Originally introduced in 1986, the Ford Taurus is set for a major technological makeover as the manufacturer turns to technology skimmed from the F22 fighter jet in a bid to make the updated Taurus one of the smartest cars around. The car will be fitted with radar devices, which will warn the driver if another car gets too close as well as a voice-activated navigation system, multi-contour seats with the ability to massage the driver to prevent tiredness and a surround-sound system. Ford was one of the few carmakers not to take a bailout from the US government or file for bankruptcy so its hoping this snazzy new forward looking Taurus will revive its fortunes.
Discontinued in 1990, the iconic Citroen 2CV was assumed consigned to the past, a dusty old relic of days gone by. However, following a revealing by the carmaker of an all new concept at the Frankfurt motor show it looks like the old model’s ghost might be returning. The new ‘concept’ has that raked bonnet and snail-shape profile that looks a lot like the old 2CV. Whilst the original 2CV, first produced in 1949 was technologically advanced but extremely utilitarian and economical, it’s unlikely that the new version will be built for the same budget as it’s likely to be gadget-filled and hi-tec.
You may have thought that carrots and potatoes were just for stews and chocolate was strictly for bad days and indulgences but these store cupboard essentials are being used in a new recycled racing car being premiered at Brands Hatch in Kent next month The car is powered by the carrots, built using potatoes and runs on fuel derived from chocolate waste and wine leftovers. The car’s chassis and the BMW diesel engine were salvaged from scrap so that the entire car is 100% recycled. Amazingly, it still has a top speed of 170mph and can go to 60mph from a standing start in around 2.5 seconds.
Launched in direct competition with MINI, this new luxury supermini, the Citroen DS3 has been eagerly awaited by fans of the French carmaker. The cute car is available with a number of personalization options including contrasting roof colours (just like the MINI) and a wide selection of engines, including the turbocharge of the flagship version. There’s also more options for making the car your own inside with the ability to choose the colour of the dashboard strip and the car boasts a bigger boot than the MINI Clubman and more rear legroom than the standard MINI. The engine comes in five formats including two 1.6-litre HDi diesels and three 1.6 petrols.
Goldman Sachs produced a stunning set of figures for the markets to get excited about. However this is not much to shout about really, although they would have you believe otherwise. Exploiting the gap in the market left by AIG and Lehman Brothers, Goldman sold a bucket load of various insurances and pocketed a huge profit in doing so.
You may ask why are these profits are not accounted for gradually, booked quarterly for the period of risk concerned? After all, insurance does have to pay out sometimes? Can you really take such large premiums and not put anything aside for a rainy day?
Well AIG liked to do business that way too. So lets be clear, these profits have not been made until all the contracts payment dates have passed and there can be no claims against the premiums paid. Until then yes you have a huge revenue (not profit!) on Day 1 but also an ongoing liability that may come home to roost.
http://www.bloomberg.com/apps/news?pid=20601170&refer=special_report&sid=aspN..hVXJC4
You may wonder why things are steadily improving for the banks while you the customer doesn’t see any cheaper mortgages or better savings rates. Well that’s because things are only improving in the murky world of accountancy.
Banks have been given free licence to price their assets however they like. If the numbers don’t look good using a mark to market model then just dream up any number that can reasonably be asserted. This has been going on for a while, juggling assets around to find the model that prices them best, well who wouldn’t?
However the recent free range make up whatever you like cobblers will no doubt bring some stunning results for banks as previously ‘undervalued assets’ are re-valued using the TCR (Total Cobblers Ruling). Of course what you are really doing is stealing more money and stating them as ‘profits’.
If you really want to know what these assets are worth, try selling them! It’s what’s known as a market, you sell, someone buys. Something is only worth what someone else is prepared to pay for it, you can’t just dream up numbers, well unless you are a bank it seems.
You want to see what these worthless pieces of shite are worth, then return all of the TARP money and opt out of the FDIC. Then you will see these banks for the zombies that they are, worthless pieces of shite, run by the worst form of human filth ever to walk the planet.
http://www.bloomberg.com/apps/news?pid=20601170&sid=aEU8ImZZ0LEM
The infectious greed that swept through the city for the last ten years cannot help itself. While the rest of us wonder how they have got away with it for so long, they are still demanding their last bonus due on their debt orgy. Seriously without the taxpayer bailing them out they wouldn’t have a job let alone a bonus.
Each bank in the UK has around 500 top players getting millions in bonuses each. Most of these bonuses have been generated by a massive collective fraud, something like hypnosis. If you dig a little under the surface you would find that the now ‘worthless assets’ have always been ‘worthless assest’, the book values given to these ‘worthless assests’ is just where some of the fraud is.I say let them sue, do some digging, and see what the jury will return.
http://www.independent.co.uk/news/business/comment/jeremy-warner/jeremy-warner-bankers-excesses-require-retribution-not-reviews-of-pay-1605496.html
I came across this Blog while looking at what is wrong with the country when it snows. This fellow has been compiling a list of things we are worst at (or top 3) in Europe from articles in the press. Thank you http://dinerouk.livejournal.com/
1.Unhealthiest
2.Fattest
3.Most litter
4.Most vandalised
5.Most fly-tipping
6.Most binge-drinkers
7.most congested roads
8.Shoplifting capital of the world!
9.Eat most processed (Junk) food
10.Most school leavers unable to read
11.Most spied-upon
12.Most bugs-ridden hospitals (at the moment)
13.Most feckless
14.Worst transport infrastructure
15.Most dog mess
16.Most street bookmakers
17.Most drugs available
18.Take least exercise
19.Unhappiest children
20.Worst trauma treatments
21.Worst child drug abuse
22.Most sexual diseases
23.3rd worst HIV cases
24.Worst Basic Pension
25.Most Shoplifting incidents
26.Most fast food
27.Worst educated
28.Most expensive public transport
29.Most expensive residential property
30.Most expensive dental care
31.Most crowded country
32.Most people not in Employment or Training (NEETS)
33.Longest working hours
34 Worst loss of unskilled workers to emigration
35.Shortest paid holiday entitlement
36.Most teenage murders
37.Most children coming from home dependent on benefits
38.3rd worst for recycling. Feb 2008
39.Most abortions?
40.Most Illiterate school leavers
41.Lowest quality of life for children (UNICEF)
42.Angriest children in Europe
43.Most attacks on Hospital/Ambulance Staff
44.Top breeding ground for terrorists
45.Most stupid, ill-mannered,drug-addicted, criminal, drunken and sexually incontinent girls in Europe.According to surveys?
45.Worst re-offending
46.Most under-age drinkers and drugs takers
47.Worst-educated in sexual matters
48.Most kids imprisoned
49.Most truants
50.Most promiscuous people.
51. Most violence in the schools
52. Worst at knowing other languages
53. Most women dying of Liver disease & Cancer
54.Death rates from smoking related causes are higher than the average for the whole of the EU
This is a good starting point, keep this list and add you own!
At last the use of the ‘D’ word. From recession to deep recession and now finally the acknowledgement of a depression. There are many who already think that the current economic situation is worse than the Great Depression.
See http://www.marketoracle.co.uk/Article7099.html for a great article.
Mr Brown’s slip of the tongue was not picked up on by David Cameron or for that matter any of the Conservative party during a heated debate in Parliament. It is just another example of the conservatives failing to make the most of this crisis. By now they should have forced a general election. There must be 30 Labour MP’s whom would think that their best chances to win an election are to take an election now rather than when unemployment is 3m. A vote of no confidence in Gordon Brown passing is not so unthinkable.
http://www.timesonline.co.uk/tol/news/politics/article5663645.ece




