via @niubi ... "The variable interest entity is a structure devised to permit foreign investors to get around Chinese rules barring foreigners from owning company stakes in certain sectors. It was originally used by Sina in April 2000.
Public data shows that ending August, the VIE structure has been used by 96 of the Chinese companies listed in New York and Nasdaq." ... NO FOREIGN EDITOR REVIEWED THIS POST
RIDLEY SCOTT SAID HE WAS HEAVILY INFLUENCED BY THE MOEBIUS COMICS
"NEI Investments and Batirente said in a statement that defendants in the suit include Sino-Forest's current and former auditors, 15 financial firms that brought Sino-Forest share and note offerings to market, certain forestry consulting firms, and 20 directors and senior executive officers of the company." ... TAKE 'EM ALL DOWN
ALICE IS GREAT
"Peninsula had about $2 billion in the stock of nine companies as of June 30, the firm said in a regulatory filing. The holdings included investments in satellite television provider DirecTV, specialty chemical maker W.R. Grace & Co., and dialysis facility owner DaVita Inc., the filing showed." ... CONCENTRATED
"He does, in fact, cover all the bases: finding acquisitions, financing them, overseeing management of acquired companies, designing their compensation, allocating capital of the entity that owns the businesses, and understanding lending and credit markets from a bank’s perspective. He also knows how to finance acquisitions in special situations such as bankruptcies; manage long-tailed risks like his former employer W.R. Grace & Co.’s asbestos liability; and control equity- portfolio risk in a volatile market using positioning, derivatives and moderate leverage."
"GIC, which manages more than $100 billion of the city- state’s reserves, owned about 6.4 percent of UBS as of Dec. 31. It became the bank’s largest shareholder when it converted 11 billion francs of notes into stock. The shares traded at about a fifth of the conversion price at the close on Sept. 23, though the 8.7 billion franc unrealized loss is partly offset by 2 billion francs in interest payments in the first two years of its investment.
The fund also owns about 3.8 percent of New York-based Citigroup, the third-largest U.S. bank, after selling half of its original stake for a $1.6 billion profit two years ago. It’s the lender’s single-biggest investor, while 18 funds managed by State Street Corp. hold a combined 4.1 percent, according to data compiled by Bloomberg." ... OUCH, TOOK A BATH ON UBS
"Buffett previously preferred to use the firm’s profits to buy companies and securities issued by other firms. “Not a dime of cash” has been spent on buybacks or dividends in four decades, the billionaire told investors in his annual letter, published on Feb. 26. Buffett invested $5 billion in Goldman Sachs Group Inc. and $3 billion in General Electric Co. in 2008 when the Lehman Brothers Holdings Inc. failure cut companies off from traditional sources of funding." ...
北京捷力众星商贸有限责任公司
地址:
北京市丰台区花乡小草桥南三环西路11号院(车来拉电动车商城)
电话:
010-51331506/63282911 ... ONE OFFICIAL DEALER OUT IN THE WILDS OF FENGTAI
北京捷力众星商贸有限责任公司
地址:
北京市丰台区花乡小草桥南三环西路11号院(车来拉电动车商城)
电话:
010-51331506/63282911 ... ONE OFFICIAL DEALER OUT IN THE WILDS OF FENGTAI
NOTHING ABOUT MOTOR SIZE OR RANGE? ODD.
"I posted last week about the complexities and steps required to procure a driver’s license and motorcycle license plate in Beijing which can be quite a process if you wanna do it all legally… which i did! After a few weeks of trying really hard to procure myself a gas-powered two-wheeler, I finally gave up and went the “greener” route with an e-bike."
"If you use a paid-for web service at someone else’s domain you’re a tenant. A second class citizen. You don’t have much control. You’ll probably have to live with your landlord’s furniture and decoration and a restrictive set of rules. Your content will only exist at these URLs for as long as you keep paying the same people that monthly fee and for as long as your provider stays in business. Experience tells me that this isn’t very long. As a paying customer you’ll have a few rights under your contract but they probably won’t amount to very much. When you leave you’ll probably be able to get your data back in a useful format but when you put it back on the web somewhere else you’ll lose all your inbound links, search engine rankings and many of your visitors. This kind of service seems like a good deal until the day you need to move."
"I call it the Milo Criterion: products must mature no faster than the rate at which users can adapt. Call that ideal maximum rate the Milo rate." ... NAH
"when someone clicks through from anywhere on the web that uses Facebook Connect to see your profile, they’ll really see you: your life in context. It’s a contextual identity; something you won’t get from a real name, a passport, an ID card, or even a DNA profile." .. THE STATE IS GOING TO LOVE THIS!
"The opposite of fear is not bravery, it’s initiative" ... NICE INSIGHT FROM A NERD WHO SPENT SOME TIME SAILING
"allied himself over the years with the C.I.A., Saudi Arabia’s spy service and Osama bin Laden" ... CRAFTY OLD WARLORDS KNOW HOW TO PLAY THE GAME
"In general, despite extensive government subsidies, hyperprocessed food remains more expensive than food cooked at home." ... BITTMAN BLISSFULLY UNAWARE OF THE DOLLAR MENU
"the opportunity to air societal grievances as carnival. Occupy Wall Street, a diffuse and leaderless convocation of activists against greed, corporate influence, gross social inequality and other nasty byproducts of wayward capitalism not easily extinguishable by street theater" ... "Demonstrators who occupied Wall Street had many causes but seemed to have at least one thing in common: a lack of hard knowledge about the system they were fighting." ... LOL