Cancelling London 2012 Olympics would cost $5bn, warns insurer Munich Re - Daily Telegraph
The bill would cover the costs incurred and revenues lost by companies such as advertisers and media companies, according to reinsurer Munich Re. Other forms of cover, including employers and public liability insurance, would add to the industry's losses. However, policies will not cover cancellation or disruption caused by transport chaos in London.
Video: London police give tour of infamous marijuana grow-op - Metronews.ca
London Police have posted a video on their YouTube channel giving viewers a behind-the-scenes look into one of the largest known marijuana grow operations in the city’s history.
The house used in the video is 166 Ambleside Dr. On May 25, police seized 1,000 marijuana plants — with a street value of over $1 million — and $5,000 worth of equipment from the north London house.
The video, entitled “Indoor Commercial Marijuana grow operation May 2012,” is over 12 minutes long. It’s purpose, according to police spokesperson Const. Dennis Rivest, is to educate homeowners of potential nearby operations so they don’t suffer as well.
“When a house is seized, the house will either be turned over for auction or given back to the owner if they’re acquitted,” Rivest said. “However, in between that time the house is condemned and (the neighbourhood’s) standard house value plummets.”
At the four-minute mark, a room filled with hundreds of plants is shown.
Rivest adds there’s also some serious health hazards associated with indoor marijuana grow-ops.
“With the hydro by-pass and the amount of water required to run the operations, there’s a huge potential for fire,” Rivest said. “The chemicals that are being used are dangerous to children, too.”
Local police are making a conscious effort to become more interactive with the online community. In the future, Rivest says they’ll be posting YouTube videos pertaining to cyber crime, fraud, and other hot topics.
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