Troubled power plant reaches agreement with creditors _ Budapest Business Journal _ bbj.hu Troubled power plant , a unit of state-owned Hungarian Electricity Works (MVM), has reached an agreement with its creditors after more than five months under bankruptcy protection, the company said on Monday. The agreement will be closed after approval by the court of Komarom-Esztergom County. Vertesi's proposal, to pay back about HUF 5.6 billion in a lump sum, was approved by all of the company's secured creditors and 90% of its unsecured creditors. Vertesi can only pay the amount with a HUF 4 billion loan from its parent company. The loan was approved by a general meeting of MVM shareholders after earlier talks with creditors failed. Read Fabrice Tourre’s Senate Testimony - Deal Journal Chairman Levin, Dr. Coburn and Members of the Subcommittee. My name is Fabrice Tourre, and I work at Goldman Sachs International in London. Thank you for the opportunity to appear before the Subcommittee.
A History of Poverty In the 18th century probably half the population lived at subsistence or bare survival level. In the early 18th century England suffered from gin drinking. It was cheap and it was sold everywhere as you did not need a license to sell it. Many people ruined their health by drinking gin. Yet for many poor people drinking gin was their only comfort. The situation improved after 1751 when a tax was imposed on gin. The ultimate guide for the ambitious Innovation Manager (100+ sources) Running innovation projects is hard. By definition you’re doing new things so you can’t rely on old habits and routines. If you and your innovation team don’t feel uncomfortable, you’re simply not innovating. That doesn’t mean you’ll need to fly blind. At every moment in your innovation process you can use tools, references, checklists and other innovation methods. We do the same in our innovation projects.
Anton Hammerl: SA government, hang your head in shame Photojournalist Anton Hammerl has been missing in Libya since 5 April. Since then, our government has strung Hammerl's family, friends, supporters and the public along with third-party assurances of his safety. Last week, minister of international relations Maite Nkoana-Mashabane appeared confident that Hammerl was still alive. Financing Solar Energy Projects for Municipalities - Sustainable City Network, Inc.: Finance: news, solar energy, solar panels, solar america communities, national league of cities How can municipalities help generate electricity from solar energy without actually paying for the development? The answer, increasingly, is through Power Purchase Agreements (PPAs), a financing device that entices private developers with tax credits and locks down energy costs for their public-sector partners. While there are numerous grants and municipal bond programs that help local governments pay for their own solar installations, one federal authority said cities should think twice about investing in solar if they haven't already made their municipal operations as energy efficient as possible.
Was Fabrice Tourre Cheating On His Girlfriend? Are CDOs Really N Zero Hedge is currently going through the 100 or so pages of just released Goldman emails that disclose in excruciating detail the events from late 2006 to late 2007 occurring in Goldman's mortgage trading business. We will have a lot more to say on this tomorrow, suffice to say that we were pleasantly surprised that C-BASS, which we uncovered recently may be implicated in the Goldman SEC fraud scandal, is again involved. We also feel bad for Harvard and MS Prop, and a little better for Hayman Capital. Stay tuned. In the meantime, we will take a brief detour into the financial yellow pages, as we focus on the curious case of Fabrice Tourre, who once again plays a prominent role in today's email discovery.
5 Steps to Avoid Poverty Every Friday my syndicated column appears in a bunch of newspapers in southeastern Ontario. Back in 2006, I wrote this column about poverty, and a reader recently emailed and asked me to repost it. So here it is, fresh from 5 years ago! I still like it, too: What is TRIZ and how can it be used in problem solving or brains What is TRIZ and how can it be used in problem solving or brainstorming? Innovation Tools 10/20/2003 Jack Hipple Fears grow for photographer not seen since his capture in Libya 39 days ago Concern is growing over a British-based photographer who has been missing for 39 days after being captured in Libya by forces loyal to Muammar Gaddafi. Anton Hammerl, an award-winning photographer, was captured on 4 April and his family have had no concrete news about him since then. The regime has, however, allowed access to three other journalists who were captured with him. Hammerl, who has joint South African and Austrian nationality but lives with his wife, Penny Sukhraj, in Surrey, had been travelling with Manuel Varela de Seijas Brabo, Clare Gillis and James Foley when they were captured. The Libyan regime has admitted it is holding all four journalists, and has allowed the two Americans and the Spaniard to receive a visitor where they are being held, but it has provided no information about Hammerl. The photographer had travelled to Libya on 28 March with a view to supplying pictures to various agencies on a freelance basis.