Monday, June 10, 2013

Reuters: Oddly Enough: Nigeria finance minister rebuffs critics with cake

Reuters: Oddly Enough
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Nigeria finance minister rebuffs critics with cake
Jun 10th 2013, 14:16

Nigeria's Finance Minister Ngozi Okonjo-Iweala speaks during an interview with Reuters in her office in the capital Abuja August 24, 2012. REUTERS/Afolabi Sotunde

Nigeria's Finance Minister Ngozi Okonjo-Iweala speaks during an interview with Reuters in her office in the capital Abuja August 24, 2012.

Credit: Reuters/Afolabi Sotunde

LAGOS | Mon Jun 10, 2013 10:16am EDT

LAGOS (Reuters) - Finance Minister Ngozi Okonjo-Iweala held up a sponge cake representing GDP to an audience of amused officials on Monday, as she sought to rebuff critics who say Nigeria's strong economic growth has failed to lift millions out of poverty.

Likening Nigeria to a household, she urged the country to focus on the government's plan to become one of the world's top 20 economies by 2020, which she said would be crucial to solving its other problems like high unemployment and poverty. It would mean doubling the current growth rate to 13 percent, she said.

"Having this cake does not mean that every problem in your household is solved," she said, holding up a sponge with figurines of a family on it, at a televised conference.

"But you have one wife and three children and ... if you have only this cake you're going to be suffering. You want this cake to grow," she added, swapping the sponge for a much bigger one, prompting a wave of laughter.

Foreign bond and equity investors are taking a growing interest in Africa's second biggest economy, and President Goodluck Jonathan's decision to bring Okonjo-Iweala back to Nigeria from her world bank job in 2011 was well received.

But she has had a mixed reception at home, with some politicians complaining she is too aloof and technocratic.

Just in case anyone in her audience, including ministers and top civil servants, missed the analogy, she added: "Our cake is GDP and it is growing at 6.5 percent. What we want to do is grow the cake as fast as possible while solving the other problems."

Despite a decade of 7 percent economic growth, poverty in Nigeria has worsened, official figures show, leading critics to say its oil dependent economy is merely enriching the few.

Former President Olusegun Obasanjo, who hired Okonjo-Iweala during her first stint as finance minister between 2003-2006, was quoted in the local press last month as saying Nigeria's growth had not lifted the living standards of most Nigerians.

Investors worry that widespread violence and insecurity will only worsen if Nigeria cannot get rid of youth unemployment and poverty, risks that take the shine off its impressive growth.

The minister is trying to win support for moves to increase Nigeria's external debt, tapping into markets that offer much cheaper funding than at home, where monetary policy is tight. ($1 = 159.7000 naira)

(Reporting by Tim Cocks; additional reporting by Chijioke Ohuocha; editing by James Jukwey)

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Reuters: Oddly Enough: Artist uses toilet humor to protest Cyprus bailout

Reuters: Oddly Enough
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Artist uses toilet humor to protest Cyprus bailout
Jun 10th 2013, 13:31

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Mock toilets are placed outside the island's central bank in the capital Nicosia June 10, 2013. REUTERS/Andreas Manolis

Mock toilets are placed outside the island's central bank in the capital Nicosia June 10, 2013.

Credit: Reuters/Andreas Manolis

NICOSIA | Mon Jun 10, 2013 9:31am EDT

NICOSIA (Reuters) - A Cypriot artist found a novel way to protest over Cyprus's financial meltdown on Monday, lining up 20 sculptures resembling a cross between toilets and tombstones outside the island's Central Bank.

Arranged in two rows on a pavement outside the building, the white "toilets" made of concrete and plaster caused traffic to slow down along a busy Nicosia avenue, with many drivers honking their horns in approval.

From the rear, the "toilets" looked like headstones.

"I felt the need to protest the situation my country is in ... and I think the choice of toilets has a pretty clear symbolism to everyone," artist Andreas Efstathiou told Reuters.

Cyprus was forced to close a major bank and seize savings at a second in March to salvage the island's banking sector and secure 10 billion euros in aid from international lenders. Thousands of people lost their life savings.

Efstathiou, who has been working on the design for two months, said that although Cyprus's recent financial woes were partly down to mistakes made by commercial banks, he chose the independent central bank for its symbolic value.

Central bank spokeswoman Aliki Stylianou said artists were free to express themselves, but declined to comment on the specific choice made by Efstathiou.

(Writing By Michele Kambas; editing by Mike Collett-White)

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We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

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Reuters: Oddly Enough: Belgian tour operator offers "sick notes" for truant students

Reuters: Oddly Enough
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Belgian tour operator offers "sick notes" for truant students
Jun 10th 2013, 12:39

BRUSSELS | Mon Jun 10, 2013 8:39am EDT

BRUSSELS (Reuters) - A Belgian tour operator is offering "sick notes" to families wanting to take their children on holiday before the end of the school term, in a tongue-in-cheek campaign that has drawn strong criticism from education authorities.

"We are handing out free sick notes for the last week of June as we believe families should be able to go on holiday for the lowest possible price," tour operator Neckermann said in a campaign launched on Sunday.

Trips to popular destinations are very often cheaper ahead of the official start of Belgian summer school holidays on July 1.

A spokesman for the travel group said it was clear the campaign was not meant seriously and Neckermann would not provide genuine sick notes.

But the advertising sparked an angry response from school authorities, with the Flemish education ministry looking at its legal options to end the campaign.

"This is in conflict with the agreements we have made with the travel sector. They can't just entice families to keep their children away from school," a ministry spokeswoman said.

Neckermann spokesman Koen Van den Bosch said the group had run similar campaigns in the past.

"We trust that parents know what is wrong and what is right for their children," he said.

(Reporting by Robert-Jan Bartunek, editing by Rex Merrifield and Paul Casciato)

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Reuters: Oddly Enough: Ferret-lovers rejoice! EU drops limits on pet movements

Reuters: Oddly Enough
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Ferret-lovers rejoice! EU drops limits on pet movements
Jun 10th 2013, 12:30

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A dog leans out of a window in the Andalusian capital of Seville, southern Spain April 1, 2013. REUTERS/Marcelo del Pozo

A dog leans out of a window in the Andalusian capital of Seville, southern Spain April 1, 2013.

Credit: Reuters/Marcelo del Pozo

By Ethan Bilby

BRUSSELS | Mon Jun 10, 2013 8:30am EDT

BRUSSELS (Reuters) - Having a hard time getting your dogsled team through the border? European Union lawmakers aim to help.

EU member countries broadened a law governing the movement of pets on Monday, removing a limit of five pets per person crossing a border - if owners can prove their animals will take part in a competition, exhibition, or sporting event.

The legislation adds to the European Union's "pet passport" scheme, where Fido, Whiskers, or even a favored ferret can move freely through the 27-member bloc if it has microchip identification and has been vaccinated against rabies.

Pet-lover and member of the European Parliament Chris Davies, who helped draft the new law, said it showed the EU could ease burdens on citizens, instead of adding to them. Just 10 years ago it was not easy take a dog on a family car holiday.

"The great thing about this piece of legislation is it just confirms that the legislation produced a decade ago has worked very successfully," he said. "There has been no increase in rabies or apparent risk of increase (of human infection)."

The five-pet limit was imposed to prevent unrestricted cross-border trade by puppy farmers. But Davies said the relaxed rules offered owners the chance to take pets abroad to compete or for "sexual liaisons", while keeping oversight to prevent abuse.

"We have freedom of movement and freedom of capital and all that sort of stuff. We also have freedom of pet movement," he said before adding, "as well as human movement".

The travel documents must be issued by an authorized veterinarian and should also specify a pet's health status.

Davies said he had not himself had the chance to try the pet-passport rules.

"I've got a couple of cats, and they've shown no inclination to travel as of yet."

(Reporting by Ethan Bilby, editing by Paul Casciato)

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We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

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Saturday, June 8, 2013

Reuters: Oddly Enough: Philippine snout-less dog gets hero's homecoming

Reuters: Oddly Enough
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Philippine snout-less dog gets hero's homecoming
Jun 9th 2013, 05:24

A veterinarian holds Kabang, a mongrel dog, during a news conference, after her return to the Philippines after eight months of surgery and treatment in the U.S., in Makati, Metro Manila June 8, 2013.

Credit: Reuters/Erik De Castro

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Reuters: Oddly Enough: As guest habits change, New York hotel clears away room service

Reuters: Oddly Enough
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As guest habits change, New York hotel clears away room service
Jun 8th 2013, 11:05

An exterior shot of the Hilton Midtown in New York June 7, 2013. The New York Hilton Midtown, a 2,000-room hotel in Manhattan's commercial district filled with business travelers, tourists and conference-goers, confirmed this week that it would end room service. Picture taken June 7, 2013. REUTERS/Andrew Kelly

1 of 3. An exterior shot of the Hilton Midtown in New York June 7, 2013. The New York Hilton Midtown, a 2,000-room hotel in Manhattan's commercial district filled with business travelers, tourists and conference-goers, confirmed this week that it would end room service. Picture taken June 7, 2013.

Credit: Reuters/Andrew Kelly

By Jonathan Allen

NEW YORK | Sat Jun 8, 2013 7:05am EDT

NEW YORK (Reuters) - Soon, the black-uniformed waiters wheeling trolleys of food will disappear from the halls of the Hilton Midtown. Will visitors to New York City's largest hotel mind having to leave their rooms for sustenance?

For some, a hotel without room service made no sense.

"You're on holiday, you're away, you like being waited on," said Claire Avery, a prison clerk from New South Wales, Australia, who was staying at the Hilton with her boyfriend. "Sometimes you don't even have to move."

If she returns later in the summer, she will have to move at least as far as the lobby, where the hotel is building a self-service food market to replace room service.

The New York Hilton Midtown, a 2,000-room hotel in Manhattan's commercial district filled with business travelers, tourists and conference-goers, confirmed this week that it would end room service. A Hilton spokesman, Mark Ricci, said up to 55 employees could lose their jobs.

Hilton officials said the move - which is highly unusual for a full-service hotel - was prompted by cutbacks in spending by business travelers, many of whom face tight expense-account rules, and the changing tastes of leisure travelers, who already pay rates at the Hilton that start at about $240 per night before taxes, going up to more than twice that.

The change appealed to Aakriti Gupta, a recent college graduate from New Delhi visiting New York with her mother, who pointed out that the idea of room service doesn't always match the reality.

"The existing room service isn't great," she said. "If you ordered it once, I don't think you would order it again. We ordered a pizza that was $55." She added, unhappily, that it was delivered in a box.

Ricci said pizza was listed on the Hilton's room-service menu for $24, with $3 for each topping, but could not give the final cost once service charges, an in-room dining charge and taxes were added.

WALKING OUT THE DOOR

Beth Scott, vice president of restaurant concepts at Hilton Worldwide Inc, conceded that room-service prices were high, as they tend to be at most hotels, in part because providing the service 24 hours a day is labor-intensive. The cost is magnified in New York City, where a strong union has secured higher wages for hotel employees compared to other hospitality industry workers and building cleaners.

As a result, Scott said in an interview, guests have been heading out to diners and food carts in the neighborhood.

"We were watching guests walk out the door to get those things at a much more reasonable price," she said. "I'm sure we got more complaints about the price of bringing the hamburger up to the room than we will for not bringing it up to the room at all."

The new lobby food outlet, called Herb n' Kitchen, will be cheaper and will allow guests to get their food more quickly, she said.

The decline in room service is not confined to the Hilton. Revenue from room service declined from 1.3 percent of total hotel revenue in 2011 to 1.2 percent last year, according to an annual survey of U.S. hotels by PKF Hospitality.

As hotel occupancy rates have returned to pre-recession levels, hotels have been able to charge more for rooms, forcing business travelers to save elsewhere, which can include skipping room service, said Robert Mandelbaum, a PKF analyst.

The reasons are not only economic, he added. Guests are more inclined to roam beyond their rooms, with executives increasingly taking their laptops to coffee shops to work rather than spreading out papers on their hotel room desk.

"Being caged in your room waiting an hour for a tray to arrive, it's just not what people do," Mandelbaum said.

PAPER BAGS AND A KNOCK

Ian Schrager, who helped pioneer the idea of boutique hotels, said people's idea of luxury had changed, with a greater emphasis on value than on appearances.

"They don't care about getting coffee served in the finest bone china and sterling silver with waiters with white gloves on," he said, describing the classic idea of room service as "dysfunctional and antiquated."

At the PUBLIC hotel in Chicago, which Schrager opened in 2011, food by the French chef Jean-Georges Vongerichten is delivered unceremoniously in brown paper bags, left outside guests' doors with a knock.

The waiters, trolleys and silver cloches are not likely to disappear entirely, however, even from the Hilton-owned Waldorf Astoria hotel in New York. Luxury hotels say their guests expect such service and are willing to pay a premium for fine food, flowers, candles and tablecloths in their room.

It would be virtually impossible for a hotel to hang on to a high rating in the influential AAA hotel guide if it ditched room service, said AAA spokeswoman Heather Hunter.

Fairmont Hotels and Resorts (which runs the Plaza in New York), Marriott International Inc and the Mandarin Oriental Hotel Group all said they had no plans to discontinue room service at their full-service hotels.

But Scott, the Hilton vice president, said the company may expand the idea elsewhere if it works in New York, and believes competitors were studying the move.

"It's not a secret guest habits have changed these days, it's not like we've figured out something that nobody else knows," she said. "We've just decided to take action."

(Editing by Scott Malone and Douglas Royalty)

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Friday, June 7, 2013

Reuters: Oddly Enough: White suit of KFC founder Colonel Sanders to be sold at auction

Reuters: Oddly Enough
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
White suit of KFC founder Colonel Sanders to be sold at auction
Jun 7th 2013, 19:29

NEW YORK | Fri Jun 7, 2013 3:29pm EDT

NEW YORK (Reuters) - A double-breasted white suit and bow tie worn by KFC founder Colonel Harlan Sanders and a signed portrait of the fast food pioneer will be featured at an Americana sale this month, Heritage Auctions said on Friday.

The trademark suit, portrait and photographs are expected to sell for $10,000 or more at the June 22 auction in Dallas.

"It's impossible to think of Colonel Sanders, or KFC, without thinking of this white suit," Kathleen Guzman, the managing director of Heritage Auctions, said in a statement.

"To this day, 33 years after his death, the Colonel is just as popular and recognizable as ever."

Mike Morris, manager of a hotel near Cincinnati, Ohio, is selling the suit, portrait and photographs of the colonel, who was a friend of his family's. Sanders gave him the suit after Morris, as a teenager, borrowed it to wear to a Halloween party.

A gun belt worn by American outlaw Jesses James, one of two he owned when he died in 1882, is expected to be another top item, along with a violin once owned by gunslinger Jim Younger, a member of the James-Younger gang.

Both items have pre-sale estimates of $10,000.

(Reporting by Patricia Reaney; Editing by Vicki Allen)

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