World Heritage Exhibition built with LEGO®

Posted on 11th May 2012 in The monuments of world

The World Heritage Exhibition is now celebrating its 40th anniversary with a unique charity art exhibition, “The PIECE of PEACE – World Heritage that is made by LEGO® blocks part 2”.

The exhibition runs through June 3rd at a specially set-up venue on the first floor of Tomiton Toyozaki Lifestyle Center at Toyozaki, Tomigusuku City. This is the first time a world heritage exhibition made entirely by LEGO® blocks is staged in Okinawa. The PIECE of PEACE exhibition began in Shibuya in Tokyo, and will run through the main cities of Japan. Already, more than 10,000 people have visited the exhibition to learn more about world heritage.

The main exhibition section, “Love Earth, Love Asia” features well-known world heritage sites, all built with LEGO® blocks. Some structures use over 10,000 pieces, while one single exhibit is made of over 20,000 pieces. The height and precision of each structure overwhelms visitors, and even the structures’ interiors are precise, and many visitors peeki into the interiors using penlights.

Shuri-Castle is exhibited representing Okinawa. The Lego® Shuri Castle is built using red and white LEGO® blocks that capture Shuri Castle perfectly.

The exhibition includes sites of the Ryukyu Kingdom/ Shuri-Castle, Greece/ the Acropolis of Athens, France/Mont-Saint-Michel and the ocean, Italy/ Piazza del Duomo, the Leaning Tower of Pisa, Vatican City and Colosseum, Egypt/ Nubian monuments from Abu Simbel to Philae, USA/ the Statue of Liberty, The Republic of Chile/Rapa Nui National Park (The Moai Statues), China/ the Great Wall of China, Cambodia/ Angkor Thom, Angkor Wat, India/ Taj Mahal, Japan/ cultural property of Kyoto (the Temple of the Golden Pavilion), Buddhism structures in the surroundings of the temple of Horyu, Shirakawago, Itsukushima Shinto Shrine, Denmark/ Roskilde Cathedral, Germany/ Town Hall and Roland on the Marketplace of Bremen, Spain/ Works of Antoni Gaudi, Brazil/ Brasilia (cathedral), Nepal/ the valley of Kathmandu (Swayambhunath temple), Turkey/ Historic Areas of Istanbul (Sultanahmet Camii), and Korea/ Hwaseong Fortress.
A part of admission fee and proceeds of product sales will be contributed to activities towards world heritage by the National Federation of UNESCO Associations in Japan.

In another venue, there are sections including a message from well-known people, an image of a TV program, called “The World Heritage” by TBS-TV, the picture of world heritage sites seen from space, and a LEGO® mini-shop, so not only children but also adults can enjoy the event.

The exhibition is open weekdays noon ~ 7 p.m., with entry until 6:30 p.m. Saturdays and Sundays through June 3rd the exhibition is open 10:30 a.m. ~ 8 p.m., with final entry at 7:30 p.m. Admission is 500 for everyone over 16, 300 for 7-15 year olds, and 200 for children 3-6.


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Is Automation the Handmaiden of Inequality?

Posted on 3rd May 2012 in The monuments of world

We’ve all heard it before: Americans are more productive than ever, but hourly compensation has stagnated for decades.

The facile explanation for this trend is that we outsourced all our manufacturing jobs. Except that our manufacturing output is higher than ever, and we’re in a dead heat with China for the title of world’s leading manufacturer of stuff.

I’m not arguing that outsourcing isn’t a big factor in this trend — clearly it is — but I’m more interested in another measure of American workers’ changing productivity. Check out what happens when we look at growth in US “Total Factor” productivity since WWII. You’ll notice that it has an inflection point in the early 1970′s, just like the wage growth graph up top.

Total factor productivity “measures any advancement that has been made in how to use existing resources to increase overall output and incomes,” but explicitly does not record changes in productivity due to net increases in the amount of machines or labor in an economy. (There’s more on this measure and its disconnect from IT deployment an earlier post.)

In other words, wage stagnation roughly tracks with stagnation in worker total factor productivity, or productivity minus all those machines and automation we’ve brought on board to make our megacorporations more profitable than ever.

Here’s how I would interpret the odd coincidence of these two trends: in a perfectly capitalist system, increased profit produced by automation flows to the owners of the business. Worker compensation stagnates because, while automation makes each worker more productive, it doesn’t make them any more valuable. While all these machines and IT infrastructure do require a quasi-elite caste of Mandarins to keep them running, on the whole, the skill required of individual laborers has actually gone down.

(Caveat emptor: I’m not an economist. Hit the comments if you have a different interpretation.)

The stagnation of total factor productivity, which is essentially the ability of workers to become more productive independent of machines, shows that US workers are maxed out. In this economy, working harder isn’t going to get you any further along. Education might, if it allows you to climb the value chain and acquire skills for which there is actually a shortage.

What’s interesting is that there are countries in which the productivity / wage disconnect hasn’t occurred, or is less severe. Unlike the UK, Canada and US, France and Italy have seen wages track more closely with productivity. What these countries have in common are strong labor protections and active labor unions. Which suggests that if workers want to claw back part of the value they’ve created, there is no mechanism in a laissez faire economy that will grant it to them.

@mims or email

It's a Snap: Travel photos from around the world

Posted on 3rd May 2012 in The monuments of world

Submitted by Chris Carr / UGC

Outrigger canoe off Kona, Hawaii

Our readers get around. This week’s photo gallery features stunning settings from seasides, mountainsides and manmade monuments, to photogenic wildlife.

Scroll through this impressive set of images and vote for your favorite at the bottom. 

Submitted by Audrianna Sibiski / UGC

Inside the Colosseum, Rome

Submitted by Anna Tymczak Rzemieniuk / UGC

An elk in Rocky Mountain National Park, Colo.

Submitted by Anna Tymczak Rzemieniuk / UGC

Along the Klondike Highway, Yukon Territory, Canada

Submitted by Robert Orff / UGC

Sunset on Miramar Beach, Fla.

Submitted by Jim Perkins / UGC

Submitted by Jim Perkins / UGC

Submitted by Adriana Soldevila Smith / UGC

Submitted by Tom Gubala / UGC

Submitted by Pravin Patel / UGC

Lions resting in Tanzania.

Submitted by Pravin Patel / UGC

Submitted by Tom Maurer / UGC

Sunrise over Shenandoah National Park, Va.

Submitted by Fred Kaplan / UGC

Key West, Fla., at sunset

Submitted by Jennifer Daigle / UGC

Morning on the Bayou De Zaire in Madisonville, La.

Submitted by Tresha Chi / UGC

Submitted by Brian Bumby / UGC

The Solfar Sun Voyager sculpture on the harbor at Rekjavik, Iceland, under the midnight sun

Submitted by Brian Bumby / UGC

Soldiers guarding Amalienborg Slot, home of Queen Margrethe II, in Copenhagen, Denmark

Submitted by Brian Bumby / UGC

Sunrise at Stonehenge, near Salisbury, England

 

If you have photos you’d like to share, submit them for a chance to be featured in the weekly gallery.

Also, be sure to check out previous It’s a Snap posts and galleries.

Which photo is your favorite? Vote and then tell us why you made your choice in the comments below.

 

Outrigger canoe off Kona

19.2%

(43 votes)

Solfar Sun Voyager sculpture, Iceland

17%

(38 votes)

Elk

9.4%

(21 votes)

Cape buffalo

8%

(18 votes)

The Colosseum, Rome

6.7%

(15 votes)

Lions

6.3%

(14 votes)

Klondike Highway, Yukon Territory

6.3%

(14 votes)

Miramar Beach, Fla.

5.4%

(12 votes)

Monument Valley, Utah

4.5%

(10 votes)

Key West, Fla.

3.1%

(7 votes)

Shenandoah National Park, Va.

3.1%

(7 votes)

Stonehenge

3.1%

(7 votes)

Bayou De Zaire in Madisonville, La.

2.2%

(5 votes)

Elephants

1.8%

(4 votes)

North Dakota

1.3%

(3 votes)

San Antonio, Texas

1.3%

(3 votes)

Amalienborg Slot, Copenhagen

0.9%

(2 votes)

Mount Atna, Italy

0.4%

(1 vote)

Reuters Sports Schedule at 0600 GMT on Sunday, April 22

Posted on 22nd April 2012 in The monuments of world

Reuters sports schedule at 0600 GMT on Sunday (times GMT)

- – - -

MOTOR RACING

Bahrain Formula One Grand Prix

MANAMA – Formula One champion Sebastian Vettel is on pole with Britain’s Lewis Hamilton alongside him for a Bahrain Grand Prix mired in controversy. (MOTOR RACING-PRIX/, expect by 1400, by Alan Baldwin, 600 words)

- – - -

SOCCER

Premier League

Manchester United v Everton (1130)

Liverpool v West Bromwich Albion (1500)

Wolverhampton Wanderers v Manchester City (1500)

LONDON – Manchester United can cement their position at the top of the table with victory at home to Everton while second place Manchester City play bottom club Wolverhampton Wanderers, who will be relegated if they fail to win. (SOCCER-ENGLAND/ expect by 1330, 500 words)

- -

La Liga

Granada CF v Getafe (1000)

Real Sociedad v Villarreal (1000)

Racing Santander v Athletic Bilbao (1400)

Atletico Madrid v Espanyol (1600)

Valencia v Real Betis (1930)

MADRID – With fourth-placed Malaga not playing at Osasuna until Monday, Valencia can go four points clear of the Andalusians in third with a win at home to Real Betis. (SOCCER-SPAIN/, expect by 1800, pix, by Iain Rogers, 400 words)

- -

Serie A

Fiorentina v Inter Milan (1030)

AC Milan v Bologna (1300)

Cesena v Palermo (1300)

Genoa v Siena (1300)

Lazio v Lecce (1300)

Juventus v AS Roma (1845)

Milan can overhaul leaders Juve with a win but only for a few hours if the Turin side down Roma (SOCCER-ITALY/, expect by 2200, pix, 400 words)

- -

Bundesliga

FC Augsburg v Schalke 04 (1330)

Hanover 96 v Freiburg (1530)

BERLIN – Schalke will look to cement their position in the third Champions League spot (SOCCER-GERMANY/, expect by 1800, 300 words)

- -

Ligue 1

Ajaccio v AS Nancy (1500)

Paris St Germain v Sochaux (1500)

Olympique Lyon v FC Lorient (1915)

PARIS – PSG must react to Montpellier going five points clear while Lyon need a win to boost their Europa League hopes (SOCCER-FRANCE/, expect by 1700, pix, 300 words)

- -

Dutch championship

ADO Den Haag v Feyenoord (1030)

AZ Alkmaar v VVV-Venlo (1230)

PSV Eindhoven v NEC Nijmegen (1230)

Ajax Amsterdam v Groningen (1430)

On merit

- – - -

TENNIS

ATP: Monte Carlo Masters (to 22)

MONTE CARLO – World number one Novak Djokovic faces seven times champion Rafael Nadal in the Monte Carlo Masters final, having beaten the Spaniard in their last seven encounters (TENNIS-MEN/MONTECARLO, expect by 1600, pix, by Gregory Blachier, 500 words)

- -

Fed Cup semi-finals (to 22)

Russia v Serbia, Moscow (1100)

Czech Republic v Italy, Ostrava (1000)

MOSCOW – Svetlana Kuznetsova survived a second-set wobble to brush aside Ana Ivanovic and bring Russia level at 1-1 with Serbia to set up an intriguing final day (TENNIS-FED/RUSSIA, pix, expect by 1700, 250 words)

- -

OSTRAVA, Czech Republic – Straight-sets wins by Petra Kvitova and Lucie Safarova put the defending champions Czech Republic 2-0 up against Italy and victory should be a formality on Sunday (TENNIS-FED/CZECH, expect by 1700, 250 words)

- – - -

ATHLETICS

London marathon

Champion Emmanuel Mutai and world record holder Patrick Makau are among the Kenyans looking for glory as the British capital stages another big event in the build-up to the Olympics (ATHLETICS-MARATHON/, expect by 1100, pix, by John Mehaffey and Alison Wildey, 500 words plus sidebars)

- – - -

CYCLING

Liege-Bastogne-Liege Classic, Belgium

The Liege-Bastogne-Liege Classic, one of cycling’s top five one-day races or ‘Monuments’, takes place on Sunday. 255.5 kilometres long and very hilly, Spain’s Joaquim Rodriguez, Belgium’s Phillipe Gilbert and Luxembourg duo Frank and Andy Schleck are amongst the top favourites. (CYCLING-LIEGE/, expect by 1800, Alasdair Fotheringham, 350 words)

- – - -

GOLF

European Tour: China Open, Tianjin (to 22)

South African Branden Grace will have his third European Tour title in sight when he goes into the final round of the $3 million China Open with a three-shot lead over defending champion Nicolas Colsaerts. (GOLF-EUROPEAN/CHINA, expect by 0930, 300 words)

- -

Asian Tour: Indonesian Masters, Jakarta

World number three Lee Westwood returns to complete his third round and convert his lead into a successful title defence at the weather-hit Asian Tour event.(GOLF-ASIA/INDONESIA, expect by 0930, 300 words)

- – - -

SNOOKER

World Snooker Championships, Crucible, Sheffield, England (to May 7)

Copy on merit

- – - -

Bettini previews worlds course in Limburg, tips Italy’s hand

Posted on 16th April 2012 in The monuments of world
  • By Gregor Brown
  • Published Apr. 14, 2012
  • Updated 14 hours ago

Bettini may get behind Cunego for the Limburg worlds. Photo: Gregor Brown

MAASTRICHT, Netherlands (VN) — Italy’s national team director, Paolo Bettini visited Limburg this weekend ahead of the Amstel Gold Race to preview the world championship parcours.

“I know it well,” he told VeloNews. “I raced my first worlds as a professional here in 1998.”

The world championships kick off on September 16 with a new trade team time trial. The crown event, the men’s road race is a week later on September 23.

As with the Amstel Gold Race tomorrow, the worlds road race starts in Maastricht and ends up the Cauberg climb above Valkenburg. The Amstel parcours wanders through the Limburg countryside and takes in 31 climbs, including the Cauberg three times. The men’s road race course follows along the same lines for the first 100 kilometers and then enters a closing circuit for 10 laps at 16.5 kilometers each. Riders will climb the Bemelerberg and the Cauberg each laps.

Bettini raced largely the same course 14 years ago, but without the early point-to-point section. Yesterday, he drove the 100km stretch and one lap of the circuit.

“Enough of the bike! I only ride every so often,” he said with a grin. Bettini was one of the best one-day cyclists of his era, winning the worlds twice, the Olympics once and monuments like Liège-Bastogne-Liège.

“The first 100km section will be more or less like the Amstel Gold Race, even a little easier than the first part of the Amstel,” he said. “The majority of it weaves its way though the countryside, small roads, so you can’t hang out at the back of the group. You need to stay at the front and be ready at all times.”

The first leg takes in seven climbs: Maasberg, Adsteeg, Lange Raarberg, Daelseweg, Rugweg, Eperheide and Hoogcruts. They’re climbs used in Amstel this year, with the exception of the Daelseweg, Rugweg and Hoogcruts. Afterwards, the race enters the circuit for 160 kilometers an 20 climbs.

Bettini said that the race will suit Amstel riders like Samuel Sánchez and Joaquím Rodríguez of Spain, Cadel Evans (Australia), Edvald Boasson Hagen (Norway) and Peter Sagan (Slovakia). He added that he might lead with Damiano Cunego, who won Amstel in 2008.

One key difference is that the worlds finish line is 1.5 kilometers after the top of the Cauberg. Bettini explained, “While someone can arrive solo in Amstel, it’s likely that four or five riders will re-group after the top in the worlds.”

The UCI introduced the point-to-point idea in 2010, when it took the riders from Melbourne to Geelong in Australia. Bettini took over as sports director earlier that year when Franco Ballerini died in a rally car crash.

“The true problem revolves around escapes,” Bettini said. “On a circuit, you can control them better and they never get more than three or four minutes. In a point-to-point race, the escape can get up to 15 minutes. You saw it in Geelong, where it was a very dangerous situation!”

This evening, Bettini will visit Cunego at his hotel over the border in Lanaken, Belgium. They’ll discuss the course and Italy’s plans for September 23.

FILED UNDER: News / Road TAGS: Amstel Gold Race / Damiano Cunego / Paolo Bettini / UCI World Road Championships

Belfast opens new home for its legendary export: HMS Titanic

Posted on 15th April 2012 in The monuments of world

BELFAST, Northern Ireland – I knew before I left for Belfast that the world is divided into those who don’t care, and those who can’t seem to get enough of the doomed ocean liner Titanic, which sank on its maiden Atlantic crossing a century ago today off the coast of Newfoundland.

The Belfast Titanic Society says there are more than 100 museums and monuments associated with the ship worldwide, and Belfast added to the list March 31 by opening a $150 million building on the slipway where the Titanic was built from 1909 to 1911. Tim Husbands, president of the foundation that runs Titanic Belfast, said the city “has, at last, a focal point for its Titanic and maritime heritage.”

For my wife and me, the nautical stuff was secondary. We thought maybe the new Titanic Belfast space had room for us to make like Leonardo DiCaprio and Kate Winslet in 1997′s Titanic. We wanted to do the “flying sequence” in the film, where Leo and Kate stand, hopelessly in love, with arms trustingly outstretched at the bow of the liner.

We’re suckers for that, and I don’t think we’re alone.

But, Belfast is the perfect place to understand the Titanic not just as a romantic or fictive ideal, but as something anchored in economics, social history, technology, and innovation. That took us first to the Ulster Folk and Transport Museum, the ungainly name for a sprawling collection of exhibits in a wooded preserve about seven miles east of central Belfast.

There’s a Titanic exhibit in domed buildings reminiscent of Quonset huts, with a snack bar, bookstore, seating for resting weary feet, and a welcoming pace that allows for slow absorption of the complex story behind the ship and its demise. Huge blowups of historic photos are hung on the curved walls and ceiling, and visitors walk over gantries and trusses as if they were at the 200-acre Harland & Wolff shipyard where the Titanic was built.

To get a sense of the size of the ship, the Titanic was 42 percent larger than any ocean liner in the world in 1912. The ship was a bit narrower than the Eagles’ football field is wide, and at 882 feet, nearly three times the length of the Lincoln Financial Field gridiron.

By contrast, the Costa Condoria that struck a reef Jan. 13 off the coast of Italy is 952 feet, proof that while they can make ships bigger today, they can still wreck them, too.

It wasn’t just size that set the Titanic apart, we learned. Belfast was a provincial powerhouse of invention, and the ship was, for example, the first ocean liner with onboard refrigeration. First-class passengers enjoyed fresh fruit and vegetables, cheeses and savories, chilled strawberries and champagne.

Of course, class and wealth mattered then as they do today. The first- and second-class passengers on the voyage – about 600 of the 2,200 people on board – had the best chow, private baths, and hot and cold water in their rooms. They could walk the decks any time they wanted, while the more than 700 third-class passengers were confined below decks, with only an hour on deck permitted daily – locked gates and armed guards enforced the rules. All of the third-class passengers shared only two bathrooms, one each for men and women.

Titanic sank three hours after hitting an iceberg. More than 1,500 men, women, and children died because there weren’t enough lifeboats on the ship. There was room on Titanic for enough lifeboats to save 4,000 people, but the company cut corners on safety. Only about 700 passengers survived, yet there were almost 500 empty seats on the 20 lifeboats that were launched. Most of those who died were third-class passengers and crew.

One of the crew lost was assistant ship’s physician John Edward Simpson. We met his great-nephew John Martin and great-niece Kate Dornan at the Belfast Titanic Society monthly meeting in March. Martin, a retired physician, spoke about his great-uncle and shared photos and eyewitness accounts of Simpson’s last minutes on the Titanic.

“There were three survivors who spoke about Simpson,” Martin told the jammed auditorium. One of his nurses was so upset as the ship began to fall apart, he poured her a whiskey and water to calm her. “?’Let’s drink to the mighty Titanic,’ she said he joked with her.”

“He went on deck to help load the lifeboats,” Martin continued. After securing the last boat, he gave his flashlight, a valuable and rare appliance for the day, to the engineer pushing off, saying he would no longer need it.

“Goodbye, old man,” were his last words, according to witnesses, Martin said.

Asked if his great-uncle was a hero, Martin paused a moment and offered, “If he was a hero, there were 1,500 other heroes that night taken by the Atlantic.”

The next day, we met Susie Millar, a retired BBC broadcaster whose great-grandfather was an engineer on the Titanic. Her grandfather was 5 years old when the liner sailed down the Lagan River with his father, Thomas Millar, on board. Before he left, Millar gave the boy two pennies dated 1912 and told him not to spend them until he returned.

“Of course, he never returned,” said Susie Millar, who drove us to the family cottage a few miles downriver, the site where her grandfather saw the ship and his father leave Belfast forever. “And my grandfather never spent the pennies. They’re on loan to the Titanic Museum in Pigeon Forge, Tenn.”

Billy Scott, a native of Belfast and former British soldier, took us to see the great dry dock where the Titanic got its three propellers, rudder, and paint job. The plan is to permanently seal the dock so that visitors can descend into the immense cavity where once the Titanic lay.

“They’ll be showing the old movies down there for the tourists soon,” said Scott, whose great-granduncles worked on the Titanic. “Should scare the pants off you.”

And then it was time to walk through Titanic Belfast, which calls itself not a museum but a “sensory experience” about a “global brand.” The structure up close looks like a series of huge ships pulled close to the docks, their prows arching skyward.

Inside, everything is digital and photographic presentation, with a few Disney touches – a mockup of the rudder, “molten” steel being poured for the hull, a huge gantry carrying workers to the top of the ship, and lots of archival film, including interactive media. The best part, the most arresting moment in our four days of trying to discover the Titanic in Belfast, came atop the building.

From there, one looks out at the Titanic slipway, with the ship’s form outlined in lights. Then the unsettling truth becomes clear that where we were standing by a glass wall overlooking the docks below would be where Leo and Kate where doing the “flying” scene.

Looking down made us almost ill, so terrifying was the height. Pause a moment, and you realize that that was just the bow of Titanic. The rest of the immense ship continued skyward.

Leaving the building brought fresh challenges. After the first-floor cafe and bistro, the private elevator rises to the top-floor banquet area – where we got dizzy, and which is otherwise closed to tourists – and there’s a souvenir shop where Titanic books from scientific to social history to kids’ treatments filled shelves, along with T-shirts, refrigerator magnets, pencils, notebooks, calendars, wall hangings, and the like. (In the city, you can buy Titanic whiskey, Titanic potato chips, candies, and other oddities.)

A rubber duck, though, brought me to sober reflection.

Dressed like a ship’s officer on the Titanic, the toy reminded me that while the duck still floats, the Titanic and all those innocent souls are at the bottom of the sea.

To comment, e-mail TravelTalk@phillynews.com.

Italy's museum czar's recipe: Cultural tourism can help end recession

Posted on 11th April 2012 in The monuments of world

ROME – One of Italy‘s top culture officials has pushed private investment in the country’s museums and galleries and the seemingly insatiable Chinese and Indian appetites for art and archaeology as the way to pull the country out of its recession.

Mario Resca, a former CEO of McDonald’s Italian operations who was appointed in 2008 by the government of Silvio Berlusconi to be director-general of the Culture Ministry, said that an increase in ticket sales to Italian museums has not been matched by an increase in state finding .

Chatting with a small group of foreign correspondents in Rome, Resca said the number of visitors to state museums and archaeological sites increased by some 15 per cent from 2009 to 2010 and by about 7 per cent from 2010 to 2011.

But budgets and investment have not risen with visitor numbers. Resca acknowledges that the budget shortfall isn’t about to be reversed, thanks to the latest round of austerity cuts ordered by Berlusconi’s successor, Premier Mario Monti.

Instead, Resca proposes that Italy should look to private investment to develop the economic potential of its cultural heritage, adding that Monti was “making a mistake” by not pushing for tax breaks to encourage private investment in Italy’s museums and archaeological tourist sites.

“It’s hard to restart (the economy) with manufacturing,” Resca argued. Selling more Italian cars and refrigerators isn’t about to make the country the global leader in manufacturing, but Italy is well-positioned to become the world’s No. 1 in tourism centred on culture, he said.

“Indians, Chinese don’t come to swim or ski in Italy but to see our culture,” Resca added.

Appointed to tap the economic potential of Italy’s artistic and archaeological heritage, the culture ministry official has pushed for longer museum hours to encourage more Italians to visit them. “If we close a museum at 5 p.m., only vacationers can go.”

At the time, the appointment of a former hamburger chain executive to improve the situation of Italy’s museums and monuments set off an outcry from museum directors and art world officials worried that he lacked the professional background for the post.

Resca, whose mandate runs out in a few months, brushed off the fears.

“Maybe an art historian isn’t the best person to manage Pompeii, with 900 employees, contracts to stipulate,” said Resca.

Italy's museum czar: Culture can save the economy

Posted on 11th April 2012 in The monuments of world

ROME (AP) — One of Italy‘s top culture officials has pushed private investment in the country’s museums and galleries and the seemingly insatiable Chinese and Indian appetites for art and archaeology as the way to pull the country out of its recession.

Mario Resca, a former CEO of McDonald’s Italian operations who was appointed in 2008 by the government of Silvio Berlusconi to be director-general of the Culture Ministry, said that an increase in ticket sales to Italian museums has not been matched by an increase in state finding .

Chatting with a small group of foreign correspondents in Rome, Resca said the number of visitors to state museums and archaeological sites increased by some 15 percent from 2009 to 2010 and by about 7 percent from 2010 to 2011.

But budgets and investment have not risen with visitor numbers. Resca acknowledges that the budget shortfall isn’t about to be reversed, thanks to the latest round of austerity cuts ordered by Berlusconi’s successor, Premier Mario Monti.

Instead, Resca proposes that Italy should look to private investment to develop the economic potential of its cultural heritage, adding that Monti was “making a mistake” by not pushing for tax breaks to encourage private investment in Italy’s museums and archaeological tourist sites.

“It’s hard to restart (the economy) with manufacturing,” Resca argued. Selling more Italian cars and refrigerators isn’t about to make the country the global leader in manufacturing, but Italy is well-positioned to become the world’s No. 1 in tourism centered on culture, he said.

“Indians, Chinese don’t come to swim or ski in Italy but to see our culture,” Resca added.

Appointed to tap the economic potential of Italy’s artistic and archaeological heritage, the culture ministry official has pushed for longer museum hours to encourage more Italians to visit them. “If we close a museum at 5 p.m., only vacationers can go.”

At the time, the appointment of a former hamburger chain executive to improve the situation of Italy’s museums and monuments set off an outcry from museum directors and art world officials worried that he lacked the professional background for the post.

Resca, whose mandate runs out in a few months, brushed off the fears.

“Maybe an art historian isn’t the best person to manage Pompeii, with 900 employees, contracts to stipulate,” said Resca.

Toronto stock market higher after Alcoa reassures on earnings, outlook

Posted on 11th April 2012 in The monuments of world

TORONTO – The Toronto stock market was higher Wednesday as a strong earnings report from aluminum giant Alcoa Inc. raised hopes that the first-quarter earnings season won’t be as bad as expected.

The S&P/TSX composite index ran ahead 82.41 points to 12,017.7 while the TSX Venture Exchange was ahead 9.81 points to 1,440.91.

The Canadian dollar was up 0.27 of a cent to 99.86 cents US.

U.S. markets were sharply higher after the largest U.S. aluminum manufacturer said Tuesday after the market close that it earned 10 cents a share in the first quarter against expectations of a four cent a share loss. Alcoa is considered a barometer for the U.S. economy as it sells its aluminum to a wide range of customers.

Alcoa also reaffirmed its forecast of a seven per cent increase in 2012 global aluminum demand and its shares were ahead 8.05 per cent to US$10.07 in New York.

The Dow Jones industrials rose 99.6 points to 12,815.53.

The Nasdaq composite index gained 36.89 points to 3,028.11 and the S&P 500 index climbed 13.2 points to 1,371.79.

North American markets finished lower for a fifth straight session Tuesday, with investors sidelined amid data from China indicating slower growth in imports and exports while Spain saw its 10-year bond yield hit four-month highs of over 5.9 per cent.

But traders have also been nervous about how the first-quarter earnings season will play out.

Analyst expectations for earnings for companies in the Standard & Poor’s 500 index went from anticipation of an increase of about three per cent early in the quarter to an expected decline of 0.1 per cent, according to FactSet.

Such a dip would follow three straight years of strong double-digit earnings growth.

“For this cycle, I think we have seen peak earnings, peak profitability,” said Paul Vaillancourt , CEO of Canadian Wealth Management in Calgary.

“But companies are not going to start losing money this quarter, it’s just the rate of growth will decelerate. And so you won’t see the same quarter over quarter, year over year growth in earnings but that’s what happens at this stage in the recovery.”

He said what is important is that the U.S. economic recovery has become self-sustaining “and that’s what really matters.”

Tuesday’s losses had erased all gains on the TSX for 2012, leaving the main index about 20 points shy of where it started the year.

The European debt crisis continued to be in focus Wednesday as Italy’s borrowing costs more than doubled in a couple of bond auctions due to renewed market uncertainty about debt and growth prospects among the 17-country eurozone’s weakest members.

The borrowing rates of Italy and other financially shaky countries like Spain had eased in recent months after the European Central Bank gave banks emergency loans and the government of Italian Prime Minister Mario Monti implemented austerity measures.

However, that lending program by the ECB expired at the end of March.

Commodities were mixed after demand concerns sent prices for oil and metals lower on Tuesday.

Copper prices stabilized and were unchanged at US$3.65 a pound. Prices for copper, which is viewed as an economic barometer as it is used in so many businesses, have tumbled about seven per cent in the past week amid soft Chinese economic data. But the base metals sector was ahead 2.2 per cent as Teck Resources (TSX:TCK.B) advanced 91 cents to C$35.71 and HudBay Minerals (TSX:HBM) climbed 22 cents to $10.49.

The industrials sector rose about 1.59 per cent as Canadian National Railways (TSX:CNR) climbed $1.17 to $77.22 while Canadian Pacific Railway (TSX:CP) improved by 89 cents to $74.15.

The May crude contract on the New York Mercantile Exchange gained $1.29 to US$102.31 a barrel and the energy sector climbed 1.42 per cent. Suncor Energy (TSX:SU) rose 51 cents to C$30.19 while Cenovus Energy (TSX:CVE) was up 57 cents to $33.95.

The gold sector was the only decliner, down 0.57 per cent even as gold shed early losses and was unchanged at US$1,660.70 an ounce. Barrick Gold Corp. (TSX:ABX) faded 22 cents to C$41.49 while Kinross Gold Corp. (TSX:K) shed 18 cents to $9.22.

Romania’s environment minister says an application by Gabriel Resources Ltd. (TSX:GBU) for permits to move ahead with a controversial gold mine can’t be speeded up as requested. Opponents say building the open-pit mine would damage ancient monuments and destroy a mountain face. Gabriel shares dipped nine cents to $3.16.

European markets were positive with London’s FTSE 100 index ahead 0.7 per cent, Frankfurt’s DAX up 1.16 per cent and the Paris CAC 40 ahead 0.75 per cent.

Earlier in Asia, Tokyo’s Nikkei 225 fell 0.8 per cent, Hong Kong’s Hang Seng dropped 1.1 per cent and Seoul’s Kospi edged 0.1 per cent lower, while the Shanghai Composite Index edged 0.1 per cent higher.

Markets will be closely watching for first-quarter gross domestic product results, starting with China on Friday. China lowered its GDP growth target last month to 7.5 per cent, sparking concern that the world’s second-largest economy is slowing faster than expected.

In Canadian earnings news, Astral Media Inc. (TSX:ACM.A) had a $38.2-million profit in its second quarter, a 10 per cent increase over the same period a year earlier. Revenue rose to $233.5 million from $232.7 million and its shares added a penny to $48.48.

Dollarama Inc. (TSX:DOL) says its net income soared 51 per cent to $63.6 million or 84 cents per diluted share in its fiscal fourth quarter, up from $42 million or 56 cents per share a year earlier. The discount chain’s sales jumped 14.7 per cent to $468.7 million. Its shares gained $3.80 to $52.16.

Art, cultural treasures once stolen by Nazis to be unveiled tomorrow at SMU's Meadows Museum

Posted on 26th March 2012 in The monuments of world

In the years during World War II, Nazis stole, destroyed and scattered hundreds of thousands of European artistic treasures around the world — and prompted a decades-long, worldwide search to find them.

A Dallas foundation has played a leading role in helping to track down the missing works of art. The Monuments Men Foundation for the Preservation of Art will unveil its latest discovery and present it to the National Archive on Tuesday at the Meadows Museum.

Dallas businessman and Southern Methodist University graduate Robert M. Edsel took up the cause after living in Florence, Italy with his family and being drawn to European art. He founded the nonprofit organization in Dallas in 2007 and went on to receive the National Medal of Humanities from President Bush that year.

He co-authored a book about the hundreds of men and women, known as the Monuments Men, who searched for the artwork following the war. His book, The Monuments Men: Allied Heroes, Nazi Thieves and the Greatest Treasure Hunt in History, is now bound for the silver screen. The movie will be directed by George Clooney.