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Another day on thoughts when high on weed does it endager our life or does it just propels us to be better and smarter shear your comments
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Beijing Bulletin (IANS)Thursday 22nd January, 2015
Global powers Russia and China are gearing up to push their
currency in world trade to jolt the US dollar, considered to be the
default currency unit for international trade, a British economist said
Wednesday.
According to Simon Hunt, "de-dollarisation" is gathering pace in EU
and Asian trade markets with the likelihood of China and Russia's
currencies (Russian Rouble and the Chinese RMB) being linked to gold and
the eco-strategic alliance the two world powers are forming.
"Russia is selling oil and gas in currencies other than US dollar
undermining the importance of the American petro-dollar. It is also
converting its export revenue into physical gold," Hunt told IANS at an
event organised by Confederation of Indian Industries here.
According to World Gold Council, Russia became the sixth largest
economy to have gold reserves pegged at 1,187.5 tonnes while China ranks
seventh with the official figure of reserves at 1,054.1 tonnes.
"Gold is a still a premiere currency where no fiat money including the US dollar can match it," he said.
Hunt said while the US dollar is on its way to decline in European
Union (EU) as the recent move from the Swiss National Bank to push the
Euro in ECB policy signals "mistrust with American policies and the
world being US dollar," the superpower perceives the SCO and BRICS
blocks as a viable threat to its hegemony.
According to the economist, China is swapping currencies and keeping
Russian companies liquid by taking equity positions in state-owned
enterprises, making loans and advances both within China and between the
two countries.
Hunt said a large group of countries centred on the Shanghai
Cooperation Organization (SCO) and BRICS together with other emerging
countries are keen to replace the US dollar with other currency formats
with Russia getting the headway.
"The new world (developing and non US-allied nations) no longer wants
to be dominated by America and want to divest themselves from being
beholden to the US dollar," he said.
The Rouble, however, continues to be dependant on oil which may push
Russia to enter actively in the geo-political scenario in the
middle-east to push for strong oil prices while China will use loans in
US dollar to convert it into assets measurable in RMB to push out the US
dollar from its international transactions.
However, 32 percent comprising $4 trillion of China's forex is in US bonds.
China and Russia have also effectively switched to domestic
currencies in trading using the financial tools comprising of 'swaps and
forwards' amounting $25 billion to minimise the use of US dollar.
BEIJING - The case of jailed Chinese rights lawyer Pu Zhiqiang
has again been transferred to prosecutors, who can continue extending
their investigation against him.
His attorney, Mo Shaoping, told VOA's Mandarin service that the move
meant authorities could continue holding him without trial for up to
four more months.
"The recent progress is the police department's supplementary
investigation has been completed," Mo said. "This is the second time
[they have] sent the case file to the [prosecutors]. In two days, we
will go to examine the case file, and we will meet Pu Zhiqiang very
soon."
Authorities have not commented publicly about the latest moves in the case.
Pu, who turned 50 in custody this month, was initially arrested on
charges of "picking quarrels and stirring up trouble" and "illegally
obtaining personal information." But police later added the more serious
charges of "inciting separatism" and "incitement to subvert state
power."
Pu, a well-known free-speech lawyer, was detained last May after
attending a seminar on the 1989 pro-democracy movement. He was a
participant in that movement, which ended when Chinese troops, backed by
tanks, moved in to crush student-led demonstrations.
He has represented clients such as dissident artist Ai Weiwei and
members of the New Citizens Movement, which campaigns against official
corruption.
Julie Peng contributed to this report, which was produced in collaboration with the VOA Mandarin service.
DAVOS, SWITZERLAND - Chinese Premier Li Keqiang said Wednesday
that China's slowing economy reflected the broader, global situation and
promised that he would forge ahead with major reforms to boost growth
prospects.
Li told the World Economic Forum in Davos that China, hurt by a
housing slump and waning investment and manufacturing growth, would
continue to face headwinds in 2015.
China, the world's second-largest economy, announced Monday that
growth slowed to 7.4 percent in 2014 from 7.7 percent in 2013, with
fourth-quarter expansion put at 7.3 percent - slightly higher than
markets had expected.
"The Chinese economy will face downward pressures in 2015," Li said, adding that it was not heading "for a hard landing."
"China's economy has entered a period of new normal," he said. "The
new situation has made structural reform all the more necessary. The
[economic] adjustment in China reflects the world economy."
Among the reforms he listed were liberalizing the service sector,
protecting intellectual property rights and deepening China's capital
markets.
"We will move toward the path of reforms," Li said. "This way we can
shift gears without losing momentum and achieve medium- to high-speed
growth, and medium- to high-level development."
Beijing would encourage mass entrepreneurship and innovation, he
said, which could "offer an endless source of creativity and wealth" and
a "gold mine" for the country to tap.
The government should let the market "take a decisive role," he added.
Fiscal policy, taxation, foreign exchange and financial markets will also all be overhauled, the Chinese premier said.
"China will continue to move along the path of restructuring with great determination,'' he said.
He added that China did not intend to compete with other countries
for supremacy. Regional hostilities must be resolved by political means,
he said.
At last year's meeting in Davos, Japanese Prime Minister Shinzo Abe
raised concerns about a potential clash between China and Japan, drawing
a parallel at the time with the eve of World War I. But those worries
have since eased, with both states seemingly determined to keep a firm
lid on tensions.
SYDNEY, Jan. 16, 2015 -
ASIATODAY.COM - Sydney Festival's opening weekend of events took over
the city in an explosion of exceptional theatre, dance, music, visual
arts, film and more. Over three weeks Sydney Festival brings the
harbour city to life from January 8-26.
Sydney Festival 2015 is comprised of 179 events, 85 of which are
free. With 495 performances across 25 indoor and outdoor venues,Sydney
Festival 2015 features 974 artists from across 30 countries. With 18
world premieres, 11 Australian premieres and 22 Australian exclusives,
summer in our beautiful city is not to be missed.
In Sydney's famous outdoor venue The Domain, three fantastic free
events are set to delight audiences. Sydney Festival 2015 opened with a
special Summer Sounds in The Domain concert with the samba sounds of
South American superstar Seu Jorge kick-starting summer in Brazilian
style. Symphony in The Domain this year has a very special new addition
with ARIA-award winning William Barton performing on didgeridoo
alongside the Sydney Symphony.
Headline artist James Thierree returned to Sydney Festival with Tabac
Rouge, his largest and most extravagant work to date, receiving a five
star review on opening night from the Sydney Morning Herald.
Masquerade, a world premiere and new Australian theatre work by Kate
Mulvany lovingly brings to life the iconic children's book by Kit
Williams. A huge success with opening audiences, this magical tale
enchants everyone aged nine to 90.
The hugely popular Festival Village has returned in 2015 with a
variety of thrilling circus and cabaret shows, activities and almost 40
contemporary music performances. Dublin's famous street artist Maser has
transformed Hyde Park with Higher Ground, an installation and explosion
of colours, shapes and stripes. Inspired by M.C. Escher's
perspective-skewing artworks and reaching over two stories high, the
installation reimagines a world of converging architecture and geometry
on a grand scale.
A highlight of the 2015 program which is yet to come is Tex Perkin's
Far From Folsom. In a world premiere and unforgettable music experience,
Tex Perkins heads behind bars to embody the spirit of Johnny Cash.
Delving into the country music star's dark repertoire, he recreates his
seminal 1968 Folsom Prison shows within the haunting surrounds of
Parramatta Gaol.
- See more at: http://asiatoday.com/pressrelease/sydney-festival-2015-opens-great-reception#sthash.Km4oey3D.dpuf
SYDNEY, Jan. 16, 2015 -
ASIATODAY.COM - Sydney Festival's opening weekend of events took over
the city in an explosion of exceptional theatre, dance, music, visual
arts, film and more. Over three weeks Sydney Festival brings the
harbour city to life from January 8-26.
Sydney Festival 2015 is comprised of 179 events, 85 of which are
free. With 495 performances across 25 indoor and outdoor venues,Sydney
Festival 2015 features 974 artists from across 30 countries. With 18
world premieres, 11 Australian premieres and 22 Australian exclusives,
summer in our beautiful city is not to be missed.
In Sydney's famous outdoor venue The Domain, three fantastic free
events are set to delight audiences. Sydney Festival 2015 opened with a
special Summer Sounds in The Domain concert with the samba sounds of
South American superstar Seu Jorge kick-starting summer in Brazilian
style. Symphony in The Domain this year has a very special new addition
with ARIA-award winning William Barton performing on didgeridoo
alongside the Sydney Symphony.
Headline artist James Thierree returned to Sydney Festival with Tabac
Rouge, his largest and most extravagant work to date, receiving a five
star review on opening night from the Sydney Morning Herald.
Masquerade, a world premiere and new Australian theatre work by Kate
Mulvany lovingly brings to life the iconic children's book by Kit
Williams. A huge success with opening audiences, this magical tale
enchants everyone aged nine to 90.
The hugely popular Festival Village has returned in 2015 with a
variety of thrilling circus and cabaret shows, activities and almost 40
contemporary music performances. Dublin's famous street artist Maser has
transformed Hyde Park with Higher Ground, an installation and explosion
of colours, shapes and stripes. Inspired by M.C. Escher's
perspective-skewing artworks and reaching over two stories high, the
installation reimagines a world of converging architecture and geometry
on a grand scale.
A highlight of the 2015 program which is yet to come is Tex Perkin's
Far From Folsom. In a world premiere and unforgettable music experience,
Tex Perkins heads behind bars to embody the spirit of Johnny Cash.
Delving into the country music star's dark repertoire, he recreates his
seminal 1968 Folsom Prison shows within the haunting surrounds of
Parramatta Gaol.
- See more at: http://asiatoday.com/pressrelease/sydney-festival-2015-opens-great-reception#sthash.Km4oey3D.dpuf
SYDNEY, Jan. 16, 2015 -
ASIATODAY.COM - Sydney Festival's opening weekend of events took over
the city in an explosion of exceptional theatre, dance, music, visual
arts, film and more. Over three weeks Sydney Festival brings the
harbour city to life from January 8-26.
Sydney Festival 2015 is comprised of 179 events, 85 of which are
free. With 495 performances across 25 indoor and outdoor venues,Sydney
Festival 2015 features 974 artists from across 30 countries. With 18
world premieres, 11 Australian premieres and 22 Australian exclusives,
summer in our beautiful city is not to be missed.
In Sydney's famous outdoor venue The Domain, three fantastic free
events are set to delight audiences. Sydney Festival 2015 opened with a
special Summer Sounds in The Domain concert with the samba sounds of
South American superstar Seu Jorge kick-starting summer in Brazilian
style. Symphony in The Domain this year has a very special new addition
with ARIA-award winning William Barton performing on didgeridoo
alongside the Sydney Symphony.
Headline artist James Thierree returned to Sydney Festival with Tabac
Rouge, his largest and most extravagant work to date, receiving a five
star review on opening night from the Sydney Morning Herald.
Masquerade, a world premiere and new Australian theatre work by Kate
Mulvany lovingly brings to life the iconic children's book by Kit
Williams. A huge success with opening audiences, this magical tale
enchants everyone aged nine to 90.
The hugely popular Festival Village has returned in 2015 with a
variety of thrilling circus and cabaret shows, activities and almost 40
contemporary music performances. Dublin's famous street artist Maser has
transformed Hyde Park with Higher Ground, an installation and explosion
of colours, shapes and stripes. Inspired by M.C. Escher's
perspective-skewing artworks and reaching over two stories high, the
installation reimagines a world of converging architecture and geometry
on a grand scale.
A highlight of the 2015 program which is yet to come is Tex Perkin's
Far From Folsom. In a world premiere and unforgettable music experience,
Tex Perkins heads behind bars to embody the spirit of Johnny Cash.
Delving into the country music star's dark repertoire, he recreates his
seminal 1968 Folsom Prison shows within the haunting surrounds of
Parramatta Gaol.
- See more at: http://asiatoday.com/pressrelease/sydney-festival-2015-opens-great-reception#sthash.Km4oey3D.dpuf
Appeal court judges uphold ban on fashion chain selling a sleeveless top bearing the singer’s image without her permission
Pop star Rihanna has prevented Topshop selling T-shirts displaying her picture in a test case reinforcing the ability of celebrities to control their public image.
The court of appeal has ruled that the fashion retailer’s
unauthorised use of the singer’s photograph amounted to “passing off” –
illegally exploiting an unregistered trademark.
The three court of appeal judges – Lords Justices Richards, Kitchin
and Underhill – affirmed there was no English law directly allowing
anyone to restrain reproduction of their name or image. But their judgment
provided further legal grounds for the famous to limit the
circumstances in which commercial advantage can be derived from
exploiting their celebrity status.
The dispute dates back to 2012, when Topshop began selling a £22 sleeveless T-shirt bearing a recognisable image of Rihanna derived from a photograph taken of her during a video shoot for her Talk That Talk album.
The picture was taken by an independent photographer who, as owner of
the copyright in the photograph, licensed the use of the image to
Topshop. Rihanna and two of her corporate licensing companies then
launched legal action alleging that the use of her image for fashion
clothing was not licensed and that people buying the T-shirt would think
she had endorsed it.
The high court found in favour of the Barbadian performer and granted
an injunction prohibiting Topshop from selling the clothes without
informing prospective purchasers that it had not been approved or
authorised.
Topshop’s unsuccessful appeal examined precedents where other
celebrities, such as Michael Douglas and Catherine Zeta-Jones, had tried
to stop pictures of them being published.
Because there are no directly applicable laws, Kitchin said, “a
celebrity seeking to control the use of his or her image must therefore
rely upon some other cause of action such as breach of contract, breach
of confidence, infringement of copyright or, as in this case, passing
off.”
He added that passing off does not “protect a person against the sale
by others of the same goods or even copied goods. What it protects is
goodwill and it prevents one person passing off his goods or services as
those of another.
“No one may, by the use of any word or name, or in any other way,
represent his goods or services as being the goods or services of
another person and so cause that other person injury to his goodwill and
so damage him in his business.
“This allegation did disclose a sustainable case in passing off. In
substance Rihanna alleged that she had suffered damage to the goodwill
in her business as a result of the misrepresentation, implied in all the
circumstances, that she had endorsed the T-shirt.” The law of passing
off, Kitchin explained, had expanded over the years.
Commenting on the implications of the judgment, Mike Gardner, head of
intellectual property at the law firm Wedlake Bell, said: “Rihanna was
forced to rely on the English common-law right of passing off because in
the UK, unlike certain other countries, there is no ‘image rights’ law
to help celebrities to control the commercial use of their image.
“The court of appeal has dismissed Topshop’s appeal against that
earlier high court decision, so the ban remains in place. This ruling,
in what was seen as a finely balanced case, may encourage other
celebrities to make similar claims in the future.
“Retailers will have to be extra careful in how they sell items
bearing celebrity images. They will need to learn lessons from what
happened with Topshop. Anything that is seen as wrongly suggesting an
official tie-up or endorsement by the celebrity could lead to legal
action.”
Georgie Collins, an intellectual property partner at the law firm
Irwin Mitchell, said: “In the UK, there is no free-standing law of
‘image rights’ that allows a person to control the reproduction of their
image, contrasted with the US. Anyone seeking to protect and prevent
the unauthorised use of their image must choose from a variety of
rights, including trademarks, copyright, designs and the developing law
of privacy. The court of appeal has just reinforced this position.”
Leon Glenister, a barrister at Hardwicke Chambers, said: “Until now
celebrities have struggled to protect their image being used by other
organisations. Even now there needs to be an implied endorsement of the
product [for a celebrity’s case to succeed]. Without that, there is no
protection of image.”
Sierra Leone sees biggest fall in Ebola cases but experts warn outbreaks can flare up as quickly as they die down
The Ebola epidemic seems to have reached a turning point, as cases
fall in all three of the worst-hit countries of west Africa, according
to World Health Organisation figures.
Last week there were fewer than 150 cases reported, with Sierra Leone
accounting for most of them – 117 of the total. The previous week it
reported 184 cases and the week before 248. At the peak in December, the
country was reporting 550 cases a week. Liberia’s case numbers have
dropped from a high point of more than 300 a week in August and
September. This week it reported eight, while the total for Guinea was
20.
Dr Christopher Dye, the director of strategy in the office of the WHO
director general, told the BBC News website: “The incidence is pretty
clearly going down in all three countries now.
“Each of the last three weeks has been the most promising we’ve seen so far, the message is reductions in all places.”
Dr David Nabarro, the UN secretary general’s special envoy on Ebola,
and senior coordinator of the response, said the outbreak was
diminishing, while insisting: “I want all to be vigilant.”
Nabarro, who is now at the World Economic Forum in Davos to discuss
funding for fighting the epidemic, told the Guardian the UN was now
looking for $1bn more to add to the $1bn that governments, international
organisations and philanthropists have already donated. That is
$500,000 more than has so far been pledged.
“It will be hard to raise, but the last bit – getting to zero – is the most difficult and is very expensive,” he said.
In an interview in London earlier this week, he said the money would
be needed to ensure a fast and flexible response to any new outbreaks,
using helicopters to access remoter regions and bring in the personnel
needed, as well as carrying out the intensive detective work of tracing
contacts to ensure everybody who is infected is treated and isolated.
But the rhetoric around the epidemic has changed. Last October, the
WHO was warning that the number of new infections was doubling every
four weeks. The Centers for Disease Control in the US estimated that
there could be 1.4m cases by this month.
Now, WHO is talking of new case numbers halving. In Guinea, where
they are dropping fastest, the numbers are halving every 10 days, in
Liberia every 14 days and in Sierra Leone every 19 days. There have been
21,724 reported cases so far and 8,641 officially recorded Ebola
deaths. The true figures are believed to be much higher.
Experts are warning, however, that Ebola outbreaks can flare up again
just as quickly as they die down. In Guinea, the pattern has been a
sequence of rises and falls. Mali has been declared free of the virus,
but, said the WHO: “Surveillance and information sharing will be
increased in the border districts of Guinea-Bissau, Côte d’Ivoire, Mali
and Senegal adjacent to the three intense-transmission countries.”
In the worst affected countries, there are long-awaited moves to
return life to something closer to normality. Schools in Guinea have
begun to reopen after five months’ closure. The decision was sudden,
with staff and parents given just four days’ notice. Both Liberia and
Sierra Leone have also said schools will reopen.
The closures were ordered to avoid mass gatherings where people would
come into physical contact and there was a risk that transmission of
the virus would occur. Public meetings, political rallies and even
football games were also halted and curfews were imposed on roads at
night to prevent people travelling.
In Liberia, where the first signs of a drop in cases were seen, the
government is treating the apparent slowing of the disease with “very
cautious optimism”, said information minister Lewis Brown.
However, he stressed there was no room for complacency and warned
that the slightest lapse in vigilance could yet prove disastrous. “We
are determined that as the cases continue to go down, there is no
recurrence,” he told the Guardian. “We may have got a handle on the
transmission of the virus; we may be in a position to isolate and treat
people quickly. But this is a virus which, given our sociology and
health infrastructure, could spread again very, very quickly. So we have
to make sure that no one has any false sense that the hard work’s done.
“When you add the fact that we share very porous borders with both
Sierra Leone and Guinea, you can understand why, even as our numbers go
down, we remain very cautiously optimistic.”
He added: “We continue to call for a regional approach to ending this scourge; none of us can be safe until all of us are safe.”
The epidemic has continued to take a severe toll of health workers,
who are exposed to the greatest risk by their physical contact with
those who are sick. In total, 828 have been infected across the three
countries and 499 have reportedly died, says the WHO. The numbers
becoming infected in Liberia and Sierra Leone have fallen but they rose
in Guinea in December.
Baroness Amos
Guinea’s president, Alpha Condé, yesterday called on the
International Monetary Fund to provide debt relief to help his
Ebola-stricken country build a health system capable of preventing a
future epidemic.
Condé was meeting Christine Lagarde, the IMF’s managing director and
the World Bank president Jim Kim at the Davos World Economic Forum in an
attempt to reduce payments to Guinea’s creditors.
The country has been one of the three West African countries affected
by the Ebola virus, and Condé said any help provided would be re-cycled
into health.
His call came as Baroness Amos, UN undersecretary for humanitarian
affairs and emergency relief, hit out against the way the international
community responded to the Ebola crisis. Amos said that much more
support was needed, with better co-ordination and a more long-term
approach.
“We should not be having to scramble around to raise money to put in
place to set up the supply chains,” said Amos, who was speaking on a
separate panel to Condé.
She said the three countries currently being dealt with – Guinea,
Sierra Leone and Liberia – were post conflict. “I think we are way too
short-term, we have to be in for the longer term. We have to say as a
global community to say we are going to be with you for the next, 20
years, for example.”
But she highlighted the difficulties in coordinating the various
bodies and said governments businesses and NGOs needed to work together.
“We have agencies with separate and overlapping mandates, we are highly
bureaucratic,” she said.
A
massive 60-foot piece of a water main weighing as much as 3 tons broke
off the condemned Long Island bridge and crashed 50 feet into Boston
Harbor, prompting commuter ferries to take a longer route and city
officials to take extra steps to shore up the crumbling structure before
its demolition begins later this month, the Herald has learned.
“That’s
the reason why we closed the bridge, because it’s structurally
unsound,” Mayor Martin J. Walsh said yesterday. “I knew I did the right
thing the day I (shut it down in October). I would rather take critics
criticizing me for closing the bridge down rather than having a tragedy
happen.”
The mayor closed the 3,050-foot two-lane steel bridge
Oct. 8 after reports it could no longer support vehicles’ weight. The
bridge served as the main link to a now shuttered city-run homeless
shelter.
Boston Public Works Commissioner Michael Dennehy said the
water main crashed into the shipping channel beneath the bridge last
week after its crumbling metal bracket gave way. “It’s corroded beyond
rusting,” he said, adding city officials were notified of the collapse
Jan. 13.
The pipe was hauled to the surface three days later. It
was partially filled with frozen water and weighed roughly 6,000 pounds,
he said.
“The Coast Guard is very concerned about the state of
this bridge,” said Dennehy. “It’s quite a fall. It’s a 12-inch thick
water main. It’s heavy steel.”
Rick Nolan, president of Boston
Harbor Cruises, which operates the MBTA’s commuter ferries, said his
company this week made the “prudent decision” to divert two dozen
ferries daily around Long Island rather than risk going under the
bridge. The detour adds about three to six minutes to each trip.
Nolan
said “we shudder to think” what would have happened if the main landed
on one of his 400-passenger ferries: “It would have crashed through the
aluminum cabins and caused painful injuries, if not death.”
Demolition of the bridge should begin Jan. 31, Dennehy said, adding: “We anticipate that this bridge will be down by April 30.”
Relations between Barack Obama and Binyamin Netanyahu neared a new
low on Thursday as the White House revealed the president would not meet
the Israeli prime minister when he visits Republican leaders of
Congress in March.
Obama administration officials insisted the reason for the apparent
diplomatic snub was “long-standing practice and principle” that US
presidents should not meet foreign leaders during re-election campaigns.
“Accordingly, the president will not be meeting with Prime Minister
Netanyahu because of the proximity to the Israeli election, which is
just two weeks after his planned address to the US Congress,” national
security council spokeswoman Bernadette Meehan said.
But the White House decision arrived as strains with the Israeli
government burst into the open following an invitation from Republican
House speaker John Boehner, who asked Netanyahu to discuss their shared
concerns over Obama’s nuclear talks with Iran before a combined session
of Congress.
“If that’s the purpose of prime minister Netanyahu’s visit two weeks
before his own election, right in the midst of our negotiations, I just
don’t think it’s appropriate and helpful,” said Nancy Pelosi, the
Democratic House minority leader.
The brewing standoff also stood in stark contrast to a White House
visit by British prime minister David Cameron, who is also running for
re-election but appeared alongside Obama last week as they both warned of the dangers should Congress pass new sanctions authorisation that they insist could derail the Iran talks.
The UK elections on 7 May are eight weeks further afield than the
Israeli elections, and Cameron also visited Washington two month earlier
than Netanyahu’s planned trip. But the British prime minister’s
official state visit to Washington was still widely interpreted as a
boost to his electoral prospects back home.
Cameron also admitted to calling senators directly during his stay,
urging them not to vote for proposed legislation that would authorise
fresh economic sanctions on Iran if nuclear talks fail but the White
House argues will cause them to fail and risk war instead.
Such open lobbying of Congress by foreign leaders over pending
legislation is frowned upon in Washington. But Cameron’s talks may have
helped spur Republicans to finalise the Netanyahu invitation in order to
make quite the opposite argument – that a stiffer response to Iran’s
threatened nuclear weapons potential is necessary as diplomatic
deterrence.
The Israeli prime minister is also not the only foreign ally to have sided with Republicans over foreign policy in recent days.
Former British leader Tony Blair recently spoke to a Republican leadership retreat in Pennsylvania, urging a stronger western response to the rise of Islamic extremism.
But a pending vote in the Senate over authorising future sanctions
against Iran poses a much more significant risk for the White House,
particularly since a number of hawkish Democrats are also behind the
legislation.
Boehner said his invitation to speak before Congress had been sent
“on behalf of the bipartisan leadership of the US House of
Representatives and the US Senate”. Netanyahu is expected to discuss
both the threat from Iran and Islamic extremism.
Robert Iger, CEO of Walt Disney (DIS), scored a 35% raise in 2014
pushing his total pay to $46.5 million, according to the company’s
regulatory filing Friday.
Already one of the CEOs with the highest pay packages in 2013, Iger will undoubtedly find himself on the top of Corporate America’s pay scale again.
Iger’s pay breaks down as follows:
Salary: $2,500,000
Stock awards: $8,943,204
Option awards: $8,339,396
Non-equity incentive plan: $22,810,000
Change in pension value: $2,795,268
Other compensation: $1,109,150
Total: $46,497,018
Source: Disney
Well-timed and daring investments made by Iger and his team continue
to pay off huge. Shares of Disney skyrocketed 23% in 2014 and earnings
continue to climb.
Google and Fidelity are investing $1 billion in Elon Musk’s Space
Exploration Technologies, and will own just shy of 10% of the company.
These investors join other investors Founders Fund, Draper Fisher Jurvetson, Valor Equity and Capricon, says SpaceX.
The investment was widely anticipated as news broke of the talks over the holiday weekend. But SpaceX confirmed it just now.
Google has long expressed interested in finding more ways to use
aeronautics to allow the Internet to extend more broadly around the
globe. Google’s business model – mining personal data that can be sold
to advertisers – hinges on widespread availability of the Internet.
Saudi Arabia's King Abdullah bin Abdulaziz has passed away, aged 90. The
monarch died late last night January 22nd (Nigerian time) in his home.
His death was announced in a statement broadcast on Saudi
state TV.
"His Highness Salman bin Abdulaziz Al Saud and all members
of the family and the nation mourn the Custodian of the Two Holy Mosques
King Abdullah bin Abdulaziz, who passed away at exactly 1am this
morning (Friday - Saudi time)," the statement said.
Abdullah became king in 2005 after the death of his half-brother King
Fahd. The late king's brother, Salman, 79, has been announced as the new
ruler of the kingdom.
David Callaway and Donna Leinwand Leger
6:35 p.m. EST January 22, 2015
DAVOS,
Switzerland -- Gather a couple thousand of the world's richest people
in a small, frozen town for a week and you get more than parties and
seminars. Davos is replete with emerging countries aggressively
promoting themselves as good places to do business.
Walk along the
main promenade that winds through the center of town toward the main
conference center, where the World Economic Forum''s annual meeting is
in session, and you'll see advertisements for India, Malaysia, Egypt,
South Africa, Azerbaijan and others. Colorful billboards extol each
country's business virtues.
"Make it in India," say the signs on
the temporary India center in town and on the buses that drive up and
down the promenade, delivering WEF attendees to their seminars. A
massive promotional banner for Egypt hangs from the top of the Hotel
Belvedere in the middle of town. A banner lauding South Africa's
"Inspiring New Ways" occupies an entire side of the city's art museum.
The
pitches don't stop with billboards. Many countries host elaborate
parties and dinners, such as "A Taste of Italy" or "Japan Night," where
delegates can sample the national fare and, of course, partake of an
open bar.
Businesses, too, want a crack at the elite clientele who
trek along the icy streets from their far-flung hotels to the Congress
Center, which hosts the forum's 2,500 guests.
Steps from the
entrance where CEOs queue up for a security check in below-freezing
temperatures, a man in a rustic shack ladles out steaming cups of hot
cocoa while touting the virtues of Renault-Nissan's electric car.
"How
about a bacon sandwich," shouts a cheery Brit outside Davos
headquarters of Aberdeen Asset Management, one of the premier Scottish
fund managers, specializing in emerging markets.
This prime corner
real estate on Davos' main promenade "51 weeks a year is a crystal shop
selling healing crystals," says Aberdeen spokesman James Thorneley.
Aberdeen rented the shop from the owner for a week, stripped it down and
redecorated it in cool gray accented with stags, the company's logo,
painted an eye-popping fuchsia to transform the shop into a hip coffee
cafe by day and a sleek cocktail lounge at night.
Aberdeen
pulled out all the stops to entice the delegates, who include heads of
state, CEOs and media giants, to stop by its pop-up cafe. The company
even imported a top mixologist from a London restaurant to create drinks
with scotch at the bar. Just to be sure the Davos delegates don't
overlook the spot in the hustle and bustle, Aberdeen has a bagpiper
playing outside the cafe for several hours a day.
"It's an amazing place to meet our clients," Thorneley said. And Davos residents are welcome to stop by, too.
The company, founded 30 years ago with $100 million, now has assets topping $550 billion, Thorneley said.
"We
are a big player and we need to be seen as a big player. The World
Economic Forum is the place to be," he said. "It raises our global
profile."