Spain to offer residency to foreign house buyers

MADRID (AP) — Spain is to offer foreigners residency permits if they buy houses worth more than €160,000 ($200,000) as part of an attempt to reduce the country’s bloated stock of unsold homes.

Trade Ministry secretary Jaime Garcia-Legaz said the plan, expected to be approved in the coming weeks, would be aimed principally at the Chinese and Russian markets as the domestic demand was stagnant and showed no sign of improving. Spain has more than 700,000 unsold houses following the collapse of its real estate market in 2008.

The country’s economy is struggling and is currently in recession with 25 percent unemployment. Thousands of houses have been repossessed by banks and their owners evicted because they cannot pay their mortgages. The government last week approved a decree under which evictions would be suspended for two years in specific cases of extreme need.

http://news.yahoo.com/spain-offer-residency-foreign-house-buyers-124244055—finance.html 

This incredible photo marks the end of Matador Torero Alvaro Munera’s career. He collapsed in remorse mid-fight when he realized he was having to prompt this otherwise gentle beast to fight. He went on to become an avid opponent of bullfights. (The look on this bull’s face says it all for me. Even grievously wounded by picadors, he did not attack this man.) 
Torrero Munera is quoted as saying of this moment: “And suddenly, I looked at the bull. He had this innocence that all animals have in their eyes, and he looked at me with this pleading. It was like a cry for justice, deep down inside of me. I describe it as being like a prayer - because if one confesses, it is hoped, that one is forgiven. I felt like the worst shit on earth.” “Cows are amongst the gentlest of breathing creatures; none show more passionate tenderness to their young when deprived of them; and, in short, I am not ashamed to profess a deep love for these quiet creatures.” - Thomas de Quincey

This incredible photo marks the end of Matador Torero Alvaro Munera’s career. He collapsed in remorse mid-fight when he realized he was having to prompt this otherwise gentle beast to fight. He went on to become an avid opponent of bullfights. (The look on this bull’s face says it all for me. Even grievously wounded by picadors, he did not attack this man.) 


Torrero Munera is quoted as saying of this moment: “And suddenly, I looked at the bull. He had this innocence that all animals have in their eyes, and he looked at me with this pleading. It was like a cry for justice, deep down inside of me. I describe it as being like a prayer - because if one confesses, it is hoped, that one is forgiven. I felt like the worst shit on earth.” “Cows are amongst the gentlest of breathing creatures; none show more passionate tenderness to their young when deprived of them; and, in short, I am not ashamed to profess a deep love for these quiet creatures.” - Thomas de Quincey

Incensed Spain threatens Argentina after YPF (LARGE OIL COMPANY) seizure

MADRID (Reuters) - An incensed Spain threatened swift economic retaliation against Argentina on Tuesday after it announced plans to seize YPF, the South American nation’s biggest oil company which is controlled by Spanish energy group Repsol.

Madrid called in Argentina’s ambassador over the nationalizationorder on Monday by Argentina’s populist and assertive president,Cristina Fernandez, a move that sent Repsol shares tumbling but delighted many of her compatriots.

"I must express my profound unease. It’s a negative decision for everyone," Spanish Prime Minister Mariano Rajoy said.

Speaking at a World Economic Forum meeting in Puerto Vallarta, Mexico, he said the Spanish-controlled company was being expropriated “without any justification.”

Spanish industry minister Jose Manuel Soria promised “consequences” in the coming days. “They will be in the diplomatic field, the industrial field, and on energy,” he said.

Spain was due to consider next steps at a cabinet meeting on Friday. But it appeared to have little leverage over Argentina, which has proven impervious to pressure in the past.

Repsol said YPF was worth $18 billion as a whole, and it would be seeking compensation on that basis, but the Spanish oil major’s shares fell by 7.5 percent in Madrid.

Argentina’s deputy economy minister said Buenos Aires would not meet Repsol’s valuation.

"This battle is not over," Repsol Chairman Antonio Brufau said. “The expropriation is nothing more than a way of covering over the social and economic crisis facing Argentina right now.”

The company said it could raise money in the bond market and sell some assets to help its cash flow.

Fernandez dismissed the risk of reprisals, saying: “This president isn’t going to respond to any threats … because I represent the Argentine people. I’m the head of state, not a thug.”

Read More Here:

http://news.yahoo.com/eu-voices-concern-over-argentina-ypf-seizure-130015844—finance.html

Spanish Police: Three Arrested in PSN Hack Attacks

Spanish police this morning say they have arrested three involved in the hacking of Sony’s Playstation Network, which lead to Sony shutting down the Playstation 3’s network for a month, locking nearly 80 million gamers out of playing online.

All three were freed without bail pending formal charges. The New York Times reports that they are expected to be charged with “forming an illegal association to attack public and corporate Web sites, a charge that faces a potential sentence of up to three years in prison.”

"Spanish Police dismantle the #Anonymous hacker group in Spain. They attacked #Playstation Store,” they wrote on their official Twitter feed early this morning. “Police arrested 3 #Anonymous leaders in Barcelona, Alicante & Almería. They attacked governments of Egypt, Algeria, Libya, Colombia…

#Anonymous has thousands of ‘zombies’ computers infected all over the world.”

The New York Times reports that according to police one of the hackers had “harbored a computer server in an apartment in the northern port city of Gijon, from which the group attacked the Web sites of the Sony PlayStation online gaming store.”

It is not clear if the three were the only ones suspected of being responsible for the massive hack attack or if this is the beginning of a series of arrests.

Spanish police say the three are also connected to hacking attacks on banks BBVA and Bankia, utility ENEL and the governments of Egypt, Algeria, Libya, Iran, Chile, Colombia and New Zealand.

The investigation by Spanish police in October 2010 after a denial of service attack was carried out on the country’s Minister of Culture website.

Anonyops, a site often used for public statements from the group, had no comment posted about the arrest. The official Twitter feed for the group had this to say:

"Dear @policia, Expect us. #Anonymous.”

The organized hack attack forced Sony to shut their Playstation Network, Qriocity and Sony Online Entertainment services down and resulted in theft of personal data from millions of users. Some experts have said it is the largest hack attack in history.

The attack spurred the government’s of countries around the world to look into the timing of Sony’s customer notification. According to Sony’s own timeline, released to congress as part of a response to their questions earlier this week, Sony first discovered the breach on April 19, but didn’t realize data had been taken from the servers until April 20. The company publicly notified customers of the stolen data on April 26, a day after three private security firms hired by the company confirmed most of what had been stolen.

The arrests come days after FBI arrested a man whom they say is a member of hacker group LulzSec, accusing him of being involved in the attacks on Sony BMG, Sony Pictures and Nintendo USA’s website.

We have contacted the FBI, who is conducting the investigation into the attack in the U.S., and Sony for comment and will update this story when they reply.

Kotaku.com

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