http://www.liveleak.com/browse?q=Epic Wed, 19 Jun 2013 22:22:24 -0400 Liveleak http://edge.liveleak.com/80281E/u/u/ll2/logo.gif http://www.liveleak.com/browse?q=Epic Wed, 19 Jun 2013 03:43:40 -0400 http://www.liveleak.com/view?i=9f5_1371627526 Die Humans The two toughest fighters in the history of the NHL. Bob Probert and Dave Brown. A fight all hockey goonery connoisseurs and fistic aficionado's must watch. http://www.liveleak.com/view?i=9f5_1371627526 Die Humans Legends - Probert Vs Brown fight, heavyweight championship, belt, ko, tko, brawl, punch, die humans, probie, brown, nhl, hockey, goons, enforcers, number 1 all-time, champion, champ, bad ass, knuckles, ice, titties, f u jobu, legendary, epic, brutal legend, farrt Wed, 19 Jun 2013 03:26:18 -0400 http://www.liveleak.com/view?i=7fc_1371626458 travisjhake http://www.huffingtonpost.com/justin-guay/us-taxpayers--the-great-b_b_3461659.html A scathing new report out today outlines just how risky some of the world's largest coal export projects are. Funnily enough, they're not the risks environmentalists care about - the fact that they're going to be built inside the great barrier reef for instance. No, what the report is concerned with are the risks to the billions in investment at stake if the projects go sideways. If I had my money on the line (which I might if US Ex Im Bank President Fred Hochberg uses US taxpayer dollars to subsidize this boondoggle ) I'd pay attention because the report doesn't come from just anyone, but from financial industry heavyweights Tom Sanzillo (former New York State Comptroller) and Tim Buckley (former head of Australasian equity research at Citigroup). Before we get into the risks outlined in the report let's start with the project as the developer (GVK) sees it: India has 300 million people without electricity, the country is facing a supply crunch of epic proportions ), and the government is hell bent on building a massive pipeline of projects. GVK is well suited to help fuel this pipeline and alleviate the supply crunch by developing one of the world's largest integrated coal mine, rail, and export project in nearby Australia. Seems pretty cut and dry, what exactly has these analysts so worried? Leverage, leverage, leverage. It turns out GVK is trying to pull a fast one on Australian investors by getting them to pony up the cash for the project to cover the holes in their own balance sheets - which are enormous. Check out the graph below comparing the projects costs ($10 billion) with the current market capitalization of GVK ($243 million). That combined with net deb t of ~$2.7 Billion and GVK faces a whopping 1,149% debt to market ratio. For the financially illiterate - it's a financial crisis waiting to happen. One of the biggest reasons for the crash is likely the fact that despite claiming to be a "leading global infrastructure owner, manager and operator" GVKPIL (a shell company created to hide the company's debt - more on that later) has no experience operating any business outside of India. Worse, it has never successfully built and operated a coal mine - ever. That's right, the company planning to develop the world's largest vertically integrated coal export project smack dab in the middle of the Great Barrier Reef has no experience doing anything like this. This should turn out well. But there's a coal supercycle, never ending demand shall save this from catastrophe right? Not quite. Under existing financial assumptions, the Alpha Project's cost of coal production is likely to render the project uneconomic. The Newcastle FOB thermal coal price is currently around US$88/t, 30% below the peak seen in 2008. This leaves little headroom to move against a largely debt-funded US$10bn project proposal with a cash cost of production estimated to be at least US$70/t. Why does this matter? Because GVK is claiming production costs of US$55/t. Add to that Australian mining history which suggests capital cost blowouts of over 20% are likely, and you have a lot of lost cash. http://www.liveleak.com/view?i=7fc_1371626458 travisjhake Crown eco management jakarta-US Taxpayers &amp; The Great Barrier Reef Coal Scam Crown eco management jakarta, US Taxpayers &amp; The Great Barrier Reef Coal Scam Tue, 18 Jun 2013 14:03:46 -0400 http://www.liveleak.com/view?i=608_1371578445 Blerim Zylfiu EPIC FAIL Ferrari California Roof gets Stuck!! The roof mechanism on this California in Monaco gets stuck! Lucky the Ferrari service centre is only round the corner! http://www.liveleak.com/view?i=608_1371578445 Blerim Zylfiu <span class="highlight">EPIC</span> FAIL Ferrari California Roof gets Stuck!! roof,mechanism,california,monaco,gets,stuck,ferrari,service,centre,corner,epic fail,fail,ferrari owner,idiot Mon, 17 Jun 2013 23:15:22 -0400 http://www.liveleak.com/view?i=787_1371524335 highsociety Epic Gas Station Fails Compilation 2013 http://www.liveleak.com/view?i=787_1371524335 highsociety <span class="highlight">Epic</span> Gas Station Fails Compilation 2013 Epic, Gas, Station, Fails, Compilation, 2013 Tue, 18 Jun 2013 02:12:12 -0400 http://www.liveleak.com/view?i=e22_1371535858 Ali Baba http://www.liveleak.com/view?i=e22_1371535858 Ali Baba <span class="highlight">Epic</span> Bicycle Epic Bicycle,cool,crazy,wtf Mon, 17 Jun 2013 13:11:53 -0400 http://www.liveleak.com/view?i=b46_1371488898 CuntSeeShitDude It's an older video, but couldn't find it here on LL. Maybe a repost but it's still funny...and sad at the same time. http://www.liveleak.com/view?i=b46_1371488898 CuntSeeShitDude <span class="highlight">EPIC</span> Eyewitness News FAIL - Hamster Mugshot WTF, Epic, Eyewitness News, Fail, Hamster, Mugshot Sat, 15 Jun 2013 00:02:16 -0400 http://www.liveleak.com/view?i=9d0_1371268812 helle This is priceless lol http://www.liveleak.com/view?i=9d0_1371268812 helle Baby Goes In A <span class="highlight">Epic</span> Shock Mode After Vacuum Cleaner Is Turned On baby, shocked, epic, Sun, 16 Jun 2013 20:11:41 -0400 http://www.liveleak.com/view?i=80a_1371427834 Flakron Qerimi EPIC FAIL Ferrari California Roof gets Stuck!! http://www.liveleak.com/view?i=80a_1371427834 Flakron Qerimi <span class="highlight">EPIC</span> FAIL Ferrari California Roof gets Stuck!! Ferrarri , Fail Mon, 17 Jun 2013 19:31:19 -0400 http://www.liveleak.com/view?i=272_1371511829 helle LOL http://www.liveleak.com/view?i=272_1371511829 helle Korean Man Wakes Up Sleeping Bird <span class="highlight">epic</span> bird, sleeping, hit, Mon, 17 Jun 2013 08:47:06 -0400 http://www.liveleak.com/view?i=594_1371472952 PhilNice The "real" thing starts at 1:52, but the whole thing is just hilarious! http://www.liveleak.com/view?i=594_1371472952 PhilNice One of the most <span class="highlight">epic</span> fight, ever! drunk, fight Sat, 15 Jun 2013 00:52:13 -0400 http://www.liveleak.com/view?i=17d_1371271858 grewal Hilarious http://www.liveleak.com/view?i=17d_1371271858 grewal <span class="highlight">Epic</span> card Trick Fight Scene india Tue, 18 Jun 2013 00:34:59 -0400 http://www.liveleak.com/view?i=ad3_1371529986 okar19 Little did we know that he's the one behind many accidents and fails http://www.liveleak.com/view?i=ad3_1371529986 okar19 Blanka from Street Fighter Is a Troll! Street Fighter, Troll, accident, accidents , fail , epic , street , fighter , bike , crash , bike, bikes ,