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PopulationData.net -
19 hours and 45 minutes ago
L'augmentation très forte des prix du pétrole ces dernières années a
été économiquement bénéfique pour l'Irak. Le pays est en marche
pour se redresser, d'autant que la situation sécuritaire s'améliore, même si
elle prend de nouvelles formes. Mais avec la crise économique mondiale qui se profile, la
baisse, forte également, des prix du pétrole, cette situation peut-elle perdurer ?
Enfin, la situation sanitaire et sociale, les droits humains souvent bafoués, notamment ceux
des femmes, sont toujours un problème majeur pour le futur développement.div
class="feedflare" a href="http://feeds.feedburner.com/~f/Populationdata?a=lvHgO"img
src="http://feeds.feedburner.com/~f/Populationdata?i=lvHgO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/Populationdata?a=dFHFO"img
src="http://feeds.feedburner.com/~f/Populationdata?i=dFHFO" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/Populationdata/~4/474390282" height="1" width="1"/
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Mashable! -
22 hours and 20 minutes ago
If you said that
they both posed topless, well, you’d be correct. The actual answer I was
driving at was that they’ve both had their Facebook accounts deleted.
According to Nick
O’Neill at All Facebook, there are (not surprisingly) quite a few Lindsay Lohans on
Facebook.
So, what did Lindsay do as soon as she found out her account was shut down? The same
thing Robert Scoble did, she
blogged about her experience, only at her MySpace profile:
okay, so i love myspace, because it is secure, and the people at myspace don’t disable your
account because they think that you are a fake you.
[..]
when i typed my password and “log in” name in, a red sentence came up saying..
Account Disabled
Your account has been disabled by an administrator. If you have any questions or concerns, you
can visit our FAQ page here.
wow! i was in shock. i clicked on the link
that they told me to click on and then to another link that said: my account may of been disabled
by mistake. once i got to that it gave a note saying why it was disabled which stated the note
saying that it was disabled because they believe that i was a fake of myself. genius.
Lohan, in her own way, criticized the vaunted Facebook Connect, the account management system
that the social network has opened up for other blogs and sites to use as a way of managing their
site’s userbase.
To paraphrase Lohan, it’s infuriating that Facebook arbitrarily decides who is and
isn’t the real account holder, and it’s equally infuriating that they don’t at
least offer account holders the opportunity to respond to the company’s accusation before
the account is shut down.
The sentiment is almost identical to the insight of Scoble’s reaction to his
account being deactivated:
Facebook claims it is a “utility.” Well, I like how Kara Swisher put it. Hint:
“utilities” have due process and don’t just shut down someone’s account
without a warning. You should see the comments on my last post. Some people didn’t even
knowingly break the rules and never got a good answer for why their accounts were shut down.
Turning away from the amusing similarities between Scoble and Lohan for a moment, it’s
interesting to note the echo outside the bubble on this one.
As social networking tools go more and more mainstream, people who are real celebrities as well
as those with real world influence (and not just the “Internet Famous”) will have the
same scenarios have happen to them we’ve experienced a year prior. For more proof of this,
see CNN’s epiphany
over Twitter’s Mumbai coverage versus our epiphany over Twitter’s
earthquake coverage a year earlier.
The difference here is this bad bit of PR could be avoided for Facebook.Â
They’ve had a year to figure out how to straighten out their account deactivation process,
and they’re in the midst of talking up how awesome Facebook Connect is to everyone. Any bit
of blowback they get on this is well deserved.
---
Related Articles at Mashable | All That's New on the Web:
What Would You Ask
Robert Scoble?
LiveStream:
Pete Cashmore and Robert Scoble at CommunityNext!
SXSW Plague Takes Down Twitterers
Scoble
Lands Channel 9 interview with Bill Gates!
Loic Lemeur’s “Video
Twitter” to Announce Funding [Video]
PicApp Makes it Easy to Legally
Blog the Latest Britney and Lindsay Pictures
Robert
and Shel: Making New Media Less Hippie; More Naked


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Freeplayer.org -
22 hours and 44 minutes ago
Auteur: a href=http://www.freeplayer.org/profile.php?mode=viewprofileu=48152
target=_blankmaucare/abr / Sujet: FREEBOX amp;amp; Serveur NAS D-LINK DNS-323br /br / span
class="postbody"span style=color: black/spanBonjour img
src=http://www.freeplayer.org/images/smiles/icon_smile.gif alt=Smile border=0 / br / br / Je
souhaite acquérir le serveur NAS D-LINK DNS-323 pour me permettre : br / 1°) de
consulter les fichiers multimédias contenus dans ce disque depuis ma FREEBOX HD br / 2°)
de disposer d'un partage de données en réseau local en profitant de la fonction RAID1
br / 3°) de disposer d'un accès distant aux données de ce disque via FTP br / br
/ - Selon vous, ce NAS permettra t-il de répondre au point n°1 ? img
src=http://www.freeplayer.org/images/smiles/icon_scratch.gif alt=Scratch border=0 / br / - Si OUI,
qu'est ce que je devrais paramétrer pour que ça fonctionne ? img
src=http://www.freeplayer.org/images/smiles/info.gif alt=info border=0 / br / br / Merci d'avance
pour vos lumières img src=http://www.freeplayer.org/images/smiles/icon_salut.gif alt=Salut
border=0 / br / br / PS : J'espère avoir été clair et que ma question ne soit
pas stupide img src=http://www.freeplayer.org/images/smiles/icon_redface.gif alt=Embarassed
border=0 / /spanbr /

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Mac Forums - iPod touch -
23 hours and 10 minutes ago
I feel like I have no brains. I am having trouble copying and pasting. Specifically, I want to copy
the code on Playlist.com and paste it to my page on Sodahead.com. I know all about ctrl - C, ctrl -
V, I even bought a rt and left click mouse. I highlight the appropriate code, go to Edit or rt.
click mouse to copy. When I move the cursor to where I want to paste it, the paste is no longer an
option because it brings the Sodahead page to the front. I've been able to add pictures and text to
the site, (questions and answers) and I've 'added media' to my profile. But to save my life I can't
get my playlist to paste on my profile page. Has anyone who has a MacBook had the same problem or
am I the only 'dense' one of the bunch.:confused::confused:
|
Engadget -
23 hours and 22 minutes ago
div align="center"a href="http://www.kogan.com.au/blog/2008/dec/4/here-it-kogan-agora/"img
vspace="4" hspace="4" border="0" alt=""
src="http://www.blogcdn.com/www.engadgetmobile.com/media/2008/12/12-3-08-kogan-agora.jpg" //abr
//div We'll be totally honest -- we pretty much blew Ruslan Kogan off when he a
href="http://www.engadgetmobile.com/2008/11/06/aussie-sez-hell-produce-a-199-android-phone-by-december-15th/"proclaimed/a
that he was about to push out a $199 a
href="http://www.engadgetmobile.com/category/android/"Android/a phone by the year's end. And
truthfully, the guy still hasn't emtotally/em delivered, but you won't find us kvetching about more
Googlephones, regardless of MSRP. The Agora (AU$299; US$192) and Agora Pro (AU$399; US$256) are
available for pre-order as we speak, though neither one is scheduled to ship out until the end of
January. For those unfamiliar with a
href="http://www.engadgethd.com/2008/11/20/kogan-intros-au-349-profile-1-1-blu-ray-player-for-australia/"Kogan/a,
it's an online-only enterprise that has wares built specifically to its dimensions in China, and so
far as we can tell, it's as legit as they come. As for specs, the Agora packs a 2.5-inch
touchscreen (320 x 240), 3G networking, a backlit QWERTY keyboard, Bluetooth 2.0 and a microSD card
slot; the Pro adds in GPS, 2-megapixel camera and WiFi. So, with unsubsidized prices this low, are
you willing to take a chance?br /br /[Via a
href="http://www.itwire.com/content/view/22082/1168/"iTWire/a]pFiled under: a
href="http://www.engadget.com/category/cellphones/" rel="tag"Cellphones/a/pp
style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a
href="http://www.engadget.com/2008/12/03/kogan-intros-worlds-second-android-phone-agora-agora-pro/"Kogan
intros world's second Android phone: Agora / Agora Pro/a originally appeared on a
href="http://www.engadget.com"Engadget/a on Wed, 03 Dec 2008 22:23:00 EST. Please see our a
href="http://www.weblogsinc.com/feed-terms/"terms for use of feeds/a./ph6 style="clear: both;
padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"/h6a
href=http://www.kogan.com.au/blog/2008/dec/4/here-it-kogan-agora/Read/anbsp;|nbsp;a
href="http://www.engadget.com/2008/12/03/kogan-intros-worlds-second-android-phone-agora-agora-pro/"
rel="bookmark" title="Permanent link to this entry"Permalink/anbsp;|nbsp;a
href="http://www.engadget.com/forward/1390760/" title="Send this entry to a friend via email"Email
this/anbsp;|nbsp;a
href="http://www.engadget.com/2008/12/03/kogan-intros-worlds-second-android-phone-agora-agora-pro/#comments"
title="View reader comments on this entry"Comments/a pa
href="http://feedads.googleadservices.com/~at/4OvKkhB-soGLMkNAja1F4IdwGaw/a"img
src="http://feedads.googleadservices.com/~at/4OvKkhB-soGLMkNAja1F4IdwGaw/i" border="0"
ismap="true"/img/a/pdiv class="feedflare" a
href="http://feedproxy.google.com/~f/weblogsinc/engadget?a=7Hbra3Az"img
src="http://feedproxy.google.com/~f/weblogsinc/engadget?i=7Hbra3Az" border="0"/img/a a
href="http://feedproxy.google.com/~f/weblogsinc/engadget?a=0KsMlq34"img
src="http://feedproxy.google.com/~f/weblogsinc/engadget?i=0KsMlq34" border="0"/img/a /divimg
src="http://feedproxy.google.com/~r/weblogsinc/engadget/~4/qR1kKQRcph8" height="1" width="1"/

|
MetaFilter -
23 hours and 54 minutes ago
a href="http://www.careerjournal.com/article/SB122826483720274329.html""We're not selling here --
we're hunting!"/a The young man or woman at the mall kiosk who grabs your shoulder and says
quot;Can I have twenty seconds of your time to show you something amazing?quot; might be a young
Israeli saving up for a pre-army jaunt to Asia or South America. The U.S. kiosk trade has become
popular enough in Israel to inspire a href="http://www.youtube.com/watch?v=1cc55QnowDc"a folk-rock
song/a by musician and kiosk veteran Rami Feinstein. The Wall Street Journal offers a generally
admiring profile of the Israeli a
href="http://www.careerjournal.com/article/SB122826483720274329.html"quot;natural-born
closers.quot;/a The Capital Times, in Madison, WI, a
href="http://www.madison.com/tct/business/313887"wishes they'd buzz off./a br /
|
Mac Forums - iPod touch -
1 days ago
guys, i know this is a stupid question. but i just bought a new macbook today, and i'd like to
calibrate the color profile a bit. how do you guys find the panel model number of the macbook, and
what is the best profile for the panel?
thanks very much
|
IBTimes.com RSS Feed - Technology -
1 days ago
The outlook for the majority of the U.S. information technology sector is negative for 2009, Fitch
Ratings said Wednesday. Worldwide IT spending will decline 2 to 3 percent in 2009, led by hardware
and semiconductors, headwinds that will hurt profits and weaken credit profiles, the ratings agency
said.div class="feedflare" a href="http://feeds.feedburner.com/~f/ibtimes/tech?a=SbSYO"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=SbSYO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/ibtimes/tech?a=kHKXo"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=kHKXo" border="0"/img/a a
href="http://feeds.feedburner.com/~f/ibtimes/tech?a=Mjbvo"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=Mjbvo" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/ibtimes/tech/~4/474223497" height="1" width="1"/
|
Ubergizmo -
1 days ago
centerimg title="Microsoft Ought To Acquire Coolness" style="MARGIN: 0px" alt="Microsoft Ought To
Acquire Coolness" src="http://www.ubergizmo.com/photos/2008/12/ms-cool.jpg" border="0" //centerbr /
pMicrosoft ought to reflect on their image at this point in time, and acquiring some "cool" would
do a whole world of good for them. Case in point, adding Twitter and Digg to their portfolio would
definitely raise their profile by a notch, although it remains to be seen whether users of both
services will actually head for the hills when they see the association with Microsoft then. It
would be interesting to see Microsoft try to enhance their corporate image among the younger
generation of users instead of being thought of as a big, bad wolf that is out to gobble whatever
innocent, fledgling company. How much moolah do you think Microsoft will have to fork out before
either company agrees to go under the Seattle company's fold?/p pPermalink: a
href="http://www.ubergizmo.com/15/archives/2008/12/microsoft_ought_to_acquire_coolness.html"Microsoft
Ought To Acquire Coolness/a from Ubergizmo (a href="http://www.ubergizmo.com"US/a, a
href="http://www.ubergizmo.com/fr"FR/a) | a href="http://www.uberbargain.com/"Good deals/a | Hot: a
href="http://www.ubergizmo.com/15/archives/2008/11/blackberry_storm_review.html"Storm Review/a/p
pmap name="google_ad_map_081203181145" area shape="rect"
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pa href="http://feedads.googleadservices.com/~a/TTNB6P6aaTFwD8Sgkv58RHVYVso/a"img
src="http://feedads.googleadservices.com/~a/TTNB6P6aaTFwD8Sgkv58RHVYVso/i" border="0"
ismap="true"/img/a/pdiv class="feedflare" a
href="http://feedproxy.google.com/~f/ubergizmo?a=YMf0CXan"img
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|
BMC Bioinformatics -
1 days ago
Publication Date: 2008 Dec 1 PMID: 19046430br/Authors: Liu, B. - Wang, X. - Lin, L. - Dong, Q. -
Wang, X.br/Journal: BMC Bioinformaticsbr/br/ABSTRACT: BACKGROUND: Protein remote homology detection
and fold recognition are central problems in bioinformatics. Currently, discriminative methods
based on support vector machine (SVM) are the most effective and accurate methods for solving these
problems. A key step to improve the performance of the SVM-based methods is to find a suitable
representation of protein sequences. RESULTS: In this paper, a novel building block of proteins
called Top-n-grams is presented, which contains the evolutionary information extracted from the
protein sequence frequency profiles. The protein sequence frequency profiles are calculated from
the multiple sequence alignments outputted by PSI-BLAST and converted into Top-n-grams. The protein
sequences are transformed into fixed-dimension feature vectors by the occurrence times of each
Top-n-gram. The training vectors are evaluated by SVM to train classifiers which are then used to
classify the test protein sequences. We demonstrate that the prediction performance of remote
homology detection and fold recognition can be improved by combining Top-n-grams and latent
semantic analysis (LSA), which is an efficient feature extraction technique from natural language
processing. When tested on superfamily and fold benchmarks, the method combining Top-n-grams and
LSA gives significantly better results compared to related methods. CONCLUSIONS: The method based
on Top-n-grams significantly outperforms the methods based on many other building blocks including
N-grams, patterns, motifs and binary profiles. Therefore, Top-n-gram is a good building block of
the protein sequences and can be widely used in many tasks of the computational biology, such as
the sequence alignment, the prediction of domain boundary, the designation of knowledge-based
potentials and the prediction of protein binding sites.br/br/post to: a href =
http://www.citeulike.org/posturl?url=http%3A%2F%2Fwww.ncbi.nlm.nih.gov%2Fentrez%2Fquery.fcgi%3Fcmd%3DRetrieve%26db%3DPubMed%26dopt%3DAbstract%26list_uids%3D19046430title=Entrez+PubmedCiteULike/a

|
newsbin.com -
1 days ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=20073'DaveXVI/abr
/br / bPosted:/b Thu Dec 04, 2008 2:55 ambr /br / br /br / /spantable width=90% cellspacing=1
cellpadding=3 border=0 align=centertr tdspan class=genmedbQuade wrote:/b/span/td /tr tr td
class=quotexzver will give you up to 10 times faster header DOWNLOAD. Not loading./td /tr/tablespan
class=postbodybr / br / I understand that, I'm saying I don't see any difference because for me, it
worked well (10 times faster) in B8 as well.br / br / On the other hand, the speed limiter didn't
work for me in B8, but it seems to be accurate in B9.
|
newsbin.com -
1 days and 1 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=5'Quade/abr /br /
bPosted:/b Thu Dec 04, 2008 2:40 ambr /br / br /br / On your 32 inch monitor, the difference in
feature size between 800x600 and 1024x786 is pretty small. I mean GUI feature size. When's the last
time you tried 1024x768? You can also access the quot;Load Specialquot; from the group right click
too. br / br / I'd be more inclined to add a shortcut than layout the screen for 800x600.
|
newsbin.com -
1 days and 1 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=5'Quade/abr /br /
bPosted:/b Thu Dec 04, 2008 2:37 ambr /br / br /br / Bandwidth limiter? It's not a question of
connections but, one of speed. Set newsbin to restrict the speed to come fraction of the total
speed you're paying for and you browsing should get faster.
|
newsbin.com -
1 days and 1 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=5'Quade/abr /br /
bPosted:/b Thu Dec 04, 2008 2:36 ambr /br / br /br / Search your disk for NBI files and if you find
the one you were using, try double-clicking it to start Newsbin.
|
newsbin.com -
1 days and 1 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=5'Quade/abr /br /
bPosted:/b Thu Dec 04, 2008 2:33 ambr /br / br /br / Don't know. I'll have to look.
|
newsbin.com -
1 days and 1 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=5'Quade/abr /br /
bPosted:/b Thu Dec 04, 2008 2:33 ambr /br / br /br / You can do 3 pane if you want. Move the mouse
to the right top, feel around for a border and pull it open. Then in the options, move whatever tab
you want quot;top rightquot;. It's best to restart to move the tabs but, closing and re-opening
them again will work. br / br / You should give 2 pane a chance. I used to use 3 pane and now much
prefer 2.
|
cinezik.org -
1 days and 1 hours ago
br / bAuteur:/b a href='http://www.cinezik.org/forum/profile.php?mode=viewprofileu=2'Fluxus/abr /br
/ bPosté le:/b Jeu Déc 04, 2008 4:37 ambr /br / br /br / je viens de réaliser
que Klaus badelt (Pirates des Caraïbes 1) n'avait pas son topic. C'est chose faite à
l'occasion de span style=font-size:18px; line-height:normala
href=http://www.cinezik.org/compositeurs/index.php?compo=badelt target=_blank
class=postlinkl'interview de Cinezik en ligne/a/span !!
|
newsbin.com -
1 days and 1 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=41744'DurangoKid/abr
/br / bPosted:/b Thu Dec 04, 2008 1:52 ambr /br / br /br / I just upgraded from 5.33 to 5.42 and
noticed a wonderful performance increase. What I am less thrilled about is the screen layout. Is it
possible for me to revert back to the layout in 5.33?br / br / Many thanks,br / dK
|
newsbin.com -
1 days and 2 hours ago
br / bAuthor:/b a href='http://forum.newsbin.com/profile.php?mode=viewprofileu=8850'feinbergfl/abr
/br / bPosted:/b Thu Dec 04, 2008 1:34 ambr /br / br /br / I never noticed this problem in the
earlier betas. I left work today with 5.50B9 minimized in my tray. It finished downloading some
files from Giganews so it was sitting idle. When i attempted to log in from my home computer to
Giganews, I couldn't get on because my work computer was still logged in even though there was no
activity. Is this a problem which just developed because of a change in the new beta or did I just
never run into this problem before.
|
freshmeat.net announcements (Unix) -
1 days and 2 hours ago
img src="http://c.fsdn.com/fm/screenshots/69928_thumb.png" align="right" alt="Screenshot"
hspace="10" vspace="10" gtklick is a simple metronome with a GTK interface and native JACK support.
It offers four different sounds, arbitrary meters and beat patterns, and a speed trainer. It's
possible to save profiles and restore them later. hr / strongLicense:/strong GNU General Public
License (GPL) hr / strongChanges:/strongbr / This version adds an option to manually configure
which JACK ports to connect to, and fixes a few minor bugs. pa
href="http://feedads.googleadservices.com/~a/ff4T9pwraZ80mjMnuvShXQCFtGk/a"img
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width="1"/
|
freshmeat.net announcements (Global) -
1 days and 2 hours ago
img src="http://c.fsdn.com/fm/screenshots/69928_thumb.png" align="right" alt="Screenshot"
hspace="10" vspace="10" gtklick is a simple metronome with a GTK interface and native JACK support.
It offers four different sounds, arbitrary meters and beat patterns, and a speed trainer. It's
possible to save profiles and restore them later. hr / strongLicense:/strong GNU General Public
License (GPL) hr / strongChanges:/strongbr / This version adds an option to manually configure
which JACK ports to connect to, and fixes a few minor bugs. pa
href="http://feedads.googleadservices.com/~a/yDdRPLFbseY5mwdXqcpn5Mk9hjE/a"img
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ismap="true"/img/a/pimg
src="http://feedproxy.google.com/~r/freshmeat/feeds/fm-releases-global/~4/9s2L7z2exzw" height="1"
width="1"/
|
Guardian Unlimited -
1 days and 2 hours ago
divimg alt=""
src="http://hits.guardian.co.uk/b/ss/guardiangu-feeds/1/H.15.1/5737?ns=guardianpageName=Business%3A+State-controlled+banks+take+over+fund+manager+New+Starch=Businessc3=The+Guardianc4=New+Star+Asset+Management+Group+%28Business%29%2CBanking+sector+%28Business%29%2CMergers+and+acquisitions+%28business%29%2CBusiness%2CCredit+crunch+%28Business%29c5=Investments%2CCredit+Crunch%2CBusiness+Marketsc6=Jill+Treanorc7=2008_12_04c8=1128396c9=articlec10=GUc11=Businessc12=New+Star+Asset+Managementc13=c14=h2=GU%2FBusiness%2FNew+Star+Asset+Management"
width="1" height="1" //divpBanks rescued by the taxpayer have seized New Star, the troubled fund
management group which is to delist from the stock exchange after a radical restructuring./ppJohn
Duffield, the founder of New Star, is ceding control of up to 95% of the operation to a consortium
of banks led by HBOS to relieve its pound;240m debt. /ppDuffield is thought to have been reluctant
to agree to the terms of the debt for equity swap which was finally ratified by the New Star board
late yesterday afternoon. The fund manager, which took out high profile billboard adverts to
attract savers, had been forced to find a way to eradicate the debt to address the concerns of
major clients who were reluctant to place their money with the firm./ppDuffield is not expected to
remain with the group he founded for much longer after a long City career during which he has
developed a reputation as a maverick - albeit a successful one./ppThe complex restructuring is
expected to leave banks rescued by the government with control over New Star, which Duffield
launched after a high-profile row with the owners of his previous venture, Jupiter. /ppThe combined
Lloyds-HBOS bank in which the taxpayer is likely to own about 40%, will have an estimated 45% stake
in New Star and RBS - now 58% owned by the taxpayer - with about 15% in the fund management group.
HSBC and National Australia Bank will also have stakes./ppYesterday Duffield, 69, was unrepentant
about the restructuring which will also hurt his own pocket as he owns around 5% of the
company./pp"The cost of this restructuring is regrettably a substantial dilution for ordinary
shareholders, including me. However, in current market conditions we have to recognise that there
is no option to ensure the stability of the business," Duffield said./pp"We are now free to focus
all our attention on improving our investment performance. Our existing share-based bonus scheme
will be replaced by a new scheme to ensure that our key people are locked in." /ppTwo new
share-based incentive schemes are being put in place for New Star staff, many of whom had been
lured to work at the group by the promise of lucrative incentive schemes. Until the credit crunch
began to bite, the schemes had proved attractive to employees after its flotation at 225p three
years ago. The shares reached 450p before collapsing to just 4p which values the company at barely
pound;20m./ppStaff own about 25% of the company and the debt for equity swap will wipe out all
existing shareholders who will have to approve the de-listing of the shares. The company took on
the debt to return pound;363m to shareholders last year before the credit crunch began./ppDuffield
has taken out a total of pound;150m from the company which had been forced to renegotiate the terms
of the loan last month amid client withdrawals. Funds under management are now pound;13.9bn from a
peak of pound;20bn./ppNew Star had already embarked upon a cost cutting exercise and is losing 60
jobs from its workforce of 380. More posts may now be shed as the banks exert their influence.
Directors such as the chief executive Howard Covington may also decide to step aside. The anxiety
about the company's debt was heightened after the market mayhem caused by the collapse of Lehman
Brothers. Its customers' nerves were further frayed by the suspension of dealing in its
high-profile international property fund. The board also blamed its stock market listing for its
plight./pp"The board believes that the reporting requirements and public scrutiny that are part of
being a listed company have served to magnify these concerns," New Star said./ppThe restructuring
involves the banks converting pound;240m of the pound;260m they are owed into pound;94m of
preference shares and enough ordinary shares to allow them to own 75% of New Star. The preference
shares pay an annual interest and convert into ordinary shares that could ultimately allow the
banks to own 95% of the company. While returns for investors in its funds will be affected by the
financial turmoil, all investors' money is held in separate trusts and therefore ring-fenced from
the fund manager's operations./pdiv style="float: left; margin-right: 10px; margin-bottom:
10px;"ullia href="http://www.guardian.co.uk/business/newstarassetmanagementgroup"New Star Asset
Management/a/lilia href="http://www.guardian.co.uk/business/banking"UK banking sector/a/lilia
href="http://www.guardian.co.uk/business/mergersandacquisitions"Mergers and acquisitions/a/lilia
href="http://www.guardian.co.uk/business/creditcrunch"Credit crunch/a/li/ul/diva
href="http://www.guardian.co.uk"guardian.co.uk/a copy; Guardian News Media Limited 2008 | Use of
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