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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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McCoy’s crisps recalled by KP Snacks

Category : Business, World News

KP Snacks – the maker of McCoy’s crisps – recalls some multipacks of the snacks after small pieces of plastic were found in packets.

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BMW recalls 720,000 cars worldwide

Category : Business

German carmaker BMW recalls 720,000 cars, mostly in North America, over potential electrical problems that may cause unexpected stalling.

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Taxi maker in recall cash crisis

Category : Business

Manganese Bronze, maker of the London cab, suspends sales of its taxis and recalls 400, warning of “a very detrimental impact” on its cash flows.

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Anish Kapoor’s Orbit tower: the mother of all helter-skelters

Category : Business

Finally, after two years of planning wrangles, Britain’s largest public sculpture towers over the Olympic park

Time-lapse film: constructing Anish Kapoor’s Orbit tower

As planning applications go, it would be fair to say that case #10/90250/FULODA, submitted to the London boroughs of Newham and Waltham Forest planning committees in May 2010, stood out somewhat. In among the loft conversions and Victorian conservatories that mark the staple fare of the weekly planning agenda in this part of east London, this particular file put the sober case for a 115m steel tower in the form of a vast, deconstructed spiral, painted bright red, lit up at night and visible from 10km away. Did the neighbours mind?

By the time it reached the application stage, the creators of the ArcelorMittal Orbit on the Olympic site (or “Boris’s Folly”, as it was generally known on the blog sites) had already invited as many neighbours as possible to comment. The Big Opportunity, a conglomeration of interest groups in the vicinity, with 56 members ranging from the East London Inventors Club to the Ladies’ Wing of the Followers of His [Hindu] Holiness Swaminarayan Mandir, had been consulted. Responses had been invited from interested individuals from the Orbit’s “region”, which stretched as far as Milton Keynes, Brighton, Canterbury and Southampton. From all this reaching out, 118 comments had been received and noted by the time of the full planning application: 39% wrote in favour of a design variously described as “beautiful”, “fragile” and “feminine”. The rest argued in forceful terms that it was “ugly” and “not symmetrical” and objected in no particular order to the fact that it was red, pointless, expensive and an advert for Arcelor Mittal (and quite a cheap one at that).

At an open planning meeting, one of the tower’s creators, the engineer Cecil Balmond, who is responsible for some of the world’s most inspired and innovative structures, recalls how he thought they had lost it. “From the floor, people just seemed to be lining up with complaints, one after the other,” he recalls. “It looked pretty bad at one point. We don’t want this and what is the point of that? But then after a while came the counter-arguments: Britain needs something different and new, we can’t bury our heads in the sand, all that. I just stood back and listened.”

By the time of that public debate, Balmond and his fellow Orbit-creator, the artist Anish Kapoor, had become rather used to explaining their ideas to committees and taking feedback. They had (mostly calmly) addressed the concerns of critics, conservationists, health and safety officers and legacy deliverers one by one. Rather than calling it a tower, they liked to refer to the Orbit as “the tallest sculpture in the UK”. In response to a suggestion that this sculpture had no relevance for London or the Olympics, it was argued that “the Orbit will take on a relevance of its own” after the Games had ended. As detractors had correctly observed, the colour red was chosen “intentionally for it not to blend with its surroundings”. Charged with asymmetry, they argued that it was “meant to look unstable or fluid”. Those who were standing up for the beleaguered bat colonies in the area had little cause for concern either: the low levels of light on the Orbit “would have no discernible effect on the bat assemblage over the Olympic site” or, indeed, on human assemblages in the neighbouring streets.

Last week, in advance of the tower’s opening, I went to talk to Balmond and Kapoor at their respective studios about how they managed to stay sane and see this strange project through. In a way, they are typical Londoners. Balmond was born in Kandy, Sri Lanka, Kapoor in Mumbai, India. They both came to England as students and never left. Balmond has his hi-tech base, all 3D printers and biomorphic structures, on the edge of Hackney, a mile or two from the Olympic park; Kapoor’s studio is a linked complex of factory spaces that stretches all the way down a road in Camberwell, south of the river (as his fame and ambition have spread so has his workshop; it now has the feel of a kind of aerospace lab manned by medieval guildsmen). In each man’s office, scale models of the Orbit have pride of place. And despite what has been a gruelling process, both Kapoor and Balmond retain a sense of boyish excitement – or perhaps simple relief.

Kapoor started out in his teens with ambitions to be an engineer and this project has more than satisfied any remaining vestiges of those dreams: “I hope,” he says, “I always will have a fascination with that archaic, elemental need to feel like an ant in an ant colony. To climb up the pyramids and just feel awe at man-made structures. That was the attraction of this for me.”

For a role model in that enthusiasm, Kapoor needed to look no further than the project’s driving force. Boris Johnson was almost lost for superlatives when announcing that work was starting on his great scarlet tower in 2010: “It would have boggled the minds of the Romans,” the mayor declaimed. “It would have dwarfed the aspirations of Gustave Eiffel, and it will certainly be worthy of the best show on Earth, in the greatest city on Earth.”

That was certainly the idea to begin with. The story goes that Johnson, keen to make his mark on the Olympic site that had become the fiefdom of the Tory peer Lord Coe, bumped into Britain’s richest man, Lakshmi Mittal in the lavatories at the World Economic Forum in Davos in 2009. Grasping his opportunity with both hands, the mayor buttonholed the steel magnate about the possibility of funding a lasting symbol of London 2012, boggling the minds of Romans etc. Mittal himself confirms to me that “Boris might have even taken less time than he says to convince me… sometimes you just hear an idea that resonates with you – this was one of them.” Soon thereafter, Mittal pledged £17m of his fortune to Boris’s priapic fantasy and the mayor sent out a notice inviting the artists and architects of his realm to find a way of spending that money.

“Anish called me up that morning,” Balmond recalls. The pair had long been friends and had collaborated on various projects including Kapoor’s Marsyas, the brilliant crimson horn that filled the Turbine Hall at Tate Modern in 2002. “He said, ‘Have you seen this one?’ I hadn’t. Then he said, ‘Shall we get together and do this? You know, rival the Eiffel Tower and so on?’ And I thought, ‘Well, no one’s going to say no to that.’ So we joined up. And then realised that there wasn’t the money for the Eiffel Tower.”

Kapoor and Balmond sat down with a sketch pad and thought what the reference points might be. As well as Eiffel, they thought of Tatlin’s Tower (the vast constructivist monument conceived for Petrograd in the year of the Russian Revolution, but never built). And they thought, too, of the Tower of Babel, particularly Bruegel’s version of it, an irregular mass of stone and humanity reaching chaotically heavenwards, like some termite’s mound. And then they thought: how can we make a mythical tower new?

“Anish was saying, ‘Well, all towers go up, but what can we do that is different?’” Balmond recalls. He couldn’t imagine to start with. “But then I thought, everything that goes up is concentric, essentially. That’s what we need to get away from. So I thought ‘orbit’, just as a metaphor originally.” He sketched a loose ellipse on a piece of paper. “Now planetary orbits are highly unstable things, whirling around, but they are stable in the sense that they follow a fixed path. So then I drew an orbit that comes back on itself but keeps touching itself. So that was the idea.”

It was to be 180m high, the platforms just stuck

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More than 100 injured as trains collide in Amsterdam – CNN International

Category : Stocks


CBC.ca
More than 100 injured as trains collide in Amsterdam
CNN International
By the CNN Wire Staff At least 125 people were injured when two passenger trains collided in Amsterdam on Saturday, April 21, 2012, national police said. “Everybody was in panic. Everybody was screaming,” a passenger recalls (CNN) — More than 100
130 injured in Netherlands train collisionNew York Daily News
Over 100 injured in Dutch train collisionCBS News
60 injured in Amsterdam two-train crashThe Sun Daily
The Guardian

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Decatur Animal Hospital Warns Pet Owners of Recalled Pet Foods

Category : World News

DECATUR, IL–(Marketwire – Apr 8, 2012) – Fairview Hospital for Animals is warning pet owners about recent pet food recalls. Several pet foods have been recalled in the last 12 months, including two dog foods in December 2011 for mold contamination. As a service to pet owners, the animal hospital maintains a free updated listing on its website, http://fairviewpetvet.com, with links to the latest information on pet food recalls. The hospital serves the Macon, Forsyth, Blue Mound, Mount Zion, and Boody communities in Macon County, Georgia.

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NATO Recalls Staff from Afghan Ministries After Shooting – Voice of America

Category : Stocks


Telegraph.co.uk
NATO Recalls Staff from Afghan Ministries After Shooting
Voice of America
February 25, 2012 NATO Recalls Staff from Afghan Ministries After Shooting VOA News NATO has recalled all staff working at Afghan government ministries after two US officers were shot dead at close range inside a secure command center at the Interior
NATO personnel withdrawn from Afghan ministries after killing of two AmericansWashington Post
Afghan anger over Koran burning an emblem of nation's culture warLos Angeles Times
NATO pulls staff after two US military advisers were shot in retaliation for The Australian
ABC News

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Syrian officials killed as protests continue

Category : World News

Two judicial officers killed in Idlib as Egypt recalls its ambassador and China says a peaceful solution was possible.

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US closes embassy in Syria

Category : World News

Amid reports of intensified military shelling of Homs, US pulls out diplomats and UK recalls ambassador from Damascus.

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