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New U.S. embassy in London: A $1-billion crystalline ‘sugar cube’ with a modernist museum vibe

Team Leader 14/12/2017

LONDON – At $1 billion it is the most expensive embassy ever constructed. But its designers say the new American chancery on the Thames River marks a paradigm shift in design: the U.S. Embassy here will exude openness, while hiding all the clever ways it defends itself from attack. After decades of building American embassies that look brutalist or bland, like obvious fortresses, the soon-to-be opened chancery in London is a crystalline cube, plopped down… New U.S. embassy in London: A $1-billion crystalline ‘sugar cube’ with a modernist museum vibe

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Shanghai Tower, the world’s second-tallest building, opens with a whimper after delays

Team Leader 13/12/2017

(Bloomberg) — After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space.  More than 60 companies now occupy office space on its 128 floors — including some big names in China finance, such as Ant Financial, controlled by Alibaba Group Holding Ltd.’s billionaire founder Jack Ma. The building’s basement burger joint, Fatburger & Fatbar, is positioning itself… Shanghai Tower, the world’s second-tallest building, opens with a whimper after delays

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A serial killer’s creepy post-conviction message: There are more victims

Team Leader 11/12/2017

With six words penned to his local newspaper, serial killer Todd Kohlhepp gave voice to the fears of investigators and anyone else worried that a missing loved one had become a victim of South Carolina’s infamous murderer: “Yes there is more than seven.” The sentence was a chilling part of a prison letter Kohlhepp sent to the Spartanburg Herald-Journal last week — more than a year after a woman who had been summoned to Kohlhepp’s… A serial killer’s creepy post-conviction message: There are more victims

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A gay man who was denied a marriage licence by Kim Davis is running against her for county clerk

Team Leader 06/12/2017

MOREHEAD, Ky. — David Ermold returned to the Rowan County courthouse Wednesday, nearly two years after Clerk Kim Davis refused to give him a marriage license because he was gay. Only this time, he did not want a license. He wants Davis’ job. Ermould filed to run for county clerk on Wednesday, hoping to challenge the woman who two years ago told him “God’s authority” prohibited her from complying with a U.S. Supreme Court decision… A gay man who was denied a marriage licence by Kim Davis is running against her for county clerk

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Audits on ‘higher fraud-risk’ Canadian embassies find undocumented payments, ballooning overtime costs

Team Leader 29/11/2017

OTTAWA — Audits of five Canadian embassies operating in “higher fraud-risk environments” have found cases of questionable procurement practices, undocumented payments for work, and sky-high levels of overtime for drivers. The audits were ordered after a 2016 investigation discovered that Canada’s embassy in Haiti was defrauded of $1.7 million over 12 years through inflated supply contracts and diverted materials. The government fired 17 locally recruited employees over the case. Management audits were conducted on Canadian… Audits on ‘higher fraud-risk’ Canadian embassies find undocumented payments, ballooning overtime costs

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Fallout from the Home Capital Debacle

Team Leader 22/11/2017

  By David Goncalves The issues that Home Capital (known by many as Home Trust) is currently facing are unique. A bank would typically deal with a disaster like this when overexposed with debt or when facing substantial losses in its loan book. Home Capital’s mortgage book is not in significant defaulting. Surprisingly, many analysts suggest Home Capital’s default rate is lower than some of the big banks. So then, how does a 30-year-old company leading the way in “alternative lending” come to this?   Let’s start with who its clients are. The bank normally issues loans to borrowers that the big banks and insured lenders… Fallout from the Home Capital Debacle

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