Green Real Estate Gets Huge Boost

Norwegian Government Pension Fund announces that it will commit 5% to Green Real estate investments, which at present rates represents $ 16 billion, according to Responsible Investor.

Norges Bank Investment Management (NBIM), who is the fund manager, will be required by the government to produce an annual report of the portfolio, including an “assessment of how it conforms to responsible management and the exercise of ownership rights. The bank will be allowed to hire external managers and outsource operational functions, with returns benchmarked against a customised version of the Investment Property Databank’s Global Property Benchmark.”

“The New Social Silicon Valley”

Social leaders have a long tradition of collaborative projects but a business park fully dedicated to third sector innovation has never been experienced in Europe. The Social Innovation Park (SI Park) will host in the Greater Bilbao area of Northern Spain consolidated third sector initiatives and emerging innovation projects aiming to create the new “Social Silicon Valley”. All of them will benefit from the new resources incorporated to this initiative: the Social Innovation Laboratory (G-Lab), the Social Innovation Academy and the Social Enterprise Generator. SI Park is a pioneering infrastructure promoted by DenokInn, the Basque Centre for Social and Corporate Innovation, which provides the best environment for third sector entities to cooperate, learn from each other and to build new
shared enterprises.

For more information visit www.denokinn.eu

Dumb, dumber, and dumbest

This week the former CEO of ABNAmro testified at the Commission de Wit. The Commission was set up to study the financial crisis and what were the root causes. Listening to the powder puff questions that the committee was putting forward and some of the nonsensical answers being offered, one could see the process was a joke or staged.
The greatest example of absolute monumental arrogance and sheer stupidity was the testimony of Groenink. When listening to his testimony you want to shout to the roof and confront him with. As Leon said in Curb Your Enthusiasm said “you get in that ass”

The most outrageous thing said, by Rijkman Groenink, regarding the 28 million euro bonus was “I didn’t take bonus money from the shareholders or clients from the bank but from the investors”. What is worse to say something as complete stupid as that or not respond to something as completely stupid as that. Either way, they should have Leon doing the questioning.