Park Life

Yeah just give them stuff to build nukes.

Always had the idea that pubs in Dublin are lush.

The Australian founder of the whistleblower website Wikileaks had his passport confiscated by police when he arrived in Melbourne last week. Julian Assange, who does not have an official home base and travels every six weeks, told the Australian current affairs program Dateline that immigration officials had said his passport was going to be cancelled because it was looking worn. However he then received a letter from the Australian Communication Minister Steven Conroy’s office stating that the recent disclosure on Wikileaks of a blacklist of websites the Australian government is preparing to ban had been referred to the Australian Federal Police (AFP). Last year Wikileaks published a confidential list of websites that the Australian government is preparing to ban under a proposed internet filter – which in turn caused the whistleblower site to be placed on that list. " http://www.timesonline.co.uk/tol/news/worl...icle7128506.ece

BERLIN http://www.reingold.de/cms/

http://skimmingtoncastle.com/index.html Many a dreamy afternoon spent there.

Can Hughton walk on water?

Not very European to kick 2 European countries out of Europe. You only have to go into a Portugese cafe to know the Euro is fucked....All standing around talking while queues build.

Parky Thinktank © is predicting the collapse of the euro this year.

Looks good CT. Haven't had a chance to get some good baby toms plants yet.

I can't remember talk of oil around the islands before the war but the suggestion was of mineral rights in the Antarctic itself which the Falklands would provide a claim basis/logistical centre for. that was why the Antarctic Treaty was signed in 1961 - to stop people digging the place up the latest announcement from Rockhopper indicates a really good find - .................... Hopefully make us a heap of cash?

Reducing PM questions is equivalent to this is it? Righto. This is quite simply indefensible, don't let that stop you trying though. They're planning to stay in power and through the coming crisis, therefore neee to shore up any loopholes.

Agreed.

6000BC Sumer (The key). http://en.wikipedia.org/wiki/En%C3%BBma_Eli%C5%A1 2500BC Egypt 400BC Rome

Best time to read it. Save yourself!!11

Something smells in the State of Denmark.

They're done it to clubs in Brazil as well apparently. Right pair of tinkers. Not sure maybe Puds can clarify, but MA isn't charging us interest from S.J.Holdings I don't think.

KPMG: Liverpool FC On The Verge Of Administration After Massive Rise In Debt by Willie Gannon The season that just keeps kicking gave Liverpool and its many fans the worst news imaginable after reports emerged that the club have sunk deeper into debt. Yesterday's financial report from Kop Holdings revealed a record loss of £54.9 million over the course of the last season, meaning that the club's total debt now stands at £472.5 million. Accounts for the club's holding company for the year ending in July 2009 show rising interest payments of £40 million over the last year, wages breaking the £100 million range for the first time and a record loss of £54.9 million. At the end of last season, after a record profit of £10 million, Liverpool's debt stood at £350m. Urgent negotiations with RBS and a refinancing of the loan reduced the deficit to £237 million, and the British Government-owned bank are now expected to come back and seek their money. £233 million of the debt is owed to RBS and Wachovia, while another £144.4 million is owed to Hicks and Gillett's parent company, Kop Cayman. At the end of last season KPMG had warned Kop Football Ltd. of the "material uncertainty" of their product. In other words, should Liverpool fail to bring the EPL trophy or the Champions League trophy home in the 2009/10, then the debt would increase substantially, as there would not be any monies available to pay off their debt. With the current findings we can see that that is exactly what has happened to the once great club. Liverpool have until the end of July to pay RBS and Wachovia their debt, or at the least a very large portion of the debt through player sales, which looks increasingly like the only way out of the mire. Already ahead of the curve, the EPL and UEFA summoned new Chairman Martin Broughton to their headquarters to discuss Liverpool's participation in their respective tournaments next year. Their greatest fear is that the now Government-owned bank will have nowhere near the same level of sympathy for the club that they had last year. RBS restructured their core business after the EU allowed the company to redesign itself after the biggest taxpayer bail out in Europe during the financial crisis, some £100 billion. As a result of the restructuring RBS are expected to shed 20,000 from their world wide work force. The EU’s top competition enforcer, Neelie Kroes, warned that if the bank failed to meet 2013 targets to restore healthy balance sheet then the EU would be forced to take action upon the bank. The fact that the goalposts have now shifted for RBS means that the bank will almost definitely come looking for Liverpool to repay their debt. There is no sympathy for football clubs who spend beyond their means in the current climate, and Liverpool will do well to garner support from political parties because their debt is essentially taxpayer money. Broughton has been quick to talk of the proposed £81 million four year sponsorship deal with Standard Charter and how it will help to reduce the debt. However, it would now seem that the level of sponsorship depends upon Liverpool's success during that period. One theory on Broughton's role that has begun to surface is that his appointment to the role of Chairman is only window dressing to appease RBS, to make it look as if the club are actively looking to reduce their debts but are in actual fact treading water with no serious buyers on the horizon. This would seem to go with the EPL's recent talks with Broughton about their commitment to meet every fixture next season. "I expect to be chairman until we sell, so a matter of months,” Broughton said. “There’s no fixed price, there’s no agreed price—it’s a willing buyer, willing seller trade. We have willing sellers and there are willing buyers out there—that will determine the price," which all sounds a little bit desperate. With the club now losing £110,000 a day it looks as if Broughton, RBS, and the UK Government will have much to discuss over the next two months. To make the debt look more servicable Royal Bank of Scotland and Wachovia have forced Tom Hicks and George Gillett Jr. to move Liverpool’s borrowings away from them and on to Hicks' Cayman Islands-listed parent company, Kop Cayman. Many fans rejoiced last year when Liverpool appeared to reduce their bank loan from £350 million to £290 million, but that turned out to be financial slight of hand and was only because their offshore parent company increased its loan to the club by £86.2 million to £144.4 million. That loan, on which Liverpool has to pay 10 percent interest, is likely to have increased over the last 12 months, explaining these new devastating figures. Only this week Rafael Benitez eventually agreed to meet Martin Broughton about the Spaniard's future at the club. There has been a huge amount of speculation about his future role at the club, with stories emanating from Italy every day with new links to Juventus. Benitez has played a political chess game with Hicks and Gillett in the corridors of power at Anfield, and he has become part of the fabric at the club with his people in virtually every position of power regarding the football side of the club. He has called upon the owners to lavish him with money, or he will leave. He has told them not to sell Fernando Torres or Steven Gerrard, or he will leave. He has also called upon them to meet their many promises, or he will leave. Rafa knows the club lies on the edge of a financial precipice and has made demands that he knows sound impossible given the level of debt. During his six years at the club he has spent some £210 million on 49 players, whilst bringing in some £125 million for 80 players. With the news that Rafa is now saying he needs at least six new players to challenge for fourth, it would seem that Rafa has spent quite poorly over his time in charge. To say he needs six players for a decent team after six years in charge is nothing short of Benitez admitting wasting Liverpool's money. The biggest rise, however, has come in the wages bracket at the club, where Benitez has almost doubled the club's wage bill since taking over. 2004- £66m 2005- £65m 2006- £68m 2007- £75m 2008- £79m 2009- £101m Total- £454 For the second year running KPMG have given a brutal audit on all that is wrong with Liverpool FC, citing "material uncertainty" yet again. "These conditions indicate the existence of a material uncertainty which may cast doubt on the parent company's ability to continue as a going concern," it said. Liverpool are on the verge of becoming the next Leeds or Newcastle; the EPL think so, UEFA think so, and KPMG know so. The next two months are vital for the club. Challenging for the title is gone, keeping Benitez at the club looks less and less likely every day, Fernando Torres has intimated that he wants to leave English football, and Steven Gerrard has just endured his worst ever season in a red shirt. Liverpool will not earn Champions League money next season, they will not challenge for the league title, their best players could leave, and their manager could go to Italy. Next year couldn't be any worse than this one, could it?

The State of Liverpool FC – An Idiots Guide While "senior sources" at the club (Christan Purslow) try to facilitate a smear campaign against the manager, pretend everything is rosy at the club and briefs the press to headline the Rick Parry pay off on the day the club's financials are tactically released on election results day; here's what's really going on at Liverpool Football Club: The figures released on Friday 8th May 2010 indicate that Liverpool FC is in net debt to the tune of £351m; an increase of £52m from last year’s figure. A total of £233.996m is owed to RBS, in addition to an inter-company loan of £144.441m owed to “Kop Cayman”; a company owned by Gillett and Hicks based in the Cayman Island for tax reasons; a company that have loaned Liverpool FC £144.441m at an interest rate of 10%. This is the “own money” that Gillett and Hicks claim to have put into the club. In reality, they’re just charging the club 10% interest for lending that money through an offshore limited liability company that they aren’t even personally liable for – Liverpool FC are. Liverpool FC are not paying the interest off on that £144.4m however. It is being charged as a “compound interest”, meaning the interest isn’t paid, but is instead “rolled up” to the grand total. For example, this year (if I’ve got this right): £144.4m @ 10% interest = £14.44m payable this year. Instead of paying that £14.44m, it is rolled onto the total making the outstanding debt owed to Kop Cayman £158.88m. The following year this is then charged at a further 10% interest: £158.88m @ 10% interest = £15.88m payable next year. Instead of paying that £15.88m, it is rolled onto the total making the outstanding debt owed to Kop Cayman £174.76m. The following year this is then charged at a further 10% interest: £174.76m @ 10% interest = £17.76m payable next year. Instead of paying that £17.76m, it is rolled onto the total making the outstanding debt owed to Kop Cayman £192.52m etc etc etc... The debt soon spirals out of control, as you can see; and don’t forget, this only concerns the £144.4m owed to Gillett and Hick’s Cayman Islands company – it doesn’t concern the huge £234m owed to RBS.

@ Renton. There is an explanation in the site of the opening link.

I don't take it too seriously.