Just The Essentials, Please



The stylist Julia Freitag—a veteran of Germany’s short-lived Vanity Fair and a contributor to German Vogue—runs Styleproofed.com, where she tests and reviews appealing products. For Berlin fashion week, she called upon some famous friends—like Wolfgang Joop, Dirk Schönberger, and Michael Michalsky—for their own favorite products and items. The result, the mini-exhibition Objects of Desire From Ten Fashion Designers, is on view in the gallery space of Berlin Weekly, where it’ll remain for another week after fashion week wraps. (It’s also online at www.berlin-weekly.com.)

Their picks range from the spartan to the luxurious. Joop—not usually renowned for austerity—selected a pair of organic black socks from his own label. Schönberger spotlighted his favorite KingSize tumbler glasses (above)—design objects compelling enough that he changed his signature drink from straight vodka to vodka tonics to give himself an occasion for them. Michalsky offered his giant Birkin bag (not usually a men’s item, but when filled, heavy enough that it might take a man to lift it; top). And the former Helmut Lang designer Kostas Murkudis used the opportunity for a little wishful shopping. He picked a black and red “Motorradhelm von Aspesi” moto helmet. He doesn’t own a Vespa—yet.

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Just The Essentials, Please



The stylist Julia Freitag—a veteran of Germany’s short-lived Vanity Fair and a contributor to German Vogue—runs Styleproofed.com, where she tests and reviews appealing products. For Berlin fashion week, she called upon some famous friends—like Wolfgang Joop, Dirk Schönberger, and Michael Michalsky—for their own favorite products and items. The result, the mini-exhibition Objects of Desire From Ten Fashion Designers, is on view in the gallery space of Berlin Weekly, where it’ll remain for another week after fashion week wraps. (It’s also online at www.berlin-weekly.com.)

Their picks range from the spartan to the luxurious. Joop—not usually renowned for austerity—selected a pair of organic black socks from his own label. Schönberger spotlighted his favorite KingSize tumbler glasses (above)—design objects compelling enough that he changed his signature drink from straight vodka to vodka tonics to give himself an occasion for them. Michalsky offered his giant Birkin bag (not usually a men’s item, but when filled, heavy enough that it might take a man to lift it; top). And the former Helmut Lang designer Kostas Murkudis used the opportunity for a little wishful shopping. He picked a black and red “Motorradhelm von Aspesi” moto helmet. He doesn’t own a Vespa—yet.

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TOURE IS PREMIER LEAGUE'S HIGHEST-PAID PLAYER

Yaya's wonga is ga-ga

Toure will become the first footballer in England to smash the £200,000-a-week wage barrier.

And today we lift the lid on the craziest contract in English football - signed off by City chief executive Garry Cook.

The staggering sums will astonish fans already fed up with over-paid stars failing to justify their super-sized salaries.

Ivory Coast midfielder Toure - who played just 16 games for the Spanish champions last season - will receive a guaranteed £4.1million a year basic salary AFTER tax.

On top of that he will get an image rights payment of £1.65m a year (with a profit-share on his shirt sales) PLUS an £823,000 bonus each time City qualify for the Champions League PLUS a £412,000 bonus for winning Europe's top competition PLUS additional bonuses for winning the Premier League and FA Cup - all tax-free.

It means City will pay him a basic salary this season of a whopping £185,000 a week before tax.

Incredible

That figure will rise to an incredible £221,000 a week next April when the Government's new 50 per cent tax bracket comes into force - dwarfing the wages of England stars Wayne Rooney, Steven Gerrard, Rio Ferdinand, Frank Lampard and John Terry.

It also means City will have to fork out a basic £55.6m in wages over the five years - with that figure set to soar if Roberto Mancini's team are successful.

That is on top of the £24m transfer fee - making the total deal a minimum £79.6MILLION.

Toure - younger brother of City defender Kolo - passed his medical in Manchester last Monday after the transfer had been ratified by incoming Barca president Sandro Rossell, and the move was completed on Friday.

Toure, 27, has joined a squad full of inflated salaries as City go in search of the silverware to justify billionaire Arab owner Sheikh Mansour's remarkable outlay.

"This is a dream come true," said Toure.

"I have always wanted to play for the same club as my brother and I am so happy that it has finally happened.

"It's great for our family.

"Kolo told me that it's an amazing time for the club and a very exciting project.

"I love the Premier League and I watch it all the time.

"City did very well to finish fifth last season but I hope we can improve on that by qualifying for the Champions League.

"This is a big club and that has to be our first objective and then we have to look at winning championships as well."

City have also signed David Silva from Valencia for £24m and £11m Hamburg defender Jerome, and are still aiming to complete a £25m deal to buy England midfielder James Milner from Aston Villa.

But it is the details of Toure's mega-contract which will send shockwaves through football.

After lengthy talks with Barcelona and Toure's agent Dimitri Seluk at the end of the season, Cook finally made his offer in the week before the start of the World Cup.

City's in-house lawyer Simon Cliff, appointed from Shearman and Sterling in April 2009 and previously a consultant for Sheikh Mansour, helped mastermind the extraordinary deal.

History

Toure made just 13 starts for Barcelona in all competitions last season after losing his place to Spanish World Cup star Sergi Busquets and completed 90 minutes just nine times.

But now he will become the highest-paid player in the history of the Premier League.

Toure will earn a basic £5.75m a year AFTER tax, meaning he will take home £110,500 a week.

A trifle excessive perhaps for a player who has never played a full league season for any of his previous clubs.

And a trifle excessive perhaps for a Barca substitute who manager Pep Guardiola told was surplus to requirements at the Nou Camp.

Granted, Toure was outstanding in Barca's 2009 Champions League final victory over Manchester United in Rome.

But, incredibly, City believe his arrival suddenly turns them into major players and are convinced fans will all soon be wearing City shirts emblazoned with Toure's name on the back.

And, despite having four defensive midfielders on the books in Gareth Barry, Vincent Kompany, Nigel de Jong and Patrick Vieira, City still felt the need for a fifth.

The figures went through the roof just as Seluk was threatening to pull the plug on the entire deal.

Cook held several meetings in Barcelona with Seluk, along with football administrator Brian Marwood and various other City officials.

During City's amazing bid for Toure, they also offered to use their considerable "muscle" with sportwear manufacturers Nike and Umbro to get the midfielder a better boot deal.

Italian coach Mancini now has to somehow shoe-horn Toure into City's bulging team.

And Mancini has been left in no doubt by Cook they want Premier League title glory this season.

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With the US trapped in depression, this really is starting to feel like 1932

The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation.

People queue for a job fair in New York
People queue for a job fair in New York. The share of the US working-age population with jobs in June fell from 58.7pc to 58.5pc. The ratio was 63pc three years ago. Photo: EPA

"The economy is still in the gravitational pull of the Great Recession," said Robert Reich, former US labour secretary. "All the booster rockets for getting us beyond it are failing."


Ambrose Evans-Pritchard: Comment

"Home sales are down. Retail sales are down. Factory orders in May suffered their biggest tumble since March of last year. So what are we doing about it? Less than nothing," he said.

California is tightening faster than Greece. State workers have seen a 14pc fall in earnings this year due to forced furloughs. Governor Arnold Schwarzenegger is cutting pay for 200,000 state workers to the minimum wage of $7.25 an hour to cover his $19bn (£15bn) deficit.

Can Illinois be far behind? The state has a deficit of $12bn and is $5bn in arrears to schools, nursing homes, child care centres, and prisons. "It is getting worse every single day," said state comptroller Daniel Hynes. "We are not paying bills for absolutely essential services. That is obscene."

Roughly a million Americans have dropped out of the jobs market altogether over the past two months. That is the only reason why the headline unemployment rate is not exploding to a post-war high.

Let us be honest. The US is still trapped in depression a full 18 months into zero interest rates, quantitative easing (QE), and fiscal stimulus that has pushed the budget deficit above 10pc of GDP.

The share of the US working-age population with jobs in June actually fell from 58.7pc to 58.5pc. This is the real stress indicator. The ratio was 63pc three years ago. Eight million jobs have been lost.

The average time needed to find a job has risen to a record 35.2 weeks. Nothing like this has been seen before in the post-war era. Jeff Weniger, of Harris Private Bank, said this compares with a peak of 21.2 weeks in the Volcker recession of the early 1980s.

"Legions of individuals have been left with stale skills, and little prospect of finding meaningful work, and benefits that are being exhausted. By our math the crop of people who are unemployed but not receiving a check amounts to 9.2m."

Republicans on Capitol Hill are filibustering a bill to extend the dole for up to 1.2m jobless facing an imminent cut-off. Dean Heller from Nevada called them "hobos". This really is starting to feel like 1932.

Washington's fiscal stimulus is draining away. It peaked in the first quarter, yet even then the economy eked out a growth rate of just 2.7pc. This compares with 5.1pc, 9.3pc, 8.1pc and 8.5pc in the four quarters coming off recession in the early 1980s.

The housing market is already crumbling as government props are pulled away. The expiry of homebuyers' tax credit led to a 30pc fall in the number of buyers signing contracts in May. "It is cataclysmic," said David Bloom from HSBC.

Federal tax rises are automatically baked into the pie. The Congressional Budget Office said fiscal policy will swing from
a net +2pc of GDP to -2pc by late 2011. The states and counties may have to cut as much as $180bn.

Investors are starting to chew over the awful possibility that America's recovery will stall just as Asia hits the buffers. China's manufacturing index has been falling since January, with a downward lurch in June to 50.4, just above the break-even line of 50. Momentum seems to be flagging everywhere, whether in Australian building permits, Turkish exports, or Japanese industrial output.

On Friday, Jacques Cailloux from RBS put out a "double-dip alert" for Europe. "The risk is rising fast. Absent an effective policy intervention to tackle the debt crisis on the periphery over coming months, the European economy will double dip in 2011," he said.

It is obvious what that policy should be for Europe, America, and Japan. If budgets are to shrink in an orderly fashion over several years – as they must, to avoid sovereign debt spirals – then central banks will have to cushion the blow keeping monetary policy ultra-loose for as long it takes.

The Fed is already eyeing the printing press again. "It's appropriate to think about what we would do under a deflationary scenario," said Dennis Lockhart for the Atlanta Fed. His colleague Kevin Warsh said the pros and cons of purchasing more bonds should be subject to "strict scrutiny", a comment I took as confirmation that the Fed Board is arguing internally about QE2.

Perhaps naively, I still think central banks have the tools to head off disaster. The question is whether they will do so fast enough, or even whether they wish to resist the chorus of 1930s liquidation taking charge of the debate. Last week the Bank for International Settlements called for combined fiscal and monetary tightening, lending its great authority to the forces of debt-deflation and mass unemployment. If even the BIS has lost the plot, God help us
.

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Stem cell therapy 'first' in trial on arthritic knees


Bone marrow stem cellStem cell therapy is a less invasive treatment than joint replacement

A stem cell therapy for osteoarthritis is to be tested on patients in the UK for the first time.

A year-long trial, funded by Arthritis Research UK, will mix stem cells with cartilage cells in the lab and inject them back into damaged knee joints.

The new treatment could be an alternative to joint replacement surgery, experts hope.

Scientists from Keele University will study up to 70 people from the end of this year.

The trial will be run at the Robert Jones and Agnes Hunt Orthopaedic Hospital in Oswestry, Shropshire as part of a five-year research programme.

Three treatments are being tested in a randomised trial of patients with osteoarthritis of the knee.

Cell therapy

Using keyhole surgery, a patient's cartilage cells - also known as chondrocytes - and bone marrow stem cells will be removed and grown in a laboratory for three weeks.

We are using the body's own cells to repair damaged joints. The hope is that it will be permanent and long-term

Professor Sally Roberts,Keele University

They will then be re-implanted separately in some patients, and mixed together in other patients, into the area of damaged or worn cartilage.

Scientists will then test the effectiveness of all three types of cell therapy, based on the quality of the new cartilage formed over a period of 12 months.

Chondrocytes - cartilage cells - have been grown in a lab and re-injected into patients' damaged knees for the last 15 years.

But scientists now want to find out if combining cartilage cells and stem cells in the same process could work better, and specifically if one type of cell stimulates the other.

Less invasive

Prof Richardson from the Orthopaedic Hospital explains how the trial works

Osteoarthritis affects an estimated 8m people in the UK.

The condition is caused by wear and tear to the surface of joints, leading to stiffness and pain.

At present there is little effective treatment for osteoarthritis patients, apart from pain-relieving drugs and joint replacement.

The trial will focus on knee joints, but the results could have implications for other joints, say the scientists.

The advantage of stem cell treatment is that it's much less invasive than major joint replacement surgery.

Sally Roberts, professor of orthopaedic research at Keele University and lead scientist on the trial, says it's also a more "biological approach".

"We are using the body's own cells to repair damaged joints. The hope is that it will be permanent and long-term repair," she said.

But, even if successful, the treatment won't be used on everyone with osteoarthritis.

"Surgeons don't want to put implants into young patients in their 30s, so we are targeting these people for the use of this cell therapy if we can produce robust new cartilage cells.

"Stem cells certainly have huge potential - we just need to learn how to harness it properly," she added.

Jane Tadman, spokesperson for Arthritis Research UK, said: "This is just the start of developing this technique, and it could be a few years before such treatment will be in routine use."

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Britain's sports minister offers tax help to Usain Bolt

Usain Bolt

Bolt outshines rivals at Diamond League meeting in Lausanne

Britain's sports minister has offered to help Usain Bolt sort out the tax issues stopping the Jamaican sprinter from competing in London in August.

Triple Olympic champion Bolt, 23, had been due to run at the Diamond League meeting at Crystal Palace.

But he pulled out on Monday, citing Britain's prohibitive tax laws.

"If there is a particular problem [with Bolt] I'm happy to look at it and see if I can help," Sports Minister Hugh Robertson told BBC Radio.

"I've not had a direct approach from either the sport's governing body [UK Athletics] or the promoters of the Crystal Palace meeting [Fast Track] so I don't know exactly what we are dealing with here.

"It is a problem we have come across and addressed with other sports and clearly if they write to me I will take it up with the treasury.

"Golfers and tennis players have come to me, and I'm pretty sure that at the back end of the 2012 Olympic bill is a commitment not to tax overseas stars who come over to compete in the Olympics."

Robertson, however, added that it might be too late to prevent the 100m and 200m world record holder from taking on rivals Asafa Powell and Tyson Gay at the south London venue.

"I will see what I can do. Three weeks doesn't give us a whole lot of time to organise a tax concession," the sports minister stated.

Athletes competing in the UK are liable for a 50% tax rate on their appearance fee as well as a proportion of their total worldwide earnings - which for Bolt, who earns millions from endorsements, could be hugely costly.

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our de France 2010: Schleck captures lead as Casar makes France cheer

• Luis Leon Sanchez second, Damiano Cunego third
• Alpine stage enables Contador and Schleck to advance

France's Sandy Casar celebrates winning stage nine of the Tour de France
Tour de France 2010: France's Sandy Casar celebrates winning stage nine. Photograph: Lionel Bonaventure/AFP/Getty Images

Sandy Casar has won the mountainous ninth stage of the Tour de France as Andy Schleck of Luxembourg captured the overall race lead.

The French rider won the second and final Alpine ride by leading a seven-man breakaway in the 204.5km (127-mile) trek along three tough climbs including the fabled Madeleine pass. He took the stage, from Morzine-Avoriaz to Saint-Jean-de-Maurienne, in a sprint finish.

Schleck took the yellow jersey from Cadel Evans, who wore it for only one day, finishing behind the stage winner and alongside the two-times Tour winner Alberto Contador.

Spain's Luis Leon Sanchez was second in today's stage and Italy's Damiano Cunego came home third.

The race for the yellow jersey is narrowing, with Contador and Schleck, the winner of Sunday's first Alpine stage, distancing themselves from their rivals. Schleck (Team Saxo Bank) beat Contador (Astana) to the maillot jaune conceded after Cadel Evans (BMC Racing) imploded on the 97th Tour's first hors categorie (beyond category) climb, the Col de la Madeleine.

The duo tracked each other on the second half of the 25.5km ascent of the Madeleine and hit the summit 2min 10sec behind the four race leaders. The rapid ascent saw Schleck and Contador gain time on five riders.

Contador and Schleck, the 2009 Tour winner and runner-up respectively, finished two seconds behind to hand the Team Saxo Bank leader a 21-second overall lead over the Spaniard. Samuel Sanchez (Euskaltel-Euskadi) finished 52 seconds behind Casar to move into third place overall, 2min 45sec behind Schleck.

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The Open 2010: Tiger Woods' new Nike Method putter explained

All you need to know about Tiger Woods' Nike Method putter, and why golf's world No 1 is using it in favour of his old blade at the Open.

The Open 2010: Tiger Woods' new Nike Method putter explained
In the groove: Tiger Woods will be using the Nike Method putter on the slower greens of St Andrews at the Open Photo: NIKE / ACTION IMAGES

Tiger Woods has been with his Scotty Cameron Newport 2 putter for 11 years, but now the two are splitting up. The pair may just need some time apart or the move may become more permanent. Woods is putting a Nike Method into his bag for the Open at St Andrews this week.

The 'Method' putter was used by Stewart Cink during last year's Open victory and by Lucas Glover when he won the US Open. The holy grail of putting is "pure roll".

When most putts are struck the ball will leave the ground for 15 inches and then start to hop. Each month enhanced groove technology is developed to try to minimise that effect.

Woods has always putted brilliantly on the fast greens of Augusta with his Scotty Cameron, but has decided that he needs to change for the slower greens of St Andrews where he has to give the ball a bit more of a hit. So Scotty is out and Nike is in.

What Tiger says

"I've always struggled on slower greens (but in my practice rounds here) I haven't had to make that much of an adjustment because the ball is coming off a little bit quicker.

"This putter ... with the new groove technology ... rolls the ball better.

"[The change is] something (caddie) Stevie (Williams) and I have been talking about over the years - what can I do on slower greens?.

"I've always putted well on faster greens ... and can't wait to get to the fastest greens that we play on tour. But this week has been a little bit different.

"Some of my best putting rounds were when the greens were running at 14 or something like that on the stimpmeter [th device used to measure the speed of greens]. These greens aren't up to speed.

"Today one of the guys was out there doing a stimpmeter and it was under 10. I've always experimented with other putters throughout the years but I've never put one in play until now.

"You're going to have some real long putts here no matter how you hit it and you just have to get down in two. So many times you can three putt.

"The two years I've played well here I've lag putted beautifully and I've also hit the ball in the right spots."

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Cheryl Cole | Cheryl Tweedy | Celebrity Hair | Star Style | Pictures | Photos | Now Magazine
Cheryl Cole has had to cancel her appearance at V Festival in August

Cheryl Cole: My life is killing me

The singer’s hectic lifestyle finally catches up with her as she’s hospitalised with a potentially fatal disease

Up until last week, it seemed Cheryl Cole 
was unstoppable.

But after unexpectedly collapsing on the set of an X Factorshoot on Sunday 4 June, then discovering she has the deadly disease malaria, the singer got 
her harshest reality check.

The 27-year-old star's mapped-out future is hanging precariously in the balance.

‘This situation is devastating for her on so many levels,' 
an insider tells Now.

‘Being helpless, scared and not in control right now will be more difficult for her to handle than for others.

'She's totally bought into this "brand Cheryl" thing.

‘Her mum Joan's been pleading with her to take a year off.'

Experts warned that Cheryl, who had fluid on the lungs and who says she ‘feels like death', wasn't recovering as speedily 
as initially hoped, meaning she could be out of commission for the foreseeable future.

Malaria is likely to recur in patients who haven't built up a strong enough immunity, so Cheryl is very vulnerable if she doesn't change her current lifestyle.

‘It's not known which strain of the disease Cheryl has yet,' says Dr Wiselka, a specialist in infectious diseases at Leicester Royal Infirmary.

‘She'll need a period of rest and to seriously pare down her schedule. If you're under strain, it affects all your organs and can be fatal because 
it affects the blood, which then travels around the body and can cause complications.'

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Five hires Red Bee for Five HD playout


Five logo
Broadcast operator Red Bee Media has been appointed by Five to provide playout and media management services for the new Five HD channel.

Five HD, which launched today on Sky andVirgin Media, offers a high definition simulcast of the main Five channel, including HD versions of Australian soaps, US dramas and sport.

Red Bee will now manage the distribution of Five HD, which builds on its existing deals with Five for playout of the Fiver and Five USA digital channels.

The firm also handles all Five's video on-demand services, including Demand Five and the long-form video streaming deal with YouTube UK.

"Five HD is an exciting addition to our portfolio of channels that will broadcast a wide range of high quality programmes including dramas, entertainment, movies and sport in high definition," said Five controller of operations and technology David Burge.

"Coupling with Red Bee Media and their proven expertise in this area, Five HD will deliver an even more compelling experience for our viewers."

Red Bee Media chief commercial officer Alan Wright added: "We're delighted to add the media management and distribution of Five HD to the range of operations we already provide to Five, including playout of Fiver and Five USA, and management of VOD, access and metadata services.

"HD is fast becoming the standard as media companies realise the potential of digital. Five HD adds to our portfolio of HD channels that we manage and furthers our strategic growth at the forefront of digital media management."

Red Bee, which was previously BBC Broadcast, also handles distribution for BBC HD, Channel 4 HD, E4 HD, Living HD and BBC Worldwide HD in Scandinavia
.

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