(Reuters) – Starwood Hotels & Resorts Worldwide Inc on Friday said a $13 billion cash offer from China’s Anbang Insurance Group Co was superior to one from Marriott International Inc , setting the stage for the largest ever deal by a Chinese company in the United States.
The operator of Sheraton and Westin hotels said the Chinese insurer’s offer beat Marriott’s previously agreed cash and stock offer by nearly 15 percent, and that it planned to scrap the proposed deal with the rival hotel chain. Continue reading
Can you guess who gets the prize? That’s right, Germany’s Fourth Reich.
Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports
Who would have thought.
A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport-Slentel (a unit of Greek energy group Copelouzos) won the bid to lease the regional airports for 40+10 years. Among the 14 regional airports are those on most popular tourist Greek islands like Mykonos, Rhodes, Kos, Santorini and Corfu. It is the first privatization deal under SYRIZA-ANEL coalition government and the biggest privatization deal in Greece since beginning of the crisis and the bailout programs in 2010.
This entire deal, regardless of this serious detail, guarantees Israel will be going to war soon. The quicker the United States under Barack Obama works to make Iran bulletproof, the quicker Israel must act and preemptively strike — or be stricken first by a blow that puts the tiny Jewish state’s very existence into jeapardy. The Obama administration has forced Israel into a corner where it must act. When it does act, it will be seen as the aggressor throughout the world in Obama’s perfectly planned evil scheme.
Iran: ‘All our goals materialized’ under deal
The United States and other world powers will help to teach Iran how to thwart and detect threats to its nuclear program, according to the parameters of a deal reached Tuesday to rein in Iran’s contested nuclear program.
Under the terms of a deal that provides Iran billions of dollars in sanctions relief, Iran and global powers will cooperate to help teach Iran how to manage its nuclear infrastructure, which will largely remain in tact under the deal.
Senior Iranian officials, including the country’s president, celebrated the deal as a victory for the country. Iran’s state controlled media quoted President Hassan Rouhani as saying that the deal will “remove all sanctions while maintaining [Tehran’s] nuclear program and nuclear progress.” Continue reading
For those curious to know what Yanis thinks about the deal, below are some “impressionistic thoughts” from the man himself. Highlights include the characterization of the Greek deal as a “decisive blow against the Euorpean project”, a “statement confirming that Greece acquiesces to becoming a vassal of the Eurogroup”, and the “culmination of a coup”.* * *
On the Euro Summit’s Statement on Greece: First thoughts via Yanis Varoufakis
In the next hours and days, I shall be sitting in Parliament to assess the legislation that is part of the recent Euro Summit agreement on Greece. I am also looking forward to hearing in person from my comrades, Alexis Tsipras and Euclid Tsakalotos, who have been through so much over the past few days. Till then, I shall reserve judgment regarding the legislation before us. Meanwhile, here are some first, impressionistic thoughts stirred up by the Euro Summit’s Statement. Continue reading
The door to the next world war has just been opened and the Iranians are laughing all the way to the bank to pick up their once frozen revenue.
Iran and world powers on Tuesday announced they had sealed a final nuclear deal with Tehran that will lift most economic sanctions on the country and permit it to continue many of the most controversial aspects of its nuclear program, as well as its missile development, according to initial text of the agreement and statements by diplomats.
The agreement, which was finalized in Vienna, would in lift international sanctions on Iran and permit it to continue key elements of its nuclear work, as well as research and development.
Iran will be permitted to continue spinning centrifuges, which are used to enrich uranium, the key component in a nuclear weapon. Western powers will also work with Iran to help it install and operate more advanced centrifuges, according to those appraised of the deal. Continue reading
At the cost of national sovereignty and against the will of the Greek people, who just last week voted no in a referendum, the land where democracy was born capitulates and falls under dictatorship.
In politics, when two parties (or more) with starkly contrasting ideologies (i.e. Republicans and Democrats) agree on a deal, 99.9% of the time it’s the citizens who pay the price.
Don’t expect the Marxist Tsipras government to stay in power long.
A Greek exit from the eurozone has been avoided after a weekend of tough talks, but the political cost of arriving at a deal is likely to be felt for years to come.
After 18 hours of negotiations, culimnating six months of wider talks, euro leaders emerged bleary-eyed on Monday morning (13 July) to announce a deal that will, eventually, see Greece get a new bailout if it takes painful reforms and if it agrees to intense scrutiny at every step of the way.
The immediate result was summed up by European Commission president Jean-Claude Juncker.
“There will be no Grexit”, he said. Continue reading
Saved… for now.
The European Central Bank (ECB) has raised the funding cap on its Emergency Liquidity Assistance (ELA) for Greece’s banks, according to a CNBC source.
The decision, made in a conference call Friday and first reported by Reuters, followed a meeting of the euro zone’s finance ministers on Thursday, where the ability of the country’s lenders to open up for business next week was questioned.
It comes as a specter of a run on Greek banks is looming, after yet another round of failed rescue-for-reforms talks.
International Monetary Fund chief Christine Lagarde said Greece won’t be given a grace period if it fails to make a payment at the end of the month as Chancellor Angela Merkel said there’s still time to reach a deal on aid.
Lagarde, whose policies were labeled “criminal” last week by Prime Minister Alexis Tsipras, said that Greece will immediately be considered in default unless it pays about about 1.5 billion euros ($1.7 billion) due to the fund on June 30.
“It will be in default — it will be in arrears vis-a-vis the IMF, yes, on July 1,” Lagarde said at a press conference in Luxembourg where euro-area finance minister meet on Thursday to discuss the deadlock over Greece. “I hope it’s not the case, I really do.” Continue reading
It looks like we’re going to see a painful first shot fired at Greece if they can’t come up with a deal. What exactly will happen out of this is anyone’s guess, but here are three (but not limited to) possible scenarios while Germany’s Fourth Reich drops the hammer:
- Greece capitulates and is brought to its knees and becomes a German vassal state like Cyprus. (40% chance)
- Win-win situation for all is found with dual economy compromise. A dual economy with weaker EU nations on the periphery and two currencies as in Cuba. (40% chance)
- Grexit with a following meldown of the world’s largest economy, the European Union. (20% chance — less likely due to high strategic importance and national security of Europe)
Just as we hinted earlier when we reported that the ECB may use the “nuclear option” on Wednesday and yank Greek ELA, here comes German Suddeutsche Zeiting [sic] with a report that Eurozone countries have reached a Greek emergency plan (yay)… which calls for the imposition of capital controls on Greece if no deal is concluded by the weekend (oh no). Continue reading
Deputy FM Abbas Araqchi indicates differences remain but ‘major part’ have been worked through
Iran’s Deputy Foreign Minister Abbas Araqchi said Tuesday that major portions of a draft nuclear agreement between Tehran and the P5+1 worlds powers have been agreed on, while acknowledging that some small differences remained.
“We have now a text that a major part of it, even all its phrases, has been agreed but a part of it is still a source of difference,” Araqchi said in an interview upon arrival in Vienna on Tuesday, ahead of a next round of negotiations. Continue reading
The strengthening is a telltale sign of America being the target of One Clenched Fist. First comes the social-economic integration, then comes the military. Both
Russia and China signed a cybersecurity agreement on May 8, saying they will not conduct cyberattacks against each other. The deal also said the two would work together to counteract technologies they perceive as destabilizing to their internal affairs.
The text of the agreement is posted on the Russian government’s website. It says the two nations also agreed to share information between law enforcement agencies. In addition, they will freely exchange technologies and work together toward security of their information infrastructure. Oleg Demidov, a cybersecurity consultant at the pir Center, said the deal was an “important step” for the two nations. He said it accelerates Russia’s “pivoting to the East.”
Maryam Rajavi, president-elect of the Paris-based National Council of Resistance of Iran, also said Tehran wants nuclear weapons to foster Islamic extremism.
“The ultimate solution to this problem is regime change,” Rajavi said. Continue reading
Economy Minister Naftali Bennett warned American TV viewers Sunday that Iranian nuclear ambitions were a direct threat to the West, and that the regime in Tehran was developing its missile program abilities with an eye to launching nuclear attacks on major Western cities.
Bennett, who is Israel’s economy minister, told Fox News in an interview that Iran, “the biggest exporter of terror in the world,” was developing nuclear warheads and intercontinental missiles capable of reaching New York, London and Paris. Continue reading
The eurozone has given Greece an ultimatum of one week to request an extension of its bailout deal, as Athens turned down the offer dubbing it “absurd” and “unreasonable”. Greece’s finance minister said they were ready to sign – but something different.
But despite not reaching a deal, Greece Finance Minister Varoufakis insisted Athens is “ready and willing” to reach a deal and that he is confident of reaching one in 2 days, he said in statement after the talks. Continue reading
Israel announced early Thursday, Nov. 7, that it is utterly opposed to the new proposal for Iran’s nuclear programwhich the United States plans to put before the two-day Geneva conference beginning later today .
Prime Minister Binyamin Netanyahu, when he met US Secretary of State John Kerry in Jerusalem Wednesday night, bitterly accused the Obama administration of yielding to the Russian-backed Iranian position. Should Tehran renege on the deal, the US proposal leaves it with the capacity for enriching enough weapons-grade uranium in 10 days to build several nuclear weapons. Continue reading