Lisbon Fashion Week: A frivolous affair?
While covering Lisbon Fashion Week, photographer Rafa Marchante spoke with fashion designers, models, photographers and journalists, asking them if they thought the fashion world was frivolous.
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Kellye notes
~ Wednesday, October 26 ~
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~ Monday, October 17 ~
Bashir says Sudan will adopt entirely Islamic constitution
(Sudanese President Omar al-Bashir inKhartoum, October 9, 2011/Mohamed Nureldin Abdallah)
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Bashir says Sudan will adopt entirely Islamic constitution
(Sudanese President Omar al-Bashir inKhartoum, October 9, 2011/Mohamed Nureldin Abdallah)
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~ Friday, October 14 ~
US STOCKS-Wall St rises on hopes for euro zone debt deal
* U.S. September retail sales up more than forecast* Investors look to G20 for euro zone debt plan details* Indexes up: Dow 1 pct, S&P 1.2, Nasdaq 1.3By Chuck MikolajczakNEW YORK, Oct 14 (Reuters) - U.S. stocks rose on Friday,
putting the S&P on track for back-to-back weekly gains for the
first time since early July, led by optimism the euro zone will
continue to make progress on a solution to its debt crisis.French and German officials are trying to put flesh on the
bones of a crisis resolution plan in time for a European Union
summit on Oct. 23.Investors weren’t deterred by Standard and Poor’s cut to
Spain’s credit rating on Friday, a move that underlined the
challenges facing Europe’s finance ministers as they prepare to
meet counterparts from the Group of 20 nations over the euro
area’s debt crisis.”It’s this G20 meeting they are having in Paris today and
tomorrow, just getting the details of this plan out there and
making the details work is the most important thing,” said John
Canally, investment strategist and economist for LPL Financial
in Boston.Adding to the positive tone, U.S. Commerce Department data
showed September retail sales rose 1.1 percent from a month
earlier, beating the median forecast in a Reuters poll for a
0.7 percent rise. Sales growth during August was revised upward
to 0.3 percent.”The data hasn’t mattered for a couple of months. It
matters here and there, but most of what today is, is Europe.”The recent rally since the S&P 500 briefly hit bear market
territory on an intraday basis on Oct. 4 has pushed the
benchmark index near 1,220, a key resistance point it’s been
unable to cross since early August.The Dow Jones industrial average gained 112.73
points, or 0.98 percent, to 11,590.86. The Standard & Poor’s
500 Index rose 14.97 points, or 1.24 percent, to
1,218.63. The Nasdaq Composite Index climbed 33.31
points, or 1.27 percent, to 2,653.55.Consumers remained pessimistic, despite the growth in
retail spending. The Thomson Michigan’s
preliminary reading on the overall index on consumer sentiment
sagged to 57.5 from 59.4 the month before. It fell short of the
median forecast of 60.2 among economists polled by Reuters.”We continue to want to watch what people spend and do
rather than what they say, so consumer sentiment is at 30-year
lows, but they are spending like it’s 1999. That is just the
dichotomy that is going on out there,” said Canally.Google Inc led the Nasdaq higher as shares jumped
6.1 percent to $593.13 after its results late on Thursday
trounced Wall Street expectations, helped by strong advertising
sales and deft cost controls.The Labor Department said overall import prices increased
0.3 percent, after falling 0.2 percent in August. Economists
polled by Thomson Reuters had expected prices to drop 0.3
percent last month.
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Geithner says IMF has sufficient resources
He added that Europe also had strong resources of its own and, if it put them to use “then we are very happy to see the IMF play a continuing role, as it’s been playing, in supporting what Europe has been doing.”
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~ Thursday, October 13 ~
UPDATE 1-LVMH, HNA, Middle East fund to bid for India DLF’s Amanresorts-sources
MUMBAI/HONG KONG Oct 13 (Reuters) - LVMH , the
world’s biggest luxury goods group, China’s HNA Group and a
Middle Eastern fund are expected to submit binding bids for
Indian developer DLF’s luxury hotel chain Amanresorts
International, two sources with direct knowledge of the matter
told Reuters.DLF, India’s largest developer, expects bids in
excess of $400 million, a company official had told Reuters on
Tuesday. The assets for sale include 22 hotels in 12 countries,
but not the Aman resort in New Delhi.The Indian developer has asked for about six final bids in a
process managed by Goldman Sachs and Citigroup ,
which is expected to be completed in a month’s
time.DLF and LVMH declined to comment when contacted by
Reuters. A spokesperson from HNA was not reachable.LVMH, which owns luxury fashion label Louis Vuitton and Moet
& Chandon champagne, entered the hospitality business in 2006
and announced last year it was expanding to manage luxury hotel
properties in Egypt and Oman.HNA, with 7 billion euros of revenue in 2010 and assets
worth 40 billion euros, owns 11 airlines and invests in
airports, hotels and other businesses. It bought a 20 percent
stake in Spanish hotel chain NH Hoteles for 431.6
million euros ($616.5 million) in May.The identity of the Middle Eastern fund was not immediately
available.DLF, which had net debt of 215.24 billion rupees
($4.4 billion) at the end of June, plans to reduce its debt pile
by 25-30 billion rupees in the current fiscal year through sales
of non-core assets, it has said.
~ Wednesday, October 12 ~
San Miguel says power unit IPO still possible this yr
“Just waiting for good timing,” Ramon Ang, president of San
Miguel, told Reuters in a mobile text message.He made the clarification following media reports saying SMC
Global Power had pushed back plans to sell shares due to
volatile market conditions.Standard Chartered Bank had been tapped as sole
financial adviser, bookrunner and lead manager together with
Goldman Sachs , UBS , and CIMB Securities
(Singapore) Pte. Ltd.ATR Kim Eng Capital Partners Inc and SB Capital
Investment Corp, a unit of Security Bank Corp are
domestic lead underwriters.
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Seattle “superhero” charged with pepper-spray assault
The costumed defendant, whose real name is Benjamin John Francis Fodor, 23, has become something of a local celebrity since he began patrolling downtown Seattle streets to break up fights and alert police to petty crimes in progress, such as drunken driving and car burglaries.Disguised by a hooded mask and wearing a molded black-and-yellow suit of body armor, Fodor carries pepper spray, a Taser stun gun and a cell phone as he makes his late-night rounds. He also attends charity events on request.Fodor is accused of going too far when he encountered a group of men and women outside a club in the early hours of Sunday morning. According to a police report, the victims were walking to their car, “dancing and having a good time,” when Fodor “came up from behind and pepper-sprayed the group.”Two men in the group chased after Fodor, and police called to the scene “separated the involved parties,” the report said. Fodor was booked into the King County Jail on four counts of assault and was released on $3,800 bail on Sunday afternoon.Fodor has since sent out Twitter messages saying he was back on patrol and proclaiming himself innocent of wrongdoing.”I WOULD NEVER ASSAULT OR HURT ANOTHER PERSON IF THEY WERE NOT CAUSING HARM TO ANOTHER HUMAN BEING,” he wrote in one tweet.Thirteen minutes of shaky video footage taken by supporters to document Sunday’s incident (vimeo.com/30307440), and posted online, shows Fodor being alerted to a “huge fight,” then rushing on foot to the scene yelling, “call 911.”He wades into a group of people with a can of pepper spray as they scatter, yelling and cursing. Pandemonium ensues with several individuals chasing after Fodor and a masked sidekick. One woman is seen repeatedly beating Fodor with her shoes and screaming at him in the street before police finally arrive.He was charged with four counts of misdemeanor assault and faces up to a year in jail and a $5,000 fine if convicted. A court hearing was set for Thursday.
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