Thursday, December 31, 2009
Monday, December 28, 2009
Thursday, December 10, 2009
Blueprints Entertainment Center
the supreme art and the most important sector of the private equity industry is the" leveraged buyout "- which to a large extent with loans financed the acquisition of companies and their subsequent restructuring Before the financial crisis than that. willingness of banks to lending was still large, the proportion of "leverage" was the purchase price of companies in many acquisitions between 70% and 90%. Since the outbreak of the crisis, banks in the allocation of debt but have become very cautious. According the data provider Dealogic, the volume of announced private equity buyouts this year to end September bei 43 Mrd. $ – der niedrigste Wert seit 1997.
Aber auch mit reduziertem Fremdkapitaleinsatz können Wertsteigerungen erzielt werden.
Nach aktuellen Untersuchungen werden bei Unternehmen in Private Equity Hand ca. zwei Drittel der Wertschöpfung über operative Verbesserungen erreicht.
Der »Fremdkapital-Effekt«, der im Idealfall wie ein Hebel für die Eigenkapitalrendite wirkt, trägt nur ca. ein Drittel bei.
In a comparison with similar, publicly traded companies the 241 companies studied achieved in private equity hands a higher average rate of 6% operating margin. Without deduction of debt due to the factors it was even a 21% higher.
source (s): NZZ, Dealogic, Capital Dynamics achieved
Friday, December 4, 2009
Carmella Bing In Vegas
Obama's Afghanistan speech reveals presidential confusion
If Barack Obama acting as commander in chief, as Commander-in-Chief, which is always surreal. The president is out of place, seems forced and tortured. A lack of credibility and authenticity is evident when he executes his smooth talking points. The long-overdue speech ("The Way Forward in Afghanistan [1]") on the strategy in Afghanistan was coolly received at West Point. She ended months-long delay and procrastination [2] in a time when NATO troops in Afghanistan risked their lives and were waiting for a clear commitment to a clear decision from Washington. The agreed increase of 30,000 troops is right. The absurdity of maneuvering between the President of obvious military necessity and the happiness of his leftist anti-war base will be significantly in two consecutive sentences of speech. One can read these sentences as a preventive capitulation statement or as a cynical quest for power.
"As commander in chief, I have decided that it is in our vital national interest to send 30,000 more troops to Afghanistan. After 18 months werden unsere Truppen nach Hause kommen.“Die Nennung eines Abzugsdatums, kaum das die Truppen im Einsatz sind, ist ein Fehler. Die angekündigte Vorgehensweise ist widersprüchlich, unlogisch. Ob Obama wirklich glaubt, dass die zusätzlichen Soldaten in dem jetzt acht Jahre währenden Konflikt innerhalb weniger Monate ein erfolgreiches Ende herbeiführen können und ein verantwortlicher Abzug beginnen kann oder ob er zynisch „politics“ spielt, um seiner Anti-Kriegs-Basis ein paar Brocken hinwerfen zu können, bleibt offen.
Welche Botschaft kommt bei den Taliban an, bei the allies, with the troops and the Karzai government? The military takes Obama does not deny that he stands fully behind the mission, as Bush behind the surge in Iraq 2007th Even at that time Obama was in his assessment, the increase in troops in Iraq will do nothing spectacularly wrong.
Obama praises the army for success in Iraq. Rather than respect for the historic decision of the 43rd to express the President to increase the troops, Obama took every opportunity to discredit his predecessor. Why he means to need?
The Taliban now know what they have set themselves. Half years and then descend to the storming of Kabul . Retrofit Why fight now when the enemy withdraws to view? The European allies will do everything possible in this context to its treaty obligations to withdraw even further. Pakistan will set up a possible takeover by the Taliban in two to three years. The Karzai government to bring their sheep into the dry and sitting on packed suitcases.
Where do young Afghans to join the army, risking their lives to take the place of NATO troops, when announcing the U.S. to begin in July 2011 with the withdrawal, leaving an inadequately spiked force themselves and an enemy; she - is not up - yet? Men with intellect will do a devil. The
not dependent on local conditions, the withdrawal date demoralized Afghan partners, encouraging the Taliban and al Qaeda.
When Obama spoke in his speech, Pakistan once again came to the question of what kind of world the president actually lives:
"We are committed to partnership with Pakistan, based on common interests, mutual respect and mutual trust".
Not a word of it is true!
Afghanistan is now Obama's war.
America will soon have 100,000 troops in action. Half of which Obama has posted. If the next Congress in 2010 pending elections he can no longer hide behind George W. Bush.
Obama used more time to criticize Bush and the Taliban. Typically, this is usually followed immediately on the invocation of bipartisanship. A principle that is more and more transparent and contribute to the declining values \u200b\u200bObama's sympathy.
The speech was a fiasco. Not a word about the atrocities of the Taliban and al Qaeda. Not once was the word "victory", not once the announcement that they would fight the Taliban and destroy, like him still in the inaugural address was (And for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that, 'Our spirit is broken and can not be stronger. You can not outlast us, and we will defeat you .'").
Obama: Empty Suit in the White House
When the going gets rough, the air is out of the man whom the English Spectator recently participated as a "empty suit" on its cover.
makes Instead, the president of the trillions for the nationalization of the banks and the auto industry uses, the more billions for the reform of health insurance plans to worry about $ 30 billion additional cost for the war in Afghanistan. Just a shake of the head remained, as the applause died down fade.
And the speech contains a few more tidbits:
"I have therefore made it a central pillar of my foreign policy to secure nuclear weapons from terrorists, to stop the spread of nuclear weapons."
Grotesk. See Iran.
"I've spent this year in order to renew our alliances."
questions once Gordon Brown or even better, Israel, Czech Republic and Poland. Maybe Obama but says even his soap of loyalty [4] to the Muslim world or the servants from the Saudi king or the Japanese emperor?
"We need every man, woman and child around the world, the dark cloud of tyranny under the live make it clear that America is on behalf of their human rights, speak out, facing the light of freedom, justice, opportunity and full respect for the dignity of all peoples. "
unload the Dalai Lama, President Clinton sent to North Korea for the photo session and the carnage in the streets of Tehran does not qualify just to watch one weeks speechless for that worn-out and from the mouth of Obama's totally implausible phrases.
Someone recently said Obama did not know how to be president. I think he has it started later than Tuesday at West Point to prove.
© Joachim Nikolaus Steinhöfel 2009
Who Is The Listerine Total Care Actress
of Steinhöfel page
The 4th November is celebrated every year in Tehran. In 2009, 30 Time: the storming of the U.S. Embassy and the following 444 days ongoing hostage taking of 52 U.S. diplomats. The U.S. reaction seemed to confirm Ayatollah Khomeini's assessment that the U.S. would be powerless against Iran ("America can not do a damn thing against us", page 105, Reading Lolita in Tehran: A Memoir in Books by Azar Nafisi).
hostages 30 years ago, agreed to the then U.S. President Jimmy Carter in a series of humiliating concessions. On the penultimate day of his term, he signed the "Executive Order" 12 283, because of the legal action against the Islamic Republic of Iran der Stürmung der Botschaft, des verursachten Schadens und der Misshandlung und psychischen Folter der Gefangenen ausgeschlossen wurden.
Carters Versagen wird durch eine Begebenheit aus dem Jahre 1979 besonders anschaulich. Um die durch die Revolution im Iran zutiefst verunsicherten Saudis zu beruhigen, sandte Carter eine Staffel von Kampfflugzeugen. Um die Mullahs nicht aufzubringen, waren die Flugzeuge unbewaffnet. Die Saudis waren angewidert, die Mullahs zogen ihre eigenen Schlüsse über amerikanische Entschlossenheit.
Ronald Reagan wird heute weitestgehend als erfolgreicher Hardliner betrachtet. Er führte den Fall des Sowjetimperiums herbei, er ordnete die Bombadierung von Libyen nach dem Attentat auf die Berliner Diskothek "LaBelle" and approved the spectacular operation by special forces to arrest the Palestinian terrorists who are disabled on the cruise ship "Achille Lauro" the American citizen Leon Klinghoffer murdered.
With regard to Iran was no hint of this hardness. The Iran-Contra affair was a low point of the Reagan presidency. The withdrawal of U.S. troops from Lebanon in 1983 another. He followed the controlled by Iran and Hezbollah carried out terror attack on the barracks of the marines at the 241 U.S. soldiers were killed. Again, this reluctance is not the mullahs remained hidden. While
the Clinton administration's repeated all the set pieces of this diplomacy. The belief that there are moderate clerics, and the hope for the great diplomatic deal. This was all the more surprising as the Clinton policy directed against the mullahs decided originally appeared.
During the 41st Legislature of Bush the U.S. was the third largest market for Iranian crude oil and the third year of the Clinton reign, Iran was America's third largest trading partner. Not a very convincing position to persuade the Europeans to support serious sanctions. In a political maneuver, the inferior of the Iran-Contra affair in anything, Clinton approved während der Jugoslawien-Krise die Lieferung von Waffen durch den Iran an die bosnischen Moslems. Kaum war diese Genehmigung erteilt – diplomatisch verklausuliert; der damalige US-Gesandte Peter Galbraith lies die Kroaten, über die die Waffenlieferungen erfolgten, wissen, er habe diesbezüglich „keine Anweisungen“ –, fielen die Iraner in Bosnien ein, die Revolutionären Garden organisierten die Waffenlieferungen und deren Offiziere unterwanderten die bosnische Armee. Iranische Agenten überall, Aufbau von Wohltätigkeitsorganisationen als Deckung für Terrorkader und khomeniistische Indoktrinationsschulen. In dem Abschlußbericht des Ausschusses des US-Repräsentantenhauses zur Untersuchung der Rolle der Vereinigten States in arms sales to Croatia and Bosnia, states:
"The Iranian secret service (MOIS) stormed into the area, formed intelligence networks, systems support terrorists, recruited sleeper '... .. The Iranians annexed large parts of the Bosnian security apparatus ... to the joint planning of terrorist activities ... ".
parts of the Bosnian government supported several Al Qaeda terrorists. Bin Laden was in 1993 by the Bosnian embassy in Vienna, a passport, Mohammed Atta trained in Bosnia, from where he went to Hamburg.
On 25 June 1996 terrorists killed by the Saudi branch Hezbollah in Dhahran (Khobar Towers), Saudi Arabia, nineteen U.S. military personnel. Hundreds of other Americans were injured, one was still unknown number of Saudi civilians killed or maimed. The terrorists acted under the direct leadership of Tehran, they have been trained by the Revolutionary Guards in Lebanon.
In March 2000, Clinton's Secretary of State Madeleine Albright apologized to the mullahs for alleged American sins: The help with the coup against Mossadegh, the support of the Shah and Iraq in the war against Iran.
History provides no example of a revolutionary regime ever consider would voluntarily moderate and successful. But the case is required. Bill Clinton, like all presidents before him since Jimmy Carter, the necessary steps never seriously considered.
George W. Bush agreed at least the rhetoric. But despite his speeches lacked until the end of the second legislature of a coherent Iran policy. Bush - so far - a formidable internal opposition: Colin Powell, Richard Armitage, Condoleezza Rice, CIA Director George Tenet, a holdover of the Clinton administration. was
reasons for a more consistent and clearer strategic action against Iran is enough. 9 / 11 and later designed the Bush Doctrine, which include eliminated in addition to the desire to pre-emption, the distinction between terrorists and their supporters. The pursuit by the mullahs of mass destruction weapons. And the actions of Iran in Iraq and Afghanistan.
members of the Revolutionary Guard Corps were operating in Iraq, killed U.S. troops and traditional - produced in Iran - roadside bombs, and the more dangerous EFPs, which led to a number of U.S. soldiers to the victim. Comparable Iran was operating in Afghanistan.
A reaction of the Bush Administration came.
The diplomatic activities regarding Iran's nuclear program was left to first the EU3 (Germany, France, England) and their foreign ministers Fischer, Straw and de Villepin (from Colin Powell as the Three Tenors "taunts).
Their activities are handed, uncoordinated, naive, weak and dangerous described flattering. The Foreign Minister wanted to demonstrate the United States in the wake of the Iraq war that they could prevent the proliferation of weapons of mass destruction better and without the use of force. The seemingly endless negotiations with Iran, (act writing the EU3 as petitions) by grotesque correspondence and were based before the International Atomic Energy Agency (IAEA), on the hope of the EU-3 to Iran move to the interruption of the enrichment of uranium and to use these negotiations to a standstill. For a half years, this gave Iran just what he wanted. Time to meet with Russian assistance, the technical difficulties in enriching uranium. The negotiations brought nothing, apart from the increased risk presented by a highly advanced nuclear weapons program. They were a classic example of diplomacy, which was based on nothing but hot air. She created the illusion of security while actually undermining it.
Sadly, it was Germany, which on Iran showed even less spine than England and France. The chaotic and embarrassing image that the EU3 negotiators in terms of Iran (Sawers, Michael Schaefer and de Laboulaye, Powell: "The three young tenors") at the G8 meeting on 15 have been charges in October 2004 as it relates to the question of what the EU meant by "suspend enrichment of uranium", the word was confused and contradictory, probably one of the low points of European diplomacy (or not). During these negotiations broke
of Iran IAEA seals on the centrifuges that enrich uranium in fact not interrupted and there - constantly - from statements such as that of the deputy negotiator, Hossein Mousavian:
"Europeans want to end the Uranium enrichment. But this will never happen. "
undergo such statements - until now - like a red thread through the public pronouncements of the regime. The only reaction of the EU3 was to water down their demands even further, to make even bigger promises and simply fail to recognize the "no" answer is negative.
The naive foreign policy of the current U.S. Administration is seamlessly integrated into the last thirty years. It works like a stale warm the feeble attempts of Jimmy Carter, with one, the more so after the "elections" of June, completely deligitimierten regime business zu kommen, zu dessen wesentlichen Glaubenssätzen der Ruf „Death to America“ gehört.
Die neue US-Regierung hat nichts erreicht. Ihr Ziel bei den aktuellen Verhandlungen war es, Iran zur Zustimmung zu bewegen, die Anreicherung seines Urans im Ausland stattfinden zu lassen und die gebrauchten Brennstäbe sofort ausser Landes zu bringen. Dahinter steht der Gedanke, die Menge des im Iran befindlichen Urans ständig auf einem so geringen Niveau zu halten, dass zu keinem Zeitpunkt genügend spaltbares Material für eine Bombe dort verbleibt und somit Zeit für weitere Verhandlungen gewonnen wird. Ein Plan, der keineswegs neu ist, sondern von den Israelis im Januar 2002 erstmals gegenüber den USA ins Gespräch gebracht was.
the mullahs but it was not obvious enough that the United States with this approach ensured equal to four binding resolutions of the UN Security Council that Iran prohibit uranium enrichment, ignored. And they also appeared not sufficient that Russia and France would, with the blessing of the Americans enrich the low-enriched uranium up to 19.75%, a whisker below the weapons-grade level of 20%.
The mullahs want rather keep their entire, slightly enriched uranium in the country and to purchase extra fuel abroad. For a "medical research reactor.
The "international community" begreift auch diesmal nicht die Bedeutung von „Nein“. Passagen wie die folgende sind skurril und grotesk:
„Die Vermittler verstärken nun den Druck auf die islamische Republik. Russland und Großbritannien forderten Iran auf, den Kompromissvorschlag anzunehmen. London erwarte eine “schnelle Reaktion”, sagte der britische Außenminister David Miliband nach Angaben der Agentur Interfax bei einem Treffen mit seinem russischen Amtskollegen Sergej Lawrow in Moskau. Lawrow verlangte zudem ein neues Treffen der fünf Vetomächte und Deutschlands mit Iran, um das weitere Vorgehen abzustimmen.
Auch Frankreichs Außenminister Bernard Kouchner wird ungeduldig. Er warnte die islamische Republik against delay tactics. If the answer of Iran to the compromise proposal in particular would serve to gain time, what was reasonable to assume they will not be accepted, he said. "
The mediators increase the pressure! It is more like Ahmadinejad, has the right when he referred to a statement of Khomeini makes reference stating,
"All Security Council resolutions in the world can absolutely not change the fact that Iran continues to develop its nuclear program."
And last Thursday In a speech in Mashhad, which was broadcast on state television:
"Several years ago we were told we would have all of our nuclear Activities it entirely. Now look where we are today. Now they are the ones that a nuclear cooperation with the Iranian nation's will ".
place on Tuesday, another slap in the face of the "negotiations-over-all" supporters. The "supreme religious leader" of Iran, Ayatollah Ali Khamenei accused the U.S. of arrogance.
"If anyone intends to violate the rights of the Iranian nation will rise up against it and closed the nation to force him to his knees."
It would appear that the negotiators would do this favor of preventive knee Khamenei case. In an article in the Telegraph a part in the negotiations with Iran participating diplomat as saying
"It is as if you play chess with a monkey. He is in checkmate and then he swallowed the King. "
monkeys with nuclear weapons. Do we want to bet our lives that we can discourage them?
© Joachim Nikolaus Steinhöfel 2009