LA MENISTRA SANITARIA
HOUSING PRICES IN SPAIN
El Pais avisa de que no hay que fiarse de que esto ha bajado mucho y se va a lanzar la gente a comprar desesperada, por ahora lo que se están lanzando es los bancos a vender............... y eso es una buena pista de lo que esperan. En España las casas están muy caras, y casi todo lo demás tambien.......... hay pocas alternativas a una deflacion en terminos reales, que puede venir con inflación, o sin ella
WANT A CHEAP GYM? TRY THE STAIRS
Ponte mas sana y güenorra/o subiendo por las escaleras
Check out this article that I saw in USA TODAY's iPhone application.
Want a low-cost, gym-free exercise? Try climbing stairs
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REFLEXION MATUTINA SOBRE EL ESTADO DEL BIENESTAR
BUT IT MOVES
China May Give Xi Military Post to Endorse Leadership Succession
Oct. 18 (Bloomberg) -- China's Vice President Xi Jinping may be appointed today to help oversee the 2-million-strong armed forces, strengthening his position to be the next leader of the world's most-populous nation.
Xi, 57, is set to become a vice chairman of the ruling Communist Party's Central Military Commission, analysts including Victor Shih said. The title, bestowed upon President Hu Jintao in 1999 when he was vice president, would enable Xi to forge closer ties with the People's Liberation Army ahead of a 2012 party congress that will choose China's new leadership. Hu chairs the military commission.
"It would be very unseemly not to admit Xi into the CMC at this point," said Shih, a professor who teaches Chinese politics and finance at Northwestern University in Evanston, Illinois. "If he is smart, he will keep his head down and defer to Hu."
China's leaders gathered behind closed doors at a Beijing hotel on Oct. 15 for a four-day meeting that will also shape the country's latest five-year economic plan. The 200-plus permanent members of the party's central committee may also have discussed ways to address a gaping wealth gap that the official Xinhua News Agency called a "severe social reality" in its preview of the annual leadership meeting.
Xinhua said the party was likely to endorse Hu's call for an "inclusive growth" model to address inequality. The agency cited the World Bank's finding that the Gini coefficient -- a measure of inequality -- reached 0.47 in 2009, exceeding the 0.4 mark that is a predictor of social unrest.
Princeling Roots
Xi, the son of a former vice premier, was previously party chief in eastern China's Zhejiang province and in neighboring Shanghai. He was also in charge of organizing the 2008 Summer Olympic Games in Beijing and last year's celebrations marking 60 years of Communist Party rule. Xi served as Shanghai's Communist Party secretary for a year after the previous incumbent, Chen Liangyu, was fired and later imprisoned for 18 years for corruption.
Xi holds a doctorate in law and a chemical engineering degree from Beijing's Tsinghua University, Hu's alma mater, according to a biography distributed by the official Xinhua News Agency. He is married to a well-known singer.
Chinese scholars refer to Xi as a "princeling" because he's the son of a prominent official. His father, Xi Zhongxun, who died in 2002, was responsible for setting up the Shenzhen special economic zone when he was governor and party chief of southern China's Guangdong Province.
Out of Favor
The elder Xi was a vice premier from 1959-62 before falling out of favor with Chairman Mao Zedong, who established the People's Republic of China in 1949.
The direction of China's political development may also have featured at the Beijing meeting. In the run-up to the plenum, Premier Wen Jiabao called for a relaxation of state control of social and political affairs.
A group of retired officials drawn from the military, state media and academia, last week accused "invisible black hands" of suppressing a speech last month in which Wen called for greater political openness to match economic gains. The open letter by party elders including Li Rui, Mao's former secretary, was published on the Internet Oct. 11.
To contact the editor responsible for this story: Bill Austin at billaustin@bloomberg.net
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BOUGHT YOUR PILLS SOME MILES AWAY
Walking 6 to 9 miles a week may help memory
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MATEMATICA BASICA
English short
Just heard in a Spanish channel a piece of news about India´s population healt stressing that 1 in 6 diabetics in the world lives there..............but tachan tachan, 1 out of 6 persons of the world is from India . By the way Indians are very good at mathematics, ingenieering and similar disciplines..........
CASAS AL 50% EN MURCIA
Nicklaus Golf Homes in Spain Offered at 50% Discount by Lenders
Oct. 15 (Bloomberg) -- Prices of repossessed apartments built on six Spanish golf courses designed by Jack Nicklaus have been slashed by as much as 50 percent as banks try to sell assets acquired during the property market collapse.
A two-bedroom, 74 square-meter (796 square-foot) penthouse in Murcia, southern Spain, is on sale for 128,800 euros ($180,000), down from 272,000 euros three years ago. It overlooks the 18-hole Hacienda Riquelme course and has air conditioning, a 32 square-meter terrace and communal pool.
Spain's real-estate and construction slump left thousands of vacation properties unsold and their builders facing bankruptcy. The number of homes purchased in Spain by foreigners dropped 78 percent from 2006 through 2009, according to a study published last week by the property website Fotocasa.es and the IESE Business School in Barcelona.
"This shows how desperate the banks are to offload their real estate," said Borja Mateo, author of the book "The Truth About the Spanish Housing Market." "The properties still look overvalued."
Polaris World, the closely held builder of the Murcia resorts, handed over 1,500 properties and land to lenders in May 2009 to cancel 970 million euros of debt. Now the banks, which include Banco Popular Espanol SA, are using hefty discounts and 100 percent mortgage deals to help clear the backlog, according to the website of Villa Cashback, which specializes in marketing the Murcia apartments to British buyers.
An 85 square-meter, ground-floor apartment with two bedrooms overlooking the Mar Menor golf resort is on sale for 159,000 euros, down 28 percent from the 2007 price.
No Offers
Anne Simpson, a 55-year-old from the Scottish city of Glasgow, is trying to sell her vacation home overlooking Hacienda Riquelme, which she bought in 2003 for 192,000 euros before it was built. She's had no offers so far and thinks she'd be lucky to get 150,000 euros for it.
"As beautiful as the resorts are, they are in the middle of nowhere," she said. "It's getting better and more populated, but it's still a bit of a wilderness."
Golf became part of the construction mania that swept Spain in the decade through 2007 as prices for privately owned homes tripled. The country built more courses in the period than any member of the euro region except Germany, according to the European Golf Association. There are now 345 in Spain, 92 percent more than in 1997.
Existing home prices in Spain have fallen 22.5 percent since peaking in April 2007, the study from Fotocasa.es and IESE showed. The country now has about 1.4 million unsold homes, according to Aguirre Newman, a Madrid-based property adviser.
Fallout in Spain
Spanish banks took about 60 billion euros of real estate onto their books as a result of the country's worst recession in 60 years. Starting Sept. 30, the central bank enforced tighter rules on how much lenders have to set aside in provisions for the assets, making it more expensive to hold on to them.
In Murcia, a region providing easy access to the 250 kilometers (155 miles) of beaches lining Spain's Costa Calida, there are 21 golf courses within 50 kilometers of each other.
Hacienda Riquelme is the largest of six courses that were fashioned by Nicklaus Design, the company founded by the 18-time golf major winner, and completed between 2005 and 2009. Three are now run by Ola Golf, a company subcontracted by IRM Estates, the group of banks that canceled Polaris World's debt in exchange for assets.
The others are managed by Polaris, which is 40 percent- owned by Credit Suisse Group AG, according to Polaris's website. Beatriz Suarez, a spokeswoman for Polaris, couldn't be reached for comment for this story. IRM Estates also couldn't be reached. Neither Nicklaus nor his company have any investment or involvement in the resorts, said Scott Tolley, his spokesman.
More Inquiries
There are signs the deep discounts for the Nicklaus golf apartments may be starting to spur interest, according to Paul Williams, managing director of U.K.-based Villa Cashback. He said his company sold four times as many of them in the first half of 2010 as it did a year earlier, declining to be more specific. He's getting twice as many inquiries as last year.
"For the first time since 2008, we have seen the return of the 'blind buyer,' where a property is reserved without viewing, usually for the best discounted bank bargains," Williams said. "Two years ago, the overriding sentiment was fear; now it's opportunism."
The British traditionally account for about 70 percent of overseas buyers of Spanish property. They may not be eager to splash out on vacation homes as the U.K. economic recovery falters and the government cuts spending to tackle a record budget deficit.
Brits in Spain
In 2007, about 45 percent of British buyers in Spain invested 250,000 euros to 350,000 euros, according to U.K. homebuilder Taylor Wimpey Plc, which markets golfing properties in the Spanish cities of Marbella and Alicante. Today, 20 percent are looking to spend 250,000 euros or more and 5 percent are prepared to spend more than 350,000 euros.
Gillian Kirk-Bushnell, a 67-year-old retired sales executive from near Canterbury, England, lives in her three- bedroom villa on the Mar Menor resort all year. She bought the property four years ago for 389,000 euros.
"For 132 euros a month, my lawns are mowed and irrigated, the communal gardens are kept immaculate and we have 24-hour, year-round security," she said in an interview at the resort, surrounded by pristine greens, tropical trees and exotic plants. "This is a huge asset for people looking to invest in holiday homes."
Murcia's Outlook
Murcia spent 750 million euros in the past two years to boost infrastructure and lure visitors. A new international airport in Covera, a town 20 kilometers from Murcia's city center, is scheduled to open in 2011, and a high-speed rail link connecting the area to Madrid is due for completion in 2014.
Paramount Pictures Corp. has also reached a preliminary licensing agreement with the Regional Government of Murcia for a movie-themed leisure park to be built in the area, according to Pedro Alberto Cruz, Murcia's regional councillor for culture and tourism. The project could bring 20,000 jobs to Murcia, which has an unemployment rate of 21.3 percent, he said.
Kirk-Bushnell says she has no regrets about buying her place, even though it has dropped in value.
"It's irrelevant," she said. "We live in paradise here and I'm not going anywhere."
To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net
To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net
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GOOD NEWS FROM THE ARMY
sencillo test sanguineo
Army finds simple blood test to identify mild brain trauma
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EL POST MAS VISITADO
REVERSE REASONING
- When numbers point we can scape the double deep or the prolonged squeeze stocks go up thanks to the optimist side
- When numbers point we can go to double deep or a prolonged anguish, stocks go up because the FED will intervene and buy a lot of things putting a massive amount of liquidity in the system (QEII) , though most of the current liquidity does not flow to the economic system, just comes back to the FED trough. overnight deposits.
This has a name, is called complacency and is the most important ingredient for a crash..........
FUTURO ELECTRICO
- Como algunas empresas dudan entre optar por el desarrollo de un motor electrico y otras por dejar la tarea a empresas ajenas al sector automovilistico y centrarse en los demas componentes del automovil y su ensamblaje. Las implicaciones pueden ser importantes
- Pensaba en la F1, cuando se pasará al vehiculo electrico, si el modelo es mantener el espectaculo de la velocidad y las prestaciones extremas pueden pasar muchos años, tal vez un par de decadas hasta que las prestaciones de un supuesto vehiculo electrico, aun los más avanzados, exclusivos y complejos pudieran tener prestaciones comparables con los actuales F1........ pero este sería un buen indicador de que la tecnología ha dado el salto.
English just commenting the link
Interesting article in Bloomberg about the BMW move after giving up in formula 1, changing its developing team to the electric vehicule research and developing. They seem cometeed even to the develop of an electric engine, something that for example Mercedez doesn´t have so clear and keeps open the possibilty of using motors developed by other industries and companies.
Arthritis ON THE RISE
Arthritis spikes, hitting 22% of U.S. adults
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ALGO SE MUEVE EN USA
MICROSOFT AND ADOBE
Rumores de posible affair entre Microsoft y Adobe, ojo al dato que el movimiento es interesante y supongo que una via de reforzar el ecosistema windows para moviles especialmente.
NOBEL PARA PERU
La Niña Mala, lo ultimo que lei suyo me pareció una novela de un autor muy experimentado ya, entretenida, interesante relato narrativo de dos vidas muy diferentes que convergen, consiguiendo un completo dibujo de las mismas en apenas 200 paginas. Pero la que en su momento me pareció un novelon fue La Guerra del Fin del Mundo, bastante extensa eso si.
FEMINISMO O CHORRADISMO
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PROBANDO
recibido por mail
The iTalk recording "Untitled 9" is attached.
Recorded: Mar 23, 2010 2:01:37
Length: 0:11
SPAIN GREY FUTURE
La OCDE dice que el futuro economico de España pintá en globo................ Hay mucho que cambiar en España y no se hará en meses................pasarán años, tal vez legislaturas.............
LIBRARIES, THERE'S AN APP FOR THAT
Libraries launch apps to sync with iPod generation
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OJO A GOMEZ
Zapatero, tiene poco que perder y mucho que ganar, el post-
zapaterismo acaba de nacer, aleluya.
A mas a mas: me da que Gomez no se queda aqui, a poco que mejore
resultados de su partido en Madrid, algo asequible, podemos tener un
nuevo referente en la politica española.
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