Jurors convict two men of first-degree murder in shooting death near Delray Beach

 

A jury convicted two men of first-degree murder Tuesday in connection with the 2007 shooting death of John Blazevige, whose body was found outside his still idling pick-up truck near Delray Beach. It took three days for jurors to return the verdicts against Michael Marquardt and Louis Baccari at the end of the week-long trial. At times they seemed entrenched into two separate camps, but in the end they made the unanimous decision to return the convictions on murder and armed robbery for each man. "We were surprised, and disappointed," Baccari's defense attorney Andrew Strecker said. "We thought for sure it would have been a hung jury." More puzzling, Strecker said, were the jury's findings in their verdict. For example, they found that Baccari, the alleged triggerman, had not used a firearm during the robbery of Blazevige, but they convicted him of armed robbery anyhow. Prosecutors Sherri Collins and Aaron Papero built their case largely on the testimony of Antonio Bussey, who deputies originally said was responsible for the killing. His DNA was found on the murder weapon, but he told deputies that Marquardt had made him touch the gun after Baccari shot Blazevige during a bad drug deal, telling him that they were "all in it together." Bussey made a deal with prosecutors and pleaded guilty to second-degree murder in exchange for a 21-year sentence. Hours before they returned the verdicts Tuesday, jurors asked to hear Bussey's testimony again. Baccari's and Marquardt's attorneys Strecker and Scott Skier asked Circuit Judge Jeffrey Colbath to also allow jurors to hear their entire cross examinations of Bussey, but the judge ruled that jurors only needed to hear a small portion of it. Colbath also denied defense attorneys' subsequent requests for a mistrial. Baccari's relatives outside the courtroom described him as a warm-hearted person and said they were convinced there was no way he would ever harm Blazevige, who had been his longtime friend and formerly lived in West Palm Beach. Prosecutors had said that Blazevige was addicted to prescription drugs and had met Baccari, Marquardt and Bussey to buy pills when he was killed. But defense attorneys, along with Baccari's family, say Bussey made a deal with prosecutors even though he knew he was the one who killed Blazevige in order to avoid the life sentences both Baccari and Marquardt will now inevitably receive as result of their convictions. Colbath set sentencing for Marquart, a landscape company owner who lived in Boynton Beach, and Baccari for April 2.

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Scotland Yard lent police horse to Rebekah Brooks

 

The former Sun and News of the World editor was lent the horse in 2008, the year after Clive Goodman, who worked for her as royal editor of the News of the World, was jailed for phone-hacking along withe the private investigator Glenn Mulcaire. Officers from the Metropolitan Police Mounted Branch visited Mrs Brooks's home in the Cotswolds to check she had suitable facilities and was a competent rider before the horse went there. A spokesman for the Metropolitan Police pointed out that it is routine for retired Mounted Branch horses to be lent out to members of the public at the end of their working lives, but the arrangement is likely to raise fresh questions about the Met's relationship with Mrs Brooks. The news comes a day after the Leveson Inquiry was told that Mrs Brooks was briefed by a senior Met officer on the progress of the original phone-hacking inquiry and even consulted on how far she thought the investigation should go. Mrs Brooks, who is married to the former racehorse trainer Charlie Brooks, kept the horse at her home in the Cotswolds for two years before giving it back to the Metropolitan Police in 2010.  It was then found a new home in Norfolk with a serving police officer. Dave Wilson, Mrs Brooks's spokesman, said: "It's well known by people in the horse world that the Met looks for homes for horses once they retire. Rebekah took on a horse and effectively acted as a foster parent for it for a year or so. "The Met horse team comes out to make sure your facilities are right and proper. It's just a way of giving a temporary home to a horse that has had a distinguished service in the Met. It went off to a retirement paddock in Norfolk once it couldn't be ridden any more." At the time Mrs Brooks took on the horse, she was editor of The Sun, but had given evidence to a committee of MPs five years earlier admitting that the News of the World had paid policemen when she was editor of the Sunday paper between 2000 and 2003. By the time she gave the horse back to the Met she was chief executive of News International and the Met was facing calls to re-open its investigation into phone hacking following the disclosure that thousands of names of potential victims appeared in Mulcaire's notebooks. A spokesman for Scotland Yard said: "When a police horse reaches the end of its working life, Mounted Branch officers find it a suitable retirement home. Whilst responsibility for feeding the animal and paying vet bills passes to the person entrusted to its care at its new home, the horse remains the property of the Metropolitan Police Service. "Retired police horses are not sold on and can be returned to the care of the MPS at any time. In 2008 a retired MPS horse was loaned to Rebekah Brooks. The horse was subsequently re-housed with a police officer in 2010." The Metropolitan Police website states that: "At the end of the police horse's working life the animal is re-homed at one of many identified establishments who have previously contacted the Mounted Branch with a view to offering a home. "The Mounted Branch is looking for suitable homes for retired horses, that is homes where the horse will not be ridden. Anyone in the southeast of England offering such a home will be considered first."

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Bank tax dodges halted by retrospective law

 

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

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

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

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Estonian gangsters netted a quarter of a million pounds worth of designer watches from a jewellers in Newcastle city centre.

Members of an Eastern European gang who flew around the continent for armed robbery day trips were today jailed for a £250,000 raid on a UK jewellers.

In a daring smash and grab attack lasting just 31 seconds, three Estonian gangsters netted a quarter of a million pounds worth of designer watches from a jewellers in Newcastle city centre.

Convicted murderer Marek Viidemann and his accomplice Sander Sarik smashed display cabinets with hammers, while Raido Ragga held staff at gunpoint to stop them raising the alarm.

Daring: The Estonian budget-airline bandits pictured on security camera during their raid on Berry's jewellers in Newcastle city centre

The trio were part of a wider gang targeting jewellers around Europe, whose members were bought flights by crime bosses in Estonia and ordered to carry out the robberies.

Gangsters who owed money to organised crime were recruited to carry out the robberies on day trips to their destinations around the UK and elsewhere.

They would fly back to eastern Europe the next day while the stolen goods would be shipped separately.

 

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Jailing Viidemann for 10 years, Judge Brian Forster, at Newcastle Crown Court, told him: 'You were part of an international crime gang.

'You were willing to cause terror and fear and your purpose was to get as much as you could as quickly as you could and then leave the country.

'This was a daring and terrifying robbery and was carried out without regard to those who work in the shop.

'The courts will protect the citizens of Newcastle from anyone who thinks they can come and prey upon them.'

Fast: In just over 30 seconds, the gang swiped a quarter of a million pound worth of watches from the jewellers, as terrified staff were held at gunpoint

Viidemann, Sarik and Ragga struck at Berry’s jewellers, on Grey Street, Newcastle, at around 10am on August 20, 2008.

Convicted killer: Marek Viidemann, 35, was jailed for 10 years at Newcastle Crown Court for his part in the raid

Ragga went in brandishing a handgun while Viidemann and Sarik used hammers to get to the valuables.

Mark Simpson, prosecuting, said: 'The gunman pointed the handgun at staff and told them to get down.

'The others smashed the display cabinets and took 31 watches and the best makes were targeted.'

After just 31 seconds in the store they were gone, removing clothing and gloves as they left the scene.

Police recovered the clothes that had been left behind and found Viidemann’s DNA on them. Some of the stolen watches were later found on a coach in Dover.

Viidemann, 35, fled the country and ended up back in Estonia. He was finally detained on a European arrest warrant in his home city of Tallinn, the Estonian capital, last October.

Ragga, 26, and Sarik, 22, went on to carry out robberies at other Berry’s stores in Chester and Windsor. They were both jailed for 11 years at earlier hearings elsewhere.

Too late: Police outside the high-class jewellers after the robbery

The court heard Viidemann had a conviction in his homeland for aggravated murder for gain and robbery, for which he was jailed for 10 years in 1998.

In that offence he and four others beat a man to death to steal from him.

Judge Forster asked how he had got into this country, but prosecutors did not know. The Border Agency will be informed of his latest conviction.

Andrew Rutter, defending Viidemann, said: 'His involvement in this robbery came about because he had fallen on hard times in Estonia.

'It was not his scheme but he accepts he lent himself to it.'

Members of the organised crime gang have struck across Europe and five other robbers have previously been jailed for a total of more than 55 years.

The ring was linked to at least 150 armed robberies across the UK and Europe.

Jewellers were targeted in places including Leeds, Manchester, the West Midlands, London, Cheshire and Newcastle, while they also carried out raids in Germany, Sweden, Italy and Finland.

Detectives from Monaco even flew to Britain to quiz a member of the gang over a $75,000 raid on a Monte Carlo jewellers.

Police believed the gang stole watches worth more than £1million in total, few of which were ever recovered.

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Mongols Motorcycle Gang Member Convicted of Murdering President of San Francisco Hells Angels

 

federal jury found Christopher Bryan Ablett, a/k/a “Stoney,” a member of the Modesto Chapter of the Mongols outlaw motorcycle gang, guilty of all four felonies with which he was charged including murder in aid of racketeering, assault with a deadly weapon in aid of racketeering, using a firearm during a crime of violence, and using a firearm causing murder during a crime of violence, United States Attorney Melinda Haag announced. The charges stemmed from the defendant’s gang-related murder of Mark “Papa” Guardado, the president of the San Francisco Chapter of the Hells Angels, on September 2, 2008, at 24th Street and Treat Avenue in the Mission District of San Francisco. Evidence at trial showed that Ablett traveled to San Francisco to visit a friend. He was armed with a foot-long military knife and a .357 magnum revolver. Ablett brought with him a Mongols full-patch vest and t-shirt that only a full member of the Mongols is allowed to wear. According to testimony from Bureau of Alcohol Tobacco Firearms and Explosives (ATF) gang expert Special Agent John Ciccone, and former Mongols undercover ATF Special Agent Darrin Kozlowski who infiltrated the gang, the Mongols are an organized criminal motorcycle gang whose primary rival is the Hells Angels motorcycle gang. When word traveled to Guardado that the defendant was wearing a Mongols patch shirt in a bar in the Mission, Guardado went to the street outside the bar and approached Ablett. A fight broke out during which Ablett stabbed Guardado four times and shot him twice, killing him. According to the testimony of FBI Special Agent Jacob Millspaugh, the case agent, the defendant’s phone records showed that he spent the next several hours calling people who were identified as members of the Mongols—showing that he was reaching out as part of the Mongols communication network. The jury rejected the defendant’s defenses of self-defense, defense of his friends, and heat of passion after the defendant took the stand and testified. The jury also found that the defendant murdered Guardado to maintain or increase his position in the Mongols gang, and that the Mongols engaged in racketeering activity. Ablett is scheduled to be sentenced on May 15, 2012. He faces a possible sentence of three terms of life in prison plus 10 mandatory consecutive years, a $1 million fine, and five years of supervised release. Specifically, for the charge of murder in aid of racketeering, in violation of 18 United StatesC. § 1959, Ablett faces a mandatory minimum sentence of life without parole. For the charge of assault with a deadly weapon in aid of racketeering, in violation of 18 United StatesC. § 1959, Ablett faces a maximum sentence of 20 years in prison. For the charge of using a firearm during a crime of violence, in violation of 18 United StatesC. § 924(c), Ablett faces a maximum sentence of life in prison. And for the charge of using a firearm causing murder during a crime of violence, in violation of 18 United StatesC. § 924(j), Ablett faces a maximum sentence of life in prison. However, any sentence following conviction would be imposed by the court after consideration of the United States Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 United StatesC. § 3553. The case was prosecuted by former Assistant United States Attorney Christine Wong, Assistant United States Attorneys Kathryn Haun, Wilson Leung and William Frentzen, paralegal specialist Lili ArauzHaase, legal techs Marina Ponomarchuk, Daniel Charlier-Smith, and Ponly Tu, all of the Organized Crime Strike Force and Violent Crime Section of the United States Attorney’s Office for the Northern District of California. The case was investigated by the Federal Bureau of Investigation, the Bureau of Alcohol Tobacco Firearms and Explosives, and the San Francisco Police Department.

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

 

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

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Syria bloodshed is outrageous, says Obama

 

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

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Barclays caps bonuses at £65,000

 

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

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Brussels gives green light for storage of Olive Oil

 

The European Commission is to give the green light this month for a new storage of olive oil for as much as 100,000 tons for five months. Taking that amount from the marketplace means that prices will be controlled. A similar amount was stored last November and since then only 45,000 tons has been released from cooperatives and some industrial groups. The olive oil sector is in a deep crisis with very low prices over the past year, a lower quality of product and an average 155 € per kilo for normal, and under 2 € for virgin extra. EU aid of between 80cents and 1€ only partially solved the problem and so producers are turning to storing the oil to put up the price. Minister for Agriculture, Arias Cañete, considers storage to be just another measure. Last season 1.4 million tons were produced, an amount expected to be beaten this year.

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Demi Moore on road to recovery

. Known for its individualized approach to addiction treatment, the super-posh Cirque Lodge has also helped Lindsay Lohan, Mary-Kate Olsen and Eva Mendes overcome their addictions. Moore's decision to seek treatment comes on the heels of a sad downward spiral for the 'Margin Call' star, who split from husband Ashton Kutcher in November. Friends are relieved that the actress is seeking treatment - more than 20 years after she first went to rehab in 1985. "She knows she's in a bad place and needs help. Rehab is the only thing she can do right now. She needed something serious to get her back on track," a source said. Meanwhile, singer-actress Miley Cyrus has spoken out in support of Moore. The 19-year-old, who stars alongside Moore in the forthcoming film 'LOL' took to her Facebook page to stand by Moore. "Everyone needs to leave Demi alone. She's been through so much the past year. She doesn't need all this. How can you talk about someone you don't know?'," Cyrus wrote. "The media makes everyone in Hollywood seem weak, stupid or unbalanced. Just because she's in Hollywood doesn't mean she's on drugs. NOT EVERYONE IS ON DRUGS!!!.

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German nationals face death penalty over drug smuggling charges in Malaysia

 

A district court near the Kuala Lumpur International Airport charged the three men on January 13 with drug trafficking, said a customs official who declined to be named. Airport officials arrested the men arriving from Istanbul on January 1 after finding 10.2 kilogrammes of methamphetamine hidden in the bags they were carrying, the official said on Wednesday. He said no plea had been recorded from the three pending the case's transfer to a high court once a chemist report on the drugs is ready. The two Germans have parents from Afghanistan but were born in Germany, while the Moroccan has lived in Germany for 15 years, the official said. Authorities in the Southeast Asian country went on "red alert" late last year following a surge in arrests and drug seizures, tightening passenger and luggage screening.

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Times of London Dragged Into UK's Hacking Scandal - Another Rupert Murdoch newspaper being probed, says lawmaker

 

Police are investigating alleged email interception by Rupert Murdoch's Times of London, a British lawmaker said today—dragging Britain's oldest national newspaper into the broadening scandal over press wrongdoing. Labour Party legislator Tom Watson, who helped lift the lid on tabloid phone hacking, released a letter from police confirming they were investigating alleged email hacking by the Times. The 226-year-old Times has acknowledged that a former reporter tried to intercept emails in 2009 to unmask an anonymous policeman who blogged as NightJack. Editor James Harding told Britain's media ethics inquiry last month that the reporter had acted on his own and had been reprimanded. The paper later published the blogger's name, but Harding insisted it had been obtained by legal means. In the wake of the new development, Harding will be summoned back to give further testimony to the judge-led ethics inquiry.

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