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Game of Thrones: All the Queens’ Men

Game of Thrones: All the Queens’ Men

Game of Thrones: All the Queens’ Men

Each week during the seventh season of Game of Thrones, Lenika Cruz, David Sims and Spencer Kornhaber discuss new episodes of HBO’s drama. Because no criteur was made available to critics beforehand this year, we will publish our thoughts in installments.

Lenika Cruz three episodes of this season, I have always used for the speed with which they are taking Game of Thrones in this last stage. This week, “Justice of the Queen” gave us many important events:

Dany and Jon got together! Jorah was healed! Saved and Sansa got together! The immaculate took Casterly Rock! The Lannister took HighJardin! Mrs. Olenna was executed! Dorne is over! Euron is the worst! Many exclamation marks, I know, but most of those moments were actually big deals have scored together a good balance to be a good time or effective surprises.

The show began very well with this recent meeting of ice and fire that has long been essential to the mythology of the series: Daenerys and Jon met for the first time in Rocadragon.

The entire first scene was able to really breathe that give Daenerys and Jon space to run, to feel each other, to compete a bit. We spent six full seasons in each of these characters; We know them and what we saw and learned we conquered. We even know they are family members.

But they do not know. So I thought the writers have done a clever job of evoking an authentic encounter between the King of the North and the legitimate queen of the seven kingdoms who not only offered a summary of his life so far.

Not only that, but the writers also painted a compelling portrait of two leaders who are slowly learning to inhabit their functions, relatively new, with the total weight of multiple battles and centuries of simultaneous disordered user history.

(For the sake of the occasion, Ser Doos, “This is Jon Snow” was a perfect little joke, even when you were part of a man who rose from a bastard in a resurrected Messiah? Jon and Tyrion’s friendly greeting also reminded me Of Ned and the first exchange of King Robert in the controller).

Dany’s first trade and Jon even completed a concrete grant, with the help of Tyrion Dany Jon pulls off his desire to pledge allegiance and allow him to master many necessary glassware.
Of course, Dany continued to be the clearest head of the two queens competing for the iron throne, but judging by appearances, Cersei is the one who is, in a word, the winner. Dany remains noble, intelligent and eager to distinguish himself from his father, the crazy king, but everything he has done so far will cost him first key battles and his allies only two Westerosi.

Cersei, on the other hand, appreciate the calm in King’s Landing, and even brings the Queen of Justice to two of her greatest enemies: Ellaria and Nymeria Arena and Lady Olenna Tyrell, the women responsible for the massacre of two of their children.

Venezuela Vote Marred by Violence, Including Candidate’s Death

Venezuela Vote Marred by Violence, Including Candidate’s Death

Venezuela Vote Marred by Violence, Including Candidate’s Death

BOGOTÁ, Colombia – The legitimacy of Sunday’s election for the revision of the Venezuelan Constitution was threatened because many voters rejected ballot boxes, countries in the region rejected the predetermined result, and streets exploded on the deadly day in three months .

President Nicolas Maduro ordered a rewrite of the Constitution. The election of Sunday was simply to elect the members of the constituent assembly that will carry out; There was no option to reject the process.

In the evening, electoral officials announced the winners, an unconditional left-wing list, including Diosdado Cabello, a powerful politician who has already participated in a failed coup attempt, and Cilia Flores, wife M. Mature.

The actual liquidation result of the Venezuelan political opposition and leaves left the total control of a country that remains deeply divided.

“I said rain, thunder or lightning July 30 was coming,” said the president in an unstable video from his car after voting. He remained optimistic throughout the day, saying that the vote will bring peace to a country where about 120 people died in this year’s protests against his government.
Meanwhile, Sunday to vote for the candidates to the new constituent assembly. Meridith Kohut Credit for The New York Times

However, the credentials of the new members of the assembly will be so vast that they could possibly withdraw M. Maduro’s office, some analysts pointed out, ending a presidency that was very unpopular, even among many leftists.

Throughout the day, many countries – left aligned ideology Venezuela – have rejected the result, including Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru and Spain.
A voter check a record of elections recorded on a mural painted with flags of Venezuela and Cuba to determine their polling place. Meridith Kohut Credit for The New York Times
Nikki R. Haley, the United States Ambassador to the United Nations, called the vote an “electoral farce” that would lead to a dictatorship. The USA. Repeated threats of sanctions against the Venezuelan economy.

Continue reading the main story
“If these countries do not recognize Venezuela as a democracy, it will be difficult to resemble a legitimate power,” said David Smilde, an analyst at the Washington Office for Latin America, a human rights group.

M. Smilde mentions a list of consequences that may result from isolation, access to bank loans to the tension of diplomatic relations with its larger neighbors.
Determine where to vote in Caracas. Meridith Kohut Credit for The New York Times
The candidate for the Constituent Assembly, José Félix Pineda, a 39-year-old lawyer, was murdered at his house the day before the vote.

Prosecutors said an armed group had broken the house of M. Pineda in Ciudad Bolívar on Saturday night and shot.

Hours later, a big explosion shook a bourgeois neighborhood of the Venezuelan capital, Caracas, wounding at least seven police officers on patrol. Videos circulating on social networks showed officers in uniform, all on motorcycles, in a fireball that had exploded in front of them.

Rethink your strategy




One in three public companies likely won’t be around in five years, and the spread between the highest- and low­est-performing companies has never been greater, according to new research from the Boston Consulting Group (BCG). Identifying effective corporate strategy is more important than ever before, and this is the central theme of the latest BCG book, Your Strategy Needs a Strategy. Authored by BCG senior partners Martin Reeves, Knut Haanaes, and Janmejaya Sinha, the book explores the different environments that busi­nesses currently face, identifying and matching the right stra­tegic approach to a given situation. Their framework is called

the “strategy palette”. “The book explains a simple framework that we call the strategy palette, which divides planning into four styles. Firms can chose any of these styles, according to predictability of their business environment and how much power they have to change it. Leaders play a key role in this by making sure that the strategy is vibrant, dynamic and in tune with the changing environment. With a clear under­standing of the strategic styles available and the conditions under which each is appropriate, companies can make the best out of the opportunities available to them at hand,” said Dr Janmejaya Sinha, chairman, BCG Asia Pacific.          ♦


The                   Discovery

Channel completes 20 years in India. “Dis­covery Channel has had a life changing impact on millions of viewers in India. The tremendous affection that it enjoys in India contin­ues to fuel our passion to relentlessly push the boundaries of factual enter­tainment and uncover the finest stories from across the world. On this occa­sion of completing 20 great years in India, on behalf of the entire team, I would like to express our gratitude to the viewers and clients who have expressed their admiration through this remarkable 20-year jour­ney,” said Rahul Johri, EVP & GM – South Asia,

Honest account


The dramatic build-up to the overnight nationalisation of 14 banks in a single legislative sweep sets the stage for No Regrets. In this book, bureau­crat extraordi­naire D.N. Ghosh offers an eyewit­ness account of perhaps the most important event in India’s banking history post-Inde­pendence, baring the manoeuvr- ings behind the enabling ordi­nance and the pickle over fair compensation for the dispos­sessed bank owners. Years later, Ghosh enters the portals of the State Bank of India as its chair­man, at a time when the stir­rings of change have just begun to be felt in the Indian economy. Anticipating the future, he goes for a paradigm shift: to rid profit of its dirty word tag and place it at the core of the bank’s operating
strategy. Gradually, he takes SBI into the capital markets, estab­lishes its credit standing glob­ally, launches India’s first mutual fund and, above all, cajoles the trade unions into accepting full com­puterisation. Post­retirement, Ghosh steps into the cor­porate world. The could-have-been- academic tills the soil for certain reputable manage­ment institutes to bloom and grow even as he sets up the credit rating agency, ICRA. Full of untold stories, No Regrets is an honest-to-goodness account of a glorious career spanning over six decades and covering some epochal events whose reverber­ations continue to be felt in the corridors of bureaucracy, bank­ing and business to this day. The book was launched in Mumbai by Arundhati Bhattacharya, chair­man, SBI, and Deepak Parekh, chairman, HDFC.

Fear reigns




The events on 24 August are unlikely to be forgotten in a hurry. Even before the mar­kets opened for trading there was a sense of foreboding. China had devalued its currency and the mar­kets were going for a free fall. And despite the distance between the epi­centre, Shanghai on the east coast of China and Mumbai on the West coast of India being more than 5,000 km, the resounding crash on Shangai impacted the Indian stock markets – as it did in markets across the globe. Opening at 26730, the market went on a free fall as panic bred on panic





with Fils continuing to press sales in a market unable to absorb the pres­sure. Fils effected a little over ?5,100 crore. But for the spirited action of the Dlls, which decided to play bull, and bought shares worth nearly ?2,750 crore, the market would have tanked even more. Something which the government could ill-afford as it was desperately seeking support from investors and institutions to ensure that its first major disinvest­ment of the year, Indian Oil, sailed through.

Besides the free fall, investors were unnerved by the rupee which

Metal Index




also shed value in unison to reach a low of 66.50 to a dollar. Fears of US interest reversal policy in September also struck the investors. Such was the frenzy that even the attempts made by the government to talk up the market did not manage to stem the fear.

While the IOC issue did get sub­scribed, thanks to Life Insurance Corporation, bailing it out once again, subscribing to nearly 86 per cent of the 24 lakh shares offered at the price of ?387. However, unlike in the global meltdown witnessed ear­lier in 2010, there were not many bulk deals across the board. On NSE, Credit Suisse (Singapore), sold 72 lakh shares of Gujarat Pipavav Port at ?173.06 a share to Kotak Mahindr^. It followed a further sale of another 40.89 lakh shares on 26 August when the markets had staged a recovery, at ?188. Morgan Stanley) Mauritius) sold 86.17 lakh shares of Federal Bank at ?60.28. Merrill Lynch sold around 15.71 lakh shares of Indian Cement at ?72.61 in the aftermath session. Citi group global also sold chunks of Indiabull Real Estate.

Only slight recovery

With Thursday being the F&o set­tlement day, markets staged a smart recovery with the Sensex gaining over 500 points followed by a small recovery on the last day of the settle­ment, on 28 August. The Sensex nev­ertheless remained in the red, losing 4 per cent over the month. Even as China was unwinding and grappling with the problems of reforming from a command and direct economy to a market led one, the slowing down in its economy also impacted several sectors across the world. The chief being metals where China is the big­gest consumer and in many cases also a big producer. Steel was the worst hit with SAIL dipping below ?50 and Tata Steel losing more than 12 per cent in a session, just managing to stay above the ?200 mark, and JSW Steel dipped by 5 per cent. Hindalco which was already reeling from the global over­supply dropped to a low of 77 while ONGC in the face of the falling crude prices made a 51 week low of ?208. Several commodity prices dipped to
a 16 years low with export-led econ­omies dependent on mineral exports like Brazil, Australia and Indonesia dipping more sharply.

The severity of the fall in the metals was reflected in the 14 per cent drop in the BSE metals index, as against a 4 per cent fall in BSE. While the market did stage a recov­ery towards the end of the fortnight, fear continues to stalk the markets. And not many Bravehearts are will­ing to step in the blood to go bargain hunting. Barclays in its emerging markets weekly report Keep your seat- belt fastened, says that any rebound will be difficult to sustain in the short run.

The US government’s decision to defer the rate hike, did see global mar­kets recover to some extent. But one view is that this could well be a dead cat bounce with the pain in the mar­kets, by no means, over. One could, if it is true, see lower tops and lower bot­toms being formed over the next few weeks if not more. The RBI’s policy in September, when governor Raghuram Rajan is expected to lower the inter­est rates could provide a temporary reprieve and change sentiments. But the effect is unlikely to last.

Ultimately while hopes can buoy sentiments it is the corporate perfor­mance which will be the real game changer. And going by the results for the first quarter the trend does not seem too favourable. Care Rat­ings in its study on the corporate performance for the first quarter has observed that this is the third con­secutive quarter to have shown lower


52 wk hi: 7989 (31/7/15)/ low: 7561 (27/8/14) Change: 8.4% Marketcap: 50,786 crore


Amtek Auto

200_ ^ Share price    Turnover 8000

(7)                                (7 lakh)

52 wk hi: 7266 (12/9/14) / low: 746 (25/8/15) Change: -67% Marketcap: 1,180 crore


sales and negative growth in PAT. Banking sector continues to remain buffeted by NPAs and higher provi­sions have seen its PAT decline by 7.4 per cent. The sector continues to be bogged by NPAs. The gross NPA ratio has increased from 3.97 per cent last June to 4.63 per cent in June 2016.

Some hope remains

However, even during the cri­sis month of August, private sector banks are being bought by discern­ing investors. Induslnd Bank which saw its price rise by 8.4 per cent over the month, was successful in raising ?5,081 crore through a preferential cum QIP issue made at a price of over ?850. The bank which has a higher exposure to car loans is expected to gain, in case RBI lowers interest rates in September. Other compa­nies which saw a rise over a month include Amar Raja Batteries, DLF and

Tube Investments


52 wk hi: 7439 (10/8/15) / low: 7275 (28/8/14) Change: 6% Marketcap: 7,429 crore



500 4 Share price     Turnover 1000

400 (7) (7 lakh) 750
300 500
200 250
100 0

27 Jul – 27 Aug 2015

52 wk hi: 7491 (16/7/15) / low: 7185 (26/8/15) Change: -46.3% Marketcap: 228 crore



Great Eastern Shipping.

There were certain shares which were moving southwards even before the crash. TRF, a Tata group company engaged in material handling equip­ment, saw its share prices tank to a 52 weeks low of 7185 in the last week of August from a 52 weeks high of 7491 reached a month ago. Investors were a little apprehensive after the company postponed the board meeting four times in a row for considering the annual accounts. As of now the meet­ing is to be held on 31 August.

Amtek Auto saw its share prices dip to a third of its price of 7150 a month ago after it was dropped from F&o in August. The promoters admitted that there was a temporary mismatch of funds, promised to infuse 775 crore. An EGM held on 24 August also autho­rised the board to issue shares to pro­moters besides permitting it to make a fresh issue of securities.

Good news on the corporate front included Tube Investments securing a brand licensing rights agreement with Ridley bikes of Belgium. Besides India, the company will also be able to market the premium cycles in Sri Lanka, Bangladesh, Nepal, Bhutan and Myanmar for 33 years. The com­pany’s shares have notched a gain of 720 to 7401 in the last one month.

Where every crisis does throw up opportunities to buy for long term investors, one should be patient to buy in instalments – especially as the bottom is unknown.

♦ DAKSESH PARIKH [email protected]


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