Australian billionaire to make Titanic II

Culture & Society

Clive Palmer, Australia's fifth richest man, has decided to build a high-tech replica of the Titanic, called Titanic II, which will be completed in 2016.

(Source: itnnews YouTube channel)

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The fragile finances of Formula One
By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.

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