Thursday, January 26, 2012

Insight: Scottish separatists face tough independence battle (Reuters)

EDINBURGH, Scotland (Reuters) ? Holding court in Edinburgh castle surrounded by sabers and armor from centuries-old battles with the English, Scottish nationalist leader Alex Salmond sets out his plans to fight for freedom by the ballot box rather than the sword.

Peppering his arguments with references to Scotland's 18th century national poet Robert Burns, on whose birthday this week he

launched his referendum bid, Salmond portrayed the end of Scotland's 300-year union with a dominant England as inevitable, and the idea of a United Kingdom as anachronistic.

Having stolen a march on a complacent British political establishment last year by winning an overall majority in Scotland's devolved parliament, Scottish National Party (SNP) leader Salmond wants a referendum in 2014 that would allow a historic breakaway for the nation of 5.2 million.

The British government opposes the move and wants to force a swift vote before the canny Salmond can build momentum for change.

Salmond, a 57-year-old former oil industry economist, has a keen sense of history and symbolism.

He chose Edinburgh castle, a fortress that dominates the Scottish capital's skyline from its rocky perch on an extinct volcano, to sell his case to the international press.

"It was in this venue, Edinburgh castle, that the first ... old Scots parliament was held almost 900 years ago," Salmond said. The castle was also the site of numerous bloody battles between Scots and the English.

"It does stress the continuity of Scotland as a Scottish nation stretching back over 1,000 years of independence before the Acts of Union of 1707," he added, painting Scotland's place in the United Kingdom as a historic aberration.

Still, with support for outright independence running at 30 to 40 percent he has a tough battle ahead to convince skeptical Scots, of whom some have almost as many misgivings about Salmond as they do about independence.

The British government says only it has the right to give Salmond the power to hold a binding referendum, and then only with conditions, including on the questions asked. Government officials are due to meet Salmond to try to reach a compromise.

HIGH STAKES

At stake are British oil reserves in the North Sea to which Edinburgh is a gateway. Salmond claims Scotland is entitled to 90 percent of them.

Debates over how Britain would divide up its debt and its military and what it would do with its nuclear weapons, currently based in Scotland but which the SNP vows would have no place there after independence, are already bitter and fraught.

Britain also faces a loss of political and economic clout, while the loss of Scotland would redraw the political map, ironically to the advantage of Prime Minister David Cameron's Conservatives, who are almost extinct north of the border but oppose independence.

Other European countries with separatist movements, such as Spain, are watching Scotland's progress closely.

For Salmond and the SNP, independence is about equality and fulfilling Scotland's potential. Scotland deserves to have equal status among world nations, and while doing well economically now, it would do much better alone, the SNP says.

A separate Scotland would have more power to improve its economy and would be able to better argue its case in the European Union. It would control where it sends soldiers to fight, say party officials who consider the Iraq war illegal.

"We will be able to make Scotland the country we all know it can be -- a wealthier, fairer nation," Salmond said on Wednesday.

He quoted Burns' famous poem on equality, "A Man's a Man for A' That", to mock members of the British parliament's upper house, the House of Lords, for, as he saw it, bossing Scotland about.

"The man of independent mind, he looks and laughs at a'that," he told Scotland's parliament on Wednesday.

UNIONIST & SEPARATIST ARGUMENTS

Salmond wants a ballot in late 2014, when he would be able to ride a wave of nationalist sentiment on the 700th anniversary of the historic Battle of Bannockburn, a victory over the English, and the more modern feel-good factor of hosting the Commonwealth Games and Ryder Cup sporting events.

The SNP leader has accused Cameron and other London-based parties of trying to "bully and intimidate" the Scots into an early vote, playing into a long-standing sense of Scottish irritation with their larger English neighbor.

"I'm leaning more towards independence mainly because of the actions of the Conservative government in Westminster," said Malcolm Jones, 47, an Edinburgh IT manager.

So far, unionist politicians appear uncoordinated and have done little to check Salmond's momentum. No unionist spokesperson has emerged among the Conservatives, Labour or Liberal Democrats, Britain's main political parties.

The SNP has portrayed their attempts to highlight the risks and disadvantages of Scottish independence as scaremongering and proof England thinks Scots are "too poor, too stupid, too peripheral" to stand alone, the SNP's campaign manager said.

Unionist politicians are now trying a different tack.

"What we have to do is make a positive case for Britain. I'm very clear that Scotland is better off in one of the most enduring and successful unions across the world," Scottish Conservative party leader Ruth Davidson told Reuters.

"We have to show that we walk taller, shout louder, stand firmer for being part of the United Kingdom .... most of Scotland agrees with me," she added, before going on to list Anglo-Scots military, scientific and cultural achievements.

Scottish Labour leader Johann Lamont wants to ensure Salmond, who led the SNP to a landslide election victory last May, does not assume the mantle of spokesman for Scotland.

"This is not a country oppressed by the English, seeking liberation, with Alex Salmond the man to do it," she said, speaking at the Scottish parliament at Holyrood, which faces Holyrood Palace, the British Queen's residence in Scotland.

The crowns of Scotland and England were unified in 1603 by a Scottish king, James VI, upon his accession to England's throne. The two countries' parliaments were unified about a century later by the Acts of Union in 1707.

SALMOND & BRAVEHEART

Some consider Salmond one of Britain's most talented politicians and Scotland's best advocate.

Others brand him a slippery demagogue set on exploiting old grievances between Scotland and England.

Even in Salmond's home town of Linlithgow in central Scotland, supporters of Salmond's cause are hard to find.

"I don't want independence. I don't like the SNP and I don't like Salmond. He's arrogant and smug," said retiree Fred Orr, 77, the first person interviewed by this reporter in Linlithgow, but voicing what were to become familiar misgivings.

"They say they got in with a big majority, but a big majority never voted. They're a flash in the pan," he added, speaking on a chilly day round the corner from ornate Linlithgow palace, birthplace of 16th century ruler Mary Queen of Scots.

Many Scots struggle to see how they are at a disadvantage within the United Kingdom.

Britain's previous Prime Minister Gordon Brown is Scottish, as is former finance minister Alistair Darling, while Brown's predecessor Tony Blair was born in Scotland and educated there. Current leader Cameron also has Scottish ancestry.

Scots, who represent about eight percent of Britain's population of 62 million, currently hold several key posts in the UK government and at many other British institutions, while the BBC has a dedicated Scottish Gaelic channel, BBC Alba, for the small minority of Scots who speak the language.

"Why should we be independent, apart from the Braveheart reason?," said Glasgow student Mungo Hay, 20, referring to a 1995 film about a 13th century warrior who fought for Scottish independence, stirring renewed interest in Scotland's history.

Some Scots feel they are getting a good deal out of a devolution arrangement that set up a Scottish parliament in 1999.

Scotland has its own legal system, and the Scottish parliament in Edinburgh has the power to legislate on a range of issues, including health, education and law and order.

In some areas, Scots fare better than other Britons, such as free university tuition for Scots at Scottish universities. Medical prescriptions are also free in Scotland, unlike England.

Salmond plans to continue to use Britain's sterling currency, but expects Scotland to control all decisions about debt and spending, raising the specter of a mismatch between fiscal and currency union that has contributed to the eurozone crisis.

Salmond also expects the Bank of England to remain Scotland's lender of last resort, bailing out Scottish banks if they hit trouble.

The problem for the SNP is that the British government, also citing experts, disputes almost every one of Salmond's claims, and much of the public is not convinced either.

"We find ourselves in a position where we have to balance up assertions from one group of politicians against those of another group of politicians," said Owen Kelly head of Scottish Financial Enterprise financial services industry body.

WHAT WOULD BURNS DO?

The SNP's push for independence has stirred misgivings among some who view the party as monopolizing Scottish identity.

Howie Nicholsby, an Edinburgh kiltmaker who has dressed stars including Robbie Williams and Lenny Kravitz, worries that the SNP's brand of nationalism may turn Scotland's welcoming, international outlook into a jingoistic, inward-looking one.

"There's plenty of room in the union to be a Scottish Brit. Or a British Scot. However you want it," he told Reuters at his 21st Century Kilts shop in central Edinburgh, speaking in front of a photo of his designs by fashion photographer Mario Testino.

Others, seeing the SNP plans to hold the referendum in the anniversary year of the Battle of Bannockburn, fear the SNP may be exploiting historical grievances with the English.

"I'm a bit worried by a split with England becoming inflammatory. I wouldn't like to see us becoming a nation of English haters," said Dumfries newsagent Steven Moodycliffe, 48.

Asked by Reuters whether Burns would have supported Scottish independence, Salmond said he thought the poet would have liked the idea of the referendum plan being launched on his birthday.

At the house in Dumfries in which Burns died and where he wrote some of his most memorable poetry, the museum attendant was not sure what Burns would have thought about independence.

"He was certainly a nationalist, but whether he wanted to be completely free I don't know," said Donald MacLachlan, who has worked at Dumfries museums for 25 years. "It all depends on the circumstances. Maybe Scotland couldn't have gone it alone in those days? Perhaps these days we can't either?"

When pressed, MacLachlan said that Burns probably would have backed the SNP's cause, unlike himself.

"The idea of independence is nice, but I don't think it's a good idea to split one big country into lots of smaller ones. From a nationalistic point of view it's good, but we all need a little help," he said.

(Reporting by Mohammed Abbas)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20120126/wl_nm/us_britain_scotland_independence

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Shinnorie Custom Cases Review

Shinnorie makes a line of gadget cases that have caught my eye before. ?I’ve told you before about their customizable cases for phones, iPad, and small leather card cases. ?I was selected to give a some of their cases a closer look. ?I requested three cases from their Ringo series; one for the iPad, one [...]

Source: http://the-gadgeteer.com/2012/01/24/shinnorie-custom-cases-review/

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Thursday, January 19, 2012

"Rift" maker Trion raises $85 million in new funding (Reuters)

(Reuters) ? Video game publisher Trion Worlds has raised $85 million in a new round of funding as the privately held company aims to expand to Asia this year and launch new titles, CEO Lars Buttler told Reuters on Thursday.

Trion, which makes the Internet fantasy game "Rift," has now raised more than $185 million since it was founded five years ago. The company is eyeing the public markets, and could join the recent wave of gaming IPOs such as Nexon and Zynga, Buttler said in an interview.

Ontario Teachers' Pension Plan, one of Canada's largest pension fund administrators with $110 billion in assets, led the round of funding, while the European media conglomerate, Bertelsmann, also participated. Previous investors in Trion are some of the best known media companies such as Comcast and Time Warner.

Buttler declined to say how much the company is valued at with these new investments.

"Rift" the company's first title, which came out last year, generated $100 million in revenue in 10 months in 2011. Lars said the game is profitable and makes money from players who buy the game, pay monthly subscription fees and purchase virtual items.

The game will be coming out in South Korea between April and June and China at a later date.

Buttler said the funding will serve as the company's "warchest" and it may be used for an acquisition or to licence a game.

Rift competes with "World of Warcraft," Activision Blizzard's massive multiplayer game with 10.3 million players but which has been in decline.

So-called massive multiplayer games allow thousands of people to play simultaneously over the Internet.

Trion, which is based in Silicon Valley, is also working on a new shooter game called "Defiance" that will be released to coincide with a television show of the same name on the Syfy Channel.

(Reporting By Liana B. Baker; Editing by Bernard Orr)

Source: http://us.rd.yahoo.com/dailynews/rss/videogames/*http%3A//news.yahoo.com/s/nm/20120119/tc_nm/us_trionworlds

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Financial Plan: Flint Union Contracts Under Review

A financial plan from Flint's state-appointed emergency manager says city employee union contracts are currently under review for possible renegotiation.
The Flint Journal reports that the plan includes Michael Brown's suggestions for reducing the city's projected $11.3 million deficit. A copy of the plan was released to the public Tuesday.
According to the plan, Brown wants to cut costs through "negotiated union contracts, consolidation and shared services." His next steps include restructuring collective bargaining agreements and reorganizing departments.
Flint Mayor Dayne Walling said in a statement that the proposals "highlight the need for greater cooperation."
Brown was appointed last year. He has broad authority to make changes in the financially troubled city, including the power to oversee city government and toss out union contracts in some situations.

Source: http://www.wilx.com/home/headlines/Financial_Plan_Flint_Union_Contracts_Under_Review_137555138.html

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Wednesday, January 18, 2012

Ireland's former richest person bankrupt

A famed entrepreneur who was once rated Ireland's richest person was declared bankrupt Monday as a bank pursues him for debts exceeding 2.1 billion euros ($2.7 billion).

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Lawyers for tycoon Sean Quinn withdrew his opposition to a Republic of Ireland bankruptcy order sought by the former Anglo Irish Bank, the reckless lender at the center of Ireland's calamitous property crash.

The bankruptcy judgment will force a thorough court investigation of Quinn's finances, which the bank hopes will reveal capital and assets that it can reclaim from Quinn, his wife and five children.

Quinn, 64, didn't attend Monday's court hearing. He issued a statement accusing the bank of pursuing "a personal vendetta" and declaring that the "judgment in no way improves Anglo's prospects of recovering money for the taxpayer."

Quinn had a reported 2007 net worth of 4.7 billion euros ($6 billion) but sank much of his fortune into Anglo months before the bank ? the most aggressive lender to Ireland's construction barons ? suffered crippling losses as the country's decade-long property bubble burst.

The Quinn family secretly built up to a 28 percent stake in Anglo shares using an ill-regulated financial instrument that hid the scale of their investment from other stockholders. As Anglo's share price plunged, Quinn says the bank encouraged his family to borrow hundreds of millions specifically to buy more Anglo stock, a charge the bank denies.

Ireland nationalized Anglo in 2009 to prevent its collapse, wiping out a Quinn family investment estimated at 2.8 billion euros. The government last year renamed Anglo as the Irish Bank Resolution Corp., or IBRC. Its bailout is expected to cost taxpayers 29 billion euros, a bill so great it overwhelmed Ireland's finances and forced the government last year to negotiate a humiliating loan pact with the European Union and International Monetary Fund.

Dublin Commercial Court Justice Elizabeth Dunne told Quinn's lawyer Gavin Simons that Quinn would have to appear in person in coming days to provide documents showing how much he's worth today.

Last week Quinn lost a Belfast legal battle to retain bankruptcy protection in the neighboring British territory of Northern Ireland. The judge there ruled that Quinn had misled a previous Belfast court that his main base of business was in Northern Ireland, rather than the Republic of Ireland.

"I never done a day's work from southern Ireland in my life," Quinn, who has lived for decades in the Republic of Ireland, insisted to reporters outside the Belfast court last week.

Dublin-based IBRC would have faced greater difficulty pursuing Quinn for debts in Northern Ireland. Quinn also could have returned to business within a year under U.K. bankruptcy law, whereas the Irish prevent bankrupts from holding company directorships for up to 12 years.

Quinn said the tougher Irish rules meant he would be too old ? 76 in the year 2024 ? to direct any new companies then.

"Anglo achieved their goal of ensuring that I will never create another job," he said of Monday's judgment.

Rags to riches
Quinn boasts one of Ireland's most celebrated rags-to-riches stories. He grew up on a border farm in Northern Ireland's County Fermanagh, left school barely literate at 14 and started his first construction-gravel business with a 100-pound ($150) bank loan.

Within three decades Quinn had transformed his quarry into a nationwide cement company. He built and bought luxury hotels, pubs, apartment complexes and commercial properties throughout Ireland, Britain, Eastern Europe and Asia; founded Ireland's third-largest insurance company; and took interests in glassworks, packaging and radiators.

In April 2011, IBRC seized ownership of his Irish-based Quinn Group, forced him and relatives off the board, and sold a majority stake in his insurance company to U.S. insurance company Liberty Mutual. In November, shortly after Quinn had secured a surprise bankruptcy-protection order in Belfast, the bank won Dublin court judgments totaling 2.16 billion euros ($2.7 billion) against Quinn.

A November affidavit from Quinn recorded he had less than 11,000 euros ($15,000) in cash in three bank accounts.

But the Quinns and IBRC are locked in several legal battles stretching from the British Virgin Islands to Cyprus over control of a commercial property empire spanning Britain, Russia, Ukraine, Turkey and India valued at more than 700 million euros.

The bank accuses Quinn of fraudulently shifting ownership of his foreign properties, including office blocks and shopping malls, to relatives and shell companies that remain under the Quinns' surreptitious control. The Quinns deny these charges.

His five children have filed a Dublin lawsuit against IBRC seeking to have the bulk of the family's Anglo borrowing voided on the grounds that the bank should never have lent them the money in the first place. They also are seeking to have IBRC return businesses to their ownership that were seized in April 2011.

Their lawsuit argues that Anglo misled them about the company's imminent danger of collapse and spurred them to commit market fraud by manipulating Anglo's share price. IBRC insists Anglo's loans to the Quinns were for much wider business reasons.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.msnbc.msn.com/id/46014885/ns/world_news-europe/

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Box Office Guru Wrapup: Contraband Steals Box Office Crown

Mark Wahlberg's action-thriller Contraband took control of the box office this weekend, while the latest Disney 3D re-release did relatively well and last weekend's champ crashed and burned in its second go around.

Giving off some good vibrations this weekend was Universal's Contraband, which opened with an estimated $24.1M this weekend from 2,863 playdates, for a per screen average of $8,418. Wahlberg is a surprisingly strong draw at the box office, with all of his wide releases over the last decade opening in the double digits. His box office history reminds me of a poor man's Denzel Washington, just without the accolades. Audiences dug the film as evidenced by its A- grade from Cinemascore.

Second place went to the 3D re-release Beauty and the Beast, which follows last year's huge re-release of The Lion King. Beast opened with $18.5M, according to estimates, for a per screen average of $7,044. It didn't quite reach the heights of The Lion King, which opened last September to $30.2M, but for a 20 year old film, it's still pretty strong, especially when you consider the 3D Blu-ray has been on sale for 3 months already. Beast also now holds the record for highest opening weekend for an animated film in January, taking down Hoodwinked from this weekend in 2006. If there's any company that knows how to milk their products for all they're worth, it's Disney. They've got Finding Nemo ready for 3D later this year.

Tom Cruise's latest impossible mission fell to number three this weekend, with Mission: Impossible - Ghost Protocol taking in $11.5M, according to estimates, a drop of 42% from last weekend. Its total now stands at $186.7M, with the $200M barrier ready to fall.

The musical notes of Joyful Noise opened in fourth place this weekend, with an estimated $11.3M, for a per screen average of a decent $4,148. Starring Dolly Parton and Queen Latifah, the film also received an A- from Cinemascore, meaning that it might have some legs over the next few weeks.

A franchise star arrived in the next spot. Robert Downey, Jr. (star of not one, but two current major franchises) landed in fifth place this week with Sherlock Holmes: A Game of Shadows which dipped 39% to an estimated $8.4M, bringing its cume to $170M after five weeks.

And the moment we've been waiting for... last weekend's shocking box office champ The Devil Inside completely collapsed in its second weekend tumbling 76.6% to an estimated $7.9M. The drop was one of the worst in box office history, which isn't surprising considering a) horror films generally are front-loaded and b) the reviews were downright horrible (which still may be too nice). Still, with a total take of $46.2M so far, Paramount is laughing all the way to the bank, and we can expect to see even more of these low budget, found footage films in the future.

Seventh place belonged to Craig, Daniel Craig and The Girl with the Dragon Tattoo which fell 40% to an estimated $6.8M, bringing its total up to $88M. Alvin and the Chipmunks: Chipwrecked followed in eighth place with an estimated $5.8M, a drop of 39% from last weekend, bringing its cume to $118.8M after five laps. Ninth place belonged to even more animals as the Steven Spielberg-directed War Horse brought in $5.6M, according to estimates, bringing its total up to $65.8M.

Meryl Streep's latest bid for a third Oscar, the Margaret Thatcher political drama The Iron Lady, did well in its nationwide expansion after two weeks of platform release. The Weinstein Co. title grossed an estimated $5.4M from 802 sites (up from 5) averaging a solid $6,716 per theater. It was almost identical to last weekend's expansion of another British political drama Tinker, Tailor, Soldier, Spy which debuted in 809 locations for a similar $6,772 average playing to an older upscale crowd.

The top ten films grossed an estimated $105.3M which was down 2% from last year when The Green Hornet opened in the top spot with $33.5M; and down 29% from 2010 when Avatar remained at number one with $42.8M in its fifth frame.

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Source: http://www.rottentomatoes.com/m/1924322/news/1924322/

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