Infrastructure == road to growth?

http://news.bbc.co.uk/1/hi/business/7935778.stm

brightspark(fincrisis, X). ? X = posco

business(posco, X). ? X = koreanSteelMaker
founded( X, Y ). ? X = 1968, Y = taeJoonPark.
posco_bondissue = bondissue( Value, Term, Time ). ? Value = usd(700m), Term = years(5), Time = mar09.
concerns( posco_bondissue, X). ? X = shortTermNegativeOutlookSteelSector, heightendMilitaryTensionsPyongyang.

pyongyang == capital of north korea.

"First USD offering from an Asian corporate since Hong Kong & China Gas $1bn issue in July 2008" (source: financeasia).

Barclays Mulling its share of the Bailout, brightsparks(_fincrisis, X). ? X =att

Barclays have up to 31 March to join the Treasury's asset insurance scheme for "toxic loans". Barclays have submitted three portfolios of assets to the government for consideration. Barclays profit for 2008 was £6.08bn ($9bn) - a profit despite the fallout in financial markets.

AT&T is creating 3000 jobs as it plans to ramp up capital spending in '09 by investing in broadband and wireless networks. It added data traffic on its network was growing 50% YoY.

3i invests $161m in Krishnapatnam Ports Company Ltd

3i took a minority stake in KPCL in Feb2009 for $161m, promoted by Navayuga Group, who are also involved in medical transcription services. "The port ... is being developed by a highly experienced management team", said Anil Ahuja, Head of Asia at 3i and IIT Delhi graduate. The investment forms part of the $1.2bn India Infrustructure fund. 3i had previously invested in Mundra port in June 2007 with capital of $50m. Unloading times in India's ports lag behind other Asian ports.

crating(_GECapital, downgrade(_AAA, -4)) :- payout(_GECapital, usd(8bn)) [Fortune, GE10K]

GE has become the economy's bellwether (MARKET THERMOMETER, LEADING SHEEP) company. (p.s. what is the meaning of bellwether - seems this is a term used by a lot of financial analysts and economists. what is the meaning? wiktionary describes bellwether as the leading sheep of a flock, anything that indicates future trends or a stock/bond indicative of the overall temperament of the marketplace). We should pay careful attention to bellwether stocks.

ceo( _GE, X). ? X = "Jeffrey Immelt".
mba(jeffimmelt, hbs).

CD = crating(_GECapital, downgrade(_AAA, -4))

estEarnings( _GE, 2009, X). ? X = usd(12bn).
estEarnings( _GE, 2009, X), CD :- X = usd(4bn).
divfreq( _GE, X). ? X = quarterly.
exchange( _GE, X). ? X = nyse.

business( _GE, X). ? X = selling(Y), servicing(Z), financing(A). Y=advancedGasTurbines, Z=aircraftEngines, A=businesses, A=consumers.

diamond(CD):- reasons(X). ? X=cashflowstress, X=deterioratingAssetquality, X = not(diamond(borrow( _GE, money)))

motto( _GE, X ). ? X = "imagination at work".

FTSE loses billions of pounds (~helprequest(_AIG, _USGovt, 2009).)

down(_FTSE, percent(5.3), 3625). % lowest since outbreak of Iraq war May03
down(_HSBC, percent(10), pence(399)).
down(_Lloyds, percent(15), pence(49.4)).

helprequest(_AIG, _USGovt, 2008) -> bailout(_AIG, usd(150bn), 2008).
helprequest(_AIG, _USGovt, 2009) -> bailout(_AIG, usd(30bn), 2009). % emerg.aid

countries(_AIG, 130), customers(_AIG, 74m).
max( aircraft_owner(X), world). ? X = _AIG.

stock(_AIG, dollars(46), 2008), stock(_AIG, cents(42), 2009).