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Tuesday 28 February 2012

Barclays Bank told by Treasury to pay £500m avoided tax

 

Barclays Bank has been ordered by the Treasury to pay half-a-billion pounds in tax which it had tried to avoid. Barclays was accused by HM Revenue and Customs of designing and using two schemes that were intended to avoid substantial amounts of tax. The government has taken the unusual step of introducing retrospective legislation to end such "aggressive tax avoidance" by financial institutions. Tax rules forced the bank to tell the authorities about its plans. The government has closed the schemes to retrieve £500m of lost tax and safeguard payments of billions of more tax in the future. BBC business editor Robert Peston has been told by Barclays that it is surprised by HMRC's reaction to the two schemes, which it believed to be in line with those used by other banks. Our business editor says it is highly embarrassing for Barclays, because Britain's big banks have all signed a code committing them not to engage in tax avoidance. However, he adds that Barclays may end up paying no more than £150m of additional tax. 'Decision justified' Announcing the crackdown, Exchequer Secretary to the Treasury, David Gauke, said the bank should never have devised the schemes in the first place. Continue reading the main story “ Start Quote All Britain's big banks have signed a code committing them not to engage in tax avoidance” Robert Peston Business editor Read Robert Peston's blog "The bank that disclosed these schemes to HM Revenue & Customs (HMRC) has adopted the Banking Code of Practice on Taxation which contains a commitment not to engage in tax avoidance," he said. "The government is clear that these are not transactions that a bank that has adopted the code should be undertaking. "We do not take today's action lightly, but the potential tax loss from this scheme and the history of previous abuse in this area mean that this is a circumstance where the decision to change the law with full retrospective effect is justified." One tax scheme involved Barclays claiming it should not have to pay corporation tax on profits made when buying back its own IOUs. The second tax avoidance scheme, also designed by Barclays, involved investment funds claiming that non-taxable income entitled the funds to tax credits that could be reclaimed from HMRC. The Treasury described this as "an attempt to secure 'repayment' from the Exchequer of tax that has not been paid". Forced disclosure A Treasury source suggested that outlawing the tax schemes immediately would save the government a further £2bn in tax that would otherwise have been foregone. Continue reading the main story “ Start Quote Banks are simply not going to be able to get away with it” David Gauke Exchequer Secretary to the Treasury Barclays disclosed the two schemes to the tax authorities under rules which have been in place since 2004. Anyone, such as a bank, accountant, lawyer or tax adviser, who devises a seemingly legal tax avoidance plan, is obliged to tell the tax authorities about it within a few days of using it or marketing it to clients. More than 2,000 schemes have been disclosed in the past eight years. Mr Gauke told BBC Radio 4's Today programme that the experience of Barclays showed that the system of compulsory disclosure for legal tax avoidance schemes was working. "They have got caught, they disclosed this information, the HMRC has acted very quickly, there will be no benefit to the bank, they are clearly taking a substantial reputational hit and we have demonstrated that banks are simply not going to be able to get away with it," he said. John Whiting, of the Chartered Institute of Taxation (CIOT), said: "Quite a few of the disclosures have come from banks in the past." "They are usually intended to sell to others such as clients." Tax obligations The banking code on taxation was first introduced by the Labour government in June 2009. It followed reports that some big banks used large scale tax avoidance schemes involving complex transactions and financial instruments. The code - which was supported by the incoming coalition government the following year - demands that banks which sign ensure that their tax and the tax obligations of their customers are observed. It says they should not go out of their way to avoid tax for themselves or clients. The 15 biggest banks operating in the UK have signed up. 'Treated even-handedly' In a separate development, HMRC said it would appoint a senior official to act as an "assurance commissioner" for any tax deals struck with big companies for more than £100m. The job of the commissioner will be to make sure taxpayers in general do not suffer from any such settlements. The move follows severe criticism last December from MPs on the public accounts committee who denounced HMRC for appearing to cut contentious tax deals with companies such as Vodafone and Goldman Sachs. Lin Homer, the new HMRC chief executive said: "This commissioner will take the role of challenging whether any proposed settlement secured the correct amount of tax efficiently and that taxpayers had been treated even-handedly." "The commissioner will also make sure that the governance procedures have been followed," she added.

UK photographer Paul Conroy out of Homs

 

British Sunday Times photographer Paul Conroy has been evacuated from the besieged Syrian city of Homs and is in neighbouring Lebanon. He was smuggled out of the Baba Amr district on Monday with help from the Syrian opposition and Free Syria Army fighters, diplomats told the BBC. The whereabouts of the French Le Figaro journalist Edith Bouvier remain unclear. The two were wounded in an attack on a makeshift media centre last Wednesday. American Sunday Times journalist Marie Colvin and French photographer Remi Ochlik were killed. The Syrian Red Crescent said earlier that it had reached Baba Amr on Monday, bringing out three Syrians, including a pregnant woman, her husband and an elderly female patient, but that it had been unable to bring out the Western journalists or the bodies of their colleagues. Reports on Tuesday said Homs had come under some of its heaviest bombardment yet, with the government sending in units of an elite armoured division into rebel-held districts to try to end the three-week-long offensive. It comes as the United Nations Human Rights Council is set to hold an emergency session in Geneva to discuss the deteriorating humanitarian and security situation in Syria. 'Warning shot' Mr Conroy's father, Les, confirmed reports that his 47-year-old photographer son was safe in Lebanon. "We've just had word from Beirut. I've got it on the other phone in my other hand," he was quoted by the Press Association as saying. Edith Bouvier, speaking on 23 February: "I need an urgent operation" The movements of Devon-based Paul Conroy had been shrouded in discretion because of fears for his safety, the BBC's Jim Muir reports from Beirut. Syrian opposition sources said he was smuggled out of Baba Amr on Monday, taken through the Syrian countryside before crossing the border into Lebanon during the night. In a video posting a few days ago, Mr Conroy had said he received "three large wounds" to his leg and was being treated by Free Syria Army medical staff. Ms Bouvier was more seriously wounded, suffering multiple leg fractures. Some reports on Tuesday suggested she too had been smuggled into Lebanon, but other reports said she may not have been evacuated from Baba Amr. There has been no word either on what has happened to the bodies of Marie Colvin and Remi. Ms Colvin's mother Rosemarie told the BBC's Today programme of her hope that her daughter's body could be brought home. "I want my daughter back and I can't rest myself, I can't have peace in my life, with my daughter's remains in that country," she said. The Syrian government appears to have stepped up its offensive against rebels across the country - sending forces into several towns in northern Syria for the first time. As many as 125 people died across Syria on Monday, many of them in a single incident at a checkpoint in Homs, the Local Co-ordination Committees (LCC), an activists' group said. However, it is difficult to independently verify the death tolls and individual incidents as media access across the country is tightly restricted. Members of the UNHCR are due to discuss a confidential report that names Syrian officials believed to be responsible for atrocities. French Foreign Minister Alain Juppe said: "The task of the council is to express the disgust of the entire world at the odious crimes that the Syrian state is committing against its people." He has urged the 47 nations in the council to be prepared to submit a complaint against Syria to the International Criminal Court in The Hague. A UN panel of experts last week delivered a confidential list of Syrian army officers and government officials who could be investigated for crimes against humanity. Their report found that Syria had become increasingly militarised, and they accused security forces of gross and systematic human rights violations. "The day will come when the civilian and military authorities in Syria, in particular President Assad himself, will need to answer for their actions," Mr Juppe said.

Monday 27 February 2012

Bank tax dodges halted by retrospective law

 

A bank in the UK has been forced to pay more than half a billion pounds in tax which it had dodged by using "highly abusive" tax avoidance schemes. One tax dodge involved the bank claiming it should not have to pay corporation tax on profits made when buying back its own IOUs. The government said it would change the law retrospectively and immediately to stop anyone else using the scheme. The identity of the bank has so far not been revealed. Announcing the crackdown, the Exchequer Secretary to the Treasury, David Gauke, said the bank should never have devised the schemes in the first place. "The bank that disclosed these schemes to HM Revenue & Customs (HMRC) has adopted the Banking Code of Practice on Taxation which contains a commitment not to engage in tax avoidance," he said. "The government is clear that these are not transactions that a bank that has adopted the code should be undertaking. "We do not take today's action lightly, but the potential tax loss from this scheme and the history of previous abuse in this area mean that this is a circumstance where the decision to change the law with full retrospective effect is justified," he added. The second tax avoidance scheme, designed by the same bank, involved investment funds claiming that non-taxable income entitled the funds to tax credits that could be reclaimed from HMRC. The Treasury described this as "an attempt to secure 'repayment' from the Exchequer of tax that has not been paid". Compulsory notification A Treasury source suggested that outlawing the tax dodges immediately would save the government a further £2bn in tax that would otherwise have been foregone. The bank in question in fact disclosed the two schemes to the tax authorities under rules which have been in place since 2004. Anyone, such as a bank, accountant, lawyer or tax adviser, who devises a seemingly legal tax avoidance plan, is obliged to tell the tax authorities about it within a few days of using it or marketing it to clients. More than 2,000 schemes have been disclosed in the past eight years. "Quite a few of the disclosures have come from banks in the past," said John Whiting, of the Chartered Institute of Taxation (CIOT). "They are usually intended to sell to others such as clients." New code The banking code on taxation was first introduced by the Labour government in June 2009. It followed reports that some big banks used large scale tax avoidance schemes involving complex transactions and financial instruments. The code - which was supported by the incoming coalition government the following year - demands that banks which sign ensure that their tax and the tax obligations of their customers are observed. It says they should not go out of their way to avoid tax for themselves or clients. The 15 biggest banks operating in the UK have signed up. 'Treated even-handedly' In a separate development, HMRC said it would appoint a senior official to act as an "assurance commissioner" for any tax deals struck with big companies for more than £100m. The job of the commissioner will be to make sure taxpayers in general do not suffer from any such settlements. The move follows severe criticism last December from MPs on the public accounts committee who denounced HMRC for appearing to cut contentious tax deals with companies such as Vodafone and Goldman Sachs. Lin Homer, the new HMRC chief executive said: "This commissioner will take the role of challenging whether any proposed settlement secured the correct amount of tax efficiently and that taxpayers had been treated even-handedly." "The commissioner will also make sure that the governance procedures have been followed," she added.

The daily Sun had systematically paid large sums of money to “a network of corrupted officials” in the British police, military and government.


A day after presiding over the publication of his new, damn-the-critics Sun on Sunday tabloid, Rupert Murdoch was confronted with fresh allegations from a top police investigator that the daily Sun had systematically paid large sums of money to “a network of corrupted officials” in the British police, military and government. Connect With Us on Twitter Follow @nytimesworld for international breaking news and headlines. Twitter List: Reporters and Editors Readers’ Comments Share your thoughts. Post a Comment » Read All Comments (130) » The allegations, part of a deepening criminal probe into The Sun and Mr. Murdoch’s defunct News of the World, highlight the challenges to Mr. Murdoch and his News Corporation as he seeks to minimize the threat to his British media holdings. They also cast a harsh spotlight on the freewheeling pay-for-information culture of the British media. In public testimony on Monday, Deputy Assistant Commissioner Sue Akers, who is leading the criminal investigation into Mr. Murdoch’s newspapers, said The Sun, long a source of special pride and attention for Mr. Murdoch, had illegally paid the unidentified officials hundreds of thousands of dollars in exchange for news tips and “salacious gossip.” She said the payments had been authorized “at a very senior level within the newspaper.” Her comments, unusual during a continuing criminal inquiry, directly undercut Mr. Murdoch’s campaign of support for the embattled newspaper. On Feb. 17, the 80-year-old Mr. Murdoch made a grand entrance into the Sun newsroom, where, marching around in shirtsleeves, he vowed to reinstate journalists suspended in the criminal investigation, offered to pay their legal bills, issued a robust statement about the paper’s probity and announced that he was defying conventional industry wisdom by starting a Sunday issue. Ms. Akers said illegal activities had been rife at the paper. “There appears to have been a culture at The Sun of illegal payments, and systems have been created to facilitate such payments whilst hiding the identity of the officials receiving the money,” she told the Leveson Inquiry on media ethics and practices, led by Lord Justice Leveson. The payments involved “frequent and sometimes significant sums of money” to public officials, she said. In a statement, Mr. Murdoch said that “the practices Sue Akers described at the Leveson Inquiry are ones of the past, and no longer exist at The Sun.” He remained publicly bullish, helping promote the new Sun on Sunday in newspaper stores and announcing on Twitter that it had sold 3.26 million copies. In another blow to Mr. Murdoch, related this time to The News of the World, a lawyer for the Leveson Inquiry said Rebekah Brooks, a former Murdoch executive, was apparently informed by the police in 2006 that detectives had evidence that the cellphones of dozens of celebrities, politicians and sports figures had been illegally hacked by an investigator working for the newspaper. The disclosure, contained in a September 2006 e-mail from a company lawyer to the editor of The News of the World, Andy Coulson, is highly significant. Until late in 2010, Mrs. Brooks, Mr. Coulson and other officials at News International, the British newspaper arm of News Corporation, repeatedly asserted that the hacking had been limited to a single “rogue reporter” — the paper’s royal correspondent, Clive Goodman. The assertion was rendered implausible, at best, by the fact that the police had information that so many hacking victims existed, and that so few of them had anything to do with the royal family. Monday’s disclosures could not have come at a more inopportune time for Mr. Murdoch. In recent weeks, morale at The Sun hit a low point after a number of senior editors and reporters were arrested on suspicion of illegally paying sources. At the same time, journalists at The Sun and elsewhere released a stream of angry attacks at the police, saying the investigation had gone too far and was targeting reporters for what they said was normal behavior in the British tabloid press like taking sources out to lunch or paying whistle-blowers. “The Sun journalists who have been arrested are not accused of enriching themselves — they were simply researching stories about scandals at hospitals, scandals at army bases and scandals in police stations that they believed their readers were entitled to know about,” Kelvin Mackenzie, a former editor of The Sun, wrote in The Daily Mail. “If the whistle-blower asks for money, so what?” The Metropolitan Police Service’s highly unusual decision to release specific details of a continuing investigation seemed designed to rebut such criticism. “The cases we are investigating are not ones involving the odd drink, or meal, to police officers or other public officials,” Ms. Akers said. “Instead, these are cases in which arrests have been made involving the delivery of regular, frequent and sometimes significant sums of money to small numbers of public officials by journalists.”

Saturday 25 February 2012

A glamorous French politician is set to become France’s first ever ‘MP for Britain’ to represent more than 100,000 Gallic expats living in the UK.

A glamorous French politician is set to become France’s first ever ‘MP for Britain’ to represent more than 100,000 Gallic expats living in the UK.

Emmanuelle Savarit, 39, is leading the race to be elected to France’s newest overseas constituency - based in London’s well-heeled Kensington.

The member of Nicolas Sarkozy’s conservative UMP party is the clear frontrunner among five hopefuls vying for the seat of northern Europe.

Hopeful: Emmanuelle Savarit, 39, is leading the race to be elected to France¿s newest overseas constituency - based in London¿s well-heeled Kensington

Hopeful: Emmanuelle Savarit, 39, is leading the race to be elected to France's newest overseas constituency - based in London's well-heeled Kensington

The radical plans to create 11 foreign constituencies to represent French abroad were approved by the Paris parliament three years ago.

 

 

Britain is part of the northern Europe constituency, which also includes the Irish Republic, Scandinavia and the Baltic states.

But within the new seat, 113,655 French voters are registered in the UK, compared with 27,076 in all the other countries put together.

Divorced mother-of-two Ms Savarit’s main rival is equally glamorous 36-year-old socialist Axelle Lemaire, a London-based lawyer.

Competition: Divorced mother-of-two Ms Savarit¿s main rival is 36-year-old socialist Axelle Lemaire, a London-based lawyer

Competition: Divorced mother-of-two Ms Savarit's main rival is 36-year-old socialist Axelle Lemaire, a London-based lawyer

But the French media predict the right-winger’s victory will be ensured by wealthy expats based mainly in west London when the first election takes place in June.

Ms Savarit, who has a doctorate in Psychology, describes herself
on her campaign website as ‘a tough cookie’, but adds: 'That’s not necessarily a fault when you’re in politics.'

The new foreign constituencies are the brainchild of former French interior affairs minister Alain Marlaix.

Vital: The importance of the French expat vote was highlighted when President Sarkozy came to London to give a speech to thousands of French voters ahead of his 2007 election campaign

Vital: The importance of the French expat vote was highlighted when President Sarkozy came to London to give a speech to thousands of French voters ahead of his 2007 election campaign

He said: 'This is the first time in any country in the world that something like this had been done.

'The new overseas MPs will have identical status to any other MP based in France, and vote in parliament in Paris.

'They will be elected in the same way and speak for the French expatriates they represent.'

Government advisor Herve Fabre-Aubrespy, who is overseeing the new constituencies, said: 'It is a challenge for us, because nothing similar has ever been done anywhere.

'No one has carved the world up into constituencies in this way.'

The new constituencies are part of a larger parliamentary shake-up, with seats being merged or enlarged across France so that the total number of 577 MPs still remains the same.

The importance of the French expat vote was highlighted when President Sarkozy came to London to give a speech to thousands of French voters ahead of his 2007 election campaign.

But French socialists have claimed the new overseas seats are ‘closet gerrymandering’ - where constituencies are created to the benefit of the ruling party.

A socialists’ spokesman said: 'Studies show French people living abroad are more likely to vote for a centre-right party than a left wing one.
'This is being proposed as something that is good for French expatriates, but in fact it is just a way for the government to give itself another 11 safe seats.'

Six of the 11 new constituencies will be in Europe, but others are based in Canada and the US, central and South America, the Middle East, Arica and Asia, representing more than million French people living abroad.



Friday 24 February 2012

Italian Wives ban their husbands from visiting Italian cafe where busty barmaid serves up drinks in skimpy outfits

After eight years running a bar, Laura Maggi suddenly found men beating a path to her door.

Not for the quality of her coffee  and aperitifs, but because she had started appearing for work in highly revealing outfits.

Hundreds of male customers flocked there day and night, leaving their cars double parked in the surrounding streets.

Congestion became such a problem that the lady mayor announced she was considering an emergency bylaw to limit traffic in the area.

Causing controversy: Laura Maggi, 34, who runs a bar called Le Cafe, has dominated newspapers and TV chat shows, after pictures of her dressed in barely anything appeared on the internet

Causing controversy: Laura Maggi, 34, who runs a bar called Le Cafe, has dominated newspapers and TV chat shows, after pictures of her dressed in barely anything appeared on the internet

 

Sexy barmaid 2
Sexy barmaid

Pulling more than a pint: The women folk of Bagnolo Mella, near Brescia, which is where Manchester City ace Mario Balotelli is from, are up in arms and said that they had banned their partners from going to Le Cafe

 

Main attraction: On the walls of Le Cafe there are pictures of Laura, dressed in a bikini on holiday while in other snaps she is wrapped in an American Stars and Stripes flag, while others of her semi naked have been turned into a calendar

Main attraction: On the walls of Le Cafe there are pictures of Laura, dressed in a bikini on holiday - while in other snaps she is wrapped in an American Stars and Stripes flag. Yet more pictures of her, semi-naked, have been turned into a calendar

You're not going anywhere: Bagnolo's mayor Cristina Almici has also banned her husband from going to Laura's bar and said: 'We have received several complaints from women in the town about the bar'

You're not going anywhere: Bagnolo's mayor Cristina Almici has also banned her husband from going to Laura's bar and said: 'We have received several complaints from women in the town about the bar'

Now women in the small northern Italian town of Bagnolo Mella have declared Le Cafe out of bounds to their menfolk – and 34-year-old Miss Maggi has become a national celebrity.

Yesterday she was a guest on the Italian equivalent of This Morning and said: ‘I don’t see what the problem is – it’s just a bit of harmless fun. 

‘If the guys come here what can I do?

'I know I have upset the women but that’s not my problem.

'It’s not my fault if guys want to come and have a drink in my bar.’

She added that some customers were travelling up to 70 miles just to have a coffee in her bar.

On the walls of Le Cafe are pictures of Miss Maggi in a bikini on holiday. 

She has 5,000 new friends on Facebook while a local poll found that 46 per cent of respondents said partners of her male customers should be ‘asking themselves why their partners prefer Laura to them’.

Several wives from the town have been on TV to complain. One said: ‘It is outrageous and should not be allowed.

 

 

‘This town is quiet and respectable. Now we are known across the whole country because of the little amount of clothing this barmaid is wearing to serve drinks. 

‘The women in town are not very happy and we have complained to the council.’

SEXYBARMAID3
pose

Enjoyment: 'I don't see what the problem is - it's just a bit of harmless fun. I like to dress in an attractive way and I like to have fun,' Laura said on an Italian TV show

 

Selling point: 'If the guys come here what can I do. I know I have upset the women but that's not my problem,' said the bar owner

Selling point: 'If the guys come here, what can I do? I know I have upset the women but that's not my problem,' said the bar owner

Bagnolo’s mayor Cristina Almici said: ‘We have received several complaints from women about the bar and we are looking at what we can do with regard to public order.

‘There has been a huge influx of traffic into the town since the news of Laura started to spread and this has led to incidents of bad parking and some minor acts of vandalism.

‘We can’t stop people from going to her bar and I know it is very popular with men in the town – personally I don’t see any problem with how she looks or dresses. 

'If anything, it’s the men who go there who have a problem.’

She added, however: ‘My husband is certainly not allowed to go there.’

Crowd pleaser: 'People have been turning up from 100km away just to have a drink here,' says the proud bar lady

Crowd pleaser: 'People have been turning up from 70 miles away just to have a drink here,' says the proud bar lady

chair
barmaid 5

No blame: 'It's not my fault if guys want to come and have a drink in my bar,' says the owner 

Quiet town of Bagnolo Mella: An online poll in the local Brescia newspaper asked readers what their opinion was and the majority, 46%, said that women should be 'asking themselves why their partners prefer Laura to them'

Quiet town of Bagnolo Mella: An online poll in the local Brescia newspaper asked readers what their opinion was and the majority, 46%, said that women should be 'asking themselves why their partners prefer Laura to them'



Thursday 23 February 2012

A4e boss Emma Harrison to step down from government role

 

Emma Harrison, David Cameron's "families tsar", is to stand aside from the role in the wake of revelations that former employees of her firm A4e are subject to police investigations over alleged frauds. She has written to the prime minister saying she believes she should stand aside. Number 10 had been signalling for more than 48 hours that it was extremely concerned by the allegations and would ask her to stand aside from the role. "I have asked to step aside from my voluntary role as Family Champion as I do not want the current media environment to distract from the very important work with troubled families," she said. "I remain passionate about helping troubled families and I am grateful for the opportunity to contribute in an area where I have been active for many years." Her role has always seemed more titular than real with the bulk of the efforts on troubled families now being taken over by Louise Casey at the communities department. Harrison's A4e volunteered details of two investigations as it tried to counter claims that it was involved in "systemic" abuse of taxpayer-funded contracts. The government has said the bulk of the inquiries covered problems with the previous government's back-to-work programmes. The Department for Work and Pensions revealed it had launched nine fraud investigations into the firm in recent years. The prime minister appointed Harrison in 2010 to help get 120,000 "problem families" into work. A4e earned £180m from state contracts last year, when Harrison paid herself a dividend of £8.6m, despite the firm's failure to meet government targets on finding jobs for the unemployed.

Barclays clocks up 1,500 complaints a day

 

Barclays has been clocking up over 1,500 complaints a day as its staff share £2.5billion bonuses. The bank had 281,484 customer gripes between July and December – up 12% on the first half of 2011. It blamed the surge on claims for mis-sold payment protection insurance. An ­Independent Banking ­Advisory Service spokesman said: “It’s coming back to bite them – although not quickly enough in our view.” All banks have to report complaints data for the second half of 2011 to the City watchdog the Financial Services Authority by the end of February. Barclays, which published its figures in advance, said PPI complaints hit nearly 123,000 between July and December - up by 67% from the first six months and double the number for the second half of 2010. Excluding PPI, total complaints dropped by 11% to 158,492 in the second half, or 336,363 for 2011 as a whole. Antony Jenkins, chief executive of Barclays Retail, said: “We can and will do more to improve service and go further and faster to drive down complaints. “We are aiming for further reductions in underlying complaints in the first half of 2012 as we continue on our journey to get it right first time, every time.” Eddy Weatherill, of the Independent Banking Advisory Service, said: “Barclays made a lot of profit from selling PPI and now it’s coming back to bite them. although not quickly enough in our view. “But I don’t think any of the banks are doing well on the complaints front, particularly when it comes to small businesses. “They have tried to ring every penny out of customers but, because of a lack of competition, people haven’t got decent choice when it comes to moving account.”

Wednesday 22 February 2012

Zumba Fitness is the only Latin-inspired dance-fitness program that blends red-hot international music

 

Zumba Fitness is the only Latin-inspired dance-fitness program that blends red-hot international music, created by Grammy Award-winning producers, and contagious steps to form a "fitness-party" that is downright addictive. Since its inception in 2001, the Zumba program has grown to become the world's largest – and most successful – dance-fitness program with more than 12 million people of all shapes, sizes and ages taking weekly Zumba classes in over 110,000 locations across more than 125 countries.

Zumba's Latin rhythms on the move in the fitness world

 

On a rooftop parking lot, with temperatures in the chilly low 50s, a crowd of all ages shimmied and shook, sweated and smiled as DJ Francis played an eclectic mix of dance music. But this wasn't just another wild South Florida party. It was a special Zumba class for charity, led last month by the creator of the global craze, Alberto "Beto" Perez. The charismatic Colombian in cargo pants — who has become a rock star in the fitness world — climbed onto the roof of a Chevy minivan that doubled as a stage. He demonstrated salsa steps, the merengue march and many other Latin-inspired dance moves — all while also cuing the drummer and the bongo player. For an hour, 75 of his adoring fans — and even the minivan — moved to the beat. "Everybody loves it; everybody has fun," Perez said while posing for pictures with his Zumba faithful, some of whom had traveled from as far as Canada. Two days later, Perez flew to New York to appear on the TV morning show "Live! with Kelly." "You must be so rich by now," host Kelly Ripa gushed to Perez, 41. Perez's Zumba classes, with the motto "Ditch the Workout, Join the Party," were strictly a South Florida phenomenon 10 years ago. Today, Zumba Fitness has become the largest branded fitness program in the world, with about 12 million people taking Zumba classes weekly at 110,000 locations in at least 125 countries, according to company spokeswoman Allison Robins. The private company won't reveal information about the company's finances or its net worth. But at a time when most of the world is struggling economically, Zumba Fitness' empire appears to be flourishing. It is doing so on the strength of a growing army of certified instructors who spread the Zumba gospel to such distant outposts as Iceland, Papua New Guinea, Nepal and even Afghanistan — at the Kabul Community Center. Many fitness crazes have come and gone. Staying power is tough in the ever-evolving fitness industry. John Figarelli, founder of the National Fitness Hall of Fame Museum and author of "The History of Fitness: Fads, Gimmicks and Gadgets," said: "I think the owners of Zumba did a great job of getting it going from a business standpoint." Zumba Fitness does not charge gyms to carry its classes. Instead, it trains instructors and gives them the license and use of the trademark if they join the Zumba Instructor Network. "We're helping the instructors to become entrepreneurs and make a living out of it," said company co-founder Alberto Aghion. Exercise as a business It's a sound strategy, said Figarelli, whose book covers 100 years of working out, from 1900 to 2000. "Most group-exercise instructors will just go with the next popular class. But if Zumba is your business, instructors will stay with that." Ensuring instructors are successful has become the company's main mission. "We have three people who all they do is call up gyms all day and try to find instructors employment," said company co-founder Alberto Perlman. The company has made Zumba instructors easy to find, with a worldwide listing that includes all of their network instructors' classes regularly updated on the company's website. Instructors also receive new music and choreography about every two months. The music department now creates music just for Zumba classes, with original songs that include "Zumbalicious," "Que Te Mueve" and "Caipirinha," which was a No. 1 song in Israel. Zumba Fitness makes its money on its instructors academy, instructors courses, monthly fees from instructors in its network and on all its brand merchandise. The company has built its own line of hip, colorful clothing and footwear, workout DVDs, two video games, original music and a lifestyle magazine, Z-Life. This was not the business model when Zumba Fitness was founded in Aventura, Fla., in 2001 by the "three Albertos" — creator Perez and boyhood friends Perlman and Aghion, both entrepreneurs in their mid-20s and natives of Colombia. The trio's original plan was simple: produce VHS workout tapes of Perez's popular South Florida classes to sell around the country on infomercials. An inspired ad-lib Perez fell in love with dancing at age 7 by watching a VHS tape of the 1978 movie "Grease," starring John Travolta. At age 16, he was teaching aerobics classes for $1 an hour. One day, he forgot his prepared music. All he had in his backpack was a cassette tape of merengue and salsa music he'd recorded off the radio. His morning class was full of moms who had dropped their kids off at school. "I can't say, 'Hey sorry, I forgot my music,' " Perez said. "I say to the people, 'I have a new class I prepared for a long time.' It was not true. I improvised for one hour." The moms loved the dancing exercise. Perez turned it into a regular class in Cali. He soon moved to the Colombian capital of Bogotá, where he continued those classes and became a choreographer for Sony Music and Shakira. In 1999, Perez came to the United States for the first time. He pounded the pavement on South Beach, going from gym to gym. Nobody was interested in this new dance exercise class by a guy who couldn't speak English. On his fourth trip to Miami he landed a job at the swanky Williams Island Spa in a development where several Colombians lived. Some had even taken classes with him in Bogotá. Within a year, Perez was in demand, teaching 22 classes all over South Florida. At the same time, Perlman and Aghion were looking for a new business venture after the dot-com bubble burst, bringing down their Internet company, Spydre Labs, an incubator for Internet startups related to Latin America. Enter Raquel Perlman. While Alberto Perlman was telling his mom about how badly he was feeling for laying off people, she was telling him about how happy she was taking Perez's classes, where were then called Rumbacize. "You should meet Beto and maybe start a gym together," she told her son. "He's the talk of Aventura." Perlman watched a class and was reminded of people having fun at a nightclub, but without the drinking and pickup lines. "Beto, have you heard of Billy Blanks' Tae Bo? Why don't we do VHS tapes and sell them on television?" Perlman said he told Perez. In August 2001, they and Aghion founded Zumba Fitness. To create a demonstration video to show investors, the three stayed up all night laying down boards to create a dance floor on the beach outside a Sunny Isles hotel. About 200 of Perez's students paid $20 each for the class, raising an additional $4,000. When the infomercial began running on TV, people rang the call center in Ohio to buy the videos, and a few also asked how to become Zumba instructors. Those callers were forwarded to Zumba's office — at Aghion's home. After a few 2 a.m. wakeups, Aghion realized this was another business opportunity. Zumba Fitness also has greatly benefited from Internet advertising and social media. Many people discovered Zumba via YouTube videos. Zumba Fitness started a Facebook page about a year ago and now has more than 3 million fans. Zumba is mentioned every 11 seconds in social-media platforms, Robins said. It's not clear yet if Zumba will have a long shelf life or be added to the long list of exercise fads, said Walter R. Thompson, professor of exercise science at Georgia State University. He'll watch to see how it fares over the next few years in a worldwide survey that ranks fitness trends. "I hope it stays around," he said. "It's motivating a lot of people to exercise."

Morocco yoga courses: Stretching out on a yogic break in soothing Berber country


Dust clouds sway like ghosts dancing to an inaudible tune across miles of Moroccan dessert. I’m only 15 minutes south of Marrakech, but the soil’s already darkened to a deep, blood-clot red that clashes violently with the cobalt sky above. Spindly Argan trees feature goats that have clambered into the branches and nibble on the fruit (yes, really), a snapshot of surreal comedy against nature’s stark, beautiful reality. It’s my first up-close and personal foray into Morocco’s rural centre, despite having fallen head over heels for mad old Marrakech eight years beforehand. Rustic retreat: Lalla Abouch offers yoga courses set in the beautiful Moroccan countryside There’s something intoxicating about the swirling, jasmine-soaked souks, the thrill of losing yourself in the medina only to wind up on a rooftop drinking pomegranate martinis hours later. I’ve returned several times since to enjoy the city’s myriad hidden bars, supper clubs and late night lounges. But this time I want a different kind of escapism, one that’s less hedonism, more health. 'We’ve the perfect place', Rosena, the Irish founder of Moroccan concierge experts Boutique Souk, assures me before arranging a car to drive me the three-hour journey south into Morocco’s Berber country. Thirty miles south of the colonial port city of Essaouira, our jeep turns inland, swerves sharply at a junction and turns up an invisible, potholed dirt road through fields of carefully irrigated vegetable patches and chicken coops. A donkey brays ‘hello’ as I clamber out, the only contender to shatter the silent calm of our weekend lodgings. Named Lalla Abouch after ‘Lady Argan‘ and Morocco’s famous Argan tree, the guesthouse embodies what many ‘boutique’ lodgings strive for yet often fail to achieve. Chic and rustic, it proffers the perfect balance between comfort and style – the home from home I’ll never replicate no matter how many Elle Decoration subscriptions I sign up for. Taking the plunge: The refreshing pool is lined with plants and a traditional stone wall Beaming Lucreiza, the Italian who runs this hideaway, gives me a tour of the farm’s intimate selection of cosy rooms, all located around a bougainvillea-splashed courtyard, before ushering me onto the farm’s charming alfresco terrace for fresh mint and ginger tea. Terracotta pots trickle fresh water into a plunge pool overlooking acres of lovingly tended vegetable patches, whilst wild tortoises sunbathe lazily in the afternoon rays as kitchen hands gingerly navigate them whilst plucking robust courgettes for the evening meal. Food is a big draw at Lalla Abouch - so don’t go thinking this is yoga with all the normal detox-wheatgrass-deprivation tags. Lunch, though simple, is lip-smackingly good: home-plucked bitter leaves; creamy local goats cheese; cumin-crusted courgettes, caramelised carrots; a fuchsia pink beetroot dip; wholegrain couscous studded with ruby pomegranate seeds. Each bite radiates with energy and (forgive the hippy hyperbole) is offered up with love. Lucreiza beams as I eat. 'We like to give an alkaline, vegetarian diet during the retreats', she explains. 'It’s a good for body cleaning and rejuvenation.' I come away from the meal feeling more satiated than many of my finest dining experiences back in the UK. Unusual sights: Goats love to climb the Argan trees, while Lalla Abouch has plenty of quiet corners for relaxing Besides intensive, twice daily yoga and meditation sessions lasting two hours a go, Lalla Abouch offers a real (and rare) opportunity to totally unplug from daily life. As Lucreiza concedes, 'the natural elements are deep and strong', so the entire operation of the farm and its retreats has been designed to really embrace the local surrounds – and the produce found within it. Better still, my experience isn’t marred by the constant checking of Blackberry’s or broadband; connectivity here is slim to none. Sure, it’s a little disconcerting at first, but after several hours our entire party agrees we’re happy for the forced technology amnesty. With no one to tweet or CC, I instead sink into an indulgent afternoon of reading in the farm’s huge hammock, slung beneath the boughs of the Argan tree. I doze, stirring only when the attention seeking donkey’s comical eey-awww or Lucreiza’s quiet, smiling kitchen hands water the fragrant herb garden. I’ve done no yoga yet, but I can already see why Moroccan specialists Boutique Souk thought they’d 'struck gold' when stumbling upon the farm.

Sunday 19 February 2012

Secret lives of the movie legends

 

In an era before Twitter, paparazzi, gossip websites and the voracious appetite for the scandal and sex lives of the rich and shameless, Hollywood was swinging with the kind of wild sexual liberation that can still seem shocking today. Post-war Hollywood was churning out the family-friendly, conservative-values movies that chimed with the politics and repressed sexuality of the '40s and '50s. But the unacknowledged irony was that these motion pictures were being made by actors, writers, directors and studio chiefs who were engaged in lifestyles that could not have been more different from those they created on screen. Two decades before the sexual revolution of the 1960s, Los Angeles was already a sexual playground for movie stars and the international jet set, who were protected by a powerful studio system that could keep their more outrageous behaviour out of the public eye. Stars such as Noel Coward, Cole Porter, Katharine Hepburn and Cary Grant -- and non-industry figures like the former King Edward VIII and Mrs Simpson -- had a sexually licentious lifestyle within the closed Hollywood community. And where you have rich, sexually voracious movie stars and powerful men, you will also need pimps, procurers and a steady stream of young men and women. Scotty Bowers, a handsome, bi-sexual, former Marine paratrooper, became a part of this underworld when he relocated to Hollywood following service in the Second World War. The ex-Marine became the go-to guy for those who wanted sexual adventure, building up a network of "friends" who traded in sex with the greatest stars of the era. Now, Bowers has revealed all, in Full Service -- My Adventures in Hollywood and the Secret Sex Lives of the Stars, an autobiography that claims to tell the true story behind the rumours and scandal that have filtered down from the closeted era of sex and the stars. Written with the collaboration of Emmy-winning writer Lionel Friedberg, Full Service is published as Bowers prepares to celebrate his 89th birthday. In Scotty's own words, he became a Hollywood insider, or at least a fixer of sexual liaisons, almost by accident when he moved to Los Angeles immediately after the war and began working in a gas station. A chance encounter with the actor Walter Pidgeon, who stopped by to have his tank filled, led to an afternoon of sex with the then-happily married Pidgeon and a male friend. Handsome, friendly and totally relaxed when it came to sex (Bowers attributes this to his wartime experiences and his Illinois farm-boy background), the ex-Marine quickly gained a reputation for knowing a lot of young men and women who were prepared to "trick" for as little as $20. However, throughout his memoir, Bowers is at pains to point out that he was neither a pimp nor a prostitute. "When it came to my own sexual liaisons, I was always more than happy to pocket the tip that anyone offered me for a night of sex," he says. "But I never charged for my matchmaking services when hooking-up other people. I would set up the trick and then the two of them went off together and money changed hands between them. "It was only fair. My operation -- if you want to call it that -- was not a prostitution ring. I was only providing a service to those who wanted it and, as recorded history has shown, throughout the ages there has always been a need for high-quality sex". To hear Bowers tell it, the '40s and '50s in Los Angeles were golden decades of sexual experimentation, where stars and their willing acolytes enjoyed never-ending pool parties under the Californian sun. Sex was an obsession and a currency for stars young and old. Mae West, even as she was in her late-60s, kept a string of young bodybuilders on call 24 hours a day. Bowers got to know Rock Hudson, whose homosexuality was an open secret in Hollywood, in the mid-'50s and also knew his wife, Phyllis Gates, a lesbian who had been persuaded to marry Rock to quell the gossip magazine whispers about his sexuality. "This phony marriage must have been hell on them both. Rock had a voracious, almost uncontrollable sexual appetite. In later years he cruised the streets every night, picking up vagabonds, strangers and young men all over town," says Bowers. The Los Angeles police vice squad was a constant threat, with LA Confidential-style shakedowns, blackmail rings and the vicious persecution of gay men in particular (or at least those who couldn't afford high-powered lawyers and the protection of the studio bosses). Pay-offs to the right cops, the activities of studio fixers and the complicity of the media ensured that very little scandal leaked out. Bowers' memoirs read like a roll-call of just about every major star in the studio system of the time and he cheerfully dishes the dirt. He claims Katharine Hepburn and Spencer Tracy were never really involved in a great love affair, painting Hepburn as a sexually voracious lesbian who needed Tracy as a cover for her lifestyle. The list of stars who get the Bowers treatment includes Edith Piaf, Vivien Leigh, Cary Grant, Rita Hayworth, Joan Crawford, Bob Hope and William Holden (to name but a very, very few). Non-industry figures like Edward and Wallis Simpson, FBI boss J Edgar Hoover and Beatles manager Brian Epstein, flit in and out of the picture, indulging in a wild array of pan-sexual activities. Bowers had been friendly with the movie star Tyrone Powers since their days together in the Marine Corps and once they met up again in Los Angeles, they "enjoyed quite a few sexual shenanigans together". "Women swooned over him and he bedded quite a few of them, but he much preferred men," says Bowers. "Some of his sexual tastes were rather odd and offbeat, but none of the guys seemed to mind." The sexual exploits of the golden- era stars still fascinate, and readers may never look at classic movies like The Wizard of Oz or Bringing Up Baby in the same way again. It can't all have been glamorous pool parties in the Hollywood Hills and smiling, handsome film stars driving around in Cadillacs and Bentleys. But to hear Bowers tell it, after surviving the Depression and then World War Two, the young Americans who flocked to California in the '40s and '50s had little concern for the kind of sexual puritanism apparently making a comeback in the US.

Piranha Women who trap well-off men are pure myth

 

The dangers of daily life for modern men are manifold, it seems. Alongside transfats in foods and oestrogen in drinking water, they must also beware 'Piranha Women'. Or so says divorce lawyer Diane Benussi. In her daily life overseeing the unraveling of families' personal lives, she claims to have observed a new breed of avaricious woman. This lady, according to Ms Benussi, is manipulative and devious to the core -- a romantic mercenary in a mini-skirt. Increasingly, Ms Benussi observed to a tabloid newspaper, beautiful young women, disinclined to make an honest living, are targeting vulnerable wealthy men in a bid to win a share of their assets. Their weapon of choice is their fertility. They lure unsuspecting gentlemen into unprotected sex and then fall pregnant, using the resulting progeny as a siphon on the unsuspecting man's bank account. Poor love. As anyone knows, well-off men in middle age represent one of society's most vulnerable minorities. Not only that, but they are, apparently, completely incapable of taking care of something as simple as contraception. I don't know about you, but personally, in my three decades on earth, I've never met a Piranha Woman. This pantomime trope of a scheming madam who uses sex purely as strategy exists for me only in fairytale. There are women, sure, who find an affluent man who can prove his worth as a provider and an alpha male attractive. But I don't know a single female who has used her womb as a honey trap in order to save herself the bother of buying lottery tickets. I have, on the other hand, met plenty of men who are convinced that they must protect themselves against female strategy and acquisitiveness. One, whom I dated briefly in college, told me outright one evening that he knew as a successful, ambitious guy (at this point he was still a student) he had to beware the advances of ladies with alluring eyes and sinister agendas. His mother, he informed me gravely, had warned him that he was exactly the kind of man that women would try and become pregnant by. Thus, he must be extra careful with contraception. Needless to say, that comment was turn off enough to have me on the next bus home to my own bed. Contrary to what he and his mother thought, I was rather less convinced than they were of the value of his precious sperm. It's possible, of course, that there are a few Piranha Women out there. But I'd guess that they are an extremely rare species. There's a cultural precedent for this belief, of course. (Not to mention a great history of paranoia on the part of many men about the dark arts of female sexuality). That precedent is called a WAG. In an era when we have become more than familiar with women winning fame, wealth, and cultural influence on the strength of their association with rich men, it's not a far stretch to create the myth of the Piranha. We know well that the WAG seeks out partnerships with wealthy footballers, within which a transactional trade-off of beauty for lifestyle and luxury is transparently part of the deal. The notional Piranha simply takes this a step further, by, we are told, using her sex appeal to cut out the romance and go straight for the cash, by way of a baby. This, says Ms Benussi, has become an accepted way for a woman to make a living. One could argue that, as a divorce lawyer, she's likely to know. But I don't believe it. There's a huge leap between falling in love with a fit, rich, attractive young footballer and seducing a wealthy singleton with middle-aged spread to get straight to his bank balance. Sure, there are plenty of women who consider affluence to be an attractive attribute in a man. It bespeaks success, competence and a certain capacity for influence and agency in the world -- all sexy qualities, let's be honest. But outside of a pure sex-for-money transaction -- from which, for most women unlucky enough to have to resort to it, pregnancy as a result is usually the least desirable outcome -- I have never met a woman myself who would put it above sexual desire and a genuine emotional bond. The invention of the storybook villain Piranha Woman seems suspiciously like dredging up bitter old cliches in order to further divide the genders around issues of separation and divorce. Relationships are rarely so simple. And perpetuating these kind of tropes and stereotypes serves no one except the divorce lawyers.

Lloyds Bank strips five directors of more than £1 million in bonuses

 

It will be the first time a British bank has exercised a “clawback” option on executive pay packages since the financial crisis and will lead to calls for similar moves at other lenders, including the Royal Bank of Scotland. The Daily Telegraph has learned that Lloyds is taking back a bonus from senior bankers over their role in the mis-selling of payment protection insurance (PPI). Eric Daniels, Lloyds’ former chief executive, will lose at least £360,000 of his 2010 bonus. Four other current and former directors will each have to forgo about £250,000. The move comes after weeks of pressure from politicians and consumer groups for the banking sector to answer concerns that some bonus awards do not match individual performances. The Financial Services Authority has also called for Britain’s banks to reflect one of the worst customer mis-selling scandals in recent memory in the pay packages of those responsible.

Bobbi Kristina Brown 'found getting high after Whitney Houston's funeral'


Her mother's funeral had just been hours before, but Whitney Houston's daughter Bobbi Kristina Brown was allegedly found doing drugs yesterday. The 18-year-old apparently slipped away from friends and family after the emotional four-hour home going service in New Jersey. Instead of joining them at a restaurant in Newark, Bobbi went off to be alone and even caused panic this morning as her mother's coffin was being transported to the Fairview Cemetery to be buried.

Whitney is laid to rest: Late singer buried at private ceremony in home town

 

Following a very public farewell to Whitney Houston at a funeral attended by thousands yesterday, the late singer will be laid to rest in a private ceremony in New Jersey today. The tragic star will be buried at the Fairview Cemetery in Westfield where her father, John Russell Houston Jr., was interred in 2003. Houston's silver casket was reportedly watched over by 10 security guards after it left the invitation-only service attended by some of the music world's biggest stars yesterday.

Thursday 16 February 2012

Let’s clear up a few things about Whitney Houston.

 

 First of all, she left a last will and testament. It was drawn up after her divorce from Bobby Brown, according to my sources. Daughter Bobbi Kristina is her likely main heir. Despite dire reports, Houston also was not bankrupt or broke. Even though she didn’t have a publishing legacy–others wrote her songs–she did have money from album sales and touring. She likely had advances, too, from various deals with Sony (formerly Sony BMG) dating from 2000. She made a lot of money–at least $35 million gross–from touring Europe and Asia in 2010. Sony is shipping and selling millions of her records right now. And while there may not be a lot in the vaults of unreleased material, there will be enough to do some kind of souvenir album. Her estate in Mendham, New Jersey has been on the market for three years. Yesterday, the price was dropped to $1.7 million. “The property is amazing,” says a friend. “Someone will buy it and remodel it.”  The gated home comes with an Olympic sized swimming pool that at one time bore a large “W” scripted on its bottom. Mostly, Houston had been dividing her time between Atlanta and Los Angeles. Some other things to note: Houston was not scheduled to sing at the Clive Davis party on Saturday. She was merely there as a guest and cheerleader. As I reported on Saturday night– on Thursday she spent the morning and early afternoon with musical director Ricky Minor and Monica and Brandy. Minor reported that she’d been swimming and was in a good mood. Press saw her on Thursday with Davis and the singers. I was staying in the very same Beverly Hilton Hotel. The sense that Whitney was wildly partying all over the place has been conveyed by the tabloids. It’s just not true. What she did at night outside the hotel is another story. And then there was the exclusive story we reported here about the leak on Friday night from her room into the one below. The man in the suite below her saw water cascade through his bathroom ceiling at 2:30am. When he went upstairs, he found that the bathtub had been left on and was overflowing. Bobbi Kristina, 18, was not taking a bath at that hour. But she was awake, and the television in the room with the overflowing bathtub was cracked.

Whitney Houston's Funeral To Be Streamed Live Online

 

Whitney Houston's funeral will be streamed live on the internet so fans can pay their final respects to the legendary singer. The Greatest Love Of All hitmaker, who was found dead in her hotel room last weekend, is to be laid to rest at her childhood church in Newark, New Jersey on Saturday (18th February). Following confirmation that the ceremony will be a private, invite only event, Houston's publicist Kristen Foster has announced that The AP are allowed to film the service and stream it on their website - with the footage also available to broadcasters via a satellite. The 48-year old's body was flown from Los Angeles to New Jersey on Monday (13th February) ahead of the planned service at the New Hope Baptist Church in Newark where she sang as a child with her cousin, Dionne Warwick. It is thought that Whitney will be buried next to her father, John Russell Houston Jr - who passed away in 2003 - with family members making the decision based on what the R&B star would have wanted. Despite her tragic death, Whitney's music continues to dominate the charts on both sides of the Atlantic, with one of her most famous hits I Will Always Love You on course to re-enter the UK singles chart top 10 on Sunday.

Saturday 11 February 2012

One Hyde Park, the residences at the Mandarin Oriental in London, has surpassed previous records for total sales with their apartment sales exceeding $2.21 billion

Image: architecturelist.com

One Hyde Park, the residences at the Mandarin Oriental in London, has surpassed previous records for total sales with their apartment sales exceeding $2.21 billion as global investors swoop in to purchase a piece of the London luxury market.

One Hyde Park previously set a record with the world’s most expensive apartment selling for $215.26 million. Now the luxury residences associated with the Mandarin Oriental London is making news for total apartment sales amounting to $2.21 billion. Located in the ritzy Knightsbridge neighborhood of London, One Hyde Park was designed by award-winning architect Richard Rogers and has attracted many global investors.

Jonhanthan Hewlett of Savills said, “London is one of the few world cities that can count itself amongst a truly global market, sought by the world’s richest households and behaving almost like a separate asset class to a worldwide investor audience looking for capital growth, yield and security. This coupled with our latest Savills Research forecast that prime central London residential values are now 15% over their peak level and with price growth expected to 13% this year and rise by 22.7% over the next five years, it leaves no doubt that One Hyde Park is a true global asset which will enhance in value.”

One Hyde Park was created in four pavilions featuring apartments that have interiors designed by Candy & Candy. Modern touches are incorporated to contrast the traditionally Victorian look of South London. Homeowners are privy to personalized services including a special Residences Elite program, a residential concierge, housekeeping, parking, valet, spa and recreation and food and beverage. In addition, owners are able to receive discounts at other Mandarin Oriental hotels around the world.

Source: Born Rich

Russia’s wealthiest individuals are keeping a firm grasp on the London luxury home market,

Image: upsizehome.com

 accounting for 16% of all home purchases in the city’s most luxurious and expensive neighborhoods.

According to new reports, wealthy Russian investors accounted for more than 16% of home purchases in high-end London neighborhoods such as Kensington, Knightsbridge, Belgravia and Chelsea. In the fourth quarter of 2011, Russian’s actually increased their share in London’s luxury home market more than any other group.

Adam Challis, head of residential research, said referring to the upcoming Russian presidential elections in March, “It’s a precaution against things going to far in the wrong direction. The very well-connected folk realized that there was going to be some serious political uncertainty and that they’re better off putting their money into London property.”

Overall, the fourth quarter numbers showed that British buyers accounted for 42% of all luxury home transactions, a 2% drop from the third quarter. Russian investors accounted for approximately 38% of home sales costing more than $15.76 in 2011. Middle East investors went from 15% in the third quarter to 16% in the fourth and Chinese investors dropped to 2% in the fourth quarter from 5% in the third quarter.

Source: The Moscow Times

Pricey 'Louis Vuitton' condom goes viral online

 

A "Louis Vuitton" condom designed by Georgia Republic architect Irakli Kiziria has gone viral on the Internet, with several netizens asking how they can get their hands on the so-called luxury rubber. The condom, embossed with the initials "LV" and packaged in a wrapper that resembles Louis Vuitton's signature Monogram Canvas design, is priced at $68, The Huffington Post reported. The amount is said to be enough to buy six 12-packs of regular condoms. The Huffington Post said Kiziria is not affiliated with Louis Vuitton, adding that he has designed the condom in collaboration with Design Provocation as a design project. Kiziria and his team are planning to launch the pricey rubber on World AIDS day and donate proceeds to the Foundation for AIDS Research.

Friday 10 February 2012

Shyness could be defined as a mental illness

 

Under changes planned to the diagnosis handbook used by doctors in the US, common behavioural traits are likely to be listed as a mental illness, it was reported. The fifth edition of the Diagnostic and Statistical Manual (DSM) of Mental Disorders could also include internet addiction and gambling as a medical problem. Although the guidelines are not used in the UK, experts said they feared it would affect thinking on the subjects. "We need to be very careful before further broadening the boundaries of illness and disorder," Simon Wessely, of the Institute of Psychiatry at King's College London, told the Daily Mail. "Back in 1840 the census of the United States included just one category for mental disorder.

Madonna stalker escapes

 

 A stalker who made violent threats against Madonna has escaped from a secure mental hospital in California. Robert Dewey Hoskins fled the Metropolitan State Hospital in Norwalk without his medication last Friday according to police, who only revealed the disappearance on Thursday. Hoskins was jailed for ten years after stalking the pop star around California, and reportedly threatened to cut her "from ear to ear" if she did not agree to marry him. He was arrested in 1995 after scaling the walls of Madonna's Hollywood estate and being shot twice by her security guards. Madonna alleged that he had scaled the fence several times, and that the incidents had left her having nightmares. The stalker made similar threats against Halle Berry.

A TRUSTED accountant who fleeced $45 million from financial group ING Holdings has been jailed for at least seven years.

 

Rajina Rita Subramaniam splurged the money on lavish products, including jewellery which she never wore, and numerous expensive properties, all of which remained vacant except for one, for which she did not charge rent. In sentencing her in the NSW District Court in Sydney today, Judge Michael Finnane described as "staggering" the sheer size of the amount she stole from ING over a five-year period. The 42-year-old, from Castle Hill in Sydney's northwest, pleaded guilty to 22 counts of obtaining benefits by deception and four counts of dealing with the proceeds of crime. When police went to her workplace, they found 21 boxes stored under her desk and nearby. "When these boxes were searched, police found large quantities of jewellery, fountain pens, champagne, crystal and Michael Jackson memorabilia," the judge said. "Much of the jewellery was still in boxes that had not been opened." The judge said that outwardly, Subramaniam was leading a normal life with her husband in a suburban house and none of the money was used to pay off any of their debt. "The agreed facts demonstrate that she became accepted as a wealthy woman and a very desirable customer of a number of large jewellery firms," the judge said. At times she would spend millions of dollars in a single lunch hour and she lavished gifts on the shop assistants. "Each of them received commissions for sales to her, and giving presents to them, in my opinion, is consistent with her wanting to be accepted and praised," Judge Finnane said. "Her gifts of $1.3 million to one shop assistant and something like $240,000 to another shop assistant are consistent with her wanting to be loved and accepted." The judge said everything she did in stealing the money and using the proceeds "points to someone who got gratification from being able to be thought of as wealthy and generous". He referred to her having frequent sex with an ING supervisor and to her husband's statement that he joined in the sexual activity, which sometimes happened between them in motel rooms or at their home. Subramaniam claimed to police that the frequent sexual intercourse she had with the employee at work was part of her ill treatment by staff. "She claims that part of the reason for engaging in fraud was resentment towards ING and her wanting revenge," the judge said. The judge said while the sexual activity may have been abusive in her mind, it appeared to have been consensual. While she was not mentally ill, she had mental disorders that needed intensive counselling, he added. He set a maximum term of 15 years.

Syria bloodshed is outrageous, says Obama

 

President Obama has accused Syrian government forces of responsibility for "outrageous" bloodshed and called again for Bashar al-Assad to step down as troops sealed off of a rebel stronghold in the city of Homs and bombarded it using tanks, helicopters and artillery. Speaking after a White House meeting with the Italian prime minister, Mario Monti, Obama spoke briefly on Syria. He said: "We both have a great interest in ending the outrageous bloodshed that we've seen and see a transition from the current government that has been assaulting its people." His comments come as the international community struggles to find a common voice with which to confront President Assad. Eyewitnesses said roads in and out of Baba Amr, in the south-east of Homs, were blocked, preventing the evacuation of children or the wounded, and food, water and medicine were running out fast in the besieged suburb. The international community appeared to flounder over a coherent response. The UN secretary-general, Ban Ki-moon, condemned the Russian and Chinese veto of a security council resolution on the crisis over the weekend as "disastrous for the Syrian people". He said the failure to agree on collective action "has encouraged the Syrian government to step up its war on its own people". The UN and the Arab League proposed a joint observer mission, and talks continued over the formation of an ad hoc "friends of the Syrian people" group to put pressure on the Assad regime without help from Moscow and Beijing. Speaking at an international gathering in Sweden, David Cameron said: "It is quite clear that this is a regime hell-bent on killing, murdering and maiming its own citizens … we need to take the toughest possible response we can." But the options the prime minister listed reflected a cautious, incremental approach the UK and other western governments have pursued after the security council debacle. "We also need to work with the [Syrian] opposition to try and help shape their future and assist them in whatever way we can. We also need to put together the strongest possible contact group of like-minded nations," Cameron said. Foreign secretary William Hague said there were no plans to arm Syrian rebels. He would not guarantee that Britain would not become involved in military action, but stressed: "We are clearly not planning military intervention." Amid speculation that the UK could assist the rebels with weapons or other equipment, Hague told Sky News: "Britain is not engaged in that and we haven't done that in any of the conflicts or we certainly don't have any plans to do such. "We are intensifying our contacts with opposition groups, opposition groups mainly outside Syria. "We're also increasing our support for organisations that get food and medical supplies in to people so badly affected by this situation." In the absence of international consensus, there was no sign of any decisive action that might stop the worsening bloodshed in Syria. More than 100 people were reported dead in Homs on Thursday during heavy bombardment by government forces, but the figure could not be independently confirmed in the absence of observers or humanitarian organisations. A local resident, Basil Abu Fouad, said it was impossible to estimate casualties accurately. "We can't count the number of the dead in the rubble. When we pull someone from the rubble, we don't know if they were killed today, yesterday or before," Abu Fouad said by phone from a basement in Baba Amr. "They are using helicopters and mortars and tanks, T-72 [former Soviet] tanks. Hundreds of homes have been demolished and they have come down on the heads of their owners. "Communications have been completely cut off between neighbourhoods. The army have blocked access to the city. Some people tried to escape but they found all the roads were closed. There is no food left in the city. We don't have milk. All the water tanks have been targeted. We don't have medicines. If you go to the shops and try to get in, the snipers up on the roofs will shoot you," he said. "The children will die here. All the people want is to escape. They can smash this place if they want. We just want to get out of there. But they won't allow us."

Barclays caps bonuses at £65,000

 

Barclays announced on Friday that it was capping cash bonuses at £65,000 as it reported a 3% fall in profits to £5.9bn. The bank also admitted it may miss the targets it had set itself for making returns to shareholders. Providing more detail about bonuses than usual, the bank said that the value of bonus per group employee was down 21% year on year to £15,200, while the average value of bonus per employee at Barclays Capital, its investment banking arm, was down 30% to £64,000 - just below the value of the cap. The bank said that annual bonuses for executives and its eight highest paid employees were down 48%. Chief executive Bob Diamond received a bonus in shares of £1.8m in 2010 so, if he is in line with the average, this might indicate that his bonus would be around £900,000. Barclays shares were down 3% at 225.9p in early trading. But the bank admitted that its return on equity was just 6.6% in 2011 - down from 8.8% the year before and well below the target of 13% set by Diamond. "Since setting the target the worse than predicted macro economic conditions, in addition to new regulatory constraints, mean that we may not be able to deliver 13% returns by 2013," the bank said. "We are not satisfied with the return on equity we delivered in 2011 and are committed to delivering steady improvement moving forwards. Our rock solid capital, liquidity and funding positions provide us with the flexibility and confidence to meet the economic and regulatory challenges ahead," Diamond added.

Tuesday 7 February 2012

How to Embark on a Spiritual Journey

How to Embark on a Spiritual Journey 

Embarking on the spiritual journey is like getting into a very small boat and setting out on the ocean to search for unknown lands. ~ Pema Chodron

FISH and chip chain said today it would save the original Harry Ramsden’s restaurant in West Yorkshire with a £500,000 investment.

Rival chips in with £500,000 to restore the original Harry Ramsden’s

Harry Ramsden's at Guiseley

Harry Ramsden's at Guiseley

 

A FISH and chip chain said today it would save the original Harry Ramsden’s restaurant in West Yorkshire with a £500,000 investment.

 

Harry Ramsden’s announced last year that it was to close its original Guiseley branch - the first restaurant it opened in the UK - after 83 years in business.

Today, the Wetherby Whaler fish and chip group revealed it would take over the premises and return the restaurant to its “glory days”.

In November, Harry Ramsden’s said its flagship restaurant, which opened in Guiseley, Leeds, in 1928, was losing money and needed a considerable investment before it could become profitable again.

The branch, which led to the chain of 35 restaurants across the UK, was originally run out of a wooden “shed” before moving into its famous art nouveau-style building, complete with chandeliers, in 1931.

Now, the Wetherby Whaler group, which has four restaurants and takeaways in Yorkshire, said it would invest £500,000 on refurbishing the restaurant to become its flagship branch.

A spokeswoman for the group said the famous chandeliers would be updated with new fittings and it was hoped that the original “shed” could be preserved.

Phillip Murphy, who launched the Wetherby Whaler with his wife Janine in 1989, said: “The famous fish and chip restaurant in Guiseley is the spiritual home of fish and chips in England. It would be a national scandal if it were to close at this time of economic uncertainty.

“Our investment has saved a Yorkshire landmark and will ensure the tradition of fine fish and chips continues at this important location.

“The new Wetherby Whaler in Guiseley will be our flagship restaurant. We expect it to recapture the atmosphere and flavours of Harry Ramsden’s best years.

“We are confident that with the right investment, careful attention to detail, great-tasting fish and chips and excellent value for money, we will make a lasting success of this new venture and return the restaurant to its glory days.

“Our family-owned business is built on solid foundations and this has given us the confidence to invest. It fits perfectly with our business strategy of controlled growth and accentuates our belief that Yorkshire is a great place to do business.”

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(1) mobile (1) more important (1) near the village of Conquista (1) northern Spain is the place to go (1) on the border of Castilla La Mancha (1) opened a spectacular fine art museum in her home town (1) or a galaxy--everything that we know of is changing (1) people don't really want to be happy (1) people don't really want to change (1) power failures (1) prohibiting nudism and sexual activity on the beach (1) real estate company Reyal Urbis filed for insolvency after failing to renegotiate debt with its creditors. (1) says Obama (1) says study (1) says the X Factor supremo is one of the key reasons that his four-year romance with Nicole Scherzinger hit the skids. (1) she’s furious and has something she is desperate to get off that famously pneumatic chest of hers... (1) showing Rolling Stone Mick Jagger in the back of a police car: a great modern history painting. (1) six-year-old female falcons have proved an unmitigated hit through the Alicante portion of the Volvo Ocean Race (1) slow (1) star wars recreations of famous photographs (1) study of pathological altruism (1) thank each and every one of you (1) the American media giant that streams blockbuster movies and TV series over the internet (1) the Formula One chief executive (1) the daily Sun had systematically paid large sums of money to “a network of corrupted officials” in the British police (1) the famed London luxury department store (1) the long (1) the residences at the Mandarin Oriental in London (1) top 10 most expensive classic cars of all time (1) two Ferraris in one (1) we become (1) we tested our cockroach leg stimulus protocol on the squid's chromatophores. (1) were killed (1) where tickets cost a minimum £10 (1) which asserts the power of therapy to change the sexual orientation of gay people. (1) who is said to have ridden himself of a nasty skin complaint thanks to his visit to the Hedionda baths (1) windsurfer Nick Dempsey has the luxury of knowing a spot at London 2012 is already all but his and he's adamant he wouldn't have it any other way. (1) with all the extra opportunities for enjoyment that brings (1) workers pose nude for charity calendar sold under the counter (1) yellow jacket stun gun case for iphone (1)

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