portfolio | april 2011
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Portfolio | April 2011TRANSCRIPT
Arianna Huffington
Issue 64 ■ April 2011
PortfolioExclusive to Emirates First Class and Business Class
emirates.comemirates.comemirates.com
INDIAN INNOVATIONGujarat Leads the Way
TRADE BOOMChinese in Africa
GENDER GAPWikipedia’s Quandary
HuffingtonHuffingtonemirates.comemirates.comemirates.comNew Age Media Mogul
!Cover Apr2011.indd 1 3/27/11 2:22:57 PM
the l e a d e r ’ s w a t c hNo other watch is engineered quite like a Rolex. The Day-Date, introduced in 1956,
was the first watch to display the date, as well as the day in its entirety. A powerful
expression of elegance and style, its classic design quickly became a favourite
among world leaders. The 36 mm Day-Date can display the day in a wide choice
of languages and is presented here in Rolex-patented Everose gold.
the day-date
the l e a d e r ’ s w a t c hNo other watch is engineered quite like a Rolex. The Day-Date, introduced in 1956,
was the first watch to display the date, as well as the day in its entirety. A powerful
expression of elegance and style, its classic design quickly became a favourite
among world leaders. The 36 mm Day-Date can display the day in a wide choice
of languages and is presented here in Rolex-patented Everose gold.
the day-date
It’s time. Ahmed Qasim Seddiqi, the late founder of Ahmed Seddiqi & Sons, opened the first store in Bur Dubai in the late 1940s. What started as one man’s passion over 60 years ago is today an Empire that brings luxury to the hearts of watch collectors.
seddiqi.com
It’s time. Ahmed Qasim Seddiqi, the late founder of Ahmed Seddiqi & Sons, opened the first store in Bur Dubai in the late 1940s. What started as one man’s passion over 60 years ago is today an Empire that brings luxury to the hearts of watch collectors.
seddiqi.com
RALPHLAUREN.COM
R A L P H L A U R E N P U R P L E L A B E L P R E S E N T S
T H E O L D W O R L D E L E G A N C E A N D M A S C U L I N E L U X U R Y
O F C L A S S I C B R O W N A N D W H I T E D R E S S I N G
N E W Y O R K T O K Y O P A R I S L O N D O N M I L A N M O S C O W D U B A I D O H A
PORT FOLIO PAN_412x270 Purple S11 UK.indd 1-2 15/03/11 16:52
RALPHLAUREN.COM
R A L P H L A U R E N P U R P L E L A B E L P R E S E N T S
T H E O L D W O R L D E L E G A N C E A N D M A S C U L I N E L U X U R Y
O F C L A S S I C B R O W N A N D W H I T E D R E S S I N G
N E W Y O R K T O K Y O P A R I S L O N D O N M I L A N M O S C O W D U B A I D O H A
PORT FOLIO PAN_412x270 Purple S11 UK.indd 1-2 15/03/11 16:52
PortfolioExclusive to Emirates First Class and Business Class 7
34 New Uses for Old BunkersSwitzerland’s mountains are peppered with carefully
concealed military bunkers. They were built to protect
the country’s sovereignty, but critics claim that they are
obsolete and cost too much money.
40 A Bold ProposalCharif Souki, the chairman and chief executive of Cheniere
Energy, built a huge terminal to import gas into the US.
Now, he plans to use it to export gas as local prices tumble
due to oversupply.
44 China’s African FocusA million Chinese, from engineers to chefs, have moved
to work in Africa in the past decade. This trade boom has
changed lives on a global scale.
48 Back from the BrinkRachel Ashwell had a turbulent time during the global
financial crisis and had to file for Chapter 11 bankruptcy.
But now her Shabby Chic range is bouncing back.
52 Inspiring GrowthGujarat’s annual 11 per cent gross domestic product growth
Cover Story
This issueApril 2011
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30 A New MonopolyThere’s no cheating in the computerised version of
Monopoly. Hasbro, the maker of the game, says people
don’t want to read rules but simply play. Critics say it takes
all the fun out of the game.
is outstripping the rest of India. Many believe that the chief
minister of the state, Narendra Modi, is behind this success.
56 Wiki’s Gender GapWikipedia has hundreds of thousands of contributors, but
less than 15 per cent of them are women. The reason why
men outnumber women on the site runs far deeper than
Wikipedia.
60 Tough TaskTina Brown, the renowned former editor of The New Yorker,
Vanity Fair and Talk, has been given the task of turning
Newsweek into a profitable magazine. That is a lot to ask
according to media insiders.
24 New Age Business
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7-8 Contents.indd 7 3/21/11 2:00:33 PM
11 NotebookWorld business in a nutshell.
17 ObserverSpotting and analysing business trends.
22 Column: Thomas L. FriedmanSerious in Singapore
PortfolioExclusive to Emirates First Class and Business Class
8
Departments
Essentials65 Riding the Dragon
Hoi An’s temples, pagodas, markets, food and people
ensure that you get all the best of Vietnam in one tiny
place – an opinion shared by UNESCO who put it on
their World Heritage List for precisely that reason.
70 The Super Concierge
When it comes to getting exactly want you want, without
having to lift a finger, Indispensable is the worldwide
answer. The man providing the global magic is the savvy
Concetto Marletta.
74 Message In a Bottle
Every year, billions of empty water bottles end up in
landfills around the world. The little Australian town of
Bundanoon has totally banned the selling of bottled
water, and the idea is catching on.
78 The Sound of Free Scores
The Internet Music Score Library Project is the world’s
largest free source of musical scores. Like many other
similar sites, it has ignited copyright concerns and is
challenging traditional business models.
82 An Unhealthy Legacy?
The promise by the 2012 organisers to get two million
more English people involved in sport has faltered. But
that’s not the first time the Olympic legacy has not lived
up to its billing.
86 On Patrol The new Nissan Patrol offers all the luxury while
maintaining its solid off-road credentials. Just don’t
push the accelerator too hard.
88 Other Business Portfolio takes a light-hearted look at the latest
business news.
Portfolio
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Editor-in-Chief Obaid Humaid Al Tayer Group Editor & Managing Partner Ian Fairservice Group Senior Editor Gina Johnson Senior Editor Guido Duken Editorial Assistant Hilda D’Souza Art Director Tarak Parekh General Manager Production & Circulation S Sasidharan Production Manager C Sudhakar Senior Advertisement Manager Jaya Balakrishnan Email: [email protected] General Manager – Group Sales Anthony Milne Email: [email protected] Business Development Manager Nicola Hudson Advertisement Manager Rameshwar Nepali
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April 2011
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NotebookBUSINESS NEWS IN BRIEF
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Chinese Player Targets Global Aviation
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N u m b e r s G a m e
$8 billion is the hefty fine slapped on Chevron over contamination in the Amazon. The Ecuadorian judge
ruled that the oil giant was responsible for widespread damage of the country’s Amazon basin through its oil drilling.
1,000 Irish emigrate
every week
according to a recent survey
done by the Economic and
Social Research Institute. The
numbers include many young
graduates trying to find jobs.
¤3.7 billion is the top
price LVMH, the
world’s leading luxury brand
company, has agreed to pay
for 50.4 per cent of Italy’s
Bulgari brand. Paying a
premium of almost 60 per cent
for the high-end watches and
jewellery maker, LVMH aims
to tap surging demand from
emerging markets.
$1.1 trillion in deficit
savings over the next
decade has been projected
in President Obama’s $3.7
trillion budget-plan for 2012.
hosted 20,000 guests, a Bell
helicopter as dowry, a 100-
dish menu, and a gracious
$5,000 tip to the groom’s
barber. The ostentatious
display by the couple Lalit
Tanwar and Yogita Jaunapuria
has drawn flak from Indian
media and political circles.
1,600km/h vehicle goes into construction
as the design for the
world’s fastest car receives
the nod. The British car,
named Bloodhound, will be
powered by a Eurofighter-
Typhoon jet engine bolted
above a hybrid rocket.
Toyota Aims for
In FiguresThe World
The projected savings will be
generated through spending
cuts in federal programmes,
a freeze on discretionary
spending and resurrecting
a series of tax increases.
$1.15 million was the
handsome price
paid by a collector in Hong Kong
for a set of four Chinese stamps
from the Cultural Revolution era
at an auction.
$55 million was splashed
out at a lavish
Indian wedding celebration that
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LVMH Moet Hennessy Louis Vuitton chairman and CEO Bernard Arnault
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April 2011
13Notebook
South Africa’s White Elephants?
Dominance
Targeting Affordable Homes
China is spending $200 billion on low-cost homes.
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14 Notebook
Sound Investment
Activist Buys McDonald's Chain
Ceramic tile prices are set to rise in
Europe after the European Union (EU)
said it would introduce heavy duties on
imports from China.
In an effort to put an end to what it
says is illegal dumping, the EU said it
would impose duties of up to 73 per
cent. China exports tiles worth €275
million ($385 million) to Europe per year,
according to the EU.
EU industry “is suffering material
injury because of the effects of dumped
imports”, the EU said in a statement.
Initially the duties will stay in place for six
months, though they could be extended
for five years.
Europe’s ceramic tiles industry is
the world’s largest after China’s.
Companies that operate in the European
Union have seen their profit margins
squeezed as a result of Chinese
producers undercutting their prices,
according to the European Ceramic
Tile Manufacturers’ Federation.
EU Taxes Chinese Tiles
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ObserverBUSINESS NEWS IN BRIEF
The Future of ComputingExperts have warned that computers will soon hit a wall where exponential improvements will stop. Now the search is on for the next big step that will make computers more powerful and use less energy, reports John Markoff.
17-18 Observer-Opener.indd 17 3/20/11 4:45:20 PM
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Parthasarathy Ranganathan, a Hewlett-Packard electrical engineer, with a prototype data centre known as an exascale processor.
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April 2011
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MOST EXPENSIVE PAINTINGS
Rank Name Title Price
1. Jackson Pollock Number 5, 1948 $140 million
2. Willem De Kooning Woman III $137.5 million
3. Gustav Klimt Adele Bloch-bauer I $135 million
4. Pablo Picasso Nude, Green Leaves and Bust $106.5 million
5. Pablo Picasso Garçon a la pipe $104.1 million
6. Andy Warhol Eight Elvises $100 million
7. Pablo Picasso Dora Maar au chat $95.2 million
8. Titian Diana and Actaeon $91 million
9. Gustav Klimt Adele Bloch-bauer II $87.9 million
10. Francis Bacon Tryptich 1 $86.3 million
HIGHEST-PAID AUTHORS
Rank Name Earnings
1. James Patterson $70 million
2. Stephenie Meyer $40 million
3. Stephen King $34 million
4. Danielle Steele $32 million
5. Ken Follett $20 million
6. Dean Koontz $18 million
7. Jean Evanovich $16 million
8. John Grisham $15 million
9. Nicholas Sparks $14 million
10. JK Rowling $ 10 million
HIGHEST-EARNING MUSICIANS
Rank Band Name Earnings
1. U2 $130 million
2. AC/DC $114 million
3. Beyonce Knowles $87 million
4. Bruce Springsteen $70 million
5. Britney Spears $64 million
6. Jay-Z $63 million
7. Lady Gaga $62 million
8. Madonna $58 million
9. Kenny Chesney $50 million
10. Black Eyed Peas $48 million
The World
Top 10
Counting the Cost
SOURCE: THEARTWOLF.COM
SOURCE: FORBES
SOURCE: FORBES
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Zimbabwe, Indian firm Sign Steel Deal
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Sony’s New ChallengerSony’s chairman Howard Stringer’s decision to make Kazuo Hirai his top lieutenant signals the company will accelerate plans to marry its content with hardware after its products lost ground to Apple and Samsung Electronics.
In naming the 50-year-old executive to oversee all of Sony’s consumer electronics, Stringer picked the only one of the ‘Four Musketeers’ he’s been grooming who isn’t an engineer by trade. Hirai, who’s fluent in Japanese and English, was also the youngest musketeer.
The promotion will test the games chief’s ability to carry out Stringer’s vision to integrate Sony’s TVs and computers with content from the entertainment businesses. After the Walkman’s domination of portable players in the 1980s, Tokyo-based
Sony lost against Apple with the iPod, failed to fend off Samsung in TVs, while Nintendo took the lead in video-game consoles.
Hirai will head a newly created group that combines all of Sony’s consumer electronics and network services from April 1. He will also be responsible for sales and marketing, common software platforms and design operations, according to Sony.
The company cited Hirai’s ability to turn around the PlayStation games division for promoting him to the expanded role. Sony reported third-quarter earnings that exceeded analysts’ estimates after the PlayStation games division’s profit more than doubled. That cushioned a slump in TV prices, which had also eroded earnings at Samsung and Panasonic.
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April 2011
Observer 21
Banks Need Capital O N E 2 W A T C H
Having spent three years searching for a CEO, Sears Holdings
Corporation appears to have struck the desired balance with
high tech and retailing by appointing tech executive Lou
D’Ambrosio. The former CEO of telecom giant Avaya was
noted for successfully leading Avaya through a going private
transaction that effectively resulted in higher earnings for the
company. He has also completed a 16 years stint at IBM, thus
bringing with him a wealth of technological expertise.
Sears’ board sees great opportunity in tapping D’Ambrosio’s
deep understanding of the telecom industry, which can be
applied to giving the company a bigger online presence by
revamping its stores and upgrading its technology. In targeting
the rapidly growing market of tech savvy shoppers, Sears
is working on launching commerce-enabled applications
on smartphones, PCs and tablets to broadcast deals to
shoppers looking to save time, energy and money. With
this technological capability the 125-year-old Sears Holding
is attempting to set itself apart from competitors including
Penney’s, Target Corp and Macy’s.
D’Ambrosio, 46, faces the immediate challenge to halt the
financial losses of the beleaguered company whose revenues
have been declining every year since it merged with Kmart in
2005. Will the MBA from Harvard Business School prove to
be the new blood the troubled company so urgently needs to
plug its losses? Investors and market analysts will be keeping
a keen watch in the coming months.
TEXT: HILDA D’SOUZA
Lou D’Ambrosio
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Singapore is making a big push to expand its biotech industries. The country thrives on high-end manufacturing, services and exports.
22 Column.indd 22 3/20/11 4:48:43 PM
A R A C I N G M A C H I N E O N T H E W R I S T
www.richardmille.com
CALIBER RM 011 FELIPE MASSA
FLYBACK CHRONOGRAPH
Skeletonized, automatic winding chronograph movement
Annular calendar with oversize date and month indicator
12-hour totalizer60-minute countdown timer
Chronograph flyback functionHand ground titanium baseplate and bridges
Rotor with ceramic ball bearingsSpecial tungsten-cobalt alloy rotor weight
6-positional, variable rotor geometry with 18-carat white gold wings
Balance wheel in Glucydur with 3 armsFrequency : 28 800 vph (4Hz)
Moment of inertia : 4,8 mg.cm262 Jewels
Incabloc for bottom plate and balance cockWater resistant to 50 meters
Finished and polished by handCentral caseband in titanium with (front and back) bezels
in titanium or 18-carat red or white gold
wol
koff-
arno
din.
com
24D_RM011_Seddiqi_Portfolio_206x270.indd 1 3/15/11 10:52 AM
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NEW AGEBUSINESS
The $315 million sale of the Huffington Post to AOL is a great deal for its founder – but what about the unpaid bloggers who made it a success? That’s just one of the many contradictions that characterise
Arianna Huffington, reports Hadley Freeman.
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Arianna Huffington founded The Huffington Post, a popular news website. She has also authored several books and is a respected columnist.
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“As a journalistic enterprise, our commitment is to pursue the truth, we’re not doing advocacy, we’re not cheerleading for any particular party, and that for me is where Huffington Post was and where we’ll continue to be.”
On February 7, 2011, AOL announced it would acquire The Huffington Post for $315 million and make Huffington president and editor-in-chief of The Huffington Post Media Group, which will include The Huffington Post and existing AOL properties.
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“Huffington also makes her usual rebuttal that the Huffington Post gives bloggers ‘a platform’, and that by merging with AOL this platform will be even higher.”
Tim Armstrong, chief executive officer of AOL, left, and Huffington at AOL’s headquarters in New York.
Huffington has written 13 books, including Maria Callas – The Woman Behind the Legend, and a biography of Pablo Picasso, Picasso: Creator and Destroyer.
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“No question, she looked like a hard employer, and, like her news coverage, her demands seem to be 24/7. But her staff is clearly devoted to her and I saw most of those who were at the rally in her office last week, all still muttering her name with reverence.”
In 2009, Huffington was named as number 12 in Forbes’ first-ever list of the Most Influential Women In Media. She has also moved up to number 42 in The Guardian’s Top 100 in Media List.
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There’s no cheating in the computerised version of Monopoly that goes on sale later this year. Hasbro, the maker of the game, says people don’t want to read rules but simply play. Critics say it takes all the fun of out of the game, reports Stephanie Clifford.
A NEW MONOPOLY
Y
30-32 Monopoly.indd 30 3/20/11 4:51:30 PM
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There’s no cheating in the computerised version of Monopoly that goes on sale later this year. Hasbro, the maker of the game, says people don’t want to read rules but simply play. Critics say it takes all the fun of out of the game, reports Stephanie Clifford.
A NEW MONOPOLY
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In the new version of Monopoly, the game’s pastel-coloured bills and the designated banker have been banished, along with other old-fashioned elements of the game, in favour of a computer and virtual accounts.
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In Monopoly Live an infrared tower with speakers issues orders and dictates the speed of the game.
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There’s no money to handle in Monopoly Live, instead players have ‘bank cards’ that are inserted into slots to check account balances.
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Switzerland’s mountains are peppered with carefully concealed military bunkers. They were built to protect the country’s sovereignty, but critics claim that they are obsolete and cost too much money, reports Christopher Solomon.
NEW USES FOR OLD BUNKERS
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This former military bunker near Gstaad has been leased from the Swiss military and now houses a server farm.
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Butler Ruedi Gasser gets ready for work in the Zero-Star-Hotel, which is housed in a military bunker near the town of Sevelen.
Christoph Oswald is one of the entrepreneurs behind the Swiss Fort Knox, a data farm.
50 MILES5 ILE050 ILEIIII
SWITZERLAND
GERMANY
AUS.
FRANCE
ITALY
Geneva
Zurich
Gstaad
N.Y. Times News ServiceDate: 01/25/11Graphic Slug: BUNKERS-SOLOMON-NSPRSize: 1.8 x 1.9With Story: (BC--BUNKERS-SOLOMON-NSP
The New York Times
“Today, as a neutral country with no immediate threats to its borders, Switzerland is undergoing a prolonged soul-searching over the role of its military, including the need for the bunker system.”
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34-38 Swiss Bunkers.indd 36 3/20/11 4:53:14 PM
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127843_206x270_e_K_Falcon_Portfolio 1 01.03.11 17:07
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Up to 36,000 Raclette cave-aged cheeses are stored in a former bunker. The Swiss military is looking for more tenants.
The Swiss Alps are riddled with bunkers that cost millions to upkeep. Ironically, closing them is even more expensive.
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A Bold Proposal
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Charif Souki, the chairman and chief executive of Cheniere Energy, built a huge terminal to import gas into the US. Now, he plans to use it to export gas as local prices tumble due to oversupply, reports Clifford Krauss.
Charif Souki, the CEO of Cheniere Energy, has seen share prices tumble as new drilling techniques have created a gas glut in the US.
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The Cheniere Energy terminal was meant to unload
30 tankers a month, but last year it only received 12.
Steve Dgat, left, and Travis Trahan, load a tanker with liquefied natural gas, also known as LNG, from the control room at the Cheniere Energy LNG terminal near Sabine Pass, Louisiana.
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Souki is trying to profitably export cheap American natural gas to Europe and Asia, where prices are roughly twice as high. If he can obtain the necessary regulatory approval and financing, he may be able to start exporting gas as early as 2015.
40-42 Gas Export.indd 42 3/20/11 4:54:22 PM
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A million Chinese people, from engineers to chefs, have moved to work in Africa in the past decade. This trade boom has changed lives on a global scale, reports Xan Rice.
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South African President Jacob Zuma (L) shakes hands with his Chinese counterpart Hu Jintao. South Africa, the continent’s largest economy, has strong trade ties with China.
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Chinese companies are involved in major infrastructure projects across Africa. Here a new highway is being built between the Kenyan capital Nairobi and Thika.
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“In Kenya, home to up to 15,000 Chinese, the main problem for some of the early migrants was a mistrust of their goods.”
Last year trade between China and Africa was estimated at $100 billion. Raw materials are exported to China and finished goods travel back.
Chinese contractors are competing with Portuguese and Brazilian firms in the rebuilding of Luanda, Angola’s capital.
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Ret
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Rachel Ashwell had a turbulent time during the global financial crisis and had to file for Chapter 11 bankruptcy. But now her Shabby Chic range is bouncing back, reports Antonella Gambotto-Burke.
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Style does not have to cost money. Ashwell believes a cheap work of art has as much impact as an expensive item.
Ashwell’s design style combines practicality, character, and a bit of sophistication. She believes in the beauty of imperfection.
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Above and left: Ashwell has expanded her product line to include home textiles; new furniture that resembles restored pieces; baby bedding and accessories; and accessory items such as chair pads and lampshades.
“I have never in my life owed a penny. I ran my company debt free for 18 years. The very concept of being a flea market shopper entails that you don’t have anything on credit.”
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Ashwell began her career as a set designer. Every house she lives in is a Shabby Chic showpiece that features in her books. The house itself is also for sale.
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Inspiring GrowthGujarat’s annual 11 per cent gross domestic product growth is outstripping the rest of India. Many believe that the chief minister of the state, Narendra Modi, is behind this success, reports Heather Timmons.
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Narendra Modi, chief minister of Gujarat, is credited with the Indian state’s economic boom.
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The Canadian heavy machinery company Bombardier got a factory up and running in 18 months, which is a testimony to Gujarat’s business-friendly approach. The factory supplies subway cars to the New Delhi metro.
“When people find an effective politician who can make things happen on the ground, they are willing to ignore the character flaws.”
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“Modi uses a chief executive style of managing the bureaucrats who work under him, according to associates and business executives in Gujarat.”
Gujarat works hard to attract investment and often beats the challenge of other Indian states. The Tata Nano plant, which opened last year, has the capacity to manufacture 250,000 units annually.
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Wikipedia has hundreds of thousands of contributors, but less than 15 per cent of them are women. The reason why men outnumber women on the site run far deeper than Wikipedia, reports Noam Cohen.
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Sue Gardner has set a goal to raise the share of women contributors to Wikipedia from around 13 per cent to 25 per cent.
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Wikipedia has hundreds of thousands of contributors, but less than 15 per cent of them are women. The reason why men outnumber women on the site run far deeper than Wikipedia, reports Noam Cohen.
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Sue Gardner has set a goal to raise the share of women contributors to Wikipedia from around 13 per cent to 25 per cent.
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This illustration shows how articles on Wikipedia are grouped around certain subjects. The low number of women contributors means that some subjects lack coverage.
“According to a recent Pew survey, the percentage of all American adults who use the site to look for information increased to 42 per cent in May 2010, from 25 per cent in February 2007. This translates to 53 per cent of adults who regularly use the internet.”
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Gardner, the executive director of the Wikimedia Foundation, with contributor James Owen.
“The big problem is that the current Wikipedia community is what came about by letting things develop naturally – trying to influence it in another direction is no longer the easiest path, and requires conscious effort to change.”
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Tina Brown, the renowned former editor of The New Yorker, Vanity Fair and Talk, has been given the task of turning Newsweek into a profitable magazine. That is a lot to ask according to media insiders, reports Jeremy Peters.
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Tina Brown has the task of taking two money-losing operations and combining
them into one profitable enterprise.Inset: Redesigned cover of Newsweek
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Brown is known for her energetic approach and unyielding focus on quality. According to her the new Newsweek has to be both seductive and serious.
“You have to basically make the assumption that they have absolutely no interest in you whatsoever,” she said. “There is so little attention to spare, you have to make sure that where their window of attention is open, you’re in.”
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Media analysts are wondering whether Newsweek can be turned around. Ad pages dropped 59 per cent last year.
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OUT OF SEVERAL MILLION CASKS OF MATURING
SCOTCH WHISKY AVAILABLE TO JOHNNIE WALKER,
OUR MASTER BLENDER DEEMS ONLY A VERY SMALL
NUMBER OF THEM TO POSSESS THE EXCEPTIONAL
FLAVOURS AND PROPERTIES REQUIRED FOR BLUE LABEL.
THE REWARD IS A POWERFUL BLEND THAT IS RICH,
COMPLEX AND MAGNIFICENTLY DISTINCTIVE.
NOTHING ELSE COMES CLOSE.
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65 Essentials
Travel
RIDING THE DRAGONHoi An is one of those places where you sigh with gratitude for its existence and promptly relax. Its temples, pagodas, markets, food and people ensure that you get all the best of Vietnam in one tiny place – an opinion shared by UNESCO who put it on their World Heritage List for precisely that reason, reports Hans Kemp.
EssentialsTHE BEST OF LEISURE AND LIFESTYLE
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Travel
Hoi An became an important centre of commerce in the 17th century thanks to the Tu Bon river, which was navigable by big ships. Today, the river is much smaller due to siltation.
Many of Hoi An’s citizens can trace their ancestry back to Chinese traders who flocked to the trading port three centuries ago.
The Japanese Bridge is one of Hoi An’s main attractions. It is the only Japanese-style building left in the city.
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Hoi An’s market, as in every Vietnamese town, is the centre of commerce.
Hoi An’s citizens of Chinese descent hold an annual ceremony to honour their ancestors. The ‘donations’ collected at these gatherings have kept many of Hoi An’s traditional buildings from crumbling.
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Hoi An’s market, as in every Vietnamese town, is the centre of commerce.
Hoi An’s citizens of Chinese descent hold an annual ceremony to honour their ancestors. The ‘donations’ collected at these gatherings have kept many of Hoi An’s traditional buildings from crumbling.
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Cao Lau, a large bowl of noodles served with slices of roasted meat, is the local specialty.
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Chinese influences can be seen throughout town both inside and outside the temples, houses, and ancestral halls.
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When it comes to getting exactly what you want, without having to lift a finger except to move it a few times over your BlackBerry keys, Indispensable is the worldwide answer. The man providing the global magic is the savvy Concetto Marletta, reports Scott Adams.
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Marletta learnt the tricks of his trade working as a concierge in London’s best hotels.
“The high-profile guests also discovered
very early on that Concerto’s personal qualities of sincere warmth, discretion and professionalism
were what made their time in the hotel so
hassle free.”
Marletta is so indispensable that he has a unique working arrangement with London’s The Dorchester hotel. He has retained his role as Guest Relation’s Manager and runs his own business.
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“Such is their dedication to this remarkable man that, when he transferred in 1998 to the Mandarin Oriental hotel on Hyde Park in London, many of his clients moved with him so as not to lose his services.”
Marletta has even managed to get two seats at the Academy Awards for a wealthy client.
If you want front row seats at a Versace haute couture show in Milan, Marletta can make it happen.
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Marletta has one of the world's most famous 'little black books' that allows him to look after the needs of his Indispensable clients.
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MESSAGE IN A BOTTLEEvery year, billions of empty water bottles end up in landfills around the world. The little Australian town of Bundanoon has totally banned the selling of bottled water, and the idea is catching on, reports Graham Simmons.
In Bundanoon, Australia, new-style water stations have replaced bottled water.
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MESSAGE IN A BOTTLEEvery year, billions of empty water bottles end up in landfills around the world. The little Australian town of Bundanoon has totally banned the selling of bottled water, and the idea is catching on, reports Graham Simmons.
In Bundanoon, Australia, new-style water stations have replaced bottled water.
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“To get all the retailers on-side, we had to prove to them that they could do better by not selling bottled water,” says Kingston. “In fact, they found that they could make just as much money from the sale of refillable water bottles.”
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Bondi municipality has installed water stations all along the boardwalk of its famous beach.
Huw Kingston instigated the move to ban bottled water in Bundanoon.
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Clean water has meant the end of cholera in rural areas of Southern Africa.Councillor Christina Kirsch and daughter Carwyn take water from a public water station in Manly.
“The Bendigo Bank, for example, encourages staff to drink tap water instead of buying bottled water. Bottled water has a much higher carbon and water footprint than tap water and also costs 200 to 10,000 times more.”
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The Internet Music Score Library Project is the world’s largest free source of musical scores. Like many other similar sites, it has ignited
copyright concerns and is challenging traditional business models, reports Daniel Wakin.
THE SOUND OF FREE SCORES
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H“The score library project has turned classical music into the latest wrestling mat for conventional information purveyors – newspapers, book publishers, record companies – and the new digital forces, like Apple, e-book sellers, music-sharing sites and Guo, now a 24-year-old Harvard law student.”
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“Music publishers also suggest that the site’s warnings to avoid copyright violations amount to little more than a wink.”
Edward Guo, a former conservatory student, came up with the idea for the Internet Music Score Library Project during a bleak New England winter.
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“There a world of scores, at the library and in music shops, lay open to him. But the memory of musical deprivation remained strong, and the idea of a bank of digital scores took flight.”
The Internet Music Score Library Project works on the same principles as Wikipedia. It claims to have 85,000 scores.
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Children participate in a coaching session at an adiZone park in England. adiZones are developed and designed by adidas to inspire the local community to get involved in sport.
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The lasting legacy of most Olympics is an improved infrastructure and stadiums.
“Inadequate planning, a change in government, severe funding cutbacks to sports organisations and an apparent overestimation of the impact the Olympics can have on mass participation have all forced a rethinking of England’s Olympic legacy.”
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LOCOG chairman Sebastian Coe and the mayor of London, Boris Johnson, unveiled the Olympic rings at St Pancras station in March.
Although there has been an increase in people participating in sport, it is far from the promised two million.
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Chief executive of Sport England, Jennie Price, at the launch of the Mass Participation Legacy for the London 2012 Olympic and Paralympic Games.
“Physically active people may be enticed to become more active or to try a new sport, said Mike Weed, a professor of sport in society at Canterbury University. Those who were formerly active may be encouraged by the Olympics to renew their participation, he said. This is known as the demonstration effect.”
Dennis Kingston, 66, exercises at Hyde Park in London.
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ON PATROLThe new Nissan Patrol offers all the luxury while maintaining its solid off-road credentials. Just don’t push the accelerator too hard, reports Guido Duken.
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The Patrol has all the trimmings of a luxury SUV. Prices range from Dhs186,500 in the UAE to Dhs292,500 for the top-of-the-line Patrol LE.
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88 EssentialsOther Business
A Malaysian landlord was
shocked to find his double-
storey wooden house missing
while making his rent call.
Zuria Ali, 30, said he was
greeted by the sight of
scattered wood, a damaged
television set and 24 concrete
pillar holders when he went to
the site of his house in
Malaysia’s northern Perlis state
bordering Thailand.
“I had heard that my house
had vanished and was curious
to find out the truth,” Zuria said.
He lost his furniture, cutlery,
cupboards, a dining table and
a refrigerator and estimated his
losses to be about 30,000
ringgit ($10,000).
Zuria’s neighbour, Ah Kiung,
said he saw three men and a
trailer arriving at the house last
month. “I thought the three
were carrying out the
dismantling work on
instructions from the landlord,”
Ah Kiung said. “I did not
suspect anything until Zuria
asked me about it.”
Police confirmed receiving
a report about the ‘missing’
house.
WHERE’S MY HOUSE?
The Lights Go Down
‘Poor’ Millionaires
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