Sunday, October 19, 2008

The consequences of the global events of the last few weeks are on the front of the Sundays.

The Sunday Times reports that Negative equity is to reach 2 million

Collapsing house prices are plunging 60,000 homeowners a month into negative equity, which means the country is on course for a worse crisis than the 1990s crash.
At current trends, 2m households will enter negative equity by 2010, outstripping the 1.8m affected at the bottom of the last housing slump.
New research from Standard & Poor’s, the ratings agency, coincides with evidence that banks are aggressively seizing homes whose owners have slipped just a few hundred pounds behind on their mortgage payments.


The Telegraph leads with Darling will spend his way out of recession

Mr Darling used an interview with The Sunday Telegraph to announce that he would increase borrowing to spend billions of pounds to help struggling home owners and to protect jobs.
"This a time when you have to support the economy," he said. "You will see us switching our spending priorities to areas which make a difference."


The Observer reports that Bank chiefs are forced to cut evictions,the paper reporting that

The pledge was made by Yvette Cooper in an interview with The Observer as the government braces itself this week for official confirmation that Britain is entering recession for the first time since the early Nineties.
and adds

Rising unemployment is expected to trigger a wave of mortgage defaults as people who lose their jobs find themselves unable to keep up payments on their homes. Repossessions have already increased to 19,000 in the first half of this year - a 40 per cent increase on the previous six months. Experts believe the figure will climb to 26,000 in the second half of 2008. The total number of people suffering negative equity is expected to rise to around two million as house prices plunge


The Express meanwhile reports that

IMMIGRANTS are squeezing hundreds of thousands of British workers out of jobs, official figures show.
The explosive revelations, slipped out by the Government last week, forced an astonishing Labour U-turn last night with new Immigration Minister Phil Woolas admitting that it was too easy for migrants to come to Britain


The Observer says that

Labour MPs and unions accused Phil Woolas of starting an 'auction of anti-foreigner rhetoric' with the Tories and far right. Woolas said in a newspaper interview that it had been 'too easy to get into this country in the past and it's going to get harder'. Signalling a new approach more in line with that of the Tories, he said ministers would not allow the population to rise above 70 million.


The Independent looks at the political consequences,its latest opinion poll showing that

Gordon Brown has made significant inroads into the Conservatives' lead on the back of his handling of the economic crisis, a new poll for The Independent on Sunday reveals today.
The Prime Minister has cut David Cameron's advantage to nine percentage points, reducing it to single digits for the first time since March and signalling that the "Brown bounce" could become sustained as the recession deepens


Staying with politics and the Times reveals that

Lord Mandelson has accepted hospitality from a second businessman who has benefited from key European Union decisions during his term as trade commissioner.
Mandelson, the new business secretary, has been a guest of Nat Rothschild, a hedge fund manager from the famous banking dynasty, on the Caribbean island of St Barts. He has also accepted flights from the Rothschild family, said to include trips to Moscow on a private jet.


More scandal in the Telegraph,it reports that

An investigation by The Sunday Telegraph has found apparent discrepancies between evidence given by Miss Jowell to an all-party Commons committee in November 1997 and official documents from the period, which have just been released under the Freedom of Information Act


The front page of the Mail reveals that

GPs are to be paid cash bonuses in return for not sending patients to hospital, raising concerns that financial gain will be put before patients’ needs.
Doctors’ practices stand to earn thousands of pounds extra under the initiative, already said to have been adopted by health authorities across the country.
In a variety of schemes, which differ from region to region, GPs are said to have been offered unprecedented cash incentives for deciding not to refer a patient for specialist treatment. Surgeries are given a target of how many patients they should refer to hospital each year and will receive a windfall payment if they meet the quota.


Away from politics and the Independent reports that

Amanda Knox, an American exchange student, stabbed her British fellow student and flatmate Meredith Kercher in the neck at the culmination of a satanic rite, a prosecutor told a Perugia court yesterday.
Winding up his case against Rudy Guede, another suspect in the killing of 21-year-old Kercher last November, the prosecutor, Giuliano Mignini, added that Mr Guede then strangled her while the third accused, Ms Knox's boyfriend Raffaele Sollecito, held her down


The news of the World has a Madonna exclusive,No sex for 18 months

As their relationship went into meltdown the musclebound singer insisted on sticking to her strict FOUR-HOUR daily exercise regime DESPITE Guy’s pleas they should spend more time together.
It meant the film director went 18 MONTHS without having sex with his wife.
And on the rare occasions when they did make love, he has told pals it was like “cuddling up to a piece of gristle”.


The Mirror claims that

Madonna is planning to go public on her relationship with her “soulmate” – baseball star Alex Rodriguez.
Well-placed sources say the Queen of Pop intends to let the world know she and multi-millionaire Rodriguez – known as A-Rod to American baseball fans – are an item when her world tour ends in December.


According to the Times

Everyone who buys a mobile telephone will be forced to register their identity on a national database under government plans to extend massively the powers of state surveillance.
Phone buyers would have to present a passport or other official form of identification at the point of purchase. Privacy campaigners fear it marks the latest government move to create a surveillance society.


The Mail reports on a New law to allow police to collect DNA in secret from teacups

MI5 and the police may be allowed to secretly collect genetic samples from items such as cigarette butts and teacups under new laws that could massively expand the national DNA database.
The powers would allow investigators to break in to suspects’ homes to collect DNA which could then be shared with foreign governments to check for links to crime and terrorism.
The new law, being discussed by Parliament, would mean the ‘stolen’ samples – thousands of which have already been taken by the security services – would be admissible in court and at a stroke hugely expand the Government’s controversial DNA database.


To the American elections and the Observer reports that

Some are beginning to talk of it as the second American revolution. States that have been the spiritual home of the modern Republican party are now within reach of the Democrats. It is a result of shifts in the region's economy and population - and of the huge sums the Obama campaign has poured in as McCain falters


McCain fights for his life in Florida reports the Telegraph

the Republican is being forced to devote valuable time, resources and manpower to try to claw back Barack Obama's lead in a state that had seemed safely in his grasp before the financial meltdown of the last month.
The Sunshine State, which controversially gave Mr Bush the White House in 2000, is the largest such trophy now in play and a McCain loss here would almost certainly signal a Democratic presidency


The Independent reports from Zimbabwe saying that

Aid experts are warning that millions of Zimbabwe's people face starvation as the country's political leaders remain deadlocked over a power-sharing deal and the economy heads for total collapse.
While officials of the Southern African Development Community prepare for a meeting tomorrow in Swaziland, where they will try to persuade President Robert Mugabe and opposition leaders to resume negotiations, the United Nations World Food Programme has warned that the number of Zimbabweans needing food aid is expected to double by early next year, to just over five million. The UN has appealed for an extra $140m (£81m) to deal with the crisis.


Meanwhile staying in Southern Africa the Times reports that

The former defence minister who is set to smash the mould of South African politics by breaking away from the African National Congress (ANC) and founding a new party will welcome whites, Indians and other minorities into its leadership.
In an interview with The Sunday Times, Mosiuoa “Terror” Lekota, 60, vowed to make a clean break with the past through a party that will be pro-business, free from the rhetoric of Marxism and determined to end the “white flight” that drains talent from South Africa.


Accoding to the News of the World

PREGNANT schoolgirls as young as 12 could be sent home with drugs to induce DIY abortions.
They would be able to take pills without their parents’ knowledge for unsupervised terminations as late as 19 weeks.


Back to politics and the Times reports that

Lord Ashcroft, the billionaire who has helped to bankroll the Tory party and is now its deputy chairman, is to leave most of his money – about £900m – to charity.
It could be the biggest charitable bequest made in Britain and will be shared between causes ranging from arresting criminals to assisting wounded servicemen and saving whales


Scandal in the world of finance as the Observer reports that

Dominique Strauss-Kahn, the French economist who heads the International Monetary Fund, is under investigation for allegedly abusing his position by engaging in a sexual relationship with a senior official.
The inquiry, confirmed by an IMF spokesman, threatens to distract the organisation at a time when it is trying to focus its efforts on helping countries to withstand the global financial crisis.


The Telegraph claims that

The true level of gun crime is far higher than the Government admits in official statistics, it can be revealed.Figures to be published by the Home Office this week will massively understate the scale of the problem.
Data provided to The Sunday Telegraph by nearly every police force in England and Wales, under freedom of information laws, show that the number of firearms incidents dealt with by officers annually is 60 per cent higher than figures stated by the Home Office.


The Observer reports that

This week Gordon Brown will claim the UK is now a world leader in wind power. An Observer investigation reveals his hopes could be blown wildly off course. No country has tried to switch so fast to renewable energy - but rising costs and technical problems mean that, without urgent action and cash, the targets cannot be met.


Finally

The Sun's protective bubble has burst reports the Telegraph

New data has revealed that the heliosphere, the protective shield of energy that surrounds our solar system, has weakened by 25 per cent over the past decade and is now at it lowest level since the space race began 50 years ago.
Scientists are baffled at what could be causing the barrier to shrink in this way and are to launch mission to study the heliosphere.

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