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by soj Thu Aug 18th, 2005 at 12:09:36 AM EST
Looks like coffee and yoghurt for them. What's on your table... and mind this morning?
U.S. private equity firm The Carlyle Group will invest in around $1.5 billion of property in China, Japan and South Korea, the manager of the company's first Asian real estate fund said on Thursday. The fund, which will borrow heavily to bolster $410 million of equity recently raised from investors such as pension funds and private banks, is keen on Chinese shopping centers and housing, and offices in Japanese cities and Seoul. Carlyle's managing director for Asia real estate, Jason Lee, told Reuters the fund would soon sign a deal with a Chinese developer to build middle-class homes in Beijing, despite government efforts to cool a housing boom.
The fund, which will borrow heavily to bolster $410 million of equity recently raised from investors such as pension funds and private banks, is keen on Chinese shopping centers and housing, and offices in Japanese cities and Seoul.
Carlyle's managing director for Asia real estate, Jason Lee, told Reuters the fund would soon sign a deal with a Chinese developer to build middle-class homes in Beijing, despite government efforts to cool a housing boom.
Borrowing heavily to get a property boom under way in China despite government efforts to cool things down?
What say you, Jérôme, or anyone else interested?
Lured by booming oil prices and friendly Kremlin ties, Western banks want to extend Russia the largest loans in its history, brushing aside fears of bad debts, the ghosts of fallen YUKOS and high levels of borrowing. The biggest loans include $7 billion to fund Russia's purchase of a 10.7 percent stake in gas monopoly Gazprom, $2 billion for state oil firm Rosneft and up to $10 billion for Gazprom to buy oil firm Sibneft.
The biggest loans include $7 billion to fund Russia's purchase of a 10.7 percent stake in gas monopoly Gazprom, $2 billion for state oil firm Rosneft and up to $10 billion for Gazprom to buy oil firm Sibneft.
Jérôme, I know you're on holiday and this looks dangerously like your job (and we all know we'all Yurpeens are allergic to work), but it backs up what you say about banks overlending.
It's now being reported that the Helios plane ran out of fuel. It was due to land in Athens. It should surely have had enough fuel in its tanks to go on flying more than an hour beyond destination? (Larnaca-Athens is a short flight).
The Venezuela crash was apparently caused by engine failure in both engines at once, which immediately leads to the thought of fuel problems (below standard fuel?).
This is pure speculation on my part: but are rising fuel costs pushing fringe low-cost air companies to scrape on fuel to the point of compromising safety?
According to the Greek news media accounts, the person flying the plane made an effort to land in the mountainous terrain. By that time, the plane had been flying for about an hour and a half beyond its scheduled arrival time.
You may be right about the Venezuela flight. That certainly sounds like contaminated fuel. The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
I think we'll just have to let the investigation continue as there's lots of oddities (including not being able to find the captain) at the moment.
Pax Night and day you can find me Flogging the Simian
It is certainly possible that an airline would have skimped on excess fuel and that could lead to disaster. That does, though, suggest an unusual level of misinformation in the early reports that keyed on depressurisation.
Engine failure in both engines at once is a statistical improbability (without a common factor like bad fuel). But, improbabilities do happen so such a coincidence shouldn't be dismissed. Why? Mainly because aviation fuel is mostly kerosene and the engines are not really that sensitive to the fuel mix. More likely are scenarios that involve massive error (e.g. totally wrong fuel put in by mistake) or maintainence failures in the fuel supply system or engines.
May I also suggest that we use the "Breakfast" thread for lighter news, and the PDB threads for the serious stuff? Not that it needs to be enforced or anything, but it'll give them their "personality" of sorts... In the long run, we're all dead. John Maynard Keynes
But anyway...you're right afew (no holes in that head), it was Melanchthon, and he gave a radio station in Lyon that sounds awesome (FrequenceJazz). We need to do more music articles... "Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia
Now just trying to figure out why I can get the RTL2 site to work a the office but not at home... Damn. Those who can make you believe absurdities can make you commit atrocities. -Voltaire
... 12.33 Uhr: Köhler redet immer noch. Benedikt verzieht keine Miene. Kein Lächeln, kein Stirnrunzeln, nix. Schaut nur ab und zu rüber. Doch da! Eine Regung! Nummer 16 lebt! Ein leichtes Kopfnicken hinüber zu Köhler. Gottseidank, alles ist gut. ...
Doch da! Eine Regung! Nummer 16 lebt! Ein leichtes Kopfnicken hinüber zu Köhler. Gottseidank, alles ist gut. ...
Number 16 lives?
Where, at number 16? What street? Duh...
12:33: Charcoal burner still talks. Benedict does not twist an expression. No smile, no Stirnrunzeln, nothing. Looks only from time to time more rueber. But there! Moving! Number 16 lives! An easy head nodding over there to charcoal burner. Thank God, everything is good.
No clue what that means :(
NOS News - Clips of Sail 2005
Aphrodite Yacht
~~~ 'Sapere aude'
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