Tuesday, July 9, 2013

Breaking News: Miliband details union link reforms

Ed Miliband has set out a series of reforms designed to reshape Labour's relationship with the trade unions and end the "machine politics" behind the alleged ballot-rigging controversy in Falkirk.

In changes which could provoke a major clash with the union bosses who bankroll his party, Mr Miliband said he would reform the system of affiliating union members to Labour, introduce a code of conduct for would-be election candidates and introduce open primary elections for Labour's next candidate for London Mayor.

But he also laid down a challenge to the other parties, announcing that a Labour government would impose a limit on MPs' earnings from second jobs.

And he called for the reopening of stalled talks on the funding of political parties, repeating his offer to cap donations from individuals, businesses and trade unions.

Source: http://www.hamiltonadvertiser.co.uk/news/breaking-news/2013/07/09/miliband-details-union-link-reforms-51525-33587426/

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Guam and Palau Wrap Up: Another Successful Field Course Comes to an End

Student scientific divers-in-training conducting underwater surveys off Catalina Island with transect tape and dive slates. Image: David Ginsburg

Student scientific divers-in-training conducting underwater surveys off Catalina Island with transect tape and dive slates. Image: David Ginsburg

Recently, the 2013 Guam and Palau course came to a close. This is the fourth year that my co-instructor Jim Haw and I have run the program, which was offered for the first time in 2010. Since then, we have accompanied nearly 100 undergraduate students to Micronesia to investigate marine and coastal ecosystems (see link for details). This year?s cohort (26 students total) was our largest, and, arguably, one of the most accomplished (GPA ? 3.7) groups that we have worked with.

While traveling for three weeks to tropical and exotic locations with a group of fantastically bright and motivated undergraduate scientific divers-in-training is not always a guarantee of a successful field course, it certainly is an incentive. Similarly, the academic content and educational experience offered to students cannot be overlooked, and the Guam and Palau program is no exception.

Three essential educational approaches for the 2013 course included: 1) reflective writing, 2) situated learning in the field, and 3) teaching with technology. For several years running, we have had the opportunity to share the first two of these educational approaches with the Scientific American community in the form of student-driven blogs (a feat wholly attributed to Blog Editor Bora Zivkovic who gave us a lot of latitude on content this year ? thank you!). The ?teaching with technology? component, however, is a new addition to the program in which we?ve geared up with iPads and GoPro cameras so our students can record, analyze, share, and interpret scientific data collected in the field. An outstanding example of this is a video blog by three participants (Justin Pearce, Lauren Stoneburner and Richelle Tanner) from this year?s course.

Volunteer dive instructor Tom Carr administering ear drops to Guam and Palau student scientific divers-in-training during our stay on Catalina Island. Image: Katie Lee

Volunteer dive instructor Tom Carr administering ear drops to Guam and Palau student scientific divers-in-training during our stay on Catalina Island. Image: Katie Lee

As described in Justin, Lauren, and Richelle?s video blog, the first leg of the 2013 Guam and Palau course started at the USC Wrigley Marine Science Center on Catalina Island. Each of the 26 student scientific divers-in-training spent an intensive week reviewing and practicing their in-water dive skills, which included advanced navigation techniques, as well as underwater survey and data collection methods. The students also were required to attend a series of daily lectures, which provided an overview of the course objectives, and a crash course in coral reef ecology, natural resource management, and marine governance.

During intensive periods of diving activity (diving multiple days in a row), the propensity for ear and sinus related maladies skyrockets. This year?s course was no exception as our ever-trusty volunteer dive instructor Tom Carr (whose day job includes time spent as a Reserve Deputy Sheriff and USC Hyperbaric Chamber Supervisor) was required to make the one-hour, windy, dusty drive to the Catalina Medical Center in Avalon with sick students at least once. With a little TLC and antibiotics all recovered just fine, though some were unable to dive for the duration of the trip.

The elephant ear sponge Ianthella basta is a common site along Western Shoals, which is located in Guam?s Apra Harbor. Although found in other regions of the Pacific, Ianthella is not known from any other location in Micronesia. Image: David Ginsburg

The elephant ear sponge Ianthella basta is a common site along Western Shoals, which is located in Guam?s Apra Harbor. Although found in other regions of the Pacific, Ianthella is not known from any other location in Micronesia. Image: David Ginsburg

Arriving on Guam, there was a palpable excitement in the air. From the instructors? standpoint, we were pleased to find all of our luggage and dive gear present and accounted for (nearly 60 pieces of baggage in total), whereas the students were just plain excited to be standing on a genuine tropical island (a US Territory, no less) on the other side of the world. For most of the kids, this was the furthest distance they had ever traveled from home, and for some, it was the first time they had ever left the US mainland. Course objectives on Guam included examining the impacts of overfishing and invasive species, conservation management, as well as the ominous military buildup (especially amongst the extensive coral reef habitats within Apra Harbor: see link for Apra Harbor video blog).

Our first full day on Guam started with an old friend and colleague Brent Tibbatts and his colleagues at the Guam Division of Wildlife and Aquatic Resources in Mangilao. Brent and the GDWAR staff provided our students the opportunity to interact with critically endangered birds (e.g., Guam Rail and Micronesian Kingfisher), mammals (e.g., Micronesian Fruit Bat), and handle a juvenile Brown Tree Snake, an invasive and mildly venomous viper.

Guam and Palau students Michael Young (L) handling an invasive juvenile brown tree snake and Caitlin Martin (R) holding an endemic Guam rail at the Division of Wildlife and Aquatic Resources headquarters on Guam. Images: Tom Carr

Guam and Palau students Michael Young (L) handling an invasive juvenile brown tree snake and Caitlin Martin (R) holding an endemic Guam rail at the Division of Wildlife and Aquatic Resources headquarters on Guam. Images: Tom Carr

It should be noted that students went from holding one of the world?s rarest birds (i.e., endemic Guam rail) to handling the very animal (i.e., invasive brown tree snake) responsible for their demise. Later in the week, Brent took us on a tour of the Masso Reservoir located in the Asan-Piti Watershed where the students learned first-hand about the interplay between terrestrial and coastal resources and the importance of ?ridge-to-reef? management.

After four days on Guam, we boarded a plane and made our way to Palau where we arrived just in time to eat a late dinner. If the students were excited to arrive on Guam, they were beyond ecstatic to make it to Palau, as I had been telling them for months about how the diving in this region is amongst the best in the world.

Guam and Palau scientific divers-in-training conducting belt-transect fish surveys on Ngederrak Reef post Typhoon Bopha. Image: David Ginsburg

Guam and Palau scientific divers-in-training conducting belt-transect fish surveys on Ngederrak Reef post Typhoon Bopha. Image: David Ginsburg

One of our primary objectives for this part of the course was to provide course participants with hands-on research experiences involving marine ecology, natural resource management, and policy issues. Faculty and students assisted Koror State Conservation and Law Enforcement officials and the Coral Reef Research Foundation in their ongoing efforts to monitor and survey the ecosystem health of Ngederrak Reef (a highly restricted marine protected area) and other reef sites within the recently established UNESCO Rock Islands Southern Lagoon World Heritage site.

This is a tremendous opportunity for our students who have benefited from working in real-time with local resource managers and scientists in the field. It should be noted that the Koror State Governor?s office and Conservation and Law Enforcement staff went above and beyond to host our group both on land and in the water.

Michele Felberg (L) and Nate Kinsey (R) monitoring Typhoon-ravaged reef located near Ngerchong Island, which is one of the Rock Islands between Koror and Peleliu. Image: David Ginsburg

Michele Felberg (L) and Nate Kinsey (R) monitoring Typhoon-ravaged reef located near Ngerchong Island, which is one of the Rock Islands between Koror and Peleliu. Image: David Ginsburg

This year?s Palau component of the course was by far one of our most productive and successful learning and research experiences in course history.?Environmental survey data collected on this recent excursion (combined with 2011 and 2012 baseline surveys) will be instrumental in evaluating the recovery of coral reef resources damaged by Typhoon Bopha.

We hope to continue to assist Koror State in the coming months in the monitoring of physical and biological parameters at each of our study locations. In Summer 2014, we propose adding a ?service learning? component to the course in which USC students (in conjunction with Koror State Officials) visit local elementary and secondary schools to discuss marine biology related themes, and Palau?s role as a global leader in marine conservation and sustainability.

By the time we finished our underwater field surveys, the students had clearly earned a ?fun? dive or two. Our final dives in Palau included two of my favorite dive locations: Blue Corner and Ulong Channel. Blue Corner features a wedge-shaped reef with vertical wall drop-offs on either edge. The contour ensures an active upwelling on the leading edge relative to any prevailing current, which draws high densities of bumphead parrotfishes, napoleon wrasses, and other reef fishes, as well as a wide diversity of reef sharks. Take my word, there is a reason why Blue Corner is consistently listed as one of the top dive sites in the world; it is a show stopping experience every time! Not to be outdone, Ulong Channel, a world-class drift dive, is equally impressive. As my co-instructor Jim Haw described the experience, ?divers are swept through the channel like aircraft flying up a canyon.?

Close encounter with a Manta Ray in German Channel. Image: David Ginsburg

Close encounter with a Manta Ray in German Channel. Image: David Ginsburg

At this time of the year, Ulong is notorious for it?s spawning aggregations of grouper, nesting triggerfish, and the ever present white tip and gray reef sharks that congregate in the mouth of the channel. Perhaps one our best highlights underwater was on our final dive in German Channel (another world-class dive spot) where we spent much of the dive with three very inquisitive Manta Rays!? Special thanks to Sam?s Dive Tours for their patience and support of our in-water diving activities boat needs.

Student divers showing off the USC flag in Ulong Channel. Image: David Ginsburg

Student divers showing off the USC flag in Ulong Channel. Image: David Ginsburg

In summary, this year?s course was a great success. By all accounts, it exceeded expectations (which were already high) on all fronts. Students gained valuable experience working hands-on in the field with local scientists and resource managers. Students often incorporate knowledge better and understand topics more fully by actively being engaged in an activity rather than only reading or writing about a concept. By engaging with local stakeholders involved in integrated ecosystem and conservation management, including fishermen, residents, tourism operators, park rangers, and government policy makers, students gain a better appreciation for the socio-political complexities involved in policy enforcement, and long-term monitoring and evaluation.

Previously in this series:

The 2013 Guam and Palau Expedition Begins
A New Faculty Member on the Team
An Analysis of Sargassum Horneri Ecosystem Impact
Marine Protected Areas and Catalina Island: Conserve, Maintain and Enrich
Northern Elephant Seals: Increasing Population, Decreasing Biodiversity
The Relationship Between the Economy and Tourism on Catalina Island
Guam and Palau 2013: New Recruits and New Experiences
Bringing War to the ?Island of Peace? ? The Fight for the Preservation of Jeju-do
Dreading the Dredging: Military Buildup on Guam and Implications for Marine Biodiversity in Apra Harbor
Is the Commonwealth of the Northern Mariana Islands Doing Enough?
The Status of Fisheries in China: How deep will we have to dive to find the truth?
The Philippines and Spratly Islands: A Losing Battle
The Effects of Climate Change on Coral Reef Health
The Senkaku/Diaoyu Island Dispute in the East China Sea
The UNESCO World Heritage Site Selection Process
Before and After the Storm: The Impacts of Typhoon Bopha on Palauan Reefs
An interconnected environment and economy- Shark tourism in Palau
A Persistent Case of Diabetes Mellitus in Guam
Homo Denisova and Homo Floresiensis in Asia and the South Pacific
Investigating the Effectiveness of Marine Protected Areas in Mexico Using Actam Chuleb as a Primary Example
Okinawa and the U.S. military, post 1945
Offshore Energy Acquisition in the Western Pacific: The Decline of the World?s Most Abundant Fisheries
Military Buildup?s Environmental Takedown
Challenges Facing Japan?s Marine Fisheries
Hyperbaric Oxygen: A Spectrum of Emerging Treatments
The Historical Collapse of Southern California Fisheries and the Rocky Future of Seafood
Southern California and Endangered Abalone Populations

Source: http://rss.sciam.com/~r/sciam/basic-science/~3/fef5lMR3bEo/post.cfm

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nedhepburn: Review: Jay-Z ?Magna Carta Holy Grail" ?Tom Ford?...

?Tom Ford? attempts to make the menswear designer into a chorus? and it doesn?t work in the slightest. Whereas I think ?Yeezus? was made by Kanye for Kanye, ?Magna Carta Holy Grail? was made to impress. What are you more likely to yell with a raised fist at a concert? ?New Slaves? or ?Tom Ford?? One is an artistic statement about race in America, the other a corporate statement about a fashion designer.

Even if Kanye is less likable, at least he?s making art for himself first. Jay seems to be making art for everybody else and forgetting what makes it click for him. The result is an album about as personal and interesting as a corporate Powerpoint presentation.

Source: http://deathandtaxesmag.tumblr.com/post/54945276252

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Monday, July 8, 2013

Marc Chagall Birthday: Celebrating The Dreamy Work Of An Expressionist Great (PHOTOS)

In honor of Marc Chagall's birthday, we are revisiting a post originally published last year honoring the artist's life and work.

Today marks the birthday of one of the art world's most beloved Marcs -- Marc Chagall. The painter reached the hearts and imaginations of people worldwide with his expressive paintings that simultaneously harnessed the spirit of the avant-garde and the warmth of tradition. As Michael Kimmelman wrote in The New York Times: "the young Chagall had one foot in the modern world, his other in the shtetl." The talented soul would turn 126 if he were still with us today.

Chagall was born in the then-Russian neighborhood of Liozna (present day Belarus). As the oldest of nine children, Chagall grew up in a tight-knit Hasidic Jewish family where tradition played a heavy role. The mystical nature of Hasidic Judaism is evident in Chagall's imagery all throughout his life. Starry night skies, dancing ghosts and skywalking fiddlers populate Chagall's mythology, somewhere between religion and surrealism. Thus he was beloved by both, seemingly disparate, populations. He was a storyteller, dreamer and colorist that many different audiences could believe in.

marc chagall
People look at "Le nu au-dessus de Vitebsk" (The nude over Vitebsk) from 1933 by Russian-French painter Marc Chagall on October 12, 2012 at the Art and Industry museum "La Piscine" in Roubaix, northern France. (PHILIPPE HUGUEN/AFP/Getty Images)


In 1908 Chagall moved to St. Petersburg to begin his artistic career. There he was inspired by the work of Paul Gauguin and the thrill of contemporary theater. He completed an apprenticeship and began to cultivate a naturalist style until he met his wife, Bella Rosenfeld. In his autobiography "My Life," Chagall described his first encounter with Bella: "Her silence is mine, her eyes mine. It is as if she knows everything about my childhood, my present, my future, as if she can see right through me." His passion for not only her beauty but her strength is visible in his portraits of her.

Next Chagall moved to Paris where his days were spent studying the masters at the Louvre and exchanging ideas with budding artists like Guillaume Apollinaire and Fernand L?ger. Chagall's familiar subject matter of his childhood neighborhood and childlike imagination was translated into the current modes of Fauvism, Cubism and Expressionism.

When the Nazi party rose to power, Chagall escaped to America where he lived in New York's Lower East Side. His traditional tongue was foreign to the current American scene, until Henri Matisse's son became his manager. It wasn't long before Chagall's poetry was understandable to the American audience, even before his native tongue was.

Chagall's dynamic career included theater sets, stained glass, Biblical interpretations and so much more. Yet he remained devoted to his Jewish roots, folkloric style and divine talent for color. His images from his long and full life (1887-1985) depict the world's transition from ancient to modern like the most beautiful epic poem.

We are thinking of you today, Mr. Chagall. Thank you for your poetry!

  • "Les trois acrobates" by Marc Chagall is on display during a preview of Christie's Impressionist and Modern Art sales in New York, May 3, 2013. (EMMANUEL DUNAND/AFP/Getty Images)

  • A woman looks at "The dance" (1950) painting by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • A man takes a picture of the painting "Vava" from 1955 by Russian-French painter Marc Chagall on October 12, 2012 at the Art and Industry museum "La Piscine" in Roubaix, northern France. The painting is part of the exhibition "Marc Chagall: L'?paisseur des r?ves" (the thickness of dreams). (PHILIPPE HUGUEN/AFP/Getty Images)

  • A woman looks at painting by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • People visit "The Origins of the Master's Creative Language" exhibition of Marc Chagall`s works at the Tretyakov Gallery in Moscow, on July 10, 2012. The exhibition marks the 125th anniversary of Chagall`s birth. (ALEXANDER NEMENOV/AFP/GettyImages)

  • A woman looks at "The war" (1943) painting by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • A woman looks at works by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • A woman looks at painting by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • Visitors walks next to "Double portrait au verre de vin", a painting by Marc Chagall as part of the exhibition "Marc Chagall, the Thickness of Dreams" in Roubaix, northern France, Friday, Oct 12, 2012. This exhibition has been organised by the Musee "La Piscine" and the Dallas Museum of Art, and takes place from Oct 13, 2012 to Jan 13, 2013. (AP Photo/Michel Spingler)

  • A woman looks at painting by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • A woman looks at "Exodus" (1952-1966) painting by Russian-born and naturalized French painter Marc Chagall, during an exhibition entitled "Between war and peace", on February 20, 2013 at the Museum of Luxembourg in Paris. The event will be held from February 21 until July 21, 2013. (PIERRE VERDY/AFP/Getty Images)

  • A woman looks at a paper sculpture "Aleko scene II" by Russian-French painter Marc Chagall on October 12, 2012 at the Art and Industry museum "La Piscine" in Roubaix, northern France. The painting is part of the exhibition "Marc Chagall: L'?paisseur des r?ves" (the thickness of dreams). (PHILIPPE HUGUEN/AFP/GettyImages)

  • A woman passes by a plaster sculpture "La vierge ? l'enfant" (Madonna with child), 1952, by Russian-French painter Marc Chagall on October 12, 2012 at the Art and Industry museum "La Piscine" in Roubaix, northern France. The scumpture is part of the exhibition "Marc Chagall: L'?paisseur des r?ves" (the thickness of dreams). (PHILIPPE HUGUEN/AFP/GettyImages)

  • People look at "Le nu au-dessus de Vitebsk" (The nude over Vitebsk) from 1933 by Russian-French painter Marc Chagall on October 12, 2012 at the Art and Industry museum "La Piscine" in Roubaix, northern France. The painting is part of the exhibition "Marc Chagall: L'?paisseur des r?ves" (the thickness of dreams). (PHILIPPE HUGUEN/AFP/Getty Images)

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Source: http://www.huffingtonpost.com/2013/07/06/marc-chagall-birthday_n_3541733.html

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Wednesday, July 3, 2013

Where Hipsters Eat, Visualized

Where Hipsters Eat, Visualized

You probably turn to Yelp to look for single, stand-out restaurants and businesses. But there's a lot of data inside all those reviews, which can make for fascinating analysis?letting you spot trends across geographic locations.

This map, for instance, shows where the word "hipster" crops up across NYC reviews?and hey, look, Williamsburg wins out! But over on Yelp's Word Map site you can filter by everything from "bacon", though "kosher", to "romantic". Aw.

As well as being fun?and confirming stereotypes?it's actually kinda handy. Filter by "cheap", say, and you can work out where to head if you're in need of some budget eating. The service is currently up and running for 16 countries, mainly across the US. Go check it out. [Yelp via Waxy via Flowing Data]

Source: http://gizmodo.com/common-words-in-yelp-reviews-visualized-643878969

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Sphero is Amazon's Deal of the Day, on sale for $84.99

Sphero

You all know Sphero, the robotic ball that is controlled via your Android phone. If you've been curious about one of these but were hesitant about the price tag, you can get it discounted today for $84.99, marked down from $129.99, as it's Amazon's Deal of the Day.

As mentioned above, Sphero is a ball that is controlled with your mobile device, Android or iOS. There are many apps that you can download from Google Play to allow you to control your Sphero in a different way or play games.

At a price of $129, many were hesitant to commit to the purchase. A $50 discount is attractive and will likely lure many more to try the robotic ball. How about you guys, at this price, are you more likely to buy a Sphero?

Source: Amazon

    


Source: http://feedproxy.google.com/~r/androidcentral/~3/FO4FGF--teA/story01.htm

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Top banker takes on City watchdog to clear name of market abuse

By Clara Ferreira-Marques and Clare Hutchison

LONDON (Reuters) - One of London's most prominent bankers begins a battle this week to overturn a 2012 fine for market abuse, in a high-profile case likely to test Britain's newly beefed-up regulator.

Ian Hannam was famous in financial circles as a so-called rainmaker at JP Morgan - his presence alone enough to bring in clients, money and respect. But the former soldier, known for his bulging contacts book and knack for a new idea, fell foul of the City watchdog last year and was hit by a fine of 450,000 pounds.

With the appeal process that begins this week, Hannam will seek to overturn that fine - one of the biggest ever levied against an individual in Britain - and more importantly restore his reputation in what is a major test for him, JP Morgan and for Britain's financial regulator, recently reformed and given more teeth as the Financial Conduct Authority (FCA).

Hannam was accused in 2012 by the then Financial Services Authority of sending two emails in 2008 on behalf of a client, Heritage Oil, which included what the regulator considered "inside" or market-moving information.

His appeal will test the regulator's tactic of targeting high-profile individuals to fight market abuse, following the strategy of U.S. watchdogs. It will also fuel debate over what should - and can - count as inside information.

"The (FCA) put a serious marker down and if it is overturned on appeal to the tribunal, where does that leave them in terms of their ability to put such a marker down and influence senior manager behaviour?" said Harvey Knight, partner at Withers Worldwide, a former lawyer at the FSA.

No one traded on the information in Hannam's emails and his honesty and integrity were not questioned by the regulator, who also, critically, did not remove his "fit and proper" status.

Yet Hannam resigned from JP Morgan in April last year to clear his name, leaving his position as global chairman of equity capital markets (ECM) after two decades at the firm.

The appeal is still likely to be uncomfortable for the bank, raising questions over compliance at the institution for whom Hannam and his team generated significant revenues.

JP Morgan declined to comment for this article, as did spokesmen for Hannam and for the FCA.

EMAILS 'SOUGHT LEVERAGE'

Hannam, expected to take the stand on Wednesday and Thursday, is a colourful character in the City. He played a major role in the tie-up of British blueblood bank Cazenove, known for its aristocratic clients, with U.S. rival JP Morgan, and has been a determined adviser for the latter - bringing an international flavour to the London market along the way.

Hannam and his team floated six companies in the FTSE 100 index, bringing to London resources groups from Kazakh copper miner Kazakhmys to India's Vedanta and Essar. He was banker to Swiss miner Xstrata from its creation to its takeover by commodities trader Glencore in a record-breaking deal that closed in May.

The case against him rests on two messages he sent while acting on behalf of Jersey-based oil and gas exploration company Heritage Oil, which hired JP Morgan in 2007 in order to secure a "substantial" deal. Seeking a slice of the growing market in Iraqi Kurdistan, Heritage began talks in 2008 with another oil firm, Genel Energy, that was based there.

Hannam, working with Heritage chief executive Tony Buckingham, sent two emails in September and October 2008 to the Kurdish oil minister Ashti Hawrami. The first did not mention Genel by name but referred to a potential offer for Heritage and a price. The second email mentioned an oil find. Both, said the FSA, were potentially market moving.

Hannam's defence is that he was acting in his client's interests: Kurdistan had been considering its own deal with Buckingham, and Hannam had hoped to leverage a better deal.

Hannam said the September email was too general to constitute inside information. The second, though again too general and information on the oil find too preliminary, was a mistake, he said.

Rebuilding his reputation and clearing his name is critical for Hannam, who is building up a gold venture in Afghanistan and an advisory firm Strand Partners, which includes some of the JP Morgan team that were among the most influential in the sector.

Not all Hannam's deals have been successes. Among the most problematic was Bumi Plc, the company that emerged from the merger of financier Nat Rothschild's Vallar vehicle and Indonesian coal assets controlled by the Bakrie family. It has struggled to overcome bitter boardroom battles, a probe into financial irregularities and the tumbling price of coal.

(Writing by Clara Ferreira-Marques; Editing by Sophie Walker)

Source: http://news.yahoo.com/top-banker-takes-city-watchdog-clear-name-market-143824604.html

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