"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, December 06, 2008

SD Flash memory chip killed the Video tape

Sony has announced this week that it plans to close down its videotape manufacturing facility in the famous and ancient thermal Spa town of Dax, in the Landes region of France. The plant which has been in operation since opening in 1984 , will close by the end of March 2009.

The facility in Dax has 312 employees and produces approximately 8 million VHS video cassettes per month, they also manufactures 8mm and Betacam SP video cassettes in the Dax facility. The reason for the closure is given as the rise of disk- and chip-based recording technologies.

To add to their woes , the citizens watched the Guinness Premiership leaders London Irish smash Dax 38-0 at the Stade Maurice Boyau today , to celebrate three wins from three in Pool One of the European Challenge Cup - helped by a brace of tries each by famous Irish players Sailosi Tagicakibau and Alfredo Lalanne.

at 12/06/2008 12:12:00 pm

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