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He's lactose intolerant as far as yak's are concerned, so I think yurts would be a steppe too far.

But we were talking again about a bucolic centre of creative and intellectual excellence ;-) ETopia

You can't be me, I'm taken

by Sven Triloqvist on Thu Aug 16th, 2007 at 04:22:34 PM EST
[ Parent ]
I think ETopia needs young people, lots of 'em, I saw some lovely ones chained to the gates at Heathrow.  Great comments they made, too.  The police chief very nervous.  He has zero intention of hurting the children of the well-to-do, but there are orders... oh shit.

Hold on.  Great diary!

I second Sven's questions.  Maybe add one of my own.

How are the divisions within the banking community?  If I've understood things, you--Jerome--are working for a prudent company that listens to its staff and projects over the long term.  You call a pox on financiers, reminds me of the italian film about the mafia bag man...  Confessione D'Amore.  Or was it confessioni?  I've searched but I can't find it.  I've got the title wrong, surely.  A grey-suit guy who lives in a hotel in Switzerland as does nothing all day, never leaves the hotel.  Once a month, he goes to the bank.  My wife thought it was way too bland, so she went to bed, and then the guns came out.

So I wonder how the financial community divides up, as percentages.  If sixty percent are progressive, then they are in the position of the rest of us.  So how do they suggest we behave, in order to reach a position of maxium renewable power for minimum loss of pleasure.

Heh!  ETopia must also have accomodation for the elderly, and a very liberal policy towards substances which alter behaviour, such as coffee, tea, or electricity.

Ho!  

Don't fight forces, use them R. Buckminster Fuller.

by rg (leopold dot lepster at google mail dot com) on Thu Aug 16th, 2007 at 07:12:55 PM EST
[ Parent ]
Plus what Chris said.

Don't fight forces, use them R. Buckminster Fuller.
by rg (leopold dot lepster at google mail dot com) on Thu Aug 16th, 2007 at 07:39:13 PM EST
[ Parent ]
on my own employer, for what I hope will be understandable reasons. I'll stick to the safe side and say that I don't really know what's going on in other parts of the bank. It is supposed to be a rather conservative institution, and it is not a high flying investment bank focusing on hedge fund clients, so I hope that it will end up being safe, but I don't really know.

All I can say is that I expect my particular sub-business to be reasonably immune - and, even, to regain in favor as "stodgy and boring" becomes "safe and sound" (as a financial technique) and to keep the edge provided by the fact that renewable energy needs are unlikely to go away.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Fri Aug 17th, 2007 at 12:26:59 AM EST
[ Parent ]
Several bankers and analysts i've spoken with in recent weeks (days) have commented that windpower is overvalued.  One even said under current conditions wind stocks will "get hammered."  This goes against what i believe, which is that the windpower pipeline remains fundable.  I wonder what will actually happen.

Skennah Kowa
by Crazy Horse on Fri Aug 17th, 2007 at 06:44:43 AM EST
[ Parent ]
is the equity side, i.e. the valuation of companies that own wind power assets and hope to make a lot of money on the basis of either of two things, taking into account stable cost base (mostly debt repayment):

  1. stable revenues (feed in tariffs and other similar arrangements guaranteeing the price for renewable energy): returns are almost certain, and thus valorised as such - very little risk, so project value raises to that of the equivalent of a safe bond, i.e. with similarly lowish return

  2. variable revenues, but predicated on market prices for electricity, which are seen as going up. This is a bet on higher oil and/or gas prices, but with a floor of sorts (i.e. the pricve for renewable power will never be less than something which is pretty easy to estimate)

The lending side - which is what pays for the construction of the wind farms - works mostly on the basis of the certain revenues, and thus risk is limited and well understood. Remuneration for banks was getting skimpy, and some terms were getting somewhat aggressive (counting 20 years of revenue instead of 15, for instance) but things did not become completely unreasonable.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Fri Aug 17th, 2007 at 07:07:15 AM EST
[ Parent ]
I think ETopia needs young people, lots of 'em, I saw some lovely ones chained to the gates at Heathrow.  Great comments they made, too.  The police chief very nervous.  He has zero intention of hurting the children of the well-to-do, but there are orders... oh shit.

The entertainment of the police dealing with the children of the well-to-do can be quite amusing. but the truly entertaqining stories of those things will have to wait till an ET meetup occurs.

but an example that wouldn't be considered libelous, and involves the health service rather than the police. At the bottom of my street used to live a man who was truly certifiable, who one day over a truely minor provocation (someone else had used his favourite mug) he charged round his own kitchen, utterly demolishing every single cupboard and unit in a £10,000 fitted kitchen (and this was at the end of the 80's) he finished this off by running the full length of said kitchen and putting his head through the internal door. We decided that the only sane thing to do was to grab someone we knew who worked in the mental health field and send him down to have a look and work out if we should get him comitted so he could get propper help.

Half an hour later he came back and said to us that it was never going to happen,  his mother was a senior member of the comittee of a major charity, his father  was a major member of an international organisation. We were told that there was no way this man would ever be comitted, unless he killed someone, up untill tghat point he was merely eccentric.

Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.

by ceebs (bunchofwankers (at) gmail (dot) com) on Fri Aug 17th, 2007 at 06:28:43 PM EST
[ Parent ]
I think you know not what you are talking about, Sven.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Tue Aug 28th, 2007 at 03:38:34 AM EST
[ Parent ]

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