Föhrenbergkreis Finanzwirtschaft

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Archive for 19. Mai 2017

The White House Crack-Up

Posted by hkarner - 19. Mai 2017

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Wait! There’s $10 Billion Left In Lehman Bros.

Posted by hkarner - 19. Mai 2017

Date: 18-05-2017

Source: The Wall Street Journal

Extra cash is prompting a legal feeding frenzy for hedge funds and distressed-debt investors

LONDON—Lehman Brothers’ collapse in the financial crisis left most of its creditors with deep losses. But Lehman’s main European arm has around $10 billion of extra cash, prompting a legal feeding frenzy for hedge funds and distressed-debt investors.

On Wednesday, the U.K. Supreme Court ruled that senior bondholders seeking interest payments of around $7 billion should get those first, before $1.6 billion in subordinated loans held by investment firms Elliott Management Corp. and King Street Capital Management LP are repaid.

An Elliott spokeswoman declined to comment; King Street couldn’t immediately be reached. Den Rest des Beitrags lesen »

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Why Does Germany Have Boring Politics?

Posted by hkarner - 19. Mai 2017

I guess the author must live on another planet. He has not heard of the outcome in NRW last Sunday! (hfk)

Date: 18-05-2017
Source: Foreign Affairs

Good Institutions Thwart Radicalism

Proponents of liberal democracy breathed a sigh of relief on May 7, when political newcomer Emmanuel Macron roundly defeated right-wing nationalist Marine Le Pen in the French presidential election. But this election, although critical for the future of the European Union, was far from being this year’s only electoral barometer in Europe: British Prime Minister Theresa May has called for a snap general election on June 8, France selects a new legislature on June 11 and 18, and Germany elects a new parliament—which could result in a new chancellor—on September 24.

For two reasons, Germany’s upcoming federal elections should provide more drama than usual. The first is the recent rise of the country’s first federally viable right-wing party since World War II—the anti-Muslim, nationalist Alternative for Germany (AfD) party. The second is the Social Democrat (SPD) Martin Schulz, who represents the first legitimate challenge to Angela Merkel’s chancellorship in over a decade. In other respects, though, the German elections promise to be the least exciting electoral contest in Europe this year. Den Rest des Beitrags lesen »

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