Posts tagged police
Posts tagged police
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DUBAI (Reuters) - The city that boasts the world’s tallest building is equipping its police with $400,000 Lamborghini sports cars that Dubai’s deputy police chief says are in keeping with the Gulf capital’s image.
They also go fast, since according to the website of Lamborghini, an affiliate of the Volkswagen Group (VOWG.DE), all the Italian company’s cars reach 100 kph (60 mph) in well under six seconds.
Major General Khamis Mattar Al Mazeina said that a fleet of Lamborghinis, each estimated to cost around $400,000, had been obtained by the Dubai police for use at main tourist sites.
“The aim is to reflect the reputation of the emirate and the high stature it achieved,” Mazeina said.
“It will also help promote tourism and showcase the security role the Dubai police plays in safeguarding the city,” he added.
To read more go to Reuters
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“I can’t believe things are that well managed. There’s a Three Mile Island lurking everywhere, just when you think you have all of this stuff nailed down. I wrote about the Weimar Republic a little earlier this week and one of the notes I pointed out was that even when they were printing money, literally printing, the inflationary spiral didn’t happen instantly.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/12_Art_Cashin_-_We_Are_At_Risk_Of_A_Frightening_Hyperinflation.html

Traders at Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA), Societe Generale SA (GLE)and Credit Agricole SA (ACA) are under investigation for interest-rate manipulation in a global probe that led to a record fine for Barclays Plc (BARC) last month, a person with knowledge of the matter said.
Source: Bloomberg
(Source: phamzor)