OUT OF OFFICE August 24, 2011 TOULOUSE LAUTREC AT THE COURTAULD A contemporary of the Impressionists and a troubled, dissolute patron of the Moulin Rouge, the stories of Henri de Toulouse-Lautrec’s life can sometimes overshadow his achievements as an artist. The current exhibition at the Courtauld Institute tackles this by shedding interesting light on both. It looks at his relationship with [...]
Rebels storm Gaddafi base August 23, 2011 LIBYAN rebels ransacked Colonel Gaddafi’s compound last night and declared the end of the dictator’s rule as celebratory gunfire rang through Tripoli. Fighters raised the rebel flag in the Bab al-Aziziya bastion as all but a few districts fell under their control. They celebrated the apparent fleeing of the dictator from his base after 42-year [...]
Former IMF boss walks after judge drops case August 23, 2011 DOMINIQUE Strauss-Kahn yesterday walked from a New York court alongside his wife after a judge dropped the sex charges against him. The former IMF boss smiled to the scrum of reporters, branding the last four months a “nightmare” and saying he is looking forward to returning to “a more normal life”. He also said he [...]
Japan hit by downgrade August 23, 2011 RATINGS agency Moody’s downgraded the Japanese government this morning, painting a gloomy picture for the troubled Asian economy. Yet investors shrugged off the news, with the Nikkei rising 0.6 per cent in early trading today. The upbeat start followed a strong day of trading in New York yesterday, during which the Dow Jones grew three [...]
Wealth destruction the new normal August 23, 2011 WEALTH preservation is now the name of the game in the West. The challenge, for most people, is not to make more money: it is to try and preserve what they have. Declining equity and property prices, ultra-low interest rates, lowish pay rises, elevated inflation and increasing taxes are combining to squeeze nearly everybody. This [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 23, 2011 FINANCIAL TIMES SHIPOWNER THREATENS TO SEIZE CHINA VESSELS One of Greece’s most high-profile shipowners has threatened to seize ships belonging to China’s biggest shipping company, after it halted payments on high-priced charter contracts. George Economou said that Cosco’s stance over contracts struck during the 2008 shipping boom might reflect a failure to understand the importance [...]
Greek collateral needed August 23, 2011 GREECE could end up using its own land as collateral for its bailout package as part of plans under discussion between Eurozone governments. As Finland threatened to quit the bailout programme if its request for collateral was turned down, ministers considered asking Greece to put up non-cash reserves such as gold, industrial assets and even [...]
School-leavers lack workplace skills, CIPD says August 23, 2011 DEMAND for migrant workers has reached a record high as school-leavers lack the skills needed for the workplace, new research says. One in four employers now plan to hire migrant workers in the third quarter of the year, according to the Chartered Institute of Personnel and Development (CIPD) quarterly survey. Thirty-four per cent of employers are [...]
WENGER’S £40M WORRY August 23, 2011 UDINESE (0) vs ARSENAL (1) Arsenal boss fears high-profile departures could derail his team ahead of match that will define his budget and campaign EMBATTLED Arsenal manager Arsene Wenger goes into tonight’s £40m Champions League play-off with Udinese admitting he fears the departures of Samir Nasri and Cesc Fabregas could inflict psychological wounds on his [...]
QPR crash on bad night for big guns August 23, 2011 QPR lost 2-0 at home to Rochdale as all three Premier League newcomers crashed out of the Carling Cup at the first hurdle last night. Norwich were thumped 4-0 at home by MK Dons and Swansea lost 3-1 at Shrewsbury, while Sunderland were the other top-flight casualties in the second round, going down 1-0 at [...]
