Washington Post (February 3, 2014)
Rather than marking Vladimir Putin’s crowning achievement, “the Sochi Olympics are more likely to become a forum for the demonstration of how and why Putin’s rule of Russia has failed—and how his power is ebbing both abroad and at home.”
Tags: Demonstration, Failure, Power, Russia, Sochi Olympics, Vladimir Putin
Euromoney (August Issue)Euromoney (August Issue)
“Trust has broken down between IPO vendors and issuers and traditional investors in new stock offerings in Europe. Deal arrangers seem incapable of bridging the valuation gap between the two sides.” Issuer focus on achieving high valuation is colliding with investor expectation to buy at a discount. As a result, 50% of Europe’s large planned IPOs failed this year. The situation is only slightly better for IPOs of all sizes. “In the first seven months of this year, 143 initial public offerings were priced for European issuers, while 50 others, over one-third as many, were either announced and then postponed or launched and then pulled. That’s a very high failure rate.”
“Trust has broken down between IPO vendors and issuers and traditional investors in new stock offerings in Europe. Deal arrangers seem incapable of bridging the valuation gap between the two sides.” Issuer focus on achieving high valuation is colliding with investor expectation to buy at a discount. As a result, 50% of Europe’s large planned IPOs failed this year. The situation is only slightly better for IPOs of all sizes. “In the first seven months of this year, 143 initial public offerings were priced for European issuers, while 50 others, over one-third as many, were either announced and then postponed or launched and then pulled. That’s a very high failure rate.”
New York Times (May 24)
“With Greece in meltdown, raising fears of cascading bank insolvencies and deepening recession, Europe’s leaders failed again this week to agree on the ambitious initiatives needed to quell the crisis.” If they don’t quickly wise up and promote growth, “the consequences could be disastrous — for their countries and the rest of the world.”
The Independent (May 12)
“The Franco-German elite which rules the euro is still in denial about the failure of its core project,” but the “Euro’s day of reckoning looms.”
Reuters (April 13)
North Korea’s “highly unusual” admission over state TV of today’s launch failure raises many questions. Will embarrassment lead to a nuclear test? Does it instead signal a new openness? Nobody knows. “Although North Korea is one of the most tightly controlled states on earth, with no free media and a tight grip on its population, such a high profile failure could trigger a backlash among the country’s elite.”
Tags: Embarassment, Failure, Launch, North Korea, Nuclear text, TV
