yet another pointless accusation

NY Times joins all other accusing fingers pointed at British Petrolium, describing it as a company with a record which is of "a History of Boldness and Blunders", but reading through that article  one just can't seem to find the facts for these accusations, other than a very persistent government aiming to put all the blame away from its regulatory agencies. Furthermore, the article includes some rather confusing paragraphs, in which BP appears to be an organization commited to safety. It turns out that the current BP chief executive , Tony Hayward, "set up a new companywide management system toevaluate risks, standardize safety practices and improve decision-making" and initiatives regarding personal safety of employees, which began during his predecessor's time, were expanded under Mr. Hayward:
"Visitors today see signs at company offices exhorting workers not to walk and carry hot coffee at the same time, to stick to marked walkways in parking lots and to grasp banisters while climbing the stairs. Employees with company cars must take defensive driving courses."
Assuming this policy was implemented in all of the facilities of the company, and that the same mpressive engineering efforts currently displayed in the complicated task of stopping the infamous well, were used in the implementation of security in BP's oil drilling facilites, I wouldn't be surprised at all, at the end of the day, to see BP completely cleared of the accusations regarding malpractice, and that it would turn out that Robert Dudley, the BP board member in charge of the gulf spill response, quoted in the NY Times piece denying that the accident reflected a corporate disregard for safety, and suggesting the following explanation, would turn out to be truthful, and correct:
“I think we will find that this was an incredibly complicated set of events with individual decisions and equipment failures that led to a very complicated industrial accident."


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yet another BP related post

You might have noticed I've been posting a post a week recently, in relation to the spill in the gulf of Mexico, and news items discussing British Petrolium. It isn't that I've been hired by BP to do media work for them. This is, after all, a nice little blog with a select few readers (an elite, naturally, but as elites go, not a numerous crowd), and no person in his sane mind, regardless of the amount of U.S Dollars he spends on compensations and oil-contamination cleaning efforts, would start giving away money to anonymous blogs. The explanation is much simpler. As an investor, I've been interested in BP's stock for several months before the April spill. The decline of the stock presented, in my mind, a unique opportunity to buy an undervalued company (and i'm far from being a minority here), and as troubled companies shares tend to be volatile, the fact that I bought what in my mind is an amazingly cheap stock, with impressive profits in a not too distant fut
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שובו של גדול-מכדי-ליפול ?

דויטשה בנק עושה קולות בעייתיים, ו העולם הפיננסי כמרקחה . כתבתי את זה לפני כמעט 6 שנים ודעתי לא השתנתה מאז: יש לאסור בחקיקה את גדילתם של מוסדות פיננסים מעבר לגודל מסויים . בדיוק כמו החקיקה העוסקת במונופולים. בדיוק כמו כל חקיקה אחרת. בלעדי חקיקה כזו, במוקדם או במאוחר, התאגידים הפיננסיים יהיו כל-כך חזקים עד כי המדינות כבר לא יוכלו להציל אותם כשהם ייפלו. ואז, עם מערכת כלכלית שלמה בקריסה, נמצא עצמנו בונים כלכלה אחרת מהחורבות. זו כמובן אפשרות לגיטימית, אבל בדרך כלל, כאשר מערכת כלכלית שלמה קורסת, רווחתם של רבים מדי נפגעת, ולא אחת המשבר הכלכלי הופך למשבר מדיני ואף למלחמה. האומנם רווחתם של הבנקים עדיפה על רווחתם של בני-האדם ? האם כבר הגענו למצב שבו הבנקים הם לא רק גדולים-מכדי-ליפול אלא גם חזקים יותר ממדינות הלאום, והמצב איננו בר-תיקון ?
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