Housing Market Woes Even Hit Celebs

 

Even celebrities are having a hard time selling their mega-mansions. More on DIS Fan Cam: The Next Sports Cash Machine?Jay Rasulo, Senior Executive Vice President And Chief Financial Officer, The Walt Disney Company, To Speak At The Goldman Sachs 20th Annual Communacopia ConferenceBond Funds See Huge Spike in Inflows Market Activity The Walt Disney Co| DIS Mommy-to-be Hillary Duff has put her first mansion that she purchased while starring in Disney's Lizzie McGuire up for sale with an asking price of $6.25 million. But according to The Real Estalker, Duff also attempted to sell the estate last year, listing for $7 million last time around. Real estate records reveal Duff bought the 9,277 square-foot house in Toluca Lake, Calif., in March 2004 for $3.5 million. Mark Wahlberg, a.k.a. Marky Mark, also recently re-listed his Beverly Hills estate with a $2 million price cut. Wahlberg originally listed the property in 2008 for $15.9 million. The 1.41-acre home is now listed for $13.9 million. The executive producer of Entourage purchased the mansion in 2001 for just $5 million, later remodeling it. Earlier in the summer, Christina Aguilera reduced the price on her home in the Hollywood Hills to $5.5 million from $8 million, while Jodi Foster's Beverly Hills mansion was brought down to $8.9 million from $10 million. The housing market continues to wobble with few consumers taking advantage of record-low mortgage rates. Sales of newly built homes are expected to be at their worst levels for decades this year, while sales of previously occupied homes are on pace for their poorest showing in nearly 15 years

Spain finance chief admits odd quirk in wealth tax

 

One aspect of a plan to restore wealth tax in Spain makes no sense but there's nothing the government can do about it, the finance minister said Saturday. Elena Salgado spoke from Poland where she was attending a meeting of euro zone counterparts. The tax stems from the central, Socialist government but is collected by regional administrations. It was suspended in 2008 to stimulate growth as the global economic crisis started to bite in Spain. But the Madrid government has kept compensating regional governments for the lost revenue. Now, regions stand to get the money twice: once from high-earning taxpayers under a decree passed Friday and again from the central government because the compensation must continue under a separate law that has a higher status than a decree. Salgado said "this does not seem reasonable" but there's no way around it. "With a decree, there is nothing you can do to avoid it," she said. Her comments were the latest in a sea of confusing government statements about the wealth tax, which is levy on a person's net worth: assets minus debts. The flip-flops concerned the wealth level at which it will kick in and how much revenue it will raise. In the end, if passed by Parliament next week, the levy will apply to taxpayers' net worth above euro700,000 ($963,000), or an estimated 160,000 people, and raise euro2 billion in revenue. It is temporary, and will be in effect only in 2011 and 2012. The government says the tax is aimed at getting richer people to chip in more as Spain struggles with a 21 percent jobless rate, anemic growth and a high deficit. But it has been criticized by the conservative opposition as a populist nod to leftist voters angry over deficit-cutting austerity measures as Nov. 20 general elections approach. The ruling Socialists are projected to lose badly. Salgado's remarks seemed to contradict some made just Friday by government spokesman Jose Blanco, who said no region would get the wealth tax money twice. Salgado said Blanco really meant the same thing she did: that it seems unreasonable for regions to get the money doubly.

Spain to cover 20bn euros in potential bank losses

 

The Bank of Spain has promised to cover up to 20 billion euros ($27 billion) in losses at Caja Mediterraneo as it seeks to offload the troubled savings bank, a newspaper said Monday. The Bank of Spain took control of the bank in July and is now trying to sell it off. According to the daily El Mundo, the central bank let investors know it would cover up to 20 billion euros of losses, the estimated amount of property-related assets at risk in Caja Mediterraneo (CAM), if necessary. If confirmed, the central bank intervention would be "the costliest for the public treasury in Spanish financial sector history," the newspaper said, without identifying its source. The price tag could unnerve financial markets -- it is equal to a government estimate of the maximum cost of recapitalising Spain's entire banking sector. Contacted by AFP, Bank of Spain officials were unable to respond immediately to the report. The Bank of Spain injected 2.8 billion euros and opened a three-billion-euro line of credit for the CAM when it took control of the institution in July. But in early September CAM revealed a first-half loss of 1.136 billion euros and a high 19-percent ratio of bad loans, mostly property-related credits whose recovery was doubtful. The average bad loan ratio for the Spanish banking sector was 6.416 percent in June. According to El Mundo, the Bank of Spain is trying to complete the sale before general elections set for November 20. It said rival banks Santander, BBVA and CaixaBank, as well as a union of three Basque banks, were among candidates to buy the CAM, with Santander the favourite.

Spanish lenders to be seized by Madrid

 

Spain’s official bank rescue fund, Frob, is preparing to nationalise three more groups of savings banks at the end of the month at a cost of nearly €5bn ($6.9bn), but could allow two others extra time to find investors to help boost their capital, according to people familiar with the discussions.

Roche threatens to stop supplying Spanish hospitals

 

multinational pharmaceutical company, Roche, has warned Spain that it may stop supplying its products to Spanish hospitals and clinics. It comes as the company has stopped supplying medicines to Greek hospitals because of the debt they are owed, and that say that what they are owed by some regional administrations in Spain is ‘at the limit’. CEO of the company, Severin Schwan, made the revelation to the New York Times, and El País then asked Roche España for comments. The response was ‘As is happening in other countries, the crisis situation and the debt in Spain is significant and some regional administrations are at their limit’. Regions such as Castilla y León are now paying medical suppliers after two years, but Roche reports delays of 900 days are now happening, while Andalucía, Valencia and Castilla-La Mancha has an average payment time of more than 600 days.

Spain court convicts Basque leader of terrorism

 

Spanish court convicted a prominent Basque separatist of terrorism Friday and sentenced him to 10 years in prison for trying to resurrect the banned political wing of the militant group ETA. Arnaldo Otegi, former leader of the outlawed Batasuna party, can appeal the conviction handed down by the National Court. Four other suspects were also convicted, and three were acquitted. Otegi served 15 months for an ETA-related offense and was freed in 2008, then re-arrested in 2009 over the current case and has been in prison since then awaiting trial. Batasuna was banned in 2003 on the grounds it is part of ETA, which has killed 829 people since the late 1960s in a campaign of bombings and shootings aimed at achieving an independent Basque homeland. ETA is classified as a terrorist organization by Spain, the European Union and the U.S. Four leaders of Batasuna met late Friday for a news conference in the Basque seaside city of San Sebastian to condemn the court's findings. Txeloui Moreno, spokesman of the outlawed party, said Batasuna would find the means to give the Spanish government a "powerful response" to Otegi's sentence. A rally was planned for Saturday in San Sebastian, he said. Over the past decade, Otegi has been perhaps the most high-profile pro-independence Basque nationalist among those who have refused to condemn ETA. But recently he and many in his movement have publicly rejected violence — although not ETA itself — as the way to achieve Basque independence, saying it must be done peacefully and democratically. In this court case, Otegi was charged with trying to form an organization that would replace Batasuna. During the trial, which ended in July, he argued that it was this group which persuaded the pro-ETA Basque separatist community to reject violence. But the court ruled Friday that Otegi was acting on orders from ETA to regroup pro-independence forces into a new political tool for ETA. ETA declared a cease-fire in September 2010 and has not killed anyone in Spain in more than two years. The government says the group has been weakened by arrests and dwindling grass roots support, but rules out negotiations0 and insists ETA must simply surrender. That would bring an end to Europe's last major armed militancy.

Passenger 'tried to open jet door'

 

A holidaymaker who allegedly tried to open the doors of a plane at 36,000ft has been arrested. The Thomson Airways flight from Palma, Majorca, to Newcastle early on Wednesday was diverted to Gatwick. Witnesses said friends tried to restrain a man as he attempted to open the door, and he shouted: "It's OK, we are just on a simulator." Passengers and crew wrestled him into a seat and he was tied up with seat belts. A man aged 22 from Ashington in Northumberland was arrested at Gatwick on suspicion of endangering the safety of an aircraft and bailed to 8 November.

Marihuana seized in Rincon de la Victoria

 

LOCAL POLICE in Rincon de la Victoria arrested a 25-year-old man and seized 30 kilos of marihuana from his home. The police estimate that it would have had a street value of more than €30,000.

Gang who tampered with ATM machines caught

 

 gang of criminals have been arrested by police following a spate of thefts from ATM machines (hole in the wall, cash machines). Police sources have suggested that the arrested had managed to take € 2,420 through 19 illegal “extractions”. The technique involves installing a metal plate over the front of part of the ATM machine, that physically prevented cash being given out. This method of theft is called "cash trapping," so those who were trying to take out cash simply thought the machine was not working, whereas in fact the cash they had requested was sitting behind the installed metal plate awaiting collection by the thieves. When the frustrated person left, the thieves came, removed the plate, and helped themselves to the person’s money. The sites where these crimes occurred were Torrevieja, Pilar de la Horadada, Almoradi and Calpe, although at the moment the Guardia Civil have not ruled out other locations, and believe the gang’s operations may even have stretched into Murcia. When arrested the thieves were in possession of pliers, metal plates, glue, putty, and all essential tools for the installation of the system. This arrest highlights that it is worth checking ATM machines before inserting your card, for signs that it has been tampered with. The metal plate or “cash trapping” technique is the most basic, but there are other more sophisticated devices place over the ATM machine where the card is actually read by a bar code reader installed by a thief, and this can lead to them extracting as much money as you may have available on that card.

Spanish townspeople spear bull to death

 

Lance-wielding Spanish townspeople speared a huge fighting bull to the death Tuesday, defying a lone protester who sprayed some of them with an irritant. Hundreds of people, many on horseback, turned out for the combat with a 608-kilogram (1,338-pound) black bull named Afligido — Spanish for Sorrowful — in the centuries-old "Toro de la Vega" festival. The massive beast charged through the fortified town of Tordesillas, central Spain, crossing a bridge over the River Duero and into a plain in a tradition that dates back to the Middle Ages. Before the lancing began, a female protester sprayed an irritant at some of those taking part before being taken away by police, a witness to the event said. The ritual, which has been held every second Tuesday in September since at least 1453, pressed ahead regardless and about a dozen lancers on foot and horseback attempted to spear the bull's flesh. One of the lancers on foot struck the first blow, conferring the right to lead the bloody, half-hour confrontation with the beast as others hemmed the animal in. The bull was finished off with a final blow to the head from a large screwdriver. Some 200 animal rights protesters later staged a rally in central Madrid to condemn the tradition, which predates the introduction of the classic bullfight at the end of the 17th century. The protesters, carrying banners showing their website "rompeunalanza.com", chanted "Tordesillas, national shame" before breaking wooden lances. "We are protesting over the celebration of the Toro de la Vega in which hundreds of people on foot and horseback lance a bull to death," said Silvia Barquero, spokeswoman for animal rights group PACMA. "We want the end of bullfighting and especially the Toro de la Vega which is even more savage than the bullfight," she said in an interview. Barquero said she believed the end of all bullfighting in Spain was approaching. The northeastern region of Catalonia will hold its last ever bullfight September 25 in Barcelona, after voting last year to end centuries of bullfighting — a first for mainland Spain. Opinion polls show most Spaniards do not approve of bullfighting, Barquero added, rejecting arguments that the bullfight is an essential part of Spanish culture. "Culture cannot be based in the torture and death of an animal. This festival is not supported by most Spanish people." PACMA challenges the Tordesillas town hall's decision in May to declare the Toro de la Vega as a cultural asset. Each region of Spain has responsibility for its own animal protection laws, usually with exceptions for bullfighting. The festival in Tordesillas is allowed under the laws of the Castilla y Leon region.

Expat equity release victims take on banks

 

Tempted by the offer of a salary for life and an inheritance tax reduction, organisers of Equity Release Victims Association, Ian Sherdley, 69, and Euan Armstrong, 73, used their Spanish holiday homes as collateral to buy into the equity release schemes. The schemes were sold by independent financial advisors working the expat communities along the Costa del Sol on behalf of Denmark's biggest bank Danske Bank and Nordea Bank SA. They were told that if they took out full mortgages against the value of their Andalucian homes, which were fully paid for, and then gave the money to the bank to invest, their inheritance tax liability would be reduced and they'd receive a small lump sum, as well as a monthly return on the bank's investment which would cover the cost of the remortgage and provide a small salary. Mr Sherdley, from Lancashire, and Mr Armstrong, from Scotland, followed the advice only to be later told by their Nordic Banks that the investments had gone badly, the remortgaged money had been lost and their homes, with a combined value of €4.5 million, suddenly belonged to the banks. It is thought that there could be hundred of expats in similar positions across Spain and France. A Spanish court has so far suspended the banks' foreclosure and repossession orders on the properties, while a decision as to how the cases will proceed is expected in the near future. According to Mr Armstrong's lawyer, Antonio Flores from Lawbird Legal Services, the schemes were mis-sold, bearing in mind it is illegal to knowingly indebt yourself in order to reduce your inheritance tax liability. He said: "We want to find out exactly how many of the schemes were sold, to who, and on what basis. "As far as I can gather, retired expats were targeted because they had paid off their mortgages, so could use them as collateral and would be tempted by talk of reduced inheritance tax liability." Mr Armstrong added: "We encourage everyone who, like us has been sold one of these schemes to get in touch. "Do not lie down and take this. These banks are making billions every year with your money." A spokesman for Nordea bank said: "We can't comment, but we can say is that Nordea runs its business in compliance with local laws." A spokesman for Danske Bank said: "According to the law we cannot comment on individual customer cases nor questions related to individual customer cases. We have no comment."

Coin, near Malaga in southern Spain, is, like many towns across the crisis-hit nation, on the verge of bankruptcy with an estimated debt of nearly 30 million euros (£26m)

 

Coin, near Malaga in southern Spain, is, like many towns across the crisis-hit nation, on the verge of bankruptcy with an estimated debt of nearly 30 million euros (£26m) owed by the town council. For more than a week there has been no lighting in public areas after power company Endesa cut services because of an outstanding bill of 280,000 euros (£240,000). Meanwhile some 500 council employees in the town have not yet been paid their August wages, it was reported. The town of 22,000 residents has been ordered to make an urgent payment of 400,000 euros (£346,000) to the Treasury in monthly instalments to cover its debts but the mayor has said the town will be forced to file for bankruptcy. Fernando Fernandez from the conservative Popular Party, who was elected mayor following elections in May, has blamed the debt on the previous socialist administration and asked for more time to meet payments. He claims the council workers wage bill alone amounts to 1 million euros a month and that the town's coffers are empty. It is a problem repeated in municipalities across Spain. In some towns, police officers have been ordered to walk to crime scenes in a bid to save costs on patrol cars. In others, austerity measures meant council services such as public swimming pools did not operate this year despite the soaring summer heat. On Tuesday rating agency Moody's warned that Spain's regions could fail to meet their deficit-cutting targets, a move considered necessary for the nation to meet the EU-agreed public deficit ceiling of 3 per cent of GDP by 2013.

Businessmen guilty of £8m "boiler room" shares scam share-selling was undertaken by salesmen working from Marbella and Barcelona,

 

share-selling was undertaken by salesmen working from Marbella and Barcelona, although many of them used false names and claimed to be calling from offices in Frankfurt, Stockholm or Amsterdam. The SFO said the business prospects of the company were inflated by WBR’s directors and salesmen. WBR eventually went into adminstration in 2007 following a petition by creditors. It is now officially in liquidation. Of the £8.2m attracted from investors, about £4m ended up in off-shore accounts in Cyprus, Jersey and Spain, the SFO said. It began its investigation after complaints from people who bought shares. WBR was later included on a warning list published by the Financial Services Authority. SFO director Richard Alderman said: “Boiler room fraudsters prey on vulnerable people, they also deprive genuine businesses of the capital they need to grow. Quite bluntly, they ruin lives. I am delighted that the SFO is playing its part in bringing down operations like these and bringing fraudsters to book

Investigation launched as forest fire destroys four homes on Costa del Sol

 

investigation is under way into a forest fire which destroyed four homes and 400 hectares of land on the Costa del Sol. The blaze – which affected parts of Mijas, Marbella and Ojen – saw more than 300 people evacuated from their homes after starting at around 8.30pm on Sunday evening in the Entrerrios area of Mijas. Andalucia’s Councillor for the Environment Jose Juan Diaz Trillo, suggested the fire had been started deliberately, before confirming that nobody had been injured. Around 300 firefighters from across Andalucia were hampered by high winds as they tackled the blaze, which caused the temporary closure of part of the A7 highway. Residents of La Mairena and La Bugancilla urbanisations were evacuated and parts of Calahonda were also briefly affected, although residents are now being allowed to return to their homes. Around 260 firefighters are involved in dampening down the fire, which is understood to have affected 900 hectares in total.

Spanish-based Seven guilty of 'boiler-room' fraud

 

Seven men were convicted today of an £8 million boiler-room fraud, the Serious Fraud Office (SFO) said. The Spanish-based operation targeted thousands of investors in the UK applying high pressure telesales techniques to push shares in a bio-diesel company, Worldwide Bio Refineries (WBR). In fact, the company was practically worthless. One defendant, company director Redmond Johnson, 66, pleaded guilty to conspiring to defraud investors. Fellow director Dennis Potter, 72, who lived in Singapore, was convicted of the conspiracy along with John Murphy, 35, and Greg Pearson, 38, both of Marbella, Daniel Murphy, 37, and Lee Homan, 37, both of Hertfordshire, and Peter Bibby, 44, of south London, who all managed share sales. Bibby absconded before the Ipswich Crown Court trial and was convicted in his absence. There is a warrant for his arrest. Commenting on the convictions, SFO director Richard Alderman said: "This is an excellent result. Not only do boiler-room fraudsters prey on vulnerable people, they also deprive genuine businesses of the capital they need to grow. "Quite bluntly, they ruin lives. I am delighted that the SFO is playing its part in tracking down operations like these and bringing fraudsters to book." WBR was set up in 2003 and had a processing plant in County Durham that was purported to produce diesel fuel from vegetable matter. It also had a plant in Singapore producing diesel intended to be marketed in the UK. The share selling was undertaken by salesmen working from a number of boiler-rooms in Marbella and Barcelona although many of them used false names and claimed to be calling from offices Frankfurt, Stockholm or Amsterdam. The business prospects of the company and the bio-diesel market were inflated by WBR's directors and the salesmen, who claimed that substantial international business was being done and that the business's shares were valued at £110 million. Investors believed that their investment in a successful bio-diesel enterprise would net them significant short-term returns, bolstered by claims that WBR was to be floated on the stock market. These claims were bogus. The SFO found that the bio-diesel plant had no output and, with only limited imports coming from the Singapore plant, WBR was not being managed with any intention of it becoming a growing commercial success. Virtually all of WBR's revenue between 2005 and 2007 was generated by share sales. Of the £8.2 million attracted from investors, around £4 million was transferred to accounts in Cyprus, Jersey and Spain for the benefit of the boiler-room salesmen. The group will be sentenced at Ipswich Crown Court on September 23.

Fame of killer bull named 'Mouse' spreads in Spain

 

With more than 3,000 fans cheering, a hulking, black-and-white fighting bull named "Mouse" chased one daredevil runner after another, trying to flip them airborne and skewer them as he did a month ago in a fatal goring that enshrined his reputation as Spain's most feared and famous beast. Mouse was greeted in the southeastern farm town of Sueca like a rock star: Everyone stood up at 2 a.m. Sunday in the bull ring's grandstands as he charged across the sand after loudspeakers introduced him with the eerie strains of the soundtrack to "The Good, The Bad and The Ugly," the 1960s spaghetti western film starring a young Clint Eastwood. The 550-kilogram (1,213-pound) bull didn't claim any more victims this time, but tried his hardest to gore runners. And he captured intense media coverage in what could be his last appearance before retirement amid the controversy he has generated about Spain's summertime tradition of bull versus human runs, a pastime that plays out in rings, narrow streets and plazas across the nation. After running with Mouse, a breathless Julian Herroja said the bull is so dangerous that "if you make a mistake, he won't. You'll be a victim for sure." More than 30 journalists were on hand to cover the event in Sueca, population 28,000, near the beach destination of Valencia. Though Mouse will make one more appearance before the end of his season this year, he will run around the ring without runners. Mouse's owner now fends off as many as 60 cell phone calls daily from reporters. Facebook pages dedicated to him include comments from some people praising him for taking revenge against humans in a country where slews of bulls are slain every year in bullfights by matadors. But de Jesus is angry that Mouse has been nicknamed "Killer Bull," saying he gets blame for doing what comes naturally: Defending himself against perceived threats. "We go to entertain people so they'll have fun, but unfortunately they are fighting bulls, and there is always a percentage of risk," said de Jesus, 42, a former bull fighter who raises 70 specially bred bulls and 300 cows. The hype about Mouse has grown so much in Spain that de Jesus is forced to deny reports that the 11-year-old Mouse has killed as many as five runners during his career. But in addition to the 29-year-old victim Aug. 14 in the town of Xativa, he killed a 56-year-old man in 2006 and has seriously injured five more people over the years. Mouse got his name because no one ever expected him to turn into such a raging bull, de Jesus said. As a calf, he was tormented by several youths who broke into his pen and exhausted him almost to death. Then he was nearly fatally gored by another bull at de Jesus' ranch. Critics and bull run aficionados alike agree that security is lax at many small town bull runs, meaning almost anyone can participate — even if they're drunk, have taken drugs or aren't physically fit enough to sprint away from enraged bulls. Sueca's mayor beefed up security Sunday, and the extra contingent of police took away some suspected drunks during Mouse's run. After the bull's last deadly goring, Valencia's regional government announced plans to study how police can be given more authority to detain runners who shouldn't be in the ring, while stressing that the overall number of bull run injuries in the region where they run dropped to 486 in 2010 from 676 in 2008. Hector Benet, an insurance agent for the bull run industry, said the number of deaths each year in the region averages four, with dozens of serious injuries annually. While bulls in the runs aren't killed or bloodied like their counterparts in bullfights, animal rights groups say the events are a form of animal torture, with bulls terrified by the hundreds of people who taunt the animals by yelling at them, poking them with long sticks and tossing sand from the plaza at them. "Mouse is the proof that the bull runs are barbaric and medieval," said Leonardo Anselmi of PROU, the animal rights group whose signature-collecting campaign led to a bullfighting ban in Catalonia, which neighbors Valencia. "It's excessive and cruel violence. The culprits are the politicians who allow the bull runs." But after Catalonia banned bullfighting, politicians there put in protections for other bull-related traditions, including "correbous" — when metal rods with flaming balls of wax or fireworks are attached to bulls' horns before they are let loose to run around bull rings or plazas and chase people. It's all part of Spain's centuries-old fascination with bulls, with animals used in public as a test of bravery and part of the national identity. Spaniards also run with bulls in northern Pamplona every year, spear them to death from horseback in a town called Tordesillas and cordon off town squares to let children dodge feisty calves bred to become top-fighter bulls. Sueca's mayor, Salvador Campillo, was torn on whether to let Mouse perform in his small city after this year's fatal goring by the bull. In the end, he decided to go ahead because he's a bull run fan. "Raton is a bull that gives a great show, he never stops," Campillo said with a smile. The town's annual end of summer party also features an international paella cooking competition in place since 1961. The contest attracted chefs this year from top restaurants from Spain and France, plus one from Chicago. Campillo said de Jesus told him that the Sueca event would be Mouse's last real run before retirement, but de Jesus insisted he won't decide until next year whether Mouse will be put to pasture to breed "some little Mouses" with a chance of inheriting the bull's agility, aggression, intelligence and speed. Mouse's eventual retirement will probably prove lucrative for his owner, Campillo said, because cow owners who want mating privileges with the bull may have to pay as much as €3,000 ($4,145) for each use of his services.

Spain to bring back Patrimonial Tax

 

The Spanish Prime Minister, José Luis Rodríguez Zapatero, will bring back Patrimonial Tax at next Friday’s cabinet meeting, following a request to do so from the Socialist candidate for the November General Election, Alfredo Pérez-Rubalcaba. A Royal Decree will be used, and no new law will be needed to reactivate the tax, although the new tax will be modified so as not to affect the middle classes. However press reports indicate that Rubalcaba is not entirely happy with the tax which will result, although it is the only option which can be introduced so quickly. The new Socialist manifesto was to promise that Patrimonial Tax would become a state controlled and not regional tax as present. Even so Rubalcaba considers the re-introduction of the tax as ‘just’. It is expected to generate 1.4 billion €.

Spanish warship rescues French hostage from pirates

 

Troops from a Spanish warship stormed a pirate skiff in the Gulf of Aden Saturday and rescued a French hostage missing from her yacht but found no trace of her husband, the EU anti-piracy mission said. As a helicopter kept watch overhead, naval commandos in a fast launch fired on the skiff to disable its engine. The boat sank, but the hostage was rescued and seven pirates were arrested unharmed, the Spanish defence ministry said. "She was the only hostage on board the skiff. Her husband was not on board," EU naval spokesman Captain Paul Gelly told AFP, confirming the rescued hostage was Evelyne Colombo, wife and crewmate of missing sailor Christian Colombo. "She is safe and sound," he said, explaining that Colombo and the detained pirates are now on board the Spanish ship. A German warship, the FGS Bayern, found the couple's catamaran the Tribal Kat, adrift in waters off Yemen on Thursday. There was no-one on board and the EU Atalanta naval command launched an air and sea search for the attackers. French officials said there were signs of a struggle on board the yacht, which was towed to Djibouti to be studied by agents from the DGSE spy agency. "It was like searching for a needle in a haystack," Gelly said. "Our priority was to search for any vessel that might have been leaving the area and heading for the coast of Somalia." The French frigate Surcouf detected a suspect vessel and on Saturday the Spanish warship SPS Galicia chased it down. The Spanish defence ministry said when the skiff ignored an order to stop, the commander of the Galicia ordered his men to open fire. "At that time, it was discovered that they had a hostage on board, who was a woman," it said. "The amphibious ship proceeded to intercept the pirate vessel. The operation involved a helicopter and naval warfare team, who fired on the engine of the boat, to disable it." Christian Colombo is a former French navy crewman and the couple were experienced sailors who wanted to see the world and were passing through the Gulf of Aden en route for the Indian Ocean and eventually Thailand. "They knew they were taking a risk and everyone advised them not to go," a relative told AFP. One of the couple's daughters, Emilie, posted a message of concern on the blog they were keeping of their high seas adventure. "The last I heard from Christian was around a month ago. He was south of Egypt and heading for Malaysia," said the skipper's friend Gerard Navarin, who once helped him set a catamaran speed record off Toulon. The waters between Yemen and Somalia are notorious for attacks by pirate gangs, and French yachts have been among the vessels seized in the past. A second yacht went missing at around the same time as the Tribal Kat. Somali pirates frequently seize crew from merchant ships and pleasure craft in the dangerous waters off the conflict-ravaged Horn of Africa and have taken millions of dollars in ransom for their release. According to the watchdog Ecoterra, at least 50 vessels and at least 528 hostages are being held by Somali pirates, despite constant patrols by warships from several world powers. A French couple was kidnapped from a yacht in September 2008 as it headed through the Gulf of Aden. A ransom was paid, but French commandos later ambushed the pirates, killed one, captured six more and recovered the cash. In April 2009, another French yacht was seized. This time special forces troops intervened when the boat was still at sea. In the ensuing gunbattle a French bullet accidentally killed the hostage skipper. In addition, a French DGSE agent is thought to have been held hostage by Islamist militants in the Somali capital since July 2009

Spain scandalised as wealth of millionaire politicians is revealed

 

Spanish politician sparked public anger yesterday as he was shown to own 22 properties after the country's parliamentarians were forced to open their finances to scrutiny following a series of corruption scandals. The revelations – which saw the parliament's website crash when tens of thousands of people tried to view the figures – also showed at least eight others were euro millionaires, even before property was taken into consideration. Related articles Franco's minister quits Spanish politics, aged 89 Search the news archive for more stories News of the wealth of some of the country's representatives went down badly with many Spaniards, who have been repeatedly urged to tighten their belts in a country with the highest rates of unemployment in Europe. They are bracing themselves for austerity measures and according to a survey on the Spanish newspaper El Mundo's website, 60 per cent of those interviewed said they were "scandalised" by the average level of income. One of the richest MPs was revealed as Francisco Javier Gomez Darmedrail, from the Popular Party, which was voted out of power in 2004. According to El Mundo, Mr Darmedrail, who has connections to the construction industry, declared 22 different flats and houses in his 2010 tax return, including some apparently given as donations. One senator, Jose Luis Barreiro, had 17 properties, including a hotel on an archipelago in the Canary Islands. The leader of the communist-dominated United Left coalition, Gaspar Llamazares, had €303,058 in savings and investments and joint ownership of a flat, the figures showed. The figures revealed average savings of €163,000 and two properties per MP. Prime Minister Jose Luis Rodriguez Zapatero – who will not stand for re-election in November – held €34,925 in a joint account with his wife and three pension schemes worth just €3,463. Mariano Rajoy, the conservative likely to be the next prime minister, reports having nearly €600,000 in bank accounts and shares, plus properties in Madrid, the Canary Islands and his native Galicia. His Socialist opponent, Alfredo Perez Rubalcaba, reports having about €1m, a Madrid apartment, a parking place and no debts. The richest on paper was the former Socialist minister Mercedes Cabrera with more than €6m in investments, held jointly with her husband, a high-profile financial analyst. The financial declarations followed legislation passed in July to ensure that politicians had "glass wallets" following a series of scandals. They largely involved town hall corruption involving construction and illegal building permits.

Kicking in shop windows. Setting a police car on fire. Clashes with police. Tottenham? Hackney? Brixton? No. Lloret de Mar on the Costa Brava.

 

Kicking in shop windows. Setting a police car on fire. Clashes with police. Tottenham? Hackney? Brixton? No. Lloret de Mar on the Costa Brava. Last month police fired rubber bullets – but not at rioting Spaniards but at drunk foreigners. After two nights of riots that dragged on until the early hours, there were 20 injured, including nine police officers, and 20 arrests. Significantly – in a city of 40,000 with 25 discos, 261 bars and approximately a million tourists a year – all those detained were foreigners. Now, it’s only a small minority of Spanish resorts that have this problem with drunk foreigners and for every Lloret del Mar, there are hundreds of other resorts where peace reigns. But we have to remember that it was the British, after all, who created many of the bars and discos on the Costa Brava, not the Spanish. The exchange rates were low and everything was cheap. Freddy Laker organised cheap flights and Wallace Arnold cheap coach tours. In the late 60s, many hotels, bars, restaurants and nightclub/ discos were British-owned. The intention was to create a Blackpool with sunshine (and chip shops and … pubs). For decades it worked well but then, as in Blackpool, the clients changed. Spain, too, after the death of Franco. The Guardia Civil and local police lost some of their powers. Somehow the Spanish now need to strike a balance between tourism and civic order but the current economic climate makes that increasingly difficult. Binge drinking is definitely frowned upon and discouraged in the UK. But there’s a whole raft of British teenagers who leave what little common sense they have back at the airport and, when they touch down at some Spanish party town, immediately get blind drunk, in the belief they can get away with even more immoral/ anti-social behaviour abroad because ‘out of sight’ means ‘out of mind’. It’s these same people who get drunk on a Saturday night in English city-centres who go to Spain for longer and cheaper drinking hours. Some attribute this anti-social behaviour to a lack of discipline at all stages of a teenager’s development. British parents can’t smack young children, teachers can’t punish those who behave anti-socially and the UK police are tied up with human rights law. So, drunk teenagers believe they can carry on getting away with it. All of which could, unfortunately, go on longer than those DFS sales …