Private equity firms buy undervalued or underappreciated companies, impose short-term improvements and sell them for a fast profit. Some of the companies they’ve bought include Hertz, La Quinta, Dunkin Donuts, and Toys R Us. Josh Kosman, a private equity expert, says that the way the firms have been able to buy these businesses — through leveraged buyouts — means the majority of the money for the buyout has come from loans that the firms dump on the company they’re supposedly fixing.
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"Is this bigger than the subprime crisis?"
"It is similar in size to the subprime meltdown. In 2007, there were $1.3 trillion of outstanding subprime mortgages. As a result of leveraged buyouts, U.S. companies owe about $1 trillion.
"Sir, we are on the verge of the Next Great Credit Crisis."
Obama is no longer smiling.
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Courtesy of NPR http://bit.ly/3ykFuZ
The current crisis – is the revelation of the Creator to the creation, but only on the reverse side, because globalization is the power of the Creator, in other words, the unity.
Today this force is revealed to all and everyone begins to feel more clearly that he or she depends on everyone, belongs to everyone and shares a common setback. Thus, the Creator has revealed Himself to His creations, but on his reverse side. I see this as a doctor looking at a patient and seeing that the patient starts to feel all the symptoms of the disease. The disease has been already revealed, now we need only turn this disclosure in the opposite direction – that means to take it correctly.
We are a generation where a revelation of the Creator is in progress. This is already happening! Today’s visions of an ordinary man and a kabbalist aren’t too far from each other. I see that raging sea, and a man in it, as a small sliver, jumping over the waves, which then soar and fall, and he is flung from side to side. But all this depends only on his acceptance of sticking together and uniting with that stormy sea.
And as soon as a man agrees, he immediately stops feeling any disturbances in this sea. There would be absolute peace in the ocean of the Upper Light. It rages because you resist its every action and you are unable to relax and give yourself up, rising above your selfishness.
Once in agreement, you won’t feel any changes at all. All the changes are consequences of the confrontation between you and the Creator, and it generates a stormy sea. As soon as the resistance disappears, at the same moment, you will stop feeling a storm and feel only the complete rest.
This post is an excerpt translated from a larger article found at http://bit.ly/5B3U8
Question: It’s spoken that Kabbalah is a science, and by using it we must solve the crisis. On the other hand, everything that happens comes only from the Creator, the good one and carrying only good things. This seems like something unscientific, irrational and unrealistic, but sounds like religious dogma. How could we combine together these two opposites?
When my computer breaks down, I call the experts, they come and begin to explain to me what was happening. I have no idea what they say to me, and I don’t care. I want to see a clear picture on the monitor but that picture is distorted. They keep telling me that we should change the hard drive, install a certain program, that the computer has a virus or worm … I don’t understand, I see only the external picture, and they talk about more internal matters. It’s good that they understand me, and according to my complaints change and improve something inside the machine. But, nevertheless, these are two different levels of a single phenomenon.
There was a news report about how many people lost their jobs in the world, and how many in Israel, that the world is facing problems and that these problems are only being aggravated and nobody sees the end. The process by which all this must go to the end, too, no one understands. It is impossible to calculate, there is no such formula. There are many economic formulas, but this formula we want doesn’t exist. It’s like a wave – a tsunami, which comes gradually, begins to wash away and destroys everything in its path. This is the external aspect of events. And on the inside, if you saw this in your computer, you would have called a technician and told him: "Fix it up."
We’re talking about two levels. You speak from the perspective of an external person who looks at your computer screen and says: "Here are job cuts, there are other problems … We must do something." Specialists come and say: "Yes, really. What should we do?" They will tell you that it is necessary to change the hardware and software, i.e. upgrade your computer and then the picture will improve.
This post is an excerpt translated from a larger article found at http://bit.ly/5B3U8
