সোমবার, ৩১ ডিসেম্বর, ২০১২

Texas awaits next step in investigation of suspended players Case McCoy, Jordan Hicks

Texas football survived the weekend with a victory in the Alamo Bowl, but the program faces a future that includes questions about two players sent home from San Antonio.

Linebacker Jordan Hicks and quarterback Case McCoy, both juniors, were suspended Friday as police investigated a sexual assault claim.

Officially, both players were banned from the Alamo Bowl and the team for violating team rules.

Further information is expected to surface on the case this week, but for now, a lawyer representing Hicks is making a defense for his client and McCoy.

"I have spent about an hour-and-a-half speaking with Jordan Hicks, and I can say based on that discussion I am very confident that everything that happened from the first drink at the bar to the time everyone said goodnight was entirely consensual and above board," Minton told the Austin American-Stateman. "Nothing that was done by him or Mr. McCoy was against the law. Period."

In an earlier interview with Austin TV station KXAN, Minton said he doubted charges would be filed in the case.

News reports indicated there was indecision on the part of the alleged victim, a 21-year-old woman, as to whether consent was involved in the contact with the men. Police and medical officials were reviewing information and evidence from the incident, which took place early Friday.

"The unfortunate thing is if you cannot remember whether or not you gave consent the state is going to have an impossible time of putting somebody in jail for it," Minton told KXAN earlier. "If this is something that truly happened the way that she lays it out then it is very unfortunate for her."

Without the two players, Texas won its bowl game 31-27 over Oregon State.

Learn more: McCoy, Hicks focus of sexual assault allegations

Source: http://aol.sportingnews.com/ncaa-football/story/2012-12-30/texas-longhorns-case-mccoy-jordan-hicks-suspended-alamo-bowl-alleged-sexual-assa

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Short and social workouts led fitness trends in 2012

NEW YORK (Reuters) - From mud races to sweat parties to CrossFit competitions, workouts turned smarter, shorter and more social in 2012, experts say, as fitness was sweetened with a little help from smart phones and friends.

"Everything is about making fitness fun," said Jenna Autuori-Dedic, senior fitness editor at Fitness Magazine.

Even those grueling indoor cycling classes were a chance to mingle.

"I truly think that spinning was one of the biggest things to come out of 2012," said Autuori-Dedic. "They (fitness studios) made it fun. You can go with your friends, match your workout to the music. When you work out with friends, you don't realize you're working out."

She said 2012 also saw the rise of the sweat party.

"Instead of hitting the bars for that bachelorette party or night out with the girls, women are going in groups to fitness studios," she explained. "You don't have to choose between working out and meeting your friends, you can do both."

Working women have begun treating clients to boot camp classes in lieu of happy-hour, she added, and more co-workers host conference room workouts at lunchtime.

Mud runs were another 2012 trend that Autuori-Dedic expects to grow in the new year, along with fun obstacle-type races in general, during which participants can get blasted with paint or chased by "zombies," often for charity.

Donna Cyrus, senior vice president of programming at the Crunch national chain of fitness centers, said dance classes and short, results-driven workouts dominated group fitness.

"Going into 2012 everybody was looking for the next Zumba," said Cyrus of the Latin-based dance fitness craze. "We find that people are looking for fun easy-to-follow dance moves."

Crunch created 2FLY, a dance class based on music of the ?80's and ?90's that strives to feel more like a house party than a workout.

The other big trend from 2012, according to Cyrus, is the 30-minute workout.

"Everybody is realizing that you can get results in 30 minutes," she said, so this year was also about hard core, body-sculpting, CrossFit-type classes.

CrossFit is an intense, constantly varied, strength and conditioning program.

Autuori-Dedic said the CrossFit games, which are competitions that grew out of the workout regimen, mushroomed from only 4,000 participants to nearly 70,000 this year.

Richard Cotton, national director of certification programs for the American College of Sports Medicine, said 2012 signaled a welcome shift back to the basics of training people to be prepared for daily living.

"We're finally getting smart about what functional exercise actually is," Cotton said. "Simpler and basic, easier to do at home, there are fewer silly ball exercises, (such as) balancing on a ball while doing bicep curls."

Cotton said personal trainers increasingly apply troubleshooting, motivational interviewing and coaching techniques to their sessions with clients.

Autuori-Dedic said 2013 will see more trainers displaying their wares online.

"Trainers are live-streaming workouts and putting things on Twitter, iTunes, everywhere," she said.

And sophisticated tracking apps are here to stay.

Autuori-Dedic cited a study showing that people lost an average of 15 pounds and kept it off for at least a year just by tracking their statistics with an app.

"It used to be that stepping on a scale once a week would tell you how far you've come," she said. "Now with our smartphones we can log in at any time and see how we're doing every step of the way."

(Editing by Patricia Reaney and Vicki Allen)

Source: http://news.yahoo.com/short-social-workouts-led-fitness-trends-2012-100226797.html

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Florida's weird, and tragic, news of 2012

Pinellas County Sheriff's Office / Pinellas County Sheriff's Office

Ana Gloria Garcia Gutierrez, 53, was arrested for riding a manatee on Sept. 30.

By NBCMiami.com

In 2012, Florida was a state where a lifeguard got fired for saving a life, a woman got arrested for riding a manatee and a man repeatedly used 911 as a phone sex service.

Think that's weird? It gets worse and more tragic.

In one of the state's most horrifying stories of the year, a man in Miami?stripped a homeless man naked, chewing off most of his face before being fatally shot by police. And it wasn't the only story of its kind. In Manatee County, deputies used multiple Tasers to subdue a naked man who bit off part of another man's arm.

Later in the year a man won a roach-eating contest outside a Deerfield Beach pet store and then dropped dead in front of the store when body parts of the dozens of roaches he swallowed blocked his airway.

Read more news on NBCMiami.com

"We tend to be a magnet from every direction for all kinds of sketchery," said Billy Corben, a documentary film director whose works include "Cocaine Cowboys" about Miami's cocaine wars in the 1980s. "It's very late in the game where we go, 'That dude? I guess he seemed kind of weird.'"

Corben, whose "The Billy Pulpit" website compiles weird Florida news, said Floridians tend to show up in high numbers on "The Jerry Springer Show" and "America's Most Wanted." And odd stories elsewhere always seem to have a Florida tie ? like former CIA director David Petraeus's extramarital affair being exposed through a Tampa socialite.

And when anti-virus software founder John McAfee ran from Belizean authorities who wanted to question him about the slaying of a neighbor, he wound up in Miami Beach, where he shopped, ate sushi and posed for photos with tourists.

"The state seems to either passively or directly endorse all of this lunacy in some way or another," Corben said.

Then again, this is the state where Gov. Rick Scott mistakenly gave the media a phone sex number to promote a meningitis hot line. After a broadcaster posted it, at least one caller was greeted with a recording of "Hello boys..." from a lusty sounding lady.

Several gaffes involved hunting Floridians.

There were the two guys in Santa Rosa County who used a bow and arrow to kill a neighbor's pet turkey, which they planned to eat on Thanksgiving. Then there was a Flagler County man who shot his girlfriend in the legs because he thought she was a wild hog.

A mother and daughter were sentenced to two months in jail for using two dogs to kill a farm-raised pig in their backyard. They posted video of the attack on Facebook, which led to their arrest.

Ah, Facebook! It caused trouble for several other Floridians.?A Sarasota County man was kicked off a jury after a judge learned he sent the defendant a Facebook friend request. The juror further infuriated the judge with a Facebook post bragging about getting dismissed from jury duty. He was given three days in jail.

A Manatee County music teacher was issued a verbal warning for a Facebook conversation in which she described an 8-year-old student as the "evolutionary link between orangutans and humans." A high school science teacher also had some explaining to do when she put a cone-shaped dog collar on at least eight students and the "cone of shame" photos appeared on Facebook.

Those weren't the only strange events in Florida schools.?A Plant City teacher was charged with trying to hire a hit man to kill another teacher he suspected was spreading rumors about him.

And a man showed up at his kindergartener's school to retrieve a bag of marijuana and a scale he left in the boy's backpack. More evidence that pot affects short-term memory? An 18-year-old Tampa woman was charged with DUI and marijuana possession three times in less than three weeks, the last two times on back-to-back days.

Bunnell police charged a man with riding a horse while intoxicated after he led officers on a half-hour chase, while a 52-year-old St. Petersburg woman was arrested after police found photos of her riding a manatee.

Floridians also showed that they'll steal just about anything. An Ocala woman told police thieves stole her Thanksgiving turkey from a freezer in her garage; a man was charged in Lakeland after police said he stole two swan eggs from a nest and cooked them; about 150,000 baby clams were reported stolen in Lee County; and a Miami-Dade man had 500 canaries stolen from his home.

Perhaps the oddest was a Reddick woman who drove home to find someone stole her driveway, carting away 300 square feet of brick pavers.

And it's not as if Florida authorities don't take theft seriously. A judge in Ocala sentenced a homeless man to 180 days in jail and fined him $500 for stealing $2 worth of candy.

Then there was the guy accused of selling methamphetamine in Polk County who swiped the recorder with his confession and flushed it down a toilet. The suspect told the detective, "Tighten up on your job, homie."

Even more embarrassing, a Broward County deputy was fired for repeatedly visiting strip clubs while he was on duty and wearing his uniform, sometimes skipping official calls. A West Palm Beach strip-club owner unsuccessfully sued a competing club to block the appearance of Nadya Suleman, claiming the woman best known as "Octomom" agreed to strip at his club first.

Speaking of celebrities and sex, former pro wrestler Hulk Hogan sued a DJ named Bubba the Love Sponge Clem over a secret tape of Hogan having sex with Clem's wife.

While not quite sex on tape, 911 audio recordings were released of a Tampa man who repeatedly called the emergency line and asked the operator to come over for sex.

Florida's unique wildlife always finds a way into the news. An airboat captain near Everglades City was showing an Indiana family how to feed alligators when a 9-footer bit his left hand off. Authorities later charged him with illegally feeding an alligator.

A man strolling along Pompano Beach found a giant blue eyeball and turned it over to authorities. Wildlife officials said it likely came from a swordfish.

On another South Florida beach, a lifeguard was fired for helping save a man from drowning. It turns out the man he saved was just outside the area that Hallandale Beach hired a private company to protect. The company said it was at risk once the lifeguard crossed the boundary.

In miscellaneous Florida weirdness:

? A man who won an auction for the contents of a Pensacola storage unit discovered it contained dozens of preserved human brains, hearts, lungs and other organs that had been collected by a former medical examiner.

? A man looking to repay a $400 debt took a taxi to a Jacksonville bank, robbed it and took the taxi back to his apartment. When police found him, he had changed into women's clothes.

? An 18-month-old girl was pulled off a flight in Miami because the airline thought she was on the U.S. no-fly list of suspected terrorists.

? Police in Holly Hill said a man fatally shot his roommate during an argument over how to prepare pork chops, while St. Petersburg police say a man killed his roommate over a missing corn dog.

??And finally, in what will go down in the first date from hell hall of fame, a Boca Raton police say a 35-year-old woman attacked a man with a knife and smashed his windows after he refused to say they were boyfriend and girlfriend at the end of their first date.

Source: http://usnews.nbcnews.com/_news/2012/12/31/16262584-from-manatee-riding-woman-to-911-phone-sex-floridas-weird-news-of-2012?lite

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Our Place Society Today-Annual Community Christmas Meal

General Sources Sunday 30th December, 2012

Local politicians and volunteers will be helping serve over 1000 Christmas meals to the city''s homeless and most vulnerable at the Our Place Society''s Annual Christmas Meal today from 11:30am - 2:30pm. The Christmas meal will consist of 1000 lbs of turkey, 500 lbs of potatoes, 250 lbs of stuffing, 200 lbs of vegetables, 25 gallons of gravy, 55 lbs of cranberry sauce, 125 home made pies and 1500 cups of coffee. "As in all families, Christmas i...

Read more

Source: http://www.europesun.com/index.php/sid/211670910/scat/8a92b93e7894a18b

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Tata Communications ? Broadband Internet ? Online Complaint

by gangwani.mail on 31/12/2012

Hello sir/Madam,

my tata communications broadband internet userid# pgangwani@vsnl.Net (Prepaid Connection)
I have been wrongly/Forcefully charged for the service (online backup) which I have never activated nor used at any point of time. Firstly I am a home user and do not have any business usage of internet. Why would I choose a business service ? when I called up customer care, I realized that the service was activated from 29/11/2010 and now it is renewed again second time. This way I have lost rs. 3000 from my account balance unnecessarily. Now I am feeling like cheated from a big brand tata for whom I trusted for more than 5 years now. I am quite regular in renewing broadband service and DID not have much issues so far from last 5 years. Now I have checked online after logging in my account. I have noticed that service (onlinebackup) was started from 29/11/2010. So after my investigation, when I checked the internet usage log, I could not find any entry of my internet usage on 29/11/2010 so how would I activate this service ? kindly please look into this. I think I have lost total rs. 3000 from my account unnecessarily. Please see the screenshot below. I am hopeful to get my hard earned money back from tata. Please do the needful.

Pradeep gangwani
email ? pgangwani@gmail.Com mob: 9970258844

Source: http://www.consumercourtforum.in/india/tata-communications-broadband-internet-2/

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রবিবার, ৩০ ডিসেম্বর, ২০১২

Campaign Urges Mayor Brown to Block Colvin Church Demo

The Campaign for Greater Buffalo History Architecture and Culture has sent a letter, quoted in full below, to Buffalo Mayor Byron Brown urging that he direct Commissioner of Permit and Inspection Services James Comerford to rescind his issuance of a demolition permit, effective Monday, Dec. 31, 2012, to the owners of the former North park Baptist Church (later Temple Emanu-El) at Colvin and Tacoma avenues in North Buffalo.

?

Hon. Byron Brown
City Hall
Buffalo, NY 14202
VIA?HAND?DELIVERY?AND?EMAIL

Re: Former North Park Baptist Church-Temple Emanu-El, 375 Colvin Avenue.
?
Dear Mayor Brown,

At its meeting yesterday, the Buffalo Preservation Board found that the threatened former North Park Baptist Church at 375 Colvin Avenue qualified for designation as a city landmark. Only one of nine criteria need be met for designation; the board found that this building met five of the criteria. The board voted unanimously to designate the building as a landmark and scheduled a public hearing for January 10. The building is best known as the former Temple Emanu-El, the seat of the most significant rabbi within Conservative Judaism in the United States, Isaac Klein, from 1953 to 1968. The former Baptist congregation overextended itself on the grand building, and sold it in 1934 to congregation Emanu-El, led by Rabbi Joseph Gitin (upon his death in 2010 at age 104, Rabbi Gitin was believed to have been oldest Reform rabbi in the world).
?
Commissioner Jim Comerford has indicated he is "releasing" the historic building for demolition and issuing a demolition permit effective Monday, December 31 on a non-emergency basis. Such action would be taken with full knowledge and directly contrary to the Preservation Board.

This is an iconic building in North Buffalo, the demolition of which, the Preservation Board was informed, is opposed by many in the community. Councilmember Michael LoCurto informed the board that he is opposed to demolition and supports the formal designation of the building as a landmark. In addition, The Campaign for Greater Buffalo opposes the demolition and supports the desgnation of the site as a landmark.
?
That this should be happening during the holidays and after the owners cancelled an inspection of the building by the Preservation Board just hours before it was to take place (and, it seems, after Commissioner Comerford made the decision to issue the demolition permit), is of utmost concern. As indicated by the non-emergency status of the demolition permit, no health or safety reason exists for the building to be torn down.
?
You have in the past intervened to forestall demolitions of significant buildings and we must urge you once again to take immediate action and direct that this demolition permit be rescinded or delayed at least until the full Common Council has acted on the nomination.
?
Sincerely

[signed]

Tim Tielman
Executive Director

Photo by Steel

Source: http://www.buffalorising.com/2012/12/campaign-urges-mayor-brown-to-block-colvin-church-demo.html

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Eric Chua : Life, Business and Real Estate in Singapore ? Maximize ...

It may be hard to start out, particularly if your business has a lot of competition. Choosing a variety of methods for your Internet marketing is essential learning what works and what doesn?t. This article will give you just the tips you need to put your business first.

Use press releases or blurb in industry blogs as a way to promote your business and bring in traffic. Once you learn to write good press releases, you can find a number of places to have them published online. This is an excellent way of boosting your standing on the Internet.

If you want to stand out as an authority to people who consider purchasing your product, try to actually interview authorities to post on your site. Before you publish anything, be certain of getting permission. You don?t want to suffer legal problems. Next, create articles out of the interviews and upload them to E-zine directories. This can get you sales, credibility and more traffic.

TIP! Your website should highlight at least one feature that is unique and remarkable. Doing so will likely increase the traffic of people interested in the product.

The advertisement of your product should always be positive and inspiring. Tell people about the benefits that they will receive and the goals that they can reach by purchasing what you have to sell. People will feel good about buying your product if it makes them feel good about themselves.

This following article offers advice and information regarding internet promotion. Your site?s landing page needs to lay out a clear objective. Your site is about selling the product. The product that is available for sale should be very transparent to the page reader from the moment they arrive. If your visitors have to search for content or products they are seeking, chances are they will leave quickly.

Creating and maintaining an interesting blog is a great way to draw in visitors. Regularly posting fresh content is a great thing for attracting viewers. People will visit more frequently if they know that there will be something new to read each time they visit.

TIP! If you are trying to find a niche market, learn what people are complaining the most about. Why, you may ask? This way, you can find out what problems need to be solved.

Try offering special discounts for buying the same product regularly. If there is a way to offer a monthly supply of your product, a subscription is a great way to keep them coming back for more.

Make sure that you implement all sorts of different software to make your Affiliate marketing strategy as successful as possible. If you fall behind, your customers will notice it and start to doubt you. On the other hand, if you demonstrate a willingness to take risks and employ cutting-edge business tactics, customers will respect your innovative practices.

Money is required to buy a quality domain. The assurance of obtaining the exact domain name as your business name is a long shot. If you can muster up $1,000 to $2,000, you?ll be able to afford a domain name that closely fits your company.

TIP! Make sure to give your customers opportunities to easily buy similar products to the one they have just purchased. For instance, if you sell shirts on your site and a customer buys a Hawaiian shirt, send them links to the other Hawaiian shirts you sell.

One tip you should follow is offering retail and wholesale prices. You should make profits on wholesales, but this can help you boost the number of products you sell.

It is in your best interest to try get your customers emotionally involved with your service or product. Encourage your reader to visualize their life and how much easier it would be when they use your product. Your ad should be so good that people should be able to imagine using your products while they are reading about them.

Make sure that you stay on top of all of the newest Internet developments. The internet is forever morphing, it is very useful to keep up with new things and websites so you can put your niche in the public eye.

TIP! Try to make your ads look unique, instead of traditional and common banner ads. Make your banner ad look more appealing and unique and people will be more likely to click.

Be sure that you keep very detailed statistics. Be it your sales, traffic, referrals or whatever, make sure you track everything you can. Keeping accurate records will ensure that you take proper action whenever the need arises.

The more ways you offer to take payments, the simpler it is for customers to purchase items on your site. If you can do some decent business when you insist on having your customers use credit cards, just imagine how much more you?ll do if you give them other options, like bank account transfers or Paypal.

Use words that inspire consumer confidence, like ?guarantee.? Clients like to know there is no chance to lose money on your product. There are a number of different guarantees you can make on everything from quality to durability to satisfaction. You can try a 90 day guarantee or a lifetime guarantee. Which guarantee you will offer will be subject to the products you are selling.

TIP! Address any complaints personally. You might be tempted, as a busy business owner, to outsource customer service, but you will build much better customer relations if you take care of them yourself.

If you like to use e-mails as one of your primary modes of connecting with your customers, you should ensure that you mix up the information that you provide them with. A block of links that remain the same with every email your customers receive is easy to start ignoring. Variety in the content of your emails will attract reader?s attention and keep them reading.

Consider posting user polls on your website to get feedback on issues important to your market. This will make readers feel included, and it will also help you maintain popular content on your site.

Finding your niche is key to your website and online business. You will have a difficult time selling something to someone that shows absolutely no interest in what you are offering. Customers do online searches for the items that are of the most interest to them and are more likely to buy those items. So before you go rushing to advertise your business to whomever it may concern, make sure you narrow your focus in order to improve the end results.

TIP! You should consider supporting a charity. Choosing one that all of your customers would support, and donating some of your profits, can increase your revenue and credibility.

Finally, remember focus is crucial for Web marketing. As previously stated, take the time to set up everything correctly, so that marketing can help your business. Make use of the advice you have read here to see an increase in traffic, and more importantly, in sales.

Join me on Facebook:
www.facebook.com/maynaseric

Source: http://www.maynaseric.com/maximize-your-affiliate-marketing-with-these-tips

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davidwatson569: Rugby Wagering Tips ? Recreation and Sports

Rugby is one of the few sports that present thrilling exciting action all through. The sport also enjoys commendable representation internationally through world cup championships and continent-based competitions that are held all over the world . In addition , Quite a few people love watching rugby which makes it a good sport to place your wagers on. Nevertheless, you cannot place your bet from the blues and expect to be on the winning side. You need to have some facts in mind before placing your bet. Rugby free picks and betting tips are offered on several sites that will assist you on who to wager on.

One of the most successful ways to evaluate a wise destination of your bet is to evaluate the history of the competing teams. Anyone who has been an avid follower of any international rugby championship can testify that not all top-ranked teams will prevail in their most crucial matches. For instance, New Zealand rugby team which is unanimously considered to be best team in the world has only won the world championships once even though the South African team which is ranked behind it has won the title twice. However, at the early stages, betting for the teams ranked high would be advantageous. Some of these teams include New Zealand, France, South Africa, Wales, England, Scotland, Fiji, Australia and Ireland.

Top rugby players are also a good betting strategy for you and this makes it worth to know the best rugby players in the Diaspora as well as upcoming rugby players. Many of these top rugby players include Brain Driscoll from Ireland, Heinrich Brussow from South Africa, Richie McCaw from New Zealand, Du Preez from South Africa, Dan Carter from New Zealand , Jamie Heaslip from Ireland and Matt Giteau from Australia.

In addition, following rugby action closely will also save you a great deal of time. The best rugby predictions are made with a good amount of updates on the recent injuries that every team is having at hand, you can easily select which team has a better chance of winning the match that you are betting for.


Tags: free picks, rugby predictions

Source: http://recreationandsports.emilie.org/uncategorized/rugby-wagering-tips/

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Source: http://davidwatson569.blogspot.com/2012/12/rugby-wagering-tips-recreation-and.html

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Real Estate Investing with REITs

Real estate can make an interesting addition to almost any portfolio. However, few of us have the large amounts of capital needed to buy a property. And, in the current climate, it can be difficult to get approval for a loan to buy up property. Fortunately, there are alternative investments that allow you to become a real estate investor without having to overcome those two hurdles. One option is to invest in real estate related stocks, and another is to invest in REITs.

commercial real estate

What are REITs?

A Real Estate Investment Trust (REIT) allows you to invest in a variety of real estate related investments. It?s designed to do for real estate what mutual funds do for stocks. However, unlike a mutual fund, a REIT can be listed on a public stock exchange. A REIT can be can be a corporation, an association, or an actual trust. The organization acts as an investment agent.

REITs can hold a variety of investments. They can actually own different types of income-producing property, residential and/or commercial, or even finance real estate transactions. REITs are structured in such a way that they can avoid some income taxes in the United States. In order to qualify, though, a REIT has to distribute at least 90% of its taxable income to investors. This means that the dividends paid out by a REIT can be quite generous. There are private REITs and public REITs. Most ordinary investors are likely to have more success investing in public REITs.

Additionally, it?s possible to diversify your REIT holdings geographically. There are international REITs, as well as domestic REITs. You can look for REITs that specialize in one type of real estate, or choose one that has a variety of different types of real estate. Consider what you think is most likely to provide consistent returns over time.

When choosing a REIT, you want to consider the net asset value, as well as the funds from operations and the adjusted funds from operations. It?s important to carefully consider what you choose in order to get the best possible outcome for your investment.

Advantages of REITs

The biggest advantage of the REIT is that you have the opportunity to add real estate to your investment portfolio without needing a large amount of capital. Additionally, the dividend payout can provide you with a source of income. REITs are also relatively easy to buy and sell on a stock exchange. They are more liquid than actually buying property, and you don?t tie up your money in the same way.

Risks of REITs

As you might imagine, though, there are risks involved with investing in REITs. Because they are tied to real estate, many of them lost a great deal of share value after the financial crisis of 2008. While some are showing signs of recovery, the reality is that there is always the risk of loss. If the real estate market suffers, so does the REIT. If you invest in a REIT that specializes in residential mortgages, and there are a high number of defaults, then your investment loses value.

Additionally, if you rely too heavily on the dividends for income, you might be in trouble if the value drops and the REIT stops making as much money. In some cases, particularly when you invest in a private REIT, you run into the possibility that you might not be able to sell as readily as you would like. Make sure that you understand the liquidity of the REIT before you invest.

Bottom Line

Before you invest, make sure you understand the risks involved, and consider what portion of your portfolio you want in real estate related investments. If you are looking for a way to add a little diversity to your portfolio, with the help of real estate, a REIT can be worth considering. However, carefully think about your risk tolerance, and be sure you understand your target asset allocation. As always, consider your investment goals avoid investing too much in any one asset class.

Photo from Wikimedia Commons.

Source: http://beingfrugal.net/real-estate-investing-with-reits/

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Rice wins Armed Forces Bowl, 33-14 over Air Force

Air Force quarterback Connor Dietz (11) pitches the ball as Rice defensive end Tanner Leland (13) chases during the first half of the Armed Forces Bowl NCAA college football game, Saturday, Dec. 29, 2012, in Fort Worth, Texas. (AP Photo/LM Otero)

Air Force quarterback Connor Dietz (11) pitches the ball as Rice defensive end Tanner Leland (13) chases during the first half of the Armed Forces Bowl NCAA college football game, Saturday, Dec. 29, 2012, in Fort Worth, Texas. (AP Photo/LM Otero)

Air Force running back Mike DeWitt is wrapped up by Rice safeties Paul Porras (24) and Gabe Baker (27) after a gain during the first half of the Armed Forces Bowl NCAA college football game, Saturday, Dec. 29, 2012, in Fort Worth, Texas. . (AP Photo/LM Otero)

Rice quarterback Taylor McHargue is checked on the bench after he left the game with a concussion during the first half of the Armed Forces Bowl NCAA college football game against Air Force, Saturday, Dec. 29, 2012, in Fort Worth, Texas. (AP Photo/LM Otero)

Air Force running back Cody Getz (28) runs against Rice defensive end Jared Williams (97) during the first half of the Armed Forces Bowl NCAA college football game Saturday, Dec. 29, 2012, in Fort Worth, Texas. (AP Photo/LM Otero)

Rice wide receiver Jordan Taylor (15) catches a touchdown pass against Air Force defensive back Chris Miller (3) during the first half of the Armed Forces Bowl NCAA college football game Saturday, Dec. 29, 2012, in Fort Worth, Texas. (AP Photo/LM Otero)

(AP) ? When Rice freshman quarterback Driphus Jackson was suddenly thrust into action in the Armed Forces Bowl, he drove the Owls within 2 yards of a tying touchdown before his errant pitch.

Jackson more than made up for that miscue that ended the first half.

After starter Taylor McHargue was knocked out the game because of a concussion, Jackson threw for 264 yards with two second-half touchdowns to Jordan Taylor, and Rice beat Air Force 33-14 on Saturday.

"I couldn't get down (after the fumble). The guys had all the confidence in the world in me," Jackson said. "Things slowed down for me in the second half."

Rice (7-6), which had to win four in a row just to get bowl eligible, has won both of its bowl games under sixth-year coach David Bailiff. Before their 2008 Texas Bowl victory, the Owls had lost their only four bowl games since winning the 1954 Cotton Bowl.

"This football team has overcome a lot of adversity and really played well down the stretch," Bailiff said. "We had a very motivational talk with our team just before the winning streak, and our coaching staff and players worked hard and kept improving every game."

And this is a Rice team with only seven seniors, three of them tight ends.

The Owls were 1-5 after a loss at Memphis on Oct. 6, and their only loss was 28-24 to Conference USA champion Tulsa.

"We had our ups and downs. To cap it after the start we had, it means the world," said running back Turner Petersen (nine carries for 81 yards).

Air Force (6-7) scored on consecutive drives in the second quarter with backup quarterback Kale Pearson in the game. But the Falcons had a season-low 214 total yards.

Jackson's first series ended with a bad pitch near the goal line only 2 seconds before halftime, when the Owls trailed 14-7. It was the third lost fumble by Rice in the second quarter.

"We didn't make a lot of adjustments at halftime," said Taylor, who had nine catches for 153 yards and three TDs, including a 16-yarder from McHargue in the first quarter. "The coaches just told us to execute and protect the football better than we did in the first half."

Jackson had consecutive completions of 25 and 22 yards before a 2-yard keeper and then a 22-yard TD to Taylor on Rice's opening drive of the second half.

The Owls went ahead to stay, 21-14, when Jackson hit six passes in a row to set up Charles Ross' 2-yard TD run.

"As soon as the starter went out, we knew there were adjustments we had to make," Air Force coach Troy Calhoun said. "We put an enormous amount of strain on our defense. Any time you make only 12 first downs, you're going to tax your defense."

Jackson, who started against Houston when McHargue had a shoulder problem, completed 15 of 21 passes and rushed for 32 yards.

"After having one start under my belt, I knew what to expect," Jackson said. "I had an idea of how to manage the game. They gave me the keys and told me to go."

McHargue never returned after a helmet-to-helmet collision on a 5-yard run with about 5 minutes left in the first half.

He put his head down and ran into defensive back Steffon Batts, and fumbled. McHargue was noticeably wobbly while being helped to the sideline.

The Falcons then went 35 yards in nine plays for a 14-7 lead. Mike DeWitt converted fourth-and-1 with a 2-yard run, and Wes Cobb scored on a 1-yard run.

Jackson then came in for the Owls and had keepers of 5 and 14 yards before a 23-yard pass to Taylor. After another 10-yard pass for first-and-goal from the 2 before Jackson's bad pitch.

McHargue hit 6 of 8 passes for 31 yards. He stood on the sideline after halftime wearing a warmup suit and a cap.

Since the Falcons' last game, senior quarterback Connor Dietz has graduated from the academy and been commissioned as a second lieutenant in the Air Force.

Dietz ran six times for 11 yards and completed only 1 of 3 passes.

Pearson wasn't must better, 2-of-8 passing for 44 yards with six carries for 11 yards. But he was on the field for both of Air Force's scoring drives with a 9-yard TD run

The Falcons have made a school-record six consecutive bowl appearances under Calhoun, but are 2-4 in those games (1-3 in the Armed Forces Bowl). Air Force lost four of its last five games to finish this season.

Chris Boswell made field goals of 24 and 25 yards in the fourth quarter, before Jackson hit Taylor for a 34-yard TD with 1:38 left.

Boswell, who made six field goals of at least 50 yards during the regular season, had apparently made a 52-yarder early in the second quarter before officials blew the whistle for an Air Force timeout. Boswell got another try, but pushed it wide right with about 9 minutes left in the first half.

That's when Pearson took over for Air Force, leading them 66 yards in 10 plays. He had a 15-yard pass and ended the drive with a wide sweeping run to get into the front corner of the end zone to tie the game at 7.

"We really struggled. We had a good second quarter," Calhoun said. "But there's no way you win this game playing well in one quarter."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-12-30-FBC-Armed-Forces-Bowl/id-434c973fd8074a689589326dc4dbc941

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Police: Man suffocated girlfriend after intentional crash

By The Associated Press

MANHEIM, Pa. --?A central Pennsylvania man suffocated his 17-year-old girlfriend by sitting on her head after he intentionally drove into a guardrail at about 100 miles per hour in the middle of the night, authorities said.

Police filed homicide and other charges Friday against Benjamin Daniel Klinger, 19, for the Dec. 4 death of Sammi Heller on an interstate near Manheim. Klinger is accused of crashing on purpose, then killing Heller by sitting on her until she asphyxiated.

"At first glance, this appeared to be simply another tragic vehicle accident," Lancaster County District Attorney Craig Stedman told the Intelligencer Journal/Lancaster New Era. "However, the police worked hand-in-hand with our forensic experts and saw this was far more complicated, sinister and certainly criminal."

A man who answered the telephone at Klinger's Elizabethtown home Thursday said Klinger did not have a lawyer and declined to comment.

Heller, a senior at J.P. McCaskey High School, was described in her obituary as athletic and a lover of motorcycles and horses.

She allegedly told a friend that Klinger previously tried to scare her while driving and that he had threatened to kill them both in a crash. Another witness told detectives that Heller said that Klinger would push Heller into walls and once pushed her down a set of stairs, police alleged.

Heller may have been pregnant, and police fielded conflicting reports about whether Klinger was the father.

A truck driver who came upon the 2 a.m. crash heard Heller screaming and was told by 911 operators not to move the crash victims. When police arrived, Klinger was sitting on top of Heller's head and torso, according to the arrest affidavit.

"Klinger was observed by the officers to be what appeared as 'slipping in and out of consciousness' because he would close his eyes for several seconds, moan, and then reopen his eyes while continuing to be positioned on top of the victim's head and torso while the victim was face down," police wrote.

Based on medical records, investigators later concluded Klinger was feigning being unconscious.

Detectives recovered marijuana, cash, a digital scale, a pipe, pills and a black air pistol from the wreckage.

Klinger was also charged with aggravated assault, drug offenses and driving violations.

Separately, he faces a charge of simple assault for allegedly running over Heller's foot in May and two counts of disseminating explicit sexual materials to a minor for allegedly sending out photos and video of Heller.

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Source: http://usnews.nbcnews.com/_news/2012/12/28/16216382-police-man-suffocated-girlfriend-after-intentional-crash?lite

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A Brief History of China's Music Industry ? Part 3: The Recorded ...

The music industry of China is an unknown continent from a Western music business research perspective. Therefore it is very meritorious that John Fangjun Li, a lecturer and PhD candidate (2008-2012) at Macquarie University, provides one of the first overviews of the history of China?s music industry for an international readership. In a series of four blog contributions he highlights the development of the recorded music industry in more than 100 years from the final period of Imperial China to the current Peoples Republic of China. He gives an overview of the impact of Western major recorded music companies in the first half of the 20th century and of the emergence of serveral state operated but also privately owned Chinese companies after the Great Cultural Revolution (1966-1976) in Shanghai, Guangzhou, Beijing and other large cities. He also highlights the current digital music business in China that has been dominating the recorded music industry since the the mid 2000s.

This part on the Chinese music industry by John Fangjun Li covers the second half of the 20th century after the emergence of the Peoples Republic of China in 1949 over the period of the Great Cultural Revolution (1966-1976), China?s Economic Reform and Opening-up Policy until the current digital music industry in China.


Guest post by John Fangjun Li
The second period of China?s recorded music industry from the 1950s to the early 2000s can be subdivided into shorter periods due to different economy systems before and after 1978. The early years were shaped by the implementation of the planned economy system by establishing the state-owned China Record Corporation, turning a commercial music business into a not-for-profit industry sector, which shaped China?s music industry also during the Great Cultural Revolution (1966-1976) (Li, 2012).

Before China?s Economic Reform and Opening-up Policy (CEROP) in 1978, the China Record Corporation (CRC) was the only music recording industry body in China (Li, 2006). The CRC system consisted of the Beijing headquarter with branches in larger cities such as Shanghai, Guangzhou and Chengdu (Zhang and Wang, 2009; Fang and Wei, 2008).

After 1978 the music industry in China was freed from state restrictions. This enabled the establishment of commercial record companies during the 1980s (Li and Morrow, 2012). The Central Bureau of Broadcasting as the national governmental organization to administer the audio-visual sector loosened the restrictions for operating audio visual businesses in China to develop this sector (Zhang and Wang, 2009).

In the 1980s, most of the profit oriented record companies were successively established in Guangzhou, Shanghai and Beijing such as the ?Guangzhou Pacific Audio Visual Company? (?GPAVC?), the ?Shanghai Audio Visual Company?, the ?Guangzhou New Times Audio Visual Company?, the ?Shanghai Audio Visual Company?, the ?Shanghai Audio Visual Press? (?SAVP?), the ?Audio Visual Press of Chinese Musician Association? and so on (Wang, 2004; Li and Morrow, 2012). The ?GPAVC? was the first local commercial record company established in 1979 (Lun, 1988; Li, 2010; Wang, 1999). These companies greatly influenced China?s recorded music industry particularly during the 1990s (Li and Morrow, 2012; Zhang and Wang, 2009).

From the regional music industry perspective, the recorded music industry in China ran through two periods until the early 2000s. In the first period from the late 1980s to the early 1990s, the ?Guangzhou New Times Audio Visual Company? was one of the first record companies in China that started to sign pop singers with great commercial success (Wang, 2009; Li and Morrow, 2012). In the following, other record companies in Guangzhou such as the ?Guangzhou Pacific Audio-Visual Company?, the ?Guangzhou Company of the China Record Corporation?, the ?White Swan Audio Visual Press?, and the ?Guangdong Audio Visual Press? also signed local pop singers. Guangzhou?s recorded music industry rapidly developed due to the success of this signing policy in this period. Thus, the period from the late 1980s to the early 1990s can be called as ?the Guangzhou Period?.

In the period from the mid-1990s to the early 2000s, the recorded music industry rapidly developed in Shanghai as well as in Beijing while Guangzhou?s recorded music industry started to decline (Li, 1995; Jin, 2002). Shanghai focused on music record publishing and distribution while Beijing focused on music recording (Li, 1995; Li and Morrow, 2012). They, in particular Shanghai recorded music industry, greatly promoted the recorded music industry in this period. The ?Shanghai Audio Visual Press?, ?Shanghai Company of China?s Record Corporation? and ?Shanghai Audio Visual Press? were commonly regarded as the three leading record companies in China during the second half of the 1990s (Li, 1995).

There were also a handful of smaller privately owned music record companies that influenced China?s recorded music industry in the 1990s such as the ?Taihe Rye Company?, the ?Guangdong Meika Company?, the ?Beijing Jindian Audio Visual Company? and the ?Beijing Dadi Music Production Company?. Although they played a role in linking music production/recording and distribution, they had less influence in the recorded music industry compared to those larger record companies such as the ?GPAVC? and the ?SAVP? in this period (Jin, 2002).
References:

Fang, H. and Wei, Y. (2008). China Publishing History. Beijing, China: China Ancient Publishing Press.

Jin, Z. (2002). Experiencing Chinese Popular Music. Beijing, China: People?s Music Publishing House.

Li, F. (1995). China?s Music Recorded Music Industry: Shanghai Landscape Was the Best. Wuhan Evening News.

Li, X. (2006). The History of China?s Cultural Industries. Changsha, China: Hunan Art and Literature Press.

Li, F. (2010). A Study of the Research Activity of China?s Music Industry Since the Reform and Opening-Up and Some Other Related Issues. Huangzhong: Journal of Wuhan Conservatory of Music, (3), pp.12-23.

Li, F. (2011). The Development of China?s Music Industry During the First Half of the 20th Century. NEO, (1).

Li, F. (2012). China?s Music Industry: Evolution, Development and Convergence, PhD thesis at Macquarie University.

Li, F. and Morrow, G. (2012). Strategic Leadership in China?s Music Industry: A Case ?Study of the Shanghai Audio Visual Press. In the book ?Arts Leadership: International Case Studies?. Melbourne, Australia: Tilde University Press. August 2012.

Lou, J. (2008). The study of Shanghai?s Urban Entertainment. Shanghai, China: Wenhui Publishing House.

Lun, Z. (1988). Insist on Win by Quality in the Competition ? The Operating Practice of Guangzhou Pacific Audio-Visual Company.Guangzhou Research, (7).

Wang, J. (1999). The Chinese Recorded Music Industry During 50 Years. China Electronic Information (Visual Audio Expo), (7).

Wang, J. (2006). The Analysis of the State of China?s Audio Visual Industry. ?Publishing Research, (8).

Zhang, L. and Wang J. (2009). China and Foreign Audio Visual Publishing Industry and Related Policy Research. Beijing: China Book Company.
Part 4: The Contemporary Digital Music Industry in China
John Fangjun Li is adjunct lecturer and PhD candidate (2008-2012) at Macquarie University, Sydney, Coordinator of the Australian-Chinese Music Industry Research Network, a member of IASPM (Aus-NZ). Previously he worked in Southern Cross University Australia (assistant researcher), Beijing Institute of Contemporary Music (head of the college of arts management), China Conservatory Music (associate professor), and Shanghai Synergy Cultural & Entertainment Group (music producer and marketing manager). He also obtained masters in arts management in Australia, masters in ethnomusicology, and a bachelor in music education in China. His main research interest areas are music industry, arts management, and creative industries. He published more than ten papers in international core journals and participated in some main international conferences in these areas. John Fangjun Li?s email: lifangjun17@gmail.com

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Source: http://musicbusinessresearch.wordpress.com/2012/12/29/a-brief-history-of-chinas-music-industry-part-3-the-recorded-music-industry-in-china-from-the-1950s-to-the-early-2000s/

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Gazprom, Bauer Comp to Cooperate on CNG ... - LNG World News

Gazprom CNG

?

The Gazprom headquarters hosted a working meeting between Vitaly Markelov, Deputy Chairman of the Company?s Management Committee and Heinz Bauer, owner of BAUER COMP.

During the talks the BAUER COMP experts made proposals regarding organizational arrangements for co-production of compressed natural gas (CNG) filling stations in Russia.

Following the meeting results, the parties agreed to continue consultations on exploring the possible ways of organizing production of CNG filling stations.

Natural gas use as a motor fuel is rapidly expanding around the world and nowadays involves more than 80 countries. The annual increase in gas-powered vehicle fleet averages 26 per cent. The world?s leading vehicle producers turn out more than 80 models of gas-powered cars. The Russian fleet of gas-powered vehicles numbers some 86 thousand units (global vehicle fleet is comprised of some 15 million units).

Today, 243 compressed natural gas (CNG) filling stations are operating in 59 Russian regions, with 208 owned by Gazprom. Besides, a new CNG filling station is being currently built in the Kaliningrad Region.

In 2012, 390 million cubic meters of compressed natural gas are expected to be sold through Russian CNG filling stations, which is 28.4 million cubic meters more than in 2011.

BAUER Compressors produces compressor equipment for CNG filling stations. The BAUER Compressors equipment is installed at the first CNG filling station in the Republic of Gorny Altai.


LNG World News Staff, December 28, 2012; Image: Gazprom

Source: http://www.lngworldnews.com/gazprom-bauer-comp-to-cooperate-on-cng-filling-stations-in-russia/

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Video: Obama optimistic lawmakers can reach a deal

Sorry, Readability was unable to parse this page for content.

Source: http://video.msnbc.msn.com/nightly-news/50315063/

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Stamped Concrete Can Improve Your Homes Curb Appeal | The ...

Improving the look and beauty of your home does not mean that you have to use inferior or expensive materials. In fact, one of the most inexpensive, yet durable building material is stamped concrete. Concrete is well known for being versatile, durable and inexpensive. Plus, it can also be stamped with attractive designs to make it one of the most decorative building materials as well.

Stamped concrete is perfect for decks, patios and flooring both in and outside the home. Here are just a few reasons why you should choose stamped concrete over other common building materials to help improve the look of your house.decorative concrete

Stability

Wooden decks are strong, but concrete is much stronger, allowing it to handle heavy weights such as hot tubs with ease. Unlike wooden decks which can splinter and get hot under sunlight, stamped concrete decks will stay cool and never harm your bare feet. Plus, stamped concrete does not get slippery when wet either.

Maintenance

One of the best reasons to choose stamped concrete is its durability and low maintenance. Wooden decks last roughly fifteen years if you maintain it on a regular basis. That means annual waterproofing and frequent checks of the supporting structure to insure it is not sagging. Plus, insects are very attracted to wood which makes them highly vulnerable to ants, certain variety of bees and most damaging of all, termites.

With stamped concrete decks all you need is the occasional water sealant application every few years and that is it. Insects do not care for concrete at all, plus all you need to do is sweep it occasionally to keep it clean of dirt and debris or you can use the water hose after it has been sealed for a more thorough cleaning effort.

Versatility

Concrete is a very malleable material as well, meaning it is perfect for stamping attractive designs as well as being used in a number of ways around the home. Here are just a few ways that people use stamped concrete both in and outside their home.

-?????? Decks

-?????? Sidewalks

-?????? Driveways

-?????? Patios

-?????? Wrap Around Porches and more

Having attractive designs stamped into concrete can improve the look of your home as well as add your own sense of style. There are literally thousands of designs to choose from which means you can add your own personal touch to common areas around your home. From short walkways to large pool decks and patios, stamped concrete can reflect your own personal taste that runs through how you decorate your own home. Tying together both the inside and outside of your residence.

Price

Concrete is one of the least expensive building materials, being made from common rocks and used for thousands of years in all types of structures. Compared to wood for example, concrete is not only less expensive, it will last for generations with little maintenance.

All in all, if you are thinking about adding a new deck, walkway, wrap around porch or other type of flooring. Then you want to consider stamped concrete as your material of choice.

Decorative Cement Colorado Springs

Decorative Cement Colorado Springs

About the Author: Flat and Fancy, Inc. creates decorative concrete in Colorado Springs, Castle Rock, and the surrounding areas in Colorado. To learn more about stamped and decorative Colorado Springs concrete visit the website.

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Source: http://www.theupperdeck.com/stamped-concrete/

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China cracks down on internet anonymity (Wired UK)

Tighter internet controls have been approved in China which will require web users to register their real names with internet service providers.

Xinhua reports that the decision was approved in order to "ensure internet information security, safeguard the lawful rights and interests of citizens, legal entities or other organizations and safeguard national security and social public interests."

The real name policy will also come into play when signing telephone contracts and signing up to services which allow users to post information in the public domain. In conjunction with the government's requirement that service providers report illegal activity and content to officials, the rules could put an end to anonymous discussion and the ability to voice dissent or disagreement online.

Anonymity online has been a major source of contention in China with various measures being introduced over the last twelve months to restrict the ability to post on microblogs and similar sites under the relative protection of a pseudonym.

The Chinese government is keen to point out the benefits of the new system, saying that it will require service providers to increase their protection of customer data and up their levels of transparency as well as decreasing spam messaging. Penalties for businesses violating the policy include license revocation, enforced website closures and bans from the online business arena.

Image: Shutterstock

Source: http://www.wired.co.uk/news/archive/2012-12/28/china-internet-registration

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শুক্রবার, ২৮ ডিসেম্বর, ২০১২

How You Can Earn Money In Internet Hosting Business | The Floor ...

Currently, domain reselling and net hosting have become exceedingly widely known owing to the improvement on the online world expertise. Even more and a lot more business enterprise are today going using the web which progressively provides the necessity of personal online resources. Products on Web internet hosting are one particular some of the most eminent point that establishes your web presence. Discovering website web hosting reseller?s provider or almost every other isn?t hard at all as now there are various internet based web pages engaged in delivering expert services. With countless reasonably priced packages presented over the internet, you can find likelihood whereby the shoppers have a tendency to find puzzled and make instant completely wrong selections. So, it is always valuable to to begin with know utterly with regard to the provider bundle the service supplier is offering. Cross verify in case the package involves every single distinct program that is definitely majorly needed for the enhancement of your respective websites. There are various things which must be kept in mind though selecting products and services from a business.

Beneath stated are tips and hints and very few concerns which need to be held in mind even though hiring products and services from the proper supplier:

It?s always continuously suggested to rent solutions on Domain Reseller from a provider boasting suitable market place adventure. Be certain that the company possesses a solid quantity of years of go through rather than of few months.

A person will have to be aware of their totally have preferences of world wide web web hosting, as there are various varieties of web hosting like ecommerce Internet hosting, Windows Web hosting, Linux Internet hosting, Reseller Internet hosting and many further. That?s why, an individual should ensure which assistance they are simply wanting forward and whether the services supplier specialist presents one of them or not.

The services supplier needs to boast the potential to supply all-inclusive net internet hosting solutions. Though using the services of Domain name reseller support, 1 need to continue to keep in your mind to recognize in regards to the specialised service tea of the organization. As in case of technical failure, the assist workforce customers would be the ones who will enter into touch with the corporation. Thus, it is really constantly recommended to be certain that the services supplier organization poses an adept crew of technical aid workforce.

One particular really should consider out time to investigate on web for a variety of support companies of domain title registration assistance or website hosting. Scrolling by way of various web pages gives you the right podium to know more details on the provider provider and more make up your mind its trustworthiness. The shopper may perhaps additional make the choice from the support supplier on the basis of the very affordable provider package and reliability on the organization which may be really properly judge by go through in the service supplier.

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How Is Dedicated Internet Hosting Cheaper Than Shared can give you maximum data for Web Hosting Opportunities In Europe.Be sure to head to the blog post for additional info!

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  5. Strive One Internet Hosting In Case Your Hosting Company Is Costing You Too Much Cash

Source: http://www.thefloorgeek.com/2012/12/how-you-can-earn-money-in-internet-hosting-business/

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Economists Dismiss Egypt Bankruptcy Claims as Political

HMAAB8Z4H96HGC2?Egyptian economy in intensive care?, ?Egypt economy is headed towards collapse and complete bankruptcy ?, ?Egyptian economy is in free-fall? and ?Egypt on brink of deep economic crisis? blasted some Egyptian media in the current post-referendum phase of their vicious and desperate campaign, as the country?s credit rating is reduced, with a clear negative impact on investment projects.

The purpose of this treacherous war is to hit the Egyptian economy and stop the wheel of economic development. In fact, the Egyptian economy has witnessed a relatively remarkable improvement, confirmed by a Ministry of Finance report issued in November 2012.

That report reveals an increase in state revenues amounting to 40.3% during the previous five months, to reach 108,5 billion Egyptian Pounds (approximately US$18 billion), compared with 77.4 billion pounds during the same period of the previous year.

Furthermore, tax revenues collected from the Petroleum Authority and the Suez Canal increased by 17.3% and 15.6%, respectively, recording an increase of about 5 billion pounds.

Views of a number of experts affirm the reality of the Egyptian economy. To begin with, financial analyst Mohsen Adel, vice-president of the Egyptian Society for the Study of Finance and Investment confirms that Egypt cannot fall into bankruptcy as some claim. The concept of economic bankruptcy is that the State becomes unable to pay its financial obligations and repay its debts, and its banks file for bankruptcy.

?This is not happening at all. Egypt is not lagging behind on debts inherited from the former regime in the worst economic conditions. The devaluation of the Egyptian pound during the past few weeks is about 1%, which does not represent a threat to the local currency.

?Egypt has a cash reserve and fixed income ? including revenues from the Suez Canal, oil and tourism ? that exceed 15 billion dollars annually.?

Meanwhile, Dr. Rifaat Al-Awadi, professor of economics at Al-Azhar University said, ?The bankruptcy trap fables sung so fervently by political parties and politicized media affiliated with the former regime, with chaos and confusion they create with their baseless rumors, do adversely affect the Egyptian economy and have a negative impact on our relationship with foreign markets and our international relations. They also freeze the economic market at home?.

Further, Mohamed Gouda, member of the Freedom and Justice Party (FJP)?s Economic Committee, points that those promoting the idea of ??bankruptcy in Egypt either talk without sure knowledge or wish to undermine the country?s stability and prosperity.

?The idea of ??bankruptcy is based on the State?s inability to repay its external debt. This does not exist in the case of Egyptian economy. Debt is currently limited to about US$34 billion. Egypt also makes regular repayments on this debt.

?The current crisis in the Egyptian economy is manifest only in an increase in the budget deficit, which is expected to be about 180 billion Egyptian pounds this year. Additionally, public debt has increased to 135 billion Egyptian pounds. All this costs the State 230 billion pounds in external debt premiums and interest. ?

Dr. Gouda stresses that, despite the severity of this crisis, Egypt has the human and material potential and resources that will enable it to achieve a great economic boom in a short period of time. He denied that the Egyptian economy will fall into bankruptcy in the near future.

?Of course, certain parties deliberately seek to mislead public opinion, spreading panic in the Egyptian society. Evidently, the goal of promoting such lies is to terrorize investors to stop investing their money in Egypt.

?In fact, Egypt?s credit rating was reduced 6 times in the past two years, since the revolution. The report on the latest reduction states that the reason for that is the unrest and turmoil in the political arena. This is reassuring, because those causes of chaos will disappear once state institutions are rebuilt and everyone returns to work and production.?

Dr. Gouda further points that as soon as stability is achieved in the political situation, the World Bank loan contract is signed, and political reforms are carried out, Egypt?s credit rating will rise again, which will certainly allow an outlook of optimism for the Egyptian economy, so investment would return and conditions would generally improve without delay.

Related posts:

  1. Egyptian Politician Gouda: Egypt Will Overcome Economic Crisis
  2. 100 US cities risk bankruptcy in 2011
  3. Stockton to become largest US city to declare bankruptcy
  4. ?Dutch economy to shrink in 2013?
  5. US states seek way to file for bankruptcy
  6. Moody?s lowers EU credit rating outlook
  7. Debt crisis jolted West economy in 2011
  8. US default looms as debt talks stall
  9. Escalating aggression on Gaza political bankruptcy
  10. Asia stocks plummet on Wall Street loss, euro slumps on Spain

Source: http://www.islamicinvitationturkey.com/2012/12/28/economists-dismiss-egypt-bankruptcy-claims-as-political/

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Debt limit will be hit just as other fiscal problems reach deadline (Star Tribune)

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Looking Over 'Cliff' (WSJ)

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Yen hits two-year low, Asian shares rise on U.S. fiscal hopes

TOKYO (Reuters) - The yen fell to its lowest level in more than two years on Friday, lifting Japanese stocks to 21-month highs on expectations of drastic monetary easing, while shares in the rest of Asia rose as Washington races to avoid a fiscal crisis.

U.S. President Barack Obama and lawmakers are launching a last round of budget talks before a New Year deadline to reach a deal or watch the economy go off a "fiscal cliff," that economists fear will push the United States back into recession and stamp out fragile signs of recovery elsewhere.

"A big issue is being made of it, but eventually they'll do something to kick the can down the road," said Steven Robinson, senior investment manager at Alleron Investment Management in Sydney.

European shares were seen flat to higher, with financial spreadbetters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open little changed to as much as 0.3 percent higher. U.S. stock futures suggested a steady Wall Street start. <.l><.eu><.n/>

MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.5 percent, hovering around a near 17-month high. It has gained about 18.7 percent this year, a sharp turnaround from an 18 percent plunge in 2011.

Australian shares <.axjo> rode iron ore stocks up to finish at a 19-month high, with a recovery in battered mining shares driving the market to its strongest annual gain since 2009. Hong Kong shares <.hsi> hovered near a 17-month high with a 0.1 percent gain and Shanghai shares <.ssec> jumped 0.8 percent.

Oil prices rose on hopes the United States would resolve the fiscal cliff, easing concerns about weakening demand.

Brent crude was up 0.4 percent to $111.25 a barrel and on course to post a full-year increase of about 3.6 percent, which would be its smallest gain in four years. U.S. crude rose 0.5 percent to $91.30, set for its first yearly loss in four years.

"The U.S. fiscal cliff will continue to direct crude prices until it's resolved," said Natalie Rampono, a commodities analyst at ANZ in Melbourne.

As well as being deadline day for the fiscal cliff, December 31 is the date the federal government is set to reach its $16.4 trillion debt limit. The Treasury will have to take measures to buy time for the government to approve a rise in the debt ceiling.

A similar political stalemate over raising the federal debt limit in the summer of 2011 raised fears over a U.S. default, and prompted Standard & Poor's to strip the U.S. of its top-notch credit rating, causing turmoil in financial markets.

Asian bond issuance jumped to $133.8 billion so far this year, eclipsing the previous year's tally of $76.34 billion, as retail investors stepped up purchases of the region's corporate bond. Those bonds have returned nearly 20 percent this year, outshining Asian equities.

Asset returns in 2012: http://link.reuters.com/nyw85s

Asian 2012 bond issuance: http://r.reuters.com/xyz93t

Japan industrial output: http://link.reuters.com/xyt65s

SE Asia foreign inflows: http://link.reuters.com/byr84t

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JAPAN REMAINS IN FOCUS

Under the leadership of Prime Minister Shinzo Abe, who took office earlier in the week, Japan is speeding up efforts to turn around its economy, battered for decades by its strong currency and persistent deflation.

A survey on Friday showed Japanese manufacturing activity contracted in December at its fastest pace in more than three years while core consumer prices fell last month and industrial output plunged 1.7 percent in November from October.

Abe's repeated calls for "unlimited" monetary easing and policies aimed at reducing the yen's strength have bolstered expectations of a sustained period of yen weakness. This has lifted the mood in Japanese stocks as a weaker yen improves earnings prospects for the country's exporters.

The benchmark Nikkei average <.n225> closed up 0.7 percent at a 21-month high, ending 2012 with the sharpest yearly gain since 2005. Japanese markets will be closed for New Year's holidays and will resume trading on January 4. <.t/>

"The Japanese equity market has turned positive, providing good sentiment for global investors, with many making money and putting the money into commodity markets such as oil market," said Tetsu Emori, a commodity fund manager at Astmax in Tokyo.

The dollar climbed to its highest since August 2010 of 86.64 yen on Friday. The yen is on track for a drop of more than 12 percent this year, its steepest since 2005. The yen also fell to a 17-month low against the euro at 114.675 yen on EBS on Thursday.

The Australian dollar hit a 20-month peak against the yen of around 89.83 yen, according to Reuters data.

The Japanese government will compile spending requests for a stimulus package on January 7 and finalize the proposal shortly thereafter as Abe tries to quickly enact his agenda of increased public works spending to boost the economy.

(Additional reporting by Umesh Desai in Hong Kong, Jessica Jaganathan in Singapore and Victoria Thieberger and Sonali Paul in Melbourne; Editing by Sanjeev Miglani and Eric Meijer)

Source: http://news.yahoo.com/yen-extends-fall-asian-shares-capped-u-fiscal-002858594--finance.html

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