies need,” if they are to invest in a low carbon future.
The urgency to act is clear and the need for strong leadership is paramount. We pledge to support your leadership efforts in helping secure a strong global agreement.
Moreover, businesses should provide input into the negotiating process to ensure that the policies being developed will not create unintended consequences and will maximize opportunities for innovation. We view the latest bipartisan discussions being led by Senators Kerry, Graham, and Lieberman as critical to domestic action, and pledge our support for their continued efforts in the weeks and months ahead, too.
We thank you in advance for helping to protect our economic, environmental and national security interests for the future. Your forceful leadership is essential to securing an international deal to address climate change in Copenhagen. We look forward to working with you in the coming days and going forward following the Copenhagen conference.Sincerely,
Aspen Skiing Company
Ben & Jerry’s
Business Council for Sustainable Energy (BCSE)
Clif Bar and Company
Dow Chemical
eBay
Eileen Fisher
Gap Inc.
GroSolar
Ingersoll Rand
Jones Lang LaSalle
Jupiter Oxygen Corporation
Levi Strauss & Co.
Microsoft
MissionPoint Capital Partners
Nike
Northern Grid
PG&E
PSEG
Seventh Generation
Solazyme, Inc.
Solar Energy Industries Association (SEIA)
Starbucks
Stonyfield Farm
Sun Microsystems
Symantec
The North Face
Timberland
H/t: solveclimate.
Technorati Tags: Asia, Australasia, blogging, business, climate, Europe, Financial, Life, News, NZ, politics, USA
Would be the words to best describe Austria’s bank Hypo Group Alpe Adria.. for its business in Austria, Europe and the Balkans. News from Dow Jones shows how this weekend lack of liquidity drove HGAA into nationalization. Details below.
The deal required the personal intervention of European Central Bank president Jean-Claude Trichet, who called both Austrian Chancellor Werner Faymann and Horst Seehofer, governor of the German state of Bavaria, to ensure that the bank, 67% owned by Bavaria’s BayernLB, was rescued.
Trichet’s involvement underscores enduring worries in the highest circles about the stability of Europe’s banking system, after the crippling losses suffered by many banks in the financial crisis. With only EUR43 billion in assets, HGAA is by no means a large bank from a continental perspective, and operates mainly in southeastern Europe, outside the euro zone and even the European Union.
The deal averts an insolvency that would have strained Austria’s domestic banking market in its own right, and dealt a possibly damaging blow to the standing of other Austrian banks. They expanded rapidly in central and eastern Europe over the last decade, and are now accordingly stretched by problems with heavy loan and foreign-exchange losses in those markets.
The risk of contagion spreading from either the Austrian or the Balkan banking market appears to have been considered too large to ignore.
Before an emergency shareholder meeting at the weekend, neither Bavaria, nor the Austrian federal government, nor HGAA’s minority Austrian shareholders had been willing to inject extra funds to keep HGAA alive.
“In the end, ECB President Trichet called Chancellor Faymann, to make clear the seriousness of the situation,” an informed source said, requesting anonymity.
Trichet and Deutsche Bundesbank president Axel Weber also called Bavarian Governor Horst Seehofer to urge him to agree to a deal, people in the banking world told Dow Jones. The Bundesbank confirmed only that it “had participated in the background” to finding a solution.
Under the terms of the deal, the Austrian federal government will assume 100% of HGAA’s equity and underwrite EUR450 million in new equity, while the former shareholders will waive claims of just over EUR1 billion, and continue to extend EUR3.4 billion of liquidity support to the bank in place. Austria’s largest banks, including UniCredit SpA, Raiffeisen Zentralbank and Erste Bank AG, also agreed to provide another EUR500 million in contingency liquidity support.
Technorati Tags: Australasia, business, Europe, Financial, Life, News, NZ, politics, USA
