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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Pre-Marketing: Deal leakage

Category : Business, Stocks

The dark art of deal leaks. Also: CEO-to-worker pay ratios skyrocket.

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Marseille’s cultural moment

Category : Business

As European Capital of Culture, Marseille is shaking off its seedy image, says Vanessa Thorpe, with a year of extraordinary arts events and a series of breathtaking architectural projects

Some places you put off visiting because you know your expectations are too high. Marseille, the salt-baked harbour at the bottom of France, has been like that for me: a city of shady deals, mapped in maritime adventure stories and tough detective fiction. It

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Saint Louis Art Fair Signs With Festival Transaction Services

Category : World News

Cultural Festivals, a Leading Art Fair Producer, Opts for FTS Vendor Booth Sales Service

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Verimatrix to Secure Com Hem Advanced Multi-Screen Services With Hybrid VCAS(TM) Security

Category : World News

Verimatrix Multi-Network Solutions and TiVo’s Advanced Television Solutions Create State-of-the-Art User Experience

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Verimatrix to Secure Com Hem Advanced Multi-Screen Services With Hybrid VCAS(TM) Security

Category : World News

Verimatrix Multi-Network Solutions and TiVo’s Advanced Television Solutions Create State-of-the-Art User Experience

See the original post here: Verimatrix to Secure Com Hem Advanced Multi-Screen Services With Hybrid VCAS(TM) Security

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McLaren Formula One engineers set to cash in on winning formula

Category : Business

F1 manufacturer McLaren is applying its world-class expertise to new markets – and not just racing cars

Secretive billionaires, princes and superstars might supply the Formula One circuit with its brash glamour and pageantry but when the season returns with a roar in March, two of the cars tearing round Melbourne’s Albert Park will have been constructed in a sleepy corner of Surrey.

The McLaren Technology Centre (MTC) in Woking, exemplifies the quieter fortune being made by the UK motor sport industry: the Norman Foster-designed building is the centrepiece of a sector worth around £6bn to the UK economy. Eight of the dozen F1 teams who competed in last year’s championship are based in the UK, and McLaren, which came third in the constructor’s league, is one of its most successful participants.

At McLaren’s headquarters, the relentless pressure of the F1 calendar is distilled to a zen-like focus. Long white corridors and glass lifts take visitors to an indoor boulevard: historic McLaren vehicles are lined up on one side, and an artificial lake can be glimpsed through a glass wall on the other.

Ron Dennis, executive chairman of the group, which is majority owned by Bahrain’s sovereign wealth fund, describes the atmosphere as “a reassuring hush”. The new racing car is being built behind frosted glass at one end of the boulevard. But McLaren is looking beyond motor sport: last year it opened a production centre next door, where it builds the 12C and 12C Spider sports cars – offshoots of decades of competing in the upper echelons of F1.

Production of the £200,000 12C model is overseen by Mike Flewitt, who managed production of 8,500 vehicles a day when he was vice-president of manufacturing at Ford of Europe. McLaren produced a total of 1,552 cars in the whole of last year. “We are a road car company that has developed from a race car company,” he says. “This is McLaren standards applied to state-of-the-art vehicle manufacture.”

At Ford, Flewitt operated to a cycle time – the time taken by a production line task – of 45 seconds. At McLaren it is 45 minutes. There is no conveyor belt, no noise from stamping machines or robots. The only sound is the squeak of tyres as completed models are driven across the white-tiled floor into testing booths.

Flewitt says: “If you have a white floor, it creates an imperative to keep it clean. It looks like this because we want it to be a great working environment. I also believe the aesthetic is vital. This gives you confidence in the quality of the product. It is difficult to give people that confidence if you work in a tatty facility.”

In contrast with mass-market manufacturers, the paint finish is applied manually by specialist staff rather than by robots. I watch Flewitt submit a finished 12C Spider bound for Singapore to a minute inspection. He praises the way the volcano-orange paint has been sprayed on to the contoured vehicle. “Paints have different compositions,” he says. “The sprayer’s art is to understand the model so you get an even finish.” There would be no financial or aesthetic gain from spending millions of pounds on paint-spraying robots, he adds, instinctively flicking away a dust mote. Like their mass-produced counterparts, the majority – eight out of 10 – of McLaren sports cars will be exported. Four dealerships are opening in China this year.

Elsewhere in the building are other examples of McLaren excellence, overseen by its McLaren Applied Technologies (MAT) arm, which supported Team GB in cycling, canoeing, rowing, kayaking and sailing at the 2012 Olympics.

The rationale behind MAT is that McLaren should make more financial gain from its world-class abilities in design, analysis and production. At one end of the boulevard, propped next to an F1 car, is the £25,000 Specialized S-Works Venge bike ridden by Mark Cavendish in the 2011 Tour de France, which McLaren helped design. The director of MAT, Geoff McGrath, says McLaren’s skills in telemetry, or monitoring a car’s performance through accumulated data, are the key. This allows McLaren to simulate how a car, or any product, will perform by building a computer model of it.

McGrath says: “We took a formula that worked very nicely for racing car design, then applied it to road car design, then bike design. We take the knowhow, the skills that we never commercialised, and hundreds of millions of pounds of research, and apply it to new markets.”

The healthcare market is the company’s next target, he adds.

The British automotive industry has delivered a strong performance in the post-crunch doldrums. But although Nissan added a further 280 jobs at its plant in Sunderland last month, carmakers are unlikely to open new sites here; what is more probable is that they will follow the example of home-grown Jaguar Land Rover, which recently started work on a factory in China. Instead, the hope is that suppliers – the makers of nuts, bolts and components – can spur domestic growth. There is an estimated £3bn worth of unsatisfied demand for UK-made components.

Flewitt says about 50% of the McLaren sports car’s suppliers are UK-based. But the key, state-of-the-art component, its carbon-fibre chassis, is made in Austria. Flewitt believes that could change – McLaren has already done much of the hard work by designing the kit.

“It is a technology where we in the UK can be very competitive,” he says, adding that the government can help by bringing in production partners and wooing potential customers.

Nick Henry of consultancy ICF GHK says Britain’s F1 industry has dominated the sport for more than 30 years despite attempts to develop rival hubs in Bahrain, Malaysia and South Africa: “The history of F1 is continued UK success in the face of globalisation, which is chipping away at it but feeding its growth at the same time. These are flexible small and medium-sized businesses doing high-quality engineering. There has been churn in [team] ownership but behind it this core of British engineering creates products the world pays for.”

Amid the clamour over the need to rebalance Britain’s struggling economy, the long-term success of the country’s motor sport industry offers a quiet lesson in how it can be done.

Fairmont Peace Hotel Invites Guests to "Stay in Style"

Category : World News

Luxury Shanghai Hotel Boasts Art Deco Style and Modern Amenities

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Art for Impact’s Ou(x)po Explores the Creative Possibilities of Constraint – and Raises Funds for a Great Cause

Category : Stocks, World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 1, 2012) – If you have ever marvelled or wondered at how art can be creative within constraints, then you will want to attend Art for Impact’s next show, Ou(x)po, on December 8 at 7:30 at the Russian Hall in Vancouver, to explore the creativity possible in art.

Ou(x)po is a night of exploring the creative possibilities of constraint, with nearly fifty diverse and volunteer artists and with all proceeds going to support Instruments of Change, an organization that engages in innovative musical programming, including the Women Rock! program that operates in the BC women’s prison system.

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When Brian Eno met Ha-Joon Chang

Category : Business

Brian Eno has a new album out. How best to explain it? By hooking up with radical economist Ha-Joon Chang to debate everything from finance to free jazz and dogs in parks. Caspar Llewellyn Smith joins in

It’s a very Brian Eno notion: rather than submit to a normal interview, the 64-year-old polymath wants to talk about his new album through a conversation with the economist Ha-Joon Chang. Inevitably, the discussion, which takes place in Eno’s office in Notting Hill, London, barely touches on the record, Lux; instead, it ranges over another of his new creations (an app called Scape), the value of art, and why numbers are like sausages. We also cover the real reason why rightwing Americans won’t admit that the war in Iraq was a mistake.

Eno met Chang through an editor at the latter’s publisher. The 49-year old economist is something of a star in that increasingly starry calling, ever since the publication of his 23 Things They Don’t Tell You About Capitalism – a book described by the Guardian as “a

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AXA ART to Be Honored With Americans for the Arts Prestigious 2012 Corporate Citizenship in the Arts Award

Category : World News

NEW YORK, NEW YORK–(Marketwire – Oct. 15, 2012) - AXA ART, the only international art insurance specialist, has been named the 2012 Corporate Citizenship in the Arts honoree by Americans for the Arts. Each year the nation’s leading non-profit organization for advancing the arts and arts education recognizes and celebrates the achievements of individuals and corporations who have demonstrated outstanding leadership and support of the visual and performing arts, arts education and philanthropy.

Continue reading here: AXA ART to Be Honored With Americans for the Arts Prestigious 2012 Corporate Citizenship in the Arts Award

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