Monday Open Thread

by In Wales
Mon Mar 15th, 2010 at 12:14:19 PM EST

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riveting. srsly.

And now the National Enquirer is up for a Pulitzer. How do you feel about that?
To me it shows, as a society, how cut off from the truth we are, that a magazine that pays their sources and every once in a while gets something factually correct is now eligible for a Pulitzer. Wow, we're all going to hell.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Mon Mar 15th, 2010 at 12:18:27 PM EST
The link goes to a story about John Edward's mistress...

That is cryptic.

You can't be me, I'm taken

by Sven Triloqvist on Mon Mar 15th, 2010 at 12:32:53 PM EST
[ Parent ]
The story is anything but arcane. It is profanity of the highest order. Blair should be so fortunate.

Diversity is the key to economic and political evolution.
by Cat on Mon Mar 15th, 2010 at 12:43:58 PM EST
[ Parent ]
OK I get it - I just wanted more of the 'going to hell' speaker. I had no idea that was the NE's story.

You can't be me, I'm taken
by Sven Triloqvist on Mon Mar 15th, 2010 at 02:28:56 PM EST
[ Parent ]
goodness, gracious salacious!

It's no secret that members of Congress broker deals on the treadmill or in the weight room of the House and Senate gyms. But former congressman Eric Massa's accusation that White House Chief of Staff Rahm Emanuel once berated him in the gym's shower over his vote against President Obama's budget left Washington watchers wondering how much business politicians conduct while naked.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Mon Mar 15th, 2010 at 02:43:19 PM EST
[ Parent ]
For a Finn, this raises no eyebrows.

You can't be me, I'm taken
by Sven Triloqvist on Mon Mar 15th, 2010 at 03:13:56 PM EST
[ Parent ]
<squint>

But Americans are not Finnish.
They are the world.
They are the children.
They are the ones who make a brighter day.

Diversity is the key to economic and political evolution.

by Cat on Mon Mar 15th, 2010 at 03:18:46 PM EST
[ Parent ]
I note that Bill Hicks, on return from doing stand up in England, said that doing his stand-up in the States was like presenting card tricks for dogs.

You can't be me, I'm taken
by Sven Triloqvist on Mon Mar 15th, 2010 at 03:24:32 PM EST
[ Parent ]
State of the Media, By the Numbers : CJR

The annual State of the Media report by the Pew Research Center's Project for Excellence in Journalism was released this morning. The report looks back on how every part of the media fared in 2009, including newspapers, magazines, network news, cable television, and online sites.

It's not the most uplifting bit of news about the news--but in a year that saw the most massive financial crisis since the Great Depression (on top of that whole broken business-model stuff), you already knew that.

Here are some of the report's more eye-popping numbers:

1) To put all those tiny little papercuts into perspective; each round of newspaper layoffs, here and there, equals one big gushing head wound:

We estimate that the newspaper industry has lost $1.6 billion in annual reporting and editing capacity since 2000, or roughly 30 percent, which leaves an extra $4.4 billion remaining. Even if the economy improves, we predict more cuts in 2010.


If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Mar 15th, 2010 at 02:02:20 PM EST
[ Parent ]
I share the NE's bemusement that they should be up for a Pulitzer. Not that breaking Edward's mistress wasn't a good story, but it says some terrible things about the rest of the industry.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 02:15:36 PM EST
[ Parent ]
mmm svenki is having you on.
The story linked has nothing to do with the reaction of National Enquirer to Pulitzer nomination.
I know, because I read the entire story.

Diversity is the key to economic and political evolution.
by Cat on Mon Mar 15th, 2010 at 03:22:28 PM EST
[ Parent ]
WELL!

If you're going to go around reading stuff ...

No one could have predicted

by ATinNM on Mon Mar 15th, 2010 at 03:27:20 PM EST
[ Parent ]
Ten pages, that's called commitment.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 15th, 2010 at 03:32:41 PM EST
[ Parent ]


Diversity is the key to economic and political evolution.
by Cat on Mon Mar 15th, 2010 at 04:10:48 PM EST
[ Parent ]
Now that's commitment I can go with. Isn't music great?
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 15th, 2010 at 04:34:48 PM EST
[ Parent ]
I bailed at page 2. Reille's unconditional love for Johnny damn near triggered a Bulemic Moment.

Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Mon Mar 15th, 2010 at 04:12:44 PM EST
[ Parent ]
YOU!
of slight intestinal fortitude, come closer. I have a question for you. Your answer true, it will be our secret.

In a dark room,
on a rainy night,
alone with a bear skin,
Hunter
or
Roberts?

Diversity is the key to economic and political evolution.

by Cat on Mon Mar 15th, 2010 at 07:48:46 PM EST
[ Parent ]
Hmmm...

I don't really know from Hunters. All I ever seem to catch is Snark.

Jesus died for somebody's sins but not mine - Patti Smith

by dvx (dvx.clt ät gmail dotcom) on Tue Mar 16th, 2010 at 04:41:22 AM EST
[ Parent ]
I really could've done without the photos.  The mere rumor of an Edwards-Hunter sextape is enough to make me want to launch a preemptive eye-bleaching and move to a cave in the Northwest Territories.

Breaking the story on the affair shouldn't be worth a Pulitzer.  The affair isn't anybody's business, and the only people who care about politicians screwing around on their spouses are the high-schoolers who pass for reporters in this God-forsaken country (I remind you of Clinton's sky-high approvals during the Lewinsky saga).

If they were the ones who broke the story on Edwards using campaign contributions to try to buy Hunter off (an actual criminal offense), and if that's what the Pulitzer is for, then maybe there's an argument.  That's a real story.  But I think that has to be balanced against Edwards's irrelevance.  It isn't like he got anywhere near the nomination anyway.

Then again, at least the NE made some effort at getting something approaching a story during the election season.  So maybe throwing them a bone wouldn't be the worst idea ever.

I seem to recall them breaking several stories on Palin's ethics and corruption issues in Alaska, too.  So...why not?  They did more actual reporting than any of the "respectable" news organizations.

As for the Edwardses and Garth -- who cares?  These people are all seriously fucked up, and the day the lot of them go away forever will be a good day.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (myfriends@thisispancakes.com) on Tue Mar 16th, 2010 at 08:38:57 AM EST
[ Parent ]
The United States is SOO CONCERNED about security issues south of the border.

Well, you want to know know something?

So are we!

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Mon Mar 15th, 2010 at 12:35:08 PM EST
Some local kids came to the door today looking to see if C was coming out to play. He's not even two yet.
by Colman (colman at eurotrib.com) on Mon Mar 15th, 2010 at 12:44:56 PM EST
how old were they ? If they're same-ish age I think it's great that your area is so safe that kids can roam and have lives.

It's almost impossible for kids to be allowed to have adventures for themselves here now. Too many cars, too paranoid about paedophiles or other child botherers.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 02:14:18 PM EST
[ Parent ]
There's an amorphous blob of kids from three - well two now - to twelve or so that play in the cul de sac. Not a lot of traffic, big front gardens, trees and stuff. The whole estate is mature and pretty safe,  though C is going to be confined to our front garden for a while yet!  
by Colman (colman at eurotrib.com) on Mon Mar 15th, 2010 at 04:49:27 PM EST
[ Parent ]
Oh noes. That means fag at 6, shag at 10, and first IT startup at around 12. Grief...

You can't be me, I'm taken
by Sven Triloqvist on Mon Mar 15th, 2010 at 02:25:20 PM EST
[ Parent ]
He's popular. That's all.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 15th, 2010 at 03:34:10 PM EST
[ Parent ]

Georgia still on my mind :-)


Backlash mounts over Georgia TV 'invasion' hoax
by Michael Mainville, Agence France-Presse | 03/15/2010 9:23 PM

Printer-friendly version | Send to friend | Share your views

15.3.2010, TBILISI, Georgia - Washington and Moscow joined a chorus of criticism on Monday of a Georgian television channel which bewildered and panicked viewers by airing a faked newscast announcing that Russia had invaded.

Arch-foe Russia predictably slammed the broadcast as evidence of President Mikheil Saakashvili's "paranoia" but its chief ally the United States also expressed sharp disapproval over the bizarre incident.

Adding to the controversy, the head of the television channel defended the false newscast while Saakashvili made little attempt to distance himself from the furore, saying Georgia remained threatened by a Russian invasion.
...
AFP

http://www.abs-cbnnews.com/world/03/15/10/backlash-mounts-over-georgia-tv-invasion-hoax



Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 12:54:02 PM EST
Just dropping in to let you know that there was over 45 minutes of good old Chomsky on Democracy Now! on Monday morning.  Chomsky starts at 12:20.

My cat Truffles loves Chomsky.  He's very pro-kitten, or so she tells me from texting with him.

P.S. Anybody who thinks that ANY Health Care Bill will do ANYTHING but further screw over the American public is DREEEEEEAAAAAMMMMMING!!

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Mon Mar 15th, 2010 at 01:48:27 PM EST
You should check out last night's OT. Izzy would beg to differ.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 02:12:05 PM EST
[ Parent ]
Oh contarare (sp?) my friend.  I lurk almost every day and I did see the interchange; decided to stay out of it.  I avoid Izzy at all costs these days; don't need the Powers That Be giving me nasty 2 ratings for no good reason.

Let's recite the rules of US governance:

  1. The rich/powerful matter and no one else does.

  2. Any policy sold to "help" the public in general is a sham.  Wait till you see what you really get.

It'll be like car insurance in the US.  If you want to operate a vehicle legally, you need proof of insurance to get a registration tag for your license plate.  For health care, doesn't matter if you're middle class or a bum in a tent city, you better have a health care card, PAID FOR, or they will do what ...?  Harvest your internal organs for research on immortality for the wealthy?  Hell of a research project if you think about it.  Don't want to arrest people ... too expensive.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Mon Mar 15th, 2010 at 02:29:02 PM EST
[ Parent ]
She's just down the road from you, so I guess discretion might be the wiser course.

I can't answer for the rest of it tho'.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 02:34:05 PM EST
[ Parent ]
"down the road" ... hell, she's all the way down in LA, like another country away.  No, it's that I came to ET for more/better info and I get that from lurking.  Conversing like this with YOU (!) is fun because I don't have to worry about every damn word I type.  "Am I insulting/attacking someone?"  Utter nonsense!

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Mon Mar 15th, 2010 at 02:54:48 PM EST
[ Parent ]
So you get your line in on health care and at the same time pretend you're not around for discussion? Pretty feeble for someone with strong opinions.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 15th, 2010 at 04:09:08 PM EST
[ Parent ]
Most unwise to diss Izzy... she has lethal shoes.  Gotta count for something.  Anyhow she's as entitled to her opinion as you are to yours and unless it seems as though you are going out of your way to offend, I'm sure you can have a civil discussion.

Are you sure you haven't been brainwashed by the anti-HC Bill lot?  Has your cat been chanting messages at you?

Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Mon Mar 15th, 2010 at 05:08:00 PM EST
[ Parent ]

Text version of what Chomsky was saying:


'Even the most radical conservative can agree with Noam Chomsky on at least one thing. "No one in their right mind wants Iran to develop nuclear weapons." But to Chomsky, nonproliferation requires reciprocal action, rather than international condemnation.
...
Chomsky takes a pragmatic view of international relations. His conclusion is that Iran is developing nuclear weapons out of a rational fear for its national safety because of the systematically threatening posture of the United States and Israel.

Noam Chomsky speaks in Harvard's Memorial Church on Saturday, March 6th, Chomsky critiqued the foreign policy of President Obama '91 and explained the historical reasons that Iran would perceive a need to develop nuclear weapons. "If they're not developing a nuclear deterrent, they are crazy." The problem, said Chomsky, is the defiant and hypocritical insistence of the United States on holding the constant threat of military action over Iran as a punishment for its noncompliance with United Nations mandates. "Hostile actions of the United States and its Israeli client are a major factor in Iran's decisions of whether or not to develop a nuclear deterrent."
...
Chomsky, when speaking about activism and civil disobedience, stressed the need for determined persistence. "You're not going to win tomorrow. You are going to have a lot of defeats, but you have to keep at it."

http://www.commondreams.org/headline/2010/03/12-0




Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 02:33:09 PM EST
[ Parent ]
Hello, Twank!  How are the truffles coming along?

Our knowledge has surpassed our wisdom. -Charu Saxena.
by metavision on Mon Mar 15th, 2010 at 06:27:17 PM EST
[ Parent ]
I have truly missed some of the ET folks, particularly you and Helen.

The truffles are on hold.  Things ... i.e. unemployment, public disturbances over unemployment, crime resulting from unemployed people, etc. ... have to get much worse and in the MSM before I'll approach some gutless Democrat fretting reelection.  No need to hurry.  No one else would ever propose my idea so I'll stand pat with my cards.

P.S. again.  Who said Izzy isn't allowed to have here opinion?  I'm just saying that after the "What voters THOUGHT they were getting by electing Obama" and "What they REALLY got with him in the White House" they might wise up to the lay of the land.  Oh well, bend over America!  Here comes health care reform!

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Tue Mar 16th, 2010 at 05:55:37 AM EST
[ Parent ]
Izzy has a right to her opinion (big of ya, Twank), but:

THE Twank:

I avoid Izzy at all costs these days; don't need the Powers That Be giving me nasty 2 ratings for no good reason.

Oh, so she's a Power That Be, so you won't be defending your opinion in discussion with her. Very courageous.

I'll add that Powers That Be are necessary to give you 2s, and, on occasion, purely delete your sometimes outrageous comments. No editor has ever warned you "for no good reason".

As metavision knows, she who rightly objects to macho discourse disrespectful to women.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Mar 16th, 2010 at 07:34:14 AM EST
[ Parent ]
Alan Grayson (D-FL8) responds to an attack by Sarah Palin

Palin, the former half-term Governor, current-nothing and future-even-less, charmed the all-Republican audience with her folksy folksiness and her homespun homespunnery. Atypically, Palin was wearing clothes that she had paid for herself. At the end of the event, she shared her recipe for mooseface pie.

In response to Palin's attack on Rep Grayson, Grayson actually complimented Palin. Grayson praised Palin for having a hand large enough to fit Grayson's entire name on it. He thanked Palin for alleviating the growing shortage of platitudes in Central Florida. Grayson added that Palin deserved credit for getting through the entire hour-long program without quitting. Grayson also said that Palin really had mastered Palin's imitation of Tina Fey imitating Palin. Grayson observed that Palin is the most-intelligent leader that the Republican Party has produced since George W. Bush.

hee. All good knock-about stuff.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 02:31:21 PM EST
Grayson introduced his own version of single-payer a week or so ago. Surely he won't tote that old chestnut on the summer trail. Why, that would be shagalicious grandstanding again for naught. Geewilikers, Romneycare is a done deal!



Diversity is the key to economic and political evolution.

by Cat on Mon Mar 15th, 2010 at 03:08:43 PM EST
[ Parent ]


BBC, Monday, 15 March 2010

A slap for the president. A warning note delivered to the Elysee Palace. That is how the results in France's regional elections are being interpreted. President Nicolas Sarkozy's party has fallen behind the Socialists. Some of his supporters sat on their hands. The turnout may well have been the lowest in French history. The second round will be held next weekend.

Even before the votes were cast, Mr Sarkozy had dismissed the results. "The vote... is a regional one, its ramifications are therefore regional," he said. On reflection, Mr Sarkozy said he would be "attentive" to the result.

The Socialists, of course, see it differently. The result, in their view, has changed the political landscape. It was the last poll before the presidential election in 2012 and the momentum is with them.

http://www.bbc.co.uk/blogs/thereporters/gavinhewitt/2010/03/the_sarkozy_enigma.html




Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 02:42:44 PM EST
Ramifications are regional? What's that mean? oh what does it mean it mean?! The sum of the parts is less than the whole?? Tell me. Somebody help me. I can't reeead.

Diversity is the key to economic and political evolution.
by Cat on Mon Mar 15th, 2010 at 03:11:54 PM EST
[ Parent ]

As Hewitt points out, Sarkozy realised that wasn't the smartest remark:

"On reflection, Mr Sarkozy said he would be 'attentive' to the result."

Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience

by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 03:23:30 PM EST
[ Parent ]
It means that if his party had done well, the regional elections would have national significance.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 15th, 2010 at 03:41:21 PM EST
[ Parent ]
  There's quite a lively discussion of this on the BBC site, with a lot of the usual "France is doomed" crew sounding off, one recommending that unions be outlawed. Jerome should be there. But there are more intelligent comments, like this:

democracythreat wrote:

powermeerkat wrote: "Let's bring Socialists to power in France and see whether they can produce there anything else than what they've always created in any country of the world from Albania to Vietnam : MISERY."

An intriguing post.

Firstly, it was Communists in Vietnam and Albania. Secondly, the misery in both countries had arrived well before the "socialists". Thirdly, and most amusingly with regard to this thread, it was French imperialism which brought the misery to Vietnam, and US imperialism which bombed the country into the stone age.

I'm no great fan of modern socialists, but only because they are generally as corrupt a group of folks as you can find on earth. The actual ideals of socialism, such as universal health care and education, and sharing between human beings equal before the law, actually seem to me to be the hallmarks of modern civilization.

The problem seems to be getting socialists to honour their ideals rather than worshipping the party as an institution.
...

http://www.bbc.co.uk/blogs/thereporters/gavinhewitt/2010/03/the_sarkozy_enigma.html



Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 03:28:29 PM EST
[ Parent ]

Mon Mar 15,

PARIS - American movie director Tim Burton has been inducted into France's cultural honor roll in a Paris ceremony.

Culture Minister Frederic Mitterand made the director of such films as "Alice in Wonderland" and "Edward Scissorhands" an officer in France's National Order of Arts and Letters.

Burton, wearing a dark suit and his trademark fuzzy hairdo, says he has always loved France and felt a special connection with the French public.

Burton says "I feel much more at home here than I do in my own country and I thank you very much."

http://news.yahoo.com/s/ap/20100315/ap_en_ce/eu_france_tim_burton




Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 02:56:46 PM EST
Maybe it's the Johnny Depp effect (French resident some of the time, where he has three places):

Close friend Johnny Depp is a godfather of Burton's son. In Burton on Burton, Depp wrote the introduction, stating, "What more can I say about him? He is a brother, a friend, my son's godfather. He is a unique and brave soul, someone that I would go to the ends of the earth for, and I know, full and well, he would do the same for me."

http://en.wikipedia.org/wiki/Tim_Burton

Maybe he'll just go from London (where he lives alternating with LA) to Paris, especially after this:

"He will lead the jury of the 63rd Cannes Film Festival"

That might be wise if he does realise this future project:

"He has also stated that there is a chance he will co-produce [with Timur Bekmambetov, who he also co-produced 9 with] the movie 'Abraham Lincoln: Vampire Hunter' ..."

ibid.

:-)

I wonder how long it will be before the screams of "Traitor!" are heard and he starts getting death threats from the usual US nuts.  

Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience

by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 03:58:12 PM EST
[ Parent ]
Related to the Johnny Depp effect, surely, since Depp is a friend and one of his fetish actors. But more simply because his films are greatly appreciated here...
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 15th, 2010 at 04:03:01 PM EST
[ Parent ]

Yes, he also said:

""From the beginning of my career, I always felt a very special place in my heart (for) France," he told the crowd of journalists and fans. "Because whether or not you liked the movies, I always felt that the French were looking for the poetry, looking for the meaning, looking for the things I was trying to do."

http://hosted.ap.org/dynamic/stories/E/EU_FRANCE_TIM_BURTON

Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience

by Ted Welch (tedwelch-at-mac-dot-com) on Mon Mar 15th, 2010 at 06:28:58 PM EST
[ Parent ]


IJ Awards: Renewables Deal of the Year

The Bligh Bank Offshore Wind Farm off the coast of Belgium - more commonly known as Belwind - last night won the coveted title of IJ's Renewables Deal of the Year for 2009.

At €613.9 million (US$987m), Belwind is by the largest offshore wind farm to benefit from project finance.

Critically, it is a Greenfield financing, for first 165MW phase of a 330MW offshore wind farm located 46km off the coast of Zeebrugge [Projects Database]. This is the farthest distance from the coast a wind farm has been sited at.

Being Greenfield, the judges felt Belwind could truly lay claim to establishing a routemap for larger offshore projects to follow as they are increasingly rolled out around the world.

The project was also the first offshore wind deal to benefit from EIB support, and was also impressive for managing to reach financial close despite a last minute change in ownership.

Three commercial banks - Dexia, Rabobank and ASN Bank - came forward as lenders on the transaction together with the EIB as lender and guarantor and Danish ECA EKF as a risk-bearing party.


IJ Awards: Value Add

This was the first year that Infrastructure Journal offered the IJ Value Add Award, a category that was designed to recognise the organisations that "brought value" to transactions in a troubled market.

As such, IJ is delighted to announce the winner of the IJ Value Add Award is Dexia

(...)

Dexia won the award for the role it played on getting a challenging deal - Belwind [IJ Renewables Deal of the Year 2009] - over the line in spite of the bank's capacities being hit by financial crisis and subsequent bailout.

On this deal, the Belwind sponsor went bankrupt during the negotiations of the financing, with the project being taken over by an administrator and sold to new investors before financial close could take place.

Dexia - in its role as financial adviser to the sponsor and MLA - pulled together the €500 million financing for the project in an environment where syndication was not an option.

In addition to sponsor and financing challenges [all deals had to overcome the latter] it was the first deal of its kind - limited-recourse offshore wind - for the EIB, thus requiring extra due diligence and validation at every step.

Each of the parties effectively held veto rights on every aspect of the transaction, which is all the more impressive when you look at the parties involved:

EIB
PMV - a semi-public body
EKF - the Danish ECA
five sponsors - Colruyt, SHV, Merwind, PMV, Rabo equity
three commercial banks
two contractors
the bankruptcy administrator
five law firms
Infrastructure Journal editor Angus Leslie Melville said: "Belwind is a deal that we have already singled out as an exceptional transaction for 2009. Dexia's role in getting this challenging deal to financial close was pivotal and this award recognises the role it played.

"In addition to a challenging financing climate, Dexia had to deal with a bankruptcy, introducing EIB to a completely new style of project and herding all parties through a maelstrom of ill fortune in a fledgling infrastructure sector - offshore wind."



Wind power
by Jerome a Paris (etg@eurotrib.com) on Mon Mar 15th, 2010 at 04:45:38 PM EST
Yay, go Jerome.

(tho you're supposed to smile when they take the picture)

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 04:51:58 PM EST
[ Parent ]
How could you collect on behalf of your ex-employer ? Normally in the UK you'd be frozen out of stuff like that as soon as you tendered the "goodbye and thanks for all the fish" note.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 15th, 2010 at 05:00:00 PM EST
[ Parent ]
Try not to look too happy about it. ;)

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Mon Mar 15th, 2010 at 04:52:47 PM EST
[ Parent ]


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