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admin | Office Exercises | 01.03.2014
Crude prices fell further yesterday on dimming prospects of a production cut by the OPEC oil cartel despite a global supply glut, analysts said. Anderson Lim will become the first swimmer from the Sultanate to participate in Olympic Games. Willie Walsh, CEO of IAG, speaks during a panel discussion at the International Air Transport Association Annual General Meeting and World Air Transport Summit in Miami Beach, Florida, in this June 8, 2015 file photo. ONCE dubbed “Slasher Walsh” for his relentless drive to cut costs, the boss of British Airways-owner International Airline Group (IAG) is showing no sign of going soft. Willie Walsh has built his reputation on his refusal to give ground to unions and a willingness to wield the axe at former state-owned airlines, convinced it’s the only way to stay competitive in an era when budget carriers increasingly rule the roost. It is a testament to his success that while IAG lags Lufthansa and Ryanair in terms of passenger numbers, it is expected to report more operating profit for 2015 than those carriers or any other European rival. As CEO of British Airways (BA), he lined up a merger with Spanish carrier Iberia in 2011 to create IAG, which in turn snapped up Britain’s BMI, Spain’s Vueling and Ireland’s Aer Lingus.
Once again, the 54-year-old signalled there would be no retreating from this strategy for IAG, even should he follow through on his once-stated plan to retire at 55.
He soon earned the Slasher Walsh nickname for the job cuts he made at the Irish carrier before he was hired to become boss at BA in 2005 where his skills were put to the test when the global financial crisis also dampened demand for travel. When Iberia workers went on strike in Madrid, waving flags saying “British Go Home”, a bullish Walsh declared he would see off the protests, telling the media: “I’ve done it before and I’ll do it again. While he can be tough Walsh is also pragmatic, said Jack O’Connor, president of Aer Lingus’s largest union, SIPTU. Walsh showed similar single-mindedness during the Icelandic ash cloud crisis in 2010, when he ordered full Britain-bound BA planes to take off from the east coast of the United States and Canada, even though UK airspace was still closed to landings.
It was a risky bet, but with BA losing millions of pounds a day due to grounded planes, he wanted to pressure authorities to quickly revise a decades-old safety code to reflect new tests that had shown flying through a certain concentration of ash was possible without damage to aircraft. The gamble paid off – the authorities changed the rule in the nick of time and his planes were able to land in London, rather than resort to back-up destinations, such as Ireland’s Shannon.
One adviser, who worked with Walsh on one of his takeovers, said the ash cloud episode showed how ruthless he could be to achieve his goals. With Walsh’s overhauls, IAG’s airlines stole a march on Air France-KLM and Lufthansa which are still struggling to persuade staff of the need for change, a tougher task now as oil prices are boosting profitability. Shoppers gather around toy items featuring Youkai Watch characters at Kiddy Land toy store in Tokyo. Hello Kitty poses during a news conference to unveil the ‘Official Hello Kitty Tartan’ products at the British Embassy in Tokyo.
Kumamon is seen dancing on the street outside Harvard University in Cambridge, Massachusetts, USA. HELLO Kitty, whom many learned last week is a girl and not a cat, may be the queen of Japan’s cute characters, but she’s hardly the only one. There are thousands, and they are ubiquitous: Long-time favourite Doraemon (who really is a cat) has a daily quiz in a national newspaper. Hello Kitty and Doraemon now face hordes of newcomers, many launched by municipal governments to promote tourism and local products.
Created 40 years ago, Hello Kitty is made up of just a few simple strokes: two dots for eyes and a tiny circle for a nose, and no mouth.
Despite her cat-like ears and whiskers, she is a “cheerful girl with a gentle heart”, says the official website of her theme park, Sanrio Puroland. Goofy black bear Kumamon is perhaps the most successful of the mushrooming new characters that seek to promote a locality in Japan.
The prefecture doesn’t charge a licensing fee to use Kumamon’s simple image, and experts say that has been a key to success. A hyperactive Asian pear from the city of Funabashi, just outside Tokyo, has taken Japan by storm in the past year.

In a bright yellow, stretchy bodysuit, the pear-fairy jumps up and down frantically and talks in a rapid-fire, high-pitched voice, shouting “nashi!” (pear) at the end of each sentence.
Doraemon, a blue robotic cat from the 22nd century, started as a manga (comic) character in 1969.
Doraemon is popular in many parts of the world, including Asia and Latin America, but the television cartoon series didn’t debut in the US until this year.
The “relaxing bear” is usually seen lounging on a yellow bean bag, sometimes nibbling on snacks, demonstrating an ultimate stress-free lifestyle.
Created by San-X, a Tokyo-based character-oriented stationary and gift company, Rilakkuma has raked in more than 10 billion yen ($125 million) from stationary, clothing and book sales since its 2003 debut.
A chubby yellow mutant rodent, Pikachu is the most popular of more than 400 monsters in the Nintendo video game series Pokemon. Japan’s latest sensation, Youkai Watch started as a video game, and went big in January with the launch of a cartoon on TV.
Jim Bryden, a caretaker for Islington visitors moorings, organises utilities on the roof of his narrow boat on the Regents Canal.
ROCKETING housing costs in Britain’s capital have fuelled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city’s historic network of rivers and canals. The picturesque lifestyle of sleeping in a colourfully painted narrowboat or barge can seem tempting, especially when buying one can cost a fraction of the price of bricks and mortar. Everyone has a story of spotting newcomers struggling with engine failure, steering ineptly along a crowded canal or developing regrets once facing a damp, cold winter on boats often heated by stove and just 2.1 metres wide. Maintenance costs can mount quickly and boaters dryly refer to their vessels as “black holes” for cash, constantly in need of repair. Yet even more expensive boats, which can cost over ?100,000, are still a fraction of the average London house price of ?500,000, up 11 per cent in a year. As London private rents have increased to cost almost half the average salary, some renters have turned to cheap but illegally let rooms on boats described as mouldering “floating shacks” in an article by a former resident in the Guardian. Yet for many, waking up with ducks swimming by the window, and the freedom and sociability of the pretty tree-lined waterways compensate for downsides like emptying toilet tanks, trudging the towpath to do laundry or fetch gas cylinders, and vulnerability to thieves. In a testament to the increasing popularity of the lifestyle, one boat entered the London waterways for every working day in the past year, with popular areas seeing an 85 per cent spike in numbers, according to the CRT. The charity manages 3,200 kilometres of a network that spans Britain, much of it built to carry freight in the industrial revolution. The increased numbers have caused congestion, with fierce competition for mooring spaces, queues at locks and friction with nearby residents who suddenly find themselves with a large and shifting cast of new neighbours in boats moored two or three abreast.
In one central London stretch of the Regent’s Canal, a team of boat-dwelling volunteers maintain special rules to appease nearby residents, who launched a series of complaints to authorities over boat noise and smoke disturbing their expensive terraced homes, which line the canal. Yet an attempt by the CRT to address congestion has caused an outcry in the boating community. Many boats have “continuous cruising” licences, which require them to move along every 14 days, rather than stay in a permanent rented mooring spot – which are in short supply and can cost the same to rent in London as an apartment.
This spring the CRT began an enforcement drive on continuous cruisers, warning it would refuse to renew licences or remove boats that it deemed did not move often or far enough along the waterways. Almost 20,000 people signed a petition against the drive, calling on boaters to mobilise to “prevent the eviction of boat dwellers” and accusing the CRT of pushing families into homelessness. CRT spokesman Joe Coggins argues that boaters must either follow the regulations, get a permanent mooring, or accept that the life might not be for them. It doesn’t matter when I go or if I go, there’ll be someone there to replace me,” Walsh added on the sidelines of a conference in Dublin this month.
It was there he formed the template for his strategy, when he had a front-row seat to the rapid expansion of budget airline Ryanair as its neighbour at Dublin Airport. He cut BA staff and froze pay, despite 18 months of bitter industrial dispute, and after the 2011 merger with Iberia, he embarked on a similar battle at the loss-making Spanish carrier.

This is an all too rare example of an airline management team setting a clear path and sticking to it, in the face of strong opposition from unions,” said Jonathan Wober, the CAPA Centre for Aviation’s chief financial analyst. But he added he could also use charm and diplomacy to navigate political and union tensions when needed.
Some see Japan’s cute-craze, known as “kawaii” as a sign of immaturity, but others say it’s rooted in a harmony-centred way of life that goes back to ancient animist traditions. In what is seen as the origin of Japanese manga, or comics, a set of 12th-century scroll paintings humorously portray frogs, rabbits and other animals in human activities, from sumo wrestling to temple worshipping.
In contrast to expressive American characters such as Mickey Mouse and Garfield, Hello Kitty doesn’t show emotions, and the simplicity has attracted fans from children to street fashion devotees.
Born Kitty White in the suburbs of London, she weighs the same as three apples, enjoys baking cookies and dreams about becoming a poet or pianist. Its name means a native of Kumamoto, a prefecture in southern Japan, and the character was introduced on March 12, 2010, the day Japan’s high-speed bullet train entered full service in the south.
Funassyi, a combination of Funabashi and the Japanese word for pear, is an exception to Japan’s more typically laid-back characters.
Funassyi is not an authorized city mascot, but the product of an entertainer from Funabashi.
It has a four-dimensional pocket in its stomach with a seemingly endless supply of items to help its friends. Adaptations for an American audience included simplifying the names of two boy characters from Nobita Nobi to “Noby,” and Gian to “Big G” and replacing Japanese yen with US dollars. The roommate of a 25-year-old female office worker, Rilakkuma’s gentle words such as “sleep and reset” and “let’s worry when that happens” have been compiled in a series of popular books, serving as remedies for stressed-out Japan. The series started in 1996 as a pair of game titles for hand-held player Game Boy, and has evolved into playing cards, animation, video games and movies. Besides the theme cafe in Tokyo’s fashionable Roppongi Hills shopping complex, hundreds of Pikachus swarmed into Yokohama in mid-August in a “Pikachu outbreak” event.
The story centres on teenage protagonists and their encounters with more than 250 characters, including the popular twin-tail cat Jibanyan and floating spirit Whisper.
Rocketing housing costs in Britain's capital have fuelled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city's historic network of rivers and canals. The market reached 2.3 trillion yen ($28 billion) last year, according to think tank Yano Research Institute Ltd.
An article in the Los Angeles Times last week created an Internet firestorm when it explained that the character is not a cat; many insisted she must be.
Today it appears not only on Kumamoto souvenirs, but also on innumerable products including instant cup noodles, snacks and cosmetics. Among them are a “time machine” and “anywhere door” that allows them to travel wherever and to any time period they wish.
Children collect special coins to call up their favourite spectres on arcade game machines. Many of the coins have sold out, and children and their parents waited for hours in long lines outside stores when new coins and related toys went on sale in early August. Analysts interpreted the move as an effort to maintain market share as it faces competition from cheaper oil from US shale fields.OPEC pumps about a third of global crude and is currently producing just under 31 million barrels per day, around one million higher than its ceiling.

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