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I woke up so depressed on Tuesday morning," says Katharine Hamnett - evenly, quietly, the way she says everything. "I felt like killing myself, and then I thought, 'Actually, I'm going to launch a political party.'" I look for a trace of irony, and although she is - contrary to popular stereotype - entirely capable of humour, dry and pointed, and possessed of a generous capacity for fun, she is not, just now, being ironic. At all. On Easter Monday she attended the CND march at Aldermaston, wearing ("under about 25 layers", because of the cold) one of two T-shirts she designed for the occasion - Education not Trident, and NHS not Trident - and, atop a flatbed truck, gave a three-minute speech at five of the facility's gates. Today, sitting in an east London bar, she gets out a big hardback notebook containing emphatic scribbles about investment returns on education as opposed to Trident (she says up to 10.8% on £100bn, simply from the higher taxes paid by better-educated people, as opposed to "some outdated warheads and some rusty, very expensive submarines"); the needy vanity of having nuclear weapons ("there's a huge amount of testosterone involved in the nuclear [power] … Fukushima's probably the ultimate orgasm, isn't it? It just goes on and on"). Later she will list the far-reaching health and agricultural ramifications of the accident in Japan, describe the PR muscle at energy company EDF, list the ex-cabinet ministers and their relations who have taken jobs relating to the nuclear industry … It was the march, and the fact that it still had to happen in 2013, plus the fact that the government is not only committed to renewing Trident, but is intending to do so while making such savage cuts to the welfare state, that made her feel so depressed. Read more: http://www.guardian.co.uk/fashion/2013/apr/06/katharine-hamnett-testosterone-nuclear-power

Source: http://www.thenational.ae/business/industry-insights/markets/ipos-back-in-fashion-as-investors-warm-to-uae-stocks A flurry of initial public offerings is planned for the coming months amid ripe valuations and investor appetite for UAE stocks. This month, the Bank of London & The Middle East announced an intent to list its shares on the Nasdaq Dubai in October, the bourse's first listing in almost five years. The news was then followed by two IPO revelations this week - Just Falafel is considering a 25 per cent listing of the food chain's shares on the Nasdaq Dubai and Damac Properties is eyeing a London share sale. The renewed confidence among UAE companies illustrates a marked change in attitude towards raising capital from equity markets. "More investors are turning to investment banks to take their companies public," said Mohammed Ali Yasin, the managing director at National Bank of Abu Dhabi's brokerage arm. "Valuations have become much more interesting and give room for founders to realise good value from selling their companies." UAE shares traded at 10 times earnings about a year ago. For a company to go public, they would have to be valued at five to seven times earnings, "which is not exciting or interesting for founders of those companies", said Mr Yasin. Today, the ratio is 12 to 13 times earnings. "That means IPOs can come to the market with 10 times earnings. It gives the founders incentive to spin off their shares." Equity markets have rallied over the past year, as the nation's laggard stocks have come to better reflect the UAE's strong economic fundamentals. The Abu Dhabi Securities Exchange General Index has gained about 45 per cent this year. The Dubai Financial Market General Index has risen almost 65 per cent. There have been few new listings from UAE companies in recent years as low valuations and thin trading volumes deterred companies from going public. "Since the 2008 global financial crisis, t