Audinghen
Atlantic Wall Museum
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Monday, February 28, 2011
What Arsenal manager Arsne Wenger is looking for from his players at the elite level
What Arsenal manager Ars Wenger is looking for from his players at the elite level
What Arsenal manager Arsène Wenger is looking for from his players at the elite level.
Mentally strong: Cesc Fabregas (No 4) celebrates with Jack Wilshere after Arsenal beat Barcelona in the Champions League last 16 first leg Photo: GETTY IMAGES
By Jeremy Wilson 12:19AM GMT 27 Feb 2011
Jeremy's Twitter
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What Wenger is looking for
Lucidity: The intelligence to analyse their own performance.
Will to win: Must be stronger than simply love of playing football.
Concentration: The capacity to remain focused even when tired.
Leadership: Both of themselves and others.
Desire: Able to push themselves through exhaustion or pain.
20 of the 117 statements that young Arsenal players answer to form their psychological profile
 If my adversaries knew my thoughts, they would be frightened.
At school, it was difficult for me to speak in front of the class.
I am a workaholic, until I am entirely satisfied with the result.
I don’t think one should cheat, even if it could make one win the match.
The severe criticisms of the coach tend to break me down.
Nothing is more important to me than to do a good job as a member of the team.
The night before a match it is difficult for me to fall asleep.
I am ready to hurt my adversary in order to win.
I have never accepted that supporters could insult the referee or the adversary when a decision is not in their favour.
I am sometimes afraid of not being good enough against really strong opponents.
When I am beside myself with anger, I quickly cool off.
I like football because competition enables me to know more about myself.
Even during training, I want to show I am better than the others.
Sometimes, when the moment has come to play a match for which I was prepared, I don’t feel like playing.
When spectators criticise me during a match, I lose confidence.
A footballer gets the most satisfaction from being a member of a team.
I know exactly what I am expected to do on the pitch before the match begins.
I only experience a feeling of success when I show my direct adversary that I am better than him.
I sometimes feel annoyed because of a recurrent thought which comes in my mind.
I have never made any criticisms behind my coach’s back.
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Sunday, February 27, 2011
Chelsea defender Ashley Cole shoots club intern with a pellet gun
Chelsea defender Ashley Cole shoots club intern with a pellet gun
Chelsea defender Ashley Cole accidentally shot a 21-year-old student with .22 air rifle, according to reports.
Image 1 of 3
Bad shot: Ashley Cole reacts after missing a penalty against Everton Photo: GETTTY IMAGES
Image 1 of 3
No comment: Chelsea have refused to comment on reports suggesting Cole accidentally shot a work placement student Photo: ACTION MIAGES
Image 1 of 3
Unaware: it was reported Cole did not know the rifle was loaded Photo: AP
By Telegraph staff 11:13AM GMT 27 Feb 2011
England defender Cole apparently turned up at Chelsea's Cobham training ground holding the weapon, complete with a muzzle and nightscope, and accidentally discharged the gun from a distance of 5ft.
Tom Cowan, a Loughborough University sports science student on a year's work placement with Chelsea was in the dressing room last Sunday when the incident happened.
Medical staff at the state-of-the art facility tended to Cowan's wounds and he was given two days leave to recover from the shock.
A dozen or so staff and, it is believed, a number of the first team squad, witnessed the drama.
"Tom was sent home with swabs, lots of pads, dressing and gauzes," a source told the News of the World. "But 48 hours later the wound was still weeping and needed further treatment."
On Wednesday, Cowan was called into a meeting with "deeply worried" Chelsea officials in order to discuss the incident.
The News of the World claims that Cole did not know the .22 air rifle was loaded when he fired at the 21 year-old.
"We never comment on internal matters," Chelsea said in response to the report.
This is the second time in less than two years that Cobham has been involved in controversy.
In December 2009, Chelsea captain John Terry was caught charging £10,000 in cash to secure behind-the-scenes tours for various individuals without manager Carlo Ancelotti's permission.
Terry later claimed the proceeds had been given to charity.
carlo ancelotti, tom cowan, loughborough university, ashley cole, telegraph staff, photo action, nightscope, internal matters, club intern, science student, air rifle, captain john, sports science, news of the world, cobham, art facility, university sports, john terry, dressing room, medical staff
People/Moon/Rock
People/Moon/Rock
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Saturday, February 26, 2011
Inky
Friday, February 25, 2011
Cold February Morning
Cold February Morning
Clear morning sky. I love the shades of blue. We missed two days of school, after getting numerous inches of snow dumped on us. The temperature also dropped into the upper teens last night freezing everything into a nice crispy crunchy world.
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Thursday, February 24, 2011
Space Shuttle Discovery Launch (201102240003HQ)
Space Shuttle Discovery Launch (201102240003HQ)
nasa administrator Charles Bolden and other NASA management watch the launch of space shuttle Discovery (STS-133) from the firing room at Kennedy Space Center, Thursday, Feb. 24, 2011, in Cape Canaveral, Fla. Discovery, on its 39th and final flight, is carrying the Italian-built Permanent Multipurpose Module (PMM), Express Logistics Carrier 4 (ELC4) and Robonaut 2, the first humanoid robot in space to the International Space Station. Photo Credit: (NASA/Bill Ingalls)
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Mark Hateley claims he was bribed not to play for Rangers in Champions League match against Marseille
Mark Hateley claims he was bribed not to play for Rangers in Champions League match against Marseille
Former England striker Mark Hateley claims he was offered a financial incentive not to play for Rangers in a Champions League clash against Marseille in 1993.
Revealing: Mark Hateley has claimed he was offered money not to play for Rangers against Marseille in 1993 Photo: PA
By Telegraph staff 8:50AM GMT 23 Feb 2011
The two teams met in the group stages of the competition, whose format at that time saw the winner of two groups of four qualify directly for the final.
Marseille did just that, before beating AC Milan 1-0 to win their only Champions League trophy to date, but Hateley has now suggested he was offered money not to appear in the group fixture - an offer he turned down.
In an interview which will be broadcast on ITV this evening, Hateley said: "It was a friend of a friend, who had got in touch via certain routes, basically asking me not to play.
"It would be financially rewarding for you, he said, should I not play in the Marseille game.
"He was not an agent I knew, but another agent had given him the number. It was a French-speaking person, offering me large sums of money not to play against Marseille.
"It points the finger at a person, or persons, working within that club not wanting me to play."
Marseille won the domestic league in the same season but were stripped of their title following match-fixing allegations against their former owner, Bernard Tapie.
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Tuesday, February 22, 2011
Arc de triomphe
Avenue des Champs-Elyses
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Monday, February 21, 2011
Did Jack the Ripper paint this? New painting by Walter Sickert emerges after 80 years
Did Jack the Ripper paint this? New painting by Walter Sickert emerges after 80 years
A previously unknown painting by Walter Sickert - the artist believed by author Patricia Cornwell to be Jack the Ripper - is set to fetch up to £60,000 when it goes under the hammer next month.
private collection "/>
The Blind Sea Captain, left, is thought to have been painted by Walter Sickert, right, during the summer of 1914 in Dieppe Photo: GETTY
10:43AM GMT 21 Feb 2011
The work, entitled The Blind Sea Captain, has only emerged once before - with no title except a label on the back - at an exhibition 80 years ago.
Sickert, who Patricia Cornwell has investigated at length and named as the serial killer, was notorious for his paintings of nudes.
Four of these were controversially entitled The Camden Town Murder, after a well publicised and gruesome murder of a prostitute in 1907.
But this gained him attention and he became a prominent member of the Camden Town Group of artists.
The Blind Sea Captain is far more sentimental in theme, but in the outbreak of World War One it would have been an appropriate subject for Sickert.
It is thought to have been painted during the summer of 1914 in Dieppe, France, and is described by Bonhams as 'typical of Sickert's proficiency as a master of mood and allusion.'
Wendy Baron,who has devoted her life to studying Sickert's work, was astounded to find a painting by him that she had never seen.
She said he has created "an imaginary glimpse into the lives of a man broken by blindness who, but for the devotion of his old mother or wife, would be destined for the workhouse."
An unfinished sketch in oil on canvas, dated 1912, known as The Old Soldier has been extensively catalogued and had previously thought to be the extent of Sickert's work on this subject.
However, Ms Baron adds: "Until The Blind Sea Captain emerged from a private collection in Scotland a few months ago, I had found nothing during 58 years spent studying Sickert's paintings to suggest that he had ever returned to this subject...It's rediscovery is thus especially exciting."
When it emerged, untitled, at the exhibition in Bradford in 1930, it had been lent by Sir Cyril Kendall Butler, a collector of contemporary art at the time.
But it is still unknown when Butler bought the painting and, having been seen briefly in 1930, it disappeared for 80 years.
Matthew Bradbury, director of 20th century British art at Bonhams, said: "It is very rare these days to find a large and finished oil by Walter Sickert which Dr Wendy Baron has not previously seen.
"Not since 1991, when the company sold a 1914 oil of a Belgian soldier, has a work of this date depicting a figure appeared on the open market. We are especially pleased therefore to be handling the sale of this canvas, which is in super condition."
The painting is from a private collection, inherited by the vendor from her grandfather.
It is one of the highlights of the 20th Century British Art Sale in New Bond Street on 9th March.
walter sickert, wendy baron, dieppe france, new painting, old soldier, world war one, town group, oil on canvas, gruesome murder, sea captain, summer of 1914, patricia cornwell, camden town, jack the ripper, workhouse, old mother, private collection, allusion, serial killer, blindness
Waar zouden ze 't over hebben
Waar zouden ze 't over hebben
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Sunday, February 20, 2011
A Nice February hike
A Nice February hike
Up Mount Si on a beautiful winter day. It was icy for about the last 1.5 miles, I was might glad to have Yak Trax for my boots - although I broke one, and need to find a sturdier replacement.
I have been training for a climb up Rainier in June. Going up Mount Si with a progressively heavier pack is an important part of my training. This hike was with 13 kg (28 pounds). I am working my way up to 25 kg (55 pound) pack. Most of my hikes have been slogging in the rain and mist - today was a great exception.
sea 244
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Saturday, February 19, 2011
Love Love [Pasted paper]
Lyon 1er, Croix-Rousse
Rue Burdeau
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Leyton Orient v Arsenal: Scott McGleish going for a FA Cup knockout in the fifth
Leyton Orient v Arsenal: Scott McGleish going for a FA Cup knockout in the fifth
Loves his boxing, does Barry Hearn. So much so that when introducing Scott McGleish, great itinerant of lower-league football, Leyton Orient’s ever-ebullient chairman lapses into the language of prizefighting promoter.
Senior service: Scott McGleish is hoping to ruffle Arsenal's feathers Photo: ACTION IMAGES
By Oliver Brown 7:27PM GMT 18 Feb 2011
Oliver's Twitter
“The guy who came back and saved us almost single-handedly last season, the man who still jumps higher than anybody else in the team,” Hearn begins, breathlessly, on this bracing morning at Brisbane Road. You half expect him to add: “In the orange corner, weighing in at 160 pounds …” McGleish, beside him, looks a little bashful. After all, his less-than-fearsome nickname is ‘Grandad’.
At 37, McLeish is eclipsed only by Bournemouth bruiser Steve Fletcher as the oldest striker in the Football League, and remains feted by team-mates for his longevity. Sixty-five games into his third tour of duty in E10, he has never encountered an occasion more auspicious than Sunday’s, when Arsenal, elegant conquerors of Barcelona, pitch up in Leyton for a rougher form of battle. Just one problem: McGleish, born in Camden Town, is an avid Arsenal fan.
It is an allegiance imparted to his two young sons, too. “When I was told the draw, I was at a christening,” McGleish remembers. “I went in and told Jack, then Harry, and they were both so excited. But Jack turned around to me and said, ‘I don’t know who to support, daddy’. I said, ‘Well, by rights, you should support your team but want your dad to do well. You’re going to be all right both ways. I’m a fan of the idea, ‘It’s your team, you support them’.”
Jack’s bedroom is, McGleish Snr concedes, festooned with posters of Cesc Fabregas and Andrei Arshavin, architects of last Wednesday’s artistic dismantling of the Spanish champions. But Orient’s senior player — “senior, by some distance,” in his words — must sublimate memories of his own north London background, and of his school days at St Aloysius’ College in Highgate, to engineer the humbling of his adopted club Sunday afternoon.
The distance between the Emirates and Orient’s cosy quarters off the Leyton High Road is measured in more than miles. There can have few more quantum shifts this season than the one Arsenal are forced to make, from a Champions League duel with Lionel Messi to an FA Cup fifth-round brawl against McGleish and his mates.
For Orient, already £800,000 in clover from an unlikely Cup surge, it is a transition to be turned to their advantage. When I ask McGleish if they would look to pique Arsène Wenger, famously sensitive to the roughhouse tactics of lesser foes, he smiles. “Hope so! If ever they’re going to get roughed up, it will be against Stoke in the Premier League next Tuesday, but we’ll do our best to ruffle their feathers. We have so much belief in the squad.”
Such confidence was seldom more explicit than during Orient’s second-round match at home to Droylsden, of the Blue Square North, in December: a noble, if neglected chapter in the narrative of sporting comebacks. Two-nil down with 13 minutes left, Russell Slade’s defiant team somehow contrived to win 8-2 in extra time. McGleish, true to form, weighed in with a hat-trick.
Despite his reputation as the perennial journeyman, who first joined Orient in 1994, he is not without his flourishes, either. He reflects upon a bicycle kick in a pre-season friendly against Newcastle two summers ago, a strike hit with a venom of which Wayne Rooney would have been proud. “The ball was coming in from the right, so I took it on the chest and scissor-kicked it into the top corner. But with Arsenal here, I’d take a tap-in from three inches.”
In measuring this test, he looks to his Arsenal-loving boys for an analogy. “They’re at primary school and I’m coach of the football team. This is my third year — I seriously enjoy it. Last week, the A side lost 7-2 and the B side won 3-1. There were no punches pulled: the As got told they weren’t good enough. But the Bs showed no fear. That’s how we have to be against Arsenal.”
The school in question is Shenley Primary, down the road from McGleish’s home and within a lusty goal-kick of Arsenal’s London Colney training complex. “I would see Alexandre Song’s car down at the local nursery,” he says. “Luckily for me, I’m good friends with their kit man, too. I’ve known Vic Akers a long time. He has helped us at the school, giving us a signed Arsenal shirt to auction at the charity ball.
“I drive past the training ground to get on to the M25. It’s a lovely set-up, all designed by Mr Wenger. For any player who wants to play at the top level, that’s where you would love to train. You would know have no qualms about going to work there every morning.”
The admiration of Arsenal, many of whose fans identify Orient as their second team, permeates this corner of the East End. Hearn, whose bankrolling of the League One club over 16 years has always seemed to be borne more of blind love than any practical sense, says: “From a business point of view, Wenger is the No 1 manager. Arsenal are on course to be the wealthiest club in the world. They have a different way of spending their money, but their business model is exemplary. They are a credit to football, the way they run themselves.”
Warming to his theme, Hearn cannot suppress a smirk. “That should get me a free ticket at Arsenal, any time I want to go. Which is, never.”
The eye for mischief belies Hearn’s fierce pride in the accomplishments at Orient, who operate at a loss approaching £1 million a year and whose survival is threatened by the prospect of West Ham’s move into the Olympic Stadium, siphoning fans away from their natural constituency.
“Football is a flawed business,” Hearn admits. “Last year, there were 72 clubs that lost money, and I don’t know any industry that can survive with everybody losing money. But football has managed to do it, mainly because it has a lot of cheats in the game, who like to field teams they can’t afford and then go into administration. Well, we don’t do that. We pay our bills on time and have some self-respect.”
Turning to the doughty players who uphold his philosophy, Hearn asks: “How do you train a heart? It’s like a fighter who hasn't got a chin. You’ve either got it or you haven’t. These boys have got it.”
It is a disarming passion, of which McGleish, listening intently to the chairman’s words, is one enduring embodiment.
Telegraph.feedsportal.com
Friday, February 18, 2011
Tom Hicks loses second Liverpool damages claim
Tom Hicks loses second Liverpool damages claim
Liverpool’s new owners and the Royal Bank of Scotland are confident that they will not face a damages claim from former owner Tom Hicks.
Losing out: the High Court rejected an application by Tom Hicks to overturn a ruling preventing him seeking damages in the United States Photo: PA
By Paul Kelso, Chief Sports Reporter 9:14PM GMT 17 Feb 2011
Paul's Twitter
The High Court rejected an application on Thursday by Hicks to overturn a ruling preventing him seeking damages in the United States.
Lawyers for the RBS believe the outcome makes it unlikely that they or the club’s new owners, New England Sports Ventures, now Fenway Sports Group, will face legal action from Hicks.
Liverpool were sold to NESV against Hicks’s wishes last October in a deal he described as “an epic swindle”. Hicks believes that there were more lucrative offers available and maintains that he and former partner George Gillett lost £140 million on the deal.
The NESV takeover was approved only after Mr Justice Floyd rejected an injunction from Hicks to stop the sale, ruling that the club board, then chaired by Sir Martin Broughton, had the legal right to force through the sale of the club.
The majority state-owned RBS, which made millions in fees and interest from bank-rolling the Hicks-George Gillett takeover and propping up their ownership with loans of more than £350 million, insisted on Broughton having the casting vote on any sale as part of their final refinancing agreement with the Americans.
Having been defeated in the UK courts, Hicks issued a second action in a Dallas court seeking to block the sale, but was forced to withdraw it after Floyd issued a second injunction in October.
On Thursday the same judge rejected Hicks’s attempts to have this injunction overturned, and effectively endorsed the decision that damages could only be sought in the UK. “I am satisfied that the former owners have not shown any good reason why the injunction should be discharged,” Floyd said in his written judgment.
Several times in the judgment Floyd emphasises that jurisdiction for any legal action lies in the UK. One of the conditions of Hicks’s credit agreement with RBS was that any issues be settled in the UK courts, and it was also a condition of a corporate governance side letter imposed by the ban in April 2010, when they demanded the Americans find a buyer for the club.
Floyd also said that Hicks now accepted he had no chance of success in the British courts. “The former owners’ position, now, is that they accept that they have no realistic prospect of successfully showing that RBS were in repudiatory breach of the CGSL,” he wrote in a written judgment published on Thursday morning.
Floyd did vary the injunction slightly, allowing Hicks to sue for disclosure of documents and information relating to the sale of the club in the US, but only if it is in support of a UK court action.
The judge also gave Broughton and NESV permission to seek permanent protection against any damages claim from Hicks, technically known as “negative declaratory relief”.
In a statement Liverpool welcomed the judgment: “We are delighted that Mr Justice Floyd has granted the applications requested by Sir Martin Broughton, RBS and NESV and that the anti-suit injunction prohibiting the former owners from commencing legal actions against these parties outside the EU has been upheld and clarified.
“Sir Martin, RBS and NESV continue to maintain that there is no basis to challenge the propriety or validity of any actions by them or any of those involved on their behalf in the sale of the club. They will continue to take all steps necessary to defend vigorously any litigation threatened or commenced by the Club’s former owners.”
Hicks has previously indicated his intention to sue in the US suggesting damages could reach $1 billion, but said in this case that he had not decided whether to proceed.
A spokesman for Hicks said he was considering the implications of the judgment and would take legal advice before deciding on next steps. Hicks is understood to maintain that he has cause for complaint. “He just wants his money back,” said a source.
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Ancient Olive_8426
Ancient Olive_8426
This is in the area of the delphi Gymnasium.
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Thursday, February 17, 2011
Montgomery Plaza
Montgomery Plaza
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dmudallas012011
Wednesday, February 16, 2011
1912 Seldon (modified)
1912 Seldon (modified)
Harrah's Auto Museum, Reno, Nevada.
Equipment: Canon 50d w/Tamron EF-S 10-24mm > RAW File. Tripod Mounted w/remote digital release. f/18; 10 seconds; ISO - 400. White Balance-4000 Kelvin.
Software: Canon's Photo Professional; HDR/Tonemapped-Photomatix Pro 4; Layers, cropping, curve adjustments and enhancements through Adobe Creative Suite Five(cs5).
Description: This 1912 Sheldon Roadster was modified for use by a Rochester, New York Fire Department Battalion and is equipped with a bell, a fire extinguisher, electric starter, a tool box and electric head lamps.
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Harrah's Auto Museum
Reno, NV
1912 Seldon (modified)
Canon Digital Photo Professional
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Sportsman Royal, Plate 5
Sportsman Royal, Plate 5
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Tuesday, February 15, 2011
DSC05705
DSC05705
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Sunday, February 13, 2011
smooth
smooth
www.youtube.com/watch?v=OYVdwKxmBVM
Evdilos, Ikaria, Greece
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Saturday, February 12, 2011
Lights from Heaven 2 - Yalta on the Black Sea (Crimea)
Lights from Heaven 2 - Yalta on the Black Sea (Crimea)
Click here to view larger size photo on Black
It was indeed an exceptional opportunity I was lucky to capture in this early morning where the clouds decided to paint the sky and the sea through the warm sun-rays, at three simultaneous locations.
Nikon D700 and Nikkor AF-S 70-200mm f/2.8 VRII, ISO 250 , f/9, HDR assembled from 3 bracketed exposures 1EV apart from each.
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stoa of attalos
Built by and named after King Attalos II of Pergamon between 159 and 138 BC, it was restored by the American School of Classical Study in Athens with fundings from the Rockefeller family and now houses the Museum of the Ancient Agora.
Voigtlander Bessaflex TM + Carl Zeiss Jena Flektogon 2.8/20mm + kodak Ultramax 400.
Scanned by Minolta Scan Dual IV.
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Friday, February 11, 2011
sunset over point loma
sunset over point loma
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sony alpha 200
Thursday, February 10, 2011
German Shuns Euro Bank Job
FRANKFURT—Germany's top central banker has dropped out of the race to become the European Central Bank's next president, European officials said—a move that throws the search for a new chief into disarray at a time when European authorities are trying to bring the euro zone's debt crisis under control.
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Agence France-Presse/Getty Images
Axel Weber, long seen as a leading candidate to succeed the ECB's Jean-Claude Trichet, appears to have taken himself out of contention.
German Bundesbank President Axel Weber, who was widely seen as the favorite to succeed ECB President Jean-Claude Trichet when his term ends in October, has told Germany's government he is no longer seeking the job, these officials say. Mr. Weber now "has other plans," one of these officials said.
Those plans will likely involve Mr. Weber's leaving the Bundesbank soon and possibly taking a top position at Germany's biggest private-sector bank, Deutsche Bank AG, according to people familiar with the matter. Deutsche Bank is expected to reshuffle its top management to replace Chief Executive Josef Ackermann.
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No agreement has been reached, but under one scenario, Mr. Weber could become Deutsche Bank's next chairman, while the bank's investment-banking head Anshu Jain ascends to CEO, close observers of the bank say.
Deutsche Bank declined to comment. The Bundesbank said Mr. Weber wouldn't comment.
As Bundesbank president, Mr. Weber votes on the ECB's governing council, made up of the heads of the 17 central banks of the euro countries plus a six-member executive board.
Mr. Weber's apparent withdrawal from the race is a painful blow for German Chancellor Angela Merkel, who was hoping to install Mr. Weber—a trusted if controversial ally—at the ECB's helm as part of her strategy to bolster confidence in Europe's 12-year-old single currency. Berlin is pushing for an overhaul of the euro zone's economic governance, to bring the bloc more in line with Germany's focus on fiscal prudence, inflation-fighting and business competitiveness.
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Having a German at the head of the ECB would have helped Ms. Merkel convince skeptical domestic voters that the euro serves Germany's interests, despite the growing cost of having to come to the aid of financially stricken euro members such as Greece and Ireland.
On Wednesday morning, amid a flurry of media reports on Mr. Weber's change of plans, Ms. Merkel spoke to Mr. Weber by phone, according to her spokesman, who declined to provide details of the talk. Top German government officials were angered and mystified at Mr. Weber's decision, according to people familiar with the matter.
Mr. Weber's clashes of policy and personality with other euro-zone central bankers appear to have undermined a plank of Ms. Merkel's strategy. Mr. Weber, a outspoken 53-year-old former economics professor, has alienated many of his colleagues on the ECB's governing council in the past year by bluntly criticizing the central bank's handling of the euro-zone crisis, in particular its decision to buy bonds of struggling governments.
Who's Next
Contenders for the European Central Bank's presidency
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Reuters
Mario Draghi, governor at Bank of Italy and chairman of the Financial Stability Board, is well-qualified but his nationality could be a minus: Italy is one of Europe's fiscal laggards.
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Bloomberg News
Yves Mersch, governor of the Central Bank of Luxembourg, is a candidate from a smaller country who is seen as relatively hawkish on irate policy. He has served on corporate boards.
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Bloomberg News
Erkki Liikanen, governor of the Bank of Finland, was elected to Finland's Parliament at age 21. He is also a former European Union budget commissioner.
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Klaus Regling, the German CEO of the European Financial Stability Facility, has held posts at the International Monetary Fund and the European Commission.
Several other ECB board members viewed Mr. Weber's public attacks on their collective decisions as a breach of central-banking etiquette that raised questions about whether he would be suited to leading the consensus-based institution.
Mr. Weber, who said publicly last year that he would rather speak his mind than be diplomatic, appears to have concluded that even if European governments' agreed to give him the job, he wouldn't enjoy the full support of Europe's central-banking fraternity as ECB head.
Although some other Bundesbank officials share Mr. Weber's reservations about ECB bond-buying—fearing that such activities could fuel inflation and erode the central bank's political independence—he has taken a particularly hard line. Many analysts say Mr. Weber's career background as an academic, rather than a central banker, made him an outlier at the Bundesbank.
"Weber prefers to make policy with a lot of facts but very little diplomacy," says Marco Valli, chief euro-zone economist at UniCredit in Milan, adding, "It could be a good characteristic in the private sector, but not necessarily at the ECB."
The search for a successor to Mr. Trichet, a widely respected 68-year-old Frenchman, has now been thrown open, analysts say.
Italy's central-bank governor Mario Draghi, with his broad financial experience, is probably the best-qualified candidate, many analysts say. But politically, Mr. Draghi may have the wrong passport at a time when Southern European nations are at the heart of the euro zone's debt crisis, and Northern European countries—led by Germany—seek more influence.
"The big problem for Draghi is that it's not easy to see the ECB being led by an Italian when you already have a Portuguese vice-president and when we all know that the debt crisis is far from over," Mr. Valli said.
Luxembourg's central bank head Yves Mersch and Finnish central banker Erkki Liikanen are also contenders for the top job, ECB watchers say, thanks to their anti-inflation views and that they come from nations that aren't caught up in the debt crisis.
Germany's only other potential candidate for the ECB leadership, say analysts, is Klaus Regling, a former International Monetary Fund official who heads Europe's rescue fund for struggling euro-zone governments. But Mr. Regling lacks a background in central banking and is thus seen as an outside bet.
French and Italian officials argued on Wednesday that European leaders should focus on the individual candidate, not on nationality.
Mr. Weber's withdrawal is unlikely to have a major effect on ECB policies on interest rates or the debt crisis, analysts said. The ECB, modeled on Germany's Bundesbank and based in Frankfurt, focuses on keeping inflation close to but under 2% and has a reputation for being tougher on inflation than other major central banks, including the U.S. Federal Reserve. Germany and other Northern European countries would likely veto any candidate who might loosen the bank's anti-inflation stance.
Despite Mr. Weber's abrasive style, he was viewed as the front-runner, thanks to Ms. Merkel's strong backing at a time when Germany's financial muscle is increasingly making it the most politically powerful nation in the euro zone.
His candidacy raised the prospect of more-open dissent at the ECB, which could have unsettled financial markets, analysts say. However, without Mr. Weber, the ECB could be left with a less forceful presence when Mr. Trichet retires.
Mr. Weber "is quite a heavy hitter, as is Trichet, and it's hard to imagine they will find another candidate who will have that same name reputation," said Stefan Gerlach, professor at Goethe-University Frankfurt.
The choice of the next ECB president isn't expected to be made until close to Mr. Trichet's retirement date, as European leaders don't want to undermine the Frenchman's authority by naming his replacement early. Nevertheless, if the euro-zone debt crisis flares again, European leaders may be forced to settle the issue sooner.
—Laura Stevens and Alessandra Galloni contributed to this article.
Write to Brian Blackstone at brian.blackstone@dowjones.com, Geoffrey Smith at geoffrey.smith@dowjones.com and Marcus Walker at marcus.walker@wsj.com
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Wednesday, February 9, 2011
UBS cuts bonuses by 10pc despite return to profit
UBS cuts bonuses by 10pc despite return to profit
Staff bonuses at UBS will be 10pc lower this year than in 2010 despite the Swiss bank returning to profit.
UBS made a Sfr7.2bn profit compared with a Sfr2.7bn loss in 2009 Photo: AFP
By Harry Wilson 7:00AM GMT 09 Feb 2011
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A total of Sfr4.3bn (£2.8bn) will be paid out in bonuses for 2010, Sfr460m less than the year before, despite the bank making a Sfr7.2bn profit compared with a Sfr2.7bn loss in 2009.
Of the bonuses paid out by UBS, at least 60pc will be paid in the form of shares deferred over three years for those with base salaries of more than $250,000 (£155,000), and for directors about three-quarters of pay will be subject to clawback for five years.
"While we made substantial progress in 2010, we are fully aware that we have to continue to improve our results," said Oswald Grübel, chief executive of UBS.
Swiss banks have been at the forefront of reforming banking industry pay and were the first back in early 2009 to cut bonuses and increase salaries.
Under its new compensation plan, UBS has indentified 200 "key risk takers and controllers" within the bank whose pay will be subject to tough performance criteria. These will include clauses that mean if the business they are working in does not make a profit the individual will not receive the full bonus awarded to them from the previous year.
The improvement in UBS's performance was largely the result of lower credit losses.
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