Move comes as industry grapples with impact of Donald Trump’s steep 25% tariffs on cars imported to US
The Mini owner, BMW
has ended 180 agency staff contracts at its factory in Oxford as the British car industry grapples with global economic uncertainty and steep US tariffs
Donald Trump announced 25% tariffs in March
hitting all cars imported to the US from overseas from 3 April
in the hope of forcing carmakers to invest in production in the US
The tariffs have left British manufacturers who sell large numbers of cars to the US scrambling for a response
However, Britain’s largest automotive employer, Jaguar Land Rover (JLR), has just restarted shipments to the US despite questions over whether it can make a profit on its cheaper models. JLR last month paused shipments to try to work out how to respond to the tariffs
The tariffs arrived as the British car industry was already in a perilous state
with UK car production in 2024 half the level seen in 2019
Carmakers are also struggling to shift to electric car production
The Oxford Mini plant has been running well under capacity for five years, with the 2024 production at 110,000, compared with 234,000 at its peak in 2018
The 180 staff whose contracts were ended in April were all agency workers
The job cuts represent only a small proportion of the 3,500 workers at the Oxford factory
and it is understood the company often uses temporary workers to manage fluctuations in production
the cuts illustrate the difficulties facing British carmakers
On top of the tariffs, carmakers have had to contend with slower growth in demand for electric cars than previously expected. BMW had already reacted in February by delaying a £600m investment to upgrade the Mini factory for electric production
It is understood BMW does still plan to go forward with that investment
although a formal decision on the timing is yet to be made
The electric version of its leading Range Rover model is going through final testing
However, a bigger question mark remains over the timing of the next Jaguar. JLR last year launched a bold rebrand of the ageing Jaguar marque
with a December launch event in Miami that emphasised its hopes of targeting a global
Trump’s tariffs would add 25% to the cost of the car from the factory gate
adding a big obstacle to a profitable launch
The company had already cut back the production of cheaper models made at its Halewood factory in January
with hundreds of voluntary redundancies and payouts for people taking early retirement as it changed shift patterns
The production cuts were brought in as JLR prepared to upgrade the factory to be able to make further unnamed electric cars
Trump’s tariffs could make it harder for JLR to justify increases to production again
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A JLR spokesperson said: “The US is an important market for JLR’s luxury brands, and 25% tariffs on autos and auto parts remain. As we work to address the new US trading terms with our partners, we are enacting planned short-term actions as we develop our mid- to longer-term plans. We will give a further update at our full-year results in May.”
Further JLR job losses are expected by people with knowledge of the internal situation, although no redundancies have yet been announced.
Oxford's season ends in style - The Dub podcast
"It was almost like the season in a microcosm because it was much better than you expected
but I think I'd go further than that and talk about how vibrant it was
"It was an advert for what you want the Championship to be
The one thing it didn't have was the nail-biting
stomach-crushing pressure of some of the previous weeks."
BBC Radio Oxford's Jerome Sale shares his thoughts on the 3-3 draw at Swansea on the final day
former U's defender Ben Purkiss and supporter and podcaster George Elek on the latest episode of The Dub podcast
They reflect on Oxford's final week of the season
staying in the Championship and what might happen in the summer transfer window
Listen to the full episode of The Dub podcast on BBC Sounds.
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Ohio (WXIX) - Oxford police confirm they are investigating an allegation against a Talawanda district employee
A mother went to the police department lobby last week and reported her son “was inappropriately touched at school” in March 2024
according to a police incident report released Monday
She alleged the incident occurred at an address that is Kramer Elementary School on West Sycamore Street in Oxford
Beyond confirming the investigation and releasing the report
police had little else to say about the case Monday
Talawanda school officials released a copy of the letter they sent to families last week about the complaint
It’s titled: “TSD Administrator Placed on Paid Leave.”
“Talawanda School District received a complaint of inappropriate conduct by an administrator
The District takes all complaints seriously and has taken steps to place this administrator on leave pending further investigation
Please note that the District cannot discuss pending personnel matters
“We want to assure all members of our community that we continually strive to keep all of our students and staff safe!”
a teacher’s aide quit minutes before the Butler County Sheriff’s Office arrested her on a misdemeanor charge of child endangering
They took her into custody after she walked out of Bogan Elementary School on Hamilton Richmond Road in Oxford
the district said it intended to terminate the employee at an upcoming disciplinary hearing
but she resigned before proceedings occurred
was accused of abusing a “mentally handicapped child under 21 years of age.”
“The case involves a teacher’s aide having some form of disciplinary contact with a disabled student that could be construed as abusive,” Butler County Prosecutor Mike Gmoser said at the time
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The University of Mississippi has decided not to provide funding for the 2025 Oxford Pride Parade
citing efforts to comply with the new law that prevents public schools and public postsecondary educational institutions across the state of Mississippi from engaging in discriminatory practices under banner of diversity
“The 2025 Oxford Pride Parade will continue with support from many community partners. This year, the university has paused its institutional support as leadership evaluates the impact of new state legislation on university involvement in events and activities,” Jacob Batte, director of news and media relations at the university, said, as reported by the Oxford Eagle
“The university remains committed to fostering a welcoming environment for all while ensuring compliance with state law.”
The legislation – HB 1193 – signed into law by Governor Tate Reeves (R) is titled the “Requiring Efficiency For Our Colleges and Universities System and Education System (REFOCUSES) Act,” otherwise referred to as the anti-DEI bill
and Inclusion practices when selecting faculty
academic opportunities and student engagement are based solely on individual merit
without consideration of an individual’s views on diversity
equity and inclusion,” the legislation states
As previously reported
and the Charter School Authorizer Board are to ensure that each institution
college and public school does not expend any funds derived from government appropriations
According to Oxford Pride
came to the Sarah Isom Center “with a dream of a Pride parade and a permit from the city” in 2016
the Sarah Isom Center launched Oxford’s first Pride Parade
Allies rushed forward to march in the parade
and many LGBTQ students were overwhelmed with the love and acceptance they felt on that day,” Oxford Pride states on its website
our Pride Weekend expanded its partnerships and brought Big Freedia and drag performers from Pulse Nightclub in Orlando to Oxford.”
Oxford Pride says it was created “to give LGBTQIA+ students
and their allies a highly visible and inclusive community event during the academic school year to make them feel welcome and a part of the larger LOU community.”
This year’s Oxford Pride Parade is slated for Saturday
The parade will travel up University Avenue
A “Donate” button on Oxford Pride’s website takes visitors to the University of Mississippi Foundation’s support page where donors are encouraged to give to the Isom Center Fund for LGBTQ Arts
In addition, the group, under Kevin Cozart, launched a GoFundMe to raise money to support the annual event after university leadership informed them “that no university accounts may be used to support Oxford Pride Week.”
“While all Pride events will take place as scheduled
university leadership has directed the Sarah Isom Center and other university entities to step back from their institutional involvement with the 2025 Oxford Pride Parade
while they study the new HB 1193 law and await guidance from IHL on how we can continue to support everyone in our campus,” the GoFundMe plea states
“The student group Outgrads and UM PRIDE Network are now the organizers of the Pride parade.”
the group had surpassed its $5,000 goal and reportedly raised $11,621 through 157 donations
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Street parties, live 1940s-style music events and beacon lighting alongside the River Thames in Oxfordshire will mark 80 years since VE Day.
Oxford City Council is waiving the road closure charge to encourage residents and community groups to host street parties.
Historical displays and the traditional throwing game Aunt Sally will also feature in the week when the nation celebrates the end of World War Two in Europe.
Church bells will ring out and beacons will be lit across the UK on VE Day, 8 May.
Image source, Soldiers of Oxfordshire MuseumImage caption, An exhibition at Soldiers of Oxfordshire Museum is dedicated to local celebrations of VE and VJ day in 1945
On VE Day, 8 May, Abingdon will begin commemorations with the town crier's proclamation from the County Hall roof at 09:00 BST.
Banbury Town Council promises a "true street party experience" in the town hall with live music, stories and military vehicles on display.
Bells will be run at churches in Bicester, Thame and Witney in the early evening, while beacon-lighting ceremonies take place in Henley-on-Thames and Blenheim Palace in Woodstock.
In Oxford, the union flag will fly over the Town Hall and bells will peal at Carfax Tower.
In Rose Hill, the Social Club will celebrate with an evening of music and Aunt Sally games, a traditional English pub game where players throw batons at a wooden skittle or "doll" placed on top of a post.
Image caption, Lord Mayor of Oxford Mike Rowley said the authority was waiving the road closure charge for small street parties because "we want to make it as easy as possible for people to take part"
On Saturday 10 May, Woodstock will host a "a street party with living history", Soldiers of Oxfordshire Museum displays, military vehicles and live 1940s-style music.
A rally of MG cars will take place in Abingdon Market Place on Sunday 11 May and an exhibition of the role the car factory played in the war effort.
The streets of Wantage will come alive for a vintage party, where people are invited to come dressed in their "finest 1940s attire" for a fancy dress competition.
Mike Rowley, Lord Mayor of Oxford, said the anniversary was "an important opportunity for us to come together to honour the bravery and sacrifice of the wartime generation".
"VE Day is a defining moment in our history and this may be one of the last opportunities we have to thank the surviving veterans, so we should celebrate them in style.
"By waiving the road closure charge for small street parties, we want to make it as easy as possible for people to take part."
Image source, Soldiers of Oxfordshire MuseumImage caption, Visitors to The Soldiers of Oxfordshire Museum can also see the Lee Enfield Rifle Project, which has signatures of more than 130 World War Two veterans, men and women, from across the forces
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Flypast and concert for VE Day 80th commemorations
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Serious questions about the handling of the David Fletcher abuse scandal remain unanswered after the Diocese of Oxford refused to expand on its joint statement with his former church
Anglican Ink reported last month that Fletcher had Permission to Officiate (PTO) in Oxford Diocese when safeguarding concerns first emerged about his behaviour towards women
the conservative evangelical flagship church in central Oxford where he had been Rector from 1986 to 1998
He held the Bishop of Oxford’s PTO until July 2018
Fletcher therefore had PTO in Oxford Diocese for the first two years of Croft’s episcopate
In February following the Channel 4 News revelations that Fletcher was an abuser of women and girls
Oxford Diocese and St Ebbe’s issued a joint statement
This followed an earlier statement by St Ebbe’s which said: ‘Since 2017
by which time David Fletcher was very unwell and had ceased doing any ministry
St Ebbe’s received reports from two women about him having been inappropriately tactile with them
These were referred to the Diocesan Safeguarding Team {DST}
No other concerns have been reported to St Ebbe’s in relation to him.’
The Oxford Diocese-St Ebbe’s joint statement said that in 2017 Fletcher was told ‘to avoid physical contact that had any possibility of being considered inappropriate’ following a report of him ‘being inappropriately tactile with a member of the church’
It also said that in 2019 ‘David Fletcher’s behaviour was again raised when a report of inappropriate tactility was passed to St Ebbe’s via a third party’
‘who confirmed that the appropriate action had been taken in 2017 and advised that the report did not meet the threshold for further action.’
The joint statement added that a further concern about Fletcher emerged in 2021: ‘St Ebbe’s heard indirectly of a couple who had approached David Fletcher to confront him about his behaviour some years previously
The couple were contacted and encouraged to make a report to the Diocese
David Fletcher was seriously ill at this point and
In March Evangelicals Now ran a news story in which an Oxford Diocese spokesperson was quoted clarifying how St Ebbe’s handled the disclosures: ‘The 2017 complaint was handled by St Ebbe’s when first reported
Anglican Ink last week contacted Oxford Diocese in the light of the news that Fletcher had PTO in 2017: ‘We know that Fletcher had PTO during the first two of years of Bishop Croft’s episcopate and that the St Ebbe’s leadership handled the initial disclosure about Fletcher themselves
‘Would Oxford Diocese be prepared to issue a statement on the handling of the 2017 disclosure about a minister holding the Bishop’s licence at the time and about the fact that the Bishop was not informed until at least two years later that there were safeguarding issues around Fletcher
What is Oxford Diocese’s position on this delay?’
AI also asked for further details about the handling of the 2017 disclosure by St Ebbe’s
Who told Fletcher to ‘avoid physical contact that had any possibility of being considered inappropriate’
Roberts’s clerical number two at the church
Was the church’s safeguarding officer present
Oxford Diocese responded: ‘The diocese and St Ebbe’s actions in light of complaints made about David Fletcher’s behaviour have been detailed in this statement, on St Ebbe’s website
Following the Channel 4 News investigation
more women have come forward with disclosures about their abuse by Fletcher
It is to be hoped for the sake of all his victims that there is full transparency from both Oxford Diocese and St Ebbe’s about the scale of the scandal
the culture that enabled him to abuse his position of trust
is an evangelical journalist based in the UK
Though it’s emphatically not true that Oxford is the hedonistic, loose and free world depicted in literature and movies such as Emerald Fennell’s Saltburn
it is absolutely true that everyone here has a vice
For some it will be the standard unholy trinity: alcohol
For others it will be the desperation for academic approval
Odeon Magdalen Street closed in 2023, just a few months shy of the venue’s 100th anniversary. Now the credits have rolled on Odeon George Street’s time as a cinema
as it will reportedly be redeveloped into an aparthotel
One can only wonder exactly what has caused these successive tragedies
Maybe it’s all work and no play nowadays
maybe the state of modern cinema in general has declined to an irreparable state
or maybe this is the inevitable result of continually reducing the importance and funding of art in culture and schools
So, where else to go to get my cinematic fix? Luckily, as I mentioned before, we are spoiled for choice in Oxford with three brilliant cinemas within about 40 minutes walk of one another. Westgate’s Curzon has filled the Odeons’ shoes with a steady mix of modern crowd-pleasers – indeed, screen two was the stage for my viewing of A Minecraft Movie on opening day – as well as more independent and international features
Most screens have plenty of seats and legroom going spare
and their foyer/café spans two levels while maintaining a cozy atmosphere.
Jericho’s Phoenix Picturehouse covers much the same ground as our Curzon, with perhaps slightly more focus on curating seasons either to celebrate certain prolific directors’ bodies of work – such as the current Wes Anderson screenings in anticipation of The Phoenician Scheme or their tribute to the late icon David Lynch – or to ‘reDiscover’ classics
this season’s programme centering New Hollywood
The two screens and small foyer may not seem like much
but the careful curation of both cinematic and confectionary delights never disappoints
I feel no article on the cinemas of Oxford would truly be complete without at least brief mention of Peter Kessler’s Movie Mondays at Magdalen College
while both Oxford Odeons closing within two years could be seen as a small indication of the western world’s increasing apathy towards arts and culture
all hope is not entirely lost for our city’s individual cinematic culture
An application to revive the abandoned Odeon on Magdalen Street was lodged in February
Though perhaps the Odeon will remain the cinemas Oxford deserves
March 2025 data reveals the US is poised to experience a significant decline in inbound travel this year
pushing the full recovery of international arrivals to 2029
international perceptions of the US have taken a hit—at a time when we had expected to build on post-pandemic momentum
Official data releases for March 2025 show international travel to the US in decline
The drops are attributable to the global fallout from the intensified “America First” stance
although later Easter timing also contributed
The March data reflect foreign visitor patterns before the April 2 “Liberation Day” tariff announcement
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Skull’s ‘shameful history’ charted in new book exploring colonial theft of ancestral remains
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Oxford University academics used a chalice made from a human skull – potentially belonging to an enslaved Caribbean woman – at formal dinners until as recently as 2015
created from a sawn-off skull adorned with a silver rim and stand
was used for decades as a drinking cup in the senior common room at Worcester College
curator of world archaeology at the university’s Pitt Rivers Museum
It was eventually repurposed to serve chocolates instead of wine after it began to leak
The item’s “shameful history” is detailed in his forthcoming book Every Monument Will Fall, which explores the colonial origins of contemporary conflicts and the theft of ancestral human remains
The ritual at Worcester College was phased out in response to mounting dismay among fellows and guests
and in 2019 the college invited Prof Hicks to investigate the chalice’s origins
Labour MP Bell Ribeiro-Addy, who chairs a cross-party parliamentary group on Afrikan reparations
told the outlet: “It is sickening to think of Oxford dons
itself enriched by the proceeds of centuries of colonial violence and extraction
swilling drink out of a human skull that may have belonged to an enslaved person and has been so little valued that it has been turned into an object.”
Noting that the identities of colonial victims were often erased from history as a result of racist ideas about British and white supremacy
with this forming “part of the dehumanisation and violence”
Prof Hicks said he had been unable to find any record of who the skull belonged to
But carbon dating showed the skull was around 225 years old
and its size and circumstantial evidence suggest it came from the Caribbean and may have belonged to an enslaved woman
Worcester College insists the latter suggestion “cannot be substantiated”
the chalice’s ownership was thoroughly documented – with alterations to the item providing an example “of how the legacies of empire persist”
Silver hallmarks suggest the skull was made into a chalice in the City of London in 1838
the year of Queen Victoria’s coronation and of the emancipation of enslaved people in British colonies
It was sold at auction in 1884 by Bernhard Smith, an Oxford graduate who collected weaponry and armour. Prof Hicks believes that Smith may have been gifted the chalice by his father, who served in the Caribbean as a Royal Navy commander at the time of the abolition of the slave trade in the British empire
The chalice was purchased – for five pounds and five shillings – by the Victorian soldier and archaeologist Augustus Pitt Rivers
who founded the Oxford museum bearing his name in 1884
The Sotheby’s auction listing showed it had a wooden stand inlaid with a Queen Victoria shilling and a Greek inscription carved into the bone
and the broken wooden stand has been replaced with a silver one
The chalice was finally donated to Oxford in 1946 by the archaeologist’s grandson
in what Prof Hicks described as one of his first acts after being released from his internment during the Second World War as a Nazi sympathiser and follower of the British fascist Oswald Mosley
The younger Pitt-Rivers inscribed his name on the chalice’s rim
echoing that of his grandfather which is carved above the entrance to the Oxford-based museum at which Prof Hicks works
As well as seeking to “give some degree of humanity” to the woman to whom the skull belonged by piecing together her story, Prof Hicks said the overall aim of the book is to ask whether “this is anomaly, or whether there is a wider conversation we need to have about human and ancestral remains in our museums and universities”
Prof Hicks is backing a fresh call from MPs to ban the sale of ancestral remains and prohibit their display in museums.
An Oxford University spokesperson said: “Worcester College can confirm that it is in possession of a vessel which is made from part of a human skull of unknown origin.
“The item was given to the college in 1946 by a former student, George Pitt-Rivers (1890-1966). In the 20th century, the vessel was sometimes on display with the college’s silver collection and used as tableware. The college does not hold records of how often this was the case, but it was severely limited after 2011, and the vessel was completely removed 10 years ago.
“The college’s governing body sought expert scientific and legal advice to address whether the item should be retained, and if not, how it should be disposed of appropriately. DNA testing was unable to identify the geographic or ethnic origin of the skull, and as such the suggestion that the skull is that of an enslaved woman from the Caribbean cannot be substantiated.
“As a result of this advice, the college resolved that the item should be stored in the college archives in a respectful manner, where access to it is permanently denied. As Dr Hicks acknowledges in his book, the college has dealt with the issue ethically and thoughtfully.”
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OTTAWA — Liberal Leader Mark Carney has been accused of taking other people’s ideas as his own in the federal election campaign
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The National Post obtained a copy of Carney’s 1995 thesis for his doctorate in economics from Oxford University titled “The Dynamic Advantage of Competition.” It shows 10 instances of apparent plagiarism
according to the judgment of three university academics who reviewed the material
or slightly modified quotes from four previous works without proper acknowledgement or attribution
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“He’s just directly repeating without quotations
That’s what we call plagiarism,” said Geoffrey Sigalet
an assistant professor and member of UBC Okanagan president’s advisory committee on student discipline
which handles plagiarism cases for the university
The National Post provided the 10 examples to Carney’s campaign team
He was sworn in as prime minister on March 14
and is currently running in an election that will be held April 28
Carney’s campaign at first provided a statement from his doctoral supervisor at Oxford University
“I believe you are mischaracterizing this work
I see no evidence of plagiarism in the thesis you cited nor any unusual academic practices,” said American economist Margaret Meyer
Official Fellow of Economics at Nuffield College
“Mark’s thesis was evaluated and approved by a faculty committee that saw his work for what it is: an impressive and thoroughly researched analysis that set him apart from his peers,” added Meyer
When you have something lifted verbatim from a source
in there without quotation marks or citation..
A professor who is also a graduate from Oxford University
speaking on background out of fear of being sued by Carney
agreed that the problematic passages in the Liberal leader’s thesis would fall within the plagiarism definition
“Oxford’s guidelines are not atypical from other universities,” he said
“When you have something lifted verbatim from a source
in there without quotation marks or citation… that constitutes plagiarism,” added the professor
Oxford University administrators were also provided the 10 examples of apparent plagiarism but did not respond to a request for comment by deadline
called the allegations of plagiarism an “irresponsible mischaracterization” of Carney’s work
While Carney refers extensively in his thesis to Michael E
Porter’s 1990 book “The Competitive Advantage of Nations,” he duplicates parts of Porter’s work and presents several sentences — sometimes with minor tweaks to the wording — as his own
In one paragraph on page 206 of Carney’s thesis
government intervention can impede international competition and artificially support domestic profits.”
in an industry or an economy where many firms are following harvesting strategies
firms may maintain profitability even though they are losing competitiveness.”
Those are virtually the exact sentences that can be found in Porter’s book on page 797 — except Carney added the extra determiner “an” and the adverb “even.” He did not use quotation marks or add a footnote to reference Porter’s work anywhere in the entire paragraph
said “it is typical that overlapping language appears” when sources are “frequently referenced in an academic text.”
over the course of this more than 300-page thesis
the Michael Porter book… is cited dozens of times
“The fact that he could get to grips with much more material than most students typically do in a shorter time and produce a longer thesis pretty much set him apart,” she told CBC
Other examples of apparent plagiarism include a slight rewording of someone else’s sentence
Carney wrote: “There are three reasons why domestic profitability is not a good indicator of true international competitive advantage.” He did not cite his source
The original sentence in Porter’s book was as follows: “Domestic profitability is not a good indication of true international competitive advantage for three important reasons.”
Sigalet said the above example might be considered by some as more of a “grey area,” but it would still constitute plagiarism according to Oxford standards
we would consider it patchworking if it did not have the direct citation next to it
Carney virtually duplicates an excerpt from Jeremy C
Stein’s 1989 article “Efficient Capital Markets
Inefficient Firms: A Model of Myopic Corporate Behavior” published in The Quarterly Journal of Economics
Carney did not attribute the passage to Stein
While Stein writes in his article: “In a steady state signal-jamming equilibrium
managers will borrow a constant amount each period from the next period’s earnings
and the market will correctly anticipate this borrowing.”
Carney made it slightly shorter: “In the steady state equilibrium
the managers will borrow a constant amount each period
In developing a model to illustrate how domestic rivalry can promote a “dynamically-efficient” corporate strategy
Shin’s 1994 article in the RAND Journal of Economics
Shin wrote: “The setting for the game is a pure exchange economy with a finite number of states.”
Carney wrote: “The setting for the game is a pure exchange economy with a continuous number of states.” He did not cite his source
Carney duplicates another author’s sentences with minor changes by replacing “for example” with “e.g.” or changing one or a few words word
“be” to “become,” or “likelihood” to “probability.”
Carney wrote the following on page 190 of his thesis: “This argument assumes that shareholders are imperfectly informed and that temporarily low earnings may cause the stock to be undervalued increasing the probability of a takeover at an unfavourable price.”
in an article for the Journal of Political Economy
wrote seven years earlier: “If stockholders are imperfectly informed
temporarily low earnings may cause the stock to become undervalued
increasing the likelihood of a takeover at an unfavorable price.”
Carney did not add proper citation to indicate that he lifted the author’s words
But Carney did include a footnote to Stein’s work in a subsequent sentence in which he raised a different point
The academics interviewed for this article dismissed the idea that Carney would have lacked the proper knowledge to properly attribute his sources at a PhD level
the examples mentioned in this article do not pertain to one single section of his thesis
“It seems like it’s all over the dissertation
“Cases will be investigated and penalties may range from deduction of marks to expulsion from the University
depending on the seriousness of the occurrence
it can result in a penalty,” reads the website
But social status hasn’t stopped universities from revoking degrees
many European ministers have had to resign following allegations that some of their university work was plagiarized or after having been stripped of some of their academic credentials
Claudine Gay resigned as president of Harvard University amid allegations of plagiarism but also after facing a heated congressional hearing over antisemitism on her campus
She denied that she plagiarized in her articles
“Domestic profitability is not a good indication of true international competitive advantage for three important reasons.” — Michael E
“There are three reasons why domestic profitability is not a good indicator of true international competitive advantage.” — Mark Carney’s thesis
government intervention can impede international competition and artificially support domestic profits.” — Porter
government intervention can impede international competition and artificially support domestic profits.” — Carney thesis
in an industry or economy where many firms are following harvesting strategies
firms may maintain profitability though they are losing competitiveness
differences in accounting standards in preparing financial statements make cross-national comparisons in profitability problematic
as does the lack of systematic data in many countries.” — Porter
firms may maintain profitability even though they are losing competitiveness
differences in accounting standards and the lack of systematic data prevent international comparisons.” — Carney thesis
“Social norms and values affect the nature of home demand…” — Porter
social norms and values affect the nature of home demand.” — Carney thesis
“Related industries are those where firms can share activities in the value chain across industries (for example
technology development) or transfer proprietary skills from one industry to another.” — Porter
“The former are industries which share activities in the value chain across industries (e.g.
distribution channels or technology development) or transfer proprietary skills between them.” — Carney thesis
increasing the likelihood of a takeover at an unfavorable price…” — Jeremy Stein
“Takeover Threats and Managerial Myopia,” Journal of Political Economy
“This argument assumes that shareholders are imperfectly informed and that temporarily low earnings may cause the stock to be undervalued increasing the probability of a takeover at an unfavourable price.” — Carney thesis
“Maximizing the present value of their income will be equivalent to maximizing the following utility at each time t” — Jeremy C
Inefficient Firms: A Model of Myopic Corporate Behavior
“Maximising the present value of their income will be the same as maximising the following utility function at each time t” — Carney thesis
“Earnings more than one period into the future can be ignored
as current decisions have no effect on such earnings.” — Stein
“Our simple characterisation of the effects of harvesting means that earnings more than one period in the future can be ignored since current decisions have no effect on these earnings.” — Carney thesis
“In a steady state signal-jamming equilibrium
and the market will correctly anticipate this borrowing
and the market will correctly anticipate this borrowing.” — Carney thesis
“The setting for the game is a pure exchange economy with a finite number of states.” — H.S
“News Management and the Value of Firms,” The RAND Journal of Economics
“The setting for the game is a pure exchange economy with a continuous number of states.” — Carney thesis
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Researchers from the University of Oxford’s Department of Earth Sciences have helped to reveal the inner workings of Bolivia’s “zombie” volcano, Uturuncu. By combining seismology, physics models and analysis of rock composition, they identified the causes of Uturuncu’s unrest, alleviating fears of an imminent eruption. The findings have been published in the journal PNAS
Bolivia’s “zombie” volcano -so called because despite being technically dead (last erupting 250 thousand years ago)
This unrest manifests itself in a “sombrero” pattern of deformation
with the land in the centre of the volcanic system rising up
I am very pleased to be involved in this truly international collaboration
Our results show how linked geophysical and geological methods can be used to better understand volcanoes
and the hazards and potential resources they present
Professor Mike Kendall, Department of Earth Sciences
it is vitally important to assess the potential start and severity of an eruption from Uturuncu
which could cause widespread damage and threat to life
up to now there was no explanation for the continued volcanic unrest
Scientists believed that the key to understanding this was to visualise the way that magma and gases move around underneath the volcano
a collaboration between the University of Oxford
the University of Science and Technology of China
used signals detected from more than 1,700 earthquake events to perform high-resolution imaging of the plumbing system in the shallow crust beneath Uturuncu
the “zombie”-like unrest of Uturuncu is due to the movement of liquid and gas beneath the crater
with a low likelihood of an imminent eruption
Volcanic plumbing systems are a complex mixture of fluids and gases in magmatic reservoirs and hydrothermal systems
Previous studies have shown that Uturuncu sits above the world’s largest known magma body in the Earth’s crust
and that an active hydrothermal system connects this body and the surface
But it was unknown how fluids may be moving through this underground system
This detailed analysis picked out possible upward migration pathways of geothermally heated fluids and showed how liquids and gases accumulate in reservoirs directly below the volcano’s crater
The research team believe that this is the most likely cause for the deformation in the centre of the volcanic system
and that the risk of a real eruption is low
Co-author Professor Mike Kendall (Department of Earth Sciences
University of Oxford) said: ‘I am very pleased to be involved in this truly international collaboration
and the hazards and potential resources they present.’
The research team hope that similar studies using the joint analysis of seismological and petrological properties can be used to view the anatomy of other volcanic systems in the future
The study ‘Anatomy of magmatic hydrothermal system beneath Uturuncu volcano, Bolivia, by joint seismological and petrophysical analysis’ has been published in the journal PNAS
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rhubarb and custard-coloured tower bedecked with anteaters and moles make a fun neighbour to the city’s dreaming spires
The Oxford university building inspired by Tolkien … and the pandemicThis article is more than 1 month oldA chubby
the anteater taking its place on this skyline of slender steeples and gurning gargoyles
up there at the summit of the newest – and strangest – spire of them all
‘How do you mark Covid in a building?’” says David Kohn
architect of this curious addition to the campus of New College
“We were developing the designs in the middle of the pandemic
when pangolins had been in the limelight for all the wrong reasons.”
Near the pangolin, at the top of this striped stone campanile, cling other carved fauna. There’s an octopus, a moth and a golden mole
joining a menagerie of creatures peering from the parapets below
“Carvings of animals on buildings used to represent colonial expansion and the novelty of discovery,” says Kohn
those same animals and territories are under huge pressure.”
View image in fullscreenClinging on … a pangolin carved by stone mason Fergus Wessel
Photograph: Will PryceCurving its way between a trio of existing Edwardian villas
on a leafy site at the southern fringes of suburban north Oxford
the student flats are a sinuous stone snake of a thing
The curvaceous horseshoe-shaped block wraps around mature trees
topped with an undulating roof of metal tiles
The eaves billow and bulge as they writhe across the site
where the fluted tower rises 21 metres to a curlicued crown
With its rhubarb and custard-coloured stonework
“It has been a bit of a Marmite building,” admits the warden of New College
a former ad man who used to head up the global branding giant
where carved devils stare down from the ceiling
and stone gargoyles leer from the chapel outside
a seminal project of the Soviet avant garde
He refers to an essay by Nikolaus Pevsner, written in the 1960s, on “picturesque planning”
in which the historian uses Oxford to illustrate how buildings can animate the streetscape
Kohn was a brave choice for the 646-year-old New College. At the time of the design competition in 2015 – when he was pitted against the likes of Japanese star Kengo Kuma and several established British firms – he had barely built a thing
he has carved out a niche as one of the more distinctive voices in the often beige British architecture scene
In a rare moment of enthusiasm for novelty
its officers declared that Kohn’s design would “bring joy to all those who experienced it”
Oxford’s design review panel even encouraged the architect to make his tower taller
adding to the rhythm created by those of Harris Manchester and Mansfield colleges along the street
View image in fullscreenEchoes of Middle-earth … the rollercoaster roofline
Photograph: Will PryceClinching the competition
Kohn flatteringly drew on New College’s history of “firsts” in his proposal
The venerable institution lays claim to the first purpose-built quad
conceived by its founder William of Wykeham in 1379
its crenelated parapet marking a firm boundary between town and gown
It also boasts the first open-sided courtyard
“I became fascinated by the glacial pace of how the college evolves,” says Kohn
“They build a big project every couple of hundred years
and each phase represents a kind of opening up to the city
gradually embracing the outside world.” His contribution to the half millennium of innovation
Oxford’s first ever curved quad – and the first to channel Tolkien and Gaudí
Entering through the jaunty arched gateway of the porters’ lodge, shaped like a Japanese moon bridge, you find yourself in a world that has the cartoonish, fairytale air of a Miyazaki film
with huge picture windows drifting unevenly across the facades
and mansards and portholes poking through the eaves
spiral staircases lead to curved corridors of en suite bedrooms and big shared kitchens
The top floor rooms enjoy mezzanine bed platforms
while ceilings sprayed with fluffy acoustic insulation add to the hallucinatory sense that you might have been swallowed into the belly of a cuddly toy
The students seem delighted with their weird new digs
praising the bright shared study space downstairs and the performance venue buried in the basement
Another sweeping staircase leads to an underground domed rotunda
where mustard yellow walls frame the entrance to a recital hall
designed with theatre experts Charcoalblue
another playful allusion to the medieval quad
View image in fullscreenThe students are delighted … a shared kitchen
Photograph: Will PryceFacilities for the adjoining prep school are equally theatrical
with an assembly hall housed in the bulging roof
where the soffit plunges down towards the stage
It is fittingly built on the site of the hall where Tolkien first permitted the Hobbit to be performed as a musical in the 1960s
perhaps explaining why the whole place has echoes of Middle-earth
If the project has a weakness, it is that the stagey formal gestures sometimes trump functionality. The tower makes a striking marker for the college, and it provides a distinctive home for the Gradel Institute of Charity
after the alumnus-donor hedge fund manager
with the rest of the trefoil-shaped plan taken up by a staircase and lift
The quality of the stonework – by Grants of Shoreditch in London
with carvings by Fergus Wessel – is impeccable
But the interiors betray the design-and-build nature of the construction contract
with clunky handrails and odd junctions giving off a cheaper air than you would expect from the budget
The roof is also clumsy: its reptilian metal plates shimmer from a distance but
The jarring look of Gaudí-by-algorithm is the result of a design change during construction
when the planned concrete roof was switched to a timber structure – an admirable carbon-saving effort
but one that came with unintended consequences
these are small niggles for a project that should otherwise stand the test of time
It is a gutsy contribution to the college that gleefully pushes the limits of its founder’s motto: “Manners makyth man.”
New outlet due to welcome shoppers on Thursday regarded as key to helping revive famous London thoroughfare
The UK boss of Ikea has backed calls to pedestrianise Oxford Street as the world’s largest furniture retailer finally opens its delayed store in London’s prime shopping destination
Sitting in one of the mini-room sets designed to show off Ikea’s range of furnishings at the new store, Peter Jekelby, the chief executive of Ikea’s UK business, said he thought a plan to pedestrianise Oxford Street, backed by London’s mayor, Sadiq Khan
would be “good for the street” and “make it easier to move around”
Khan said the Ikea store was “a huge vote of confidence in London
in our economy and in our plans to rejuvenate Oxford Street” and that attracting new companies would help “create new jobs and increase footfall”
He said the “bold proposals” to pedestrianise Oxford Street were subject to consultation that closes on 2 May “so I encourage everyone to have their say”
View image in fullscreenThe exterior of the new Ikea store on the former Topshop site
Photograph: Graeme Robertson/The GuardianJekelby added that Ikea
which will employ more than 100 people in its new London store
was committed to opening more outlets in the UK
with plans for a major new site in Brighton this summer and smaller outlets in Norwich
“There are still places and space that we could be present in.” He said Ikea was “about affordability” and so could thrive even in a time of “thinner wallets”
He called on the UK government to foster stability in the UK market and not to overwhelm retailers with additional costs – after an increase in employer national insurance charges
Jekelby said that business rates needed a rethink so they were “more fit for purpose” and did not “penalise certain ways of shopping” – as currently those who operate stores face higher costs from the property-based tax than rivals who operate solely online
View image in fullscreenThe store will display about 6,000 products
Photograph: Graeme Robertson/The GuardianThe bright and colourful – and largely underground – Oxford Street outlet includes a 130-seat Swedish deli
a live events space and one-to-one design services for kitchens
The space is also brightened by huge animated displays of woodland scenes
buzzing bees and a wide variety of Londoners who talk about their home design choices – some of which are recreated in the store
ranging from “Billy” bookcases to drinking glasses
and about 3,500 of those items will be available to take away on the spot
The store’s opening is regarded by some as key to hopes for a revival of Oxford Street, which has gradually been rejuvenated after a slump in visitor numbers during the Covid pandemic, after which a number of sites sat vacant while a plethora of cheap American candy shops moved in
The seven-storey former Topshop building is also home to Nike Town
which is taking more space in some of the upper floors
an outlet for beauty specialist Space NK as well as office space
University of Oxford researchers have helped overturn the popular theory that water on Earth originated from asteroids bombarding its surface. Instead, the material which built our planet was far richer in hydrogen than previously thought. The findings have been published today in the journal Icarus
A team of researchers at the University of Oxford have uncovered crucial evidence for the origin of water on Earth
which has a composition analogous to that of the early Earth (4.55 billion years ago)
they have found a source of hydrogen which would have been critical for the formation of water molecules
they demonstrated that the hydrogen present in this material was intrinsic
This suggests that the material which our planet was built from was far richer in hydrogen than previously thought
The research team analysed the elemental composition of a meteorite known as LAR 12252
They used an elemental analysis technique called X-Ray Absorption Near Edge Structure (XANES) spectroscopy* at the Diamond Light Source synchrotron at Harwell
A previous study led by a French team had originally identified traces of hydrogen within the meteorite inside organic materials and non-crystalline parts of the chondrules (millimetre-sized spherical objects within the meteorite)
the remainder was unaccounted for – meaning it was unclear whether the hydrogen was native or due to terrestrial contamination
The Oxford team suspected that significant amounts of the hydrogen may be attached to the meteorite’s abundant sulphur
they shone a powerful beam of X-rays onto the meteorite’s structure to search for sulphur-bearing compounds
in other parts of the meteorite that had cracks and signs of obvious terrestrial contamination (such as rust)
This makes it highly unlikely that the hydrogen sulphide compounds detected by the team originated from an Earthly source
Since the proto-Earth was made of material similar to enstatite chondrites
this suggests that by the time the forming planet had become large enough to be struck by asteroids
it would have amassed enough reserves of hydrogen to explain Earth’s present-day water abundance
Tom Barrett
DPhil student in the Department of Earth Sciences at the University of Oxford
said: “We were incredibly excited when the analysis told us the sample contained hydrogen sulphide – just not where we expected
Because the likelihood of this hydrogen sulphide originating from terrestrial contamination is very low
this research provides vital evidence to support the theory that water on Earth is native - that it is a natural outcome of what our planet is made of.”
The study ‘The source of hydrogen in earth's building blocks’ has been published in the journal Icarus
* X-ray Absorption Near Edge Structure (XANES) spectroscopy is a technique that is used to identify what elements are in a material and what their chemical state is
causing the atoms to absorb energy in a way that depends on what the element is
Swedish furniture retailer’s arrival is seen as crucial to hopes of reviving the London shopping street
Ikea will be bringing its mix of meatballs, lampshades and kitchen planning to London’s Oxford Street from 1 May, when the world’s largest furniture retailer finally opens its store 18 months late
would house a 130-seat Swedish deli and showrooms
as well as offering one-to-one design consultations
The store will display about 6,000 Ikea products
ranging from Billy bookcases to drinking glasses
and about 3,500 of those will be available to take away on the spot
said the store was part of the retailer’s efforts to get closer to where its customers live
and we are thrilled to now have a home in its centre,” he said
“We have worked carefully to ensure we maintain the character of this historic building while creating a modern retail environment for customers to explore and be inspired.”
The store’s opening is seen as key to hopes for a revival of Oxford Street, which has gradually been rejuvenated after a slump in visitor numbers during the Covid pandemic, after which a number of sites sat vacant while a plethora of cheap American candy shops moved in
Amid a debate over whether the street should be pedestrianised
new stores on their way include a second Mango flagship and the gym operator Third Space as part of The Elephant
a £132m redevelopment of the former House of Fraser store
The beauty retailer Space NK is to open alongside Ikea in part of the former Topshop
The upper floors of the building will be rented out as office space
Ikea’s parent group bought the site, once the jewel in Philip Green’s retail empire
but renovations have been dogged by complications
The Swedish retailer said it had installed new insulation and a heat pump
and dealt with water ingress problems in the basement floors
The shop will employ 150 people after receiving 3,730 applications in just five days – a record for the retailer – when recruitment opened earlier this year
Decades-long use of chalice at Worcester College highlights violent colonial history of looted human remains
Oxford academics drank from a chalice made from a human skull for decades
a book that explores the violent colonial history of looted human remains has revealed
The skull-cup, fashioned from a sawn-off and polished braincase adorned with a silver rim and stand, was used regularly at formal dinners at Worcester College, Oxford, until 2015, according to Prof Dan Hicks, the curator of world archaeology at the university’s Pitt Rivers Museum
Hicks, whose forthcoming book, Every Monument Will Fall
traces the “shameful history of the skull”
said the cup was also used to serve chocolates after it began to leak wine
The archaeologist said mounting disquiet among fellows and guests put an end to the senior common room ritual and
the college invited Hicks to investigate the skull’s origins
and how it became what he calls “some sick variety of tableware”
Hicks said debates about the legacy of colonialism usually focused on how the prominent Britons who profited from it, such as Cecil Rhodes or Edward Colston
objects or institutions bearing their names
But he wanted to show how the identities of the victims of colonial rule had often been erased from history because
due to racist ideas of British cultural and white supremacy
“The dehumanisation and destruction of identities was part of the violence,” the archaeologist added
Hicks found no record of the person whose remains the skull-cup was made from
although carbon dating showed the skull is about 225 years old
Its size and circumstantial evidence suggest it came from the Caribbean and possibly belonged to an enslaved woman
the chalice’s British owners were well-documented
The cup was donated to Worcester College in 1946 by a former student
he was interned by the British government during the second world war due to his support for the fascist leader Oswald Mosley
The cup was part of the lesser-known private second collection of his grandfather
the Victorian British soldier and archaeologist Augustus Henry Lane Fox Pitt Rivers
who founded the Pitt Rivers Museum in 1884
The elder Pitt Rivers bought the skull-cup at a Sotheby’s auction that same year
The listing shows it then had a wooden stand with a Queen Victoria shilling inlaid underneath
Silver hallmarks indicate it was made in 1838
Hicks speculated that he received it as a gift from his father
who served with the Royal Navy in the Caribbean
The Labour MP Bell Ribeiro-Addy, chair of the all-party parliamentary group on Afrikan reparations
said: “It is sickening to think of Oxford dons
A Worcester College spokesperson said: “In the 20th century
the vessel was sometimes on display with the college’s silver collection and used as tableware
The college does not hold records of how often this was the case
but it was severely limited after 2011 and the vessel was completely removed 10 years ago
the college’s governing body decided the skull-cup should be stored in its archive “in a respectful manner
the college has dealt with the issue ethically and thoughtfully.”
The book also details other skulls looted from colonial battlefields by prominent Victorians, which were displayed in their homes or donated to museums. These include Field Marshal Lord Grenfell, after whom the tower in Kensington is named
who dug up the skull of a Zulu commander two years after he was killed by the British army in the battle of Ulundi in 1879.