Word: yachts
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What's at Stake: $2,500 for missed nights aboard a yacht and at a resort on Tahiti...
...charming the idea of a spirit tax - a contribution to the village partly based on how many spirits reside on your land, and a calculation, mind you, that can only be made by the village elders. Indeed, if you're looking for a stress-free condominium with access to yacht marinas and golf courses, Phuket is the right choice - as long as you have the cash to afford it. "There's a strange situation in Phuket," says Risinee Sarikaputra, head of research for property consultant Colliers International in Thailand. "You have low-end residential units that are bought by Thais...
...course, there are governmental policies in place prohibiting ship abandonment: state laws fine and sometimes jail owners of derelict vessels. The problem is, there's a strong financial disincentive against retrieving and recycling sunken vessels. Dismantling a 40-ft. yacht costs an owner on average $5,000 to $10,000, but the costs can run to 100 times that amount. "You can't just crush it up into a cube," says Helton. Meanwhile, state fines for abandonment run a lot lower, as little as $100. Definitions of vessel, abandonment and ownership also vary among states, which means that ship owners...
...best to the quayside, the big draws at this year's Seafest were not fishing vessels but Viking warrior re-enactments, candy stores, carnival rides and a palmist called Amalia Lavengra. The largest boat in the harbor was not some weathered trawler, but the Donara II, a 34-foot yacht owned by Andy Stewart, Commodore of the Arbroath Sailing and Boating Club. "It's mixed emotions," says Alex Smith, a former Arbroath fisherman who sold his boat last year, and who offered "Pleasure Cruises with Skipper Alex Smith" on a small craft during this year's Seafest. "It's good...
...critics say the episode is only the latest to suggest Sarkozy has blurred the lines between personal friendships and presidential responsibilities. Following his election last year, for example, Sarkozy accepted the free use of a yacht owned by billionaire businessman Vincent Bolloré - a gift detractors call a potential conflict of interest, given the frequent intervention of the state into French economic affairs...