21/03/2012

Two police officers were injured in a shoot-out in a raid on a house in Toulouse to arrest suspects in the killings of three children and a rabbi at a Jewish school in southwest France.

 

   The source said the raid began at 3am local time (2am GMT) and was ongoing, but did not provide further details.     French news channel BFM TV said the suspects were linked to an Islamist group which it identified as Forsane Alizza but it was not immediately possible to confirm this.

20/03/2012

800 'jet-set' extras needed

 

Oscar-nominated director Danièle Thompson is looking for 800 men and women to play Saint Tropez’s jet-set elite in her new feature-length production. So if you are keen to be on the big screen, head to Cogolin next week for your chance to be in the limelight! Thompson’s up and coming film ‘People who kiss’ (Des gens qui s’embrassent) needs an extras cast made up of almost one thousand men and women between the ages of 18 and 65. “Sexy, fashionable, elegant... that’s what we’re looking for,” said Thompson, who assures that previous experience isn’t necessary. Over five days of casting, Thompson and her team will whittle down an expected 3,000 applicants to just 800, who will make up the audience of a classical music concert. To register for auditions, head to the Maurin des Maures culture centre in Cogolin from Monday 26th until Thursday 29th. The selection process will begin on Saturday at 10am. All you need to do is turn up looking fabulous! The two days of filming are scheduled to take place sometime between 21st May and 8th June this summer.

Second arrest after man killed at Herbie Hide's home

 

A second person has been arrested on suspicion of murdering a man at the Norwich home of former boxing world heavyweight champion Herbie Hide. Tafadzwa Kahn, 25, of St Giles Street, Norwich, died from a stab wound at the house in Long Lane, Bawburgh, on Sunday morning. An 18-year-old man from the Norwich area was arrested on Tuesday. The first person arrested, a 16-year-old boy, remains in custody in Wymondham Police Investigation Centre. Detectives said the stabbing followed an argument at a party in the house. 'High visibility patrols' The property remains sealed while a forensic examination is carried out. Police said they would continue to provide high visibility reassurance patrols in the area. More than 100 people were at the party at the time of the stabbing. Police said earlier they were "fairly certain" Mr Hide was not on the premises at the time of the stabbing. Mr Hide told the BBC on Monday: "The reality of this right now is a man is dead. Imagine this - a lady was told her son has gone. Imagine that." A spokesman said a post-mortem examination found the cause of death was a stab wound to the body. Mr Hide and his family have relocated while investigations at the house continue. Mr Hide won the WBO (World Boxing Organisation) heavyweight title for the first time in 1994, beating American Michael Bentt, but lost it to another American, Riddick Bowe, the following year. He regained the title in 1997 and made two successful defences before losing to Vitali Klitschko in 1999.

Azhar Ahmed to stand trial over Facebook post about dead soldiers


Azhar Ahmed, 19, appeared at Dewsbury magistrates' court charged under the Communications Act 2003 with sending a message that was grossly offensive on March 8. In court a racially-aggravated public order charge was withdrawn, but Mr Ahmed, from Ravensthorpe, West Yorkshire, denied the new charge. Police and demonstrators outside Dewsbury Magistrates Court (Picture: PA) He has been bailed and is due to stand trial at Huddersfield magistrates' court on July 3. There was a large police presence outside court as 50 far-right protesters staged noisy demonstrations when he arrived and left. Mr Ahmed's court appearance came as the bodies of the six soldiers killed in Afghanistan on March 6 were repatriated to RAF Brize Norton in Oxfordshire. Demonstrators shouted when Azhar Ahmed arrived and left court (Picture: PA) They died when their Warrior vehicle was struck by an improvised explosive device in Lashkar Gah in the deadliest single attack on British forces since 2001. Sergeant Nigel Coupe, 33, of 1st Battalion The Duke of Lancaster's Regiment was killed alongside Corporal Jake Hartley, 20, Private Anthony Frampton, 20, Private Christopher Kershaw, 19, Private Daniel Wade, 20, and Private Daniel Wilford, 21, all of 3rd Battalion the Yorkshire Regiment.

Harry Potter Star Jamie Waylett Jailed For Two Years For Violent Disorder In London Riots


Actor Jamie Waylett, who starred in the Harry Potter films, has been jailed for two years for being part of a violent mob during last summer's London riots. The 22-year-old, who played Hogwarts bully Vincent Crabbe in six of the films, was found guilty of violent disorder by a jury at London's Wood Green Crown Court. The actor, who had already admitted swigging from a stolen bottle of Champagne during the rioting, was cleared of intending to destroy or damage property with a petrol bomb he was pictured holding. He already has a previous conviction for cannabis possession. Waylett of Hillfield Road, northwest London, was with a gang of at least four people who went into Chalk Farm on August 8, the third night of violence in the capital. He was captured on CCTV at various points during the evening, often with his hood over his head. Buildings on fire in Tottenham during the riots Judge Simon Carr sentenced the actor to two years for violent disorder and 12 months for handling stolen goods, to run concurrently. Jailing him, the judge said: "A considerable amount has been said about what happened over those few days. Anyone watching the footage in this case can only imagine the mayhem that took place on the streets. "You chose to go out on to the streets on what was the third day of the violence. "You were pictured on a number of occasions with a bottle full of petrol with a rag as a wick. "I accept entirely the jury's verdict that you did not throw or have any intention of throwing it, but merely being in possession of it would have been terrifying to anyone who saw you." Waylett will be eligible for parole after serving a year in jail. The star, who had a shaved head and a goatee beard, wore a white shirt with an open collar and a dark suit to hear the sentencing. He nodded to the public gallery as he was led down to the cells.

19/03/2012

18 Best Places to Retire Overseas

When choosing a place to spend your retirement years, the cost of living is important. But it is only one consideration. The ideal retirement spot is a place where you can live a rich life filled with friends, travel, discovery, physical and intellectual distractions, and opportunities for growth. A super-low cost of living is great, but more important is the quality of life your retirement budget is buying you. Many of the best options for enjoying an enormously enriched retirement lifestyle on even a very modest budget can be found overseas. Here are the world’s 18 top retirement havens, where an interesting, adventure-filled lifestyle is available for a better-than-reasonable cost. The Americas 1. Panama. Panama is the world's top retirement haven. Panama City no longer qualifies as cheap, but other spots in this country certainly do. Panama continues to offer the world's gold standard program of special benefits for retirees. The currency is the U.S. dollar, so there is no exchange rate risk if your retirement savings and income is in dollars. The climate in Panama City and on the coasts is tropical, hot, and humid. However, the climate in the highlands can be temperate and tempting. Panama is the hub of the Americas, meaning it's easily accessible from anywhere in North and South America and Europe. 2. Belize. Belize is a great place for reinventing your life in retirement. This tiny, under-developed, sparsely populated country offers two distinct lifestyle options: Ambergris Caye is the best of the Caribbean at a discount, while the Cayo is a frontier where independent-minded pioneers can make their own way and do their own thing, peacefully and privately. The climate is tropical, warmer on the coast, and cooler in the mountainous interior. The official language is English, so there’s no foreign language barrier for Americans. You’ll find a well-established and welcoming community of expats in San Pedro and on Ambergris Caye, and an emerging community of expats in the Cayo around San Ignacio. 3. Colombia. Medellin, a city of springtime and flowers, is the unsung jewel of Colombia. This city is pretty, sophisticated, cosmopolitan, safe, and affordable. Perhaps the most appealing advantage in Medellin is the cost of real estate. It's an absolute global bargain. You can buy property in a good neighborhood for as little as $1,000 per meter. Medellin’s second biggest appeal is its climate, which is spring-like year-round, thanks to the high elevation. Medellin is a more developed city than you might imagine, with five of the best hospitals in Latin America, universities, museums, art galleries, and an efficient and reliable metro system. It also has international-standard shopping and many interesting nightlife options. If you fancy Paris or other Continental city choices, but don't want or can't afford Europe, I strongly recommend you take a look at Medellin. This city is one of the best places in the world to hang your hat. 4. Uruguay. It seems that the more troubled the rest of the world becomes, the more people are finding appeal in Uruguay, a stable commodity-based economy with a sound banking system. Uruguay is neither an aggressor nor a target of aggression in the world arena, and it's not a high-stakes player in world politics. Costs have risen in recent years thanks to the strength of the Uruguayan peso and the sinking value of the dollar. But, even as the cost of living and of real estate rose, Uruguay has become even more popular as a lifestyle and retirement destination. Accordingly, people are coming to Uruguay in record numbers, with residency applications up over 300 percent since 2007, many of these coming from the United States. 5. Ecuador. Ecuador is perhaps the best choice in the Americas for a retiree looking to enjoy a rich and interesting quality of life on a limited budget. I recommend Cuenca, the former Inca and Spanish capital, a current UNESCO World Heritage Site, and the intellectual heart of Ecuador. Cuenca is home to about 1,500 full-time residents from North America. This is not a big number compared with some more recognized Mexican retirement choices, but Cuenca clearly qualifies as an expat-friendly city, offering one of the most interesting retirement lifestyles available anywhere. Amenities include theater, orchestra, shows, restaurants, broadband Internet service, reliable electricity and telephone, and drinkable tap water. Cuenca’s appeal as a retirement haven is expanding in important ways, thanks to a recently developed program promoting the city as a medical tourism destination. The city's five top hospitals have joined together to offer bundled programs of medical tests, procedures, and services available for from $66 to $401. Costs for comparable services in the United States would be multiples of these amounts. In addition, Cuenca is now offering nursing care of a standard suitable for and appealing to the expat retiree at a cost of just $450 per month, including 24-hour doctor and nurse attendance, food, laundry, personal care, and occupational and rehabilitative therapy. 6. Nicaragua. Another top choice for a retiree with a very limited budget is Nicaragua. This country’s Pacific coastline is every bit as dramatically beautiful as that of neighboring Costa Rica. Infrastructure is under-developed in both countries, but the cost of living and especially real estate are noticeably lower in Nicaragua, making the pot-holed roads easier to bear. Nicaragua also boasts two of the top Spanish-colonial cities in the Americas: Granada, a pretty and romantic city that everyone should see once, and Leon. Both places were founded in the early 16th century by Cordoba. 7. Roatan, Honduras. I’m not a big fan of mainland Honduras, which is under-developed and, in some places, unsafe. However, the Bay Island of Roatan is a world apart and one of my two top picks for affordable retirement in the Caribbean (the other is Ambergris Caye, Belize). 8. Argentina. Argentina is a dynamic and charming nation that rides perpetually between crisis and boom. This rich country boasts abundant natural resources and offers many appealing retirement lifestyle choices, including the eclectic and cosmopolitan neighborhoods of Buenos Aires, the provincial capitals, a finca in the countryside, and a boutique vineyard in Mendoza. Retirement life in Argentina could be many things, but never dull. The downside is a rising cost of living, thanks to local inflation and the falling value of the U.S. dollar versus the Argentine peso. 9. Mexico. This is historically one of the most recognized retirement havens for Americans. But Mexico today is suffering from a lot of bad press thanks to its drug wars. However, Mexico is a big country, and the drug goons haven’t overtaken it entirely. It continues to offer some of the best coastal lifestyle and retirement options in the Americas, including Puerto Vallarta, my number-one choice for an affordable life of luxury on the Pacific. A couple could enjoy a a five-star retirement in this beautiful and romantic coastal town of marinas, golf courses, yacht clubs, and fine dining on a budget of as little as $2,500 per month. 10. Chile. Chile is a developed, First World destination that is also quiet, safe, and stable. Unlike its more scandalous neighbor, Argentina, Chile offers a cultured, comfortable lifestyle that is relatively calm. Santiago is a city of classic-style architecture, cobblestoned streets, and cafes with outdoor seating, in many ways reminiscent of Paris or Barcelona. This city of 7 million is also remarkably clean and friendly and boasts a diverse and expanding property market that is affordable on a global scale. You could own property at some of the city’s best addresses for less than $2,000 a meter. One important downside to retirement in Santiago is the air pollution, which is a serious problem, especially during the winter months. A better option could be the country’s beautiful Lake District to the south of Santiago, which is a favorite retirement choice among Chileans themselves. Europe 11. France. France is a land of superlatives. Its capital has been called the most beautiful, most romantic, and most touristed city on earth. It also boasts some of the world’s best wines, cheeses, restaurants, shopping, castles, gardens, parks, beaches, museums, cafes, galleries, vineyards, and architecture. The typical concern for anyone who has ever dreamed of a new life in France is that it's too expensive for the average retiree to consider seriously. Not so. Paris isn't cheap. But elsewhere in France you can find realistic options, even if your retirement budget is modest. Perhaps the most retirement friendly region in this country is in the southwest, north of Spain, where small country towns offer a way of life that is quintessentially French and also very affordable. 12. Italy. The cost of living in Rome, Florence, Venice, and Tuscany might be beyond the limits of your retirement budget. But that doesn't mean you should take Italy off your list entirely if this is the country that stirs your imagination and speaks to your soul. A retiree on a budget interested in Italy could look at Abruzzo. From this beautiful Old World base, within a half-day's drive of both the coast and the mountains, you could plan excursions to Italy's better-known and more expensive outposts as often as you liked. 13. Ireland. Americans have long dreamed of retirement on the Emerald Isle and with good reason. Ireland is safe, peaceful, relaxed, welcoming, friendly, hospitable, and English-speaking, making it an ideal retirement choice for many. Ireland today is also more affordable than it has been in more than a decade, and its property market has fallen off a cliff. Real estate prices are down 50 percent or more in many markets and are still falling. If you, like so many others, have dreamed of wiling away your retirement years on your own little piece of the Auld Sod, this could be the best time in your lifetime to think about making that purchase. 14. Spain. Spain is known among expats for its Atlantic and Mediterranean coastlines, especially its infamous (and unfortunately over-developed) Costa del Sol. But there's more to this country than its costas. Barcelona, for example, is a world-class city on the ocean, perfect if you're looking for a cosmopolitan life near the water. Real estate prices in this country have fallen tremendously since the highs of four or five years ago. If retirement in Spain appeals to you, this could be the time to search for a great deal on Spanish retirement digs. 15. Croatia. Croatia, a country with an extraordinarily complicated history and an extremely open-minded, forward-looking population, is at another turning point in its long history. Countries at turning points are interesting places to be. I recommend the country’s Istrian Peninsula, which serves up some of the most delightful scenery on the planet. The land seems to rise up to embrace you, and everywhere you look, something nice is growing like olives, grapes, figs, tomatoes, pumpkins, blackberries, and wildflowers. Even the buildings seem to be part of the earth, built of its white stone and red clay. This sun-soaked region offers one of the most appealing lifestyle options in Europe today. Asia 16. Thailand. Thailand boasts both really cheap and developed and comfortable lifestyle choices. It is also noteworthy as being one of the few countries in this part of the world that offers formal options for long-term and retirement visas. Hua Hin is one of the few classic retirement havens in Southeast Asia, complete with golf courses, factory outlets, and gated communities. Foreigners make up approximately 15 percent of that population, and most of them are retired. With 12 golf courses in operation and another 3 under construction, this is definitely the place to go if you're a golfing enthusiast. Hua Hin is a place where, if you were so inclined, you could live a North American lifestyle and never have to involve yourself more than superficially with the local Thai culture. This could be a plus or a minus for you, but it is worth noting when discussing options in this typically exotic part of the world. 17. Vietnam. While Thailand is well-established as an interesting option for expats and foreign retirees, Vietnam is an emerging choice, which could get a lot more attention in the coming few years. Nha Trang offers an interesting coastal retirement option for adventuresome retirees. Nha Trang’s total population of more than 200,000 includes an expat population of about 1,000 people, meaning foreigners here are still pioneers. You'll find no organized activities for foreigners, such as expat clubs or softball leagues. The lack of a big foreign population makes it easier to have meaningful interactions with the locals. The major attraction in Nha Trang is its cost of living, which can amount to much less than $1,000 per month for a retired couple. If you're a budget-minded retiree with an interest in Asia, this town should be on top on your list. 18. Malaysia. After Thailand, Malaysia is the easiest country to navigate in this part of the world. The country's capital, Kuala Lumpur, is a city of contrasts. The shining stainless steel Petronas Towers, two of the tallest skyscrapers in the world, anchor a startlingly beautiful skyline that is truly unique to this city. Modern, air-conditioned malls flourish, selling everything from beautifully handcrafted batik clothing to genuine Rolex watches and Tiffany jewelry. In the shadows of these ultra-modern buildings, the ancient Malay village of Kampung Baru still thrives, with free-roaming roosters and a slow pace of life generally found in rural villages. Less than a 20-minute walk from the city center, you can find yourself conversing with monkeys in the city-jungle surrounding one of the highest telecommunications towers in the world. A walk of less than 30 minutes leads you to Chinatown and Little India, where merchants offer their wares, foods, and culture in happy neighborhoods that showcase the amazing diversity of the city. Unlike some places in Asia, foreigners are genuinely welcomed in Kuala Lumpur. Language isn't a problem, as almost everyone speaks adequate English. Immigration is easy, and it is possible to stay for an extended period with a simple tourist visa. Although Kuala Lumpur is more expensive than rural Malaysia, it can be marvelously inexpensive by Western standards. You can realistically expect to cut your living expenses by a third and still enjoy a lifestyle comparable to what you are accustomed to now.

5 Top Ways Stars Lose All Their Cash

Last week Gary Busey passed a mandatory online financial management course in an attempt to convince a U.S. Bankruptcy court he'll start sensibly managing his money.  The veteran actor recently filed for Chapter 7 bankruptcy. But in Hollywood, going broke is just about as as common as a leaked nude photos; just ask Toni Braxton, Larry Wilcox, Vince Neil, Mike Tyson, and Stephen Baldwin, all of whom have recently filed for bankruptcy. Not to mention Zsa Zsa Gabor’s husband, who was forced to put their Bel Air mansion on the market last year to pay the ailing star’s medical bills; Wesley Snipes, who was imprisoned for three tax-related misdemeanor convictions; and Nicolas Cage, who lost one of his homes to foreclosure and has been plagued by IRS issues. So how is it that some of the most well-paid people on the planet can end up with next to nothing? We talked to financial management experts and they ticked off the top five ways rich celebs lose it all (or close to it). 5. They have no idea how money management works.  “Most celebrities have extremely creative minds. But in my experience, the most creative folks tend not to want to spend time dealing with business issues,” tax and business expert Joseph M. Doloboff, Partner at Blank Rome LLP in Los Angeles told FOX411’s Pop Tarts column. But don’t famous folks hire financial planners and business managers to take good care of their millions? “Most of them do, but at the end of the day, these accounts are still in a celebrities’ name, which gives them ultimate control over their wealth,” said Certified Financial Counselor for Financial Advice for the Artist, Erin Elizabeth Burns. Which can mean big spending, big mistakes and… 4. Bad advice.  Pete Krainik, Founder and CEO of The CMO Club, a networking resource for top marketing executives, noted that some celebrities do not have the skill sets to identify and determine the right business/financial managers for their needs. “Because they don’t think of themselves as brands, they don’t put the efforts or plans in place to maximize their value for endorsement deals,” he explained. “They should have themselves significant additional revenue streams – it is not just about getting the next role, but getting the next deal.” But some such "additional revenue streams" can also run in the red.. Last year, the Las Vegas rendition of Beso – the restaurant/nightclub co-owned by Eva Longoria – filed for bankruptcy to restructure nearly $5.7 million in debt and other liabilities. Prior to that, the Jay-Z owned 40/40 sports bar in Sin City shut its doors a mere eight months after opening. Britney Spears’s southern-inspired Nyla Restaurant reportedly hit monetary blows before she also severed ties, and both Jennifer Lopez’s “Sweetface” clothing line and restaurant Madres went dark. 3. Theft and fraud.  Hollywood's highest profile people are actually human, which means they too are susceptible to being screwed by business managers, badly worded deals and corrupt advisors. Just ask Kevin Bacon and wife Kyra Sedgwick, who were taken to the cleaners by Ponzi schemer Bernie Maddoff. Doloboff also said prominent factors in a celeb’s financial crumbling is their tendency to bring "friends" -- or family -- into the fray as business partners or employees. “Many professional athletes and entertainers want to help their friends while simultaneously helping themselves,” he said. “The best advice is to refrain from doing business with friends. True friends don’t condition their friendship upon doing business together.” Comedian Dan Cook will probably adhere to that – in 2010, his half-brother Darryl McCauley was ordered to pay the comic $12 million in restitution after pleading guilty to embezzling funds from him. McCauley allegedly stole $12,500 a month as Cook’s business manager. Friends and fraud – double whammy! 2. Drugs, booze, and bad habits. Stars are known to fall when the temptations of drugs/alcohol/hard partying turns into a dangerous addiction. It can also be more than an expensive habit, as addiction often impacts other areas. “You are far more likely to make poor decisions when under the influence of drugs or alcohol. When you’re dealing with celebrities, the problem is that their support groups, (friends, family, entourages, et al), often consist of enablers,” explained Richard Taite, the Founder and CEO of rehab center Cliffside Malibu. “It comes as no surprise that a successful celebrity can face financial destitution if they are abusing drugs or alcohol and are left to their own devices.” 1. Ridiculous overspending. Last but not least, some beautiful yet broke folks just lead foolishly fabulous lives (we're talking to you, MC Hammer) and refuse to accept that fame (and its fortune) can be fleeting. “Most celebrities have luxuries such as a cook, a driver, a personal stylist, a personal assistant etc.,” said Burns. “They become accustomed to this lifestyle, but when their contract isn’t renewed, or when the films offers stop coming in, they are still living this life of luxury with the expectation that they will always be in demand.” Yes, sadly, not every Hollywood tale has a happy ending. But with some good financial advise, the ending doesn't have to be tragic.

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At least four people, including three children, were killed, when a man on a scooter opened fire outside a Jewish school in Toulouse in southwestern France


At least four people, including three children, were killed, when a man on a scooter opened fire outside a Jewish school in Toulouse in southwestern France on Monday, officials said. The attack also left several injured, two of them seriously, and followed the killing of three soldiers in two separate shootings in the same region last week by a man who escaped on a scooter. BFM TV news channel said that the gun used in the attack at the Ozar Hatorah school was of the same calibre as that used in the soldiers’ shootings, but a spokesman for the interior ministry could not immediately confirm this. President Nicolas Sarkozy cancelled other appointments and was on his way to Toulouse on Monday morning, accompanied by Education Minister Luc Chatel and the president of the CRIF French Jewish association, Richard Prasquier. “I saw two people dead in front of the school, an adult and a child … Inside, it was a vision of horror, the bodies of two small children,” a distraught father whose child attends the school told RTL radio. “I did not find my son, apparently he fled when he saw what happened. How can they attack something as sacred as a school, attack children only sixty centimetres tall?” Several other people were injured, two of them seriously. A rabbi at the school, identified as Rahamim Sabag, told Israel’s channel two television that the dead were a 30-year old rabbi who taught at the school, the rabbi’s five-year-old son and two eight-year old children, one of them the daughter of the school’s principal. A spokesman for Israel’s foreign ministry, Yigal Palmor, expressed outrage at the killings: “We are following with great shock reports coming from Toulouse and we trust the French authorities will solve this crime and bring those responsible to justice.” A spokesman for the interior ministry said that security was being tightened at all Jewish schools in the country. About 50 investigators are already looking into the killings of two soldiers on Thursday in the town of Montauban, close to Toulouse, as they tried to withdraw money from a cash machine close to the barracks of the 17th parachute regiment. A third soldier was killed the previous weekend in Toulouse. Investigators had already confirmed on Friday that the same weapon had been used in both incidents.

More and more footballers are going bankrupt despite Premier League wages now averaging £1.47 million a year,

 

More and more footballers are going bankrupt despite Premier League wages now averaging £1.47 million a year, experts have claimed.  Mark Sands, head of bankruptcy at accountancy firm RSM Tenon, said the lavish lifestyles of the players coupled with poor investment choices has led to increased vulnerability. "In 2010 the average salary of a player in the Premier League was £1.47 million, 56 times the average UK wage," Sands told the Birmingham Mail. "But as their wages have increased so have the number who become insolvent. "We have certainly had an increase at RSM Tenon in the past three years. The main reasons for this can be unsustainable consumption, falling incomes after leaving the top flight, poor investment and lack of financial awareness." Last month former England international Lee Hendrie was forced to declare himself bankrupt after racking up debts of more than £200,000 with the taxman, despite earning £24,000 a week at the peak of his career. RSM Tenon stated: "The debts have apparently been a result of a tax scheme Hendrie was advised to enter into which was rejected by HM Revenue & Customs, leaving an unpaid tax bill which led to the petition. “Investments made during his peak years, in properties and film-related partnerships, went bad, leaving no money for Hendrie to turn to when times were tough.” Last year, current Tottenham goalkeeper Brad Friedel was also declared bankrupt after his non-profit US football academy ran up debts of close to £5m.

TOWIE to shoot summer special in Marbella

 

Sam Faiers and the rest of her TOWIE castmates are apparently jetting off to Spain to film a special this summer. The reality TV stars will be shooting in sunny Marbella - where they holidayed last May - later on this year, reports the Daily Star. Speaking at the Tric Awards, Sam said the special will need "lots of dramas, a fight and maybe a wedding." Co-star Gemma Collins, who was snapped soaking up the rays in a black bikini during last year's trip, said the group are "all up for it". "We've been begging for a summer special in Marbella for a while," she said.

Could abolishing tax havens solve Africa's financing needs?

 

The past month, the spotlight has been on James Ibori, the governor of Nigeria's Delta state from 1999 to 2007, who pleaded guilty at in a London court to 10 counts relating to conspiracy to launder funds from the state he governed. Ibori was accused of siphoning off an estimated $250m and laundering it in London through a number of offshore companies and financial intermediaries to fund his extravagant lifestyle of lavish mansions, expensive cars and private jets. This mode of illicit capital flight is by no means restricted to one rogue Nigerian governor or even African leaders at large, nor is it the most important means by which capital leaves the continent (and developing countries generally) illicitly. True, $250m from one source is substantial. But this pales into insignificance compared with the estimated $100bn that left Nigeria illicitly between 1970 and 2008, according to Global Financial Integrity (GFI). The bulk of this haemorrhage, contrary to popular belief, is not through the laundering of corrupt money but through commercial activities, and particularly through multinational corporations. According to GFI's conservative estimates, more than $1.8 trillion left African shores illicitly between 1970 and 2008. Of this, only 3% is attributable to bribery and theft by government officials, 30%-35% results from the laundering of criminally acquired wealth (drugs, illegal arms sales, human trafficking, etc), and the bulk – 65%-70% – is from commercial activities, especially through trade mis-pricing of goods. Over the last 10 years, the average annual outflows of this sort exceeded $50bn. This compares with annual aid inflows of less than $30bn. The outflows are largely to avoid or evade tax and to conceal wealth. This week's proposed change by the chancellor, George Osborne, on how foreign subsidiaries of multinationals based in the UK are taxed, will give even less incentive to keep money in poorer countries. Reform of these controlled foreign company rules in the upcoming budget would strengthen the financial case for shifting money to tax havens by making profits made by multinationals abroad and retained in offshore jurisdictions free from UK tax. This could cost developing countries £4bn a year in lost tax revenue, according to ActionAid estimates. These outflows undermine the rule of law, stifle trade and worsen macroeconomic conditions. They are facilitated by around 60 tax havens and secrecy jurisdictions that enable the creating and operating of millions of disguised corporations, shell companies, anonymous trust accounts and fake charitable foundations. They allow the likes of Ibori and many multinational corporations to cripple Africa financially and politically. Given that about 50% of global trade passes through tax havens, these jurisdictions facilitate trade mis-pricing by making it difficult for documentation to be traced. Transnational companies have the ability to set up multiple trusts and shell companies in these jurisdictions. This is significant because about 60% of global trade takes place between and within multinational companies. Secrecy also attracts criminal activity, and the laundering of corrupt money through concealment of the natural beneficiaries behind shell companies and trusts. Africa is experiencing economic growth, and for the increasing wealth to be channelled to public services, development and the achievement of the millennium development goals by 2015, it is urgent the problem of tax havens as a conduit for illicit outflows is addressed. The high-level panel set up by the African Union, the African Development Bank and the UN Economic Commission for Africa, and chaired by former South African president Thabo Mbeki, is a significant step forward – and testifies to the importance of this issue for Africa's development. The ball is now in the court of the rich countries.

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Spain's Unicaja, Caja Espana savings banks merge


Spanish regional savings banks Unicaja and Caja Espana have merged following the government's recent requirement that banks raise substantially their provisions set aside to cover toxic real estate exposure. The merger, in which Banco Caja Espana-Duero (Banco Ceiss) is effectively absorbed into Unicaja Banco, creates a group with approximately (EURO)80 billion ($104.9 billion) in total assets and a turnover of (EURO)120 billion ($157.4 billion), according to a joint statement released late Friday. The deal must first receive Finance Ministry and central bank approval and would require (EURO)850 million ($1114.86 million) of state aid, which is added to (EURO)525 million ($688.59 million) already injected into Caja Espana in 2010 by the Bank of Spain's restructuring fund (FROB).

German taxpayer would be obliged to subsidise the wages of Lionel Messi and Cristiano Ronaldo.

 

When faced with the prospect of the Spanish government waiving the collective €752m debt the nation's football clubs owe to the country's tax authorities, the reaction in Europe last week was one of outrage. The German tabloid Bild even asked how long the German taxpayer would be obliged to subsidise the wages of Lionel Messi and Cristiano Ronaldo. What they meant was that while the European Union members bailed out the Spanish economy, successful Spanish clubs were failing to meet their own tax obligations. Strictly speaking, Real Madrid have no tax debt among the €170m debt that the club carry, but Barcelona owe €48m of their overall €364m debt to the Spanish taxman. Uli Hoeness, the outspoken president of Bayern Munich, got to the point rather more quickly when asked about the proposal to excuse Spanish clubs their tax debt. "This is unthinkable," he said. "We pay them hundreds of millions to get them out the shit and then the clubs don't pay their debts." It is a uniquely modern European dilemma, encompassing EU bail-out funds and the competitiveness of the continent's respective leading clubs, all of which ultimately adds another fiendishly complex element to the concept of Financial Fair Play, as proposed by Uefa president Michel Platini. It is further proof that while Spanish football is undoubtedly top dog in Europe, with five teams in the quarter-finals of the two Uefa competitions, it is not without problems. As The Independent's Pete Jenson reported in these pages on Saturday, a government report in Spain last week disclosed that the equivalent of £625m is owed by Spanish clubs to the country's public purse, with £353m of that due from 14 of the 20 clubs in the top division. This is not money owed to banks, investors or owners. It is owed to the Spanish people. On a sporting level it is "financial doping" at its very worse. On a social level it is nothing short of a disgrace in a country where youth unemployment currently runs at 50 per cent. Not all top Spanish clubs are culpable and it was reassuring to read in the breakdown of club debt by AS newspaper that Athletic Bilbao, the team of largely home-grown Basque stars who left English football spellbound with their schooling of Manchester United last week, do not owe the taxman a cent. So too Real Sociedad, Getafe, Villarreal and Sporting Gijon. On the other hand, Atletico Madrid, currently eighth in La Liga and drawn against Hannover 96 in the quarter-finals of the Europa League, owe the Spanish public purse €155m (£128m), more than any other club. The money from the €50m sale of Sergio Aguero to Manchester City last summer went straight to the tax authorities. Valencia, who play AZ Alkmaar in the same stage of the competition, owe €6m in unpaid tax. When Hoeness expressed German football's bitterness that their government is, indirectly, subsidising the success of Spanish clubs it is the likes of Hannover he was talking about. Atletico's big signing was Falcao from Porto last summer, a £33m signing financed by third-party ownership deals. Hannover bought Mame Biram Diouf from Manchester United. Enough said. No one would pretend that British football is the perfect financial model, especially given Rangers' and Portsmouth's debts to HMRC. Even the Germans have had their problems with Borussia Dortmund and Schalke. But unpaid taxes at a time when public services are being cut and jobs lost are particularly repugnant. Real Betis, Real Zaragoza, Racing Santander, Levante and Mallorca (denied a place in last season's Europa League because of their finances) owe a total of €118m to the Spanish tax authorities between them. There are also suggestions that unpaid social security contributions by some Spanish clubs rival those eye-watering figures for unpaid tax. In the past, Spanish football has been protected by the assumption that punishing badly-run clubs would cause such a backlash against government by voters that it would not be politically expedient. There is no points penalty in Spain for going into the equivalent of financial administration as there is in England. But attitudes are changing. The governing political group Partido Popular has described the situation as "intolerable". The government was forced to disclose the figures of unpaid tax because of an official request by Caridad Garcia of the Izquierda Unida (IU) party. A spokesman for IU, José Luis Centella, made the connection last week between the financial hardship felt by the Spanish people and the clubs' failure to pay. "This is bad news for all the people who have lost homes and suffered from the cutbacks while there is this tremendous generosity towards football." Wisely, the Spanish sports minister Miguel Cardenal announced last week that the government had dropped any consideration of giving football clubs a clean slate on their tax debts. There has even been a call from the centre-left party PSOE to ban clubs with tax debts from competing in the league, a rule that, already in place in Italian football, would change the face of La Liga overnight. Were the Spanish tax authorities to call in their debts tomorrow, Barcelona would surely be able to find, or borrow, the €48m they owe. Atletico, on the other hand, would find themselves in the kind of dire situation currently enveloping Rangers. There is a lesson for English football that in the risky game of investment and borrowing that most clubs enter as they attempt to fulfil the ambitions of supporters and owners, there are certain obligations that are non-negotiable. Football clubs command such loyalty and affection that they are too often cut slack, but, as the situation in Spain is starting to show, there is always a limit. Ridicule of Richards the last straw Down the years, Sir Dave Richards has given every appearance of being invulnerable to criticism or error of judgement. He has survived adversaries in the Football Association such as Lord Triesman and Ian Watmore in recent years. The financial problems of Sheffield Wednesday, where he was chairman, do not seem to have had an impact on his reputation. He walked out on the 2018 World Cup bid in a huff and it all blew over. Which makes it all the more incredible that an ornamental fountain, and a slightly unhinged but largely irrelevant speech on football, should prove his undoing. It just goes to shows that a divisive figure in football administration can survive a great deal but once their mistakes start to make people laugh – it's over. Will City seize their chance to get Mourinho? When Manchester City meet Chelsea on Wednesday, the shadow of one man falls over both clubs. Jose Mourinho is the last card that the most ambitious football club owners can play. If all else fails, then give Mourinho the job and if that does not bring success then you really are out of options. In Spain, the mood is that Mourinho may stay at Real Madrid in the penultimate year of his contract next season or he may go back to England if the right job presents itself. Is that Chelsea or could it be City? If Roberto Mancini fails to win the title this season and Mourinho is willing to come then it places an idea in the heads of City's owners. It is not as if he is available every summer.

18/03/2012

S SPAIN THE NEXT GREECE? NATION SINKS FURTHER INTO MIRE

Savage cuts to the Greek health service have seen the country's HIV and Tuberculosis rates soar - sparking fears it is becoming a third world nation.

Aid agencies said the cutting of hospital budgets by an astonishing 40 per cent had also led to a sharp rise in the number of citizens being diagnosed with Malaria.

In the south, they said, it is reaching near endemic levels not seen since 1970s.

The scrapping of needle exchange services has seen the number of HIV and Aids sufferers in central Athens rise by 1,250 per cent in 2011 alone.

There are more prostitutes on the streets selling their bodies to make ends meet, while heroin addicts are finding it harder to come by anti-retroviral treatments.

There is also the first instances ever of the two illnesses being transmitted between mother and child - something usually equated with sub-Saharan Africa and not Europe.

Médecins sans Frontières Greece's Reveka Papadopoulos said the health service cuts, which saw widespread job losses, were putting social services 'under very severe strain'.

She added: 'If not in a state of breakdown. What we are seeing are very clear indicators of a system that cannot cope'. She said the 40 per cent cuts were on top of a 24 per cent increase in 2011 in demand for medical services.

This, she said, was 'largely because people could simply no longer afford private healthcare. The entire system is deteriorating'.

On the rise: The number of HIV and Aids sufferers in Greece is soaring

On the rise: The number of HIV and Aids sufferers in Greece is soaring

 

She added: 'There has also been a sharp increase in cases of tuberculosis in the immigrant population.

'Cases of Nile fever - leading to 35 deaths in 2010 - and the reappearance of endemic malaria in several parts of Greece.

 

 

 

'The simple fact of the reappearance of malaria, with 100-odd cases in southern Greece last year and 20 to 30 more elsewhere, shows barriers to healthcare access have risen.

'Malaria is treatable, it shouldn't spread if the system is working.'

Good news: Greece is set to receive the next tranche of bailout cash next week

Good news: Greece is set to receive the next tranche of eurozone bailout cash next week

The news comes as it was revealed Greece will get €5.9billion in new bailout money on Monday. It is the first slice of a new rescue package meant to keep the country afloat while it overhauls its economy.

Greece stands to receive a total of €172.7 billion from its partners in the 17-nation eurozone and the International Monetary Fund until 2016.

IS SPAIN THE NEXT GREECE? NATION SINKS FURTHER INTO MIRE

Spain now owes more money than it has done in the last 20 years, the Bank of Spain said.

For 2011 the country's public debt was 68.5 percent of gross domestic product, up from 61.2 per cent in 2010.

While it is a relatively low ratio, compared with its 16 eurozone peers who have an average 87.7 per cent, it has almost doubled from 36.3 per cent in 2007.

This is because there is a lack of economic impetus since the credit-and-construction bubble burst in 2008.

Spain has been ordered by the European Commission to cut its budget shortfall from 8.5 per cent of GDP in 2011 to 5.3 per cent this year and 3 per cent in 2013.

It has forced Prime Minister Mariano Rajoy to hunt for savings worth around €60billion.

This year's target is a compromise after Rajoy defied Brussels by ditching a much tighter goal of 4.4 per cent of GDP agreed by the previous government.     

But the task will be made tougher as the economy is thought to already be in its second recession in three years, with the government expecting output to shrink 1.7 per cent in 2012.

The cuts has led to the closure of 27 publicly run companies, some of which were duplicates - such as a water company.

Others included a loss-making entity tasked with stimulating Spain's small housing rental market and one created to back the Barcelona Olympics in 1992.    

The central bank also said Spain's 17 autonomous regions, blamed for the lion's share of the fiscal slippage last year, ran debt up by 17.3 per cent in 2011 to €140billion.

The data showed the country's wealthiest region of Catalonia, was the most indebted, closely followed by Valencia.  Both had debt-to-GDP ratios of around 20 per cent compared to an average of 13.1 per cent.    

Tighter controls over regional budgets imposed by the central government aim to bring their spending back under control this year, even if analysts retain doubts over their future compliance and banks' balance sheets.    

The sum includes money left over from the country's first rescue package and a new €130billion programme.

The disbursement was approved earlier this week, said Matthias Mors, the European Commission representative to the troika - the debt inspectors from the European Union, the European Central Bank and the IMF who are managing the Greek bailout.

The bailout, on its own, will not be enough to ease the country's financial woes.

An EU report released today said Greece must make a sustained effort to attract future investment and support export-led growth as it seeks to recover from a recession that is now in its fifth year.

But the report, prepared by the European Commission and the ECB, also said a bond swap deal with private creditors has made the country's debt load far more sustainable in the long-term.

The news has had a positive effect on European financial markets.

The FTSE 100 is today 0.45 per cent up at 5,967.43; France's CAC 40 is 0.54 per cent up at 3,599.37; and Germany's DAX is 0.33 per cent up at 7,168.37.

The report projects that, assuming interim targets are met, Greece's debt-to-GDP ratio will decline to below 117 per cent in 2020 and to below 90 per cent in 2030.

It was as high as 160 per cent of GDP before the debt relief deal was agreed with private creditors.

While progress has been made in reforming the economy, significant concerns remain, including inflation, a lack of credit available to households and business, and the need to regain competitiveness by reducing labor costs, Mors said.

'One of the priorities of this second program is the recapitalization of banks,' Mors said.

For one thing, bank deposits have fallen, he said. For another, the agreement to write down private debt 'will leave holes in the balance sheets of banks, because they held government bonds,' he added.

He said the new program includes €50 billion for bank recapitalisation. 'This is an enormous amount,' he said. Mors also warned that significant more belt-tightening lies ahead.

'The target for this year is a primary deficit of 1 per cent,' he said, referring to the budget balance before interest payments. 

'And the programme target for 2014 is a surplus of 4.5 per cent. And therefore people have to be aware that, in terms of fiscal adjustment, there's still a long way to go.' He said the Greek government will have to identify before this summer how it plans to close that gap.




Premier League footballer Fabrice Muamba is in intensive care after collapsing during an FA Cup tie.

 

 The 23-year-old was said to be critically ill in the London Chest Hospital after falling to the ground at White Hart Lane in front of millions of television viewers watching the sixth round tie between Tottenham Hotspur and his club, Bolton Wanderers. Outside the hospital, the club's manager Owen Coyle said the following 24 hours were "absolutely crucial" and urged people to pray for the player's recovery. A Bolton spokesman said: "Bolton Wanderers can confirm that Fabrice Muamba has been admitted to the heart attack centre at London Chest Hospital where he is currently in a critically ill condition in intensive care. No further information will be issued at this stage. The club has requested the media to respect his family's privacy at this time." A packed White Hart Lane looked on with a worldwide audience watching live coverage on ESPN as the Trotters midfielder suddenly fell to the floor. Confusion turned to horror as medics sprinted on to the pitch to begin resuscitating the young man. Players looked shocked and watched in disbelief as the former England Under 21 star was treated with a defibrillator for several minutes before being stretchered off wearing an oxygen mask and taken to hospital. World Cup referee Howard Webb abandoned the game. As the message was relayed around the stadium with the score at 1-1, the fans applauded and chanted Muamba's name. Premier League chief executive Richard Scudamore said: "The thoughts of the Premier League, its clubs and players are with Fabrice Muamba, his family and Bolton Wanderers. We would like to praise the players, match officials, coaching staff and medical teams of both clubs at White Hart Lane for their swift actions in attending Fabrice. "The league would also like to commend the compassion shown by the fans of Bolton Wanderers and Tottenham Hotspur. We hope to hear positive news about Fabrice who is and has been a wonderful ambassador for the English game and the league at Arsenal, Birmingham City and Bolton Wanderers." Manchester United star Rio Ferdinand wrote on Twitter: "Come on Fabrice Muamba, praying for you." England striker Wayne Rooney wrote: "Hope fabrice muamba is ok. Praying for him and his family. Still in shock." Muamba's team-mate Stuart Holden, added: "Still praying for Fab, the guy is a fighter on and off the field. We love you bro."

17/03/2012

Shisha cafes should have prominent notices saying, “Smoking shisha can kill” - just like you would on a cigarette packet

 puffing on a Turkish waterpipe is the latest trend to hit British bars and cafes.

The flavoured tobacco, which is smoked via a long pipe connected to a vessel filled with water, is particularly fashionable among young people, with the number of specialist bars rising 210 per cent since 2007.

But the World Health Organisation has warned that a one-hour shisha session can be as harmful as smoking 100 cigarettes.

Trend: Zaky Ali ,40, owner of Marhaba Cafe in Birmingham

Trend: Zaky Ali ,40, owner of Marhaba Cafe in Birmingham, with a hookah pipe for smoking shisha, which is becoming more popular among the young. But experts warn it can do more damage than cigarettes because users take more puffs of smoke

This is because a cigarette smoker typically takes between eight and 12 puffs, inhaling 0.5 to 0.6 litres of smoke.

But during hour-long shisha sessions smokers may take up to 200 drags, ranging from 0.15 to 1 litre of smoke each. 

 

 

 

‘Shisha smoking is a growing concern because people aren’t aware of the risks like they are with cigarette smoking,’ says Professor Robert West, director of tobacco studies at University College London.

‘The greater the exposure in terms of duration and amount smoked, the greater the risk to your health’

That’s because although shisha tobacco tastes nicer than cigarettes, it contains all the same toxicants known to cause lung cancer and heart disease.

Cigarette

Risk: Smokers typically take in 12 puffs on a cigarette compared to up to 200 for hookah pipes

Among the risks are heart disease, respiratory problems, lung and mouth cancer and problems during pregnancy.

‘Smoke from tobacco contains a number of carcinogens which damage the DNA in cells,’ explains Professor West. ‘Just one damaged cell can divide and multiply uncontrollably and quite quickly develop into a large tumour. This is what causes lung cancer,’ explains Professor West

Enthusiasts claim that as the smoke passes through water most of the harmful chemicals are absorbed, however there is no evidence to support this.

‘If people think it’s safer than cigarettes, when it’s not, they need to be informed otherwise,’ said Professor West.

There are other risks. As the mouthpiece is passed around from person to person, this raises the risk of transmitting diseases such as tuberculosis and hepatitis.

The waterpipe has been used to smoke tobacco for centuries, primarily in Africa, Asia and the Middle East.

A rise in travel to countries such as Egypt and Turkey has seen the pipe transported to the UK.

The waterpipe is heavily sold as a souvenir, and is popular with tourists who like to take it back home as a gift or decorative object.

The waterpipe can also be purchased in various shops in London for as little as £20, with shisha tobacco costing £5-£10.

The tobacco is burned with charcoal in a bowl that sits above the vessel.

The smoke it produces passes through the water in the container and goes down the pipe so the user can sit by the vessel and an inhale it with their mouth. 

Middle Eastern inspired: A shisha user in Iraq, the pipe's traditional home

Middle Eastern inspired: A shisha user in Iraq, the pipe's traditional home

The smoke is cooled by the water and makes it feel less ‘harsh’ - and experts warn that as a result people inhale it more deeply into their lungs, which increases the risks even further.

Shisha tobacco is flavoured with fruit molasses such as apple and strawberry, so the residual redolent smoke is sweet.

Because it doesn’t taste like a cigarette, people often think of it as being safer or better. Many young people who don’t usually smoke are attracted to this seemingly harmless activity.

It’s also a cheaper option than buying a round at the pub. One shisha usually costs between £7-£20, and is often shared by two or three people throughout an evening.

In the borough of Westminster, London, the number of shisha cafes have gone up approximately by 68 per cent since 2007.

The smoking ban hasn’t stopped this trend from growing. Restaurant and café owners offering shisha have been able to flout the ban by creating garden terraces or patio seating outdoors.

But as the weather gets warmer, and shisha becomes more and more fashionable, experts are calling for better health warnings.

Professor West suggests: ‘Shisha cafes should have prominent notices saying, “Smoking shisha can kill” - just like you would on a cigarette packet.’



Having a cocaine binge at the weekend followed by three or four diazepam to get to sleep on Sunday messes up the brain's chemistry

 

Having a cocaine binge at the weekend followed by three or four diazepam to get to sleep on Sunday messes up the brain's chemistry, a consultant psychiatrist says.Many people who use drugs recreationally also take prescription medicines such as tranquillisers, sleeping pills and painkillers to deal with the effects of a weekend high and get back to work on Monday, new research reveals. An international survey carried out by the Guardian and Mixmag magazine found that about a third of the 7,700 people from the UK who revealed their illegal drug use also took prescription sleeping pills – 22.4% had taken benzodiazepines such as temazepam in the last year and 7.2% had taken the newer "z-drugs" – zopiclone and zolpidem. Those taking part in the survey were predominantly well-educated working people who felt they were in control of their lives. But Dr Richard Bowskill, consultant psychiatrist and medical director of the Priory rehabilitation centre in Brighton, said he saw the fallout years later from this pattern of illegal and prescription drug-taking among "highly functioning" clients. "People think they are being their own pharmacist. They have a major binge of cocaine over the weekend and three or four diazepam to get to sleep on Sunday night. They think they understand what it is doing to their body and they think they are in control, but their brain chemistry is getting messed up," he said. "They know the effects of the drug. It's often being used following cocaine to self-medicate for the downswing and it causes chaos. It's a really common scenario. Then they can't get to sleep on Monday and they take some more sleeping tablets." While recreational drug users think prescription medicines are safe, because GPs hand them out and the tablets are what they purport to be, benzodiazepines and opioid painkillers are highly addictive if taken regularly for any length of time. Anna, who had a high-pressured job requiring her to make frequent long-haul flights, was not a recreational drug taker but started taking zopiclone to help her sleep on the plane or when she arrived in a different time zone and needed to be fresh for work in the morning. "Your body gets accustomed to the drugs. I didn't really understand their addictive nature," she said. "They weren't having an effect so I was having to up the dosage." She ended up taking five tablets at a time, but they just made her more anxious, irritable and sleepless. "I lost a lot of friends." She talked of the societal "pressure to perform" and her regret that there was so little help. GPs did not want to know, she said. With the help of the Council for Information on Tranquillisers, Antidepressants and Painkillers (CITA), a support group, she had been switched to a different drug and was slowly cutting down. Against expectations, most people in the Guardian/Mixmag survey did not get their prescription drugs from the internet, but from their own GP or a friend who had been prescribed them. GPs were in a bind, said Dr Peter Swinyard, national chairman of the Family Doctor Association. When people arrived in the surgery complaining of pain or insomnia "we are predisposed to believe what people tell us", he said. "We always work from the premise that they are being honest with us." Nonetheless, a survey the association did last summer showed that 52% of GPs were worried about prescription drug abuse in their area. Eight out of 10 of the 197 GPs who responded to the survey said they were aware of prescribing to people who they thought were addicted. Half were aware of occasions when prescriptions had been sold on. "People tell us they lose their prescription or it got eaten by the dog. A lot of general practices have systems like a book at reception recording those who say they have lost their prescription," Swinyard said. But there are people who GPs would not characterise as liars or cheats. "There is the traditional little old lady who is taking her sleeping pill prescription and selling it down the pub. I'm sure there is a cohort of elderly people supplementing their pension by selling their prescription drugs," he said. Although the Guardian/Mixmag survey responders mostly said they used sleeping tablets for sleep and painkillers for pain, they had often tried them to get high – 57.8% in the case of the anti-hyperactivity drug Ritalin, nearly 40% in the case of the benzos and 28% who had taken opioid painkillers. In the US, prescription opioids have caused a huge problem since oxycodone – better known by its brand name OxyContin – was licensed for use outside cancer treatment in the mid-1990s. In 2008, 15,000 Americans died from overdosing on prescription opiates, according to the Centres for Disease Control (CDC), which is more than on heroin and cocaine combined. The opioid epidemic appears not to have hit the UK. "There has been a rise in oxycodone deaths, but it is pretty small," said James Bell, addiction consultant at the South London and Maudsley NHS trust. "I have been trying to look for evidence here and it is not a big problem." Demand was fuelled in the US by direct advertising to the public. In the UK this is not allowed and most people are registered with a single NHS GP so cannot shop around. The Guardian/Mixmag study, which was conducted by Global Drug Survey, shows that a quarter of responders had taken prescription opioid painkillers and 9% had taken other painkillers. More than three-quarters said they took them for pain relief, 24% said they took them to get to sleep and 18% said they took them for mood-changing purposes.

Police plans to fire rubber bullets in London

 

Scotland Yard authorised the deployment of rubber bullets ready for use on the streets of London 22 times in the past two years, The Independent can reveal. The figure suggests the Metropolitan Police had considered ordering its officers to open fire during public disorder incidents far more frequently than previously thought. The Yard yesterday refused to say on what dates and during which situations it ordered some of the nearly 3,000 baton rounds it possesses to be distributed to firearms teams. It said the release of such information could endanger future policing operations. The revelation that the Met authorised the distribution of the non-lethal rounds on average almost once a month in 2010 and 2011 follows the disclosure earlier this week that senior officers wanted to fire rubber bullets at rioters in south London last summer – but firearms specialists could not reach the trouble spots in time. The Met has now promised to make "more agile use" of the weapons. Although they have been used in Northern Ireland for many years, baton rounds have never been fired on the British mainland. Even in the extreme circumstances of last August's riots their use would have been seen as a significant escalation in police tactics and a move away from Britain's consensual policing model. The figures, obtained by the Liberal Democrat peer Dee Doocey, are an indication of an increasingly muscular response to what police believe is the increased threat to officers and the public from gangs or individuals bent on violent disorder. But campaigners argue that the use of non-lethal firearms in crowd control has no place in policing on the British mainland. The Yard was criticised last year when it released a statement saying that baton rounds – referred to by police as attenuating energy projectiles (AEPs) – might be deployed if extreme disorder occurred during a protest in London against tuition fees. In a written answer to a question last month from Baroness Doocey, the London Mayor, Boris Johnson, confirmed on behalf of the Met Commissioner, Bernard Hogan-Howe, that the force had "authorised the movement" of rubber bullets 22 times in 2010 and 2011. But he said details of the incidents would only be given under conditions of secrecy because, if made public, they could compromise future operations. Lady Doocey, a member of the Greater London Authority and the Metropolitan Police Authority until it was replaced with a new body in January, said the disclosure of the precise dates was in the public interest. She told The Independent: "I have long believed rubber bullets have no role in policing demonstrations in London. This secrecy over their potential use merely confirms that view. It is simply wrong for the Met to be silent when on so many occasions the use of rubber bullets was being considered." Rubber bullets are designed to offer a non-lethal alternative to conventional firearms and police argue modern AEPs pose less threat of serious injury. Between 2006 and October 2011, the Met Police bought 2,700 AEP rounds. It said it could not produce figures for baton round deployments in previous years, adding that it followed strict guidelines designed to protect life and prevent serious injury. Opinion about rubber bullets remains divided within police ranks. A Met Police review of last summer's riots revealed officers dealing with violence in Enfield and Brixton decided against deploying the weapons because they believed it would escalate the confrontation. During the rioting, Sir Hugh Orde, president of the Association of Chief Police Officers, said he did not consider the deployment of rubber bullets in London to be sensible in "any way, shape or form".

16/03/2012

Spain Approves Canary Islands Oil Exploration


The Spanish government approved Friday a controversial permit to explore for oil offshore the Canary Islands, in an area that could become by far the largest source of oil production in a country heavily dependent on crude imports. Approval of an exploration license marks the latest move in Spain's shift away from a policy of subsidy-dependent renewable energy projects as it seeks ways to improve its trade balance and steady its budget, but will likely face opposition from environmentalists and local government officials concerned about the threat of damage to the island's tourist-friendly, white-sand beaches.

Spain's public debt soars to record high


Spain's public debt soared to a record high at the end of 2011, Bank of Spain figures showed Friday, as Madrid struggled to slash costs and escape the eurozone debt crisis. Public debt amounted to 734.96 billion euros ($960 billion), equal to 68.5 percent of annual economic output at the end of 2011 -- up from 66 percent three months earlier and 61.2 percent at the end of 2010. The accumulated debts breached the European-Union agreed limit of 60 percent of gross domestic product (GDP) but was still below the eurozone average, which approached 90 percent in the third quarter last year. It was the highest public debt ratio recorded in Spain since statistics in the current format were first published in 1995. Spain's public debt is rising fast because of runaway annual public deficits that have shot past EU-agreed targets, in part owing to high spending by regional governments. The previous Socialist government, ousted by the conservative Popular Party in November elections, had forecast a debt of 67.2 of GDP for the end of 2011, aiming to curb it to less than 70 percent in 2014. But the European statistics unit Eurostat was not so optimistic. It forecast a public debt of 69.6 percent in 2011, 73.8 percent in 2012 and 78 percent in 2013. Spain's conservative government, which took power in December, has yet to announce a new public debt target. The public debt ratio has grown without interruption since the first quarter of 2008 when, after nearly a decade of fast growth and budget surpluses, which trimmed the debt, it amounted to 35.8 percent of GDP. The situation in the 17 regions is particularly worrying: at the end of 2011 their accumulated debt rose to 140.1 billion euros, or a record 13.1 percent of national GDP, from 11.4 percent a year earlier. Municipal debts, however, eased over the year to 35.4 billion euros or 3.3 percent of GDP. Regional governments enjoy a high level of autonomy, prompting concerns in financial markets that their spending could compromise the central government's deficit-cutting goals. Spain had agreed to cut its annual public deficit to 6.0 percent of GDP in 2011 but it overran that target by a wide margin and ended up reporting a deficit of 8.51 percent of GDP. After winning a slight relaxation from Brussels in its goals for this year, Spain is now aiming for an annual deficit of 5.3 percent in 2012 and 3.0 percent in 2013. But the regions are not entirely to blame. The central government's finances also deteriorated in 2011, as its public debt rose to 52.1 percent of GDP at the end of the year from 46.4 percent a year earlier.

Cadíz second bridge delayed until at least 2013


The Ministry for Development has announced a delay in the opening of the second road bridge into Cádiz which will now not be open to traffic until 2013. Minister, Ana Pastor, said that not with all the money in the world could a 2012 opening be achieved. 2012 was the target date so that it coincided with the bicentenary of the 1812 Spanish Constitution which was signed in the city on March 19 1812. The General Courts of Spain were transferred there while in refuge from the Peninsular War. The Minister added, ‘It will take at least another 15 months, and that only if there is no wind’. The Ministry of Development says the suspension bridge is now 75% complete, but a fundamental part of the project, linking to the 13 pivot bases which are already showing in the middle of the Cádiz Bay is still to be done. The bridge is the largest road infrastructure project in Spain and has a cost of about 300 million € and will link Cádiz with Puerto Real. It will be known as the Puente de la Constitución de 1812, and not the ‘Puente de la Pepa’ which was the name given by the previous Minister, Magdalena Álvarez.

Place your bets on Euro Vegas

IT MAY just be the single largest contrarian bet in the euro zone. Sheldon Adelson, a casino tycoon, is expected soon to choose between Madrid and Barcelona for a €16 billion ($21 billion) gambling resort. The euro-zone turmoil does not faze him: “It will take us four to five years,” he told Forbes magazine. “By then everything will be solved.” Mr Adelson’s Las Vegas Sands (LVS) hopes to create a “Euro Vegas”, capable of attracting the 1 billion people who live in the 50 countries within a five-hour flight from Spain. He chose the country because of the weather and because its unemployment rate, now at 23%, “assures us the support of the government”. The numbers are certainly eye-popping. LVS would invest €6 billion in a first phase to build four hotel strips—eventually reaching 12—as well as casinos, shops, restaurants, golf courses and convention centres. LVS says the project could create 260,000 indirect and direct jobs, enough for nearly half the unemployed in Madrid. Spain is already the fourth-largest holiday destination in the world, but LVS reckons Euro Vegas would attract 11m new tourists on top of the 57m a year Spain already gets, increasing tourism spending by €15.5 billion over the next ten to 15 years. In this section News of the world Good for you, not for shareholders Zimplats happens Watch this space »Place your bets on Euro Vegas Luxury on the cheap Nazis in space The view from Liverpool Reprints Related topics Gambling Barcelona Madrid Spain Madrid and Barcelona, used to battling it out on the football pitch, have won a promise of neutrality from the central government. Barcelona admits that Madrid has the edge so far, since it has been talking to Mr Adelson on and off since 2007. But Barcelona has not given up. Mr Adelson recently visited a beach-front site near the city’s El Prat airport, which like Madrid’s Barajas has plenty of spare capacity. National and local leaders are keen on the project but opponents are sceptical of LVS’s claims about job creation, and worry that the casino will become a “fiscal and legal paradise” of tax breaks and exemptions from labour laws—a charge which regional officials deny. However, LVS is thought to be seeking a relaxation of Spain’s ban on smoking in public places, and lower gambling levies. Whichever city won would also have to bear the cost of such things as transport links to the resort. Given Spain’s precarious public finances, and considering that, as Mr Adelson puts it, there are “tens of billions to be made” from the resort, the authorities ought to resist any temptation to splash out taxpayers’ money to win the deal. They will have to assuage public fears of encouraging gambling addiction, infiltration by organised crime and the environmental impact of such a giant construction project. As in Singapore, where LVS recently opened a big casino resort, Spanish officials play down gambling as a small part of the overall package. Another worry is that the project will not happen at all. Spain has had its share of unrealised property developments. A €17 billion casino complex in the desert of Aragon, proposed in 2007, remains unbuilt. But LVS has withstood the global downturn pretty well, and the success of its Macao and Singapore operations gives it plenty of financial firepower. LVS boasts that its Marina Bay Sands development has “moved the needle” in Singapore, with record tourism figures one year after its opening. Euro Vegas would be much larger. A casino resort may lack the prestige of, say, a technology cluster, but Spain will have to take a few gambles to get its soaring unemployment under control.

15/03/2012

55 security guards arrested with fake qualifications

 

55 false security guards working in sensitive positions have been arrested in Madrid, Toledo, Cuenca and Badajoz. The National Police arrested the 55 who have all be established to have been working fraudulently, and some with jobs looking after explosives or acting as bodyguards. A statement from the National Police said those arrested lacked the necessary preparation for the work and were employed because of falsified qualifications. Some of them have a previous criminal record.

The Spanish Government is to increase the tax on diesel vehicles

 

The Spanish Government has revealed that it wants to increase the tax on diesel vehicles because they ‘contaminate more’. The change will be a modification on the vehicle matriculation tax. The Secretary of State for the Environment, Federico Ramos, gave the news after meeting with the environment experts and said that in principle the regional administrations are in agreement. The local City and Town Halls say they now want to first analyse the financial consequences for them. Diesel vehicles not only pollute with CO2 but also emit Nitrogen Dioxide, and particles in suspension.

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The ex Mayor of Alcaucín in Málaga, José Manuel Martin Alba, who was arrested for a second time with seven other people


The ex Mayor of Alcaucín in Málaga, José Manuel Martin Alba, who was arrested for a second time with seven other people on Tuesday in the ‘Tristan case’, which comes from the ‘Arcos operation’, made a statement on Wednesday to the investigators of the UCO central operations unit of the Guardia Civil. La Opinión de Málaga reports that he denied knowing the land registry civil servants that he allegedly manipulated with false data to obtain the classification of building land. These plots were often purchased by foreign investors with the idea of building on them. However, the Guardia Civil has said that the land was not buildable and therefore a crime of fraud had taken place, and this part of the investigation is still under reporting restrictions. The declarations continue from the arrested civil servants from the land registry, some in payments, others in Hacienda, as well as three management auxiliaries. The Guardia Civil says that the civil servants, ‘coordinated by a lawyer, modified the data base of the land registry with the end of introducing the false information to give legal coverage to the construction of homes on non-buildable land. The Guardia Civil contends that in exchange they received illegal commissions. Rafael Yus from the Nature Studies Group GENA said that he was not surprised by the ex-Mayor’s new arrest. He said the modification to the land registry was ‘part of what they do here’ and claimed it was ‘a corruption which extends to other municipalities, but which it difficult to demonstrate’.

Card firm in breast implant refund

 

A Midlands woman who was given PIP breast implants that ruptured has recouped the full cost of the surgery from her credit card company. She said Lloyds TSB refunded her £3,700 on the grounds that she was sold faulty goods. The British Association of Aesthetic Plastic Surgeons (BAAPS) said the move should offer a "ray of hope" to other patients with PIP implants. The woman, a hairdresser in her 40s from the Midlands who does not want to be identified, underwent a breast enlargement operation in 2008. She discovered she had been given PIP implants last September when she found a lump and went to a breast cancer clinic. "I was quite worried, but I was told it was just a rupture of my implants. It was only later I realised there was a health risk. I was really quite poorly with it," she said. The woman had the implants removed on the NHS in October, and contacted a firm of solicitors to see if she could get her money back. Because the company that performed the surgery had gone into administration, she was advised to check if she paid by credit card. Having discovered that she did use plastic to pay for the procedure, she applied to Lloyds TSB for a refund and received the money in full three months later. The woman said the credit card company were "wonderful" and stressed that she only had to fill in one form to get the reimbursement. "If I had gone through the solicitors they would have taken a sizeable part of it. Women need to be aware they can easily do it themselves," she said. Fazel Fatah, a consultant plastic surgeon and president of BAAPS, said: "We're delighted that at least a proportion of women who chose this method of payment should now have recourse to securing reimbursement for what are clearly defective, substandard goods." Around 40,000 women in the UK received implants manufactured by the now-closed French company Poly Implant Prostheses (PIP), mostly in private UK clinics. The implants were filled with non-medical grade silicone intended for use in mattresses. Lloyds TSB said it could not comment on the woman's individual case. But a spokeswoman for the bank said: "One of the advantages of using a credit card to pay for goods and services is that consumers can make a Section 75 claim if there has been a misrepresentation or breach of contract, providing the cost is above £100 and less than £30,000. Every Section 75 claim is different and each one will be reviewed on a case-by-case basis."

Families in Spain face eviction over stranger loans

 

Fighting eviction for failing to pay the mortgage on his home in Spain's capital, Nelson Castillo is now grappling not only with his own debts but also those of a family he does not know. The 39-year-old and his wife acted as guarantors of another Ecuadoran family's loan under a programme run by an agency that negotiated loans for immigrants. In return, that family acted as the guarantor for Castillo's loan. Now, both families are in arrears. And each of them is legally responsible for its own loan and for the loan it guaranteed. "We were two families and we did not know each other. Ecuadorans are like that. We had to sign the papers and that's it. Goodbye, and each side went its own way," said Castillo. Dozens of anti-eviction activists had gathered outside his Madrid apartment building on Tuesday to prevent court clerks and bank officials from ejecting Castillo and his family from their home. Inside the apartment a volunteer psychologist tried to comfort Castillo's wife, 40-year-old Kelly Herrera, who sat in distress on the couch while the couple talked to police. The couple were given until March 30 to pay their debt of 222,000 euros ($291,000) claimed by the bank. And they are still liable for the loan given to the other family. "Today they are demanding my loan. But later on they will demand the second," said Castillo. The couple's lawyer Rafael Mayoral had requested that the eviction be blocked for "humanitarian reasons" because their two children are minors and a knee injury prevents Herrera from working at the moment. But above all the lawyer argued that the couple are "victims of a swindle". The couple and nine other families are suing an agency, Central Hipotecaria del Inmigrante, which ran a system of "cross guarantors" for loans among people that did not always know each other. "It was a pyramid scheme of financial risk management," said Mayoral. Despite the investigation under way into the agency, the courts have refused to issue a moratorium on evictions. Last week the government approved a voluntary "code of conduct" for banks that aims to help poor homeowners settle their debts and reduce a wave of evictions brought on by Spain's economic crisis. For families whose members are all out of work and have no other source of income, the code obliges signatory banks to restructure their mortgage debt by for example lengthening the term of the loan or reducing its interest rate. The goal is to reduce the number of evictions in Spain, which amount to about 300,000 since the collapse of a property bubble in 2008. But the new code will not help Castillo and his family. "The bank did not give me any option, I wanted to give them the apartment in exchange for clearing my debt but they were not interested," he said. Castillo, a waiter, said with pride that he "only spent a few months out of work" since he moved to Spain in 1996. In 2006 he and his wife decided to buy an apartment while Spain was still in the midst of a property boom. The couple took out a mortgage with a variable rate that started out with a monthly payment of 900 euros. But as Euribor interest rates rose, their monthly mortgage payment shot up to 1,420 euros. "It became impossible to pay. I earned 1,000 euros a month and my wife also did not earn much. Things became complicated. I tried to reach an agreement with the bank but it was not possible. I stopped paying," said Castillo. Castillo said he did not know if the family which signed as the guarantor of his loan has suffered any consequences because he stopped making his mortgage payments. "I only met them the day we signed the papers," he said.

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Troubled Spain, Portugal now desperate for rain

 

Fernando Luna, a burly Spanish farmer, yanks a barley sprout from a field as dry as powder. He examines its roots, which are mostly dead, then tosses the stunted shoot away in disgust. "Worthless! This is worthless!" Luna shouts. Spain is facing its driest winter in more than 70 years and bailed-out Portugal next door is in similar straits. Thousands of jobs and many millions in agricultural output are in jeopardy. Both nations are desperately short of so much: tax revenues, bank credit, jobs, hope for the future. Now, it won't even rain. The landscape in northern Spain is now a palette in shades of ugly. Pale brown fields without crops or pasture stretch off into the distance. A pond for watering sheep has shriveled into a dustbowl. An irrigation canal down the road holds only stagnant water, murky from so much sediment and so little flow. Luna waves this way and that, distraught over fields he says are doomed to yield zero harvest. He has given up his winter crop for lost. "Imagine, the color of vinegar! They should be green, green, green," he says of the barley fields that lack shoots. Stalks should be reaching halfway up the shin at this point. Spain got less than 30 percent of its normal precipitation from December through February. There is a slim window of 10 days or so for it to rain and help farmers like Luna salvage at least part of their winter crops of wheat, barley and oats. And not all regions are as bad off as Huesca, a northern province where the Pyrenees lie and where Luna is president of a chapter of the ASAJA farmers association. But the March weather forecast is not good for farmers — just more blue skies, says Fermin Elizaga of the national weather service. "Out in the countryside, the situation is probably going to get worse," he says. A key concern is how full Spain's reservoirs will be for watering the lucrative fruit and vegetable crops that are the pride and joy of the country's euro40 billion ($52 billion) agriculture and livestock industry. Nationwide, reservoirs are at an average 62 percent of capacity — not that bad — but in Huesca they are just 20 percent. That means farmers get only 20 percent of the water they are normally allotted for irrigation and will have to leave much of their land idle. ASAJA estimates this will cost Huesca province around euro1.3 billion ($1.7 billion) in lost revenue from drastically smaller harvests of peaches, cherries, almonds and grapes. In a good year, 6,000 people work in the Huesca harvest and another 2,000 in canning, packaging and related services. It could be a lean year for them, as it will be for much of Spain, with its nearly 23 percent jobless rate — the highest in the 17-nation eurozone — and an economy expected to slip into its second recession in three years. In Galicia, Spain's lushly green northwestern corner where it usually rains all the time, pastures have no grass this year. Farmers there and elsewhere are being forced to ship in fodder for sheep and cattle at a cost of euro2 million ($2.6 million) a day, according to ASAJA national spokesman Gregorio Juarez. "They're all burned up," says Juarez. Being so used to plentiful rain, Galicia and other parts of northern Spain have fewer reservoirs, so they are less prepared than the often blazingly hot south, where places like Andalusia and Extremadura on the border with Portugal catch every drop of precious rain. In Huesca, one reservoir built in the 1950s is now so low you can see the ruins of a submerged village, Mediano. At the best of times, the tip of its 16th-century church belltower peeks out of the water and boaters row up and touch it. These days, the water is so low you could walk into the church itself if the front door were not sealed up. In Portugal, Joao Dinis, a spokesman for Portugal's National Farms Confederation, said the drought has added to hardships caused by the country's acute financial crisis, which forced it to ask for a euro78 billion ($102 billion) bailout last year, making credit scarce. Farmers are enduring "a very, very difficult" period, with cereal crops badly hit and grazing land in short supply. "It's the worst situation in living memory," Dinis said. He says Portuguese farmers need emergency aid of euro25 million ($33 million). The Farm Ministry is calculating the damages and negotiating exceptional grants for farmers with the European Union. In Robres, a speck of a village in Huesca, barley farmer Jose Manuel Allue is taking the rare step of watering his crop, grains like wheat and barley that are normally fed by rain alone. And he is blowing his entire irrigation quota in just two days, using 6-foot-high (2-meter) sprinklers to soak a piece of land as big as 40 football fields. The pole-like devices shower water with a pleasant, rhythmic spritzing sound. "After that is gone, it is just a matter of looking to the sky and hoping," Allue said, taking long drags on a strong, thick Spanish cigarette as the earthy smell of a pig farm wafts by. Seconds later, something does appear in the sky, but it's not clouds: three water-dumping fire planes returning from a mission further north. Forest fires — a staple of Spanish summers — have broken out in recent weeks because of the dry conditions, awfully early in the year for such blazes. Ditto for Portugal. Allue checks the weather forecast on the Internet or TV first thing each morning and hears talk of little else at the town tavern, but he has a herd of 1,100 pigs to tide him over if his barley crop proves worthless. Juarez, of ASAJA's Madrid office, says a drought is the last thing Spain needs now on top of its economic distress. He used a Spanish adage that when a stray dog is emaciated and mangy, it probably has other problems too. "For a skinny dog, it's all fleas," he says. Translation: When it rains, it pours.

Spanish House Prices Tumble

 

Spanish house prices tumbled at their fastest pace on record in the fourth quarter, a sign that a long-running property bust will continue to weigh on Spanish households and banks. House prices fall over 11.2% in the fourth-quarter of 2011-the fastest contraction on record. WSJ's Sara Schaefer Munoz has been looking at the data and analyzes how this affects its efforts to deal with its debt crisis. House prices fell on average by 11.2% in the fourth quarter from the same period a year earlier, well below the 7.4% decline in the third quarter, while prices of used homes was down 13.7% in the period, the country's statistics agency INE said Thursday. Both readings are by far the worst since INE started recording countrywide prices in 2007, the peak year for Spain's decade-long property boom. Previously, annual price declines had bottomed out at 7.7% in 2009, and analysts say house prices have only rarely fallen year-to-year since at least the 1970s. The drop indicates Spanish property prices are now correcting at a similar pace to that seen in the U.S. soon after the 2008 financial crisis, and may fall further at least this year. In previous quarters, price drops were somewhat contained, the result of support efforts by the government and banks, fearful of the effect of a housing collapse. Spanish banks hold more than €400 billion ($521.32 billion) worth of loans to the construction and real-estate sector, backed by collateral that loses value as property prices slide further. The amount is equivalent to around 40% of Spain's gross domestic product. TK Raj Badiani, an economist at IHS Global Insight, said government data indicates Spanish house prices are down more than 20% from the 2007-2008 peak, even though other evidence points to a possible drop of more than 30%. "The continued imbalance between the supply and demand of housing suggests that house prices will continue to fall throughout 2012," Mr. Badiani said. "The outlook remains bleak, with the demand for housing expected to shrink throughout 2012 with debt-laden households struggling to cope with a devastated labor market and limited access to credit." Last month, Spain's Finance Minister Luis de Guindos presented a clean-up plan that will force banks to set aside an additional €50 billion this year to cover losses from souring loans, mostly property-related. The plan also seeks to allow a faster correction of the property market this year, so that lower prices trigger some demand in the moribund sector. Earlier this week, INE data showed Spain's property sales continued their recent slide in January, with a 26% annual decline. Last year, just over 361,000 homes were sold in Spain, less than half the number sold in 2007. The clean-up plan and other reforms may only have a delayed effect on the euro zone's fourth-largest economy, the Ernst & Young consultancy said in a report. A lack of demand amid an economic contraction that may stretch until 2014 should keep house prices falling for the next three years, Ernst & Young added. Meanwhile, Spain's bond auction was a mixed bag Thursday, with the Treasury selling slightly less than the maximum targeted amount but paying mostly lower yields to investors. The infusion of cheap cash from the European Central Bank has buttressed bond markets across the 17-nation euro zone, but not always equally. Spain's government bond market hasn't kept pace, while Italy, which at the end of last year had been lumped together with Spain as possibly becoming the "next domino," has swapped places with Spain as the country having to pay less of a premium on its debt. The contrasting fortunes also reflects the market's confidence in Italy's ability to make progress on the fiscal front while Spain falters. Italy's economy is likely to record a primary surplus in 2012. Spain unilaterally revised its budget deficit targets and analysts are skeptical if even those targets will be met.

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The former chief reporter of the News of the World was arrested yesterday by police investigating the phone hacking scandal, on suspicion of intimidating a witness.

Neville Thurlbeck, 50, who was also news editor on the defunct Sunday tabloid, was detained by appointment at a central London police station by officers from Operation Weeting a day after his former editor, Rebekah Brooks, was arrested with five others on suspicion of conspiring to pervert the course of justice. He was later released on bail. Yesterday's arrest came as James Murdoch used a letter to the House of Commons media select committee to distance himself once more from any wrongdoing inside News International (NI). He blamed two former trusted lieutenants, Colin Myler and Tom Crone, claiming there were "inconsistencies" in their evidence to MPs. Mr Thurlbeck has been a central figure in the unfolding phone-hacking saga since being named in the so-called "for Neville" email. This showed voicemail interception went beyond a single "rogue" reporter at the NOTW. He was arrested last year on suspicion of conspiring to hack phones and eavesdropping voicemail messages. During recent months, he has adopted a higher media profile, with broadcast appearances and the launch of a blog commenting on developments in the crisis enveloping NI. In a blog entry last week, Mr Thurlbeck revealed how Will Lewis, a key member of News Corp's Management and Standards Committee, which has been marshalling millions of internal NI emails to Scotland Yard, had hired a private security company to provide security at his home. Mr Thurlbeck published the name of the security company, noting that it had spent several hours at Mr Lewis's home, and gave the name of the street where the NI executive lives. In a subsequent blog, Mr Thurlbeck, who is suing his former employer for unfair dismissal, said his story had prompted approaches from lawyers and a public relations company representing Mr Lewis, asking for the removal of his posting. He claimed it was suggested to him that the details he had provided about the security company "somehow implied I had put [Mr Lewis's] home under surveillance. Bonkers!". He added: "I accepted their point that printing the name of his street was distressing to his family and took this down immediately as I have absolutely no wish to do this. Although I have not been asked to do so, I would like to apologise to Mrs Lewis for any distress." A spokesman for the Management and Standards Committee declined to comment last night on Mr Thurlbeck's arrest. Meanwhile Mr Murdoch has sought to influence the parliamentary report into phone hacking, which is expected to be published before the Easter recess, by telling the committee that he did not mislead them, that he never tried to hide wrongdoing at the NOTW, and that when he did ask questions about what was going on, he was given "false assurances" by senior executives at Wapping. In a personal letter to John Whittingdale, chair of the media select committee, the former executive chairman of NI initially takes responsibility "for not uncovering wrongdoing earlier". However, the limited apologetic tone of his seven page letter, in which he accepts that it "would have been better if I had asked more questions", also contains evidence of anger directed at former trusted lieutenants inside NI. He says he relied too much on people who assured him that investigations had been carried out and who claimed that further inquiries were unnecessary. The former NOTW editor, Colin Myler, and News Group Newspaper's former legal manager, Tom Crone, are named repeatedly and described as offering "inconsistencies" to Parliament, while Mr Murdoch says his own evidence "has always been consistent". The letter states: "The truth is that incomplete answers and what now appears to be false assurances were given to the questions that I asked." In summaries of earlier evidence to the committee, he says he was "never intimately involved with the workings of the NOTW"; and on key meetings that discussed how senior executives were dealing with the emerging hacking culture, he says: "I was given a narrower set of facts than I should have been given..." He also says that if "Messrs Crone and Myler" had given him the highly critical private opinion offered in 2008 by NI's leading counsel, Michael Silverleaf QC, which described "widespread wrongdoing", then he would have "acted differently". He ends his letter by repeating that he neither knew about, nor attempted to hide, wrongdoing, and tells MPs: "The evidence does not support any other conclusion." James Murdoch: What he wrote "I take my share of responsibility for not uncovering wrongdoing earlier. However, I have not misled Parliament. I did not know about, nor did I try to hide, wrongdoing. I do not believe the evidence before you supports any other conclusion..." "It has been said I did not ask enough questions. However, the truth is that incomplete answers and what now appears to be false assurances were given to the questions that I asked."