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Replica patek philippe watches Worst Year in Decad

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TRAFFIC said Asian crime syndicates are increasingly involved in poaching and the illegal ivory trade across Africa, a trend that coincides with growing Asian investment on the continent Michelle Faul The Associated Press December 31, 2011 JOHANNESBURG (AP) — Large seizures of elephant tusks make this year the worst on record since ivory sales were banned in 1989, with recent estimates suggesting as many as 3,000 elephants were killed by poachers, experts said Thursday.

"2011 has truly been a horrible year for elephants," said Tom Milliken, elephant and rhino expert for the wildlife trade monitoring network TRAFFIC.

In one case earlier this month, Malaysian authorities seized hundreds of African elephant tusks worth $1.3 million that were being shipped to Cambodia. The ivory was hidden in containers of Kenyan handicrafts.

"In 23 years of compiling ivory seizure data … this is the worst year ever for large ivory seizures Replica patek philippe watches," said Milliken.

Most cases involve ivory being smuggled from Africa into Asia, where growing wealth has fed the desire for ivory ornaments and for rhino horn that is used in traditional medicine, though scientists have proved it has no medicinal value.

TRAFFIC said Asian crime syndicates are increasingly involved in poaching and the illegal ivory trade across Africa, a trend that coincides with growing Asian investment on the continent.

"The escalation in ivory trade and elephant and rhino killing is being driven by the Asian syndicates that are now firmly enmeshed within African societies," Milliken said in a telephone interview from his base in Zimbabwe. "There are more Asians than ever before in the history of the continent, and this is one of the repercussions."

Some of the seized tusks came from old stockpiles, the elephants having been killed years ago.

But the International Fund for Elephant Welfare said recent estimates suggest more than 3,000 elephants have been killed for their ivory in the past year alone.

"Reports from Central Africa are particularly alarming and suggest that if current levels of poaching are sustained, some countries, such as Chad, could potentially lose their elephant populations in the very near future," said Jason Bell, director of the elephant program for the fund based in Yarmouth Port, Massachusetts

He said poaching also had reached "alarming levels" in Congo, northern Kenya, southern Tanzania and northern Mozambique.

Milliken thinks criminals may have the upper hand in the war to save rare and endangered animals.

"As most large-scale ivory seizures fail to result in any arrests, I fear the criminals are winning," Milliken said.

All statistics are not yet in, and no one can say how much ivory is getting through undetected, But TRAFFIC said it is clear there's been a "dramatic increase" this year in the number of large-scale seizures – those over 800 kilograms (1,760 pounds) in weight.

There were at least 13 large seizures this year, compared to six in 2010 with a total weight just under 1,000 kilograms (2,200 pounds).

In Tanzania's Selous Game Reserve alone, some 50 elephants a month are being killed and their tusks hacked off, according to the Washington-based Environmental Investigation Agency.

With shipments so large, criminals have taken to shipping them by sea instead of by air, falsifying documents with the help of corrupt officials, monitors said.

In another sign of corruption, Milliken said some of the seized ivory has been identified as coming from government-owned stockpiles – made up of both confiscated tusks and those from dead elephants.

Rhinos also have suffered: A record 443 rhino were killed this year in South Africa, according to National Geographic News Watch. That surpassed last year's figure of 333 dead rhino despite the government deploying soldiers to protect the endangered animals this year in its flagship Kruger National Park.

National Geographic reported this week that 244 of the rhino killed this year were poached in Kruger, and that figure is expected to rise before the end of the month.

South Africa is home to 90 percent of the rhinos left on the continent, and Kruger has more than 10,000 white rhinos and about 500 black rhinos.

Africa's elephant population was estimated at between 5 million and 10 million before white hunters came to the continent with European colonization. Massive poaching for the ivory trade in the 1980s halved the remaining number of African elephants to about 600 Tag Heuer Replica Watches,000.

Following the 1989 ban on ivory trade and concerted international efforts to protect the animals, elephant herds in east and southern Africa were thriving before the new threat arrived from Asia.

A report from Kenya's Amboseli National Park highlighted the dangers. There had been almost no poaching for 30 years in the park, which lies in the shadow of Mount Kilimanjaro until a Chinese company was awarded the contract to build a highway nearby two years ago. Amboseli has lost at least four of its "big tuskers" since then.

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March 21st, 2012 at 3:13 am

Tin Gains Most in Four Months as Feds Rate Pledge

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By Agnieszka Troszkiewicz Fake Rolex watches

Jan. 26 (Bloomberg) — Tin climbed the most in almost four months in London as prospects of low U.S. interest rates at least until 2014 boosted speculation of increased demand for the metal used in mobile phones, plasma screens and cars.

The surge has made tin this year’s second-best performing commodity of 80 raw materials after being the biggest loser of industrial metals in 2011, according to data compiled by Bloomberg. The Federal Reserve’s commitment to keep U.S. interest rates near a record low through 2014 also sent copper 2.5 percent higher and nickel up 3.2 percent.

“The market is heading in a direction of record tightness,” said Nicholas Snowdon, an analyst at Barclays Capital in New York. “There is a greater level of confidence than what we saw a quarter or so ago.”

Tin for delivery in three months jumped 6.9 percent to $24,005 a metric ton, the biggest gain since Sept. 27. Prices have climbed 25 percent this year, just behind rubber as the biggest gainer of 80 commodities. The high this year was forecast to be $26,000 a ton, the median of 17 analyst and trader estimates compiled last month by Bloomberg.

Sales of consumer electronics from smartphones to digital cameras will exceed $1 trillion for the first time this year, driving tin consumption higher just as stockpiles of the metal are the lowest since March 2009. About 23 percent of total stockpiles now await delivery. China imported 4,343 tons of tin in November, the most since April 2009, customs data show.

Tin Shortage

Demand will outpace supply for a third consecutive year, with the 9 Tag heuer replica watches,400-ton shortage seen by ITRI Ltd., a St. Albans, England-based industry group, enough to make about 9 billion mobile phones. Electronics account for more than 50 percent of consumption, according to ITRI, whose members produce about two in every three tons of the metal.

Consumer electronics shipments will rise 5 percent to $1.04 trillion in 2012, according to GfK Digital World and the Arlington, Virginia-based Consumer Electronics Association, which represents about 2,000 companies.

The LME index of six metals including tin and copper has risen 12 percent this year, the best annual start in 11 years, according to Bloomberg data. Metals also rallied today after U.S. durable-goods orders rose more than forecast last month. Bookings for long-lasting goods advanced 3 percent after rising 4.3 percent the prior month, the biggest back-to-back gains in almost a year, according to Commerce Department data today in Washington. Economists projected a 2 percent increase in demand for durable goods, which are those made to last at least three years, according to the median forecast of 78 economists surveyed by Bloomberg News.

–Editors: Claudia Carpenter, John Deane

To contact the reporters on this story: Agnieszka Troszkiewicz in London at atroszkiewic@bloomberg.net;

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.

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February 18th, 2012 at 3:21 am

Rand Heads for Biggest Weekly Rise in Four on Gree

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By Robert Brand

July 1 (Bloomberg) — The rand headed for its biggest weekly advance in four against the dollar, boosted by investor demand for higher-yielding assets on optimism Europe may have averted a Greek debt default.

The South African currency added as much as 0.2 percent to 6.7476 per dollar, and traded at 6.7715 as of 3:09 p.m. in Johannesburg Breitling replica watches, bringing its increase this week to 1.9 percent, the biggest since the week ending June 3. It appreciated 0.1 percent to 9.8055 per euro.

The euro was poised for its first weekly gain in a month versus the dollar and emerging-market stocks rose for a fifth day as the U.S. currency lost its allure as a safe-haven currency after officials agreed on 85 billion euros ($123 billion) of new aid to Greece.

“The rand has strengthened markedly this week, buoyed by optimism over the temporary resolution of the crisis in Greece and consequent rise in risk-on sentiment,” Nomvuyo Guma, an analyst at Johannesburg-based Standard Bank Group Ltd., Africa’s biggest rand trader, said in a research note.

Euro-area nations and private investors will contribute 70 percent of new aid to Greece, with the International Monetary Fund offering the rest, Thomas Wieser, head of the ministry’s economic policy and financial markets department, said at a briefing late yesterday in Vienna. European Union finance chiefs also hold a conference call tomorrow to free up a 12 billion- euro payment overdue from the original rescue.

Markets ‘Settled’

“Heading into the weekend, the fact that the Greek risk event is behind us will leave the markets far more settled than they have been recently,” Tradition Analytics researchers led by Johannesburg-based Quinten Bertenshaw said in a research note. “For the time being the bias remains generally supportive of emerging markets and the rand.”

The rand earlier declined on speculation demand for South Africa’s metal exports will fall as China’s economy slows. Commodity prices retreated for a second day and metals including platinum and for copper tumbled after China’s Purchasing Managers’ Index slipped to the lowest level since February 2009, signaling that the world’s second-biggest economy is cooling as export demand weakens and the government reins in credit to control inflation.

Bonds fell after the central bank said South Africa’s economic recovery remains slow and fragile and higher domestic spending isn’t pushing up prices.

“I don’t think we will see demand-side pressures coming into the economy any time soon Tag heuer replica watches,” Monde Mnyande, the chief economist of the Reserve Bank, said in an interview in Pretoria, the capital, after the release of the bank’s annual economic report.

A slow recovery may reduce pressure on the central bank to raise its benchmark interest rate from a 30-year low of 5.5 percent. The bank, which cut rates three times in 2010 to support growth, has left borrowing costs unchanged this year.

The 13.5 percent notes due 2015 slid 7 cents to 121.13 rand, driving the yield up one basis point, or 0.01 percentage point, to 7.52 percent. The 6.75 percent securities due 2021 retreated 8 cents to 88.94 rand, lifting the yield one basis point to 8.44 percent.

–Editors: Ana Monteiro, John Kohut

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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February 1st, 2012 at 2:19 am

An Englishmans Home Is His Flat-Packed Delivery Fr

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By Chris Spillane

Aug. 26 (Bloomberg) — Paul Crook’s new home in London’s commuter belt arrived on a truck from Germany, took eight days to assemble and cost 1.4 million euros ($2 million).

Disillusioned with the British property market and local builders, the 53-year-old International Business Machines Corp. executive and his wife ordered the four-bedroom house from Huf Haus GmbH, a company based about 60 miles northwest of Frankfurt. They moved in last month.

The standard of construction was “pretty awful on brand new houses on premium sites in the southeast of England,” Crook said by telephone. “So although they’re asking for a premium price, you’re not getting corresponding quality.”

Factory-made houses, popular for decades among Germans and Americans, are becoming more prevalent in the U.K. as homebuyers and developers try to avoid turbulence in the real-estate market. Sellers in London lowered asking prices by the most in a year in August as demand in Britain’s most expensive city was hit by turmoil in financial markets.

Loans to buyers of pre-made homes will more than double to 3.4 billion pounds ($5.5 billion) by 2014, according to London- based researcher Datamonitor Plc. The rest of the mortgage market will likely grow by less than 25 percent, the firm said.

Unite Group Plc, the U.K.’s largest provider of student accommodation, said flat-packed units are helping to protect revenue from building delays. If the company hasn’t built its rooms in time for the academic year in September, it’s risking a year’s worth of sales Rolex replica watches, or 193.4 million pounds in 2010.

No Mistakes

“The quality is higher and the cost is lower because you’re not making mistakes that you have to go back and correct,” Richard Simpson, development director at Unite, based in Bristol, southwest England, said by telephone.

The U.K. government, facing a housing shortage of 1 million by 2015, is encouraging Britons to build their own homes by freeing up more land, persuading banks to offer more financial products and easing planning restrictions.

About 14,500 homes will be self-built this year, according to forecasts by the National Self Build Association. That compares with 13,600 in 2010, based on figures from H.M. Revenue and Excise, which refunds self-builders’ value added tax for their material costs.

Around one in every 10 new homes in the U.K. are self built, the association said. That’s compared with about 28 percent in the U.S. with an average price of $243,600, according to census data for 2010.

Mobile Homes

The U.S. prefabricated housing market comprises mainly of two types of buildings: modular homes and manufactured ones.

The first are built in sections that are transported to the site by truck, while the second — formerly known as mobile homes or trailers — are built on a fixed steel chassis and transported on their own wheels.

Tim Virdee bought his English property in 2006 from Huf Haus, whose products range from town houses and apartment buildings to retirement homes and office blocks. The 47-year-old sales and marketing consultant flew to Germany to pick out exactly what he wanted for his new 1 million-pound home.

“We knew the house would be built exactly to budget,” Virdee, 47, said of his glass-and-timber property about 45 miles south of London. “Talk to anyone who’s constructed their own home and they’ll tell you horror stories.”

Persimmon’s Prefabs

U.K. homebuilders like Persimmon Plc, a company that sells properties for an average of 163,000 pounds, also are increasingly using pre-manufactured elements in their homes.

Around a quarter of the 9,384 homes Persimmon sold last year were built using its Space4 Ltd. timber-framed factory- built panels. That compares with about 20 percent in 2009.

“The timber frame unit will be erected inside a day and the whole build takes about six to eight weeks,” Space4 managing director Chris Hagan said in a telephone interview. “A traditional Persimmon build takes around 12 to 14 weeks.”

Huf Haus is a 100-year-old family-owned company based in the state of Rhineland-Palatinate. It was selling two or three homes in the U.K. in 1998. That’s up to about 25 a year now, or 14 percent of the 200 glass and timber houses are produced every year at the company’s factory in the village of Hartenfels.

Clients meet with an architect and together they design every inch of the new house, at a cost of about around 250 pounds a square foot. The buyer chooses where the bedrooms are, how much sunlight enters the house and the color of the roof.

‘Watertight’

The buildings take about a week to become “watertight” company architect Peter Huf said. About two months later the house is habitable with running water and heating.

“How many houses are built by the client?” Huf said in an interview at the company’s U.K. show-home in Cobham, Surrey. “The developer doesn’t think about the garden, doesn’t think about the sun or where people will sit.”

The company manufactures all of its houses in Hartenfels, including those for buyers in the U.S., where homes are delivered by container ship and Huf’s builders are flown in from Germany. Prices start from $1.2 million, or $450 to $650 per square foot.

Crook, Huf Haus’s client near London, has no regrets after turning his back on the market for newly built houses in the U.K. In addition to the cost of his pre-made home, he paid 700,000 pounds for the land in Oxted, Surrey.

“If we didn’t secure a house at a price we thought was reasonable, we would go off and build our own,” Crook said. “The house isn’t perfect, but it’s a hell of a lot more perfect than anything else I’ve ever seen.”

–With assistance from Ben Edwards in London and Kathleen M. Howley in Boston. Editors: Rodney Jefferson Tag heuer replica watches, Andrew Blackman.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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January 31st, 2012 at 2:06 am

Formula One Top India Grand Prix organizer quits

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NEW DELHI – A top organizer of the inaugural Indian Grand Prix has resigned barely nine months before the country hosts the Formula One race, the promoters said on Monday.

Mark Hughes Tag heuer replica watches, a former number two at the Bahrain circuit, who was a key figure in building the Indian facility over the past 12 months, left his post a month ago "due to personal reasons", the promoters said.

"Mark Hughes is no longer working with us, he left due to his own personal reasons," Sameer Kumar, a spokesman for the promoters, the Jaypee group, told AFP.

Kumar did not elaborate on the departure of Hughes, vice-president of operations for the promoters, but said operations at the circuit were now being handled by Azhar Rahman, a former race organiser in Sepang, Malaysia.

India is due to hold the race on October 30 at a $350 million 5.14-kilometer (3.2 mile) circuit designed by renowned German architect Herman Tilke in Greater Noida on the outskirts of New Delhi, which is still under construction.

The circuit is part of an ambitious 2,500-acre (1,000-hectare) sports complex being built by the Jaypee group that will include an international-standard cricket stadium.

Hughes confirmed the development, telling AFP he was now working with the Yas Marina Circuit in Abu Dhabi, United Arab Emirates.

"Whilst I am no longer based in India and I am working for the circuit in Abu Dhabi, I am still closely associated with Jaypee and am still advising them on the upcoming Indian Grand Prix Rolex replica watches," he said.

The promoters, whose business includes infrastructure and real estate, were confident of holding a successful race despite Hughes’s departure.

"Work on the track is now going on at full swing. We have about 6,000 people working on the circuit," said Kumar.

"Homologation (approval by F1 officials) of the circuit is expected to happen by July-August. All trackside infrastructure will also be completed well in time."

Formula One has been followed closely in cricket-crazy India after local driver Narain Karthikeyan raced for the now defunct Jordan team in 2005.

Karthikeyan will return to the circuit in 2011 following a deal with the Spanish Hispania racing team.

Another Indian, Karun Chandhok, drove last year for Hispania, who finished 11th out of 12 in its inaugural year.

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January 30th, 2012 at 1:44 am

Aboitiz group eyes nearly P40-B debt sales

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MANILA, Philippines – Aboitiz Equity Ventures Inc. plans to raise at least P39.5 billion ($900 million) from debt sales this year to fund capital expenditures and refinance maturing debt, a company official said on Friday.

The group’s power arm, Aboitiz Power Corp. Tag heuer replica watches, is considering a P17 billion debt issue to fund a 300-megawatt coal-fired power plant project in Subic Bay, northwest of Manila, said Stephen Paradies, company chief finance officer.

Another 300-megawatt coal-fired power plant in the southern province of Davao would also require about P17 billion Tag heuer replica watches, with the group considering a debt sale with maturity of possibly 12 years.

Aboitiz Power (AP) would also seek to raise a separate P3.4 billion for debt refinancing.

"AP is looking to raise cash now to prepare us for some of the maturities that are coming up next year," Paradies told reporters on the sidelines of the listing of the company’s P3 billion of one-year and three-year fixed rate notes.

"These are all going to be fixed-rate notes," Paradies said.

The group’s unlisted food units, Pilmico Foods Corp. and Pilmico Animal Nutrition Corp., were expected to raise P2.1 billion by April for expansion projects, he said.

Australia and New Zealand Banking Group has been tapped to arrange Pilmico’s debt offer, which was likely to have a maturity of five to seven years, he said.

The Subic coal project will be developed by a unit of Aboitiz Power, Redondo Peninsula Energy Inc. (RP Energy), its joint venture with Taiwan Cogeneration International Corp.

Construction of the group’s two coal-fired power plants was expected to take about three years, Paradies said.

Aboitiz Equity closed down 1.9% in a market that slipped almost 0.9%. Aboitiz Power edged down 0.2%.

Shares of Aboitiz Equity have risen about 13% this year, while Aboitiz Power has been largely flat. Both stocks have outpaced the broader market which has fallen about 5%.

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January 30th, 2012 at 1:43 am

PBA, PNSA back Guinness swimming relay bid

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MANILA, Philippines — Philippine Basketball Association (PBA) Chairman Rene Pardo and Philippine National Shooting Association (PNSA) President Art Macapagal have expressed support for Philippines’ attempt to break the Guinness World Record for Swimming Relay event in December.

Pardo and Macapagal both pledged to join the swimming event during the SCOOP Kamayan weekly forum last October 1.

Former Senator Nikki Coseteng, who is also the President of the event organizer Breitling replica watches, Diliman Preparatory School (DPS), was delighted to receive the support.

DPS will try to beat the Guinness World Record currently held by Swim For Children Italy for the most number of people swimming one length in a 24-hour relay.

A total of 5,028 participants completed a minimum distance of 60 feet or 18.3 meters in Padovanuoto, Padova Tag heuer replica watches, Italy in 24 hours, with an average of 17.1837 seconds per individual.

On December 10, DPS will bring together 6,000 swimmers, including students, parents, teachers, celebrities, athletes, artists, among others, in the DPS

Guinness 6000 will be held at the Olympic-size swimming pool in the DPS main campus along Commonwealth Avenue in Quezon City. – By Robbie Pangilinan

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January 28th, 2012 at 2:44 pm

Crude down in Asia over US debt impasse

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SINGAPORE – Crude prices were down in Asian trade Thursday, with investors fretting over the state of the US economy as lawmakers scrambled for a compromise to avert a devastating default Tag heuer replica watches, analysts said.

New York’s main contract Cartier replica watches, light sweet crude for delivery in September, fell 45 cents to $96.95 per barrel.

Brent North Sea crude for September delivery shed 15 cents to $117.28.

A drawn-out political impasse in the United States as polarised politicians struggled to find a mutually agreeable middle ground over a debt solution for the world’s largest oil consumer was exacting its toll on traders.

"Prices remain largely range-bound… as a result of the economic uncertainty, particularly with regard to the US budget impasse," said Sanjeev Gupta, who heads the Asia-Pacific oil and gas practice at Ernst & Young.

Congress was due later Thursday to consider Republican Speaker John Boehner’s plan to raise Washington’s $14.3 trillion debt ceiling although it looked doomed to fail due to a White House veto threat.

US lawmakers were privately hunting for a compromise to avert a debt default due to kick in on August 2.

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January 28th, 2012 at 7:35 am

The bumpy budget road to Oscars glory

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HOLLYWOOD – Winning an Oscar will taste even sweeter for some films up for Hollywood’s highest honors Sunday — many less commercial movies struggle to get financed, and will savor success all the more intensely.

"Investing in independent films are financially very speculative, and generally anybody with a modicum of sanity stays away from them," said Jeffrey Levy-Hinte, producer of "The Kids are All Right."

The lesbian parenting film is on the 10-strong shortlist for best picture Oscar — at least half of which, including frontrunner "The King’s Speech," had to battle financially just to get off the ground.

The British historical drama, in the running for 12 Oscars, only made it because the powerful Weinstein brothers took a shine to the film’s screenplay, about the stammering George VI.

The same goes for boxing movie "The Fighter," which was saved when mini-major Relativity Media put $25 million on the table after the initial investor Paramount pulled out, as did many of the original actors.

Films like Facebook movie "The Social Network" — vying to edge out frontrunner "The King’s Speech" at the Academy Awards — were always expected to be box office hits, but for others prospects were less clear.

"The financing of ‘Kids’ was a long and winding road. Over the years studio divisions were interested, but ultimately none of them would greenlight the movie," recalled Levy-Hinte.

"In 2005 we entered pre-production only to have our financing evaporate. Ultimately, we brought in Celine Rattray who worked with us to bring in UGC-PH, Gilbert Films, and a dozen other equity investors to finance the movie."

The producer acknowledged that without the major league cast — Julianne Moore, Annette Bening and Mark Ruffalo — the film could never have been financed.

"Without a first rate and recognizable cast there would be no possibility of financing the film, and even after we assembled our incomparable cast, we were only able to raise about 5 million dollars," he added.

In the end they had to make the movie in 23 days.

"At this breakneck schedule .. we had to greatly simplify the production of the film. The performances were never compromised, but we did not have the luxury of creating a more elevated, cinematic approach to the film," he said.

"We are looking forward to the next film where I anticipate more ample resources."

Meanwhile, "Black Swan," the disturbing ballet thriller for which Natalie Portman is tipped to win best actress Oscar, faced a similarly bumpy path when trying to get off the ground.

"We thought that we had a deal with somebody and they fell out at the last minute," said producer Mike Medavoy Omega replica watches, recalling how investors Cross Creek came in the last minute.

"As usual in this kind of movie, it’s really hard to put the financing together."

Even having director Darren Aronofsky — who made the Oscar-nominated "The Wrestler" with Mickey Rourke in 2008 — did not especially help.

"Nobody could have said that Aronofsky was about to do a movie that has done over 205 million dollars at this moment. Nobody in his right mind would have said that," said Medavoy.

He said films with medium-sized budgets — around $20 millions — "are always more difficult, because there is so much money to be spent on advertising and marketing.

"It’s usually ten times the amount that you spend on making the movie. You really have to thread the needle. In this case, ‘Black Swan’ is a perfect example of a movie that threads the needle Tag heuer replica watches," he added.

Levy-Hinte lamented: "Every year it seems that financing is getting more difficult, and ‘Kids’ was by far the most difficult film that I have tried to finance.

"My hope is that we have reached the low point and the next one will be easier. That said I am not interested in making formulaic films that fit into the financiers preconceptions, and thus it probably will never be that easy."

Medavoy added: "I’m on my 214th movie and it’s always difficult. There’s always been a balance between the business and the artistic part of it.

"I’m never surprised in this business. It has always been difficult. If you look at almost every film that has won the Academy award, whether it’s ‘Amadeus,’ ‘Platoon,’ ‘Rocky,’ ‘Cuckoo’s Nest,’ they are all difficult films."

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January 28th, 2012 at 3:39 am

Pinoy team wins Amazing Race Asia for the 1st time

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MANILA, Philippines – For the first time, a Filipino team finished first in The Amazing Race Asia.

Basketball player Richard Hardin and model Richard Herrera, more popularly known as "The Riches," bested 9 other teams in a race across 15 cities in 8 countries during the reality show’s fourth season.

They took home the elusive title and a whopping $100,000 cash prize as they were the first to run to the mat in Singapore, the race’s final pit stop.

The Riches are now $100,000 richer. Photo courtesy of AXN.

Rebel pals Claire Goh and Michelle Ng from Singapore came in second place, followed by father-daughter tandem Hussein Baron and Natasha Sutadisastra of Indonesia.

The other Philippine team, party girls Jacinta James and Lani Pillinger, landed in fourth place.

Last season, Tisha Silang and boyfriend Geoff Rodriguez finished second in The Amazing Race Asia Omega replica watches, while best buddies Marc Nelson and Rovilson Fernandez, ended up in third place in the second season.

The Amazing Race Asia, hosted by Allan Wu Tag heuer replica watches, is exclusively aired on AXN.

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January 28th, 2012 at 3:37 am