Corrie Sanders, Former Heavyweight Champion, Murdered In South Africa

Ex-world heavyweight champion Corrie Sanders died today after being shot by robbers during a family gathering at a restaurant in South Africa.

Sanders, who was celebrating his nephew?s birthday, was shot in the hand and stomach and later died at a hospital in Pretoria.

Sanders was 46.

The heavy-handed Sanders (42-4, 31 KOs) was best known for his fights with the world champion Klitschko brothers. He upset Wladimir, stopping him in the second round to win the WBO world heavyweight title in March, 2003. Sanders then returned to face Vitali for the WBC title in a bloody slug-fest in April, 2004, losing via a eighth-round TKO.

A statement on the Klitschkos? Facebook page reads, ?We were shocked to learn of the sudden death of Corrie Sanders and we want to express our sincere condolences to his family. We will remember Corrie as a great person both inside and outside the ring. He was a great fighter with a big heart who always positively represented the sport of boxing.?

Sanders retired in 2008 after suffering a first-round knockout loss to Osborne Machimana.

?2012 BoxingInsider LLC. All rights reserved. This material may not be published, broadcast, rewritten or redistributed with out written permission.

Source: http://www.boxinginsider.com/headlines/corrie-sanders-former-heavyweight-champion-murdered-in-south-africa/

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Philippines: Marcos clothes have no historic value

MANILA, Philippines (AP) ? A Philippine official said Monday that a legendary collection of shoes and other possessions left behind by former first lady Imelda Marcos and her dictator husband when they were ousted by a 1986 "people power" revolt have no historical significance, except for some Philippine-made gowns.

Communications Undersecretary Manolo Quezon issued the statement after National Museum officials acknowledged that the collection of Marcos' clothes and shoes had been neglected for more than two decades and some had been damaged by a monsoon storm last month.

Museum officials told The Associated Press on Sunday that termites, storms and neglect damaged part of Mrs. Marcos' collection of at least 1,220 pairs of shoes and other items while they were stored from 1986 to 2010 at the Malacanang presidential palace and later at the National Museum in Manila.

More than 150 cartons of clothes, dress accessories and shoes were transferred to the National Museum for safekeeping two years ago from the riverside palace. They deteriorated further at the museum after the boxes were stored in a padlocked room that was inundated by heavy rains last month because of a leak in the ceiling, museum officials said.

Quezon said the contents of the boxes have "no historical significance except some of the clothes" made by prominent Philippine couturiers. Museum officials said the Philippine-made gowns might be displayed in public, but they were wary because of the "politically sensitive nature of their provenance."

A Philippine historian, Michael Xiao Chua, said the Marcos items are important and should have been displayed to remind current and future generations of Marcos' dictatorial rule and encourage them to safeguard the country's democracy.

The damaged items include native see-through barong shirts, which Marcos often wore in public ceremonies during his 20-year rule. AP journalists saw a barong shirt with a presidential seal on top of a box of 100 shirts which had reddish stains and a sleeve that was nearly torn off.

The Marcoses fled the Philippines at the climax of an army-backed "people power" revolt which became a harbinger of change in authoritarian regimes worldwide. Mr. Marcos died in exile in Hawaii in 1989 and his widow and children returned home years later.

They left staggering amounts of personal belongings, clothes and art objects at the palace, including Imelda Marcos' shoes which have come to symbolize her extravagance amid crushing poverty in the Southeast Asian country.

Ferdinand Marcos' successor, democracy icon Corazon Aquino, accused him of stealing billions of dollars during his rule and ordered many of his assets seized.

Aquino had Imelda Marcos' shoes displayed at the presidential palace. They were removed from public view and stored in the palace basement when Aquino stepped down in 1992. About 800 pairs were loaned in 2001 to a shoe museum which has since become a tourist attraction.

Source: http://news.yahoo.com/philippines-marcos-clothes-no-historic-value-141754831.html

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Rising from the Ashes: Sony Re-opens Warehouse Destroyed During London Riots

Re-built in record time, the new advanced distribution centre for home entertainment media:

? supports local economy

? capitalises on skills and expertise of existing employees

? future-proofs business towards industry advancements

London, 14 September 2012 ? Sony today officially opened its newly built UK distribution centre in Enfield, North London - a provider of around a quarter of the UK?s home entertainment media? - after the original building was destroyed by fire during the London riots in Summer 2011. The opening was attended by Prime Minister, David Cameron, who praised Sony for its efforts in retaining local employees through utilising the original site. The new, more advanced distribution centre was built against all odds in record time in order to be fully operational with stock for the peak Christmas sales period which accounts for 50% of annual revenue. It is operated by Sony?s global subsidiary Sony DADC, a leading production and distribution supplier of CD, DVD, Blu-ray Disc and digital media products for the international content industry.

Speaking at the opening of the new site David Cameron said, ?The riots last summer were devastating for many local communities and the businesses within them. I've heard today how upsetting it was for the employees here at Sony DADC to see the building they had worked in - some of them for many years - reduced to rubble. But I want to commend Sony for seeing this as an opportunity to rebuild an even better facility and for protecting the jobs of those employed here while they did it. The fantastic new distribution centre I've seen can handle more orders and has created the potential for more jobs in the area. I'm delighted to be here to wish Sony well as they move back to their home in Enfield today.?

Around 25% of Britain's total stock of home entertainment discs (like CD, DVD and Blu-ray Disc) was destroyed by the fire, which could have had a devastating effect on retailers as well as major and independent rights holders. "Thanks to the dedication of our employees, contractors, suppliers and customers we have managed to pull off the impossible and re-establish our business in time for our busiest trading period and kept alive the businesses that depend on our services." said Natasha Tyrrell, General Manager Distribution at Sony DADC UK who has spearheaded the recovery and development strategy.

?We are incredibly proud of the team in Enfield and of the ambitious re-build project, which together, we have made a huge success. Our main aim in this past year has been to continue to service our customers to our full potential and retain our skilled local workforce", added Tyrrell, "This is a significant investment for us and demonstrates our commitment to developing our business despite an increasingly challenging environment in the packaged media (CD, DVD, Blu-ray Disc) industry. Capitalising on the skills of our employees, our cross-section of customers in the entertainment industries of home video, music, games and software and our ability to adapt our services, means we are in an excellent position to drive new business."

"It was the fastest ever build of its type in the UK with an overall construction and fit out period of 23 weeks. This enabled the site to become fully operational after just 11 months following the devastation caused by the arson attack?, stated the principle contractor ISG Retail. The new complex is 6.6 feet (two meters) higher than its predecessor, contains three office floors (one more floor than previously) stretching over 326,000 square feet (30,286 sqm) and incorporates high technology investment such as 4^th generation conveyor and warehouse management systems. Especially recognising the need for top-level security, the Enfield site has adopted a new security concept that will increase the protection of staff, customer goods and the premises.

The new distribution centre provides a peak throughput capability of approximately 1.2M units and can currently cater for around 55,000 titles per day, shipped to 20,000 retail addresses all over the UK and Ireland. As with the previous distribution centre, the service portfolio consists of physical handling and packing, testing and verification, distribution planning as well as financial services. Now, with an increasing focus on offering B2C distribution and retail services in addition to B2B services, Sony DADC is well equipped to accommodate an expanding product and services portfolio, future-proofing itself against an evolving industry. The UK distribution centre is part of Sony DADC?s global network that comprises approximately 30 sites in 19 countries worldwide.

Just two days prior to the opening in Enfield, on September 12, Sony DADC opened its new, larger Central London office location at 20 Rathbone Place due to the increasing demand for Sony DADC?s digital media distribution services. Serving as the main European hub for Sony DADC New Media Solutions, the 20,000 square foot digital media facility offers clients a central location and integrated global network infrastructure. It combines physical and digital creative services and supply chain solutions under one roof to provide greater efficiencies and better client support across all lines of business.

Source: http://presscentre.sony.eu/content/Detail.aspx?ReleaseID=8075&NewsAreaID=2

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No signs of rebound for the Chinese economy, says PBOC?s adviser

China?s economy will continue to slow, and probably into next year, a PBOC advisor said.

Song Guoqing, a PBOC advisor and Monetary Policy Committee member, told Bloomberg that growth will slow further to 7.3-7.4% in the third quarter, and 7-7.5% in the first half of next year, and he saw little signs of rebound.? Earlier, a researcher from the Chinese Academy of Social Sciences also told Bloomberg that growth will slow into next year, and will probably be below 7% in the first quarter.

Over the weekend, he also said in a conference that monetary conditions may probably remain tight on cautious banks lending and weak fiscal spending.? Also, perhaps most notably, he recognises that there are a lot of criticisms on China?s economic policies, particularly the consequences of high inflation and over-investment, the possibility of increase of fiscal spending in the near-term is low (via Wind).

This is nothing new for us, as we noted that as economists and commentators within China is more ?pro-austerity?, and as we think that such views shared by some policymakers, we have been expecting a slow reaction towards the slowdown.? Although many believe that this ?policy paralysis? has something to do with the fact that China?s leadership will soon be in transition, we doubt if the new leadership will change course very drastically.

This article originally appeared here: No signs of rebound for the Chinese economy, says PBOC?s adviser
Also sprach Analyst - World & China Economy, Global Finance, Real Estate

Read more posts on Also Sprach Analyst ?

Source: http://www.businessinsider.com/no-signs-of-rebound-for-the-chinese-economy-says-pboc8217s-adviser-2012-9

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MobilePunch: Nigeria?s debt rises as economic outlook improves http://t.co/byZdNn37

Sorry, Readability was unable to parse this page for content.

Source: http://twitter.com/MobilePunch/statuses/249493553091317761

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News Summary: Investment tips for a low-rate era

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