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EU is set for its own sub-prime crisis

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe EU is set for its own sub-prime crisis HUMAN beings have an infinite capacity for self-delusion, especially when it comes to matters financial. I still remember how, in late 2006 and early 2007, all too few investors, financiers, commentators and regulators wanted to believe that the US property market was in the early stages of a crash or that there was anything to panic about. Fewer still thought that the consequences would be bad, let alone were predicting the cataclysmic crisis that followed.It sometimes seems that the same is true again with Eurozone debt. I’m not suggesting that it will necessarily cause another full-blown crisis or recession, though there is an increasing chance that it will, albeit not this year. But what I find strange is why otherwise rational people still believe that another bail-out or three, combined with a bit of pressure on countries to balance their budgets, will be enough to allow the crisis to go away. There is absolutely no chance of that. The problem is massive – the analogy with sub-prime American mortgages is perfect, on all levels.Greek debt is too high, the interest rates it has to pay too elevated, its underlying economy too feeble – it is now in a vicious circle from which only bankruptcy can deliver it. Greece will default – it is merely a question of when and what proportion of their debt the bondholders will lose. A third, equally important question, is whether Greece will become the first country to quit the euro and maybe even the EU – either because it is kicked out, or because its electorate refuses to become a EU protectorate and walks out of its own accord. Greek five-year credit default swaps imply a 60 per cent probability of a default at some point over the next five years, with a one in five chance over the next year, based on a 40 per cent recovery rate. One Moody’s executive suggested that bondholders will suffer a 50-70 per cent haircut. This makes sense: just to bring Greece’s debt to GDP ratio back to the supposedly binding but laughably ineffective Maastricht limit of 60 per cent of GDP would require a 62 per cent haircut. The official, on-balance sheet Greek national debt is €340bn: local banks and funds own €80bn of this, the European Central Bank (ECB) has €50bn and much of the rest is held by European banks and financial institutions. A 62 per cent write-off would mean a loss of €211bn. This would wipe out most Greek financial institutions, cripple the ECB and cost European banks and funds €130bn. The pain is getting closer. European banks need to raise capital in preparation; some are already doing that. A few billion won’t be enough; at least €150bn-€200bn will be necessary over the next couple of years for Eurozone financial institutions, especially if more countries begin to fall. British banks are largely in the clear from Greece; their real problems would start if Spain begins to falter too.European politicians and regulators must study other sovereign defaults of the past 25 years to figure out how best to manage. One option would be a European version of the Brady bonds, issued when Latin American countries went bust in the 1980s.Last but not least, the European establishment needs to accept that the single currency and the EU’s model of economic management has failed as badly as sub-prime mortgages failed in the US. Unless Europe accepts that its experiment is ending in tears, no progress will ever be possible. [email protected] me on Twitter: @allisterheath Share whatsappcenter_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content whatsapp Tags: NULL Sunday 17 April 2011 11:24 pmlast_img read more

Horoscope: February 27, 2021

first_imgFacebook Tamia Bankshttps://www.tcu360.com/author/tamia-banks/ ReddIt Twitter Horoscope: April 29, 2021 printA baby born today has a Sun in Pisces and a Moon in Virgo.HAPPY BIRTHDAY for Saturday, Feb. 27, 2021:Magnetic, insightful and worldly, you’re approaching your most ambitious year. You become more realistic and capably guide a success to great heights. This year you should feel proud of yourself. If single, love can be tumultuous and chaotic for you, and it might be healthiest to spend part of this year alone. If attached, you’re known for many marriages, but this year is your most romantic yet. LIBRA worships you.The Stars Show the Kind of Day You’ll Have: 5-Dynamic; 4-Positive; 3-Average; 2-So-so; 1-DifficultARIES (March 21-April 19)★★★★Today affects your health sector. A dream or intuitive perception brings insight into fitness factors. Seek ways to ease a stressful daily schedule. A much loved animal companion might require extra love and attention. Tonight: Eliminate clutter and begin spring cleaning early.TAURUS (April 20-May 20)★★★★★Today gives you renewed energy and enthusiasm. You’ll enjoy sports, creative projects and hobbies. Love and admiration come your way. Children have much to share. Young people are sources of inspiration, pride and hope. Tonight: A relationship becomes more supportive.GEMINI (May 21-June 20)★★★★Today generates mood swings in a loved one. Offer words of encouragement. Be a good listener. A visitor offers to help with chores or repairs. A household gathering is peppered with lively discussions. Tonight: Ideas and stories that family shares will inspire you.CANCER (June 21-July 22)★★★★Today indicates that you might look for a new vehicle or consider alternative travel and transportation arrangements. Mobility issues will be resolved satisfactorily. Hesitate if an acquaintance suggests a risky proposal. Tonight: If something just doesn’t feel right to you, back off.LEO (July 23-Aug. 22)★★Double-check suggestions others make regarding finances. Today’s opposition could allow the actions taken by another to drain your resources. Trust your own judgment, particularly if something sounds too good to be true. Tonight: Deep disappointment in a loved one.VIRGO (Aug. 23-Sept. 22)★★★★★Today generates enthusiasm and motivation. Control impatience and anger though. It is especially important to be constructive in your focus. Both love prospects and finances are very promising. A desirable relationship grows. Tonight: Extra hours of sleep to catch up.LIBRA (Sept. 23-Oct. 22)★★★★Old and poignant memories surface. Past life regression might be useful to aid in understanding and accepting the present situation. A deep rapport with wild creatures and the spirit of wilderness prevails. Tonight: Talk deeply with a mentor from your past.SCORPIO (Oct. 23-Nov. 21)★★★★★Friends include you in their plans. The expectations of others draw you into group activities or a prominent role within an organization. You might assume the role of mediator or overseer. Tonight: A light illuminates the future of an important relationship.SAGITTARIUS (Nov. 22-Dec. 21)★★★★★Today puts a positive spin on your status and career situation. You’ll be highly visible. A Zoom meeting goes especially well. Others express admiration and see you as a role model. Burn sage to cleanse your workplace. Tonight: Excitement builds about your future: constructive daydreaming.CAPRICORN (Dec. 22-Jan. 19)★★★★★Today reveals new potentials on the horizon. Your luck is changing for the better. Select goals for the long-range future. Write a wish list. Information and new ideas are directed your way. Opportunities are likely to come about. Tonight: The world is your oyster.AQUARIUS (Jan. 20-Feb. 18)★★★★Today will be memorable. Be receptive to growth and change. Don’t be surprised by the magnitude of changes brewing. It’s a time of turning points. There can be a debate or some points of controversy to settle. Tonight: A partner needs convincing.PISCES (Feb. 19-March 20)★★★★★Listen carefully and honor others’ freedom of thought, even if you disagree. A long-standing partnership — in business or in love — might be ending or a new one beginning. Your imagination and creativity are excellent. Tonight: An original idea solves a problem — and it’s profitable.Born today: Singer Marian Anderson (1897), writer John Steinbeck (1902), actress Elizabeth Taylor (1932) Horoscope: April 30, 2021 Tamia Bankshttps://www.tcu360.com/author/tamia-banks/ Horoscope: May 2, 2021 Tamia Bankshttps://www.tcu360.com/author/tamia-banks/ ReddIt Twitter Linkedin Horoscope: April 30, 2021 Tamia Banks + posts Linkedin Facebook Tamia Bankshttps://www.tcu360.com/author/tamia-banks/ Previous articleHoroscope: February 26, 2021Next articleTCU Volleyball swept by Texas State in return to Schollmaier Arena Tamia Banks RELATED ARTICLESMORE FROM AUTHOR Horoscope: May 2, 2021 Horoscope: May 1, 2021 Horoscope: May 1, 2021 Horoscope: April 29, 2021 Horoscope: April 28, 2021last_img read more

RSF calls for justice after South Sudanese journalist’s body found

first_img to go further August 25, 2020 Find out more News Receive email alerts August 21, 2020 Find out more RSF_en Reporters Without Borders (RSF) is appalled to learn that freelance journalist Isaac Vuni’s body was found on 26 September, four months after his abduction, and calls on South Sudan’s authorities to shed all possible light on his murder. News South SudanAfrica Condemning abuses Impunity Vuni’s relatives told the independent Sudan Tribunenewspaper that his body was discovered on a farm outside Kerepi, thevillage where his family lives, located in the north of the countrynear the Ugandan border.Gunmen kidnapped Vuni and his brother Andruga from the family’shome on the night of 4 June. A witness told the South Sudan Liberty News website at the time that the abductors wore the samemilitary dress as members of the “Tiger Battalion,” PresidentSalva Kiir’s bodyguards. It seems that Vuni was killed shortly after his abduction, whichwas never claimed. His brother has yet to be found.Vuni, who often wrote for the Sudan Tribune, had been undersurveillance by the South Sudanese security forces for years. He wasarrested in Juba on 29 July 2009 after reporting that members of theSudan People’s Liberation Army and the South Sudanese governmentwere implicated in a financial scandal.He was beaten while held incommunicado in a Juba police stationfrom 28 March to 2 May 2011, during a crackdown on South Sudan’sjournalists.“We condemn Isaac Vuni’s foul murder and call on theauthorities to conduct an investigation to identify those responsibleand bring them to justice,” said Cléa Kahn Sriber, the head ofRSF’s Africa desk.“The authorities distinguished themselves by their silence atthe time of his abduction. Their silence cannot continue. They mustput an end to the widespread impunity prevailing in South Sudan,which makes this kind of abuse possible.”Journalists and media outlets have constantly been the targets ofviolence since the start of the civil war in 2013. The South Sudaneseauthorities, and the intelligence services in particular, often holdjournalists incommunicado in an attempt to silence the media.As RSF has already reported, Radio Miraya’s George Livio has been held incommunicado in Juba for more than two years, while newspaper editorAlfred Taban was held incommunicado for 13 days in July Alfred Taban was held incommunicado for 13 days in July after publishing anarticle calling on the authorities to implement the peace accord.South Sudan is ranked 140th out of 180 countries in RSF’s 2016 World Press Freedom Index, 15 places lower than its position in the2015 Index. Organisation December 23, 2020 Find out morecenter_img News News Online memorial and writing prize launched to mark 30th birthday of slain journalist Christopher Allen South SudanAfrica Condemning abuses Impunity September 28, 2016 RSF calls for justice after South Sudanese journalist’s body found RSF welcomes UN Special Rapporteur’s statement calling for justice for Christopher Allen three years on Follow the news on South Sudan Crédit : Anadolu Agency / Getty Images Red alert for green journalism – 10 environmental reporters killed in five years Help by sharing this information last_img read more

Magazine editor sentenced to six months in prison

first_img June 13, 2019 Find out more Reports RSF_en Reporters Without Borders today protested against the six-month prison sentence imposed on 9 August on journalist and Member of Parliament Njehu Gatabaki, editor of the magazine Finance. He was convicted of publishing a “false and alarming report” in December 1997 that accused President Daniel Arap Moi of having instigated ethnic bloodshed in Molo shortly before the1992 elections in which some 1,500 people died.”This journalist has been the target of veritable harassment by the President, and his imprisonment, soon after the adoption of a new law on the press, bodes ill for the future of press freedom in Kenya”, Reporters Without Borders secretary-general Robert Ménard said in a letter to President Moi calling for Gatabaki’s immediate release and the withdrawal of all the charges against him.The 1997 article, entitled “Moi ordered Molo massacre”, alleged that President Moi gave the orders for members of his own ethnic group, the Kalenjin, to attack members of the Kikuyu community in the Molo area resulting in clashes in which many Kikuyu died. The court found the article liable to alarm the population and threaten civil peace. The judge said she was imposing an exemplary sentence because its was Gatabaki’s job, as an MP, to make the laws, not break them.Gatabaki, who stands by the article, has 14 days to appeal. Nonetheless, he has already been jailed in the Kamiti high security prison. He was originally detained on 4 December 1997 but was released on bail pending trial, originally scheduled for February 1998. The sluggishness of the Kenyan judicial system seem to have been responsible for the trial delays. The magazine Finance is one of the few forums of expression for opposition politicians in Kenya. August 14, 2002 – Updated on January 20, 2016 Magazine editor sentenced to six months in prison KenyaAfrica KenyaAfrica Receive email alerts November 27, 2020 Find out more News Newscenter_img The 2020 pandemic has challenged press freedom in Africa Follow the news on Kenya News Help by sharing this information April 6, 2020 Find out more to go further Covid-19 in Africa: RSF joins a coalition of civil society organizations to demand the release of imprisoned journalists on the continent Kenyan media group trolled by pro-ruling party activists Organisation last_img read more

Land League calls for adjournment of repossession cases in Letterkenny after 24 hour postponement

first_img Previous articleRestrictions in place on Derry’s Foyle Bridge as winds intensifyNext articleMcHugh questions the defensive system after Donegal’s poor defeat to Monaghan News Highland Land League calls for adjournment of repossession cases in Letterkenny after 24 hour postponement By News Highland – March 9, 2015 Facebook 365 additional cases of Covid-19 in Republic Google+ WhatsApp Google+ Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp The Land League in Donegal is calling for repossession cases at Letterkenny Registrar’s Court to be adjourned for a month.Cases which were to have been heard today have been postponed until tomorrow, but Carena Mc Callig of the Land league says the notice given was inadequate and many people may be missing from the court tomorrow as a result.Ms Mc Callig says this is a very serious situation, and if tomorrow’s hearing goes ahead, then people should attend.However, she says a longer adjournment is needed to ensure that everyone is in court at the proper time……………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/03/carenacourt.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img RELATED ARTICLESMORE FROM AUTHOR Facebook Homepage BannerNews Pinterest 75 positive cases of Covid confirmed in North Twitter Gardai continue to investigate Kilmacrennan fire Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Further drop in people receiving PUP in Donegal last_img read more

Big rig hits two cars at problematic Brundidge intersection

first_img By Jaine Treadwell “Those are sharp turns and they are especially to hard to make when other vehicles are stopped at the light and in their turn path,” he said. ‘Sometimes the drivers of the stopped vehicles have to back up to give the big trucks room to turn.”Davenport said 18-wheelers are a part of the Brundidge downtown traffic.“We’ve got to find a way to handle the truck traffic so that we can eliminate some of the problems we are having now,” Davenport said. “The City Council is considering putting signs up that will direct some of these big trucks onto Highway 231 when it’s not absolutely necessary that they come through the downtown area.”Brundidge Mayor Isabell Boyd said the council is looking closely at the truck traffic situation.“We are looking at signage that would direct these truck drivers along the best route for them and to the benefit of the city,” Boyd said. “We want to find a solution that will work for the truckers and for the residents of the city. There is a solution or maybe solutions to the concerns that we have. We’ve got to decide what is best and then do it.” Remember America’s heroes on Memorial Day Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Skip Sponsored Content Latest Stories Plans underway for historic Pike County celebration Pike County Sheriff’s Office offering community child ID kits You Might Like Troy may create new tourism zoning district Troy is considering a new kind of zoning district that officials say could help to recruit special projects in the… read more Big rig hits two cars at problematic Brundidge intersection The Christmas lights that are a 65-year tradition in Brundidge were unstrung for a second time this holiday season when an 18-wheeler hit the support pole on the corner of East Troy Street and Main Street Tuesday night. The driver of the Leon Jones Feed & Grain rig failed to make the turn, hitting the pole and then damaging two vehicles that were parked on North Main Street. The driver of an 18-wheeler registered to Leon Jones Feed & Grain, Cumming, Georgia failed to successfully negotiate a turn off East Troy Street onto North Main Street in Brundidge Tuesday night.The truck first struck a pole that was temporarily in place to accommodate the city’s Christmas lights. The truck then struck at vehicle that was parallel parked in front of Collier’s on Main and then sideswiped another vehicle that was also parked along the street.Brundidge Police Chief Moses Davenport said several vehicles that were traveling north to south along Main Street were stopped at the traffic light, causing the truck driver to have to make a tighter turn than usual.“There was nothing illegal about the turn,” Davenport said. “He just cut the turn too sharp and hit the pole, knocked it down and the lights with it. From there, he went on to hit the two vehicles. I can’t say how that happened.” This was the second time a portion of the city’s historic Christmas lights has been taken down by an 18-wheeler this holiday season.“But, the driver that hit the pole that supported the Christmas lights on the opposite corner of Main Street and S.A. Graham Boulevard was making an illegal turn,” Davenport said. “It is illegal for a truck to turn right off Main Street onto S.A. Graham Boulevard. The driver Tuesday night was making a legal turn.”In another recent incident, a truck driver who was attempting to make a right turn off S.A. Graham Blvd. onto South Main Street hit a parked car. A few days earlier, a trucker attempting to make the same turn had hit the awning and support pole at Brundidge Florist, which is on the corner. That was at least the sixth time the awning and pole have been damaged when drivers of 18-wheelers are attempting to make the sharp turn at that corner.Davenport said it is not easy for drivers of 18-wheelers to make the sharp turns necessary onto and off of Main Street at the crossroads in downtown Brundidge. Book Nook to reopen Email the author Troy falls to No. 13 Clemson By The Penny Hoarder The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Published 3:00 am Thursday, January 4, 2018 Print Articlelast_img read more

An extraordinary peat-forming community on the Falkland Islands

Most of Beauchêne Island in the South Atlantic is covered by tussac, the tussock-forming grass Poa flabellata (Lam.) Rasp., which has produced a deep accumulation of exceptionally dense peat during ∼12,500 yr. The basal peat is lignitic, yet it is several hundred times too young to be a true lignite. During an ecological survey of the island in December 19801, one of us (R.I.L.S.) sampled an 11-m high peat face. The age against depth profile in the peat is consistent with a constant proportional rate of decay of 1.1–2.2×10−4 yr−1 and a constant rate of addition of dry matter to the peat of 430–720 g m−2 yr−1. This rate of decay is within the range recorded for peats in corresponding latitudes in the Northern Hemisphere, but the rate of addition of dry matter is about 10 times as great. This is not easy to accommodate within current hypotheses about peat formation. An unusual combination of biological, physical and chemical circumstances may be the cause. As the island is difficult to visit and no more information can be obtained in the near future, we now report these results, incomplete though they are. read more

Scoreboard roundup — 9/21/18

first_img Written by Beau Lund FacebookTwitterLinkedInEmailiStock/Thinkstock(NEW YORK) — Here are the scores from Friday’s sports events:INTERLEAGUEChicago White Sox 10, Chicago Cubs 4AMERICAN LEAGUEN.Y. Yankees 10, Baltimore 8Tampa Bay 11, Toronto 3Boston 7, Cleveland 5Kansas City 4, Detroit 3Texas 8 Seattle 3, 7 InningsHouston 11, L.A. Angels 3Oakland 7, Minnesota 6, 10 InningsNATIONAL LEAGUEN.Y. Mets 4, Washington 2Milwaukee 8, Pittsburgh 3Miami 1, Cincinnati 0, 10 InningsAtlanta 6, Philadelphia 5St. Louis 5, San Francisco 3Colorado 6, Arizona 2San Diego 5, L.A. Dodgers 3NATIONAL HOCKEY LEAGUE PRESEASONN.Y. Islanders 3, Philadelphia 2Carolina 5, Washington 1Chicago 5, Ottawa 2Toronto 5, Buffalo 3Tampa Bay 5, Nashville 1St. Louis 3, Columbus 0Winnipeg 4, Calgary 3TOP 25 COLLEGE FOOTBALL(11) Penn St. 63, Illinois 24(16) UCF 56, FAU 36Copyright © 2018, ABC Radio. All rights reserved.center_img September 22, 2018 /Sports News – National Scoreboard roundup — 9/21/18last_img read more

25 25 25 for Robinson Jackson

first_imgHome » News » Agencies & People » 25 25 25 for Robinson Jackson previous nextAgencies & People25 25 25 for Robinson JacksonThe Negotiator4th June 20180853 Views Alan Robinson and Peter JacksonThe Robinson Jackson Group is celebrating 25 years of business in London and Kent. The milestone has been reached in tandem with a successful network of 25 branches and 25 new recruits joining the agency in the first quarter of 2018.The agency’s co-founders, Peter Jackson and Alan Robinson, opened their first Robinson Jackson branch in Northumberland Heath in 1993, together with Senior Partner Vince Hedges. All three are still actively involved, alongside many staff members with 10, 15 and 20 years of loyal service.The Robinson Jackson Group was formed after Peter Jackson’s family estate agency – Jackson Property Services – was bought by the Halifax. Peter says, “After 25 years with Jacksons, we didn’t envisage we’d have another 25 years of success with The Robinson Jackson Group but here we are. Our longevity is down to our community roots – our familiar name and solid reputation continues to be a comforting presence on the High Street. Our 25 new employees and existing staff are a source of great pride. As well as allowing ambitious property professionals to progress their careers, we actively recruit those with no agency experience, meaning bright, enthusiastic people can join our family-led culture.”Kent London 25 year celebration Robinson Jackson The Robinson Jackson Group June 4, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Potter weaves more of his magic

first_img“Dark and difficult times lie ahead”, the posters ominously warn. Harry Ppotter is back, riddled with teenage angst and tormented by vexing dreams in the fourth cinematic adaptation of JK Rrowling’s series. More brooding and suspenseful than ever, this instalment sees continuing to struggle with the knowledge that the wizard Voldemort, who killed his parents, is gaining in power and (again) harbouring the malicious intent to kill Ppotter once and for all. Worse still, Hharry has to find a date for the Yule Ball.The events of the film take place around the Ttriwizard Ttournament, a deadly competition between the most prestigious magic schools, Hhogwarts, Beauxbatons Aacademy,and Durmstrang Institute. Reinstated after a hundred years by Hogwarts’ Headmaster Albus Dumbledore, the tournament is an attempt to strengthen bonds between the schools, given the growing storm of dark rumours he begins to hear. From each school, a champion is selected to compete by the magical Goblet of Fire. Troubled by the raising of the Dark Mark and the reappearance of the Death Eeaters, Harry’s paranoia deepens as the Goblet selects him as a fourth champion in the tournament despite his being too young to compete.Director Mike Newell takes hold of the reins for this outing (the first Englishman to do so), the wide range of experience of his previous efforts – Mona Lisa Smile (2003), Donnie Brasco (1997) and Four Weddings and a Funeral (1994) – allowing him to mould the multitudinous facets of the story artfully. Hhis public-schoolboy experiences allow him to bring out the awkwardness and japery of the boarding school environment, adding a wry and convincing overtone to the action.The theme of adolescence is never far away, pubescence providing many humorous and touching moments as Harry, Hermione and Ron grapple with their raging hormones amongst the myriad other dramas besetting them. Comically, the Yule Ball triggers more upset than the sinister plot unfolding, as and try to muster up the courage to approach a girl and ask her out. agonises over his crush, Cho Chang, while Hermione picks Durmstrang action man Viktor Krum, much to Rron’s chagrin. Indeed, the Yule Ball scene is reminiscent of an Aamerican teen movie, with dresses, dances and tearful endings. Even Hagrid develops a love interest amidst the hormonal melee, with the towering Madame Maxime – the headmistress of Beauxbatons, played sublimely by Frances de la Ttour.The three tasks of the Triwizard Tournament punctuate the developments of the subplots providing an exciting framework to the story and the opportunity for some astounding set-pieces and CGI. The dragon scenes are jaw-dropping, with vertigo- inducing shots of the action as Hharry zooms around the landscape trying to outwit the dragon in a vast, rocky stadium filmed in the Scottish Highlands. Harry’s eventual confrontation with Voldemort is dark and hugely satisfying. Ralph Fiennes (currently starring in The Constant Gardener), disfigured into the lithe embodiment of blind malice that is Voldemort, is particularly impressive.The Goblet of Fire is perhaps the hardest of the four books to adapt to film. Iits length and numerous sub-plots and diversions make it a challenge for any director to preserve the core story while not losing too much subtext. Certainly, Mike Newell has taken more than a few liberties with the storytelling, in some cases distorting key clues and red herrings, and has left a sizeable part of the book’s material on the cutting room floor. Yet the magic survives. He has performed fantastically, skilfully transforming, arguably, the best book of the Potter series into, certainly, the best of the films made so far. Essential viewing.ARCHIVE: 6th week MT 2005last_img read more