Wednesday, November 26, 2008

CD of the Month (12)

It will be no news that I am a long-time Dire Straits / Mark Knopfler fan, so here's the track that really got me hooked, on late-night radio 30 years ago.

Sunday, November 16, 2008

A Filha do Capitão

My third review of a José Rodrigues dos Santos book. I do read other things, but people keep on buying me his work - I've already got the next one waiting to be read.

This story, set at the turn of the 19th to 20th century, was of particular interest to me, taking place in locations that I know and depicting the trench warfare in Flanders in World War One, where my great-grandfather died. It traces the life of a boy born to a poor family, through his seminary education and expulsion, and into the military academy, from where he ended up being posted to Flanders in the Portuguese Expeditionary Force.

There is a great detail of descriptive writing, detailing life in rural Portugal at the end of the 19th century, impressions of a youth's first visit to the grand city of Lisbon, doubts about theological matters, a lot of football, all of which described with JRS's cutomary skill. But, just like the allied forces in Flanders, the writer gets really bogged down in detail when describing in interminable detail the layout of the trenches and their ridiculous names.

Fortunately, that purgatory is relieved by the romantic liaison between the Captain and a French girl, whose life up to that point we have been following in parallel to his, visiting Lille and Paris with wonderful details that fit in perfectly with my memories of both cities.

Not a book for everyone, as it's rather heavy (perhaps even muddy) over large sections, and the title is a bit optimistic, since even two chapters from the end the daughter hasn't surfaced in the narrative, which rather gives the game away. But I enjoyed it!

Sunday, November 02, 2008

Market Prices?

Under the Portuguese government's residential housing rescue plan, the government sponsored property fund will buy your house and rent it back to you if you can't meet the bank's instalments.

Sounds like a reasonable measure, until you ask what the price of the house will be. "Market price" Of course the existence of a market price depends on there being a functioning market, which there isn't! So written valuations must be obtained from two Stock Exchange approved valuers. But even that doesn't get around the problem, as the valuers' comparative valuation basis must be "market price".

While they will be in huge demand, they will probably continue to be badly paid by the banks for their expertise. I'm glad I'm not in their shoes. Actually I am a valuer, but I'm not risking registering and assuming that responsibility for the pitiful fees that banks have paid in the past. It's a sad reflection on the risks of doing business, don't you think?

There is a twist in the tail though. Property tax (IMI) is payable based on the tax department's formula-based valuation of your property. So surely, either the fund should buy your house for that valuation, or the tax office should re-base the valuation formula (downwards) to reflect the new reality of market prices, for there to be fiscal justice!

Saturday, November 01, 2008

Fallen Out of Use

Entering Philadelphia's City Hall through the southern archway, heading into the central square, you pass a sign indicating the way to a nuclear fallout shelter. I never expected to see that.

Is it still available, operational? I wonder.