million euros – Disturb Media http://disturbmedia.com/ Sun, 13 Mar 2022 15:53:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://disturbmedia.com/wp-content/uploads/2021/10/icon-6-120x120.png million euros – Disturb Media http://disturbmedia.com/ 32 32 Back to the Future: How Michael J. Fox learned to survive in Hollywood with a neurodegenerative disease | Culture https://disturbmedia.com/back-to-the-future-how-michael-j-fox-learned-to-survive-in-hollywood-with-a-neurodegenerative-disease-culture/ Sun, 13 Mar 2022 15:53:00 +0000 https://disturbmedia.com/back-to-the-future-how-michael-j-fox-learned-to-survive-in-hollywood-with-a-neurodegenerative-disease-culture/ In 1991, Michael J. Fox received news that would change his life. At the peak of his career, months after the third installment of Back to the future had pocketed 244 million dollars (220 million euros) at the box office, a neurologist whom Fox had gone to see after noting muscle pain and a tremor […]]]>

In 1991, Michael J. Fox received news that would change his life. At the peak of his career, months after the third installment of Back to the future had pocketed 244 million dollars (220 million euros) at the box office, a neurologist whom Fox had gone to see after noting muscle pain and a tremor in a finger, gave him his diagnosis: Parkinson’s disease. In No Time Like the Future: An Optimist Considers Mortality, recently published in Spanish, Fox recalls being told by the doctor that he might be able to work another 10 years. He was 29 at the time.

The following months were not easy for him or his wife, actress Tracy Pollan. Terrified and trying to figure out what the future would bring, Fox started drinking. The situation has become untenable. Encouraged by his wife, he sought psychological help to deal with his demons. His son Sam, born in 1989, remembers that one of his earliest memories was going to the fridge to get a beer for his father. The therapy helped the actor stop drinking and strengthen his relationship with his family. In 1994 Tracy became pregnant with twins, Aquinnah and Schuyler, and in 2001 they welcomed another child, Esmé. “People felt oddly comfortable asking if we were concerned about carrying more children while dealing with the open escalation of a major neurological disorder and fear that babies might inherit disease,” writes Fox. “The question could be construed as inappropriate, but the answer was: we weren’t concerned, and neither should they be.” It remained to be seen how soon he would have to say goodbye to the cameras.

Rather than go public with his illness, Fox decided to continue working out for as long as his body would allow. The moment he dreaded came in the spring of 1998, during the filming of the series spin the town. “My Spin City character had no DP; so at the end of our second season, it was difficult for him to credibly pass for an uncompromising physique. Growing increasingly worried that my random moves would alienate the audience, and would alienate them if I did (Would they still think I was funny if they knew I had Parkinson’s?), I chose to publicly disclose my condition,” Fox recalled.

Michael J. Fox in “Family Ties,” the TV sitcom that made him a household name in the 1980s.Paul Drinkwater (NBCUniversal via Getty Images)

Fox went public with his condition in November 1998. Two years later, after turning 40, he retired from show business because, according to him, his face had lost its former expressiveness. At this time, he created the Michael J. Fox Foundation, an NGO that funds research into a cure for Parkinson’s disease. In his memoir, Fox said he always enjoyed being an actor that editors cut at any moment for an appropriate reaction, his face still alive in a scene. Speaking or not, he liked his characters to always be lively and engaged. But gradually, with the effects of Parkinson’s disease, “my face began to withdraw into a passive, almost frozen disposition”.

This hiatus did not last as long as Fox had expected. In 2004, after receiving a call from Bill Lawrence, co-creator of Turn the city, he agreed to appear in two episodes of the comedy Scrubs. The role of Doctor Kevin Casey, an eccentric neurosurgeon suffering from obsessive-compulsive disorder, allowed him to think about his professional future from a new angle.

Michael J. Fox as Doctor Kevin Casey in
Michael J. Fox as Doctor Kevin Casey in “Scrubs”, a role he played after going public with his illness.NBC (NBCU Photo Bank/NBCUniversal via)

“I found that I could focus less on the external aspects and stop trying to hide my symptoms. It was a relief from my days spin the town, when I kept a live audience waiting while I paced my dressing room, slapping my arm with my fist in a vain attempt to stifle the tremors. At Scrubs, instead of trying to kill it, I invited my Parkinson’s disease with me on set. I felt free to concentrate on the task that every actor, valid or not, is responsible for accomplishing: revealing the inner life of another human being. By focusing on my character’s vulnerabilities and not my own, Parkinson’s could actually go away.

Although he no longer has the star status of the 80s and 90s, aside from his role as the voice of the protagonist in Stuart Little, the small screen gave Fox an escape route. His minor characters on Boston Legal (2004-2008) and Curb Your Enthusiasm (2000), where he dared to turn his illness into humor, gave him a sense of salvation. His role on Save me won him an Emmy in 2009 for Outstanding Guest Actor.

Fox’s favorite role at this time was attorney Louis Canning in The good wife (2009-2016), which he played for 26 episodes over four seasons. “The writers of Good Wife have created a character who shamelessly exploits her own misfortune, turning her into an asset to win sympathy and votes from the jury. … Disabled and disabled characters are always seen in a sympathetic light, the sweet piano rising crescendo as they achieve their relatively modest goals. This guy was different. He was weak, but no piano. He was an asshole.”

Despite his illness and various ailments, Michael J. Fox showed he could do things like take the stage to sing with Sting at the 'A Funny Thing Happened On The Way To Cure Parkinson' gala in New York City in October 2021.
Despite his illness and various ailments, Michael J. Fox showed he could do things like take the stage to sing with Sting at the ‘A Funny Thing Happened On The Way To Cure Parkinson’ gala in New York City in October 2021. Jamie McCarthy (Getty Images for The Michael J.)

“Mine is not a mental or emotional disorder, although these issues can develop. It is neurological and manifests as corruption of movement,” Fox explains in No time like the future. “Some people will focus on mild paralysis, tremors in fingers and limbs. That is certainly part of it. But at least in my experience these symptoms have become more manageable over time. Much more difficult to recognize and accept is the decrease in movement.

The case of Fox is particular. His large fortune allows him to cope with the disease and its consequences. But the Spanish Parkinson’s Federation notes that beyond Hollywood, “it’s important for companies to promote positive measures and working arrangements to help people with Parkinson’s who want to stay active.” the longest time possible. And in cases where they cannot keep their jobs, they should benefit from social protections that adapt to their needs and allow them to access disability support.

Fox’s health deteriorated significantly in late 2017. Alarmed by a sudden tendency to collapse to the ground, in January 2018 he had an MRI. An old spinal cord tumor, which had been under control for years, had begun to grow.

“Given the size and location of the tumor at the cervico-thoracic junction, it is risky. I mean, who wants to be the guy who paralyzes Michael J. Fox? The words of Doctor Nicholas Theodore, director of the Neurological and Spine Center at Johns Hopkins Hospital in Baltimore, did not bother him at all. On the contrary: “I tend to trust people who make me laugh when things get dark.”

The Fox family.  From left to right: Esme Fox, Tracy Pollan, Michael J. Fox, Schuyler Fox, Sam Fox and Aquinnah Fox in 2021..
The Fox family. From left to right: Esme Fox, Tracy Pollan, Michael J. Fox, Schuyler Fox, Sam Fox and Aquinnah Fox in 2021..Jamie McCarthy (Getty Images for The Michael J.)

Despite the fact that in April 2018 the tumor was successfully removed, Fox spent the following months in intense rehabilitation sessions to regain mobility and control over his movements.

On August 13 of the same year, a fall delayed Fox’s recovery. Spike Lee had offered him a brief appearance in See you yesterdaya film about time travel, with a nod to Back to the future. That morning, Fox had been thrilled to return to a film set, but he had to cancel his appearance after he fell on the floor of his New York apartment. “My family put up with so much bullshit. Four months since I had major back surgery, and I risked the health and safety of my family by being a jerk,” he wrote of the unexpected accident that took place. broke his humerus.

After another round in the operating room, which left him with 19 screws in his arm, Fox’s characteristic optimism disappeared. He fell into an existential crisis tinged with depression. “Unexpectedly, Parkinson’s disease and the tumor on my spine were easier to accept than my fracture. The arm crisis was there in an instant, an explosion. A cataclysm. I am not prepared for the fallout. My mood darkens,” he recounts in the book.

The third act

In 2019, Fox’s luck turned. Spike Lee offered him the opportunity to film this remaining scene of See you yesterday. And in the fourth season of The good fightFollowing The good wife, he took over the role of Louis Canning. The feeling of returning to familiar territory was a relief. But he soon realized the production had a smaller budget and tighter schedule. At the same time, he began to have trouble pronouncing certain words in the script.

“Now my acting job doesn’t define me. The burgeoning decline in my ability to download words and repeat them verbatim is just the latest ripple in the pond. There are reasons for my memory errors. – whether it’s age, cognitive issues related to the disease, distraction from the constant sensations of Parkinson’s disease, or lack of sensation due to the spine – but I read it as a simple message. Everything has its moment, and my time of working 12 hours a day and memorizing seven pages of lines is over. At least for now.”

Many other public figures, including actress Helen Mirren, boxer Muhammad Ali, musician Ozzy Osbourne and painter Salvador Dalí have struggled with Parkinson’s disease. Michael J. Fox announced his final retirement in November 2020, at age 59, 20 years later than his neurologist predicted in 1991. And it may be the greatest achievement of his career.

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Spain’s central government refuses to fund America’s Cup hopes in Malaga https://disturbmedia.com/spains-central-government-refuses-to-fund-americas-cup-hopes-in-malaga/ Sun, 27 Feb 2022 06:33:55 +0000 https://disturbmedia.com/spains-central-government-refuses-to-fund-americas-cup-hopes-in-malaga/ The sailing team in action. / ON The Malaga government delegate confirmed that the executive already has a commitment with the city so that it can host Expo 2027 Malaga’s central government delegate, Javier Salas, yesterday ended the ambitions of Malaga mayor, Francisco de la Torre, to obtain state funding to support the bid to […]]]>

The sailing team in action. / ON

The Malaga government delegate confirmed that the executive already has a commitment with the city so that it can host Expo 2027

Malaga’s central government delegate, Javier Salas, yesterday ended the ambitions of Malaga mayor, Francisco de la Torre, to obtain state funding to support the bid to host the Americas Cup.

The decision surprised the mayor, who had formally asked the central government to pay at least 20 of the 30 million euros it would cost to expand the pier attached to the Levante Quay (ADL) in the port of Malaga, which would serve as the basis for the competing teams.

“The government is working to improve the province’s infrastructure at the port, airport, rail system and road network, all of which are state dependent.

But the Government does not have the responsibility to finance the alleged aspirations of the Malaga City Hall to host the Americas Cup, since this is outside our area of ​​​​competence, ”said the delegate, who assured that the executive was focusing on the channeling of European funds to the province. and, through the state budget, “ensure the province has a just recovery, with funding for local businesses.”

Javier Salas said the government had a “clear and decisive compromise with [the city’s] Expo 2027”, on which the Council of Ministers has already given its agreement; and has assumed the responsibility of presenting this candidacy to the organizing body, located in Paris.

“There is a clear and serious compromise on the part of the Spanish government and we are working on [the Expo]”Salas said.

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Could sanctions leave the oligarchs’ super yachts dry in Spain? | Russia https://disturbmedia.com/could-sanctions-leave-the-oligarchs-super-yachts-dry-in-spain-russia/ Sat, 26 Feb 2022 19:46:00 +0000 https://disturbmedia.com/could-sanctions-leave-the-oligarchs-super-yachts-dry-in-spain-russia/ Among the many stark white boats lining Barcelona’s historic port, the super yachts of the super rich stand out. If they are less numerous than usual at the moment it is because most of them are still wintering in the Caribbean. However, overshadowing the small fry (super yachts are roughly defined as starting at 25 […]]]>

Among the many stark white boats lining Barcelona’s historic port, the super yachts of the super rich stand out.

If they are less numerous than usual at the moment it is because most of them are still wintering in the Caribbean. However, overshadowing the small fry (super yachts are roughly defined as starting at 25 meters in length) are a number of lavish vessels, including yachts belonging to the King of Bahrain, Walmart heiress Nancy Walton Laurie and to media mogul Barry Diller.

Among them are three ships belonging to some of the wealthiest men in Russia. They have a combined value of hundreds of millions of dollars. Their owners could be forgiven for feeling a little nervous as Western governments ponder who to target next in a threat of sanctions against Russia in retaliation for its invasion of Ukraine.

The three yachts are being refitted in the MB92 shipyard, which specializes in the maintenance of super yachts. The largest is the 139-metre Solaris, flying the Bermudian flag, which is owned by Roman Abramovich, the man who owns 29% of mining company Evraz, as well as Chelsea Football Club.

Next is the 74-meter Aurora, owned by Andrey Molchanov, who has a majority stake in LSR Group, Russia’s largest producer of building materials, and a current net worth of 1 billion euros, according to Forbes magazine.

Finally, there is the 70-meter Galactica Super Nova, owned by Vagit Alekperov, Chairman and CEO of Lukoil, in which he has a stake of around 20%. He also owns 36.8% of Spartak Moscow football club.

President Vladimir Putin shakes hands with Vagit Alekperov, the chairman of Lukoil, in Moscow. Photograph: Alexei Nikolsky/AP

Lukoil is seen as a potential target for European sanctions, given the energy giant’s importance to the Russian economy and the fact that it is already under US sanctions. It is a business of strategic importance for Russia, and Alekperov was among a gathering of business leaders summoned by Putin to a meeting at the Kremlin on Thursday.

Since 2017, Alekperov is also co-owner of Marina Port Vell, the marina of Barcelona. The old port, which dates back to Roman times, was refurbished for the 1992 Olympics and in 2010 it was handed over by the city’s conservative government to the London-based Salamanca group to be turned into a marina for super yachts.

In 2017, ownership passed to Qatari investment bank QInvest and a fund with several international investors, including Alekperov as a stakeholder, in a concession that expires in 2048. The port is investing 20 million euros ( £16 million) with the aim of becoming the largest super yacht marina in the Mediterranean.

Abramovich is one of 35 people who should face sanctions, according to a list compiled by Russian opposition leader Alexei Navalny’s organization.

The names of the 35, who range from businesspeople to media owners, government officials and politicians, were read out in parliament last week by Liberal Democrat foreign affairs spokeswoman Layla Moran. She said: “We have to start by considering the names of those identified by Alexei Navalny and his team as ‘key enablers’ over a year ago.”

Solaris, one of four yachts owned by Roman Abramovich.
Solaris, one of four yachts owned by Roman Abramovich. Photograph: Focke Strangmann/EPA

Abramovich holds both Israeli and Portuguese nationality and his lawyers insist that “he is not subject to sanctions, and this has been publicly confirmed by the prime minister.” They said neither he nor Evraz “fit the description of those likely to face sanctions, as set out by the Foreign Secretary.” Alekperov and Molchanov did not respond to requests for comment.

The three businessmen are not on any sanctions list. However, US President Joe Biden and Boris Johnson have threatened broader action against business owners in sectors such as energy, mining and construction, which puts individuals such as Alekperov in the spotlight. field of those who could be affected.

“The UK’s new designation criteria allow a wide range of companies to be designated as targets of financial sanctions,” says sanctions expert Stacy Keen of law firm Pinsent Masons. “With regard to strategically important Russian companies, the regulations specify that this applies to those operating in the chemical, construction, defence, electronics, energy, extractive industries, financial services, transport and information, communications and digital technologies.”

So if such sanctions were applied, what would it mean for the yachts of the oligarchs in Barcelona and elsewhere?

“The way sanctions work is that they don’t seize assets, but freeze them, and individuals cannot use them to generate funds,” Keen explains.

“If the EU were to make a designation equivalent to that made by the UK, no Spanish or European company would be allowed to provide services, fuel to the crew, for the use of the yacht. Indeed, the yacht could not operate.

How this plays out will depend on the alignment of sanctions between the main players – the US, UK and EU. All three promised coordinated action, and while there are some differences in the actions taken in recent days, there are areas of overlap.

However, this is unlikely to have a ripple effect in the booming super yacht market, where order books have been full for at least five years. According to MB92, 185 super yachts were built in 2021, compared to 148 in 2019. Covid has led to a boom in luxury ships, which provide an ideal form of social distancing for the 1%. A record number of ships were moored off the coasts of Italy and Greece in 2021.

Long waiting lists have also boosted the used super yacht market, with some vessels selling for more than their original cost.

Business grows and so do ships, as billionaires compete to outdo each other with their floating palaces. Solaris, which cost $600 million, was built last year and can would have accommodate 36 guests in its 18 luxurious cabins as well as 60 crew members. There is a gym, swimming pool, sauna, beauty salon and jacuzzi. It is said to have state-of-the-art security, including a radar-controlled missile detection system, bulletproof windows and armor protection. The yacht was spotted sailing up the Catalan coast on Wednesday, possibly during sea trials after her refit in Barcelona, ​​before returning to her moorings.

The super yacht Galactica Super Nova, owned by Vagit Alekperov.
The super yacht Galactica Super Nova, owned by Vagit Alekperov. Photography: Bloomberg/Getty Images

These yachts are not only extremely expensive to build, they cost a fortune to maintain and outfit. On average, owners have to spend 10% of the purchase price per year to keep one afloat, which means Solaris has running costs of around $60 million per year.

Solaris is just one of Abramovich’s four yachts. The 170-meter Eclipse, currently moored in the Caribbean, is the second largest in the world, after the 180-meter Azzam owned by Khalifa bin Zayed Al Nahyan, president of the United Arab Emirates. The Eclipse was at the Barcelona shipyard for a refit late last year.

Txema Rubio, commercial director of MB92, explains that the yard can work on up to 25 yachts at a time. Refitting costs on average around €900,000, although in some cases it can be as high as €20 million.

Despite their large size, some super yachts travel with a “ghost ship” that carries accessories – such as speedboats, jet skis, cars, helicopters and even submarines – that owners don’t want to clutter their showcase yacht. Renovations take a minimum of three months, sometimes much longer, during which the shipyard may have to accommodate hundreds of crew members.

Part of Barcelona’s popularity as a super yacht marina and shipyard is that the crew can spend months in one of the world’s most attractive cities while the ships are moored or in dry dock. If sanctions are imposed, the crews of the oligarchs could find themselves with a lot more free time.

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Luxury resort in Spain must be demolished, court says https://disturbmedia.com/luxury-resort-in-spain-must-be-demolished-court-says/ Mon, 14 Feb 2022 17:36:29 +0000 https://disturbmedia.com/luxury-resort-in-spain-must-be-demolished-court-says/ MADRID — After a 14-year legal battle, Spain’s Supreme Court has ordered the demolition of a luxury hotel and golf resort in Spain’s arid heartland over violations of environmental laws. The four-star resort, called Marina Isla de Valdecañas, was built on an island in a reservoir in the Extremadura region, about two hours’ drive from […]]]>

MADRID — After a 14-year legal battle, Spain’s Supreme Court has ordered the demolition of a luxury hotel and golf resort in Spain’s arid heartland over violations of environmental laws.

The four-star resort, called Marina Isla de Valdecañas, was built on an island in a reservoir in the Extremadura region, about two hours’ drive from Madrid, and has become a popular weekend getaway for men business and celebrities.

He was backed by regional politicians in Extremadura, who hoped the development would bring much-needed investment to the region. Long ranked as the poorest region in mainland Spain, Extremadura has struggled to develop its tourism industry, which has been a driver of growth in other parts of the country.

But environmental groups took legal action even before it was built to stop it, claiming the station had been built in a protected area, and won a crucial victory last week against the government and developer, José Maria Gea.

After the decision was published, the president of the regional government of Extremadura, Guillermo Fernández Vara, told a press conference that he would “try to save the Valdecañas project”.

In a statement, Ecologistas en Acción, one of the two environmental groups that led the legal battle against Valdecañas, said the ruling should also halt other, much larger tourism development. This project, also in Extremadura, called Elysium City, obtained preliminary approval from regional authorities this month.

“Unfortunately, the thinking in Spain is that everything that was built should then stay, everything that could have been wrong or illegal with the project,” said José María Trillo-Figueroa Calvo, a lawyer representing Ecologistas en Acción, in a telephone interview.

The history of the Valdecañas has been turbulent from the start. As soon as the project received the green light from regional authorities in 2007, environmentalists took legal action because the area was part of a network of protected areas called Natura 2000, a European Union designation intended to safeguard the endangered species, including migratory birds, and their habitats.

The golf course and hotel opened in 2010, but a year later environmentalists won their first legal battle, when a regional court ruled against the decision to approve building permits.

Yet, as with many disputed property projects in Spain, the dispute dragged on for another decade. Two years ago, a regional court estimated that removing all buildings in Valdecañas would cost 145 million euros, or about $165 million, including compensation for owners of resort homes.

The Supreme Court ruling last week said all of this should be destroyed and the golf course should be returned to its natural state.

The long-running legal battle over the resort town of Valdecañas is symbolic of Spain’s struggle to balance environmental concerns with a desire to attract tourists, to help regenerate rural towns and villages that have been hollowed out in recent decades as young people gravitated toward cities.

In the southern province of Almería, a 15-year legal battle is underway over whether to demolish a huge beachfront hotel that was built in a nature reserve. On the southeast coast of Spain, extensive tourist developments have also been cited as contributing to damage to the Mar Menor saltwater lagoon.

And it’s not just Spain that has found that using tourism construction as a magnet for investment can run into preservation issues.

In Cornwall, south-west England, the local council told a hotel last week it had six months to demolish seaside structures, including nine meeting rooms, which have been added to host a Group of 7 summit in June. In the enforcement notice issued on Thursday, the council also demanded that the Carbis Bay Hotel restore the land “to its original levels, slopes and conditions”.

The dispute in that case centered on whether the hotel had submitted a planning application only after construction had begun, with local residents expressing concern that the expansion was damaging the coastal landscape and wildlife. The hotel did not immediately respond to a request for comment.

Derek Thomas, MP for West Cornwall, said on Twitter“It’s good news, but it’s ridiculous that it has taken so long to enforce such an obvious breach of planning regulations.”

Spain’s decision can still be appealed to the Constitutional Court, and Fernández Vara said his administration is likely to do so, without specifying what new arguments might be presented.

He called it a “paradox” that the European Union wants to preserve rural villages and towns, while setting standards for environmental protection which he says limit economic development in sparsely populated areas.

“We face the enormous challenge of fighting depopulation in areas that are losing people due to the excessive protection they receive,” he said.

But Spanish environmentalists welcomed the Supreme Court’s decision. “We have fueled a culture of legal impunity, which is why so much construction has taken place in places of very special environmental value,” Trillo-Figueroa Calvo said.

Aina J. Khan contributed report.

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BBVA 4Q Profit Beat Forecasts on Higher Earnings – Update https://disturbmedia.com/bbva-4q-profit-beat-forecasts-on-higher-earnings-update/ Thu, 03 Feb 2022 08:15:00 +0000 https://disturbmedia.com/bbva-4q-profit-beat-forecasts-on-higher-earnings-update/ By Xavier Fontdegloria Banco Bilbao Vizcaya Argentaria SA’s profit in the fourth quarter rose more than expected, as revenues rose and provisions fell. The Spanish lender recorded a net profit of 1.34 billion euros ($1.51 billion), an increase of 1.6% compared to the 1.32 billion euros recorded in the same period a year earlier early. […]]]>

By Xavier Fontdegloria

Banco Bilbao Vizcaya Argentaria SA’s profit in the fourth quarter rose more than expected, as revenues rose and provisions fell.

The Spanish lender recorded a net profit of 1.34 billion euros ($1.51 billion), an increase of 1.6% compared to the 1.32 billion euros recorded in the same period a year earlier early. Analysts had expected BBVA to post a profit of 1.04 billion euros, according to a consensus forecast provided by the bank.

BBVA said net interest income – the difference between what lenders earn on loans and paying deposits, a key profit driver for retail banks – rose 14% year on year to 3 .98 billion euros in the fourth quarter, while income net of fees and commissions increased by 20% to 1.25 billion euros. Impairment of financial assets fell to 832 million euros over the period, against 901 million euros a year earlier.

The bank’s fully-loaded common equity Tier 1 ratio decreased to 12.75% in December from 14.48% in September due to the €3.5 billion share buyback program.

The lender said it will complete the second tranche of the buyback program, for a maximum of 2.0 billion euros, once the first tranche of 1.5 billion euros is completed. The buyout is expected to be fully executed by October 15.

BBVA declared an additional dividend of 23 European cents per share over its results for 2021. This would bring the total dividend for the year to 31 European cents per share, the highest in cash for a decade, it said. declared.

The Spanish bank said it expects double-digit core revenue growth in 2022, while anticipating a cost of risk – the ratio of provisions to expected loan losses – of around 1%. . The measure stood at 0.93% in December.

Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

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Spanish government to approve affordable housing plan for young people – EURACTIV.com https://disturbmedia.com/spanish-government-to-approve-affordable-housing-plan-for-young-people-euractiv-com/ Tue, 18 Jan 2022 05:59:39 +0000 https://disturbmedia.com/spanish-government-to-approve-affordable-housing-plan-for-young-people-euractiv-com/ The government will approve on Tuesday a royal decree which draws up a national plan for access to housing 2022-2025, endowed with 432 million euros, and a housing aid check for young people, endowed with a budget of 200 million euros, EURACTIV partner EFE reported. . The housing plan provides for a new aid package […]]]>

The government will approve on Tuesday a royal decree which draws up a national plan for access to housing 2022-2025, endowed with 432 million euros, and a housing aid check for young people, endowed with a budget of 200 million euros, EURACTIV partner EFE reported. .

The housing plan provides for a new aid package targeting the most vulnerable and financial incentives for developers of affordable rental housing for young people.

The “bono joven de alquiler” of €250 per month is aimed at people under 35 who receive a salary three times lower than the multiplier of the public income index (Iprem) of €24,318 – which serves as a reference for the the granting of economic aid, allowances or unemployment benefits.

To facilitate the implementation of the housing plan, the Spanish Ministry of Transport will sign collaboration agreements with the 17 regions and will make state funding conditional on the co-financing by them of the measures according to specific percentages.

Subsidizing up to 100% of the rent in the event of “extreme vulnerability” and for the most vulnerable groups, the new housing plan aligns with the previous one, initiated by the 2013-2016 State plan, and also puts the promotion of affordable housing rent prices at the center of the strategy.

Although the new plan maintains the cap on the maximum monthly rent at €600 (and up to €900), it increases subsidies from 40% to 50% of the rent for families earning three times less than Iprem, reported EFE.

It also provides aid for young people under 35 with incomes three, four or five times lower than Iprem to rent or buy housing in municipalities with fewer than 10,000 inhabitants, and specific measures to increase the stock public rental with housing provided by public entities, private companies and individuals.

It also establishes subsidies for owners who promote temporary housing, co-housing models, intergenerational housing and similar models. (Fernando Heller | EuroEFE.EURACTIV.es)

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Football: Samuel Eto’o owes nearly a million euros to the Spanish tax authorities https://disturbmedia.com/football-samuel-etoo-owes-nearly-a-million-euros-to-the-spanish-tax-authorities/ Tue, 28 Dec 2021 04:09:07 +0000 https://disturbmedia.com/football-samuel-etoo-owes-nearly-a-million-euros-to-the-spanish-tax-authorities/ Home »Sport» Football: Samuel Eto’o owes nearly a million euros to the Spanish tax authorities December 28, 2021 Another line on the Samuel Eto’o charts. But a line whose former star of African football, elected president of the Cameroonian federation on December 11, would have gone well … The former FC Barcelona striker (2004-2009) is […]]]>



Home »Sport» Football: Samuel Eto’o owes nearly a million euros to the Spanish tax authorities December 28, 2021

Another line on the Samuel Eto’o charts. But a line whose former star of African football, elected president of the Cameroonian federation on December 11, would have gone well … The former FC Barcelona striker (2004-2009) is indeed on a list of “debtors of public finances”. according to a report released on Monday. The former Madrid or Mallorcan (who also has Spanish nationality) owes nearly a million euros to the Iberian Public Treasury. Precisely 981,598.19 euros …

In November 2016, the Spanish prosecution requested Cameroonian sentences representing a total of ten years in prison and a fine of 18 million euros, accusing the player of not having paid 3.9 million euros taken from his rights to image during his time at FC Barcelona.

Contacted by AFP, the tax authorities were not authorized to give more information, in particular on the origin of the debt, and could not say if Samuel Eto’o appeared for the first time on this list, whose criteria have just changed.

Far from Neymar …

Entitled “list of debtors”, the document brings together thousands of individuals and companies with a “debt greater than 600,000 euros” with the Spanish tax authorities, a threshold revised downwards compared to the old limit of one million. . . The list therefore has more names, with a total of more than 7,200 in 2021 against around 3,400 in 2020. Twitter is also on the list of major debtors with a slate of 800,795.01 euros. The tax administration did not provide further details.

In September 2020, Neymar, the Brazilian star of PSG, had become the worst “bad payer” of the Spanish tax authorities with a debt in the amount of 34,624,268.60 euros. The Public Treasury had not, there either, not specified what this debt corresponded to and if it was linked to his transfer in 2013 to Barça.




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The end of the Spanish eruption brings “emotional relief”, the reconstruction https://disturbmedia.com/the-end-of-the-spanish-eruption-brings-emotional-relief-the-reconstruction/ Sun, 26 Dec 2021 02:18:17 +0000 https://disturbmedia.com/the-end-of-the-spanish-eruption-brings-emotional-relief-the-reconstruction/ FILE – A house is covered in ash from a volcano that continues to erupt in La Palma, Canary Islands, Spain on October 30, 2021. Authorities on a Spanish island report a volcanic eruption that caused considerable damage but no casualties have officially ended, after ten days of no significant emissions of sulfur dioxide, lava […]]]>


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FILE – A house is covered in ash from a volcano that continues to erupt in La Palma, Canary Islands, Spain on October 30, 2021. Authorities on a Spanish island report a volcanic eruption that caused considerable damage but no casualties have officially ended, after ten days of no significant emissions of sulfur dioxide, lava flows or seismic activity. But the emergency in La Palma, the most northwestern of the Canary Islands in the Atlantic Ocean, is not yet over, said the director of the archipelago’s volcanic emergency committee, or Pevolca, Julio Pérez. . (AP Photo / Emilio Morenatti, File)

PA

Authorities in one of Spain’s Canary Islands said a volcanic eruption that started in September officially ended on Saturday after 10 days of no lava flow, seismic activity or significant emissions of dioxide sulfur.

But the emergency in La Palma, the most northwestern island of the archipelago in the Atlantic Ocean, is not over due to the extensive damage from the eruption, the committee director said. volcanic emergency in the Canaries by announcing the eagerly awaited stage.

“It’s not joy or satisfaction – how do we define how we feel? It is an emotional relief. And I hope, “said Julio Pérez, director of Pevolca.” Because now we can apply ourselves and completely focus on the work of reconstruction. “

The flaming molten rock sinking towards the sea destroyed around 3,000 buildings, buried banana plantations and vineyards, ruined irrigation systems and cut roads. But no injuries or deaths were directly linked to the rash.

Pérez, who is also the region’s Minister of Public Administration, Justice and Security, said the archipelago’s government assessed the loss of buildings and infrastructure at over 900 million euros. ($ 1 billion).

Volcanologists said they had to certify that three key variables – gas, lava and tremors – had calmed down in Cumbre Vieja ridge for 10 days in order to declare the volcano’s apparent depletion. Since the eruption began on September 19, previous periods of reduced activity have been followed by reignitions.

On the eve of December 14, the volcano fell silent after burning for 85 days and 8 hours, making it the longest eruption on record in La Palma.

Spanish Prime Minister Pedro Sánchez called the end of the eruption “the best Christmas present”.

“We will continue to work together, all institutions, to revive the wonderful island of La Palma and repair the damage,” he tweeted.

Agriculture and tourism are the main industries in the Canary Islands, a popular destination for many European vacationers due to their mild climate.

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Follow AP’s stories about volcanic eruptions at https://apnews.com/hub/volcanic-eruptions.


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Spanish stocks – Factors to watch for December 13 https://disturbmedia.com/spanish-stocks-factors-to-watch-for-december-13/ Mon, 13 Dec 2021 07:37:00 +0000 https://disturbmedia.com/spanish-stocks-factors-to-watch-for-december-13/ December 13 (Reuters) – The following Spanish stocks could be affected by newspaper articles and other factors on Monday. Reuters has not verified the newspaper articles and cannot guarantee their accuracy: CAIX BANK (CABK.MC) Spain’s Economy Minister Nadia Calvino has said the Spanish government has no plans to sell its stake in Caixabank (CABK.MC), the […]]]>


December 13 (Reuters) – The following Spanish stocks could be affected by newspaper articles and other factors on Monday. Reuters has not verified the newspaper articles and cannot guarantee their accuracy:

CAIX BANK (CABK.MC)

Spain’s Economy Minister Nadia Calvino has said the Spanish government has no plans to sell its stake in Caixabank (CABK.MC), the Expansion newspaper reported on Monday. “We have no plan or intention to give up the state‘s stake on the horizon,” she said in an interview with the Spanish newspaper published on Monday.

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DURO FELGUERA (MDF.MC)

The company expects sales to reach around 750 million euros ($ 903.20 million) by 2027, Duro Felguera said in a statement on Sunday, adding that the full disbursement of the temporary public financial support had allowed the group to rebalance its assets and finances.

NEINOR HOMES (HOME.MC)

Spain’s Neinor Homes launched a buyback program of up to 5 million euros on Friday, which will last until March 31, 2022.

ABENGOA (ABG.MC)

EU antitrust regulators fined Spain’s Abengoa € 20million on Friday for rigging benchmarks for ethanol as part of cracking down on the practices while investigations into two other companies are continuing. Read more

EDREAM (EDRE.MC)

Deutsche Bank raises the rating of eDreams to “buy” instead of “keep” and raised its target price to 10 euros against 6 euros.

ACERINOX (ACX.MC)

JPMorgan raised the price target of Acerinox to 20 euros against 18.25 euros.

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The excuse of job creation in military investments https://disturbmedia.com/the-excuse-of-job-creation-in-military-investments/ https://disturbmedia.com/the-excuse-of-job-creation-in-military-investments/#respond Sat, 06 Nov 2021 20:35:40 +0000 https://disturbmedia.com/the-excuse-of-job-creation-in-military-investments/ During the presentation of the General State Budget, the Minister of Defense at the time insisted on the fact that the expenditure of several million dollars devoted to the purchase of armaments generated jobs. But, as the authors point out, a comparison of the jobs created in the army and in other fields makes it […]]]>


During the presentation of the General State Budget, the Minister of Defense at the time insisted on the fact that the expenditure of several million dollars devoted to the purchase of armaments generated jobs. But, as the authors point out, a comparison of the jobs created in the army and in other fields makes it possible to question the dominant discourse.

Military investments are generally justified by the jobs they create. The last example is the army logistics base. Several municipalities clashed to host the installation and, in the end, the Ministry of Defense decided to install it in Cordoba, as it was the option that offered the most advantages. The choice of this city as the base site had the support of all political, economic and academic sectors of the city. Even the political left joined the municipal initiative with little debate. The initiative has not been questioned, at least not publicly.

The base is part of the plan for the concentration of the central logistic organs of the army, which aims to concentrate the twelve current logistic centers of the army into three. It is estimated that the future base in Cordoba will require an investment of 350 million euros. Cordoba City Council approved an allocation of 28 million euros (with the corresponding modification of the municipal budget). The Andalusian regional government has pledged to contribute 100 million euros to the project. All this with the aim, they say, of “creating jobs”.

It is very significant that, in the Moncloa press release announcing the construction of the base, a very visible box underlines that the base “will contribute to the creation of more than 1,600 jobs”.

During the presentation of the General State Budget, the Minister of Defense at the time, whether from the PP or the PSOE, insisted on the fact that the expenditure of several million dollars devoted to the purchase of armaments generate employment. Job creation also serves to justify arms exports, even the most controversial. The military industry, and those who promote it, insist that their activity generates jobs. All this, surely, to thwart, silence or attenuate the majority rejection of the manufacture of weapons among the civilian population. Unfortunately, as a rule, they are successful.

Any industrial investment generates employment. But in many cases, this is not enough to justify certain activities, such as those with undesirable impacts on people or the environment. Fortunately, on some occasions, projects have been stopped for precisely these reasons thanks to denunciation and pressure from organized civil society.

A given investment in the health sector generates 2.8 times more jobs (almost three times more!) Than the same amount invested in the military sector.

Every economic actor, including the army, should be accountable to society for their activities. And while it is true that military investments generate jobs, the adverse effects on people and the environment must be included in their assessment. We cannot forget the direct effects of the use of weapons (people killed, injured, disabled, with physical and psychological consequences, etc., as well as serious damage to the environment). In addition, however, the promotion of the military industry increases the militarization of society, so that the resolution of armed and violent conflicts is encouraged instead of mediation and peaceful resolution of conflicts. And how does the military industry assess these perverse effects – should it only take into account the jobs created? But even the vaunted job creation of the military industry is questionable; let’s look at it.

In a study by Heidi Garrett-Peltier, published by the Watson Institute at Brown University, employment multipliers are calculated for a million dollar investment in different sectors, including the military sector. The results are convincing.

According to the study, for every million dollars of investment in the military sector, 5.8 jobs would be generated in the military industry and 1.1 other indirect jobs, most of which would be jobs associated with the supply chain. . That is to say a total of 6.9 jobs per million of investment.

On the other hand, if the same investment were made in the renewable energy sector, a total of 8.4 jobs would be created in the case of wind energy and 9.5 in the case of solar energy. Modernization to improve energy efficiency would create 10.6 jobs for every million dollars of investment.

Investments in infrastructure (construction of streets, roads, bridges, schools, public buildings, etc.) would create 9.8 jobs per million dollars.

Job creation in the education and health sectors is even higher. Thus, for each million dollars of investment, 14.3 jobs would be generated if the investment was oriented towards health and 19.2 if the investment was made in primary and secondary education.

In other words, according to the study, a given investment in the health sector generates 2.8 times more jobs (almost three times more!) Than the same amount invested in the military sector.

Thus, according to this report, if the objective of an investment is job creation, investments in the military sector are the worst option. It is surprising that this fact is not taken into account in the discussion of military investments.

In Spain, the arms industry plays an important role. In recent decades, Spain has been one of the world’s largest arms exporters. According to Sipri data, Spain was the seventh largest arms exporter during the period 2016-2020. But its export activity in other sectors is not so relevant; according to World Bank data, Spain is the 16th largest exporter in the world.

Why does the Spanish state play such an important role in arms exports when it lags behind in all exports? The answer lies in the well-known support given to arms exports by the various governments, be they the PP or the PSOE. This support even included the direct intervention of the Royal House. The arms industry is therefore a state affair. Certainly, being among the main arms exporters has geostrategic value for Spain and gives it international prestige among its allies. So it’s not just about job creation.

Remember that some of these exports, such as those to Saudi Arabia, are particularly controversial and have been denounced by several organizations, who believe that they should be considered illegal under Spanish and European laws on arms exports. And we cannot forget the corruption linked to the arms trade; One example is the case of the company Defex (51% state-controlled through SEPI) selling weapons to Saudi Arabia.

Public investments should be aimed at the public good and improving people’s lives and preserving (and repairing) the environment. Investing in sectors such as education, health, renewable energy and infrastructure would meet the needs and demands of the population and generate many more jobs than the same investment in the military industry. In addition, military investments entail an opportunity cost, that is, they reduce the benefits that would be obtained if the investment were directed to other sectors that would create more jobs.

Plus, do we really need that many weapons? The recent pandemic has highlighted the weakness of the health, care and education sectors in Spain. Would it not be more advantageous for the population to invest in these sectors rather than in the military sector? Given the current situation, plunged into a social and environmental crisis, would it not be more appropriate to invest in the rehabilitation of housing, the installation of renewable energies, the hiring of more teachers and staff? health ? In this way, in addition to generating more jobs, it would improve the quality of people’s lives.


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