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Saturday, October 29

Brussels is stifling City of London, Cameron claims

 

David Cameron signalled new European battles ahead as he pledged to resist alleged attempts by Brussels to shackle the City of London in red tape. The Prime Minister echoed claims that the emergence of a two-tier Europe following the financial crisis could result in a wave of EU directives that would harm the Square Mile. The Government has said it is determined to prevent the 17 members of the eurozone acting as a bloc to thwart the interests of the 10 EU states, including Britain, that have retained their own currencies.

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Qantas grounds all flights

 

Australia’s Qantas Airways grounded its entire fleet on Saturday over a bitter labour dispute in an unprecedented move that prompted the government to warn it feared for the airline’s future and would seek action to end the dispute. EDITOR’S CHOICE Strikes cost A$15m-a week in lost sales - Oct-28 US airlines earnings hit by fuel costs - Oct-27 Lufthansa scales back passenger forecasts - Oct-27 Virgin eyes tie-up with Etihad on BMI - Oct-14 Qantas overhauls lossmaking international operations - Aug-16 Qantas said it would lock out all employees from Monday night in a dispute affecting 70,000 passengers and 600 flights on one of the country’s biggest travel weekends. The grounding does not affect Qantas’ budget airline Jetstar or code-share flights on other airlines. Passengers will get a full refund for flights cancelled due to the industrial action, Qantas said on its website. Customers can also rebook their flights for a later date. The announcement took passengers and the government by surprise, embarrassing Prime Minister Julia Gillard who was hosting a Commonwealth leaders summit in Perth. Some of those leaders are booked to fly home on Sunday with Qantas. Unions, from pilots to caterers, have taken strike action since September over pay and opposing Qantas plans to cut its soaring costs, as it looks at setting up two new airlines in Asia and cutting back financially draining long-haul flights. “They are trashing our strategy and our brand. They are deliberately destabilising the company. Customers are now fleeing from us,” Qantas Chief Executive Alan Joyce said.

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Tuesday, October 25

Rupert Murdoch: News Corp's great dictator on the brink

 

Several major News Corp shareholders have rebelled against Rupert Murdoch's hold on his media empire by voting against his re-election as chairman. Photograph: Sipa Press/Rex Features Under normal circumstances, Rupert Murdoch doesn't have much patience for the annual shareholders' meetings that are required by law of American public companies. He regards them as a farce, because they cannot change the outcome in a company where a voting majority is secure, and as an exercise in liberal corporate law designed to put him personally on the spot. Still, his handlers, whose job is, in part, to protect him from himself, have long made him train for these meetings as though he's going into a presidential debate. Without rigorous practice, he is quite liable to not pay attention and appear quite bewildered, or pay too much attention and explode in fury, or worse, truthful exasperation. "He's going to keep asking me why there are no women on the board," Murdoch once told me as his PR aide, Gary Ginsberg, was trying to cajole him into a practice session. "He wants to make sure I don't say, 'because they talk too much.'" The fine line at News Corp has always been between Murdoch's almost deadset insistence that he be able to treat the company as his private preserve, and his handlers' (lawyers, CFOs, press people) more straightforward understanding that it is, in fact, a public company. On this basic issue, push could not have come more to shove than at Friday's meeting. The fundamental sham of a public company – one run first and foremost by and for the Murdoch family, and countenanced by one of the famous quiescent corporate boards in American business – was being challenged by long-oppressed but newly galvanised shareholders. It was a recognisable Murdoch in the midst of it all – as combative, determined, up against it and past his prime as the year's other fallen dictators. His hearing is shot and he won't admit it; thus he somehow seems to answer off-point (his handlers are not allowed to mention his hearing issues, but there is a lot of prepping so that he can anticipate the questions). His mind wanders and he has to forcibly refocus; hence his pauses. But he remains sharp as a tack when he feels impatient or personally under fire. Stephen Mayne, his long-time Australian gadfly antagonist, played his part, and Murdoch seemed almost relieved to play his. They've been doing this for years. Of course, there was Tom Watson, the British MP, whom Murdoch seemed to tolerate – if just barely – as an obvious publicity-seeker. And the various others whom he surely believed he had effectively dismissed, both by his own tartness and by closing down the meeting early. In some sense, it rather seemed that Murdoch just regarded this as shareholders – those dumb sons-of-bitches – doing what shareholders always do: complain into the wind. Just a little more so, with a little more security, with the company having to retreat to a fortified room behind the Fox gates (rather than the usual junky theater in mid-town Manhattan where they ordinarily conduct the meeting) – and with Murdoch himself having to offer a bit more self-justification than he might be used to.  

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James Murdoch's future is hanging in the balance after News Corp's shareholders lodged a massive protest vote

Phone hacking claims
. Photograph: David Cheskin/PA

James Murdoch's future at News Corporation looks increasingly precarious as shareholders delivered a damning verdict on his tenure amid widespread criticism of his handling of the hacking scandal.

Following a contentious meeting in Los Angeles last week News Corporation shareholders lodged a massive protest vote against James and his brother Lachlan Murdoch.

A majority of independent shareholders voted against the re-election of chairman Rupert Murdoch's sons James and Lachlan Murdoch. James Murdoch received the largest vote against his re-election at 35%.

James, 38, faces a second grilling in the Parliament next month over phone-hacking at The News of The World, one of News Corp's UKnewspapers. Some 34% of shareholders voted against Lachlan Murdoch 40.

After subtracting the shares controlled by Rupert Murdoch, 67% of the votes went against James Murdoch and 64% against Lachlan, said Julie Tanner, assistant director of News Corp investor Christian Brothers Investment Services (CBIS), who last week called for Rupert Murdoch to step down as chairman after the "extraordinary scandals" at the company. "Shareholders are saying loud and clear that this board has failed as a group," she said.

Rupert Murdoch, chairman and chief executive officer, proved far more popular with investors, receiving 86% of votes, although a sizeable number of shareholders, representing 12 million votes, abstained.

The votes are a particular embarrassment as Murdoch went into the meeting with at least 47% of voting shares on his side, thanks to the family's control of the company's voting shares and the support of their largest outside shareholder, Saudi Prince Alwaleed Bin Talal.

Thanks to the Murdoch's controlling share interest the company defeated attempts to throw the Murdochs and others off the board from major shareholders including the giant Californian pension funds CalPERS and CalSTRS, the Church of England and Hermes, the BT pension fund.

A combative Murdoch faced hostile shareholders at the company's meeting in Los Angeles on Friday and said News Corp was dealing with the situation. While he acknowledged the seriousness of the hacking scandal Murdoch described attacks on News Corp as "unfair" and said the company was the "stuff of legend."

Shareholder critics called for the Murdochs to step down at the meeting and criticised the pay deals of the company's top executives.

The firm delayed releasing the results of the ballot until late Monday. Father Seamus Finn of the Interfaith Center on Corporate Responsibility, who attended the meeting, said: "The vote clearly demonstrates a profound lack of confidence in this company's leadership."

Earlier Les Hinton, former chairman of News International, which runs the company's UK newspapers, had defended James Murdoch saying he saw no reason why he should resign his position.

Michael Wolff, Murdoch biographer and author of The Man Who Owns the News, said it was now inevitable that James Murdoch would leave.

"James will probably go by himself, that's what everybody will be waiting for. I wonder too if Lachlan will step off the board. But could this drag on for another year? Yes."

Wolff said the size of the vote against Murdoch's son had created "a very difficult family moment."

Chief operating officer Chase Carey received strong support from the company's shareholders, garnering 91% of the votes cast. Former New York city school Chancellor Joel Klein collected 96% of the votes cast.

Natalie Bancroft, scion of the family that sold Dow Jones to News Corp, also received a huge vote against, as shareholders called for greater independence on the News Corp board.

Tanner said the votes against the Murdoch sons and Bancroft showed shareholders were serious about wanting more independence at News Corp. "The overwhelming influence of the Murdoch family is not acceptable anymore," she said.

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EU referendum vote reaction

 

Backbenchers have warned that David Cameron will face further rebellions unless he takes a tough line in EU treaty negotiations.: For the record, here is the Press Association's full list of MPs who voted for the motion calling for a referendum on Britain's relationship with the EU. Conservatives • 79 Conservatives voted for the motion. They were: Stuart Andrew (Pudsey), Steven Baker (Wycombe), John Baron (Basildon & Billericay), Andrew Bingham (High Peak), Brian Binley (Northampton South), Bob Blackman (Harrow East), Graham Brady (Altrincham & Sale West), Andrew Bridgen (Leicestershire North West), Steve Brine (Winchester), Fiona Bruce (Congleton), Dan Byles (Warwickshire North), Douglas Carswell (Clacton), Bill Cash (Stone), Christopher Chope (Christchurch), James Clappison (Hertsmere), Tracey Crouch (Chatham & Aylesford), David Davies (Monmouth), Philip Davies (Shipley), David Davis (Haltemprice & Howden), Nick de Bois (Enfield North), Caroline Dinenage (Gosport), Nadine Dorries (Bedfordshire Mid), Richard Drax (Dorset South), Mark Field (Cities of London & Westminster), Lorraine Fullbrook (South Ribble), Zac Goldsmith (Richmond Park), James Gray (Wiltshire North), Chris Heaton-Harris (Daventry), Gordon Henderson (Sittingbourne & Sheppey), George Hollingbery (Meon Valley), Adam Holloway (Gravesham), Stewart Jackson (Peterborough), Bernard Jenkin (Harwich & Essex North), Marcus Jones (Nuneaton), Chris Kelly (Dudley South), Andrea Leadsom (Northamptonshire South), Jeremy Lefroy (Stafford), Edward Leigh (Gainsborough), Julian Lewis (New Forest East), Karen Lumley (Redditch), Jason McCartney (Colne Valley), Karl McCartney (Lincoln), Stephen McPartland (Stevenage), Anne Main (St Albans), Patrick Mercer (Newark), Nigel Mills (Amber Valley), Anne-Marie Morris (Newton Abbot), James Morris (Halesowen & Rowley Regis), Stephen Mosley (Chester, City of), Sheryll Murray (Cornwall South East), Caroline Nokes (Romsey & Southampton North), David Nuttall (Bury North), Matthew Offord (Hendon), Neil Parish (Tiverton & Honiton), Priti Patel (Witham), Andrew Percy (Brigg & Goole), Mark Pritchard (Wrekin, The), Mark Reckless (Rochester & Strood), John Redwood (Wokingham), Jacob Rees-Mogg (Somerset North East), Simon Reevell (Dewsbury), Laurence Robertson (Tewkesbury), Andrew Rosindell (Romford), Richard Shepherd (Aldridge-Brownhills), Henry Smith (Crawley), John Stevenson (Carlisle), Bob Stewart (Beckenham), Iain Stewart (Milton Keynes South), Gary Streeter (Devon South West), Julian Sturdy (York Outer), Sir Peter Tapsell (Louth & Horncastle), Justin Tomlinson (Swindon North), Andrew Turner (Isle of Wight), Martin Vickers (Cleethorpes), Charles Walker (Broxbourne), Robin Walker (Worcester), Heather Wheeler (Derbyshire South), Craig Whittaker (Calder Valley), John Whittingdale (Maldon), Dr Sarah Wollaston (Totnes). • Two Tory MPs voted in both the Aye and Noe lobbies, the traditional way of registering an abstention. They were: Iain Stewart (Milton Keynes South) and Mike Weatherley (Hove). • A further two Tory MPs, Peter Bone (Wellingborough) and Philip Hollobone (Kettering) acted as tellers for the motion. Labour • 19 Labour MPs defied the party leadership to support the motion: Ronnie Campbell (Blyth Valley), Rosie Cooper (Lancashire West), Jeremy Corbyn (Islington North), Jon Cruddas (Dagenham & Rainham), John Cryer (Leyton & Wanstead), Ian Davidson (Glasgow South West), Natascha Engel (Derbyshire North East), Frank Field (Birkenhead), Roger Godsiff (Birmingham Hall Green), Kate Hoey (Vauxhall), Kelvin Hopkins (Luton North), Steve McCabe (Birmingham Selly Oak), John McDonnell (Hayes & Harlington), Austin Mitchell (Great Grimsby), Dennis Skinner (Bolsover), Andrew Smith (Oxford East), Graham Stringer (Blackley & Broughton), Gisela Stuart (Birmingham Edgbaston), Mike Wood (Batley & Spen). Lib Dems • One Liberal Democrat, Adrian Sanders (Torbay) voted for the motion. Others • Green leader Caroline Lucas (Brighton Pavilion) voted for the motion. • Eight Democratic Unionist Party MPs voted for the motion: Gregory Campbell (Londonderry East), Nigel Dodds (Belfast North), Jeffrey Donaldson (Lagan Valley), Rev William McCrea (Antrim South), Ian Paisley Junior (Antrim North), Jim Shannon (Strangford), David Simpson (Upper Bann), Sammy Wilson (Antrim East). • Independent MP Lady Sylvia Hermon (Down North) voted for the motion. 8.41am: Reverberations from last night's vote on the EU referendum will be bouncing around Westminster all day. David Cameron told his MPs yesterday afternoon: "I share the yearning for fundamental reform, and I am determined to deliver it." But when? Michael Gove, the education secretary, was on the Today programme a few minutes ago, doing his best to play down the significance of the rebellion against the prime minister – but even he struggled to explain when Cameron's long-promised renegotiation is going to take place. I'll post a full summary of his interview soon, as well as bringing you all the best reaction, comment and analysis relating to the referendum debate. Otherwise, it's a fairly routine day, although Kenneth Clarke, at the home affairs committee at lunchtime, could make good copy. Here's a full list of what's coming up. 9am: The cabinet meets. 10am: Sir Mervyn King, the governor of the Bank of England, gives evidence to the Commons Treasury committee about quantitative easing. 10am: Unions are launcing a legal challenge to the government's plans increase pensions in line with the CPI measure of inflation rather than the RPI measure of inflation. 10.30am: Keir Starmer, the director of public prosecutions, gives evidence to the Commons justice committee on joint enterprise prosecutions. 10.45am: The Advisory Council on the Misuse of Drugs publishes a report on legal highs. 12.45pm: Kenneth Clarke, the justice secretary, gives evidence to the Commons home affairs committee about the riots. 2.20pm: Maria Miller, the minister for the disabled, the health minister, Paul Burstow, and Grant Shapps, the housing minister, give evidence to the joint committee on human rights on the right of disabled people to independent living.

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Boland launches new radio station on same frequency as Heart

 

HEART FM bosses have denied any bad feeling after controversial DJ Maurice Boland took over their coastal frequency for a new radio venture. The self-styled ‘Mr Marbella’ has left the station and plans to launch his new business later this month. “As far as we are concerned he can have it, it was an amicable agreement,” owner Pat Jay told the Olive Press. But other sources have revealed that there has been ‘considerable tension’ over the fallout, which left Heart FM ‘retrenching’ back inland. “There have been various issues and Pat and husband Lee have been left shattered,” said a friend. Now Boland, 62 – who was sacked from his previous job at Talk Radio Europe (TRE) after an alleged affair with a teenager – is setting up a studio at Estepona’s Kempinski Hotel. According to sources, he has managed to acquire a retail space to work out of and claims to have some big backers. “He has been approaching presenters at other radio stations, but is not offering a lot of money,” said a source.

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Thousands of Telefonica clients disconnected for 5 hours

 

THOUSANDS of Telefonica clients on the Costa del Sol were left without service for five hours. The problem, which affected clients in Marbella, Ronda, Casares and Estepona, last Friday was due to a fault with a commutation network system, and also caused minor problems in Malaga City. According to Telefonica, it affected 20 per cent of communications in Malaga province, however, it did not affect clients with smartphones, which account for 65 per cent of clients in the province. Consumer group Facua said compensation for this can amount to the average of the amount charged over the past three months or five times the monthly tariff calculated proportionately by the time the problem lasted.

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Sunday, October 23

Hells Angel biker rammed intentionally, dragged a mile by East Bay Paratransit bus in San Leandro

 

A paratransit bus driver intentionally rammed a Hells Angels biker on Interstate 580, and then dragged him about a mile, killing him, a CHP spokesman said. The biker, who has not been identified, was traveling eastbound on I-580 in San Leandro near Grand Avenue with a small group of Hells Angels members before 4 p.m. when an altercation began, said CHP Sgt. Trent Cross. After being hit, the motorcyclist and his bike were dragged for about a mile, said San Leandro police Lt. Greg Lemmon. Eventually, the biker was released from under the East Bay Paratransit bus, but the driver kept dragging the motorcycle, which was wedged underneath the front grill, until the vehicle stopped on the shoulder just east of the 150th Avenue onramp. The Hells Angels biker was flown to Eden Medical Center in Castro Valley, where he was pronounced dead, Lemmon said. The bus driver has been arrested, Lemmon said. Police are interviewing four witnesses who saw the incident. "The preliminary information they are providing was that it wasn't an accident, it was an intentional ramming," Lemmon said. All eastbound lanes were closed from Grand Avenue to 150th Avenue so police could conduct a homicide investigation over a large swath of freeway, Cross said. The lanes were expected to remain closed until 10 or 11 p.m., he said, and there were significant traffic delays in the area. An East Bay Paratransit manager referred calls to First Transit, a Advertisement contract agency that operates the bus. The First Transit representative did not return calls. No passengers were on board the bus during the collision, said San Leandro police Sgt. Doug Calcagno. The paratransit bus provides door-to-door service for people unable to ride regular public transit because of disabilities. It has been a tragic autumn for the Hells Angels motorcycle club. San Jose chapter President Jeffrey "Jethro" Pettigrew was killed outside a Nevada casino last month. At his packed funeral Oct. 15, Steve Tausan, a 52-year-old Hells Angels enforcer and friend of Pettigrew's, was shot dead.

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Stockton search for Hells Angels slaying suspect comes up empty

 

A man suspected of fatally shooting a member of the Hells Angels at a recent funeral in San Jose was not holed up in a Stockton home Saturday as police had believed. Steve Ruiz, 38, of San Jose is being sought for allegedly shooting and killing fellow Hells Angels member Steve Tausan, 52, after the two fought Oct. 15 at a funeral for a slain motorcycle club member, according to police. Police had received information that Ruiz had been hiding out at the three-bedroom home on the 3700 block of McDougald Boulevard in Stockton, said San Jose police Sgt Jason Dwyer. Investigators asked Stockton police and the San Joaquin County sheriff's office to serve a search warrant for the home, but both agencies were unavailable, Dwyer said. As a result, San Jose police drove tactical vehicles to the scene. Neighbors said they had seen San Jose police at the scene, calling out to someone in the home to surrender. But after storming the home and firing tear gas at about 8 p.m. Saturday, police came up empty-handed and left. The occupants of the home "are new to the area or they're new to the house" after moving in several months ago, said Noelia Trelles, whose sister-in-law lives next door. "I think we live in a pretty crazy world, but it's still crazy that it's happening in the neighborhood," Trelles said. Ruiz and Tausan were among thousands of Hells Angels members who attended a funeral for Jeffrey Pettigrew, president of the San Jose chapter of the motorcycle club, at the Oak Hill Funeral Home and Memorial Park on Curtner Avenue. After the shooting, Ruiz, 38, of San Jose disappeared and one or more people tampered with the crime scene, washing away bloodstains and removing evidence of the shooting, police said. Police found Ruiz's motorcycle at the funeral, Lt. Alan Cavallo said. Ruiz has not come to claim it. Authorities initially speculated that it was possible Ruiz had been killed and possibly buried along with Pettigrew. Investigators obtained a search warrant to dig up Pettigrew's grave, but Ruiz's remains were not found, Cavallo said. But now investigators say they have proof that Ruiz is alive and "actively evading law enforcement," Dwyer said. Ruiz is believed to have two black eyes "and other facial injuries consistent with being in a fight," Dwyer said. Police said Ruiz is in the company of Christel Renee Trujillo, 42, also known as Christel Renee Ferguson, and that her life "is now in danger." The two are possibly traveling in a gold or pewter Chevrolet Suburban. No year of the vehicle or license plate number was available. Ruiz has family and associates in Arizona and New York and may try to contact them, Dwyer said. Police said Pettigrew was shot and killed Sept. 23 by Ernesto Manuel Gonzalez, an alleged member of the rival Vagos motorcycle gang, at John Ascuaga's Nugget casino in Sparks, Nev. Gonzalez, 53, of San Jose was arrested by a UCSF police officer in San Francisco six days later. Tausan and the manager of the Pink Poodle, a strip club west of San Jose, were tried for murder in 1999 in the beating death of a club customer two years earlier. They were acquitted on grounds of self-defense.

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Friday, October 21

The slain Libyan leader Moamer Kadhafi secretly spirited out of Libya and invested overseas more than $200 billion

 

The slain Libyan leader Moamer Kadhafi secretly spirited out of Libya and invested overseas more than $200 billion -- double the amount that Western governments previously had suspected, The Los Angeles Times reported late Friday. Citing unnamed senior Libyan officials, the newspaper said US administration officials were stunned last spring when they found $37 billion in Libyan regime accounts and investments in the United States. They quickly froze the assets before Kadhafi or his aides could move them, the report said. Governments in France, Italy, England and Germany seized control of another $30 billion or so. Earlier, investigators estimated that Kadhafi had stashed perhaps another $30 billion elsewhere in the world, for a total of about $100 billion, the paper noted. But subsequent investigations by US, European and Libyan authorities determined that Kadhafi secretly sent tens of billions more abroad over the years and made sometimes lucrative investments in nearly every major country, including much of the Middle East and Southeast Asia, The Times said. Most of the money was under the name of government institutions such as the Central Bank of Libya, the Libyan Investment Authority, the Libyan Foreign Bank, the Libyan National Oil Corporation and the Libya African Investment Portfolio, the paper pointed out. But investigators said Kadhafi and his family members could access any of the money if they chose to, the report said. The new $200 billion figure is about double the prewar annual economic output of Libya, The Times noted. Kadhafi, who lorded over the oil-rich North African nation for 42 years, met a violent end on Thursday after a NATO air attack hit a convoy, in which he was trying to escape from his hometown of Sirte. He survived the air strike but was apparently captured and killed after a shootout between his supporters and new regime fighters.

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Sunday, October 16

RBS staff told to pay for their own Christmas party

 

Another day, another downgrade. Reduced to surviving on two pints of lager and pack of crisps at recent Christmas parties, misery was heaped on Royal Bank of Scotland's highly-paid investment bankers on Friday as they were told that they would have to fund this year's bash entirely out of their own pocket.

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HMRC clamps down on Swiss account holders

 

6,000 Britons who hold money in the Swiss arm of HSBC will soon receive a letter telling them that they need to own up to unpaid tax. The bank is acting on information received last year under a tax treaty. This revealed that more than 6,000 individuals, companies, trusts and other bodies held accounts and investments with HSBC Geneva. HMRC has already begun criminal and serious fraud investigations into more than 500 individuals and organisations holding these accounts. HMRC will shortly be writing to those who have not yet come forward, or are not under investigation. They will be offered a chance to contact HMRC and disclose all their tax liabilities, HMRC said. Fines of up to 200 per cent of any tax may, in certain circumstances, be imposed on people not coming forwards during this window for disclosure. "This is not an amnesty. There are no special rates of penalty or interest for those who come forward voluntarily," said HMRC's Dave Hartnett. "This is an opportunity for those who have made errors in past returns to correct them. The net is closing on offshore evaders. Don't wait for HMRC to contact you."

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Wednesday, October 12

FSA broke its own rules in Keydata probe, judge rules

 

High Court judge found that the Financial Services Authority (FSA) had wrongfully used privileged emails to bring its case against Keydata. A further "relief hearing" will now determine the impact of the ruling, which could de-rail the case altogether. It is the latest in a line of setbacks for the regulator, which has been investigating regulatory breaches at Keydata and millions of pounds of missing retail funds for two years. Keydata invested in "life settlement funds", which buy and sell US life insurance and generate high returns. In June 2009 the FSA applied for Keydata's closure "to protect investors", saying it was concerned about "potentially missing assets". The business was fast-tracked into administration and referred to the Serious Fraud Office (SFO). It emerged that £103m of life insurance policies managed by a Luxembourg business, SLS Capital, and sold to Keydata investors as low-risk bonds might have been "misappropriated".

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US to pressure Iran over 'plot to kill Saudi envoy'

 

US Attorney General Eric Holder says the alleged conspiracy was "conceived, sponsored and directed from Iran" Continue reading the main story Related Stories Clinton hails break-up of 'plot' Middle East rivalries play out in US The US secretary of state has called for a "very strong message" to be sent to Iran, after allegations of a plot to kill the Saudi ambassador to the US. Hillary Clinton said Washington was preparing new penalties against Iran, which is already subject to a variety of international sanctions. Two Iranians were charged over the plot which US officials said implicated Iran's Revolutionary Guard Corps. Meanwhile the US issued a worldwide alert about possible anti-US actions. "The US government assesses that this Iranian-backed plan to assassinate the Saudi ambassador may indicate a more aggressive focus by the Iranian government on terrorist activity against diplomats from certain countries, to include possible attacks in the United States," the alert said. It urged Americans residing and travelling abroad to review the information available when making travel plans. Iran has dismissed the allegations as false and baseless. Continue reading the main story “ Start Quote The idea that they would attempt to go to a Mexican drug cartel to solicit murder-for-hire to kill the Saudi ambassador, nobody could make that up, right?” Hillary Clinton US secretary of state 'Well-grounded suspicions' Mrs Clinton praised those involved in the operation to uncover the plot. "It was a terrific achievement by our law enforcement and intelligence communities, and we will be consulting with our friends and partners around the world about how we can send a very strong message that this kind of action, which violates international norms, must be ended," she said at a news conference. "This case will, I think, reinforce the well-grounded suspicions of many countries about what they're up to." Mrs Clinton said the suspected plotters had been trying to involve hired killers from Mexican drug cartels. "The idea that they would attempt to go to a Mexican drug cartel to solicit murder-for-hire to kill the Saudi ambassador, nobody could make that up, right?" she said. US Attorney General Eric Holder said Iran's involvement in the plot was "a flagrant violation of US and international law". Continue reading the main story Analysis Mohammad Manzarpour BBC Persian There is a long history of animosity between Iran and Saudi Arabia which stretches back to before the Islamic Revolution of 1979. Religiously, the Wahhabi rulers of Saudi Arabia and the Shia clerics of Iran reject each other's interpretation of Islam. Geopolitically, the two are staunch rivals, engaged in a seemingly never-ending battle for greater regional influence. They have also been engaged in proxy wars for decades, taking different sides in the Iran-Iraq war, Afghanistan, Lebanon and the Palestinian territories. But it is the Saudis' military intervention in Bahrain which may have prompted the alleged plot. It was little criticised in the West but was seen in Iran as a blatant assault on the Shia majority in Bahrain. In a statement, UK Prime Minister David Cameron's office said: "Indications that this plot was directed by elements of the Iranian regime are shocking... We will support measures to hold Iran accountable for its actions." US officials have said military action was not being considered. The US Treasury Department placed five Iranians, including the two men charged, under sanctions on Tuesday for their alleged involvement in the plot. The two accused were named as Manssor Arbabsiar, a 56-year-old naturalised US citizen with dual Iranian and US passports, and Gholam Shakuri, based in Iran and said to be a member of Iran's Quds Force, a unit of the Revolutionary Guard Corps. The other three were described as high-ranking members of the Quds force. Mr Arbabsiar, who was arrested at New York's John F Kennedy airport on 29 September, has confessed to his involvement in the alleged plot, Mr Holder said. A lawyer for Mr Arbabsiar said he would plead not guilty when he was officially indicted. 'Shocking' Mr Shakuri was said to be in Iran. US officials said that on 24 May 2011, Mr Arbabsiar made contact with an informant for the US Drug Enforcement Agency, who was posing as a Mexican drug cartel member. Manssor Arbabsiar appeared at a court in New York City on Tuesday Over a series of meetings, it is said that details emerged of a conspiracy involving members of the Iranian government paying $1.5m (£960,000) for the assassination of Saudi ambassador Adel al-Jubeir on US soil. Justice department officials said the initial envisaged target was the Saudi embassy. But in conversations secretly recorded for the US authorities, Mr Arbabsiar also allegedly considered having the ambassador killed at a purported favourite restaurant, despite the possibility of mass casualties. The plot would have been carried out with explosives, Mr Holder said. But he added that no explosives were ever put in place and the public was not in danger. Mr Holder said Mr Arbabsiar, with approval from Mr Shakuri, wired $100,000 to a US bank account for the informant as a downpayment. Mr Arbabsiar and Mr Shakuri have been charged with conspiracy to murder a foreign official, weapons conspiracy, and conspiracy to commit international terrorism charges. Continue reading the main story “ Start Quote The choice of ambassadorial target is a direct expression of the acerbic tensions in the Middle East between Saudi Arabia, a key US ally, and Iran” Kim Ghattas BBC News, Washington Alleged plot reflects Middle East rivalries Unnamed US officials also told journalists that the Israeli embassy in Washington was also to have been attacked. Iran's official Islamic Republic News Agency called the charges a "propaganda campaign" by the US government against Tehran. The allegations were "a comedy show fabricated by America", Iranian foreign ministry spokesman Ramin Mehmanparast told the semi-official Iranian news agency, Fars. Mr Arbabsiar appeared briefly at a New York City court on Tuesday. He did not enter a plea and was held without bail. He could face a life prison sentence if convicted on all charges, the Department of Justice said.

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US issues travel alert linked to Iran plot

 

The US State Department late on Tuesday issued a worldwide travel alert for US citizens, warning of the potential for anti-US action after the United States accused Iran of backing a plot to kill Saudi Arabia's ambassador to Washington.   Murder Plot Iranians charged over assassination plot / Reuters American authorities uncover plot to bomb Israeli, Saudi embassies in Washington, assassinate Saudi ambassador Full story "The US government assesses that this Iranian-backed plan to assassinate the Saudi ambassador may indicate a more aggressive focus by the Iranian government on terrorist activity against diplomats from certain countries, to include possible attacks in the United States," it said in a statement on its website.   The alert expires January 11, 2012, it said.

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Friday, October 7

Spanish banks in €6bn merger talks

 

Banco Popular, Spain’s fifth-biggest listed bank by assets, has offered to buy its smaller listed rival Banco Pastor in a merger that marks a new stage in the restructuring of the country’s financial sector. In filings published on Friday by the Comisión Nacional del Mercado de Valores (CNMV), the market regulator, the banks said they were proposing a friendly all-share deal in which Popular would offer to buy 100 per cent of Pastor. More ON THIS STORY Dismay at Spanish bank restructuring Spain nationalises three more savings banks In depth European banks Santander predicts return to big profits Global Insight Italy and Spain The CNMV had earlier suspended trading in shares of Popular, with a total market value of €4.99bn, and of Pastor, valued at €827m, apparently after news of the discussions leaked before the planned announcement on Monday. At Friday’s share prices, the Popular offer represented a one-third premium for Pastor and valued the target bank at 0.75 times book value, according to the Pastor camp, although Popular’s share price could fall once the suspensions are lifted. CaixaBank, the banking arm of the Barcelona-based La Caixa savings bank, was valued at 0.8 times book value at its flotation earlier this year, but Bankia, comprising Caja Madrid and six others, managed only 0.4 times when it was listed. Three savings banks seized by the official bank rescue fund last month were valued at between zero and 0.12 times book. Until now, the Bank of Spain and the Spanish government have focused on forcing unlisted savings banks to recapitalise themselves and merge with each other to reduce costs and improve efficiency after the collapse of the Spanish housing and construction bubble. Listed banks have been seen as potential buyers rather than takeover targets. “This is only the start,” said one person aware of the talks as the boards of the two companies held separate meetings. “There is going to be a huge shake-out in the banking sector.” Popular is a national Spanish bank that has focused on retail banking and lending to small and medium-sized businesses, while Pastor’s activities are concentrated in the north-western region of Galicia. Pastor – along with four Spanish cajas or savings banks – was one of the nine European banks that failed Europe-wide stress tests in July.

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Wednesday, October 5

Strictly star Chelsee Healey says she loves showing off her £3,000 boob job

 

As a teenager Chelsee Healey was afraid to take her top off even in front of a boyfriend. 

But, fast forward a few years and with a £3,000 investment in her appearance, the Strictly Come Dancing star is happy to flaunt her chest on national television. 

Chelsee, 23, is among stars on the show who've come under fire for wearing skimpy outfits during their performances. 

Thrilled: Chelsee Healey was ashamed of her 'droopy boobs' before she went under the knife

Thrilled: Chelsee Healey was ashamed of her 'droopy boobs' before she went under the knife

The actress, who appears on Waterloo Road, flew to a Marbella-based surgery to have her cosmetic procedure.

 

 

And she raided her trust fund to pay for the operation, which boosted her chest from a C-cup to a 32DD. 

She told Now magazine: 'I'd hated my boobs for as long as I can remember. I'm naturally outgoing, but in this area I lacked self-esteem. By the time I was 19, I was desperate to change. I took £3,000 from a trust fund my dad had set up for me. I knew I'd never be happy until I got the shape I wanted.'

Ashamed of her saggy boobs, it wasn't until her friends pushed her to go for it in 2007 after a holiday to Puerto Rico, that Chelsee finally went to Spain and under the knife.

Proud of her assets: Chelsee Healey pushes her chest out at the Inside Soap Awards - she spent £3,000 on her 32DD boobs

Proud of her assets: Chelsee Healey pushes her chest out at the Inside Soap Awards - she spent £3,000 on her 32DD boobs

Now over the moon with her new chest, she is often seen wearing low cut tops.

She told Now: 'I'm thrilled with them. They're round, firm and perfect and now I'm happy to show them off.'

However, Chelsee has come under fire on the BBC dancing show for her revealing outfits.

After receiving a few nasty comments on Twitter, she said: 'I was happy with the outfit, but if you come out dressed like that it can make a bad first impression.




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Tiger Woods' most famous mistress got married Sunday in Las Vegas.

Rachel Uchitel's two-year nightmare is over.

Tiger Woods' most famous mistress got married Sunday in Las Vegas.

The chapel wedding took place two years, almost to the day, after Woods' last outing in Sin City before his world -- and reputation -- unraveled six weeks later. The golf great was spotted celebrating at Tao Las Vegas' star-studded four-year anniversary and Lavo's one-year anniversary.

Uchitel, a former host at Tao, was in Marbella, Spain, at the time, orchestrating some of Woods' activities.

Her decision to invite Las Vegas night-life regular Ashley Hollingsworth Samson to Marbella led to Samson's $25,000 paycheck from The National Enquirer for going public with Uchitel's romance with Woods.

Uchitel and boyfriend Matt Hahn, a former Penn State football player, got married on impulse Sunday while in town to attend the wedding of their friends.

The Uchitel-Hahn wedding took place at the Little White Chapel, where Britney Spears married childhood friend Jason Alexander over New Year's weekend in 2004. Bruce Willis and Demi Moore tied the knot there on Nov. 21, 1987.

Uchitel and Hahn, with 12 friends, danced into the chapel at 11 p.m. to Beyonce's hit "Single Ladies," according to TMZ.com. After the wedding, they departed to Katy Perry's "Waking Up in Vegas."

It was anything but an all-night celebration for the newlyweds. They were back at her grandmother's by midnight, according to TMZ.

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Spain Regions Race to Sell $1.3 Billion Property This Year

 

Catalonia and Andalusia, two of Spain’s largest and most indebted regions, are trying to sell $1.3 billion of real estate by the end of the year as the country tries to slash its budget deficit and keep borrowing costs from ballooning. “We put the cream of the crop in the portfolios to ensure the sales are completed,” Jacint Boixasa, director of assets for Catalonia, said in interview in Barcelona. “Our target is to sell 550 million euros ($742 million) of real estate by year- end, which is relatively little time.” Spanish regions, which control more than a third of public spending, will play a pivotal role in the nation’s effort to cut its deficit to 6 percent of gross domestic product this year from 9.2 percent in 2010 as the country tries to avoid following Greece, Ireland and Portugal in requiring a bailout. In August, Moody’s Investors Service put Spain’s credit rating on review for a downgrade, citing the worsening finances in the regions. Catalonia is trying to find buyers for 37 properties including the Barcelona stock market on Paseo de Gracia, Spain’s fourth-most expensive commercial street, as well as the Catalan Agriculture Ministry on Gran Via. Jones Lang LaSalle and Madrid- based real-estate consultant Aguirre Newman are advising the government on the sales. Andalusia hired BNP Paribas SA to help raise at least 400 million euros selling 76 properties including the cultural department in Granada and youth centers in Malaga, according to the region’s treasury department. The government will pay around 30 million euros a year to lease the buildings after the sale

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Monday, October 3

Spain's first ever retirement home for gay and lesbian residents.

An artist's impression of the 26 December home's interior (image: Touza architects)A landscaped, luxury home is envisaged

A short train ride from central Madrid is a scruffy plot of land covered in weeds and surrounded by wire fencing. In just a couple of months work is expected to start to transform the site into Spain's first ever retirement home for gay and lesbian residents.

Spain has been at the vanguard of Europe in terms of gay rights in recent years, but activists say reforming laws has been easier than changing attitudes.

"Gay old people have to go back in the closet when they enter retirement homes," explains Federico Armenteros, who runs the December 26th Foundation in Madrid.

It is named after the date in 1979 when the law used during Gen Franco's dictatorship to imprison homosexuals - or to send them for "cure" with electric shocks - was repealed.

"For many years, a lot of people believed that homosexuals were sick and sinners," Mr Armenteros says.

"That is more pronounced among older people, and hard to change,"

So the foundation has been working on a solution.

'Insulted and alone'

Start Quote

Jose Maria Herreras

I have to make myself as invisible as possible - go back in the closet - so they don't notice me”

Jose Maria Herreras

It has formed a co-operative, recruited architects and designed a luxury, landscaped retirement complex - complete with 115 apartments, gym, spa and restaurant.

There is space for yoga, Tai Chi and dance classes - and plans to house archive material for the first research centre on the history of the gay rights movement in Spain.

Designed to be "gay-friendly", the Foundation says the home will be open to anyone regardless of their sexuality.

Jose Maria Herreras describes it as a dream come true.

He looks relaxed, sitting at street cafe in Chueca - the gay heart of Madrid. But Jose is 65 and lives in a retirement home. He says his life has been miserable ever since the other residents discovered he was gay.

"They started to steer clear of me and insult me," he explains.

"They called me 'queer' and it made me feel awful. My room has two beds but no-one wants to share with me. So I'm alone and it's bad.

"I have to make myself as invisible as possible - go back in the closet - so they don't notice me. And I spend as much time outside the home as possible."

The proposed site of the 26 December home For now the site of the home is just wasteland

Gay rights activists believe that experience is widespread.

Predominantly Catholic Spain was among the first countries to legalise gay marriage and adoption.

Gay pride celebrations in Madrid are among the best-known and most extravagant.

The formerly run-down neighbourhood of Chueca now has a thriving gay scene including clubs, saunas, bars and bookshops.

But four decades of Gen Franco's right-wing dictatorship meant that change came late to Spain and has spread slowly.

'Anti-camp law'

"We only started fighting for our rights in the 1980s," explains Mili Hernandez, who opened Madrid's first gay and lesbian bookstore, Berkana, in 1993.

"Until 1979 there was a law that [they] could take us to jail just for walking on the streets and being a bit camp."

Start Quote

I think we should go to the homes and ask for our rights”

Mili HernandezSpanish gay rights pioneer

The 1980s Aids epidemic was another setback for equal-rights campaigners.

"Now we have [some] of the best laws in the world for homosexuals, but we didn't have enough time to change mentalities," Ms Hernandez says, and points out that there are still very few high-profile, openly gay role models in the country.

"We're still in the closet," she says.

The bookstore owner sympathises with the problems of gay pensioners in care but she would prefer a different approach.

"I think we should go to the homes and ask for our rights. Ask for a double room, and tell them we are gay. We should try to insist."

But plans for the alternative home are already well advanced.

"It's too tough to make people who are suffering now wait until society changes and the discrimination ends - when people whisper about you and call you names, and won't enter your room," argues Federico Armenteros.

"These things are shrinking but unfortunately they exist."

He and his partner have already signed up for an apartment.

"I'll be living in a quality place, with people who respect, understand, love and care for me," Mr Armenteros says.

"Usually, when you end up in a home you're just another number. But this is something completely different."

'Social need'

A flat at the new complex should also work out considerably cheaper than the average retirement home.

An artist's impression of the 26 December home's exterior (image: Touza architects)How the home should look eventually

That is largely because a sympathetic local mayor has granted a low-cost 75-year lease on the land.

The co-operative system means members will cover 40% of the home's costs in advance while remaining funds will be sought from the banks.

For the architects who have drawn up the plans - for no charge, so far - the project makes sound sense.

"This is a project which will actually happen - that's important because we've done a lot of unnecessary building in Spain," says chief architect Julio Touza Sacristan, walking the plot with his sketches and artist's impressions.

But he also got involved because he saw a social need for the residence.

"I'm not sure everyone would like to be associated with such a project," he says.

"We're not as modern as we think we are in Spain but we think this is really necessary."

For Jose Maria Herreras, the place cannot be built quickly enough.

"This is somewhere where everyone will be equal," he says. "It's a totally different home where we won't have to hide who we are. We will be people. I will be free again."

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Youngsters who join gangs are like '3rd world child soldiers'

 

Youngsters from dysfunctional broken backgrounds who join gangs are like child soldiers in the third world who seek companionship and role models, according to Ian Duncan Smith. Speaking at the Conservative Party conference in Manchester today, he told delegates that gang members were seeking a sense of belonging. He said: 'Many young gang members drift in from dysfunctional broken backgrounds, in search of a place to belong, a perverse kind of family, others through fear of retribution.

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