CHANNEL NEWS

STAR WARS DETOURS™ Trailer

2012-08-25T03:43:00.001-07:00

Dragon & Phoenix Maki-e Limited Edition Ivory Celluloid Fountain Pen by VISCONTI

2012-07-30T02:13:00.002-07:00

Dragon & Phoenix Maki-e Limited Edition Ivory Celluloid Fountain Pen by VISCONTI:

mclaren 12C spider convertible

2012-07-03T11:40:00.001-07:00

'MP4-12C spider' by mclaren

mclaren automotive has produced its second 'MP4-12C' model, the '12C spider'. bred through the essence of a race car, the '12C spider' incorporates a

convertible roof explicitly designed to let users experience the sounds of the vehicle's V8 twin turbo engine. unlike many other convertible models,
the hard top roof can be operated whilst moving at speeds of up to 30 kph (20mph) taking less than 17 seconds to raise or lower. with the '12C' originally
designed as a convertible, its 75kg carbon fibre monocle frame required no additional strengthening for it to feature in the 'spider'.

closing the hard-top

the raising of the roof frees 52 liters of space for storage. in 2013, vehicle lift will be available as an option, allowing for the '12C spider' to be raised
in the front and rear for improved ground clearance, up to 40mm (1.5") at the front and 25mm (1") at the rear.

the MP4-12C will be launched in 'volcano red', one of 17 exterior paint finishes currently available for the '12C' and '12C spider'.
first deliveries to customers are planned for november 2012.

closed top

3/4 top view

3/4 rear view

top view

interior view

specifications:

0-62 mph (0-100 kph) : 3.1 sec
0-100 mph (0-161 kph) : 6.1 sec
0-124 mph (0-200 kph) : 9.0 sec
¼ mile (400m) : 10.8 sec at 134 mph (216 kph)

engine configuration: V8 twin turbo, 7 speed automatic

George Washington's copy of US constitution sells for $9.8m

2012-06-23T03:45:00.001-07:00

Portrait of George Washington, whose personal copy of the US Constitution and Bill of Rights fetched $9.8m at auction. Photograph: Stock Montage/Getty Images

George Washington's personal copy of the US constitution and bill of rights sold for $9.8m (£6.3m) at auction on Friday, setting a record for any American book or historic document.

Bidders at Christie's New York salesroom and others on the telephone competed for the first US president's signed, gold-embossed volume dating to 1789, which had a pre-sale estimate of up to $3m.

The non-profit Mount Vernon Ladies Association of the Union, which maintains the historic Mount Vernon estate in Virginia that was Washington's home and is now open to the public, was the successful bidder.

"The unique book had been in the Mount Vernon library until 1876, and will soon be returned to that library," said Chris Coover, senior specialist of books and manuscripts at Christie's.

The bound volume was Washington's personal copy of the Acts of Congress and is noteworthy for his bold signature marking it as his own.

The Acts of Congress include the Constitution, whose preamble promises to "secure the blessings of liberty to ourselves and our posterity," and the Bill of Rights, the first 10 amendments to the constitution, which establish such fundamental liberties as the right to free speech, press, assembly and religion.

Christie's described the book as being in near-pristine condition after 223 years. It was specially printed for Washington in 1789, his first year in office as president.

The margins include Washington's handwritten brackets and notations highlighting key passages concerning the president's responsibilities.

The Acts of Congress volume was sold from Washington's library at Mt Vernon in 1876 and eventually bought at auction by collector Richard Dietrich in the 1960s. It was being sold by the family's estate.

Similar volumes created for Thomas Jefferson, the first secretary of state and third US president, and attorney general John Jay, are in Indiana's Lilly Library and a private collection, respectively.

Rare books and manuscripts have achieved impressive prices in recent years.

An autographed manuscript of Lincoln's 1864 election victory speech sold for $3.4m in February 2009, which set a record for an American manuscript at the time. A 1787 letter written from Washington to his nephew on the subject of the ratification of the Constitution fetched $3.2m in December 2009.

ASTON MARTIN ONE-77

2012-06-23T03:01:00.001-07:00

performance@holmesandco-london.com

ASTON MARTIN ONE-77

Car No.40 of 77 Made.

The Client is seeking 1.2 Million Sterling for the Car.

The Cars were originally sold by Aston Martin for 1Million, plus costs.

Equivalent cars are available for 2 Million Sterling – 2.7 Million Dollars.

We are Offering the Car at 1.4 Million, but it should be considerably more.

Our Client wishes for the Sale to be Confidential, and approaching clients will need to provide documents

MALIBU is a 50m motor yacht delivered by the world renowned Amels Shipyard in Holland

2012-06-18T04:14:00.001-07:00

21-5 Million.

BUILDER Amels LOA 50.00m / 164’

YEAR 2001 BEAM 9.00m / 29’1’’

FLAG Cayman Islands DRAFT 3.10m / 10’

NAVAL ARCH Terence Disdale SPEED 12 knots cruising

HULL Steel ACCOM 12 guests

LYING Genoa ENGINES 2 x 1,200hp Cummins

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

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

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

MAIN CHARACTERISTICS

Type: Displacement Hull

Builder: Amels Shipyard (Holland)

Hull no.: 437

Naval Architect: Amels Shipyard (Holland)/ Terence Disdale

Interior Designer: Reymond Langton

Construction Year: 2001

Refitted: 2006

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

Construction: Welded Steel

Crew: 12

Flag: George Town – Cayman Islands

Engines: 2 x Cummins 1200 hp

Transmission: 2 x Reintjes WAF 541

GRT: 610 tons

DIMENSIONS

LOA 50.00 m / 164’

Beam 9.00 m / 29’7”

Draft 3.10m / 10

SPEED & RANGE UNDER POWER

Maximum Speed (knots) 15 knots

Cruising Speed (knots) 13 knots

Economical Speed (knots) 12 knots

Fuel Consumption 448 litres per hour @ 15 knots 1800 rpm

370 litres per hour @ 13 knots, 1400 rpm

206 litres per hour @ 12 knots, 1400 rpm

Range 2955 nm @ 15 knots

3185 nm @ 13 knots

5016 nm @ 12 knots

CAPACITIES

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

Crew 11-12 Crew members in 5 cabins + Captain

Fuel 95,000 litres/25,096 US gallons

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

Lube Oil 2,200 litres/581 US gallons

Dirty Oil 2,000 litres/528 US gallons

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

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

Jacuzzi 3,200 litres/845 US gallons

ACCOMMODATION

Master Stateroom

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

VIP Cabin

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

Guest Staterooms

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

Captain’s Cabin

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

Crew

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

MECHANICAL EQUIPMENT

Engines 2 x Cummins 1200 hp @ 1,600rpm

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

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

1 x 33kw Cummins @ 1500 rpm

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

Electricity 380V volt/3-phase/50Hz

Stabilisers 1 x Vosper / Naiad, Zero Speed

Bowthruster 1 x HRP 200-60 Electric @ 140 hp

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

Water Maker 2 x Idromar reverse osmosis

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

Passerelle 1 x Electric Hydraulic AI 50

INTERIOR / GALLEY / LAUNDRY EQUIPMENT

Galley

1 x Lohberger Oven

1 x Lohberger grill

1 x Lohberger deep fryer

1 x Lohberger stove (4 x induction)

1 x foster Refrigerator

1 x foster freezer

1 x Scotsman AC 45 Icemaker

1 x Metro Dishwasher

1 x miele microwave - oven

1 x Lohberger Grill

1 x Foster Walk-ins on tank deck

Crew Quarters/Mess

1 x Panasonic combination oven Microwave

1 x Liebherr pro line Refrigerator

1 x GEC Domestic Dishwasher

3 x Miele Professional WS5425 Washing Machines

3 x Miele Professional T5205C Clothes Dryers

1 x Miele Rotating HM 21-100 Irons

NAVIGATION EQUIPMENT

Magnetic Compass 1 x Cassens & Plath

Gyro Compass 1 x C Plath Mk1

Automatic Pilot 1 x C Plath Navi Pilot V hsc

Echo Sounder 1 x Furuno FCV 582 L

Radar 1 x Decca

Radar 1 x Furuno RCV 013

Transponder 1 x Furuno

DGPS 2 x Litton Marine

Charts 1 x Transas

Navtex 1 x ICS nav 5

AIS GPS 1 x Saab

Log 1 x Seaplath Naviknot III

Wind Instruments 1 x Walker P310

COMMUNICATION EQUIPMENT

SATCOM 1 x Sat TV Seatel

1 x Sat C Thrane & Thrane

1 x Sat Fleet 33

1 x Sat Fleet 77

1 x VSAT Seatel

VHF 2 x Sailor RT 4822

MF/HF 1 x Sailor HC 4500

Landline/Intercom 1 x Panasonic System

Miscellaneous 1 x Wi-Fi

DECK EQUIPMENT

1 x Anchor Windless System Steen

2 x Anchors 19-2-50

2 x Aft Capstans

1 x Marquipt Both, Port and Starboard

ENTERTAINMENT EQUIPMENT

Main Saloon

1 x Surround sound plasma television

2 x Denon DVD player

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

Sky lounge

1 x Surround sound plasma TV

1 x DVD Players

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

Sundeck

1 x CD player

1 x Marrantz amplifier

Master Stateroom

1 x Surround sound 50’’Plasma TV

1 x DVD Players

1 x Denon amplifier

1 x Sat decoder

1 x Ipad

VIP Cabin

2 x 23’’HD

2 x DVD Players

2 x Denon amplifier

2 x Sat decoder

Guest Cabins

2 x 23’’HD

2 x DVD Players

2 x Denon amplifier

2 x Sat decoder

Crew & Captain’s Cabin

1 x 27” Plasma TVs

6 x 20” Plasma TVs

7 x DVD Players

2 x Sat decoders

General

1 x Crestron Multi Media System

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

1 x LINN Audi throughout yacht

IPod docking stations throughout the yacht

OFFICE EQUIPMENT

PC/Printer: 1 x Asus , 1x Canon

Fax/Copier: 1 x Panasonic

Monitors: 1 x Samsung

TENDERS & WATERSPORTS EQUIPMENT

Tenders

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

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

1 x Rescue tender Canguro 420 gs

Water Sports

1 x Yamaha Waverunner XL700

1 x Yamaha Jet Ski SL 700A

Snorkel gear & fishing gear, water skis, towable toys

Diving Compressor

1 x BAUER

Crane

1 x 2000 kg Yacht Tec JA01001

1 x 2000 kg Yacht Tec JA00379

SECURITY & SAFETY EQUIPMENT

1 x Panasonic closed circuit television (CCTV) system with

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

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

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

44 x Fire / heat / smoke detectors throughout yacht

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

28 x Fire extinguishers in all places necessary

COMMENTS

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

11 small.jpg
148K View Share

Superyachts@holmesandco-london.com Feadship – De Vries Design Todhunter Earle Naval Architect

2012-06-18T03:50:00.001-07:00

PRICE: EUR 44,950,000

MAIN CHARACTERISTICS

Type Full Displacement Motor Yacht

Hull 669

Builder Feadship – De Vries Design Todhunter Earle Naval Architect De Voogt

Exterior Design De Voogt

Interior Design Redman Whitely Dixon, Todhunter Earle

Year 2005

Refit 2009

Classification Lloyd´s 100A1 SSC YachtLMC UMS MCA compliant

Construction Steel Hull & Aluminium Superstructure

Crew 14

Flag Cayman Islands Engines 2 x 1,520 Hp CAT GRT 782 tons

Net Tons 234 tons

Displacement 800 tons

DIMENSIONS

LOA 55.50m / 182’1’’ LWL 49.10m/161’1’’ BEAM 10.40m /32’9’’DRAFT 3.23m / 10’4’’

SPEED & RANGE UNDER POWER

Maximum Speed 14.5 knots

Cruising Speed 12.5 knots

Fuel Consumption 520 litres @ 15.5 knots

350 litres @ 13.5 knots

220 litres @ 12.5 knots

Range 4,500 nm @ Eco Speed

3,500 nm @ Max Speed

CAPACITIES

Accommodation 10 x Guests in 5 cabins

Crew 14 x Crew in 6 cabins

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

ACCOMMODATION

Guests’ Accommodation

1 x Master cabin

166K View Share

Man stranded in desert builds motorcycle out of his broken car

2012-06-11T00:54:00.001-07:00

According to Merriam-Webster, ingenuity can be defined as "skill or cleverness in devising or combining" or "cleverness or aptness of design or contrivance." We'd say that's an apt description of a Frenchman named Emile who reportedly found himself stranded in the deserts of Northwest Africa after breaking a frame rail and a suspension swingarm underneath his Citroën 2CV.

What to do? Why, disassemble the broken hulk and build yourself a motorcycle from its pile of parts, of course! As the story goes, Emile was able to use the inventive machine to escape the desert, though not before convincing the local authorities that he wasn't an insurgent and paying a fine for importing a non-conforming vehicle...

Since Emile was the only soul in the area, nobody has been able to confirm the veracity of the events that led to the little French runabout's conversion into a makeshift motorcycle. That said, judging by the images you can see here (apparently from the March 2003 issue of 2CV Magazine), this Citroën-bred two-wheeler does indeed exist, and it was definitely fashioned from parts scavenged from an old 2CV.

Emile, wherever you are, we take our hats off to your real-life MacGyver skills, sir.

New world record for world's fastest toilet on wheels

2012-05-02T07:21:00.001-07:00

A new and unusual land speed record has been set in Australia - for the fastest motorised toilet. Canadian stunt woman Jolene Van Vugt recorded a speed of 75km/h (46mph) at in Sydney, beating the previous record by 7km/h. "I flew into Australia yesterday and came out here to jump straight on the toilet," she said. "That was so fun and I'm stoked to get the record." In order to win the title she was timed over 100m (330ft) in both directions. There were some problems early on when the chain fell out but the toilet was soon repaired. Jolene Van Vugt holds various world records for stunts on dirt bikes.

Shooting a 'warning' from rival bikie gang

2012-04-25T08:55:00.001-07:00

SIMMERING tension between rival bikie gangs exploded on the Gold Coast yesterday with the drive-by shooting of a tattoo parlour in the heart of Bandidos territory. Police fear the attack could be a push for territory by the Hells Angels as the outlaw gang seeks a toehold on the lucrative Glitter Strip. Less than 24 hours after police commissioner Bob Atkinson told the Bulletin that bikie gangs were "one of the greatest challenges to face law enforcement", the Bandido-protected Mermaid Beach tattoo shop was hit by at least four shots in the early hours of yesterday morning. High-ranking police yesterday said it was "inevitable" that the violence that has plagued Sydney would eventually spill across the border. "We do not believe it is directly connected to the war between the Hells Angels and the Nomads that has been unfolding in New South Wales," said police. "But it is a similar style of attack. "We know the Hells Angels have been pushing to establish a chapter on the Gold Coast -- that push is coming from Sydney. "Tradelink Drive is not their most profitable chapter." While detectives have attempted to play down the shooting, police say there is "no doubt" it was intended as a warning. The Bandidos are the largest and one of the most secretive bikie gangs on the Gold Coast. The club has gained strength as its main rival -- the Finks -- have been severely weakened with so many senior members behind bars and Bandido territory stretches south from Broadbeach. Police said last month's Hells Angels National Run was intended as a direct message to all gangs on the Gold Coast. More than 200 patched gang members descended on Surfers Paradise for the run. "These clubs are so well organised, they do nothing without a reason," police said. "You can bet they had some purpose in coming to the Gold Coast. "They taunted the Finks and nothing happened, now the Bandidos tattoo shop is shot up in the same way the gym controlled by the Hells Angels was hit a few months ago. "You join the dots." The shop is owned by a senior member of the outlaw gang who has been a patched member of the Bandidos "for years", police say. In an exclusive interview with the Bulletin, Mr Atkinson said the danger of bikie gangs was "under-rated" by the community. "The outlaw motorcycle gangs nationally present one of the greatest challenges to police. "I think the degree of that challenge and the risk they present to our society is underrated." The Gold Coast has one of the highest populations of bikie gangs in the country. Mr Atkinson said he would not be surprised if the Hells Angels were not considering a move closer to the Glitter Strip. "They are businesses, they look for opportunity so that wouldn't be a surprise," he said. "They market themselves as a group of mature men who have a love and interest in motorbikes and they do that very cleverly. The reality is they are highly sophisticated, well organised criminal enterprises that pose a genuine risk to the community and many are well represented by the finest and best lawyers who they retain to represent them." South East Region Assistant Commissioner Graham Rynders said the gangs were constantly looking to expand. "One of things about OMCGs is they look for opportunity for criminal enterprise," Mr Rynders said. "Throughout Queensland, throughout the country, probably throughout the world they are looking to expand. It is obviously dictated to by territory, depending on who or what other groups exist in what areas."

Jury hears grisly details about murder scene

2012-04-25T08:50:00.001-07:00

Police discovered a grisly scene on Sept. 10, 2000, when they entered a Cogmagun Road home in Hants County. “It was a very brutal scene,” Cpl. Shawn Sweeney, who was a constable with the Windsor rural RCMP detachment that day, testified Tuesday in Nova Scotia Supreme Court in Kentville. It was the second day of trial for Leslie Douglas Greenwood, 42, who is charged with two counts of first-degree murder in connection with the deaths of Barry Kirk Mersereau, 48, and his wife, Nancy Paula Christensen, 47. Sweeney, a Crown witness, testified that he and four other police officers who responded to a 911 call found Christensen sitting upright in a chair in the living room of her Centre Burlington home with a bullet wound in her left cheek, under her glasses. She had a cup of tea in her hand and a small dog was sitting in her lap. There were several bullet casings and lead fragments scattered on the floor. Mersereau was lying face down, with pools of blood around his head and body. Another dog, believed to be a German shepherd-Rottweiler mix, was hiding under covers on the bed in the master bedroom. A third dog was tied to the front porch and another had run off into the woods. Sweeney told Chief Justice Joseph Kennedy and the seven-woman, five-man jury hearing the case that the house appeared to be neat and orderly, with no signs of struggle. “It didn’t appear to be a house that was rifled through or things thrown around,” Sweeney testified. Const. Glenn Bonvie told the court it was immediately obvious that Mersereau and Christensen were dead. “There was no movement. There was no doubt that they were deceased.” Crown witness Ronald Connors owned a hunting cabin in the woods about half a kilometre away from the couple’s house. He testifed that he heard several shots at about 8:15 p.m. on Sept. 9. Connors said he heard six shots fired in quick succession, followed by a pause and a couple more shots. Moments later, there were more shots. He said he thought at first someone might be jacking deer, but Connors concluded that the shots didn’t sound like those from a high-powered hunting rifle. The jury was shown a video of the two bodies as they were found. Former RCMP officer David Clace, then in charge of the RCMP’s forensics identification unit in New Minas, said a large amount of money was found in plastic bags in a gym bag in one of the bedroom closets. The bag was later determined to contain about $65,000 in cash. Crown attorney Peter Craig has told the court that the victims were shot to death in their home in an execution-style killing as part of a Hells Angels-ordered killing. “They were killed in their home in a quiet community, with a teapot on the stove, with no signs of struggle and their baby in the next room,” Craig told the jury. He said evidence presented by as many as 40 Crown witnesses will show that Michael Lawrence and Greenwood murdered the couple on the orders of Jeffrey Lynds, a former Hells Angels operative who died recently in a Montreal jail of an apparent suicide. Lawrence, who owed Lynds money, pleaded guilty last January to three charges of first-degree murder and was sentenced to life in prison with no possibility of parole for 25 years. Also killed that day, by Lawrence, was Charles Maddison, an innocent man who picked Lawrence up hitchhiking. Lawrence shot him to take his truck to commit a planned robbery. Craig said Lawrence, expected to be a crucial Crown witness, will testify that he and Greenwood shot the couple, one with a .357 Magnum, the other with a 32-calibre handgun, in what he called “planned and deliberate” killings. The couple’s 18-month-old baby boy was safely recovered from the house by neighbour Ruby McKenzie, who went to the victim’s home the day after the shootings. McKenzie said she brought the baby back to her mobile home and called police. Greenwood sat quietly during the proceedings, occasionally exchanging comments with his lawyer, Alain Begin. Begin is expected to argue that Greenwood went to the Mersereau house the day of the shootings to buy drugs, and that Lawrence shot the couple while Greenwood was waiting outside. Also charged with first-degree murder in the killings is Curtis Blair Lynds, 36, who is serving time in a federal prison for drug trafficking. A preliminary inquiry in his case is scheduled to begin July 16.

Thousands of British expats are on the brink of losing everything after being duped by unscrupulous financial advisers.

2012-04-11T04:34:00.001-07:00

The cowboys have persuaded thousands of our vulnerable pensioners — many in their 80s and 90s — to give up huge stakes of their property in exchange for investments that will never make a penny.

The schemes are often sold by rogue financial advisers who exploit weak consumer laws on the Continent by falsely claiming to be bona fide accountants.

Most of the victims are Britons who retired to Spain or France and wanted to use the cash in their homes to help with soaring living costs.

John Parsons, founder of the Costa del Sol Action Group that is helping some of the victims in Spain, says: ‘The effect of all this worry is enormous. The stress has brought on a lot of serious health issues and they are extremely worried about their futures.

‘These people were not greedy or stupid. They were on fixed pensions and being financially squeezed, so jumped at the possibility of solving that situation.’

The latest crisis follows a Money Mail investigation in 2008, which exposed how hundreds of British pensioners living on the Costa del Sol had gambled their homes in a risky equity-release scheme run by failed Icelandic bank Landsbanki.

Now we can reveal how thousands more pensioners have fallen for other risky equity-release schemes on the Continent and are being hounded by banks demanding hundreds of thousands of pounds.

PREYED ON BY ROGUE SALESMEN

During the property boom at the start of this century, around 100,000 pensioners left Britain to live out their days in southern France and Spain — attracted by a warmer climate and cheaper way of life.

Many had a small pension, but hundreds of thousands of pounds from the sale of their UK home, which had soared in value over their lifetime.

This money was used to supplement their incomes and buy a new home abroad. But soon after they moved, the cost of living in some areas soared as hundreds of thousands of Britons and Germans bought second homes.

Many pensioners found they needed extra cash, and became easy prey for unregulated financial advisers who had left Britain to tap into the new wealth in these regions.

Local rules meant they were able to act unchecked, selling investments from banks based anywhere in the world.

Sometimes they claimed to be chartered accountants, but were not — many had never even registered with local authorities.

In Spain in particular, these advisers could largely sell whatever they wanted — including types of investments and equity-release schemes outlawed in the UK. These paid handsome commissions that could net advisers a £50,000 payday.

Banks offering equity-release loans included Icelandic bank Landsbanki, Scandinavian banks Nordea and Sydbank, and UK private bank Rothschild. However, Money Mail understands they are not the only banks involved.

The majority of victims were told they could borrow the entire value of their property. The loan would incur interest, typically of up to 6.5 per cent. It meant that after ten years, a €500,000 (£412,667) loan would balloon to €681,240 (£562,251). To offset this, a large chunk — usually around 75 per cent of the loan — would be invested in a fund sold by the adviser.

Pensioners were told returns would be so good that not only would they cover the interest on the equity release, but give the borrowers a little extra to spend.

INVESTMENTS THAT TURNED TOXIC

But the promises made turned out to be very different to the theory. This meant returns did not cover the cost of the interest repayments on the equity release.

As the fund fell in value, it ate into the capital that borrowers needed to repay the debt. Charges for fund managers and commission also reduced the returns further.

Worse was to follow when house prices in Spain fell. They had risen by 44 per cent between 2004 and 2008, when many of the victims had bought their homes. They have since plummeted by around 20 per cent.

Those who had borrowed almost all of their property value were soon in negative equity — where the value of the property value was less than the money owed on it — leaving them unable to sell to clear their debt.

In theory the borrowers were expected to pay off their loan at the end of four years. But because the value of the investments plunged so low, it triggered small print in the equity-release contract that allowed banks to demand repayment early.

In the case of those expats with Landsbanki, the bank collapsed and the investment fund was snatched by company liquidators. Then a further problem struck — the value of the pound plunged against the euro.

Many of the victims were paid pensions in pounds and relied on converting the money into euros every month. The drop meant the value of their pensions fell by a third.

RETIREMENT DREAMS LEFT SHATTERED

Campaigners estimate thousands of British pensioners have lost money through these schemes. Former actress Julia Hilling, 88, fears her home will be swallowed up in repayments to her mortgage from Rothschild Bank.

She was sold the mortgage in 2005 by a Malaga-based British financial adviser. Today, this company is classed as unauthorised by the Spanish authorities. Her property was valued at €300,000 (£249,966) and she took out a loan for €262,000 (£217,827). Around €17,000 (£14,138) was used for living expenses and she put €245,000 (£203,693) in an investment fund.

Tempted: Julia Hilling, pictured was an actress in the 1940s, says she went for a scheme because she needed to pay bills

Mrs Hilling, who starred in musicals in the Forties and in revues with Sir Bruce Forsyth at the Windmill Theatre, London, had never invested or even had a mortgage before.

Since 2005, the fund has plunged by around a third and will no longer cover her mortgage. She owes €330,000 (£274,362) and the debt continues to grow. Mrs Hilling says she is unable to cover these costs and fears the bank will take her property when she dies.

‘I needed the money desperately to pay everyday bills while I was out here, as I didn’t want to rely on my family,’ she says.

Rothschild told Money Mail it would not repossess Mrs Hilling’s home. It stressed it had not sold the investment to her and was not demanding repayment nor had it paid commission. It urged her to contact the bank.

Another victim is Eric Mould, 64, who after a career in sales moved to a seaside villa in Puerto Banus, near Malaga, in 2007. He and his wife Mary, 60, sold their four-bedroom detached house in the UK to buy a three-bedroom villa with a swimming pool for €1,188,000 (£990,000).

But five years later they are living in a friend’s flat in the town and battling to pay €2,100 (£1,745) a month in mortgage repayments to Danish bank Nykredit.

Shortly after arriving in Spain, the couple borrowed €1 million against their villa with the bank. They say the British financial adviser who sold them the equity-release mortgage told them it would be a ‘win-win’ situation.

They were told they could free up hundreds of thousands of pounds from the mortgage, and the fund would pay off the loan. They believed the investment they were sold separately through Danish bank Sydbank would leave a little extra to boost their pensions.

To cover the mortgage, the Moulds have rented out their dream home. Their friend is letting them live rent-free in the apartment. The couple fear it is only a matter of time before their home is repossessed. And because property values have dropped, they could lose up to €300,000 (£249,966)

‘This has totally devastated us. It is heart-breaking — we face losing the home we worked for a lifetime to buy,’ says Mr Mould.

Sydbank would not comment on the case.

Others who took out equity-release schemes with collapsed Icelandic bank Landsbanki have been told it will settle — as long as they pay part of the money owed, in some cases hundreds of thousands of pounds.

One couple, Linda and Frances Barlow, aged 63 and 75, who live in Nice in the south of France, believe the bank’s liquidators will repossess their home by May unless they stump up €1.3 million (£1.08 million).

The liquidators proposed a compromise deal, but it would have required the couple to find €500,000, which they do not have.

The Barlows took only a small proportion of the loan as cash. The rest was invested by the bank, and lost when it collapsed in 2008.

‘We wanted some cash to renovate,’ says Mrs Barlow, a musician from London. ‘We didn’t want to take out a big loan, but the financial adviser told us we were foolish to be sitting on an asset and that we should get an equity release to have an income. Now we are going to lose everything.’

Pensioners fight to keep their homes

Scores of pensioners have launched legal action against the banks and financial advisers who sold them the loans. Solicitor Antonio Flores, of Spanish law firm Law Bird, who is representing some of them, says: ‘Many people are left with huge bills and in fear of losing their homes.’

In February, the European Commission announced plans for an independent ombudsman to deal with mis-selling cases against financial advisers working in the Costa del Sol.

Meanwhile, the Foreign and Commonwealth Office has issued official warnings about mortgage schemes advertised as a way of cutting tax bills.

Any expats thinking of signing up to an equity-release scheme in Spain should check the company is registered with the agency in charge of the Spanish stock market, the Comision Nacional del Mercado de Valores (CNMV).

It will also provide a list of companies that are not authorised to operate in Spain and those that have warnings issued against them.

Remember to seek independent legal advice before signing a contract.

If you believe you have been a victim of a fraud involving an equity-release scheme, then register a statement with the police.

Seek independent legal advice about taking action through the courts.

If you wish to complain about the performance of your investments, you should first complain to the equity-release company.

After two months, if you are not happy with the response, take your complaint to the Spanish Investors’ Complaints Office: Oficina de Atención al Inversor, Miguel Ángel 11, 28010 Madrid.

There is also an office at Paseo de Gràcia, 19, 4ª Planta, 08007 Barcelona.

THE FIGHT TO KEEP THEIR HOMES

Easter airport 'gridlock' warning

2012-04-04T05:23:00.001-07:00

Airlines have warned the Home Secretary that Britain "risks gridlock" at airports including Heathrow and Gatwick over the Easter break due to staff shortages. More than 370,000 passengers will leave Heathrow airport between Good Friday and Easter Monday, and 200,000 will pass through Gatwick. A spokesman for Heathrow owner BAA told the Daily Telegraph: "Immigration waiting times during peak periods at Heathrow are currently unacceptable and we have called on the UK Border Force to address the problem as a matter of urgency. "There isn't a trade-off between strong border security and a good passenger experience. UK Border Force should be delivering both." Meanwhile, Britons attempting to travel by rail and road face delays because of engineering works taking place on motorways and train lines. Stretches of the M1 and M25 will be affected, and the seven million passengers travelling by train over the weekend will see disruption to travel to and from Euston, King's Cross, Liverpool Street, and Waterloo stations in London. British Airways and Virgin Airlines are among 11 firms that have written to Theresa May in anticipation of "unacceptable" delays to hundreds of thousands of passengers travelling over the long weekend. The UK Border Agency is under fire for a lack of staff able to carry out full security checks, which the airlines say must result in a recruitment drive or the relaxing of some of the more stringent measures currently in place. A spokeswoman for Virgin Airlines said: "While the decision on what level of check should be made at the border is, of course, a matter for Government, we are concerned that there is currently a mismatch between policy and resource. "After years of reducing frontline staff, returning to a 100% check system will undoubtedly mean lengthy queues at UK airports over critical holiday periods such as Easter and the Diamond Jubilee."

Trolling Could Get You 25 Years in Jail in Arizona

2012-04-03T23:37:00.001-07:00

Trolling Could Get You 25 Years in Jail in Arizona One of the Internet's basic tenets—the right to be as much of a myopic, infantile asshat as humanly possible—is currently under attack in Arizona. A sweeping update to the state's telecommunications harrasment bill could make naughty, angry words a Class 1 misdemeanor. Or worse. It's a dangerous precedent, yet another bill written and supported by legislators who fundamentally don't understand the nature of the internet. And I'm not just being a, well, you know. Arizona House Bill 2549 passed both legislative houses last Thursday and is now awaiting approval from Arizona's governor Brewer. The statute states that: "It is unlawful for any person, with intent to terrify, intimidate, threaten, harass, annoy or offend, to use a ANY ELECTRONIC OR DIGITAL DEVICE and use any obscene, lewd or profane language or suggest any lewd or lascivious act, or threaten to inflict physical harm to the person or property of any person." Emphasis added. If the electronic devices and means are employed to stalk a victim, the penalty bumps up to a Class 3 felony. For those not intimately familiar with Arizona penal law, a Class 1 misdemeanor is punishable by a $2,500 fine and up to six months in jail (it's the most aggressive misdemeanor charge the state can bring). A Class 3 felony, meanwhile, carries a minimum sentence of 2.5 years for non-dangerous offenders with no prior record. And a max of 25 years in jail. Opponents of the bill argue that the wording is overly broad and could easily be interpreted to include not just one-on-one communications but public forums like 4Chan, Reddit, and anywhere else that allows commenting. You thought the banhammer was bad? Try handcuffs. It could also have a chilling effect on free speech by prohibiting shocking or "profane" language online. And since the bill stipulates that the offense only has to occur on Arizona soil (since a Facebook comment is definitely a geographic place, right?) that basically puts the entire Internet on notice. The bill's supporters argue that the steps are necessary to prevent online bullying. Despite the public outcry, the bill has seen very little resistance from elected officials. However, given how well Arizona's other recent, short-lived, and generally draconian propositions—-including its racial profiling, anti-gay adoption, and anti-immigration bills—-have fared, House Bill 2549 might not be a law for long, assuming Governor Brewer even signs it.

New info about statin safety affects millions

2012-04-03T23:08:00.001-07:00

U.S. Food and Drug Administration issued new safety information about these cholesterol-lowering drugs that are prescribed to millions of Americans to lower the risk of heart disease. If you're among them, you should understand what the FDA's new guidance means for your health. "Before anyone gets too concerned, you should know that statins are so widely used because they have a long track record of safety and effectiveness," says Dr. Mark Taber, a cardiologist with SSM Heart Institute at St. Joseph Health Center. "All in all, statins have a very high benefit to risk ratio.Â The widespread use of the drugs, when indicated, probably accounts to a significant degree for the improvement in life expectancy in this country." The FDA called attention to the threat of liver damage as a rare side effect of statins and advised that regular liver enzyme testing is no longer considered useful in predicting or preventing liver injury. "Actually, in general they liberalized the follow up needed for liver function tests on patients taking statins, due to the very low incidence of true liver issues," Taber says. The main warnings related to a slightly higher incidence of developing diabetes while on statins, and a poorly substantiated claim that statins could result in cognitive impairment. Taber points out that cognitive problems, such as confusion or memory problems, were not documented in clinical studies, only by patient reports to the FDA website. "By stating these concerns, the FDA is raising awareness about the potential side effects of statins, but cardiologists already know that there are inherent risks, and we monitor patients appropriately to help ensure that side effects do not occur or are dealt with quickly," Taber notes. "If there is any evidence of a side effect that could be problematic, we can change the medication. But the fact remains that it's important to decrease risk of heart disease, and for many people statins are needed when diet and exercise alone don't result in acceptable cholesterol levels." Whenever a new prescription medication is started, you should look over the package insert to learn about potential side effects. Signs of liver damage, for instance, include fatigue, loss of appetite, right upper abdominal pain, dark urine and jaundice. Any of these symptoms should be reported to your doctor for evaluation. It is important to remember that you should not stop taking a medication without consulting your doctor first. Discontinuing use of a prescribed drug can be far more dangerous than the side effect you're worried about. "All the side effects listed by the FDA are rare, and the risk of heart attack is far more concerning," Taber says. "Some patients may need extra monitoring or may need to try more than one statin before we find the optimal choice, but in general statins are very well tolerated and don't cause problems for the people who take them." The advice above is universal when it comes to your health. Concerns should be discussed with your doctor, and decisions should always be made as part of a team approach to creating a healthy life.

Why don't GPS warn you that statins can harm your memory?

2012-04-03T22:58:00.001-07:00

John Holliday had been on a higher 40mg dose of cholesterol pills for only a few weeks when he started to lose his concentration. ‘I’d be watching TV and suddenly find myself unable to follow the plot of a drama,’ says John, 52, a telecoms project manager who lives in Southend-on-Sea, Essex, with his wife Jill, 51, and their two children Adam, 20, and Emma, 16. ‘I’d have to read the same page of a book over and over because I couldn’t take any information in. ‘I’d always been known for my amazing memory — I was great on trivia and had total recall of events that happened 20 years ago, but suddenly I couldn’t remember things and my brain felt fuzzy.’ Just like up to seven million other people in Britain, John had been prescribed a statin to lower his blood cholesterol levels. The drugs are credited by the British Heart Foundation as contributing towards the dramatic 50 per cent fall in deaths from heart attacks in the past ten years. But while there is consensus that statins are lifesavers for people who have previously had a heart attack, concern is growing over their debilitating side-effects. They include muscle weakness, depression, sleep disturbance, sexual dysfunction, muscle pain and damage, gastro-intestinal problems, headaches, joint pains and nausea. Now, official bodies here and in the U.S. have ordered that the drugs must carry warnings for cognitive problems, too. Worryingly, it’s claimed GPs are failing to warn patients of the effect statins can have on the mind — meaning they may mistake them for signs of ageing or Alzheimer’s. ‘When I went back to my doctor after six weeks for a blood test, I told him how dreadful I was feeling,’ says John. ‘But he just said all drugs had side-effects and didn’t mention reducing the dose.’ It's claimed GPs are failing to warn patients of the effect statins can have on the mind - meaning they may mistake them for signs of ageing or Alzheimer's Things came to a head when a friend showed John an electrical circuit he’d built for his car. ‘I’d worked with circuits since I was 16 but it made no sense,’ he says. So John insisted on seeing his doctor again and repeated his concerns about his rapidly declining memory. This time the GP told him he could start on another type of statin when he felt well enough, and so John stopped taking the drugs immediately. ‘It took a few months, but gradually my memory returned and I’ve got my concentration back. I can’t say for sure statins caused these problems, but it seems like too much of a coincidence.’ Earlier this year, the Food and Drug Administration (FDA) in the U.S. ordered statins must carry warnings that some users have reported cognitive problems including memory loss, forgetfulness and confusion. This followed a decision by the UK’s Medicines Healthcare Regulatory Agency (MHRA) to add memory problems to the list of possible statin side-effects in late 2009. The FDA said reports about the symptoms were from across all statin products and age groups. Those affected reported feeling fuzzy or unfocused in their thought process — though these were found to be rare and reversible. The FDA also warned, following U.S. research, that patients on statins had a small excess risk of developing Type 2 diabetes — but stressed that the benefits of taking a statin still outweigh this. The MHRA had 2,675 reports for adverse drug reactions connected with statins between 2007 and 2011. Officially, side-effects are rare —affecting only 1 per cent of people on the pills — but some doctors say they are under-reported. Dr Malcolm Kendrick, a GP and author of The Great Cholesterol Con, says he frequently sees patients suffering from mental confusion in his job in hospital intermediary care for the elderly. ‘Many of the patients I see will have been admitted to hospital after a fall or similar crisis,’ he says. ‘If they appear confused I’ll often advise taking them off statins to see if it has any effect — in my experience, about 10 to 15 per cent of people who appeared to have memory problems experienced an improvement in their memory symptoms after being taken off the drug. ‘I had one dramatic case where a lady was admitted to hospital on 40mg a day of simvastatin with such poor memory function her family asked me about power of attorney. 'I suggested taking her off statins and within a week her memory had returned to normal. She went home a fit and independent 83-year-old.’ Dr Kendrick says cholesterol is the main constituent of synapses (structures that allow signals to pass between brain cells and to create new memories) and is essential for brain function. ‘It is still not proven that statins have a significant effect on mortality — it has been calculated that a man who has had a heart attack who took a statin for five years would extend his life by only 14 days. 'Too many statins are being given to people at low risk. ‘Even in the highest risk group you need to treat 200 people a year with statins to delay just one death. 'One day the harm these drugs are doing is going to be obvious — the benefits are being over-hyped and the risks swept under the carpet.’ While Dr Kendrick’s controversial view is in the minority, one large review of 14 studies by the London School of Hygiene and Tropical Medicine, published by the highly respected Cochrane Library last year, concluded there was ‘little evidence’ cholesterol-lowering drugs protect people who are not at risk of heart disease. This review has been criticised by other doctors who say side-effects are rare and that there are still benefits even for people at lower risk who do not have established heart disease. These defenders of statins include Professor Colin Baigent of the Clinical Trial Service at Oxford University, who published research in 2010 showing statins reduced deaths from all causes by 10 per cent over five years. ‘There is relatively little evidence of cognitive impairment — what evidence there is all comes from observational studies. ‘People read about side-effects and then put two and two together and blame the statins for their muscle pain or other health problems — it’s just not reliable evidence. ‘If you look at the best-quality randomised controlled trial where patients don’t know if they are taking a statin or placebo, there is no evidence of memory problems. 'Even the FDA says the risks of cognitive problems are very small and go away when statins are discontinued. ‘We’re in danger of forgetting just how effective these drugs are.’ Dr Dermot Neely of the charity Heart UK, and lead consultant at the Lipid and Metabolic Clinic at the Royal Victoria Infirmary in Newcastle, agrees side-effects with statins are rare. ‘I’ve been dealing with patients on statins since 1987 and I can count on the fingers of one hand the number whose memory symptoms turned out to be caused by statins.’ However, he said he often saw patients who had not been told about side-effects. ‘It’s important GPs are clear about the drugs statins can interact with, such as certain antibiotics, as this can get overlooked. ‘If a patient notices an adverse effect after starting statins, they should discuss this with their GP —but not stop their drugs suddenly because this can be dangerous.’ Sonya Porter, 73, decided to stop taking statins after her memory problems became so bad that she walked away from a cashpoint leaving her money behind. ‘I was permanently fuzzy-headed and just couldn’t seem to concentrate,’ says Sonya, a retired PA from Woking, Surrey. Then I started to get scared I might have Alzheimer’s. After reading about memory problems associated with statins, I thought it was at least a possibility. I decided to come off the pills to see if it made any difference. ‘I didn’t ask my GP, I just did it — I’d rather die of a heart attack than Alzheimer’s disease. Within a month I felt normal again and didn’t have any problems with memory. ‘I’m terrified that I could have been misdiagnosed with Alzheimer’s.’ John Holliday is also reluctant to go back on statins. ‘I wouldn’t rule it out completely — my latest test showed my cholesterol levels have gone up,’ he says. ‘But on balance, I’d rather take my chances with heart disease than feel as confused as that again. It’s all very well living slightly longer — but it’s about quality of life, too.’

Legal High Mexxy, Alternative To Ketamine, To Be Outlawed

2012-03-28T03:10:00.001-07:00

legal high known as "mexxy" is to be outlawed, the Government has announced. It follows concerns that two people whose bodies were found in Leicestershire in February may have taken some form of the drug after buying it over the internet. Methoxetamine, or mexxy, will initially be made illegal for 12 months while Government advisers decide whether to ban it completely. Crime Prevention Minister Lord Henley said: "Making this drug illegal sends a clear message to users and those making and supplying it that we are stepping up our fight against substances which are dangerous and ruin the lives of victims and their families. "But making drugs illegal is only part of the solution. "It is important for users of these harmful substances to understand that just because they are described as legal highs, it does not mean they are safe or should be seen as a 'safer' alternative to illegal substances." Anyone caught making, supplying or importing the drug faces up to 14 years in prison and an unlimited fine. Under the change in law, police and border officials will also have new powers to search or detain anyone they suspect of having the drug and seize, keep or dispose of a substance they suspect is methoxetamine. After its growing use as a party drug, the Home Office referred mexxy to the Advisory Council on the Misuse of Drugs (ACMD) for its views on controlling it earlier this month. The drug, used as an alternative to ketamine, is widely available on the internet. Its effects include a faster heart rate, hallucinations, hypertension, loss of balance, higher blood pressure, agitation and cardiovascular conditions. Tests by the ACMD also found evidence that use of methoxetamine can lead to "significant additional toxicity". Professor Les Iversen, chairman of the ACMD, said: "The evidence shows that the use of methoxetamine can cause harm to users."

Wheels of Soul outlaw motorcycle gang member pleads guilty

2012-03-06T13:22:00.001-08:00

Allan "Dog" Hunter, 33, of Chicago, was present during the March 6, 2011, shooting death of Javell T. Thornton, 32, also of Chicago, at 126 South Main St. according to a federal indictment. As part of his plea, Hunter, a member of the Wheels of Soul outlaw motorcycle gang, admitted Thursday in federal court that he conspired with other members of the gang to dispose of several firearms after the shooting. WOS was in Marion for a meeting at a private motorcycle club. In the early morning hours of March 6, a fight at the gang's after-hours party spilled onto the sidewalk on South Main Street. When the dust settled, three men were injured with stab and gunshot wounds, and Thornton was dead. The federal indictment states that Anthony R. Robinson shot three victims in the back as they fled the party, killing Thornton and seriously injuring another. Hunter reportedly fired a handgun indiscriminately into the crowd while wearing a bulletproof vest. Robinson has been indicted on one count of murder in aid of racketeering activity and one count of attempt to commit murder in aid of racketeering, along with other federal charges for murder and racketeering activities in other states, according to the federal indictment. Eighteen members of the WOS were indicted on federal charges June 9, 2011. One member allegedly stabbed another person in the head during a fight at a Chicago motorcycle club, then shot another in the stomach. The indictment says gang members are required to carry weapons - mostly guns, but also hammers, knives and other weapons.

How Wall Street Bankers Use Seamless To Feast On Free Lobster, Steak, And Beer

2012-03-06T04:40:00.001-08:00

A former Morgan Stanley banker recently described his weekend food-ordering ritual at the height of the recession. While pulling Saturday hours, for example, he'd log onto the bank's account on Seamless, the online food-ordering service, and redeem his meal allowance--plus a few allowances from phantom coworkers who weren't actually in the office, allowing him to eat well above his pay grade. Sure, someone could have cross-checked actual office attendence with the online orders, but is such effort worth the investment bank's time? "If people weren't around, it was totally acceptable to take their allowance, and pool it together when you ordered," the banker recalls. "Almost every weekend I was at the office, I'd have a $90 dinner of steak, lobster, mac & cheese, and calamari." Until several years ago, corporate giants like Morgan Stanley made up roughly 85% of Seamless's customer base. That figure has now tipped in favor of individual consumers, but enterprise clients still represent a significant (and growing) part of the New York-based company's revenue--companies offer Seamless as a benefit to those who typically work long or late hours. But for employees of these roughly 3,500 corporate Seamless customers, the benefit represents a huge opportunity to game the system. And no one has worked the system for financial gain better than Wall Street hustlers. "Abuse of the system was rampant," recalls another former Morgan Stanley staffer. "I added up how much I ordered in my first year: It was more than $3,000 of food." Here's how it works. Typically, junior professionals are allotted about $25 per meal at the office. But there are tricks to leverage this cash on Seamless. If employees want to order dinner, for example, they have to stay until 8 p.m. "But you could still order for a 7 p.m. delivery at 6 p.m., then call the restaurant directly and tell them to bring it right away," one employee says. "So I'd finish work around 6:30 p.m., hit the company gym, and then grab my sushi--spicy tuna rolls--on the way out." A Seamless Scam How Gordon Gekko Orders On Seamless 1// Top Seamless Fiend According to Seamless' statistics, the highest ordering corporate user placed more than 2,600 orders in 2011, or more than 7 meals per day. 2// Top Cuisine By Industry Employees Investment Bankers: Sushi; Educators: Pizza 3// Top Ordering Patterns Corporate dinner-orders in New York's Financial District peak at 8 p.m. In Midtown, corporate orders peak at 7 p.m. Corporate dinner-orders are higher, on average, from 4-5 p.m. and lower between 8 p.m. and 9 p.m. Ordering groceries on Seamless was--and likely still is--another practice. (Representatives at Goldman Sachs and Morgan Stanley have not responded to requests for comment.) One employee, who lived by Morgan Stanley's Midtown offices, would even remote into her office computer from her apartment, place an order on Seamless, and then call the restaurant and change the delivery address to her apartment. The lobster-loving Morgan Stanley banker's take on that old switcheroo? "Classic." Another trick: Since employees aren't allowed to order beer or alcohol on the system, it's not uncommon to pool money together, place a large order for random items, then call the store and request that they bring beer instead. "We definitely get a lot of random orders," says Seamless CEO Jonathan Zabusky. "Once in a while, I'll sit on the customer-care desk, just to get a feel on the pulse of what's going on. You see these orders come through, and you're like, 'Why are 20 rolls of toilet paper going to 200 Vesey Street [the World Financial Center]? What the hell?'" One former employee at Morgan Stanley said he wasn't sure how pervasive the "switch-for-beer order" was at the investment bank, but said he personally pulled the move several times. "Wow, I feel so lame now because when I'd order from Seamless, I'd just get dinner," says one former Goldman Sachs employee. "I never heard of anyone else pulling a fast one [like that], but that doesn't mean it never happened." The daily Seamless stipend is considered sacred for employees, and any abuse of the system appears generally overlooked by higher-ups. When Lehman Brothers went under, for instance, Morgan Stanley lowered the Seamless limit from $30 to $25, much to the anger of workers. "People went nuts," recalls a former employee. "Every so often there were these fireside chats with [Morgan Stanley CEO] John Mack 'Da Knife' and a collection of analysts. One of the women on the call asked Mack to raise the limit to $30 again. Mack, not really having paid much attention to expenses, was surprised to hear it had been reduced. Concerned, he asked her why she needed $30 instead of just $25. She said that with the new reduction, 'I can't order my Perrier anymore.'" The next day, as legend has it, there was an entire case of Perrier on her desk--courtesy of John Mack. "What a baller," an employee says. Zabusky is sure abuse exists on Seamless, but says it's not likely that widespread. "I think it's pretty funny," the Seamless chief chuckles. "I mean, I know it probably frustrates a CFO at Goldman, who is giving these guys $25 to order while they work on deals, and they're ordering toilet paper and jars of mayonnaise and all this other stuff. But in the overall scope, it's probably pretty small." Small as the abuses might be in terms of Seamless's bottom line, there's no doubt it has a big impact on the morale of employees, who seem to take pride in manipulating money one way or another. According to Seamless's statistics, for example, the highest ordering corporate user placed more than 2,600 orders in 2011. "There's nothing grosser or more magnificent than eating $25 of delivered Taco Bell under the fluorescent, sober lights of an office building," says one employee. "Do you have any idea how much baja sauce you can get for that money?"

Storms wreck homes across US, kill 28 people

2012-03-03T00:36:00.001-08:00

Powerful storms stretching from the U.S. Gulf Coast to the Great Lakes in the north wrecked two small towns and killed at least 28 people as the system tore roofs off schools and homes and damaged a maximum security prison. It was the second deadly tornado outbreak this week. At least 28 people were killed, including 14 in Indiana and 12 in Kentucky, authorities said. In Indiana, Marysville was leveled and nearby Henryville also suffered extreme damage. Each is home to about 2,000 people. "Marysville is completely gone," said Clark County Sheriff's Department Maj. Chuck Adams. Aerial footage from a TV news helicopter flying over Henryville showed numerous wrecked houses, some with their roofs torn off and many surrounded by debris. The video shot by WLKY in Louisville, Kentucky, also shows a mangled school bus protruding from the side of a one-story building and dozens of overturned semitrailers strewn around the smashed remains of a truck stop. An Associated Press reporter in Henryville said the high school was destroyed and the second floor had been ripped off the middle school next door. Classroom chairs were scattered on the ground outside, trees were uprooted and cars had huge dents from baseball-sized hail. Authorities said school was in session when the tornado hit, but there were only minor injuries there. Afterward, volunteers pushed shopping carts full of water and food up the street and handed it out to people. The rural town about is the home of Indiana's oldest state forest and the birthplace of Kentucky Fried Chicken founder Col. Harland Sanders. Ernie Hall, 68, weathered the tornado inside his tiny home near the high school. Hall says he saw the twister coming down the road toward his house, whipping up debris in its path. He and his wife ran into an interior room and used a mattress to block the door as the tornado struck. It destroyed his car and blew out the picture window overlooking his porch. "There was no mistaking what it was," he said. The powerful storm system was also causing problems in states far to the south, including Alabama and Tennessee where dozens of houses were also damaged. The threat of tornadoes was expected to last until late Friday. The outbreak comes two days after an earlier round of storms killed 13 people in the Midwest and South. At least 20 homes were badly damaged and six people were hospitalized in the Chattanooga, Tennessee, area after strong winds and hail lashed the area. In Cleveland, another Tennessee town, Blaine Lawson and his wife Billie were watching the weather when the power went out. Just as they began to seek shelter, strong winds ripped the roof off their home. Neither were hurt. "It just hit all at once," said Blaine Lawson, 76. "Didn't have no warning really. The roof, insulation and everything started coming down on us. It just happened so fast that I didn't know what to do. I was going to head to the closet but there was just no way. It just got us." Thousands of schoolchildren in several states were sent home as a precaution, and several Kentucky universities were closed. The Huntsville, Alabama, mayor said students in area schools sheltered in hallways as severe weather passed in the morning. An apparent tornado also damaged a state maximum security prison about 10 miles (16 kilometers) from Huntsville, but none of the facility's approximately 2,100 inmates escaped. Alabama Department of Corrections spokesman Brian Corbett said there were no reports of injuries, but the roof was damaged on two large prison dormitories that each hold about 250 men. In California, a late winter storm that dumped at least 6 feet (1.8 meters) of snow in parts of the Sierra Nevada mountains created ripe conditions Friday for snow sports enthusiasts but also posed avalanche dangers, as one man died while skiing in back country. Contributing to this report were Associated Press writers Jim Suhr in Harrisburg, Illinois, and Jeff Martin in Atlanta, Associated Press videojournalist Robert Ray in Cleveland, Tennessee, and AP Radio's Shelly Adler in Washington.

Hells Angel arrested in killing of fellow gang member

2012-02-27T14:40:00.001-08:00

Ending a four-month-long manhunt, San Jose police arrested -- without incident -- a Hells Angel wanted for the murder of a fellow Angel in the middle of a funeral. The 38-year-old suspect, Steve Ruiz, is suspected of shooting fellow Angel Steve Tausan to death Oct. 15 at San Jose's Oak Hill Cemetery. Ruiz, who had been on the run for months, was caught Saturday evening at a motel in Fremont. "We're relieved to have him off the streets," said Sgt. Jason Dwyer during a Sunday news conference at police headquarters. "This was a difficult case for investigators to solve." Ruiz's arrest is the latest chapter in a series of bizarre and violent chain-reaction episodes involving the Hells Angels, a legendary outlaw motorcycle gang originally formed in 1948 in Fontana. In September, San Jose Hells Angels President Jeff "Jethro" Pettigrew was shot and killed in a Nevada casino, allegedly by a member of the rival Vagos motorcycle gang. Pettigrew and Tausan were close friends. More than 3,000 members of various motorcycle clubs gathered in October at Oak Hill to pay their respects to Pettigrew. Sources have said a fistfight erupted between Tausan and Ruiz, and during the fight, Ruiz drew a handgun, shot Tausan and fled during the melee that ensued. Tausan was a Hells Angels legend, an ex-boxer who beat a man to death at the Pink Poodle strip club in 1997, only to have a jury acquit him after he claimed self-defense. His funeral Advertisement also was held at Oak Hill. For months, San Jose police have been trying to find Ruiz. Dwyer said that Ruiz had been moving around from place to place and was known by authorities to have stayed briefly in the Stockton and Sacramento areas. A fresh tip to detectives indicated that Ruiz was in Fremont, and more than a dozen officers moved quickly Saturday to surround the Days Inn motel at 46101 Warm Springs Blvd. Ruiz, who was believed to be armed and dangerous, apparently was alone and surrendered to police about 7:30 p.m. without incident. He spoke to detectives and was booked at the Santa Clara County main jail. "We don't believe that he'd been there for very long," said Dwyer of the Fremont motel. "We had a small window of opportunity to capture him. The fact that he surrendered peacefully was fortunate." San Jose police stressed that the Hells Angel murder, which has received national publicity, was one of 39 homicides in San Jose last year and that detectives worked the case like any other, putting in long hours as they juggled a heavy caseload. They also said that Ruiz had a lot of help eluding law enforcement in the four months since the funeral. "If someone helped him evade capture, we're going to come after them," Dwyer said.

Shock, horror! Murdoch's Sun wants his readers back

2012-02-25T22:35:00.001-08:00

Rupert Murdoch bid to grab back the huge audience his News Corp lost when it closed the best-selling News of the World over a phone-hacking scandal with a new Sunday edition of his Sun tabloid filled with gossip, girls and celebrities. With a front page splashing on a female TV presenter's birthing difficulties - "My heart stopped for 40 seconds" - the top-selling daily Sun made its Sunday debut, aiming to win back the 2.7 million people who had read News of the World until its closure in July in Britain's biggest recent press scandal.

Adele joked that she wanted boyfriend Simon Konecki to buy her an engagement ring so big “you can see it from space”.

2012-02-25T03:44:00.001-08:00

Adele joked that she wanted boyfriend Simon Konecki to buy her an engagement ring so big “you can see it from space”.

Yet the award-winning singer, 23, wanted to make sure no one saw her as she slipped away from the Brits.

She covered her head with a coat as she gave the aftershow parties a miss and headed back to her hotel with 36-year-old Si.

Earlier, Adele denied the ring she was wearing was anything more than a fashion accessory.

Overheard being asked whether she’d like her fella to propose and give her a diamond ring, she laughed: “I want one you can see from space.”

Now Adele is happier than she has ever been with charity boss Simon and says the prospect of writing another record based on a doomed relationship seems deeply depressing.

Speaking to US network CBS’s 60 Minutes recently, she said: “Because I’m madly in love I don’t want to be like, ‘Babe, I’m sorry, we’ve got to break up. I’ve got a new album to deliver now.’

“I can’t write another break-up record, that would be a real cliché. It would be just like a boring, running theme. People would be like: ‘No, that’s enough now, cheer up.’”

Her new relationship is going so well she now struggles to connect with her biggest hit Someone Like You, which was inspired by her most recent ex.

“Someone Like You was about him getting engaged really quickly after we broke up,” she said.

“I wrote that to feel better about myself and it was about trying to convince myself that we will meet someone and I will be happy.

“In fact, next time I sing Someone Like You, I’m going to be like, never mind, I found someone like you. Please forget me!”

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

2012-02-24T23:06:00.001-08:00

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

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. 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'

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.

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‘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.’

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

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 70 miles away just to have a drink here,' says the proud bar lady

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'

COMANCHERO bikie who kept his membership a secret from his father has become the eleventh man to be sentenced over Sydney's fatal airport brawl.

2012-02-21T14:36:00.001-08:00

Zoran Kisacanin, 25, was found not guilty of murder or manslaughter last November, but guilty of riot and affray in relation to the March 2009 brawl. Anthony Zervas, the brother of Hells Angel member Peter Zervas, was killed during the violence involving the rival motorcycle gangs. Justice Robert Allan Hulme jailed Kisacanin in the NSW Supreme Court for at least three years two months and a maximum of five years and three months. "The Comancheros and Hells Angels motorcycle gangs were, in effect, at war with each other," the judge said. "The offender was a nominee member of the Comancheros. "He was subject to its strict rules requiring loyalty and prohibiting cowardice." The judge said Kisacanin played a role in the fighting - which generally involved wrestling, punching and kicking - and also picked up a bollard. But there was no evidence as to what he did with it. The judge said the participants in the riot were prepared to "engage in wanton and significant violence regardless of the presence of many airline and airport staff and members of the public". In an affidavit, Kisacanin said he became involved with the Comancheros after meeting members at a local gym. He said that the gang "sounded like good fun hanging out with the guys and being part of a brotherhood". As his mother and brother were in Serbia, his only family in Australia was his father and he kept his involvement secret from him. The judge noted Kisacanin has been housed with his Comanchero colleagues in jail, saying he "had no idea what to do if (he) was alone in prison". After promising to cease association with the club on his release, his father has agreed to let him live and work with him in a painting business. Comanchero national president Mick Hawi is yet to be sentenced after being found guilty of murder, while another club member is to be sentenced for manslaughter in March. Eight other Comancheros and two Hells Angels members have already been sentenced for their roles in the brawl.