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For sale: World's smallest country with sea view Tue Jan 9, 2007 8:14am ET By Paul Majendie LONDON, Jan 8 (Reuters Life!) - For sale: the world's smallest country with its own flag, stamps, currency and passports. Apply to Prince Michael of Sealand if you want to run your own nation, even if it is just a wartime fort perched on two concrete towers in the North Sea. Built in World War Two as an anti-aircraft base to repel German bombers, the derelict platform was taken over 40 years ago by retired army major Paddy Roy Bates who went to live there with his family. He declared the platform, perched seven miles off the east coast of England and just outside Britain's territorial waters, to be the principality of Sealand. The self-styled Prince Roy adopted a flag, chose a national anthem and minted silver and gold coins. The family saw off an attempt by Britain's Royal Navy to evict them and also an attempt in 1978 by a group of German and Dutch businessmen to seize Sealand by force. Roy, 85, now lives in Spain and his son Michael told BBC Radio on Monday his family had been approached by estate agents with clients "who wanted a bit more than a bit of real estate, they wanted autonomy." He suggested Sealand, which has eight rooms in each tower, could be a base for online gambling or offshore banking. Asked to describe the delights of living on what he described as a cross between a house and a ship, the 54-year-old said: "The neighbors are very quiet. There is a good sea view." © Reuters 2007. All Rights Reserved.

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Two of SA among 200 richest

09/03/2007 11:32

• World's 20 richest people
• Top dog Gates owns $56bn

Cape Town - Two families in South Africa made it in the top 200 of Forbes magazine's list of richest people in the world.

According to Forbes magazine's 2007 rankings of the world's richest people, the 61-year-old Nicky Oppenheimer and his family clinched the 158th spot with a net worth of $5bn (R36.9bn), while Johann Rupert, 56, and his family claimed spot 194. They are worth $4.3bn (R31.7bn).

The Oppenheimers are also the eighth richest in the Middle East & Africa region, with the Ruperts not far behind at number 13. Forbes magazine listed 62 billionaires with a combined net worth of $188.1bn in the region.

Prince Alwaleed Bin Talal Alsaud of Saudi Arabia is the richest in the region and also 13th in the world, with a net worth of $20.3bn.

Forbes magazine said in a statement late on Thursday that the tally of billionaires around the globe reached a high of 946, their combined wealth growing 35% to $3.5 trillion.

The rich cashed in on strong equity markets, real estate and commodity prices worldwide, according to Forbes billionaires co-editor Luisa Kroll.

Leading the list are two men who manage to keep getting richer as they give more and more money away, reports AP.

Microsoft founder Bill Gates ranked No 1 for the 13th straight year, beating out friend and fellow philanthropist Warren Buffett, chairperson of Berkshire Hathaway.

Gates? fortune rose $6bn to $56bn last year, while Buffett garnered in an additional $10bn to boost his net worth to $52bn.

Source: FIN24 : Empowering Financial Decisions

Audit shows FBI snooping underreported - CNN.com

 

WASHINGTON (CNN) -- The FBI failed to report accurately how many people it snooped on using anti-terror measures, a government audit revealed Friday.

Demands for banks and phone companies to hand over people's private information without telling them may also have gone beyond what is allowed by the Patriot Act, the report showed.

The audit shows the FBI "was sloppy when it should have been diligent", one official with early access to the report said, and a statement from the Justice Department said Attorney General Alberto Gonzales had told the FBI "these past mistakes will not be tolerated."

Officials say the report found the FBI underreported the use of national security letters by 20 percent.

The letters tell institutions to hand over personal and business information about individuals. The targets of the investigations are not informed, unlike court-ordered subpoenas.

One official who saw the audit said it describes finding "errors in the process, not gross violations of the law." He said it seemed to him to be a "failure in the oversight process to keep up with an increase in the volume of NSLs," or national security letters.

In a statement released late Thursday, Justice Department spokeswoman Tasia Scolinos said Gonzales was unhappy with the problems uncovered in the audit and was implementing changes.

"He has told the director that these past mistakes will not be tolerated and has ordered the FBI and the [Justice] Department to restore accountability and to put in place safeguards to ensure greater oversight and controls over the use of national security letters," Scolinos said in the statement

The Patriot Act was passed after the September 11, 2001, attacks on New York and Washington. The White House, Justice Department and the FBI have called it a vital tool in the battle against terrorism, but critics have said the act infringes on civil liberties.

Source: Audit shows FBI snooping underreported - CNN.com

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