Friday, December 19, 2008
Wednesday, December 17, 2008
Tuesday, December 16, 2008
Friday, December 12, 2008
Thursday, December 11, 2008
Monday, December 8, 2008
Saturday, December 6, 2008
Thursday, December 4, 2008
Chief Executive Officer
Member of Congress
Wednesday, December 3, 2008
Tuesday, December 2, 2008
Monday, December 1, 2008
Friday, November 28, 2008
- approximately 80% of those questioned think that women are better drivers than men.
- a large majority thought that not keeping a safe distance is the biggest risk when driving.
- approximately 25% of all Germans admitted to not keeping a safe distance when driving .
- 41 % of Germans feel the safest on country roads.
- the largest proportion of fatal accidents in Germany happen on country roads.
Thursday, November 27, 2008
Wednesday, November 26, 2008
Tuesday, November 25, 2008
Monday, November 24, 2008
Friday, November 21, 2008
Thursday, November 20, 2008
Probably only a few interested people outside the UK will know that the Constitutional Reform Act 2005 decided to establish this court. It is supposed to commence work in October 2009, once work on the court building, the former Middlesex Guildhall (see picture) has been finalised.
The Supreme Court of the United Kingdom will take over the judicial functions of the House of Lords. These were normally not exercised by the entire House of Lords, but by the Lords of Appeal in Ordinary (the so-called Law Lords).
The new court will be the highest court of appeal for all questions of English, Welsh and northern Irish law. Whereas the same applies to civil law questions in Scotland, criminal matters there will remain to be decided by the High Court of Justiciary.
In addition the functions of the Judicial Committee of the Privy Council, which has been the last instance of appeal above the highest courts of some Commonwealth states, will also be transferred to the Supreme Court.
Initially the Lords of Appeal in Ordinary will be the Supreme Court judges. But in light of the fact that three of those will retire before the new court will commence its activities, the current application procedure has been initiated.
In addition to the question who will be the new judges there are many other formal issues that have not yet been decided. Whilst the organisational issues for broadcasts from the court are still under review, the laying of cables has created the necessary factual conditions for television and webcasts.
This, however, leads to other open questions about the formalities of the Supreme Court’s judgements. In addition to the facts of the case (not a standard so far) it is being considered that a summary of the decision should be given.
Another question: Who is supposed to write the judgement? In the current practise each of the Law Lords can write their own opinion which can contradict those of their colleagues and thereby confuse even professional lawyers. It is still being discussed, if in future only one of the judges should write the judgement found be the majority whilst the others would only given an opportunity to voice their differing views in a footnote or a statement after the judgement.
It also still needs to be determined how many and which judges will sit to hear what kind of cases. All this will have to be clarified and decided before the court is supposed to start working next year
Wednesday, November 19, 2008
Tuesday, November 18, 2008
Monday, November 17, 2008
Friday, November 14, 2008
Wednesday, November 12, 2008
The FSA has fined AWD Chase de Vere Wealth Management, a company that belongs to the large German AWD Group, £1.12m for recommending products to customers who already had sufficient pension provisions. The investigation also found that the customers were not always informed properly about the risks of the products. Full co-operation and an early settlement lead to a significant reduction of the fine, said an FSA enforcement officer. (via City A.M.)
Friday, November 7, 2008
Thursday, November 6, 2008
Wednesday, November 5, 2008
Tuesday, November 4, 2008
P.S.: No I don't get any benefits from them for mentioning the place.
The Times reported about a trial about the control over an aluminium smelter in Tajikistan that could cost up to GBP 90m. The Times states that there have only ever been two other commercial cases that have were more expensive.
Investigations by the Oversight Committee have shown that S&P's own analysts were not always convinced that their ratings were accurate. Have a look at these excertps of an S&P internal IM conversation:
Shannon Mooney: I know right ... model def does not capture half of the risk
Rahul Dilip Shah: we should not be rating it
Shannon Mooney: we rate every deal
Shannon Mooney: it could be structured by cows and we would rate it