Suspicions that it was started malicously has possibly strengthened. Sources claim that the fire spread quickly because there was more than one fire. Witnesses stated inter alia, have seen an unidentified jeep coming from a farm between Ojén and Marbella exactly where the fire then got an awesome course. In Marbella, it was announced yesterday that it is now able to restore electricity, water and telephone networks in all affected areas. It is now under the companies just the kind of disruption that is "normal". In areas Elviria Ricmar has repaired water pipes, power lines and 3000 meters telephone and fiber optic cable. It has also been launched several campaigns to restore nature and conduct tree plantings. Biologists say that tree planting may be necessary until next year. The hotel chain Fuerte Hoteles has among other things promised to donate a tree for every hotel guest you have in Marbella. The hotels have also started a fundraiser where guests can help by buying a tree, which will then be planted in the affected area.
Saturday, 8 September 2012
Monday, 13 August 2012
London's secret music venue and their livestream act
With an invite-only door policy and super secret location, Boiler Room is London's most exclusive music venue. But elitism isn't the premise for its clandestine nature—in fact, anyone with an Internet connection can easily join in the fun. Using a simple webcam, the crew behind Boiler Room livestreams each set for the world to see free of charge, and each month more than a million viewers tune in to see performances by artists like James Blake, The xx, Roots Manuva, Neon Indian, Juan Maclean and more.
We recently chilled out to the smooth sounds of Brooklyn's How To Dress Well before rocking out to revered musician Matthew Dear, who brought down the house with an intense 40-minute DJ set. Keep an eye out for our interview with Dear, but for now you can get a little more insight into the underground music scene's most talked about livestream show by checking out our interview with assistant musical programmer and Boiler Room host Nic Tasker.
How important is it for Boiler Room to remain secret, at least in its location?
That is quite an important aspect of it, purely because it means when you do shows you don't get a lot of groupies, pretty much everyone in the room is either a friend of ours or one of the artist's. It helps to create a more relaxed atmosphere for the artist and I think they feel less pressure. They're also just able to chill out and be themselves more rather than having people being like, "Hi can I get your autograph?" If the artists are relaxed usually you get the best music.
It seems like there is more interaction among the crowd than at a typical venue, is that intentional?
It's definitely a social place. All the people that come down, most of them we know and they're all our friends. So they come down, hang, have a drink and just chill out, basically. From our very set-up, we do it with a webcam, we're not a highly professional organization but I think that's kind of the charm of it. The main thing is people come down with the right attitude.
How much of the show is prescribed?
I guess that depends on the artist. We never say anything. Literally, whatever they want to do—we're kind of the platform for them to do whatever they want, so if Matthew Dear wants to come and play an hour of noise with no beats, he can do that. That's fine with us, and I think that's why artists like coming to play for us. We're not like a club where you have to make people dance, we don't give a shit if people dance. It's nice if they do and it makes it more fun, but some nights you just get people appreciating the music, which is equally fun.
Is there a particular kind of artist you guys look for and ask to come perform?
No, not particularly, it's just whatever we're feeling. Thristian [Boiler Room's co-founder] has the main say on musical direction, but it's a massive team effort. In London there's five of us, New York there's two, LA there's one and Berlin there's two.
Tonight you had different set-ups for each artist, do you tailor their positioning in the room to their style?
It definitely depends on the act and what kind of music they do. With live bands we found what works nicely is having them opposite each other because it's like they're in rehearsal, like they're just jamming. Which is again trying to give them that chilled out feel that they're just at home jamming and there happens to be a camera there. For some of our shows we've had over 100,000 viewers. When you think of those numbers it's quite scary, but when you're in the room and it's all friends it creates that vibe that people don't mind. You can imagine if you had all those people in front of you it would be a very different situation.
Have you ever thought of Boiler Room as an East London version of Soul Train?
It's never crossed my mind like that, but I can see why you think that. I like to think of us as the new music broadcaster, kind of the new MTV, but obviously we operate in the underground scene mainly. But I like to think that what we do is as revolutionary as what they were doing. We're always growing into something new.
What's up next for Boiler Room?
We have had visual people in doing 3D mapping, and that's something we're looking forward to progressing—doing more with the visuals. We've got the upstairs as well, we're starting to do breakfast shows with some high profile DJs, we're going to be doing that regularly. Each will have an individual format. The next step is progressing the US shows, we're alternating weekly between New York and LA, so the next step is to take Boiler Room to America
Breaking Free of the Co-dependency Trap presents a groundbreaking developmental road map to guide readers away from their co-dependent behaviors and toward a life of wholeness and fulfillment.
Breaking Free of the Co-dependency Trap presents a groundbreaking developmental road map to guide readers away from their co-dependent behaviors and toward a life of wholeness and fulfillment.UK Citizens
This is the book that offers a different perspective on codependency and is strongly recommended by Dream Warrior Recovery as part of a solution based recovery. This bestselling book, now in a revised edition, radically challenges the prevailing medical definition of co-dependency as a permanent, progressive, and incurable addiction. Rather, the authors identify it as the result of developmental traumas that interfered with the infant-parent bonding relationship during the first year of life.US Citizens
Drawing on decades of clinical experience, Barry and Janae Weinhold correlate the developmental causes of co-dependency with relationship problems later in life, such as establishing and maintaining boundaries, clinging and dependent behaviors, people pleasing, and difficulty achieving success in the world. Then they focus on healing co-dependency, providing compelling case histories and practical activities to help readers heal early trauma and transform themselves and their primary relationships.
Friday, 27 July 2012
Gangs of highway robbers are targeting British tourists on holiday in Spain.
Hundreds of visitors in British-registered vehicles or hire cars have had their possessions, passports and money taken in ‘quick and slick’ distraction muggings.
The thieves typically trick their victims with loud noises, apparent accidents, supposed vehicle problems or pleas for help – before stealing bags and belongings from their vehicles.
Thieves: Hundreds of visitors in British-registered vehicles or hire cars have had their possessions, passports and money taken in 'quick and slick' distraction muggings
As millions of families begin their summer breaks, the Foreign Office has warned British-registered cars are ‘an easy target’ for motorway thieves.
The number of British tourists ambushed on Spanish roads has soared as the euro crisis has deepened, with the British Embassy in Madrid reporting a 10 per cent rise in the first quarter of this year.
This is likely to increase further as the peak holiday season begins.
A spokesman for the embassy said: ‘Motorists may be driving along the motorway and not notice there’s a car close up behind.
‘Someone in the other car throws a stone at their vehicle which creates a loud bang. The British drivers pull over to see what has happened and the gang is behind them.
‘They cause a distraction to steal from them or simply mug them. It’s a growing problem.’
Warning: As millions of families begin their summer breaks, the Foreign Office has warned British-registered cars are ¿an easy target¿ for motorway thieves
A hotspot for the gangs is the AP7 motorway between the French border and the Alicante region in southern Spain.
More than 140 cases of theft on this route were reported to British Consulates last year.
However, a spokesman said there were likely to be ‘hundreds more’ attacks going unreported across Spain because victims usually contact a British consulate only if they have lost their passport.
Dave Thomas, consular regional director for Spain, said: ‘Be on your guard against anyone who attempts to stop you or ask you for help.
‘They may well be part of a gang operating a scam in which an unseen accomplice will rob you of your things.’
Stephen and Helen Robinson, from Desford, Leicestershire, had their bags stolen from their Audi Q5 as they stopped to walk their labrador retriever Polly at a service station between Barcelona and Valencia.
The couple, who are in their 50s, were standing at the boot of their car when a man on a mobile phone asked them how to say something in English.
While he distracted them, their belongings were taken from the front of the car, despite Polly being inside.
Mrs Robinson said: ‘It was quick and slick. You may be more tired and therefore more vulnerable when you’ve been travelling, so separate your valuables into different places in the car, and when you stop be aware you may be being watched. You won’t see the accomplice of the person who is distracting you.’
In a separate incident, Joy and Alan Horton, from Bury St Edmunds in Suffolk, were driving a Ford Focus hatchback through Spain when they heard a loud bang and pulled over.
A car that had been travelling close behind them also stopped, and while the driver talked to them, his accomplice stole their possessions without them noticing.
Mr Horton said: ‘If you think your car may have been in a collision and you pull over, lock the car as soon as you get out and mount a guard on both sides of the vehicle. Keep all bags and valuables in a locked boot.’
Professor Stephen Glaister, of the RAC Foundation, said: ‘Drivers need to remember to stay alert and be ready for unwelcome surprises just as they would be at home.’
Thursday, 26 July 2012
The biggest fines in British maritime history were handed down to a group of Spanish fishermen on Thursday, for illegal fishing in UK waters.
Photograph: Robert Ghement/EPA
Some of the biggest fines in British maritime history were handed down to a group of Spanish fishermen on Thursday, for illegal fishing in UK waters.
Two companies owned by the Vidal family were fined £1.62m in total in a Truro court, after a two-day hearing, in which details emerged of falsified log books, failing to register the transfer of fish between vessels, false readings given for weighing fish at sea, and fiddling of fishing quotas.
Judge Graham Cottle said the family were guilty of "wholesale falsification of official documentation" that amounted to a "systematic, repeated and cynical abuse of the EU fishing quota system over a period of 18 months".
He said: "[This was a] flagrant, repeated and long term abuse of regulations. The fish targeted [hake] was at that time a species of fish on the verge if collapse and adherence to quotas was seen as crucial to the survival of the species."
The Spanish fishing vessels had been sailing under UK flags and were landing fish based on quotas given to British fishermen under the EU's common fisheries policy. Two vessels were involved, but the companies own several other large vessels, capable of industrial-scale fishing.
The offending fishermen, who admitted their guilt earlier this year, were not in court to hear him, having been given leave to return to Spain last night. The offences, dating from 2009 and 2010, relate to two companies, Hijos De Vidal Bandin SA and Sealskill Limited, both owned by the Vidal family. They were fined £925,000 on a confiscation order, plus £195,000 in costs, and an additional fine of £250,000 levied on each of the two companies. Two skippers who were acting under the family's instructions were fined £5,000 each.
Ariana Densham, oceans campaigner at Greenpeace, who was present for the trial and judgement, said that the fines, while welcome, did not go far enough. "This group of people should never be allowed near UK fishing quota again," she said. "The Vidal's right to fish should be removed completely."
She said the offences showed the vulnerability of the EU's fishing quota system to fraud. "The system that allowed this to happen needs to be fixed," she said. "This case is not a one off. It's a symptom of Europe's farcical fishing rules. The Vidals were permitted to fish under UK flags, using UK quota, and receive huge EU subsidies, with none of the proceeds ever feeding back into the UK economy. The system is skewed in favour of rich, powerful, industrial-scale fishing companies, when really it should be supporting low-impact, sustainable fishermen."
There are currently moves under way in Brussels by the fisheries commissioner, Maria Damanaki, to reform the EU's common fisheries policy. The proposed reforms – which include the ending of the wasteful practice of discarding healthy and edible fish at sea – have met stiff opposition, particularly from the French and Spanish fishing industries. Spain has the biggest fishing fleet in Europe and receives the lion's share of the subsidies available for fishing within the EU. A historic agreement was reached among member states last month on the proposals, but they must now pass the European parliament, which is expected to consider the proposals later this year.
Monday, 16 July 2012
Friday, 13 July 2012
Tattoos are permanent reminders of temporary feelings
'It's wisest to pick someone whom you cannot break up with or divorce.' Photograph: Gary Powell/Getty Images
Tattoos are permanent reminders of temporary feelings – at least if you believe the report in Thursday's Daily Mail, which looked at "embarrassing" matching couple tattoos – designs that complement or complete each other across two, romantically involved bodies.
Yet there are millions of people who feel no embarrassment about the tattoos they share with their friends, lovers and even exes. Moreover, as with most perceived "new trends" in tattooing, this practice is one with a history far older than the current generation; it's a phenomenon that provides both an insight into human beings' fundamental relationships with their own bodies and the bodies and lives of those close to them.
Tattoos have been used as markers of association for probably as long as human beings have walked the earth, to mark tribal affiliations, regimental membership in the military, membership of fraternal orders such as the masons or US college Greek letter groups, and to signify gang membership.
The most common of these types of affiliative tattoos, though, is marking an attachment to a loved one. There's an old adage in tattooed circles that suggests getting your lover's name tattooed on you is a sure kiss of death for that relationship, and it's an old gag too: Norman Rockwell's famous 1944 Saturday Evening Post cover painting, The Tattooist, shows a salty sailor in the tattooist's chair, having yet another name added to an arm already full of the crossed-out names of past paramours. Even earlier, a cartoon in Punch from 1916 shows a "fickle young thing" – a well-turned-out young woman, as it happens – revisiting her tattooist to seek an amendment to the ornamental crest tattoo on her arm as she has, euphemistically, "exchanged into another regiment".
None of this seems to have affected the long-standing popularity of having names or symbols tattooed to commemorate couples' love and bond. Magazines in the 1920s reported the latest fad for newlyweds was getting matching tattooed wedding rings; preserved tattooed skins in the Wellcome Collection from the late 19th century feature names and portraits of lovers; studies of tattoos in the American navy in the 18th century reveal a large percentage of seamen of the period bore tattoos of the names of women; even Christian pilgrims in the 16th century were recorded to have borne the names of their wives on their skins, as tokens or identificatory marks; and records attest to romantic tattooing even in ancient Rome – St Basil the Great (329-380) is said to have condemned the tattooing of a lover's name that he observed on someone's hand. While I'd certainly never advocate getting a permanent mark of your relationship too hastily, it does seem that the instinct to inscribe a permanent token transcends the ages. Caveat amator.
Single tattoos that span multiple bodies appear to be a more recent phenomenon, however. In 1977, New York-based tattoo artist Spider Webb undertook what was probably the first conceptual art project to use tattooing, in a piece called X-1000, in which he tattooed single, small Xs on to 999 individuals, and, as a culmination, one large X on the final, 1,000th skin, conceived as one contiguous work. This tattoo, potentially spanning thousands of miles at any one time, was, Webb said, "the largest tattoo ever done at any point in history". In 2000, as the culmination to a performance art project begun in 1998 designed to highlight the horrific lives and plights of the homeless and hungry in Mexico City, Santiago Sierra produced his piece 160cm Line Tattooed on Four People, a single black line tattooed across the backs of prostitutes in exchange for wraps of heroin, as a symbol of their desperation, interdependence, and utter powerlessness. Sierra would later remark: "You could make this tattooed line a kilometre long, using thousands and thousands of willing people." In 2003, author Shelley Jackson famously published her short story Skin on the bodies of 2095, one tattooed word per person. These tattoos bring together strangers in common cause.
My favourite set of matching tattoos, though, are probably the ongoing collection of work worn by twins Caleb and Jordan Kilby, tattooed with matching work by influential and extraordinarily talented New York-based artist Thomas Hooper. If you must get matching tattoos with someone, it's wisest to pick someone whom you cannot break up with or divorce, and to get the work carried out by a tattoo artist who will produce a piece of work that will stand the test of time on its own terms.
Latvian company creates leather bound Ferrari
We're familiar with seeing tight leather on smoking hot women, and weird old men, but it's a first for us seeing a leather bound Ferrari F430.
There seems to be a lot of fuss over this leather bound Ferrari F430 in the UK with both The Sun and The Daily Mail reporting about it recently.
However, this isn’t a new car by any means as US motoring blog Jalopnikreported on the F430 way back in August last year. It’s a pretty cool, albeit manky, car so we thought we’d show you anyway.
It’s the work of a Latvian custom car company called Dartz who hit the headlines in 2009 when they created a $1.5 million ruby red SUV with whale foreskin-covered seats. Yes, foreskin…
Anyway, some high roller with more cash then sense decided it would be a great idea to cover his €170,000 Ferrari in dark leather.
The owner of Dartz, Leonard Yankelovich, said: "One of our very rich customers from the Cote d'Azur wanted a leather exterior and knew we could deliver.
"It took three of my staff 16 working days to apply the leather and finish. He was more than happy when he picked it up."
He won’t be too happy when he scratches it though.
Is this the most expensive way to ruin a Ferrari?
Thursday, 12 July 2012
Five Britons are among a group of missing climbers feared dead
Mont Blanc avalanche – An emergency services helicopter searches for survivors of the tragedy in Chamonix, France. Photograph: Jean-Pierre Clatot/AFP/Getty Images
Five Britons are among a group of missing climbers feared dead after an avalanche killed at least six people in the French Alps in the early hours of Thursday.
The tragedy struck just after 5am as a group of climbers began a dawn ascent on Mont Maudit (Accursed Mountain) in the Mont Blanc range at Chamonix. The climbers were reported to have been roped together in at least two teams as they climbed one of the most popular but dangerous routes up the mountain.
Unconfirmed reports in Swiss press suggest at least nine people have been killed – including two Swiss, two German and two Spanish climbers. Another eight were injured and flown to hospital, and seven –five British and two Spanish climbers –have been reported missing.
A spokesman for the Alpine mountain rescue service, which scrambled a helicopter and sniffer dogs to the area after being alerted by an injured climber just after the avalanche, said it had probably been caused by snow collapsing in the warm July weather. "We were initially alerted just after dawn by one of the survivors who called us on a mobile phone," he said.
Bertrand François, commander of the Haute-Savoie gendarmerie, whose officers were combing the mountainside for survivors on Thursday, offered a glimmer of hope for the missing climbers, saying it was possible the missing had been ahead of the group struck by the avalanche and had not been swept way. "It doesn't necessarily mean they are under the avalanche," he said.
Manuel Valls, the French interior minister, was on his way to the scene of one of the worst mountain tragedies in recent years.
The 4,465m Mont Maudit is part of the Mont Blanc range, widely considered one of the most dangerous for climbers in the world, which often claims more than 100 victims a year.
Eric Fournier, the mayor of Chamonix, said described the snowslide as "one of the deadliest in recent years". "There was no weather bulletin giving any avalanche warning," he said, adding that shifting ice sheets could have triggered the avalanche.
The tragedy is one of the worst in the Mont Blanc range since August 2008 when eight climbers, four Austrians, three Swiss and one German perished in similar circumstances.
Wednesday, 11 July 2012
Mobile operator O2 hit by nationwide network failure that left users unable to make calls or text
The O2 mobile phone network crashed tonight leaving thousands of customers across the country cut off. Users were left stranded, unable to make or receive calls or send texts, as the firm - which has 23 million customers in the UK - said it did not know when the problem would be fixed. Some customers also had no internet access. O2, Britain's second-largest mobile phone operator, admitted it was unclear exactly how many people had been affected. It said ‘thousands’ may be experiencing problems. The problems began this afternoon for some mobile users, the network said. O2 are urging customers to check their Twitter and Facebook feeds for updates - but the company’s webpage which displays live information about network coverage crashed. A spokeswoman said the problem was not 'location-specific'. ‘The problem is an issue within part of our core network that is preventing some mobile phones from successfully connecting,' she said. ‘The problem is not location-specific. All possible resources across our and our suppliers’ engineering teams are being deployed to restore service as soon as possible.’ Thousands of angry customers took to Twitter to complain. BBC television presenter Huw Edwards (@huwbbc), tweeted: ‘6 hours of non-service and counting, simply not good enough, O2.’ One Twitter user, Kelly Jones (@kelly-92), tweeted: ‘Having a phone that hardly works usually is annoying, but this whole no signal on o2 all afternoon is beyond irritating.’
Monday, 9 July 2012
The richest woman in the world, according to a respected business magazine, is not Oprah Winfrey, Queen Elizabeth II or L'Oreal heiress Liliane Bettencourt.
It's a relatively unknown Australian mining magnate. So who exactly is Gina Rinehart?
Asked once to sum up her concept of beauty, Gina Rinehart did not point to the pearls that so often adorn her neck.
Nor did she rhapsodise about the ochre landscape of her beloved Pilbara, a beautiful, if unforgiving, expanse of land in the northwest corner of Australia.
Instead, she spoke of the unlovely commodity that has made her family rich, and the giant holes in the ground from where it came. "Beauty is an iron mine," she famously remarked.
When her father, Lang Hancock, discovered one of the world's biggest reserves in the early 1950s, the export of iron ore was banned in Australia because it was deemed such a scarce and finite resource.
Continue reading the main story
Gina Rinehart
- Georgina Hancock born in Perth in 1954, studied in Sydney
- Father Lang Hancock made huge iron ore discovery in Western Australia before her birth
- Married lawyer Frank Rinehart in 1983
- After father's death in 1992, Gina became executive of the company
- Widowed with four children
- Rinehart 'world's richest woman'
Tens of thousands of iron ore shipments later, royalty payments from that Pilbara mining field in Western Australia continue to swell her coffers.
The Hancocks were not the sole beneficiaries. The multi-billionaire fervently believes that her father's discovery also made Australia prosperous, which partly drives her recent quest for influence, gratitude and respect.
It is partly borne of a lifelong sense of grievance - that Australia's traditional east coast elites have not recognised her family's contribution to the country's development, nor the local media.
With an estimated net personal wealth of $A29 billion ($US29.3bn, £18.79bn), Rinehart has in recent years gone from being Australia's richest woman to Asia's richest woman to arguably the world's.
Australian business magazine BRW has named her the world's wealthiest woman, and Citigroup has also predicted that the 58-year-old businesswoman will soon top the global rich list, with more than $100bn (£64.8bn) of assets to her name.
Gina Rinehart is said to make nearly A$600 (£393) a second
The royalty stream from that initial discovery - the "rivers of the gold," as it has been called - still contributes to her wealth, but it pales alongside the value attached to her mining interests in Western Australia and Queensland.
Continue reading the main story
“Start Quote
Whatever I do, the house of Hancock comes first”
She hates being called a mining heiress because she considers herself a self-made businesswoman who turned her company around after her father's death in 1992.
From a worldwide perspective, her spiralling wealth illustrates the shift in economic activity from the west to the east. From an Australian one, she embodies the shift from the east to the west. Once it was media moguls like the late Kerry Packer who topped the Australian rich lists. Now it is minerals magnates who are profiting from the country's China-fuelled resources boom.
Rinehart has set out to become both a magnate and a mogul, which is why she is the subject of so much attention and controversy.
Along with her mining interests, she now owns a share of Channel Ten, one of the three major commercial television networks, and has also become the single biggest shareholder in Australia's second largest newspaper group, Fairfax Media, although she reduced the size of that stake last week.
The group publishes three of the country's most venerable mastheads - the Sydney Morning Herald, the Melbourne Age and the Australian Financial Review, and the suspicion among many Fairfax journalists is that she will attempt to turn them into mouthpieces for her right-wing views.
The dark joke is that the Sydney Morning Herald might become the Sydney Mining Herald. However, she has not been able to gain seats on the board because of a dispute about her refusal so far to accept the group's declaration of editorial independence.
Her father Lang Hancock was a huge influence on herHer mining company, Hancock Prospecting, is essentially her life. She has few outside interests. She does not go in for the normal blandishments of wealth, like art, racehorses or a private plane.
She is renowned for her 24/7 work regime, and a tunnel-visioned determination. Her personal feuds are the stuff of legend and her long list of adversaries has included her father, his business partner, her first husband, her Filipino mother-in-law, Rose Porteous, and now three of her children.
Rinehart spoke at an anti-tax rally in Perth in 2010Famously litigious, many of her battles have ended up in court. "Whatever I do, the house of Hancock comes first," she once told a reporter. "Nothing will stand in the way of that."
Like her rambunctious father Lang, who railed against the scourge of "Canberra-ism," and "eco-nuts" in the environmental movement, her political views are a blend of conservatism and libertarianism.
An early heroine was Britain's Iron Lady, Margaret Thatcher, whom she met over lunch in 1977. Afterwards, the young Gina took much more care to dress in a business-like fashion, got a new hairdresser and started to wear more make-up.
Another intellectual hero was the free-market economist Milton Friedman. One of the reasons she cited for raising her children in the US, aside from her marriage to the Harvard-educated Frank Rinehart, was the hope that they might be taught by Friedman.
She is also a climate change sceptic, and close to the British Viscount, Christopher Monckton. On a visit to Perth last July, during which he delivered the Lang Hancock Memorial Lecture, Monckton spoke of Australia's need for an equivalent of Fox News, which could be funded by the "super-rich".
Continue reading the main story
Other rich women
- Christy Walton - widow of John, son of the founder of Wal-Mart, Sam Walton
- Liliane Bettencourt - daughter of L'Oreal founder Eugene Scheueller
- Johanna Quandt - third wife of German executive who rescued BMW
- Oprah Winfrey - television host and media mogul, one of the world's richest self-made women
- Birgit Rausing - art historian from Sweden inherited packaging firm Tetra Laval after death of husband
- Rosalia Mera - after dropping out of school to make dresses before her teens, the Spaniard co-founded retail company Inditex, which owns Zara
Rinehart was not present at the private meeting, but few doubted the identity of the "super-rich" person whom Monckton had in mind. When a video of his remarks was posted online, it heightened speculation that she was pursuing some kind of Foxification strategy in Australia.
I have also been told by one of her associates that she met Rupert Murdoch earlier this year, partly to discuss Fox News.
Given that the newspapers published by Rupert Murdoch's Australian arm, News Ltd, boast a 70% share of Australian readership, and that Fairfax has the remaining 30%, the widespread fear is of a conservative duopoly, and an end to editorial pluralism.
Rinehart's $A165m (£107m) stake in Channel Ten has already lost more than half its value and Fairfax, which last week announced 1900 job cuts, is not seen as a particularly attractive investment. Like her father, who started two newspapers, the profit motive is not a major consideration. Her investment, it is thought, is about political influence.
Besides, the amount of money involved is for her comparatively small. As an associate recently explained to me, she is adopting the same approach that the super-rich use when purchasing luxury yachts or private planes, which is not to invest more than 10% of their wealth.
In her ongoing drive for influence, the debate two years ago over the Labor government's plans to hit the mining sector with a super profits tax was a major milestone.
Unusually for a woman who has preferred to exert a behind-the-scenes influence, Rinehart led the chant of "axe the tax" at a protest rally in 2010 aimed at the then Prime Minister Kevin Rudd.
Her billionaire activism lent itself to easy caricature. A reporter from the Fairfax-owned WA Today joked that it was possible to hear her gold bracelet jangling "a note-perfect version of 'Money, Money, Money' as she pumped her fist". Within weeks, however, Rudd had been ousted, and his successor, Julia Gillard, immediately announced a climbdown over the mining tax.
Rinehart met the Queen when the British monarch visited PerthJust as Rinehart wants influence and gratitude, she is also determined to maintain rigid control of her company. Presently, she is locked in a highly-publicised legal battle with three of her four children over a family trust set up by Lang Hancock for his grandchildren.
The trust, which owns a share of her company, was due to settle its assets last September, when Lang's youngest grandchild, Ginia, turned 25. But Rinehart allegedly tried to push back the date that her children could become trustees until 2068.
Determined to retain sole control, she warned her children they faced ruin if they refused to bend to her will. "Sign up or be bankrupt tomorrow," she threatened in an email. "The clock is ticking. There is one hour to bankruptcy and financial ruin."
Her three eldest children described the manoeuvre as "deceptive, manipulative, hopelessly conflicted and disgraceful". It is not so much about greed. Rinehart offered her three estranged children big payments to go along with her plan. It is more about control.
Commentators expect the same aggressive approach with her media strategy. After all, Australia's richest ever person is used to getting her own way.
Friday, 6 July 2012
Bankers face the prospect of jail as Serious Fraud Office launches criminal probe into interest-rate fixing at Barclays
Hearing: Former chief executive Bob Diamond left Barclays over the matter, before appearing before MPs this week
A criminal investigation has been launched into alleged rigging of the Libor rate within the banking industry, the Serious Fraud Office (SFO) confirmed today.
SFO director David Green QC formally accepted the Libor issue for investigation after Barclays was fined by the Financial Services Authority (FSA) last week for manipulating the key interbank lending rate which affects mortgages and loans.
The claims ultimately led to the resignation of Barclays boss Bob Diamond and have become the focal point of a fierce political debate over ethics in the banking sector.
The investigation could ultimately lead to criminal prosecutions and bankers facing charges in court.
The SFO's update came after it revealed earlier this week that it had been working closely with the FSA during its investigation and would consider the potential for criminal prosecutions.
The Government department, which is responsible for investigating and prosecuting serious and complex fraud, said on Monday the issues surrounding Libor were "complex" and that assessing the evidence would take time.
Under fire: Barclays former chairman Marcus Agius (right) with former CEO Bob Diamond (centre), and former chief executive John Varley (left)
As the SFO prepares its investigation, Labour leader Ed Miliband continued to push for an independent inquiry into the banking scandal despite MPs rejecting the demands.
The Labour leader said that while the party would cooperate with a parliamentary investigation, its remit was too "narrow" and a judge-led probe was still needed.
Mr Miliband also defended the conduct of Ed Balls after the shadow chancellor engaged in a bitter war of words with his opposite number George Osborne in the Commons.
Thursday, 5 July 2012
Diabetes drug makes brain cells grow
The widely used diabetes drug metformin comes with a rather unexpected and alluring side effect: it encourages the growth of new neurons in the brain. The study reported in the July 6th issue of Cell Stem Cell, a Cell Press publication, also finds that those neural effects of the drug also make mice smarter. See Also: Health & Medicine Brain Tumor Stem Cells Nervous System Mind & Brain Brain Injury Intelligence Neuroscience Strange Science Reference Neural development Stem cell treatments Diabetes mellitus type 2 Embryonic stem cell The discovery is an important step toward therapies that aim to repair the brain not by introducing new stem cells but rather by spurring those that are already present into action, says the study's lead author Freda Miller of the University of Toronto-affiliated Hospital for Sick Children. The fact that it's a drug that is so widely used and so safe makes the news all that much better. Earlier work by Miller's team highlighted a pathway known as aPKC-CBP for its essential role in telling neural stem cells where and when to differentiate into mature neurons. As it happened, others had found before them that the same pathway is important for the metabolic effects of the drug metformin, but in liver cells. "We put two and two together," Miller says. If metformin activates the CBP pathway in the liver, they thought, maybe it could also do that in neural stem cells of the brain to encourage brain repair. The new evidence lends support to that promising idea in both mouse brains and human cells. Mice taking metformin not only showed an increase in the birth of new neurons, but they were also better able to learn the location of a hidden platform in a standard maze test of spatial learning. While it remains to be seen whether the very popular diabetes drug might already be serving as a brain booster for those who are now taking it, there are already some early hints that it may have cognitive benefits for people with Alzheimer's disease. It had been thought those improvements were the result of better diabetes control, Miller says, but it now appears that metformin may improve Alzheimer's symptoms by enhancing brain repair. Miller says they now hope to test whether metformin might help repair the brains of those who have suffered brain injury due to trauma or radiation therapies for cancer.
Spanish Tourism Industry Prepares for Difficult Summer
Spain's tourism industry is bracing itself for a painful slowdown in bookings this summer, driven by a steep decline in local tourism, according to the country's leading hotel association. Reservations by Spanish vacationers for the month of July are 30% lower than last year, amid persistently high unemployment and a protracted economic recession, said Juan Molas, president of the Spanish Confederation of Hotels and Tourist Accommodations. An influx of visitors from Russia and other countries in Eastern Europe has compensated somewhat for the decline in local tourism, but weak local demand is expected to weigh on an industry that accounts for about 11% of Spain's annual economic output. Hotel owners are concerned that the government may raise the industry's value-added tax to 18% from the current 8%, in a bid to reduce its yawning budget deficit, making Spain less attractive to foreign tourists compared with other less expensive destinations "If the VAT rises to 18%, it will be absolutely catastrophic for the sector," Mr. Molas said at an event Thursday in Madrid. Spain's government is working to secure €100 billion ($126 billion) in aid for its struggling banking sector from the European Union and plans to meet with EU officials next week to discuss new measures to improve its public finances. Prime Minister Mariano Rajoy has already implemented €45 billion in austerity measures, but weak tax revenue threatens to undermine his administration's goal of trimming its shortfall this year to 5.3% of gross domestic product from 8.9% last year. Sentiment in the hospitality industry is at its lowest level since 2009, according to an index developed by the hotel association and consulting firm PwC. Based on a survey of hotel firms, 57% of operators expect international tourism will hold steady this year, while 76% expect domestic tourism to decline. "The parts of the country that will suffer the most are those that cater to national tourists," Mr. Molas said.
Holidaymakers in Spain this summer are facing a surprise new airport tax imposed by the Spanish government
Holidaymakers in Spain this summer are facing a surprise new airport tax imposed by the Spanish government as it tries to balance its books. Some airlines are passing the new departure tax on to passengers, even if they booked their flights months ago. Some passengers have received emails telling them either to pay an extra charge of up to seven euros (£6) per person - or to cancel their flights. Other airlines are deciding whether to absorb the cost themselves. The budget airline Ryanair said Spain's 2012 budget, passed into law at the end of June, obliged airlines to pay increased taxes. Spain is implementing drastic measures to try to slash its budget deficit to 5.3% from 8.5% in 2011. It has been promised bailout funds of up to 100bn euros for its banks, but wants to avoid a full state bailout. Retrospective The European travel agents' association ECTAA said the amount of the extra levy varied depending on which airport people used. It said the average rise in the tax was 18.9%, but at some of the larger airports it would almost double. For instance, at Madrid-Barajas the tax would rise from 6.95 euros to 14.44, while at Barcelona's El Prat airport it would rise from 6.12 euros to 13.44. Ryanair said it would pass the cost on to passengers, even those who had already paid in full for their flights, because the tax applied "retrospectively to customers who booked flights before 2 July 2012 and are travelling from 1 July onwards". It said for bookings made on or after 2 July, the increased tax would have been included in the price. The Spanish low-cost airline Vueling is also passing on the cost. It sent emails to passengers giving them seven days to cancel their flight, or the extra payment would be debited automatically from the card they used to book. British Airways and Iberia told the BBC they had not yet decided whether to pass on the cost or absorb it. ECTAA said in a statement it was "dismayed" by the rise, which was imposed "without proper consultation of airport users nor appropriate implementation time". It said travel agents faced a "technical and financial nightmare to recover the extra charge".
Monday, 2 July 2012
Beware of missed call to check SIM cloning
Next time if you get a missed call starting with +92; #90 or #09, don't show the courtesy of calling back because chances are it would lead to your SIM card being cloned. The telecom service providers are now issuing alerts to subscribers —particularly about the series mentioned above as the moment one press the call button after dialing the above number, someone at the other end will get your phone and SIM card cloned. According to reports, more than one lakh subscribers have fallen prey to this new telecom terror attack as the frequency of such calls continues to grow. Intelligence agencies have reportedly confirmed to the service providers particularly in UP West telecom division that such a racket is not only under way but the menace is growing fast. "We are sure there must be some more similar combinations that the miscreants are using to clone the handsets and all the information stored in them," an intelligence officer told TOI. General Manager (GM) BSNL, RV Verma, said the department had already issued alerts to all the broadband subscribers and now alert SMSes were being issued to other subscribers as well. As per Rakshit Tandon, an IT expert who also teaches at the police academy (UP), the crooks can use other combination of numbers as well while making a call. "It is better not to respond to calls received from unusual calling numbers," says Tandon. "At the same time one should avoid storing specifics of their bank account, ATM/ Credit/Debit card numbers and passwords in their phone memory because if one falls a prey to such crooks then the moment your cell phone or sim are cloned, the data will be available to the crooks who can withdraw amount from your bank accounts as well," warns Punit Misra; an IT expert who also owns a consultancy in Lucknow. The menace that threatens to steal the subscriber's information stored in the phone or external memory (sim, memory & data cards) has a very scary side as well. Once cloned, the culprits can well use the cloned copy to make calls to any number they wish to. This exposes the subscribers to the threat of their connection being used for terror calls. Though it will be established during the course of investigations that the cellphone has been cloned and misused elsewhere, it is sure to land the subscriber under quite some pressure till the time the fact about his or her phone being cloned and misused is established, intelligence sources said. "It usually starts with a miss call from a number starting with + 92. The moment the subscriber calls back on the miss call, his or her cell phone is cloned. In case the subscribers takes the call before it is dropped as a miss call then the caller on the other end poses as a call center executive checking the connectivity and call flow of the particular service provider. The caller then asks the subscriber to press # 09 or # 90 call back on his number to establish that the connectivity to the subscriber was seamless," says a victim who reported the matter to the BSNL office at Moradabad last week. "The moment I redialed the caller number, my account balance lost a sum of money. Thereafter, in the three days that followed every time I got my cell phone recharged, the balance would be reduced to single digits within the next few minutes," she told the BSNL officials.
Sunday, 1 July 2012
France brings in breathalyser law
New motoring laws have come into force in France making it compulsory for drivers to carry breathalyser kits in their vehicles. As of July 1, motorists and motorcyclists will face an on-the-spot fine unless they travel with two single-use devices as part of a government drive to reduce the number of drink-drive related deaths. The new regulations, which excludes mopeds, will be fully enforced and include foreigner drivers from November 1 following a four-month grace period. Anyone failing to produce a breathalyser after that date will receive an 11 euro fine. French police have warned they will be carrying out random checks on drivers crossing into France via ferries and through the Channel Tunnel to enforce the new rules. Retailers in the UK have reported a massive rise in breathalyser sales as British drivers travelling across the Channel ensure they do not fall foul of the new legislation. Car accessory retailer Halfords said it is selling one kit every minute of the day and has rushed extra stock into stores to cope with the unprecedented demand. Six out of 10 Britons travelling to France are not aware they have to carry two NF approved breathalysers at all times, according to the company. The French government hopes to save around 500 lives a year by introducing the new laws, which will encourage drivers who suspect they may be over the limit to test themselves with the kits. The French drink-driving limit is 50mg of alcohol in 100ml of blood - substantially less than the UK limit of 80mg.
The number of Britons arrested overseas is on the rise, official figures have shown.
The Foreign Office (FO) handled 6,015 arrest cases involving British nationals abroad between April 2011 and March 2012. This was 6% more than in the previous 12 months and included a 2% rise in drug arrests. The figures, which include holidaymakers and Britons resident overseas, showed the highest number of arrests and detentions was in Spain (1,909) followed by the USA (1,305). Spanish arrests rose 9% in 2011/12, while the United States was up 3%. The most arrests of Britons for drugs was in the US (147), followed by Spain (141). The highest percentage of arrests for drugs in 2011/12 was in Peru where there were only 17 arrests in total, although 15 were for drugs. The FO said anecdotal evidence from embassies and consulates overseas suggested many incidents were alcohol-fuelled, particularly in popular holiday destinations such as the Canary Islands, mainland Spain, the Balearics (which include Majorca and Ibiza), Malta and Cyprus. Consular Affairs Minister Jeremy Browne said: "It is important that people understand that taking risks abroad can land them on the wrong side of the law. "The punishments can be very severe, with tougher prison conditions than in the UK. While we will work hard to try and ensure the safety of British nationals abroad, we cannot interfere in another country's legal system. "We find that many people are shocked to discover that the Foreign and Commonwealth Office cannot get them out of jail. We always provide consular support to British nationals in difficulty overseas. However, having a British passport does not make you immune to foreign laws and will not get you special treatment in prison."
Wednesday, 27 June 2012
Animal-human hybrid stickers invading Parisian streets
While marketing and mainstream communications campaigns have derived branding inspiration in the comic-like cartoon style of street art, and the values attached to its culture—freedom, community, transgression—the paradox still exists to see it framed and sold through traditional art channels.
We caught up with street artist Rafael Suriani at his recent show, "Collages Urbains", at Cabinet d'amateur gallery in Paris, where he told us more about street art and his relationship with the medium.
Suriani's mark features animals, surviving and thriving in the streets for its powerful and highly recognizable aesthetic. In his half-human-half-animal figures, the animal faces act as liberating masks, allowing the artist to express social criticism in an elegant way. The vibrant, seemingly playful creatures refrain from getting too serious and maintain a suggestive tone that avoids the obvious.
The stickers are the result of a double-binding process that first assembles man and animal, then adheres the resulting figure to the wall. In the past, Suriani has drawn from his Latin-American heritage, playing with shamanic mythology figures such as toucan or jaguar. In his recent series, on the other hand, he is more interested in urban domestic animals such as cats and dogs—according to the artist, the convention that they tend to resemble their owners offers a metaphoric way to talk about us people. Recently Suriani made a series of French "Bulldogs" as a special dedication on London walls, using this breed to cartoon and make fun of some French characteristics. Each dog expresses a different state of mind—humor, spirituality, criticism or beauty.
Suriani uses the rare technique of hand-painting every poster he sticks on the streets. Making each sticker is the result of a process involving selecting photos from the Internet, cutting them in Photoshop, then screening and painting before cutting the final product. Such repetition lies at the heart of street art practice, which is often based on plastering as many spots as possible, invasion-style.
When considering the ephemeral fate of the piece of work destined for degradation of the elements, police destruction or theft from passers-by, the time and effort for such little reward seems remarkable. Suriani explains, however, that the fleeting nature of his work is freeing and allows him to be audacious with both subject and technique. To him, because there is no pressure or constraint, that achievement is rarely a failure.
In the end, the piece of art is not the only sticker by itself, it is the sticker in its context, seen as a whole on the wall with the daylight shining on it, the motorbikes parked against it or the branch of a tree creeping across. Rarely is the work's time spent on the wall its only life, after all, with the rise of dedicated photographers immortalizing the scenes for the Internet.
Suriani claims his intention to step into the city's landscape by bringing much-needed beauty comes with a positive message. Rather than being aggressive or controversial, Suriani takes pleasure in having people on the street enjoy his figures. His work is bound to the city—physically, geographically and socially—compelling the public to refresh their view of their surroundings and drawing their eyes to the places that typically go unnoticed. As an architect, Suriani has found a way to unveil the city and change people's perception of the scenes they see everyday without truly seeing them. The choice of venue is very important, based on aesthetic consideration with attention to the context and surroundings like the location.
EURO 2012 POSTERS BY DAVID WATSON
Euro 2012 recently began and, for those of you who don’t know, it’s the European football championship. European football is what we Americans call soccer, and it has slowly gained steam over the years, although still not as popular as American football… Whether you’re into the championship or not (or even sports in general), you’ll probably love these simple, modern posters David Watson ofTrebleseven designed for it.
Each poster represents a particular country that’s playing, and the colors of their flag are incorporated into one of the various circular designs. I love the typographic twist these posters have and how they don’t have blatant sports references in them.
AWARE2 gigapixel camera
'AWARE2' gigapixel camera by duke university
above: 3 increasing zoom levels of footage taken by the camera
engineers at duke university have developed a camera able to take photos with up to one billion pixels of resolution.
the 'AWARE2' gigapixel camera uses 98 sensors each at 14 megapixels, capable of detecting detail from as far as 1 kilometer away.
the current model weighs in at approximately 100 pounds, and only shoots in black and white.
explore more of the super high-resolution photos on duke's site with these zoomable examples of a lake scene, building atrium and riverside town.
original image shot at .96 gigapixels; explore the full zoomable image here
the 'AWARE2' camera
camera processor render
making of 'AWARE2' gigapixel camera
Friday, 15 June 2012
El Paso, Texas was the safest city in the U.S. in 2010. Juarez, Mexico, across the Rio Grande river, has the highest murder rate in the world.
(AP Photo/Alexandre Meneghini, File)
The Santa Fe bridge links Juarez (bottom) and El Paso (top).
El Paso, Texas was the safest city in the U.S. in 2010.
Juarez, Mexico, across the Rio Grande river, has the highest murder rate in the world.
This incredible division emerged thanks to a confluence of global forces, according to Michael Casey's new book, "The Unfair Trade." These include the rise of Chinese manufacturing and subsequent decline of Mexican manufacturing; the rise of violent drug cartels to fill the void; and U.S. drug and immigration policies that have set Mexico on fire.
Casey describes the juxtaposition:
The economic outlook for small-business owners in [Juarez] is gloomy. According to the Juárez Restaurants Association, half of all dining establishments closed in the three years leading up to 2011, many shifting operations to El Paso. In a bitter irony, the neighboring Texas city boasts the lowest crime rate in the United States, a natural marketing advantage with which the newly relocated restaurants appeal to those Juárez residents who are free to travel to the United States and prepared to put up with a long wait at the border. Not so long ago, the flow went the other way. The Mexican city, where the margarita cocktail was invented in 1942, was an entertainment mecca, home to countless restaurants, nightclubs, casinos, bars, and hotels. In the mid-2000s, American teenagers would still wander across the International Bridge spanning the Rio Grande to visit watering holes on the Juárez side, where the drinking age was lower and where the scene was far more lively than in El Paso. But the bars on the street next to the bridge have all since closed, replaced by businesses catering to northbound travelers such as moneychangers and travel accessory stores. Meanwhile, those restaurants that still operate in other parts of Juárez now typically serve breakfast and lunch but rarely do dinner, because at night patrons are scared of being the target of a kidnapping or hit with a barrage of bullets.
Monday, 11 June 2012
Man stranded in desert builds motorcycle out of his broken car
According to Merriam-Webster, ingenuity can be defined as "skill or cleverness in devising or combining" or "cleverness or aptness of design or contrivance." We'd say that's an apt description of a Frenchman named Emile who reportedly found himself stranded in the deserts of Northwest Africa after breaking a frame rail and a suspension swingarm underneath his Citroën 2CV.
What to do? Why, disassemble the broken hulk and build yourself a motorcycle from its pile of parts, of course! As the story goes, Emile was able to use the inventive machine to escape the desert, though not before convincing the local authorities that he wasn't an insurgent and paying a fine for importing a non-conforming vehicle...
Since Emile was the only soul in the area, nobody has been able to confirm the veracity of the events that led to the little French runabout's conversion into a makeshift motorcycle. That said, judging by the images you can see here (apparently from the March 2003 issue of 2CV Magazine), this Citroën-bred two-wheeler does indeed exist, and it was definitely fashioned from parts scavenged from an old 2CV.
Emile, wherever you are, we take our hats off to your real-life MacGyver skills, sir.
Tuesday, 29 May 2012
Across the single currency zone, fears are rising and, even in the most moderate nations, populations are becoming more restive.
History is locked on fast-forward. Some say that seemingly arcane economic policy debate doesn't matter. In the UK, in particular, but across much of the rest of Western Europe too, the political and media classes have long displayed a tendency to roll their eyes whenever anybody with even a smattering of economic insight has had the audacity to show it. For the bien pensants, ignorance of financial issues has been a badge of honour. Economics has been dismissed as a "trade". To hold well-researched views about commerce and asset markets has been seen to be a suspect arriviste "striver". Such is the prejudice of those cosseted from economic reality, their minds dulled by generations of inherited wealth. Well, such minds created the euro and what a disaster the euro has been. And the greatest disaster could yet be to come. Let what is now happening in Europe serve as a reminder, a 28 million decibel wake-up call that serious economic debate matters and matters a lot. Attempts to dismiss or even suppress it, because it's "hard" or "boring", have very real human consequences. In the run-up to the eurozone's launch, there was almost no popular discussion of its inherent technical flaws. Those of us who tried to air such concerns, to wield the lessons of history, were dismissed as "xenophobes" and "cranks". So we've ended up with a eurozone so replete with inherent contradictions that it threatens now to spark financial meltdown across Europe and serious civil unrest. RELATED ARTICLES We could all be losers in this Greek poker game 19 May 2012 Broken banking system is keeping growth at bay 12 May 2012 Bankers' vitriol has masked King's uncomfortable message 05 May 2012 Pricey oil could put the brakes on US recovery 28 Apr 2012 Global financial markets are in a trance, a paralysis of fear and confusion. With politicians and policy-makers now finally admitting the jumped-up dismal scientists are correct, and "Grexit" could happen, investors in Europe and elsewhere are slashing their euro exposure. During the first quarter of 2012, bolstered by German growth, and with eurocrats scoffing at those who said Greece might leave, the single currency rose 3pc. Since that indecisive election on May 6, though, and Athens' subsequent inability to form a government, fears of a fully blown default, and eurozone-wide contagion, have spooked global markets. On Friday, the euro fell below $1.25 to a 22-month low and is now down over 4pc this month. Traders are contemplating the financial turmoil if Greece leaves, to be followed by who knows whom? Equities, meanwhile, have gyrated, on very low volumes. Institutional investors, clueless as to what will happen, have stock-piled cash. Having endured crisis after crisis since 2008, financial markets in general have volatility-fatigue. With trading thin, investment isn't happening, so compounding the broader growth-stasis. That cranks up welfare payments, lowers tax-takes and makes European sovereign balance sheets look even worse. And so, on an axis of printed money, the bank-government-bank negative feedback loop spins faster and faster. How long before the gyroscope finally topples and comes crashing down, with investors dumping the euro altogether? With "break-up" becoming ever more plausible, monetary union is showing structural cracks. Germany's 30-year bond yield last week dipped below 2pc, as the borrowing costs of embattled "peripheral" countries shot-up. Investors are so desperate for a haven, they're now lending Berlin short-term money for free. A single currency can be maintained if no-one worries if they're holding German, Spanish or Greek euros. Well, savers are worrying now. An "intra-euro bank-run" has been happening for months, with deposits heading for the Teutonic core. Mediterranean firms and households are petrified their cash could be converted into devalued drachma or pesetas on any break-up. And what of all those mortgages, corporate loans and other commercial contracts? Despite all this, European policy-makers languish in denial. Last week's "informal" European Union summit in Brussels focused on yet another "rescue scheme" – this time "project bonds" to be launched for a trial period this summer. Some €230m (£183m) has been earmarked from the existing EU budget to help the state-backed European Investment Bank provide infrastructure loans. This initiative will apparently attract €4.6bn in private investment, so helping the eurozone grow its way out of trouble. The latest growth news is bad, to be sure, with even Germany on the skids. Survey-based PMI indicators fell in May from 50.5 to a six-month low of 49.6 pointing to falling GDP. Germany's IFO Business Climate Indicator, lately resilient, also endured its sharpest drop since August, wiping-out five months of gains. Eurozone PMI measures are consistent with a 0.5pc quarterly GDP contraction, the region on the brink of another recession. As policy responses go, though, "project bonds" are like attacking an inferno with a water pistol – and a water pistol squirting petrol. The only "private" investors willing to invest in such a scheme will be state-dependent commercial banks and heavily regulated pension funds ordered to do so by their political masters. To hell with the debasements dangers and losses then foisted on long-suffering depositors and policy-holders. "Project bonds", of course, are designed to be a step towards the "eurobonds" being promoted by new French President, Francois Hollande – a euphemism for Germany under-writing everyone else's debts. That would amount, in essence, to fiscal union. It seems to me pretty obvious that, for all the hopes being pinned on such an outcome, it simply isn't going to happen. The tacit plan seems to be that Berlin will accept full-on European Central Bank debt monetization in return for a German-directed fiscal union, with powers to raise taxes and make large-scale transfers between countries, while issuing joint eurobonds. The trouble is that Greece is a democracy, Spain is a democracy. France, the world's fifth-largest economy and one of the most powerful countries on earth, is a democracy – and a pretty feisty one at that. Are all these countries, their electorates supplicant, their future politicians content, really going to subscribe to and live under, for decades to come, a system based on Berlin telling them how much they can borrow and spend? I don't think so. The German population, too, would accept neither the cost, nor the deeply uncomfortable position of superiority. While floating such political fantasies, though, this latest EU summit, incredibly, offered almost nothing by way of preparation for a likely Greek departure. No wonder the markets are afraid and confused. As this eurozone meltdown deepens, a chronic lack of "periphery" bank capital raises the risk of acute liquidity crises. Spain's fourth largest bank has just asked for a €19bn bail-out. Catalonia, the country's wealthiest region, says it is bust and central government must pay its bills. The central problem, compounded by the eurozone's deep flaws, is that many of the region's banks are fundamentally insolvent. The only way to address that is to lance the boil and, while protecting depositors, let these rancid institutions go bust. How long will it be before we face up to this unavoidable truth? How bad must the riots get, how volatile the financial markets, how many jobs and lives must be destroyed, how intense the global and diplomatic fall-out? For now, it's all eyes on the Greek election on June 17 – which, it seems, could go either way. The economically illiterate eurocrats, having insisted euro-exit was impossible, must now insist it could all too easily happen. That's the only way they can threaten to pull the plug if the Greeks vote the wrong way. Yet, for all the summitry and posturing, their credibility is shot to ribbons.
Proposed European rules for pilots' flying hours and working conditions must be improved or safety could be at risk
Proposed European rules for pilots' flying hours and working conditions must be improved or safety could be at risk, MPs have warned.
A report by the House of Commons Transport Committee said night-time pilot duty proposals are a particular worry.
Department for Transport spokeswoman"We have been clear that we would only support Easa's final proposals if the CAA is content that they provide an appropriate level of protection against crew fatigue.
It is especially concerned at the "possibility that a pilot could land a plane after 22 hours awake".
The committee has examined draft proposals from the European Aviation Safety Agency (Easa) to change the rules that govern how many hours a pilot can fly.
It said airlines welcomed the suggestions but cabin crew and pilot representatives have expressed reservations, stating they "would have a negative impact on aviation safety in the UK".
Committee chairman Louise Ellman said the UK currently has stricter flight-time regulations than some other European countries, but under Easa's proposals it would not be able to have its own regime.
The MPs say the proposals on night hours 'fly in the face of scientific evidence'
She said that under the existing UK rules "43% of pilots have reported falling asleep involuntarily at some point while on duty... and this shows how fatigue is already an issue in aviation".
The committee took evidence from consultant Mick Spencer, who has written his own report on the Easa proposals.
In its report, the committee said: "We share Mick Spencer's concern that 'the new regulations... could well lead to a situation where the accident risk will increase'."
Mrs Ellman said: "Current EU proposals risk making the situation worse, by lowering the UK's current standards. A lowest-common-denominator approach to safety will not benefit passengers, airlines or crew.
"The proposed 11-hour duty period at night for pilots flies in the face of scientific evidence. It should be reduced to a 10-hour maximum.
Jim McAuslan, general secretary of pilots' union BalpaThis report should be a wake-up call to the Government that it must stand up for UK-level aviation safety standards.
"We are also concerned at the possibility that a pilot could land a plane after 22 hours awake."
She added: "The Civil Aviation Authority (CAA) must do more to monitor pilot hours so that long duty periods are the exception not the rule.
"We are also concerned about a culture of under-reporting of pilot fatigue, which the CAA must tackle."
A Department for Transport spokeswoman said: "The safety of the travelling public is paramount, which is why we have been clear that we would only support Easa's final proposals if the CAA is content that they provide an appropriate level of protection against crew fatigue."
Jim McAuslan, general secretary of pilots' union Balpa, said: "This report should be a wake-up call to the Government that it must stand up for UK-level aviation safety standards and not allow them to be watered down.
"This is not for pilots' sake, but for the travelling public."
Sunday, 6 May 2012
Brink's Mat the reason that Great Train Robber was shot dead in Marbella
The Brink’s-Mat curse even touched on the Great Train Robbery gang of 1963. One of them, Charlie Wilson, found himself in trouble when £3 million of Brink’s-Mat investors’ money went missing in a drug deal. In April 1990, he paid the price when a young British hood knocked on the front door of his hacienda north of Marbella and shot Wilson and his pet husky dog before coolly riding off down the hill on a yellow bicycle.
