The Freethinkers
08-03-2007, 04:05
Times of Navarre
OOC: Well, time for me to get a news thread up I guess, based on the most popular old style print newspaper in the Commonwealth, the Times of Navarre. This will serve as a basic news thread, providing comment for other RPs, a place for announcements (and any public statements that follow), maybe a few humorous pieces and as a away of dropping hints about future developments.
From the Inside Page
FCR Announces Plan to Issue Credit and Investment Rating Scores
The Freethinker Central Reserve (FCR) has announced today that it is begin providing independent credit ratings for foreign and domestic companies and national government as well as providing general assessments for the security of investments in foreign nations. These ratings will be provided for any economic body for a nominal fee. The ratings system has been devised to provide Freethinker national and international banking houses and investors with a clearer picture of the safety of potential investments as well as providing any firm with a rating a secure and impressive proof of their financial security and business prospects.
Said FCR Chairwoman Amelia Dankport, “What we are offering here are independent, thorough economic assessments of various bodies to help provide a clearer picture of the economic strengths and vulnerabilities of investments and loans to economic actors. Essentially, we are working to provide an international standard in credit rating to help reduce the uncertainties and risks of international trade and investment, our bit, if you will, to help stimulate and sustain international economic ties and growth.”
Dankport also emphasised the independent nature of the FCR, distinct in the main from the Freethinker Government, as a primary advantage, saying that there were few bodies that could provide a similarly neutral and comprehensive service to the wider economic community. The ratings will be by application only, however, with every application undergoing a thorough economic review. The system, ultimately, in Dankport’s words, “relies upon the integrity of these ratings. Our reputation will be based upon our ability to accurately predict and help protect the investments of domestic and foreign financial institutions.”
The system will rate companies, governments and national economic environments on three separate scales.
Governments will be rated on a four stage scale, based on the government’s fiscal history, economic performance, government policy, reserves and liabilities, taxation powers, future and past economic indicators. Non-economic factors such as political stability, the performance of neighbouring trade economies, corruption and potential future trends in these areas will also be incorporated into the rating system.
National economies will have similar but broader criteria, including non-governmental social aspects taken into account. The primary purpose of these ratings is to assess the general economic friendliness of the national economy and the security of investments and firms within it.
Company ratings are considered to be the primary attraction of the policy for foreign investors, and these ratings will look at the past and future trends for a company and make a rating decision, including past investment payouts and loan repayments, future markets, firm expansions and cost cutting, ability of management and economies of scale within the firm. Again, a formal ratings scale is still being ironed out, but will be similar to other credit rating systems.
Applicants and other enquirers have been asked to contact the statistics at the Freethinker Central Reserve for more information. The benefits that these ratings will bring, if indeed positive and high for the said body, will include a higher attractiveness for investments, better terms for loans from various financial bodies, an improved reputation overall and a greater attraction to foreign buyers for their respective products and services.
The FCR has been criticised for these proposals, with some domestic and foreign critics laying deep scorn on the claims of independence of the Reserve. The FCR has dismissed such claims in previous press conferences, but has yet to make a formal announcement on the subject.
From the Business Section
Planning Permission Granted For New Pilonese Super Casino in Navarre
Planning permission has been granted by the Gothabia Local Authority for the construction of a new super-casino to be run by the Pilonese conglomerate the ‘Phoenix Corporation’. The new casino complex, with an estimated capacity in the tens of millions, is hoped to be another major entertainment coup for the Gothabia district of Navarre, an area rapidly re-branding itself as a major tourist and entertainment centre.
“This represents yet another major new opportunity for job creation and wealth generation,” Said GLA spokesperson Melissa Formosan, “as well as once again improving multinational links and improving upon the already vast array of attractions in our fair city. We are proud to welcome the Phoenix Corporation to Navarre” she continued.
The GLA has been very keen to ensure this entertainment complex is built, hoping to prevent a slow down in economic growth in the region that had begun to rear its head last year, blamed on more thrifty spending patterns and a fall in maritime trade because of various international events. Although traffic has begun to pick up, rival facilities in Dardanion and even The Docklands districts have eaten at the return of major hedonistic spending in their neighbours across the Basin. Public Safety and Religious groups have also been out in force as opposed to the plans, although the protests, given the relatively quick nature of the application process had little time to bear. All that remains now is for the site to be cleared and developed. Local construction companies are reporting a windfall of new contracts, further reinforcing the economic case in the eyes of the GLA.
OOC: Well, time for me to get a news thread up I guess, based on the most popular old style print newspaper in the Commonwealth, the Times of Navarre. This will serve as a basic news thread, providing comment for other RPs, a place for announcements (and any public statements that follow), maybe a few humorous pieces and as a away of dropping hints about future developments.
From the Inside Page
FCR Announces Plan to Issue Credit and Investment Rating Scores
The Freethinker Central Reserve (FCR) has announced today that it is begin providing independent credit ratings for foreign and domestic companies and national government as well as providing general assessments for the security of investments in foreign nations. These ratings will be provided for any economic body for a nominal fee. The ratings system has been devised to provide Freethinker national and international banking houses and investors with a clearer picture of the safety of potential investments as well as providing any firm with a rating a secure and impressive proof of their financial security and business prospects.
Said FCR Chairwoman Amelia Dankport, “What we are offering here are independent, thorough economic assessments of various bodies to help provide a clearer picture of the economic strengths and vulnerabilities of investments and loans to economic actors. Essentially, we are working to provide an international standard in credit rating to help reduce the uncertainties and risks of international trade and investment, our bit, if you will, to help stimulate and sustain international economic ties and growth.”
Dankport also emphasised the independent nature of the FCR, distinct in the main from the Freethinker Government, as a primary advantage, saying that there were few bodies that could provide a similarly neutral and comprehensive service to the wider economic community. The ratings will be by application only, however, with every application undergoing a thorough economic review. The system, ultimately, in Dankport’s words, “relies upon the integrity of these ratings. Our reputation will be based upon our ability to accurately predict and help protect the investments of domestic and foreign financial institutions.”
The system will rate companies, governments and national economic environments on three separate scales.
Governments will be rated on a four stage scale, based on the government’s fiscal history, economic performance, government policy, reserves and liabilities, taxation powers, future and past economic indicators. Non-economic factors such as political stability, the performance of neighbouring trade economies, corruption and potential future trends in these areas will also be incorporated into the rating system.
National economies will have similar but broader criteria, including non-governmental social aspects taken into account. The primary purpose of these ratings is to assess the general economic friendliness of the national economy and the security of investments and firms within it.
Company ratings are considered to be the primary attraction of the policy for foreign investors, and these ratings will look at the past and future trends for a company and make a rating decision, including past investment payouts and loan repayments, future markets, firm expansions and cost cutting, ability of management and economies of scale within the firm. Again, a formal ratings scale is still being ironed out, but will be similar to other credit rating systems.
Applicants and other enquirers have been asked to contact the statistics at the Freethinker Central Reserve for more information. The benefits that these ratings will bring, if indeed positive and high for the said body, will include a higher attractiveness for investments, better terms for loans from various financial bodies, an improved reputation overall and a greater attraction to foreign buyers for their respective products and services.
The FCR has been criticised for these proposals, with some domestic and foreign critics laying deep scorn on the claims of independence of the Reserve. The FCR has dismissed such claims in previous press conferences, but has yet to make a formal announcement on the subject.
From the Business Section
Planning Permission Granted For New Pilonese Super Casino in Navarre
Planning permission has been granted by the Gothabia Local Authority for the construction of a new super-casino to be run by the Pilonese conglomerate the ‘Phoenix Corporation’. The new casino complex, with an estimated capacity in the tens of millions, is hoped to be another major entertainment coup for the Gothabia district of Navarre, an area rapidly re-branding itself as a major tourist and entertainment centre.
“This represents yet another major new opportunity for job creation and wealth generation,” Said GLA spokesperson Melissa Formosan, “as well as once again improving multinational links and improving upon the already vast array of attractions in our fair city. We are proud to welcome the Phoenix Corporation to Navarre” she continued.
The GLA has been very keen to ensure this entertainment complex is built, hoping to prevent a slow down in economic growth in the region that had begun to rear its head last year, blamed on more thrifty spending patterns and a fall in maritime trade because of various international events. Although traffic has begun to pick up, rival facilities in Dardanion and even The Docklands districts have eaten at the return of major hedonistic spending in their neighbours across the Basin. Public Safety and Religious groups have also been out in force as opposed to the plans, although the protests, given the relatively quick nature of the application process had little time to bear. All that remains now is for the site to be cleared and developed. Local construction companies are reporting a windfall of new contracts, further reinforcing the economic case in the eyes of the GLA.