As we said what could go wrong?
CREsh Begins: London Property Market Hit As WeWork Deal Falls Through
September 27, 2019
In an ominous sign for the commercial real-estate market, a large Singaporean investment firm has walked away from an £850 million ($1.04 billion) deal to buy Southbank Place, an office building near London’s Waterloo Station that boasts one of the largest WeWork spaces in the world, the FT reports.
The deal collapsed shortly after WeWork called off its IPO, and is now scrambling to sell off businesses and assets like its corporate jet to raise capital. Since the offering was abandoned, not only is the company missing out on $3 billion that it was set to raise in the public markets, but it’s also losing out on a $6 billion loan that was contingent on the IPO.
Sources close to the deal blamed local factors like Brexit-related uncertainty and the expense of pulling out of a refinancing deal between the seller and an asset management firm that refinanced the development earlier this year. Supposedly, the seller, a firm with ties to Italy’s Agnelli family, backed out of the deal, despite having put the building on the market.
I brought this up on Saturday.
Questions & Answers
For what purposes is weather modification practiced?
Weather modification, commonly referred to as cloud seeding, is currently used to increase precipitation from clouds, reduce hail from thunderstorms, and eliminate fogs that reduce visibility, usually at busy airports.
How does cloud seeding work?
Cloud seeding improves a cloud’s ability to produce precipitation by adding tiny particles called ice nuclei (which water needs to freeze) to a cloud. These nuclei help the cloud produce precipitation by acting on supercooled liquid water (SLW), the raw material from which precipitation is formed. These artificial ice nuclei promote freezing of SLW at warmer temperatures than it would naturally, accelerating the precipitation process and making more efficient use of the water in the cloud.
This was discussed on Saturday. Does anyone see a pattern?
Greta Thunberg and Big-Biz’ Climate Charade
September 27, 2019
. . .
Greta Thunberg’s story isn’t one of inspiration and activism – it is one of child exploitation, one of manipulating public perception, and one of re-entrenched special interests desperately seeking an audience – any audience – still gullible enough to believe in and help reconstruct the facades used to cover up their otherwise transparent and self-serving agenda.
The environment needs to be saved, but not by big-business’ “Fridays for Future” charade.
The Nayirah testimony was a false testimony given before the Congressional Human Rights Caucus on October 10, 1990 by a 15-year-old girl who provided only her first name, Nayirah. The testimony was widely publicized, and was cited numerous times by United States senators and President George H. W. Bush in their rationale to back Kuwait in the Gulf War. In 1992, it was revealed that Nayirah’s last name was al-Ṣabaḥ (Arabic: نيرة الصباح) and that she was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government. Following this, al-Sabah’s testimony has come to be regarded as a classic example of modern atrocity propaganda.