19:49
Spain, whose economy – the fourth largest in the eurozone – is staggering under a burden of debt, is preparing for further austerity measures after its finance minister revealed that the 2011 budget deficit was substantially higher than expected. The deficit came to 8.51% of GDP – far higher than the European Commission’s own forecast of 6.5%. Brussels will now effectively dictate the 2012 budget ceiling which Spain will announce on Friday. The country will have to come up with more than 40 billion euros in savings to meet that target. However, most economists say the planned cuts are impossible as the economy is already slipping into recession. Spain has been in the eye of the European debt crisis storm ever since its Socialist government racked up one of the bloc's largest budget deficits. The Socialists were trounced for mishandling the crisis. As a result, a new conservative government began a four-year term in December. It faced a wave of massive protests when it swiftly introduced tax hikes and spending cuts to the tune of around 15 billion euros. More anger followed when the new prime minister, Mariano Rajoy, introduced a labor decree making it easier for employers to fire workers. His reforms are said to be part of a program aimed at creating jobs: the country has the developed world's highest unemployment rate, at 23%. But the new legislation sparked an outbreak of discontent with hundreds of thousands taking to the streets of Madrid and other major cities. The unemployment rate for Spaniards aged between 16 and 24 stands at 48.6%, and 39% for those between 20 and 29, according to this month’s government report. There are no official statistics but estimates suggests thousands are emigrating monthly and the country last year saw more people leave Spain than arrive in the country for the first time in a decade. One of the main sources of discontent is bad real-estate debts left over after Spain's housing bubble burst. The debt crisis led to a crash in Spanish real estate with thousands of new houses standing empty, resulting in a rash of so-called ghost-towns country-wide. Spaniards now accuse the government of enormous waste which left them without houses, work or money. “When the crisis started, the real estate bubble burst, and of course companies started going bankrupt. Public administrations started not receiving incomes they were accustomed to and the whole economy blew up,” Prof. Manuel Balmaseda, an economist from the ICAI School of Engineering, told RT. The property crash continues to hit people hard, but a nationwide movement is now fighting back. Banks prefer to repossess the homes of those who cannot afford the mortgages taken out when the outlook was more positive. Among the worst affected are Spanish youngsters and immigrants. The situation has sparked regular protests against banks, the government and the austerity cuts which are widely seen as provoking a further slowdown of the economy, which is set to shrink this year by 1.7%.
Wednesday, 29 February 2012
The economic disaster that heavily indebted Spain has found itself in is clearly a consequence of Spain joining the euro, insists economist Dr. Manuel Balmaseda. When Spain joined the euro, the EU Central Bank settled overly low interest rates, resulting in Spain receiving “enormous amounts of credit which increased Spanish indebtedness, particularly foreign”. Cheap money created financial bubbles, for instance in real estate. When the 2008 economic crisis came, the bubbles burst, many companies went bankrupt and the whole overheated economy blew up, explains the professor. Madrid now needs more flexibility to curb deficit as the EU introduces new rules on budget discipline. Spain appears to have become the first country to test them. Madrid is desperately trying to negotiate a higher 2012 fiscal deficit target than that set by the European Commission. The austerity measures taken by the new conservative government of the eurozone's fourth largest economy will bear no fruit, believes Dr. Balmaseda, “because the problem is in the euro.” “There are great expectations that a new government is going to arrange the problem,” the professor says, stressing that the honeymoon of the Spaniards with the new government will not last for more than six to nine months. Dr. Manuel Balmaseda, Professor at the ICAI School of Engineering, is certain that the futures of Spain, Portugal, Greece and Italy lie outside the eurozone. He also believes that the countries remaining in the eurozone will not be very happy without their breakaway partners. Exit from the eurozone would mean a default for Spain, which is unacceptable for French and German banks that hold up to half of Madrid’s €900 billion foreign debt. These banks are interested in returning the money, whatever the cost for Spaniards. The professor believes that leaving the eurozone does not necessarily mean leaving the EU. “Nobody would chase Spain out of the EU,” he says. Dr. Manuel Balmaseda believes that the eurozone crisis is not just caused by governmental overspending. “The origin of the problem is the euro, the lack of competitiveness that the euro brought to Spain”. Spain is following the path of Greece with a two-year delay, believes the professor, because more austerity measures and further cuts of public spending are only pushing countries like Greece and Spain deeper into recession.
Two men from Essex accused of attempted murder in Spain have returned to England. Kyle Thain, 24, and James Harris, 29, had been in Spain for the past seven months after being accused of attacking two men in an Alicante bar in July 2011. The pair, both from Southend, were held in a Spanish prison for four months without charge. They have now been allowed to return to England on strict bail conditions. Mr Harris returned to the UK on Tuesday and his friend Mr Thain arrived at Stansted Airport on Wednesday evening. New lawyer As part of the conditions of their return to the UK, both men must sign in at the Spanish consulate in London twice a month. Speaking before her son Mr Thain's arrival, Sharon Harris, said: "I am so excited and nervous at the same time. "I still can't believe it. I won't be happy until I've got my arms around him at the airport." Both men have protested their innocence and have said they can prove they were elsewhere at the time of the attack. They were released from jail in November and given their passports back after each paid £6,000 in bail, but were told they could not leave the country. A new lawyer has now negotiated their return home. Pablo Sebastian, a Spanish lawyer working in Alicante with offices in Hadleigh in Essex, has been helping the boys' families secure their release. "We are very relieved to have them home," he said. "It is an improvement because they are back with their friends, family and at their jobs." 'Lives disrupted' Mr Sebastian said the men's "impeccable behaviour" while on bail in Spain had persuaded the Spanish judge to allow them back to the UK. It is thought the men's families have paid about £25,000 to cover travel, accommodation and legal costs since the pair were arrested. The men must now wait to hear if they must return to Spain for a trial. Richard Howitt, MEP for the East of England, is now calling for a change in European law to ensure minimum standards of justice across all member states. "The idea they have been several months in prison, outside the country and suffered such a huge financial loss is unacceptable," he said. "If we had a system whereby you respect and uphold each other's system of justice, then Kyle and James could have come home seven months ago. "But their lives have been totally disrupted, as have their families', which is why we need better standards of judicial co-operation at European level."
Mercadona is in the middle of a public relations disaster after its ‘Compy’ own label dog food brand was linked to the deaths of several pets across Spain, after having caused kidney failure in the animals. . The deaths were initially recorded by pet owners in Andalucia, Murcia and Alicante, but new reports have claimed that similar cases have been found along the Costa del Sol. Several pet owners insisted that the deaths were caused after their pets ate the own label product, and following intense pressure, Mercadona has removed two variants of the ‘Compy’ range from select stores. The chain said it is now studying whether there indeed is a connection between the product and the deaths. It would not comment on whether the problem was caused by a recent shift in packaging of the product from tins to cartons. Mercadona added: “At this stage we have only removed the product as a precaution and we are waiting for the results of the analysis. We do not know with any certainty if the food is to blame”.
Saturday, 25 February 2012
Rupert Murdoch bid to grab back the huge audience his News Corp lost when it closed the best-selling News of the World over a phone-hacking scandal with a new Sunday edition of his Sun tabloid filled with gossip, girls and celebrities. With a front page splashing on a female TV presenter's birthing difficulties - "My heart stopped for 40 seconds" - the top-selling daily Sun made its Sunday debut, aiming to win back the 2.7 million people who had read News of the World until its closure in July in Britain's biggest recent press scandal.
Bling ring: Adele and boyfriend Simon KoneckiXposurephotosAdele joked that she wanted boyfriend Simon Konecki to buy her an engagement ring so big “you can see it from space”.
Yet the award-winning singer, 23, wanted to make sure no one saw her as she slipped away from the Brits.
She covered her head with a coat as she gave the aftershow parties a miss and headed back to her hotel with 36-year-old Si.
Earlier, Adele denied the ring she was wearing was anything more than a fashion accessory.
Overheard being asked whether she’d like her fella to propose and give her a diamond ring, she laughed: “I want one you can see from space.”
Now Adele is happier than she has ever been with charity boss Simon and says the prospect of writing another record based on a doomed relationship seems deeply depressing.
Speaking to US network CBS’s 60 Minutes recently, she said: “Because I’m madly in love I don’t want to be like, ‘Babe, I’m sorry, we’ve got to break up. I’ve got a new album to deliver now.’
“I can’t write another break-up record, that would be a real cliché. It would be just like a boring, running theme. People would be like: ‘No, that’s enough now, cheer up.’”
Her new relationship is going so well she now struggles to connect with her biggest hit Someone Like You, which was inspired by her most recent ex.
“Someone Like You was about him getting engaged really quickly after we broke up,” she said.
“I wrote that to feel better about myself and it was about trying to convince myself that we will meet someone and I will be happy.
“In fact, next time I sing Someone Like You, I’m going to be like, never mind, I found someone like you. Please forget me!”
A glamorous French politician is set to become France’s first ever ‘MP for Britain’ to represent more than 100,000 Gallic expats living in the UK.
Emmanuelle Savarit, 39, is leading the race to be elected to France’s newest overseas constituency - based in London’s well-heeled Kensington.
The member of Nicolas Sarkozy’s conservative UMP party is the clear frontrunner among five hopefuls vying for the seat of northern Europe.
Hopeful: Emmanuelle Savarit, 39, is leading the race to be elected to France's newest overseas constituency - based in London's well-heeled Kensington
The radical plans to create 11 foreign constituencies to represent French abroad were approved by the Paris parliament three years ago.
Britain is part of the northern Europe constituency, which also includes the Irish Republic, Scandinavia and the Baltic states.
But within the new seat, 113,655 French voters are registered in the UK, compared with 27,076 in all the other countries put together.
Divorced mother-of-two Ms Savarit’s main rival is equally glamorous 36-year-old socialist Axelle Lemaire, a London-based lawyer.
Competition: Divorced mother-of-two Ms Savarit's main rival is 36-year-old socialist Axelle Lemaire, a London-based lawyer
But the French media predict the right-winger’s victory will be ensured by wealthy expats based mainly in west London when the first election takes place in June.
Ms Savarit, who has a doctorate in Psychology, describes herself
on her campaign website as ‘a tough cookie’, but adds: 'That’s not necessarily a fault when you’re in politics.'
The new foreign constituencies are the brainchild of former French interior affairs minister Alain Marlaix.
Vital: The importance of the French expat vote was highlighted when President Sarkozy came to London to give a speech to thousands of French voters ahead of his 2007 election campaign
He said: 'This is the first time in any country in the world that something like this had been done.
'The new overseas MPs will have identical status to any other MP based in France, and vote in parliament in Paris.
'They will be elected in the same way and speak for the French expatriates they represent.'
Government advisor Herve Fabre-Aubrespy, who is overseeing the new constituencies, said: 'It is a challenge for us, because nothing similar has ever been done anywhere.
'No one has carved the world up into constituencies in this way.'
The new constituencies are part of a larger parliamentary shake-up, with seats being merged or enlarged across France so that the total number of 577 MPs still remains the same.
The importance of the French expat vote was highlighted when President Sarkozy came to London to give a speech to thousands of French voters ahead of his 2007 election campaign.
But French socialists have claimed the new overseas seats are ‘closet gerrymandering’ - where constituencies are created to the benefit of the ruling party.
A socialists’ spokesman said: 'Studies show French people living abroad are more likely to vote for a centre-right party than a left wing one.
'This is being proposed as something that is good for French expatriates, but in fact it is just a way for the government to give itself another 11 safe seats.'
Six of the 11 new constituencies will be in Europe, but others are based in Canada and the US, central and South America, the Middle East, Arica and Asia, representing more than million French people living abroad.
Friday, 24 February 2012
After eight years running a bar, Laura Maggi suddenly found men beating a path to her door.
Not for the quality of her coffee and aperitifs, but because she had started appearing for work in highly revealing outfits.
Hundreds of male customers flocked there day and night, leaving their cars double parked in the surrounding streets.
Congestion became such a problem that the lady mayor announced she was considering an emergency bylaw to limit traffic in the area.
Causing controversy: Laura Maggi, 34, who runs a bar called Le Cafe, has dominated newspapers and TV chat shows, after pictures of her dressed in barely anything appeared on the internet
Pulling more than a pint: The women folk of Bagnolo Mella, near Brescia, which is where Manchester City ace Mario Balotelli is from, are up in arms and said that they had banned their partners from going to Le Cafe
Main attraction: On the walls of Le Cafe there are pictures of Laura, dressed in a bikini on holiday - while in other snaps she is wrapped in an American Stars and Stripes flag. Yet more pictures of her, semi-naked, have been turned into a calendar
You're not going anywhere: Bagnolo's mayor Cristina Almici has also banned her husband from going to Laura's bar and said: 'We have received several complaints from women in the town about the bar'
Now women in the small northern Italian town of Bagnolo Mella have declared Le Cafe out of bounds to their menfolk – and 34-year-old Miss Maggi has become a national celebrity.
Yesterday she was a guest on the Italian equivalent of This Morning and said: ‘I don’t see what the problem is – it’s just a bit of harmless fun.
‘If the guys come here what can I do?
'I know I have upset the women but that’s not my problem.
'It’s not my fault if guys want to come and have a drink in my bar.’
She added that some customers were travelling up to 70 miles just to have a coffee in her bar.
On the walls of Le Cafe are pictures of Miss Maggi in a bikini on holiday.
She has 5,000 new friends on Facebook while a local poll found that 46 per cent of respondents said partners of her male customers should be ‘asking themselves why their partners prefer Laura to them’.
Several wives from the town have been on TV to complain. One said: ‘It is outrageous and should not be allowed.
‘This town is quiet and respectable. Now we are known across the whole country because of the little amount of clothing this barmaid is wearing to serve drinks.
‘The women in town are not very happy and we have complained to the council.’
Enjoyment: 'I don't see what the problem is - it's just a bit of harmless fun. I like to dress in an attractive way and I like to have fun,' Laura said on an Italian TV show
Selling point: 'If the guys come here, what can I do? I know I have upset the women but that's not my problem,' said the bar owner
Bagnolo’s mayor Cristina Almici said: ‘We have received several complaints from women about the bar and we are looking at what we can do with regard to public order.
‘There has been a huge influx of traffic into the town since the news of Laura started to spread and this has led to incidents of bad parking and some minor acts of vandalism.
‘We can’t stop people from going to her bar and I know it is very popular with men in the town – personally I don’t see any problem with how she looks or dresses.
'If anything, it’s the men who go there who have a problem.’
She added, however: ‘My husband is certainly not allowed to go there.’
Crowd pleaser: 'People have been turning up from 70 miles away just to have a drink here,' says the proud bar lady
No blame: 'It's not my fault if guys want to come and have a drink in my bar,' says the owner
Quiet town of Bagnolo Mella: An online poll in the local Brescia newspaper asked readers what their opinion was and the majority, 46%, said that women should be 'asking themselves why their partners prefer Laura to them'
Add to those a snail-paced justice system and, a law society in Malaga that fails to scrutinize bent lawyers, and things start to look distinctly cloudy. Consider too that last week Spain’s top anti-corruption lawyer, Baltasar Garzon, was suspended from his post for illegally tapping the phones of lawyers, and most will come to the same conclusion. “Yes, corruption is certainly endemic in Spain,” says Gwilym Rhys-Jones, an Estepona-based financial expert. “Sadly there is a tradition of it and it became institutionalised since the late 1980s as nobody was dealing with it from the top down.” There is certainly nowhere better to highlight the problem than here on the Costa del Sol, where in Marbella for over two decades you could only get anything done if you were prepared to pay for it. Under the current Malaya corruption trial, centred around Marbella Town Hall, which has been going for over a year. Over a hundred councillors, mayors, businessmen and civil servants are currently on trial for taking backhanders totalling up to 2.4 billion euros. And sadly, the same state of affairs was taking place at hundreds of town halls around the country, with a central government apparently prepared to turn a blind eye. It led to hotels and golf courses being built in national parks, developments installed in river flood plains and hundreds of thousands of illegal – and unsellable – homes around the country. It comes as no surprise then that Transparency International has listed Spain as more corrupt than Uruguay, Chile and Qatar, and almost on a par with of Botswana – quite a feat for the fourth richest nation in the European Union. And while some might like to point the finger at the right or the left, the range of cases shows that bending the rules for personal gain goes right across the spectrum. The Conservative PP party has often been in the spotlight – most recently thanks to the Gurtel case, in Valencia – but the PSOE socialist party, particularly with the ERE pension scandal in Andalucia, certainly takes some beating. Even the royal family may have dipped its toes in the murky waters, with King Juan Carlos’ son-in-law about to stand trial for a misuse of public funds and embezzlement. So where did it all begin? Franco regarded it as the ‘necessary lubrication for the system’, according to historian Stanley Payne. While central government appears to be largely free of endemic corruption, in the regions it is quite a different story. In Andalucia, for example, UGT trade union leader Manuel Pastrana believes as many as 75 per cent of the region’s town halls are corrupt. This is partly down to the fact that much of Spain’s corruption is linked to illegal planning, which is said to be more profitable than drug dealing – mainly because tourism is the biggest earner on the Costa del Sol. It’s a simple tale, and sadly all too common. Developers purchase non-urban, rural land for knock-down prices, then pay corrupt town hall mayors to reclassify the land as available to develop. This leaves the developers to build whatever they like – and it is arrangements like this that explain the illegal 411-bedroom Algarrobico hotel in Almeria’s Cabo de Gata natural park – which will thankfully be demolished any day now. The question is, why are so many mayors and councillors tempted to the dark side, considering the possible environmental and criminal consequences? Aside from describing Spain as having the ‘slowest justice system in the known world’, investigator Rhys-Jones argues that it is human nature to be tempted by money once it’s dangled in front of you. “When people see a massive amount of money, they can’t help but steal it. It’s human nature,” he says, using the unscrupulous former Marbella mayor Jesus Gil as his example. Jesus Gil was described as the bad apple that spoilt Marbella’s bunch “Gil was a crook, but he started out with good intentions. Marbella was a mess in the 1980s. Property wasn’t selling. It was a dump filled with drugs and hookers. So Gil started a political party, the GAL, to try and sort it out.” But this apparent do-gooder turned resident evil, with many describing Gil – who was convicted in 2002 – as being the bad apple that spoiled Marbella’s bunch. Either way his legacy was a disaster and has led to the following three mayors – as well as his main cohort, planning boss Juan Antonio Roca, who became the svengali of the operation – all facing prison. Much of the corruption comes down to backgrounds and a lack of education, believes Marbella-based lawyer Antonio Flores. “A lot of mayors have previously had rural-based jobs, without the ability to make any money,” he explains. “The moment they have responsibility, the temptation to make money becomes too great. After four years in power, they’ll often have to go back to their tractors,” he says. A classic example of a rags-to-riches mayor is Julian Munoz, also heavily implicated in the Malaya case, who worked as a waiter before running Marbella Town Hall in 2002. Roca, too, had been on the dole before going on to pilfer 30 million euros. Planning boss Juan Antonio Roca, the main man in the Malaya case Flores compares town hall councillors with more prominent politicians in central government who are less reliant on get-rich-quick methods: “It’s not so difficult to get another job when you’re in a higher political position,” he says. The good news is that most commentators agree that corruption in Spain is on its way out. “The Malaya case was where the mentality changed,” estimates Flores. “It was a turning point for corruption and the Marbella run by thugs completely collapsed when they were all arrested. “As Spain becomes more civilised, we are slowly getting rid of corruption,” he continues. “But it has definitely not gone completely,” argues Rhys Jones. “That will take quite a few more decades.” As for shamed Judge Garzon, opinion remains firmly divided on whether he too was a man who let power corrupt him… or whether he has been silenced by a country whose corruption will be harder to iron out than some may hope. Big cases Malaya Planning chief Juan Antonio Roca is at the heart of this 2.4 billion euro scandal in Marbella. The unelected Roca operated a cash-for-permissions scheme, which saw over 18,000 homes built illegally. Gurtel Businessman Francisco Correa gave money to PP bosses in Valencia in return for lucrative contracts with the regional government. ERE The Junta is being investigated in a 647m euro retirement scandal, where posts were created in non-existent companies in order to defraud public funds. Ballena Blanca One of the largest money laundering cases in Europe, with 21 people accused of investing proceeds from drug trafficking and prostitution in property via over a thousand companies.
Thursday, 23 February 2012
This year, Spain’s banking sector looks set to shrink to about 10 lenders from more than 40 before the economic crisis, as the government forces banks to recognise steep losses from a housing crash. Small and medium-sized banks will scramble to join forces to meet capital requirements implicit in a new law demanding lenders write down up to 80 per cent of the book value of real estate assets on their balance sheets. Click here for Cloud Computing Also Read Related Stories News Now - 24-hr deadline for Kingfisher to submit revised schedule - Kingfisher assures to restore normal schedule in 5-7 days - Indian banks eye assets of European counterparts - It is time to take money off the table: Jim Walker - Swiss solicits tourists from India amidst EU crisis - Abheek Barua & Shivom Chakravarti: Risk-on in a sweet spot Particular focus would rest on the country’s fourth-largest bank by market value, Bankia. Fears persist over its ability to fund losses from its heavy exposure to the property sector. Only a handful of banks — international leaders Santander and BBVA, domestic lender CaixaBank and Basque Country savings bank Kutxa — are considered strong enough to remain independent and cover capital holes with their own profits. Bankia has insisted it does not plan a link-up with Barcelona-based counterpart CaixaBank, but market sources say it would be hard for the bank to go it alone. "It’s true there were overtures towards CaixaBank, but that has gone cold. It seems CaixaBank is the only one interested in Bankia. BBVA and Santander do not seem up for it," said one banking source. Another expressed doubt Bankia could deal alone, with Euro 3 billion of capital needs with annual net operating profits of Euro 1.67 billion and with its parent company BFA still owing Euro 4.1 billion of state loans given out last year. "The numbers simply don’t add up," the second banking source said. If Bankia opts for a tie-up, it could win more time to write down losses related to real estate. The government has given banks one year to write down losses, but would extend it to two years for lenders involved in a merger process.
Two Norfolk teenagers are among a group of people who have barricaded themselves into a luxury ski chalet in France because they say they have been unfairly dismissed from their jobs without any pay, Angus Briggs, from Newmarket Road, in Norwich, and Paddy Bartram, from East Tuddenham, had thought they had landed the perfect gap-year jobs when they were employed by Skithe3v to work as chalet hosts at the company’s resort in the Three Valleys area of France. But after working for just two weeks they said they received an email saying their services were no longer required and that they needed to leave the site by the following day. They were also told they would not be receiving any pay. A number of other staff members were also suddenly dismissed, and together they have barricaded themselves in Skithe3v’s Chalet Georgina, just outside Les Menuires, in protest. They have dubbed themselves the Les Menuires 7 and say they will not move until they receive the wages they are owed. Speaking from the chalet, 19-year-old Angus said: “We came out here a couple of weeks ago and we thought we would be doing the chalet hosting job until the end of the season. “As chalet hosts we had been hosting the guests, preparing some meals, and cleaning, and we had done this for two weeks. “But on Monday we were sent an email saying we were being let go, and others were too. “We are both owed about £200 each. “We are quite frustrated - when you do a job you expect to be paid.” He said they would not vacate the chalet until they are paid. “We are making a very peaceful protest,” he added. “We are maintaining the chalet and keeping it tidy and in perfect order. All we are asking is that we get the money we are owed - we will leave the chalet in immaculate condition.” Eighteen-year-old Paddy added: “I was really pleased to get this job and looking forward to it for ages. “I had wanted to do a ski season for several years and it seemed like the perfect job. “But they worked us far more than our working hours and it turns out they were just trying to exploit us,” Angus and Paddy said since Les Menuires 7 started their protest they had received support from people living nearby and also online through Twitter and Facebook. A woman who lives in the Les Menuires area said: “Everybody is talking about what is going at the chalet. It is huge news over here. There is a lot of support for them.” When the Evening News contacted Skithe3v, which has a base in Hanover Road, London, a spokesman said he was unable to comment because the situation was in the hands of the company’s legal team.
Barclays has been clocking up over 1,500 complaints a day as its staff share £2.5billion bonuses. The bank had 281,484 customer gripes between July and December – up 12% on the first half of 2011. It blamed the surge on claims for mis-sold payment protection insurance. An Independent Banking Advisory Service spokesman said: “It’s coming back to bite them – although not quickly enough in our view.” All banks have to report complaints data for the second half of 2011 to the City watchdog the Financial Services Authority by the end of February. Barclays, which published its figures in advance, said PPI complaints hit nearly 123,000 between July and December - up by 67% from the first six months and double the number for the second half of 2010. Excluding PPI, total complaints dropped by 11% to 158,492 in the second half, or 336,363 for 2011 as a whole. Antony Jenkins, chief executive of Barclays Retail, said: “We can and will do more to improve service and go further and faster to drive down complaints. “We are aiming for further reductions in underlying complaints in the first half of 2012 as we continue on our journey to get it right first time, every time.” Eddy Weatherill, of the Independent Banking Advisory Service, said: “Barclays made a lot of profit from selling PPI and now it’s coming back to bite them. although not quickly enough in our view. “But I don’t think any of the banks are doing well on the complaints front, particularly when it comes to small businesses. “They have tried to ring every penny out of customers but, because of a lack of competition, people haven’t got decent choice when it comes to moving account.”
The French journalist who was wounded in an attack on the Syrian city of Homs on Wednesday has asked to be evacuated from Syria quickly, saying she needs urgent medical attention. Edith Bouvier was injured in the attack that killed journalists Marie Colvin and Remi Ochlik in the Baba Amr suburb. In a video posted online by opposition activists, Ms Bouvier says she has a broken femur and urgently needs an operation. She asks to be evacuated to Lebanon. There is growing pressure on Damascus to give access to civilians trapped by the onslaught. 'Very difficult' In the video, Ms Bouvier praises the doctors who have been treating her and says they are doing what they can. Photojournalist William Daniels, who is also French, appears alongside her and says she has not lost her smile. He was also caught up in the attack but says he was not injured. William Daniels says he was fortunate not to be injured Mr Daniels appeals to the French authorities to help them as soon as possible, as conditions "are very difficult". There is no electricity and not much to eat, he says, adding that they need to get out as quickly as possible using medically equipped transportation. The US, Europe and Arab countries plan to challenge President Bashar al-Assad to provide humanitarian access within days to the worst affected areas. They plan to present their ultimatum at Friday's international conference on Syria in Tunisia. Russia and China have said they will not attend the conference. The two countries have faced Western and Arab criticism for blocking a UN Security Council resolution that would have backed an Arab League peace plan for Syria. Meanwhile, a United Nations panel has drawn up a confidential list of Syrian military officials - believed to include President Assad - who could face investigation for crimes against humanity. It says these include shooting unarmed women and children, shelling civilian areas and torturing the wounded.
Wednesday, 22 February 2012
Zumba Fitness is the only Latin-inspired dance-fitness program that blends red-hot international music, created by Grammy Award-winning producers, and contagious steps to form a "fitness-party" that is downright addictive. Since its inception in 2001, the Zumba program has grown to become the world's largest – and most successful – dance-fitness program with more than 12 million people of all shapes, sizes and ages taking weekly Zumba classes in over 110,000 locations across more than 125 countries.
On a rooftop parking lot, with temperatures in the chilly low 50s, a crowd of all ages shimmied and shook, sweated and smiled as DJ Francis played an eclectic mix of dance music. But this wasn't just another wild South Florida party. It was a special Zumba class for charity, led last month by the creator of the global craze, Alberto "Beto" Perez. The charismatic Colombian in cargo pants — who has become a rock star in the fitness world — climbed onto the roof of a Chevy minivan that doubled as a stage. He demonstrated salsa steps, the merengue march and many other Latin-inspired dance moves — all while also cuing the drummer and the bongo player. For an hour, 75 of his adoring fans — and even the minivan — moved to the beat. "Everybody loves it; everybody has fun," Perez said while posing for pictures with his Zumba faithful, some of whom had traveled from as far as Canada. Two days later, Perez flew to New York to appear on the TV morning show "Live! with Kelly." "You must be so rich by now," host Kelly Ripa gushed to Perez, 41. Perez's Zumba classes, with the motto "Ditch the Workout, Join the Party," were strictly a South Florida phenomenon 10 years ago. Today, Zumba Fitness has become the largest branded fitness program in the world, with about 12 million people taking Zumba classes weekly at 110,000 locations in at least 125 countries, according to company spokeswoman Allison Robins. The private company won't reveal information about the company's finances or its net worth. But at a time when most of the world is struggling economically, Zumba Fitness' empire appears to be flourishing. It is doing so on the strength of a growing army of certified instructors who spread the Zumba gospel to such distant outposts as Iceland, Papua New Guinea, Nepal and even Afghanistan — at the Kabul Community Center. Many fitness crazes have come and gone. Staying power is tough in the ever-evolving fitness industry. John Figarelli, founder of the National Fitness Hall of Fame Museum and author of "The History of Fitness: Fads, Gimmicks and Gadgets," said: "I think the owners of Zumba did a great job of getting it going from a business standpoint." Zumba Fitness does not charge gyms to carry its classes. Instead, it trains instructors and gives them the license and use of the trademark if they join the Zumba Instructor Network. "We're helping the instructors to become entrepreneurs and make a living out of it," said company co-founder Alberto Aghion. Exercise as a business It's a sound strategy, said Figarelli, whose book covers 100 years of working out, from 1900 to 2000. "Most group-exercise instructors will just go with the next popular class. But if Zumba is your business, instructors will stay with that." Ensuring instructors are successful has become the company's main mission. "We have three people who all they do is call up gyms all day and try to find instructors employment," said company co-founder Alberto Perlman. The company has made Zumba instructors easy to find, with a worldwide listing that includes all of their network instructors' classes regularly updated on the company's website. Instructors also receive new music and choreography about every two months. The music department now creates music just for Zumba classes, with original songs that include "Zumbalicious," "Que Te Mueve" and "Caipirinha," which was a No. 1 song in Israel. Zumba Fitness makes its money on its instructors academy, instructors courses, monthly fees from instructors in its network and on all its brand merchandise. The company has built its own line of hip, colorful clothing and footwear, workout DVDs, two video games, original music and a lifestyle magazine, Z-Life. This was not the business model when Zumba Fitness was founded in Aventura, Fla., in 2001 by the "three Albertos" — creator Perez and boyhood friends Perlman and Aghion, both entrepreneurs in their mid-20s and natives of Colombia. The trio's original plan was simple: produce VHS workout tapes of Perez's popular South Florida classes to sell around the country on infomercials. An inspired ad-lib Perez fell in love with dancing at age 7 by watching a VHS tape of the 1978 movie "Grease," starring John Travolta. At age 16, he was teaching aerobics classes for $1 an hour. One day, he forgot his prepared music. All he had in his backpack was a cassette tape of merengue and salsa music he'd recorded off the radio. His morning class was full of moms who had dropped their kids off at school. "I can't say, 'Hey sorry, I forgot my music,' " Perez said. "I say to the people, 'I have a new class I prepared for a long time.' It was not true. I improvised for one hour." The moms loved the dancing exercise. Perez turned it into a regular class in Cali. He soon moved to the Colombian capital of Bogotá, where he continued those classes and became a choreographer for Sony Music and Shakira. In 1999, Perez came to the United States for the first time. He pounded the pavement on South Beach, going from gym to gym. Nobody was interested in this new dance exercise class by a guy who couldn't speak English. On his fourth trip to Miami he landed a job at the swanky Williams Island Spa in a development where several Colombians lived. Some had even taken classes with him in Bogotá. Within a year, Perez was in demand, teaching 22 classes all over South Florida. At the same time, Perlman and Aghion were looking for a new business venture after the dot-com bubble burst, bringing down their Internet company, Spydre Labs, an incubator for Internet startups related to Latin America. Enter Raquel Perlman. While Alberto Perlman was telling his mom about how badly he was feeling for laying off people, she was telling him about how happy she was taking Perez's classes, where were then called Rumbacize. "You should meet Beto and maybe start a gym together," she told her son. "He's the talk of Aventura." Perlman watched a class and was reminded of people having fun at a nightclub, but without the drinking and pickup lines. "Beto, have you heard of Billy Blanks' Tae Bo? Why don't we do VHS tapes and sell them on television?" Perlman said he told Perez. In August 2001, they and Aghion founded Zumba Fitness. To create a demonstration video to show investors, the three stayed up all night laying down boards to create a dance floor on the beach outside a Sunny Isles hotel. About 200 of Perez's students paid $20 each for the class, raising an additional $4,000. When the infomercial began running on TV, people rang the call center in Ohio to buy the videos, and a few also asked how to become Zumba instructors. Those callers were forwarded to Zumba's office — at Aghion's home. After a few 2 a.m. wakeups, Aghion realized this was another business opportunity. Zumba Fitness also has greatly benefited from Internet advertising and social media. Many people discovered Zumba via YouTube videos. Zumba Fitness started a Facebook page about a year ago and now has more than 3 million fans. Zumba is mentioned every 11 seconds in social-media platforms, Robins said. It's not clear yet if Zumba will have a long shelf life or be added to the long list of exercise fads, said Walter R. Thompson, professor of exercise science at Georgia State University. He'll watch to see how it fares over the next few years in a worldwide survey that ranks fitness trends. "I hope it stays around," he said. "It's motivating a lot of people to exercise."
Dust clouds sway like ghosts dancing to an inaudible tune across miles of Moroccan dessert. I’m only 15 minutes south of Marrakech, but the soil’s already darkened to a deep, blood-clot red that clashes violently with the cobalt sky above. Spindly Argan trees feature goats that have clambered into the branches and nibble on the fruit (yes, really), a snapshot of surreal comedy against nature’s stark, beautiful reality. It’s my first up-close and personal foray into Morocco’s rural centre, despite having fallen head over heels for mad old Marrakech eight years beforehand. Rustic retreat: Lalla Abouch offers yoga courses set in the beautiful Moroccan countryside There’s something intoxicating about the swirling, jasmine-soaked souks, the thrill of losing yourself in the medina only to wind up on a rooftop drinking pomegranate martinis hours later. I’ve returned several times since to enjoy the city’s myriad hidden bars, supper clubs and late night lounges. But this time I want a different kind of escapism, one that’s less hedonism, more health. 'We’ve the perfect place', Rosena, the Irish founder of Moroccan concierge experts Boutique Souk, assures me before arranging a car to drive me the three-hour journey south into Morocco’s Berber country. Thirty miles south of the colonial port city of Essaouira, our jeep turns inland, swerves sharply at a junction and turns up an invisible, potholed dirt road through fields of carefully irrigated vegetable patches and chicken coops. A donkey brays ‘hello’ as I clamber out, the only contender to shatter the silent calm of our weekend lodgings. Named Lalla Abouch after ‘Lady Argan‘ and Morocco’s famous Argan tree, the guesthouse embodies what many ‘boutique’ lodgings strive for yet often fail to achieve. Chic and rustic, it proffers the perfect balance between comfort and style – the home from home I’ll never replicate no matter how many Elle Decoration subscriptions I sign up for. Taking the plunge: The refreshing pool is lined with plants and a traditional stone wall Beaming Lucreiza, the Italian who runs this hideaway, gives me a tour of the farm’s intimate selection of cosy rooms, all located around a bougainvillea-splashed courtyard, before ushering me onto the farm’s charming alfresco terrace for fresh mint and ginger tea. Terracotta pots trickle fresh water into a plunge pool overlooking acres of lovingly tended vegetable patches, whilst wild tortoises sunbathe lazily in the afternoon rays as kitchen hands gingerly navigate them whilst plucking robust courgettes for the evening meal. Food is a big draw at Lalla Abouch - so don’t go thinking this is yoga with all the normal detox-wheatgrass-deprivation tags. Lunch, though simple, is lip-smackingly good: home-plucked bitter leaves; creamy local goats cheese; cumin-crusted courgettes, caramelised carrots; a fuchsia pink beetroot dip; wholegrain couscous studded with ruby pomegranate seeds. Each bite radiates with energy and (forgive the hippy hyperbole) is offered up with love. Lucreiza beams as I eat. 'We like to give an alkaline, vegetarian diet during the retreats', she explains. 'It’s a good for body cleaning and rejuvenation.' I come away from the meal feeling more satiated than many of my finest dining experiences back in the UK. Unusual sights: Goats love to climb the Argan trees, while Lalla Abouch has plenty of quiet corners for relaxing Besides intensive, twice daily yoga and meditation sessions lasting two hours a go, Lalla Abouch offers a real (and rare) opportunity to totally unplug from daily life. As Lucreiza concedes, 'the natural elements are deep and strong', so the entire operation of the farm and its retreats has been designed to really embrace the local surrounds – and the produce found within it. Better still, my experience isn’t marred by the constant checking of Blackberry’s or broadband; connectivity here is slim to none. Sure, it’s a little disconcerting at first, but after several hours our entire party agrees we’re happy for the forced technology amnesty. With no one to tweet or CC, I instead sink into an indulgent afternoon of reading in the farm’s huge hammock, slung beneath the boughs of the Argan tree. I doze, stirring only when the attention seeking donkey’s comical eey-awww or Lucreiza’s quiet, smiling kitchen hands water the fragrant herb garden. I’ve done no yoga yet, but I can already see why Moroccan specialists Boutique Souk thought they’d 'struck gold' when stumbling upon the farm.
Tuesday, 21 February 2012
The father of a man who died in a mysterious assault while on holiday in Spain is taking his campaign for justice to the European Parliament. Chris Lindsay, 34, died after a night out in Calahonda, on the Costa del Sol, with work colleagues last summer. He was found lying unconscious in the street, without his passport or money, and rushed to hospital in Malaga, but succumbed to his injuries five days later. Chris had been out with a meal with a group of friends and went on to a bar with a senior colleague, but the pair became separated before the end of the night. Four months on his family say they are no closer to learning what happened to the marketing officer and father of three. Chris's father Harry, 63, from Airdrie, North Lanarkshire, said he was determined to get answers from the Spanish authorities so he could tell his grandchildren what happened to their father. He told STV News: "The oldest boy Ryan is 10, so I speak to Ryan and as you can imagine the boy is missing his dad. "We want answers. We have got to have answers because I've got to tell his sons at a later stage and obviously for ourselves as well. "I want to know the police reports and I want to know the post mortem reports. That's all we are asking for. If anything untowards has happened, if Chris has been murdered, then that's up to the authorities to take that up, but I want to know exactly what happened to my son." Mr Lindsay is travelling to Brussels in two weeks time hoping politicians at the European Parliament can help him speed up the justice process. "I'm not going to rest until I actually find out." he said. "It doesn't make things any easier, but certainly you can turn round and say, well, I did everything I could for you Chris: I can't do any more."
Sunday, 19 February 2012
Catholics and conservatives have denounced as blasphemous two recent exhibitions in Madrid featuring kinky nuns in lingerie and tattooed and near-naked Christs, demonstrating outside one gallery. Catholic group AES called a demonstration for Friday evening outside the Fresh Gallery in Madrid against its latest exhibition: "Obscenity", a collection of photographs by Canadian artist Bruce LaBruce. The 50 pictures on display include a portrait of Spanish actress Rossy de Palma in a black and white habit and see-through corset with a rosary between her teeth. One shows a well-known singer, Alaska, dressed as a sexy saint with a communion wafer on her tongue, while in another she hugs a tattooed Christ to her breast in a kinky tribute to Michaelangelo's Pieta sculpture. Around 50 protesters demonstrated outside the Fresh gallery Friday evening bearing placards reading "For a unified and Catholic Spain" and "God Exists". LaBruce himself was unrepentant. "How can fascists attempt to assert any sort of moral authority over anything?" he said. LaBruce, 48, whose work has often sparked protests and censorship, wrote on the gallery's website that "the lives of the saints are full of ecstatic acts of sublimated sexuality."
Spain's royal family has long enjoyed a level of privacy and respect that the Windsors could only dream of. But, in an uncomfortable first for the Madrid monarchy, one of their number will face questioning from a judge this week in a scandal which has rocked the royal family and raised questions over the future of the monarchy. Inaki Urdangarin, the son-in-law of King Juan Carlos, is preparing for a court appearance in which he will defend himself in a widening embezzlement scandal. Hearings into the case began last weekend at a court in Palma on the Balearic island of Majorca and will culminate on Saturday with the long anticipated appearance of the Duke of Palma, who received the title when he married Cristina, the King's youngest daughter, in 1997. The Duke, 44, a former professional handball player who won Olympic medals for Spain in the sport, was formally made a suspect in the wide-ranging fraud case that alleges the embezzlement of millions of euros of government funds through a non-profit organization he co-directed between 2004 and 2006. Investigators claim to have discovered a "black hole" in the accounts of the Noos Institute, which organised sporting and tourism events for the regional governments of the Balearic Islands and Valencia.
Morocco has banned the distribution of Thursday’s edition of Spain’s influential El Pais, as a cartoon published by the newspaper allegedly tarnished King Mohammed VI’s name, an official said. “The decision to ban (the paper) was made on the basis of article 29 of the press code” that protects the monarch, the senior communication ministry official told AFP on Saturday. “The caricature contains a deliberate intention to smear the (king’s) image to harm the king personally,” he added. The cartoon, which was picked up by a Moroccan website, accompanied an article by Spanish journalist Ignacio Cembrero, who knows Morocco well. Contacted by AFP, Cembrero said the Moroccan reaction surprised him as the small cartoon was “friendly and rather likeable”. It seemed to be the first time that a foreign publication was banned for the stated reasons since the moderate Islamist Justice and Development Party (PJD) came to power in Morocco in January, he added. So far Morocco has only banned weeklies that carried images of the Prophet Mohammed, or of God, which is forbidden under Muslim tradition. Earlier this month French weekly Le Nouvel Observateur fell into that category after printing an image of God. And last month the magazine was banned when a cover story on the Arab world included the supposed face of the Prophet Mohammed. Morocco also banned French weekly l’Express in January for publishing a 95-page dossier on Islam including a face meant to represent Mohammed’s.
British man was killed and 24 others were injured when a coach carrying school pupils home from a half-term skiing trip careered off a motorway in northern France today. At least four teenagers are in a serious condition following the accident on the A26 road, near Chalons-en-Champagne, in the Ardennes region. The dead man's name has not been released. He was 61 years old.
Saturday, 18 February 2012
Spain, already suffering a painful fiscal hangover from years of economic excess, now faces another unpleasant morning-after symptom: a wave of corruption cases engulfing city halls, regional governments, and even the royal family. Transparency International estimates that 1,000 corruption investigations are now under way across the country, most involving charges that public officials took advantage of the economic boom to enrich themselves. In the highest-profile case yet, Inaki Urdangarin, the son-in-law of King Juan Carlos, was stripped of his official duties in December pending an investigation into charges that he skimmed millions of dollars from padded government contracts. Urdangarin, summoned to appear before prosecutors on Feb. 25, has denied wrongdoing. Fresh allegations seem to be cropping up almost daily. The ex-president of the Balearic Islands went on trial in January on charges including embezzlement and fraud, while police in Andalucia accused that region’s former employment chief with spending $1.2 million in public money on cocaine and other personal purchases. And José Blanco, the longtime Socialist Party No. 2, is under investigation for influence-peddling in the northwestern region of Galicia. Lawyers for all of the accused say the charges are false. Such reports come at an awkward time for Prime Minister Mariano Rajoy’s new government, which is asking citizens to swallow more than $19 billion in tax increases and spending cuts, while promising a crackdown on tax evasion. Rallies against the planned austerity measures drew tens of thousands of protesters in several cities on Jan. 26. With an absolute majority in parliament, Rajoy will have no trouble getting those measures enacted, says Alejandro Quiroga, a Spanish political scientist at Newcastle University in Britain. But, Quiroga says, “there will be a price to pay,” with the schedule of planned corruption trials now stretching into 2014. “The contradiction between politicians taking advantage of public money, while asking the public to deal with huge austerity measures, is going to get worse with time.” A RAPID SLIDE INTO CORRUPTION As recently as a decade ago, Spain was considered one of the world’s least-corrupt countries. But over the past 7 years, its ranking has slid from 22nd to 31st place on Transparency International’s annual survey of perceptions of corruption worldwide. Spain became a breeding ground for graft during its 15-year real estate boom, says Manuel Villoria, a political scientist at the Rey Juan Carlos University in Madrid who serves on the executive committee of Transparency’s Spanish affiliate. Antiquated laws gave local officials almost unlimited discretion over land-use planning, he says, and developers willingly forked over bribes to get approvals for construction. In the southern resort city of Marbella, prosecutors have accused a former city planning adviser with amassing a $3.4 fortune, including a palace in Madrid and a stud farm guarded by a tiger. Already convicted of bribery and embezzlement, Roca is now being tried on additional charges, along with more than 80 co-defendants. A person answering the phone at the office of Roca’s lawyer hung up on a reporter seeking comment. Many of the cases now coming to light involve alleged looting of public agencies that were flush with tax receipts and European Union aid during the boom. Investigators have said that a nonprofit foundation run by Urdangarin, the royal son-in-law, negotiated inflated contracts to organize tourism and sporting events for regional governments in Valencia and on the island of Mallorca. Millions were then funneled from the foundation into private companies owned by Urdangarin and a business partner. It’s the first time that the country’s popular monarchy has been hit by scandal, and the royal family has moved swiftly to contain the damage. In early December, Queen Sofia flew to Washington, where Urdangarin lives with Princess Cristina and their 4 children; soon after, the palace announced Urdangarin would step aside from official duties, and that the royal household would make its financial accounts available for public inspection. In still other cases, money skimmed from public coffers was used to finance political party activities, says Ken Dubin, a political scientist at IE Business School and Carlos III University. Even the most humdrum government activities became sources of illicit cash. An audit of a wastewater-treatment agency in Valencia found more than $22 million had disappeared from its accounts; agency executives charged Armani suits and luxury watches to their expense accounts and jetted around the globe, staying in five-star hotels at which they sometimes were accompanied by women described as “Romanian translators.” Marta Andreasen, a Spanish-trained accountant who previously served as the European Union’s chief financial controller and now is a member of the European Parliament, says neither the EU nor the Spanish government showed much interest in controlling such abuses. “A culture was created, we had all this economic growth, and people sort of thought, ‘Who cares?’ Even honest people tolerated it.”
Friday, 17 February 2012
Luxury has landed in the island's capital, Hanga Roa, with the soft opening of Hangaroa Eco Village & Spa. Situated on the town's main drag and only a kilometre from the airport, the 75-room resort appeals to travellers who want to experience the wonders of Easter Island in eco-friendly style. The overall design is inspired by the ancient dwellings of Rapa Nui, the island's native people, and includes such environmentally sound components as energy-generating solar panels and wind turbines. Rooms have free-standing clay baths, desks made from volcanic rock and terraces overlooking the Pacific Ocean. Check into the spa for a sand sauna or a dip in the outdoor Kneipp pool.
The film version of Un Simple Soldat will have to wait. Montreal actor Tony Conte, 48, was sentenced to a prison term of 42 months Thursday for conspiring to purchase cocaine. The fact he became involved in film projects as his trial approached last year was not enough to prove he is rehabilitated, Superior Court Justice Sophie Bourque decided at the Montreal courthouse. In January, a jury convicted Conte on charges of conspiracy and drug possession with intent to traffic. Factoring in time he has already served, Conte has more than 39 months left on his sentence. The actor sighed audibly while listening to Bourque's decision but his face registered little reaction when he learned he was heading to a federal penitentiary. Conte, who acted as a Mafia associate in the 1990s French-language TV series Omertà, had tried to convince Bourque he merited a suspended sentence because he was already rehabilitated. During a sentence hearing on Feb. 2, he testified he slipped into a deep depression after his arrest in October 2008, but recovered months before his jury trial in December and started working on various projects, including a film adaptation of Un Simple Soldat, by Quebec writer Marcel Dubé. Dubé testified at the Feb. 2 hearing that the project was to start production this year, and that Conte held a crucial role as actor and producer. Bourque acknowledged Conte's efforts at resurrecting his career but noted he persisted in lying about how he ended up at a downtown hotel on Oct. 29, 2008, ready to buy 30 kilograms of cocaine from an undercover police officer. During his trial, Conte told the jury he was there to look in on a guest of the hotel at the request of a friend named Diego Guzman Diaz who had resided in St. Léonard. Conte testified the man he knew as Diaz had been kicked out of Canada because of an expired visa and had called him from Mexico to ask that he look in on his ill friend at the hotel. Det.-Sgt. Stephane Durocher told the sentence hearing "Diego" was actually Vladimir Estenssoro, 42, of Bolivia who was removed from Canada three times in the past decade for residing here illegally under aliases. In 1999, Estenssoro - a suspected street gang member - was convicted of trafficking in several kilos of cocaine in Montreal. While in prison, he hung out with members of the Hells Angels, according to Parole Board of Canada records. On Thursday, Bourque said Conte's insistence on maintaining his false version of events - even after a jury rejected it - is a sign he has not been rehabilitated. Bourque determined that Conte merited a sentence similar to that of Anthony Riccio, 54, whom Conte described as his partner while making his deal with the undercover agent. Riccio was sentenced to a 42-month prison term after pleading guilty to conspiracy and drug trafficking charges in 2010.
An "altercation" brought a New Zealand couple to the attention of US law enforcement officials investigating the discovery of cocaine on a cruise ship docked in San Francisco. New Zealanders Tony Earl Wilkinson, 42, and Kirsty Harris, 25, were passengers on the P&O cruise ship Aurora when they were arrested in San Francisco on January 25 after 5.8kg of cocaine was allegedly found in their cabin. Before their cabin was searched, officials had already searched the cabin of another passenger, Australian Ahmed Rachid, 27. He was also arrested after 7.9kg cocaine was allegedly found in his cabin. Homeland Security Investigations special agent Craig Hyatt said in an affidavit that after the seizure of cocaine from Rachid, agents had learned he had a possible association with Wilkinson and Harris. "Officers and agents learned from ship personnel that Rachid recently had an altercation with another passenger onboard who was later determined to be Harris," agent Hyatt said. Rachid also told agents that while he was sightseeing in Curacao on January 16, he had been approached by a Hispanic male, with whom he had arranged to transport cocaine to Australia. Rachid had said that he had arranged that, on his arrival in Sydney, he would be paid for transporting the cocaine after contacting an associate of the Hispanic male. He told agents he had smuggled seven bundles of cocaine to his cabin without any incident. In his cabin he had placed all the seven bundles in his suitcase, which he locked. Hyatt said that when officers and agents went to the cabin on the Aurora where Wilkinson and Harris were staying, they had been met by Wilkinson who appeared to be holding drug paraphernalia. "Wilkinson then attempted to shut the cabin door on the officers while simultaneously opening the cabin bathroom door, temporarily blocking the main cabin door," Hyatt said. "Agents heard the bathroom faucet turn on and observed Wilkinson rinsing what appeared to be drug paraphernalia in the sink." During a search of the cabin a set of keys was found concealed in a light fixture. The keys opened a black case, inside which agents found several packages of a substance which later tested positive for cocaine, with an aggregate weight of 5.8kg. The earlier search of Rachid's cabin was carried out after a conversation he had with a border protection officer during a routine passport control check, Hyatt said. Brick packages, weighing a total of 7.9kg, were found inside locked luggage in Rachid's room. The packages tested positive for cocaine. Ad Feedback Wilkinson, Harris and Rachid were charged with possession with intent to distribute more than 5kg of cocaine.
At a time when many consumer goods segments are suffering, luxury is rich with promise. The world's biggest luxury-goods purveyors are coming off a blockbuster 2011 with even more confidence for this year as emerging markets power seemingly relentless demand. Global leader LVMH Moët Hennessy Louis Vuitton SA reported 20% sales growth for the last quarter of the year. Gucci owner PPR SA continued in the same vein with a 22% increase in its luxury division, reported Thursday. There are no signs of that trend changing any time soon, luxury executives say. "We're lucky to be operating in a segment
With so many public servants about to retire, the over-55s with time and money on their hands have become an important new group for the travel industry, writes ISABEL CONWAY THEY WERE enough to give senior travel a bad name. Margaret never wanted that holiday in Portugal and now they were about to leave for home she never wants “to see that bloody place again, as long as I live”. “Yes that’s the good thing about a bad holiday - going home, which is a positive joy,” reflects the ultimate crank, Victor One Foot in the Grave Meldrew, from the iconic BBC TV series on growing old ungracefully. In the real world, the over-55s are a ray of sunshine for the travel industry, especially now with hopes pinned on the flight of the public servants who will have the time and the money – perhaps for that “trip of a lifetime”, or at least a long holiday. John Grehan, manager of Flexible Trips Ireland, part of thomascook.ie, says that notwithstanding our economic woes, there is some movement at that sublime end of the market, the round-the-world cruise. “We are going to start targeting the public servants, especially those with family or children who have emigrated to places like Canada and Australia and the recently retired, and those who will leave shortly – including public servants – are already asking about long-haul, multi-centre trips.” Anyone believing that senior travellers want no more than a beach bed or a guided bus tour with frequent pit-stops, is out of touch, says senior travel specialist James Malone. “The over-55s are often far more active than those half their age, and being retired but still young enough to travel with the mortgage paid off and the family reared, is creating a new and important target group for us,” he adds.
Ireland's onetime richest man could face jail after a state bank launched contempt proceedings against him on Friday, saying he was blocking it from seizing hundreds of millions of euros of properties in eastern Europe and Central America. The Irish Banking Resolution Corporation (IBRC) asked the High Court to declare former billionaire Sean Quinn in contempt for violating an order not to interfere with foreign property assets worth an estimated 500 million euros. Quinn, who has come to personify the rapid unravelling of Ireland's "Celtic Tiger" economy, could be jailed if he is found to have breached the July High Court order. Quinn, 65, turned a rural quarrying operation on his family farm into a 4 billion euro globe-spanning empire. But he lost over 1 billion euros in a disastrous investment in Anglo Irish Bank shortly before the bank collapsed under the weight of failed property loans and he was declared bankrupt in a Dublin court last month. IBRC, which was created from the remains of Anglo Irish Bank, accused Quinn of stripping assets from foreign-based companies to prevent it from securing money it is owed. IBRC faces "a very substantial loss" if it fails to secure assets in Russia, Ukraine and Belize, Paul Gallagher, senior counsel for IBRC said. "The effects of what we say is the contempt, is continuing to happen, happening very quickly and the damage which we are trying to stop will have happened in other jurisdictions," Gallagher said. The application for a contempt order also named Quinn's son Sean Jnr and his nephew Peter Quinn. A barrister representing the Quinn family said they denied breaching the injunction. The judge ordered a full hearing for March 21
Florida deep-sea explorers lost their legal bid to keep a half million silver coins and other treasure raised from a Spanish shipwreck. Now Spain wants to know when and how it will be handed over. Attorneys for Odyssey Marine Exploration and the Spanish government will go before a federal judge Friday to talk about the handover of the treasure. Also at issue, according to court documents, is who is responsible for $185,000 in storage fees accrued since the treasure was flown back to Tampa in May 2007. A U.S. district court and federal appeals courts ruled against Odyssey in its bid to keep most or all of the treasure. Spain contended that it never surrendered ownership of the sunken galleon Nuestra Senora de las Mercedes.
Judge Pablo Ruz issued the charges, stating that the alleged drug trafficking group, comprised mainly of Colombians and Ecuadorians, had been operating in Spain since 2007. Spanish officials estimated that up to $270 million may have been laundered until the group was dismantled in October 2010. The majority of its members have been charged with laundering money. However, the group's leaders, Spain's Luis Berho and his Ecuadorian wife Alexandra Fasce, have also been accused of collaborating with the Revolutionary Armed Forces of Colombia (FARC). Though not all of the $270 million reached South America, over $15 million is thought to have been sent to Colombia with the FARC receiving a significant amount. The primary recipient for the FARC is said to have been Juan Manuel Gomez Buitrago, who is accused of ties to the guerrilla group, reported EFE news agency. A further 12 people registered under Gomez's address also received money which could have been used to finance the FARC's operations, according to the charges. InSight Crime Analysis Though the group's alleged ties to the FARC shows the guerrilla group's reach outside of Colombia, it is important to note that financing appears to have come from, in this instance, sympathizers rather than FARC personnel acting in Spain, as was the case with the arrest of the FARC's alleged co-ordinater of European operations in 2008, Maria Remedios Garcia Albert. This outsourcing could be due to the FARC lacking the requisite skills among their own ranks to carry out a sophisticated laundering operation. As a Brookings Institute report in 2009 noted, armed insurgents who entered the organization at a young age likely lack the operational know-how for complex money laundering schemes schemes such as these. Spain has long been a focus of the FARC -- along with numerous other criminal organizations -- thanks to it serving as a key access point to Europe for cocaine shipments. It seems probable that in exchange for laundering the cash, the FARC may have sent shipments of cocaine to the Spain-based group. If so, these shipments would likely have been moved through Venezuela, a key transit route for cocaine bound for Europe.
