UFO Info Week-End

But in the world of copper trading Mr Hamanaka has long been a legend

But in the world of copper trading Mr Hamanaka has long been a legend.Once, the story goes, a speculator in one London market became so frustrated with his financial heft that he punched out the window of the public gallery. He is quoted as saying that the preeminent position of Sumitomo Corporation in copper trading is attributable to “expertise in risk management”. At this point, according to the latest accusations against him, Mr Hamanaka had been carrying on his illegal trade, completely undetected, for five years.Leeson ($1.4bn) and Iguchi ($1.1bn) became notorious only after the event, when the details of their private lives were picked over with equal relish by the British tabloids and their oriental equivalent, Japan’s weekly magazines. Now the league table of rogue traders is topped by a new name. Mr Hamanaka, one of the world’s most feared and respected copper traders, has left the mighty global Sumitomo Corporation trading company with losses totalling $1.8bn (pounds 1.2bn). The Serious Fraud Office in London yesterday announced an urgent investigation into Sumitomo’s affairs.
Just a few years ago, Mr Hamanaka was a business hero.

We have had Nick Leeson, the trader who brought down Barings. Then came Toshihide Iguchi, a New York-based dealer awaiting sentence. But his confidence and his power to move this market were unmatched So, it turns out, was his colossal dishonesty. With his steel- rimmed glasses and grey flannel suits, he was a generic senior Japanese salaryman. Nor do non-ferrous metals sound, on the face of it, the most glamorous of commodities. Thousands of animal-lovers have been attempting to protect their pets from ultra- violet rays, by tattooing them black.In the treatment, a dark pigment is applied to cats’ and dogs’ ears and noses.

Other pale-skinned animals such as cattle and sheep, are also prone to cancer but they do not get preventive tattooing “If they get tumours, we just shoot them,” a vet said “They have lower companionship value.”. Solution: to give added protection to pale-skinned cats and dogs via the tattooist’s needle. It is incredibly unfair: we represent 8m motorists and for many of them there simply is no alternative.”The Liberal Democrats yesterday announced their plans for reducing emissions and pollution, unveiling plans for a new tax on coal, oil and gas to cut Value Added Tax across the board or to reduce employers’ national insurance contributions.Party strategists believe that their latest version of a “carbon tax” on fossil fuels could create hundreds of thousands of new jobs, while curbing emissions of greenhouse gases which have begun to alter the climate.The effect of these changes in New Zealand, with a widening of the hole in the ozone layer, has been somewhat unusual: a large number of pets have been given tattoos.Vets, alarmed at the rising incidence of skin cancer in animals noticed that dark-skinned pets were less likely to suffer. Those who are affected may need to consider modifying their treatment, consulting their doctors as necessary.”Rebecca Rees, a spokeswoman for the AA, said it was pointless asking people not to use their cars at weekends. “We are aware of the smog problem and we want to do our part to deal with it, but if the Government is going to tell people to leave their cars at home it has to offer a decent alternative – otherwise they won’t.”We are all for more cycling and so on but there is no point in asking people to do something that is impossible. It issued advice for those suffering from heart or lung disease (including asthma) “who should be aware that their symptoms may worsen. The Department of the Environment said yesterday for the first time that owners of cars not fitted with catalytic converters – nearly all those which are more than three years old – should not drive at all.

Even owners of new cars fitted with the converters, roughly 6m out of a total of 25m, are urged not use their cars for journeys of less than a mile and a half, effectively ruling out weekend shopping trips.
Government pollution forecasters said ozone smog would cover much of Britain this weekend, due to a combination of still air, intense sunshine and pollution from traffic, power stations and industry.The warning passed almost unnoticed yesterday as environment minister James Clappison announced 13 new air quality monitoring sites, which will join the Department of Environment’s national air quality monitoring network by the end of July.The DoE said most people would experience no ill effects. Then me and Gazza will go back to being pals.” And, he hopes, to being on the winning side, thanks to a last-minute change of identity and a broken lace.Sport, pages 27, 28. If I came good later they could claim me as theirs.”Desperate, he drifted off behind the goal, warming up The bench screamed He pretended not to hear. Bobby Mimms, another substitute, was dispatched to bring him back to the dug-out.There he snapped a tie-up, lost a shin-pad. “They were saying: `Quick, let’s get you on’ and I edged to the touchline Just then the ref blew for time. I breathed a massive sigh of relief.”McCall rose to play for Glasgow Rangers, where he is currently the team mate of Paul Gascoigne.