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                ANNOUNCEMENTS & ART INFO
PLAUSABLEDENIABAL-XYZ666

Copyright© Charles Mingus 2008  PLAUSABLEDENIABAL-XYZ666
        11th International Energy Forum (IEF), Rome, 20-22 April 2008          
      Interview with the Director of UN Division
                 for Sustainable Development
 

                           
Ms. Kathleen Abdalla, Director, UN Division for Sustainable Development, Department of Economic and Social Affairs, N.Y
http://www.opec.org/home/Multimedia/
videos/2008/OPEC11IEF/IntUNAbdalla.htm
Countries - OPEC:

The official logo and/or name of the Organization of the Petroleum Exporting Countries (OPEC) are duly protected trademarks under the Paris Convention. Nevertheless, it has been brought to our attention that its emblem and official name are being unlawfully used for marketing, financial, investment as well as other business activities by fraudulent organizations, entities, agencies and individuals falsely alleging formal or informal links or agency relationships with OPEC in order to gain credibility.

BE WARNED that, OPEC is in no way linked to any such organizations, businesses, entities or individuals. Anyone wishing to forge a link with OPEC should do so via clearly established and widely publicized official channels by directly contacting the OPEC Secretariat at its Headquarters in Vienna, Austria.

OPEC accepts no liability or responsibility whatsoever for any damages including, without limitation, damages for loss of personal income, savings, business or loss of profits whether direct, consequential or incidental, arising in connection with or attributable to any action, decision, or steps taken as a result of using or relying on any material or information contained in any website, ads, emails, or correspondence of any kind purporting to involve OPEC in any of these schemes.
                                              MINDPOWREDGramophone.jpg

                                                                 masivsuperstionaandnod 

                                                    http://www.americansolutions.com




craig cat hidric model  
http://www.google.com/search?hl=en&sa=X&oi=spell&resnum=0&ct=result&cd=1&q=craig+cat+hidric+model             



http://www.bigtimegals.com/ftv/ftvgirls4/sabrina/EWxmpesY/

http://bulfinch.englishatheist.org/dreams/Dreams.html

http://www.amcmh.org/PagAMC/ciar/boletines/cr_bol125.htm
http://www.amcmh.org/PagAMC/ciar/boletines/cr_bol125.htm


http://www.blinkx.com/video/mary-black-heart-like-a-wheel/LFZnuAX5G3jTuH9ffRUPHw
http://mingus.charlesmingus3art.com/thesoulofa-flea--_806.html

James Kalm arrives at Bickerton’s second one-man exhibit at the gallery
and explores with viewers the latest permutations in the befuddling
production of this self imposed South Seas exile.  Using a range of media
 including digitally printed photography on canvas the artist creates a
 disturbing mélange of high-tech procedures and aesthetic theories with
a faux-naïve nativism that implies a cynical view of modern man’s relation
 to the exotic.  This is served up in a glossy commercial presentation with
 extravagant locally produced frames that subversively appeals to our notion
of the “tourist trade”.  Featuring comments by artist Philip Simmons.

 http://www.artcal.net/event/view/1/6708 
 
http://blip.tv/file/813051

http://blip.tv/file/964611?utm_source=episodepg_featured&utm_medium=episodepg_featured
I read a review of a new book, Kluge - The Haphazard Construction of the Human
Mind that describes a lot of our brain function and memory processes as actually
quite improvised, and contextual, not particularly logical or repeatable. That
is a contrast to the methodical approach of computers, yet one that suits us
being able to take action on the fly. As life becomes less and less predictable,
being able to improvise is a more appealing skill IMO. FYI, kluge is a computer
term for banding things together in unpredictable ways.

Hawaiian word:
Haku wale: improvise

 reef.beachwalks.tv

http://blip.tv/file/964611?utm_source=episodepg_featured&utm_medium=episodepg_featured

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

 

Rome
July 20, 2008

Hello,

You may know that I used to be a painter. I left Boston and all of my art work in 1989 to run away with The Living Theatre.

I never went back to Boston and so I lost all of my paintings (except for two that made their way to North Carolina). A few I gave to friends- but I don't know where those friends are anymore. Maybe they still have a painting or two of mine. Then I lost the slides of my paintings. (!) Last month, however, while cleaning out a Living Theatre storage space I stumbled by chance upon those slides. So it is that I thought to share my paintings with you.

They say if you meet a Buddha on your path to kill him. If you meet one of my paintings in your travels steal it! (And send me an email!)

Gary
garyliving@yahoo.com


Click here to go to gallery: paintings

www.videoweekly.net

bijou-mieke-email.jpg
 
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Water can be broken into Hydrogen
on demand... for free...



http://wer.microsoft.com/responses/main_9.css
Equinox - It Runs on Water - Overunity  
 
http://www.youtube.com/watch?v=AO15VGtKZo0

AntiGravity Free Energy Pt3of7 by Stan Deyo 
http://www.youtube.com/watch?v=Gn3qXoBu8hA&feature=related

http://www.waterfuelcell.org/


SUPER-EFFICIENT ELECTROLYSIS


Water can be broken into Hydrogen and Oxygen using electricity. Standard chemistry books
claim that this process requires more energy than can be recovered when the gases are
recombined. This is true under normal circumstances, but it is not true under ALL
circumstances. When ordinary tap water is hit with a series of high voltage impulses,
using a system developed by Stan Meyer (USA) and again more recently by Xogen Power
(Canada), it splits into Hydrogen and Oxygen gas with significantly less electrical input.

Even ordinary electrolysis can be made more efficient by using different electrolytes
(additives that make the water conduct electricity better). For instance, Potassium
Hydroxide works better than Sodium Hydroxide. It is also known that certain geometric
structures and surface textures on the electrodes work better than others. Stan Meyer
used concentric tubes with very close tolerances instead of the standard practice of
parallel flat plates.

The implication is that unlimited amounts of Hydrogen fuel can be made to drive engines
 (like in your car) for the cost of water. Even more amazing is the fact that a special
 metal alloy was patented by Freedman (USA) in 1957 that spontaneously breaks water into
 Hydrogen and Oxygen, with no outside electrical input and without causing any chemical
changes in the metal itself. This means that this special metal alloy can make Hydrogen
 from water for free, forever.

LINKS
The following two links lead to videos of Stan Meyer's Water Fuel Cell technology:

http://www.metacafe.com/watch/67009/water_power_car/

http://www.lonelantern.org/stanmeyersvideo.html

http://www.waterfuelcell.org

PATENTS - Following are four patents related to this technology that you might want to look up.

Chambers -USP #6,126,794
Freedman - USP #2,796,345 & USP #2,927,856
Meyer - USP #4,936,961

http://24hoursnews.blogspot.com/2007_10_27_archive.html

http://www.free-energy.ws/electrolysis.html
http://www.sealweb.org/Articles.html


http://commodityecology.blogspot.com/2007/06/34-energy.html
Commodity Ecology
Launched to provide a parallel information service connected with _Toward a Bioregional State,
the book; this parallel blog is the commentary, your questions and my answers, on technological
 and material science news from around the world related to the issues of sustainability and
unsustainability and how to institutionalize it in particular watersheds anywhere in the world,
 in a running muse on various issues of concern or inspiration.
http://commodityecology.blogspot.com/2007/06/34-energy.html

 www.epa.gov/.../final_era/EcoCharReport.pdf


Park Ji-Sung
World news and art news, current affairs, schizociation and image posts from James Deutsher.
http://deutsher-park.blogspot.com/
Google backs green computer plan
 


                                                         nancybon2
zbigniewbrzezinskiisiseclayfeet

zbigniewbrzezinskiisiseclayfeet.   Copyright© Charles Mingus 2008





Wooden_Picture_zbigniewbrzezinski.jpg




borneyesterday

soiagitti





1960-61) by James Rosenquist.creativetechnology.salford.ac.uk


Rosenquist President
1960-61) by James Rosenquist.
600 x 372 - 33k - jpg
creativetechnology.salford.ac.uk

... (1960-61) by James Rosenquist.
600 x 372 - 33k - jpg
creativetechnology.salford.ac.uk
James Rosenquist/Licensed by VAGA, ...
430 x 409 - 50k - jpg
www.guggenheim.org
James Rosenquist, I Love You with My ...
430 x 379 - 47k - jpg
www.guggenheim.org
Jim Rosenquist
425 x 332 - 19k - jpg
www.katepple.com
James Rosenquist - Images James ...
400 x 375 - 26k - jpg
www.askart.com
... a 1961 James Rosenquist painting ...
400 x 351 - 29k - jpg
www.bigtimeattic.com
James Rosenquist
250 x 320 - 33k - jpg
americanart.si.edu
... of pop artist James Rosenquist:
400 x 265 - 35k - jpg
nathanabels.blogspot.com
Pop Icon: James Rosenquist
315 x 400 - 42k
charmedcitygirl.blogspot.com
James Rosenquist/ Marilyn Monroe, ...
400 x 300 - 21k - jpg
momahildawa.blogspot.com
Rosenquist, James - Arte Pop
315 x 400 - 41k - jpg
oseculoprodigioso.blogspot.com
James Rosenquist 'Flowers and ...
550 x 480 - 73k - jpg
www.artnet.com
Jim Rosenquist
500 x 375 - 91k
www.flickr.com
... Photobucket · Jim Rosenquist ...
240 x 240 - 13k - jpg
profile.myspace.com
... Hugo Boss for Jim Rosenquist at ...
285 x 425 - 84k - gif
inamorata.0catch.com
James Rosenquist
500 x 375 - 20k - jpg
www.artthrob.co.za
JAMES ROSENQUIST (1933 - )
213 x 237 - 23k - gif
www.e-fineart.com
James Rosenquist
363 x 325 - 40k - jpg
www.artsconnected.org

-






Jasper Johns Gallery - 39 items
http://www.art.com/asp/display_artist-asp/_/Aff--CONF/CTID--778513482/RFID--381997/TKID--15051782/crid--74/posters.htm

-2-
  
http://www.artchive.com/artchive/J/johns.html
http://www.artchive.com/artchive/j/johns/summer.jpg

"Johns's marks articulate matter on a surface so that it becomes an objective correlative
of sensations such as, say, looking without focusing, looking fixedly, looking out of windows,
looking into darkness, seeing things grow, seeing them sicken, seeing the passing of a day,
feeling threatened, feeling nothing, feeling elated, feeling tears prick the back of one's eyes.
Marks of varying tempo, weight and direction caress and bruise and elaborate and disrupt and
erode the familiar forms of everyday emblems - flags, letters, numbers, etc. - rather as in a
Cézanne marks of varying tempo, weight and direction caress and bruise and elaborate and disrupt
and erode the familiar forms of everyday objects - apples, ginger-jars, jugs, etc

-3-
http://www.artchive.com/artchive/J/johnsbio.html

===========

http://www.josephklevenefineartltd.com/NewSite/JohnsLandsEnd.htm
Jasper Johns Limited Editions: 1960-2007

Jasper Johns
Land's End (ULAE 199), 1979
Lithograph on Kurotani paper
52 x 36 inches
Edition of 70
Signed & Dated in Pencil "J Johns '79" lower right Numbered in Pencil by the Artist from the edition
of 70 lower left.
Printed By: Charles Ritt, Serge Lozingot Publisher: Gemini G.E.L., 1979

Literature:
Richard Field, The Prints of Jasper Johns 1960-1993: A Catalogue Raisonne, ULAE, New York, 1994,
Catalogue Reference ULAE 199, n.p., reproduced in full-page black and white (another impression
reproduced).

http://www.josephklevenefineartltd.com/NewSite/JohnsLandsEnd.htm

===========

Tapiistry from New Zeland
Digital Art Works
 
This gallery is to show the digital art works that I have made
recently. This is quite a change from tapestry and drawing
but really fun to do. These works are original digital prints
and not reproductions of art works done in a different
medium so I have no hesitation in calling them prints.

''We Are Blind...'' 2006   84 x 84cm
This work is my first major digital art work. It
has been accepted in the Anthony Harper
Awards at CoCA (Centre of Contemporary Art)
in Christchurch.

The work deals with issues of blindness, both the genetic physical aspect and
the mental and psycholigical aspects of blindness in its many forms.
Price. $1800.00

Status. For Sale

Welcome to tapestry.co.nz

 http://www.tapestry.co.nz/showgallery.php?gallery=20 (1 of 3) [4/17/2008 3:29:40 PM]

 Commissions - How to
 
consult picture Step 1 - Client consultation Commissioning begins with discussions
between Marilyn and the client or agent. Marilyn designs unique works specifically for
you and the space the tapestry will be hung. Creative assistance and direction, in
collaboration with other artists can also be arranged.
After the decision to proceed is made, detailed
 
planning between the client and Marilyn is undertaken prior to producing the design.

concept notes/sketch picture Step 2 - Concept accepted Once the design is accepted, a quotation
consisting of the design brief, completion date, and price is supplied.

Payment of 50% upon acceptance of the quotation, a 25% progress payment halfway
through the work and the balance on completion is required.
Marilyn then produces the <cartoon>, and weaving commences.

 http://www.tapestry.co.nz/commissions.html (1 of 3) [4/17/2008 3:18:28 PM]
 http://www.tapestry.co.nz/gallery.php (1 of 5) [4/17/2008 3:18:46 PM]


--------------------------------
--------------------------------

    http://fisherwallace.com/

    founde a fish oil http://www.whileyouplay.com/briteage/briteage-g1.html 


    Title Loose Change Final Cut 2 hr 10 min - 4 Feb 2008
    No ratings yet  (861 ratings)   video.google.com
 
  
http://video.google.com/videoplay?docid=8510748876310097541&hl=en-GB
 
   Loose Change Final Cut
http://luem42.googlepages.com/links.html
   ============================== 
   Title   Zeitgeist, The Movie - Remastered / Final Edition   Artist / Source   -
   Source URL  
http://video.google.com/videoplay?docid=-594683847743189197
   File Name: Zeitgeist,
   The Movie - Remastered Final Edition.flv
   Length   2:02:15  Format   Flash Video
   Quality   354Kbps  Audio Channels   2
   Rights Summary There are no rights or restrictions associated with this clip
   Allow playback on PC   No (play to authorize) Content viewable until   Unlimited
  

http://www.eisgroupltd.com/eis1000.htm
Stan Meyer's Waterdriven Car
http://www.waterfuelcell.org/ (1 of 6) [3/16/2008 5:51:40 AM]

http://rense.com/1.mpicons/dees1.htm

===========================================
RTYUIImage11bturquoislineB

==========================================


    There is no flag large enough to: cover the the shame of killing innocent people.

    http://www.flickr.com/photos/63243500@N00/209371208/in/photostream/page3/
    http://images.google.com/images?hl=en&newwindow=1&safe=off&rls=DNUS%2CDNUS%3A2007-12%2CDNUS%3Aen&q=There+is+no+flag+large+enough+to+cover+the+the+shame+of+killing+innocent+people&btnG=Search+Images

    There is no flag large enough to cover the the shame of killing innocent people 
   
http://www.google.com/search?hl=en&newwindow=1&safe=off&rls=DNUS,DNUS:2007-12,DNUS:en&q=There+is+no+flag+large+enough+to+cover+the+the+shame+of+killing+innocent+people&ie=UTF-8&sa=N&tab=iw
 


    political satire  
http://rense.com/1.mpicons/dees1.htm

http://rense.com/wtcsplshpage.htm


On Apr 18, 2008, at 4:49 PM,

      There is no flag large enough to cover the the shame of killing innocent people.

 http://www.google.com/search?hl=&q=+There+is+no+flag+large+enough+to+cover+the+the+shame+of+killing+innocent+people.&btnG=Google+Search
 
http://images.google.com/images?hl=&q=+There+is+no+flag+large+enough+to+cover+the+the+shame+of+killing+innocent+people.&um=1&ie=UTF-8&sa=N&tab=wi

    <NoFlagLargeEnough>

“Dissent is the highest form of patriotism.”
During interview with TomPaine.com
 Anand_Singh Howard Zinn quote
 
Similar Quotes. About: Patriotism quotes, Dissent quotes. 
 Add to Chapter...      
 
 
“There is no flag large enough to cover the shame of killing innocent people.”
Howard Zinn quote
 
Similar Quotes. About: War quotes, Politics quotes. 
Add to Chapter...      
 
“If the gods had intended for people to vote, they would have given us candidates”
 Howard Zinn quote
 
Similar Quotes. About: Funny quotes, Politics quotes. 
 Add to Chapter...      
 
 
“Americans have been taught that their nation is civilized and humane. But, too often, U.S. actions have been uncivilized and inhumane.”
 Howard Zinn quote
 
Similar Quotes. About: America and Americans quotes. 
Add to Chapter...      
 
 
“We need to decide that we will not go to war, whatever reason is conjured up by the politicians or the media, because war
in our time is always indiscriminate, a war against innocents, a war against children”
Howard Zinn quote
 
Similar Quotes. About: War quotes, Politicians quotes, Decision quotes. 
 Add to Chapter...      
 
 
“In the United States today, the Declaration of Independence hangs on schoolroom walls, but foreign policy follows Machiavelli.”
 Howard Zinn quote
 
    
 
 “If those in charge of our society - politicians, corporate executives, and owners of press and television -
 can dominate our ideas, they will be secure in their power. They will not need soldiers patrolling the streets. We will control ourselves.”
 Howard Zinn quote
 

 “(Nationalism is) a set of beliefs taught to each generation in which the Motherland or the Fatherland is an object of veneration
and becomes a burning cause for which one becomes willing to kill the children of other Motherlands or Fatherlands”
 Howard Zinn quote
 
Similar Quotes. About: Belief quotes. 
Add to Chapter...      
 
“One certain effect of war is to diminish freedom of expression.”
 Howard Zinn quote
 
 
Add to Chapter...      
 
 
      “I'm worried that students will take their obedient place in society and look to become successful cogs in the wheel -
 let the wheel spin them around as it wants without taking a look at what they're doing. I'm concerned that students not
 become passive acceptors of the official doctrine that's handed down to them from the White House, the media, textbooks,
 teachers and preachers.”
 Howard Zinn quote
 .

===========================================
__________________________________________________

http://www.erictotherow.com/gallery/v/Locations/Bethlehem_Steel/a+light+in+the+shed.jpg.html

http://www.mod-langs.ox.ac.uk/women-and-death/index.html

Top Art

Photographer Eric Totherow  
All images and content copyright 2007 Eric Totherow. All rights reserved.
http://www.erictotherow.com/gallery/v/Locations/Bethlehem_Steel/
Bethlehem Steel

I was very fortunate to have been allowed access to the Bethlehem Steel facilities in Bethlehem Pennsylvania
in September 2006. The photographs below were captured in a single day of wandering around this massive site
which had been closed for about 11 years. As you will see, what I discovered in my explorations was far more
beautiful, poignant, and complex than the post-industrial detritus I had expected to find. And I am very
grateful to have been given the chance to document this since less than a year after my visit major construction
broke ground to transform the Bethlehem Steel site into a multi-purpose hotel/casino/retail/cultural center
aimed at revitalizing the Lehigh Valley area.
 

--------------
-1-
Jasper Johns Gallery - 39 items
http://www.art.com/asp/display_artist-asp/_/Aff--CONF/CTID--778513482/RFID--381997/TKID--15051782/crid--74/posters.htm

-2-
  
http://www.artchive.com/artchive/J/johns.html
http://www.artchive.com/artchive/j/johns/summer.jpg

"Johns's marks articulate matter on a surface so that it becomes an objective correlative
of sensations such as, say, looking without focusing, looking fixedly, looking out of windows,
looking into darkness, seeing things grow, seeing them sicken, seeing the passing of a day,
feeling threatened, feeling nothing, feeling elated, feeling tears prick the back of one's eyes.
Marks of varying tempo, weight and direction caress and bruise and elaborate and disrupt and
erode the familiar forms of everyday emblems - flags, letters, numbers, etc. - rather as in a
Cézanne marks of varying tempo, weight and direction caress and bruise and elaborate and disrupt
and erode the familiar forms of everyday objects - apples, ginger-jars, jugs, etc

-3-
http://www.artchive.com/artchive/J/johnsbio.html

 
Press Release    Source: Trina Solar Limited

Trina Solar Discontinues Development of Polysilicon Production Facility
Monday April 14, 7:30 am ET
CHANGZHOU, China, April 14 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL - News; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced its decision to discontinue the development of its previously announced 10,000MT polysilicon production facility having a total estimated cost of $1 billion. The Company also announced that its related equipment supply contract with GT Solar Incorporated ("GT Solar"), which was subject to final approval by the Boards of both companies, will lapse as a result, with the concurrence of both parties.
ADVERTISEMENT
"We have made this strategic decision after careful assessment of our raw material requirements, in conjunction with recent and favorable long term polysilicon market and supply condition developments." said Jifan Gao, Trina Solar's Chairman and CEO. "Furthermore, we wish to reaffirm our strong working relationship with our partner GT Solar, which continues to provide us with advanced multicrystalline technology platforms to support our target of 350MW of annualized module capacity by the end of 2008."

Tom Zarrella, GT Solar's CEO, stated, "Trina Solar is a long-term and valued customer, and we look forward to supplying them with our advanced DSS casting platforms and other products and services, as they continue to grow their business aggressively."

As a result of recent favorable changes in the polysilicon supply environment, Trina Solar now believes it has greater access to polysilicon feedstock to support its growth objectives. To address its forward polysilicon requirements, the Company will continue to sign long term contracts as a means to meet its strategic supply needs. Additionally, Trina Solar will consider strategic investment options in future polysilicon projects which offer attractive economics and involve smaller investment requirements, although no projects are currently under consideration.

The Company will post Q&A relating to this announcement on the Investor Relations homepage of its website.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally- friendly electric power for residential, commercial, industrial and other applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .

About GT Solar

GT Solar Incorporated, a wholly-owned subsidiary of GT Solar International, is a key global provider of manufacturing equipment and turnkey manufacturing solutions across the photovoltaic supply chain. Based in Merrimack, NH (USA), the company's products include equipment used to produce multi-crystalline solar wafers, cells and modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce polysilicon from which solar wafers are made. For more information, go to http://www.gtsolar.com .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, Trina Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

    For more information, please contact:

    Trina Solar Limited
     Sean Shao, CFO
     Tel:   +86-519-8548-2008 (Changzhou)

     Thomas Young, Director of Investor Relations
     Tel:   +86-519-8548-2008 (Changzhou)
     Email: ir@trinasolar.com

    CCG Elite Investor Relations
     Crocker Coulson, President
     Tel:   +1-646-213-1915
     Email: crocker.coulson@ccgir.com

     Ed Job, CFA
     Tel:   +1-646-213-1914
     Email: ed.job@ccgir.com


Source: Trina Solar Limited


      

           14partyxlarge1       
Aaron Houston for The New York Times Paul Parmar has added a
BMW and a Bentley to his stable of cars in Colts Neck, N.J.
April 14, 2008
Despite Tough Times, Ultrarich Keep Spending
By CHRISTINE HAUGHNEY and ERIC KONIGSBERG

Who said anything about a recession? Sometime between the government bailout of Bear Stearns
and the Bureau of Labor Statistics report that America lost 80,000 jobs in March, Lee Tachman spent
 roughly $50,000 last month on a four-day jaunt to Miami for himself and three close friends.

The trip was an exercise in luxuriant male bonding. Mr. Tachman, who is 38, and his friends got
around by private jet, helicopter, Hummer limousine, Ferraris and Lamborghinis; stayed in V.I.P.
 rooms at Casa Casuarina, the South Beach hotel that was formerly Gianni Versace’s mansion; and
 played “extreme adventure paintball” with former agents of the federal Drug Enforcement Administration.

Mr. Tachman, a manager for a company that executes trades for hedge funds and the owner of
 “a handful” of buildings in New York, said he has not felt the need to cut back.

“I always feel like there’s a sword of Damocles over my head, like it could all come crashing down
at any time,” he said. “But there’s always going to be people who are trading, and there’s always going
 to be a demand for real estate in New York.”

He is hardly alone in his eagerness to keep spending. Some businesses that cater to the superrich
report that clients — many of them traders and private equity investors whose work is tied to Wall
Street — are still splurging on multimillion-dollar Manhattan apartments, custom-built yachts,
contemporary art and lavish parties.

Buyers this year have already closed on 71 Manhattan apartments that each cost more than $10 million,
 compared with 17 apartments in that price range during all of 2007. Last week, a New York
 art dealer paid a record $1.6 million for an Edward Weston photograph at Sotheby’s. And the GoldBar,
 a downtown lounge, reports that bankers continue to order $3,000 bottles of Rémy Martin Louis XIII Cognac.

“When times get tough, the smart spend money,” said David Monn, an event planner who is organizing
a black-tie party on May 10 for dignitaries and recent purchasers of apartments at the Plaza Hotel; the
average price there was $7 million. “Short of our country going on food stamps, I don’t think we’re doing
 anything differently.”

Some extreme spenders say they have not cut back on their impulse Bentley or apartment purchases
because they have made so much money in the good times from the Internet, stock market and real estate.
 Some have been able to move their money into investments like private equity that are available only to
 those with extensive capital. Some rationalize cars and home renovations as “investments.” And some
simply don’t want to skimp on the weddings and anniversary parties that
 they see as milestone events.

“We’re trying to spend on what we feel is important,” said Victor Self, an executive with a fitness company
 who, with his partner, is planning to spend $100,000 on a commitment ceremony on
St. Barts and a dessert party for 200 to 300 guests at Jeffrey, a clothing store in the meatpacking district.

Many economists warn that the nation’s financial troubles may spread far more widely, and could ultimately
 touch even the wealthiest. The financial sector could lose as many as 20,000 jobs in New York City by the
 end of 2009, according to the city’s Independent Budget Office. And at a March 18 policy meeting, Federal
 Reserve Board members raised the possibility of a “prolonged and severe economic downturn,” recently
 released minutes show. That threat has undoubtedly caused some affluent people to consider some degree
of frugality.

But that still leaves plenty who are consuming away, and one of the things New Yorkers love to consume is
 real estate. In October, Marc Sperling, the 36-year-old president of an equity-trading company, bought a
new condo on the Upper West Side in a building where four-bedroom apartments like his cost more than
$4 million. When he moves into the completed building next year, he plans
to hold on to his other two apartments in Murray Hill and Miami Beach — each of which he values at about
$2.5 million.

Mr. Sperling views the nation’s economic slump as a temporary problem, and is grateful that it has
 yet to affect him. “I think if you have the means to ride it out, that’s what you do,” he said.

His view of the subprime mortgage crisis seemed to reflect a sort of inverse class resentment.

“I don’t want to sound harsh, but the people who were buying million-dollar houses with a combined
household income of $70,000 or $80,000 were the ones who were chasing easy money,” he said.

Days before the collapse of Bear Stearns, the bank’s chairman, James E. Cayne,
paid $25 million for a 14th-floor condo at the Plaza Hotel.

He, too, is invited to the May 10 party at the Plaza. It will feature a dozen
female string musicians made up to look like statues and clothed in dresses
of fresh flowers, like roses and gardenias. There
will be caviar and Cognac bars, as well as a buffet designed to visually replicate
17th-century Dutch paintings from the recent Metropolitan Museum of Art exhibit,
 “The Age of Rembrandt.”

Even high-end rentals are going fast. In just the three weeks since it arrived on
the market, a four-bedroom apartment at 15 Central Park West, advertised for
$55,000 a month, has gone to contract. The broker, Roberta Golubock with
 Sotheby’s International Realty, said she showed the apartment
to eight financially qualified prospects.

Some New Yorkers defend their spending as investments or gifts to themselves. In August, Karen Borkowsky
 and Robert Kennedy, a partner in a law firm, were married at the Rainbow Room. The reception, which the
 event planner, Shawn Rabideau, lavished with glass and calla lilies, cost $150,000 to $200,000. But when
Ms. Kennedy considered that she had survived breast cancer and, at age 41, married a guy she had dated
in high school, the wedding’s cost seemed less exorbitant. Then, shortly after returning from their honeymoon,
 the couple started a $400,000 project to combine and restore two apartments into a three-bedroom,
 three-bath co-op on the Upper West Side. “We are investing in the longevity of the apartment,” she said.

There are also some people who say they have not been hurt because they have poured so much money
 into opportunities not available to the Main Street investor. Paul Parmar, a 37-year-old in
vestor in companies specializing in health care, defense, media, luxury items and private aviation,
 says he is living just as large as ever.

In recent months, Mr. Parmar, who lives in Colts Neck, N.J., said he bought 140 acres in Mineola,
Tex., and is spending $20 million to begin building a refuge there for abused tigers. Since January,
 he said
 he added to his car collection with a $110,000 BMW 750 Li (for his girlfriend) and a Bentley Arnage
for himself, for about $300,000. He is leasing a Maybach through Luxautica, an “ultimate car club”
 that has annual fees of about $125,000.

“On a spending level,” Mr. Parmar said, speaking about a possible recession, “it doesn’t affect me at all.”
That said, providers of luxury goods reported anecdotal evidence of a widening gap between the merely rich
 and the ultrarich. Clifford Greenhouse, who owns a household-staff employment company, said he suspects
 that the merely rich might be starting to lag behind their far richer counterparts, and are trimming their
 budgets. He cited reduced demand for chauffeurs — a relatively small-ticket service — yet ever-strong
demand for private chefs, butlers and “household managers.”

Darren Sukenik, a real estate broker with Prudential Douglas Elliman, said that while business may
be slower for clients with a mere million to spend on apartments, none of his clients with budgets of more
 than $2.5 million have stopped shopping. Seth Semilof, the publisher of Haute Living, a luxury magazine,
 said that luxury car dealerships that advertise with him are pushing Bentleys and Rolls-Royces at the expense
 of less-extravagant cars like the BMW 5 Series.

“If you look at the $20 million-plus market, it’s still strong as ever,” Mr. Semilof said. Some of the ultrarich
 are still willing to pay above sticker price for things they want badly enough. Mr. Semilof helped three
buyers in the past two months acquire Rolls-Royce Phantom convertibles for as much
 as $200,000 above the asking price of $465,000.

And Eric Lepeingle, a yacht salesman for the Rodriguez Group, said that since January, three New Yorkers
bought yachts worth $8 million to $35 million. Although the weak dollar does give some pause to buyers
considering Italian-built yachts, Mr. Lepeingle said, they eventually give in. “They want the
product anyway,” he said.

All sorts of products, actually.

“They want their Jeroboam, or Methuselah, or Nebuchadnezzar,” said Ronnie Madra, referring to the sizes
of Champagne bottles served at 1OAK, a lounge on West 17th Street where he is a part-owner.
A Nebuchadnezzar, weighing in at 15 liters, costs up to $35,000.

There would be no Nebuchadnezzar for Mr. Tachman and his friends in Miami, but they soldiered on until the
 moment the wheels of their private jet returned to the tarmac in New York.

There were hand-rolled cigars, massages, guided rides in racing boats and fighter jets — all arranged by In
 The Know Experiences, a travel and concierge service in Manhattan.

“It was just all out — it was insane,” said Mr. Tachman. “I’m not afraid to spend money like that.”

Sharon Otterman contributed reporting.

Copyright 2008 The New York Times Company


                                                                                                                                                                              

                     


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