Michael Arndt is a man of matchsticks. Over the course of six years, using 956,000 matchsticks, 1686 tubes of glue, and at least three different varieties of mustache, he built a full-scale replica of a McLaren 4/14 F1 car, at a cost of around 6000 Euros ($8,725). The giant model takes up Arndt’s entire kitchen and probably his social life. It can be broken down into 45 parts for easy transport to various matchstick-builders conventions.
Take the opportunity to try out these ridiculously unique dining experiences at some of the world’s most bizarre themed restaurants, at least once in your life time.
Toilet
Toilet-themed restaurants are nothing new in China. Customers sit on “toilet seat chairs” and meals are served in ceramic toilet miniatures and bowls. Instead of serviette or napkins, customers wipe their hands and mouths using toilet paper. The restaurant is also decorated with various shaped urinals and toilet seats on the wall. Sounds fun!
Hospital
Aurum is a newly opened hospital-themed restaurant in Clark Quay, Singapore. As you enter the Aurum, the restaurant’s reception resembles a morgue. The lightings remind you of the ones in the operating theater. Customers sit on golden wheelchairs and the meals are served on the operating tables. The cutleries used for the meal include syringes.
Just next to Aurum, there is a bar called Clinic which lives up to its name. Customers are served by waitresses in nurse outfits and may enjoy alcoholic beverages sipped from mock drip packets.
Pet-Friendly
In 2005, Dorothy Moore opened The Dining Dog Café in Edmonds, WA, USA, a pet-friendly restaurant for dogs and their owners. It is one of the few restaurants in the US which accommodates pets as well as their pet-loving owners. The menu includes Doggie Cocktails, Appetizers and Dessert Tray.
Condom
The Cabbage and Condom is a popular condom-themed restaurant in Thailand that promotes safe sex and family planning. The menu consists of mostly condom-themed dishes, for example “condom salad” and the after meal mint which is normally distributed after each meal is replaced with a packet of condoms. Many types of condoms with various colors and textures from all over the world are displayed on the wall of the restaurant and the collections make very interesting decorations.
Bed
Duvet, a restaurant in New York city features 30 customized, designer dining beds as the “seats” with tables, catered for extra comfort. Customers are also offered to wear customized bedroom slippers when they enter the restaurant. Duvet serves fusion American cuisine and a vast range of alcoholic beverages, suitable for private parties.
Rude Service
If you like to experience rude service, (maybe once a while), you can go to Dick’s Last Resort in Chicago, USA. This is the place where you can not only enjoy a wide range of choices on the menu, but also have lots of fun from watching the waiters who will inflict rude jokes and humor upon the customers (including you).
Prison
The Jail is a prison-themed restaurant in Taiwan. The layout is just like any other prison with sliding iron bars and metallic aluminum floors with waitresses dressed as sexy wardens. Customers will be given the option to be handcuffed and taken to their own prison cell with a dining table and comfortable seats. This is where patrons can enjoy good food and soothing music.
Anger Release
If you are under stress and need an alternative punch bag, you can visit Rising Sun Anger Release Bar in Nanjing, China. This is a place where customers can release their anger caused by stress and problems in daily life. They are allowed to throw and smash the plates and glasses and even hit the waiters who have been given special training for the job.
Body Platter
Hadaka Sushi, a sushi restaurant in Los Angeles, USA, introduces the sensual concept of “Nyotaimori” which basically means a female body as the food platter. Usually the woman chosen for the task is a beautiful model who will then lay down as still as possible on a serving table. Most parts of her body will be covered with banana leaves where clusters of sushi will be placed on them.
Dark
For those who would like to experience dining in total darkness, you can visit Nocti Vagus Dark Restaurant in Berlin, Germany. The well-trained waiters who will serve you are blind. Customers will be entertained with special cultural programs which are presented as well in total darkness.
Activision Publishing on Thursday announced news that’s music to the ears of its Guitar Hero franchise fans. The company will release three new Guitar Hero titles this fall. DJ Hero, Guitar Hero 5, and Band Hero are nearly ready for release.
With its new lineup, Activision is targeting existing fans and millions of consumers who haven’t jumped on the Guitar Hero bandwagon. With the new titles, Activision is making some big promises to hard-core gamers and newbies alike.
Guitar Hero Gets Diverse
The video-game company said the trio of music-based games aim to redefine the company’s smash music-gaming platform. Activision also said the slate of new offerings will transform the way consumers enjoy and engage with music by offering a broad variety of music genres, innovative technologies, and new social entertainment experiences.
“Guitar Hero has made music social again and has become one of the most popular ways to experience music,” said Dan Rosensweig, president and CEO of the Guitar Hero franchise. “Today’s fans enjoy a variety of music and are looking for more ways to engage with their favorite songs, artists and fellow fans. These games will let them listen, participate and socialize with music in ways they have never been able to before.”
Activision’s DJ Hero title expands Guitar Hero’s signature social gaming to all-new consumers with the addition of diverse music genres, including hip-hop, R&B, Motown, electronica and dance. With DJ Hero, Activision is introducing a new turntable controller the company said will transform players into DJs who rule the club scene. Players will create original mixes of popular songs and music from the world’s most exciting artists and DJs.
Rock-Star Fantasies
Guitar Hero 5 picks up where the last version of the smash hit left off. Fans can continue to fulfill their rock-star fantasies with some of the hottest…
In celebration of this week’s bank stress tests, which promise that no bank will fail, we’ve decided to release a list of 25 banks that did kick the bucket. Here they are, in rough order of failure size:
New Frontier Bank
Greeley, CO-based New Frontier’s failure wasn’t the largest in history, but it’s the largest in 2009—so far. The FDIC estimates it will be on the hook for close to $670 million dollars for this little failure, which had $2.5 billion in assets and $1.5 billion in deposits. New Frontier was one of 23 banks to close in April 2009.
The Bank of Credit and Commerce International
BCCI, founded in Karachi, Pakistan in 1972, failed in July 1991 because of widespread fraud. Once the 7th largest private bank in the world and holding over $20 billion USD in assets, regulators who investigated the firm found that it had “deliberately setup operations to avoid detection to commit fraud on a wide scale.” Lawsuits were filed against everyone from the bank’s auditors to a major shareholder from Abu Dhabi. It would become known as the $20 billion dollar heist.
Integrity Bank, Georgia
Alpharetta, GA-based Integrity Bank, which failed last fall, touted their strong “faith-based culture.” The FDIC estimates the bank lost up to $350 million on $1.1 billion of assets, putting receivership losses at a whopping 35%. That may be the highest loss percentage in the last 30 years—and a true test of faith, especially for the individual who owned roughly 25% of the bank’s assets.
Herstatt Bank, Germany
Herstatt Bank has a special place in bank failure lore, triggering a debacle that resulted in a new international regulation.
German regulators seized the ailing Herstatt and forced it to liquidate on June 26, 1974. The same day, other banks had released Deutsch Mark payments to Herstatt, which was supposed to exchange those payments for US dollars that would then be sent to New York. Regulators seized the bank after it received its DM payments, but before the US dollars could be delivered. The time zone difference meant that the banks sending the money never received their US dollars.
This “Herstatt Debacle” led to a new continuous linked settlement (CLS) protocol, which enables foreign banks to trade currencies without a settlement risk if one party or the other fails in their obligation.
The Hokkaido Takushoku Bank, Ltd.
Possibly the most notable failure of the Asian financial crisis, “Hokutaku” went bankrupt in 1997, almost 100 years after its inception as a “special bank” to promote development on the island of Hokkaido. The bank specialized in long term, low-interest loans and debt insurance that would help grow specific sectors on the island, like fishing and agriculture.
In 1939, the government deregulated Hokutaku, allowing it to offer short-term financing and bank accounts. The bank grew and eventually became involved in risky real estate investments during Japan’s late-1980s real estate bubble. The rest, as they say, is history.
Southeast Bank of Miami
The FDIC seized the Southeast Bank of Miami, the second largest bank in Florida, in September 1991. A slump in the regional commercial real estate market, combined with 1980s S&L Crisis fallout, had left the bank reeling. The FDIC seized and sold the bank to Charlotte’s First Union Corp. on September 19, 1991.
Notably, the South Florida community was outraged at the takeover. Southeast had been their only hometown bank, as well as the biggest nonprofit donor in the region. Southeast was still within minimum capital standards when the FDIC flipped it in 1991, a fact emphasized by the record $200 million in profits the FDIC made in 1997 off former Southeast loans. Critics claim the feds shut down the bank too quickly, assuming its losses would become too expensive if they waited.
New York’s Bank of the United States
In December of 1931, New York’s Bank of the United States fell victim to “contagion,” when a string of unrelated banks fail for unrelated reasons. The bank’s name had something to do with it. Many New Yorkers felt that if the bank of the United States could fail, then any bank could fail.
At the time of the collapse, the bank had over $200 million in deposits, making it the largest single bank failure in the nation’s history…until the next one.
Franklin Square National Bank
Long Island’s Franklin National Bank has a story fit for Hollywood. Founded in 1926, the bank piloted now-standard features such as hiring high school students as tellers, building drive-up teller windows, and offering bank credit cards.
The bank’s integrity went out the window when shady financier Michele “The Shark” Sindona purchased a controlling stake. Sindona used Franklin to launder money and build a Mafia-linked banking empire in the United States. Within two years, currency speculation, bad loans, and fraud drove Franklin into a fire sale. The Feds sent several bankers to jail, Sindona’s banking empire collapsed, and a fascinating chain of Mafioso events eventually led to Sindona being murdered in his jail cell with a cyanide capsule.
Home Bank of Canada
Home Bank of Canada’s failure is a study in whistleblowers and cooking the books. The manager of the Winnipeg Branch, William Machaffie, told directors in 1914 that adding unpaid interest to a principal, calculating the interest as profit, then using it to pay dividends to major shareholders comprised “cooking the books.” The bank fired him for speaking up.
Nine years later, amidst an economic crisis, investors ran on the bank, and it closed. Canadian officials arrested ten Home Bank executives for fraud and “concurring with false returns,” a.k.a. cooking the books. According to Wikipedia, 60,000 prairie farmers permanently lost their savings after the bank’s collapse.
The Creditanstalt, Vienna
While the Great Depression may not have affected European banks as badly as those in the U.S., the Creditanstalt-Vienna is one notable example of a large healthy bank that failed. Founded by the Rothchild family in 1855, Creditanstalt became the largest bank in Austria-Hungary.
A poor economy and failure to deal with dwindling deposits forced it into bankruptcy in 1931. Its failure sent shockwaves through in Europe, causing bank failures in Germany, Hungary, Czechoslovakia, and Poland.
Bright Banc Savings Association
Once a Texas-sized giant with more than $5 billion in assets, Bright Banc was controlled by H.R. “Bum” Bright, former owner of the Dallas Cowboys. The government seized it in 1989 after loan losses and a plummeting oil market caused it to collapse. Federal regulators sold off pieces of the bank in one their largest “clean bank” procedures ever, successfully retaining troubled assets, then selling them to private bidders after they gain value.
Long-Term Credit Bank of Japan
LTCB was one of the top three banks in Japan responsible for postwar economic growth. In 1989 it was considered the 9th largest company in the world by asset value. Then Japan’s asset bubble burst, poisoning LTCB with more than $19.2 billion in bad debt. In 1998, the Japanese government nationalized LTCB, then restructured it as a commercial bank named Shinsei Bank.
Goldome
Even the cool name couldn’t help Goldome, New York State’s largest savings institution in 1991, find investors to keep its doors open. A combination of bad acquisitions and lack of funds made the company the 6th largest bank failure in history—at the time. Keycorp and First Empire picked up the pieces of the bank.
Silverado Savings and Loan
What good is running a bank if you can’t give yourself and your buddies a loan? Although he was never convicted of wrongdoing, Neil Bush, son of then Vice President George H.W. Bush, was forced to pay a $50,000 fine and banned from banking activities for his role in taking down Silverado, which cost taxpayers $1.3 billion. The US Office of Thrift Supervision determined that Neil Bush had engaged in numerous “breaches of his fiduciary duties involving multiple conflicts of interest” by giving himself and his business partners loans of over $200 million USD without notifying the Silverado Board.
Gibraltar Savings
In April 1989, the Federal Home Loan Bank Board and the Federal Deposit Insurance Corporation took control of Gibraltar Savings of Beverly Hills, Calif., and Gibraltar Savings F.A. of Bellevue, Wash. Even though they had more capital than is required by regulators, the Board said they had to take action, ”because Gibraltar was operating in an unsafe and unsound condition and had substantially dissipated their assets.”
Northern Rock
Northern Rock was a stable bank until the liquidity crisis of 2007. During the liquidity crisis of 200, Northern Rock could not acquire backing from institutional lenders, who themselves were reeling from the US subprime mortgage meltdown. The Tripartite Authority (The Bank of England, the FSA and HM Treasury) lent the bank 3 billion pounds on September 12, 2007.
After the news broke, Northern Trust’s stock fell 32%. Depositors ran on the bank. Unlike a classic bank run, which throws a bank into crisis, this one followed a crisis and compounded a preexisting liquidity problem. On February 17, 2008, the government nationalized Northern Rock.
Sachsen LB, Germany
In August of 2007, board members reported that even though Sachsen was involved in Irish and US mortgage markets, they were not exposed to sub-prime loans and held sufficient liquidity for the long term. Then, in September, worldwide markets crashed. Within the next three months, most of the board was fired or resigned. Inside consultants accused Sachsen LB of blatant accounting errors and no “visible action” to reduce risks.
On the 13th of December 2007, Sachsen LB was taken over by Landesbank Baden-Wuerttemberg (LBBW), with financial guarantees of roughly EUR2.75 billion by the state of Saxony.
Netbank
In September of 2007, NetBank was the largest US bank to fail since the S&L Crisis in the early 1990s. The Georgia-based bank, launched during the dot-com boom of the late 1990s, had $2.5 billion in assets and was known as the “Internet only” banking leader. Poor underwriting standards coupled, underperforming loans and subprime exposure led to Netbank’s meltdown.
MCorp
In March, 1989, MCorp was the 36th largest US bank and the second largest banking entity in Texas. Its heavy exposure to bad energy and real estate loans pushed it into insolvency. At the time of failure, MCorp had total assets of $18 billion. It cost the FDIC $2.8 billion to the resolve this bank.
Bank Of New England
The Bank of New England (BNE), along with its two sister banks, Maine National Bank and Connecticut Bank and Trust, failed on January 6, 1991. In a surprising move for the time, the FDIC decided to insure all deposits- even if they exceeded the $100,000 insurance limit.
BNE was the largest bank in the New England area. With its sister banks, it had assets totaling $21.8 billion and deposits totaling $19 billion. Bad loans and heavy ties with bond creditors BNE led to its downfall. A settlement provided $140 million to creditors.
American Savings And Loan
Stockton, CA-based American Savings and Loan reported losses of $107.5 million during the second quarter of 1984. Customers panicked and withdrew $6.8 billion from the bank. Vultures, including the Ford Motor Co., circled around the bank, looking to buy it. The Federal Home Loan Bank Board blocked Ford from buying the bank (anyone see a familiar pattern here?) and sold the bank to Texas billionaire Robert M. Bass. The FDIC contributed a total of $5.7 billion to the bank’s bailout—more than 10% of its deposit insurance fund at the time—making it one of the most expensive rescues of the Savings and Loan crisis.
First Republic of Texas
First Republic of Texas (not to be confused with San Francisco’s First Republic Bank, which is alive and well) was the largest bank to fail during the savings and loan crisis in the 1980s. First Republic of Texas is famous for the “electronic bank run” that led to its failure. In 1988, a sour Texas real estate market and a balance sheet full of nonperforming loans made investors lose faith in the bank. The majority of the bank’s depositors withdrew their money through wire transfers and ATMs.
The bank failed in 1988 with total assets of $33.4 billion. Its collapse cost the FDIC $3.9 billion, making it the most expensive bank failure in US history—at the time.
Continental Illinois National Bank And Trust
The concept of “too big to fail” started with Continental Illinois National Bank and Trust. In 1984, it was the 6th largest bank in the U.S., with nearly $40 billion in assets. The bank collapsed in 1984 due to losses stemming from recently acquired Penn Square Bank.
In response, the FDIC infused capital and bought preferred shares, basically nationalizing the bank. Continental’s huge number of assets, which included the largest commercial and industrial loan portfolio in the country, made it too big to fail. In addition to giving guarantees to depositors, the FDIC infused billions of dollars to recapitalize the bank.
WaMu
In September 2008, sparked by fears of the WaMu’s collapse, depositors withdrew roughly $16 billion dollars from the bank over a period of ten days. Washington Mutual, then the sixth-largest bank in the country, lost 10% of its total deposits during this slow motion bank run. The FDIC took receivership of the bank, then sold its subsidiaries to JP Morgan Chase for $1.9 billion. In the period of one month, WaMu went from the Wal-Mart of banking to one of the largest bank failures in history.
IndyMac
Los Angeles-based IndyMac used to be the largest loan originator in the country. Founded in 1995 as Countrywide Mortgage Investment, IndyMac fueled its aggressive growth through risky loan products like Alt-A mortgages, concentrating on inflated real estate markets like California and Florida, and relying heavily on borrowed funds, especially from the FHLB (Federal Home Loan Bank).
The U.S. woke up to the first and largest bank failure in recent memory on July 11, 2008, when the FDIC seized the bank’s assets (over $30 billion) and closed its doors.
TORONTO –- Asigra Inc., a leading Cloud backup and recovery software provider, today announced certification with Microsoft Windows Server 2008 Hyper-V. Asigra simplifies and automates backup and recovery for Windows Server 2008 Hyper-V customers, providing the benefits of highly efficient data protection without the need to install I/O, memory and management-intensive backup software on virtual machines targeted for protection.
As a certified Microsoft Virtualization solution partner, Asigra ensures customers who are upgrading or migrating to Windows Server 2008 Hyper-V will continue to enjoy the benefits virtualization brings without the performance, cost and management impact of traditional agent-based backup software solutions. The industry-recognized Asigra Cloud backup and recovery platform resolves major issues such as performance loss by installing only one client to backup the entire site, thus protecting both the physical and virtual environment without deploying any agents. Asigra Cloud backup and recovery also eliminates manual deployment, cumbersome software and information management, restricted cross-platform interoperability and security challenges prevalent in many alternative solutions.
“Customers are adopting Windows Server 2008 Hyper-V over alternative products because of greater value, familiar tools and broad ISV ecosystem that allows customers to make the best use of their server hardware investments,” said Eric Jewett, group manager, Windows Server division at Microsoft Corp. “Asigra’s backup and recovery solution is a great fit for virtualized environments that require agentless data protection.”
Asigra’s certification provides customers with confidence that the company’s backup and recovery platform will work smoothly and effectively in the Windows Server 2008 Hyper-V environment. For organizations intent on improving efficiency while reducing operational and capital expenses, Asigra provides a very complete solution. Advantages for customers of Microsoft Windows Server 2008 Hyper-V include:
• Unified enterprise-wide solution for broad protection of physical/virtual servers, workstations, desktops and laptops organization-wide without agent-based…
I bet you feel like you’re having a drink in a bar built by the Alien. And in a way, you kind of are, because this odd-looking establishment was designed by Hans Rudi Giger (HR Giger), who worked as a designer on the Alien movies, receiving multiple awards, including an OSCAR for best special effects. I must say Giger did great work on this museum-bar, you must feel like you’re somewhere in the Alien universe or inside the skeleton of a monster. In any case it’s very original and refreshing, I for one love it! Read the rest of this entry »