Branson's Virgin buy bail geholfen-Out Northern Rock

1:58 AM Bransons, geholfenOut, Northern, Virgin No Comments

LONDON - the British Government sold Mortgage Bank Northern Rock, the country's first victim of the credit crisis, with Richard Branson's Virgin Money.

Virgin Money, is part of the larger Virgin Group and is paying 747 million pounds ($ 1.2 billion), but there are provisions for the Government up to 1 billion pounds in total get the Finance Ministry said Thursday. Virgin Money has promised that it will not laying from each more employees and preserves the full branch network for at least three years.

"It was clear for us was that we were the best deal for the British taxpayer, always more money than any other deal back on the table," said Treasury Chief George Osborne.

He said that the sale would increase also competition in British banking sector, which is dominated by four major banks.

The deal drew criticism, but because the price was less than ? 1.4 billion that taxpayers had invested in the Bank.

"I am very concerned about whether we get really good value for the taxpayer", mark field, a legislator in the conservative party, said the Osborne is party.

Also, "serious questions about the much done today at Northern Rock sell it Ed Miliband, who said leaders of the opposition labour party, and in particular about the losses for which taxpayers are made."

Northern Rock funding crisis at the end 2007 were images of desperate depositors schockierende UK snake, to withdraw their money from the company. The previous Government nationalized the Bank in February 2008 in the face of opposition by Osborne and guarantees the safety of savings deposits.

The sale includes 75 branches and 2,100 employees, 1 million customers, retail deposits of ? 16 billion and a mortgage book of ? 14 billion.

Virgin Money was founded in 1995 and has around three million customers. The purchase of Northern Rock by a consortium led by Virgin Group and w.l. Ross & co., finance specialist for the turn.

"Banking in the United Kingdom needs some fresh ideas and an injection of new competition," Branson said. "I am glad we get the chance, with the loyal employees of the Northern Rock, create you a new force in the market to work."

Before the Bank was nationalised, Virgin Money made to accept an offer in the year 2008, Northern Rock, but the then Government rejected it as too risky and too expensive.

The sale contains provisions for an additional ? 50 million cash to the Government six months after completion, will be paid and up to 230 million pounds is a profitable IPO or sale period of five years.

The Government last year divided Northern Rock into two companies: Northern Rock PLC, Virgin Money buys, and Northern Rock PLC holds a portfolio of the most risky loan (asset management).

The Government is planning, advanced by the Treasury, the asset management unit in the course of time to repay wind 50 billion pounds.

Northern Rock was only a small part of the amounts paid by Government, to save the banking sector on the brink of collapse. Taxpayers keep 83 percent of the Royal Bank of Scotland and about 40 percent of the Lloyds banking group.

Copyright 2011 of the associated press. All rights reserved. This material cannot be published, sent, rewritten or redistributed.

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"Like a Virgin ' in China to the pay"

3:57 AM China, Virgin No Comments

Bo Gu / NBC News

A snapshot of the Web site that sold fake Hymens.

By Bo gu, NBC News

Beijing - virginity is appreciated in spite of the gradual liberalisation of the attitude towards sex before marriage in China as also rampant prostitution and pornography on the Internet - a woman by many men here, especially in rural areas.

So is what disguise a girls sexual experience to do trying to it?

Pretend to be a Virgin.

Are looking for the words "artificial hymen" on Google in Chinese, and get seven million results. Search "Joan of arc red", and get over a million results - it is the largest selling brand in China's growing fake hymen market.
Try 'shy' for 'a better effect' displays
A young woman on the search embarrassing can sign for a solution for their problem easily on the website www.xuexing.org and pay $18.40 for two fake Hymens beautifully packaged in a wooden box.  For $14.40, the same products are displayed in a paper just wrapped up.

The website says that were were first invented in Japan and then popular in Thailand, followed by the rest of Southeast Asia, before finally make their way to the Middle East.

In accordance with the instructions, the little semi-transparent fabric has no side effects and is one of natural fibrin glue, a medical elastic substance, a soluble base and Carboxymethocel.

"After you this set, will it into the vagina resolve and expand." Sex in about 20 to 30 minutes, and you will "bleed", "explains the statements."  "A better effect is achieved if you shy and pain are."

Bypassing tradition
Chat I first learned about this product by an anonymous text message that read "Joan of arc no surgery, no injections, no pain, and there are red, you in just a few minutes re-virginize.", I logged onto the site, and an online-service agent immediately began with me.

It is a trade secret, he was frank about the huge market for their product tell refusal on a daily basis to, sell them because the agent said, me how many packs.  He wrote "Many new graduate they buy before they marry,". "Then do some prostitutes who want to get a better price from their clients."

A few decades ago it was usual for husbands to be expected that tell-tale red markings on the wedding night. But despite the fact that China is now much less conservative than in the past, many brides are judged still as well.

Bo Gu / NBC News

A photo of "Joan of arc, red" on the product Web site.

Lian Yue, well-known columnist with "Shanghai weekly," has been give ten years advice love. He says a lot confused male readers their disappointment recommend it if it their girlfriends have experienced sexual experiences before them.  He hears often by women worried about losing her virginity to Mr wrong.

"The Chinese women's is still low social status and some of the husbands appreciate women for their Hymens intact, have," said Lian. "This necessarily only in rural areas does not exist." Some "urban people have the same idea."

Reconstructive surgery is an option
If the wife is wealthy and preferred a safer camouflage, surgery is an option to make her feel like a true Virgin again.

Li Weifan, Deputy President of the Beijing Wuzhou women's Hospital, spoke to NBC News quite openly about the "hymen reconstruction" as one of their services, they offer plastic surgery.

"Around 10 to 20 per cent of our patients implant here for cosmetic surgery such as liposuction or breast," she said.  "Some girls - they are much newly graduated College students - regret their previous sex life and come here again to her virginity before they marry."

Li said the hospital plans a few operations each month, and the patient recovery time is about one month. The operations costs of $450 to 1,000. Due to privacy issues and the fact that many of the operations in private clinics be abandons it how many re-virginization operations in China are carried out every year no official statistics. But hospitals like Wuzhou in China have become popular women with young, wealthy women, because they can enjoy better service and more private than in public hospitals.

Although the fake hymen product instructions claim there are no side effects, gynecologist warn that it could cause infections. Doctors also warn that surgery of fake Hymens-induced could break if the girls engage in physical activity such as with the bike.

Despite the risks is not only a dream in China be a Virgin in a few minutes.  The easy to use fake Hymens are used by women in the Middle East, where sex before marriage is still a strong social stigma.

Syria can bought an artificial hymen for $15 on the black market of girls who afford, hymen surgery in underground clinics conducted reconstruction.  A prominent religious leader in Cairo called for severe punishment of persons holding facilitates the sale of artificial Hymens, it immoral and corrupt act in 2009.

"It is really not necessary at all to forge a Virgin, unless you have been raped, and this really provides a comfort", said Wang Xiaoyuan, a young editor at the Beijing Office Bazaar magazine.  "Women have in marry no duty, to keep her virginity."  If my friend had a virgin complex, I would find another guy absolutely. "I think on behalf of no discrimination in China, the difference between males and female gets no respect, which is worthy of you."

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