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Monday, January 30

Spain Declares War on Online Pirates

 

As 2012 began—and less than two months after winning control over the Spanish parliament—the right-leaning Partido Popular passed a controversial new anti-Internet-piracy law that will impose strict penalties on website owners who fail to remove copyrighted material from their sites. Sound familiar? The law, named after the former culture minister, Ángeles González‑Sinde [above], gives the Spanish government nearly the same broad-ranging authority found in the equally controversial Stop Online Piracy Act (SOPA) now wending its way through the U.S. Congress. Owners of the material can now complain to a government commission that can issue an order to block a website's service. The Spanish law was initially brought up for consideration and rejected in 2010. Evidence obtained by the Spanish paper El País suggests that the United States has been pushing hard for a reevaluation of the measure ever since, using trade agreements as leverage to prod the Spanish government to resurrect it. It's no surprise that the United States has shown such interest. Piracy is epidemic in Spain. Thirty percent of the population uses file-sharing sites, often to download Hollywood movies. But there are good reasons to think that the Sinde law will only encourage more of this behavior. Because the law goes after only the content provider and leaves intact an individual's right to a digital copy, it may actually encourage Spanish citizens to use peer-to-peer file sharing, says Rosa María Garcia Sanz, a professor in the department of communication law at the Complutense University of Madrid. In fact, there is little evidence to suggest that the enforcement strategies called for by the new law actually work to stop illegal downloading. France passed a law in 2009, known as Hadopi, or the "three strikes" law. It gives the government the authority to interrupt service for individuals who are caught downloading illegal content after they've received two warnings. Plenty of people took the legislation more as a challenge than a threat; many immediately began avoiding detection, thereby sidestepping the regulation, with the aid of virtual private network servers. The Sinde law will be just as tough to enforce, according to Professor Sanz: "Even blocking domain name system [DNS] sites," she says, "would just encourage users to use alternative and unregulated DNS servers. In other words, there is a real problem of applying the law because it [is] so easy to circumvent the technical barriers used to block users from reaching the websites." The same will likely be true in the United States, where SOPA has been held up in the House Judiciary Committee since last year, and a far-flung group of individuals and organizations have targeted companies that have come out in support of the antipiracy measure. Even the Obama administration has suddenly taken an under-the radar position against SOPA. Developers are already providing tools to circumvent the legislation. The Firefox add-on DeSopa was written as a proof of concept, but if the law is implemented, the add-on would allow users to resolve blocked domains by obtaining an IP address through foreign DNS servers. But these kinds of solutions, which would certainly become popular if SOPA is enacted, carry serious security concerns. They would most likely increase the incidence of DNS hijacking, whereby an attacker redirects queries to a faulty, and potentially malicious, IP address. Security analysts at Sandia National Laboratories, in Albuquerque, raised these concerns in response to both the Senate and House versions of the bill, calling the DNS filtering mandate a fruitless " 'whack-a‑mole' approach that would only encourage users and offending websites to resort to low-cost work-arounds." It's unclear how seriously members of Congress are taking this advice. Indeed, the Obama administration's opposition may make SOPA moot. As U.S. lawmakers pause to catch their breaths after the first rounds of this battle, they might consider taking an even bigger step back to watch how the Spanish effort plays out—to see whether legislation actually brings about the hoped-for result.

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How clothes retailer Peacocks ran up £750m debts

 

The retailer Peacocks is the biggest company in Wales to have collapsed in recent years. There are not many firms with a headquarters in Wales with a turnover of more than £700m. A number of reasons have been cited for the failure, including the role of the Royal Bank of Scotland (RBS) during talks to restructure its debts. But the reality is that Peacocks was brought down by the deal that allowed a management buyout in 2006. The context is important here, in 2005 Peacocks was a plc and expanding strongly. A few years earlier it had bought the Yorkshire-based retailer Bonmarche, which had 350 outlets. There were already 418 Peacocks stores at the time. But the chief executive Richard Kirk felt it was not being taken seriously enough by investors in London and he led a management buy-out so the firm could expand at a faster rate. In order to do it, the company borrowed £460m. Heavily criticised The last official company accounts we have date from 2010, and they show that by then the company's overall borrowings had risen to £596m. The administrators KPMG now say the overall debt stands at £750m. That debt is around the same as the overall sales of the group. It means that every pound being taken at the tills is ultimately owed to someone else. The debts became too much for Peacocks which went into administration last week after talks on restructuring part of the debt collapsed. Administrators KPMG say the overall debt stands at £750m The taxpayer-owned RBS was one of the lenders which refused to pump any more cash into the business. Despite being heavily criticised by some local MPs and many of the staff, RBS insists it was not alone in refusing to invest any more. The reason Peacocks' debt rose so much was because of part of its borrowings called Payment in Kind or Pik notes. These have high interest rates, in this case 17% charged on a compound basis, but the interest is deferred and rolled over for repayment later on. When the times are good, they allow companies to grow quickly by putting off repayment. But eventually they have to be dealt with. At the time of the management buyout in 2006, Peacocks owed £150m pounds in Pik notes. In 2010, that debt had risen to £300m. 'Mountain of debt' Before the company went into administration, those Pik notes were said to be worth close to £400m. In a business selling relatively cheap clothing where there are tight profit margins, the banks could not see a way where Peacocks could get close to paying off this debt. In defence of Peacocks' directors, the management buy-out which saddled the company with so much debt was a deal done at the height of the buy-out boom when many similar deals were being signed off. The model works if the company is sold off after a few years at a higher price but in this case the credit crunch and the recession made that difficult. Sadly, it shows that in recent years, the success of one of Wales' most high profile and biggest companies was built on a mountain of ever-increasing debt.

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UBS trader denies gambling £1.5 billion in Britain's biggest banking fraud

 

Mr Adoboli, 31, east London, will go on trial accused of losing the cash while working for Swiss banking giant UBS. He spoke only to enter not guilty pleas to two counts of fraud and two counts of false accounting as he appeared in the dock at Southwark Crown Court. Adoboli, wearing a tailored grey suit and dark blue tie, sat forward in his seat and took notes as pre-trial arrangements were made. He said "Thank you, your honour" as Judge Alistair McCreath set a provisional trial date of September 3. "I remand you in custody," the judge told Adoboli. "I or some other judge will hear some application for bail."

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Britain's banks slashed $50 billion (£31.8 billion) from their exposure to France, Italy and Spain during the summer as financial institutions ran scared

 

Britain's banks slashed $50 billion (£31.8 billion) from their exposure to France, Italy and Spain during the summer as financial institutions ran scared from Europe's debt crisis, according to the Bank for International Settlements. The latest figures from the Basel-based BIS, "the central banker's bank", revealed that UK banks' total exposure to the three European strugglers had fallen to $430.4 billion at the end of September, against $479.9 billion at the end of June. UK banks' stocks of French, Spanish and Italian sovereign bonds were unceremoniously dumped as bond markets turned on vulnerable European nations. The BIS figures revealed UK bank holdings of French, Italian and Spanish sovereign debt dived 32% to $55.5 billion over the quarter, with holdings of Italian bonds suffering the biggest sell-off. Banks sought safety in German bunds, boosting their holdings by more than $40 billion during the period. The European Central Bank's December move to pump nearly €500 billion (£420 billion) into ailing financial institutions for three years eased the immediate threat of a damaging credit crunch. However, France was stripped of its triple-A credit rating this month, Italy's debt-laden economy is heading into recession and Spanish unemployment broke through five million.

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Spain seen heading for recession as economy shrinks

 

Spain's economy looks set to slip into recession after contracting for the first time in two years in the last quarter of 2011, highlighting the challenge for EU leaders as they meet to find ways to boost growth while cutting budgets. The leaders are meeting in Brussels on Monday with the goal of helping Europe's economy but they have to balance austerity with the need to help countries struggling with dismal economic performance. The finances of neighboring Portugal faced fresh scrutiny by markets on Monday and Spain's prime minister said this year's official growth goal would be missed. Gross domestic product in Spain shrank 0.3 percent in the fourth quarter from zero growth the previous quarter, preliminary data from the National Statistics Institute showed, in line with forecasts in a Reuters poll. Spain has massive unemployment -- around a third of the euro zone's unemployed are Spanish -- and a banking sector that has been hobbled by a collapsed property sector.

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Saturday, January 28

Prostitute in French footballer sex scandal launches own underwear range

The prostitute at the centre of the French footballer sex scandal has transformed from call girl to cover girl with a new underwear range. Zahia Dehar made headlines last year when she alleged that top France stars Franck Ribery, Karim Benzema and Sidney Govou had paid thousands of pounds for sex with her when she was just 17. Now 19, she has launched a new line of lingerie at Paris couture week with none other than designer Karl Lagerfeld shooting her lookbook. Advertisement >> Following the scandal, which ruined the reputations of the three stars involved, demand for Zahia soared and she became a lingerie model appearing on the covers of top fashion magazines. Now she has enlisted the help of top French designers including François Tamarin, Bruno Legeron, and Jean-Pierre Ollier to create the couture pieces for her collection. On her Twitter page, Zahia said that working with Lagerfeld had been a ‘dream come true’ while the designer was quoted as saying: “It was fun to do her.” He reportedly added: “She is very French courtesan, like Liane de Pougy or the Belle Otéro.” Ribery, 28, Benzema, 23, and Govou, 31, all faced three years in prison and fines of up to £40,000 for having underage sex. All three eventually escaped jail. Speaking after the scandal, the former prostitute said that Ribery, Benzema and Govou had all treated her “with utter respect” and should be left alone.
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Protein Rich Diet Good For Losing Weight,

 

A recent research has revealed that a diet rich in proteins can prove helpful in making a woman to lose weight. The research was conducted by the researchers of the Sydney University. It has further been pointed out by the researchers that a change in the diet plan can lead to improved lifestyle. For the research, a number of women were recruited. The participants of the research were divided into two groups. The first group was provided with the rich carbohydrate diet plan and the other with rich protein diet. Moreover, the participants of the study were advised to meet their dietician regularly and were also asked to go for walk for at least 30 minutes a day. During the study, it was found that the women who relied heavily on a protein diet were successful in losing a significant level of body weight. The participants on protein diet reported of experiencing improved self esteem. Moreover, the iron level of the participants was also good as compared to the women relying upon carbohydrate diet. The researchers are of the view that their findings would bring a revolution in the way the women follow certain diet plans to lose weight. A large number of women are said to rely on carbohydrate diet for losing weight. A diet rich in protein can not only help a woman in losing weight but also helps in improving the immune system as the diet is rich in essential mineral, vitamins and nutrition which are essential for the over al growth of the body. These days, obesity has become a graver issue as many countries are struggling to deal with it. In the previous studies, the obesity has been linked with life threatening diseases like diabetes and heart diseases.

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rich Irish still live life with a bang!

 

Not everybody is going broke in Ireland these days. While the bankruptcy courts continue to clog with casualties of the recession, like the Stokes brothers, there still remains a wealthy sector of society flying well above the financial carnage. Preferring to indulge in luxury jaunts outside the country rather than display any largesse at home, they head to places far beyond Irish shores for treasured moments they'll never boast about in the society columns. One such pair headed first class Down Under for a specially organised New Year's Eve treat for two, high atop the Sydney Opera House to view the biggest fireworks display on the planet. It was the ultimate night to remember for the middle-aged couple, and all organised by their personal concierge service -- where discretion comes as part of the package. Though the ranks of Ireland's rich and famous have been severely thinned out by the economic downturn, there are still plenty of low-profile millionaires out there willing to spend big on the finer things in life. Quintessentially, the international concierge service with an office in Dublin, is one such agency facilitating the whims of a wealthy Irish membership -- but nowadays without the flash and brash. The service, opened in Ireland in 2006, is surviving well, despite the downturn. "Our membership numbers in the hundreds," says managing director Wayne Cronin. "Many are entrepreneurs and business executives who travel across different timezones on a weekly basis and want personal assistance at the end of a phone wherever they are." The age demographic runs from 30 to 55 years old, with a 70-30 male-to-female split. The low-profile pleasures of today's rich are a long way from the excess of a 2004 Quintessentially members survey showing the Irish ranked first in the world for spending on property, private jets, cars and the trappings of a luxury lifestyle -- ahead of even the Middle East, Russia, China and the USA. Wishes granted to affluent Celtic tigers in those halcyon days included having a member's prized Aston Martin shipped to South Africa just for a week's holiday. Another client with romance on his mind requested, and got, a private jet painted lurid pink for a unique marriage proposal on a Caribbean island. Quintessentially, started in 2000, is the brain-child of Ben Elliot, a nephew of Camilla Parker Bowles, and film producer Aaron Simpson. Offering "a golden Rolodex capable of lifting velvet ropes worldwide," the operation, built on the personal touch, now has branches in 64 cities around the globe. General annual membership costs up to €1,600 a couple with access to 'all lifestyle requests', with dedicated membership running from €3,250 for a single to €5,200 for a full-time Lifestyle Manager. Elite Membership, costing up to €30,000, is by invitation only and provides an exclusive team of dedicated personal managers in each Quintessentially territory -- a kind of Jeeves for the jaded. Discretion prevents Wayne Cronin from hinting at who Quintessentially's Irish members might be, but stars like Sophie Dahl and Coldplay have been fulsome in their praise over the years. Elton John, David Bowie, J K Rowling and Kate Moss have also been associated with the company. "I rely on Quintessentially mainly in times of crisis. They help me jump the queue," Jemima Khan once observed. Other unusual demands made by wealthy Irish members recently included: sending an entire circus troupe to a client's home for his child's birthday party. And at another kid's party, the company sourced a dozen live penguins to add to the merriment. In the realm of boys' toys, one thirtysomething received the ultimate in high-testosterone gifts taking the controls of an Air Force fighter-jet at 43,000ft. On the other extreme, one couple wanted to celebrate a significant anniversary with a romantic private dinner on an iceberg in New Zealand -- which they got, with first-class tickets out and back. Cronin cites another recent instance where he organised an assistant to travel to Paris to exchange a dress for a client who didn't have the time to go herself. "Time is money to people at this level, and it's clearly worth it to have somebody else do chores like this for them," he said.

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Spain takes legal action against Spanair

 

Spain's government has launched legal action against the now-defunct airline Spanair for allegedly violating the country's aviation regulations by suddenly ceasing operations, a minister said Saturday. An estimated 22,000 passengers who had booked seats on more than 220 canceled flights have been left looking for alternative arrangements and instructions on how to seek reimbursements. Spanair, owned by a consortium based in the northeastern region of Catalonia, shut down its operations late Friday because of a lack of funding. The legal proceedings begun by Spain's government could lead to Spanair being fined euro9 million ($11.8 million) for two "serious infringements" of aviation security legislation, Development Minister Ana Pastor said. The alleged infractions related to obligations linked to continued service and passenger protection. Chairman Ferran Soriano said the airline had failed to attract inward investment and consequently the regional government of northeastern Catalonia took the decision to stop providing funds. Spanair, whose hub was Barcelona airport, employed around 2,000 people and used the services of about 1,200 ground staff. Spanair's financial woes were exacerbated by a 2008 crash that killed 154 people. Eighteen people survived what was Spain's worst aviation disaster in 25 years. The airline, which also ran a commuter service between Madrid and Barcelona, was in trouble financially before Spanair Flight JK5022 -- an MD-82 jet -- crashed on takeoff on Aug. 20, 2008 as it tried to leave Madrid bound for the Canary Islands. In 2010 Spanair, which was Spain's No. 4 airline, reported an operating loss of euro115 million ($151.2 million) and had survived thanks to finance provided by the Catalan government and some private investors. The Catalan government cited the "current economic climate" and "European legislation concerning competition" as the major factors influencing its decision. In Brussels, the European Low Fares Airline Association said those of its members flying overlapping routes with Spanair would offer specially discounted fares to enable stranded passengers to return home. Offers are subject to seat availability, said the organization of budget airlines -- which includes Ryanair and EasyJet. The association's secretary-general, John Hanlon, said in a statement the aim was to assist Spanair passengers who were experiencing difficulties with travel plans. National carrier Iberia Spanish Airlines SA said it had also offered to help.

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Pilot Strike Affects Scores Of Travelers

 

Ten thousands travelers were left stranded at Spanish airports Friday due to a new strike by pilots of Iberia, the flag carrier of Spain. The strike, part of protest activities that started on Wednesday against the airline’s plan launch a branch for low-cost flights, forced rescheduling 93 out of 277 domestic and international flights, according to a statement by the company. The company affirmed that its new branch “Iberia Express” would affect neither the working conditions or the pay of pilots. The branch, meant to cover the costs of short and medium routes, would generate more revenues and create new jobs, it added. Meanwhile, the airline’s pilot association said it would stage another strike on Monday unless their employer scrapped the low-cost flight plan which would turn the company into a mere provider of cheap service. The pilots staged similar strikes on December 18 and 29, 2011, and on January 9 and 11, 2012, thus forcing some 55,000 passengers of 422 Iberia flights to find alternatives to airline.

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Spain's 4th largest airliner goes broke

 

Spain's fourth largest airliner, Spanair, has stopped operations after failing to seal a last minute deal aimed at rescuing the company from financial bankruptcy. Spanair ceased operations on Friday night after failing to negotiate a deal with Qatar Airways who sought to buy a stake in the airline, according to the Catalan regional government in Spain. Over 3,500 employees have lost their jobs as a result of the decision. Moreover, at least 22,000 passengers have been affected as 380 domestic and international flights have been cancelled this weekend alone. Experts report that Spanish regional governments which hold a controlling stake in Spanair have been under pressure to cut costs to help the central government reach budget cut goals this year. Spanair has tried for some years to compete with low-cost carriers operating in the country. Since the economic crisis in Europe began, Persian Gulf oil-producing states have been investing in eurozone companies. There are fears that more delays in resolving the eurozone debt crisis, which began in Greece in late 2009 and infected Italy, Spain and France last year, could push not only Europe but also much of the rest of the developed world back into recession.

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Thousands of passengers faced massive travel disruptions across Spain

 

Thousands of passengers faced massive travel disruptions across Spain on Saturday after domestic carrier Spanair cancelled all of its flights Friday night and prepared to file for bankruptcy. The abrupt collapse of the Barcelona-based carrier took place shortly after Qatar Airways walked away from talks to take over the money-losing airline after months of negotiations. "Due to a lack of financial visibility for the coming months, the company has had no option but to cease flying out of a duty of care for the safety of its operation and the well being of all concerned," Spanair said in a statement late Friday. "The appropriate next steps will be taken as soon as possible." More than 200 Spanair flights have been cancelled, affecting over 22,000 passengers. Spain's Public Works Minister Ana Pastor said on Saturday that the government may slap Spanair with about EUR9 million in fines and cancel its airline license due to the sudden cancellation of flights and failure to assist passengers. The Public Works ministry, which supervises the transport sector, said Spanair is required to assist customers and reimburse cancelled tickets. Many affected passengers complained on local television stations that Spanair was struggling to provide flight alternatives or even return the luggage from passengers who checked in shortly before all flights were abruptly cancelled on Friday night. A Spanair spokeswoman declined to comment on specific complaints from customers. The company said it has set up a customer service hotline, while Spain's airport authority AENA is providing passenger support services at the country's main airports. Flagship carrier Iberia Lineas Aereas de Espana SA said it was accepting affected Spanair passengers in its flights and offering lower airfares. Other domestic carriers are also assisting Spanair customers. "The Company would like to apologize to everyone affected by this announcement and thanks the aviation authorities for their help and support," as well as other airlines that assisting affected passengers, Spanair said on Friday night. A company spokesman didn't immediately return calls seeking comment on Saturday. The government of Spain's Catalonia region is Spanair's main shareholder with a stake of 85.6%, while Spanair's former owner, Scandinavian airline SAS AB (SAS.SK), holds a stake of 10.9% of the troubled carrier. SAS issued a profit warning on Friday night. It said that following the decision of Spanair's board to apply for bankruptcy, it will write down EUR165 million of the outstanding debt and receivables on Spanair and set aside another EUR28 million in guarantees and costs linked to Spanair's bankruptcy. "SAS Group will follow customary procedures as a creditor in the upcoming bankruptcy process," the Scandinavian company said in a press release late Friday, adding that it had already reduced the value of its shareholding in Spanair to zero. Created in 1986 with SAS as top shareholder, Spanair was purchased in 2009 by a group of local investors led by Catalonia's regional government, moving Spanair's headquarters from the Balearic Islands to Barcelona. The company, which has more than 2,000 employees, struggled financially in recent years, particularly after the crash of one of its aircraft during takeoff in Madrid almost four years ago, killing more than 150 passengers. As the economic crisis intensified in Spain, the Catalan government sought to keep the Barcelona-based airline afloat as part of an effort to develop Barcelona's El Prat Airport as a regional hub. However, it decided months ago that it couldn't keep supporting the company at a time when the government itself is facing serious financial headwinds, with the Spanish economy mired in its worst crisis in decades amid a deep property bust. Catalonia's financial support also sparked complaints from rivals on grounds that Spanair was getting unfair government support, in violation of European Union rules. In addition to an unprecedented economic crisis with record high unemployment rates, Spanair faced cutthroat competition from discount carriers and the expansion of Spain's high-speed rail network.

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£8m home RBS chief gave to his ex-wife

 

First his annual bonus is cut to just under £1million. Now it seems that Stephen Hester’s still far from insignificant fortune has taken another hit. The beleaguered Royal Bank of Scotland boss separated from his Canadian-born wife Barbara in 2010. Mr Hester’s name has now disappeared from Land Registry documents listing ownership of their magnificent £8.6million marital home. The couple, married almost 20 years with two children, purchased the five-bedroom, four-bathroom mansion in one of the capital’s most exclusive areas in 1995 for £1.78million. Publicly available documents last year listed the pair as joint owners of the mortgage-free West London home, with neighbours including Simon Cowell and Sir Richard Branson. But now the property is registered with Barbara Abt, the maiden name of the banker’s estranged wife, as sole owner. The RBS boss – linked to attractive divorcee Suzy Neubert four months after his marriage break-up – is apparently renting a £3.8million apartment near his family. But while Mr Hester may have ‘lost’ the London home, he can fall back on his vast country pile in Oxfordshire, a 350-acre estate complete with eight gardeners. And there is always the ski chalet in Verbier. The Oxford-educated banker met his estranged wife Barbara when both were working at Credit Suisse. They married in 1991. The couple divided their time between London and Oxfordshire and shared a love of fox-hunting – she is a master of foxhounds for the Warwickshire Hunt. Shortly after taking over the helm at state-owned RBS in 2008, Mr Hester faced immediate criticism over his indulgent lifestyle after hosting a lavish hunt ball at his £7million country estate. And the notoriously thin-skinned Mr Hester remains annoyed whenever any newspaper prints the much-published photograph of him astride a horse dressed in full hunting regalia. Despite their shared country interests, the Hesters parted in the summer of 2010. One family source said at the time: ‘It’s terribly sad. They’re working on an amicable separation for the sake of their children and Stephen is getting on with his job.’  Later that year, the RBS boss, 51, appeared arm-in-arm with mother-of-two Miss Neubert, like his wife a former banker. She works in the City, as head of sales and marketing for private bank J O Hambro, which handles the funds of hugely wealthy individuals.

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Recession causes 2,000 heart attack deaths

 

Since 2002 the number of people dying from heart attacks in England has dropped by half, the study conducted by Oxford University found. But within that, regional data revealed there was a 'blip' in London that corresponded to the financial crash in 2008 and continued through 2009. Heart attack deaths have dropped due to better prevention of heart attacks in the first place with fewer people smoking and improvements in diet through lower consumption of saturated fat. The treatment of people who do suffer a heart attack has also improved leading to fewer deaths with faster ambulance response times, new procedures to clear blocked arteries and wider use of drugs such as statins and aspirin. The research published in the British Medical Journal showed around 80,000 lives have been saved between 2002 and 2008 as deaths from heart attacks declined.

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Thursday, January 26

Survey reveals expat banking fears

 

The Expat Banking Poll was sponsored by Lloyds TSB International and conducted by expat website Just Landed. Expats in Spain were found to have the most problems with banking abroad. Almost two-thirds of those polled – 64 per cent – said that they do not trust local banks at all. Some of the most common problems cited by those who distrust banks abroad include unfair charges, trouble with the language barrier and money that was deducted from their account without any explanation. Briton Graham Hunt, who runs a Spanish property website and has written some hard-hitting blogs on banking in Spain, said: "Two years ago, there was a lot more trust in Spanish banks. "But the past couple of years have seen new charges for cards, account maintenance, transfer fees... this put people into the red in unused accounts, and they were then given an additional overdrawn charge. As a result, trust disappeared." Spain is happiest expat destination 19 Jan 2012 He also claims bank charges have increased "dramatically" recently and that lack of clear communication is the major problem for expats not speaking Spanish, and banks not employing people with language skills. "However my experience is that if you have a good relationship with the bank manager then any charges on the account can usually be got back," Mr Hunt said. "You just threaten to take your business elsewhere." Ali Meehan, who runs the Costa Women community network, said however there were many reasons expats wanted to use Spanish banking services. ""Many expats bank with Spanish financial institutions because they have mortgage products or loans locally," she said. "Some banks also offer special deals if you have your UK pension paid direct to Spain." More than 11,800 expats in total were surveyed for the Lloyds TSB International report. More than half of those, 59 per cent, said that they do trust their banks abroad, while only 22 per cent of respondents said they did not trust their banks "at all". In the United Arab Emirates, 74 per cent polled said they completely trust local banks; in Kuwait, this number is even higher, at 83 per cent. In Europe, German banks receive a similar score, with 68 per cent of expats polled completely trusting their services. UK banks – though facing many problems – are completely trusted by 52 per cent of respondents. And despite uncertainties over the British pound, 36 per cent of expatriates surveyed claim they would invest in sterling over any other currency. "While the poll demonstrated a lot of positivity, there are also some issues to be addressed," said Daniel Tschentscher, managing partner at Just Landed. "In the current climate, one would expect the level of trust to be lower, but that really doesn't seem to be the case at all."

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Identity fraud biggest threat as number of scams soars

 

UK fraud levels increased by 9% last year, new figures revealed today, with identity scams the biggest contributor. Over 236,500 cases of frauds were identified during 2011– the highest number ever recorded, according to CIFAS, the UK’s Fraud Prevention Service. Nearly half of all cases were incidents of identity fraud, with some 113,000 cases reported to the CIFAS – up 10% on 2010. Facility takeover fraud – where a fraudster gains access to and uses a victim’s bank account or credit card for example – meanwhile has surged by nearly 300% in just five years and now accounts for 18% of all fraud. This means two data driven frauds make up over 58% of all frauds identified, CIFAS said. What’s more, the number of victims of both types of fraud combined has risen by 10% since 2010. Richard Hurley, CIFAS communications manager, said: ‘All organisations must recognise this threat, and review how they try to prevent such frauds: whether that is by reviewing their security procedures and increasing identification requirements when dealing with applications, or by ensuring that individuals regularly change passwords and PIN numbers’. Incidents of misuse facility fraud – where an account has been legitimately obtained but later used fraudulently – also increased some 13%. The number of false insurance claims recorded, however, has fallen 23% from 537 to 396 cases. According to CIFAS, these figures confirm that as austerity bites, economic crime continues to be a stealthy, insidious danger.

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Costa del Sol opposes drilling for oil and gas

 

IGNORING longstanding local opposition, energy giants will continue the search for gas and oil deposits off the Andalucia coast. The first outcries were heard years ago from the tourist sector, coastal towns and environmentalist groups after the Ministry of Industry granted permits for offshore prospecting. Disapproval has now increased following authorisation for Canadian multinational CNWL to begin prospecting in the Mar de Alboran between Malaga and Granada. No date has been announced but work is expected to begin within a month over an area of 130,000 hectares off Almuñecar, Salobreña and Motril (Granada) and Nerja and Torrox (Malaga). Opponents to the project have intensified calls for the new central government in Madrid to revoke the licences and urged both the PP and PSOE to take action. Last year saw a wave of protests after Repsol YPF’s permits for prospecting off Mijas, Fuengirola and Marbella were extended until August 20, 2013. These initiatives, said Marbella’s lady mayor, Angeles Muñoz, were an attack on tourism “our principal source of income” as well as the environment. Professional fishermen are convinced that fishing grounds will be adversely affected and it would be still worse if gas or oil were eventually located and drilling authorised. This could spell ruin for the eastern Costa de Sol, predicted Jose Luis Guerrero, head of the Caleta de Velez fishing guild. Professor Juan Ignacio Soto of Granada University did not share Guerrero’s view, however. The system that would be used – known in Spanish as “air gun” because it uses compressed air – does not adversely affect marine life, he claimed. And while many Costa del Sol residents were horrified at the vision of oil rigs off the coast, others welcomed the possibility. “Wouldn’t this benefit the Costa del Sol and Spain?” was an often-repeated comment on Internet blogs. Meanwhile, retired engineer with 30 years experience in the offshore oil industry, now living in Axarquia, David M. Ritchie, 69. Ritchie said that in the case above there has been longstanding 'local' opposition. “One has to view this opposition carefully and try to ascertain whether it is well informed through good research or just some people, although dedicated to their cause, simply spouting uninformed hot air. I fear that on the Costa del Sol the latter applies.” “Evidently the tourist sector is to the fore in protest. One must ask why? I have read the comment that oil rigs are unsightly. In fact they are no more unsightly that container ships. ferries, oil/gas tankers and cruise liners.” “ One more different vessel will make no difference or do the tourist sector, coastal towns and environmentalist groups wish to ban all shipping?” he said. Opponents to exploration have evidently intensified their calls for the new government in Madrid to revoke existing licences and urge the two major parties PP and PSOE to take action. “My response to this is simply on what scientifically and engineering research do they base their protests?” he asked. “I suspect they have little or no knowledge of the exploration and exploitation of natural hydrocarbons industry. I fear that they simply feel they must protest without really knowing why.” Would not Spain benefit enormously from any oil and gas found off its coasts? In these days of worldwide recession would it be right for a nation to turn its back on income to benefit its people on the say so of a few noisy pressure groups? The answer must be a resounding no! “Let's really talk of protest groups/organisations. Consider one of the biggest or possibly the best known one, Greenpeace. There was a storage unit called the Brent Spar on the Brent oilfield in the North Sea. When it became redundant, the owner Shell wished to demolish it in situ. Greenpeace mounted a very effective campaign against this and Shell filling stations across the UK Europe were boycotted. Greenpeace told the world that the Brent-Spar contained so many dangerous chemicals which if released would wreak havoc with wildlife and humanity. Their campaign was so successful that Shell capitulated and towed the Brent-Spar to a fjord in Norway where it could be 'safely' demolished under close scientific monitoring and the death dealing chemicals could be identified and safely contained. What did these experts find? Nothing, absolutely nothing! All of Greenpeace's 'scientifically backed' predictions were proved to be nothing more than false and very loud posturing. Did Greenpeace go to any pains at all to tell the world that they had made a mistake? No! Not even the smallest 'oops'. Greenpeace were proved to be loud mouthed ignoramuses.” “I left the British Royal Air Force in 1969 and joined the fledgling offshore industry in early 1970. The offshore expertise in those days was American as they had been operating in the Gulf of Mexico. Within a very short time British expertise had left the Americans behind and British 'oilmen' became the crews of choice. It was in UK offshore operations where the present strict high operational standards were developed and honed. Development of safe practices went hand in hand with operational development and in the 30 years from 1970 to 2000 the whole industry became a safer one. But of course one can never eliminate accidents and the industry suffers from any accident being a major news item providing fodder for pressure groups who chose to ignore any statistics which in a global sense showed the offshore industry as a comparatively safe one. I have never been involved directly in any incident leading to injury or contamination. Likewise I have never seen any fishing adversely affected but have seen the opposite happen and fish stocks around an offshore installation increase. I agree with Juan Ignacio Soto of Granada University when he sees no problem from drilling operations or initial sonar type surveys. As a resident of Spain I welcome any exploration and exploitation of Natural hydrocarbon resources. Oil or gas finds turned into an industry would benefit the country and the people of Spain tremendously. To oppose the exploration for oil or gas is to deny a great source of income for the whole country, so I willingly oppose the opposers.”

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Spain Plans Budget Law as Drug Firms Owed $8.4 Billion by States

 

Spain pledged to set spending limits for regional governments in a new law tomorrow as the country’s pharmaceutical lobby said the regions owe companies $8.4 billion for drugs. The People’s Party Cabinet plans the budget-stability law to flesh out a constitutional amendment that the party helped the former Socialist government pass in September. Budget Minister Cristobal Montoro said “early warning” and “automatic correction” systems will be set up to prevent overspending and sanctions will be strengthened. “The aim is to guarantee the budget stability of all administrations, boost confidence and strengthen Spain’s commitments to the European Union,” Montoro told a parliamentary committee today in Madrid. Spain’s PP government, in power since December, is trying to convince investors it can reduce its budget deficit by almost half in 2012 even as the economy suffers its second recession in two years. The law aims to increase discipline in the regional governments, which have accumulated unpaid bills after they were shut out of public debt markets and saw their tax revenues collapse. Spain’s 17 regions owed pharmaceutical companies 6.37 billion euros at the end of 2011, lobby group Farmaindustria said today in a statement. That debt has risen 36 percent from a year earlier as payments were delayed by an average of 525 days, according to the group, which has urged Prime Minister Mariano Rajoy to sell bonds backed by the unpaid bills in a program that would be guaranteed by the government. Credit Line As regions including Valencia suffer from a liquidity squeeze, Montoro has offered the states a credit line to allow them to pay unpaid bills. The government will seek tighter deficit plans in return, he said. The budget law will prevent spending rising more than projected economic growth, while giving debt redemptions and interest payments priority over other public spending. The ratio of debt to gross domestic product will be limited to 60 percent, Montoro said. The PP or its allies govern in most of Spain’s 17 regions, strengthening the government’s hand to reorder public finances. The regions, which missed their combined budget goals in 2010 and 2011, control about a third of public spending and hire half of the countries’ public workers. “We have seen the willingness of all the regional governments that Spain should have a new budget-stability law,” Montoro said today.

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Wednesday, January 25

Saravy Sok, 22, of 88 Forthill Ave., Lowell, who was identified by prosecutors as a member of the Tiny Rascals Gang-Grey, a violent street gang with ties to California, was arraigned on gun charges

 

Saravy Sok, 22, of 88 Forthill Ave., Lowell, who was identified by prosecutors as a member of the Tiny Rascals Gang-Grey, a violent street gang with ties to California, was arraigned on gun charges and a charge of armed assault to murder after the Sunday morning shooting outside 12 Benefit St. According to police and Assistant District Attorney Roberta O’Brien, a 28-year-old man was at a party at 12 Benefit St. when he got into a minor verbal argument with another partygoer. The 28-year-old man decided to leave the party, but outside the man he had argued with challenged him to a fight. The two men had begun to fight when Mr. Sok arrived to help his friend, Ms. O’Brien said. “As they were fighting, this man pulled out a gun and started shooting,” she said in court yesterday. The 28-year-old was shot once in the shoulder and twice in the leg. The injuries were not life-threatening, but the victim may suffer nerve damage, Ms. O’Brien said. The victim walked into the emergency room at St. Vincent Hospital just after midnight Sunday with the gunshot wounds. Police were called to the hospital and spoke to the victim. He told police he recognized the shooter’s girlfriend, and police were able to identify the suspect. Lowell police told city investigators that Mr. Sok was a member of the TRG-Grey gang and gave them a booking photograph from a previous arrest. Mr. Sok was identified as the suspect through witnesses, detectives and members of the Shooting Response Team. Lowell police located Mr. Sok Monday night and arrested him on a warrant for the shooting. In 2008, Mr. Sok was among a large group of gang members in the Lowell area arrested on a variety of charges. Mr. Sok was charged in federal court with weapons offenses. In mid-2009, he was sentenced to serve 32 months in prison with three years of supervised release. Ms. O’Brien said Mr. Sok was still on supervised release in the federal case when last weekend’s shooting occurred. Federal authorities said members of the TRG-Grey gang are responsible for many acts of violence in Lowell over the past decade. Mr. Sok was charged with armed assault to murder, assault and battery with a dangerous weapon, possession of a firearm without a firearm identification card, carrying a loaded firearm without a license and using a firearm during a felony. Not guilty pleas were entered. Bail was set at $50,000 cash, and the case was continued to Feb. 23.

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Tuesday, January 24

Spain’s Two Finance Ministers Clash on Budget Amid Recession

 

Economy Minister Luis de Guindos said Spain is sticking to its deficit goal even as the economy shrinks, underlining a rift in the month-old Cabinet over whether the nation can halve its shortfall during a recession. De Guindos said the government’s commitment to budget cuts is “total” and there’s “no change” to this year’s target. His comments in Brussels today came after reporters asked him about Budget Minister Cristobal Montoro’s call on Jan. 22 for the European Union to ease Spain’s 2012 deficit goal to take its shrinking economy into account. Spanish Prime Minister Mariano Rajoy divided the Finance Ministry in two after coming to power in December, putting People’s Party veteran Montoro in charge of the budget and giving de Guindos, a former Lehman Brothers Holdings Inc. banker, responsibility for the economy. Rajoy didn’t make either of them deputy prime minister, as the last two finance chiefs were, saying he would oversee economic issues himself. “It’s a trial of strength to see who’s really in charge of economic issues, and Rajoy will just let it happen,” said Ismael Crespo, a political scientist at the Fundacion Ortega- Maranon research institute in Madrid, who was head of the state polling unit when the PP was last in power. “Montoro is speaking more to the public and Guindos is speaking more to the foreigners,” he said in a telephone interview. Economy Contracting Spain’s government needs to rein in its borrowing costs and convince investors it can cut the euro region’s third-largest budget deficit even as the economy enters its second recession in two years. The Bank of Spain said yesterday the economy contracted in the fourth quarter and may shrink 1.5 percent in 2012, adding to pressure on Rajoy, who won the Nov. 20 election on a pledge of creating jobs. Budget Minister Montoro, a 61-year-old public-finance professor and lawmaker for Seville, said on Jan. 22 the EU should ease Spain’s budget target of 4.4 percent of gross domestic product this year as the goal was set by the previous government, which expected the economy to grow 2.3 percent. The deficit amounted to 8 percent of GDP last year, overshooting the 6 percent target. “If Brussels doesn’t adapt the stability program to the new scenario of a recession, it won’t be realistic and not only will Spain sink but the whole of Europe,” Montoro said in an interview with La Vanguardia newspaper in comments confirmed by a Budget Ministry spokeswoman. Austerity Commitment EU Economic and Monetary Affairs Commissioner Olli Rehn rejected Montoro’s comments today after a meeting of finance ministers in Brussels, saying it’s “essential” that Spain meets the target, and must take more measures to do so. De Guindos, 52, who described Montoro in December as his “mentor” and “friend,” said Spain would keep its promises. The task of attending the European meetings falls to de Guindos, who speaks fluent English, while Montoro stays in Spain. “The government’s deficit target is 4.4 percent and there is no change in this respect,” de Guindos said after the meeting today. It isn’t the first time the pair has given differing messages in the past week. De Guindos, who is not a member of parliament, wrote in the Wall Street Journal on Jan. 19 that budget cuts were “not a choice.” The same day Montoro was quoted as telling the Financial Times Deutschland newspaper that the nation may miss its budget goal. The two gave conflicting reports of the 2011 deficit on Jan. 2, as de Guindos said the overshoot may have been even greater than the government’s first estimate. De Guindos’ position on this year’s shortfall is backed up by Deputy Prime Minister Soraya Saenz de Santamaria, who said on Jan. 20 that the government was “determined” to meet the existing target. Rajoy holds a news conference later today after meeting Portuguese Prime Minister Pedro Passos Coelho at 5 p.m. in Lisbon.

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Monday, January 23

Gang killings review welcomed by barrister

 

A top Bradford barrister has welcomed proposals to simplify the law on gang-related killings. Stephen Wood, who is based at the Broadway barristers’ chambers, said there were miscarriages of justice due to the complexities of the ‘joint enterprise’ rule, which allows groups or gangs to be charged with murder, even if only one person delivers the fatal blow. MPs on the Commons Justice Select Committee last week said a new, less complex law on such killings was needed to ensure justice for victims and defendants. A change in the law would also cut the number of appeals, the committee said. It claimed the law surrounding gang murder cases was now so complicated juries might find it impossible to understand how to reach the right verdict.

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Salsa in Buddha Marbella

 

ON WEDNESDAY NIGHT WE DANCE SALSA IN BUDDHA MARBELLA!   EVERY WEDNESDAY come and move your body to the rhythm of salsa music in Buddha (Marbella)! The whole Nicolas Valiente Dance Academy will be there too… You don’t want to miss it! Buddha Bar, Marbella Avenida del Mar marbella 29600
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The Abu Dhabi General Prosecution for Public Funds has ordered the detention of two Europeans and other individuals on charges of embezzlement and fraud.

 

 A year ago, the suspects are alleged to have started a fake project selling properties in the United Kingdom at competitive prices. They allegedly targeted UAE investors. Investigations have since revealed that the company does not have a real estate licence and that the accused defrauded 40 investors. The General Prosecution seized around Dh3 million the suspects allegedly swindled from their victims, in addition to Dh100,000 found while inspecting the fake company. Another Dh250,000 in the firm's account was also confiscated. Article continues below The central bank has been asked to give a report on all the transactions carried out by the company. The means of information technology used by the defendants for the management of their operations have been identified by authorities, with Interpol being asked to arrest the other defendants in the case. An official in the Attorney-General's office urged investors in the UAE to be on their guard and to ensure the companies they deal with are authorised to carry out real estate activities in the country.

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Asil Nadir faces £34m theft charges in biggest ever fraud trial

 

The biggest ever British fraud trial begins today when Turkish-Cypriot tycoon Asil Nadir stands up at the Old Bailey to face £34million theft charges. He is accused of 13 counts of theft dating back to the 1980s from Polly Peck, his failed business empire that folded in 1990 under the weight of its £1.3billion debt. When he joined Polly Peck in the early 1980s it was an ailing textiles firm which he transformed into a FTSE 100 conglomerate that housed the Del Monte fruit business and the Sansui electronics firm. On trial: The SFO alleges that Nadir transferred millions out of Polly Peck in the years preceding its collapse Following the collapse he jumped a £3million bail and fled in 1993 to Cyprus, which has no extraditions treaty with the UK, but returned in August 2010 stating he wanted to clear his name. Nadir has argued in the past that there was a grave abuse of process in the case brought against him by the Serious Fraud Office. For years he has alleged that the police and the SFO placed the judge in his case under improper pressure, made false allegations of corruption against him and his advisers and seized documents necessary for his defence. The 70-year old has pleaded not guilty to the 13 charges, which include theft of £33.1million and £2.5million from the company between 1987 and 1990. Under Nadir’s leadership the firm’s market value ballooned from £300,000 to £1.7billion, and an investment of £1,000 from the late 1970s would have been worth £1million at its peak. The SFO alleges that Nadir transferred millions out of Polly Peck in the years preceding its collapse. Its demise hit pension funds and small shareholders. The case is due to last at least four months. Nadir’s fall embarrassed John Major’s Conservative government after it emerged that a Tory minister, Michael Mates, had given Nadir a watch engraved ‘Don’t let the buggers get you down’. Mates, the minister of state for Northern Ireland, resigned over his links to the businessman. Nadir was a major donor to the Tories, pouring more than £1million into party coffers between 1986 and 1990. He was a regular guest in Mrs Thatcher’s Downing Street, and was consulted on overseas development and Middle Eastern trade.

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No one calls him Sir Allen Stanford anymore. He is inmate number 35017-183.

 

On Monday, the Texas financier heads to court in Houston to battle charges that he operated a $7 billion Ponzi scheme from Stanford International Bank Ltd, his offshore bank on the Caribbean island of Antigua. By all accounts, his was a life of luxury, filled with private jets, yachts, mansions and the sport of cricket. Deemed a flight risk in June 2009 by a federal judge, the 6-foot billionaire has been in jail, sporting prison-issue green and orange jumpsuits and shackles instead of the dark, tailor-made suits he once ordered in bulk. Stanford, a native Texan who was knighted by the government of Antigua in 2006, is accused of misleading investors about certificates of deposit (CDs) issued by his offshore bank, in one of the biggest white collar fraud cases since Bernard Madoff. The CDs were touted as safe, with funds "generally invested in investment grade bonds, securities and foreign currency deposit," according to literature distributed by Stanford's brokerage firm. Instead, prosecutors allege, Stanford invested CD proceeds in illiquid pet-project investments that included Caribbean real estate, a Cowboys and Indians magazine and a pawn shop operator. He also loaned more than $2 billion to himself. The alleged Ponzi scheme started to unravel in late 2008 as the financial crisis deepened and more and more investors asked for redemptions, a situation that left Stanford scrambling for cash. Prosecutors will likely rely heavily on the testimony of the firm's former Chief Financial Officer James Davis, who pleaded guilty in August 2009 and has been cooperating with the government. The two men were college roommates at Baylor University in Waco, Texas. In past interviews, Stanford has blamed Davis, a theme that is likely to be repeated by the defense at trial. "I didn't oversee anything in the investment portfolio, that was the CFO's responsibility," Stanford told Reuters in a 2009 interview. "The CFO had investment committees, the chief investment officer reports to him." Stanford, 61, has pleaded not guilty to 14 criminal counts of fraud, obstruction of a federal investigation and conspiracy to launder money. Among the alleged crimes prosecutors expect to prove to the Houston jury is that Stanford was involved in falsifying financial statements and made false statements about Stanford International Bank's financial condition. PAUPER IN LOVE Stanford's health has declined since his arrest. He was injured in a jailhouse brawl in 2009 and suffered from an addiction to a powerful anti-anxiety medication. He has hepatitis B and cirrhosis of the liver, and, if convicted, will likely spend he rest of his life in prison. The SEC seized all of Stanford's assets in February 2009 after filing a civil lawsuit. His lawyer at the time, Dick DeGuerin, said the government's action did not even leave enough money for his client to buy underwear. Once No. 205 on Forbes' list of richest Americans, Stanford's defense is paid for with U.S. tax dollars and his 81-year-old mother is struggling to help. "I've maxed out my credit cards and I'm on my last few thousand dollars of savings," said Sammie Stanford. She even had to do a reverse mortgage on her home "to get some extra cash," she said in December after a court hearing. After his arrest, Stanford had a bevy of women, four of whom are mothers of his six children, attend his court hearings. He had a "fiancee" half his age even though he remains legally married. Stanford lavished the women in his life with trips on private jets, luxury homes and, in one instance, spousal support payments of $100,000 per month, according to court documents. His oldest daughter, Randi, lived in a luxury Houston high-rise paid for by her father, for whom she worked. Court records from a 2007 paternity case, that was settled, showed Stanford also paid about $150,000 a year in child support for two other children who lived with their mother in a $10 million house in Florida. But now, in addition to losing his fortune, Stanford has only the support of his parents and family and not the harem of loyalists seen earlier. Only his mother lasted through the entire three days of testimony last month at a hearing in which Stanford was judged competent to stand trial. The man who once ran a business with operations in 140 countries has different priorities now. In a recent court hearing he could be heard complaining about being served a peanut butter sandwich on stale bread.

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Spain's fast rail forestalled problems for farms

 

On a crisp Saturday morning last fall, Luis Valciente and Mercedes Martin enjoyed the quiet of their farm about 20 miles northeast of Seville. The retired husband and wife bought their patch of land in 1987, several years before Spain's first high-speed trains started running between Madrid and Seville. "It's very tranquil, which is what we like after all these years," Martin said through an interpreter. Without warning, a loud "swoosh" briefly interrupted the couple. It was one of Spain's AVE high-speed trains rushing on tracks about 100 feet from the rear of the couple's modest home. Within seconds, the noise subsided and the couple resumed their chat. To train passengers, the Valciente farm is little more than a blur about 10 minutes before they get to Seville, the southern terminus for the trains. Each arrival sends fresh activity through the station and a surge of cabs, cars and pedestrians onto the streets near the historic city's commercial center. Nearby restaurants, shops and rental-car agencies vie for attention from the arrivals. Spain's system connects urban centers and smaller provincial capitals while crossing fertile agricultural regions, much like California's planned high-speed rail system. In the countryside, Barcelona transportation engineer Andreu Ulied said, the Spanish government went to great lengths and expense to minimize the effect on farms. It skirted farmland where it could, built frequent overpasses and underpasses, and generously compensated owners who lost property to the project. In larger Spanish cities such as Madrid, Seville, Valencia, Cordova and Barcelona, stations for high-speed trains are in developed, central-city commercial districts. In Barcelona, preservationists' fears of a train tunnel under the Basilica de la Sagrada Familia forced extensive engineering measures to avoid damaging the iconic church. Most merchants near the stations say high-speed rail is good for commerce, but they are unsure whether it has directly helped their stores and restaurants. Ulied, economist Germà Bel and others say the prospects for economic gains by high-speed rail cities are murky at best, and at worst could bleed commerce from smaller cities between larger destinations. Valciente and Martin, who are in their 70s, tend to fruit trees and corn on their 6½-acre farm. The AVE trains speed by the farmstead several times an hour, "and it hasn't affected us at all," Valciente said. "We don't even feel them," Martin added. The trains create no wind turbulence, she said, and are less bothersome than slower, regional commuter trains. Conventional trains were there when Valciente bought the farm, but he doesn't think AVE trains affected his property value, and if neighbors have complaints, he hasn't heard them. High-speed rail raised little opposition from the agriculture industry. That experience stands in contrast to the objections by farmers in the San Joaquin Valley, where faith in the state rail authority and the economy are in short supply. Growers and ranchers say they fear losing farmland and homes, and worry the tracks will keep them from moving across their land. They also doubt they'll be fairly compensated for their property or troubles. Spanish officials worked with farmers to head off concerns, said Pedro Pérez del Campo, environmental policy director for ADIF, the government-owned company that runs the system. "It's in our interest to make it easier for the farmers," he said, noting the priority is to ensure farmers with divided property can reach all of the land. "About every 500 meters, there is the ability to pass from one side of the rail to the other. We are obligated that if the rails were to cross your property, we have to give you the ability to cross."

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Spain workers lose bridge holidays in debt crisis austerity move

 

Considering how many of his friends are unemployed, electrician Javier Ramirez felt like he'd hit the jackpot when his company scored a contract for government buildings here in Spain's sprawling capital. He gets paid by the hour, and rewiring 250-year-old marble halls is a formidable job that should feed his family for years. The problem is, Ramirez worked only about half of last month, and the time off wasn't his choice. It was courtesy of Spain's slate of religious and municipal holidays — a generous 14 per year, 40% more than in the United States — and a beloved little tradition called the puente, or "bridge." Puentes result when a holiday falls on a Tuesday or Thursday and, to make a long weekend, workers take off the Monday or Friday in between. Many employers tacitly acquiesce to an extra vacation day, and some close their offices altogether. Along with the siesta and three-hour lunches, puentes are one of the delicious little time-wasters that have the Spaniards thumbing their noses at more rigid schedules in northern Europe, efficiency be damned. But Europe's debt crisis has decimated Spain's workforce, and unemployment here tops 23%. Now, with northern leaders increasingly scolding the "layabouts" of the south, Spanish Prime Minister Mariano Rajoy says the puentes are something Spain can no longer afford. So, in a nearly $20-billion package of spending cuts and tax increases passed by the parliament this month, Rajoy took aim at the puentes. Starting this year, most holidays that fall midweek will be moved to Monday, limiting workers to a three-day weekend. A few holidays, such as Christmas and New Year's Day, will still be celebrated on fixed dates, but other fiestas that many Spaniards hold dear — the Day of the Blessed Virgin's Immaculate Conception, or the slightly more obscure Festival of St. Mary of the Head, to name just two — will be celebrated on Mondays, in much the same way Americans celebrate Labor Day or Memorial Day. It's too early to put a dollar figure on the potential savings, or to know how many Spaniards might take a vacation day in defiance or out of habit, and create a four-day weekend where they always had one. But the move could significantly boost productivity and outweigh potential losses for hotels, which benefit from domestic tourism with longer weekends, said Gayle Allard, an economist at Madrid's IE Business School who previously worked in Spain's banking sector. "We had problems being on the same schedule with other financial centers. Spaniards were working their traditional day, with the long lunch, and then they stay late at night," Allard said. "If they could kind of align working hours, drop the idea of the siesta and get rid of the puentes, it might actually be beneficial for Spaniards to work a more compact day and week, more similar to European hours." Many Spaniards lucky enough to have jobs these days are underemployed — law graduates working in restaurants, for example. And with a hiring freeze on public jobs, more and more Spaniards are working for hourly pay, with no benefits or job security. They're the ones who lose money on the puentes, among them electrician Ramirez, who doesn't get paid for time off. "I don't really want that relaxing day; I prefer to work," the 36-year-old said as he lined up to go through security early one recent morning to work at the Ministry of Public Works building in downtown Madrid. "I want to take my vacation when I want. So the puente, for me, it's an annoying thing." But for salaried workers, it's a different story. "The change doesn't really affect us office workers, because if we want a long weekend, we've still got plenty of vacation days," said Juan Carlos Yebra, a 38-year-old Web designer in Madrid. "But the puente is definitely a tradition here. Outside Spain, I have a feeling we might be famous for this," he said, laughing. "My co-worker, for example, is from England, and she's constantly saying, 'You're always on vacation!'"

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Spain’s economy contracted in the fourth quarter and will shrink 1.5 percent this year,

 

Spain’s economy contracted in the fourth quarter and will shrink 1.5 percent this year, the Bank of Spain estimated, undermining government efforts to cut the budget deficit amid the second recession in two years. Gross domestic product fell 0.3 percent in the quarter, the most in two years, and grew 0.3 percent from a year earlier, the Madrid-based Bank of Spain said today in its monthly bulletin. Economic output may decline this year as unemployment reaches 23.4 percent, returning to growth of 0.2 percent in 2013, the central bank said. The forecasts are based on the premise that the government will adopt additional austerity measures to meet its budget goals “strictly.” Spain’s new government, in power since Dec. 21, is aiming to reduce the budget deficit by about half this year even as the economy slumps. Spain is already in a recession, Budget Minister Cristobal Montoro said on Jan. 18. Credit is shrinking at a record pace and the country has the highest unemployment in the European Union at 22.9 percent. “It’s going to be very difficult to meet the target but it all depends on what measures the government takes,” Jose Luis Martinez, a strategist for Spain at Citigroup Inc. in Madrid, said in a telephone interview. “The important thing is that brave steps are taken to allow for a stronger recovery.”

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Sunday, January 22

Fake Ryanair pilots sentenced for smuggling cocaine into Spain

 

One was a flight attendant for the airline and obtained the pilots' uniforms which helped them to bypass airport securityEFE archive A gang which used fake pilots to bypass airport security and smuggle regular shipments of cocaine into the country has been sentenced by the Alicante provincial court, after 13 kilos of cocaine were discovered at their drugs store in Benidorm. The street value of the drugs found there in a police swoop in July 2009 is given at close to half a million €. One of the defendants was a flight attendant for Ryanair who obtained pilots’ uniforms for himself and an accomplice, allowing them to bypass security at Barajas Airport. The attendant, José Antonio H.P., had been under investigation since the start of 2009 and is thought to have been paid 20,000 € for each of the trips that he made as a drugs courier. The two men have each been sentenced to more than seven years in prison. A third gang member who stored and distributed the drugs, and is thought to have been the leader, was sentenced to eight and a half years, while a fourth received four years as an accomplice.

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Costa tragedy: 'Get back on board, damn it!' T-shirts a hit

 

A coast guard officer's "Get back on board damn it!" order to the fleeing captain of the capsized Costa Concordia liner is being printed on T-shirts by a company hoping to inspire Italians to rescue their country from economic crisis. Italians have made a hero of coast guard officer Gregorio De Falco for his angry exchange with skipper Francesco Schettino - who has been blamed for the accident and is now under house arrest accused of manslaughter, causing a shipwreck and abandoning ship. Stefano Ramponi, owner of the Lipsiasoft web agency that is producing the T-shirts and selling them on the Internet for 12.9 euros ($16.63), said they had become an instant hit both in Italy and abroad. "We have had a lot of requests from all over the world, from Brazil, Hong Kong, also from Germany and France, the UK. Everyone is asking us for it," he said. He said he had been criticised by some people for making money out of the January 13 disaster, in which 11 people died and 21 are still missing. But he hoped the slogan will become a rallying cry for all Italians to shoulder their responsibilities and work together to navigate through recession and get the euro zone's third largest economy back on course. "We liked this phrase a lot because it was said by Captain De Falco in an extremely difficult situation, it really impressed us," Ramponi said. "We wanted to... distribute it en-masse...particularly to all the people in Italy who don't concentrate on their jobs, who don't give their all and do harm to Italy in this time of crisis."

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Friday, January 20

Pound Falls Versus Euro, Gilts Drop as France, Spain Sell Debt

 

The pound posted its biggest weekly decline against the euro in almost three months and gilts dropped as French and Spanish borrowing costs fell at their first debt auctions after their credit ratings were cut. The yield on 10-year gilts rose the most in four months as demand for the relative safety of AAA government bonds eased amid signs global growth hasn’t lost momentum. Reports this week showed U.K. retail sales rebounded in December while U.S. initial jobless claims fell to the least in almost four years. Further advances in gilt yields may be limited next week before a report predicted to show the U.K. economy contracted in the fourth quarter of last year. “There are worries that the U.K. economy is heading back into recession,” said Michael Derks, chief strategist at FXPro Financial Services Ltd. in London. “It would not be surprising to see further weakness of the pound against euro in the near term.”

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News International faces FBI phone hacking probe

 

Yesterday the company paid the actor £130,000 after accepting that it had published stories gleaned from hacking his phone. One of the articles News International accepted had come from phone hacking was a 2003 story in the News of the World which referred to telephone calls Law’s assistant Ben Jackson had made to him when he arrived at an airport. It is believed the airport was John F. Kennedy airport in New York. News International’s admission has led the US authorities to investigate whether a crime took place on American soil. It is thought the possibility that Law’s phone was using an American network at the time could lead to offences having been committed under US law.

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Thursday, January 19

Ruling due in Costa del Sol bus crash

 

On Thursday afternoon, a Spanish court is to hand down the sentence in the case of a bus crash that left nine Finnish tourists dead in April 2008. The criminal court in Málaga is to sentence the driver of an SUV. The drunk driver caused the accident by crashing into the bus on a motorway on the Costa del Sol. Thirty-eight people were injured. The prosecutor is seeking a four-year prison term and a six-year driving ban for the man, who was 27 at the time.

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Wednesday, January 18

Mention of Mafia at hearing for Hells Angel murder

 

References to the Mafia surfaced Tuesday as prosecutors and public defenders argued whether names of some witnesses should be kept secret at the upcoming murder trial for a Vagos motorcycle gang member accused of killing a high-ranking Hells Angel during a shootout at a Nevada casino. Ernesto Gonzalez, a Vagos member from San Francisco, is accused of fatally shooting the president of the rival Hells Angels' San Jose chapter, Jeffrey "Jethro" Pettigrew, during the Sept. 23 melee at John Ascuaga's Nugget in Sparks. Lawyers for Gonzalez and two other men charged in connection with the killing asked Washoe District Judge Connie Steinheimer to order prosecutors to release the name of another Vagos member who testified confidentially before the grand jury that indicted all three men in November. But police testified Tuesday that the unidentified Vagos member fears for his life and is bound for a witness protection program. "The Hells Angels are a well-known, outlaw motorcycle gang, as are the Vagos, and people are scared of them," Deputy District Attorney Karl Hall said. Police Sgt. Eric Bennett, an investigator from San Bernardino, Calif., said yet another Vagos member who was wounded during the casino shootout - Leonard Rameriz of Garden Grove, Calif. - met with a member of the Mafia in the weeks after the killing. "We know a member of the Vagos met with the Mafia and gave him copies of affidavits for search warrants," Bennett said. He said that while the confidential witness is identified only as a number in the grand jury transcripts made public, there may have been clues to his identity in the search warrants. Rameriz, who was shot in the stomach but survived, also visited the residence of the secret witness and attempted to contact one of his friends, Bennett said. "He's afraid for his safety," he said. "Some (Vagos) members do know who he is." Steinheimer said she would consider the arguments and rule in the coming days whether the names of the confidential witnesses should be provided to the defense lawyers. Gonzalez, who police said is the president of a Vagos chapter in Nicaragua, appeared in court under heavy security Tuesday along with co-defendants who face the equivalent of murder charges for their role in the brawl that led to the fatal shooting. Gary Rudnick, the vice president of the Vagos Los Angeles chapter, is accused of instigating the fight by provoking Pettigrew. Cesar Villagrana, a Hells Angel member and friend of Pettigrew's, is accused of shooting Rameriz and another Vagos wounded that night. Gonzalez and Rudnick, whose nickname is "Jabbers," both wore bullet proof vests, shackles and handcuffs in court Tuesday. They're being represented by public defenders and are being held in the Washoe County jail awaiting their trial set to begin Oct. 29. Villagrana, who claims he was acting in self-defense and is free on $300,000 bail, is represented by David Chesnoff, a high-profile defense lawyer from Las Vegas. Chesnoff said Villagrana's rights are being violated because he doesn't have a chance to question the witness whose name remains secret and whose testimony was key to the grand jury indictment. He tried to make his point by asking two police officers testifying Tuesday whether they would want their defense lawyer to be able to question all the witnesses if they were accused of a crime they didn't commit. The officers acknowledged they would. "This isn't done in secret," Chesnoff said. "I want equal protection under the law here." The confidential witness told the grand jury he had been a member of the Vagos for 27 years and been part of its "higher echelon" of leadership "before this event." He said "Jabbers" is known for having a "big mouth" and was responsible for provoking a fight with Pettigrew that turned the casino floor into a shooting gallery. Rudnick had refused to back down even after national Vagos officers were summoned and talks with Hells Angels' leaders had calmed the volatile situation shortly after 10 p.m., the grand jury witness said. But about an hour later, Rudnick again was taunting Pettigrew, who the witness said "in the Hells Angels world is one of the most important guys in the United States." Finally, he said Pettigrew had enough and punched Rudnick in the face, touching off a series of fights that led to the gunfire. "All hell broke loose," the witness testified. "Just bam, bam, bam, bam, bam, bam, bam, bam, bam, bam, bam." Other witnesses who testified before the grand jury on condition of confidentiality included the director of security and the director of surveillance at the Nugget. Gonzalez was arrested in San Francisco on Sept. 30. He told arresting officers that the Hells Angels were after him and asked them to get him out of the area as fast as possible when he was nabbed sitting in a rental car near campus police headquarters at the University of San Francisco, police said.

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Five European tourists killed in attack in Ethiopia

 

Gunmen in northern Ethiopia have attacked a group of European tourists, killing five, injuring two and kidnapping four people, according to a government official. Bereket Simon, the Ethiopian communications minister, said the attackers struck before dawn on Tuesday. The dead were two Germans, two Hungarians and an Austrian; two Germans and two Ethiopians were kidnapped, and an Italian and a Hungarian were wounded in the attack. Simon blamed rebels trained and armed by neighbouring Eritrea, which remains a bitter foe. "The attack occurred at 5am on Tuesday, in which Eritrean-trained groups also kidnapped four," Bereket told Reuters. "Two of them are foreigners; one is a driver and the other a policeman." Eritrea dismissed the allegation as an "absolute lie". The tourists were visiting the volcanic Afar region, which is one of the hottest places in the world and a known haunt of rebels and bandits from Eritrea and Ethiopia. Simon said the attack occurred 12 to 15 miles from the Eritrean border. A German media report said the group of tourists had been close to the Erta Ale volcano, one of Ethiopia's most active. The Afar region is a known haunt of bandits from Ethiopia and Eritrea. Photograph: Reuters Ethiopian state television reported that there were eight tourists in the targeted group, but Simon suggested the party was bigger. An Austrian foreign ministry spokesman, Peter Launsky-Tiefenthal, said two groups totalling as many as 22 people may have been attacked, though he said the numbers were unconfirmed. Girma Asmerom, Eritrea's ambassador to the African Union (AU), said Ethiopia's allegations were "fabricated" and the attack was an internal Ethiopian matter. "This is pathetic, an absolute lie," he told Reuters. "Eritrea has nothing to do with any of these movements." Eritrea gained independence from Ethiopia in 1993 but the two countries soon became embroiled in border disputes. The east African countries fought a war from 1998 to 2000, which claimed the lives of about 80,000 people. Tension grew last year when a UN report revealed that Eritrea was behind a plot to attack an AU summit in Ethiopia in January. "It has become a trend for Ethiopia to fabricate sensational news against Eritrea whenever the summit is nearing," Girma said. In 2007, five Europeans and 13 Ethiopians were kidnapped in Afar. Ethiopia accused Eritrea of masterminding that kidnapping but Eritrea blamed an Ethiopian rebel group. All of those hostages were released, though some of the Ethiopians were held for more than a month. In 2008, Ethiopia foiled a kidnapping attempt on a group of 28 French tourists in the area. Foreigners who venture into Afar usually include researchers, aid workers and adventure tourists visiting geographical wonders such as the Danakil depression and ancient salt mines. Launsky-Tiefenthal said an Austrian foreign ministry travel warning had been in effect for the region since 2007 "because of several incidents involving attacks on tourist groups ... in some cases politically motivated, in others criminally motivated". He added: "The problem is, there is no infrastructure in the area. No telephone lines; satellite phones barely work." He likened Afar to "the surface of Mars".

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Costa Concordia Cruise Ship Disaster: Captain Says He 'Fell Into Lifeboat' And Could Not Escape

 

The captain of the stricken cruise ship Costa Concordia has told investigators he "fell into a lifeboat" during the evacuation and could not get out again. Francesco Schettino gave the excuse during three hours of questioning with an investigating magistrate before he was released from custody and given house arrest. The skipper, 52, was arrested on Saturday on suspicion of manslaughter and abandoning the cruise liner while passengers were still onboard. The death toll from Friday night's disaster now stands at 11, while 28 others including 24 passengers and four crew are still missing.

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Passengers feared death after cabin crew accidentally issued emergency landing message

 

Duncan and Tracey Farquharson were flying to London from Miami when a recorded message came over the public address system announcing that the aircraft was going down. Passengers on board began panicking, believing that they would be killed before a flight attendant apologised, saying the message was a mistake. However, the pair yesterday accused the airline of trivialising passengers’ concerns, claiming that staff issued a “blasé” apology and did not explain the error until hours later when they were coming in to land at Heathrow. Mr Farquharson, 58, an engineer from Twickenham, London, said: “We were about three hours into the flight when an automated message came over the tannoy saying: ‘This is an emergency, we will shortly be making an emergency landing on water’. “We looked at each other and figured we were both about to die. Families with children were distraught and people were in tears. It was very distressing. “About 30 seconds later one of the cabin crew told us to ignore the announcement and accept their apologies but the tone of suggested they had not grasped how seriously we had taken it. “Imagining yourself plunging towards a cold, watery grave in the middle of the Atlantic is a pretty horrific thought but they seemed very blasé about it.” Mrs Farquharson, 51, an administrator, added: “The captain didn’t even say anything about it until when we were coming in to land and even that did not explain what had happened. “It still makes me very emotional thinking about it now – it was very traumatic. We’re going to complain to British Airways about the way we were treated.” A British Airways spokesman said cabin crew apologised for the incident aboard the flight on Friday night and that staff spoke to passengers individually to reassure them. The spokesman said: "A pre-recorded emergency announcement was activated in error on our flight from Miami to Heathrow on Saturday January 14. "The cabin crew cancelled the announcement immediately and sought to reassure customers that the flight was operating normally. "We would like to apologise to passengers on the flight for causing them undue concern. "We take such matters seriously as safety is our paramount concern." Share:     inShare 5 UK News News » How about that? » Murray Wardrop » IN UK NEWS   Bafta 2012 nominees   London Art Fair 2012   Telegraph readers' photos   We Are Not The Dead   Crazy customised coffins

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Finca La Garganta, near the village of Conquista, on the border of Castilla La Mancha, is one of the largest and most exclusive hunting estates in western Europe.

Finca La Garganta, near the village of Conquista, on the border of Castilla La Mancha, is one of the largest and most exclusive hunting estates in western Europe.

It is teeming with wildlife including wild boar and stag which William and Harry, both crack shots, are said to be keen to bag.

Beaters and packs of dogs were brought in to ensure that the princes did not return home without several 'kills' to their name.

The brothers have visited the estate before and last time were said to have bagged a staggering 740 partridge on a single day.

The second and third in line to the throne arrived in Spain on Friday on separate flights as they are not allowed to travel together in case of an accident.

William , 29, who was not believed to be accompanied by his wife, the Duchess of Cambridge, flew into Seville while Harry, 27, arrived on a private jet at Cuidad Real Central later in the afternoon.

Hunting: The sprawling estate owned by the Duke of Westminster in Cordoba, Spain, where the Princes were on the hunt for wild boar

Hunting: The sprawling estate owned by the Duke of Westminster in Cordoba, Spain, where the Princes were on the hunt for wild boar

Traditional: The Princes stayed at the Duke's Spanish property over the weekend

Traditional: The Princes stayed at the Duke's Spanish property over the weekend

They took up residence in a ten bedroom villa with a group of friends and their Scotland Yard bodyguards, one of three luxurious hunting lodges built at the heart of the estate at a cost of several million pounds by the reclusive Duke.

 



It has marble floors, wooden beams - and its own jacuzzi and sauna.

The estate has just one  – practically impassable – public road, its own petrol station and a fleet of armed security guards driving 4x4s to keep any undesirables at bay.

Thrill of the chase: Prince William hunting foxes with the Duke of Beaufort's Hounds close to Tetbury, Gloucestershire, in 2002
Prince Harry on a shoot on the Sandringham estate

Sharpshooters: Prince William at the Beaufort Hunt, Tetbury, in Gloucestershire, left, and Prince Harry on a shoot at Sandringham 

In the bag: The princes, who are both crack shots, had their sights on wild boar during the hunting trip

In the bag: The princes, who are both crack shots, had their sights on wild boar during the hunting trip

The Duchess of Cambridge Kate Middleton did not join Prince William on his trip to Cordoba

The Duchess of Cambridge Kate Middleton did not join Prince William on his trip to Cordoba

More than 15,000 hectares in size with a 40 mile perimeter, the Finca also boasts  a private train station and accommodation for nearly 100 staff.

It is understood that William took his then girlfriend, Kate Middleton, to the estate a couple of years ago when they took part in a wild boar and deer hunt involving hundreds of local beaters

According to one local employee, they killed 'dozens' of animals that day.

'They were mostly very good shots, ' said an estate employee.

Their latest trip was organised  as an early celebration to mark Prince Harry's graduation as a fully operational Apache attack helicopter pilot.

He is due to be assigned to one of the Army Air Corps Apache squadrons at RAF Wattisham in Suffolk and could be posted back to the frontline in Afghanistan by the end of the year.

The holiday is also something of a farewell for William who is due to be stationed in the Falkland Islands with his RAF Search and Rescue crew for six weeks from next month.

Locals said the princes remained on the estate all weekend and were due to fly back yesterday.

A Clarence House spokesman said : 'We cannot discuss the movement of the princes as they are on a private weekend.'



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Princes William and Harry fly to Spain for secret weekend hunting trip

 

They bagged themselves several brace of pheasant at Sandringham over Christmas. But at the weekend Prince William and Prince Harry set their sights on bigger game. The brothers flew to Spain on Friday for a secret hunting trip to celebrate the end of Harry's advanced helicopter training. The royal pair were staying on an estate in the backwaters of rural Cordoba owned by the Duke of Westminster, Gerald Grosvenor, Britain's third-richest man and one of William's godfathers. Finca La Garganta, near the village of Conquista, on the border of Castilla La Mancha, is one of the largest and most exclusive hunting estates in western Europe. It is teeming with wildlife including wild boar and stag which William and Harry, both crack shots, are said to be keen to bag. Beaters and packs of dogs were brought in to ensure that the princes did not return home without several 'kills' to their name. The brothers have visited the estate before and last time were said to have bagged a staggering 740 partridge on a single day. The second and third in line to the throne arrived in Spain on Friday on separate flights as they are not allowed to travel together in case of an accident. William , 29, who was not believed to be accompanied by his wife, the Duchess of Cambridge, flew into Seville while Harry, 27, arrived on a private jet at Cuidad Real Central later in the afternoon.

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World Bank warns emerging nations to prepare for slump

In a report sharply cutting its world economic growth expectations, the World Bank said Europe was probably already in recession. If the euro area debt crisis deepened, global economic forecasts would be significantly lower. "The sovereign debt crisis in the eurozone appears to be contained," Justin Lin, the chief economist for the World Bank, told reporters in Beijing on Wednesday. "However, the risk of a global freezing-up of the markets and as well as a global crisis similar to what happened in September 2008 are real." The World Bank predicted world economic growth of 2.5pc in 2012 and 3.1pc in 2013, well below the 3.6pc growth for each year projected in June. "We think it is now important to think through not only slower growth but sharp deteriorations, as a prudent measure," said Hans Timmer, director of development prospects at the bank.

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Sunday, January 15

Birmingham murders: Second man arrested

 

A second man has been arrested on suspicion of murder over the death of a couple in Birmingham. The 41-year old is being questioned over the murder of Carole, 58, and Avtar Singh-Kolar, 62, who were found dead at their home in Handsworth Wood. Post-mortem tests confirmed the couple died as a result of blunt force trauma to the head and that both had been struck a number of times. A 24-year-old man arrested on Friday in Birmingham remains in custody. The couple's bodies were discovered on Wednesday by their son, Jason, a serving police officer.

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M&S workers pose nude for charity calendar sold under the counter

M&S workers pose nude for charity calendar sold under the counter

A calendar with pictures of scantily clad Marks & Spencer staff has raised £2,500 for charity despite having to be sold under the counter.

M&S calendarThe M&S workers were asked to keep the calendar under the counter (Picture: SWNS)

The publication features naked and topless workers in Calendar Girls-type poses involving items for sale such as cakes, newspapers, underwear and marshmallows. 

It was not intended for sale to the public but word got around and copies were bought discreetly.

‘We weren’t really allowed to put it on display in the shop,’ said one member of staff at the store in Barnstaple, Devon.

‘It was a bit of a brown paper bag job, to be honest.’

M&S naked calendarThe saucy calendar is raising money for North Devon District Hospital's Chemotherapy appeal. (Picture: SWNS)

Marks insists only a limited number of calendars were produced, all of which have now been sold.  

A M&S spokesman said: 'M&S supports the Barnstaple store's efforts to raise funds for the North Devon Health Care Chemotherapy Unit. 

'A limited number of calendars were produced by members of staff for sale to friends and family, and were never intended for commercial sale in-store




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