Lord Sugar in £10m ‘mis-selling’ complaint against Lloyds

The multi-millionaire founder of Amstrad has complained to Lloyds Banking Group over its sale of a hedging product on a loan taken out against part of his property empire.

Lloyds has received a letter of complaint from Lord Sugar, who, according to one source, is seeking the return of about £10m in break fees paid to Lloyds to cancel the interest rate hedging contract.

Lord Sugar is understood to be considering legal action should his complaint be unsuccessful. The derivative is understood to have been for £97m and was taken out to protect against a rise in interest rates on a Lloyds loan.

A spokesman for Lord Sugar declined to comment. Lloyds also declined to comment.

More….

Friday Prayers for Egypt: Foreign Complications

Originally posted on A Sense of Belonging:

Flag Cross Quran 

God,

Egypt’s problems are so big, other nations are getting involved. May their help be helpful.

Early indications, however, are mostly complicating. A number of foreign envoys met with government and Islamist leaders, supposedly to work out a compromise solution to the political crisis. None was reached and the sit-ins in support of Morsi continue, but each had differing perceptions of blame. The US, in particular, had mixed messages. The administration accepted Morsi’s removal as a protection of democracy and prevention of civil war, while a prominent senator visited and labeled it an out-and-out coup.

Good arguments can support either conclusion, but who makes the call? Encouraged by foreign intervention, the Brotherhood hardens its positions and continues the impasse. Understandably distrustful of government assurances of a safe exit if they disband and go home, local media and security sources reinforce the message of a zero sum game. Did foreign…

View original 324 more words

Sounds Israeli: The music of ‘Strong Black Coffee’

Originally posted on CiF Watch:

The Israeli band ‘Cafe Shachor Chazak’ (Strong Black Coffee) is composed of five performers who write, sing and play music which has been characterized as a fusion of hip-hop and reggae with Ethiopian flavors.  Four of the band members are Ethiopian Israelis and all are Israeli immigrants absorbed in Netanya.

Here’s the video for their song, “Only Up.”

View original

A modern dilemma.

Originally posted on theneedleblog:

“Our neighbour was convicted of sex crimes against children… so how do we tell puzzled youngsters they are no longer free to roam?”

Meg Henderson found out that a neighbour was a paedophile

Children

… a very near neighbour had appeared in court, where he admitted making and distributing indecent images and videos of children.
He had also engaged in sexual activity with underage girls and sent indecent communications to other children over the internet.
At the age of 26, this man that we waved to and greeted cheerily as we passed, has been placed on the Sex Offender’s Register and awaits sentencing after the usual reports…

Everyone knows paedophiles exist across society but for some reason you don’t expect to meet one on your own doorstep…

But when I look out of my window I can see directly into this man’s home. He is that close, and with a sickening…

View original 136 more words