The news that the case against former IMF Chief Dominique Strauss-Kahn may be crumbling is causing predictable excitement in the Twittersphere, but one surprising source of the action is Dr. Doom, Nouriel Roubini, who is arguing loudly that he predicted all of this, and more.

Mr. Roubini, who earned his reputation as a doomsayer ahead of the 2008 financial collapse, issued this series of tweets, starting about 40 minutes ago:

“I wrote the day after DSK’s arrest that most likely he was set-up. The latest news now prove that. Who put the money in her bank account?”

“My 5/15 tweet: DSK is innocent until proven guilty. One cannot rule out a setup as smear campaign against him in french press close to Sarko” [meaning French President Nicolas Sarkozy, probably]

In response to somebody who reminded Mr. Roubini that police have found no evidence of a setup, Mr. Roubini replied:

“But some criminals put money in her account. Who’s behind them?”

He then added:

“Our mid-may RGE note reported that few intelligence sources were suggesting that DSK was likely set-up. The lame-media didnt do its homework” [RGE is short for Roubini Global Economics, his research firm.]

We should of course add that we have no idea or opinion about any of the assertions Mr. Roubini is making, or the facts of the case, or Mr. Strauss-Kahn’s guilt or innocence. It’s just notable to see such a prominent market figure jumping into this strange fray.

We’re reaching out to Mr. Roubini to see if he has any other comment on this.

He’s also making a serious accusation about Mr. Strauss-Kahn’s accuser. We’ve reached out to her attorney, Kenneth Thompson, for a comment and will update when and if we hear back from him.

Update: In comments to the press a little while ago, Mr. Thompson strenuously asserted that his client stood by her story, and he said any suggestion of money being put in her bank account was false, according to a partial transcript by Business Insider.

Tennis Canada to hold Rogers Legends Cup

Posted: 14th April 2011 by ruling7743 in Uncategorized
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Tennis Canada announced Monday the introduction of Rogers Legends Cup, a three-day tournament that will feature former Grand Slam champions Andre Agassi, John McEnroe, Jim Courier and Michael Chang.

The event will take place from the evening of August 12 through to Sunday, August 14 at Rogers Cup in Toronto. Each player will compete in two matches during final weekend of the WTA Premier 5 event.

“Research has shown that our fans would love to see yesterday’ s tennis stars today,” said Karl Hale, tournament director. “Rogers Legends Cup is more than just a tournament within a tournament. Fans will get to see these legends up close and personal in Pro-Ams, clinics, on-site practices and autograph sessions. We continually look to increase our fan enhancement and we are confident that Rogers Legends Cup will complement the world-class women’ s lineup scheduled in Toronto this summer.”

The majority of the funding necessary to launch Rogers Legends Cup was provided by the Government of Ontario through the Celebrate Ontario program. Celebrate Ontario is an annual program designed to drive tourism and help boost the province’s economy.

Rogers Cup was awarded the maximum of 400,000 Canadian dollars from the program which helps festivals and events across the province enhance their products to attract a greater audience.

“Our government is proud to help enhance the Rogers Cup experience,” said Michael Chan, Minister of Tourism and Culture. “The Rogers Legends Cup is a fantastic new addition that is sure to delight fans of all ages and attract more visitors and economic activity to Toronto.”

“I’ m pleased the Rogers Cup is returning again this year and even better than ever thanks to the support of Celebrate Ontario,” added Monte Kwinter, MPP York Centre. “Congratulations to Tennis Canada for bringing together this great new addition to an already exciting lineup.”

“The combination of having four extremely popular American tennis players competing alongside the best in women’ s tennis over the final weekend of our event will make for a very attractive option for travelers, especially those who reside close to the border,” added Hale.

“We are very confident that with this tournament enhancement and the packages that we have put together, Rogers Cup will be an ideal tourist destination this summer for those looking to get away and enjoy high-quality entertainment.”

The four participants of the event are familiar faces to tennis fans across the globe and four of the most decorated players in the history of the sport. Between them they have 20 Grand Slam titles, six Rogers Cup singles trophies, a total of 329 weeks at No. 1 on the ATP World Tour and an Olympic gold medal (Agassi). All four are also members of the International Tennis Hall of Fame.

“I am thrilled to have the opportunity to go back to Toronto for Rogers Legends Cup this summer,” said Agassi. “I had a lot of success at the Canadian tournament when I was a pro player and I think that these legends events are a great way to stay involved in the sport and maintain a connection with the fans. It’ s going to be a lot of fun and I’ m excited.”

Japan’s Crisis Brakes Global Deal Making

Posted: 22nd March 2011 by ruling7743 in Uncategorized
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Japan’s disaster has hit deal making across the globe, forcing some companies to put plans to raise capital on hold and casting doubt on some bumper share offerings in the pipeline.

Capital-raising plans for a French pay-television operator, a Singapore engineering concern and a Japanese real-estate firm already have fallen victim to volatile financial markets, which can make pricing deals difficult for companies trying to sell shares or debt.

Some mergers and acquisitions also may be running into trouble. Russia’s JSC Atomredmetzoloto put on hold its plan to acquire uranium exploration company Mantra Resources Ltd. for about A$1.16 billion on Wednesday.

On Thursday, Chinese oil-equipment maker Hilong Holdings pulled an initial public offering in Hong Kong aimed at raising as much as US$190 million, citing adverse market conditions. China property developer Top Spring International Holdings Ltd. managed to push through a Hong Kong IPO to raise US$200 million — but only by pricing shares at the bottom of its price range, people familiar with the deal said.

‘It’s unlikely that you’ll see much capital-raising activity in the next couple of weeks,’ said Bruce Wu, head of capital-markets origination in Japan for Citigroup Inc. He said Citigroup was offering to lend to clients who needed capital urgently.

Investors were scrambling to understand the implications of the disaster and have been absorbed in reshuffling their portfolios of stocks. Japan’s benchmark Nikkei Stock Average index is down nearly 13% this week.

‘The crisis in Japan has made attracting investors’ attention more difficult,’ said Kester Ng, co-head of Equity Capital Markets in the Asia Pacific region.

Global financial markets already were roiled by protests in the Arab world and the impact of rising oil prices. Falling share prices cast doubt on whether planned multibillion dollar IPOs by such companies as Swiss commodities trader Glencore International AG and Italian fashion house Prada SpA will happen on schedule. Bankers advised companies in the early stages of deals to press on.

‘The last 12 months have taught us that windows open and close very quickly and deals that don’t work one month work the next and you have to be very nimble,’ said Philip Lynch, chief executive of Nomura Asia ex-Japan and Middle East, said.

On the M&A front, bankers expect deals in the works to broadly continue as planned, though companies on the selling side have been calling advisers worried that the Japanese will try and renegotiate prices.

‘The CEOs we are talking to in Japan are more focused right now on the immediate impact of this tragedy on their employees and their plants,’ said Farhan Faruqui, head of Global Banking for Asia Pacific at Citigroup Inc. ‘In the coming weeks we remain confident you will see a continued flow of outbound and inbound activity into Japan,’ he added.

Companies caught in the middle of marketing their shares decided to cut their losses. Hours after the quake news hit that MMI Holdings, an engineering group backed by private-equity firm Kohlberg Kravis Roberts & Co., pulled its one billion Singapore dollar (US$779.7 million) initial public offer on the Singapore Exchange citing weak market conditions, a person familiar with the matter said at the time.

In the following days more deals in the making were pulled by the companies and their bankers as share prices dropped on Monday and Tuesday.

Real-estate investment trust Verde Realty on Monday withdrew plans for an initial public offering for as much as US$300 million. French media company Lagardere SCA on Wednesday said it will postpone the initial public offer of its 20% stake in French pay-TV operator Canal Plus France, which was set to go ahead in the next two weeks.

Romanian witches certificates required

Posted: 16th February 2011 by ruling7743 in Uncategorized
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Witchcraft has been part of Romanian culture for centuries. Last week, the country’s parliament passed a draft bill that witches should get a permit, which would make it possible to fine or even imprison one whose predictions turn out to be false.

The bill would also require witches to provide their customers with receipts and bar them from practicing near schools and churches.

On January 1, Romania changed its labor laws to officially recognize witchcraft as a profession, angering some witches.

Vasile Bleotu, from the Social Democrats said the draft legislation still must be approved by a financial and labor committee and Romania’s Chamber of Deputies.

Wine 101: Stemware

Posted: 22nd December 2010 by ruling7743 in Uncategorized

For Mr. Leung, making proper stemware is all about mastering geometry—the angles plus lines of the goblet select how the wine develops as it sits inside the glass, plus it can influence the way the wine pours onto the tongue, which in turn can affect taste.

There’s small room left on the table when sommelier Gon Leung at Cepage restaurant in Hong Kong lays out the nine kinds of wine glasses in his stock. The stemware is made from a blend of crystal plus glass—100% crystal goblets are thought about more valuable by some, but we’re also heavy.

A side note: When pouring wine, stop at just below the ‘belly’ — the widest part of the glass, says Mr. Leung. ‘The smaller the pour, the better.’ More room in the glass means it ‘breathes’ better, too.

‘Your sweet receptors are at the tip of your tongue; bitterness is detected at the back of your throat; plus the sides pick up the acidity,’ explains Mr. Leung, adding that goblets are not only for holding wine, but are an essential ‘ingredient’ in its enjoyment. Here’s his advice on what kind of wine to pour in what glass.

Young Champagne glass: The long shape of the flute minimizes surface area plus helps preserve the bubbles longer.

(from right to left)

Grand Champagne glass: Meant for older vintages of Champagne, the slightly larger glass gently ‘decants’ the Champagne plus lets it breathe.

Standard white-wine glass: Use this for lighter white wines, such as Riesling, Pinot Grigio or Sauvignon Blanc, which all emit fresh plus fruity aromas. The bouquet, though aromatic, can dissipate quickly, so the tall ‘nose’—the distance from the widest part of the glass to the rim—acts as a highway that directs the scents out of the glass straight to your nose as you tip the goblet toward you.

Chardonnay glass: Chardonnay, a more complex plus stronger-tasting white wine, needs a wide bowl-shaped glass so it can mellow plus the air can circulate. Viognier, plus a heavier-tasting white wine, is better served in this sort of goblet.

Young Burgundy glass: This glass was made for Pinot Noir. The slightly larger shape plus diameter—compared with a white-wine glass—allows the tannins in the red wine to breathe, which softens its acidity so it’s less hard to swallow. To preserve the gentler aromas of the Pinot Noir, the glass has a wider belly, which traps the air inside.

Old Burgundy glass: The slightly taller nose of this glass keeps the aromas trapped in or ‘protected’ for a small longer, as older Burgundies are more fragile plus less ‘lively.’

Young Bordeaux glass: Cabernet Sauvignon (a main grape used in Bordeaux) is high in tannins. The larger glass bowl, by providing more air for the wine to breathe, softens them. Help it along by swirling your glass.

Dessert wine glass: The outward bend of the lip directs the wine to the tip of the tongue, where the sweet receptors are, so accentuating the wine’s sweetness, says Mr. Leung.

Old Bordeaux glass: A bigger glass is ideal for older reds that need to be ‘woken up after a long sleep,’ says Mr. Leung. This glass is also ideal for a Shiraz, which is less fruity than some different kinds of red wine plus has heavy spice aromas.

They were just named Most Stylish Couple by InStyle magazine, and now Robert Pattinson and Kristen Stewart give their fans a taste of why they should be named cutest couple too.

MTV recently posted a clip from the “Eclipse” DVD with the “Twilight” stars’ commentary bantering back and forth about the scene.

In the video, the two real-life lovers are heard giggling over a scene in which Bella is nestled in Jacob’s arms.

Throwing a jab at his nemesis in the film, Pattinson’s Edward Cullen character then says, “God, he’s so gross, so brazen. I really don’t like Jacob.”

Ronaldo makes bid for Adriano with Corinthians in 2011

Posted: 9th November 2010 by ruling7743 in Uncategorized

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Ronaldo’s statement was in response to a hypothetical question regarding who in Europe he believes would be best with Corinthians.

Ronaldo said that Adriano, also known as the Emperor, a nickname given to him while playing for Italy’s Internazionale, has the perfect profile of a Corinthians player. He highlighted Adriano’s characteristics of a warrior and someone who is able to overcome obstacles.

Adriano currently plays for Roma. Despite his dismal performance with the team, the possibility of him transferring back to Brazil next season is unlikely. However, Ronaldo was a key member of Corinthians’ successful signing of midfielder Roberto Carlos in 2010.

If Life to Live

Posted: 8th November 2010 by ruling7743 in Uncategorized

would have gone to bed when I was sick instead of pretending the earth would go into a holding pattern if I weren’t there for the day.

Don’t worry about who doesn’t like you, who has more money, or who’s doing what. Instead, let’s cherish the relationships we have with those who do love us. Let’s think about what God has blessed us with, and what we are doing each day to promote ourselves mentally, physically, emotionally.

But mostly, given another shot at life, I would seize every minute…look at it and really see it … live it … and never give it back.

Hurricane Tomas lashes already devastated Haiti

Posted: 6th November 2010 by ruling7743 in Uncategorized

The hurricane’s punishing rain continued to pound Haiti even as the storm churned away from Hispaniola.

As of 8 p.m. ET, the storm’s center was about 135 miles (220 kilometers) east of Guantanamo, Cuba, and about 50 miles (80 kilometers) south of Great Inagua island in the Bahamas, according to the National Hurricane Center in Miami, Florida.

Earlier Friday, Tomas had passed within about 140 miles (230 kilometers) of Port-au-Prince.

In the westernmost tip of Haiti, which juts into the Caribbean Sea and is closest to the hurricane, there were reports from the town of Jeremie of destroyed houses, downed trees and flooded rivers, said Francois Desruisseaux, an emergency team leader with CARE in Haiti.

Also, he said, CARE workers near the coastal city of Leogane reported the area has been inundated with several feet of water. Downtown streets turned into rivers, said Desruisseaux.

Tomas was also felt in Port-au-Prince, the nation’s capital, but the worst of the storm appeared to have passed there after rain pounded the city overnight. By Friday afternoon, rain had stopped falling. It started again in fits and spurts later.

“We were expecting something perhaps a little larger, but it’s still quite significant,” Desruisseaux said about Hurricane Tomas, adding that rescue teams throughout Haiti are still working to assess the damage. “In the capital so far, we’ve been relatively lucky, all things considered.”

Haiti in ‘holding pattern’ for Tomas

Aid sits as cholera spreads in Haiti

Gallery: Tomas bears down on Haiti RELATED TOPICS
Haiti
Hurricanes and Cyclones
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The threat of ongoing rain remains real, as does the possibility of the spread of waterborne diseases, Desruisseaux said.

Relief worker Roseann Dennery of Samaritan’s Purse was near Cabaret, about 20 miles north of Port-au-Prince, on Friday morning, touring camps that hold some of the 1 million people left homeless by January’s 7.0-magnitude earthquake, which killed some 250,000 people.
We must protect our own.

Ten Positive Life Changes for Fall

Posted: 5th November 2010 by ruling7743 in Uncategorized

Fall, as we’ve all known since we were little, is the season of change and transitions. Students get new classmates in school. Leaves change color. Summer flip-flops are traded in for chocolate-brown boots. The weather gets cooler and crisper, which may mean less iced coffee and more hot soy lattes. Good-bye summer barbeques. Hello apple picking. Who’s ready for fall?

Seasons are not meant to be static, and neither are people. We are at our best when we are open to new ideas, flexible to life’s curves, and willing to get out of our own comfort zones. Here are ten ideas to shake up our usual routines all for the better.

1. Change your attitude about something you currently don’t like. So you can’t stand your know-it-all coworker. He’s not going to quit anytime soon, and neither are you. Rather than constantly bitching to your spouse about how your workmate drives you up the wall, try approaching his next one-sided rambles with some sympathy and understanding. Or that terrible traffic you have to endure every morning—maybe some good audiobooks will actually make you thankful that you’re stuck in the car for over forty minutes.

2. Change up the people you are surrounded by. It’s great to have your posse of close-knit friends. But it’s important to always have opportunities to meet new people, encounter new personalities (however difficult), and get intimidated as hell by people who are half your age and really kicking ass at life. So check out new community events, strike up conversations with strangers, ask a lot of questions, and continue to build new relationships among your social contacts.

3. Change your eating habits; try new recipes, new world cuisines, new ingredients, and new local supermarkets. Have your eating habits fallen into a predictable pattern of casseroles, hamburgers, and iceberg lettuce salads? My favorite way to change up my eating habits is to visit a health-food or produce store that I’ve never visited before; this has introduced me to new ingredients such as nutritional yeast, kale, rice paper, seitan, and more.

4. Change your usual interests and hobbies. Of course, this is why it’s so important to change up the people you’re surrounded by; meeting interesting people is one of the best ways to expose yourself to fields of interest you may have otherwise never encountered or thought of learning about. Another easy way to change up your usual interests and hobbies is to browse magazines at your local bookstore.

5. Change your style. No, you don’t have to buy a whole new wardrobe to do this. It can be a matter of combining tops and bottoms in unusual ways, doing jewelry swaps with your girlfriends, or simply being a little more daring with your colors of eye shadow, lipstick, and nail polish.

6. Change your home environment. That painting you’ve been meaning to hang up for the last few months? Do it. And while you’re at it, unclutter your unwanted stuff and donate it to charity. Add a potted basil plant and some freshly cut gerberas, while you’re at it. Home environments need new energy, too.

7. Change what is stagnant about your work. Hate your job? In the wrong field? Quit. Love your job but getting bored? Challenge yourself, ask for bigger projects, change your attitude, do something. Just don’t do the same thing you’ve been doing for the last few months or years that’s been making you bored in the first place.

8. Change the usual routines you do with your loved one. Is it always pizza and movie night with your darling? How about taking a road trip along the coast? Or going on a grueling nature hike at five in the morning to catch the sunrise? Weekend trapeze classes? Don’t get me wrong—I’m all for letting it all hang loose in the name of love, but don’t forget to do the adventurous stuff that is best experienced with your favorite partner in crime.

9. Change your hang-outs. Oh, yes, we love it when we’ve become so familiar with that coffee and doughnut shop down the street that the owner knows our name and it’s even permanently engraved in a special chair by the window. But it won’t kill you to drive an extra mile beyond your normal radius to check out some new cafés, restaurants, supermarkets, bookstores, and other neighborhood hangouts and discover other hidden gems in your town.

10. Change something that has become easy for you. You used to be a couch potato, and now those five-mile runs are as easy as pie for you; add another mile. Getting bored with your yoga class? Step it up with a more advanced level. And that goal of writing in your journal every day that has become so second nature? Maybe it’s time to start submitting some of those writings to publications and become a published writer.

Variety is the spice of life, especially during this time of the year. Spice it up.