Mallorca Advertiser

VOLUME 1• ISSUE 7

27 MAY 2012

mallorcaadvertiser Your Favourite Weekly E-magazine FEATURES: • Bankia Turns to “Junk” • From the Dugout with Andy Dixon • Bikinis - Life’s a Beach • Films at Porto Pi

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CONTENT 2

Cover Picture

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What’s New: Green Power

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From the Dugout with Andy Dixon

COVER PALMA MARINA

6 Lifestyle: 7

This weeks English Language Films at PortoPi and Ocimax

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Going out:

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News & Lifestyle Magazine

Welcome to the new-look Mallorca Advertiser… We’ve got more great features and starting this week we’ve got “From the Dugout” by Andy Dixon. Watch out for his alternative take on sports and leisure.

Enjoy this week’s issue and don’t forget all classified ads, up to 25 words are free. No catch!

SPECIAL ANNOUNCEMENT On the cover: “Palma Marina”, courtesy of Emily Saunders Production Coordinator: Marie Figueredo Information is correct at publication time. www.MallorcaAdvertiser.com ©Mallorca Advertiser e-mail: info@mallorcaadvetiser.com

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We’ve re-designed our weekly magazine!

We hope you like it and that it’s easier to read and navigate. It also allows you to read it on most machines, including tablets and smart phones.

WHAT’S NEW: BANKIA ASKS FOR 19 BILLION Bankia Given “Junk Status”

Bankia and its parent Banco Financiero y de Ahorros (BFA), which were nationalized earlier this month, will ask the state for a further 19 billion euros to clean up their balance sheet, sources close to the bank said on Friday.

BFA-Bankia needs to make provisions for loans to real estate developers of 7.1 billion euros and needs a further capital cushion of 1.9 billion. BFA is also expected to have to write down the book value of its 45-percent stake in Bankia, which currently stands at 12 billion euros against a market value of under 1.5 billion, which is expected to see it restate its 2011 results to show a loss.

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If we go for the public bank option, we must have maximum transparency and parliamentary control” The government is considering folding all of the lenders that have been taken over by the Bank of Spain to form a large public bank. The government has also taken over the reins at Caixa Catalunya, Novagalicia and Banco de Valencia.

The Bank of Spain’s Orderly Bank Restructuring Fund (FROB) is already converting 4.465 billion euros in preferential shares given to BFA into common stock, which will give the government control of both BFA and Bankia. The total rescue package of 23.5 billion euros will be by far the biggest bailout in Spain. The government had earlier calculated that a clean-up of the banking system as a whole would not amount to more than 15 billion euros, half of which was earmarked for Bankia.

The figures have yet to be confirmed officially by Bankia whose board of directors started a meeting to discuss the state of the bank’s finances at 4.30pmFriday 25th May 2012. The National Securities Commission (CNMV) on Friday suspended trading in Bankia’s shares on the request of the bank ahead of the announcement on the capital requirements of Spain’s fourth-largest lender.

Bankia’s shares closed Thursday down 7.43 percent at 1.57 euros, a 58-percent discount to the bank’s listing price last year of 3.75 euros.

The banks have been ordered to increase their provisions by up to 84 billion euros for potential losses against real estate assets.

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Ahead of a meeting with Prime Minister Mariano Rajoy, the leader of the main opposition Socialist Party, Alfredo Rubalcaba, said this was an option worth considering.

“We should study this. If we go for this option, a public bank, it should have the status of a public bank: maximum transparency and parliamentary control,” Rubalcaba said.

There was further bad news for Spain’s banks on Friday when Standard & Poor’s cut the credit ratings of Bankia, Banco Popular Español and Bankinter to junk status and also took ratings action on other Spanish lenders.

FROM THE DUGOUT WITH ANDY DIXON

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Olympic Dreams Torched?

This weeks “From The Dugout” goes off track somewhat. I usually waffle on about football but this week I am going to write about the 2012 Olympics, Well to be honest the Olympic torch, as youngsters we used to watch the build up to the Olympics and the guy carrying the torch and wonder how he managed. Well things are different now: the torch is in the UK actually there are over 8,000 of them in the UK and over 8,000 torch bearers are going to carry one, which means that each person gets to carry their torch for only about 300 hundred yards; very strange. It’s not all been plain sailing up to now! After only 3 days into it journey the torch went out in Great Torrington, Devon and the backup team forgot the Swan Vesta’s.

Last Thursday a major newspaper in the UK reported that the torch got lost in Bristol after coming off the Clifton suspension bridge which indicates to me that they think the torch has a mind of its own; surely the person carrying the torch is the one that got lost.

charity but if you read their listings fully most are only giving 20% to charity is this wrong or is it right?

Well I have dug a little deeper into this and have found that the original cost to the taxpayer was £495 per torch; but for the bearer to keep the torch they have to pay £215 for it. So in my eyes this means that regardless of whether or not they get lost in Bristol, or they only carry it 300 yards or even if it goes out on them if they have paid for it then its theirs to do with as they please, it’s a sad fact of life that in today’s poor economic climate people are cashing in on things that maybe in different times would be kept to pass on to loved ones or even given to museums, but hey life is life and I for one say good luck to them.

Till next week folks be nice to each other, Andy Dixon

I am also hearing in the news that the torch bearers are now selling their torches and uniforms on eBay. One had offers of over £150,000 but the bidder turned out to be a hoaxer but they are selling for around the £60,000 mark, this is causing some concern and some people are saying that it should not be allowed and that the proceeds should go back into the Olympic fund. Some sellers are getting around this by saying they are giving the money to 4

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PEOPLE YOU MAY NEED:

AQUA GOLF Planning a Pool Party?Play closest to the pin with family and friends.

Chip colourful wiffle balls from the chipping mat to the floating green.

For details e-mail: 5

newideas.es@gmail.com

LIFESTYLE

ANNA DELLO RUSSO AT H&M

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find. As a stylist I know accessorisation is essential: it is the personal touch to any outfit. With these pieces everybody can have fun, turning an ordinary day into a fantastic fashion day”, says Anna Dello Russo.

“It’s been extremely exciting to involve Anna Dello Russo in this project, something completely different from what we have done before. Anna has a fantastic eye and a strong taste, apart from being a veritable fashion icon. She produced an extravagant range of accessories that will get H&M customers and everyone in love with fashion excited. The collection is a celebration of excess, fantasy and decoration” says Margareta van den Bosch, Creative Advisor at H&M.

Swedish company H&M has announced a special collaboration with fashion icon and legendary Fashion Director Anna Dello Russo. An idol of the blogosphere whose flamboyant outfits are endlessly documented by style photographers and broadcasted globally through the web, Anna Dello Russo proved her unique sense of style creating a special collection of accessories for H&M. Unabashedly glamorous, precious and playful, the range is an expression of Dello Russo’s taste for ornamentation. Available from October 2012, at the peak of the global fashion week’s tour, in around 140 stores worldwide and online. The collection will feature jewelry, sunglasses, shoes, bags and a trolley allowing H&M customer’s uniqueness at an affordable price.

Famously described by photographer Helmut Newton as a “fashion maniac”, Anna Dello Russo is one of contemporary fashion’s driving forces. An unparalleled eye, she has shaped the way we see fashion today through her ground breaking work at Vogue Italia, where she served as a Fashion Editor for over twelve years working with photographers such as Helmut Newton, Michel Comte, Walter Chin, and later as the Editor in Chief of L’Uomo Vogue.

Currently holding the role of Fashion Director at Large and creative consultant at Vogue Japan, Dello “I am excited by this collaboration: this is the first Russo is a darling of the fashion bloggers, whom time H&M have involved a Fashion Director in a she likes to please with extravagant get-ups, and special project. This is the sign of an important countless changes of outfits, during the world’s evolution in fashion, and I am both thrilled and fashion weeks. humbled to be the one chosen to lead it. I wanted to create precious accessories that are impossible to 6

wHAT’S ON Films In English This Week Ocimax, Palma Porto Pi Terraza

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Salmon Fishing in the Yemen

Running time: 107 mins.

Dir: Lasse Hallström With: Amr Waked, Emily Blunt and Catherine Steadman Showings: Friday: 20:20 and 22:30 Saturday: 20:20 and 22:30 Sunday: 20:20 and 22:30 Monday: 20:20 and 22:30 Tuesday: 20:20 and 22:30 Wednesday: 20:20 and 22:30 Thursday: 20:20 and 22:30

Men in Black III

Dir: Barry Sonnenfeld With: Will Smith, Tommy Lee Jones and Josh Brolin Showings: Friday: 12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35** Saturday: 12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35** Sunday: 12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35** Monday: 12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35** Tuesday: 12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35** Wednesday:12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35** Thursday: 12:10*, 16:10, 18:15, 20:20,

22:30 and 00:35**

*Saturdays and Sundays **Fridays, Saturdays and eve of holidays 7

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GOING OUT:

The Portals Nautical Weekend got off to a great start on Saturday with a mouthwatering selection of classic cars on display on the quay in front of Diablitos’ with live music around the port provided

by Wonderbrass.

At every stand you will find friendly faces and professionals eager to talk about their special subject.

The organisers planned it with a ‘something for everyone’ approach and sure enough you will find The three day event continues until 20:00 on Monday a variety of interesting items to admire - from free 28th May which gives you enough time to sample the floating keyrings to multi million dollar super yachts. impressive array of toys for waterborne play.

Personally. I have my eye on a modest 11 metere Sunday night saw a floodlit demonstration of some boat on offer for a mere €114,950 of the more impressive looking toys, ending with a procession of superyachts accompanied to music, It was great to see another live event in Puerto Portals. It drew a lot of interest and added colour lights and commentary. and energy to the marina.

This is the first such nautical event in Mallorca, the first that is open to everyone and welcomes the If you have to miss it, you can watch highlights on non-nautical public and watersports aficionados NTVE at www.ntve.tv alike, without charging an entry fee.

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SNIPPETS Flyboard from mcqueen

eventS NEXT LACE Lunch – Tue 29th May at Harrys Portals Nous @ 13.00 – 15.30

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We are getting in the mood for summer with a relaxed networking lunch at Harrys, the great new venue in Portals Nous.

30€ (Members) 37.50€ (Nonmembers) Includes welcome glass of cava, glass of wine with lunch, water & coffee Menu Greek Salad. ***

One of the more spectacular exibits this weekend was the “Flyboard” available from McQueen lixury toys Ibiza.

Cajun Spiced Chicken Brochette with Tzatziki.

The Flyboard is a jet powered board which connects to any jet-ski giving the user water propulsion allowing flights of upto seven meters high.

Blackened Salmon with Dill Potatoes / Green Salad.

Now anyone can move underwater like a dolphin and soar through the air like James Bond!

Cocktail of Fruit with Vanilla Ice.

Flyboard kits are exclusively available from McQueen at: www.mcqueenibiza.com. Contact them on 971 314 981 or mail them at mallorca@mcqueenibiza. com

IMPORTANT: Please advise your choice of main course or any dietary requirements when booking (vegetarian alternative also available).

or

*** Coffee and Chocs.

There are a limited number of member hotspots available (announcement – max 5 mins) – please request when booking Promotional Table – everyone is welcome to bring business cards/leaflets New ladies are very welcome so please pass these details on to your friends and colleagues, but spaces are limited so it is advisable to book as soon as possible.

BOOKING ESSENTIAL – Please email Denise at info@lacenetwork.com We hope you can join us!

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CLASSIFIEDS

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Brass in Pocket We pay cash for all your unwanted and broken gold and silver. Tel: 672 716 979 The Mallorca HandyMan General Interior & Exterior Household Repairs, Plunbing, Electrics, Tiling, Painting, Guttering, Window Cleaning, Jet Washing, Curtain Tracks & Poles, House Makeovers, Gardening, etc... 669 589 090 - terry@ocea.es For sale 4 brand new 14 inch wheel trims for your car 10 euros telephone 659 657 239 Yamaha and Piaggio scooters breaking for spares please call 672 716 979 and tell us what you need .

At Inmobiliaria CJ Bestard we offer a service that is professional, personal and trustworthy. Tel: 971 681 053, e-mail: info@cjbestard.com Robin Banks Mallorca’s leading close-up and cabaret magician call him on 638 546 398 Find Mallorca Advertiser on facebook our fb address is: www.facebook.com/ MallorcaAdvertiser Send us your classifieds before 5pm Thursdays remember 25 words FREE! classifieds@ MallorcaAdvertiser.com The more Facebook friends you tell about us - The more people see your ads.

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FREE Classified ads up to 25 words. Mallorca Advertiser is distributed free via facebook and e-mail. It is also free for readers to distribute too!

Robin Banks Mallorca’s leading close-up and cabaret magician call him on 638 546 398 Find Mallorca Advertiser on facebook our fb address is: www.facebook.com/ MallorcaAdvertiser FREE Classified ads up to 25 words. Mallorca Advertiser is distributed free via facebook and e-mail. It is also free for readers to distribute too! www.fatmallorca.com The Mallorca HandyMan General Interior & Exterior Household Repairs, Plunbing, Electrics, Tiling, Painting, Guttering, Window Cleaning, Jet Washing, Curtain Tracks & Poles, House Makeovers, Gardening, etc... 669 589 090 - terry@ocea.es Edesa Gas Cooker with 3 ring hob 40 euros. Phone 672 716 979 Yamaha and Piaggio scooters breaking for spares please call 672 716 979 and tell us what you need .

At Inmobiliaria CJ Bestard we offer a service that is professional, personal and trustworthy. Tel: 971 681 053, e-mail: info@cjbestard.com Robin Banks Mallorca’s leading close-up and cabaret magician call him on 638 546 398

Find Mallorca Advertiser on facebook our fb address is: www.facebook.com/ MallorcaAdvertiser Send us your classifieds before 5pm Thursdays remember 25 words FREE! classifieds@ MallorcaAdvertiser.com The more Facebook friends you tell about us - The more people see your ads.

FREE Classified ads up to 25 words. Mallorca Advertiser is distributed free via facebook and e-mail. It is also free for readers to distribute too!

Robin Banks Mallorca’s leading close-up and cabaret magician call him on 638 546 398 Find Mallorca Advertiser on facebook our fb address is: www.facebook.com/ MallorcaAdvertiser FREE Classified ads up to 25 words. Mallorca Advertiser is distributed free via facebook and e-mail.

FAT Mallorca The easy way to find services Mallorca’s only Source for Approved Tradespersons www. fatmallorca.com Calvia Radio 107.4fm Broadcast in English 7 til 11pm Seven days a week...Your Local Community Radio Station

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The Solar Sun Ring is a passive, solar, swimming-pool heating device made from two sheets of heavyweight, UV-resistant vinyl. The upper clear layer holds insulating air and focuses sunlight on the blue-coloured lower layer.

The blue layer absorbs about 50% of the sunlight and converts it to heat. The balance of the sunlight is allowed to pass through for deep water heating. newideas.es@gmail.com

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