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An independent view of the world seen from Tokelau

The Independent New York Times

Tokelau, Saturday, June 28, 2008 Weekend Edition, editor Sumpinein - contact sumpinein@gmail.com

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Samual Beckett portrait
by John Minihan, "the man who shot Beckett", so-called because of his uniquely personal, black-and-white portraits of the Irish playwright. Of the 20 works in this quiet side-show, part of the Celtic Heart Festival, the three of Beckett are magnetic character studies among more informal portraits of Irish writers. During Beckett's Waiting for Godot rehearsals at Riverside Studios in 1984, Minihan followed him into rehearsals - a tall, slender, aquiline figure, hands behind his back and one long thumb upturned - and produced close-up head shots revealing the elegant beauty and character in his extraordinary face; he even drew a slightly bemused smile. The unmistakable crest of badger hair frames small eyes as alert as a suspicious small mammal's, tuned to the mysteries of human existence. After rehearsals, Minihan stopped him outside, wrapped in a cool suede coat, satchel over one shoulder, and the writer projects a resigned smile onto a photographer almost as intense as his subject. A year later, Minihan's self-portrait on a Paris street while Waiting For Beckett, reveals the anxiety of hoping for the perfect shot. Like his portraits of Beckett, the image fits his credo: "Good photography is good literature."
Gore Vidal's novel published in 1948 was one of the first to speak openly of homosexulaity in the USA. Sixty years later this highly recommendable novel is still a good read even the the theme no longer shocks most Western minds.
'Death in Kovalam' by John Francis Kinsella   Tom Barton, a City mortgage broker, arrives in Kovalam, India, after abandoning his business in the wake of the subprime crisis. In his luxury hotel he meets Emma, the wife of Stephen Parkly, the CEO of a London bank, West Mercian Finance. Stephen Parkly falls gravely ill with a mysterious infection and is hospitalized in a local clinic.
The disease is diagnosed as cholera, panic sets in when tourists start to fall ill with the deadly infection, just as the tourist season is getting into full swing. TFor all details please contact: sumpinein@gmail.com
House prices 'won't recover until 2015' says UK expert
US central bank accused of unleashing an inflation shock that will rock financial markets, says London Daily Telegraph Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". "We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth."
Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5pc by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. If it hesitates, the bond markets will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility," said Mr Bond.
EURO2008

Germany and Spain for the final
Spanish players warm up in preparation for the final against German in the EURO 2008 final in Viennawhich will watched by hundreds of millions of fans the world over
Flag of Austria Austria
Flag of Switzerland Switzerland
Flag of Poland Poland
Flag of Portugal Portugal
Flag of Italy Italy
Flag of France France
Flag of Greece Greece
Flag of Turkey Turkey
Flag of the Czech Republic Czech Republic
Flag of Germany Germany
Flag of Croatia Croatia
Flag of Russia Russia
Flag of Spain Spain
Flag of Sweden Sweden
Flag of Romania Romania
Flag of the Netherlands Netherlands

The Independent New York Times will be pleased to receive your articles and comments. Please contact our editorial desk at the following address sumpinein@gmail.com and we shall endeavour to answer you promptly.

The Movement for the Emancipation of the Niger Delta has claimed responsibility for the attack on an oil platform in the Niger Delta. this little known militant indigenous people's movement is dedicated to armed struggle against the exploitation and oppression of the people of Niger Delta and the degradation of the natural environment by foreign multinational corporations involved in the extraction of oil in the Niger Delta and the Federal Government of Nigeria. MEND has been linked to many attacks on foreign owned petroleum companies in Nigeria
 
Rehearsal for Iran attack?
U.S. officials say Israel carried out a large military exercise this month that appeared to be a rehearsal for a potential bombing attack on Iran's nuclear facilities, The New York Times reported on Friday. Citing unidentified American officials, the newspaper said more than 100 Israeli F-16 and F-15 fighters took part in the manoeuvres over the eastern Mediterranean and Greece in the first week of June. It said the exercise appeared to be an effort to focus on long-range strikes and illustrates the seriousness with which Israel views Iran's nuclear program. 
A £4 billion masterplan to save London's Battersea Power Station before it collapses was unveiled today. The project includes a 1,000ft-high glass tower - taller than Canary Wharf - next to the instantly recognisable brick landmark. The Irish developers, the third owners of the power station since it was decommissioned in 1983, describe the scheme as "the most exciting real estate proposal ever to come forward in Britain." Its most radical element is the transparent canopy over the office development officially known as the Ecodome, but already dubbed "The Funnel". The Funnel, the brainchild of Uruguayan architect Rafael Vinoly, will be topped with a huge glass chimney and will provide its own "natural" air conditioning to the development, hugely reducing its electricity needs. If it gets the go ahead, the Funnel will be higher than any structure now standing in London when it is completed in 2019. It will tower above the 250m plus One Canada Square at Canary Wharf. The developers insist that the transparent dome, to be made of a similar material to that covering the Eden Project in Cornwall, is not a building but a "solar driven natural ventilation system," the biggest of its kind in the world. It will cover a 2.5 million square foot office development which will have only a third of the energy needs of conventional offices.

Will they both share the same fate? Today almost 100 years after the Titanic hit an iceberg the world's banking system is in perilous waters

The 2012 Olympics were plunged into a major cash crisis today as the firm building the athletes' village admitted it could not raise the money. Australian construction company Lend Lease said the credit crunch meant it could not find its £450 million share. It means that at least £200 million of public money is being poured in immediately to carry out work on the Stratford site. If the credit crunch continues the taxpayer could be landed with the entire £1 billion bill for the village. The Olympic Delivery Authority will almost certainly have to raid its £2.7 billion contingency fund.  The village will house 17,000 athletes and officials during the Olympics before being converted to 3,500 homes for rent or sale after the Games.

The Aral Sea is disappearing even faster than previously thought. Since the 1960s, the sea has been drying up as a result of poor management of irrigation channels that steal water from rivers feeding it. Once the area of Ireland, it is now a quarter that size and broken into two fragments - the North Aral Sea and South Aral Sea. Only the smaller North Aral has been earmarked for rescue and several dams to stem water loss from it have been build since the mid-1990s. Meanwhile, the South Aral has been abandoned, and as it dries up it is wreaking havoc on the environment. It is leaving behind vast salt plains, transforming the climate with hotter summers and colder winters, destroying what remains of local fisheries, and producing massive dust storms that spread disease. Peter Zavialov from the Shirshov Institute of Oceanology in Moscow and his team have completed the first hydrographic survey of the South Aral since the early 1990s. Zavialov's survey shows it has dropped to 30.5 metres, 3.5 metres more than predicted.
Echoes of Great Depression says The Times of London
Spot the bubble - Shanghai Composite Index 2004-2008 by Bloomberg 27 June. The main Chinese index is looking grim as it continues its long plunge as the Olympics approach. It's normal, after all who buys Chinese goods - the USA stupid!
The Dow Jones dived a further 350 points Thursday, giving America’s key economic benchmark its worst June performance since the Great Depression, as oil hit a record and analysts said that the fallout from the credit crunch was far from over. With crude hitting a new intraday high at $142.99 a barrel, the market grew increasingly worried about the impact of surging commodities prices on consumers.
Britain's biggest mortgage lender disclosed yesterday that it has almost £5 billion of problem home loans on its books as it gave a downbeat forecast for this year's housing market. HBOS predicted a 9 per cent fall in property prices this year, up from its previous predictions of a “mid-single digit” decline, and wrote down £100 million on its own investments in the troubled housebuilding sector. The price of a crude oil in New York barreled to a record of $139.64 as Libya threatened to cut its output and Chakib Khelil, the Opec president, said that oil could hit $170 a barrel over the summer if, as expected, the European Central Bank increases interest rates, in a move that would further depress the dollar.

ELECTION FARCE

Mandela rocks whilst Mugabe kills
Twenty years after massed superstars gathered at Wembley to demand his release from Robben Island jail, Mandela has made an extraordinary transition from anti-apartheid figurehead into a sort of quasi-Christ, in the meantime Mugabe continues with his election farce as one of the most dangerous dictators in Africa since Idi Amin the military dictator and the President of Uganda from 1971 to 1979 who took power in a military coup in January 1971. His rule was characterized by human rights abuses, political repression, ethnic persecution, extra-judicial killings and the expulsion of Asians from Uganda. The number of people killed as a result of his regime is unknown; estimates from human rights groups range from 100,000 to 500,000.
Is the Bradofr & Bingley about to plunge into a Northern Rock disaster situation?
People displaced by fighting in Abyei in southern Sudan wait for assistance and aid supplies in the village of Agok May 21, 2008. http://www.sudantribune.com
2008 is the 100th anniversary of the birth of Herbert von Karajan Peace talks make  progress between Israel and the Palestinian Hamas.