Public health: The storm ‘Lola’ floods the Hospital Virgen de la Torre de Vallecas and turns its ground floors into a water park

“The water leaked directly through the entrance door to the hospital,” he tells Public Sergio Fernández, CCOO secretary of public sectors and worker at the Virgen de la Torre Hospital. “In some videos you can see the clogs of the professionals floating on the floors as if they were swimming pools and with workers bailing water with garbage bags on their feet“, says the sanitary.

It all started around nine o’clock yesterday night; the storm ‘Lola’ was pouring down on Madrid, causing the greatest damage in Vallecas and Villaverde. The Virgen de la Torre Hospital, located in the heart of Vallecano, He lived a few dantesque hours, because according to Fernández, “the water that began to enter broke one of the caskets of the wells below” leaving images of the center converted into a water park.

Hospital communication sources highlight that “the activity in the hospitalization floors has not been affected”, since the “Radiodiagnosis Service” is located in the lower areas and that “the care activity is guaranteed”.

“No investment in infrastructure”

“This is a consequence of the years that it has been without investment in infrastructure and it is not only in the Virgen de la Torre it is a trend throughout Madrid, while pharanoid constructions such as those of the Zendal are made, with extra costs, we have health centers and abandoned hospitals, as a consequence of so many years of lack of investment, “denounces Sergio Fernández,”it is about managing public goods properly“, he says.

Since the middle of this month, three centers appear on the bulky list of catastrophic misfortunes of the Madrid Healthcare: on April 16 the ceiling collapsed in an Orcasitas consulting room, last Tuesday the false ceiling of a room at the Gregorio Marañón and last night the Virgen de la Torre was flooded, “is that we did not invent it, it is happening “, denounces the health.

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UK Gives Provisional Green Light to Merger of O2 and Virgin, Key for Pallete | Companies

Relief for Telefónica in the UK. The British competition authority, the CMA, has given a provisional green light to the merger of O2, the British subsidiary of the Spanish company, with Virgin Media, owned by the American LIberty Global. The operation is valued at 35,800 million and will create a telecommunications giant in the country, which with 46 million lines, between mobile, fixed broadband and television, seeks to threaten the historical leadership of BT. For this reason, the authorization of competition is key.

“A thorough analysis of the evidence gathered during our investigation has shown that the agreement is unlikely to lead to an increase in prices or a reduction in the quality of mobile services, which means that customers should continue to benefit from strong competition.” , has indicated the CMA. The competition authority, in this case the European Commission, has already thwarted a key operation of Telefónica O2, its sale to Hutchison in the spring of 2016.

Like the former, the integration of O2 and Virgin is key to the plans of the Spanish company and its president, José María Álvarez Pallete, in reducing debt. With the operation, teleco foresees a debt reduction of between 6,300 and 6,652 million euros, and an initial payment of 6,500 million euros. At the end of 2020, Telefónica’s debt was around 35,000 million, although the teleco pointed out that, with the pending operations, the merger of O2 and Virgin, and the sales of Movistar Costa Rica and the Telxius towers to American Tower, indebtedness would be around 26,000 million.

The operation was announced in May last year, in the midst of the pandemic, and a few months later the United Kingdom asked Brussels for the operation’s file, in view of its characteristics and the end of the post-Brexit transition process.

The CMA has indicated that its analysis has not focused on possible duplications in the retail markets, without considering whether the operation may reduce competition in the wholesale market, that is, in the rental of services to third-party operators.

Virgin rents lines to operators such as Vodafone or Three to complete its own networks, while O2 rents its network to alternative mobile operators. The CMA feared a price hike in these areas, but has provisionally ruled out this possibility, indicating that customers should continue to benefit from strong competition.

The final approval could take place during the month of May, according to industry sources, who point out that it is highly unlikely that the CMA could change the direction of its decisions. From the outset, Telefónica’s management has demanded approval without conditions, recalling that, in 2015, the United Kingdom gave the green light to a very similar transaction, the purchase of Everything Everywhere by BT, also without setting conditions.

Both partners have worked with that conviction. In fact, already in the second half of 2020, they completed the recapitalization of the joint venture, with the raising of more than 6,100 million euros between credits and bonds. Last week, Telefónica and Liberty announced the management structure of O2 Virgin Media. Thus, Lutz Schüler, from Virgin will be the CEO of the new operator, while Patricia Cobián, financial director of O2, will occupy the same position in the joint venture.

In addition, Liberty Global has accelerated in recent weeks the segregation of Virgin Media’s business in Ireland, which was not part of the agreement with Telefónica.

Telefónica and Liberty have argued that the merger combines the mobile strength of O2, with an ambitious 5G deployment, and the weight of Virgin Media in fixed broadband. One of the promises of both partners is the acceleration of the deployments of the next generation infrastructures, both mobile 5G and fiber. In this case, the Spanish group has highlighted that it will contribute its experience in the deployment in markets such as Spain and Brazil.

Telefónica shares started the session with slight decreases, amid the doubts that surround the markets. In the first minutes of trading, they are left around 0.7%, up to 3.71 euros. Various analysts have agreed that the approval of the merger of O2 and Virgin Media should be a catalyst for the recovery of the matildes.

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The Buscón de Vierge, cleanly and forever, escapes the storm

The publisher that makes the most beautiful books in Spain, a true flower of a stamp, the paradise of good tone, the best experience of letter and image, generous margins and typeface close to orgasm for the cultured gourmet, is Jesús Egido. Kingdom of Cordelia and King Lear, where Luis Alberto de Cuenca works as a secret magician for so long, are the paradise of good homeland illustration. Jesús Egido, with his open trucker shirts and no buttons on the neck, one eye looking at Cuenca and the other at his native León from the heart of Madrid, the belly of Buddha and the hand of all miracles, helps to live well and much best.

Absolute first: Reino de Cordelia publishes El Buscón de Vierge, for the first time in current Spanish, cleanly and forever. Daniel Urrabieta Vierge was born in Madrid (1851) and died in Paris (1904). He was the head illustrator for Victor Hugo; he also makes beautiful drawings of Zola (with Renoir), Poe and Cervantes. France and England raffle it, at vintage prices, while in their country (Spain), as often happens, they didn’t even know about it. A hemiplegia deprives him of a hand, of speech and paralyzes or buries half of his body, but this does not prevent his great epic: he illustrates E l Buscón de Quevedo, who would form a diptych with Cervantes’s Don Quixote, in a state of abduction and both of them hallucination, without the slightest respite, as only the sick and the insane are capable, now and always, of speaking about the spirit. A brilliant feat.

Before the cardiovascular accident, he had already begun, between cramps, groping and fondling El Buscón. Without a right hand, with his left hand as such, he does not allow himself to be overcome by paralysis: 120 shining and iridescent drawings of Hispanic fury. He publishes the first edition in London (1892), the publishing cradle of the world, the blue challenge attracts the most luxurious public, the book is a party and Vierge a prophet. Wounded at age 30 by misfortune, he is quoted by newspapers of the stature of The Illustrated World. All Vierge is magic, chills, black handwriting veiled by strangeness.

Madrazo and Borglini were his teachers at the Madrid School of Fine Arts (1864) and it shows on the cloth. Jesús Egido, magician disheveled of himself, letter-wounded saint, curator editor, could not say it better as an acid front: “The Spanish obsession for looking outside the doors before attending to what is at home has allowed one of the great 19th century illustrators, Daniel Urrabieta Vierge, is practically unknown to the general public. And that despite the fact that most of his production was made for France and England, including his two most ambitious projects, The Quijote and The Buscón”. Spain, as always, so many times stepmother and cannibal of her best children. That eternal palletism that the gold, in jets, comes from outside.

Years passed until the left-handed man did the work of the right-hand man, and the many walks taken with Gustave Dumontier by Meudon, helped the gods in their work. He recovers his speech (1884) but follows the black dog of misfortune biting the leg and bottom of the strict present: his companion Clara, caretaker in illness, lover in joy, breastplate and back under all fortune dies. He has a friend named Marie Boucher (1885), married with a son, who is soon widowed and soon marry him. He resumes his activity as an illustrator, travels to London, returns to Spain, then receives the visit of two obsessed men, the American artist Joseph Pennell together with the British editor Thomas Fisher Unwin, whose interest is to complete the illustrations of El Buscón, of which the Bonhoure edition. Everything is sold today by Egido, just over twenty euros, in an identical billet for which he received the Gold Medal of the Universal Exposition of Paris (1889) in the shadow of the recently raised (like the stiff cock of Jesús Egido and the Mio Cid) Eiffel Tower. Successive editions in London (1892) and money that arrives as a whole curate of the soul.

Is it necessary to clean Quevedo’s language? Of course, many archaisms are updated, the subjunctives of that are a stumbling block for the modern reader, as well as pronouns, zeugmas, gerunds, complex parataxes that are not hypotaxis. There are thousands of examples: “guest” in the Golden Age points to both the host and the guest, “to run” is “to be ashamed” or “to be outraged” and not what we imagine today, the Quevedian concept includes mental and venerable games, with purposes comedians, whose variegation and amazement must be clarified as old silver is cleaned or the sun is renewed after the rain. Quevedo stands out in metaphor and comparison, but not in today’s way, his associations and dialogues are different, his extravagances in hyperbole deserve a map, his humorous allusions or animalizations in the grotesque way are better with some compass, similes and metaphors, allusions satirical, require decoding. When he talks about “cat”, for example, he refers to “thief”, and for that we need someone to clarify it now, at the minute.

El Buscón de Vierge, and Egido, makes our hair stand on end, wakes us up like shaved fear, electrifies and crucifies us, because this work deserved a life and it was that life defending itself to the edge of the precipice (as defined by García Márquez or Pavese all literature) who saved the work. Thank you, Egido, Spaniard who looks to your country to dedicate these songs to him, for this unexpected treasure with a touch of sleep.

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Richard Branson’s Virgin Orbit arrives in space for the first time

By AFP

It was the company’s second attempt after a failed test in May.

“LauncherOne has reached orbit! Everyone on the team who is not in mission control right now is going absolutely crazy,” the company tweeted from its Twitter account at 2:49 pm (8:49 PM GMT).

The plane took off from the Mojave air and space port in the desert north of Los Angeles and launched the rocket over the Pacific Ocean.

Founded by British billionaire Richard Branson in 2012, Virgin Orbit wants to offer a fast and flexible service for operators of small satellites, weighing between 300 and 500 kilos, a booming market.

The 21-meter Virgin Orbit rocket called LauncherOne, is attached to the underside of a wing on a modified Boeing 747 called “Cosmic Girl.”

When it reaches the required altitude, the plane launches the rocket, whose own engine ignites to push it into Earth’s orbit and places its payload in space.

Launching a rocket from an airplane is more flexible than a vertical takeoff because, in theory, all a business needs is a runway rather than a space launch pad.

Richard Branson has founded another space company, Virgin Galactic, which is using a similar concept with the aim of taking tourists into space to experience weightlessness some 80 kilometers above the surface of the Earth.

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The merger of Telefónica and Virgin will suffer a year of stoppage if the United Kingdom enters

Fear of dark clouds in Telefónica’s flagship corporate operation. He UK competition regulator, known by the acronym CMA, has entered the scene asking to be the one to decide on whether to give the green light to fusion of O2 and Virgin, an operation that would allow the Spanish operator to reduce its financial debt by more than 6,200 million. The British body wants to be the ‘judge’ and that the European Commission yield the witness. If so, the delay is the main fear. And this could be up to one year, which would lead to the closing of the merger in 2022.

Everything started a week ago. The teleco chaired by José María Álvarez-Pallete presented the credentials of the ‘joint venture’ to Brussels, as La Información advanced. It did so by giving some more ‘extra’ detail in the summary document, confirming that in principle it includes its percentage of the subsidiaries that it shares with Vodafone, for the management of the telephone towers, and with Tesco, for the sale of packages of mobile rates. They went to the Commission because, based on current regulations, it is the Directorate General for Competition that must give its blessing. But everyone, including the legal team of the two operators, assumed that the CMA would take action. And so it has been.

“As the merger will only affect UK consumers, and the effects will only be felt after the end of the transition period [del Brexit], It is correct that the CMA requests it, “he pointed out in his statement. That is the allegation they make: although legally today it is up to Brussels, they they believe they are the authorized voice, given the horizon of the departure of the European Union from the country led by Boris Johnson. In this way, the Commission has until November 5 to give an answer: if it authorizes the operation or if it hands over the case to its British ‘colleagues’.

In Telefónica there is a clear concern about this possible transfer of the case. And the reason is in the times. According to knowledgeable sources, this would mean up to twelve more months of waiting, as there would be a first phase of between 6 and 8 months where you should study all the documentation delivered. And the opening of a second phase would be likely, which would last a minimum of another three months but which, based on the size of the transaction, would even reach six. In a very different order of magnitude, this twelve-month period has been given in operations such as that of the online ticket resale platforms Viagogo and Stubhub, which has been stuck since December and a response is expected just twelve months later, or the entry of Amazon in the shareholding of Deliveroo.

“Transferring the case to the CMA would delay this process and our ability to move forward with improving the UK’s 5G and broadband infrastructure, while creating new jobs in the UK,” they said in a statement. joint declaration of both companies, which they insisted that the European Commission should approve “quickly” The transaction therefore “respects the rules of competition and will bring substantial benefits to UK consumers.” In both cases, there is a rush to try to extract as soon as possible all the synergies – estimated at more than 6.25 billion pounds – in the middle of a new wave of consolidation in the sector.

Brexit is a factor that distorts everything, as there is a political struggle between both parties that could affect this decision. It is true that the analysis will be bordering on the deadlines, since the transition period ends on December 31. According to sources close to the operation, the EU-United Kingdom agreement provides that the Brussels Government is competent to hear the case even if the effects are on the British market and transfer to the CMA would only be justified in case there were problems of major competition.

The background is clear. In the purchase of O2 by Hong Kong company Hutchison in 2015, which implied the reduction of competitors by merging the Telefónica subsidiary with the operator Three in the country, the CMA also made a similar attempt, claiming precisely that authority by limiting itself to the British market. There was an addition: British Telecom had decided to go to them to authorize the purchase of the mobile operator EE for 12,500 million pounds on those dates. Finally, Brussels decided to take center stage. But the country’s CNMC wanted to press for the acquisition to be overturned and proposed a series of corrective measures (known as ‘remedies’).

O2 steals few clients from Movistar: not 15% of registrations come from Telefónica

A thermometer for fusions

All the operators of the sector in Europe look to Brussels this time. And they do so at the beginning of a wave of consolidation with which the number of competitors could be reduced in the coming years. It is assumed that there will be more unions and mergers and the position marked by the Commission could serve as a thermometer for other operations that occur in the future. It would not be decisive, but it would be important. The reason: it is an acquisition within a market, a move that would have a greater facility to achieve the green light. The real challenge will come with the unions between operators of different countries with significant size.

Analysts are more optimistic. And companies (and their investors), too. One of the points in favor, and that may mark the future decisions of the competition authorities, is the ruling of the General Court of the European Union (TGUE) of last May in which overturned the decision to veto, precisely, the purchase of O2 by Hutchison in 2015. The court understood that the alleged effects on the effect on prices and on the quality of services had not been sufficiently demonstrated.

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The United Kingdom claims Brussels the investigation of the merger of Telefónica O2 and Virgin | Companies

The British competition authority, the Competition and Markets Authority (CMA), has asked the European Commission to transfer to the United Kingdom the investigation and the final decision on the merger of O2 and Virgin Media, British subsidiaries of Telefónica and Liberty Global, respectively.

In a statement, the CMA recalls that Telefónica and Liberty notified their plans for the operation to the European Commission on September 30. Brussels gave until November 5 to make a decision.

The British authority believes that in this case, the file should be transferred to the United Kingdom because the potential impact on competition will only be in some retail and wholesale telecommunications markets in the country itself.

Furthermore, the CMA warns that, although Brussels has had a strong interest in the past to ensure consistency in various mergers in the telecommunications sector, now the Community position is no longer relevant given the imminent end of the transition period for the exit of the United Kingdom from the European Union.

The CMA indicates that the initial limit for Brussels to respond to this requirement is on November 19, 2020. The British competition regulator states that it has been in close contact with the European Commission in its investigation to date and will continue to do so in should Brussels decide that jurisdiction over the case should not be transferred.

In principle, the fact that it is the British authorities instead of Brussels who investigate the operations, would be more favorable for obtaining the go-ahead. Last May, in the announcement of the merger, José María Álvarez-Pallete, president of Telefónica, defended that the operation will not affect competition, recalling that another very similar operation, the purchase of Everything Everywhere by BT in 2015, which involved the integration of a mobile operator with a fixed broadband telecom, was approved by the British authorities with hardly any conditions.

A resolution that contrasted with the decision of the European Commission in 2016 to block the sale of the aforementioned O2 to Hutchison Three because it meant reducing the number of mobile network operators from four to three, affecting British users. This community decision, which penalized Telefónica’s debt reduction plans, came just weeks before the Brexit referendum, where UK voters voted in favor of leaving the European Union.

The official request of the CMA has done well for Telefónica on the Stock Market. Its shares rise more than 3% after noon, to 3.24 euros, and maintain the rebound of the last days, after having lost the level of three euros last week.

Faith of errors

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