2020-02-25 18:31:59| digg
"This is what passes for innovation in Silicon Valley. It's a dorm. It is a very expensive dorm."
2020-02-25 17:35:22| Guardian Unlimited Business - more business news
Cash-strapped churches are raising money by inviting developers to build pricey flats on their turf. Is this the promised land for faith buildings or a deal with the devil?High-end Bosch appliances, carpeted bedrooms, generous storage and a three-storey wooden cross right outside the window. The apartments of Upper Place sound like any other new development in east London, sold on their edgy urban location and proximity to artisanal coffee shops, except these particular flats come with the added promise of bringing you closer to God. Other blocks might boast a private gym, but here you can pop downstairs to see the priest for a workout of a more spiritual kind.Sandwiched between a Tesco Express and a used-furniture shop, this new holy housing project is a surprising thing to encounter on a high street in Hackney. The supersized wooden cross is bolted to a gigantic white concrete frame, projecting out in front of rows of balconies adorned with balustrades tinted in a range of bright Tooty Frootie colours, as if a nod to a stained-glass window. A big TV screen at the entrance advertises the lively services of the Upper Clapton United Reformed Church that await within, conducted by the charismatic white-suited Rev John Macaulay in a large ground-floor space, illuminated from above by a cross-shaped skylight. The German modernist architect Mies van der Rohe was fond of saying: God is in the details. Here, hes writ large all across the building. Continue reading...
2020-02-21 13:10:47| Guardian Unlimited Business - more business news
Entire generations will struggle to be able to afford their own property the market has failed themLeaflets pile up on my doormat from estate agents. For sale signs are erected outside houses on my street. Tarpaulins covering exposed loft conversions blow in the wind. The signs are clear: people are looking for property in my area. I didnt need a Daily Mail headline to shout at me: House prices surging in EVERY region.In the UK, the value of life is measured in house prices, for those lucky enough to own one. To see house-price rises (especially those worth more than 900,000) as a cheery fact is to lack awareness. Rising prices are excluding entire generations from the housing market. See that housing ladder you climbed? Well, heres the snake. Continue reading...
2020-02-21 10:11:20| The Economic Times
A special court granted bail to Kapil Wadhawan, CMD of DHFL arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi. Wadhawan (46) was arrested on January 27 by the ED under PMLA. According to the ED, Wadhawan was instrumental in laundering of huge amounts of money as part of an illegal deal with Mirchi, who died in 2013 in London.
2020-02-17 05:52:04| The Economic Times
LIC holds 51 per cent stake in IDBI Bank and 40.13 per cent in LIC Housing Finance.