They’re calling it the “Walkie-Scorchie,” or “Fry-Scraper,” but to local businesses it’s anything but funny. The new 37 story building going up at 20 Fenchurch Street in London’s financial district is a sight to see, with unusual concave shaped windows and more space on the upper floors than on lower ones. The radical design is instantly recognizable in the London skyline, but tourists are drawn to it not so much to marvel at the architecture as to witness a now undeniable phenomenon: The building can produce a “death ray” of light so hot that it has started fires and melted cars unfortunate enough to be parked in its path. As it turns out, for two to three hours a day when the sun is brightest and hottest, the windows reflect and focus sunlight with such intensity that temperatures have been…

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During this Thanksgiving holiday, we at Chatham got to thinking about the things for which we are thankful. Family, friends, health – the list contained the usual suspects. But this Thanksgiving, we had another reason to be thankful as we dug into the independent findings of Martin Wheatley, Managing Director of the Conduct Business Unit at the Financial Services Authority (FSA) and active Chief Executive of the newly created Financial Conduct Authority. In September, Mr. Wheatley released to the public “The Wheatley Review of LIBOR: Final Report,” a detailed, ten-step plan designed to give guidance for a policy response aimed at preventing future abuses of LIBOR and other financial benchmarks. After reading the Wheatley Review, we are thankful that the LIBOR calculation process is getting an apparently much-needed revamping. The Scandal In July, Chatham brought to your attention the economic…

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