What Are the Best Offers For Sky Talk Telephone Service? Friday, October 29, 2010

I believe most of the people will never link television service with telephone service. But in today's fast changing world, Sky TV has made things easier for people in UK by providing both services to their subscribers. You will not only enjoy your favorite television programs, but you will also enjoy UK award-winning call packages at a very low cost.

Currently, the new Sky Talk packages offer great savings on line rental and unlimited landline calls within the UK. At certain fixed period, the subscribers are rewarded with free talk time too. In general, there are 2 types of packages offered, i.e. Sky Talk Free Time and Sky Talk Unlimited.

For customers who sign up any of Sky TV packs, Sky Talk Free Time is given for FREE. There is no monthly subscription fee. The Sky TV subscribers can make phone calls to their beloved family members and friends in the evenings and during weekends on complimentary basis. The calling time for evening period is from 7pm to 7am and the calling time for weekend is from midnight on Friday to midnight on Sunday. Besides enjoying a wide variety of TV channels, you are able to save your money on telephone bills during economy downturn. Furthermore, you will also be enjoying free 20MB broadband service every month. You can go online 24 hours.

For people who do not own any landline at home, how do you enjoy this call package? No worries. You can "rent" the talk line from Sky. It costs you only £11 a month when you take up Sky call package. By having the talk line, you will be enjoying some great calling features such as call diversion, call waiting and voicemail. You can also see who is calling you before you answer through the call display.

On the other hand, if you always make a lot of phone calls every day and you don't like to be limited by the time set, you can choose to have Sky Talk Unlimited plan. You can make free calls at any time you like. With this specific plan, you are able to get UNLIMITED UK landline calls 24 hours a day, 7 days a week. In addition, you are allowed to make unlimited calls to 20 international countries without paying any single cent. The countries include United States, Canada, Australia, New Zealand, Austria, Belgium, Czech Republic, Denmark, Germany, France, Hungary, Ireland, Italy, Holland, Luxembourg, Greece, Sweden, Norway and Spain. Is that sufficient for you? Here is another great surprise for you! You are entitled for 100% and unlimited calls to mobile phones in United States and Canada!

From now onwards, you will not have financial burden making phone calls to your family members, relatives, friends and others who are staying outside UK. You can keep in touch with them anytime with the monthly cost of £5 only.

To sum up, after going through the offers mentioned above, besides Sky, who else can provide you such great offer?




For more information about sky talk and broadband offers, visit http://www.SkyTVPackages.org/

Birmingham, Alabama - A Culinary Tour

After my Montgomery visit, I joined the group from Travel Media Showcase (TMS) that traveled north by bus to Birmingham. This city is a little larger than Montgomery proper, at about a 230,000 population, but the total Birmingham area has about a one million population. Its largest employer is the University of Alabama at Birmingham and several significant banks and life insurance companies are also headquartered there. Historically, Birmingham, the largest Alabama city, was noted as the "Pittsburgh of the South."

During our Birmingham stay, our hotel was the Renaissance Ross Bridge Resort and Spa. This majestic hotel, on the city outskirts, was designed similar to the Fairmont of Banff, Canada. Due to its several outstanding golf courses, and resulting Scottish tie-in, Ross Bridge features in the late afternoon, just before sunset, a bagpipe player who tours the grounds, while serenading guests with unmistakable tones from his instrument. It is considered the golfers warning to finish their round.

Some of our group took a civil rights tour. Just as in Montgomery, Birmingham endured turmoil, violence and murder during the struggles that eventually ended racial segregation during the 1950s and 1960s. Several locations serve as reminders of these events and the ability today to focus on growth and progress for Birmingham.

The first phase of our culinary tour involved a series of stops at three vineyards, Ozan Vineyard and Cellars, Vizzini Farms Winery and Morgan Creek Vineyards. At these three establishments, we tasted a variety of wines, ranging from peach to red to dry red Muscadine.

Backgrounds of the three vineyard owners were quite interesting. For example, the Vizzini ancestors, emigrating from Sicily, but faced with Ellis Island overloads, were forced to enter the U.S. from New Orleans. As a result, Alabama eventually gained talent that would otherwise have been a plus for the Northeast. Ozan is owned by the Patrick family and Morgan Creek is owned by Mr. Brammer. Since all three are relatively small, they are able to produce quality wine with small staffs.

I especially enjoyed a chocolate raspberry wine offering at the Vizzini locale. As a result, we ordered ½ case of it as well as ½ case of the Paulina variety.

At Morgan Creek, it was pointed out to us that one of the vineyard's prominent customers is actress Pauley Perrette, one of the stars of the TV series NCIS.

Later that night, our group enjoyed dinner at Frank Stitt's Highland's Bar & Grill. This establishment is highly rated, not only in Alabama, but nationwide. Chef Stitt has received the James Beard award as the top American chef. My dinner of braised pork shoulder, chowder and vanilla ice cream with a dash of Makers Mark, was preceded by an opening orange martini specialty drink that I thoroughly enjoyed.

On Saturday morning, our group started with breakfast at the Jones Valley Urban Farms. This location featured breakfast prepared by Chef Clayton Sherrod. Chef Sherrod is very personable and dynamic and serves as an able ambassador for Alabama cuisine around the world. He served breakfast highlighted by shrimp and grits and entertained us with a cooking demonstration.

Jones Valley Urban Farms is a nonprofit organization that utilizes vacant downtown property to grow organic produce and flowers.

After breakfast, we had two stops on the culinary tour. First was the Pepper Place Saturday Market. Booths showed off a variety of foods, such as peaches, fresh produce and very tasty cheese as well as arts and crafts. Next was the Peanut Depot, where traditional roasting methods produce thousands of pounds of peanuts each week. Although Virginia peanuts are used here, the establishment is part of an Alabama tradition. Some of the roasting equipment dates back more than 100 years.

We lunched at Niki's West. It is renowned for its fast paced cafeteria line, featuring offerings such as pork barbecue, yams, grits and other good traditional Southern food.

Our Saturday culinary tour was topped off nicely by dinner at the Hot and Hot Fish Club, owned by Chef Chris Hastings and his wife Idie Hastings. Chris has also received a James Beard award as the top Southern chef. I started dinner with a chocolate martini. Following this drink, I selected chowder, shrimp and grits (well worth it, even after the same choice at breakfast) and dessert of apple ganauche and ice cream. Our waitress, Evelyn, was absolutely outstanding with her service and knowledge of every facet of the Fish Club menu.

On Sunday, our final day, we started with breakfast at Brock's Restaurant in Ross Bridge. I ended the tour with a facial (yes, a man's facial) at the Ross Bridge Spa. This was described to me as a "deep cleansing therapeutic facial..." that "...removes impurities." After the treatment, I felt that this was a very accurate description.

The spa provides an interesting array of massages, related therapy and facials for both men and women.

In summary, we thoroughly enjoyed our Birmingham tour. We believe the city is an outstanding example of the forward-looking new South.

Be sure to visit www.visitbirmingham.com for more information.




Norman E. Hill frequently writes business articles. His book, "Winner and Final Chairman," was released in 2008. An Expose of an American Corporate Power Struggle and $138 Million Golden Parachute If you read Barbarians at the Gates or followed Enron, you will enjoy this fictionalized version of a corporate power struggle. It shows how a visionary business plan, not followed through, and never-ending corporate politics, undid a promising turnaround.

Also, Norm has written numerous articles on travel, emphasizing the history and culture of places he has experienced. Sometimes, he ventures into the food aspect and how it relates to its surroundings.

You can read more of Norm's thoughts at http://www.noralyn.com on his blogs and http://www.ifwtwa.org/public_profiles/norman_e_hill/

Barcelona Hotels Friday, October 22, 2010

Barcelona is home to various types of hotels ranging from simple rooms all the way up to five-star luxury suites. Barcelona also offers apartments for tourists to rent. No matter what kind of Barcelona hotel you choose to book, expect the best service. After all they want your tourism dollars and will go to great lengths to keep you coming back.

One of the most popular five-star luxury hotels in the city is Hotel Arts Barcelona, which is owned by the Palace Carlton group. It offers modern, high-quality accommodation right on the sea front.

The Meridien is based on the Ramblas, which is a very central location in Barcelona.

The Palace Hotel Barcelona is only a 10-minute walk to Placa Catalunya, which is an ideal location to explore the city.

The five-star Hotel Melia Barcelona is a little further out from the center than the other hotels. However, it has a metro stop only 10 minutes away, which will take one to anywhere in the city.

The Majestic Hotel is a deluxe 4-star hotel and offers fantastic facilities with high standards, but what adds to the overall excellence of the hotel are the location, tradition and gourmet cuisine it offers. It is located on the Paseo de Gracia, one of Barcelona's most beautiful avenues, and is close to some of the city's main tourist spots.

The Ambassador is a two-minute walk from the sights and sounds of the Ramblas, yet located within a quiet street.

The top three-star hotels in Barcelona are the Abba Sant, Hotel Fiira Palace Barcelona and the Prestige Paeo De Gracia.




Barcelona [http://www.z-Barcelona.com] provides detailed information on Barcelona, Barcelona Hotels, Barcelona Soccer, Barcelona Weather and more. Barcelona is affiliated with Spain Golf [http://www.z-Spain.com].

Part 1 - Elk Lake School French Class Dimock Pennsylvania Sunday, October 17, 2010

Part 1 of 4 - www.hobotraveler.com --- French speaking Nathalie from Belgium talks with French Students from Elk Lake School, in Dimock, Pennsylvania, then the students proceeded to ask me questions about my 12 years of continuous world travel. If your School Class wants to talk with Andy Graham a world travelers please contact me at: www.hobotraveler.com Thank you, Andy Graham of HoboTraveler.com www.hobotraveler.com



http://www.youtube.com/watch?v=AHgLMMb4lW0&hl=en

Orlando Airport - Hints and Tips For Finding Cheap Flights to Orlando and Airport Information Tuesday, October 12, 2010

Orlando Airport - Planning your Orlando Vacation and finding cheap flights to Orlando and car rental.

One of the most important things to remember when planning your Orlando vacation and researching hotels in Orlando, cheap flights to Orlando and car rental in Orlando, is that the city actually has two airports! The Orlando International Airport has the airport code of MCO, and the smaller Sanford Airport has the airport code of SFB. Most of the international and local flights will fly into MCO.

Orlando International Airport is located 11 miles South east of the central business district and serves most of the world's major airlines, including many direct international flights. There are regular shuttles to places like International Drive and Disney (Disney's Magical Express offers complimentary transportation to guests staying at Disney hotels) and Universal, as well as good public transport links. There are also many rental car companies that operate from the airport. The International Airport is currently the 27th busiest airport in the world.

Sanford Airport (SFB) is the home to charter airlines from the United Kingdom and Europe, namely Monarch Airlines, Thomas Cook Airlines and Thomson Airways. Iceland Air and Iceland Express also use Sanford Airport, and Allegiant Air and Direct Air provide local services within the USA. The airport is very well prepared for the flood of tourists that visit the area every year, and if you are looking for car rental or shuttles into Orlando, you will be pleasantly surprised as Sanford airport is consistently in the top 30 airports in the world and is serviced by Alamo, Avis, Budget, Dollar, Enterprise, Hertz, National, and Thrifty. There is also a large number of hotels serving the airport, and some have free shuttles.

Both airports offer cheap flights to Orlando and MCO has many of the USA's budget carriers flying there. SFB has the cheaper charter airlines from Europe that usually carry passengers on a package holiday that includes their hotels and park tickets.




To find out more about and to book cheap flights to Orlando and hotels in Orlando, as well as booking discounted tickets for Orlando attractions, log onto www.orlandohotelsandtraveldeals.com!

Graeme Watson is an Orlando expert and promotes the destination through the website http://www.orlandohotelsandtraveldeals.com.

When an Offshore Bank Fails Monday, October 11, 2010

Introduction - What we are going to do is describe the legal and mechanical process relating to offshore bank failures. We will discuss what leads up to them, what happens if they fail, and how do the depositors get their money back. The terms and scenarios we depict are generally what happens in the world of offshore banking. In some jurisdictions the terminology and procedures may be slightly different but the general way things proceed will be in line with the scenarios depicted in this article.

Offshore Banks - A brief definition of this term is in order. These are banks that are located in various countries around the world many being in Caribbean Island Nations. These banks have a license that enables them to only do business with people and entities (trusts and corporations) that are not from that country. The offshore jurisdiction does not trust the offshore bank to accept deposits from its citizens or corporation filed in that country. This right away should tell a moderately astute investor that he or she is perhaps not exercising the correct amount of caution when it comes to selecting a bank and an offshore jurisdiction. So the first warning sign is be careful of offshore banking licenses. A bank can be in an offshore jurisdiction and not have an offshore banking license, instead be a regularly licensed bank. Offshore bank licenses can be had in some jurisdictions with as little as a $50,000 deposit with the country issuing the license. Usually this amount is never more than $500,000 and many countries require less. As a point of comparison a regular bank operating in Panama is required to post $10,000,000 cash deposit and the owners go through a rigorous background investigation.

Bank Failure - This is a term relating to the offshore bank being unable to fulfill the demand for funds from their depositors. This can occur for a number of reasons, some bad and some not so bad. The offshore bank may have been found to be below its protective ratios and the government bank auditors or financial ministry may decide to shut the bank down in terms of money going out for a limited period of time to see if the bank can return their ratios quickly to an acceptable level. In the event the ratios return to an acceptable level the bank operation resumes normally and the depositors may not even know anything occurred.

Complaints - The way offshore bank failures generally start is with complaints to the licensing authority of the country where the bank is located stating that requests to withdraw funds are not being met by the bank. To document this the account holder generally retains legal counsel in the country where the offshore bank is located and files a formal demand for the funds to bank with a very short deadline. When this demand is not met the law firm will file a formal complaint to the offshore bank licensing authority who will generally conduct an investigation. They may have their own auditors or hire an independent team of auditors to go through the offshore bank records. They will look to see if there are any loans on the books that do not meet the guidelines for lending such as writing uncollateralized loans is usually considered an offense. Loans to the principals of the bank are another red flag. Real estate acquisitions like mansions on the island where the offshore bank is located for the bank executives to live in is another red flag as well. Usually without loans the bank would not fail to meet its ratios. When these loans go bad and there is no collateral to go after then the banks get into trouble. The complaint process is possibly the only way the government is going to know their offshore bank is in trouble and by then it may be too late, but it may not be too late. Remember we are talking about offshore banks here, not regularly licensed regular banks which are audited and watched way more closely by the government and usually by a different government agency than the agency supervising offshore banks. We as a Panama Law firm do not introduce clients to offshore banks which should tell you something.

Loss of Correspondent Bank - Sometimes the offshore bank has just lost one or more of its correspondent banks and can not execute wire transfers until it replaces the correspondent with another correspondent bank which may take several weeks. When the complaints hit the government they will investigate, see that the funds are in place and allow the offshore bank a reasonable period of time to secure another correspondent bank, checking with them for progress reports. This is a not so bad problem that will only serve to scare and inconvenience the depositors.

Offshore Bank Receivership - This is a process whereby the government agency that licenses the offshore bank takes over the offshore bank to control its operation with an eye towards saving the bank. Sometimes they are successful and well sometimes not. Often a team of professionals from a large auditing or accounting firm are brought in. Receivership practices can frequently mean that a percentage of your funds will be unavailable for withdrawal for sometime. This is to prevent a run on the offshore bank which would for sure topple it and thus cost the depositors substantial losses. You may be only able to take out say 25% of your funds. What can often happen is the depositors lose faith and take as much money out as they can and avoid putting in any more money. This usually results in the offshore bank failing totally and being shut down.

Suing the Offshore Bank - What often happens in these offshore bank receivership scenarios is some depositors get scared and act jumpy and sue the bank. The lawsuits generally involve having the court encumber or tie up an amount equal to their deposit. To accomplish this the depositors generally have to resort to deceit or twisting the truth minimally, to make the court think they were not ordinary depositors or the amount in question consisted of funds to be handled in a special exceptional manner. The way the depositors are playing their hand is get the court to hold my money before the bank goes down completely and then my funds get mixed in with all the depositors in the fracas. If one files such a lawsuit they are generally excluded from filing claims as regular creditors (depositors) of the bank in the event of a liquidation and if they lose their lawsuit (an expected occurrence if based on fraud or deceit) they can lose all. Usually several depositors will file such lawsuits if there is any official action taken against the offshore bank and this could push the offshore bank into greater difficulty and if there is a bank liquidation it will be a most complex one with a lot of depositors funds eaten up in legal fees.

Offshore Bank Liquidation - This is of course the sword of gloom in the world of offshore banking. For things to reach this level the government had to have felt that the offshore bank is not salvageable. Generally a bunch of depositors filing lawsuits and jamming up the court system of some island jurisdiction is going to encourage the government there to liquidate the offshore bank in hopes of freeing up their courts. Imagine an offshore tax haven island court system. A small building with one to three courtrooms and maybe three or four judges. These courts hear divorce, child custody, personal injury as in auto accidents, bankruptcy, collection cases, resident disputes with building contractors, traffic court cases, and criminal cases. The court is there to enable the island jurisdiction to function as an independent governing state. It is not going to jam up its courts increasing the wait times for its citizens that are trying to deal with vital matters like child custody where one of the parents is an abusive drunk hurting the children. When the offshore bank gets put into liquidation generally the court cases can be disposed of quickly or even by summary dismissal. The government knows that the people behind these lawsuits are trying to get more money than they would if they just waited for the liquidation to proceed and are not amused by their litigious behavior.

The Offshore Bank Liquidation Process - So now the bank is in liquidation. What does this mean? Basically a liquidator will be appointed to determine what assets the bank has, liquidate what can be profitably liquidated and then see how much money is left. The remaining money will be divided up amongst the depositors fairly depending on how much they had on deposit in the offshore bank. They will get a percentage of their deposit back. What would be a good return in a liquidation, 75%. What would be a bad return well there was a liquidation in Latvia a few years ago where the depositors got 2%. What is a typical return? There is no number but it should be 33% to 60% unless the bank has been really mismanaged.

The Offshore Bank Liquidator - This is generally a person with an accounting, legal or banking background. They can understand the books of the offshore bank and the laws pertaining to the offshore bank and the liquidation. If the offshore bank had secured loans that went bad (payments not be made according to written loan documents) they will analyze the worth of going after the collateral. If there was a farm in Argentina posted as collateral for a three million dollar loan he may order an appraisal of the farm to see if it really worth that much. If the value of the farm is more than the legal expense of securing and liquidating the asset the liquidator should go ahead and liquidate it. This process may take a year or longer. If a loan was made to a trucking company in Belgium for a fleet of trucks the same liquidation process may occur. This sort of liquidation may take even two or three years depending on what type of liquidation processes may need to be followed. The borrower may file bankruptcy making the liquidation of the secured assets difficult and time consuming in some countries. The bankruptcy court might let the borrower continue making payments and keep the asset which can make for a rather problematic liquidation because now the loan must be sold to reduce it to a net value. Generally such a loan is going to go for a deep discount at best. The liquidator may have to sell the banks real estate, computers, office equipment and furniture, cars, boats, planes etc. All this is time consuming and the assets should be sold at an auction to keep things fair avoiding accusations of selling under the market for kickbacks. There is an inherent conflict of interest in the liquidation process. The bank liquidator generally gets paid handsomely. Think perhaps $150 to $300 an hour or maybe $10,000 to $30,000 per month. It is in his best interest to keep things going for as long as possible. The lawyers the bank liquidator uses are also under this same conflict of interest. How honest and upright these people are going to be is something for which there is no rule but there is generally a control element in the form of a creditors committee. In an honest liquidation the liquidator may elect to distribute the readily available assets the offshore bank has right away. These assets would be the actual cash deposits. This is an encouraging sign to the creditors. Money would usually be held back to allow the liquidation to proceed further allowing for legal expenses etc. Then as real estate and other assets are sold further distributions would be made. Not all liquidations are done so directly.

The Ugly Side of Offshore Bank Liquidations - Sometimes the offshore bank assets are deposited by the liquidator in another bank. Whether or not this is in an interest bearing account is always a good question. If there is $12,000,000 in cash in a bank the interest at 4% a year is a serious amount of money that will tempt people. Legal fees can be padded and kickbacks made to the liquidator from the law firm located on the island jurisdiction the offshore bank is in. Some of these islands where these offshore banks are have less than 100,000 people living in the country. You are foreigners and don't expect such honest treatment in these tourist island jurisdictions. They may view these offshore bank liquidations as a feast for the locals courtesy of all the rich foreigners. Excessive travel can be run up by the liquidator. He can travel abroad going first class all the way even bringing the lawyers along, all on the clock. The liquidator can reach crooked settlements with people who posted collateral for loans with the offshore bank. Depositors of the offshore bank can file lawsuits for special treatment and the liquidator can settle with them in a crooked manner for an illegal kickback and then they get all their back while you only get a fraction back. Real estate owned by the offshore bank can be sold under market value for a kickback to a friend or relative of the liquidator. Same can be done with cars, computers etc. The liquidator can elect to chase assets not worth chasing to continue his high paying job some years longer than it should require. Remember offshore bank liquidations do not come along every day and the liquidator has no idea where his next job is going to come from. There is a check and balance usually in the bank liquidation process which is described below.

Offshore Bank Liquidation Creditors Committee - A creditor of the offshore bank is generally a depositor but it could be the electric company or the phone company. Generally, the employees are considered priority creditors when it comes to their wages and they get paid off first and fast. The depositor is owed money by the offshore bank based on their deposits, thus he or she is a creditor as far as the offshore bank liquidation is concerned. An offshore bank liquidation is sort of like a bankruptcy proceeding. In an offshore bank liquidation a creditors committee is formed which is something done in many bankruptcy proceedings. The creditors committee could possibly have been formed before the liquidator came into office and they appoint the liquidator with or without the approval of the court, rules vary some depending on the offshore jurisdiction involved. The creditors committee generally is voted into existence by the creditors, the creditors with the most dollars on deposit having the most votes is one way to look at it. All creditors are generally not treated equal. The creditors committee members are all on the same side and that side is interested in getting as much money back as they can. Decisions as to how to spend money chasing assets or potential assets are usually made by the liquidator but the creditors committee can exert control over the liquidator even replacing the liquidator in extreme circumstances. Some bank liquidations have taken place without creditor committees in place. These are generally less than above board liquidations.

Creditor Claims in Offshore Bank Liquidations - When the liquidator is in office the depositors are generally required to file claims. The claims process involves filing identity documents with the liquidator and identifying your account and how much money was in it. Offshore bank liquidations are conducted in open court and these claims wind up as exhibits in the public domain. What I am saying is bank secrecy is not in place once the bank is in liquidation. What one can expect to see is a fair number of depositors failing to file claims because of various reasons often relating to bank secrecy. Of course this means a greater recovery for those who do file the claims while the other folks walk away with a total loss of their funds by choice.

What to do if you are in an Offshore Bank Liquidation - If you are already involved in a bank liquidation you made a mistake and you are going to get hurt. How badly hurt is the question so you should be trying to mitigate your damages. If a creditors committee is forming try to get involved actively, even try to sit on the committee. If the liquidator has not yet been appointed do get involved in that process. Try to find ways to meet other depositors. Call lawyers on the island and ask them to represent a group of creditors collectively. Rest assured other depositors will be calling lawyers on the island and the lawyer can be a contact point to form a creditors committee. The idea may not occur to a lot of these lawyers so help them out a bit. If you can get a creditors committee in place and have it appoint a liquidator you will probably have a honest liquidation, probably. That having been said one must still leave room for the offshore bank itself having been intrinsically dishonest and the bank owners have since ran away with the funds. When you read the offshore bank liquidation horror stories you see that the money trail goes from country to country, bank to bank and then it ends up with a large cash withdrawal which is usually the end of the trail. The offshore jurisdiction may fail to ever prosecute them or file charges which of course make one wonder what was going on. So the key here is to get involved actively. It is real important to open communications with other creditors and get organized.

How to Avoid Being in Offshore Bank Liquidations - The answer is of course simple, avoid offshore banks. Stick to banks with full banking licenses that can conduct banking business with the residents of the country as well as with entities not located in the country.

Offshore Bank Alternatives - The best alternative to these tax haven island offshore jurisdictions is Panama. Panama is a solid offshore tax haven jurisdiction that does not tax offshore derived income and has no capital gains tax or tax on stock market gains. Panama has fully anonymous bearer share corporations where the owners are not recorded in any registry or database. Panama has anonymous foundations which are able to have generally non-freezable bank accounts. Panama has no tax treaties with any country so fishing expeditions are not going to happen. Panama has the tightest bank secrecy laws in the world and when coupled with an anonymous bearer share corporation it becomes the most secure and private structure one could have in the world today. Panama has 400,000 corporations registered there as well as many of the merchant marine vessels and cruise ships in the world. Panama has about 150 banks many of which are large multi-billion dollar international conglomerates, yet the banking operation in Panama is a separate bank corporation operating under Panama bank secrecy laws. Panama has not had a bank failure in over five years. Panama has had only a few bank failures in its history whereas Switzerland had over 15 bank failures during the years 1999 to 2000. Panama tightly regulates its banks. Every Panama Bank must submit monthly auditing reports to Panama's Banking Superintendent, which is under direct supervision by the Banco Nacional de Panama (BNP), the National Bank of Panama. A list of prominent international banks in Panama includes: Citibank, HSBC, Dresdner Bank, Bank of Tokyo, Bank of Boston, Banco Nacional de Paris, International Commercial Bank of China, Societe Generale, Banque Sudameris, BBVA, Banco Uno, Banco General, PriBanco, Banco del Istmo, Global Bank, MultiCredit Bank, PanaBank, ABN Amro, Banco Aliado, Banco Continental, BancoLat, BIPAN, Lloyds TLB Bank, and the Bank of Nova Scotia. Many of the Panama banks own office building skyscrapers 40+ stories tall with their name on the building. These are not grocery store sized banks found in the island jurisdictions. The Panama Stock Exchange has an average trading volume of $900,000,000.

Panama is free of hurricanes, volcanoes, tornadoes, and earthquakes which is why the Panama Canal was built there. Panama uses the US dollar as their national currency. Panama has modern telephones, cell phones and internet being a country having been built by the Americans which left Panama in 2000. Panama has a treaty with the USA calling for the USA to protect the Panama Canal if it was threatened. This means the peace and security of the Republic of Panama is protected by the USA which could have jet fighters there in minutes. Panama is the new Switzerland of the world.




For more information regarding Offshore Bank Failures go to: www.panamalaw.org

FSA Chairman Adair Turner Addresses British Bankers Association

Adair Turner, FSA Chairman, addressed the British Bankers Association's annual conference on June 30th.

In the first keynote address since the economic crisis became entrenched, and the close call of October last year with an almost complete and global collapse of confidence in the banking community, Turner calls for changes in the style of supervision and in banking regulation as well as within the banks themselves.

Noticeably, Turner also refers to "bank-like" operations in a passing reference to the wider financial community.

Before we consider the highlights of the speech, keep this in mind - reports are emanating out of Number 11 Downing Street (the British Chancellor of the Exchequer's home and office) of a new Banking Act which will significantly favour the FSA over the Bank of England.  Mervyn King is deeply unhappy at the apparent encroachment of the FSA upon his banking regulatory turf.  Not-so-New Labour has developed the bad habit of leaking legislative intentions to the press around six months before formal announcements are made.  

Expect a formal introduction of the new Banking Act legislation in or around October.

With this in mind, Adair Turner's speech should be construed not only as a commentary upon the economic upheaval of the last year but as a sales pitch for more regulatory powers and responsibility to be conferred upon the FSA, as well as a wooing of the lambs to be shepherded in the regulatory fold.

While wide-ranging in the subject matter, certain themes emerge which serve to underline the thinking behind the FSA's current regulatory strategy and philosophy.

The bail-out of some of the largest financial institutions in the world has scotched the myth that a bank is too large to fail, or has too many other connections such that it has been able to diversify business risk away.  Turner let's slip his view is for banks to be compelled to meet higher capital adequacy requirements; but how serious is that when the recent stress test results have not been published amidst claims of a fudge?

The  international dimension has planted itself in the consciousness of regulators and government.  With banking and investment operations spanning the globe and even pan-European operations or other regional operations, cooperation between national regulators is more important than ever.  One government cannot control or save the world (or itself) from financial collapse any longer but collaboration is the watchword.  Turner appears to recognize the end is nigh for ring-fencing measures which are simply protectionist and run counter to globalization market pressures and this is sure to win approval from the US and elsewhere such as the Swiss.

Finally, the retail versus investment banking nexus.  With the distinction between the two increasingly blurred and risky proprietary trading operations in the mix, Turner makes a hard-to-disagree-with point that large retail banks taking deposits on the basis they were too large to fail, then engaged in high risk proprietary trading creating big bonuses for bankers and a large bill for the taxpayer to bail them out along with the economic recession.

For a moment it does look like Turner is laying blame for recession at the banks door, but mentioning taxpayer bailouts and bonuses is certain to win political brownie points from political masters with more regulatory powers to bestow and a bigger budget.

No response or comment has been forthcoming from the Bank of England but the corridors of power will be fertilising the grapevine so watch this space.




For the latest regulatory news and analysis from the US, UK, EU and Far East visit ComplianceAsia's blog. This article was commissioned by ComplianceAsia, the leading APACS region provider of outsourced compliance support for leading banking and financial institutions operating in the region. You can keep abreast of the best of international regulatory news from Washington D.C., New York, London and around the world at http://complianceasia.squarespace.com

(c) Karl Hindle - All Worldwide Rights Reserved

International Pen - Its Creation And Development To Bring The World's Culture Under One Umbrella Monday, October 4, 2010

The founding of International PEN in London in 1921 by Mrs. A. Dawson Scott, a Cornish novelist, and John Galsworthy, a well-known literary figure who eventually became the first International PEN President was borne out of Dawson Scott's belief that if the writers of the world could learn to stretch out their hands to each other, the nations of the world could learn in time to do the same. The idea came at the most appropriate time, when bitter hatred between nations following the First World War threatened world peace.

International P.E.N got further extended with the founding of the American Center in 1922. After having established a small circle of well-known writer- members and holding their first P.E.N. meeting in October 1921 in London, Galsworthy and Dawson Scott set about contacting American writers such as Kate Douglass Wiggin and Joseph Anthony to begin a center in New York. Both Anthony and Wiggin gathered their friends, and by March of 1922 they had formed the Organizing Committee. .

Although this Committee lacked a strong central figure like Galsworthy who could attract noteworthy writers through his personal friendship and influence, writers warmed up to the idea and joined and in a fairly short time the list of members had grown to include Frances Hodgson Burnett, Marc Connelly, Robert Frost, Ellen Glasgow, Eugene O'Neill, Edwin Arlington Robinson, and Elinor Wylie with membership representing all literary sets or styles. On Wednesday, April 19, 1922, a dinner held in the Coffee House Club with about forty people gathered marked the start of the American Center's formal existence.

International PEN aims to promote intellectual co-operation and understanding among writers; thus creating a world community of writers, the only one of its kind, ever that emphasises the central role of literature in the development of world culture; and defending it against the many threats to its survival. The organisation has therefore been acting as a powerful voice in opposing political censorship and speaking for writers harassed, imprisoned, and sometimes murdered for the expression of their views.

In its early years International PEN had centres only in Europe. But in time writers of other nations joined enthusiastically so that by 1926 members from fifteen nations were able to meet in Berlin. Notable writers including from Britain Joseph Conrad, George Bernard Shaw and H.G. Wells and from across Europe Anatole France, Paul Valery, Thomas Mann, Croce and Karel Copek were always in its ranks .

The prospect of PEN in every capital city generated a wide appeal, and the writers of other nations joined enthusiastically: though not all the centres formed were to London's taste. The French members were thought to be too young and too left wing, the Americans too exclusive.

It was one of Galsworthy's ideas from the beginning that there should be an International Congress each year, to which all the Centers would send delegates. The first of these Congresses was held in London in 1923. By this time there was an impressive number of centers, and representatives came from Belgium, Czechoslovakia, Denmark, France, Italy, Norway, Romania, Spain, Sweden, and the United States.

The following year the American Center hosted an International Congress, in May 1924, consisting of three days of festivities and discussions, and the highlight was a gala banquet held at the Hotel Pennsylvania with a carefully planned menu of: international dishes honoring the delegates from their respective countries, such as Spain, Mexico, and Denmark.

In 1926, when the yearly international meeting assumed the dignity of a congress, writers from fifteen nations met in Berlin. Gradually the idea that a centre could represent a language and, or, a literature took root.: Basque and Catalan, Irish and Scottish centres appeared. Belgium was permitted two. Yugoslavia four

It was at the Congress in Brussels in June of 1927, that serious steps were taken to establish translation as a working entity of P.E.N. After many discussions and suggestions about promoting translation, Henry Seidel Canby formally presented a suggestion of setting up preferably in Paris, an international clearing house of literary information to simplify, clarify, speed and make more efficient to everyone concerned~author, publisher, and public~the flow of literary expression across language frontiers.

The Congress gave its hearty approval and set up a sub-committee consisting of Canby, Galsworthy, Mrs. Dawson Scott, and the International Secretary , Herman Ould. Confident of success, Canby talked with the directors of the League of International Cooperation in Geneva and was promised the use of part of the Palais Royal in Paris to be the headquarters for the translation bureau. Financial support came from various publishers, who would pay an annual fee for the use of the facilities of the clearing house. Eventually, support was coming from six London publishers, fourteen in Germany, and several in America. Although the American Center, in the spring of 1928, had managed to raise $6,500, it was a long way from the three thousand pounds that Galsworthy felt was necessary to make the project truly successful. Unfortunately, it was evident that P.E.N. was too new and loosely organized to make such an ambitious undertaking take off. Canby said, "The P.E.N. Club as a whole had not a sufficient central organization to guarantee the proper support and control."

By 1931, at the Congress in Amsterdam, P.E.N. had grown to truly justify its identity as a worldwide organization. Delegates came not only from most of the European countries but from Australia, Canada, China, and South America.

In January of 1933, a year after the Budapest Congress, John Galsworthy died, leaving his Nobel Prize money in a trust fund for P.E.N. It was the last gift and contribution to an organization he loved and nurtured, watching it grow and take shape. His successor in the office of International President was H. G. Wells.

Today the PEN network consists of over 147 centres in over a hundred countries established in all four continents, including Africa where it is now concentrating its work. As a signal of this its 73rd International Congress was held in Dakar, Senegal. PEN Senegal which organized the 2007 congress is surrounded by a rich literary history dating back to 1956 when its writers started participating in promoting writing and writers internationally. So when the 1st Congress of Black Writers and Artists was held in Paris in 1956 an informal core of Senegalese writers had formed around the Presence Africaine journal under the auspices of the African Society for Culture. Then in 1959, Dr Ousmane Soce Diop and others led the creation of PEN CLUB SENEGAL

PEN work revolves around five principal committees:

The Writers in Prison committee works on behalf of persecuted writers worldwide monitoring cases of those who have been imprisoned, tortured, threatened, attacked and killed for the peaceful practice of their profession. It campaigns to end these attacks and opposes suppression of freedom of expression wherever it occurs.

The Translation and Linguistic Rights Committee has from 1978 been working to promote the world's linguistic and cultural differences, the translation of contemporary literature and the promotion of the Universal Declaration of Linguistics Rights. Last year its multilingual E-Collection of poetry, fiction and essays expanded to include a total of 20 authors from 14 countries across the world.

The writers for Peace Committee founded in 1984 at the height of the Cold War is still dedicated to promoting the cause of peace and celebrates Writers for Peace Day each year on 3rd March. Its annual meeting in Bled last year featured papers and contributions discussing the themes of Globalisation of the World- Marginalisation of Literature-The Role of PEN in the Contemporary World, and Freedom of Expression as a Means Against Terrorism.

From 1991 the Women Writers Committee has been working to promote women's writing and publishing and to encourage women to know, translate and popularize one another's work

The Writers in Exile Network formed in 1999 establishes placement opportunities for exiled, immigrant and refugee writers at universities, colleges and learning centres around the world in collaboration with other organizations.

Nobel Prize for literature winners and other eminent writers from all over the world are usually enlisted amongst PEN members. These include Heinrich Boll, Arthur Miller, Mario Vargas Llosa, Per Wastberg and Gyorgy Konrad all of whom have served as Presidents. The Vice Presidency has been reserved traditionally as an honorary position for accomplished writers like J.M Coetzee, Nadine Gordimer, Toni Morrison, Margaret Atwood, Sook-Hee Chim, Alexandre Blokh and Joanne Leidom - Ackerman..

Related Article:

[http://www.sierraleonepen.org/]




Arthur Edgar E. Smith was born, grew up and was schooled in Freetown, Sierra Leone. He has taught English since 1977 at Prince of Wales School and, Milton Margai College of Education. He is now a Senior Lecturer at Fourah Bay College where he has been lecturing English, Literature, as well as Creative Writing for the past seven years.

Mr Smith is widely published with his writings appearing in local newspapers as well as in West Africa Magazine, Index on Censorship, Focus on Library and Information Work amongst others.

He was one of 17 international visitors who participated in a seminar on contemporary American Literature sponsored by the U.S.State Department in 2006. His growing thoughts and reflections on this trip which took him to various US sights and sounds could be read at lisnews.org.

His other publications include: Folktales from Freetown, Langston Hughes: Life and Works Celebrating Black Dignity, and 'The Struggle of the Book'

Belgium: Sweets, Fun and Relaxation Saturday, October 2, 2010

Belgium chocolates and Belgium waffles have made this small European country famous around the world. But Belgium offers more than just sweets and breakfast items. In fact, Belgium is known for hosting more street and music festivals than any other country in Europe. After all, this is where the Saxophone was invented, by Adolph Sax, in 1846. Belgium's historical sites, small towns, and peaceful countryside make it an excellent destination for inquisitive travelers.

Belgium is both multicultural and multilingual. Flanders, in the north, is a land surrounded by canals that hosts medieval art cities such as Antwerp, Bruges and Ghent. Wallonia, in the south, leads you to the hills of the Ardennes, countless castles, and the cities of Liege, Namur, and Tournai. Brussels, the capital, is one of the world's great cosmopolitan cities, home to the European Union, NATO and the Atomium monument. All these cities and regions are connected through a train network that makes it easy and simple to hop on and hop off at your desired destination.

What to do?

Christmas in Belgium, with Christmas markets in Brussels, Bruges, Liege, Antwerp and in other cities, is really an experience you cannot miss. Every winter, Brussels features a magical decor, superb Christmas market, illuminated Big Wheel, roundabouts, street activities, music and the famous skating rink. Winter in Bruges is a month long celebration of the holidays with carillons concerts, Christmas markets and processions making it an original Christmas wonderland.

Looking for something to do during your vacations? Belgium has become the hot destination in Europe for the 20-30 something set. Students and young travelers are gathering at cities like Brussels, Antwerp, Leuven and Namur for stylish shopping, inexpensive hotels, great food, and a pulsating nightlife.

Looking for rest and relaxation? Belgium offers you the original Spa. Located in the middle of the Ardennes and surrounded by forests and rivers, the city of Spa is famous for the mineral springs that initiated the hydro-therapy industry centuries ago. In addition, Belgium offers 67 km of coastline along the North Sea in the Flanders region where you will find beautiful beaches such as De Panne, Ostend, De Haan and Knokke-Heist.

Where to eat?

Trendy cafes throughout Belgium are crowded with students and young professionals. In most places you will find Brussels legendary "frietkots" where they serve Belgian fries for those who want to hang out after the restaurants close. For those blessed with a sweet tooth, Belgium can be paradise offering exquisite chocolates, pralines, and waffles. For more information, here is a complete list of restaurants.

Visas & Documents

Visas for stays of no more than 3 months are required by all except EU/EEA nationals and citizens from Argentina, Australia, Canada, Chile, Croatia, Hong Kong, Japan, Mexico, United States, United Kingdom and other countries. A uniform type of visa, the Schengen visa, is issued for tourist, business and private visits. All visas cost either US$44 (short stay; up to 90 days) or US$64 (long stay). For more information, contact the Belgium embassy or consulate in your country.




Denisse Romero

Study Abroad and Travel Advisor
http://www.macquil.com

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