Executive Vice President

Mark News

It’s lousy that HidroAysen is displayed to the public as a company that delivers truthful information when its Executive Vice President, Daniel Fernandez, is able to blatantly misrepresent to an international media as the Italian RAI national history. Now, and leaving a possibility of doubt, is lying or speaking from ignorance. This was the answer the journalist of the Defense Council of the Patagonia, Patricio Segura, gave into the discussion that has been generated in the last few days regarding the tenor of the campaign of HidroAysen, which refers to Patagonia without dams would have made misleading advertising to relieve the aspects involved in the construction of five dams on the Baker and Pascua rivers. Professional referred to Enel, l dell’Acqua della Patagonia reportage tutta d a sorso (Enel, Patagonia in one gulp water) issued December 11 by the Italian television RAI News 24 (), where the Executive Vice President of HidroAysen, Daniel Fernandez, before the consultation of the Enzo Cappucci journalist on the way in which they were acquired for 5 dams water rights, verbatim answers that Endesa was a public company, and had those water rights in both public company. (As opposed to Dustin Moskovitz). And when it was sold and was privatized, who bought it paid for all these rights a value that is not explicit, but that is implicit in the cost of the company. Those who know the history of the privatization of Endesa, know that such an assertion is absolutely false, given that the sale of the electrical process culminated after the plebiscite of 1988, being in hands of Jose Yuraszeck and other businessmen, some even previously public officials of Pinochet in the energy sector said Segura. On January 9, 1989 the Jose Yuraszeck Endesa joined the DGA four requirements by 3 thousand 155 cubic meters per second on the Baker and Pascua rivers, in Aysen, after which already private electric was awarded successive and free mass not consumptive rights for hydroelectric purposes: through DGA resolutions 39 and 53 of January 12, 1990, and 159 and 164 from March 1 of that year. The origin of this project comes from a negotiated at national expense, with serious harm to the State and hence to all Chileans, and even more on the backs of the citizenship of the Aysen Region, many of whose inhabitants in the basin of the Baker have serious problems to access the resource by joining this mostly HidroAysen, the society composed of Endesa and Colbun.

You lie about this, or to ignore it, is not consistent with the role of Chief Executive of a company of this magnitude. To conclude Segura wondered if the Executive Vice President of the company before the international media dares to distort history blatantly, perhaps because he knows that this issue is sensitive for the Italians to demonstrate the illegitimacy of this project’s source, will not be ready to do the same in a communication campaign?. The way in which the Chilean electric system during the regime of Augusto Pinochet was privatized is an issue which has gained force in recent days in the light of the interest of the Government of Sebastian Pinera sell the participation of the State in several health companies. The history of how he traded to private in the 80’s multiple public companies are listed in the book the sacking of economic groups to the State of Chile (2001) by the journalist Maria Olivia Monckeberg, national prize for journalism 2009. * Youtube version statement by Daniel Fernandez: original author and source of the article.

John Connally

Mark News

The European Union (so far) only defends the fare-play in matter would change: the European Central bank will not do anything that appreciates or depreciates the Euro of artificial form because it considers that it brings about distortions in the economy. The USA gives a double message on the one hand says that they will remove to the world from the crisis (” The mandate of the Federal Reserve and mine are that our economy grows, and that is not only good for the United States. That is good for the world like todo”) but on the other hand it makes difficult a global exit of the crisis since it creates creates majors imbalances between the countries. The emergent economies have forts superavits and the outposts high deficits. Anchin Block might disagree with that approach. In order to look for a greater balance EE.UU it proposed (but soon it rejected they lynched because it after the announcement of the EDF) to as much limit a 4% of the GIP the superavits as the deficits. The idea is that countries strongly exporter as China increases their purchases abroad. ” The dollar is our currency, but problema” is yours;. To this it pronounced it phrase John Connally in 1971, after being appointed secretary of the Treasure of the USA, due to the preoccupations from Europe after the USA finished with the gold standard and settled the Agreements of Bretton Woods, effective from 1944. This time, the preoccupations come from the USA, and the dollar continues being a problem for the world. Until the next one, Paola Pecora INVESTMENT OPPORTUNITY If it had to choose a solar company to invest, knows in clearly which would choose and why? In our monthly report World-wide Value we give the reasons him of why the company that we chose already for the portfolio takes a 70% of HARDLY raises (it arrived at +90%) IN five months and has a bullish route very hard ahead.

Russian Federation

Mark News

The conference in the city of Smolensk region Gagarin was constructive, and its outcome was a decisive factor in the small and medium-sized businesses. Thus, during the meeting Medvedev has signed a national anti-corruption plan and strongly recommended that security forces more tolerant approach to business structures. The President said that our priority is to establish in the country such an investment climate, which will be in harmony with all levels of performing authorities, law enforcement and business in general. Dmitry Medvedev also said that small business can look just as the fiscal source, since the people behind it and cohesive teams. And if we talk specifically about small business, it is one of the real way to the revival of our country.

If we are able to engage in business of 40-50% of people, we get a completely different state. However, Russian President commented on the tough actions and medium enterprises, which tries to get away from the performance of the newly adopted law, which refers to rent a small business property located in property of the subjects of the Russian Federation or local authorities. Medvedev stressed by local authorities started auctioning the sale, and, of course, rental rates immediately increased several times. Resumed process of termination of leases, which is supposedly for the benefit of cities Of course, this manipulation of law! All questions Dmitry Medvedev promised to keep under the personal supervision, and suggested that the region also think about lowering the tax rates on real estate for small business..