Moss returned to his native Australia and prospered as a banker. Until last year, however, few outside Australia had heard of him or his investment bank, Macquarie Bank Ltd. That's when Moss, 56, decided to go on a $14 billion acquisition spree.Big American investment banks got into the act. From ITs International:
Now, Macquarie seems to engineer a new international deal every month -- most of them purchases of public utilities. Among its acquisitions over the past three years: a string of airports from Brussels to Rome to Hainan Island, China; roads and bridges across Australia, Europe, Asia and North America; and Oslo, Norway-based explosives company Dyno Nobel ASA.
Los Angeles, Pittsburgh and Indianapolis are reported to be rethinking their parking arrangements, in light of a recent partnership agreement in Chicago under which Morgan Stanley will run its parking meters for a 75-year period. Indianapolis is considering a 50-year deal with Affiliated Computer Services. While the Chicago deal will cost drivers around US$11.6 billion, Indianapolis is seeking higher fees in exchange for a reduced up-front cost on the deal, as well as an exit clause that would allow it to end the lease arrangement.
This is how we exit the depression.
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