People queue up to buy ''El Gordo'' lottery tickets in downtown Madrid

 November 16, 2011.

Credit: Reuters/Susana Vera

 

 

 

 Millions are out of work and a recession looms, all the more reason for Spaniards to dig deep into their pockets to gamble on the famous El Gordo (Fat One) Christmas lottery, the world's biggest jackpot, which will make a record payout this year.

 

"Things are tough this year, but I am definitely going to get a Christmas lottery ticket.. even if it's just one decimo," said Raquel, a 50-year-old taxi driver. The smallest lottery unit sold is a tenth of a ticket, or decimo, for 20 euros ($26.99).

This year alone the El Gordo Draw will pay out 2.5 billion euros to over 1,202,490 cash prize winners in Spain and around the world. First prize is worth 4 million euros, the highest amount ever and up 33 percent from a year ago. Sales are expected to match last year's despite the economic crisis, said lottery operator Loterias y Apuestas del Estado (LAE).

The tickets, drawn on December 22, are sold in 4,100 official kiosks throughout the country but can also be bought in a further 6,400 outlets such as newspaper kiosks. Local bars and shops also sell decimos.

Even in gloomy economic times, Spain has been battered by the euro zone debt crisis and has the highest jobless rate in the European union, 90 percent of adult Spaniards play the Christmas lottery pooling money with workmates or friends from the neighborhood bar.

In the remote northern Spanish village of Sort, which means "luck" in the local Catalan language, Xavier Gabriel, owner of "The Golden Witch" lottery outlet, has sold out of El Gordo tickets and is now focused on the annual January 5 "El Nino" draw.

"We can't close on Saturdays for lunch... We had 200 motorbikes, 500 cars and eight coaches bringing people up here for El Gordo ticket and it was the same thing on Sundays," Gabriel said.

"The Golden Witch" is the most successful lottery outlet in Spain in terms of sales and sold the winning El Gordo number in 2003.

Gabriel has an established base of overseas clients who buy their Christmas lottery tickets over the internet.

DEFYING THE CRISIS

Becoming a millionaire for Christmas or even having the chance to share in one of the millions of cash prizes is appealing to many Spaniards as they struggle to weather the worst economic crisis in generations.

The Spanish Organization for the Blind (ONCE), which runs a weekly lottery, sold out in Madrid for its draw on November 11 this year.

Spain's center-right People's Party stormed to a crushing victory on Sunday over the Socialists whom voters blamed for the country's economic woes.

Prime Minister-elect Mariano Rajoy warned the country, however, that "difficult times are coming" as the new government tackles a steep public deficit threatening to push Spain toward a eurozone bailout.

Since the Fat One went on sale this year queues have been forming outside some of the most famous lottery kiosks in Spain's capital city Madrid.

"I always buy El Gordo at Dona Manolita. They've sold several winning numbers," said 45-year old Maria, currently unemployed, queued up at the kiosk in Puerta del Sol square in central Madrid, also the setting for the "Indignados" (or Indignant) protests against austerity measures earlier this year.

Some cash-strapped locals have made a beeline for the few outlets where they can use a credit card to buy their ticket.

"But there are not many of these outlets in Spain. It's cash in hand," said Juan Gallardo, Commercial Director at the state-owned LAE.

Spain will be glued to radios and television sets on December 22, listening to the monotonous chant of voices of a group of children from the San Idelfonso college, dressed in navy blue and grey uniforms, who sing out the winning numbers and prizes.

"It's the only draw where you really have a chance to win something...and you can see it on TV," Raquel the Madrid taxi driver said.

In 2010, El Gordo raised 2.7 billion euros in revenues for the state. Sales fell 0.2 percent in 2010 from 2009.

"The lottery is part of the Spanish DNA," said LAE chairman Aurelio Martinez earlier this year at a presentation of the planned sale of 30 percent of the lottery operator. The sale was pulled in September due to tough market conditions.

Read More

550 kilos of cocaine hidden in bananas intercepted in Algeciras

 

National Police have found more than 550 kilos of cocaine hidden in boxes of ‘top quality bananas’ which were being introduced into Spain via the port in Algeciras. The drugs were hidden in the plastic linings inside the cardboard boxes containing the bananas, found in containers which had come from Ecuador. The drug runners benefitted by the quicker customs procedures for fruit. 11 people have been arrested in Madrid, including the alleged head of the gang. The police investigation started in the middle of last year as a group of Ecuadorian and Colombian men who were planning to send a large amount of cocaine from South America to Spain were uncovered. The members of this gang had top security measures to avoid detection by the Police. Thanks to the methods discovered in that organisation, with the drug hidden in the plastic, it has been possible to make these latest arrests.

Read More

Hugh Grant romanced the mother of his child at a Chinese restaurant where she worked.

Pretty receptionist Tinglan Hong, 32, was known as Tin Tin by staff and entertained diners by singing on the karaoke.

She was born and brought up in China and dated the London restaurant and takeaway’s owner Marco Yu, 60, before falling for the upper-crust English actor’s charms.


The boss and staff were shocked when Tinglan announced she was pregnant with Hugh’s baby earlier this year.

Marco told the Sunday Mirror yesterday: “Tin Tin worked here for seven years and we were good friends. She’s a nice girl and a good worker. Everybody liked her. She comes from a good family and has a masters degree in travel and tourism so is very bright.

“I haven’t seen her since she went on maternity leave but I wish her the best of luck. I have no idea if she will come back to work. The company is still paying her maternity pay but there’s a job for her if she wants it.”

One regular at the Bayee Village restaurant in Wimbledon, South London, explained: “Hugh often visited the place. He’s a big Fulham Football Club fan and the players used to come in a lot too.

“It would have been impossible not to notice Tin Tin. She’s always smiley, friendly and one of those people that everyone just likes.”

Hugh, 51, worth £40million after hits like Notting Hill and Love Actually, had been seen kissing Tinglan at a pub in London. And they were photographed in April at a cocktail bar, though pregnant Tinglan was not drinking. They appeared awkward together and in deep conversation.

He was not present at the birth of his daughter, whose name has not been announced, six weeks ago but did visit soon after.

He had already moved Tinglan into a £1.2m property near his £3m home in Fulham. The actor’s spokesman said this week the relationship was a “fleeting” affair

Read More

Police on the Costa del Sol were yesterday hunting a gang who stole £1million of cocaine from a warehouse where authorities held seized drugs before destroying them.

Police on the Costa del Sol were yesterday hunting a gang who stole £1million of cocaine from a warehouse where authorities held seized drugs before destroying them.

The thieves used laser equipment to cut through the metal doors of the store in the docks at Malaga, the capital of the southern Spanish holiday coast. 

They struck when there were no security guards on duty and  it had been left to the paramilitary Civil Guard to watch the building.

The drugs were being stored in a warehouse in Malaga when the thieves struck

 

Drugs seized by police and customs are stored there for tests to be carried-out before the courts issue orders to destroy them.

Read More

Prison for man who left €5,000 bill at Marbella hotel

 

A MAN has been sentenced to a year in prison for failing to pay a bill of more than €5,438 at a luxury Marbella hotel. He had been staying at the Marbella Club on the Golden Mile for a week in September 2003 and during the stay, used different services which amounted to €5,438, which he left without paying. The hotel made a formal complaint but the trial wasn’t held until this year mainly due to difficulties locating the man. He admitted that he has stayed at the hotel but had refused to pay the bill because he thought it excessive for the services he had received. His lawyer maintained that he attempted to reach an agreement with the hotel, which the manager claims that he had shown no intention of paying, and that until the day of the trial, when he handed in €3,349, he hadn’t received any money from him. The judge considered that the man had intended to commit fraud and he was sentenced to two years in prison and the payment of the bill plus interests. He appealed, and Malaga Provincial Court, although maintaining that he intended to commit fraud, reduced the sentence by one year because he had attempted to repair some of the damage by bringing a large part of the money he owed to the trial to give to the hotel.

Read More

Gang targets wealthy diners

 

Diners at some of the city's most popular restaurants had their credit card details stolen by waiters working for gangs, who targeted customers with American Express black cards, then spent millions of dollars on expensive clothes and vintage wine, it is alleged. The cards of wealthy customers at Smith & Wollensky, the Capital Grille and Wolfgang's Steakhouse restaurants were allegedly "skimmed" and used to buy Rolex watches, Jimmy Choo shoes and Chanel handbags. Almost 30 people have been charged with crimes, including racketeering, conspiracy and grand larceny, after the alleged fraud ring was broken by police in Manhattan. Seven waiters at the restaurants are alleged by prosecutors to have been recruited by Luis Damian "D.J." Jacas, the 41-year-old alleged ringleader, and equipped with card-copying devices. They were instructed to focus on customers with premium credit cards, including the American Express black card, so that expensive purchases would not trigger alerts to customers. "The thieves were very selective, waiting until they were handed cards with extremely high or unlimited credit," said Manhattan district attorney Cyrus Vance.

Read More

Alice Walton, heiress to the Walmart supermarket fortune and the the 10th richest woman in the United States, opened a spectacular fine art museum in her home town

Architect Moshe Safdie looks out of a window next to a large red untitled magnifying disk sculpture by artist Fred Eversley at Crystal Bridges Museum of American Art in Bentonville, Arkansas. Photograph: Danny Johnston/AP

When Alice Walton, heiress to the Walmart supermarket fortune and the the 10th richest woman in the United States, opened a spectacular fine art museum in her home town, she might have expected plaudits and gratitude. It hasn't quite worked out that way.

The long-awaited opening of the Crystal Bridges Museum for American Art in Walton's home town of Bentonville, Arkansas, has provoked mixed reactions. Some have celebrated the unveiling of a significant new private art institution, but many have criticised the decision to spend $1.4bn of company and family foundation money as the retail colossus cuts back its workers' benefits.

Protesters at the museum have informally joined forces with the Occupy Wall Street camps across the US and point to growing ties between the Occupy movement and established trade unions.

The museum, which opened last weekend and features a survey of American art from Benjamin West to Georgia O'Keefe, from Norman Rockwell to Andy Warhol, and from Joan Mitchell to Walton Ford, has also come under criticism from within the art establishment for both inflating values and buying masterpieces from impoverished art institutions without giving local institutions a chance to match Walton's offer.

While historians point out that this is little different from 19th-century robber barons such as Henry Clay Frick and Andrew Carnegie amassing vast collections of European art and bringing it to America, the prospect of hundreds of masterpieces in rural Bentonville, two hours' drive from Tulsa, is still controversial.

Walton, at 62 the youngest of Walmart founder Sam Walton's four children, started buying specifically for the project in 2005. The Moshe Safdie-designed institution, which sits in 120 acres of dogwood trees and trails minutes from downtown Bentonville, already has 440 works on display and 800 in storage.

"We set market records for very few pieces that we purchased," says curator, David Houston. "But there is latent criticism from an east coast elite that bringing a famous painting like Thomas Eakins's [$68m] Gross Clinic to Arkansas is itself an act of cultural vandalism. We're bringing art to the public, but it's a different kind of public, and there are social and political connotations to that."

In the week since Crystal Bridges opened, it has already seen 5,000 registered visitors. "Sheer curiosity and hunger for an institution like this bears out Alice Walton's vision," Houston says.

Ben Waxman, spokesman for the union-affiliated Making Change@Walmart, said: "Opening a huge, opulent museum in the middle of nowhere while the company is cutting health insurance for its employees is troubling. It sends the message Wal-Mart doesn't care about them."

The issues of wealth distribution that have brought art into conflict with the labour movement at Crystal Bridges have also been on display at Sotheby's during the billion-dollar modern, impressionist and contemporary sales earlier this month in New York.

Since August, when Sotheby's dismissed 43 unionised art handlers, its salesrooms have been besieged by Teamsters union members, bearing an inflatable rat and a fat cat banker with a cigar in one hand and throttled worker in the other. "The company is having its most profitable year in 267 years and they locked us out in the middle of our contract," said Teamsters member Phil Cortero. "Sotheby's represents the richest people in the world. When you lose your shirt down on Wall Street you come and hock your stuff here."

Increasingly, the Teamsters are joined by Occupy Museum activists, chanting "We are the 99%!" They protest that the multimillion dollar art handled by auction houses is used to maintain and transfer the wealth of the 1%.

Outside Christie's, which is not involved in the dispute, Los Angeles property developer Eli Broad, one of America's wealthiest men, confirmed as much to the New York Times. "People would rather have art than gold or paper," he said.

OWS Labor Outreach member Mike Friedman said that Occupy had no problem with the art itself. "But at a time when we're seeing cutbacks in health and education spending, we're seeing the transfer of wealth by way of tax cuts and subsidies to an elite who use excesses of that transfer to buy these magnificent works of art."

With the end of the Zuccotti Park sit-in, Occupy says it plans to initiate focused protests against cultural institutions associated with big Wall Street donors. It has singled out Lincoln Center, home to the New York Philharmonic, the Metropolitan Opera and New York fashion week, which is financially supported by Tea Party funder David Koch.

Back at Crystal Bridges, Houston argues that it will take years to see the full effect of how the Walton family has used its wealth. The family foundation is active in a whole variety of charitable activities, many of them educational, he says. "Their intent is not to create a shrine to an individual or even a family. Their goal is to create a tremendous cultural resource in this part of the world."

Read More

British woman falls off hotel balcony when having sex

 

There has been another case of balconing in Spain, this time in Adeje, Tenerife, and with the twist that the victim was having sex with her husband at the time she fell. The British tourist who fell several metres then got her ankle caught between the bars of an internal staircase was left hanging there, head down and totally naked until the emergency crews arrived. 49 year old A.M.A.M. had been having sex with her husband against the railings on one of the public areas of the hotel and in the frenzy, the railings gave way. The husband called the emergency services and the local and national police arrived with a fire crew. After their initial surprise, the managed to release the woman’s trapped right leg, and she was taken for observation to the Hospitén Sur.

Read More

Bee Gee Robin Gibb Fighting Liver Cancer

 

Bee Gee Robin Gibb, who has been increasingly frail in recent months, has been diagnosed as suffering from liver cancer. The 61-year-old learned he had the disease several months ago, but the news only emerged this week when he was rushed to hospital. He is reported to have spent five hours in hospital in Oxford on Tuesday before being allowed home, and his brother and bandmate Barry is reported to have flown to see him - along with his 91-year-old mother Barbara. A source told The Mirror: "Robin is not good and there is a lot of concern for him. You can use your wealth to call in the best experts but sometimes no amount of fame, prestige and money can change things when it comes to cancer. "But Robin is a strong character, he is a fighter and has been encouraged by all the online messages from his fans. Dwina is doing everything ­possible and hasn’t left his side. "There will be difficult times ahead but Robin will never give up and his loving family will make sure he has everything he needs. There is ­frustration because Robin has always looked after himself. He doesn’t drink, eats well and exercises daily."

Read More

shiny Audis and BMWs that still line the narrow streets of Benalup are a reminder that this Andalucían country town once boasted the greatest number of luxury cars per head in the south-western province of Cádiz.

 Photograph: Tracey Fahy /Alamy

The shiny Audis and BMWs that still line the narrow streets of Benalup are a reminder that this Andalucían country town once boasted the greatest number of luxury cars per head in the south-western province of Cádiz.

These days this charming place, set bull-rearing countryside inland from Gibraltar, holds a different kind of record: not only the worst unemployment rate in the country, but the worst in Europe.

"I don't know whether they can fix this," said 19-year-old Juan Carlos Gutiérrez, one of hundreds of young people who dropped out of school and now drift between part-time work, training courses and the dole queue. "I've picked asparagus and worked in a packing factory, but the jobs never last. The future is screwed."

"Everyone our age is out of work," agreed Nora Pérez, 22, as she waited for the hearse bringing her grandmother to her funeral in the picturesque square of Our Lady of Perpetual Help. "My father went to Germany when he was young. Our generation may emigrate as well. Some of my friends have already left."

A grey-bearded, bespectacled man grins from a campaign poster overlooking the tiny ornamental gardens and bandstand on San Juan Street and calls on the people of Benalup to "sign up to change". He is Mariano Rajoy, the conservative People's party (PP) leader set to become Spain's prime minister at the general election on Sunday.

Rajoy will inherit a country in crisis. Growth is zero and unemployment has hit 23%. In Cádiz province, one in three is jobless. In Benalup 1,500 adults are without work. In a country where 46% of the under-25s cannot find employment, Benalup's unqualified youngsters are getting desperate.

"Many got into debt when times were good, buying houses and cars and starting families," says Ricardo Jiménez, who runs the local branch of the Catholic charity Caritas. "Families are very close and help one another out, but we already help 80 families and more come every month. Some are asking for help to feed their babies," he said. That means almost 5% of the town needs church handouts.

Others are handed money by the town hall or given whatever jobs local politicians can invent. "If we have to dig a ditch we do it by hand, rather than with a digger, because that way we employ more people," said councillor Manuel Moguel.

When Luis Moreno, 23, left school five years ago there was no need to worry about finding a job. All you had to do was walk on to a building site. "It was very simple," he says.

Now he receives €526 (£450) a month to attend a training course designed to turn a dozen locals into graphic designers, though design jobs are not plentiful in Benalup. "We have to learn new skills," he says. He is one of the lucky ones. Courses like this are heavily oversubscribed.

As markets demand ever higher interest payments for lending Spain money, and the European Union instructs its politicians to slash its deficit, public money is drying up. Yields on Spanish debt have now overtaken Italy's and soared to the same levels at which Greece and Portugal needed to be bailed out. And if Spain – a much larger economy – fails, then it may bring down the euro.

Spain's biggest problem remains the money owed to banks for property or land bought during a decade-long boom fuelled by cheap credit. The rows of unsold new homes in Benalup are evidence of Spain's housing bubble, which burst in 2008, leaving 700,000 unsold new houses on the market.

By 2004, more than 80% of Benalup's labour force worked in construction, building homes or holiday apartments along the nearby Mediterranean coast.

"Kids left school at 16 because they could earn €3,000 a month working a three-and-a-half-day week," says Moguel. "I had university-trained engineers working in my company who were earning less than that."

As money poured into people's pockets, the number of banks in town doubled. La Caixa, a newly arrived savings bank, started a local lending war – its manager winning awards. "Kids were buying houses and cars with the loans. And those who already had a house bought another one," says Moguel.

Now the town is plastered with "For Sale" signs from Servihabitat, the real estate branch of La Caixa, which is repossessing properties – though owners must still pay off their full debt after homes have been taken away. "That's unfair. You can't have a bank saying your home is worth €180,000, lending you the money and then repossessing it at half that price," says Moguel, a Socialist. He is uncomfortably aware that Spain's torrid affair with speculative capitalism happened largely on the watch of the Socialist government led by outgoing prime minister José Luis Rodríguez Zapatero.

Even in Benalup, where the Socialists once won 90% of the vote and which still remembers the bloody suppression of an uprising by local anarchists in the 1930s, the vote is now sliding to the right. "It used to be tough in this town to be from the People's party, but we won 43% of the vote at municipal elections in May," says Vicente Peña, a 40-year-old veterinarian who heads the party's local branch.

Peña delivers the same diagnosis of Benalup's ills as his Socialist opponents. "Too many people dropped out of school to become bricklayers. They can't even write a sentence properly."

Vicente Ruiz, owner of the El Buyí bar, will vote for Rajoy. "When Caritas is the biggest employer in town, things are really bad," he says. "It is shameful to have to ask for charity. What we need is a Mrs Thatcher."

Public money is being spent on silly projects, clients in his bar agree. "I've had 60-year-old women coming to bricklaying courses," says one, Nicolás. "It is ridiculous, but they each get their own overalls and hammer."

Peña says that, among other things, people will have to go back to the land. But even there things are going badly. Local horses, bred at stud farms set up as a trophy hobby by nouveau riche local builders, are now being sacrificed for meat and exported to dinner tables in northern Spain.

Pura Raza Española ponies are going for €150. Even fighting bulls are on the decline. "Town halls subsidised many bullfights," says rancher Salvador Gaviria. "But now they have no money, so the market is sinking." The number of bullfights across Spain has fallen by a third as a result.

Benalup is too far inland from the beach to attract tourists. A golf resort set up by a Belgian company, Fairplay, is said to be struggling. The Hotel Utopia, a boutique-style establishment that opened recently, was almost empty this week.

Spaniards hope Rajoy, who has been deliberately ambiguous about his austerity programme and liberal reform plans, can fix their problems. "If changing to Rajoy is going to solve everything, then why haven't the markets – which know he is going to win — shown they trust him?" asks Moguel.

Rajoy will come under immediate pressure to reveal how he plans to square a budget that needs some €41bn of savings next year. Those must come on top of austerity measures already imposed by Zapatero, who cut civil service pay and froze pensions.

Alberto Ruíz Gallardón, PP mayor of Madrid and a probable minister, has called on the socialists to hand over power quickly. "It could be dangerous to prolong the caretaker period," he says.

But parliament does not meet again until 13 December and it may take another fortnight to appoint Rajoy formally. Even if he takes over immediately, jobs are unlikely to reappear in Benalup.

Fortunately it retains the Cádiz tradition of laughing at adversity. Benalup's carnival musical groups are already practising the typicalchirigota songs that parody the powerful. Rajoy, Angela Merkel and the European Central Bank can all expect to feature in them by the time carnival comes around in February.

Read More

British bonds win 'safe haven' tag in eurozone debt storm

 

British government bonds are attracting strong support, in sharp contrast to their troubled eurozone peers as investors seek a safehaven from a debt crisis now spreading to Italy, Spain and even France. British government bonds, or gilts as they are known, are in huge demand largely because the Bank of England is buying them up with newly-created money that it hopes can in turn be used to stimulate an anaemic economic recovery, analysts say. But investors are also reassured by the British coalition government's determined efforts to slash state debt and avoid the severe troubles that have snared the crisis-hit eurozone trio of Greece, Ireland and Portugal.

Read More

TWO MILLION EUROS CLAIMED AFTER CANCELLED STONES CONCERT

The PP mayor of El Ejido in Almería, Francisco Góngora, has criticized the "negligence" of the former government team and announced that the city council are to begin legal proceedings against the promotions company who were to stage a concert by the Rolling Stones in 2006.

Following the findings of "many irregularities" in the case, the council are now seeking to claim a total of 2,251,000€, which they feel they are owed, in view of the cancellation.

The announcement was made at a press conference in which Francisco Góngora claimed that there was a “contractual obligation” by the promoter to ensure that the concert went ahead and that even if the company were insolvent, then they would seek recompense from the individuals responsible for the incomplete commitment made to the previous government team.

Information indicates that there was a contractual clause that stipulated that insurance must be provided that should the concert be cancelled, then the promoter would be able to repay any money owed, in full, through an insurance claim. It is believed that this insurance was never provided.

Although some money is said to have been returned, it was only about half of the 4.176 million euro that the city had paid for the organisation of the concert.

There also appears to be a lack of information as to where the money actually went and who might be accountable for the cash given to the company by the council. There have also been allegations made that this whole case could be part of a much wider campaign of both political and corporate corruption.

Now, reviewing the clauses of the original contract, it has been found that the rights to claim the money back would expire after 15 years.

Góngora, also stated that there were economic losses of 2.6 million euro recorded after the second concert by the Rolling Stones in El Ejido held in 2007, which were due to "mismanagement" whereas the projected ticket sales were calculated at 60,000 attendees, but only 20,000 tickets were actually sold.

Referring to the award of the second contract by the previous council, Góngora  stated that "despite the failed previous contract they rehired the same company for four million euro of which they did not deduct anything owed," continuing that he considered the failings to be down to the complacency of the previous PSOE government.

The Ministry of Interior for Andalusia had already imposed a 60,150 euro fine on the organisers for breaching the rules on show cancellations in failing to return ticket money within the maximum four days which is set out by the governing body. In actual fact, it took several weeks for the organisers to return the money raised on the 50,500 tickets sold for the cancelled concert.

Read More

A NEW breed of super-rich is crawling out of the mahogany woodwork in Australia.

 

A NEW breed of super-rich is crawling out of the mahogany woodwork in Australia. With the recent mining boom and strengthening dollar, a new report has revealed that more than 2500 individuals are worth at least $US30 million. The report, the first conducted by Sydney-based Wealth-X - which describes itself as a wealth intelligence firm - showed that 2750 Australians earned at least $US30 million (30 of them are billionaires). Wealth-X Australia vice-president Adrian Jenkinson said the number of ultra-high net worth (UHNW) individuals reflected the strength of the resources boom. "A lot of the wealth is a result of the current economic environment ... (especially) around mining and mining-related services," he said. "It's directly linked to the commodities boom." Clive Palmer did not make the cut with the survey valuing him at a paltry $1.27 billion, far below the Sunday Mail Rich List estimate of $6 billion. But Queensland-born Chris Wallin, of QCoal, made 7th position with a net worth of $US3 billion. The top three were Gina Rinehart, with a net worth of $US10.1 billion, Ivan Glasenberg at $US9 billion and Andrew "Twiggy" Forrest $US4.9 billion. Mr Jenkinson said the majority of UHNW individuals had become wealthy for the first time. "Unlike Europe, where you have large pockets of old wealth . . . these are people who are becoming very wealthy for the first time," he said. He said the new generation would retain its newfound wealth through smart banking and investing, but they were still willing to indulge in luxury "playthings". "They're interested in luxury goods - art, watches, boats, planes and helicopters," he said, adding that traditional investments such as property and motor vehicles would always be popular. Mr Jenkinson said Wealth-X had only recently been introduced to Australia but the organisation planned a number of connected studies on the rising number of ultra-rich individuals. He said people would always be interested in the studies, with the public and media constantly fascinated by the ultra-wealthy lifestyle. "They're always interested in what the ultra-wealthy are doing and what they're buying," he said. But he said the survey also helped the wealthy individuals to better connect with each other. "It helps people in the overall investment community understand where the money is," he said.

Read More

Gaga may once again have offended the pious as she emerged as a decapitated corpse from a confession box

Gaga may once again have offended the pious as she emerged as a decapitated corpse from a confession box, and that too with a crucifix in the background. No doubt the elaborate attire came off as she began to perform and came to a more natural avatar of fishnet stockings and a black lace bodice.

The Grammy-winner was clearly excited about performance when she tweeted earlier, "So excited to perform Marry The Night on X Factor UK tonight! Will sing my head off for England!! Almost time X-FACTOR! Also get ready monsters cuz #MarryTheNight officially impacts radio next week! Thanku to stations that added it early!"

Now we realise she meant it quite literally!

 

 

Read More

Dominique Strauss-Kahn has demanded to be questioned by judges investigating an alleged prostitution ring, after media reports linked him to the case.

 Photograph: Miguel Medina/AFP/Getty Images

He is keeping a low profile in Paris, has grown a white beard, and polls show he is the least popular politician in France.

Dominique Strauss-Kahn, forced to quit as head of the IMF and shelve aspirations to become the next French president, had hoped to find solace in France after criminal charges were dropped against him in New York over the alleged attempted rape of a hotel cleaner. But he is dominating the front pages again after his name was linked to a high-profile investigation into an alleged prostitution ring at a luxury hotel in Lille.

The Hotel Carlton affair centres on allegations of pimping at top hotels in the northern French city, where women from France and massage parlours in Belgium were allegedly supplied for hotel customers and local officials. Eight people are under formal investigation, including a senior police officer, a local barrister and businessmen. Five have been imprisoned as the inquiry continues.

The investigation raises questions about the links between police and business figures and the underworld of sex work in France and Belgium. Prostitution involving people over the age of 18 is not illegal in France but pimping and living off the benefits of it is.

The affair took a new turn after Strauss-Kahn's name came up in statements made to investigators, according to a series of leaked transcripts published in the French media in recent weeks.

Businessmen were alleged to have paid women to travel to Paris and the US to take part in "soirées" with Strauss-Kahn at his own request, including when he was head of the IMF and tipped to become the next French president. Le Monde reported that one senior French police officer had travelled twice to Washington DC last year with businessmen, including the head of a Lille-based construction firm, to accompany a group of women who worked in massage parlours in Belgium to see Strauss-Kahn. The former head of the IMF was said to have received three visits from the group in Washington. The last visit ended on 13 May, the day before he was arrested over the attempted rape of a hotel maid in New York.

The senior Lille police officer and two businessmen deny involvement in prostitution.

The first evening organised for Strauss-Kahn was said to have taken place at a luxury Paris hotel in 2009. One sex worker, whose testimony was published by the weekly Le Point, described being accompanied by businessmen on the train from Lille to Paris to meet Strauss-Kahn, who was wearing a bathrobe, and others in a duplex hotel apartment with a pool. She said she was paid €900 (£770) by a businessman on the way back to Lille that night. Other alleged encounters took place in 2010.

A Belgian sex worker in her 30s, known as Jade, told the French newspaper, Nord Eclair, she was taken to Washington for an encounter with Strauss-Kahn in a hotel in January 2010 and paid by businessmen on her return to France. She said Strauss-Kahn showed her around the IMF building and posed for a photograph with her in his office the next day.

But the saga took another twist this week when French media, including Liberation and Le Point, published text messages allegedly sent by Strauss-Kahn to a businessman in the case, which are being investigated by police. In one message, Strauss-Kahn, then head of the IMF, asked if the man wanted to accompany him to a "magnificent" swingers club in Madrid, suggesting he bring "material" – thought to mean women. In another, he said he was taking a girl, "une petite", to clubs in Vienna and would the man like to come with a "demoiselle", or "Miss". A few days later he asked if the "suite with pool" had been booked. The text messages do not explicitly refer to prostitution.

Strauss-Kahn issued a statement through his lawyers on Friday demanding to be interviewed by investigative judges in the case as soon as possible, and denouncing a "media lynching". The statement said Strauss-Kahn was ready to "explain himself" not before the tribunal of public opinion but "in front of those running the judicial inquiry". Last month, his lawyers urged judges to interview him so he could answer what he deemed "hasty and malevolent" accusations.

Strauss-Kahn's lawyer, Henri Leclerc, told the Guardian he had no comment to make on the case. He said his client had not yet been interviewed by investigators.

If Strauss-Kahn had consenting, paid-for encounters with sex workers aged over 18, it would not be a crime in France. But the publication this week of text messages to one businessman mentioning meetings with other top Socialists, raised questions about whether the men could expect political access or favours in exchange for providing what one had termed "girlfriends, meaning prostitutes" for him.

One businessman in the case said he paid for flights and costs. He is believed to have spent thousands of euros of company money on organising soirées for Strauss-Kahn, putting receipts marked with the initials DSK through his expense accounts. He told investigators Strauss-Kahn had not paid for anything.

The French media questioned Strauss-Kahn's behaviour during a period in which he was tipped to become the next president of France. "The net is tightening around DSK," said the daily Le Parisien on Friday.

Read More

Sarah Harding has completed her 2-month stint in rehab

Sarah Harding's ex Calum Best is glad she got the help she needed

 

 

The Girls Aloud star, 29, was treated for alcohol abuse and depression after calling off her engagement to DJ Tom Crane, 31.

Sarah and Tom were due to marry next summer after getting engaged this New Year.

'They've been in regular contact throughout her time away but only on the phone. They've spoken most days and it seems like they could have a chance of giving it another shot,' a source tells the Sunday Mirror.

Sarah's ex Calum Best, 30, is glad that Sarah got professional help.

'Everyone has their dark times, but Sarah's strong and will come out of this period even stronger, he told us last month

Read More

How a Financial Pro Lost His House

 

ONE night a few years ago, when the value of our home had collapsed, our debt was out of control and my financial planning business was shaky, I went to take out the trash. He wrote a book based in part on lessons learned by losing his Las Vegas home in the housing crisis. There was this enormous window that looked right in on the kitchen table, and through it I could see my wife, Cori, and our four children eating dinner. It was dark outside, so they couldn’t see me, and I just stood there looking at them. After a while, I pulled up a bucket and I sat on it, just watching my children eat. I found myself wishing that I could get back there, connected to the simple ordinary stuff of my family’s life. And as I sat and watched, filled with longing and guilt, two questions kept arising: How did I get here? And how am I going to get out of this? There are many stories these days of people who lost their financial bearings during the housing boom and the crisis that followed, but my story is a bit different from most. I’m a financial adviser. I get paid to help people make smart financial choices, and I speak and write about personal finance issues for this publication and others. My first book comes out in January, “The Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money” (Portfolio, a Penguin imprint). The thing that few people know, though, is that I learned a lot of this from experience. I made a bunch of mistakes, the very same ones that I now go around warning people to avoid. So this is the story of how I lost my home, the profound ethical questions that arose along the way, and what my wife and I learned from the mistakes that led us to that point. It made me better at what I do, but it wasn’t much fun getting there. Like most financial stories, this one is personal. It starts with me getting into the financial services industry more or less by accident. I answered an ad in 1995 that I thought was for a job related to “security” (as in security guard) but was in fact related to “securities.” That’s how little I knew about the stock market. A few months later I found myself working a phone at a Fidelity Investments call center. Things went well, and by 1999 I was a Merrill Lynch financial adviser and a certified financial planner. By then, we also owned a house in Salt Lake City. We’d bought it two years earlier, with a $25,000 down payment. A few years later, an opportunity arose to form a partnership with a successful Merrill adviser in Las Vegas. The place was on our top 10 list of never-move-to cities because we had always associated it with the Strip. But Cori and I were looking for an opportunity to have an experience somewhere else, and we met some great people when we visited the city. I took the job, and we moved down there. That was May 2003. Housing prices were already crazy, so we rented. But our neighborhood had zero character and lots of cookie-cutter houses. Within a few weeks, we were looking for a place to buy. I felt we could afford around $350,000. We called a real estate agent named Mitch, who had signs on all the bus stops: Talk to Mitch! He picked us up in a gold Jaguar, and suddenly we were looking at houses that listed at $500,000 or more. It felt a little crazy to be shopping for houses that cost half a million dollars, but my income was growing rapidly. Everywhere I looked, people were being rewarded for buying as much house as they could possibly afford, and then some. There was this excitement in the air, almost like static. I started to think that if I didn’t buy a house right then, I would never be able to afford one. At moments during our house hunt, I felt in my gut that something wasn’t right. We’d go to open houses for $400,000 homes and see lines of couples in their late 20s — younger than we were — waiting to get inside. I kept wondering where all the money was coming from. How did all these people make so much?

Read More

BOTTOM five most hated airports

5. Ninoy Aquino International, Manila, Philippines

 

Wear a helmet -- the first collapsed ceiling in 2006 at Ninoy Aquino International Airport.

Beleaguered by ground crew strikes, unkempt conditions, soup kitchen-style lines that feed into more lines and an overall sense of futility, NAIA brings the term “Stuck in the 1970s” to a new level.

 

At Terminal 1 all non-Philippine Airlines remain crammed despite serious overcapacity issues and a new and underused Terminal 3 is occupied by a few minor carriers. 

A rash of bad press this year (including a “Worst in the World” ribbon from Sleeping in Airports) was capped by a collapsed ceiling in T1, a paralyzing ground service strike at T2, and the usual charges of tampered luggage, filthy restrooms, seat shortages at gates, re-sealed water bottles sold in retail shops and an Amazing Race-style check-in routine spiked with bureaucracy, broken escalators, lengthy Dot Matrix passenger lists and creative airport departure fees. 

Read more on CNNGo: World's busiest airports announced

4. Toncontín International, Tegucigalpa, Honduras

 

Over-priced corn chips will be the least of your worries.

When do the most common airport gripes about inefficiency, uncomfortable gate chairs, dirty floors and lousy dining options suddenly become irrelevant? When you’re preoccupied about whether your 757 will actually be able to stop before the runway does. 

 

Nestled in a bowl-shaped valley at 957 meters above sea level, Toncontín’s notoriously stubby, mountain-cloaked landing strip was recently lengthened another 300 meters following a fatal TACA aircraft overshoot in 2008.

Not enough though to avoid being named the “second most dangerous airport in the world” by the History Channel. 

Nepal’s hair-raising Tenzing-Hillary Airport in the Himalayas is the top seed, but receives fewer gripes from its thrill-seeking Everest-bound clientele.

Read more on CNNGo: Shanghai Pudong International Airport: Fifth best in the world

3. London Heathrow, London, England

 

"You'll fly through departures -- at the speed of a penguin."

Depending on which of Heathrow’s five terminals one is funneled through, the average experience at the world’s third-busiest airport ranges from mildly tedious to "Fawlty Towers" ridiculous. 

 

With its rash of -- as they were politely called -- “teething problems” in bright and airy T5 (remember that riotous grand opening with 34 canceled flights?) and nicely matured problems in Ts 1, 2 and 3, the issues passengers are beset with run the gamut.

Parking messes. Busted baggage carousels. Deadlocked security lines. Long walks (or, more commonly, runs) between gates to a frenzied soundtrack of “last call” announcements. Realizations that getting out of Heathrow took longer than actually flying here from Madrid. 

In the airport “where the world changes planes,” it all boils down to a chronic inability to cope with this many people. Plans for a sixth terminal should help sever even more nerves.

2. Los Angeles International Airport, Los Angeles, United States

 

It's not even a good spot for celebrity sightings.

If the world’s seventh-busiest flight hub was an old ballpark resting on the stale reputation of its Dodger Dogs and that great 1959 series, LAX might have some endearment value. 

 

But it’s an airport -- a dramatically undersized and moribund one with the architectural élan of a 1960s correctional facility and several publicized concerns about how its 1,700 takeoffs and landings a day can be sustained in a facility a fifth the size of healthier cousins like Dallas/Fort Worth. 

The unsupportive donut-shaped design -- it’s been called “eight terminals connected by a traffic jam” -- makes dashing between airlines feel like a diesel-scented cardio test. 

Plunked in the middle is the airport’s landmark Jetsons-style restaurant and only mentionable amenity, Encounter, but how does one actually get inside this place -- at least before being nailed for a petty traffic violation by some of the most ticket-hungry airport cops west of the Mississippi?

Read more on CNNGo: World's most terrifying airports

1. Paris-Charles de Gaulle, Paris, France

 

Don't expect to make friends during a storm closure.

“A great country worthy of the name,” President Charles de Gaulle once opined, “does not have any friends.” 

 

True or not, it’s this sort of attitude that has helped CDG become the most maligned major airport on earth. What’s fueling it? 

Grimy washrooms with missing toilet seats don’t help. Nor do broken scanning machines and an overall lack of signage, gate information screens and Paris-worthy bars, restaurants or cafés.

The baffling circular layout is worsened by warrens of tunnel-like structures, dismissive staff and seething travelers waiting forever in the wrong queue. 

The worst part may be this airport’s aura of indifference to it all. “Waiting for a connection here,” notes one commuter, “is like being in custody.”  

If you’re actually staying in Paris, you may be okay. If you have the gall to just be passing through between Malaga and Montreal, you can cut the spite of this place with a cheese knife.

Read More

Murdochs are not a mafia – but the family firm is in meltdown

 

There are times to push fine detail and finely timed memory losses aside and ask: what makes sense? And thus the fall and fall of the House of Murdoch continues. Young James is so smart, so smooth, such a master of dead bats and – yes! – detail. He's a clever lad. Why, then, did he act so stupidly? And why did those who were supposed to protect him, in loco parentis, do such a lousy job? We're not talking corporate governance here: we're talking family. Tom Watson may have pushed his mafia metaphor a tad too far at the committee grilling last week, but the family and its faithful, well-remunerated retainers are what matter most. See everything that Rupert has done over the last 20 years as family first and it all begins to fall into place. Take Les Hinton, the head butler at Wapping Abbey at the time. Did he brief Rupert Murdoch as Clive Goodman went to prison? How could he not have? Murdoch senior is always on the phone. He'd be chatting to editor Andy Coulson just as he'd chatted to News of the World editors down the years. Would Rupert have left his de facto heir to sink or swim in this rancid pool without full briefings and full protection? Of course not. Take Rebekah Brooks, the tabloid queen waiting to climb the management ladder when young James arrived. She'd been editor of the News of the World; she was editor of the Sun, just a few corridor yards away; Andy Coulson was her former deputy, her pick for the top, her boy. Didn't she see the perils post-hacking? Surely she wouldn't let James fall into the mire. Or take Colin Myler, the last editor of the News of the World, the Mr Clean chosen to clear up the whole damned mess. Hugely experienced, a previous editor of the Sunday and daily Mirror; an honourable guy who took the fall when a high-profile trial was stopped because people on his staff made mistakes. How did Myler come to Wapping, then? Because, after almost seven years' exile on Murdoch's New York Post, he was the safe pair of hands Rupert chose personally to put things back on track. And today? Les Hinton is history, dumped from Dow Jones as the family scrabbles after a safe haven. Rebekah is history, too, left with an office, a chauffeur and £1.7m to keep her warm. While Myler is suddenly the enemy, the loyalist inexplicably contradicting James about what James was told and siding with Tom Crone, the paper's equally suddenly reviled lawyer. Does any of this make the remotest human sense? If some revered TV scriptwriter (say Peter Morgan) wrote a series about newspaper life in which nobody gossiped, nobody got drunk, nobody told anyone anything, he'd be laughed out of the studio. The entire farrago doesn't hold for a second. With Scotland Yard knee-deep in unread emails, there's nil chance of that unsteady state ending any decade soon. Proof – in any bewigged form – will probably only emerge much later: but proof, in a thumbs-up or -down way, is commodiously available already. An over-protected fool or a desperate man cornered? It's a sad, sad choice, but amounts to much the same thing either way. Protectors didn't protect. Instead, they were jettisoned one by one. And perhaps the saddest – nay, tragic – explanation of what went on is also the most benign. James wasn't interested in tabloid blunders, or even playing executive chairman to them. He loved digital, TV, the future. He was bored, bored, bored by lawyers and their letters. His father, the dad who must be obeyed, had made him serve his time; but his mind kept wandering away to the fields he loved. There's the tragedy for the son and the family, but worst of all for Rupert. Those who didn't quite believe it in the summer must surely acknowledge it now: James Murdoch can never sit at his father's desk. The whole succession scenario is bust. The Murdoch hegemony stops here. No sentient shareholder is going to let the family run things hands-on any longer. Just sit back and cash the dividends. There may be more rumours about a Sun on Sunday come the dawn of 2012, but forget them. We can't even be sure there'll be a Sun if James's readiness to shut it (should more hacking be discovered) is tested. There won't be any clear, calm, imminent moment when, all passion spent, the Bun seems wholesome again. Trinity Mirror, its profits bulwarked by the greatest ever stroke of luck, can carry on smiling. The murk of 2011 will just linger on (oozing into view every time Tom Watson mentions a new private eye). Those who like strong medicine and stronger penalties against malfeasance may care to count the payback thus far. For Murdoch: no heir, no News of the World, some $90m (£56m) gone, a reputation and an influence lost, a family at war. For James: no glowing future. For many of the rest of the gang: no jobs and possibly no freedom either. Retribution doesn't come crueller than this. Hacking can damage your health, wealth, your nearest and dearest. Hacking has sundered the biggest media empire in the globe: and many things, including Wapping and, less joyously, the papers that remain, can never be quite the same again. ■ The News of the World may be dead and buried, but a dogged Max Mosley is still trying to drive a stake through its heart. About 3,000 copies of the Nazi orgy story that incensed him circulated in France so, three years after the event, he went to Paris, launched another privacy case and (last week) won. Triumph? Only up to a point. The court awarded €32,000 in all (€10,000 as a state fine, €7,000 (£27,000) as Max's damages and the rest as costs). That doesn't sound much, sniffed Britain's finest media eagles, barely worth putting on a wig and gown for in the Strand. His French lawyer thought Max had done pretty well – but the tariff, by Strand standards, is low, low, low. Whether it's under French law or the European Convention on Human Rights, you can make a point over the Channel, if you must: but you won't make a mint.

Read More