48 Hours in Los Angeles

Got 48 hours in Los Angeles? Reuters correspondents with local knowledge help visitors make the most of the city:
FRIDAY
4 p.m. – Rent a convertible and head to the beach where Angelenos get an early start to the weekend. Santa Monica and Venice beaches offer not only safe swimming, but miles of paths for running, bicycling and inline skating.
Read the rest of this entry »

Chevron to face charges over Brazil spill

A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.
The filing in federal court in Campos, Brazil, will likely include a request for criminal indictment of George Buck, chief executive of Chevron’s Brazil
Read the rest of this entry »

Corruption scandal shakes Vatican as internal letters leaked

The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts.
The show “The Untouchables” on the respected private television network La 7 Wednesday night
Read the rest of this entry »

Six Million People Are Under Correctional Supervision in the U.S.—More Than Were in Stalin’s Gulags

A prison is a trap for catching time. Good reporting appears often about the inner life of the American prison, but the catch is that American prison life is mostly undramatic—the reported stories fail to grab us, because, for the most part, nothing happens. One day in the life of Ivan Denisovich is all you need to know about Ivan Denisovich, because the idea that anyone could live for a minute in such circumstances seems impossible;
Read the rest of this entry »

UK economy heads for recession

Britain’s economy may have entered a mild recession in the last three months of 2011, hampering the government’s core policy aim of spurring growth and raising the chances that the Bank of England will inject more cash soon.

Britain’s recovery from the 2008/2009 recession – the deepest since the depression-hit 1930s – has already been sluggish, and unemployment has crept up to a 17-year high as the government
Read the rest of this entry »

Soros Warns of Violent Riots In America, Financial Collapse

From time to time we get a peek inside the mind of a true insider. George Soros knows a thing or two about destabilization and far from equilibrium situations. He’s been on the giving and receiving ends of both. From surviving the Nazi occupation of Hungary during World War II, to single handily crashing the currencies of entire nations, the experience he brings to the table should not be ignored.
Read the rest of this entry »

New Asian buyers thirst for fresh wine tastes

The bubble may have burst in the Bordeaux market, but new Asian collectors are seeking diversity and in some cases even choosing second growth Bordeaux for value, said Robert Sleigh, head of Sotheby’s Asian wine department.
Global economic uncertainty has hit the Asian wine market, with demand falling for top Bordeaux at the auction house’s first Hong Kong wine auction of the year in mid-January, leaving many bottles unsold.
Read the rest of this entry »

Euro zone may skirt recession as PMIs surprise

The euro zone may escape recession thanks to a surprise upturn in the service sector this month but the overall economy is still struggling to gain any traction outside Germany and to a lesser extent France, surveys showed on Tuesday.
Markit’s Flash Eurozone Purchasing Managers’ Composite Index (PMI), a reliable indicator of overall economic performance, showed the euro zone economy grew in January for the first time
Read the rest of this entry »

London’s super-rich,from China,Middle East,are spending more on luxuries than before the financial crisis

The global luxury goods market grew 10 percent to 191 billion euros between 2010 and 2011, surpassing the 2007 peak of $170 billion on the back of strong appetite from Chinese customers, data from consultancy Bain & Co shows.

“From what we’re finding, despite global events, luxury is really experiencing almost an anti-crisis,” Tory Frame, a consumer products and retail expert at Bain, told Reuters.
Read the rest of this entry »

Dior shrugs off rumors at Paris Haute Couture show

Christian Dior shrugged off talk about who might succeed John Galliano as the fallen star designer’s stand-in enjoyed a well-received Spring/Summer Haute Couture show on Monday and seen roaring sales in spite of the global economic malaise.
It was nearly a year ago that Galliano was toppled from his seat at the top of Dior’s creative operations, setting off an industry-wide search for a replacement that has produced many promising names but no heir to the crown.
Read the rest of this entry »

« Previous Entries