LyrArc Article Gist
Its like throwing a dart at a dartboard, these investment advisory firms and the star firms, are they really adding value more than other firms in the same business. Is a Goldman Sachs that much better than say a Deutsche Bank a relative newcomer, not really says this study and this report. The old adage that half of the deals destroy value is still not too far from the mark even though things may have improved a bit. But scrambling for the star firms as investment advisors does that really mean the deal is going to add value, they may want you to believe this but not really.

LyrArc Article Gist
Enzo Signorelli goes back to an olive farm that has been in the family for 100 years. The farm is on the slopes of Mt. Etna in Sicily. Enzo finds new life in the rhythm of the mountains and the olive farm where some trees are 500 years old. Shown in NYT are beautiful pictures of the farm and the work in the olive picking season.

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A 5 month investigation by Adam Tolley KC into bullying claims from the British Civil Service led to his resignation. The bullying claims came from three departments- the Brexit Department, the Foreign Office, and the Ministry of Justice. Raab's contention was that he was not aware that it was bullying, that behaviour should count as bullying if he knew it was bullying. Tolley disagrees. He says it is the victim's experience that matters more than Raab's intention. Raab says he was faced with "cultural resistance" at the Ministry of Justice on developing a British Bill of Rights to replace the European Convention of Human Rights. Tolley stays out of this but does say there was "an adverse impact of the health" of civil servants and that their complaints were "acting in good faith in raising concerns that they genuinely held." It could be said that this is part of the role of the civil service to share their genuine thoughts on a matter pertaining that could lead to wise decisions or changes in decisions. The Guardian reports that the style of cutting people off because he did not want his time to be wasted, had the effect of being intimidating and abrasive. ...

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Japan's plans to expand the role of Japanese chip materials makers such as Fuji Film and Toppan. Japan is the dominant in 6 chip materials essential for production of computer chips. The government is supporting the chips industry. Japan's state backed fund will complete its $6 billion acquisition of JSR in June 2024.

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It is not uncommon for older officers to make way for younger officers with the change in administration. Admiral Lisa Franchetti, chief of naval operations, a native of Rochester NY, started her career with the US Navy in 1985 through the ROTC at Northwestern University. Her career moved with the new timeline for women serving in the Navy. Nothing in her career should be seen as being detracted from her retirement by DJT. 1978- US Navy removes rule preventing women from serving on ships at sea. 1993 - US Navy removes rule preventing women from serving on warships at sea. 2010 - US Navy removes rule preventing women from serving on submarines at sea. Lisa Franchetti spent 20 of 40 year service on ships at sea- USS Ross destroyer, a destroyer squadrons, 2 aircraft carrier strike groups, all naval forces in Korea, Sixth Fleet in Mediterranean. She was promoted to Vice Chief of Naval Operations and Admiral in 2022, and as Chief in 2023. ...