MARBS SUMMER PARTY CAPITAL

Monday, 18 June 2012

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 21-5 Million.

 

BUILDER                    Amels                                 LOA                 50.00m / 164’

 

YEAR                           2001                                   BEAM              9.00m / 29’1’’

 

FLAG                           Cayman Islands                DRAFT            3.10m / 10’

 

NAVAL ARCH           Terence Disdale                 SPEED             12 knots cruising

 

HULL                           Steel                                    ACCOM          12 guests

 

LYING                         Genoa                                 ENGINES       2 x 1,200hp Cummins

MALIBU is a 50m motor yacht delivered by the world renowned Amels Shipyard in Holland with an original interior design by Terence Disdale and a complete refit in 2006 including new interiors by Reymond Langton. The yacht was built to Lloyds +100 A1 SSC G6 LMC, MCA.

This yacht has to be seen to experience the exceptional level of quality craftsmanship onboard.

MALIBU’S placement of the tenders on the bow leaves every deck clear for enjoying a lifestyle oriented by the sea.  Alfresco dining options abound with cocktail tables on the main deck, and dining for 12 offered on both the bridge and sun decks.  The sun deck has a built in sun pad and bar.  For serious sun bathing, the forward area of the sun deck furnishes privacy, full sun and a sensational Jacuzzi.

  

 

MAIN CHARACTERISTICS

 

Type:                                                Displacement Hull

Builder:                                           Amels Shipyard (Holland)

Hull no.:                                          437

Naval Architect:                             Amels Shipyard (Holland)/ Terence Disdale

Interior Designer:                          Reymond Langton

Construction Year:                         2001

Refitted:                                          2006

Classification:                                Lloyds +100 A1 55C G6 LMC, MCA

Construction:                                  Welded Steel

Crew:                                               12

Flag:                                                 George Town – Cayman Islands

Engines:                                           2 x Cummins 1200 hp

Transmission:                                 2 x Reintjes WAF 541

GRT:                                                610 tons

 

 

DIMENSIONS

 

LOA                                                 50.00 m / 164’

Beam                                                9.00 m / 29’7”

Draft                                                3.10m / 10

 

 

SPEED & RANGE UNDER POWER

 

Maximum Speed (knots)              15 knots

Cruising Speed (knots)                 13 knots

Economical Speed (knots)            12 knots

Fuel Consumption                         448 litres per hour @ 15 knots 1800 rpm

                                                         370 litres per hour @ 13 knots, 1400 rpm

                                                         206 litres per hour @ 12 knots, 1400 rpm

Range                                              2955 nm @ 15 knots

                                                         3185 nm @ 13 knots

                                                         5016 nm @ 12 knots

 

 

CAPACITIES

 

Accommodation                             12 in 1 x Master, 2 x Double, 2 x Twin, 2 x Pullman

Crew                                                11-12 Crew members in 5 cabins + Captain

Fuel                                                  95,000 litres/25,096 US gallons

Fresh Water                                    17,400 litres/4,596 US gallons

Lube Oil                                          2,200 litres/581 US gallons

Dirty Oil                                         2,000 litres/528 US gallons

Grey/Black Water                          5,300 litres/1,400 US gallons

Waste Water                                   21,400 litres/5,653 US gallons

Jacuzzi                                            3,200 litres/845 US gallons

 

 

ACCOMMODATION

 

Master Stateroom

On Main Deck the full width owner’s stateroom with en-suite bathroom, private office and salon. It is awash in natural light streaming through floor-to-ceiling windows port and starboard.  Enhancing the suite’s contemporary style is the Reymond Langton designed furniture finished in high-gloss macassar ebony.

 

VIP Cabin

On Lower Deck 2 x VIP double cabins wit en-suite bathrooms accommodate 4 guests. The contemporary theme of the whole interior of the yacht is evident in these staterooms

 

Guest Staterooms

On Lower Deck 2 x Twin cabins with 2x Pullmans with en-suite shower accommodating up to 6 guests. The contemporary theme of the whole interior of the yacht is evident in these staterooms.

 

Captain’s Cabin

Captain’s double bedded cabin with shower on the upper deck aft of the wheelhouse.

 

Crew

The Crew are accommodated in 5 twin cabins with en suite shower rooms on the lower deck forward.

 

 

MECHANICAL EQUIPMENT

 

Engines                                           2 x Cummins 1200 hp @ 1,600rpm

Engine hours                                  Port: 8,301hrs; Starboard: 8,301hrs (Apr 2012)

Generators & Electricity              2 x 170 Kw Cummins @ 1500 rpm each

                                                         1 x 33kw Cummins @ 1500 rpm

Generator hours                            Port: 17,993 hours; Starboard: 18,326 hours (Apr 2012)

Electricity                                       380V volt/3-phase/50Hz

Stabilisers                                      1 x Vosper / Naiad, Zero Speed

Bowthruster                                   1 x HRP 200-60 Electric @ 140 hp

Air Conditioning                           1 x Heinman/Hopman 3 zones +chiller plant

Water Maker                                  2 x Idromar reverse osmosis

Fuel Centrifuge/Separator            1 x Alfa Laval MAB 103 B-24

Passerelle                                       1 x Electric Hydraulic AI 50

 

 

INTERIOR / GALLEY / LAUNDRY EQUIPMENT

 

Galley

1 x Lohberger Oven

1 x Lohberger grill

1 x Lohberger deep fryer

1 x Lohberger stove (4 x induction)

1 x foster Refrigerator

1 x foster freezer

1 x Scotsman AC 45 Icemaker

1 x Metro  Dishwasher

1 x miele microwave - oven

1 x Lohberger  Grill

1 x Foster Walk-ins on tank deck

 

Crew Quarters/Mess

1 x Panasonic combination oven Microwave

1 x Liebherr pro line Refrigerator

1 x GEC Domestic Dishwasher

3 x Miele Professional WS5425 Washing Machines

3 x Miele Professional T5205C Clothes Dryers

x Miele Rotating HM 21-100 Irons

 

 

NAVIGATION EQUIPMENT

 

Magnetic Compass                        1 x Cassens & Plath

Gyro Compass                               1 x C Plath Mk1

Automatic Pilot                              1 x C Plath Navi Pilot V hsc

Echo Sounder                                 1 x Furuno FCV 582 L

Radar                                              1 x Decca

Radar                                              1 x Furuno RCV 013

Transponder                                  1 x Furuno

DGPS                                              2 x Litton Marine

Charts                                             1 x Transas

Navtex                                            1 x ICS nav 5

AIS GPS                                         1 x Saab

Log                                                  1 x Seaplath Naviknot III

Wind Instruments                         1 x Walker P310

 

COMMUNICATION EQUIPMENT

 

SATCOM                                       1 x Sat TV Seatel

                                                         1 x Sat C Thrane & Thrane

                                                         1 x Sat Fleet 33

                                                         1 x Sat Fleet 77

                                                         1 x VSAT Seatel

VHF                                                2 x Sailor RT 4822

MF/HF                                             1 x Sailor HC 4500

Landline/Intercom                         1 x Panasonic System

Miscellaneous                               1 x Wi-Fi

 

 

DECK EQUIPMENT

 

1 x Anchor Windless System Steen

2 x Anchors 19-2-50

2 x Aft Capstans

1 x Marquipt Both, Port and Starboard

 

 

ENTERTAINMENT EQUIPMENT

 

Main Saloon

1 x Surround sound plasma television

2 x Denon DVD player

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

 

Sky lounge

1 x Surround sound plasma TV

1 x DVD Players

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

 

Sundeck

1 x CD player

1 x Marrantz amplifier

 

Master Stateroom

1 x Surround sound 50’’Plasma TV

1 x DVD Players

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

 

VIP Cabin

2 x 23’’HD

2 x DVD Players

2 x Denon amplifier

2 x Sat decoder

 

Guest Cabins

2 x 23’’HD

2 x DVD Players

2 x Denon amplifier

2 x Sat decoder

 

Crew & Captain’s Cabin

1 x 27” Plasma TVs

6 x 20” Plasma TVs

7 x DVD Players

2 x Sat decoders

 

General

1 x Crestron Multi Media System

1 x X-boxes in the guest suites for the kids on board

1 x LINN Audi throughout yacht

IPod docking stations throughout the yacht

 

 

OFFICE EQUIPMENT

 

PC/Printer:                                1 x Asus , 1x Canon

Fax/Copier:                               1 x Panasonic

Monitors:                                  1 x Samsung

 

 

TENDERS & WATERSPORTS EQUIPMENT

 

Tenders

1 x Custom 22ft. Tender with FNM HTLP 250 hp

1 x Novurania 22ft. 660XL Equator with 250 hp Yanmar

1 x Rescue tender Canguro 420 gs

 

Water Sports

1 x Yamaha Waverunner XL700

1 x Yamaha Jet Ski SL 700A

Snorkel gear & fishing gear, water skis, towable toys

 

Diving Compressor

1 x BAUER

 

Crane

1 x 2000 kg Yacht Tec JA01001

1 x 2000 kg Yacht Tec JA00379

 

 

SECURITY & SAFETY EQUIPMENT

 

1 x Panasonic closed circuit television (CCTV) system with

4x Cameras and motion detectors (main deck) + 4 cameras in the engine room

3 x CCTV Monitor screens in wheelhouse, crew mess room and engine room

4 x Door alarms: stern /aft escape, engine room escape, fire escape.

44 x Fire / heat / smoke detectors throughout yacht

2 x Fixed C) 2 Systems locates in Engine room and Galley

28 x Fire extinguishers in all places necessary

 

 

COMMENTS

 

MALIBU is a 50m motor yacht delivered by the world renowned Amels Shipyard in Holland with an original interior design by Terence Disdale and a complete refit in 2006 including new interiors by Reymond Langton. The yacht was built to Lloyds +100 A1 SSC G6 LMC, MCA.

This yacht has to be seen to experience the exceptional level of quality craftsmanship onboard.

MALIBU’S placement of the tenders on the bow leaves every deck clear for enjoying a lifestyle oriented by the sea.  Alfresco dining options abound with cocktail tables on the main deck, and dining for 12 offered on both the bridge and sun decks.  The sun deck has a built in sun pad and bar.  For serious sun bathing, the forward area of the sun deck furnishes privacy, full sun and a sensational Jacuzzi.

 

 

 

 

 


 

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Text Box: BUILDER	Feadship	LOA	55.50m / 182’1’’  YEAR	 2005/2009	 BEAM	 10.40m /32’9’’  FLAG	 Cayman Islands	 DRAFT	 3.23m / 10’4’’  EXT DESIGN	 De Voogt	 SPEED	 13 knots cruising  HULL	 Steel	 ACCOM	 10 guests in 5 cabins  LYING	 Imperia, Italy	 ENGINES	 2 x 1,520 HP CAT

 

 

 

PRICE: EUR 44,950,000

 

 

MAIN CHARACTERISTICS

Type                                          Full Displacement Motor Yacht

Hull                                   669

Builder                                      Feadship  De Vries Design                                       Todhunter EarlNaval Architect                         De Voogt

Exterior Design                         De Voogt

Interior Design                          Redman Whitely Dixon, Todhunter Earle

Year                                           2005

Refit                                           2009

Classification                            Lloyd´s 100A1 SSC YachtLMC UMMCA compliant

Construction                             Steel Hull & Aluminium Superstructure

Crew                                          14

Flag                                            Cayman IslandEngines                                      2 x 1,520 Hp CAGRT                                           782 tons

Net Tons                                   234 tons

Displacement                            800 tons

 

DIMENSIONS

LOA                                           55.50m / 1821’ LWL                                           49.10m/1611’ BEAM                                        10.40m /329DRAFT                                      3.23m / 104

 

SPEED & RANGE UNDER POWER

 

Maximum Speed                      14.5 knots

Cruising Speed                         12.5 knots

Fuel Consumption                    520 litres @ 15.5 knots

350 litres @ 13.5 knots

220 litres @ 12.5 knots

Range                                        4,500 nm @ Ec Speed

3,500 nm @ Max Speed

CAPACITIES


9

Accommodation                        10 x Guests in 5 cabins

Crew                                          14 x Crew in 6 cabins

3 x Double, 2 x Double with PullmanFuel                                            99,880 litres / 26,386 US gallons FreshWater                               24,160 litres / 6,382 US gallons

 

ACCOMMODATION

Guests Accommodation

1 x Master cabin

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Monday, 4 June 2012

The Duke of Edinburgh has been taken to hospital with a bladder infection and will miss the rest of the Diamond Jubilee celebrations. Buckingham Palace said Prince Philip, 90, had been taken to the King Edward VII Hospital in London from Windsor Castle as a "precautionary measure". The Queen is still expected to join 12,000 others at the Jubilee concert which is under way at the palace. The prince will remain in hospital under observation for a few days. The prince had appeared to be in good health when he accompanied the Queen on Sunday on the royal barge the Spirit of Chartwell, which formed part of the rain-drenched Jubilee river pageant. He and the Queen stood for most of the 80-minute journey, as they were accompanied by 1,000 boats travelling seven miles down the river to Tower Bridge.

Luka Rocco Magnotta was arrested in Berlin Monday after a four-day international manhunt that spanned three countries. The 29-year-old Canadian wanted over a horrific Montreal ice pick murder and decapitation of a Chinese student that he allegedly filmed and posted to the Internet, was arrested in or near an Internet cafe, Berlin police said. Montreal police confirmed they are aware of the reports that Magnotta was arrested, but said they are still in the process of contacting their Berlin counterparts. The arrest comes after French authorities said they were investigating a tip that Magnotta travelled from Paris to Berlin via bus on the weekend. “Somebody recognized him and (then) all the police recognized him,” Berlin police spokesperson Stefan Redlich told CP24 Monday. Handout (Click to enlarge) Magnotta's alleged victim is Lin Jun, a 33-year-old Concordia University student from Wuhan, Hubei, China. He was last seen on May 24, police said, and reported missing on May 29. Redlich said police were called in by a civilian who spotted Magnotta and he was arrested after police asked for his identification at about 2:00 p.m. local time in Berlin. Reuters is reporting it was an employee of the cafe, Kadir Anlayisli, that recognized Magnotta. The cafe is on Karl Marx Strasse, a busy shopping street filled with Turkish and Lebanese shops and cafes in the Neukoelln district of Berlin. German television quoted the owner of the cafe saying Magnotta was surfing the Internet for about an hour before his arrest. Redlich said Magnotta has been taken into custody without incident and will go in front of a judge Tuesday. Canadian officials are expected to start the extradition process for Magnotta in the near future.

Thursday, 31 May 2012

US benchmark borrowing costs plunged to levels last seen in 1946 and those for Germany and the UK hit all-time lows as investors took fright at what they see as a disjointed policy response to the debt crisis in Spain and Italy. In a striking sign of the flight to haven assets, German two-year bond yields fell to zero for the first time, below the equivalent rate for Japan, meaning investors are willing to lend to Berlin for no return. US 10-year yields fell as low as 1.62 per cent, a level last reached in March 1946, according to Global Financial Data. German benchmark yields reached 1.26 per cent while Denmark's came close to breaching the 1 per cent level, hitting 1.09 per cent. UK rates fell to 1.64 per cent, the lowest since records for benchmark borrowing costs began in 1703. "They are extreme levels because we are in an extremely perilous situation. People just want to put their money somewhere where they think they will get it back. People may soon be paying Germany or the US to look after their money," said Gary Jenkins, head of Swordfish Research, an independent credit analysis company. The flight to safety came as the situation in Italy and Spain, the eurozone's third- and fourth-largest economies, deteriorated further. Italy held a disappointing debt auction and saw its benchmark borrowing costs rise above 6 per cent for the first time since January. The euro fell 0.8 per cent against the dollar to under $1.24 for the first time in two years. Confusion over how the Spanish government's rescue of Bankia, the stricken lender, will be structured led the premium Madrid pays over Berlin to borrow to hit fresh highs for the euro era at 540 basis points. Analysts said the elevated level meant that clearing houses could soon raise the amount of margin, or collateral, that traders need to post against Spanish debt, a move that led to the escalation of crises in Portugal and Ireland. The European Central Bank has made clear to Spain that it cannot use the bank's liquidity operations as part of a recapitalision of Bankia. However, the central bank said on Wednesday it had not been officially consulted on the plans. Equity markets globally fell on the eurozone fears with bourses in Paris, Frankfurt and London all dropping 2 per cent. But Nick Gartside, international chief investment officer for JPMorgan Asset Management, noted that while US bond yields had halved since April last year the S&P 500 equity market was at the same level. "One of those two markets is mispriced. Core government bonds are an efficient market and they are ahead," he added. Investors said borrowing costs for the US, UK and Germany were likely to continue to fall amid a worsening economic backdrop and the threat of more central bank intervention. Wealth managers have been moving client assets into currency havens in recent weeks, with the Swiss franc and the US dollar among the biggest beneficiaries "Risk aversion, a rapidly slowing global economy and unusually low policy rates will pin these short and intermediate maturity bonds at unprecedented low levels for quite a while," said Mohamed El-Erian, chief executive of Pimco, one of the world's largest bond investors. Mr Gartside said he could easily see German rates going below 1 per cent, following a path that only Japan and Switzerland have taken among major economies, while the US and UK could dip under 1.5 per cent. Markets are increasingly resigned to more turmoil until policy makers take more radical action. The two most popular plans of action for investors are for the ECB to buy Spanish and Italian bonds in unlimited size or for eurozone countries to agree on a fiscal union involving the pooling of debt. "You have to throw everything at it. Spain is just too big for half measures. The next intervention has to be not just massive in size but it has to show a total commitment," said Mr Jenkins. He recommends that the ECB set targets either for the premium Spain and Italy pay to borrow over Germany or for their yields.

Property prices in the capital’s most sought-after postcodes have been driven up by investors moving funds out of assets held in euros to buy into what is seen as a “safe haven” alternative. Foreign money seeking a refuge from the wider economic turmoil accounted for 60pc of acquisitions of prime central London property between 2007 and 2011, according to a report by Fathom Consulting for Development Securities. If the shared currency broke up completely, London property would initially be boosted by the continued flight towards a safe haven, the report predicts. But, once the break-up had taken place, demand for these assets as an insurance against this event would start to ebb. “Although fears about a messy end to the euro debt crisis may account for much of the gain in prime central London (PCL) prices that has taken place over the past two years, we find that a break-up of the single currency area is also the single greatest threat to PCL,” said researchers.

Saturday, 26 May 2012

 

It was sundowner time at the Cantina tapas bar in the picturesque village of Frigiliana, a few miles inland from the Costa del Sol town of Nerja. Inside, local men were watching bullfighting on television and smoking cigars in quiet contravention of the smoking ban. Outside, expatriate Britons were discussing the vagaries of living in Spain while downing glasses of tinto de verano, the popular summer drink of red wine and lemonade. Mark Jones, who runs his own gardening and pool maintenance company, had spent two days queuing at the local municipal office to renew his residence permit. "I got there at 9am on the first day and my number was 26; by lunchtime they were only up to number 6 and they close at 2pm," he complained. "You have to renew every bit of paper here every few years but I can't afford two days off to queue in an office. There are no staff now because of the cuts, so it all takes longer. It's like everywhere – as soon as the recession hits, it's the immigrants who cop it worst."  Conversation turned to a local couple, who are desperate to leave Spain but who can't because their house is still unsold after four years on the market - despite dropping the asking price from €1 million to €750,000. In 1992 the BBC spent millions of pounds launching an ill-fated soap opera, Eldorado, following the fortunes of British expats on the Costa del Sol. The project flopped and was cancelled a year later. Now, 20 years later, the real-life diaspora is experiencing an equally disastrous end to its Iberian dream. Times are desperate in Spain. More than a million people took the streets earlier this month to protest at budget cuts, 24 per cent unemployment and the rising cost of living. The price of milk and bread has risen by 48 per cent during the last year, according to a recent study, and of potatoes by 116 per cent. Electricity bills are up 11 per cent while property prices are in free fall; they have declined for 15 consecutive quarters and are 41 per cent lower than in 2006. Several of its banks are faltering: this weekend Spain's government is preparing to pump a further €19 billion into Bankia, the country's fourth-largest lender, in the biggest single bank bailout in the country's history. Trading in the bank's shares was suspended on Friday until negotiations over the rescue were complete. Santander, Europe's largest bank, was among 11 Spanish financial institutions to be downgraded by the credit rating agency Standard and Poor earlier this month; and there's no sign of anything like economic recovery on the horizon. Expats are finding life hard in a country where they once basked in a cheaper way of life. Around one million Britons spend part or all of the year in Spain, but thousands are now returning home – and more want to, but say they can't afford to because their property is no longer worth what they paid for it. For the first time since 1998, Spain recorded a drop in foreign residents last year, according to newly released figures. With its narrow cobbled streets, whitewashed houses and children riding horses down the main road, Frigiliana lives up to most tourists' idea of an authentic Spanish village. But appearances can be deceptive. Out of its 3,000-strong population, 1,280 are foreign nationals including 700 Britons, making the village one of the most expat-dominated in Spain. The school advertises itself as bilingual. The British population is so large that the local council pays Kevin Wright, a former travel rep from Leicestershire who has lived in Spain for more than 20 years, to run a "foreigners' department". He helps expats deal with everything from local business permits to burst pipes and land disputes with neighbours, and has noticed changes since the eurozone crisis began. "Before, I was getting 10 newbies a week moving here from the UK; now I get one," he said. "Some Brits have lived here for 20 years but now families move out here then six, eight months later pack up and go back because they can't find work, or didn't realise what the cost of living would be." Mr Wright says many Britons fail to learn Spanish or to assimilate, so that the community becomes dependent on itself – to its cost. "People think they can set themselves up doing business to other Brits, like finance or house sales and rentals, or pool maintenance, gardening and cleaning. "But the property market isn't there any more and people have cut back and do their own maintenance, so there's less work." In desperate economic times, the expat community is increasingly vulnerable to financial trickery. "The worst people for scamming you are other Brits," said Gary Smith, a builder, who emigrated two years ago. "You trust them more but they just take your money for an investment and you never see a penny." Elderly residents are particularly vulnerable. The exchange rate - still far less favourable than five years ago - has meant British pensions and other income in sterling do not stretch as far as they once did. Julia Hilling moved from the UK to Fuengirola, along the coast from Frigiliana, 20 years ago with her husband. They bought a spacious, three-bedroomed apartment with two balcony patios in an upmarket area, overlooking the town's castle. Six years ago, Mrs Hilling, by then a widow aged 83, was persuaded by an independent financial adviser to take out a full mortgage on the apartment. She was told the equity raised would be invested, risk-free, to provide an income, while the mortgage would help offset Spain's 34 per cent inheritance tax when she died. Now 89, Mrs Hilling has never seen any return on her money, owes more than €300,000 to Rothschild Bank on the mortgage and relies on handouts from her children to stay in Spain. "It's devastating," she said. "The man was British, very charming, and said there was no risk. My children said 'Mummy, please don't do this', but I needed the extra income. Now I'm fighting for my life and my home." She is one of more than 100 mainly elderly British expats who have banded together in a Spanish court action to have their mortgages voided, arguing they were mis-sold. Rothschild and several Scandinavian banks also named in the legal action claim the financial advisers are to blame; and the advisers, who are not regulated in Spain as they are in Britain, insist the risk was mentioned in the small print. In a country fighting for its own survival, Spanish politicians are not unduly concerned with the plight of British residents, particularly when many are retired so do not actively contribute to the national economy. Spain's government is currently involved in a dispute with Britain over extent of free health care for Britons under EU law and there are moves to force them to pay 10 per cent of their prescription costs. But for some, returning home remains unthinkable. Former fitness instructor and gym owner Jo Morrison, 49, moved to Spain from London with her partner Lloyd 11 years ago. In 2008 she sold her house in Putney so she could open a gym in Nerja but the project failed after her business partner pulled out, and then the global financial crisis erupted. She now works as a cleaner while renting a one-bedroom home. "Sometimes we've gone without food and I still can't believe that I don't have my house or any savings any more," she said. "But Spain is my home now. I'd rather sleep on the beach than go back to the UK."

Sunday, 20 May 2012

Three people have been killed in a 5.9-magnitude earthquake that struck northern Italy near Bologna, according to reports. The quake that struck at just after 4am local time was centred 21.75 miles north-northwest of Bologna at a relatively shallow depth of six miles, the US Geological Survey said. Italian news agency Ansa, citing emergency services, said two people were killed in Sant'Agostino di Ferrara when a ceramics factory collapsed. Another person was killed in Ponte Rodoni do Bondeno. In late January, A 5.4-magnitude quake shook northern Italy. Some office buildings in Milan were evacuated as a precaution and there were scattered reports of falling masonry and cracks in buildings. The tremor was one of the strongest to shake the region, seismologists said. Initial television footage indicated that older buildings had suffered damage. Roofs collapsed, church towers showed cracks and the bricks of some stone walls tumbled into the street during the quake. As dawn broke over the region, residents milled about the streets inspecting the damage. Italy's Sky TG24 showed images of the collapsed ceramics factory in Sant'Agostino di Ferrara where the two workers were reportedly killed. The structure, which appeared to be a hangar of sorts, had twisted metal supports jutting out at odd angles amid the mangled collapsed roof. The quake “was a strong one, and it lasted quite a long time”, said Emilio Bianco, receptionist at Modena's Canalgrande hotel, housed in an ornate 18th century palazzo. The hotel suffered no damage and Modena itself was spared, but guests spilled into the streets as soon as the quake hit, he said. Many people were still awake in the town since it was a “white night”, with shops and restaurants open all night. Museums were supposed to have remained open as well but closed following the bombing of a school in southern Italy that killed one person. The quake epicentre was between the towns of Finale Emilia, San Felice sul Panaro and Sermide, but was felt as far away as Tuscany and northern Alto Adige. The initial quake was followed about an hour later by a 5.1-magnitude aftershock, USGS said. And it was preceded by a 4.1-magnitude tremor. In late January, a 5.4-magnitude quake shook northern Italy. Some office buildings in Milan were evacuated as a precaution and there were scattered reports of falling masonry and cracks in buildings. In 2009, a devastating tremor killed more than 300 people in the central city of L'Aquila.

Thursday, 17 May 2012

BRITAIN yesterday piled pressure on German Chancellor Angela Merkel to save the euro. 6 comments Related Stories PM: Make or break for euro HE to issue plea to Merkel to fork out as only way to stave off meltdown New French Pres gets a soakingFrench warning for CameronSarky poll malarky will leave PM narky David Cameron and Chancellor George Osborne said she must use her financial clout to stop the single currency collapsing. The PM hammered the message home in emergency talks via video-link with Mrs Merkel and French president Francois Hollande. It came as the chaos in Greece spread to Spain — with fears of a run on banks in both countries. Greeks have taken £560million from local banks in the past week. And yesterday Spain’s Bankia bank was forced to deny reports customers had taken £800million out of its coffers in the past seven days. Last night the fears hit Santander UK as credit rating agency Moody’s downgraded the bank along with its Spanish owner and 15 other Spanish banks. And credit agency Fitch downgraded Greece on fears it will be booted out of the Eurozone. Earlier, Mr Osborne said the Treasury had drawn up emergency plans to cope with Greece quitting the euro. He told MPs: “Britain will be prepared for whatever comes.” Mr Cameron had warned countries such as Greece and Spain can only survive if richer countries did more to “share the burden of adjustment”. He also backed Eurobonds to raise billions to prop up crisis-hit countries — a proposal that would have to be bankrolled by Berlin. After the video chat, a Downing Street spokesman said the PM urged the eurozone to take “decisive action to ensure financial stability and prevent contagion”.

In a sweeping reassessment, ratings agency Moody’s announced in Madrid that it is downgrading 16 Spanish banks because it could not be sure of the ability of the country’s government to provide the necessary support.

Santander UK was among the banks highlighted after the ratings agency took aim at its parent Banco Santander, based in Spain. 

The Spanish banking crisis has hit the British high street, with the news that Santander has had its credit rating cut

The Spanish banking crisis has hit the British high street, with the news that Santander has had its credit rating cut

Santander is one of the biggest players in UK retail banking, having taken over the former Abbey National, Alliance & Leicester, Bradford & Bingley and most recently the English branches of the Royal Bank of Scotland.

The new lower A2 credit rating is certain to be a cause of anxiety to Santander UK’s millions of British customers. 

Nevertheless, they can be confident that their deposits up to £85,000 are guaranteed by the British government should there be a loss of confidence.



Sunday, 6 May 2012

The Brink’s-Mat curse even touched on the Great Train Robbery gang of 1963. One of them, Charlie Wilson, found himself in trouble when £3 million of Brink’s-Mat investors’ money went missing in a drug deal. In April 1990, he paid the price when a young British hood knocked on the front door of his hacienda north of Marbella and shot Wilson and his pet husky dog before coolly riding off down the hill on a yellow bicycle.

Saturday, 5 May 2012

23 year old British tourist has fallen to her death from the third floor balcony of her hotel in Magalluf, Mallorca. Emergency sources said it happened at 4.25am Saturday morning at the Hotel Teix in Calle Pinada. Local police and emergency health services went to scene. After 20 minutes of an attempt to re-animate her heart, the woman was pronounced dead. Online descriptions for the Hotel say it is the best place to stay of you are looking for non-stop partying, adding it not suitable for families.

Friday, 4 May 2012

At night, the streets leading to Omonoia Square are empty. That wasn't always the case. The area was the premier multicultural neighborhood of Athens and one of the first quarters to be gentrified. Jazz bars and Indian restaurants lined the streets, separated by the occasional rooms-by-the-hour hotel. It was a quarter full of immigrants, drug addicts and African prostitutes, but also of journalists, ambitious young artists and teenagers from private schools. Today, the immigrants stay home once night falls. They are afraid of groups belonging to the "angry citizens," a kind of militia that beats up foreigners and claims to help the elderly withdraw money from cash machines without being robbed. Such groups are the product of an initiative started by the neo-Nazi Chrysi Avgi -- Golden Dawn -- the party which has perpetrated pogroms in Agios Panteleimon, another Athens neighborhood with a large immigrant population. There are now three outwardly xenophobic parties in Greece. According to recent surveys, together they could garner up to 20 percent of the vote in elections on Sunday: the anti-Semitic party LAOS stands to win 4 percent; the nationalist party Independent Greeks -- a splinter group of the conservative Nea Dimokratia party -- is forecast to win 11 percent; and the right extremists of Golden Dawn could end up with between 5 and 7 percent. My name is Xenia, the hospitable. Greece itself should really be called Xenia: Tourism, emigration and immigration are important elements of our history. But hospitality is no longer a priority in our country, a fact which the ugly presence of Golden Dawn makes clear. A Personal Attack Shaved heads, military uniforms, Nazi chants, Hitler greetings: How should a Greek journalist deal with such people? Should one just ignore them and leave them unmentioned? Should one denounce them and demand that they be banned? One shouldn't forget that they are violent and have perpetrated several attacks against foreigners and leftists. I thought long and hard about how to write about Golden Dawn so that my article was in no way beneficial to the party. On April 12, the daily Kathimerini ran my story under the headline "Banality of Evil." In the piece, I carefully explained why it was impossible to carry on a dialogue with such people and why I thought the neo-Nazi party should disappear from media coverage and be banned. Five days later, an anonymous reply to my article appeared on the Golden Dawn website. It was a 2,500-word-long personal attack in which the fascists recounted my entire career, mocked my alleged foreign roots (I was born in Hamburg) and even, for no apparent reason, mentioned my 13-year-old daughter. The unnamed authors indirectly threatened me as well: "To put it in the mother tongue of foreign Xenia: 'Kommt Zeit, kommt Rat, kommt Attentat!'" In other words, watch your back. Most Greeks believe that Golden Dawn has connections to both the police and to the country's secret service. Nevertheless, I went to the authorities to ask what I should do. I was told that I should be careful. They told me that party thugs could harass me, beat me or terrorize me over the phone. It would be better, they said, if I stopped writing about them. If I wished to react to the threats, they suggested I file a complaint against Golden Dawn's service provider. That, however, would be difficult given that the domain is based somewhere in the United States. Like Weimar Germany A friend told me that I should avoid wearing headphones on the street so that I can hear what is going on around me. My daughter now has nightmares about being confronted by members of Golden Dawn. Three of her classmates belong to the party. The three boys have posted pictures of party events on their Facebook pages. For their profile image, they have chosen the ancient Greek Meandros symbol, which, in the red-on-black manifestation used by Golden Dawn, resembles a swastika. The group's slogans include "Foreigners Out!" and "The Garbage Should Leave the Country!" The fact that immigration has become such an issue in the worst year of the ongoing economic crisis in the country can be blamed on the two parties in government. The Socialist PASOK and the conservative Nea Dimokratia (New Democracy, or ND) are running xenophobic campaigns. ND has said it intends to repeal a law which grants Greek citizenship to children born in Greece to immigrant parents. And cabinet member Michalis Chrysochoidis, of PASOK, has announced "clean up operations" whereby illegal immigrants are to be rounded up in encampments and then deported. When he recently took a stroll through the center of Athens to collect accolades for his commitment to the cause, some called out to him: "Golden Dawn has cleaned up Athens!" Yet, Chrysochoidis is the best loved PASOK politician in his Athens district, in part because of his xenophobic sentiments. His party comrade, Health Minister Andreas Loverdos, is just as popular. Loverdos has warned Greek men not to sleep with foreign prostitutes for fear of contracting HIV and thus endangering the Greek family. High unemployment of roughly 22 percent, a lack of hope, a tendency toward violence and the search for scapegoats: Analyses in the Greek press compare today's Greece with Germany at the end of the Weimar Republic. "We didn't know," said many Germans when confronted with the truth of the Holocaust after Nazi rule came to an end. After elections on May 6, no Greeks should be able to make the same claim.

Thursday, 3 May 2012

Reality TV is, at its core, about letting viewers revel in the bad decision-making of others: those who speak without thinking, who backstab, who have sex without condoms, who cheat. Frustratingly, though, reality shows—to which I am unapologetically addicted—tend to reward bad behavior, by giving its villains notoriety, spinoffs, opportunities to endorse weight-loss products, a nice sideline in paid interviews with supermarket tabloids, and other D-list rewards.

Locked Up Abroad is different. The National Geographic show, the sixth season of which premiered last week, gives its stars something they wouldn’t get on other reality shows: their comeuppance.

Having debuted in the U.K. (under the title Banged Up Abroad), Locked Up Abroad showcases one person (sometimes a couple) who ends up in prison overseas. Participants fit into one of two categories. The first group are the (largely) innocent: the married missionary couple who were kidnapped in the Philippines by the Islamist group Abu Sayyaf, for instance, or the seemingly goodhearted duo who wanted to help children in Chechnya, but ended up held hostage. These tales of the altruistic and naive can be difficult to watch.

But then there are those who rather deserve what happens to them. Typically these are drug smugglers, and their episodes follow a familiar arc. A young person—they’re almost always young—is bored or in need of cash (usually both). She is desperate or feels invincible (usually both). Someone approaches her and offers a seemingly great deal: an all-expenses-paid, luxurious overseas trip in exchange for a small favor. Sometimes the would-be employer is upfront and admits he needs a drug mule, but downplays the risk; other times, he hints at harmless-sounding illegalities, like bringing back legal goods to beat the export tax. In a few cases, the cover story is painfully thin: Come with me to check out this cool new nail polish technology only available in Thailand, for example. (That woman was in a vulnerable place: She had just been released on bail after killing her partner’s former husband—in self-defense, she claimed.)

The drug smugglers are caught, of course, usually at the airport, and brought to prison. And while a few episodes have taken place in developed countries—Spain, Japan, South Korea—the majority of our anti-heroes end up incarcerated in places with some of the dirtiest and most dangerous penitentiaries in the world.

Take last week’s episode, “From Hollywood to Hell.” (And pardon my spoilers, but this installment is too good not to describe in detail.) In 2001, actor Erik Aude was living the marginal Hollywood dream. An ür-bro, he had played bit parts in Dude, Where’s My Car?(credited as “Musclehead”) and 7th Heaven (“Boyfriend”) when a gym buddy asked him to go to Turkey to bring back “leather goods.” Aude makes the trip, and though a drug-sniffing dog alerts authorities at the Turkish airport, they find nothing—so Aude feels sure the whole thing is legit. He even recommends that one of his brothers start couriering for his friend. Then, when his brother backs out of a planned trip to Pakistan in 2002, Aude steps in, and shit gets real.

It is difficult to feel sorry for Aude. After his escort dumps him in an Islamabad hotel and warns him not to leave because the area is unsafe for Americans, he doesn’t head to the embassy or the airport. Instead, he goes jogging—and even tries to flirt with girls in headscarves on the street (with disastrous results). And when he is taken to the airport with just one suitcase, he is (he claims) not the least bit suspicious that he might be a drug mule. When a customs official asks him whether his trip was for business or pleasure, he cheeses, “Pleasure is my business.”

Aude’s episode is mind-bogglingly watchable, not least because he—of course!—plays himself in the re-enactment. In his telling, he was a virtual action star: On at least three occasions, he single-handedly fights back dozens of Pakistanis. After he takes out a prison bully, he is hailed a hero. He rejects a reduced sentence because it would require him to plead guilty—and his pride is more valuable than his freedom, he says.

Aside from those truly in the wrong place at the wrong time, the most sympathetic characters of Locked Up Abroad may be the embassy employees called in to assist the suspected smugglers. Inevitably, Locked Up Abroad participants are horrified that the embassies of their homelands—usually English-speaking countries like the U.S., the U.K., or Australia—can’t do more for them. I can just imagine U.S. Embassy workers calling “not it” every time they get word from local authorities about some young American knucklehead who thought he could sneak past security with a bag full of cocaine.

Tonight’s episode is called “The Juggler Smuggler,” and its “hero” is Mark Greening, a “party-loving” drug-runner who knows his latest trip is “doomed” when he doesn’t get his fortune told by “his favorite Gypsy woman.” I can’t wait.

Low fare carrier bmibaby is set to close later this year, threatening the loss of hundreds of jobs and the ending of its flights. The carrier transferred to International Airlines Group, the owners of British Airways, last month, but consultations have now started with unions about its closure in September. The GMB union said it was "devastating" news, especially for the East Midlands, where hundreds of jobs are now threatened with the axe. With bmi Regional, bmibaby transferred to International Airlines Group ownership on completion of the purchase from Lufthansa. IAG has consistently said that bmibaby and bmi Regional are not part of its long-term plans. A statement said: "Progress has been made with a potential buyer for bmi Regional, but so far this has not been possible for bmibaby, despite attempts over many months by both Lufthansa and IAG. Bmibaby has therefore started consultation to look at future options including, subject to that consultation, a proposal to close in September this year." Peter Simpson, bmi interim managing director, said: "We recognise that these are unsettling times for bmibaby employees, who have worked tirelessly during a long period of uncertainty. Bmibaby has delivered high levels of operational performance and customer service, but has continued to struggle financially, losing more than £100 million in the last four years. In the consultation process, we will need to be realistic about our options. "To help stem losses as quickly as possible and as a preliminary measure, we will be making reductions to bmibaby's flying programme from June. We sincerely apologise to all customers affected and will be providing full refunds and doing all we can with other airlines to mitigate the impact of these changes." Jim McAuslan, general secretary of the pilots' union Balpa, said: "This is bad news for jobs. Bmibaby pilots are disappointed and frustrated that, even though there appears to be potential buyers, we are prevented from speaking with them to explore how we can contribute to developing a successful business plan. "The frustration has now turned to anger following the news that Flybe (which is part owned by BA) has moved onto many of these bmibaby routes without any opportunity for staff to look at options and alternatives. Balpa's priority is to protect jobs; and we will use whatever means we can to do so." The changes mean that all bmibaby flights to and from Belfast will cease from June 11, although this will not affect bmi mainline's services to London Heathrow. Bmibaby services from East Midlands to Amsterdam, Paris, Geneva, Nice, Edinburgh, Glasgow and Newquay, and from Birmingham to Knock and Amsterdam, will end on the same date.

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