Russia spends almost $700 mln to boost Gazprombank capital

Dec 31 (Reuters) – The Russian government has bought almost $700 million worth of state bank Gazprombank’s shares, the bank said on Wednesday, in the latest support for a banking sector suffering from Western sanctions over the Ukraine crisis and a sharp economic slowdown.

Gazprombank said the government had bought 39.95 billion roubles ($685.5 million) of the bank’s preference shares on Tuesday, using money the bank had returned to the country’s National Wealth Fund (NWF) by repaying subordinated deposits it received earlier.

“The conversion allows the bank to strengthen its capital structure and provides for sufficient scope to expand its operations,” the bank said, adding that preference shares are non-voting and therefore the share purchase would not affect the voting rights of current shareholders.

Russia’s government is stepping up efforts to support large banks and state companies as the economy slides towards recession and a currency crisis gathers momentum, threatening to shatter the economic stability on which President Vladimir Putin’s popularity partly rests.

Putin said early this month that domestic banks should be supported to boost lending to important projects in the real sector of the economy.

“We have a large amount of internal savings, they should become effective investments,” Putin said in his annual state of the union speech.

CAPITAL BOOST

Russian banks are reeling from the plunge in the rouble, which prompted a spike in deposit withdrawals as Russians rushed to convert their savings into hard currencies, and sanctions over Ukraine that sharply raised their funding costs.

Finance Minister Anton Siluanov said last week that Gazprombank was seeking 70 billion roubles from the NWF, one of two rainy-day funds that count as part of Russia’s international reserves.

Another state lender, VTB Bank received 100 billion roubles from the NWF earlier this week, and VTB expects to receive a further 150 billion roubles by the end of the first quarter of 2015 to increase its capital and fund investment projects approved by the government.

Last week Russian authorities also significantly scaled up rescue funds for mid-sized lender Trust Bank, saying they would provide up to $2.4 billion in loans to bail it out.

Both Gazprombank and VTB received separate state support earlier in the year.

The banking sector is set to receive an additional capital boost of up to 1 trillion roubles from early next year after Putin signed into law legislation allowing the government to give banks OFZ treasury bonds via a state corporation.

It is not clear which banks could benefit from that law, but VTB and Gazprombank are seen as contenders as they are considered “systemically important.”

Ukraine’s top intelligence agency deeply infiltrated by Russian spies

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KIEV, Ukraine – On a morning earlier this year, Ukraine’s top intelligence officials woke up to discover that the country’s spy agency had been ransacked and torched by intruders who seemed to know what they were looking for.

The previous night, it turned out, the country’s pro-Russian president, Viktor Yanukovych, had ordered his operatives to steal a trove of state secrets from Ukraine’s Security Service, known as the SBU, before fleeing to Moscow on Feb. 22.

During their raid on the spy agency, the thieves also stole data on more than 22,000 officers and informants as well as anything documenting decades of cooperation between the SBU and its Russian counterpart, the Federal Security Service, or FSB.

What the burglars weren’t able to carry, they burned or destroyed.

What the burglars weren’t able to carry, they burned or destroyed. In the ruins of the offices, scorched files and empty folders lay strewn on the floors.

“Every hard drive and flash drive was destroyed — smashed with hammers,” said one current Ukrainian intelligence official recently. By the time he and his colleagues got there, “it was all ash and dust.”

For a country in the shadow of Russia and embarking on an uncertain path toward democracy, the break-in was devastating.

As the current SBU director Valentyn Nalyvaichenko put it, the thieves took “everything that forms a basis for a professional intelligence service.”

Valentyn-Nalyvaichenko

Just days after the break-in, the director of the intelligence service, Oleksandr Yakymenko, surfaced in Russia, having defected with four other top spies and a dozen or so subordinates loyal to Moscow.

In the following weeks and months, the security service was thrown into turmoil as the agents’ new allegiances played out. After the Russian invasion of Crimea, thousands of Ukrainian spies switched sides and began reporting to Moscow.

Similarly, as the Kremlin-backed insurgency took off in eastern Ukraine, dozens of Ukrainian agents in there became agents of the Kremlin.

“We have no idea who we can trust right now,” said a top SBU spy, still loyal to the government in Kiev.

“Everybody is suspicious of everybody.”

When Nalyvaichenko became the SBU’s new chief on Feb. 24, he inherited a spy agency already riddled with spies. According to him, as many as one in five SBU agents had either worked for the Soviet KGB or studied at its training academy.

Even as Ukraine was in the midst of pro-democracy protests, a team of 30 Russian agents from the FSB came to Ukraine to meet with Yakymenko, allegedly to discuss assisting his officers in quashing the civil uprising.

Since then, the SBU has sought to root out pro-Russian spooks among its ranks.

Gun smugglers

So far, 235 agents, including the former counterintelligence chief and his cousin, and hundreds of other operatives believed to be working for Moscow, have been arrested and 25 high treason probes against Yanukovych-era SBU officials have been launched. All regional directors for the agency have changed, as well as half of their deputies.

After the arrests, Nalyvaichenko boldly stated that “all traitors” have been purgedfrom the SBU — a declaration that even the agency’s own officials say they find hard to believe.

Indeed, three senior sources from within Ukraine’s security services, who agreed to be interviewed on condition of anonymity, said the thefts and mass defections had compromised SBU more severely than previously acknowledged.

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Ukrainian soldiers get new tanks and other military vehicles on Dec. 6, 2014.

Many agents with ties to the Russians are “still in the business,” as one of the SBU officials said. He added, however, that these mostly dormant agents are “closely watched” by Ukraine’s own security services.

Olexiy Melnyk, co-director for Foreign Relations and International Security Programs at the Kiev-based Razumkov Center, said that Nalyvaichenko’s assessment is “too optimistic.”

“It’s very unlikely that they got rid of all collaborators and spies,”

In April, as fighting raged between government forces and Kremlin-backed separatists in eastern Ukraine, the SBU started planning a secret operation for its elite tactical unit, called Alpha. An enigmatic Russian known as Igor “Strelkov” Girkin, himself a confessed former FSB agent, was commanding rebel fighters on the front lines and the Ukrainians were keen to get him.

Strelkov

Igor Strelkov, the top military commander of the self-proclaimed ‘Donetsk People’s Republic’, delivers a press conference on July 28, 2014 in Donetsk, eastern Ukraine

According to two senior Ukrainian security officials, agents had figured out that Girkin was spending time at a checkpoint on the edge of Sloviansk with several of his fighters. But no sooner had the operation gotten underway before Girkin was tipped off by a mole inside the Ukrainian security service and he slipped away.

He has since surfaced in Russia, where he has become quite the star after boasting that he “was the one who pulled the trigger of war” in Ukraine.

But sabotage and defectors are not the only challenges — the country’s security service is also hobbled by inexperience and a lack of funds, officials said.

Sergei Shoigu

In this photo provided by the Russian Defense Ministry, Russian Defense Minister Sergei Shoigu, left, awards a former Ukrainian special forces “Berkut” officer, back to camera, at a military base in Sevastopol, Crimea, Monday, March 24, 2014.

To overhaul the agency, the SBU has brought in scores of fresh recruits. But while the young agents come from more Kiev-friendly western regions of Ukraine, many of the recruits — who are mostly in their early twenties — have little experience. Still, the intelligence service has little choice.

“What is better, to have professional former KGB guys who probably still have more friends in [Russia] or have loyal young guys who can learn and who we can be confident he will not leak secrets to Russia?” said Melnyk.

And it may not be very hard to turn the new recruits as pay is meager — about $200 per month — and moonlighting as a Russian informant may pay “three, maybe four times more,” according to one SBU officer.

To test their loyalty, new and old agents are subjected to recurrent interrogations and lie detector tests. But, as one security officer put it: “the rifle is the best lie detector.”

Putin critic gets suspended sentence

Russian opposition activist and anti-corruption crusader Alexei Navalny, 38, left, and his brother Oleg Navalny stand at a court in Moscow, Russia, Tuesday, Dec. 30, 2014

Russian opposition leader Alexei Navalny has been been found guilty in a high-profile fraud case.

Navalny has been given a suspended prison sentence of three-and-a-half years for defrauding two firms.

His brother Oleg has been given a three-and-a-half custodial sentence in the same trial.

Oleg és Alekszej Navalnij (AFP PHOTO / DMITRY SEREBRYAKOV)

Navalny, who accuses the government of President Vladimir Putin of widespread corruption, has said the charges are politically motivated.

The brothers have been convicted of stealing 30m roubles (£334,600; $518,100) from the firms, one of which is an affiliate of French cosmetics giant Yves Rocher.

The verdict was to have been announced next month, but the court session was abruptly moved forward to Tuesday after his supporters announced plans for a big protest rally on 15 January.

Alexei Navalny has been one of Mr Putin’s fiercest critics for several years. He led mass protests against the president in 2011.

A supporter of opposition leader and anti-corruption blogger Alexei Navalny stands next to policemen blocking a street near a court building during his hearing in Moscow December 30, 2014Mr Navalny led huge anti-corruption protests in 2011

Tuesday’s verdict is the latest in a series of criminal cases against Navalny, which he says are fabricated to neutralise his political influence.

He is already under house arrest, serving a five-year suspended sentence for the alleged theft of 16m roubles (£175,400; $276,300) from a timber firm in 2009.

The BBC’s Steve Rosenberg in Moscow said that Navalny was clearly shocked by the outcome of the trial for his brother.

“Why are you putting him in prison?” he asked the judge. “To punish me even harder?”

Mr Navalny has mobilised thousands of supporters on social media. His supporters plan a rally at 19:00 (16:00 GMT) on Tuesday. They plan to hold it in Moscow’s Manezh Square, near the Kremlin, an announcement on Facebook said.

What makes the Sony hack any different from the ‘Fappening’?

When hackers unknown published the stolen nude photographs of female celebrities in September, the backlash was both fierce and nearly instantaneous:

“Anybody who looked at those pictures, you’re perpetuating a sexual offense,” the actress Jennifer Lawrence told Vanity Fair. “You should cower with shame.”

Continue reading What makes the Sony hack any different from the ‘Fappening’?

Jennifer Lawrence’s Fappening Bodyguard Gets His 15 Minutes of Fame

Jennifer Lawrence’s sexy bodyguard has been causing a stir among fans and is now getting a lot of attention on social media.

First spotted with the “Hunger Games” star at the Los Angeles International Airport on December 15, Justin Riblet is now inspiring tributes from adoring fans, US Weekly reported. Riblet turned heads at LAX in his gray sports coat, white collared shirt and jeans while he accompanied Lawrence who went incognito in a wide-brimmed hat and sunglasses.

“He’s very popular amongst the ladies in Jen’s team,” a source close to Lawrence tells Us Weekly.

Riblet has trended on social media with fans — mostly female — fawning over his chiselled good looks and buff body. Twitter users said that Lawrence’s new bodyguard “looks like a freaking model,” is “the hottest” and is “such a babe.”

Some admirers even suggested that Riblet should have chosen a more glamorous career path, writes International Business Times. “He looks like a freaking model,” one person wrote. “If I were Jennifer, that would be my next boyfriend,” another said. “I want to be Jennifer for one day with JR by my side.”

Lawrence, 24, is now back on the market following her split with Coldplay’s Chris Martin, and who knows if she does a Whitney Houston and falls for the bodyguard.

Facts about Riblet have surfaced following all the attention he is getting. His LinkedIn profile reveals that he is a graduate of Rutgers University – Camden with a Bachelor of Arts in Criminal Justice. After his graduation in 2007, he served as a Special Forces weapons sergeant in the US army for five years.

Fappening Star Kate Upton Named “Sexiest Woman Alive”

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People Magazine has naed Kate Upton their sexiest woman alive on Thursday night during the magazine’s inaugural awards show at the Beverly Hilton Hotel in California.

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“There are a lot of reasons why Kate is sexy. Style, career, achievements, sense of humor, personality – oh and did

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I mention her … looks?” actor Eric Dane stated as he presented the award to the 22-year-old Sports Illustrated model.

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During her acceptance speech, Upton defined the term sexy in her own words. She stated:

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“This is such an honor to me because sexy to me means somebody who’s confident and happy and that’s the person

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I always strive to be. Thanks to my fans.”

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She added, humorously, “I’m so, so sorry to my 18-year-old brother. Poor David.”

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Upton is most widely known for gracing the cover of Sports Illustrated two years in a row.

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She was the first model to ever appear solo in the magazine’s Swimsuit Edition. She has also acted alongside Cameron Diaz and Leslie Mann in “The Other Woman.”

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Upton is the first woman to receive this award. “Thor” actor, Chris Hemsworth was named People Magazine’s sexiest man alive roughly one month ago.

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Other winners included: Karlie Kloss for Model of the Year, Kate Hudson for Celebrity Role Model of the Year,

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Jimmy Fallon for Talk Show Host of the Year, Gwen Stefani for Style Icon of the Year and Kevin Hart for Comedy Star of the Year. For the full list, click here.

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The winners of the People Magazine Awards were chosen by editors from Peopleas well as editors from their sister publication, Entertainment Weekly.

1.4 Billion Reasons Why Jennifer Lawrence Won 2014

It’s Jennifer Lawrence’s world, and we’re just living in it.

At just 24, the starlet has accomplished more than most have in our lifetime. She’s an Oscar winner. She’s charted on the Billboard Hot 100 list. And, according to Forbes, she’s the highest-grossing actor in all of Hollywood, raking in a whopping $1.4 billion at the box office this year thanks in part to blockbusters like The Hunger Games: Mockingjay Part 1 and X-Men: Days of Future Past.

But for all of her success on the screen, she’s had her share of troubles. And her responses to those issues remind us that Jennifer Lawrence is more than just a brilliant entertainer.

Continue reading 1.4 Billion Reasons Why Jennifer Lawrence Won 2014

Kim Kardashian’s curves, Rihanna’s nipples and the all-together fappening: Celebrities got naked in 2014

From Kim Kardashian West’s full frontal #breaktheinternet stunt to the leaked iCloud celebrity nude pictures, it is safe to say that 2014 gave us more celebrity nudity than we could throw an awkward sex tape at.

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While stars selling sex isn’t a new phenomenon, it seems like these last 12 months you couldn’t move for the breasts, bottoms and lady gardens being thrust in your face at every turn.

Thanks to the internet, and some hackers, mere mortals were given unprecedented access and the once fantastical private parts of the rich and famous became trending topics on social media.

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Gone were the days we needed a PETA advert or a sex tape conveniently leaked ahead of an album release, for our minds to wonder. The Hollywood crowd gave all the smutty material we needed–wrapped up in (self) promotion – for free.

Rihanna’s pieced nipples on the cover of Lui magazine, Beyonce performing Partition in a thong suit, and Miley Cyrus going topless for no reason, it was actually harder to name a female entertainer who didn’t go down the X-rated route.

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That’s not even taking into consideration the celebrity nude leak.

Was it right? No. Were millions entertained, shocked, appealed? Sadly, yes.

Here we look at back at the year that had every Tom, Dick and Harry from tinsel town shedding their clothes.

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Celebrity nude leaks

Without a doubt, the biggest celebrity scandal of the year, was the leak of hundreds of explicit images of celebrities such as Jennifer Lawrence, Kim Kardashian, Kate Upton and Arianna Grande in August.

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Not only did the hack, dubbed the Fappening, feature epic proportions of nudity, it forced Apple to defend the security of its iCloud network.

Lawrence, who had scores of intimate images of her in various states of undress first posted on 4chan and Reddit, said she felt sexually exploited those responsible.

“It is a sexual violation. It’s disgusting. The law needs to be changed, and we need to change,” she told Vanity Fair magazine.

“Just because I’m a public figure, just because I’m an actress, does not mean that I asked for this. It does not mean that it comes with the territory.”

Clearly your celebrity status doesn’t safeguard you from the revenge porn culture.

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Kim Kardashian’s latest photo shoot for Paper Magazineheyzulbear/twitter

It has been a memorable year for reality queen Kim Kardashian.

She got married to rapper Kanye West, she covered Vogue and, oh yeah, her risqué spread for Paper Magazine single-handedly sent fans into a frenzy and broke the internet.

Although it was not the first time the mum-of-one had stripped down to her birthday suit, she managed to outdo herself with the help of her million dollar smile and lashings of baby oil.

The image of Kardashian, 34,  full frontal with her oiled-up booty on display will be etched unto the minds of millions way into the new year.

Bums, bottoms and a whole lot of arse

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When drake dropped the lyrics “started from the bottom, now we’re here” he could have easily been describing the cultural obsession with bums that has seemingly imploded in the last 12 months.

Fresh of the twerking train, celeb high flyers including Nicki Minaj, Khloe Kardashian and Beyonce had the world talking about their bootylicious behinds.

Jennifer Lopez showcased her famous derriere in the single artwork for her latest single ‘Booty’Instagram

Jennifer Lopez, who basically started the fad with her famous green plunging, derriere-hugging Versace gown at the 2000 Grammys, got fans reminiscing with her sexually-charged video for her track, Booty.

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The 45-year-old singer and rapper Iggy azalea can be seen shaking their behinds suggestively. It’s like the video’s director said “All we need is lots of close-ups, twerking and baby oil.” Enough said.

Rapper Nicki Minaj sent pulses racing with the controversial cover art for her banger Anaconda.

The explicit photo, which shows the rapper in a squat position with her butt and G-string exposed to the cameras, was not for the fainted hearted. It inspired spoofs and provoked backlash. Let’s not even get into the video! 

 Topless overkill

In 2014, orange became the new black and topless became the bra.

Rihanna, Miley Cyrus, Anne Hathaway are just a few of the celeb high fliers that threw caution, and their bra, to the wind to pose topless.

Famously conservative Keira knightley even flew the flag for small-breasted women everywhere with her spread in the September issue of Interview magazine.

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She decided to go nude from the waist up with just a pair of dark trousers and long lace gloves, completing the look with wet hair.

“Anyone calling these shots ‘sexy’ is horribly, horribly misguided. To me, it’s clear that Keira hasn’t got her tits out for the purpose of male titillation,” the Telegraph’s Claire Cohen said of the striking editorial captured by renowned fashion photographer Patrick Demarchelier.

“Powerful, yes. Strong, yes. Feminist, absolutely. X-rated? Not even close”

A form of protest or simply an excuse to get her kit off? Only she really knows.

Madonna, aged 56, got her breasts too. But the less said about that the better.

Gmail Has Been Blocked In China

Google in China

Google Inc’s Gmail was blocked in China after months of disruptions to the world’s biggest email service, with an anti-censorship advocate suggesting the Great Firewall was to blame.

Large numbers of Gmail web addresses were cut off in China on Friday, said GreatFire.org, a China-based freedom of speech advocacy group. Users said the service was still down on Monday.

“I think the government is just trying to further eliminate Google’s presence in China and even weaken its market overseas,” said a member of GreatFire.org, who uses a pseudonym.

“Imagine if Gmail users might not get through to Chinese clients. Many people outside China might be forced to switch away from Gmail.”

Google’s own Transparency Report, which shows real-time traffic to Google services, displayed a sharp drop-off in traffic to Gmail from China on Friday.

“We’ve checked and there’s nothing wrong on our end,” a Singapore-based spokesman for Google said in an email.

Almost all of Google’s services have been heavily disrupted in China since June this year, but until last week Gmail users could still access emails downloaded via protocols like IMAP, SMTP and POP3. These had let people communicate using Gmail on apps like the Apple iPhone’s Mail and Microsoft Outlook.

China maintains tight control over the internet, nipping in the bud any signs of dissent or challenges to the ruling Communist Party’s leadership.

The country is host to the world’s most sophisticated internet censorship mechanism, known as the Great Firewall of China. Critics say China has stepped up its disruption of foreign online services like Google over the past year to create an internet cut off from the rest of the world.

The Google disruption began in the run-up to the 25th anniversary of the government’s bloody crackdown on pro-democracy demonstrators around Beijing’s Tiananmen Square on June 4, 1989.

Gmail’s setback could make email communication difficult for companies operating in China which use Google’s Gmail for their corporate email system, said GreatFire.

One popular way for companies and people to get around China’s internet censorship is to use a Virtual Private Network (VPN) which allows unhindered access to blocked sites and services.

“It’s becoming harder and harder to connect and do work in China when services like Gmail are being blocked,” said Zach Smith, a Beijing-based digital products manager at City Weekend magazine. “Using a VPN seems to be the only answer to doing anything these days online in China.”

Russian opposition leader Navalny faces early verdict

Alexei Navalny being arrested, 24 Feb 14

One of Russia’s best-known opposition leaders, Alexei Navalny, will face sentencing on Tuesday, two weeks earlier than originally planned.

The surprise move came after his supporters had announced plans for a big protest rally on 15 January, when the verdict and sentence had been due.

Navalny, who is under house arrest, blames President Vladimir Putin for widespread corruption.

His brother Oleg is also on trial. Both are accused of defrauding two firms.

Prosecutors are demanding 10 years in jail for him and eight years for his brother.

The brothers deny the charge that they stole 30m roubles (£338,500; $526,000) from the firms, one of which is an affiliate of French cosmetics giant Yves Rocher.

The new court date comes on the eve of new year, Russia’s biggest holiday, which for most people lasts more than a week.

Alexei Navalny led mass protests against Mr Putin in 2011. He has faced a string of criminal charges, which he says are fabricated to neutralise his political influence.

His house arrest resulted from a five-year suspended sentence he received for the alleged theft of 16m roubles from a timber firm in 2009.

Social media organiser

In a tweet on Monday he announced “sentence tomorrow at 9 in the morning [0600 GMT]”.

And in a statement on his blog, he said ironically: “It turns out that for good people exceptions can always be made.” He was responding to supporters’ astonishment that the date of sentencing had been brought forward.

A spokeswoman for Moscow’s Zamoskvoretskiy court, Yulia Petrova, said later that “the sentence will be pronounced for the Navalnys on 30 December because the sentence has already been drawn up”.

The reading of the verdict and sentence is likely to last several hours.

In 2013 Alexei Navalny came second in Moscow’s mayoral election, supported by 27% of voters.

Shunned by Russia’s main state-owned media he has mobilised thousands of supporters on social media. His supporters have now brought forward their rally to 19:00 (16:00 GMT) on Tuesday. They plan to hold it in Moscow’s Manezh Square, near the Kremlin, an announcement on Facebook said.

The Facebook page announcing their previous plan to protest en masse on 15 January was blocked, at the request of prosecutors.

Germany’s First Minimum Wage Is About To Go Into Effect

A national minimum wage comes into effect in Germany on January 1

Berlin (AFP) – As the New Year approaches, Berlin bakery worker Jessica Arendt is not just looking forward to the fireworks. In 2015, she says, “I’ll be able to afford a few more things”.

A national minimum wage comes into effect in Germany on January 1, and that means an additional one euro ($1.30) an hour for the 23-year-old.

Mathias Moebius, a bakery chain owner, isn’t quite so happy. He says he will have to put up prices in response.

Chancellor Angela Merkel this year signed off on the country’s first national minimum wage, an idea she had long opposed.

In the past, Merkel favoured separate pay deals by industrial sector and region, arguing that a national minimum wage would harm many small- and medium-sized businesses and could force them to lay off workers.

But her coalition partners, the centre-left Social Democrats (SPD), were adamant that they would only enter into a power-sharing deal if Merkel and her conservative Christian Democrats (CDU) agreed to the fixed basic wage to help Germany’s growing army of working poor.

So, after long and tortuous negotiations, the two sides finally agreed to start phasing in a minimum wage from January 1.

Arendt will now receive 8.50 euros per hour before tax, one of around 3.7 million people the Federal Labour Agency predicts will see a fatter pay packet.

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Higher prices

For Moebius, whose bakery chain numbers some 45 stores in the eastern German state of Saxony, more than 300 employees will be affected.

Moebius acknowledged that it would be good for his workforce in principle.

“It will bring the financial remuneration for working in a personnel-intensive sector like the food industry more into line with other sectors,” he told AFP.

“It may even improve the image of our industry.”

But for a family-run business like his, it would also mean a 10-percent rise in costs, which he would have to recoup elsewhere, he said.

Economists argue that if there are price rises in other sectors, if taxis and hairdressers also put up their prices, then Arendt and the millions of other low-wage earners will soon find themselves out of pocket as quickly as before.

In Berlin, Ahmet, a 58-year-old taxi driver who is paid per ride, not by the hour, also expressed concern.

“I’ll probably have to pay more taxes and welfare charges. So the effect on my pay will be negative rather than positive,” he said.

According to a poll of 6,300 businesses across all sectors by the Ifo economic think-tank, 26 percent of employers affected by the new minimum wage plan to raise their prices; 23 percent plan to curb employee bonuses; and 22 percent to cut jobs.

Others plan to reduce investment or scale back employees’ working hours.

The effects will be felt more sharply in eastern Germany, where wages have never been able to catch up with those in the west, even a quarter of a century after unification, economists said.

But the minimum wage has many critics around the country, not just in the poorer east of Germany.

“The minimum wage jeopardises thousands of jobs in Bavaria, increases labour costs and weighs on both companies and taxpayers by creating additional bureaucracy,” complained Bertram Brossardt of the regional employers’ federation in the wealthy southern state.

Jobs in danger?

The DIHK federation of chambers of commerce calculates that 200,000 jobs could face the chop nationwide.

But the labour agency’s president Frank-Juergen Weise was less alarmist.

“I don’t believe there will be massive job cuts,” he said recently.

In Saxony, Moebius said he had no immediate plans to slash jobs or shut stores.

But, he warned, “I can’t rule that out in future,” adding that it will probably be unskilled workers who would find it more difficult to find new work.

Many economists agreed, even if the large majority acknowledge that it will take years before the real economic consequences on the minimum can be fully gauged.

Nevertheless, Yen, a 20-year-old who is currently paid 7.0 euros per hour for working on a food stall in a Berlin shopping mall, says it will bring her closer to her dream of one day travelling to Australia.

“I’ll continue to save hard,” she said.

ISIS Reportedly Executed Nearly 2,000 People In 6 Months

Islamic State fighters take part in a military parade along the streets of northern Raqqa province, June 30, 2014.  REUTERS/Stringer

BEIRUT (Reuters) – The Islamic State militant group has killed 1,878 people in Syria during the past six months, the majority of them civilians, a British-based Syrian monitoring organization said on Sunday.

Islamic State also killed 120 of its own members, most of them foreign fighters trying to return home, in the last two months, according to the Syrian Observatory for Human Rights.

The militant group has taken vast parts of Iraq and Syria and declared a caliphate in territory under its control in June. Since then it has fought the Syrian and Iraqi governments, other insurgents and Kurdish forces.

Rami Abdulrahman, the head of the Syrian monitoring group, told Reuters that Islamic State killed 1,175 civilians, including eight women and four children.

He said 930 of the civilians were members of the Sheitaat, a Sunni Muslim tribe from eastern Syria which fought Islamic State for control of two oilfields in August.

Reuters cannot independently verify the figures but Islamic State has publicized beheadings and stoning of many people in areas it controls in Syria and Iraq. These are for actions it sees as violating its reading of Islamic law, such as adultery, homosexuality, stealing and blasphemy.

The group, an offshoot of al Qaeda, has also released videos of executions of captured enemy fighters, activists and journalists.

It beheaded two U.S. journalists, and one American and two British aid workers this year in attempts to put pressure on a U.S.-led international coalition, which has been bombing its fighters in Syria since September.

Abdulrahman, who gathers information from all sides of the Syrian conflict, said that Islamic State had also executed 502 soldiers fighting for President Bashar al-Assad and 81 anti-Assad insurgents.

He said that 116 foreign fighters who had joined Islamic State but later wanted to return home, were executed in the Syrian provinces of Deir Al-Zor, Raqqa and Hassakeh since November. Four other Islamic State fighters were killed on other charges, Abdulrahman said.

The overwhelming number of the group’s victims have been from the Syrian population.cracked down on peaceful pro-democracy protests in 2011.

The 10 Most Pirated Movies Of The Year

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The most pirated movies of the year were some of 2013’s biggest movies.

Variety rounded up the 20 most-pirated movies from Jan. 1 to Dec. 23, 2014 via piracy-tracking firm Excipio.

While the list includes some of this year’s hits including “Captain America: The Winter Solider” and “X-Men: Days of Future Past,” last year’s “The Wolf of Wall Street” and “Frozen” were the two largest illegal downloads of the year.

Here’s the top 10 via Variety. You can view the full list here.

1. “The Wolf of Wall Street”: 30.035 million (Paramount, Dec. 25, 2013)
2. “Frozen”: 29.919 million (Disney, Nov. 27, 2013)
3. “RoboCop”*: 29.879 million (MGM, Feb. 12, 2014; and Orion, July 17, 1987)
4. “Gravity”: 29.357 million (Warner Bros., Oct. 4, 2013)
5. “The Hobbit: The Desolation of Smaug”: 27.627 million (Warner Bros., Dec. 13, 2013)
6. “Thor: The Dark World”: 25.749 million (Disney/Marvel, Nov. 8, 2013)
7. “Captain America: The Winter Soldier”: 25.628 million (Disney/Marvel, April 4, 2014)
8. “The Legend of Hercules”: 25.137 million (Summit, Jan. 10, 2014)
9. “X-Men: Days of Future Past”: 24.380 million (20th Century Fox, May 23, 2014)
10. “12 Years a Slave”: 23.653 million (Fox Searchlight, Oct. 18, 2013)

Italy ferry fire: Five people reported dead

Five people have died and 59 are still awaiting rescue after a blaze on an Italian ferry off the island of Corfu, Greek officials say.

One man is known to have died trying to escape the ship, and a further four bodies have been recovered from the sea.

Helicopter crews have been winching people to safety despite gale-force winds and thick smoke.

The Italian navy said that 419 of the 478 people on board had been evacuated.

Map showing the route of the ship Norman Atlantic travelling from Greece to Italy

It is still unclear what caused the fire to break out on a car deck on Sunday.

Italian prosecutors announced on Monday that they had opened a criminal investigation into the fire and would look into whether negligence had played a role.

Coast Guard spokesman Nikos Lagadianos said four more people were found dead on Monday. The body of a 62-year-old Greek man had already been recovered along with his injured wife after they fell into the water as they tried to reach a lifeboat.

Teodora Douli, 56, told ANSA news agency that her husband may have hit his head as he fell. “I tried to save him but I couldn’t,” she said.

Passenger being taken to hospital

Hypothermia

The first rescue ship carrying 49 people evacuated from the ferry arrived at the Italian port of Bari early on Monday morning.

Helicopters crews fitted with night vision equipment worked through the night to rescue passengers despite difficult conditions. One hundred people were taken off the ferry during the night, the Italian coast guard said.

Italian Air Force helicopter pilot, Maj Antonio Laneve told Italian state TV that “acrid smoke” had filled his helicopter cabin, making the rescue even more challenging.

A wounded passenger among 49 survivors evacuated from the burning ferry "Norman Atlantic arrives aboard a cargo container ship to the harbour of Bari on December 29, 2014.

Most of the rescued passengers have been transferred to nearby ships, although some have been taken directly to hospital.

A Turkish man who was on board told local reporters that he had seen several bodies before being rescued. “I saw four people dead, with my own eyes,” he said.

Three children and a pregnant woman are among those being treated in hospital for hypothermia, according to the Associated Press news agency.

Passengers described panicking as the heat rose, then freezing as they stood on decks awaiting rescue.

The wife of one of the cooks told journalists she had had a call from her husband saying: “I cannot breathe, we are all going to burn like rats – God save us.”

The Italian coast guard carries a body during an operation to rescue a stricken Italian ferry

Another passenger told Greek TV station Mega: “We are outside, we are very cold, the ship is full of smoke, the boat is still burning, the floors are boiling, underneath the cabins it must be burning since 5 o’clock, the boats that came (to rescue us) are gone, and we are here. They cannot take us.”

The BBC’s James Reynolds says that emergency workers in the port of Brindisi had waited late into the night for rescued passengers to arrive but strong winds had forced rescue vessels to try to dock elsewhere on the Italian coast.

Coast Guard Adm Giovanni Pettorino said that a member of the Italian military had been injured during the rescue.

Image of the rescue operations of the ferry Norman Atlantic on fire in the Adriatic Sea, 28 December 2014.

Nearby merchant vessels aligned themselves in formation to protect the ship from waves and facilitate the rescue.

“This is a complicated rescue mission. The visibility is poor and the weather conditions are difficult, but we are confident because there are a good number of ships in the area,” Greece Merchant Marine Minister Miltiadis Varvitsiotis said.

Mr Varvitsiotis later told reporters the fire had been brought partly under control.

Footage released by the Italian coast guard showed the ferry shrouded in smoke

‘Slight malfunction’

Most of those on board were Greek. Greek maritime official Nikos Lagadianos told AP that 234 passengers and 34 crew members were from Greece.

Others came from Italy, Turkey, Albania, Germany and several other countries. Four British nationals have been rescued from the stricken ferry, according to the UK Foreign Office.

The chief executive of the Visentini group that owns the vessel, Carlo Visentini, said the ferry had passed a recent technical inspection despite a “slight malfunction” in one of the fire doors, Italy’s Ansa news agency reports.

Vessels try to extinguish the fire at the Italian-flagged Norman Atlantic after it caught fire in the Adriatic Sea, on 28 December 2014

“The tests confirmed that the boat was in full working order,” he said, adding that the fire door had been repaired “to the satisfaction of the inspectors”.

Ferries are an important mode of transport between Greece’s hundreds of islands as well as neighbouring countries.

Greece’s Presidential Vote Just Failed And Markets Are Crashing

greek flag europe

Greece’s parliament just voted on the government’s presidential candidate and didn’t get the supermajority it needed. Snap elections are now coming Jan. 25, and Greece’s stocks are going through the floor again.

This was the third and final round of voting by Greek politicians — the government needed a supermajority to avoid the sudden elections. That meant it needed 180 of 300 MPs to approve Stavros Dimas, the candidate. The governing coalition has 155 MPs, and it persuaded another 13 to back Dimas in the last round. It needed another 12 in the latest round, and it didn’t get a single extra one. 

The Athens Stock Exchange is down by more than 8.4% as of 11 a.m. GMT, after falling 11% immediately after the vote. The far-left Syriza group seems likely to win the snap election less than a month from now. Since the presidential vote was announced in the first week of December, the Athens Stock Exchange has tumbled by more than a quarter.

Presidential Greece

Syriza isn’t likely to be able to form a government on its own, but the highly unorthodox program it promotes suggests rolling back many of the reforms in recent years and scrapping bailout agreements with Greece’s international lenders. It could be the first instance of a eurozone government that simply refuses to cooperate with the currency union’s institutions.

Greece’s banks, which Syriza has suggested it will nationalize, are getting hit hardest in the stock sell-off. Piraeus Bank and Alpha Bank, two of the country’s largest, are down more than 14%.

There are now a couple of major issues. The first is whether Syriza’s poll lead will hold up. In some surveys, its lead has been narrowing recently. Will voters get a little less radical as the election approaches? Even if Syriza wins, it remains to be seen what sort of coalition it could build to govern.

There are also rumors that the government will try to abolish the 50-seat bonus that Greece’s winning party usually gets. It isn’t likely to be able to do that before the snap election, but if Greece has to go back to the polls afterward (not a rare occurrence), it could have a major impact.

Kaka’ako agora by atelier bow wow seeks kickstarter funding

kaka'ako agora by atelier bow wow seeks kickstarter funding

while the picturesque setting of honolulu features many beautiful outdoor parks, the city lacks sheltered areas of congregation which offer respite from the region’s hot sun. consequently, non-profit organizationinterisland terminal has commissioned tokyo-based atelier bow wow to design and plan ‘kaka’ako agora’ – an indoor pavilion that creates an accessible public space. currently seeking funding on kickstarter, the community based project will serve as a blank canvas for the region’s population. facilitating discussion and entrepreneurship, as well as culture and performance, the scheme will transform former a 3,225-square foot warehouse into an event space hosting workshops and seminars. a mezzanine level overlooks the expansive volume, contributing additional floor space.

”kaka’ako’ shows an alternative way of creating public space – as it is based on collaboration’, explained yoshiharu tsukamoto of atelier bow wow.

the project is currently seeking funding on kickstarter, with the campaign ending on march 17th, 2014. kaka'ako agora by atelier bow wow seeks kickstarter funding designboomthe scheme transforms a former warehouse into an community event spacekaka'ako agora by atelier bow wow seeks kickstarter funding designboomthe indoor pavilion creates an accessible public center