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I got mesmerized by the work of that art genius.. You may ask how did I come across this guy and I would tell you, that I bumped into his sculptures at StumbleUpon.com. Isn’t it funny? I have noticed that this page got the best references of all and so I got intrigued and decided to check out what was his work about. Amazing and incredible, let me tell you..

Here is a sample of his work, guys. The most known masterpiece of David, so called Cosmic Thing, was introduced at the Venice Beinnale in 2003 and become his breakout hit. If you have checked out his work at the previous link, I’m sure, you know why. Ortega himself says about his work: “I’m interested in those very every day attempts to produce meaning.”

As I couldn’t let go I started searching for current exhibitions of Ortega and found out there should be one going on from October 15 till February 2011. It takes place in London in the Curve Gallery, entrance is free of charge. The exhibition is open every day from 8am till 10pm.

So how do you like it?

And here are some good news for Ortego fans – the author himself will be available to be seen in The Curve gallery in the last week of the exhibition.

Thus keep an eye on promotion air fare and flight offers at MyAirDeals.com or check out how much it is to get from your city to London at flylowcostairlines.org, so you can get to London as cheap as possible to see amazing art work of David Ortega. Do not forget, this exhibition will approximately last four months so it’s a good strategy to book your ticket now and profit from low prices when booking well ahead.

Good luck with finding the cheapest air ticket and see you in London!

The briefest of respites from a continuous barrage of negative financial news was the announcement made early Tuesday that inflation figures in December fell sharply to an annual 3.1%, a sharp drop from the November rate of 4.1%. From Consumer price inflation fell sharply in December to an annual rate of 3.1% from November’s figure of 4.1%. 

Financial experts suggested that the major factor behind the reduction was the 2.5% cut in VAT announced late November 2008

Factors taken into account when calculating the UK inflation rate include mortgage rate, the retail price index which fell by almost two thirds from 3% in November to less than 1% in December, the largest fall and the lowest rate in one month since 1981

Undoubtedly the major cause of the fall in the retail price index was the welcome and seemingly continuous drop in petrol prices at the pump, which unfortunately was not felt in transport costs, with air fares and public travel on the rise. Retail prices also took a major tumble in December, the first time that the annual Christmas rush witnessed such a phenomena.  Clothing and footwear prices were down an average of more than 105 from the corresponding prices of 2007.

Those economists who do not like to give out too much good news are happy to report that if inflation continues to drop, it won’t be too long before deflation begins to raise its ugly head.  Forecasts are that deflation may be with us by the middle of 2009, largely brought on by a lack of consumer confidence. Understandable as it may seem, it could mean that consumers will continue to delay major purchases on the premise that next month the goods they want or need will be even less expensive 

Any attempts by the Government to counter the downturn in sales may have a limited impact. Consumer credit remaining is very hard to find and the interest rates very high for those that do.  All in all, the current atmosphere in the UK is not conducive to consumer spending.  

When speaking of atmospheres, the atmosphere in banking circles is decidedly bleak. One can imagine a scenario where Gordon Brown phones Alistair Darling just before they turn in for the night to comfort each other by saying “At least tomorrow it can’t get any worse” Only to wake up in the morning to discover that it has.

Yesterday’s bombshell, and probably the largest to date, was that the  announcement  late on Monday that  the Royal Bank of Scotland had succeeded in making the largest trading loss in UK corporate history yesterday. Initial reaction in British financial circles was that Brown and Darling would have no option but to nationalize the bank, setting of considerable panic among the RBOS’s few remaining private sector shareholders.

The 28 billion pounds loss was made up from eight billion pounds of toxic assets and the further 20 billion pounds of losses made through acquisitions which proved to be unwise in the extreme, with the 2007 takeover of Dutch bank ABN Amro in 2007 being the jewel in the crown.

On the back of this disastrous news RBOS shares fell by two-thirds in value, closing at 11.6p. Per share  

In relation, the rest of the UK banks fared slightly better, and the general uplift in confidence and optimism expected after the announcement of a second buyout soon fizzled out.  

This article was written by eCommerce Associates for Bank — Accounts and our Finance Blog