WEALTH BARONS

London's secret music venue and their livestream act

2012-08-13T16:24:00.001-07:00

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.

2012-08-13T02:06:00.001-07:00

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.

Jessica Harper admits £2.4m Lloyds Bank fraud

2012-08-07T06:51:00.001-07:00

A former Lloyds Bank worker in charge of online security has admitted carrying out a fraud worth more than £2.4m. Jessica Harper, 50, had been accused of submitting false invoices to claim payments between 2007 and 2011. At the time she was working as head of fraud and security for digital banking and made false claims totalling £2,463,750. Harper, of South Croydon, south London, will be sentenced on 21 September. At Southwark Crown Court, Harper admitted a single charge of fraud by abuse of position by submitting false invoices to claim payments. 'A very simple fraud' She also admitted a single charge of transferring criminal property, the money, which she had defrauded from her employers. Harper was arrested on 21 December before being charged in May. Continue reading the main story “ Start Quote Jessica Harper has today been convicted of the type of crime the bank employed her to combat” Sue Patten Crown Prosecution Service Antony Swift, prosecuting, did not open the facts of the case but said it was a "a very simple fraud". He added Harper had already repaid £300,000 and was in the process of selling her house for about £700,000. "That will be some £1m out of £2.5m that's gone missing," he told the judge. Carol Hawley, defending, said: "She appreciates the seriousness and has made full admissions in interview. "She understands perfectly well on the next occasion she will be facing imprisonment of some length." Breach of trust Judge Nicholas Loraine-Smith granted Harper bail on the condition she stays at her current address, obeys a 21:00 to 07:00 curfew and hands in her passport. Sue Patten, head of the Crown Prosecution Service, Central Fraud Division, said: "Jessica Harper has today been convicted of the type of crime the bank employed her to combat. "The evidence in the case was clear and left Harper with little choice but to plead guilty. "In doing so, she has admitted to a huge breach of trust against her former employer." Lloyds is now 39.7% state-owned after being bailed out by the government during the financial crisis.

Shares in Standard Chartered dive after Iran allegations

2012-08-07T02:06:00.001-07:00

Shares in Standard Chartered PLC dropped sharply today as investors reacted to US charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as “boring.” Shares were down nearly 20 percent at 1,187 pence at one point in early trading Tuesday on the London Stock Exchange. In Hong Kong, they were down 16.6 percent near the end of the session. New York State Department of Financial Services alleged on Monday that Standard Chartered schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States' financial system “vulnerable to terrorists.” Standard Chartered said it “strongly rejects” the allegations. In a statement, the bank said “well over 99.9 percent” of the questioned transactions with Iran complied with all regulations, and the exceptions amounted to $14 million. The New York regulator ordered Standard Chartered representatives to appear in New York City on Aug. 15 “to explain these apparent violations of law” and to demonstrate why its license to operate in the State of New York “should not be revoked.” Gary Greenwood, analyst at Shore Capital in London, said the possible revocation of the New York license was of far greater concern than any potential fine, which could run into hundreds of millions of dollars. Standard Chartered's US operation facilitates trade for customers that have operations in both the United States and emerging markets. “Indeed, this is an area of the business that has been highlighted by management for growth,” Greenwood said. “A loss of its US banking license would not only jeopardize part of this profit stream, but the associated reputational damage could also have a severely damaging impact to its operations within emerging markets.” The New York agency alleged that Standard Chartered conspired with Iranian clients to route nearly 60,000 different US dollar payments through Standard Chartered's New York branch “after first stripping information from wire transfer messages used to identify sanctioned countries, individuals and entities.” The New York regulators called the bank a rogue institution and quoted one of its executives as saying: “You (expletive) Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians.” The order also identifies an October 2006 “panicked message” from a London group executive director who worried the transactions could lead to “very serious or even catastrophic reputational damage to the group.” If proven, the scheme would violate state money-laundering laws. The order also accuses the bank of falsifying business records, obstructing governmental administration, failing to report misconduct to the state quickly, evading federal sanctions and other illegal acts. Between 2004 and 2007, about half the period covered by the order, the department claims Standard Chartered hid from and lied about its Iranian transactions to the Federal Reserve Bank of New York. Before 2008, banks were allowed to transact some business with Iran, but only with full reporting and disclosure, the order states. In 2008, the US Treasury Department stopped those transactions because it suspected they helped pay for Iran to develop nuclear weapons and finance terrorist groups including Hamas and Hezbollah. The order states the bank has to provide information and answer questions to determine if any of the funding aided the groups or Iran's nuclear program. Last week, Standard Chartered' chief executive, Peter Sands, boasted that the bank has racked up a 10-year string of record first-half profits “amidst all the turbulence in the global economy and the apparently never-ending turmoil in the world of banking.” “It may seem boring in contrast to what is going on elsewhere, but we see some virtue in being boring,” Sands added.

Brad Pitt is reportedly utilising his free time to plan his wedding with Angelina Jolie.

2012-08-05T02:39:00.001-07:00

The 48-year-old has taken charge of preparations for the wedding that is expected to take place end of September. He has flown in a team of builders to renovate the home he shares with Jolie in southern France.

"Angelina isn`t so bothered about when they tie the knot, it`s Brad who is piling on the pressure," a website has quoted a source as saying.

"He wants the main house to be finished when the event takes place, even though the close friends and relatives who are invited aren`t the types to care. He wants everything to be absolutely perfect," the source added.

yellow jacket stun gun case for iphone

2012-08-04T03:55:00.001-07:00

yellow jacket is a case that transforms the iPhone 4 & 4S into that 650,000-volt stun gun you've always needed.

scheduled to hit the US market in fall 2012 the case is advertised as being able to
easily stop an aggressive male attacker, and ready for use in less than two seconds.
its designer seth froom, a former military policeman came up with the product after
being robbed in his home at gunpoint.

what is the demand for such a hostile product you might ask? well, yellow jacket
has managed to receive over 100,000 USD worth of backing on the crowd-funding
website indiegogo which means that there must be quite a few people out there
who feel the need to transform their phone into a weapon.

detail of the stun gun nodes

the iPhone's designers could never have conceived half of the the weird and wonderful accessories
that have been designed for use with the iPhone since its launch, but even in the name of self defense
a stun gun seems a bit much, doesn't it?

HANGING OUT WITH FRIENDS TODAY

2012-07-18T10:33:00.001-07:00

Grabbing a cup of coffee

Dining out at your favourite restaurant

Spending some time at the museum

Meeting at a popular fast food centre

Relaxing at the beach

Going to a game

Going out on a date

Taking a drive around town

I am thankful I belong to another generation !!!!

“It’s become appallingly clear that our Technology has surpassed our Humanity” -- Albert Einstein

Tattoos are permanent reminders of temporary feelings

2012-07-13T06:46:00.001-07:00

'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

2012-07-13T04:21:00.001-07:00

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?

The best insights in my report didn’t emerge in my office, during conference calls, or at meetings. They somehow appeared in the bathroom.

2012-07-11T17:33:00.001-07:00

Not too long ago, as I was putting the final touches on a client presentation, I stumbled across a surprising observation. The best insights in my report didn’t emerge in my office, during conference calls, or at meetings. They somehow appeared in the bathroom.

Research on the nature of creativity suggests my experience isn’t all that unique. Often, the most effective way of solving a difficult problem is simply walking away. The moment we allow ourselves to disengage from the individual pieces of a puzzle is the moment a solution appears. It’s why Albert Einstein regularly went sailing and why Charles Darwin planned his day around a countryside stroll. Thomas Edison simply napped.

In many ways, problem solvers are like artists. Taking a few steps back provides painters with a fresh perspective on their subject, lending them a new angle for approaching their work. Problem solving follows a similar recipe, but it’s not always the physical distance that we need. It’s psychological distance; mental space for new insights to bloom.

In a world where finding solutions makes up the crux of a typical workday, we are all artists. Cognitive artists. And to deliver our best work, we need revitalizing breaks. Distancing ourselves from our work grants us a broader view, activating a global perspective that precedes breakthrough.

So, why the bathroom?

If you’re like most office employees, access to sailboats, the countryside and a relaxing couch is in short supply. A walk to the bathroom is one of the few opportunities you have for disengaging, letting go of trivial details and refocusing on the bigger picture--even Steve Jobs recognized the bathroom's potential, insisting that Pixar only build two in its studios, to provide employees with maximum enforced mixing. Neurologically, it is during these moments away from your desk the right hemisphere of your brain comes to life, making you more appreciative of the forest and less sensitive to the trees.

While most of us give little thought to our workplace bathroom, there’s good reason to believe it can have an impact on the quality of the work we produce -- especially in organizations that rely on creativity and problem solving to stand out. Over the past decade, studies have shown that both our thoughts and behaviors are heavily influenced by our surroundings, in ways we often fail to recognize.

A few examples:

The sound of classical music makes consumers spend more money
The smell of cookies makes shoppers more likely to help a stranger
The sight of red hurts intellectual performance but improves physical performance

Psychological findings like these are now commonplace, pointing to one irrefutable fact: Our environment shapes our thinking in powerful ways.

Which brings up some intriguing questions: How can we make the most of our time away from our desks? Is there a way of designing bathrooms to make them more inspiring? And what can organizations do to maximize the insights its employees get out of each bathroom visit?

Recent research on the science of creativity provides some helpful suggestions.

Rethink Muzak

One of the ways we become more creative is by exposing our minds to a broad variety of stimuli. The wider the selection of information you mentally digest--whether it be foreign movies, experimental novels or exotic travel--the more remote associations you’ll have in your arsenal. Or, in laymen’s terms, the more creative you’ll be.

Hearing unusual music primes us to think different--inspiring ideas, emotions and experiences that increase the associations active in our brain.

Surprise The Senses

Another creativity nugget: We tend to find more insightful solutions to a problem when we're in a good mood. One method experimentally proven for improving people’s moods is enjoyable scents. Positive scents don’t just make us feel better--they lead us to set higher goals for ourselves and experience a greater sense of self-efficacy.

Now, if you’re like most people, the restroom isn’t the first place that comes to mind when you think of positive scents, and partly that’s because of how hard custodians work to mask negative smells, leaving most bathrooms feeling like an assault on the senses. But in our case, that’s a good thing. It means the bar for surprising people with positive scents is that much more accessible. A few opportunities for enhancing the scent of a workplace bathroom: unusual soaps, exotic candles, and the hallway outside a bathroom, boosting people’s mood before and after a visit.

Encourage Mental Stimulation

Part of what makes bathroom visits a boon to creativity is that they represent one of the few times during the workday when our physiological attention is directed inward, mimicking the psychological experience of insight. But it’s not just inward attention that’s needed--it’s inward attention in the context of fresh ideas.

Think about the last time you saw graffiti in the bathroom. Chances are, not only did you read it, you probably thought about the person who wrote it, perhaps wondering what (the hell) was going through their mind. We can’t help but think about the things we see, but we can choose what we look at. Providing a diet of mentally stimulating material in workplace bathrooms can be done in a number of ways: posting unusual artwork, leaving out thought provoking magazines or using digital picture frames to keep the imagery fresh. The key is for the material to be stimulating and indirectly related to work you do.

Once upon a time, going to the bathroom was a distraction. Something that kept us from work; an unfortunate bodily shortcoming that compromised efficiency. But that world doesn’t exist anymore. Today, our economy is powered by an engine of insight. Creativity in the workplace isn’t a “nice to have”—it’s what keeps companies in business. Which is why it’s ironic that most office bathrooms offer a bleak and unwelcoming environment. One that discourages insight and implicitly chides us to get back to our desks.

There’s just one problem. Creativity doesn’t work that way.

And if the science has taught us anything about the creative process it’s this: Finding unexpected solutions often requires an unexpected approach. Why not start in the bathroom?

Mobile operator O2 hit by nationwide network failure that left users unable to make calls or text

2012-07-11T16:58:00.001-07:00

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.’

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.

2012-07-09T02:03:00.001-07:00

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 her

Her 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 2010

Famously 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 Perth

Just 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.

Bankers face the prospect of jail as Serious Fraud Office launches criminal probe into interest-rate fixing at Barclays

2012-07-06T08:33:00.001-07:00

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.

Barclays boss Bob Diamond resigns

2012-07-03T00:16:00.001-07:00

Barclays chief executive Bob Diamond has resigned with immediate effect. The move comes less than a week after the bank was fined a record amount for trying to manipulate inter-bank lending rates. Mr Diamond said he was stepping down because the external pressure on the bank risked "damaging the franchise". Chairman Marcus Agius, who said on Monday he was stepping down, will take over the running of Barclays until a replacement is found. "I am deeply disappointed that the impression created by the events announced last week about what Barclays and its people stand for could not be further from the truth," Mr Diamond said in a statement. He will still appear before MPs on the Treasury Committee to answer questions about the Libor affair on Wednesday. "I look forward to fulfilling my obligation to contribute to the Treasury Committee's enquiries related to the settlements that Barclays announced last week without my leadership in question," Mr Diamond said. Last week, regulators in the US and UK fined Barclays £290m ($450m) for attempting to rig Libor and Euribor, the interest rates at which banks lend to each other, which underpin trillions of pounds worth of financial transactions. Staff did this over a number of years, trying to raise them for profit and then, during the financial crisis, lowering them to hide the level to which Barclays was under financial stress. Prime Minister David Cameron has described the rigging of Libor rates as "a scandal". The Serious Fraud Office is also considering whether to bring criminal charges.

EURO 2012 POSTERS BY DAVID WATSON

2012-06-27T17:43:00.001-07:00

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.

Husband sues wife for share of her $1 million designer shoe collection

2012-06-26T06:27:00.001-07:00

Daniel Shak claims his wife, Beth Shak, failed to declare her $1 million designer shoe collection when they divorced, and now he wants his share.

Photo: Barcroft Media

Christian Louboutin is about to hear his name in court yet again, but this time he needn't worry about losing any trademark battles .

A wealthy hedge fund manager from New York is suing his ex-wife for 35 per cent of the value of her extensive shoe collection, which is estimated to be worth a huge $1 million (£640,000) and consists mainly of red-soled Louboutin styles.

The New York Post reports that Daniel Shak believes his former wife, Beth Shak, neglected to reveal her 1,200 pairs of designer shoes when they divorced in 2009. Mr Shak is convinced that his ex - with whom he shared a plush Fifth Avenue apartment - hid her collection in a "secret room", and that its value may entitle him to hundreds of thousands of dollars more in their divorce settlement.

READ: Christian Louboutin retrospective breaks records

Mrs Shak, a wealthy woman in her own right owing to her career as a professional world-series poker player, says she's baffled by her husband's claims: "I'm shaking my head over this whole thing. He is saying he didn't know the closet in our master bedroom existed."

Last year, Beth spoke to WWD about her ever-growing footwear collection, revealing that approximately 700 of her 1,200 pairs of shoes were by Christian Louboutin.

"He has an eye for design and he knows what a woman wants," she said. Her most expensive pair? "Alligator pumps by Christian Louboutin. They were upwards of $4,000."

Now, if only we could find the "secret room" of shoes in our house…

American street artist Frank Shepard Fairey works on his latest piece, Envision, above a shop in Turnpike Lane

2012-06-23T06:47:00.001-07:00

.Photograph: Teri Pengilley

The natural territory of the street artist Shepard Fairey would seem to be as all-American as it gets. Emerging from the country's skateboarding scene he achieved global prominence with his much copied, much parodied Hope poster displaying a stylised Barack Obama in shades of blue and red.

He spent much of Friday assembling his latest street mural in a seemingly less likely locale – a suburban street in Turnpike Lane, one of north London's more economically mixed neighbourhoods.

Hoisted aloft by a rented cherry picker, the 42-year-old artist used stencils and paint to create Envision, an image of a giant, stylised eyeball design, set in the frame of a disused Victorian placard site on the wall of a local shop.

The unlikely public commission, carried out with any charge by the artist, was the almost accidental result of a wider community regeneration programme carried out by the local council, Haringey, and the green travel charity Sustrans.

In getting together to decide options for more pedestrian-friendly street layouts, locals pondered what to do with the crumbling and slightly tatty shop wall, and decided the existing frame left by the long-disappeared Victorian placard would be best filled by a mural.

James Straffon, a local who helped organise the project, went to a London art gallery specialising in graffiti artists to seek help.

He said: "The woman from the gallery asked: 'Ideally, who would you like?' I said: 'I know it would never happen, but Shepard Fairy.' She said: 'Shall I get in touch with him, then?' I stuck my neck out and said yes and sent them a diagram with the sizes, thinking nothing would happen. Literally a week later they said, he's interested and he's coming over."

Straffon says he remains unsure why such a celebrated artist would be interested in a relatively out-of-the-way location. He said: "I think what sold it was that it's an old Victorian billboard. I think they like the fact it's the old London thing."

Before Fairey arrived, Straffon and some neighbours spent a day preparing the wall, painting it in a specified shade of red for a background to the stencilled design.

The US artist and his team spent several hours in decidedly mixed weather putting the design in place. Straffon said: "He's come from west coast America to dreary, sodden London. He must be thinking: 'Great, I've got to do this.' It's quite windy, too."

Another oddity is that this is Turnpike Lane's second work by a globally-known street artist in a matter of months. Last month, a mural believed to be by Banksy, a rough UK equivalent to Fairey, appeared on the wall of the area's local Poundland shop, showing a child sweatshop worker sewing jubilee bunting.

George Washington's copy of US constitution sells for $9.8m

2012-06-23T03:46:00.001-07:00

Portrait of George Washington, whose personal copy of the US Constitution and Bill of Rights fetched $9.8m at auction. Photograph: Stock Montage/Getty Images

George Washington's personal copy of the US constitution and bill of rights sold for $9.8m (£6.3m) at auction on Friday, setting a record for any American book or historic document.

Bidders at Christie's New York salesroom and others on the telephone competed for the first US president's signed, gold-embossed volume dating to 1789, which had a pre-sale estimate of up to $3m.

The non-profit Mount Vernon Ladies Association of the Union, which maintains the historic Mount Vernon estate in Virginia that was Washington's home and is now open to the public, was the successful bidder.

"The unique book had been in the Mount Vernon library until 1876, and will soon be returned to that library," said Chris Coover, senior specialist of books and manuscripts at Christie's.

The bound volume was Washington's personal copy of the Acts of Congress and is noteworthy for his bold signature marking it as his own.

The Acts of Congress include the Constitution, whose preamble promises to "secure the blessings of liberty to ourselves and our posterity," and the Bill of Rights, the first 10 amendments to the constitution, which establish such fundamental liberties as the right to free speech, press, assembly and religion.

Christie's described the book as being in near-pristine condition after 223 years. It was specially printed for Washington in 1789, his first year in office as president.

The margins include Washington's handwritten brackets and notations highlighting key passages concerning the president's responsibilities.

The Acts of Congress volume was sold from Washington's library at Mt Vernon in 1876 and eventually bought at auction by collector Richard Dietrich in the 1960s. It was being sold by the family's estate.

Similar volumes created for Thomas Jefferson, the first secretary of state and third US president, and attorney general John Jay, are in Indiana's Lilly Library and a private collection, respectively.

Rare books and manuscripts have achieved impressive prices in recent years.

An autographed manuscript of Lincoln's 1864 election victory speech sold for $3.4m in February 2009, which set a record for an American manuscript at the time. A 1787 letter written from Washington to his nephew on the subject of the ratification of the Constitution fetched $3.2m in December 2009.

ASTON MARTIN ONE-77

2012-06-23T03:02:00.001-07:00

performance@holmesandco-london.com

ASTON MARTIN ONE-77

Car No.40 of 77 Made.

The Client is seeking 1.2 Million Sterling for the Car.

The Cars were originally sold by Aston Martin for 1Million, plus costs.

Equivalent cars are available for 2 Million Sterling – 2.7 Million Dollars.

We are Offering the Car at 1.4 Million, but it should be considerably more.

Our Client wishes for the Sale to be Confidential, and approaching clients will need to provide documents

MALIBU is a 50m motor yacht delivered by the world renowned Amels Shipyard in Holland

2012-06-18T04:15:00.001-07:00

21-5 Million.

BUILDER Amels LOA 50.00m / 164’

YEAR 2001 BEAM 9.00m / 29’1’’

FLAG Cayman Islands DRAFT 3.10m / 10’

NAVAL ARCH Terence Disdale SPEED 12 knots cruising

HULL Steel ACCOM 12 guests

LYING Genoa ENGINES 2 x 1,200hp Cummins

MALIBU is a 50m motor yacht delivered by the world renowned Amels Shipyard in Holland with an original interior design by Terence Disdale and a complete refit in 2006 including new interiors by Reymond Langton. The yacht was built to Lloyds +100 A1 SSC G6 LMC, MCA.

This yacht has to be seen to experience the exceptional level of quality craftsmanship onboard.

MALIBU’S placement of the tenders on the bow leaves every deck clear for enjoying a lifestyle oriented by the sea. Alfresco dining options abound with cocktail tables on the main deck, and dining for 12 offered on both the bridge and sun decks. The sun deck has a built in sun pad and bar. For serious sun bathing, the forward area of the sun deck furnishes privacy, full sun and a sensational Jacuzzi.

MAIN CHARACTERISTICS

Type: Displacement Hull

Builder: Amels Shipyard (Holland)

Hull no.: 437

Naval Architect: Amels Shipyard (Holland)/ Terence Disdale

Interior Designer: Reymond Langton

Construction Year: 2001

Refitted: 2006

Classification: Lloyds +100 A1 55C G6 LMC, MCA

Construction: Welded Steel

Crew: 12

Flag: George Town – Cayman Islands

Engines: 2 x Cummins 1200 hp

Transmission: 2 x Reintjes WAF 541

GRT: 610 tons

DIMENSIONS

LOA 50.00 m / 164’

Beam 9.00 m / 29’7”

Draft 3.10m / 10

SPEED & RANGE UNDER POWER

Maximum Speed (knots) 15 knots

Cruising Speed (knots) 13 knots

Economical Speed (knots) 12 knots

Fuel Consumption 448 litres per hour @ 15 knots 1800 rpm

370 litres per hour @ 13 knots, 1400 rpm

206 litres per hour @ 12 knots, 1400 rpm

Range 2955 nm @ 15 knots

3185 nm @ 13 knots

5016 nm @ 12 knots

CAPACITIES

Accommodation 12 in 1 x Master, 2 x Double, 2 x Twin, 2 x Pullman

Crew 11-12 Crew members in 5 cabins + Captain

Fuel 95,000 litres/25,096 US gallons

Fresh Water 17,400 litres/4,596 US gallons

Lube Oil 2,200 litres/581 US gallons

Dirty Oil 2,000 litres/528 US gallons

Grey/Black Water 5,300 litres/1,400 US gallons

Waste Water 21,400 litres/5,653 US gallons

Jacuzzi 3,200 litres/845 US gallons

ACCOMMODATION

Master Stateroom

On Main Deck the full width owner’s stateroom with en-suite bathroom, private office and salon. It is awash in natural light streaming through floor-to-ceiling windows port and starboard. Enhancing the suite’s contemporary style is the Reymond Langton designed furniture finished in high-gloss macassar ebony.

VIP Cabin

On Lower Deck 2 x VIP double cabins wit en-suite bathrooms accommodate 4 guests. The contemporary theme of the whole interior of the yacht is evident in these staterooms

Guest Staterooms

On Lower Deck 2 x Twin cabins with 2x Pullmans with en-suite shower accommodating up to 6 guests. The contemporary theme of the whole interior of the yacht is evident in these staterooms.

Captain’s Cabin

Captain’s double bedded cabin with shower on the upper deck aft of the wheelhouse.

Crew

The Crew are accommodated in 5 twin cabins with en suite shower rooms on the lower deck forward.

MECHANICAL EQUIPMENT

Engines 2 x Cummins 1200 hp @ 1,600rpm

Engine hours Port: 8,301hrs; Starboard: 8,301hrs (Apr 2012)

Generators & Electricity 2 x 170 Kw Cummins @ 1500 rpm each

1 x 33kw Cummins @ 1500 rpm

Generator hours Port: 17,993 hours; Starboard: 18,326 hours (Apr 2012)

Electricity 380V volt/3-phase/50Hz

Stabilisers 1 x Vosper / Naiad, Zero Speed

Bowthruster 1 x HRP 200-60 Electric @ 140 hp

Air Conditioning 1 x Heinman/Hopman 3 zones +chiller plant

Water Maker 2 x Idromar reverse osmosis

Fuel Centrifuge/Separator 1 x Alfa Laval MAB 103 B-24

Passerelle 1 x Electric Hydraulic AI 50

INTERIOR / GALLEY / LAUNDRY EQUIPMENT

Galley

1 x Lohberger Oven

1 x Lohberger grill

1 x Lohberger deep fryer

1 x Lohberger stove (4 x induction)

1 x foster Refrigerator

1 x foster freezer

1 x Scotsman AC 45 Icemaker

1 x Metro Dishwasher

1 x miele microwave - oven

1 x Lohberger Grill

1 x Foster Walk-ins on tank deck

Crew Quarters/Mess

1 x Panasonic combination oven Microwave

1 x Liebherr pro line Refrigerator

1 x GEC Domestic Dishwasher

3 x Miele Professional WS5425 Washing Machines

3 x Miele Professional T5205C Clothes Dryers

1 x Miele Rotating HM 21-100 Irons

NAVIGATION EQUIPMENT

Magnetic Compass 1 x Cassens & Plath

Gyro Compass 1 x C Plath Mk1

Automatic Pilot 1 x C Plath Navi Pilot V hsc

Echo Sounder 1 x Furuno FCV 582 L

Radar 1 x Decca

Radar 1 x Furuno RCV 013

Transponder 1 x Furuno

DGPS 2 x Litton Marine

Charts 1 x Transas

Navtex 1 x ICS nav 5

AIS GPS 1 x Saab

Log 1 x Seaplath Naviknot III

Wind Instruments 1 x Walker P310

COMMUNICATION EQUIPMENT

SATCOM 1 x Sat TV Seatel

1 x Sat C Thrane & Thrane

1 x Sat Fleet 33

1 x Sat Fleet 77

1 x VSAT Seatel

VHF 2 x Sailor RT 4822

MF/HF 1 x Sailor HC 4500

Landline/Intercom 1 x Panasonic System

Miscellaneous 1 x Wi-Fi

DECK EQUIPMENT

1 x Anchor Windless System Steen

2 x Anchors 19-2-50

2 x Aft Capstans

1 x Marquipt Both, Port and Starboard

ENTERTAINMENT EQUIPMENT

Main Saloon

1 x Surround sound plasma television

2 x Denon DVD player

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

Sky lounge

1 x Surround sound plasma TV

1 x DVD Players

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

Sundeck

1 x CD player

1 x Marrantz amplifier

Master Stateroom

1 x Surround sound 50’’Plasma TV

1 x DVD Players

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

VIP Cabin

2 x 23’’HD

2 x DVD Players

2 x Denon amplifier

2 x Sat decoder

Guest Cabins

2 x 23’’HD

2 x DVD Players

2 x Denon amplifier

2 x Sat decoder

Crew & Captain’s Cabin

1 x 27” Plasma TVs

6 x 20” Plasma TVs

7 x DVD Players

2 x Sat decoders

General

1 x Crestron Multi Media System

1 x X-boxes in the guest suites for the kids on board

1 x LINN Audi throughout yacht

IPod docking stations throughout the yacht

OFFICE EQUIPMENT

PC/Printer: 1 x Asus , 1x Canon

Fax/Copier: 1 x Panasonic

Monitors: 1 x Samsung

TENDERS & WATERSPORTS EQUIPMENT

Tenders

1 x Custom 22ft. Tender with FNM HTLP 250 hp

1 x Novurania 22ft. 660XL Equator with 250 hp Yanmar

1 x Rescue tender Canguro 420 gs

Water Sports

1 x Yamaha Waverunner XL700

1 x Yamaha Jet Ski SL 700A

Snorkel gear & fishing gear, water skis, towable toys

Diving Compressor

1 x BAUER

Crane

1 x 2000 kg Yacht Tec JA01001

1 x 2000 kg Yacht Tec JA00379

SECURITY & SAFETY EQUIPMENT

1 x Panasonic closed circuit television (CCTV) system with

4x Cameras and motion detectors (main deck) + 4 cameras in the engine room

3 x CCTV Monitor screens in wheelhouse, crew mess room and engine room

4 x Door alarms: stern /aft escape, engine room escape, fire escape.

44 x Fire / heat / smoke detectors throughout yacht

2 x Fixed C) 2 Systems locates in Engine room and Galley

28 x Fire extinguishers in all places necessary

COMMENTS

This yacht has to be seen to experience the exceptional level of quality craftsmanship onboard.

11 small.jpg
148K View Share

Superyachts@holmesandco-london.com Feadship – De Vries Design Todhunter Earle Naval Architect

2012-06-18T03:51:00.001-07:00

PRICE: EUR 44,950,000

MAIN CHARACTERISTICS

Type Full Displacement Motor Yacht

Hull 669

Builder Feadship – De Vries Design Todhunter Earle Naval Architect De Voogt

Exterior Design De Voogt

Interior Design Redman Whitely Dixon, Todhunter Earle

Year 2005

Refit 2009

Classification Lloyd´s 100A1 SSC YachtLMC UMS MCA compliant

Construction Steel Hull & Aluminium Superstructure

Crew 14

Flag Cayman Islands Engines 2 x 1,520 Hp CAT GRT 782 tons

Net Tons 234 tons

Displacement 800 tons

DIMENSIONS

LOA 55.50m / 182’1’’ LWL 49.10m/161’1’’ BEAM 10.40m /32’9’’DRAFT 3.23m / 10’4’’

SPEED & RANGE UNDER POWER

Maximum Speed 14.5 knots

Cruising Speed 12.5 knots

Fuel Consumption 520 litres @ 15.5 knots

350 litres @ 13.5 knots

220 litres @ 12.5 knots

Range 4,500 nm @ Eco Speed

3,500 nm @ Max Speed

CAPACITIES

Accommodation 10 x Guests in 5 cabins

Crew 14 x Crew in 6 cabins

3 x Double, 2 x Double with PullmanFuel 99,880 litres / 26,386 US gallons FreshWater 24,160 litres / 6,382 US gallons

ACCOMMODATION

Guests’ Accommodation

1 x Master cabin

166K View Share

Police study Murdoch's 'secret' iPhone account

2012-06-17T23:37:00.001-07:00

Scotland Yard detectives investigating phone hacking at the News of the World are examining the call records of four newly discovered Apple iPhones issued to senior executives at News International. The smartphones, issued by O2 in a contract beginning in October 2009, included a handset given to James Murdoch, the former chairman and chief executive of News Corp Europe. Despite billing for the phones totalling nearly £12,000 between June last year and May this year, neither Operation Weeting nor the Leveson Inquiry was told of the existence of the smartphone accounts. Phone text messages and emails sent and received by News International executives and advisers have provided some of the most controversial evidence heard by Lord Justice Leveson's inquiry into press practices and ethics. It had been assumed that the email and text traffic from key News International executives was centred solely on their company BlackBerry account with Vodafone. In accounts seen by The Independent, issued through 02's corporate customer services at Arlington Business Park in Leeds, Mr Murdoch's iPhone account is listed as "active". Mr Murdoch is said to have told 02 that he specifically wanted a "white iPhone" when the smartphone was issued to him in the summer of 2009. Katie Vanneck-Smith, listed as News International's chief marketing officer, also has an active account. Two other NI executive numbers are described as disconnected. Between June last year – just before The Guardian revealed in July that the mobile phone of murdered schoolgirl Milly Dowler had been hacked into – and the beginning of the Leveson Inquiry in November, the NI iPhone accounts were billed for £9,650. Last night, Labour MP Tom Watson said people would be "shocked" to learn that the smartphones had been issued to key NI executives, while the company's disclosures focused only on the BlackBerry Vodafone accounts. Mr Watson said he hoped that News Corp's Management and Standards Committee, which is responsible for all matters relating to phone hacking, would enforce its own promise of full transparency and appropriate disclosure, by revealing all the data and logs held on the discovered phones to both the police and the Leveson Inquiry. Last night, a spokeswoman for News International, said: "Mr Murdoch fully co-operated with the Leveson Inquiry. It is ridiculous to suggest that James Murdoch keeps or kept a 'secret phone'." Meanwhile sources close to the Leveson Inquiry have denied that Lord Justice Leveson threatened to quit his judicial investigation following comments made in February by Michael Gove. The Education Secretary told a gathering of political journalists that the inquiry into press ethics and practices was creating a "chilling atmosphere" towards press freedom. During Prime Minister's Questions in the Commons the day after Mr Gove's lobby speech, David Cameron appeared to back his cabinet colleague's view. Concern that Mr Gove might be the Prime Minister's advance messenger prompted Lord Justice Leveson to call the Cabinet Secretary, Sir Jeremy Heywood. Whitehall sources say Lord Justice Leveson wanted to learn directly from Mr Cameron whether his inquiry was wasting public money on an ultimately futile exercise or whether his initial remit stood. Although the reassurances from No 10 took two days to arrive, sources claim there was no threat from the judge to resign from his own inquiry.

Prince Philip in hospital

2012-06-04T12:43:00.001-07:00

The Duke of Edinburgh has been taken to hospital with a bladder infection and will miss the rest of the Diamond Jubilee celebrations. Buckingham Palace said Prince Philip, 90, had been taken to the King Edward VII Hospital in London from Windsor Castle as a "precautionary measure". The Queen is still expected to join 12,000 others at the Jubilee concert which is under way at the palace. The prince will remain in hospital under observation for a few days. The prince had appeared to be in good health when he accompanied the Queen on Sunday on the royal barge the Spirit of Chartwell, which formed part of the rain-drenched Jubilee river pageant. He and the Queen stood for most of the 80-minute journey, as they were accompanied by 1,000 boats travelling seven miles down the river to Tower Bridge.

Luka Rocco Magnotta, the 'Canadian Psycho,' arrested in Berlin

2012-06-04T12:35:00.001-07:00

Luka Rocco Magnotta was arrested in Berlin Monday after a four-day international manhunt that spanned three countries. The 29-year-old Canadian wanted over a horrific Montreal ice pick murder and decapitation of a Chinese student that he allegedly filmed and posted to the Internet, was arrested in or near an Internet cafe, Berlin police said. Montreal police confirmed they are aware of the reports that Magnotta was arrested, but said they are still in the process of contacting their Berlin counterparts. The arrest comes after French authorities said they were investigating a tip that Magnotta travelled from Paris to Berlin via bus on the weekend. “Somebody recognized him and (then) all the police recognized him,” Berlin police spokesperson Stefan Redlich told CP24 Monday. Handout (Click to enlarge) Magnotta's alleged victim is Lin Jun, a 33-year-old Concordia University student from Wuhan, Hubei, China. He was last seen on May 24, police said, and reported missing on May 29. Redlich said police were called in by a civilian who spotted Magnotta and he was arrested after police asked for his identification at about 2:00 p.m. local time in Berlin. Reuters is reporting it was an employee of the cafe, Kadir Anlayisli, that recognized Magnotta. The cafe is on Karl Marx Strasse, a busy shopping street filled with Turkish and Lebanese shops and cafes in the Neukoelln district of Berlin. German television quoted the owner of the cafe saying Magnotta was surfing the Internet for about an hour before his arrest. Redlich said Magnotta has been taken into custody without incident and will go in front of a judge Tuesday. Canadian officials are expected to start the extradition process for Magnotta in the near future.

Rush for safe havens as euro fears rise

2012-05-31T00:24:00.001-07:00

US benchmark borrowing costs plunged to levels last seen in 1946 and those for Germany and the UK hit all-time lows as investors took fright at what they see as a disjointed policy response to the debt crisis in Spain and Italy. In a striking sign of the flight to haven assets, German two-year bond yields fell to zero for the first time, below the equivalent rate for Japan, meaning investors are willing to lend to Berlin for no return. US 10-year yields fell as low as 1.62 per cent, a level last reached in March 1946, according to Global Financial Data. German benchmark yields reached 1.26 per cent while Denmark's came close to breaching the 1 per cent level, hitting 1.09 per cent. UK rates fell to 1.64 per cent, the lowest since records for benchmark borrowing costs began in 1703. "They are extreme levels because we are in an extremely perilous situation. People just want to put their money somewhere where they think they will get it back. People may soon be paying Germany or the US to look after their money," said Gary Jenkins, head of Swordfish Research, an independent credit analysis company. The flight to safety came as the situation in Italy and Spain, the eurozone's third- and fourth-largest economies, deteriorated further. Italy held a disappointing debt auction and saw its benchmark borrowing costs rise above 6 per cent for the first time since January. The euro fell 0.8 per cent against the dollar to under $1.24 for the first time in two years. Confusion over how the Spanish government's rescue of Bankia, the stricken lender, will be structured led the premium Madrid pays over Berlin to borrow to hit fresh highs for the euro era at 540 basis points. Analysts said the elevated level meant that clearing houses could soon raise the amount of margin, or collateral, that traders need to post against Spanish debt, a move that led to the escalation of crises in Portugal and Ireland. The European Central Bank has made clear to Spain that it cannot use the bank's liquidity operations as part of a recapitalision of Bankia. However, the central bank said on Wednesday it had not been officially consulted on the plans. Equity markets globally fell on the eurozone fears with bourses in Paris, Frankfurt and London all dropping 2 per cent. But Nick Gartside, international chief investment officer for JPMorgan Asset Management, noted that while US bond yields had halved since April last year the S&P 500 equity market was at the same level. "One of those two markets is mispriced. Core government bonds are an efficient market and they are ahead," he added. Investors said borrowing costs for the US, UK and Germany were likely to continue to fall amid a worsening economic backdrop and the threat of more central bank intervention. Wealth managers have been moving client assets into currency havens in recent weeks, with the Swiss franc and the US dollar among the biggest beneficiaries "Risk aversion, a rapidly slowing global economy and unusually low policy rates will pin these short and intermediate maturity bonds at unprecedented low levels for quite a while," said Mohamed El-Erian, chief executive of Pimco, one of the world's largest bond investors. Mr Gartside said he could easily see German rates going below 1 per cent, following a path that only Japan and Switzerland have taken among major economies, while the US and UK could dip under 1.5 per cent. Markets are increasingly resigned to more turmoil until policy makers take more radical action. The two most popular plans of action for investors are for the ECB to buy Spanish and Italian bonds in unlimited size or for eurozone countries to agree on a fiscal union involving the pooling of debt. "You have to throw everything at it. Spain is just too big for half measures. The next intervention has to be not just massive in size but it has to show a total commitment," said Mr Jenkins. He recommends that the ECB set targets either for the premium Spain and Italy pay to borrow over Germany or for their yields.