Sunday - October 25, 2015

china, golf and nuke reactor

I don’t play or follow golf, although we once lived in places right on the course.
Nice setting and housing assoc. took care of yearly painting if necessary and all the gardening.  Good life while it lasted and in all those years, which in truth weren’t too many and far short of what I’d have liked, only one ball came through a window.  Which was repaired by the assoc.  OK, so we did through our monthly contract with said assoc.

So generally, I skip over golfing news.  Don’t much care who wins what, but do understand that it takes a bit of skill to play well.
I like riding in the golf carts however.  In Palm Desert, lots of folks abandon their cars and do grocery shopping in their carts.  The super markets even have spaces just for golf carts.  Unfortunately, the markets back home aren’t as advanced as those here in the UK where, you can get home delivery and even the dairy still delivers if you want it.  But off the subject.
This is what I want to share.  Take a look, as Chinese buy up another bit of the island. Between them and the Arabs, there won’t be much left for the new immigrants. No worries.  They can always join the squatters and occupy whatever they want to, as a few of them already have.

HIGH PRICE FOR PLAYING A ROUND
By Chris Green

The historic club, regarded as the birthplace of the Ryder Cup, will charge existing members £100,000 to carry on playing.

Nestling in the Surrey countryside, its exquisitely manicured greens and fairways have long played host to elite golfers from all over the world, as well as a steady stream of millionaires – and billionaires – with a passion for the sport. Now, Wentworth is about to get even more exclusive.

New members of the historic club, which was founded in 1926 and is commonly regarded as the birthplace of the Ryder Cup, will now have to pay £125,000 for the privilege of playing on its hallowed courses under a shake-up ordered by its Chinese owners.
Wentworth’s existing members have also been told that they will have to pay £100,000 or face losing the right to play at the club, which was purchased for £135m by the Beijing-based Reignwood Group in September last year. Currently, the club’s 4,000 members pay a comparatively modest £8,000 a year plus a £15,000 joining fee.
Golfers who attended a meeting at the club on Tuesday evening were said to be “completely shocked” by the price hike, which will take effect from April 2017. Wentworth’s annual membership fee will also double to £16,000 as its owners set about upgrading its facilities, investing £20m over two years.
James Wyatt, one of the club’s current members, said there was confusion over whether the £100,000 fee was a one-off payment or a debenture which could be resold. “There was some doubt as to whether we’re looking at what we all think a debenture to be, or if it is really just a payment to the owners to fund their purchase and improvements in the club,” he told the BBC.

According to some reports, the new fees are an attempt by the club’s owners to reduce the number of existing members, allowing an influx of even wealthier individuals who can afford to pay six figure sums to play at Wentworth. Sir Michael Parkinson, a long time member of the club, has previously described the “barmy” policy as a “cull”.
Peter Alliss, the BBC golf commentator and honorary Wentworth member, said the debenture plan was “an extraordinary step”, adding: “there are very few people who have £100,000 to piddle away on their pleasures”.

complete version continued

But wait …. there’s just one more tiny item to share, no link and no long intro.
I thought you might find of interest that, according to the news, the present government has signed a deal with the Chinese.

TO BUILD A NUCLEAR PLANT WITH THE PURPOSE OF GENERATING CHEAP ELECTRICITY

Their investment is to be a third and will cost them $7b.  The French are involved too, but I can’t remember who the third party is.

I wonder who has the Alka Seltzer concession ... plop,plop fizz-fizz

Cheers All

Posted by peiper     on 10/25/2015 at 10:13 AM   
Filed Under: • CHINA in the news • UK •  
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