A Look At Freedom's Currents

A Look At Freedom's Currents
Each time a person stands up for an ideal, or acts to improve the lot of others. . .they send forth a ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance." Robert F. Kennedy

21st Century's Priority One

1) Implementation of: The Promise of New Energy Systems & Beyond Oil ___________________________________________ #1 Disolves the Problem of the ill designed "Corporism: The Systemic Disease that Destroys Civilization." through simple scientific common sense ___________________________________________ _________ Using grade school physics of both Newtonian and Nuclear models, does anyone foresee counter currents of sufficient size to minimize/change direction of the huge Tsunami roaring down on us, taking away not only our Freedom, but our Lives? Regardless if our salaries are dependant on us not knowing the inconvenient truths of reality (global warming, corporate rule, stagnant energy science) portrayed by the rare articles in the news media? I know only one - a free science, our window to Reality - that easily resolves the Foundational Problem of Quantum Physics and takes E=MC2 out of Kindergarten

Saturday, February 24, 2007

At $45 Billion, New Contender for Top Buyout

Greater FreeDumb for all Coming Your Way
NYT February 24, 2007
At $45 Billion, New Contender for Top Buyout
The biggest leveraged buyout ever is about to be surpassed. Again.
A group led by the private equity giants Kohlberg Kravis Roberts & Company and the Texas Pacific Group is near a deal to acquire the TXU Corporation, a Texas utility, for about $45 billion, according to people involved in the talks.
The amount of private money that is being offered is a huge financial endorsement of the company’s energy strategy. TXU has irritated environmental advocates by proposing to build 11 coal-fired power plants in Texas. Despite calls for regulating greenhouse gases, TXU has been the most aggressive in the power industry in pushing coal as the answer to growing electricity demands. Nationwide, power companies are planning to build about 150 coal plants over the next several years.
The deal itself, if approved at a TXU board meeting tomorrow, would be a landmark. It would exceed the Blackstone Group’s recent $39 billion acquisition of the office landlord Equity Office Properties, the largest buyout ever. And that would mean that Henry R. Kravis, a co-founder of Kohlberg Kravis Roberts, has managed to upstage, at least for the time being, his longtime rival in deals, Stephen A. Schwarzman, a co-founder of Blackstone.
Energy has been fairly recent territory for private equity. While energy deals accounted for 16 percent of all mergers last year, only 9 percent of those deals involved buyout firms, according to Thomson Financial. The first big foray came last year, when Kinder Morgan, the Texas pipeline giant that was created from some assets of the former Enron, was sold to a group that included Goldman Sachs, the American International Group, the Carlyle Group and Riverstone Holdings for $27.5 billion.
Awash in hundreds of billions of dollars, private equity firms, which raise money from pension funds and wealthy individuals, have taken on new targets in a buying spree. In 2006, private equity firms raised more than $174 billion for 205 funds, according to Thomson Financial.
Having just finished raising new supersize funds — K.K.R. and Blackstone are about to complete funds each worth more than $20 billion — and with banks and hedge funds willing to lend them money in record amounts with few restrictions or covenants, private equity has now begun to aim at even bigger prey ...full text

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