Paris Saint Germain’s summer transfer activity came to an end in (Seine)sational style!The facts speak for themselves:The two largest football transfer fees in history – £366M combined spending on Neymar da Silva Santos Junior and Kylian Mbappe;Combined wages of a reported £700k/week (both on 5 year contracts).The signings of Neymar and Mbappe are an extraordinary statement for a club competing in Ligue 1; a league not considered to be the wealthiest of leagues comparative to its leading European competitors (Premier League, Bundesliga, La Liga, and Serie A).This highlights the resources available to PSG’s Qatari owners and the expenditure that they are prepared to incur to put PSG at the head of European club football’s top table. PSG are owned by Oryx Qatar Sports Investments, an arm of Qatar’s sovereign wealth fund with access to £194 billion. And the financial juggernaut shows no signs of easing up as recent reports suggest that … [Read more...] about UEFA’s Financial Fair Play Regulations: Neymar, Mbappe and PSG’s transfer policy – “Financial Doping” or Market Forces?
Identifying attractive forces
Corrected: Two years ago, the International Bar Association agreed to convene its 2011 annual gathering in Dubai, a key vote of confidence for the Persian Gulf city-state, even as its economy was teetering toward insolvency.But the meeting, which took place in October and usually draws 5,000 lawyers from across the globe, was nearly canceled five weeks before its start after Dubai security officials objected to the titles of seven panel discussions that they said could threaten political stability in the United Arab Emirates and the broader Gulf region.Mark Ellis, executive director of the London-based IBA, says he had to make an emergency trip to Dubai to address the concerns of local security officials, who said the conference discussions could be “a possible catalyst for individuals to act against the government.”According to Ellis, security officials in Dubai objected to panel discussions on topics including the death penalty, migrant workers and human rights. … [Read more...] about Daunting Dubai: Security Officials Nearly Force Cancellation of IBA Annual Meeting
Editor’s Note: In a remarkable speech at the National Defense University in May, President Barack Obama signaled an end to the war on terrorism; maybe not an end, it turns out, but a winding down of the costly deployments, the wholesale use of drone warfare, and even the very rhetoric of war. Click here to read the full editor’s note.Are cops constitutional?In a 2001 article for the Seton Hall Constitutional Law Journal, the legal scholar and civil liberties activist Roger Roots posed just that question. Roots, a fairly radical libertarian, believes that the U.S. Constitution doesn’t allow for police as they exist today. At the very least, he argues, police departments, powers and practices today violate the document’s spirit and intent. “Under the criminal justice model known to the framers, professional police officers were unknown,” Roots writes.Civil liberties activists say our nation’s police forces have become too militaristic—like … [Read more...] about How did America’s police become a military force on the streets?
After a period of significant growth from 2009 to 2014, the Chinese art market has experienced a drastic decline in the first half of 2015 with reports that the fine art auction turnover contracted at 30% less than the 2014 period. Interestingly, Ai Weiwei, one of China’s most well-known and most controversial contemporary artists, has not been affected by this turn in the market. The divergence between the general downward trend in the Chinese art market and the increasing value of Ai Weiwei’s work illustrates how politics in China continues to have a substantial impact on the trajectory of the market and the artists in seemingly contradictory ways.One of the major factors responsible for the falling prices of Chinese art is Beijing’s anti-corruption campaign. The art market in China has been reported as facilitating bribery schemes, colloquially known as “elegant bribery”. For example, auctioning artwork is used by bribe offerors to influence public … [Read more...] about Politics – The Invisible Force Behind China Artist and Art Market
A new obligation has been introduced requiring large commercial organisations operating in the United Kingdom to publish a “slavery and human trafficking statement” at the end of each financial year.The requirement extends to all commercial organisations in any part of a group structure (wherever incorporated, and whether a company or a partnership) that carry on a business, or part of a business, supplying goods or services in any sector in the United Kingdom and have annual turnover of at least £36 million. This includes the turnover of any subsidiary undertakings, regardless of where those subsidiaries are based or operate.The first organisations that need to comply will be those with a financial year ending on or after 31 March 2016. The UK Government expects affected organisations to publish the necessary statement within six months after the end of the relevant financial year.The UK Government has produced a practical guidance document, Transparency in Supply … [Read more...] about Forced Labour and Human Trafficking in the UK: New Obligation to Publish Annual Statement