Titanic II blueprints unveiled

Australian billionaire Clive Palmer speaks at a news conference to announce plans for the building of his cruise ship Titanic II under the Blue Star Line in New York, Feb 26, 2013. According to Palmer, Titanic II, which will be a modern close replica of the original HMS Titanic which sank on her maiden voyage in the North Atlantic ocean on April 15, 1912, killing more than 1500 passengers and crew, will be privately funded and built at the CSC Jingling Shipyard in China, with her maiden voyage being from Southampton England to New York in late 2016. [Photo: Agencies]
Australian mining entrepreneur Clive Palmer on Tuesday unveiled blueprints for Titanic II, a modern replica of the doomed ocean liner, although he stopped short of calling the vessel unsinkable. The ship will largely recreate the design and decor of the fabled original, with some modifications to keep it in line with current safety rules and shipbuilding practices, and the addition of some modern comforts such as air conditioning, Palmer said at a press conference in New York. The three passenger classes, however, will be prevented
from mingling, as in 1912, Palmer said. "I'm not too superstitious," Palmer said when asked whether recreating a ship best known for sinking was tempting fate. White Star Line, the operator of the original ship, had said the Titanic was designed to be unsinkable. Some 1,500 people died on Titanic's maiden voyage in 1912 from Southampton to New York after the ship collided with an iceberg in the North Atlantic. Palmer, who created the company Blue Star Line last year, declined to make a similar boast. "Anything will sink if you put a hole in it," Palmer said. "I think it would be very cavalier to say it." Unlike the original,
An undated artist's rendering of the proposed cruise ship Titanic II, provided by the Blue Star Line as Australian billionaire Clive Palmer unveiled plans for his dream ship during a news conference in New York Feb 26, 2013. [Photo: Agencies]
Titanic II will have more than enough space in its lifeboats for every person on board and will have additional escape staircases. Markku Kanerva, sales director at Deltamarin, the Finnish company designing the ship, said it would be the "safest cruise ship in the world." Palmer declined to answer questions about the project's cost. Although the Titanic was the world's largest ship in her time, she would be smaller than many of today's modern cruise ships. "It's not about the money," Palmer said. "I've got enough money for it, I think that's all that matters." Forbes estimated Palmer's net worth to be $795 million in 2012. He describes himself as a billionaire. Titanic II will be built by Chinese state-owned CSC Jinling Shipyard, which is already building four ore carriers for Palmer's mining business, he said. The contract to build Titanic II has not yet been signed, Palmer said. "Oh, probably next week, something like that," Palmer said, when asked when that would happen. "Most things I say I'll do I do. He hoped construction would 
An undated artist's rendering of the interior of the proposed cruise ship Titanic II, provided by the Blue Star Line as Australian billionaire Clive Palmer unveiled plans for his dream ship during a news conference in New York Feb 26, 2013. [Photo: Agencies]
begin later this year, and that the maiden voyage, recreating the trans-Atlantic crossing of the original, would take place in 2016, he said. "But if it takes longer, it takes longer," he said. "But we'll do it. We've got a big pile of money." Jaime Katz, an analyst who tracks the cruise industry, said Titanic II may find it difficult to compete with established cruise lines, particularly the economies of scale of their larger fleets. She said the Titanic II could be marketed to wealthier passengers and could draw repeat business by varying its routes rather than focusing on trans-Atlantic crossings. "People are going to be really 
An undated artist's rendering of the interior of the proposed cruise ship Titanic II, provided by the Blue Star Line as Australian billionaire Clive Palmer unveiled plans for his dream ship during a news conference in New York Feb 26, 2013. [Photo: Agencies]
cautious or superstitious regarding getting on a second version of the Titanic, or it could be a really compelling idea for history buffs who really want to live the story or the legend behind it," Katz said. "There's an audience for all sorts of cruises," she said. Titanic II will operate as a cruise ship, and passengers will find 1912-style clothing in their rooms should they wish to dress up and pretend they are living in an earlier era as they visit facsimiles of the original gilded first-class dining and smoking rooms, if they have the appropriate ticket. Although the classes will be kept largely separate, Palmer said he was
An undated artist's rendering of the interior of the proposed cruise ship Titanic II, provided by the Blue Star Line as Australian billionaire Clive Palmer unveiled plans for his dream ship during a news conference in New York Feb 26, 2013. [Photo: Agencies]
considering offering ticket packages that would allow passengers to experience all three classes during a typical six-day Atlantic crossing. Prices for the tickets will be announced later. Helen Benziger, a descendant of Titanic survivor Margaret Brown, better known as the Unsinkable Molly Brown, said at the press conference that the ship would be a chance to experience the sort of grace and civility she said was sometimes lacking in the modern world. "I think it's a chance to go back in time," said Benziger, who has joined the project's advisory board. Palmer said he plans to travel in third class on Titanic II's maiden voyage. "I'll be looking forward to it as you bang the drum and play the fiddle, twirling around like Leonardo does," he said, meaning actor Leonardo DiCaprio, in one of the repeated references he made to the 1997 James Cameron film 'Titanic.' "Source: China.org.cn
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£150m Nike deal: can McIlroy be bigger even than Tiger?

Nike sponsorship catapults Rory McIlroy, still 23, into world league of sports personalities
NORTHERN IRELAND golfer Rory McIlroy has joined the world's "sporting elite" after signing a mammoth sponsorship deal with sportswear manufacturer Nike. The exact details of the contract have not been made public but according to The Guardian "it has been widely reported to be a 10-year contract worth as much as £150m if McIlroy, previously with Titleist, goes on winning majors". Others suggest that the agreement will only last five years. Either way it catapults McIlroy into the world league of sports personalities. The deal was unveiled at an event in Abu Dhabi where it felt as if the 23-year-old was being inducted into the untouchable Nike "family", suggested James Corrigan in the Daily Telegraph. "With the money on offer, not to mention his new gang members, he had every right to feel a made man," he noted. The event was "more Hollywood than Middle East" said The Times. "In fact, it would be fair to say that the whole caboodle was a little cheesy." It even featured messages from some of Nike's other stars, including Roger Federer, Wayne Rooney and golfing rival Tiger Woods, which were shown on giant screens. "Hey, Rory. Welcome to the family," said Woods, described by the Times as the "man McIlroy will ultimately replace. "It did not seem
to be through gritted teeth," said the paper. "Even though it looks as if McIlroy is about to become top dog as far as Nike are concerned." However, McIlroy and Woods could form a formidable marketing partnership, and already an advert (below) featuring them indulging in some banter on the driving range is doing the rounds. It had attracted more than 1 million hits on YouTube within hours of being released. And they will work together, at least for the next few years. "McIlroy... has not been signed as a like-for-like replacement," claims the BBC. "Instead, expect to see the two marketed together - Woods chasing the four more major wins he needs to match Jack Nicklaus's record, McIlroy battling him as the new generation. "Woods and McIlroy... look as if they get on well; two great players with mutual respect," says the Times. And it could pay dividends for golf fans, says the Telegraph. "If McIlroy leaving Titleist to join Nike was golf's worst-kept secret then its second worst-kept secret must be that McIlroy and Woods will partner each other in the first two rounds [of the Abu Dhabi Championship]. What a way to start the year. The world No 1 and two will have the same Swoosh, roughly the same contract and exactly the same ambition - to show the other who is the real No 1." And perhaps McIlroy could pick up some more advice from his new partner and sponsors. "If McIlroy can avoid the scandals that have affected other Nike athletes such as Tiger Woods and Lance Armstrong and keep his form, that gargantuan billion-dollar figure is clearly within range," said the Daily Mail. As for Nike, they are still recovering from the damage inflicted to the brand by scandals involving Woods, Armstrong and NFL player Michael Vick, jailed over dog-fighting. The company's golf division also saw revenues drop in 2010 and 2011. "McIlroy, like no other sportsman, can help turn both issues around," said the BBC. Source: The Week UK
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China to become world's biggest economy

Those who are strong today will lose their strength. The US will yield to China in the economic leadership in 2017. Such is the forecast made by experts of the PricewaterhouseCoopers (PwC) consulting services. They also say that this will not be the final step in the re-arrangement of forces in the world economy and that less than in 40 years Russia will play one of main roles while Europe’s largest economies will be lagging behind. The PwC experts forsee that by 2050 three leading economies will be China, the USA and India. Thus, the USA will yield the palm to the Chinese and that India will move to the third from the tenth place. The size of the future leader’s GDP, meaning China, will be about 54 trillion dollars. Just to compare: today it is under 6 trillion dollars. Executive Secretary of the Russian-Chinese Chamber Sergei Sanakoyev also says that China will be giant No. 1 in the world in the future. He says: "The nation is working which means that it is producing goods. This is a very important factor of growth. Of course, under the conditions of the world financial crisis, when the demand for Chinese goods dropped around the world, had a bad impact on the Chinese economy. However, quick measures on the reorientation towards domestic demand and a flexible credit policy have enabled China to maintain average yearly economic growth rates within the 7 to 10 per cent limits. It is absolutely clear that it is enough for becoming the world’s economy No. 1 by 2017." Experts mention certain risks as well. One of them is an increase in the share of city dwellers. Hence, the issue dealing with the growth of food prices and the cost of work force is becoming urgent enough. A hike in both indices will do damage to the competitiveness of Chinese goods. The Chinese authorities are doing their utmost to prevent this. Meanwhile, Russia’s government reports about economic victories. Russia’s GDP per capita has doubled since 1999, and the unemployment rate in this country was only 5.4 per cent in the end of the year which is very low according to the world standards. Experts from PricewaterhouseCoopers say that Russia’s GDP will increase by many times to reach 8 trillion dollars by 2050. Thus, Russia will rank sixth among the world’s economies, outstripping Germany, France, and Britain and coming close to Japan. This is possible, Director of the Institute of International Business at the National Research University - Higher School of Economics (HSE) – Natalia Karpova says. "Russia and China - two superpowers of the future – are on the rise, and should serious contradictions or cataclysms be non-existent, they will develop faster than all the other countries." The industrialized countries got the hardest hit by the current crisis because all of them relied on excessive loans to stimulate their growth, experts say. Therefore, the industrial growth of the developing markets not burdened with debts will become logical in the future. Especially that of the countries of raw materials – such as Russia and China. Source: Voice of Russia
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