Friday, October 11, 2013

New Transport Minister...Friend, or Foe.

Baroness Kramer. Transport Minister Appointed 8 Oct 2013.

Kramer began her career in finance, and rose to become a Vice-President of Citibank in Chicago.She and her husband then set up Infrastructure Capital Partners, a firm which advises on infrastructure projects, primarily in Central and Eastern Europe. She remains a director of the firm.

Kramer was born in Holborn, London, in 1950. She was educated at St Paul's Girls' School, followed by St Hilda's College at the University of Oxford, where she read Philosophy, Politics and Economics, and was President of the Oxford Union in 1971. She then did an MBA at the University of Illinois in the United States.

Susan Kramer married an American banker, John Kramer, in 1972, while working in Citibank. John Kramer died in September 2006.

NEW YORK–(BUSINESS WIRE)–Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closing of a $517 million Collateralized Loan Obligation (CLO) fund, the firm’s third new-issue CLO in the US this year. Carlyle Global Market Strategies CLO 2013-3 will invest in corporate leveraged loans and high yield bonds.Citibank arranged the transaction.

What would Carlyle buy in Europe, that would cost 517 million dollars. ?

 517 mill USD would convert to £310 million sterling (at 60 pence per dollar.)

What would Carlyle buy in Euope that would cost £300 mill sterling. ??

Coincidentally,, Carlyle bought Addison Lee for £300 million. Does that mean Citibank actually own Addison Lee. Perhaps not.

Addison Lee's expansion plans require the Law Commission to repeal section 48 of the LGMPA 1976, which currently stops cross border hiring.

Has Baroness Kramer been brought in to speed the Law Comm up?

Addisson Lee are also awaitng a Court of Appeal decision. They want in on the Bus Lanes OR in the alternative, everyone out.

The judges in the Court of appeal and the Baroness, if asked if anything was afoot would, no doubt raise their hands into the air and say

"What ever are you suggesting."

Source: With thanks to Les.


Anonymous said...

Foe. No question. This won't end well.

Winston Kodogo said...

It's all very curious politically!

Norman Baker going to the Home Office is bizarre, he wrote a book questioning the death of Dr. Kelly, you can bet he won't get the keys to any filing cabinets.

Who knows with Susan Kramer? She was a LD Mayoral candidate and. I cannot recall she had anything about cabs,

She's a bit of a nonentity politically, party stooge.

Anonymous said...

Isn't Kramer a trusty of the Lamplugh Charity
Wasn't Griffin involved with Diana Lamplugh in the early nineties when Westminster wanted to license minicab offices in the west end?

Wasn't Kramer and Lamplugh involved in a Lady cabs, a minicab firm for women

Tiberiu said...

Changes are sometimes good. Let's give her a chance and judge after!