Beruflich Dokumente
Kultur Dokumente
What happened
Disaster in Sinai
In a remarkable act
of generosity, a New
Zealand rugby star
gave his World Cup
winners medal to a
young fan, moments
after the final whistle.
Charlie Lines, 14, was
so thrilled by the All
Blacks victory, hed
raced onto the pitch,
only to be wrestled
to the ground by a
steward. Sonny Bill
Williams saw the incident and, sympathising with Charlies overexcitement, helped him up, put the medal around his neck and
insisted he keep it, even after the boys parents offered it back.
Why not try and make a young fellas night? Williams said.
Dubai-based domestic
helper Shanti Robin struck
gold this week when she
became the lucky winner of
a 50gm gold bar. Robin 52,
who has been working as a
domestic helper for the past
22 years, was one of 30
frequent users of the
Dubai metro and RTA public
buses to be awarded the
prize. Robin, who is the sole
breadwinner of her family
and supports her four
children back home in India,
could not hold back her
tears as she received the
prize, reported Gulf News.
NEWS 5
What next?
The hijacking of an electoral democracy by a president who has a singular view of the future
may not be new, but it certainly is a new phenomenon in Turkey, said Mostafa Minawi
on TheHill.com. The very real worry now facing Ankara is a
quick descent into autocracy. If the sweeping amendments to
Turkeys constitution that Erdoan proposed in 2014 were to pass,
Ankaras political system would swiftly degenerate from one of a
strong parliamentary democracy to a system where the real power
would become concentrated in the hands of Erdoan.
For Turkeys western allies in Europe and the US, Erdoans victory presents a mixed
blessing, said Marco Vicenzino on HuffingtonPost.com. The West sees Erdoan as a known
quantity in an increasingly turbulent region. The recent talks between Erdoan and German
Chancellor Angela Merkel have also highlighted the presidents key role in any agreement to
stem the migrant flow from Syria. Its likely that any agreement would require European
funding in exchange for reopening Turkeys EU accession talks. Meanwhile, Erdoan will keep
using his leverage to extract maximum concessions from Europe. For now at least the pressing
situation in the region has caused other Western concerns about Turkey such as human rights
abuses in the country to take a backseat.
Aamers release
At last, hes free, said The Observer. After a
nightmare 14 years in US captivity during
which time he was never charged with any
crime the last British resident held at
Guantnamo Bay was released and flown home
last week. Extraordinary that Aamer, now 46,
should have suffered this appalling ordeal at
the hands of our closest ally.
Aamer: Justice
THE WEEK
Russia observed a
national day of
mourning last Sunday,
in response to the deaths of 224 people last Saturday on
board a Metrojet Airbus returning to St Petersburg from
the Egyptian holiday resort of Sharm el-Sheikh. In the
aftermath of the tragedy, the UK halted all flights to and
from the country, amid fears that an ISIL bomb caused
the crash. In Turkey, President Recep Tayyip Erdoan
celebrated a return to power after his AKP party
succeeded in gaining a majority in the countrys snap
election on 1 November (see Main stories, above). China
remained in the headlines too, after announcing the end
of the countrys one child policy (see Talking points, page 25) and declaring that the dispute
over the Spratly islands could lead to war (see Controversy, page 6).
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6 NEWS
Poll watch
Plus-size labelling is out of
fashion in a poll conducted
by ModCloth, an e-commerce
site specialising in vintageinspired fashions and
accessories. The online
retailer interviewed about
1,500 women between 18
to 35 years in the US who
identify as wearing a US size
16 or larger. About 60% of
them reported feeling
embarrassed about going
to a separate store or
department to find their
size, the survey found, while
about 65% said theyd prefer
to find their size in the same
section as all the other sizes.
Maheen, Syria
ISIL advances westwards: ISIL militants
have captured the town of Maheen, in
Homs province in western Syria a
breakthrough which brings the territory
controlled by the terrorist group to within
13 miles of the main road linking
Damascus to the city of Homs. ISILs next
target appears to be the Christian town of
Sadad, close to Maheen; there have
already been reports of clashes there this
week. Talks between regional and world
powers on how to end the Syrian civil war
took place in Vienna last Friday, and for
the first time they included Iran, a key ally
of Bashar al-Assad. Tehran has long
clamoured to join the talks, but within
days had threatened to quit the next
round, due within weeks, citing the
negative and unconstructive role played
by its regional rival Saudi Arabia.
NEWS 7
Baghdad, Iraq
Ahmed Chalabi dies at 71: Ahmed
Chalabi, the Iraqi politician notoriously
credited with influencing the US decision
to invade Iraq in 2003, was found dead
in his home in Baghdad, apparently
having suffered a heart attack. Chalabi
lived in Baghdad following years of exile
in the UK and US. His political career,
(much of it in exile) spanned decades
and his knack for political survival was
the one constant in a career marked by
dramatic dips, said The Wall Street
Journal. Chalabi, a Shiite, briefly stood for
prime minister last year, but failed to reach
his goal of running the country. He never
completely shed his tainted reputation from
the Iraq war and the contentious policies he
championed afterwards.
Tehran, Iran
Kentucky Fried Confusion: Only a
day after it opened, officials shut
down what was rumoured to be
the first and only branch of the
American fast food giant KFC.
However, the restaurant manager
claimed that the establishment,
called Halal KFC, had nothing to
do with the American firm. Police
justified the decision alleging that
the outlet was operating with a
fake license. The closure comes
amid concerns amongst
hardliners about growing
Western influence in Iran as
relations with a number of
countries improve, said BBC
news. Several Western countries are
seeking closer business ties with
Tehran following a historic nuclear
deal between Iran and P1+5.
Hebron, Israel
Military shuts down Palestinian radio
station: The Israeli military raided a
Palestinian radio station in the West
Bank on Tuesday and confiscated
equipment it said was being used to
broadcast calls to attack Israelis, said
Huffington Post. The military shut
down the Al Hurria radio station in
Hebron overnight, accusing it of
inciting violence in the volatile West
Bank city. Eleven Israelis have been
killed by Palestinian attacks, while 69
Palestinians have been killed as a
result of Israeli violence. Over the
past month Palestinians have carried
out 29 attacks in the city, including
22 stabbings, four vehicular assaults
and three shooting attacks according
to the military, said the New York
Times. The apartheid state of Israel
has received sharp international
criticism for the death of 2,200
Palestinians, including women and
children, after it launched a vicious
military assault in Gaza in 2014.
Mukalla, Yemen
Cyclone ravages al-Qaeda stronghold: A rare
tropical cyclone lashed the southern coast of
Yemen last Tuesday. The port city of Mukalla,
controlled by militants from al-Qaeda, suffered
enormous damage. Thousands fled as the storm,
named Chapala, brought hurricane-force winds,
heavy rain and huge waves to the area. While no
casualties were reported, residents of Mukalla, the
capital of Hadramawt province, told Reuters that
the seafront promenade and many homes had been
destroyed by the cyclone. The World Health
Organisation (WHO) delivered trauma kits for
1,000 patients in Mukalla, which has been
controlled by al-Qaeda since April.
Dubai, UAE
Fox to open a theme park: 20th
Century Fox announced its plans to
open a theme park in Dubai by 2018.
The complex, monikered 20th
Century Fox World Dubai, is to
follow the opening of a similar park
in Malaysia. Al Ahli Holding Group
has signed an agreement with 20th
Century Fox Consumer Products that
allows it to build four Fox parks
anywhere outside the US, said The
National. The first will be a four
million square foot property in Dubai
containing attractions based on Fox
products such as The Simpsons, Ice
Age, Night at the Museum, Planet of
the Apes and Titanic. Dont be
surprised if you see Kate Winslet
landing in Dubai in the near future.
8 NOVEMBER 2015 THE WEEK
8 NEWS
Europe at a glance
Sumte, Germany
Tiny village sent 750 refugees: A one-street
village in Lower Saxony has become a
potent symbol of the difficulties facing
Germany as the nation scrambles to
accommodate the thousands of refugees
pouring daily across its borders. In early
October, the mayor of Sumte population
102 was told that the rural hamlet would
be required to absorb 1,000 asylum
seekers, after officials identified disused
office buildings on its edge as ripe for
conversion into housing. In response to
concerns raised by local residents, most of
whom are pensioners, as well as a survey
showing the sewerage system would be
unable to cope, the number of incomers
was later reduced to 750 the first of
whom were bussed in this week. According
to The New York Times, one of the few
locals who seemed enthusiastic about the
resettlement plan was Holger Niemann,
32, the lone neo-Nazi on the district
council. It is bad for the people, but
politically it is good for me, he said.
Berlin, Germany
Hitler comedy is
a hit: Look
Whos Back, a
film comedy
about the
return of Hitler
to modern-day
Germany, has
become an
unlikely hit,
topping the
box-office charts
in its third week of release. The film, based
on the novel by Timur Vermes, uses a
Borat-style format, in which scenes
featuring real people reacting to Hitler
as he wanders around Berlin are
interweaved into the narrative. Germans
should be able to laugh at Hitler rather
than viewing him as a monster, director
David Wnendt told The Guardian.
But it should be the type of laugh
that catches in your throat and
youre almost ashamed.
Moscow, Russia
Ministers $18m palace: Russias defence
minister, Sergei Shoigu, has built a $18m
country retreat outside Moscow, and
sought to disguise his ownership of it,
according to anti-corruption campaigners.
Documents published by the AntiCorruption Foundation, led by Kremlin
critic Alexei Navalny, suggest that Shoigu
first tried to hide his ownership of the vast
residence built in the style of a Chinese
pagoda by registering it first in his
daughters name and then his sister-inlaws. The propertys value is equivalent to
around $18m; yet the Shoigu familys total
declared income for 2010-12 was $2.7m,
raising questions over how they could
afford such a palatial residence.
Paris, France
Weatherman fired: One of Frances
best-known TV weathermen has been
sacked by the state broadcaster for writing
a book in which he accused politicians,
scientists and others of exaggerating the
threat posed by climate change. Philippe
Verdier announced his dismissal in an
online video over the weekend, describing
it as an attack on media freedom. He
claims the French authorities are trying to
stifle dissenting voices ahead of the major
UN global conference on climate change
which begins in Paris at the end of the
month. The so-called COP21 conference
aims to cement the most ambitious
agreement yet to mitigate the effects of
global warming and cut carbon emissions.
However, in his book, Verdier argues that
global warming could be good news for
France boosting tourism, cutting energy
bills and improving health.
Bucharest, Romania
PM resigns over fatal blaze: Romanias
prime minister resigned this week, along
with his government, a day after more
than 20,000 people took to the streets to
protest about a nightclub fire that killed at
least 32 people last Friday, and seriously
injured many more. The blaze at the
Colectiv club, housed in a basement in
Bucharest, started when fireworks set off
during a rock concert set alight foam
pillars. Hundreds of people, some as young
as 14, then stampeded for the only exit.
On Monday, police arrested the owners of
the club on suspicion of manslaughter. But
protesters blamed the government too, for
allowing corruption to compromise the
enforcement of safety regulations. This
week, PM Victor Ponta already facing
unrelated charges of fraud and tax evasion
said he hoped the resignations would
satisfy the protesters.
THE WEEK 8 NOVEMBER 2015
Dhekelia, Cyprus
David Camerons own private Guantnamo Bay? Migrants pleaded to be allowed to
Britain or mainland Europe after disturbances in which two tents were burnt down in
a British military base on the island of Cyprus, reported Ben Farmer, defence
correspondent for The Telegraph. The migrants have likened their captivity to being
held at Guantnamo Bay prison, as they pleaded with British PM David Cameron to
let them into Britain. The 114 refugees from Lebanon and Syria urged him to show
humanity a day after disturbances broke out and members of the group burnt down
two tents at the holding camp. The migrants are being held in Dhekelia as Cypriot
authorities process their asylum claims and details, a fortnight after they washed up at
Britains other soveraign base on the island, RAF Akrotiri. Michael Fallon, the Defence
Secretary, has emphasised that the current UK policy refuses to allow the sovereign UK
territory to become a backdoor for migrants to enter Britain. The migrants have been
given a choice of claiming asylum in Cyprus, or being deported to their home countries.
On Tuesday, one of those in the camp urged David Cameron to show humanity. Were
in his hands, if hes a real human and cares for humanity were human as well, said
Ibrahim Maarouf, 37. So dont make a lesson of us. Hes making a lesson of us so
other people do not come. He wont take us because hes afraid if we go to the UK other
people will come. We want our freedom. Mr Maarouf, an English teacher fleeing the
Shatila refugee camp on the outskirts of Beirut, said the situation is so dire that one of
the refugees had tried to hang himself 10 days earlier.
10 NEWS
Boulder, Colorado
Rubio gains ground: Marco Rubio, the
44-year-old first-term senator from
Florida, has seen his campaign donations
surge and won the backing of a major
Republican donor, hedge-fund manager
Paul Singer following a TV debate last
week in which he outshone the other
contenders for the partys presidential
nomination. Rubio (pictured), who is
now the bookies favourite to win the
Republican race (though not the pollsters), deftly batted away Jeb Bushs
demand that he focus on his job as a senator, rather than the
campaign. Someone has convinced you that attacking me is
going to help you, he told Bush, to roars of approval from the
audience. My campaign is going to be about the future of
America, [not about] attacking anyone else on this stage.
Washington, DC
Violent crime row: The director of the FBI, James Comey, has
thrown his weight behind claims that a spike in violent crime in
US cities is at least partly down to the Ferguson effect. Ferguson
is the town in Missouri where an unarmed black teenager was
shot by a white police officer last year; believers in the Ferguson
effect say the resulting pressure on police to be more cautious in
their dealings with suspects has led to criminals becoming more
brazen. According to Comey, some of the USs biggest cities have
seen a surge in murders this year, and the chill wind blowing
through police departments may be behind this. Police, he said,
feel under siege, and are wary of leaving their cars for fear of
being surrounded by youths filming them on smartphones. His
views put him at odds with President Obama, who insists there is
no clear evidence of a crime wave, or of police changing their
behaviour, though he has asked his attorney general to investigate.
Washington, DC
$43m gas station: The US government body charged
with monitoring the cost of reconstruction efforts in
Afghanistan has revealed that the department of defence spent
almost $43m on a single fuel-filling station for motorists. The
facility, in Sheberghan in the north of Afghanistan, was the first
natural gas filling station in the country, and was intended to
show how the nations natural gas reserves could be used as an
alternative to petrol. However, it cost more than 140 times as
much as a similar project in neighbouring Pakistan. There may
be fraud. There may be corruption, said John Sopko, the special
inspector general for Afghanistan reconstruction.
Tupelo, Mississippi
Flag fan bombs Walmart: A Mississippi man known locally for
flying a 4ft-long state flag from his car has been arrested for trying
to bomb a Walmart supermarket that had stopped stocking them.
The Mississippi state flag features the Confederate rebel flag in
its upper left-hand corner, and following the mass killing of nine
black worshippers at a church in Charleston, South Carolina, in
June, Walmart, along with several other big retailers, stopped
selling the flag and related items. The home-made bomb thrown
by Marshall E. Leonard, 61, failed to detonate, and he was caught
half-an-hour later, after police spotted his Mazda car still flying
the rebel flag running a red light.
Atlanta, Georgia
Octogenarian recidivist: A notorious
jewel thief who spent decades
stealing gems in both the US and
Europe is back behind bars at the
age of 85 after being caught
shoplifting a pair of $690 earrings
from an Atlanta department store.
Doris Payne (pictured) kicked off
her criminal career at 23 by stealing
a diamond valued at $22,000. She served several stretches in jail
before apparently retiring from crime aged 75. The US authorities
believe she has used at least 22 aliases over the years, and got
away with her crimes more often than she was caught.
Cancn, Mexico
Seaweed causes stink: Thick layers of smelly brown seaweed have
been accumulating on beaches across the Caribbean, and are now
threatening the economies of tourist spots across the region. The
algae, called sargassum, has been documented in the area for
centuries, but oceanographers say that this years bloom is the
largest ever. In Antigua, piles of the seaweed have grown to more
than 4ft high; in Tobago, the authorities have declared it a natural
disaster, citing the disgusting stench emitted by the algae rotting,
along with the dead fish and turtles caught within it. And in
Mexico, the Cancn authorities have offered petty criminals
release from custody in exchange for their help in clearing some
1,000 truckloads of the stuff from the beaches.
THE WEEK 8 NOVEMBER 2015
Bogot. Colombia
Government offers truce: Colombias
President Juan Manuel Santos has
offered to enter into a bilateral ceasefire
with the FARC rebel group starting on 1 January boosting
hopes that a permanent peace deal with the Marxist insurgents is
now within grasp. The Bogot government has been engaged in
Cuba-brokered peace talks for almost three years, but until now
had always refused to declare a truce on the grounds that FARC
has used previous ceasefires to re-arm and re-group. However,
the rebels have been observing their own ceasefire, and have
repeatedly urged Bogot to join them. The move follows a
breakthrough in talks in September on the issue of transitional
justice or how to punish rebels who have committed crimes.
Turgai, Kazakhstan
Who built these mysterious 8,000-year-old
geoglyphs? Space imagery has revealed
more than 260 shapes including a
swastika and cross etched into a barren
northern steppe of Kazakhstan, said The
Daily Mail. These mystery patterns are
believed to be at least 8,000 years old and
range in size from 300-1300ft. Known as
geoglyphs, researchers believe they could
reveal details about ancient rituals in the
area, but so far progress in trying to
decipher the shapes has been slow. Now
NASA has released clear satellites
photographs of some of the shapes from
692km above Earths surface in the hopes
of speeding up the effort. Archaeologists
estimate they were created around 8,000
years ago, but have no idea who built
them, or why.
NEWS 11
Naypyidaw,
Burma
Historic election:
Burma is to hold
its first free
elections for more
than 25 years on
Sunday with the
National League
for Democracy
(NLD), led by
veteran prodemocracy
campaigner Aung San Suu Kyi (pictured),
expected to win. But a quarter of the 664
seats in parliament are still reserved for the
army, and no one from Burmas Muslim
minority, about 5% of the population, will
be standing. Even the NLD has failed to
field a single Muslim candidate following
pressure from Buddhist ultra-nationalists.
Pyongyang,
North Korea
Forced labour: The North
Korean regime is earning
up to $2.3bn a year by
sending its citizens abroad
to work in conditions that
amount to forced labour,
according to a UN
investigator. Marzuki
Darusman, an Indonesian,
said that as many as
50,000 people had been
sent abroad, mostly to do
hard physical work in
mining, construction and
textiles, in China and
Russia. The bulk of their
wages are paid directly to
the Pyongyang government;
the workers themselves
receive just a few
dollars a day.
Harare, Zimbabwe
Elephant deaths:
Three journalists
were arrested in
Zimbabwe this
week for
implicating an
unnamed police
officer and other
officials in the poisoning of scores of
elephants in the Hwange National Park.
Last month, 62 elephants were found
dead, having consumed cyanide hidden in
salt licks and oranges. Its not the first such
massacre in the park: two years ago, up to
300 elephants were killed with cyanide.
Then, poachers from local villages were
blamed. But last weekend, the state-owned
Sunday Mail cited unnamed sources who
pointed the finger at a syndicate made up
of an assistant police commissioner, park
rangers and foreign nationals. The next
day the papers editor was arrested, with
two of his staff, and charged with
publishing falsehoods.
Dhaka,
Bangladesh
Secularist slain:
A publisher of
secular books
was hacked to
death in his
office in the
Bangladeshi
capital last
Saturday, in the
latest in a spate of horrific attacks on
secularists. Faisal Arefin Dipan (pictured),
43, was killed by a group of men wielding
machetes, hours after two writers and
another publisher were attacked, though
not killed. Police believe local Islamist
extremists are behind the wave of violence:
al-Qaeda in the Indian Subcontinent has
claimed responsibility for Dipans death.
At least four secular bloggers have also
been murdered this year in Bangladesh.
Canberra, Australia
Knighthoods scrapped: Australias
staunchly republican new PM, Malcolm
Turnbull, has scrapped the awarding of
knighthoods and damehoods a system
that had been introduced in 1976, dropped
in 1986, and then controversially revived
by Turnbulls monarchist predecessor, Tony
Abbott. Turnbull, who ousted Abbott as
leader of the Liberal party in a coup in
September, said the system was not
appropriate in a modern Australia.
Abbotts award of a knighthood to Prince
Philip is widely considered to have been
instrumental in his downfall.
8 NOVEMBER 2015 THE WEEK
12 NEWS
Teetotal Flintoff
Freddie
Flintoff is
famous for
two things:
cricket and
partying. But
these days,
he doesnt do
either, says
Robert
Crampton in
The Times. Flintoff retired from
Test cricket six years ago, and
gave up drinking last year. I
just woke up one morning and
felt terrible. I thought, I cant
do this any more. I dont like
feeling like this. I dont like
what it does. So Ill stop.
Despite his laddish reputation,
his mental health is fragile.
Drinking doesnt help with
my depression. With any other
illness, if there was something
that was making it worse, you
would stop doing it. I dont see
this as any different. There are
some who think Flintoffs
boozing also took a toll on his
cricketing, and stopped him
fulfilling his true potential. But
the truth, he says, is that he
wasnt all that talented to start
with. If you
look at the
way in
which I
bowled,
it was
People
horrible. The way I batted was not
technical, really. When I first
started, I didnt set out to be great
at cricket and I didnt achieve it,
so Im not disappointed. I enjoyed
it. I played in a period when we
beat everyone in the world and
won the Ashes. Im comfortable
with what I did.
The cop with super
recognition powers
British policeman Gary Collins
never forgets a face, said Katrin
Bennhold in The New York Times.
Since 2011, Londons police force
has had an elite unit of so-called
super recognisers cops with
exceptional facial recognition
skills, who can pick out known
pickpockets at tourist spots, spot
sex offenders in concert crowds,
and recognise suspects on security
camera footage. Constable Collins,
the units star, can match a grainy
security camera image to a face he
saw on a database or street corner
years earlier. I always recognised
people, he says, but as a kid you
dont know you have a gift; you
just think everybody is like you.
During the 2011 London riots the
groups first assignment facial
recognition software identified just
one of 4,000 suspects caught on
camera; Collins identified 180. His
abilities have won him admirers on
both sides of the law. Whenever one
particular gang leader sees him on
the street, he tests Collins on the
names of his gang mates. When I
tell them, they cheer and give me a
high five. But when hes off duty,
his powers can be a curse. Recently,
Collins was almost punched.
Sometimes I stare a bit too
long, but I cant help it.
This guy I was looking
at was like, What
are you looking at?
What are you
looking at?
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Briefing
NEWS 15
16 NEWS
America
wants to
divide Syria
Assim Abdul Khaliq
Al Khaleej
Kuwait: Need
to end Bedoons
suffering
Ahmed bin Bahar
Alanba
Bashar al-Assad
is set for
Russian exile
Ayman Al Hammad
Al Riyadh
Bahrain:
Targeted by
terror campaign
Jihad Al Khazin
Al-Hayat
NEWS 19
How money
makes Jeb
tone deaf
Froma Harrop
Newsday
When police
refuse to
do their job
David Graham
TheAtlantic.com
20 NEWS
FRANCE
Death of an
intelligent
nation
Die Welt
IRELAND
Why we
shun the
Travellers
Irish Examiner
RUSSIA
We ignore the
horror at our
own risk
The Moscow Times
I moan, therefore I am. That seems to be the motto of French intellectuals these days, says Martina
Meister. The new reactionaries are everywhere, uttering apocalyptic warnings about their nation
being swamped by unchecked immigration. In The Submission, novelist Michel Houellebecq depicts
a France ruled by Islam. Similar fears are voiced in The Unfortunate Identity by philosopher Alain
Finkielkraut (hitherto considered left-wing), and in The French Suicide by writer Eric Zemmour both
bestsellers. Strident nationalism, once taboo, is now la mode. The doom-mongers have swallowed
wholesale the Great Replacement thesis of Renaud Camus: the idea that as immigrants breed ever
faster, France will soon be mainly Muslim. Nonsense, of course about 3% of French people have a
Muslim background but it goes unchallenged by the media, which loves to stoke fierce battles
between these writers and left-wingers. One has to fear for the health of a country whose thinkers
are so obviously retreating into swansong and self-flagellation.
Even in their hour of need, Travellers find little pity in Ireland, said Victoria White. These gypsy-like,
ethnically Irish nomadic people suffered a terrible loss recently, when a fire broke out at one of the
temporary stopover sites where they park their campers. Ten Travellers died, five of them young
children. Surviving members of that family are now returning from the funerals, and they have
nowhere to go. Already, local councils and politicians are offering reasons why they cant be housed
in this or that locale nobody wants a Traveller encampment in their neighbourhood. Indeed, some
officials advocate forcing Travellers to abandon their nomadic ways and settle down in conventional
housing, which is tantamount to saying they should stop being who they are. Why do we resent
the Travellers so? Is it because they embody our own recent past? Their community suffers from the
former Irish ills of widespread illiteracy, and shockingly low life expectancy. Yet they also have a
profound Catholic faith and rich spiritual traditions connected to the land. Ireland has a duty to
embrace these people, our cousins, by providing safe and hygienic stopover sites in our communities.
After all, dont Christians open their doors to others when they are in trouble?
Will reports of Russian soldiers dying in Syria turn Russians against their rulers? Its what
happened during the 1980s war in Afghanistan, but its unlikely to happen now, says Ivan Sukhov.
The publics responses have become troublingly blunted. Russians were emotionally deaf to
reports of Russian casualties in eastern Ukraine last year. Despite the ceaseless television bulletins
showing trucks carrying the coffins of soldiers back to Russia, the public barely mumbled a
response. And we appear to be seeing the same blank response to reports of Russian deaths and
injuries in Syria. What would normally have been the lead story in news reports is now featured
as an afterthought. The Russian people appear to be in a state of emotional abnormality.
Maybe its the natural consequence of years of relentless state propaganda. Maybe the quiet
restoration of totalitarianism has turned a society of emotionally healthy individuals into a single
aggressive mass. Whatever the reason, it is vital that we Russians rouse ourselves from this
stupor while we still can.
NEWS 21
GUATEMALA
The people
demand only
honesty
El Quetzalteco
MEXICO
Vigilantes
arise where
police fail
Proceso
Guatemala has awakened, said El Quetzalteco. The election of comedian Jimmy Morales as
president this week is a new dawn for the country, a chance to scrub away the corruption
festering at all levels of government. Morales is the ultimate outsider, a man with no political
experience or connections, and an evangelical Protestant in an overwhelmingly Catholic country.
His election isnt the victory of his centre-right party, nor even of the candidate, but rather the
victory of the people who have been protesting in the streets since April, calling for a
transcendental transformation. The corruption scandal that brought down former President
Otto Molina, now in jail awaiting trial for a scheme of kickbacks and bribes, demoralised the
country. Voters turned to Morales because he promised he would be neither corrupt nor a
thief, and would speak the truth to them, no matter how uncomfortable. His task is daunting.
He must utterly reform the broken tax system and the electoral law. And he must accomplish all
this with a fractured legislature in which he has little support, his party having won just 11 out of
158 seats. This will take patience and consensus building. But as long as Morales keeps his vow
of transparency, Guatemalans will be with him.
Mexico is descending into outright
lawlessness and violence, said Jos Gil
Olmos. Killings and kidnappings by
drug gangs and dirty cops have become
routine, and now the violence is
infecting ordinary Mexicans. Last week,
two young men from Mexico City, who
went to the town of Ajalpan to conduct
a poll on tortilla consumption, were
lynched by a mob that suspected them of
trying to kidnap a child. Police said the
men were entirely innocent and tried to
protect them, but since nobody trusts the
police anymore, the officers assertion was worth nothing. A crowd dragged the men out of
City Hall, beat them to death, and burned their bodies. Such misplaced mob justice is a social
expression of weariness at the failure of government and state to ensure the safety of the
population. Mexicans are tired of being abused, assaulted, kidnapped, killed, or disappeared
by criminal gangs acting with the collusion of authorities. Since former President Felipe
Caldern declared war on the cartels nine years ago, 160,000 people have been killed and 26,000
have gone missing, and the toll is rising under President Enrique Pea Nieto despite his pledge
to halt it. What happened in Ajalpan could be repeated anywhere in the country.
8 NOVEMBER 2015 THE WEEK
22 NEWS
Technology
NEWS 23
24 NEWS
Talking points
Gossip
David Camerons EU
negotiations seem to have
taken an unexpected turn. At a
press conference following last
weeks summit of northern
European leaders, Cameron
and Sigmundur Gunnlaugsson,
prime minister of Iceland, were
asked what topics they had
covered. Gunnlaugsson
replied: We discussed
whether Keith Richards of the
Rolling Stones was disciplined,
or whether he was a slacker.
And we came to the conclusion
Talking points
China: End of the tragic social experiment
serious gender imbalance.
One of the biggest social
Its estimated that, by 2020,
experiments in history is
China will have 30
drawing to a close, said
million more men than
Michael Sheridan in The
women. And it was all so
Sunday Times. Last week
unnecessary. Experts
China formally abandoned
believe Chinas birth rate
its one-child policy,
would have naturally come
announcing that all couples
down as the country
would henceforth be
industrialised as it has in
allowed to have two
other developing Asian
children. The strict birth
countries that have seen a
control regime was first
comparable decline without
introduced in 1979.
such draconian policies.
Officials claim that it has
Policy empowered rich elite
prevented about 400
million births, thereby easing pressure on resources Chinese demographers have been urging the
Communist Party to abandon the one-child
and accelerating Chinas economic development.
policy for at least a decade, said Simon Denyer
The policy was never applied universally, however.
in The Washington Post. But the party was loath
Ethnic minorities such as Tibetans and Muslims
to give up a policy that has empowered and
were always allowed more than one child, and an
often enriched officials across the nation, many
early reform extended the same privilege to rural
of whom took large bribes to overlook the
couples whose firstborn was a girl. In 2013, the
rules. And indeed, the vast enforcement
policy was further relaxed to allow families two
apparatus remains in place: the only difference
children if one of the parents was an only child.
is that the child limit has been raised to two.
But faced with a rapidly ageing population, Beijing
That increase may not make much difference in
has now extended the right to everyone.
practice, said Jane Bradley in The Scotsman.
The relaxation of the one-child policy in 2013
Historys verdict on the one-child policy will be
resulted in far fewer babies than expected. Many
damning, said Carrie Gracie on BBC News online.
For more than three decades, Beijing has controlled Chinese have come to think of a one-child family
as a natural unit, even if they could afford more
the most intimate details of peoples lives: issuing
children. The whole concept of extended
baby permits, policing menstrual cycles, ordering
families aunts, uncles and cousins has
forced abortions and sterilisations. The policy has
disappeared. In short, said the Chicago
caused countless personal tragedies and as a
Tribune, China may find it is too late to undo
result of people selectively aborting girls, or killing
all the damage caused by its cruel experiment.
them in infancy in order to secure a male heir a
NEWS 25
Wit &
Wisdom
If you want to see what
children can do, you must
stop giving them things.
Novelist Norman Douglas,
quoted on Forbes.com
Making a speech on
economics is a lot like
urinating down your leg. It
seems hot to you, but it
never does to anyone else.
Lyndon B. Johnson, quoted
in The Guardian
Everyone is entitled to
his own opinion, but not
to his own facts.
US politician Daniel Patrick
Moynihan, quoted in
Standpoint
Many people take no care
of their money till they come
nearly to the end of it, and
others do just the same with
their time.
Johann Wolfgang von
Goethe, quoted in
The Sunday Times
Like being in heaven,
without going to all
the bother and expense
of dying.
P.G. Wodehouse on visiting
New York, quoted in
The Observer
Criticism is easier to take
when you realise that the
only people who arent
criticised are those who
dont take risks.
Donald Trump, quoted in
Townhall.com
The reason people become
funny is to overcome pain.
Sarah Silverman,
quoted in Time
Better to be busy than to
be busy worrying.
Angela Lansbury,
quoted in the International
Business Times
Sport
26 NEWS
Sporting headlines
PRESENTED BY
tickets.virginmegastore.me
partyinthepark.ae
28
ARTS
Review of reviews: Books
If Le Carr has a yen for the business of
deception, theres no secret where he got it
from, said Roger Lewis in the Daily Mail.
His father, Ronnie the books most
fascinating figure was a conman,
whose extravagant schemes included
manufacturing laxative pills and cornering
the Chinese cracker market. Regularly
broke, he defaulted on his childrens
boarding school fees, cheated widows of
their pensions, and once served six months
in prison for fraud. Worse, he also abused
his two sons and slapped his women
around: Le Carrs mother did an
understandable bunk when the future
novelist was just five years old.
The Witches:
Salem, 1692
by Stacy Schiff
Little, Brown, $32
In the Salem, Massachusetts,
of 1692, one moment
children were playacting; the
next, peoples grandparents
were being publicly tortured
to death, said Adam
Goodheart in The Atlantic.
Stacy Schiffs engrossing new
account of the hysteria that
overtook the village achieves
wizardry of a sort itself, making
wonderfully visible the distant world in
which the famous witch hunt unfolded. The
entire affair began when two girls started
complaining about being pinched or bitten
by invisible agents. Within nine months, 19
women and men accused of sorcery had
been hanged and one elderly farmer pressed
to death with large stones. Schiff, a Pulitzer
Prize winner, keeps our focus on the several
girls whose accusations fuelled the whole
frenzy, though. Her retelling reads most
compellingly as a kind of true-life version of
young-adult fiction. Not that the crisis
should be interpreted as merely an
adolescent prank gone awry, said Peter
Manseau in Bookforum. Among the
Puritans of Massachusetts, belief in
witchcraft predated this particular uproar,
and rearing children was such a fraught
undertaking that parents were primed to
THE WEEK 8 NOVEMBER 2015
The List
29
David Mitchells new novel, Slade House, is a haunted-house story for a new
century. Below, the bestselling author of Cloud Atlas and The Bone Clocks names
his favourite ghost stories.
The Turn of the Screw by Henry James
(Dover, $3). A perfectly crafted novella
by one of literatures all-time master
stylists. A young governess arrives at an
English estate and begins seeing ghosts.
Or is she just having the mother of all
nervous breakdowns? James feeds the
reader twisted suspicions but not
straight answers. By refusing to satisfy,
he satisfies.
Strangers by Taichi Yamada (out of
print). Like every ghost story, Strangers is
also a detective story, whose core
mysteries are the questions Who are the
ghosts? What do they want? and
Can I get out of here alive? After
Dont miss...
New albums
5 Seconds of Summer
Sounds Good Feels Good (Capitol)
For its sophomore
album, Sydney quartet
5 Seconds of Summer
tasked itself with
resolving the boy
band vs. rock band
conflict that has
plagued the group since it became an
international sensation by touring with
One Direction, said Billboard music.
And the effort indeed paid off: the
album premiered at the top of the US
Album Charts.
Best of rest
Urban:ness: Encountering the City
26 Oct-10 Nov, 10am-10pm,
DUCTAC, Level 2, Mall of the
Emirates, Dubai, UAE
Urban:ness features a whole
programme of talks, workshops and
events to initiate critical responses
to the Asian urban experience.
Showcasing 30 multi-disciplinary
works by 17 artists, the show examines
the psychological and social narratives
that unfurl in urban contexts, thus
replacing the clich of a citys skyline
as merely an advertising platform or
national emblem. Exploring the impact
of rapid urbanisation in Delhi, Dubai,
and Singapore, Urban:ness: is the
starting point for East/East-East, an
ongoing experimental platform
focusing on arts from the geographical
East, says Muhannad Ali, DUCTACs
Art Centre manager.
Omar Khairat Live
12 November, Emirates Golf Club,
Dubai, UAE
The legendary pianist, composer
and conductor returns to Dubai for
one night only. Omar Khairat has
been touted as one of the most
awarded and respected musicians
in the field of Arabic music. The
musician currently performs at the
Cairo Opera House. Soak in music
from the magical composer of
such classics as The Magic Perfumes
(1989) and the Arab Rhapsody
(1992) at this concert organised
by Sundance Live. Tickets
($75-$217)are available online
at www.platinumlist.net
Film
30 ARTS
Titli
Dir: Kanu Behl
Our Brand
Is Crisis
Dir: David Gordon Green
1hr 25mins (18+)
A brash spin doctor takes
her act to a foreign land.
Southpaw
(Anchor Bay, $30)
Dressed to Kill
(Criterion, $30)
A chance meeting
with an old
acquaintance leads an
LA couple into a
snare in this recent
thriller, said the
Chicago Sun-Times.
Rebecca Hall, Jason
Bateman and Joel
Edgerton all deliver
first-rate performances in director
Edgertons wonderfully warped take
on long-range karma.
Brian de Palmas
classic thriller
still shocks 35
years later, said
PopMatters.com.
Though lust and
murder are givens in
the genre, here theyre
pushed to such
absurd extremes
that the viewer is left completely
off-balance, and this fine restoration
highlights de Palmas visual artistry.
Obituaries
The wild comic who wed a Hollywood star
attack while performing
After Marty
Marty
on The Tonight Show,
Ingels and his
Ingels
more or less ending his
wife, the Oscar19362015
stand-up career, said
winning actress
The New York Times.
Shirley Jones, went through a
He spent months as a
difficult, yearlong separation in
recluse, before turning to
the early 2000s, the two agreed
voiceover work and
to meet for a therapy session.
founding a successful
Ingels, a comedian for whom no
celebrity-booking agency
stunt was too outrageous,
for advertisers. I
turned up wearing a big hat and
was once invited to
playing a trombone. Well,
an agoraphobic
sighed the therapist, looks like
convention, he later
you havent changed a bit, Marty.
joked. How can
The couple got back together and
that be? I pictured a
stayed happily married a
giant stadium with
relationship that confounded many
Ingels: More than just a funny guy
nobody there.
Hollywood observers. I was a
Jewish kid from Brooklyn and she was Miss
America, he said. A lot of people never got that. For all his show business achievements, Ingels
was best known as half of one of Hollywoods
oddest couples, said the Los Angeles Times.
Born in Brooklyn to a family of dentists, Ingels
When courting Jones, whom he married in
got his break as an actor at the Pasadena
1977, he showed up at her movie set in a 38Playhouse in Los Angeles, said Variety.com.
foot motor home with bubbly, mood music and
After realising he wasnt suited to stage work
her favourite Cobb salad from Hollywoods
the audience erupted in laughter whenever he
Brown Derby. Jones once arrived home to find
tried to deliver a serious line he turned to
Ingels, her husband by then, dancing on their
comedy and TV, landing parts in The Dick Van
lawn with her Oscar for Elmer Gantry,
Dyke Show, The Addams Family, and other
accompanied by a hired mariachi band. He
sitcoms. His biggest role was as a carpenter
often drove me crazy, Jones said last week.
called Fenster in the short-lived but much-loved
But theres not a day I wont miss him and love
1962 ABC comedy Im Dickens, Hes Fenster. In
the early 1970s, Ingels had a paralysing anxiety him to my core.
31
The engineer who
spearheaded the
Apollo programme
In 1961,
George
President
Mueller
Kennedy
19182015
announced
an ambitious goal for
America: landing a man on
the moon and returning him
safely to Earth before the
end of the decade. George
Mueller, NASAs head of
manned spaceflight, knew
how to make it happen.
Rather than testing rocket
parts individually a timeconsuming process Mueller
convinced his scientists and
engineers to adopt an allup approach and launch all
the pieces at once. It
sounded reckless, but [his]
reasoning was impeccable,
said Wernher von Braun,
who oversaw the building of
the Apollo programmes
Saturn V rocket. Without
all-up testing, the first
manned lunar landing could
not have taken place as early
as 1969. Born in St. Louis,
Mueller had a boyhood
interest in building model
airplanes and radio
receivers, said the Los
Angeles Times. After
studying electrical
engineering and physics in
college, he began his career
at the aerospace firm
Ramo-Wooldridge Corp.,
and joined NASA in 1963.
Five years later, after only
two test flights of Saturn V,
the three-astronaut crew of
Apollo 8 became the first to
orbit the moon and return
to Earth. Mueller left
NASA for the private sector
in 1969, four months after
Neil Armstrong set foot on
the moon. Besides the lunar
landing, he also played a
part in the development of
the Skylab space station, and
urged the development of a
reusable space shuttle, said
The New York Times. His
tenure wasnt without
tragedy: three astronauts
were killed in a launch pad
test in 1967. But Mueller
insisted risk-taking was
essential. If you designed
your programme to be
absolutely safe, he
reasoned, youd absolutely
never fly.
32
UAE: Delightful homes in Dubai
Dubai: Located in the prestigious Emirates Hills community this grand villa
boasts an open floor plan layout measuring 7500sq.m. The 9-bedroom
residence features several living rooms, dining rooms, panelled study, master
suite with spa, oversized custom closets, steam room, family/media room, wine
cellar. The private roof terraces are decked out with a private bar, sundeck, and
an oversized hot tub for 10. The fully-furnished basement has two bedrooms,
kitchen, cinema and games room with access to the sunken garden and terrace.
Outside, there is a landscaped garden, dining area, sunbathing deck and pool.
Price on application; Luxhabitat (+971 4) 550 8335.
Spain: The designer villa is situated in the La Selva area of the PGA Catalunya
resort in Girona. The single storey villa is airy and bright and its panoramic windows
afford spectacular vistas of the golf course. The living-dining area with an open plan
chic kitchen made by Bulthaup is ideal for entertaining. Both the living room and the
3 bedrooms have direct access to the spacious outdoors that are planned with a
terrace, garden and custom-designed infinity pool.
$1.3m; PGA Catalunya Resort (+34 972) 472957.
South Africa: This Tuscan-style villa offers grand views over Cape Town and False
Bay from its mountainside locations in Constantia. Surrounded by formal gardens the
property offers versatile accommodation comprising a 5-storey villa and two separate
units. The main house has 6 beds and the two independent accommodations
consisting of 2 beds, 2 baths, living, dining and kitchen. There are several large
entertainment areas, a state-of-the-art cinema, a gymnasium, indoor pool, steam
room, spa bath, a flood-lit tennis court, and smart home automation system that
control lights, pool pump, irrigation, security gates and the alarm system.
$7.2m; Shaun Ascough (+27 21) 813 6850
Best properties
on the market
33
Nottinghamshire: The
Pump House, Misterton. A
modern conversion of this
striking Grade II former pump
house, in a rural setting with
gardens and land. The property
is divided into two halves,
which are connected by a wide
glazed link. Master suite, 4
further beds, family bath,
shower, breakfast/kitchen,
utility, 2 large receps, snug,
study, games room, WC,
mature gardens, terrace, barn,
field, 5.6 acres.
$1.3m; Jackson-Stops & Staff
(+44 1904) 625 033.
LEISURE
Food & Drink
34
Taken from Food for Thought by Vanessa Kimbell, published by Kyle Books
Brawn
Umi
Travel
LEISURE 35
Messners museums
night (aman.com).
GoldenEye, Jamaica
Esencia, Mexico
36
BUSINESS
Companies in the news
...and how they were assessed
The corporate crisis engulfing Volkswagen isnt getting any easier, said Robert Wright
in the FT. US regulators have turned up the heat again, accusing the carmaker of
installing test-cheating software in the latest models of its prestige brands, Porsche
and Audi. This marks the first time that Porsche has been dragged into the scandal a
particular embarrassment for VWs new chief, Matthias Mller, who ran Porsche
before taking the top job in September. According to the US Environmental Protection
Agency, VW had installed defeat devices in at least 10,000 more diesel vehicles than
it had previously admitted, including the 2015 Porsche Cayenne and the 2016 Audi
A6 Quattro. VW has set aside an initial $7.05bn to pay for the emissions scandal,
though the final sum when potential compensation and fines are included is likely to
be much bigger, said Julia Lhr in The Guardian. The reputational damage, both to
VW and to the wider German badge of manufacturing excellence, is harder to
quantify. I do not believe that made in Germany got a scratch by what happened
at Volkswagen, the German Chancellor, Angela Merkel, observed last week. Others
are more sceptical. The research firm, Brand Finance, reckons the recent hammer
blow to Germanys international reputation threatens to undo decades of
accumulated goodwill.
The online nemesis of independent bookstores didnt quite manage to kill off the
real thing, said Rachel Savage in Management Today. And now its launched a shop
of its own. Amazon Books, which opened this week in the companys home city of
Seattle, will stock around 6,000 of the most popular titles from Amazon.com at the
same price. But can the online giant, which isnt known for its touchy-feely customer
service, make it in a business that requires real human interaction? The company,
which is muscling in on everything from TV and film streaming to grocery delivery,
already has a number of click and collect pick-up points, and has hopes of rolling
out more stores. The experiment is evidence that physical and online retail are
moving closer than ever, even if the exact relationship hasnt been worked out just
yet. Google opened its first physical shop in London earlier this year.
Zambian President Edgar Lungu has said that he will not allow Glencore Plcs local
unit to cut about 4,000 jobs, said Bloomberg. The nation is Africas second largest
copper producer. The company plans on suspending production at its Mopani Copper
Mines unit for 18 months while it invests $950 million in constructing new shafts and
upgrading plants; this move comes amid copper prices hitting a six-year low. In a
broadcast on state-owned ZNBC TV last Tuesday, Lungu implored Mopani to use the
profits it made during the times of high copper prices to sustain its workforce currently.
He also communicated the governments willingness to find other investors if mining
companies fail to run their operations. Falling metal prices and a power shortage have
contributed to a 49% decline in the Zambian kwacha against the dollar this year. Lets see
if Glencore proves its mettle with this crisis.
THE WEEK 8 NOVEMBER 2015
Gulf business
Hello Skylon
Investment in space tourism ventures
has long been the preserve of
billionaires, said The Independent. But
now BAE Systems is taking the plunge.
The aerospace and defence giant has
spent $31.69m on a 20% stake in
Reaction Engines, a UK-based company
which is developing a next-generation
engine to power a planned space
plane called Skylon. The British
government has also thrown in a $92.2m
grant. The new Sabre engine is a hybrid
rocket and jet propulsion system, and
could open up commercial space travel
and make it possible to fly from the UK
to Australia in four hours. Dont hold
your breath, though. A viable engine is
still at least a decade away.
Commentators
US: Sending
billions of
dollars to Iraq
Emily Glazer And
Jon Hilsenrath
Wall Street Journal
Inflations
surprising
disappearance
Steve Chapman
Chicago Tribune
Hedge funds
have become
herd funds
Steven Davidoff Solomon
The New York Times
Why is HSBC
still tarting
itself around?
Alistair Osborne
The Times
Its complicated, but the billions of dollars being sent from the
US to Iraq is actually Iraqi money, said Emily Glazer and Jon
Hilsenrath. The Central Bank of Iraq, along with many other
countries central banks, has accounts with the Federal Reserve.
The money in Iraqs account comes largely from oil reserves and
not money the US is giving to the country for assistance or
otherwise. When Iraq needs more paper currency, the money is
drawn from the countrys account at the Federal Reserve funded
largely by oil reserves and flown to Baghdad. The Federal
Reserve and Treasury Department temporarily shut off the flow of
Iraqs money to the countrys central bank this summer, as concerns
mounted that the currency was ending up at sanctioned Iranian
banks and possibly being funnelled to ISIL militants. What were
trying to do is make sure [Iraqis] get those dollars, but also put into
place safeguards to make it harder for ISIL to get them, Daniel
Glaser, assistant secretary for terrorist financing in the Treasurys
Office of Terrorism and Financial Intelligence told the WSJ.
Who could have imagined a few decades ago that in 2015 inflation
would no longer be much of a threat? said Steve Chapman. Like
communism, inflation is mostly a relic of a bygone era present
in severe form in a few isolated places, but otherwise virtually
extinct. In Venezuela, for instance, the socialist government has so
mismanaged the economy that feeding a family for a month costs
three times more than it did last year. With inflation topping 150%,
even robbers reject Venezuelan bolivars. There was a time when
such a chaotic state of affairs in the US wouldnt have required much
imagination. Baby Boomers, who were raised on lurid tales of the
hyperinflation in 1920s Germany that led to Hitlers rise, retain a
fear of inflation in their bone marrow and had a frightening taste of
double-digit inflation in the 1970s. But most young Americans today
simply dont know the dread experience of sky-rocketing prices.
The US inflation rate has been below 4% since 1991, and was
effectively zero for the past year. If anything, the threat today is
deflation and slow growth. Its hard to believe, but weve gotten to
the point where a little inflation might be a good thing.
Goldman Sachs has compiled what it calls a VIP list of the
favourite hedge funds hotels those hot and trendy stocks that
fund managers have been piling into. It makes uninspired reading,
says Steven Davidoff Solomon. Top of the list is pharma company
Allergan, second is Apple, third is Facebook; Amazon and Google
are also in the top ten. In fact, Goldmans index shows that almost
62% of hedge fund investments are in blue-chip S&P 500 firms.
Investors must wonder what theyre paying for. After all, we could
all invest in big, well-known companies for much less than the
20% fee on profits (and 2% commission) that hedge funds
charge. One has to wonder how much research and monitoring
is actually being done. If hedge funds are all about alpha
finding investments that are undervalued and can outperform the
broader market surely they should home in on smaller stocks
where research can bear the most fruit, rather than chasing the
latest flavour of the month. The fundamental idea behind a
hedge fund is supposed to be intelligent investing.
After months of tarting itself around, HSBC has still to reach
a decision about where its future home will be, says Alistair
Osborne. A domicile review, begun in April, may now be
extended into 2016, as the board awaits further information
before deciding where HSBCs $2.5trn balance sheet should end
up. Would it be better off under communist dictatorship in
China, or assuming that US regulators might gouge the bank
a bit less if it was formally an American one in New York. Its
hard to avoid the impression that HSBC is milking this review for
all its worth. Why not, given the UK chancellors response? Hes
already reduced the bank levy, taken the wire-cutters to the ring
fence, and replaced a bank-bashing regulator. Hes also scrapped
a hated new rule stipulating that if there was wrongdoing on their
watch, bankers would be presumed guilty until proven innocent.
HSBC says it is focusing on long-term perspectives. Really?
Second-guessing Chinas tax-rate ten years out, perhaps? No. The
more likely explanation is some pretty shameless posturing in the
hope of another bauble from the British government.
NEWS 37
City profiles
Hind Hobeika
The former professional
swimmer turned entrepreneur
is doing quite well for herself.
The Lebanese engineer
created a swimming-tracking
device known as Instabeat,
which is the first waterproof
heads-up display for
swimming. Hobeikas idea
won the third place in Qatars
Stars of Science Competition
and the first prize at the MIT
Enterprise Forum Pan Arab
Business Plan Competition.
She has raised funding for her
products through both
traditional and crowd funding
platforms. Hobeika (pictured),
who speaks four languages,
surpassed her initial goal of
$35,000, collecting more than
double the amount.The
engineer is now preparing for
the Instabeat product launch
in San Francisco, where she is
working with a manufacturing
partner, said Gulf Business.
Yahya Alabdallah
The Jordanian Independent
filmmaker was born in Libya
in 1978, but raised in Saudi
Arabia.The writer, director,
producer and literary critic has
two Masters Degrees, one in
literature and the other in film
from the ECAIR Cinema
School in Paris.Yahya
Alabdallah has made a series
of short films and also works
as a literary critic. His short
film, SMS, was included in the
38th international film festival
in Rotterdam in 2008. Since
then, he has been involved in
several international film
festivals including Berlinales
Talent Campus, Produire au
Sud, the Festival des 3
Continents and the Producers
Network at the Festival de
Cannes. In 2005, he founded
the production company ME
Films in Amman, while his
first feature film The Last
Friday (2011), won three
awards at the Dubai
International Film Festival
(DIFF). His latest film, 5th Floor
Room 52, will be screened at
this years DIFF.
Shares
38 BUSINESS
Directors dealings
Hostelworld Group
The Times
The Dublin-based online
travel booker looks built for
growth the youth market is
expected to grow by more than
200bn in five years. Floated
on Monday at 185p per share,
it promises a decent dividend
policy. Buy. 185p.
Next
The Times
With 500-odd shops in the UK
and Ireland, the clothing and
homewares retailer is regarded
as a bellwether of the British
high street. Well run and
cash-generative, it continues to
outperform rivals and pay out
to shareholders. Buy. 79.
GlaxoSmithKline
The Daily Telegraph
GSK has been hurt by generic
competition for its asthma
drug Advair. But strong sales
of HIV drugs and vaccines
have helped the company beat
market expectations. Theres
a prospective 6.7% yield.
Buy. 14.20.
Hutchison Chi-Med
Investors Chronicle
The China-based pharma is
an attractive growth story with
a bright development pipeline
and plenty of cash. Plans for
an additional listing on the
biotech-friendly Nasdaq
should improve liquidity.
Buy. 26.
Shoe Zone
The Times
The bargain footwear retailer
hasnt disappointed since
floating last year at 160p.
With 535 UK outlets and a
profitable online business, its
grown into a solid, cashgenerating, high-yielding
company. Buy. 194.5p.
SuperGroup
1,600
1,400
1,200
Director
sells 264,900
1,000
800
Jun
Jul
Sep
Oct
Nov
Aug
Form guide
Intertek
Investors Chronicle
The product-testing specialist
has expanded its reach by
acquiring the US-based MT
Group. But it continues to
suffer from oil and gas
weakness; and the mineral
division faces poor market
conditions too. Sell. 26.05.
TalkTalk
Shares
Shares in the telecoms group
were already in decline and
have slumped further following
the recent cyber-hacking
attack. An increasingly likely
takeover target, its own targets
look doomed to failure.
Sell. 255.1p.
Polymetal International
Investors Chronicle
Despite operational progress,
the miner is suffering from the
faltering gold price, rising
operating costs and a debt
burden on top of wider
negative sentiment towards
Russian stocks. Jefferies names
a 470p target price. Sell. 574p.
Utilitywise
Shares
Analysts have cut sales and
earnings forecasts following
a difficult set of results. The
energy consultants accounts
are increasingly hard to grasp,
and the update left more
questions than answers.
Sell. 175p.
Market view
Market summary
Key
Key numbers
numbers for investors
investors
FTSE 100
FTSE All-share UK
Dow Jones
NASDAQ
Nikkei 225
Hang Seng
Gold
Brent Crude Oil
DIVIDEND YIELD (FTSE 100)
UK 10-year gilts yield
US 10-year Treasuries
UK ECONOMIC DATA
Latest CPI (yoy)
Latest RPI (yoy)
Halifax house price (yoy)
1 STERLING
3 Nov 2015
6383.61
3497.52
17924.77
5145.36
18683.24
22568.43
1123.10
49.96
3.82%
1.98
2.21
0.1% (Sep)
0.8% (Sep)
+8.6% (Sep)
Best
shares
Best and
and worst
worst performing shares
Week before
6365.27
3484.16
17570.64
5012.06
18777.04
23142.73
1165.70
46.62
3.84%
1.77
2.02
0.0% (Aug)
1.1% (Aug)
+9.0% (Aug)
Change (%)
0.29%
0.38%
2.02%
2.66%
0.50%
2.48%
3.65%
7.16%
% change
+6.60
+6.12
+5.65
+4.98
+4.28
FALLS
373.10
19.14
Meggitt
666.00
8.39
Standard Chartered
586.50
8.00
Barratt Developments
233.50
6.92
Barclays
4310.00
4.56
Randgold Resources
BEST AND WORST UK STOCKS OVERALL
81.75
+104.38
Pantheon Resources
1.87
46.43
Eco City Vehicles
Source: Datastream (not adjusted for dividends). Prices on 3 Nov (pm)
7,000
6,500
6,000
5,500
Jun
Jul
Aug
Sep
Oct
Nov
Card Factory
The Mail on Sunday
The greetings card firm is
cash-generative with high
profit margins and growing
revenues. Its cutting costs,
adding around 50 new stores a
year, and developing an online
range. Special dividends add to
the attraction. Buy. 360.75p.
The Knowledge
2015
Summit
mbrf.ae
@mbrf_news
Main Sponsor
mbrf_news
www.knowledgesummit.ae
mbrf.newschannel
Media Sponsor
Transportation Sponsor
40
41
I ask about Chinas involvement in all this. Canavero has said that
hes committed to the procedure being open to public view at all
stages scrutinised. I point out that China isnt famous for that.
Chinas China. The medias state-controlled. But China will
want you to know about this, just to spite the West. He admits,
suddenly, that in all likelihood Spiridonov wont be the first
patient to undergo the procedure. Actually, he will not be the
absolute number one. Probably the Chinese will want to do that
on a Chinese patient. Canavero expects it will be somebody with
terminal cancer. Someone with minimal life expectancy, in order
to test it, like Apollo 10. Valery will be Apollo 11.
WINNERS ANNOUNCED
NOVEMBER 25TH
E M I R AT E S W O M A N . C O M / AWA R D S
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Presented by
Beauty partner
Venue partner
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Crossword
43
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Clue of the week: Make water boil for Earl Grey etc.
(7, first letter P) Guardian
BESTSELLER
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