By Ian Garland
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A mountain of discarded roadsigns and shopping trolleys protects a makeshift camps of tattered tents.
Eight months after they first occupied Finsbury Square, in the heart of the City of London, the anti-capitalist protesters who have set up home there show no sign of waning.
As another eviction threat looms this week, the 20 to 30 protesters - London's last remaining Occupy outpost - have barricaded themselves into their squalid camp ready to defend themselves against the police.
Occupy protesters have barricaded themselves into their camp on Finsbury Square in the City of London
Before protesters were evicted from the neighbouring camp at St. Paul's Cathedral in February, Finsbury Square was used as an overspill.
It later became an 'eco village' where sustainable technologies were showcased.
But there was no sign of that today. The once pleasant park is now a barren, litter-strewn dump.
20-30 'protestors' remain at the Finsbury Square camp - eight months after it was first 'occupied'
Residents of the square are bracing themselves for an eviction attempt on Friday and have barricaded themselves in
Islington Borough Council moved in March to start eviction proceedings against the 'residents' of Finsbury Square.
The most recent stay of execution expires on Friday after Justice Hickinbottom ruled at the High Court last week that Islington Council has the right to repossess the public space.
Islington councillor Paul Convery insists the time has come to move the camp on - claiming many legitimate protesters have been replaced by vulnerable homeless people.
He told the Guardian: 'The council has said from the outset that we support the right to peaceful protest, and we have tolerated Occupy's presence at Finsbury Square since October.
'However, it is now apparent that the character of the protest has changed and Occupy's presence is significantly diminished. In the protesters' place, we now see a group of vulnerable and homeless people who would be better cared for elsewhere.'
At one time protesters used the square to showcase sustainable technology, but it is now a litter strewn dump
But Tom McCarthy, a resident at Finsbury Square, insists the camp serves an important purpose.
He wrote on the Occupy Finsbury Square blog: 'This camp makes a political statement about our society.
'Since Occupy opened the camp on 21 October, it has become a home and community for many homeless people, for whom the system has failed.
'In evicting this community, Islington Council – who have helped to re-home some people that have ticked certain boxes – are potentially leaving some people in a much worse position than they are already in.
'We ask Islington Council to not go down the same route at the City of London Corporation – cleansing the City of homeless people is not the way forward. Helping to find real solutions is.'
Islington Council claims the camp is now just occupied by vulnerable and homeless people
Banners erected on the camp still preach anti-capitalist slogans, despite claims by councillors the square has become a haven for the homeless
Islington Borough Council are keen to repossess the square so they can start fixing the damage caused by protesters
Source: www.dailymail.co.uk
London landlords squeeze cash from dead space - Reuters UK
LONDON |
LONDON (Reuters) - London landlords are renting out everything from vacant stores to empty sports fields, rooftops and even an abandoned quarry to cash in on the tight supply of space in the UK capital during the Olympic Games this summer.
Eleven million fans, sponsors and athletes are expected to arrive in Europe's second-most crowded city from July, stoking huge demand for storage, temporary shops and vantage points for TV cameras, in turn allowing landlords to cash in on otherwise dead space.
"You'll see usable space created that doesn't currently exist," said Mark Hughes-Webb, managing director of Space-2 Consultancy, a specialist real estate firm that finds buildings for events and film shoots.
"It's been a long time since the Games were in such a densely populated city," Hughes-Webb said. "People are having to be more imaginative."
London, the European Union's most densely populated city after Paris according to EU statistics, will host the games between July 27 and August 12. Homeowners have already hiked rents by up to six times in anticipation of the influx and commercial landlords are getting in on the act.
Unlike the last two Olympic cities of Beijing and Athens, where neighbourhoods were demolished to create venues, or they were located in more sparsely populated outlying areas, most of the 34 London sites are at the heart of built-up areas.
The Games' epicentre at Stratford in the east of the city has benefited from a 7 billion pound injection of infrastructure, sporting venues and homes, revitalizing an area better known for its polluted waterways and industrial estates.
Sites for hire include a former limestone quarry near the Bluewater shopping centre in Kent, southeast England, the owner of which is targeting contractors seeking temporary staff accommodation. Its proximity to a high-speed rail link means it is 30 minutes from the Olympic stadium in Stratford.
VACANT UNITS
Elsewhere the owners of a sports field in Chiswick, west London, are in talks with an overseas group of performers to rehearse for the handover ceremony to Rio de Janeiro, the Brazilian city that will host the Games in 2016.
Sites like these can cost between 10,000 to 20,000 pounds a week, Hughes-Webb said.
Also in demand are empty shops, particularly those close to busy retail areas like Oxford Street and Covent Garden, which are being snapped up by the likes of high-end U.S. clothing brand Opening Ceremony to house temporary, pop-up stores.
"Enquiries from landlords looking to lease out their vacant units during the Olympics have risen by 50 percent," said Rosie Cann, director at consultancy Pop-up Space.
Rents can be between a few hundred pounds to 20,000 pounds depending on the location and size. Stores generally remain open for between a day and two weeks, agents said.
Vacant shops around train and subway stations or Olympic venues are being rented by smaller sporting and drinks brands in need of makeshift space to store merchandise, Hughes-Webb said.
Not all attempts to find space are successful. Nike Inc's plan to build a temporary two-storey building to host exercise classes in Regents Park was blocked by Westminster council on the grounds it would ruin the park's appearance.
Equally those with empty space near venues may not see a big pay day. The London Olympic organising committee (LOCOG) bans non-sponsors from advertising within 300 metres of venues, keeping demand in check, property experts say.
Official sponsors Cadbury, BMW and British Airways are among those companies expected to seek temporary space near Olympic venues, which include a man-made beach on the Greenwich peninsula on the Thames built specially for the Games.
PANORAMIC VIEWS
Australian developer Lend Lease owns large chunks of land around the O2 arena, also on the Greenwich peninsula and the venue of the gymnastics and basketball competitions. It will lease out land earmarked for redevelopment to Olympic sponsors to make a short-term return and in an attempt to lure permanent office tenants to the area.
"We are most definitely making money from this," Simon Donaldson, Lend Lease's head of retail operations said, declining to say how much but adding it would be substantially more without the LOCOG rules.
Elsewhere demand from film crews keen to capture panoramic views of the London skyline has pushed up prices for rooftop space. Fees are likely to double from their norm outside of the Games to 300 pounds per hour over the period, Hughes-Webb said.
Developers of the 95-storey Shard skyscraper next to London Bridge train station, about six kilometres from the Olympic park, have been approached by a string of broadcasters about filming from western Europe's tallest tower, a spokesman told Reuters, declining to give further details.
Cash-strapped local councils are also getting in on the act. Newham, home to the Olympic stadium, has rented out the upper floors of two largely empty apartment blocks next to the Olympic Park to broadcasters BBC and Al Jazeera, while Redbridge council in northeast London is leasing out a forest to a temporary hotel company to house 4,200 Olympic security staff for an undisclosed sum.
Yet many landlords are missing out as they are unaware of the strength of demand for storage space, or the value of being close to the Olympic park, Hughes-Webb said.
"People are fixated on what the space is, not what it could be. They're looking at it and saying 'it's just an empty field'," Hughes-Webb added. "Well, it's not to us."
(Editing by Tom Bill and David Holmes)
Source: uk.reuters.com
New Jersey Divorce Advisors LLC Offers Divorce Clients Guidance on Creating a Case Information Statement - YAHOO!
New Jersey Divorce Advisors, LLC, the leading divorce financial experts in New Jersey, provides guidance to divorce clients. Getting it right the first time: why a Case Information Statement is the lifeblood of a divorce settlement, and how to be sure this essential paperwork is completed properly.
Red Bank, NJ (PRWEB) June 13, 2012
New Jersey Divorce Advisors, LLC, the leading divorce financial experts in New Jersey, have released their recommendations for completing a Case Information Statement(“CIS”) during the divorce process.A recent high-profile divorce case proves the point that one of the most important preparations a person must make before going to court is making sure the Case Information Statement is thorough and complete.
Luckily for Laura Blank, her original CIS paperwork (in New York State the CIS is called a Statement of Net Worth) in her divorce from Steven Simkin in 2006 was thorough and complete; it worked in her favor when Simkin brought her back to court to try to renegotiate the settlement agreement. According to the New York Times, when the two divorced, Blank and Simkin split their millions evenly. Blank took hers in the form of cash. That meant that her portion of the investment proceeds was liquidated. Unfortunately for Simkin, he chose to keep his portion of the assets invested with Bernie Madoff. When Madoff was arrested for fraud in 2008, Simkin lost everything he had invested with him. Simkin sued his ex-wife to try to alter the terms of their divorce agreement, but a New York judge ruled that the divorce settlement was based on the value of the asset at the time of the settlement, and as such given that the asset was an investment, there’s an implicit understanding that it may change over time. Had there been an error in the value shown in the CIS at the time of the settlement, the case could have been reopened (Simkin v. Blank, Index 48, NYLJ 1202547876121, at *1 Ct. of App., Decided April 3, 2012) .
The CIS is the most critical document in terms of the financial settlement, and indeed every case in the state of New Jersey requires the completion of a CIS, but what exactly is it?
“Simply put it is a Financial Affidavit created by each spouse,” says Jodi Carter, co-founder of New Jersey Divorce Advisors LLC, and a Certified Public Accountant (CPA). “The CIS contains a comprehensive list of all assets, liabilities, income, and expenses for both parties. It contains all relevant case information including date of the marriage, issues in dispute, children’s names, and the date of separation. And it breaks down the household income, taking into account bonuses and commission versus wages, and self-employment income, as well as appropriate tax deductions, analyzing required versus voluntary deductions such as 401(k) contributions.”
In addition, the CIS requires each spouse to set forth a budget as to the standard of living acquired during the marriage and expected after the marriage. This is why this form is the most important document in the divorce, it allows each party to track the money that was spent during the marriage, and also prepares each person for life after divorce. The form includes all of each person’s assets and liabilities, not only those that are subject to equitable distribution, and requires the submitting spouse to sign off on the accuracy and validity of the information contained in the document.
“Many parties and even some attorneys fail to appreciate the importance of preparing an accurate CIS. Success in negotiations, mediation, collaborative divorce, pendente lite motions, and trial depends on the accuracy of historic budgets, projected budgets, current income, and financial net worth,” says Hanan M. Isaacs, Esq., a Certified Matrimonial Specialist, mediator, and collaborative attorney located in Kingston, NJ.
In divorce litigation, the attorneys will rely on the information provided in the CIS to present their cases and negotiate an equitable settlement for their clients. The judge will also rely on the data provided in the CIS to assess the marital lifestyle and rule on alimony, child support, and distribution of assets. In mediation & Collaborative divorce, the CIS is not mandatory but is typically used because it is beneficial to the parties to work from this document. In less adversarial situations, the parties may create a joint CIS to be used by both parties.
“For many clients, the CIS represents the first time they’ve compiled a household budget or household balance sheet,” says Bryan Koslow, co-founder of New Jersey Divorce Advisors LLC, and a Certified Divorce Financial Analyst (CDFA™). “It forces people to compare their household inflows vs. outflows. At New Jersey Divorce Advisors LLC, we take it a step further by creating separate budgets for our clients for post-divorce to give them a framework for making decisions. For example, the budget will drive decisions about whether you can stay in the marital home, and how many hours you may need to work to support your desired lifestyle. The CIS is also the basis for determining how disruptive the divorce will be to college savings plans, retirement plans, and estate plans.”
Hiring a financial expert to create a lifestyle analysis takes the CIS preparation to the next level. The financial professional will meticulously examine tax returns, bank account statements, brokerage account statements, credit card statements, credit reports and other financial documents provided by the client to create an accurate account of the couple’s standard of living for the court. The lifestyle analysis will demonstrate the couple’s day-to-day expenses, and the spending habits of each party. This can help the court more clearly understand the couple’s finances, which is critical because one of the factors that the court considers when determining alimony is the standard of living to which each party was accustomed during the marriage.
Too often couples see the CIS as another required document for the divorce. By viewing this document as the basis for decisions and a wealth of information for planning for their future, it becomes a pivotal tool in moving from one stage of life to the next.
About NJDA
New Jersey Divorce Advisors, LLC is a financial consulting and planning firm specializing in the financial aspects of divorce. By analyzing the unique situation of each client, the firm structures equitable settlements and creates a plan for the client’s future. The firm, founded by a Certified Public Accountant and Certified Financial Planner™, provides clients a comprehensive financial assessment that includes tax analysis, financial planning, retirement and estate planning, and insurance recommendations. The firm may be utilized in Divorce Mediation, Litigation, or Collaborative Divorce.
Bryan Koslow
New Jersey Divorce Advisors
732-703-6532
Email Information
Source: news.yahoo.com
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