AT A GLANCE: THE KEY POINTS IN THE BASEL 111 AGREEMENT

first_img More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Sunday 12 September 2010 11:31 pm whatsapp whatsapp TIER 1 CAPITALUnder Basel III, the Tier 1 capital ratio is pegged at six per cent, with core Tier 1 at 4.5 per cent.In January 2013, core Tier 1 will rise from 2 per cent to 3.5 per cent, with full phase-in of the Tier 1 rules to be completed by January 2015.Curbs announced in July on the use of deferred taxes and mortgage-servicing rights in Tier 1 capital will take full effect in January 2018.Existing state capital injections into banks can be kept until 2018.CAPITAL CONSERVATION BUFFERBasel III introduces a capital conservation buffer of 2.5 per cent that will sit on top of Tier 1 capital.Any bank whose capital ratio fails to stay above the buffer faces restrictions on payouts like dividends, share buybacks and bonuses.The new buffer will have to be composed of common equity, after the application of deductions like deferred taxes.The buffer will be phased in from January 2016 and will be fully effective in January 2019.COUNTERCYCLICAL CAPITAL BUFFERThis new buffer is set at 0 to 2.5 per cent of common equity or other full loss-absorbing capital.The aim of the buffer is to force banks to start building up such an extra buffer when supervisors see excessive credit in the system that threatens to spark loan losses later on. Banks would then tap the buffer to offset such losses without having to raise fresh capital immediately.DEFINITION OF CAPITALThis aims to improve the quantity and quality of capital. The predominant form of Tier 1 capital must be common equity and retained earnings.Banks can include deferred tax assets, mortgage-servicing rights and investments in finance institutions to an amount no more than 15 per cent of the common equity component.LEVERAGE RATIOThis aims to put a cap on build-up of leverage in the banking sector on a global basis for the first time.It will help to lessen the risk that eventual deleveraging could destabilise the sector, and introduce extra safeguards.The leverage ratio will be calculated in a comparable manner across jurisdictions, adjusting for any remaining differences in accountistandards. A trial leverage ratio of 3 per cent of Tier 1, or balance sheets cannot exceed 33 times Tier 1 capital, is to be trialled before a mandatory leverage ratio is introduced in January 2018.LIQUIDITYThe world’s first set of common liquidity requirements aims to ensure banks have enough liquid or cash-like assets to tide them through a very severe short-term shock and for less severe conditions in the medium to longer term.The short-term liquidity buffer is to be mostly sovereign debt but include high-quality corporate debt.A one-year horizon liquidity buffer, known as a net stable funding ratio, will be trialled and become mandatory in January 2018.RISK COVERAGEThese proposals aim to strengthen capital requirements for counterparty credit exposures arising from banks’ derivatives, repo and securities financing activities. There will be a risk weighting of one to three per cent on banks’ mark-to-market and collateral exposures to a central counterparty. The weighting on non-centrally cleared contracts will be higher. KCS-content Share Show Comments ▼ AT A GLANCE: THE KEY POINTS IN THE BASEL 111 AGREEMENT Tags: NULLlast_img read more

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Compass

first_imgThursday 30 September 2010 10:27 pm Show Comments ▼ KCS-content Tags: NULL whatsapp Compass More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Share COMPASS has come a long way since Turkey-Twizzler-gate. It is now the world’s largest food business, with operations in 50 countries and annual revenues of £13bn. According to yesterday’s numbers, things are going from strength to strength.Momentum is clearly on the firm’s side. Organic sales grew 0.4 per cent in the first half, and five per cent in the second. Revenues in the North American region, Compass’ biggest, grew by 5.5 per cent over the full-year, against 2.8 per cent in the first six months. Sales in Europe were flat, with trading particularly tough in the UK, but Brazil and Australia helped the rest of the world grow revenues by six per cent. The firm is also dripping in cash, with free cash flow of £650m and net debt of around £700m. It will likely move to a net cash position soon, leaving it free to return cash to shareholders or buy bolt-on targets.The global food services market, worth £200bn a year, is ripe for consolidation. Just 40 per cent is currently outsourced, and Compass has just seven per cent of the fragmented market, but at this rate, it will soon have much more. last_img read more

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Ralph Lauren ups sales forecasts

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Wednesday 10 November 2010 7:49 pm whatsapp RALPH Lauren reported a higher-than-expected quarterly profit yesterday and again raised its full-year sales outlook. The fashion company, whose brands include Polo, saw net revenue rise 11 per cent to $1.53bn (£0.9bn). It has benefited from a recovering demand for luxury items, as well as strong sales overseas. The most recent quarter is usually Polo’s strongest in wholesale as shipments are made ahead of Christmas. Company president Ralph Farah said: “We are encouraged by our current business momentum heading into the holiday season.” Ralph Lauren ups sales forecasts center_img whatsapp Share Show Comments ▼ KCS-content Tags: NULLlast_img read more

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3i boosted by manufacturing bounce back

first_img John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Share Private equity firm 3i Group said earnings at its portfolio companies grew strongly in the first half, underpinned by a manufacturing recovery and driving an increase in the value of its assets.The value of the group’s portfolio increased to 330 pence a share from 321p at the end March.Aggregate earnings across 3i’s buyouts portfolio grew by eight per cent between March and September, while its growth capital portfolio registered a seven per cent rise, both driven by a recovery in the industrials sector.In common with large parts of the private equity industry, which has spent much of the last two years protecting its companies from the downturn, 3i said it had made good process in increasing investment.3i, which recently reshaped its deal teams to hunt for deals by region, increased investments for the six months to the end of September to £327m from £190m a year ago.The group added French healthcare provider Vedici and calibration and measurement testing group Trescal in the period.Fierce competition for assets from rival private equity firms and strategic buyers and high prices is also providing a better environment for firms like 3i to sell companies.3i recently agreed the sale of German gas and diesel engine maker MWM to Caterpillar and is preparing German flexible joints maker Norma Group for a stock market listing. Thursday 11 November 2010 3:59 am whatsappcenter_img whatsapp 3i boosted by manufacturing bounce back Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Tags: NULLlast_img read more

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Provident ups sales despite benefit cuts

first_img Provident ups sales despite benefit cuts Wednesday 24 November 2010 9:05 pm whatsapp whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img Share Tags: NULL Show Comments ▼ SPECIALIST doorstep lender Provident Financial said yesterday it expected the impact of government spending cuts to have a modest impact on its customers.The lender said for the 12 weeks since the beginning of September its Home Credit sales were seven per cent ahead of sales for the same period a year ago.The company said this was due to an increased focus on selling credit to existing customers and what it believes to be “increased visibility on their household incomes”.The firm said the capping of benefits that a family can receive at around £500 per week would affect less than one per cent of its Home Credit customers who will also not be hurt by cuts to child benefit for the better off.It added capping of housing benefit would not have a significant impact on the small minority of Home Credit customers living in private rented accommodation and in receipt of benefits. It pointed out there was no change to social housing rents for existing tenants, which is relevant to almost half of the company’s customer base.Peter Crook, chief executive of Provident Financial, said continuing favourable trends for the business helped “reinforce management’s confidence of delivering a good result for the year.” last_img read more

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More credit for small UK businesses but housing market slump continues

first_img BANKS are increasing their lending to small businesses and expect to raise the availability of credit in the coming months, a Bank of England report revealed yesterday.Yet demand for mortgages is low and expected to keep falling, according to the credit conditions survey. And fears over falling house prices are preventing some lenders from increasing mortgage loans.“Significantly, the report indicates a continuing preference among lenders to steer away from higher risk loans,” said Simon Rubinsohn of the Royal Institute for Chartered Surveyors. “While the availability of finance for ‘low’ loan to value mortgages [75 per cent and less] has actually increased, it has contracted where smaller deposits are put down by borrowers,” he added.However, sales of properties worth over £500,000 are attracting higher loan to value mortgages, according to a separate survey by chartered surveyors e.surv.Overall, secured lending to households remained stable in the final quarter of 2010, the Bank’s report said. Unsecured credit fell slightly.Yet lending to small businesses crept up for the third consecutive quarter and banks say it will continue to rise.Last month the Bank expressed concern about low availability of credit. Lending to small business and individuals “has remained subdued even as economic activity has begun to recover. Weak lending is more likely to dampen the recovery than weak demand,” it said. whatsapp More credit for small UK businesses but housing market slump continues More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionNewArenaNFL Predictions For All 32 Teams This SeasonNewArenaFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles SkillThis Is Why People Were Intrigued With Prince Charles’ BroadcastArticles SkillSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictTotal Battle – Tactical Game OnlineThis Game Can Train Your Brain To Think StrategicallyTotal Battle – Tactical Game Online whatsappcenter_img KCS-content Share Thursday 6 January 2011 7:28 pm Show Comments ▼last_img read more

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BP suffers as leak shuts key pipeline

first_imgMonday 10 January 2011 8:21 pm BP SHARES slumped more than two per cent yesterday morning after the news at the weekend that the Trans-Alaska Pipeline is closed while a leak is repaired. BP has shut down 95 per cent of oil production linked to a pumping station at Alaska’s North Slope after a leak was found on Saturday. The 800-mile Trans-Alaska pipeline has been closed while repairs are carried out. The pipe normally carries 620,000 barrels per day, or nearly 12 per cent of US crude output, from North Slope to the Valdez port in the southern Alaska. BP shares recovered some losses throughout trading yesterday to close down 1.25 per cent at 486.35p. BP is the biggest shareholder in Alyeska, the company that runs the pipeline, while oil majors ExxonMobil and ConocoPhillips own smaller stakes. BP also operates 15 oil fields in northern Alaska, which rely on the pipeline for transportation. The shutdown helped push oil prices up more than one per cent yesterday.The Alaska Department of Environmental Conservation said yesterday there was no restart date planned for the pipeline, but that work to bypass the leaking pipe was ongoing. “Particularly for BP, it is really important to fix this quite soon,” said Hannes Loacker, oil analyst at Raiffaisen Bank International.“This company sold a lot of assets and it’s probably facing a small production decline.”•BP and the China National Offshore Oil Corp (CNOOC) signed an agreement on deepwater exploration in the South China Sea yesterday. A BP spokesman said it was a cooperation agreement with CNOOC to explore in block 43-11 in the South China Sea. whatsapp whatsapp BP suffers as leak shuts key pipeline Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap KCS-content Show Comments ▼ Share Tags: NULLlast_img read more

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Uniq figures up despite snow

first_img Share Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Wednesday 12 January 2011 7:57 pm Tags: NULL KCS-content center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo whatsapp Convenience food maker Uniq has announced that its Christmas trading was close to expectations despite bad weather. It also said that talks were continuing over a restructuring of its pension scheme and a new banking facility. The company is in discussions with the pensions regulator and its main trustee over its proposed deficit-for-equity swap. Uniq had a pension deficit of £436m at the end of March 2009, and was under threat of being wound down. Uniq figures up despite snow last_img read more

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Fiat and Chrysler boss revs up for controversy

first_img Show Comments ▼ Fiat and Chrysler boss revs up for controversy Share Sunday 6 February 2011 10:29 pm Tags: NULL whatsapp KCS-content center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com FIAT and Chrysler boss Sergio Marchionne caused a storm by saying he could move the firm’s headquarters from Turin to the US. He also said bail-out loans from the US carried “shyster rates.” He later said he regretted the comment. last_img read more

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The revolution will be beamed into your head

first_img Share KCS-content THE revolution is here and it won’t be televised. It will be beamed directly into your head. It will be everywhere you go, knowing what you are thinking, what you are wearing. It will probably be able to guess what you are going to do next, before even you know it. Welcome to “Gladvertising,” the latest weapon in the digital battlefield. It uses tiny cameras to scan your facial expression and tailor adverts to suit your mood. Its “face-tracking algorithm” can distinguish between six emotions: happy, angry, sad, fearful, surprised and disgusted. It’s certainly clever, but these six categories seem to imply a rather cynical breakdown of the human psyche. Of the six moods, at least four are negative (angry, sad, fearful and disgusted) and even surprise is questionable. Sure, a surprising event could be a nice party where your friends all jump out from behind the sofa, but it’s just as likely to be the bloke from down the road whipping open his trench-coat on a secluded pathway (an opportunity for a Crime Stoppers ad, perhaps).What adverts could you tailor to surprise? The number for a health-care clinic in the split second before a truck splatters you into the tarmac? For that matter, disgust doesn’t seem like the ideal emotion to associate with your product either. Maybe an advert for Clarks shoes appearing as you step in a particularly virulent pile of dog mess makes a twisted kind of sense but do you really want your product to be forever associated with the smell of faeces?And what if you just have a miserable face? Are you to be forever taunted with products designed to cheer you up, like sun drenched beaches and chocolate, when all you want is to find out where you can pick up a bottle of drain unblocker? Gladvertising isn’t the only major development heading our way in the digital realm. Ads will be beamed from the cloud onto bikes and phone books. They will know when it’s raining and offer you an umbrella, or try to sell you a car if you’re waiting at a bus stop. You will even be able to buy special sunglasses to project adverts onto anything you look at. The whole world will become a blank canvas. Look at a bottle of wine and Tesco can tell you whether it is on 3 for 2. A glance at Picasso’s Guernica might try to sell you a package holiday to Tenerife. Almost everything can be covered and there will be nowhere on earth it can’t reach you. The future is here, we just didn’t see it arrive.Nintendo 3ds testedNINTENDO’s hotly anticipated 3DS will finally arrive at the end of the month and I’ve been testing it out for the last week, during which time I haven’t put down (which raises some troubling questions I don’t feel comfortable answering here). The Japanese firm has a lot to prove, with critics saying it is fighting a losing battle against increasingly sophisticated mobile phones. Thankfully, they are wrong: the 3DS is brilliant. The pre installed software alone offers a tantalising glimpse of what it is capable of. The augmented reality software, which superimposes images over the inbuilt camera, making digital objects appear to be in the room with you, is bafflingly good. Within five minutes of firing it up I had my workmates’ heads flying around the office while I fired tennis balls at them (which, incidentally, is a recurring dream I’ve been having). Digital animations danced across my desk. It’s like a particularly vivid hallucination without the possibility of terrifying flashbacks. Launch titles will include Pilot Wings, which will lend itself perfectly to the console’s 3D capabilities, and Super Street Fighter IV, which you can play wirelessly against your mates. Add to this the prospect of a 3D re-issue of Ocarina of Time and you already have a roster of games worth shelling out for. The Wii changed the console world, paving the way for the PlayStation Move and the Xbox Kinect. The 3DS will do the same for hand-held gaming. Out 25 March, from £187 Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Show Comments ▼ Monday 14 March 2011 8:20 pm The revolution will be beamed into your head whatsapplast_img read more

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