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Saturday, 14 January 2012

Extra Virginity: The Sublime And Scandalous World of Olive Oil, not all virgins are as pure as they might seem — and the world of olive oil is increasingly beset with fraud, smuggling and even poisoning.


According to Tom Mueller, author of a new book on the subject, Extra Virginity: The Sublime And Scandalous World of Olive Oil, not all virgins are as pure as they might seem — and the world of olive oil is increasingly beset with fraud, smuggling and even poisoning.

The problem is that where there’s money, there’s crime, and olive oil is a very valuable commodity. 

Olive oil is graded into several different types for sale, the most common of which is extra virgin

Olive oil is graded into several different types for sale, the most common of which is extra virgin

In July, Spanish police arrested the leader of a gang responsible for the theft of more than a million litres of the stuff, siphoned from storage tanks in Murcia, and shipped under false paperwork to Italy for sale. 

Italian newspapers regularly report producers being robbed at gunpoint by drivers who arrive in the middle of the night with tankers.

A few years ago, Bertolli, the biggest olive oil brand in the world, suffered a multi-million euro theft at its plant near Milan — with sophisticated thieves using jammed security cameras, guns and lorries to secure their bounty. 

 

 

Olive oil occupies a unique place in culinary history. Humans have been eating the fruits of these gnarled and tenacious trees for as long as the two of us have coexisted on this planet. 

But since then, too, the olive oil industry has been dogged by fraud. 

Clay tablets found at Ebla, in Syria, describe the activities of a 2,500  year-old anti-fraud squad who were responsible for ensuring the purity of oil, while the classical philosopher and doctor Galen complained of unscrupulous traders adulterating their olive oil with liquid lard to make it go further. 

But ancient foodies were lucky — the Roman Empire had strict controls in place to minimise such double dealing. 

Two thousand years later, olive oil regulation is back in the Dark Ages. 

Olive oil doesn't come cheap - beware of anything under about £6 a litre

Olive oil doesn't come cheap - beware of anything under about £6 a litre

As Mueller’s book observes, when you buy wine, you can usually trust that the contents match the label: if it says Chateau Margaux 1949 on the bottle, you’re not going to find last year’s Chilean Malbec inside. 

Olive oil labels, by contrast, give very little information to the consumer: an oil costing £20 a bottle will look, on the shelf, very similar to one retailing at a tenth of the price.

And with one former producer claiming 98  per cent of what is sold in Italy as extra-virgin olive oil is actually nothing of the sort, how on earth can shoppers tell what they’re getting?

In theory, it should be easy: olive oil is graded into several different types for sale, the most common of which is extra virgin. 

Extra virgin olive oil is the highest quality, made from the very best olives. 

Virgin oil, meanwhile, is made with slightly riper olives and so is deemed to have a less superior flavour.

European legislation dictates that any oil labelled virgin must have been extracted from the olive by physical means, such as pressing, rather than by chemical refinement. It also has to pass a taste test conducted by EU experts.

Rigorous enough, you might think — if only the law was properly enforced.

Olive oil doesn’t come cheap —beware of anything under about £6 a litre — and many have succumbed to the temptation to cut a few corners.

The most common fraud involves diluting extra virgin oil with a lesser grade — such as lampante, or lamp-oil, judged unfit for human consumption because of its high acid content.

Another option is to substitute a different type of oil entirely, often originating outside the EU where production is cheaper. 

Last year, two Spanish businessmen were sent to prison for selling extra virgin olive oil that turned out to be 75 per cent sunflower oil, while Mueller recounts the story of a shipment of Turkish hazelnut oil which, after a voyage around Europe, arrived in southern Italy in September 1991 with papers declaring it was Greek olive oil. 

There it was mixed with the real thing, and sold to unsuspecting customers including Nestle, owners of Buitoni oil, and Bertolli for use in their products. 

The substantial profits associated with such fraud, Mueller says, enable crooks to bribe low-paid customs officials and police to turn a blind eye to such arrivals. But this deception isn’t just confined to smugglers and gangsters. 

In 2004, an olive oil producer called Andreas Marz, concerned about the declining quality of Italian olive oil, decided to conduct his own test. 

He bought 31 different kinds of extra virgin olive oil from German supermarkets, and sent them to three expert tasting panels in Florence for analysis. 

Only one was judged to meet extra virgin standards, nine were downgraded to virgin, and the rest, including offerings from several major Italian brands, were graded as lampante.

When Marz published the results, those involved in the revelations found themselves hit with lawsuits by Carapelli, makers of ‘Italy’s most beloved extra virgin olive oil’, who seemed to have friends in some very high places indeed. 

In fact, ‘intimidation’ is the word used by one of the experts concerned. 

No wonder, then, that Marz’s shocking findings changed absolutely nothing. Such adulteration is deceitful, certainly, but pales in comparison to the toxic oil scandal which killed more than 1,000 Spaniards, and seriously injured 24,000 others, in the Eighties. 

They fell ill after consuming rapeseed oil intended for industrial use, which had been rendered inedible by the addition of a toxic compound called aniline, used in the production of plastics.

Only virgin oils can claim the full range of health benefits attributed to olive oil, because the refining process strips lesser oils of its vitamins

Only virgin oils can claim the full range of health benefits attributed to olive oil, because the refining process strips lesser oils of its vitamins

Unscrupulous traders had taken advantage of the low price-tag, repackaged it as olive oil, and sold it for culinary use.

Even companies which act within the law are happy to appropriate the premium image of Italian olive oil for lesser blends. 

Don’t be fooled by Italian flags or Tuscan olive groves on a label. Italy is one of the world’s largest importers of olive oil, much of which is then blended, stuck into suitably Italian packaging and re-exported.

About 80 per cent of the oil produced in Jaen, southern Spain, for example, is shipped to Italy, where it can be packaged and sold by Italian brands as ‘packed’ or ‘bottled in Italy’, for a far higher price than poor old Spanish brands can get. 

Indeed, Bertolli, for all its rustic Italian advertising, tells Mueller it actually imports about four-fifths of the oil it uses, mostly from Spain, North Africa and the Middle East. 

While it doesn’t really matter, from a health point of view, whether our olive oil comes from Tuscany or Tunisia, the much vaunted advantages of this cornerstone of the Mediterranean diet — its apparent ability to help protect the body from some forms of cancer and cardiovascular disease — depend very much on the quality of the oil. 

Only virgin oils can claim the full range of health benefits attributed to olive oil, because the refining process strips lesser oils of its vitamins.

But until the EU imposes tighter controls of the kind in place for wine, there seems little incentive for the olive oil industry to clean up its act.

In the meantime, there are a few things the consumer can do to help ensure that the oil they’re buying is of the quality that they’d expect it to be. 

Go for virgin or extra virgin oil, where the golden rule is that sadly, if it seems too cheap to be true, it probably is. 

Look for dark bottles, which will protect the contents from damaging UV rays that make it rancid, and search out the longest sell-by date you can.

Olive oil may be sacred to many British foodies, but it’s not immune to corruption.

It seems that, for the unwary consumer at least, healthy eating is a very slippery business.



SHIP AGROUND: COAST GUARD CONFIRMS 3 DEAD

 

At this time, 3 people are confirmed dead in an accident involving the cruising ship Costa Concordia. The ship left Civitavecchia for Savona yesterday at 7:30 PM and ran aground near the Isola del Giglio. According to Coast Guard sources, the situation is still confused. The ship has been boarded by Coast Guard rescue personnel, firefighters and a Costa officer and checked top to bottom to confirm that everybody has been evacuated. A portion of the passengers was taken on other vessels to Porto Santo Stefano while other went to Livorno by helicopter. The cause of the accident has not yet been ascertained. The grounded ship suffered a blackout just before running aground. . .

'Six feared dead' and thousands evacuated as cruise ship hits rocks off coast of Italy

 

Holidaymakers from France, Italy, Germany and Britain were forced to flee the 1,500-cabin Costa Concordia in lifeboats when it hit a reef less than two hours after leaving port. Some leapt overboard and swam to shore as the ship started to sink into the waters near the island of Giglio, off the Tuscan coast. Francesco Paolillo, the coastguard spokesman, said that at least three bodies were retrieved from the sea and at least three more were feared dead. Pregnant women and young children were among the 3,200 passengers and 1,000 crew on board. Passengers' dinner on Friday night was interrupted by a loud boom at around 8pm and a voice over the loud-speaker system initially claimed that the ship was suffering an electrical failure, before ordering everyone on-board to don life-jackets.

Paul Simon's music takes meandering spiritual journey

 

Paul Simon says there's always been a spiritual dimension to his music. But the overt religious references in his most recent album, So Beautiful or So What, surprised even him. There are songs about God, angels, creation, pilgrimage, prayer and the afterlife. . Simon says he has many questions about God and explores them through his music. Enlarge By Todd Plitt, for USA TODAY Paul Simon performs at Ground Zero during a 10th anniversary ceremony of the 9-11 terrorist attacks. Simon says he has many questions about God and explores them through his music. Ads by Google 1st Dual Core Mini-ITX VIA EPIA-M900 wi Nano X2 CPU, DDR3 up to 8GB, 2 SATA, 8 USB2.0, 4 www.viaembedded.com Simon says the religious themes were not intentional — he does not describe himself as religious. But in an interview with the PBS program Religion & Ethics NewsWeekly, he said the spiritual realm fascinates him. "I think it's a part of my thoughts on a fairly regular basis," he said. "I think of it more as spiritual feeling. It's something that I recognize in myself and that I enjoy, and I don't quite understand it." BLOG: Is heaven Simon's stunning infinity? REVIEW: 'So Beautiful' sums up Simon's latest STORY: 'So Beautiful' is beautifully familiar Simon may not understand it, but he's been writing and singing a lot about it, and that has generated attention. One Irish blogger suggested So Beautiful or So What could be the best Christian album of 2011. Sojourners' Cathleen Falsani, an evangelical who writes frequently about religion and pop culture, called it "one of the most memorable collections of spiritual musical musings" in recent memory. "It's a stunningly beautiful … album, and he's a great surprise to me and frankly a huge blessing," Falsani said. During a career that has spanned half a century, Simon has received numerous awards, including 12 Grammys. His first Grammy came in 1968 for best contemporary vocal duo, along with his musical partner Art Garfunkel. Their 1970 Grammy-winning song Bridge Over Troubled Water was influenced by gospel music. Simon comes from a Jewish background. "I was raised to a degree enough to be bar mitzvahed and have that much Jewish education, although I had no interest. None," he said. Now at 70, he said he has many questions about God. In his song, The Afterlife, he speculates about what happens after death. He imagines waiting in line, like at the Department of Motor Vehicles. As the chorus goes: "You got to fill out a form first and then you wait in the line." But there's a serious aspect as well, as the song continues: "Face-to-face in the vastness of space/ Your words disappear/And you feel like you're swimming in an ocean of love/ And the current is strong." "By the time you get up to speak to God, and you actually get there, there's no question that you could possibly have that could have any relevance," Simon explained. One of the most unusual songs on the album, Getting Ready for Christmas Day, includes excerpts of a sermon preached in 1941 by prominent African-American pastor J.M. Gates. Simon heard the sermon on a set of old recordings and said he was drawn to the rhythms of Gates' "call and response" style of preaching. The song Love and Hard Times begins with the line: "God and His only son paid a courtesy call on Earth one Sunday morning." According to Simon, "To begin with a sentence that is the foundation of Christianity, I said: This is going to be interesting. Now what am I going to say about a subject that I certainly didn't study?" The song ends with a love story, which he says is really about his wife, and a repetition of the line, "Thank God I found you." "When you're looking to be thankful at the highest level, you need a specific and that specific is God. And that's what that song is about," he said. Simon said the beauty of life and of the earth often leads him to thoughts about God. "How was all of this created? If the answer to that question is God created everything, there was a creator, than I say, Great! What a great job," he said. But he said he won't be troubled if it turns out there is no God. "Oh fine, so there's another answer. I don't know the answer," he said. Either way, he added, "I'm just a speck of dust here for a nanosecond, and I'm very grateful." Simon has sought input on his questions from some religious leaders, including the Dalai Lama. He once spent hours talking with British evangelical theologian John Stott, who died last year. Simon said Stott made a big impression on him. "I left there feeling that I had a greater understanding of where belief comes from when it doesn't have an agenda," he said. Many of Simon's songs raise universal questions about things like destiny and the meaning of life. "Quite often, people read or hear things in my songs that I think are more true than what I wrote," he said. Falsani calls Simon a "God-chronicler by accident." "He looks at the world and kind of wonders what the heck is going on, like many of us do. He asks good questions and seems to have his finger on the heartbeat spiritually of a culture," she said. Simon said he's gratified — and somewhat mystified — that some people have told him they believe God has spoken to them through his music. "Is it a profound truth? I don't know," he said. "I feel I'm like a vessel, and it passed through me, and I was the editor, and I'm glad."

Friday, 13 January 2012

Spain is the cheapest holiday destination in Europe, survey reveals

 

 research reveals resort prices in Spain have dropped as much as 40 per cent in the last five years. A range of typical holiday items, including drinks and suntan lotion, totted up to less than £38 on Spain's Costa del Sol, making it the second cheapest destination in a cost comparison survey by Post Office Travel Money. Another helping factor was the rising value of the pound, up 6.4 per cent against the euro in the past three months and stronger against 29 major currencies than a year ago.

Thursday, 12 January 2012

Two air passengers met by police over heated bust up after teenager 'reclined his seat'

 

A furious row broke out between two passengers on a packed jumbo jet after one reclined his seat as the man behind was about to eat. The pair almost came to blows at 40,000ft as shocked travellers looked on. It started when an 18-year-old sitting in economy class moved his seat back to sleep. Air rage: The drama happened on board an Emirates 517-seat Airbus A380 - the world's biggest commercial airliner - from Dubai into Manchester Airport The 38-year-old passenger sitting immediately behind him was about to eat his in-flight meal at the time. And when he asked the youth to put his seat back up while he ate a major row broke out.   More... Airline passenger is stunned three times with a Taser gun after after he refuses screening check and runs into secure area Car-sized robotic explorer fires its thrusters for next stage of journey to Mars - and will land there in August The pair traded insults and leapt up from their seats in a head-to-head confrontation. As the argument became more heated cabin crew were called and attempted to defuse the incident. Stunned travellers watched as the two men continued to shout abuse at each other while standing in the aisle before they were finally persuaded to calm down. The drama happened on board a 517-seat Airbus A380 - the world’s biggest commercial airliner - operated by Emirates from Dubai into Manchester Airport. Close: The row broke out as one passenger reclined his seat while the man behind was about to eat The pilot of flight EK17 was so concerned he radioed ahead and police were informed. Officers went to the gate at Terminal 1 after the flight landed to meet the two passengers at around noon on Tuesday. A spokesman for Greater Manchester Police confirmed officers ‘spoke to’ two men, aged 38 and 18. No further action was taken as neither man wanted to make a formal complaint, and both also admitted they had been ‘in the wrong’, say police. A spokesman for the airline said: ‘Emirates does not tolerate this kind of behaviour from passengers and safety will not be compromised.’ They confirmed there had been an ‘altercation’ on board the flight and, although no blow had been exchanged, cabin crew had been called to calm the passengers. One traveller who uses the route said: ‘I have recently flown with Emirates to the Far East. This trip was split into two separate flights and lasted 20 hours. ‘Like a lot of people on the second leg of the trip I wanted to sleep. There is a system in place where you can indicate that you do not want the meal and to be left alone to sleep, which is what I did. My seat was reclined to the limit allowed. Welcome party: Police officers were waiting at the gate at Manchester Airport's Terminal 1, pictured, to meet the two passengers involved ‘When it came time for the meal I was woken up by the person behind asking me to sit up, so they could enjoy their meal. I was a little p***** off that I had been woken up. 'I hadn’t reclined it whilst he was eating, I was doing what I wanted to do, sleep, in a position that the seat was allowing me. I didn’t make a fuss and accepted it.’ He said: ‘This is only a problem in the "cheap" seats and perhaps the airlines can have an area in this class for passengers who want to sleep in the reclined position. 'No meals would be served to these passengers, so the problem will be removed. By sitting in this area you accept no meals and the seat in front may be reclined.’ The double-decker plane first started flying into Manchester Airport in September 2010 after around £10m had been spent on changes to the airfield to accommodate it. Its introduction was part of a huge boom in the number of people flying in and out of Dubai,

Gold treasure trove and millions in cash seized from Colombian drug dealers in Spain

 

A National Police operation has seized more than 4 million € in cash and a treasure trove of gold ingots from a group of drug traffickers based in the north west of Madrid which was finalising a deal to sell off half a ton of cocaine. Three suspects from Colombia have been arrested, who also face charges of money laundering. The Interior Ministry said in a press release on Tuesday that the drugs were brought into Spain by air and the laundered proceeds from their sale were then sent to Colombia in the same way. Police began their investigations last month and swooped on the luxury apartments which were used by the gang early on the morning of January 5, seizing more than 3.5 million € and three kilos of highly pure gold. The gold was made up of ingots each weighing a quarter of a kilo. A further half a million € was discovered when the suspects’ vehicles were searched.

Wednesday, 11 January 2012

Cargo ship runs aground off Sweden, crew suspected drunk

 

The captain and helmsman are both suspected of being under the influence of alcohol and we have launched an inquiry," coast guard spokeswoman Lotta Brandstroem told AFP. It was not immediately known why the Anke Angela, an 82-metre (270-foot) ship loaded with timber, ran aground around 0100 GMT in the Kalmarsund strait between the Swedish mainland and the island of Oeland. "The captain is a German national and the helmsman is Russian, and the other four crew members are from Ukraine and Cape Verde," Brandstroem said, adding that the vessel was en route from Moensteraas to Ireland with a cargo of wood. The ship was listing slightly on Wednesday and the coast guard was assessing the damage.

Wonga stops targeting students after Twitter protests

 

Short-term lender Wonga.com has announced that it is taking down information on student finances from its website following accusations it was encouraging undergraduates to take out one of its high-interest loans. Earlier Wonga.com came under severe criticism after its website claimed that its loans can offer students "a little more financial freedom and independence". The claim attracted outrage on Twitter. One user, Neale Gilhooley, tweeted: "A pox on loan company #Wonga offering students loans at a sharking 4,214pc APR." On the "student loans" section of its website, Wonga.com says these government-backed loans – despite their very low interest rates – could encourage people to borrow too much. Student loans currently attract interest at 1.5pc or 5.3pc, depending on when they were taken out. "It's pretty hard not to get carried away when you're a student on a budget and have the option to borrow large amounts of money with a student loan. But the problem with student loans is that they potentially encourage you to live beyond your means," the website says. "They're intended for living and education costs, but it's all too easy to fritter away the money once you have it. Wonga encourages responsible borrowing because, depending on your trust rating, you can borrow as little as £1 up to £1000, as long as you can repay it within a month."

Outspoken Moroccan rapper awaits assault verdict

 

A Moroccan rapper who has become one of the monarchy's boldest critics on Wednesday awaited a verdict after a trial on assault charges which his lawyers and right activists said were a ploy to muzzle the popular singer. Mouad Belrhouat, better known as El-Haqed, or "The Sullen One", has become the singing voice of a protest movement inspired by Arab uprisings, demanding a constitutional monarchy, an independent judiciary and a crackdown on corruption. The judge adjourned the case on Wednesday after an all-night hearing to consider his verdict, expected on Thursday. The 24-year-old rapper has been in jail since his arrest in September after a brawl with a monarchist. Bail requests by his defence team have been rejected and the trial has been adjourned six times. "The charges are a farce. El Haqed is being persecuted for his critical songs. The state is keeping him in jail and repeatedly adjourning his trial to silence him," said Khadija Ryadi, who chairs Morocco's main human rights group, AMDH. The rapper's cutting lyrics telling Moroccans to "wise up" have angered many monarchists. In one song he raps that the king spends so much time giving orders that he has little time to count his money in Switzerland. However, he has struck a chord with young Moroccans who are disenchanted with poor or non-existent jobs and one song "Bite just as much as you can chew" has received more than 600,000 hits on Youtube. ALL-NIGHT SESSION Belrhouat's trial is a test for the Justice and Development Party PJD.L, which like its Tunisian peers is a moderate Islamist party leading a government for the first time after it won elections in November. In a Casablanca court packed with Belrhouat supporters, the judge begun to hear the case in an unusually late session on Tuesday which continued through the night. Mohamed Bouawine, one of the 24 lawyers who have volunteered to defend the rapper, said his client faces up to three years in jail if found guilty. AMDH's Ryadi says Belrhouat has become yet another case among "dozens of prisoners of conscience" in Morocco. Local and international right groups say hundreds of Islamists have been jailed in what they said were politically-motivated trials rushed through after suicide attacks in Casablanca in 2003, that killed 45 people. Morocco's judiciary is meant to be given more independence under reforms crafted last year by the Arab world's longest-serving monarchy as it sought to preempt a popular revolt. The man whom Belrhouat is alleged to have assaulted said the injury left him incapacitated for 45 days but defence lawyers produced evidence suggesting he recovered far more quickly and was being used as a political pawn. Belrhouat's father Mohamed told Reuters he would not be supporting his son in court had the rapper done anything wrong. "My son was set up. The police and the ambulance turned up five minutes after the incident: This never happens here."

Breast implant scandal: taxpayers face £100 million bill

 

Harley Medical Group (HMG), responsible for one in three operations using the French-made implants, said it would go out of business if made to meet the full cost of removal. HMG's position makes it more likely the other two main players, Transform Cosmetic Surgery and The Hospital Group, will also ignore pleas for private clinics to pay for surgery. Should they follow HMG's lead, the bill to taxpayers could feasibly top £100 million as the NHS will be forced to perform the corrective surgery.The big three firms are likely to have performed around two thirds of enlargement operations using faulty implants in Britain. There are around 40,000 women in the UK who have been fitted with the controversial implants and operations to remove them cost around £3,000. Mel Braham, chairman of HMG, claimed the Government had the "moral responsibility" to pay for removal operations, as the regulator meant to ensure the safety of medical devices had failed in its duty.

Iran car explosion kills nuclear scientist in Tehran

 

BBC's Mohsen Asgari: "It seems a motor cyclist pasted a bomb to his car which he was in with two other passengers Continue reading the main story Iran nuclear crisis Undeclared pursuit? Q&A: Nuclear issue Key nuclear sites Sanctions' impact Watch A university lecturer and nuclear scientist has been killed in a car explosion in north Tehran. Mostafa Ahmadi-Roshan, an academic who also worked at the Natanz uranium enrichment facility, and the driver of the car were killed in the attack. The blast happened after a motorcyclist stuck an apparent bomb to the car. Several Iranian nuclear scientists have been assassinated in recent years, with Iran blaming Israel and the US. Both countries deny the accusations. Continue reading the main story Analysis Frank Gardner BBC security correspondent The assassination on Wednesday of another Iranian nuclear scientist may now prompt Iran to try to respond in kind. The murder in Tehran of Mostafa Ahmadi-Roshan comes on top of a sophisticated cyber sabotage programme and two mysterious explosions at Iranian military bases, one of which in November killed the general known as 'the godfather' of Iran's ballistic missile programme. No-one is claiming responsibility for these attacks but Iran blames its longstanding enemy, Israel, and occasionally the US. Whoever is behind them, Iran is clearly being subjected to an undeclared campaign to slow down its nuclear programme. Frank Gardner's analysis in full Iran's Vice-President Mohammad Reza Rahimi told state television that the attack against Mr Ahmadi-Roshan would not stop "progress" in the country's nuclear programme. He called the killing "evidence of [foreign] government-sponsored terrorism". Local sources said Wednesday's blast took place at a faculty of Iran's Allameh Tabatai university. Two others were reportedly also injured in the blast, which took place near Gol Nabi Street, in the north of the capital

Two-thirds of smokers try to quit in new year

 

Two-thirds of smokers in the UK, approximately six million people, will try and quit the habit in January, but half of them will fail within a week, new research suggests. According to the study, commissioned by Pfizer Limited in support of its Don't Go Cold Turkey disease awareness campaign, one in ten of these attempts will not last beyond 24 hours. Typically, smokers admit to having unsuccessfully attempted to quit three times before, with 51 per cent confident they can kick the habit in the next six months. Some 45 per cent say they attempt to quit by 'going cold turkey' or giving up the immediately and relying on willpower, however only three per cent of these people are found to be smoke free after a year. Nearly a quarter of former smokers recommend that people trying to quit consult a healthcare professional. Dr Sarah Jarvis, BBC medical correspondent and practising GP, said: "Even a brief conversation with their healthcare professional or local stop smoking service can increase [a smoker's] chances of success by up to four times, compared to going 'cold turkey'. "People should consider how they can positively influence their chances of quitting." According to Cancer Research UK, 86 per cent of lung cancer deaths are caused by tobacco smoking.

5 UK men on trial for allegedly distributing leaflets calling for gay people to be killed

 

Five men are on trial in Britain for allegedly distributing leaflets calling for gay people to be killed, charged under a new law that makes such actions a hate crime. The men allegedly gave out flyers titled “The Death Penalty” that showed a noose and said gay people would be punished. Two other leaflets were used to publicize a protest against a gay pride march in the central English city of Derby in 2010. 0 Comments Weigh InCorrections? inShare The Crown Prosecution Service said Wednesday this was the first prosecution for stirring up hatred on the grounds of sexual orientation, under the law that took effect in March 2010. It has long been illegal to incite hatred over disability, race or religion. The maximum penalty for the crime is seven years in jail. Prosecutors said Ihjaz Ali, 42, Mehboob Hussain, 45, Umar Javed, 38, Razwan Javed, 27, and Kabir Ahmed, 28, handed out leaflets near a mosque in Derby and also stuffed them into mailboxes. Prosecutor Bobbie Cheema called the leaflets “frightening and nasty.” “These five defendants were part of a small group of men who distributed horrible, threatening literature, with quotations from religious sources and with pictures on them, which were designed to stir up hatred and hostility against homosexual people,” she said.

Twitter has complained about changes made by Google to integrate its social network Google+ into search results.

 

The new feature, called Search plus Your World, will automatically push results from Google+ up the search rankings.

Tweeting on the news, Twitter's lawyer Alex Macgillivray described it as a "bad day for the internet".

Google is determined to push its social network in the face of continued rivalry with Facebook.

The current changes were about even greater personalisation, it said. It already includes personal search history in its search algorithms.

The three changes are:

  • Personal Results - which enable users to find information such as Google+ photos and posts, both their own and those shared specifically with them, that only they will be able to see on their results pages
  • Profiles in Search - both in autocomplete and results, users will be able to find people they are close to or might be interested in following
  • People and Pages - helps users find people profiles and Google+ pages related to a specific topic or area of interest, and enable people to follow them with just a few clicks.

"Search is pretty amazing at finding that one needle in a haystack of billions of webpages, images, videos, news and much more," said Amit Singhal in the firm's official blog.

"But clearly, that isn't enough. You should also be able to find your own stuff on the web, the people you know and things they've shared with you, as well as the people you don't know but might want to... all from one search box," he added.

Twitter's general counsel Alex Macgillivray tweeted in response to the changes: "Bad day for the internet. Having been there, I can imagine the dissension @Google to search being warped this way."

Mr Macgillivray had previously been employed at Google.

Twitter expanded his point in an official statement.

"For years, people have relied on Google to deliver the most relevant results any time they wanted to find something on the internet.

"Often, they want to know more about world events and breaking news. Twitter has emerged as a vital source of this real-time information, with more than 100 million users sending 250 million tweets every day on virtually every topic. As we've seen time and time again, news breaks first on Twitter; as a result, Twitter accounts and tweets are often the most relevant results.

"We're concerned that as a result of Google's changes, finding this information will be much harder for everyone. We think that's bad for people, publishers, news organisations and Twitter users."

Google hit back at the criticisms.

''We are a bit surprised by Twitter's comments about Search plus Your World, because they chose not to renew their agreement with us last summer and since then we have observed their rel=nofollow instructions," it said in a statement.

This refers to a technical barrier which makes it difficult for Google to rank Twitter information, a spokeswoman explained.

There is also little sharing between Google and its other big rival Facebook.

Search expert John Battelle said in his blog post that social search would mean little until the two settled their differences and offered consumers what they really wanted - Facebook data integrated with Google's search.

"The unwillingness of Facebook and Google to share a public commons when it comes to the intersection of search and social is corrosive to the connective tissue of our shared culture," he said.

Europe Banks Hoarding Cash Resist Draghi Bid to Avoid Crunch

 

Banks are hoarding the European Central Bank's record 489 billion-euro ($625 billion) injection into the banking system, thwarting attempts by policy makers to avert a credit crunch in the region. Almost all of the money loaned to 523 euro-area lenders last month wound up back on deposit at the Frankfurt-based central bank instead of pouring into the financial system, ECB data show. Banks will use most of the three-year loans to meet their refinancing needs for this year and next, analysts at Morgan Stanley and Royal Bank of Scotland Group Plc estimate. “It's illusory to think that the measure will translate into credit generation,” Philippe Waechter, chief economist at Natixis Asset Management in Paris, said in an interview. “It will assuage some of the anxiety banks have regarding their liquidity needs. But they've engaged into a massive overhaul of their strategy and shrinkage of their balance sheets, which is, coupled with the deteriorating economy, not compatible with increasing credit.” Governments are urging European banks to keep lending to companies and individuals while requiring them to raise an additional 114.7 billion euros of core capital by June to weather a deepening sovereign-debt crisis. Instead of raising equity, most lenders across Europe have vowed to meet capital rules by trimming at least 950 billion euros from their balance sheets over the next two years, either by selling assets or not renewing credit lines, according to data compiled by Bloomberg. ECB Deposits That has stirred concern among policy makers that banks will cut lending and throttle growth in the euro region. Banks have been parking almost all extra liquidity from the ECB loans back at the central bank. Barclays Capital estimates firms used 296 billion euros of the Dec. 21 three-year loans to replace maturing shorter-term ECB borrowings. That left only 193 billion euros of additional money for the financial system. Overnight deposits with the ECB have jumped by about 223 billion euros since the loans to a record 486 billion euros, suggesting the central bank funds haven't so far reached customers. Banks account for about 80 percent of lending to the euro area, making them “crucial to the supply of credit,” according to recently installed ECB President Mario Draghi. By contrast, U.S. companies rely more on capital markets for financing, selling bonds to investors. Refinancing Needs The ECB lending, and a follow-up loan offering on Feb. 28, won't ease the pressure on banks to shrink, say analysts including Huw van Steenis at Morgan Stanley in London. “The ECB loans will largely be used to pre-fund 2012 and some of 2013's bank refinancing needs, but it will not stimulate lending,” Van Steenis said. They will “just stop it falling off precipitously.” Euro-area banks have more than 600 billion euros of debt maturing this year, the Bank of England said in its financial stability report last month. The first ECB loan offering should help cover about two-thirds of that amount, Goldman Sachs Group Inc. analysts say. Morgan Stanley's Van Steenis estimates banks may reduce assets by as much as 2.5 trillion euros in two years, a process known as deleveraging. The volume of loans to households and companies in the 17- nation euro area shrank in November for the second consecutive month, the ECB said on Dec. 29. Loans were still up 1.7 percent over the year-earlier period, slowing from a 2.7 percent increase in the 12 months through October. Merkel, Sarkozy When granted, loans are getting costlier for borrowers. Since July, interest margins have increased, with investment- grade borrowers in Europe paying an average of 91.6 basis points more than benchmark rates, up from 84.4 basis points during the first half of 2011, according to data compiled by Bloomberg. A basis point is one-hundredth of a percentage point. “We must avoid a credit crunch for our economies,” European Union President Herman Van Rompuy said on Jan. 9. “The recent measures by the European Central Bank on a long-term lending facility for the banks are welcome in this context.” The European Banking Authority, which oversees the region's regulators, asked banks on Dec. 8 to retain earnings, curb bonuses and raise equity to boost core capital before resorting to cuts in lending. The EBA followed both French President Nicolas Sarkozy and German Chancellor Angela Merkel in urging banks to keep lending. Sarkozy said on Oct. 27 that he had asked firms to shift “almost all” of their dividends into strengthening balance sheets and to make bonus practices “normal.” Merkel said on Oct. 9 she was “determined to do whatever necessary to recapitalize the banks to ensure credit to the economy.” ‘No Credit Crunch' Bankers have said they haven't restricted lending and that demand for credit is slowing as growth slows. “All banks I talk to keep lending to small- and medium- size enterprises and households,” Christian Clausen, president of the European Banking Federation, an industry association, said on Dec. 9. “That part of the bank will keep rolling.” There is “no credit crunch,” Frederic Oudea, chief executive officer of Societe Generale SA, France's second- biggest lender, and chairman of the French Banking Federation, said last month. “The reality is that credit is available,” he said in an interview on BFM radio on Dec. 16. Even so, companies across Europe say credit is tightening. ‘Double Punch' In France, where credit to the private sector increased by 3.7 percent in November compared with a year earlier, the majority of the country's company treasurers said they encountered “very strong tensions” in negotiating bank loans, with more than 50 percent of respondents saying the process led to more expensive terms, according to a December survey by the French Association of Corporate Treasurers. The majority of those polled said obtaining bank financing was “as difficult as at the end of 2008,” after Lehman Brothers Holdings Inc. collapsed. U.K. banks expect to toughen their criteria on loans to companies and households in the first quarter because of strains in the wholesale funding market, the Bank of England said Jan. 5in its fourth-quarter Credit Conditions Survey. Belgian credit growth slowed to 3.1 percent in the 12 months to the end of October, from 3.6 percent at the end of September, the country's central bank said on Dec. 12. In Italy, some companies with annual sales of 30 million euros to 40 million euros are charged as much as 10 percent interest on loans, Emma Marcegaglia, chief of the country's Confindustria lobby group, said in an interview on Dec. 20. Lending to businesses and consumers grew at the weakest pace in a year, the Bank of Italy said today. Draghi's Priority With the ECB's injection, “deleveraging may happen in a more orderly way, but it doesn't mean it will be painless,” said Alberto Gallo, head of European credit strategy at RBS. Banks are faced with high long-term financing costs, a deteriorating economy and difficulties raising capital, he said. “It's what I call the double punch: A combination of negative growth and banks' deleveraging will affect lending activity.” Even the ECB's Draghi, who has made it one of his priorities is to keep credit flowing into the economy, said the central bank's loan offerings may fail to achieve that goal. “Monetary policy cannot do everything, but we're trying to do our best to avoid a credit crunch that might come from a lack of funding,” Draghi said Dec. 19 at the European Parliament in Brussels. “We have to be extremely careful here, because there may be other reasons that create a credit crunch.” Draghi may be wary of the U.S. experience with multiple rounds of bond purchases. That so-called quantitative easing hasn't stimulated lending, Natixis's Waechter said. ‘Kick the Can' “Lending really picked up when the economy got better,” he said. The ECB cut its forecast for euro-area economic growth in 2012 to 0.3 percent on Dec. 8 from a September prediction of 1.3 percent. The central bank expects the economy to expand 1.3 percent next year. In the U.S., almost all categories of bank lending fell in 2009 and 2010 and didn't start improving until last year, when the Federal Reserve stopped its second wave of quantitative easing, according to data by the U.S. institution. Banks increased their holdings of Treasury and agency securities in 2009 and 2010, showing they were using the Fed's cheap money to own safe government paper. Because quantitative easing tends to improve capital markets first, the healing will be even slower in Europe given its reliance on banks for borrowing, according to Gallo.

Tuesday, 10 January 2012

Switch to olive oil for better health

 

Indian households should completely switch to olive oil as a cooking medium as its nutritional value is very high, it is rich in monounsaturated 'good' fats and, when used daily, can bring instant and easy wellness to a family's diet, celebrity chef and noted cookery expert Nita Mehta says. "Even though we have such a wide range of olive oils in our market, people don't seem to use them because of their mental block that the flavour of olive oil doesn't gel with Indian flavors," Mehta said at the launch here Satuday her latest book, "Indian Cooking With Olive Oil".

Trial begins in giant Spanish corruption scandal

 

top Spanish former official went on trial Monday at the start of legal proceedings into a raft of corruption scandals in which King Juan Carlos' son-in-law is also accused. Jaume Matas, the ex-head of the regional government of the Balearic islands who had also served as environment minister, appeared at a court in Palma de Majorca alongside three other suspects. They have been charged with embezzlement, fraud, falsifying documents and influence peddling. Matas was charged in March 2010 and was released after paying a record bail of 3.0 million euros ($3.8 million). Prosecutors are demanding an eight and a half years jail term. Matas served as president of the government of the Balearic Islands between 1996-1999 and then between 2003-2007. He was environment minister between 2000-2003. The so-called "Palma Arena affair" as the Spanish press has dubbed the corruption scandal centres on the suspected embezzlement of public funds during the construction of a velodrome in Palma de Majorca between 2005-2007. An investigation concluded that the cycling track had an unjustified cost overrun of 41 million euros. That led authorities on the archipelago to uncover other cases of suspected embezzlement of public funds, including one allegedly involving royal son-in-law Inaki Urdangarin. The 43-year-old ex-Olympic handball player is scheduled to appear in court on February 25 as part of a probe into corruption at a non-profit organisation, Instituto Noos, which he headed between 2004 and 2006. The probe centres notably on a payment of 2.3 million euros to Instituto Noos for organising a tourism and sports conference in 2005 and 2006. Urdangarin, who has the title Duke of Palma and is married to the king's youngest daughter, Princess Cristina, has denied any wrongdoing. Last month the royal family suspended the the duke from official engagements and the palace's highest official, Rafael Spottorno, gave an unprecedented rebuke, telling Spanish media his behaviour "does not seem exemplary".

Sunday, 18 December 2011

two years of crisis and bank debt in Europe, the roaring euro party is over.

 

 Greeks are emptying their bank accounts, Italians are proposing that the Roman Catholic Church begin to pay nearly $1 billion in property taxes on lucrative hotels and businesses, and in the UK, protesters sans jobs have settled near 10 Downing in the wake of the nation’s biggest general strike in years. Spain has seen well-dressed panhandlers in Madrid. The Netherlands report higher bankruptcies and lower exports. French banks are cutting thousands of jobs. And in bailed-out Portugal, two religious and two civil holidays – weekdays off – will now fall on weekends, even as healthcare costs there have suddenly doubled in many hospitals. All across Europe, the severity of belt-tightening and public anger has brought a new stream of “austerity stories” to the fore: job cuts and their effect, new instances of ethnic hate, worry about social stability. Rising right-wing violence The majority of these stories flow out of Europe’s southern tier, the “less competitive” economies. Two Senegalese street traders in a Florence market were shot and killed Dec. 13 by a right-wing fanatic and three wounded. Higher piles of uncollected garbage sit on Greek streets and there’s an increase of drugs and crime there. Immigrants who used to be welcome labor five years ago in Greece, Italy, and especially in Spain, are now subject to heavy ID checks and public frowns, and there are more spasms of violence by vigilante groups. At times, the surly climate means that “Anyone who might pass for migrant runs the risk of being beaten up,” says Judith Sunderland of Human Rights Watch Europe. “There’s a gloomy mood… in ordinary neighborhoods that I visit… worry about jobs, benefits, social security and the cost of living,” says Pap Ndiaye, social historian at the Paris School for Advanced Studies in Social Sciences. “On top of that, minorities are concerned about backlash or adding problems to the general population. A few years ago, minorities with degrees were leaving France for Great Britain but now the UK is no longer so hospitable. Now we are seeing a phenomenon of looking to the Americas. More professionals are moving to Montreal, for example… with no plans to come back to France.” Belt-tightening across the spectrum To ease austerity, Greece is selling ferryboats to Turkey and what appear to be third-world items like string, used auto parts, and TV antennas to improbable places like the Bahamas and the Marshall Islands. Italy this week said it will release some 3,300 prisoners with less than 18 months on their sentence – remanded to their homes – to save an estimated $500,000 a day. As Greece ekes out its EU bailout loans quarterly – the next tranche is still under negotiation – ordinary folks are depleting their bank accounts. The governor of the Greek central bank, Georgios Provopoulos, recently told parliament, "In September and October, savings and time deposits fell by a further 13 to 14 billion euros. In the first 10 days of November, the decline continued on a large scale.” The effect is to reduce the ability of banks to lend, he said. Some of the austerity effect may be indirectly positive. In Spain, archeologists outside Seville are glad that the building craze of the past 10 years has been halted, since planned shopping centers were to be erected on unexplored Copper Age settlements. Spanish police have also cracked down on a sophisticated forgery ring that was printing 50 euro notes out of a canning factory. In Italy, the 950 members of parliament that make nearly $200,000 a year are expected to cut their pay as the new government of Mario Monti seeks to deal with a cumulative 1.9 trillion euros in debt. Italy’s politicians earn twice that of French and German counterparts, and four times that of Spanish. Strains in northern Europe Yet various stresses and strains owing to new fracturing in Europe are not restricted just to the southern tier. Britain reports a 17-year high in unemployment even as EU figures show it has the 2nd highest living standard in Europe. London riots last August took place mainly among have-nots. Prime Minister David Cameron decided last week to opt-out of a German-French-engineered intergovernmental EU treaty designed to force discipline on EU states and stop future crises, seen as possibly isolating Britain. The decision highlighted an earlier decision by the town council of Bishop’s Stortford to alter an official 46-year old “sister city” or “twinning” relationship with the German town of Friedberg, near Frankfurt. The council is made up of mostly Tory or “euroskeptic” politicians and critics chided the town for downgrading the sister city status at a time of drift of European unity. More pertinently, perhaps, official November figures in the Netherlands, a more competitive state, show that some 610 businesses declared bankruptcy, an increase of 85 from October, and up from an average of roughly 500. Meanwhile, Dutch exports declined for the first time in two years in October. Dutch finance minister Jan Kees de Jager told reporters this week the country faces recessionary times and said there “are no taboos” in what may be cut in the budget. “We felt this coming. It is certainly not positive,” he said. “There are no easy times ahead of us.” The Netherlands will cut an estimated $24 billion under austerity measures, though the Freedom Party of anti-Islam politician Geert Wilders says it will not vote for cuts without a promise to end some $6 billion in foreign development aid.

Brits who invested their savings in their adopted countries may not be able to withdraw cash and could even lose their homes if banks call in loans

Marbella, Andalusia, Spain (pic: Getty)

Marbella, Andalusia, Spain (pic: Getty)

EMERGENCY evacuation plans for Brits living in Spain and Portugal are being drawn up amid fears of the euro collapsing.

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The drastic proposals emerged as a former Security Minister warned expats could be left stranded and destitute by the break-up of the single currency.

Brits who invested their savings in their adopted countries may not be able to withdraw cash and could even lose their homes if banks call in loans, worried ministers are warning.

The Foreign Office is preparing to bring them back from Spain and Portugal if the two countries are forced out of the euro, triggering a banking collapse.

A million Brits live in Spain and 50,000 in neighbouring Portugal – plus a million in the other eurozone countries.

And Baroness Neville-Jones, who only stepped down as a minister in May, called the situation “very, very worrying”.

The Tory peer – who once chaired the Joint Intelligence Committee for MI5, MI6 and other security agencies – said: “Spain is clearly a vulnerable area. If that happens, one of the things that will happen in a crash of that kind, is that the banks would close their doors. You would find that there are people there, including our own citizens, a lot of them, who couldn’t get money out to live on. So you would have a destitution problem.”

Brits living in Europe Map

British planes, ships and coaches could be sent to pluck our citizens from debt-ridden Spain and Portugal

Commenting on the evacuation plans, she added: “I think they are right to be doing that. I think this is a real contingency that they need to plan against – very, very worrying.”

Officials are braced for a nightmare scenario where thousands end up penniless and sleeping at airports with no means of getting home. Planes, ships and coaches could be sent, with some expats being brought out through Gibraltar.

The Foreign Office could offer small loans while piling pressure on the banks to give Brits access to their funds.

Spanish and Portuguese banks guarantee the first 100,000 euros deposited by savers but many put limits on withdrawals in a crisis.

A powerful credit rating agency downgraded 10 Spanish banks last week, while another warned over the weekend the debt crisis was threatening to spiral out of control.




Spanish king forced son-in-law to quit job in 2006

 

 

King Juan Carlos told his son-in-law in 2006 to cut ties with a company now mired in corruption allegations, an official at Spain's royal palace said Sunday. Authorities are probing the activities of a non-profit company run by Inaki Urdangarin between 2004 and 2006. "(The king) ordered him to stand down from his activities and he sold his shares," said the official, who works at the royal palace's press office, confirming reports in the Spanish press. "He was told he shouldn't work for himself and it would be better if he worked overseas." Urdangarin, 43, also known as the Duke of Palma de Mallorca, now works for Spanish telecommunications giant Telefonica in Washington, where he lives with with his wife, Infanta Cristina. The scandal, the first to hit Spain's royal family in years, centres on Urdangarin's time at the helm of the Instituto Noos, now suspected of siphoning off money from contracts paid by the regional government of the Balearic Islands, where the institute is based. The royal palace did not uncover any lies or fraud in 2006, the source said. However, a royal legal advisor found signs the Noos institute was possibly involved in commercial activities not consistent its non-profit mission. On December 12, the royal palace froze Urdangarin out of official activities over the scandal. The royal family traditionally maintains a discreet profile in Spain, where Juan Carlos is widely respected, credited with guiding the country to democracy after the death of the dictator Francisco Franco in 1975. The scandal has nevertheless caused anger at a time when ordinary Spaniards are being squeezed by spending cuts and a lack of jobs, with an unemployment rate of 21.5 percent. 

Friday, 16 December 2011

Spain's longest-serving inmate received a government pardon yesterday that saw him and his family convinced that he would walk free immediately

After 35 years in jail and eight successful breakout attempts, Spain's longest-serving inmate received a government pardon yesterday that saw him and his family convinced that he would walk free immediately – only for him to remain behind bars.

Since 1976, Spanish courts have found Miguel Angel Montes Neiro guilty of more than 30 robberies and armed burglaries, many committed while on the run. But even as a spokesman for the Spanish government, Jose Blanco, confirmed yesterday that Montes Neiro, 61, had received a pardon for two of his multiple crimes, another outstanding sentence – for robbery and illicit possession of firearms – will see him remain in jail.

Montes Neiro, from the province of Granada in southern Andalusia, was predictably delighted when news of the pardon broke yesterday lunchtime, telling his family by phone: "Don't come to the prison gates when I get out, I want to walk the first two or three kilometres so I can feel the fresh air like a free man."

However, it emerged that his pardon was only partial and that a court review of a 13-year sentence was still pending.

Montes Neiro spent his first night in the cells in 1966, aged 16, when he was arrested for stealing a packet of cigarettes. His first formal sentence came a decade later for desertion – but not before he had spent 10 days in army prison for stealing a sub-machine gun.

During his numerous breakouts, the most recent in 2009 when he spent two hours on self-imposed parole to attend the wake for his mother, Montes Neiro found the time to marry twice and have two children – and to commit a string of hold-ups and kidnaps.

Montes Neiro's record is as varied as it is long. He has been convicted of beating up hostages on three occasions, and he once formed part of a gang that broke into a Granada home and threatened to cut off a man's thumb unless his wife revealed the location of his safe.

His escapes include one from a maximum security prison in the Spanish colony of Ceuta in 1979, but perhaps his most dramatic breakout came in 1981: after hanging himself in a staged suicide bid, breaking two ribs, he escaped from prison hospital in a taxi.

On the run for a total of three years, his repeated recapture was facilitated by his tendency to remain in or near his home town. His one spell abroad, in Morocco, ended when he returned to Granada because he missed his family.

Sunday, 11 December 2011

Spanish, Italian police smash drug smuggling ring

 

Spanish and Italian police made five arrests while busting a drug-trafficking ring that for years smuggled cocaine from South America to Europe, investigators said on Friday. The group arranged for narcotics to be put on merchant ships headed to Europe. Just before the vessels arrived at their destination, the smugglers would dump cocaine packages overboard, Spanish police said in a statement. Members of the gang waiting in inflatable boats would then pick up the cocaine and take it to shore, from where it was distributed to customers in Spain and Italy, officials said.Two members of the group were detained in the Italian port city of Genoa in March in a joint operation by Spanish and Italian police. Police detained another three members of the group, including its leader, three months later in the northwestern Spanish coastal region of Galicia. "During the search of the home of the ringleader, police found a vault camouflaged behind the wall of the cellar, which housed security cameras that monitored the rest of the house as well as two large safes, cash, valuable watches, computer equipment and documents," police said in the statement. Police also seized 55 kilos (120 pounds) of cocaine, three cash-counting machines and five cars. Spain is the main gateway to Europe for cocaine from Latin America and for cannabis from north Africa

The top ranks of the Government are now coming to the conclusion that the break-up of the euro is inevitable.

 

 I understand that Hague, like the Chancellor, now believes this will happen soon. Osborne told Cabinet colleagues on Monday that the Merkel-Sarkozy plan for greater fiscal discipline within the eurozone was no solution to the current  crisis. Rather, he said, ‘it was like standing over a man having a heart attack and telling him that to avoid one in future he should do more exercise and cut down on cholesterol’. This view that the euro is unlikely to survive is why there are, so far, few worries about Britain being isolated by the eurozone bloc and its allies. The Government is also confident that the differences between the countries in the single currency will remain – that the Netherlands and Finland will continue to take a more liberal attitude to financial services and the single market than the French and the Italians. But there’s little doubt that Cameron’s decision to wield the veto changes Britain’s relationship with the other members of the European Union. The days of Britain carrying on down the same route as the rest of Europe, just at a slower pace, are now over. As one of Cameron’s closest allies says: ‘We are now, inevitably, en route to a very different destiny.’ ... but one rift is healing, at least Labour’s failure to capitalise on the weakening economy has led to renewed tensions within the party’s ranks. Ed Balls, the Shadow Chancellor, is the target of much of this backbiting. Shadow Cabinet sources complain he is more interested in justifying his record in office than winning the argument about what to do now. Balls’ detractors argue that his bellicose statements are drowning out Ed Miliband’s message.

Saturday, 10 December 2011

In line with other Costa del Sol towns, Marbella has decided to stop paying for lighting along the A-7

 

In line with other Costa del Sol towns, Marbella has decided to stop paying for lighting along the A-7, claiming that national highways should be paid for by the central government. From December 1st, only bills for the electricity needed for the stretch between Puerto Banús and Guadalmina are still being met by the corporation, the explanation being that this road runs through a town, San Pedro, and also that it would be dangerous to leave it unlit in view of the roadworks taking place. The tunnel on the AP-7 where the toll road and the Puerto Banús road diverge also still has lights, as the company holding the toll road concession has agreed to put the bills in its name. With this, the Town Hall will save a total of 350,000 euros a year.

Friday, 9 December 2011

MALAGA professor has been sentenced to a year in prison after telling a student she would only pass if she had sex with him.

 

 The pupil, who had failed the last exam of her teaching degree, had gone to see her teacher because she was worried about her situation. The professor assured her he would ‘find a solution’ and asked for the pupil’s phone number. He later phoned her and told her to come to his house at 7.30 in the evening. When she arrived he locked the door and said that in order to pass she would have to have to have sex with him and when she tried to leave, he started trying to touch her breasts. Thankfully the girl had brought back-up after growing suspicious about the private meeting. Her sister, brother-in-law and a friend heard her shouting and started banging on the door – at which point her professor let her go. The pupil was admitted to Carlos Haya hospital the following day with anxiety. The professor, who has also been ordered to pay his pupil 2,000 euros in compensation, was sentenced to a year’s imprisonment at the Provincial Court.

Saturday, 3 December 2011

Spain Makes Banks Pay Double To Deposit Guarantee Fund

 

The Spanish government Friday said it has approved a decree that will make banks more than double their contribution to the Spanish deposit guarantee fund, a measure aimed at getting lenders to shoulder a bigger part of the cost of financial sector restructuring. Under the new legislation, banks will have to pay an annual fee of 0.2% of the deposits they hold into the deposit guarantee fund, up from between 0.06% and 0.1% now. Finance Minister Elena Salgado said she expects banks to contribute EUR1.5 billion to EUR1.6 billion to the fund per year after the change. "The restructuring of the financial system will have zero cost for the tax contributor, and today's law reinforces that idea," Salgado said at a press conference following the outgoing Socialist government's weekly cabinet meeting. The move follows a recent government initiative to merge the deposit guarantee fund of the commercial banks with that of the savings banks, and use its funds to cover losses resulting from sector cleanup, part of a wider plan to slash a gaping government budget deficit. The deposit guarantee fund currently holds a total of EUR6.59 billion. The move didn't go down well with bankers. The AEB, a banking association which represents Spain's commercial banks and not the savings banks, said it is "surprising and unfair" that the banks are being forced to pay more to the fund. Until now, none of the listed banks has taken state aid, while several savings banks have been bailed out. Economists and analysts are concerned that the mounting cost of the cleanup of Spain's ailing banks will undermine Spain's efforts to bring down the deficit. Spain's state-backed Fund for Orderly Bank Restructuring injected EUR7.55 billion in its banks to help them meet new minimum capital requirements the government set earlier this year. This comes on top of around EUR10 billion the FROB earlier provided to banks. But the total amount falls far short of the capital needs estimated by many independent analysts. Just last month, the Bank of Spain seized Banco de Valencia SA (BVA.MC), a lender with EUR24 billion in assets that like many Spanish lenders had made big and ultimately fatal bets on lending to real-estate developers. That took the tally of nationalized banks to seven since 2008, after a massive real-estate bubble burst. Only two of these have so far been auctioned off. The Bank of Spain next week is expected to finalize the auction of Caja de Ahorros del Mediterraneo (CAM.MC), by handing it over to midsized lender Banco de Sabadell SA (SAB.MC). Central bank Governor Miguel Angel Fernandez Ordonez recently called CAM "the worst of the worst" of the country's ailing banks, and is offering the buyer sweeping guarantees against future loan losses resulting from its exposure to the real-estate sector. The prime minister elect, Mariano Rajoy of the conservative Popular Party, has said cleaning up the banking sector is one of his main priorities when he assumes power later this month, though he has yet to spell out how he plans to conduct this cleanup

Hundred million euro plan to expand Marbella port gets go ahead

 

109 million euro plan to expand Marbella’s fishing port has finally been given the green light. The long planned transformation of La Bajadilla into one of the most luxurious marinas on the Mediterranean can now take shape after the Junta de Andalucia, Marbella town hall and The Nasir Bin Abdullah & Sons Consortium signed a contract allowing construction to begin. The move comes just weeks after the Andalucian High Court overruled objections to the scheme – submitted by Sheikh Abdullah Al-Tani, a member of the Quatari Royal family and owner of Malaga CF – that it would cause irreversible damage to Marbella. Work will now being within six months and will see the port undergo intense renovation and rescaling to make it ready to receive cruise liners and other large ships. In particular the plan, which is expected to take four years to complete and will create 750 jobs, includes a commercial area of 23,000 square meters, car parking with around 250 spaces, a five star hotel and three times the current number of moorings. It marks the first public private partnership to finance a sports marina in Spain and will give the contractor development rights for 40 years. According to the mayor of Marbella, Angeles Munoz, the scheme will also attract other projects to the Costa del Sol town and is particularly welcome in the current economic climate. “It is a great opportunity not to be missed,” she said.

Marbella has suffered from a scandal that has blighted the town for a decade.


Eighteen thousand homes were built illegally by developers during the boom years up to 2006 and thousands of people bought them in good faith. The Marbella administration has sought to resolve the issue by fining the developers and devising a plan that effectively legalises 17,500 homes. Where developers cannot be found, homeowners pay the fine.

Until now, the Andalucia regional council, within whose jurisdiction Marbella lies, had opposed the town council’s policy of legalising illegally built homes. However, the Andalucian authorities have announced they will issue a decree before the end of December agreeing to allow illegally built homes to remain standing.

However, Marbella and Andalucia agree that 500 homes remain illegal because they break multiple laws. The courts want them demolished, but Marbella’s town council is reluctant to destroy them.

“The politicians don’t want to be seen putting people out of their homes,” says Campbell Ferguson, director of Survey Spain Network of Chartered Surveyors. He advises buyers to consult a lawyer before putting in an offer on a property to find out whether it was licensed or has any fines attached to it.

Laurent Coulée, sales director at Fine & Country estate agents, says; “While nothing was built for the last five years, in the last few months we have seen some villas being constructed.”

Marbella map

Sierra Blanca Estates is building 36 apartments at its Reserva de Sierra Blanca scheme in the north of the town. Prices start at €1.15m for the three-bedroom apartments which are scheduled for completion in 2013. Half have been sold off-plan, with Russians the biggest buyers. Coulée says developers are gaining confidence from five infrastructure projects, three of which are under way.

First, the San Pedro Bypass, which is scheduled for completion in early 2012, will divert traffic from Marbella city centre, relieving congestion during busy summer months. Second, Marbella’s beach promenade, the Paseo Maritimo, is undergoing €10m of upgrades and extensions. Third, Malaga Airport, where a third terminal opened in March 2010, is scheduled to have a second runway completed in the first three months of 2012.

Other infrastructure schemes include the redevelopment of Marbella’s La Bajadilla marina and fishing port. Qatari developer Nasir Bin Abdullah & Sons wants to build a €400m marina with 858 moorings, including six for super-yachts, and a 200-metre pier for cruise liners. It will build shops, bars, restaurants and a five-star hotel to line the quayside and at least four blocks of apartments, by 2015. The town hall is an enthusiastic supporter of this project because it believes it will help Marbella compete with rival tourist destinations, the Côte d’Azur and Sardinia.

Also in the pipeline is a plan to extend Malaga’s commuter railway from Malaga Airport to Marbella, giving visitors and residents an alternative to travelling by road.

Assuming all five schemes are completed, Coulée says their effect on the town’s property market will be transformative. The transport schemes would make it easier for holiday homeowners to access Marbella, while the new marina would draw tourists, providing opportunities to rent out properties, he says.

Despite renewed demand, Marbella remains a buyers’ market. In prime areas, such as the city centre and along the Golden Mile, a stretch of dual carriageway lined by hotels, luxury homes and businesses, property prices need to be 40 per cent below 2006 valuations to make them saleable, says Barbara Wood of buying agency The Property Finders. If the market continues to follow the pattern of previous downturns, prices will flatline in 2012 and 2013 before rising in 2014, she forecasts.

Kristina Szekely, owner of Kristina Szekely Sotheby’s International Realty, says the eurozone crisis, coupled with Spain’s economic and debt problems, is having a negative effect on the Marbella market, but that some buyers are taking advantage of this to buy properties at relatively low prices.

Coulée says Swiss and Scandinavians are buying Marbella homes to take advantage of the fall in value of the euro relative to their national currencies. Other buyers come from Spain, Britain, Russia, Qatar and Dubai, and tend to be cash buyers who do not need a mortgage.

La Casa Loriana

La Casa Loriana is on the market for €50m

Buyers have some interesting properties to choose from. Fine & Country is marketing what it says is Spain’s most expensive home, the €50m La Casa Loriana which overlooks the Marbella beach and promenade. The main house, guest house, beach house and staff villa provide 4,000 sq m of accommodation, including 10 bedroom suites. Features include two swimming pools, a cinema and sweeping driveway.

Marbella’s developers and estate agents are celebrating the Popular party’s general election success in November because they believe the conservatives will support the town’s infrastructural improvements and that they may extend the previous Socialist administration’s temporary VAT cut on newly built homes. Whether that will keep housebuilders at work while the eurozone debt crisis takes its toll on Spain’s economy remains to be seen.

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