Saturday, 14 January 2012

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

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

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

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

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

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

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

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

 

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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



SHIP AGROUND: COAST GUARD CONFIRMS 3 DEAD

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

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

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

Paul Simon's music takes meandering spiritual journey

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

Thursday, 12 January 2012

RBS to cut 3,500 jobs in investment bank shake-up

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The Royal Bank of Scotland (RBS) has said it is planning to cut 3,500 jobs, with most of them to happen this year. The cuts are part of a reorganisation and shrinkage of its investment bank. The losses, which will be split between its UK and international offices, come on top of 2,000 cuts announced earlier. Its "wholesale banking" business, which provides services to large clients including investment banking services, will be split into separate "markets" and "international banking" divisions. The markets division - which comprises RBS' main trading activities - will focus on the bank's traditional strengths of debt, currency and money markets, the bank said in its statement. The wholesale banking division will provide services for the bank's biggest clients. These will include corporate advisory services transferred from its investment bank - such as helping major companies borrow money by issuing bonds - as well as cash management and payments services. The bank has already shed some 30,000 employees over the last two years, 22,000 of them in the UK. "It is a disgrace that while on a daily basis, stories are emerging about the massive bonuses at the top of the bank, increasing numbers of jobs are being cut from amongst the hard working staff," said David Fleming of the Unite union. Continue reading the main story “ Start Quote For a bank that has shed 30,000 jobs over the past couple of years, a further 3,500 departures may not seem massive” Robert Peston Business editor, BBC News Read Robert's blog Markets took the statement well, although many of the details had been flagged up in advance. RBS's share price rose 6.8% in morning trading, outperforming other banks and other large companies on the FTSE 100 index. Cutting back The bank said that it planned to close or sell off other business lines, such as those dealing with shares and stock markets, as well as its business advising companies on mergers and acquisitions. It is also looking to dispose of its corporate brokerage, Hoare Govett. These business lines were ones that had been added or expanded only in recent years under the leadership of former chief executive Sir Fred Goodwin. Continue reading the main story Royal Bank of Scotland Group RBS also said in its statement that the size of the balance sheet - the total loans and investments - of its former investment banking division would be reduced by more than a quarter, from £420bn to £300bn, over three years. This will enable it to cut its borrowing from wholesale money markets - which evaporated during the 2008 financial crisis, threatening the bank's collapse - by £75bn. "The overall aim is to improve profits and reduce risks," says the BBC's business editor, Robert Peston. "Which matters to most of us, since taxpayers are sitting on losses of £26bn on the £45.5bn they invested in RBS to rescue it." However, he also notes that the business lines being disposed of were not the ones responsible for causing RBS its huge losses during and after the 2008 financial crisis. UK clients RBS said the restructuring was also designed to prepare the bank for new UK regulatory requirements for banks to ring-fence their core UK operations from their riskier investment banking activities. Continue reading the main story Crisis jargon buster Use the dropdown for easy-to-understand explanations of key financial terms: Investment bank Investment bank Investment banks provide financial services for governments, companies or extremely rich individuals. They differ from commercial banks where you have your savings or your mortgage. Traditionally investment banks provided underwriting, and financial advice on mergers and acquisitions, and how to raise money in the financial markets. The term is also commonly used to describe the more risky activities typically undertaken by such firms, including trading directly in financial markets for their own account. Glossary in full The bank's dealings with British small and medium-sized companies will accordingly be transferred away from the new international banking division, and handled via its UK banks. There was no mention of any specific downscaling of its international operations. However, there has been speculation that its operations in the Irish Republic - including Ulster Bank, which RBS bought in 2000 - and in Australia may be affected Chancellor George Osborne announced the change in strategy at the bank in December 2011. "Investment banking will continue to support RBS's corporate lending business but RBS will make further significant reductions in the investment bank, scaling back riskier activities that are heavy users of capital or funding," Mr Osborne told Parliament in December. Mr Osborne's announcement came in the wake of a report into the bank by the Financial Services Authority in December 2011 which pointed to "errors of judgement and execution" by RBS management which led to its failure in 2008. The bank is now 82%-owned by the UK government after taxpayers injected £45.5bn of new capital into RBS.

Cargo ship runs aground off Sweden, crew suspected drunk

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

Wonga stops targeting students after Twitter protests

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

Wednesday, 11 January 2012

Breast implant scandal: taxpayers face £100 million bill

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

Two-thirds of smokers try to quit in new year

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

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

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

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

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

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

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

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

The three changes are:

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

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

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

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

Mr Macgillivray had previously been employed at Google.

Twitter expanded his point in an official statement.

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

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

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

Google hit back at the criticisms.

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

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

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

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

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

Europe Banks Hoarding Cash Resist Draghi Bid to Avoid Crunch

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

there is an area in your brain where you may hold a reservation and that could, in all likelihood, cause you to return to your drinking. I wish that I might reach this place in your consciousness, but alas, I do not have the skill."

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Twelve Step people who study A.A.'s Big Book are, of course, familiar with Bill Wilson's medical mentor, Dr. William Duncan Silkworth. Bill called him the benign "little doctor who loved drunks." Silkworth, a psychiatrist, had treated thousands of alcoholics and was director of Towns Hospital in New York where Bill had several times sought help. Though Silkworth had explained the disease of alcoholism to Bill, Bill continued to drink until he met his "sponsor" Ebby Thacher, who had recovered through the spiritual program of the Oxford Group. Ebby had also gone to Calvary Rescue Mission, run by Dr. Sam Shoemaker's Calvary Episcopal Church in New York; and Ebby had there made a decision for Christ. Wilson went there for the same purpose and, according to a conversation the author had with Dr. Shoemaker's widow (Helen Smith Shoemaker), Bill Wilson made a decision for Christ at the Rescue Mission. Bill stayed drunk for a few days and then checked into Towns Hospital and again sought help from Dr. Silkworth. And it was during this stay, that Bill took the life-changing steps of the Oxford Group, had his "hot flash experience," reported it to Dr. Silkworth, and was told by Silkworth that he (Bill) had better hang on to what had happened to him. Silkworth later was asked to write the "Doctor's Opinion" that opens the basic text of the Big Book. Silkworth's picture appears in A.A.'s Pass It On, the biography of Bill's life.

        Shortly before his death, the author spent an hour with Dr. Norman Vincent Peale, friend of A.A., the Rev. Sam Shoemaker, and Bill Wilson. Dr. Peale told me of the conversations he had with Bill Wilson about Bill's conversion. However, until 1997, I had never heard the following account by Peale about Dr. William Duncan Silkworth. It can be found in Norman Vincent Peale, The Positive Power of Jesus Christ (New York: Foundation for Christian Living, 1980), pp. 60-61. It appears under the title "The Wonderful Story of Charles K.":

        Charles, a businessman in Virginia, had become a full-fledged alcoholic; so much so that he had to have help, and fast, for his life was cracking up. He made an appointment with the late Dr. William Duncan Silkworth, one of the nation's greatest experts on alcoholism, who worked in a New York City hospital [the Charles Towns Hospital]. Receiving Charles into his clinic as a patient, the doctor gave him treatment for some days, then called him into his office. "Charles," he said, "I have done everything I can for you. At this moment you are free of your trouble. But there is an area in your brain where you may hold a reservation and that could, in all likelihood, cause you to return to your drinking. I wish that I might reach this place in your consciousness, but alas, I do not have the skill."

        "But, doctor," exclaimed Charles, "you are the most skilled physician in this field. When I came to you it was to the greatest. If you cannot heal me, then who can possibly do so?" The doctor hesitated, then said thoughtfully, "There is another Doctor who can complete this healing, but He is very expensive."

        "That's all right," cried Charles, "I can get the money. I can pay his fees. I cannot go home until I am healed. Who is this doctor and where is he?"

        "Oh, but this Physician is not at all moderate as to expense," persisted Dr. Silkworth. "He wants everything you've got. He wants you, all of you. Then He gives the healing. His price is your entire self." Then he added slowly and impressively, "His name is Jesus Christ and He keeps office in the New Testament and is available whenever you need Him."

        Dr. Peale then describes the healing of Charles through the power of Jesus Christ. 

Recovering alcoholic Matt Maden: I began drinking at 10 and now I'm facing death at 26

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Matt Maden, now 26, has been living on borrowed time since he was diagnosed with liver cirrhosis five years ago. Despite his desperate need he has only a 20 per cent chance of getting an organ because of the growing demand. ‘It’s really scary living with the knowledge that the odds are so heavily against you,’ he said. His condition was detected when he spent two weeks in hospital in an alcohol-induced coma – but even then he refused to believe he had a problem. ‘My immediate thought was, “It’s not the drink”,’ he said. The first time Mr Maden got drunk was at 15. ‘I remember waking up the next morning and my first thought was, “When can I do that again”,’ he said. Within a year he went from drinking eight cans of lager in a session to 16 in order to get a buzz. ‘After a couple of years I’d have to have maybe a bottle of spirits to go along with that,’ he added. ‘For a lot of years alcohol gave me  confidence. Little did I know it would actually turn on me and it would start to control me.’ After his health scare Mr Maden left his home in Oxford to check into a rehab clinic in Bournemouth and has not touched a drop since 2007. His physician, Dr Varuna Aluvihare, from King’s College London, believes the binge-drinking culture is behind the increasing number of young people needing liver transplants. ‘Tragically, every year we fail to keep someone like Matt alive,’ he said.

Tuesday, 10 January 2012

The Goodfellas gangsters may live again at AMC

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"Goodfellas" might be becoming a made man again. AMC is developing a series adapted from the acclaimed 1990's film's source material, Nicholas Pileggi's nonfiction book "Wiseguy," about the rise and fall of a mid-20th century gangster.  Pileggi wrote the 1990 film adaptation, which was directed by Martin Scorsese ("Taxi Driver," "Hugo"), and has signed on to co-write the TV series adaptation along with "Homicide: Life On The Street" vet Jorge Zamacona.  The film version's producer Irwin Winkler, with son David, will act as co-executive producers, according to Deadline.com. 1990' s "Goodfellas" chronicles the violent, rags-to-riches tale of gangster Henry Hill (Ray Liotta) as he gets deeper into a world of crime over a period of thirty years, along with his friends and fellow wiseguys, played by Robert De Niro, Joe Pesci and Paul Sorvino. It was nominated for several Oscars, including best picture and director. Pesci won in the supporting actor category. Pileggi also has "Ralph Lamb" in development at CBS with director James Mangold. AMC is home to such acclaimed dramas as "Mad Men," "Breaking Bad" and "The Walking Dead."

Switch to olive oil for better health

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

Monday, 7 November 2011

‘Slob’ Simmons had sex sickness says Ace

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Former Kiss guitarist Ace Frehley says Gene Simmons is an “epic slob” sex addict – and his sleeping around meant he was contantly suffering attacks of lice. The claims appear in Frehley’s autobiography, No Regrets, in which he discusses his own addiction issues along with memories of his two stints with the glam icons. The guitarist writes: “I believe Gene is a sex addict in much the same way I am an alcoholic. “If you’ve been with only one or two women (and had to beg for whatever you got off them) it must be intoxicating to suddenly have groupies falling all over you. “You go from getting laid once or twice a year to getting laid a hundred times by a hundred different women. “Gene would fuck almost anything. Short, tall, plump, svelte, attractive, merely tolerable. Gene seemed to live in a state of perpetual infestation.” It wasn’t just Simmons’ private parts which were a mess, Frehley continues, calling his former colleague “a fastidious businessman – but an utter mess in his personal life.” The pair recently had lunch together, prompting Simmons to warn fans not to expect a reunion, but saying they were on good terms. Asked what he makes of the comments in Frehley’s book, the bassist tells the New York Post: “Fact: Ace has been a drug addict and an alcoholic for 35 years. Fact: We love Ace and wish him all the best.”

Saturday, 5 November 2011

'I am proud to say that I am a fortunate homosexual man. I am very blessed to be who I am.

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The 39-year-old, who is a father to three-year-old twins Matteo and Valentino, has been in a relationship with Carlos for four years.

Ricky Martin is apparently keen to marry Carlos Gonzalez (Getty Images)Ricky Martin is apparently keen to marry Carlos Gonzalez (Getty Images)

He chose to apply for Spanish citizenship in order to take advantage of the country's decision to legalise same sex marriage in 2005, reports El Pais.

The government was seemingly pleased to welcome the Livin' La Vida Loca star and, unusually, did not ask him to renounce his Puerto Rican or US citizenship.

Ricky is yet to comment on the reports, but the newspaper claimed he intended to tie the knot in Spain rather than one of the US states that allows same sex marriage, as he wanted to pay tribute to prime minister Jose Luis Rodriguez Zapatero's support for gay rights.

The singer surprised many of his fans when he came out last year by releasing a statement that read: 'I am proud to say that I am a fortunate homosexual man. I am very blessed to be who I am.'




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Friday, 4 November 2011

Ricky Martin and Benicio del Toro now have Spanish nationality.

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The concessions were granted by the Spanish cabinet on Friday

Benicio del Toro and Ricky Martin - Archive photos EFEBenicio del Toro and Ricky Martin - Archive photos EFE
enlarge photo
 

Ricky Martin and Benicio del Toro now have Spanish nationality. The news of the concession was given by the Government on Friday to the artists who were both born in Puerto Rico. 

Spokesman José Blanco made the announcement after the Friday cabinet meeting.
He said that the two ‘recognised in different artistic facets’ wanted to share their Spanish nationality with all the Spanish people and therefore the Government congratulated them for it.
There is widespread speculation that the decision will allow Ricky Martin to marry his boyfriend, the economist Carlos González, in Spain.

Also granted nationality on Friday was Yisi Pérez, wife of the El País journalist, Mauricio Vicent, whose accreditation as a correspondent in Cuba was removed by the Cuban authorities. 

Read more: http://www.typicallyspanish.com/news/publish/article_32580.shtml#ixzz1cmPtmd1C

Ricky Martin granted Spanish citizenship

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Puerto Rican pop singer Ricky Martin was given Spanish citizenship today, the country’s government said. The star, who came out in 2009 reportedly wants to take advantage of Spain’s gay marriage laws. Spokesman Jose Blanco told a news conference that ministers had agreed to grant him a “letter of naturalization”, issued in special circumstances, because of his “personal and professional links with Spain”. Spanish newspaper El Pais reported that Martin sought citizenship in order to marry boyfriend Carlos Gonzalez Abella, with whom he is bringing up his twin three-year-old sons. Spain passed legislation allowing same-sex marriages in 2005, only the third country to do so at the time, with 20,000 gay couples entering into marriage since. Appearing on the Larry King show last year, he had said: “I would get married… There are many countries around the world where same-sex marriage is a right. Not in Puerto Rico, unfortunately. And not in many states in America. “Yes, we could go to Spain and get married. We can go to Argentina and get married. But why do we have to go somewhere else? Why can’t I do it in my country where the laws are – you know, protecting me?” He added: “I can go to Spain. I have many friends in Spain. And get married. And make it very beautiful and symbolic. But… I [can't] do it in the backyard of my house. I want to have that option. I don’t want to be a second class citizen anymore. I pay my taxes. Why can’t I have that right?

Robert Dawes was finally arrested in Dubai on an international warrant but is now living free on the Costa del Sol.

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Robert Dawes

For five years a man named in a British court as "the general" has been pursued by detectives in a multimillion-pound operation.

Over the past decade Robert Dawes has moved from a two-up, two-down terraced house on an estate outside Nottingham to a base in Dubai and finally to a villa on the Costa del Sol.

Police believe he has left a trail of destruction as one of the heads of acrime syndicate that flooded the UK with millions of pounds of cocaine, heroin and cannabis. He has been identified in nine UK investigations involving large scale shipments.

Dawes is wanted in the Netherlands in connection with the murder of a teacher, Gerard Meesters; in Spain, where police have identified him as "the boss of an important English drug trafficking organisation"; and in the UK, where Nottinghamshire detectives are seeking him over the alleged commissioning of the murder of David Draycott in October 2002.

So when investigators from the Serious Organised Crime Agency, working with Spain's Guardia Civil, had Dawes secured in a Madrid prison this spring to face trial over the seizure of 200kg of cocaine, the belief was that the reign of a man described by Soca as a "highly significant international criminal" had ended.

But the Guardian has discovered that Spanish judges have been forced to drop the trial and free 39-year-old Dawes because the British authorities had failed to respond for months to a request for assistance.

Dawes is now back in his enormous villa near Benalmádena on the Costa del Sol with his wife and three children, enjoying his freedom.

After Dawes's release a few weeks ago, the Spanish courts issued a statement which made clear their hand had been forced by the failure of the British to respond to a request for documents sent in April through the highest diplomatic channels.

"The provincial court in Madrid has revoked the indictment of Robert Dawes ... and so he is at liberty," the statement said. "The magistrates ... understand that... it is necessary to wait for a response from the Commission of Dubai, with reference to the searches in the case, and, above all, the Commission of the United Kingdom.

"When the judicial authorities of those countries respond with evidence the case will be taken up again, but neither of the two commissions has yet commented and there is no indication of when they might do so."

Soca officials have been left embarrassed by the bureaucratic bungling. They say the request via a letter rogatory – the official method of requesting assistance between countries – was only received by the Home Office in August before being forwarded on to them in the same month.

The letter rogatory was sent to the Home Office via Eurojust, an organisation based in The Hague that is supposed to speed up co-operation on major criminal investigations between EU countries.

Asked by the Guardian this week about the case, Soca officials said they were planning to send an official to hand deliver the documents. A spokesman said: "We are supporting this Spanish-led investigation. Upon receipt of their request for evidence we took immediate action, in conjunction with the Crown Prosecution Service, to collate the material required.

"This process must take into account various legal and operational issues but it is Soca's intention to provide the material to the Spanish at the very earliest opportunity."

But it is not the first time that Dawes has slipped through the net, and some of his former associates have refused to co-operate with the authorities in the past because they believed he was an "asset" who was being protected.

Dawes grew up on the Leamington estate in Sutton-in-Ashfield, Nottinghamshire, and is thought to have began his criminal career in the 1990s working as an enforcer. By 2000 his name was cropping up in investigations from Scotland to London, where he is known to have associated with some of the UK's most notorious crime syndicates including the London-based Adams family.

By this time Dawes and his brother John – later jailed for 24 years for drug dealing and money laundering – had allegedly moved into large scale shipments of heroin, cocaine, amphetamines and cannabis.

In the Netherlands he became known in thousands of phone taps carried out by Dutch police as the "Derbyman".

In 2001, fearing the police net was closing in, Dawes left the UK for the Mijas Costa area of Spain – but could not resist making fleeting trips back to his old estate where he still owned two terraced houses that had been knocked together.

Soca began Operation Halbert in 2006 to target Dawes and his lieutenants. In August 2007 they seized £13m worth of drugs including 65kg of heroin in a major raid in Ruddington, Nottinghamshire. A month later, after receiving intelligence from Soca, officers from the Guardia Civil drug unit seized almost 200kg of cocaine just outside Madrid that was allegedly linked to Dawes.

But by then Dawes had fled Spain to set up a base in Dubai. He was eventually extradited in April this year to face trial in Madrid until his release by the Spanish a few weeks ago.

Man arrested over alleged police payments named as Sun journalist

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A Sun journalist has been arrested as part of Scotland Yard's investigation into alleged payments to police officers by newspapers. The reporter is believed to be Jamie Pyatt, district editor of the paper. The arrested journalist was taken to a South West London police station at 10.30am on Friday. Pyatt, 48, has been working at the Sun since 1987. He is the sixth person arrested by detectives working in Operation Elveden, which was set up in July following allegations that police officers had received up to £130,000 over several years from the News of the World for information, including contact details of the royal family. News International refused to comment on the arrest and saying it had "a very clear duty of care to employees and would not be making any comment on individuals". Scotland Yard also refused to confirm the identity of the person it arrested, but said in a statement earlier that it had arrested a 48-year-old man in connection with Operation Elveden. Its statement said: "He was arrested outside London on suspicion of corruption allegations in contravention of section 1 of the Prevention of Corruption Act 1906, and is being brought to a south-west London police station." Operation Elveden is one of three Met investigations relating to alleged illegal activities by newspapers. The others are Operation Weeting and Operation Tuleta, set up to examine phone hacking and computer hacking, respectively. On Thursday, Scotland Yard confirmed to the Guardian that the number of people whose phones may have been hacked had reached 5,800 – 2,000 more than previously stated. So far 16 people have been arrested and bailed on allegations of phone hacking.

Italy government hangs by thread as coalition crumbles

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Italian Prime Minister Silvio Berlusconi's fate hung by a thread Friday and desertions from his crumbling centre-right coalition may have already robbed him of the parliamentary numbers he needs to survive. Berlusconi, caught in the crossfire from European powers and a party revolt at home, agreed at a G20 summit in France to IMF monitoring of economic reforms which he has long promised but failed to implement. But this may soon be irrelevant for the Italian leader, who will return to Rome later Friday to face what looks increasingly like a deadly rebellion by his own supporters. With financial markets in turmoil over the situation in Greece and Italy viewed as the next domino to fall in the euro zone crisis, calls are mounting for a new government to carry through reforms convincing enough to regain international confidence. Berlusconi has consistently rejected calls to resign and says the only alternative to him is an early election next spring, rather than the technocrat or national unity government urged by many politicians and commentators. Yields on 10-year Italian bonds reached 6.36 percent by early afternoon, creeping closer to 7 percent, a level which could trigger a so-called "buyers' strike" where investors take fright and refuse to buy the paper. Two deputies from Berlusconi's PDL party this week defected to the centrist UDC, taking his support in the 630-seat lower house of parliament to 314 compared with the 316 he needed to win a confidence vote last month. But at least seven other former loyalists have called for a new government and could vote against the 75-year-old media magnate. "The (ruling) majority seems to be dissolving like a snowman in spring," said respected commentator Stefano Folli in the financial daily Il Sole 24 Ore. Other commentators spoke of an "inexorable" revolt against Berlusconi. Even Defence Ministry undersecretary Guido Crosetto, a Berlusconi loyalist, said on television: "I don't know how many days or weeks the government has left. Certainly a majority relying on a few votes cannot continue for long." PATRONAGE Berlusconi, one of Italy's richest men, still has significant powers of patronage and he and his closest aides are expected to spend the weekend trying to win back support for a parliamentary showdown Tuesday. Some rebels have already threatened to vote against Berlusconi in the vote to sign off on the 2010 budget. Berlusconi faced concerted calls to resign when he lost a previous vote on this routine measure, which was almost unprecedented. Although it is not a confidence motion, he would come under huge pressure if he suffered a second defeat. "Unpopular prescriptions are necessary and this challenge cannot be faced with a 51 percent government," said UDC leader Pier Ferdinando Casini, in a reference to Berlusconi's weakness and a widespread feeling that the reforms can only be passed with a broad consensus. The premier has promised European leaders that he will call a formal confidence motion within 15 days to pass amendments to a budget bill incorporating new measures to stimulate growth and cut Italy's huge debt. That will be in the Senate where he has a more solid majority but it could still bring him down. Berlusconi, beset by a string of sex scandals and court cases, has consistently resisted pressure from groups ranging from a powerful business lobby to the Catholic Church to stand down.

Wednesday, 2 November 2011

Chris and Mary Gorman were arrested by police in Orlando, Florida, after a member of staff at the city's Roxy venue found two men and a woman in the men's toilets.

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Accused ... Mary Gorman.

Accused ... Mary Gorman.

A multimillionaire British couple have vowed to fight charges against them after they were arrested in a US nightclub following an alleged sex act.

Entrepreneurs Chris and Mary Gorman were arrested by police in Orlando, Florida, after a member of staff at the city's Roxy venue found two men and a woman in the men's toilets.

The couple, who live in Renfrewshire and are thought to be worth more than £40 million ($62 million), do not face indecency charges.



Hugh Grant is the delighted father of a baby girl. He and the mother had a fleeting affair and while this was not planned, Hugh could not be happier or more supportive

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British actor Hugh Grant arrives at the
British actor Hugh Grant has become a father for the first time at the age of 51. Photograph: Leon Neal/AFP

Film star turned anti-hacking activist Hugh Grant has become a parent for the first time at the age of 51.

The actor – best known for roles in Four Weddings and a Funeral and Bridget Jones's Diary – became father to a baby girl earlier this month.

The identity of the mother has not been revealed but a spokeswoman for the actor said they were on good terms.

She added: "I can confirm that Hugh Grant is the delighted father of a baby girl. He and the mother had a fleeting affair and while this was not planned, Hugh could not be happier or more supportive. He and the mother have discussed everything and are on very friendly terms."

Grant has had several high-profile previous relationships, including with Elizabeth Hurley and socialite Jemima Khan, from whom he split in 2007.

The actor has kept a low profile on the big screen in recent years. His last role was alongside Sarah Jessica Parker in 2009's Did You Hear About the Morgans? and his next project is to voice the role of a captain in animated film The Pirates!, due for release in spring.

Grant, who suspected that his own phone had been hacked, recently emerged as the unofficial spokesman for victims of phone hacking at the News of the World after railing against politicians for failing to curb the power of Rupert Murdoch. He wrote a New Statesman article after secretly recording a conversation with a former News of the World reporter, Paul McMullan, in which he alleged that ex-editor Rebekah Brooks knew about hacking at the paper.

Taking a shot … Roger Moore, shown here in 1984 Bond film A View to a Kill, was less than impressed by Quantum of Solace

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Roger Moore
. Photograph: Allstar/Cinetext Collection

Former James Bond actor Sir Roger Moore has described the franchise's most recent outing, Quantum of Solace, as "a long, disjointed commercial".

 

The 84-year-old actor, who played 007 for 12 years between 1973 and 1985, was speaking to a reporter from Cambridge University's Varsity newspaper when he criticised the film, which was released in 2008 and starred Daniel Craig. Moore, who praised Craig's interpretation of Ian Fleming's secret agent despite disliking the film, also passed comment on another Bond - his own predecessor, Sean Connery. "Sean is a good actor," said Moore. "It's a pity I can't understand what he's saying."

 

Moore, known for his wry sense of humour, rounded off the interview by revealing that his favourite contemporary actor is Johnny Depp. "I wish he would change his name to something I can remember," he quipped.

 

The actor also identified his favourite Bond girl – his wife, Danish-Swedish multi-millionaire Kristina Tholstrup. He was visiting the university to give a speech at the student union, where he introduced himself as "Moore, Roger Moore".

 

Meanwhile, Daniel Craig will return as 007 in a new James Bond film, rumoured to be titled Skyfall, which will arrive in cinemas next year. Javier Bardem, Ralph Fiennes and Naomie Harris have all been linked with the film, which will be helmed by American Beauty director Sam Mendes. Official confirmation of the film's details will be announced at a press conference in London tomorrow

Tuesday, 1 November 2011

Wall Street markets are suffering huge falls this morning as fears grow that Europe's plan to save the euro will unravel

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Wall Street markets are suffering huge falls this morning as fears grow that Europe's plan to save the euro will unravel before it can even kick in.

Greek Premier George Papandreou said he will put Greece's bailout through a referendum, throwing the long-awaited deal into disarray.

Financial markets around the world have tumbled in reaction to the shock announcement today and U.S. stocks have also fallen at the open.

Wall Street: Financial markets around the world have tumbled in reaction to the shock announcement and U.S. stock futures are down on Tuesday

Wall Street: Financial markets around the world have tumbled in reaction to the shock announcement and U.S. stock futures are down on Tuesday

The Dow Jones opened down 258 points, or 2.2 per cent; the Nasdaq fell 78 points, or 2.9 per cent, and the S&P fell 33 points, or 2.7 per cent.

‘The market did not see this Greek referendum coming, which is potentially a killer,’ said Vermont investment strategist Paul Mendelsohn.

 

 

 

‘It could knock the wheels off the bus of the whole (Europe rescue) plan.’