it’s complicated

29 11 2008

 

矛盾





when a good man meets a good woman

28 11 2008

 

hopefully good things will come

hong niangs try their best liao!  leave it to destiny





Cycle Singapore

28 11 2008

http://www.ocbc.cyclesingapore.com.sg/

mi juz signed up tdy after persuading SP to go for 20km instead of 40km

i miss the feeling of wind in my hair as i pass the world on my 2 wheels

if walking clears the mind, cycling frees the spirit !

cycling has always been my fav sport besides canoeing.  i haf very limited sporting genes so reli glad to haf discovered tis 2 sports

come join mi, frens !





all is not lost !

28 11 2008

 

was chatting wif ZY and went to search for my adaptor…when u r looking for something, can nbr find it lor

but guess wat?!   i found my stow of long lost bird nest masks!  they haf been missing for mths and mths…omg!  i m so happy!

and i m dwn to my last sachet of carrefour mint tea for tml.   i’ve been wanting to bring the pompadour mint tea tat HQ got for mi but can’t recall when i placed it after i brought it back from old office

guess wat again?  i juz found it !  it’s all predestined, i won’t haf to go mint tealess on mon!  so happy!

of course finding the adaptor, my luggage locks and shire hell will reali make my day but cannot b so greedy rite?!

things only resurfaced when u r NOT looking for them !





Six new biscuit products contaminated with melamine

28 11 2008

 

actualli mi is not tat overly concerned abt the melamine stained food products.  i mean u gotta eat lotsa lotsa of them to cause serious health probs rite?

in fact when AVA show picts of the contaminated food on news, QQ’s first excited reaction is ” all the food i like !”

happy to hear khong guan and julie may haf the ban lifted next wk

 

27 Nov 2008

 

Six more biscuit products have been found to be contaminated with melamine after the Agri-Food & Veterinary Authority (AVA) completed its testing of all China milk products sold in Singapore.

The six products are Baby Looney Tunes Cream Filled Biscuits Assorted Family Pack, C & OK Vigour 888 Egg & Milk, Khong Guan Mini Burger Biscuit Bulk Pack, Liluo Fruit P.D. Almond Flavour, Potter Potato Chips Pizza and Tom & Jerry Cheese Balls. This brings the total number of affected China milk products to 22.

China has implemented new control measures for milk production and AVA will be sending three officers to China in early December to ensure the measures are implemented on the ground.

Dr Chua Sin Bin, CEO, AVA, said: “Our officers will go to Inner Mongolia, Tianjin and Beijing. These are the areas where the bulk of our milk products come from. They will look at the farms, the milk collecting centre and the milk processing farm.”

Importers will be required to produce a certification of product safety from the Chinese and Malaysian authorities before milk products from these countries are allowed into Singapore.

Even certified products from Malaysia and China will continue to be subjected to a mix of random testing as well as batch testing in the months ahead to ensure that they are safe for consumption.

AVA added that the ban on Julie’s and Khong Guan biscuits from Malaysia could be lifted next week.





BCP when travelling

28 11 2008

 

after tdy’s news of the singaporean being held hostage in mumbai and ppl being stranded in bkk yest, i realised the impt of BCP when travelling

in tis chaotic times we live in, u nbr noe wat kinda emergency u may face in a foreign land

i haf decided to register wif MFA website whenever i m overseas and i encourage all my frens to do the same coz i hope everyone remains safe and sound but will get consular assistance if something unfortunate happens

https://shinedom1.internet.gov.sg/mfa/eregister/ereg.nsf

You can also get the latest travel alert from SOS website

http://www.internationalsos.com/security/home.aspx?LanguageID=ENG&ClientName=International%20SOS%20Online





Thai protesters take second airport as both sides defy army

28 11 2008

 

27 Nov 2008

 

Thai anti-government protesters shut down a second Bangkok airport on Thursday, isolating the capital, as both sides in the dispute defied a call from the army chief to end the turmoil.

Supporters of the People’s Alliance for Democracy (PAD) started massing at the old Don Muang airport late Wednesday, aiming to prevent ministers from flying to Chiang Mai in the north to meet Prime Minister Somchai Wongsawat.

“I authorised Don Muang’s director-general to close the airport from midnight. It is closed indefinitely until normalcy is restored,” Saererat Prasutanond, president of operator Airports of Thailand, told Thai television.

“The two airports that serve Bangkok are completely closed.”

A fresh gunbattle also broke out at a Bangkok protest site a day after an anti-government activist was killed, police said, heightening fears that tensions between rival groups could explode into widespread bloodshed.

Somchai on Wednesday refused to heed pressure from powerful army chief General Anupong Paojinda to dissolve parliament and call elections.

Anupong also ordered protesters to leave Bangkok’s Suvarnabhumi International Airport, which they besieged late Tuesday forcing the airport to suspend flights and leaving 3,000 tourists temporarily trapped inside.

In open defiance of his calls, the protesters instead blockaded Don Muang, which serves a handful of domestic routes. It is also the site of Somchai’s temporary offices, since his own premises were seized by protesters in August.

The PAD launched their campaign to topple the democratically-elected People Power Party (PPP) government six months ago, accusing it of being a puppet of ousted and exiled premier Thaksin Shinawatra, who is banned from politics.

Somchai — Thaksin’s brother-in-law — landed in Chiang Mai on Wednesday evening from Peru, where he had been attending a conference. He has called a cabinet meeting for later Thursday.

The premier has refused to yield to the pressure from the army chief, saying: “My government will preserve democracy.”

The PAD, meanwhile, has vowed to stay at three protest sites — Suvarnabhumi and Don Muang and Somchai’s Government House offices in central Bangkok — until the premier quits.

“The PPP has repeated its slogan of no house dissolution, no resignation. The PAD will repeat our slogan: no pull out and we are not going home,” PAD spokesman Suriyasai Katasila told reporters late Wednesday.

At Suvarnabhumi, thousands of PAD supporters clad in their signature yellow clothes — symbolising support for the revered king — massed outside listening to rousing songs.

Others freshened up for the day in the airport toilets.

Thai television reported that a court ordered the approximately 8,000 PAD supporters to end their occupation of Suvarnabhumi Airport — the 17th busiest in the world — but they appeared entrenched.

Of the 3,000 tourists who were stranded and spent a night sleeping on trolleys and crates, most were evacuated Wednesday afternoon. No passengers were in Don Muang when it was seized.

Also Thursday, provincial police confirmed that a man killed in Chiang Mai on Wednesday was the father of a local PAD leader. The 60-year-old was shot dead when a gun fight erupted between pro- and anti-government groups.

Shooting broke out again early Thursday outside the Government House protest site in Bangkok’s historic district. Emergency services said no one was hurt.

The outbursts of violence between rival groups have raised fears of escalating unrest.

“Certainly there will be bloodshed because protesters have refused to cave in,” said Manit Jitchanklab, a pro-government activist, labelling the PAD “guerrillas”.





Love handles increase death risk: study

27 11 2008

 

Oh my god!  i tink i need to lose some weight

A thick waist almost doubles the risk of premature death, a major European study has found, showing there’s nothing lovely about love handles.

Importantly, the risk is similar even when body mass index (BMI) fell within normal range, according to the authors of the study of 359,000 people aged 51.9 on average, including 65.4 percent women, appearing in Thursday’s issue of the New England Journal of Medicine.

The research found that excess fat stored around the middle of the body was a major health risk even when people are not considered obese or even overweight by statistical BMI standards.

In fact, each five centimetre increase in waist size increased the risk of death by 17 percent in men and 13 percent in women.

“The most important result of our study is the finding that not just being overweight, but also the distribution of body fat, affects the risk of premature death of each individual,” said Tobias Pischon, the lead author of the paper from the German Institute of Human Nutrition in Potsdam-Rehbr�cke.

The data should encourage physicians to routinely measure patients’ waists as well as their BMI on routine office visits, according to the study carried out by the Imperial College London (GB), German Institute for Human Nutrition and other European participants.

“The good news is that you don’t need to take an expensive test and wait ages for the result to assess this aspect of your health – it costs virtually nothing to measure your waist and hip size,” said Elio Riboli, the European coordinator of the EPIC study from the Department of Epidemiology and Public Health at Imperial College London.

“If you have a large waist, you probably need to increase the amount of exercise you do every day, avoid excessive alcohol consumption and improve your diet. This could make a huge difference in reducing your risk of an early death.”





US clears Bank of America deal for Merrill Lynch

27 11 2008

 

27 Nov 2008

 

The Federal Reserve on Wednesday gave formal approval to Bank of America’s acquisition of Merrill Lynch, the Wall Street icon battered by the housing and credit crisis.

The 50-billion-dollar stock acquisition had been announced in September at the same time rival Lehman Brothers collapsed and fears were rising over the survival of Merrill, the brokerage giant with the bull sculpture outside its Wall Street headquarters.

On finalizing the deal, Bank of America would bolster its position as the largest US banking and financial firm with assets of 2.7 trillion dollars.

Bank of America, based in Charlotte, North Carolina, would control deposits of some 852 billion dollars, or 11.9 percent of the US total.

But the Fed said its review along with that of the Department of Justice concluded that the deal would not harm competition, since the two firms have little overlapping banking activity in major markets and Merrill’s main activity is in the brokerage sector.

Merrill Lynch was seeking a lifeline with its shares tumbling some 78 percent over the past year on fears of snowballing losses from the subprime real estate meltdown and global credit squeeze.

Bank of America said it expected to close the deal by the end of the year “pending shareholder and other regulatory approvals.”

“Merrill Lynch is expected to enhance Bank of America’s current strengths by creating a company with the leading position in wealth management as well as in global debt underwriting, global equities and global merger and acquisition advice,” the company said in a statement.

“Combining the leading global wealth management, capital markets and advisory firm with the largest consumer and corporate bank in the US creates the world’s premier financial services company with unrivalled breadth and global reach,” said Bank of America chairman and chief executive Kenneth Lewis.

“This presents a compelling opportunity for our customers and shareholders.”





Gay icon’s life yields lessons after 30 years

27 11 2008

 

27 Nov 2008

 

Early this month, when it looked like same-sex marriage was on the rocks in California, gay rights activists summed up their angst about the upcoming Proposition 8 vote with four wistful words: What would Harvey do?

Harvey was Harvey Milk, the late San Francisco supervisor and subject of “Milk,” the film that opened this week about the pioneering gay politician assassinated along with Mayor George Moscone 30 years ago Thursday.

There are parallels between the gay rights battle of Milk’s time and today. Defeating a ballot measure — a ban on openly gay teachers in public schools — was the apex of Milk’s short career. And now, with passage of California’s ban on gay marriage, activists re-examining Milk’s legacy are questioning whether an outsized political leader could have made the difference this time.

“Harvey Milk came from a politics of real discomfort. There was a righteous rage that was motivating him and the people he was working with,” said Rafael Mandelman, president of a local gay Democratic club renamed for Milk. “Maybe the community got too comfortable.”

Even in Milk’s day, California was the center of a national fight pitting gays seeking expanded rights against conservatives espousing traditional values. In both cases, proponents of the ballot measures warned that schoolchildren would be taught a gay “agenda” if the initiatives failed.

The gay community corralled support from high-profile Democrats — President Jimmy Carter three decades ago and presidential candidate Barack Obama this year — and Republicans alike. In persuading Gov. Arnold Schwarzenegger to come out against Proposition 8, gay leaders reminded him that another actor-turned-politician, Ronald Reagan, opposed the gay teacher ban in 1978.

Milk’s contemporaries say the campaign against the marriage ban lacked a fiery figurehead to challenge gays to demand equality. When he was not debating state Sen. John Briggs, the Orange County lawmaker who sponsored the gay teacher ban, Milk rallied potential volunteers with a cry: “Come out, come out wherever you are!”

The Election Night triumph Milk celebrated 20 days before his death “shows you that an ideal — well-organized and well-articulated — can go a long, long way,” said Tory Hartmann, a Democratic activist in the 1970s. “It just takes one person.”

In contrast, some activists have criticized the No on 8 campaign for being too reactive, failing to mobilize ethnic and churchgoing Democratic voters, and keeping gay couples out of advertisements.

David Mixner, who co-managed the campaign against the teachers ban, said same-sex couples might still have the right to wed in California if today’s leaders had been less polite.

“It wasn’t that Harvey was universally loved back then,” Mixner said. “He was a hard-core player and at times he was difficult to love, but … damn, did I respect him.”

A new generation of activists is using the film’s release as a rallying point. The organizers of the nationwide protests against Proposition 8’s passage held this month are calling on same-sex marriage supporters to fill movie theaters on Dec. 5 to show their financial clout.

Along with “Milk,” the story of the boyish gay martyr who is regarded as the Martin Luther King Jr. of the gay civil rights struggle has inspired documentaries, a Broadway play and namesakes as varied as a New York City high school for gay teenagers and a grove of trees in Israel.

Days before the Nov. 27, 1978, assassinations, county Supervisor Dan White had resigned from the board. He blamed Milk and Moscone when the mayor refused to reappoint him. White, a former police officer, sneaked through a window at City Hall to avoid a metal detector and shot both men.

After a jury convicted White of manslaughter instead of murder, thousands rioted in protest. White served about three years in prison, was released, then committed suicide.

To this day, it remains a matter of dispute whether White targeted Milk because he was gay.

“This had nothing to do with sexual orientation. It had to do with getting back his position,” said U.S. Sen. Dianne Feinstein, who was president of the San Francisco Board of Supervisors in 1978 and replaced Moscone as mayor. “Dan White was a troubled man under a lot of pressure.”

Feinstein found Milk’s body.

The memories are so raw that she is skipping the chance to see herself portrayed in the movie. Feinstein also declined to attend the dedication Tuesday of a job training center on an old Treasure Island military base renamed in Milk’s honor.

House Speaker Nancy Pelosi, former Mayor Willie Brown, U.S. Rep. Barbara Lee and others unveiled a bronze sculpture of Milk outside the building, which is believed to be the first federal structure named for an openly gay person.

After an Army honor guard raised the American flag, Milk’s nephew, Stuart Milk, said the work that his uncle started was far from finished, noting that openly gay people still cannot serve in the military.

“We have rights,” he said. “We just don’t have equal rights.”





Commandos move to free hostages in Mumbai hotels

27 11 2008

 

27 Nov 2008

 

Black-clad Indian commandos moved room-by-room through two massive luxury hotels Thursday in a bid to free dozens of people trapped during attacks by suspected Muslim militants who stormed at least 10 targets in India’s financial capital, killing 104 people.

Dozens of people were being held hostage at the hotels, as well as a nearby Jewish center, by the well-trained and heavily armed gunmen, authorities said. While hostages trickled out of the hotels throughout the day, witnesses said many bodies remained inside and the two-day siege showed few signs of ending quickly.

The attackers had specifically targeted Britons and Americans inside the hotels, witnesses said.

Dozens of people were also apparently still hiding in their hotel rooms, terrified by occasional bursts of gunfire and explosions, as well as fires burning in parts of both hotels, and waiting for authorities to get them to safety.

More than 300 were also wounded in the highly coordinated attacks Wednesday night by bands of gunmen who invaded the two five-star hotels, a popular restaurant, a crowded train station, a Jewish center and at least five other sites, armed with assault rifles, hand grenades and explosives.

After dusk Thursday police brought several hostages out of the Oberoi, one of the city’s best-known five-star hotels.

One man, a who identified himself as a Pole but did not give his name, told reporters he had seen many bodies inside, but refused to give more details, saying he had promised police not to discuss details of the rescue operation.

The Maharashtra state home ministry said 84 people had been freed from the Oberoi — 60 of them hostages — and dozens more were still trapped inside.

Police said they were going slowly to protect the captives.

“The safety of the people trapped is very important,” said A.N. Roy, a senior police officer. “It will take time but it will be completed successfully,” he said.

A previously unknown Islamic militant group claimed responsibility for the carnage, the latest in a series of terror attacks over the past three years that have dented India’s image as an industrious nation galloping toward prosperity.

Among the dead were at least one Australian, a Japanese and a British national, said Pradeep Indulkar, a senior government official of Maharashtra state. An Italian and a German were also killed, according to their foreign ministries.

Police said 104 people were killed and 314 injured. Officials said eight militants were also killed.

The most high-profile target was the Taj Mahal hotel, a landmark of Mumbai luxury since 1903, and a favorite watering hole of the city’s elite.

Police loudspeakers declared a curfew around the hotel Thursday afternoon, and black-clad commandos ran into the building as fresh gunshots rang out from the area. Into the night, brief exchanges of gunfire and explosions could be heard coming from the building.

The attackers, dressed in black shirts and jeans, stormed into the hotel about 9:45 p.m. Wednesday and opened fire indiscriminately.

Dalbir Bains, who runs a lingerie shop in Mumbai, was about to eat a steak by the hotel pool when she heard gunfire. She ran upstairs, taking refuge in the Sea Lounge restaurant with about 50 other people.

They huddled beneath tables in the dark, trying to remain silent as explosions went off.

“We were trying not to draw attention to ourselves,” she said. The group managed to escape before dawn.

The gunmen also seized the Mumbai headquarters of the ultra-orthodox Jewish outreach group Chabad Lubavitch.

Around 10:30 a.m., a woman, child and an Indian cook were seen being led out of the building by police, said one witness.

The child was identified as Moshe Holtzberg, 2, the son of Rabbi Gavriel Noach Holtzberg, the main representative at Chabad house. The child was unharmed, but his clothes were soaked in blood.

Sandra Samuel, 44, the cook who pulled the boy out the building, said she saw Rabbi Holtzberg, his wife Rivka and two other unidentified guests lying on the floor, apparently “unconscious.”

Among those foreigners still held captive in all three buildings were Americans, British, Italians, Swedes, Canadians, Yemenis, New Zealanders, Spaniards, Turks, French, a Singaporean and Israelis.

At least three top Indian police officers — including the chief of the anti-terror squad — were among those killed, said Roy.

Britons and Americans were particularly targeted, witnesses said.

Alex Chamberlain, a British citizen dining at the Oberoi, told reporters that a gunman ushered 30 to 40 people from the restaurant into a stairway and, speaking in Hindi or Urdu, ordered everyone to put up their hands.

The gunmen “stopped once and asked, ‘Where are you from? Any British or American? Show your ID.’ My friend said, ‘Tell them you’re Italian.’ And there I was with my hands up basically thinking I was in a lot of trouble.”

Chamberlain said he managed to slip away as the patrons were forced to walk upstairs.

The United States, Pakistan and other countries condemned the attacks.

In Washington, White House press secretary Dana Perino said the U.S. “will continue to stand with the people of India in this time of tragedy.”

The motive for the onslaught was not immediately clear, but Mumbai has frequently been targeted in terrorist attacks blamed on Islamic extremists, including a series of bombings in July 2006 that killed 187 people.

Magnus Ranstorp, a terrorism specialist with the Swedish National Defense College, said there are “very strong suspicions” that the attacks have a link to al-Qaida.

He said the fact that Britons and Americans were singled out is one indicator, along with the coordination of the attacks.

Later Thursday, the Indian navy said its forces were boarding a cargo vessel suspected of ties to the attacks.

Navy spokesman Capt. Manohar Nambiar said Thursday that the ship, the MV Alpha, had recently come to Mumbai from Karachi, Pakistan.

The navy has “located the ship and now we are in the process of boarding it and searching it,” he said. Earlier, Indian media showed pictures of black and yellow rubber dinghies found by the shore, apparently used by the gunmen to reach the area.

Prime Minister Manmohan Singh blamed “external forces.”

“The well-planned and well-orchestrated attacks, probably with external linkages, were intended to create a sense of panic, by choosing high profile targets and indiscriminately killing foreigners,” he said in address to the nation.

Mumbai, on the western coast of India overlooking the Arabian Sea, is home to Victorian architecture built during the British Raj and is one of the most populated cities in the world with some 18 million crammed into shantytowns, high rises and crumbling mansions.

An Indian media report said a previously unknown group calling itself the Deccan Mujahideen claimed responsibility for the attacks in e-mails to several media outlets. There was no way to verify that claim.

Among the other places attacked was the 19th century Chhatrapati Shivaji railroad station, where gunmen sprayed bullets into the crowded terminal, leaving the floor splattered with blood and corpses.

“They just fired randomly at people and then ran away. In seconds, people fell to the ground,” said Nasim Inam, a witness.

Other gunmen attacked Leopold’s restaurant, a landmark popular with foreigners, and the city’s police headquarters. Gunmen also attacked Cama and Albless Hospital and G.T. Hospital.

India has been wracked by bomb attacks the past three years, which police blame on Muslim militants intent on destabilizing this largely Hindu country. Nearly 700 people have died.

Since May a militant group calling itself the Indian Mujahideen has taken credit for a string of blasts that killed more than 130 people. The most recent was in September, when explosions struck a park and crowded shopping areas in the capital, New Delhi, killing 21 people and wounding about 100.

Relations between Hindus, who make up more than 80 percent of India’s 1 billion population, and Muslims, who make up about 14 percent, have sporadically erupted into bouts





Thai leader declares emergency to clear airports

27 11 2008

 

27th Nov 2008

 

Thailand’s government prepared to crack down Thursday on protesters occupying the capital’s two airports, but vowed to resolve the standoff peacefully.

Prime Minister Somchai Wongsawat declared a state of emergency around the capital’s two main airports, which would allow security forces to oust thousands of anti-government protesters from the terminals.

Somchai accused the protesters of “holding the country hostage and the public hostage.”

“I do not have any intention to hurt any members of the public,” he added, though the imposition of the measures raised the possibility that violent clashes could break out as authorities moved on Suvarnabhumi international airport and the city’s older, smaller Don Muang airport.

The declaration empowers the government to suspend some civil liberties, including restricting the movement of people and prohibiting mass assembly in certain locations.

The People’s Alliance for Democracy, which has been demanding the resignation of Somchai and his government, seized control of Suvarnabhumi international airport on Tuesday, forcing the cancellation of all flights in and out of the capital and sending thousands of tourists to hole up in Bangkok hotels.

The standoff, which began three months ago when the group occupied the prime minister’s office compound, has paralyzed the government, battered the stock market, spooked foreign investors and dealt a serious blow to the tourism industry.

Government Spokesman Nattawut Sai-kua earlier called the seizure of the airports “a terrorist act.”

“The prime minister says we have to use peaceful means,” he said. “(Security officials) will negotiate (with protesters) first and we will go step by step, adhering to international standard and the law.”

The protesters are seeking the resignation of Somchai, whom they accuse of being a proxy for former Prime Minister Thaksin Shinawatra. Thaksin, who is Somchai’s brother-in-law, is in exile, a fugitive from a conviction for violating a conflict of interest law.





Obama girls will do chores in White House

27 11 2008

 

27 Nov 2008

President-elect Barack Obama and his wife, Michelle, said their young daughters will still have to do chores in the White House, including picking up after their new puppy.

Sasha, 7, and Malia, 10, will have to “scoop the poop,” the president-elect said in an interview with Barbara Walters broadcast Wednesday. “We’ve been talking to them about that. We don’t want litter on the White House lawns. They’re going to have to do their job.”

The Obamas long ago promised that the girls could get a dog after the election, but the family has not yet chosen what kind. Walters suggested one like her Havanese named Cha Cha.

The president-elect grimaced and said it sounded like a “little yappy dog,” the type that seems a little “girly.”

“We’re girls, we have a house full of girls,” his wife shot back.

He pledged the family would “have a big, rambunctious dog of some sort.”

Either way, walking the dog and cleaning up its messes will be the girls’ responsibility. The Obamas said the children will also help out around the house.

“That was the first thing I said to some of the staff when I did my visit,” Michelle Obama said. “I said, ‘You know, we’re going to have to set up some boundaries,’ because they’re going to need to be able to make their beds, and clean up.”

The girls, who will be attending the prestigious Sidwell Friends School, also will be expected to do their homework as usual. Although, the president-elect said, Malia has her eye on a special spot to write important papers.

When she came back from her White House visit recently, she told her dad that she plans to work at the desk in the Lincoln bedroom.

Obama, who is known to be an avid reader of Lincoln history, said his daughter told him “I’m going to sit at that desk, because I’m thinking that will inspire big thoughts.”

During the interview, Obama described the desk as being the spot where Lincoln signed the Gettysburg Address. While there is a copy of the address on display in that room, it actually was the Emancipation Proclamation freeing the slaves that Lincoln signed there.

Obama will be sworn in on Jan. 20, and he said he wants to work quickly to make the White House “green.”

The president-elect said he plans to sit down with the chief usher for the presidential mansion and do an evaluation of its energy efficiency.

“Part of what I want to do is to show the American people that it’s not that hard,” Obama said.

Asked whether he’ll be tiptoeing around at night, turning off the lights, Obama said he isn’t going to be obsessive about it.

“But I do that in my current house,” he added, “and there’s no reason why I wouldn’t do it in my next one.”





news

27 11 2008

 

 

mi usually go to yahoo news and start opening many tabs

for some unknown reasons, if i dun touch the lappy for a while, the IE will hang





pacificbookstores

27 11 2008

 

website is dwn!  and i m trying to check my book orders !

cannot believe it

time to shop for assessment books for YY too





Some women unaware of risks of delaying motherhood

26 11 2008

 

i tink starting a family in 20s or 30s/even 40s both have their pros and cons

yes, biologically, a woman’s body is usually more forgiving to childbirth and make a speedier recovery post natal.  but tat is not to say tat an elder woman can’t maintain their body healthily

but career wise and even financially, an elder woman may b better prepared for motherhood.  a lot of it boils dwn to how mentally prepared one is.

 

Many women may not be fully aware of the potential consequences of waiting until later in life to have a baby, a UK study suggests.

The study, of 724 women who were either pregnant or having trouble getting pregnant, found that nearly all were aware that age affects the chances of conceiving. However, they often did not know that older age increases the risk of certain pregnancy complications, and many had too much faith in the success of in-vitro fertilization (IVF).

The decision to delay childbirth is a complex and personal one, the researchers note in a report in the journal Fertility

The point, they say, is that women should be fully aware of all the possible benefits and risks of their decision.

“The results of this and other studies suggest that women should be provided with the appropriate information on the possible outcomes of a decision to delay motherhood,” write Dr. Abha Maheshwari and colleagues at the University of Aberdeen in England.

They analyzed questionnaire responses from 362 women getting prenatal care and 362 women seeking fertility counseling at the university medical center. The researchers found that 85 percent of women with fertility problems and 76 percent of pregnant women were aware that fertility declines between the ages of 30 and 40.

Most women in both groups were also aware that pregnancy complications become more common with age. Still, fewer than half in each group knew that age increases the risk of pregnancy-related diabetes and the need for a cesarean section. Only about one-fifth of each group knew that age boosts the chances of having twins.

When it came to IVF, Maheshwari’s team found that women tended to be overly optimistic about its success rates.

Only 53 percent of women with fertility problems knew that the chances of conceiving via IVF decline between the ages of 30 and 40. What’s more, 85 percent of them thought that fertility treatment can “overcome the effect of age.”

In reality, the researchers note, only 25 percent to 30 percent of women in their 20s and 30s give birth after IVF treatment. Among women older than 40, the success rate is closer to 10 percent.

Yet many people may not realize that IVF frequently fails, Maheshwari’s team writes — possibly because much of what they hear about IVF comes in the form of media stories on older women who have successfully conceived through fertility treatment.

“Many women are currently choosing to delay motherhood in the interests of personal and professional development,” the researchers write. “Although starting a family is a personal preference, free choices cannot be made without full knowledge of their consequences.”





How to stimulate your child at home

26 11 2008

The best thing you can do for your gifted preschooler is provide him with lots of mental challenges at home. Try these tips recommended by gifted experts:

•  If your child speaks in complete sentences, answer in full sentences. He may be frustrated if adults don’t talk with him on his level.

•  Let him play with games intended for older children; he may be bored with activities recommended for his age group.

•  Encourage him to read and read to him; books help children learn new information and think creatively.

•  Provide him with creative art materials such as markers, chalk, big books of newsprint, pipe cleaners, clay, and scraps of fabric to help develop artistic ability.

•  Enroll him in music or dance classes to encourage his non-academic skills.

•  Familiarize him with your local library so that he can be exposed to the wealth of information available to him.

•  Buy early-learning games that teach letters and numbers.





Thai army chief calls for elections

26 11 2008

26 Nov 2008
Thailand’s army commander urged protesters Wednesday to leave Bangkok airport and called for elections to end the country’s political crisis after a day of chaos in which thousands of travelers were stranded.

All flights were canceled and frustrated passengers bused to hotels, as protesters shut down Suvarnabhumi Airport in a major escalation of their four-month campaign to oust the prime minister.

“The government should give the public a chance to decide in a fresh election,” Gen. Anupong Paochinda said at a news conference after meeting with high-level government officials, academics, economists and security officials.

Suriyasai Katasila, a spokesman for the protesters, said the group would not abide by the army chief’s plea to leave the country’s international airport.

“Right now, our demand remains the same. If the government does not quit, we will not quit,” he said.

Prime Minister Somchai Wongsawat returned to Thailand on Wednesday from a summit in Peru, but there was no response from the government to the army chief’s call for new elections.

However, government spokesman Nattawut Sai-gua said, based on the prime minister’s previously stated positions, “it is unlikely he will change his position by resigning or dissolving Parliament.”

He stressed that he had not spoken to the prime minister since Somchai landed.

The protest group, the People’s Alliance for Democracy, known as the PAD, appears intent on forcing the military to intervene and bring down the elected regime.

“We sympathize with the passengers but this is a necessary move to save the nation,” top protest leader Sondhi Limthongkul said on a makeshift stage at the besieged airport amid resounding applause. “If he doesn’t resign, I will not leave.”

By late afternoon, most of the 4,000 travelers, some who had been camped out since the night before, had left, a Thai tourism official said.

That left the protesters, a sea of matching yellow shirts, and they appeared to be settling in for the long haul.

They spread blankets on the floor, used luggage trolleys to carry boxes of water around the sprawling terminal and set up stands selling food and the plastic hand-clappers they use at rallies.

There was no word on when flights might resume. The U.S. Embassy advised Americans to stay away from the airport, while the Philippines and Singapore recommended that nonessential travel to Thailand be canceled.

Tempers frayed at sprawling Suvarnabhumi Airport, a major hub in Asia that averages 700 flights a day.

“I understand nothing, nothing, nothing,” said French tourist Denis Hapard. “We don’t understand what’s happening. We’re really upset.”

Among those stranded were Americans trying to get home for the Thanksgiving holiday on Thursday.

Cheryl Turner, 63, of Scottsdale, Arizona, had asked neighbors to pull an 18-pound turkey from her freezer a day ahead of time to defrost so she could cook it for a traditional Thanksgiving dinner.

“My turkey is sitting in the sink at home,” she said.

Protesters distributed flyers trying to explain their action.

After reading the flyer, Clay Judd, 30, of Jackson Hole, Wyoming, said he didn’t know what to make of the situation.

“For us to be upset because we can’t have a huge turkey dinner — so what?” Judd said, waiting in a crowd inside the terminal to get bused to a hotel.

Support for the protesters has been waning, and the group appears to be edging toward bigger confrontations — involving fewer though more aggressive followers — to challenge the government.

Early Wednesday, assailants threw four explosives at anti-government demonstrators, including one targeting a group about a half-mile (one kilometer) from the airport.

A second was tossed into a crowd of anti-government supporters gathered at the domestic Don Muang airport, injuring three others, police said. Two other explosives were thrown in Bangkok, but no one was injured. It is unclear who staged the attacks.

The bold takeover — carried out while the prime minister was abroad — raised the stakes in a standoff that has seen a spike in violence in recent days and has given the tourism-dependent country a massive black eye.

Airport director Serirat Prasutanont, who had tried to negotiate with the protesters to allow passengers to fly out, said the takeover “damaged Thailand’s reputation and its economy beyond repair.”

The airport, the 18th-busiest in the world, handled over 40 million passengers in 2007.

Demonstrators had swarmed the international airport overnight, breaking through police lines and spilling into the passenger terminal.

Group Capt. Chokchai Saranon, a control tower official, said 50 masked protesters armed with metal rods demanded to enter the control tower Wednesday, seeking the prime minister’s flight schedule. Three were allowed in, but with flights canceled, there were no controllers to provide the information and the protesters eventually left.

The People’s Alliance for Democracy has been trying to topple Somchai, accusing him of being the puppet of a predecessor, billionaire Thaksin Shinawatra, who was convicted of corruption and other charges. The alliance said protesters would keep the airport closed until Somchai quits.

The alliance has staged a number of dramatic actions in recent months. It took over the prime minister’s office in late August and twice blockaded Parliament — one time setting off street battles with police that left two people dead and hundreds injured.

The airport blockade is a fresh blow to Thailand’s $16 billion-a-year tourism industry, already suffering from months of political unrest and the global financial crisis.

“We don’t have an estimate of financial loss, but it is greatly damaging,” said Vijit Naranong, honorary chairman of Tourism Council of Thailand.





ENTP

26 11 2008

 
Click to view my Personality Profile page
 

the last time i took tis test was a different version from the original and i got ENFP

mi got hooked after SP explained he’s INTJ and shared his results writeup wif mi…so interesting!

 

ENTP – The “Originator”

  Jungian Personality Types (Free Test)

ENTPs are logical, innovative, curious and downright inventive. They see possibilities for improvement everywhere and possess the ability to understand complex concepts. ENTPs are introspective and carefree nonconformists. They often neglect the more common areas of life while pursuing new solutions. ENTPs can be good conversationalists and exciting company. 

 

Portrait of an ENTP –

Extraverted iNtuitive Thinking Perceiving

(Extraverted Intuition with Introverted Thi
nking)


The Visionary

As an ENTP, your primary mode of living is focused externally, where you take things in primarily via your intuition. Your secondary mode is internal, where you deal with things rationally and logically.

With Extraverted Intuition dominating their personality, the ENTP’s primary interest in life is understanding the world that they live in. They are constantly absorbing ideas and images about the situations they are presented in their lives. Using their intuition to process this information, they are usually extremely quick and accurate in their ability to size up a situation. With the exception of their ENFP cousin, the ENTP has a deeper understanding of their environment than any of the other types.

This ability to intuitively understand people and situations puts the ENTP at a distinct advantage in their lives. They generally understand things quickly and with great depth. Accordingly, they are quite flexible and adapt well to a wide range of tasks. They are good at most anything that interests them. As they grow and further develop their intuitive abilities and insights, they become very aware of possibilities, and this makes them quite resourceful when solving problems.

ENTPs are idea people. Their perceptive abilities cause them to see possibilities everywhere. They get excited and enthusiastic about their ideas, and are able to spread their enthusiasm to others. In this way, they get the support that they need to fulfill their visions.
 
ENTPs are less interested in developing plans of actions or making decisions than they are in generating possibilities and ideas. Following through on the implementation of an idea is usually a chore to the ENTP. For some ENTPs, this results in the habit of never finishing what they start. The ENTP who has not developed their Thinking process will have problems with jumping enthusiastically from idea to idea, without following through on their plans. The ENTP needs to take care to think through their ideas fully in order to take advantage of them.
 
The ENTP’s auxiliary process of Introverted Thinking drives their decision making process. Although the ENTP is more interested in absorbing information than in making decisions, they are quite rational and logical in reaching conclusions. When they apply Thinking to their Intuitive perceptions, the outcome can be very powerful indeed. A well-developed ENTP is extremely visionary, inventive, and enterprising.
 
ENTPs are fluent conversationalists, mentally quick, and enjoy verbal sparring with others. They love to debate issues, and may even switch sides sometimes just for the love of the debate. When they express their underlying principles, however, they may feel awkward and speak abruptly and intensely.
The ENTP personality type is sometimes referred to the “Lawyer” type. The ENTP “lawyer” quickly and accurately understands a situation, and objectively and logically acts upon the situation.
 
Their Thinking side makes their actions and decisions based on an objective list of rules or laws. If the ENTP was defending someone who had actually committed a crime, they are likely to take advantage of quirks in the law that will get their client off the hook.
 
If they were to actually win the case, they would see their actions as completely fair and proper to the situation, because their actions were lawful. The guilt or innocence of their client would not be as relevant. If this type of reasoning goes uncompletely unchecked by the ENTP, it could result in a character that is perceived by others as unethical or even dishonest.
 
Under stress, the ENTP may lose their ability to generate possibilities, and become obsessed with minor details. These details may seem to be extremely important to the ENTP, but in reality are usually not important to the big picture.

The least developed area for the ENTP is the Sensing-Feeling arena. If the Sensing areas are neglected, the ENTP may tend to not take care of details in their life. If the Feeling part of themself is neglected, the ENTP may not value other people’s input enough, or may become overly harsh and aggressive.

The ENTP, who does not naturally consider the more personal or human element in decision making, should take care to notice the subjective, personal side of situations. This is a potential problem are for ENTPs. Although their logical abilities lend strength and purpose to the ENTP, they may also isolate them from their feelings and from other people.

 
In general, ENTPs are upbeat visionaries. They highly value knowledge, and spend much of their lives seeking a higher understanding. They live in the world of possibilities, and become excited about concepts, challenges and difficulties. When presented with a problem, they’re good at improvising and quickly come up with a creative solution. Creative, clever, curious, and theoretical, ENTPs have a broad range of possibilities in their lives.
 
Jungian functional preference ordering for ENTP:
Dominant: Extraverted Intuition
Auxiliary: Introverted Thinking
Tertiary: Extraverted Feeling
Inferior: Introverted Sensing
 

 

 

 

Both the favoured and disfavoured careers are quite true for mi lor!

ENTP Career Matches

ENTPs are often happy with the following jobs which tend to match well with the Originator/Intellectual personality.

 

        

  • Actor
  • Artist
  • Comedian
  • Computer Analyst
  • Computer Programmer
  • Consultant
  • Designer
  • Engineer   

          

    • Entrepreneur
    • Inventor
    • Journalist
    • Lawyer/Attorney
    • Marketer
    • Musician
    • Photographer
    • Politician
    • Psychiatrist
    • Psychologist
    • Public Relations
    • Sales Representative
    • Scientist
    • Systems Analyst
    • Writer

     

    ENTP

    risk taker, easy going, outgoing, social, open, rule breaker, thrill seeker, life of the party, comfortable in unfamiliar situations, appreciates strangeness, disorganized, adventurous, talented at presentation, aggressive, attention seeking, experience junky, insensitive, adaptable, not easily offended, messy, carefree, dangerous, fearless, careless, emotionally stable, spontaneous, improviser, always joking, player, wild and crazy, dominant, acts without thinking, not into organized religion, pro-weed legalization

     

     

     

     

    favored careers:

    dictator, computer consultant, international spy, tv producer, philosopher, comedian, music performer, it consultant, figher pilot, politician, diplomat, entertainer, game designer, bar owner, freelance writer, creative director, strategist, news anchor, professional skateboarder, airline pilot, comic book artist, college professor, private detective, mechanical engineer, lecturer, ambassador, astronomer, research scientist, judge, web developer, scholar, fbi agent, cia agent, electrical engineer, assassin 

     

    disfavored careers:

    personal assistant, wedding planner, travel agent, secretary, interior decorator, clerical employee, government employee, social worker, pre school teacher, copy editor, child care worker, hospitality worker, occupational therapist, home maker

     





    change

    26 11 2008

     

    i like tis tat i saw on obama’s website before he won the elections…i tink he’s successful coz he has empowered all the ppl to support a cause to bring abt change.  it’s a very inclusive strategy

     

    new-picture





    alcohol and lust

    26 11 2008

    are horses’ bane next yr

    according to ZC, it’s all abt lust

    so guys and girls, control urselves pls





    sheared hair

    26 11 2008

    yes! my hair is so much lighter and in better shape after i sheared off some of the back

    i hate hair to cover the nape of my neck so i req for the back to be layered reli high

    i had to repeat my req a few times but thank goodness i got the result i want in the end

    my worst hair experience was at reds tampines when the female stylist refused to cut my hair the way i want

    the result, i sulked thruout the entire process, was damned unhappy wif my hair and vowed nbr to set foot in tat salon again

    i become emotionally married to my fav stylist and will follow them faithfully

    the stylist who did the bird nest style for mi left immediately after i took a hair package wif the salon @$%&^ so the decision to sign was so wrong! i haf to live out my separation by finishing the package before i can officially divorce tis salon

    den i’ll go back to ratio den i feel the pinch from his prices

    another great perk of working @ raffles place…so convenient for mi to cut hair nw





    Ford, with help from Volvo, tops safe car list

    26 11 2008

    US centric of course…i wonder if there’s a similar list for Singapore

    25 Nov 2008

    The insurance industry named dozens of new cars and trucks, led by Ford Motor Co. and its Volvo subsidiary, to its annual list of the safest vehicles Tuesday, helped by the increased use of anti-rollover technology.

    Ford and Volvo had 16 vehicles in the 2009 model year on the Insurance Institute for Highway Safety’s list of the safest new cars, followed by Honda Motor Co. with 13 vehicles.

    Seventy-two cars, trucks and SUVs received the top safety pick designation for 2009, more than double the number of vehicles in the 2008 model year and three times the number in 2007.

    “The sheer number of this year’s winners indicates that automakers have made huge strides to improve crash protection,” said Institute president Adrian Lund.

    The selected vehicles are the best in protecting people in front, side and rear crash tests based on institute evaluations during the year. The vehicles are required to have electronic stability control, or ESC, to qualify for the award.

    IIHS said electronic stability control is now standard equipment on virtually all new SUVs and three-quarters of passenger cars for the 2009 model year. ESC is standard on more than one-third of 2009 pickups.

    Ford was led by the Ford Fusion and Mercury Milan midsize cars with optional ESC; the Ford F-150 pickup, Ford Edge and Ford Flex midsize sport utility vehicles; and the Ford Escape and Mercury Mariner small SUVs. The list also included the Mazda Tribute, which has the same underpinnings as the Escape and Mariner.

    Ford CEO Alan Mulally argued last week in Washington that the automaker had made safety strides when he testified along with other Big Three executives seeking massive government aid.

    “Every year, we’re going to improve the quality, we’re going to improve the fuel efficiency, we’re going to improve the safety, and we’re going to keep improving the productivity so we can offer the consumer the very best value,” Mulally told a House committee.

    Honda and its Acura unit had vehicles in nearly every category, including top-sellers such as the Honda Accord; the Honda Civic 4-door with optional ESC; and the Acura MDX and RDX midsize SUVs; and the Honda Fit with optional ESC. The Fit is the first mini-car to earn the safety award.

    Volkswagen AG and its Audi brand had nine vehicles on the list, including the Volkswagen Jetta and Passat and the Audi A3, A4 and A6.

    General Motors Corp. and Toyota Motor Corp. both had eight vehicles on the list. GM’s included the Cadillac CTS and the Buick Enclave, Chevrolet Traverse, GMC Acadia and Saturn Outlook large SUVs.

    Toyota’s top performers were the Toyota Corolla with optional ESC, Toyota RAV4, Toyota Tacoma, Toyota Tundra and Scion xB.

    Using the awards, consumers can compare vehicles without having to review results from multiple tests. Automakers pay close attention to the institute’s findings and frequently note positive ratings in television commercials.

    The institute has advocated for an early adoption of anti-rollover technology such as ESC ahead of a government requirement for the systems by the 2012 model year.

    Electronic stability control senses when a driver may lose control and automatically applies brakes to individual wheels to keep the vehicle stable and avoid a rollover. It helps motorists avoid skidding across icy or slick roads or keep control when swerving to avoid an unexpected object in the road.

    IIHS said Chrysler LLC was the only major automaker that did not receive a single award. They said Chrysler could have picked up five awards if the head restraints had been improved in the Dodge Avenger and Chrysler Sebring, the Sebring convertible and the Dodge Grand Caravan and Chrysler Town and Country.

    Chrysler spokesman Cole Quinnell said he could not comment on whether the head restraints might be upgraded in the future. He said Chrysler vehicles are equipped with a variety of safety features and the institute’s results “are just one of the sources of information about a vehicle’s crash performance.”





    Protesters force Thai airport to suspend takeoffs

    26 11 2008

    there seems no end to the civil unrest in bbk. the demostration has been going on for mths! luckily it has been fairly peaceful

    25 Nov 2008

    Opponents and supporters of Thailand’s government clashed with guns, knives and slingshots late Tuesday, in the latest sign that the country’s long-running political crisis may be veering toward open violence in the streets.

    The fighting occurred as anti-government demonstrators were disrupting traffic on another highway on the other side of town, delaying travelers to and from the city’s main airport.

    The clash began when government supporters threw rocks at a truck carrying members of the People’s Alliance for Democracy along a busy highway.

    The alliance members were returning from a rally at Don Muang airport, which they had been besieging since Monday in an effort to stop the government from meeting there. The prime minister’s office, where meetings are normally held, has been occupied by the protesters since late August.

    The members of the anti-government alliance — wearing yellow arm bands and camouflage clothing — responded by firing slingshots and a half-dozen shots with two pistols from their truck, according to footage shown on Thai PBS television.

    They also hoisted a portrait of King Bhumibol Adulyadej, Thailand’s revered monarch, whose interests they claim to be working for.

    The footage showed the alliance supporters surrounding a motorcycle taxi driver and putting a knife to his throat. After the driver fled, the protesters battered several motorbikes with steel rods and set fire to another one.

    The clash was the second time in recent months that the two sides have fought and marks the first major violence since Oct. 7, when street battles with police and anti-government forces left two people dead and hundreds wounded.

    In a Sept. 2 clash between the two sides, a government supporter was beaten to death, while two alliance members were killed last week in grenade attacks.

    The rivals are fairly easy to distinguish, since the protest alliance favors yellow shirts and their rivals red ones. Some of the government supporters seen fleeing were wearing red shirts.

    Police Col. Piyapong Ponvanich said 11 people were wounded in the clash, most of them government supporters, some with gunshot wounds.

    Government spokesman Nattawut Sai-gua said authorities would beef up security, but that it was premature to talk about declaring a state of emergency.

    “The police have beefed up security all over the city after what happened. They have set up 53 checkpoints on the streets of Bangkok in case of more chaos of this nature on the street. The situation is still under control,” he said.

    The pro-government crowd appeared to be members of a loose association of taxi and motorcycle drivers who support the government and are supporters of former Prime Minister Thaksin Shinawatra.

    Protesters elsewhere used trucks to block part of the expressway to Thailand’s main international airport, tying up traffic ahead of the planned Wednesday return by Prime Minister Somchai Wongsawat from Peru, where he attended a summit of Pacific Rim leaders.

    They have blocked all but one lane of the road to the airport, the main hub for millions of tourists who visit Southeast Asia.

    The alliance opposes Somchai’s government because it considers it to be a puppet of Thaksin, who was accused of corruption and abuse of power and deposed in a September 2006 military coup.

    Tuesday’s clash came a day after thousands of anti-government supporters besieged Parliament and then Don Muang airport in a bid to shut down the government.

    On Monday, police yielded as demonstrators pushed past them, even though the protesters sometimes showered them with expletives in an apparent effort to provoke a violent response to discredit the authorities.

    The government evidently sought to turn the tables on the protesters, who in past actions managed to attract public sympathy with claims of police brutality.

    Protesters seeking Somchai’s resignation have occupied his Bangkok headquarters, known as Government House, since Aug. 26, forcing him to relocate to a makeshift office in the VIP area of the former international airport at Don Muang.

    A strike called by state enterprise unions to disrupt air, road and rail service in support of the protest fizzled — the second time unionists have failed to deliver on promises of a crippling work stoppage.

    Thailand’s political crisis began in 2006, when a similar campaign against Thaksin led to a him being deposed by the coup. But further efforts to cripple Thaksin’s political machine failed, and his allies won a December 2007 election.

    The alliance then resumed its street protests and finally stormed Government House in August, vowing not to leave until they have forced Thaksin’s allies from power. They accuse Somchai of acting as a proxy for Thaksin, who is his brother-in-law.

    Thailand’s economy, already struggling amid the global downturn, has been hit hard by the political turmoil. The state planning agency said Monday it grew at its slowest pace in more than three years this past quarter.





    Why hijack a plane when you can seize a supertanker?

    26 11 2008

    i still find the pirates new incredible

    25 Nov 2008

    When pirates armed with little more than AK-47s and rope ladders seized a supertanker last week, they showed how simple it is to storm a ship — a vulnerability that al Qaeda could exploit to attack the global economy.

    Security analysts say the ease with which Somali pirates have captured a huge range of vessels illustrates how much more at risk global shipping is to terrorist attack than the airline industry, which massively improved security after September 2001.

    Al Qaeda has launched or planned several seaborne attacks in the past decade — notably the suicide bombing of the USS Cole in 2000, which killed 17 American sailors, and a similar attack two years later on the French supertanker Limburg, which killed one crewman and spilled 90,000 barrels of oil into the Gulf of Aden.

    “There had been an argument that terrorist groups don’t have the nautical skills required to capture a ship. But the Somali experience shows you don’t need a high degree of skills,” said Ian Storey, a fellow at Singapore’s Institute of Southeast Asian Studies and an expert on piracy. “It shows how easy it can be.”

    It’s a lesson al Qaeda had already learned. After the Limburg bombing it issued a statement boasting that a major vessel had been crippled by a low-tech attack:

    “If a boat which didn’t even cost $1,000 managed to devastate an oil tanker … imagine the extent of the danger that threatens the West’s commercial lifeline, which is petroleum.”

    Peter Chalk, a terrorism-risk analyst at the Rand Corporation think tank, said in a report on piracy and terrorism in June that “there has been a modest yet highly discernable spike in high-profile terrorist incidents at sea over the past six years.”

    FLOATING BOMB

    A captured ship could either be held for ransom to boost the coffers of terrorist groups or turned into a floating bomb that could devastate a port. Governments have been aware of the threat for years but analysts say little has been done to deal with it.

    “Many of the vulnerabilities that have encouraged a higher rate of pirate attacks also apply to terrorism, including inadequate coastal surveillance, lax port security, a profusion of targets, the overwhelming dependence of maritime trade on passage through congested chokepoints … and an increased tendency to staff vessels with skeleton crews,” Chalk said.

    “These gaps and weaknesses provide extremists with an opportunity to move, hide and strike in a manner that is not possible in a terrestrial theater.”

    Shipping stocks have already been battered by the impact of the global financial crisis on international trade and demand for commodities. Many are trading at distressed-asset levels.

    Geoffrey Cheng, analyst at Daiwa Institute of Research, said insurance companies had raised premiums by 12-15 percent this year. With many shipping firms already operating at a loss, he said “they are actually burning money now.”

    A terrorist attack on shipping would further raise insurance premiums. The impact of Somali piracy on premiums shows the extent to which costs can suddenly spike — corporate security firm BGN Risk estimates the special risks insurance levy for crossing the Gulf of Aden has leapt to $20,000 per vessel per transit from $500.

    And an attack aimed at shutting down a major port such as Singapore or disrupting a key shipping lane like the Strait of Hormuz, through which as much as 40 percent of the world’s traded oil passes, could do real economic damage.

    The Limburg attack led to a tripling of war risks premiums levied on ships calling at Aden, resulting in a 93 percent drop in container terminal throughput there.

    MASS Destabilization

    “Maritime attacks offer terrorists an alternate means of causing mass economic destabilization,” Chalk said.

    “Disrupting the mechanics of the global ‘just enough, just in time’ cargo freight trading system could potentially trigger vast and cascading fiscal effects, especially if the operations of a major commercial port were curtailed.”

    There is debate on how effective a floating bomb would be.

    “The jury is still out on the doomsday scenarios,” Storey said. While some analysts have said ships carrying crude oil or liquefied natural gas (LNG) could be captured and detonated, Storey noted that crude is not very flammable and LNG carriers are robustly constructed and include significant safety features.

    Ships carrying ammonium nitrate are a bigger concern — the fertilizer is highly explosive when mixed with fuel oil and was used in the Oklahoma City and Bali bombings.

    When a fire detonated around 2,300 tons of ammonium nitrate aboard a vessel in Texas City’s port in 1947, the blast caused a 5-meter tidal wave that swept through the town. At least 567 people were killed and more than 5,000 injured. Hundreds of homes were destroyed and two small planes were blown out of the sky.

    It was the worst industrial accident in U.S. history.

    Analysts have long warned of the danger that pirate groups and terrorist organizations could join forces, increasing the risk of major seaborne attacks. The al Qaeda-linked Abu Sayyaf group killed more than 100 people in the bombing of a ferry in Manila Bay in 2004, the deadliest ever militant maritime attack.

    But Chalk and Storey both said fears of a tactical nexus emerging between pirates and extremist groups were overstated.

    “The presumed convergence between maritime terrorism and piracy remains highly questionable,” Chalk said. “To date, there has been no credible evidence to support speculation about such a nexus emerging. Just as importantly, the objectives of the two actors remain entirely distinct.”





    Yesterday- by the Broke Beatles

    26 11 2008

    Yesterday,

    All these crises seemed so far away,

    Now it looks as though they’re here to stay Oh, I was rich just yesterday.

    Suddenly,

    Value’s half the price it used to be,

    With the Hang Seng falling constantly,

    Oh, yesterday I was wealthy.

    Why the bubble burst, I don’t know,

    Leverage, they say.

    Should I go short or long?

    It’s gone wrong whichever way- ay- ay -ay

    Yesterday,

    It was such an easy game to play,

    Now I need a loan to pay my way,

    Oh interest rates, please drop today.





    Britain begins national identity card plan

    26 11 2008

    25th Nov 2008

    LONDON – Britain has begun a national identity card plan for some foreign nationals in an attempt to combat terrorism and identity fraud.

    Opponents say it represents a costly erosion of civil liberties. The program has been debated heatedly for several years.

    The cards are expected to store biometric data and information about the cardholder’s nationality and work eligibility.

    The first group to receive the new cards will be foreign students and permanent residents’ spouses who apply for visa renewals.

    Officials expect more than 50,000 cards to be issued in the next four months and that the program will be expanded in coming years.

    Officials say the application process opened Tuesday morning .





    i m so jealous

    26 11 2008

    of YY’s long lashes

    and QQ’s seem to have grown longer

    was flipping cleo at the salon and so many ads for mascara

    luv the effect but hate the smudging and removal afterwards

    so tempted by the fiber wig one from sasa and the new maybelline curl one

    wat i m too lazy to do is to plant fake lashes but i tink it’ll b cool if i learn how to stick on some fake ones

    *BLINK*





    Venezuela’s Chavez welcomes Russian warships

    25 11 2008

    when i was little, USSR was the biggest country in the world not USA

    25th Nov 2008

    Venezuela – Russian warships arrived in Venezuela Tuesday in a show of strength aimed at the United States as Moscow seeks to expand its influence in Latin America.

    Venezuelan sailors fired off cannons in a 21-gun salute as the destroyer Admiral Chabanenko docked in La Guaira, near Caracas. Russians sailors dressed in black-and-white uniforms lined up along the bow.

    The deployment is the first of its kind in the Caribbean since the Cold War and was timed to coincide with President Dmitry Medvedev’s visit to Caracas — the first ever by a Russian president. Venezuelan President Hugo Chavez has eagerly welcomed the ships, basking in the support of a powerful ally and traditional U.S. rival.

    Chavez wants Russian help to build a nuclear reactor, invest in oil and natural gas projects and bolster his leftist movement’s effort to limit U.S. influence in Latin America.

    Chavez also wants weapons — he has bought more than $4 billion in Russian arms, including Sukhoi fighter jets, helicopters and 100,000 Kalashnikov rifles, and more deals for Russian tanks or other weaponry may be discussed after Medvedev arrives Wednesday.

    Russia’s deployment of the naval squadron — the behemoth flagship Peter the Great, the missile destroyer and two support vessels — is widely seen as a demonstration of Kremlin anger over the U.S. decision to send warships to deliver aid to Georgia after its battles with Russia, and U.S. plans for a European missile-defense system.

    But Bush administration officials mocked the show of force.

    “Are they accompanied by tugboats this time?” U.S. State Department spokesman Sean McCormack joked to reporters in Washington. He noted that Russia’s navy is but a shadow of its Soviet-era fleet, and reasserted U.S. dominance in Latin America.

    “I don’t think there’s any question about … who the region looks to in terms of political, economic, diplomatic and as well as military power,” McCormack said. “If the Venezuelans and the Russians want to have, you know, a military exercise, that’s fine. But we’ll obviously be watching it very closely.”

    Venezuelan sailors stood at attention along the pier where the destroyer docked, while another support ship was visible nearby. The Peter the Great remained out of sight; the largest ship in the Russian fleet, it was expected to anchor offshore due to its size.

    When Russia sent two strategic bombers to Venezuela in September, some drew comparisons to the Soviet Union’s deployments to Cuba during the Cold War.

    But both countries have also shown signs of trying to engage President-elect Barack Obama.

    And Chavez told reporters that it’s ludicrous to invoke the Cold War to describe the naval exercises beginning Dec. 1.

    “It’s not a provocation. It’s an exchange between two free countries,” Chavez said.

    Russia’s ambitions to make inroads in Latin America may be checked by global events. Both Venezuela and Russia are feeling the pinch of slumping oil prices, and their ability to be major benefactors for like-minded leaders is in doubt given the pressures of the world’s financial crisis.

    The maneuvers starting Dec. 1 “should be viewed largely as a propaganda exercise,” said Anna Gilmour, an analyst at Jane’s Intelligence Review.

    “Pragmatic Russian policy suggests that it will content itself with a brief high-profile visit, rather than a longer-term deployment that could cause severe tensions with the U.S., at a time when Russia may be looking to re-engage with the new administration,” she said.

    Next week, the warships will participate in “very simple, routine exercises,” Gen. Jesus Gonzalez said, enabling sailors to practice reconnaissance, patrol, anti-terrorism and search and rescue operations.

    Medvedev’s tour this week to Peru, Brazil, Venezuela and Cuba was planned before the financial crisis, and Russia must now downsize its ambitions in Latin America because its pockets are no longer so deep, said Fyodor Lukyanov, the editor of Russia in Global Affairs Magazine.

    “Russia will have to put off big projects like the construction of a gas pipeline across South America,” Lukyanov said. The proposed natural gas pipeline is Chavez’s brainchild, a controversial and ambitious plan for which he has explored Russian investment.

    But Russia still has an economic interest in selling more weapons and boosting business in Latin America, and Venezuela can help “open the doors,” noted Venezuelan political scientist Ricardo Sucre Heredia.

    “It’s a win-win relationship for the two countries,” Sucre said. “Russia gains in terms of its international power and its presence, and Venezuela gains in terms of having an ally.”





    shire hell

    25 11 2008

    is still missing

    and i m paying fine everyday…when is the point i decide to own up to NLB and pay for the bk





    things i wana eat

    25 11 2008

    all LJ’s fault for showing mi the link wif so many picts

    i can’t wait to go hk & macau again…for the food !

    Tai Cheong Cake Shop
    Yee Shun Milk Company
    Several locations: Pilkem Street, Percival Street and Lockhart Street in Causeway Bay (exit C at the Causeway Bay MTR, turn right)





    Standard Chartered to raise $2.66 billion in rights issue

    25 11 2008

    Tuesday, November 25, 2008

    British-based Standard Chartered bank said Monday it plans to raise 1.78 billion pounds (2.66 billion US dollars) in a rights issue to better position itself during the global financial turmoil.

    The bank said its largest shareholder, Singapore sovereign wealth fund Temasek Holdings, intends to take up the offer and is also participating in underwriting the issue.

    “The rights issue addresses the shift in investor expectations toward higher capital levels, reinforces the strength of the balance sheet during this turbulent period and will give Standard Chartered the flexibility to take advantage of the opportunities emerging from the current environment,” the bank said in a statement.

    Standard Chartered, which is listed in Hong Kong and London, said it plans to issue more than 470 million new ordinary shares on the basis of 30 new shares for every 91 existing ones.

    They will be priced at 390 pence each, a discount of 48.7 percent on the stock’s closing price last Friday, the bank said. In Hong Kong the issue price will be 45.11 Hong Kong dollars (5.82 US).

    The bank says more than 90 percent of its operating income and profits come from Asia, Africa and the Middle East — a strategy which has allowed it to make “good progress” this year despite a global economic crisis which has led to government bailouts of other financial institutions.

    Standard Chartered said it achieved record results in the six months to June 30, and is strongly liquid and well capitalised.

    “Despite the extraordinary events of the last few months, which have left no major financial institution unaffected, the financial performance and asset quality of the group remain strong,” the bank said, adding that economic growth in its core markets is clearly easing as a result of the global financial crisis and sharp economic slowdown in the West.

    “However, although these economies are not immune to the challenges and uncertainties emerging from the global financial crisis, in general their economic and financial fundamentals are resilient and their near-term economic growth rates appear likely to remain well above those of markets in the West,” it said.

    Over the long term, the core markets remain very attractive given their high levels of foreign exchange reserves, high savings rates, low levels of leverage, resilient domestic demand and positive demographics, it added.

    “Following the rights issue, the group will be in an even better position to weather the economic uncertainties and take advantage of the opportunities emerging from the current turmoil in financial services,” it said.

    In the current economic environment, investors have a greater focus on core equity capital and a general preference for higher levels of capital, it said.

    “Through this rights issue, the group can respond to these changes in market expectations, further strengthening its capital position and giving greater resilience and flexibility,” it said.

    “Raising further equity capital will enable Standard Chartered to continue to build on its existing very successful strategy.”

    A spokesman for Temasek, which has a stake of about 19 percent in Standard Chartered, declined to comment in Singapore.





    i m suffering

    25 11 2008

    from empty nest syndrome…miss their bickering and QQ & YY saying good nite mum





    Government plans massive Citigroup rescue effort

    25 11 2008

    suddenly it feels like 2008 is the yr we watch historical events unfold in front of our eyes

    24 nov, 2008

    Citigroup rescue includes $20B cash injection, guarantee on billions in assets

    Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company.

    Regulators hope the dramatic action will bolster badly shaken confidence in the once-mighty banking giant as well as the nation’s financial system, a goal that so far has been elusive despite a flurry of government interventions to battle the worst global crisis since the 1930s.

    Wall Street appeared encouraged as stock futures moved higher ahead of the market opening in New York. Dow Jones industrial average futures rose almost 2 percent. Stock markets in Britain and Germany gained more than 4 percent in afternoon trading. Citigroup shares themselves climbed 44 percent to $5.64 in premarket trading.

    “If they didn’t help, the damage would be beyond imagination,” said Teck-Kin Suan, economist at United Overseas Bank in Singapore.

    The action, announced late Sunday by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp., is aimed at shoring up a huge financial institution whose collapse would wreak havoc on the already fragile financial system and the U.S. economy.

    “With these transactions, the U.S. government is taking the actions necessary to strengthen the financial system and protect U.S. taxpayers and the U.S. economy,” the three agencies said in a joint statement. “We will continue to use all of our resources to preserve the strength of our banking institutions, and promote the process of repair and recovery and to manage risks.”

    Analysts said a Citigroup failure would have seized up still fragile lending markets and caused untold losses among institutions holding debt and financial products backed by the company.

    “It would create chaos,” said Winson Fong, managing director at SG Asset Management in Hong Kong, which oversees about $3 billion in equities in Asia. “Simply put, you couldn’t borrow or lend for a while. This is a nightmare scenario.”

    The bold move is the latest in a string of high-profile government bailout efforts. The Fed in March provided financial backing to JPMorgan Chase’s buyout of ailing Bear Stearns. Six months later, the government was forced to take over mortgage giants Fannie Mae and Freddie Mac and throw a financial lifeline — which was recently rejiggered — to insurer American International Group.

    Critics worry the actions could put billions of taxpayers’ dollars in jeopardy and encourage financial companies to take excessive risk on the belief that the government will bail them out of their messes.

    The Citigroup rescue came after a weekend of marathon discussions led by Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke. Timothy Geithner, president of the Federal Reserve Bank of New York, who is being tapped by President-elect Barack Obama as his Treasury chief also participated.

    Vikram S. Pandit, Citi’s chief executive officer, welcomed the action. “We appreciate the tremendous effort by the government to assure market stability,” he said in a statement issued early Monday.

    The $20 billion cash injection by the Treasury Department will come from the $700 billion financial bailout package. The capital infusion follows an earlier one — of $25 billion — in Citigroup in which the government also received an ownership stake.

    As part of the plan, Treasury and the FDIC will guarantee against the “possibility of unusually large losses” on up to $306 billion of risky loans and securities backed by commercial and residential mortgages.

    Under the loss-sharing arrangement, Citigroup Inc. will assume the first $29 billion in losses on the risky pool of assets. Beyond that amount, the government would absorb 90 percent of the remaining losses, and Citigroup 10 percent. Money from the $700 billion bailout and funds from the FDIC would cover the government’s portion of potential losses. The Federal Reserve would finance the remaining assets with a loan to Citigroup.

    In exchange for the guarantees, the government will get $7 billion in preferred shares of Citigroup. In addition, Citi said it will issue warrants to the U.S. Treasury and the FDIC for approximately 254 million shares of the company’s common stock at a strike price of $10.61.

    As a condition of the rescue, Citigroup is barred from paying quarterly dividends to shareholders of more than 1 cent a share for three years unless the company obtains consent from the three federal agencies. The bank is currently paying a dividend of 16 cents, halved from a 32-cent payout in the previous quarter. The agreement also places restrictions on executive compensation, including bonuses.

    Importantly, the agreement calls on Citigroup to take steps to help distressed homeowners.

    Specifically, Citigroup will modify mortgages to help people avoid foreclosure along the lines of an FDIC plan that was put into effect at IndyMac Bank, a major failed savings and loan based in Pasadena, Calif.

    Under the IndyMac plan, struggling home borrowers pay interest rates of about three percent for five years. Rates are reduced so that borrowers aren’t paying more than 38 percent of their pretax income on housing.

    The IndyMac plan also was used as a model for a new program by mortgage finance companies Fannie Mae and Freddie Mac and for two other failed thrifts taken over by the government on Friday. FDIC Chairman Sheila Bair has been pressing Treasury to use $24 billion from the $700 billion bailout program to put the mortgage modification program on national footing, but Paulson is opposed to that idea.

    Citigroup has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup’s balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.

    Citigroup is such a large, interconnected player in the financial system that it is seen by Washington policymakers as too big to fail. The company has operations stretching around the globe in more than 100 countries.

    Analysts consider Citigroup the most vulnerable among the major U.S. banks — especially after it failed to nab Wachovia Corp., which was bought instead by Wells Fargo & Co. That was a missed opportunity for Citi to gets its hands on much-needed U.S. deposits that would bolster its cash position.

    Citigroup was especially hard hit by the meltdown in risky, subprime mortgages made to people with tarnished credit or low incomes. Foreclosures on those mortgages spiked, leaving Citi and other financial companies wracking up huge losses on the soured investments. The company has failed to turn a profit during the past four quarters and has announced plans to slash thousands of jobs.





    The Terminal 2 Japanese man makes airport home

    25 11 2008

    MEXICO CITY – Hiroshi Nohara is on a layover at the Mexico City airport. It has lasted almost three months, and he has no plans to leave.

    For reasons he can’t explain, the Japanese man has been in Terminal 1 of the Benito Juarez International Airport since Sept. 2, surviving off donations from fast-food restaurants and passengers and sleeping in a chair.

    At first, he frightened passengers, and airport authorities asked the Japanese Embassy to investigate why the foul-smelling man refused to leave. Now, he’s somewhat of a celebrity, capturing Mexico’s collective imagination with nearly daily television news reports on his life at the food court.

    Tourists stop to pose with him for photographs or get an autograph.

    The Tokyo native flew into Mexico with a tourist visa and a return ticket home, but he never left the airport. In an interview Thursday alongside the airport McDonald’s, he said he had no motive for his extended stay and doesn’t know how much longer he’ll remain.

    “I don’t understand why I’m here,” he said through a visiting interpreter originally hired by a television station. “I don’t have a reason.”

    The embassy can’t force him to leave, and since Nohara’s visa is valid all Mexican officials can do it wait for it to expire in early March.

    During his stay, Nohara’s wiry goatee has grown into a scraggly mass. His red-tinted hair is speckled with dust and dandruff, and his cream-colored jacket and fleece blanket are dingy with overuse. He smells like he hasn’t had a shower in months.

    “He’s a calm person, a nice man,” said Silvia Navarrete del Toro, an airport janitor. “He just sits here and eats all day.”

    Various stalls in the food court give Nohara free snacks and drinks, sometimes even throwing in hats or coffee mugs with store logos to get free publicity during his frequent television appearances.

    Strangers often buy him pastries or hamburgers; he prefers the latter.

    He sits with the interpreter, talking and laughing for hours, at a small table covered with cups of cold coffee, packets of ketchup and sandwiches wrapped in foil.

    Stroking his facial hair, Nohara said the 2004 film “The Terminal,” starring Tom Hanks as an Eastern European man stuck in a New York City airport, was not his inspiration. But he acknowledged the similarities.

    “My life,” he joked, “is ‘The Terminal 2.’”

     





    Dr Pepper to deliver on its free-soda promise

    25 11 2008

    i luv dr pepper ! almond flavoured coke…slurp!

    20 nov, 2008

    Dr Pepper is making good on its promise of free soda now that the release of Guns N’ Roses’ “Chinese Democracy” is a reality.

    The soft-drink maker said in March that it would give a free soda to everyone in America if the album dropped in 2008. “Chinese Democracy,” infamously delayed since recording began in 1994, goes on sale Sunday.

    “We never thought this day would come,” Tony Jacobs, Dr Pepper’s vice president of marketing, said in a statement. “But now that it’s here, all we can say is: The Dr Pepper’s on us.”

    Beginning Sunday at 12:01 a.m., coupons for a free 20-ounce soda will be available for 24 hours on Dr Pepper’s Web site. They’ll be honored until Feb. 28.

    Dr Pepper is owned by Dr Pepper Snapple Group, Inc.





    肥了

    25 11 2008

     

    越来越肥, 快变猪了!

    better den b diligent wif all my slimming creams

    no, i won’t cut dwn on food but i can try to move abit more aka exercise





    香港味道

    24 11 2008

     

    i luv tis program.  so well produced…it’s not juz abt the traditional taste but also touches on the history of hk and how the masters’ live are intertwined wif their traditional craft.

    each episode is worthy of a serial in itself.  no wonder the hk serials are so much more captivating den local sg productions.  coz so much efforts went into research and got so much substance.

    and of course, i luv the host too!

     

    hktaste

     

    在香港這地方長大的你,有那種食味是你小時候嚐過後一直念念不忘,
    勾起你心底一個回味無窮的故事,喚起你對生活的感受?
    ㊣ 流動美食︰豆腐花、煎釀三寶、車仔麵

    ㊣ 經典小食︰砵仔糕、雞蛋仔、糖葱餅、格仔餅

    ㊣ 冬天街邊檔︰炒栗子、煨番薯、熱粟米

    ㊣ 學生早餐︰炒銀針粉、糯米飯、餈飯

    ㊣ 戲院門外小食︰煨魷魚、辣魚蛋

    ㊣ 冰室美食︰菠蘿油、蛋撻、西多士、紅荳冰

    ㊣ 掃街1︰碗仔翅、生菜魚肉、臭豆腐、豬大腸

    ㊣ 掃街2︰鹵味、咖喱魷魚、魚肉燒賣

    ㊣ 泳池門口小食︰韮菜豬紅、炒麵、豬腸粉

    ㊣ 耐食甜品︰馬仔、香蕉糕、花生糖

    ㊣ 即食甜品︰糖不甩、軟雪糕、白糖糕、大菜糕、龍鬚糖、棉花糖、砂糖夾餅、芝麻卷㊣
    粥檔︰艇仔粥、油炸鬼、炸両

    ㊣ 麵檔︰雲吞麵、牛腩河、油菜

    ㊣ 酒樓美食︰鳳爪排骨飯、齋滷味、蛋散

     
     第 10 集 02 月 28 日 Thu 10:00 pm(結局篇)
    『及 第 粥 』由 媽 媽 親 手 煮 成 的 生 滾 及 第 粥 , 滿 載 對 兒 子 、 孫 兒 成 材 的 厚 望 ; 但 是 兩 父 子 、 兩 代 人 因 為 意 見 不 合 , 曾 經 令 這 煲 家 傳 及 第 粥 滾 起 軒 然 大 波 。一 煲 薪 火 相 傳 的 及 第 粥 , 滾 起 三 代 人 的 意 志 , 連 起 三 代 人 的 心 思 。
     

     

    第 9 集 02 月 14 日 Thu 10:00 pm
    『 鬆 糕 』一 件 鬆 化 香 軟 、 入 口 微 甜 的 鬆 糕 , 見 證 一 位 老 人 家 大 半 生 的 艱 苦 歲 月 ﹗為 續 情 緣 , 老 人 家 甘 願 放 棄 頭 家 , 隻 身 回 港 , 造 出 一 件 又 一 件 令 人 再 三 回 味 的 鬆 糕 ﹗
     
    第 8 集 02 月 07 日 Thu 10:00 pm
    『湯 圓 』湯 圓 一 向 有 團 圓 的 意 思 , 而 一 顆 麻 蓉 湯 圓 , 給 予 一 個 單 親 媽 媽 撫 養 三 個 女 兒 成 人 。一 個 失 意 的 女 人 , 亦 靠 這 麻 蓉 湯 圓 重 新 做 人 。 搓 麵 粉 , 做 湯 丸 , 當 中 原 來 大 有 做 人 的 學 問 。

    第 7 集 01 月 31 日 Thu 10:00 pm
    『 魚 蛋 粉 』一 個 從 小 到 大 苦 頭 嚐 遍 的 女 人 , 因 為 丈 夫 而 與 魚 蛋 粉 結 緣 。可 是 , 因 為 這 顆 魚 蛋 , 令 丈 夫 迷 失 本 性 , 加 上 家 母 傳 統 思 想 的 不 諒 解 , 使 這 個 女 人 一 雙 肩 膊 撐 起 兩 片 天 ; 最 後 , 她 憑 魚 蛋 、 憑 自 己 雙 手 , 改 寫 了 自 己 的 命 運 。

    第 6 集 01 月 24 日 Thu 10:00 pm
    『 菠 蘿 包 』一 個 甜 味 的 菠 蘿 包 , 令 他 成 為 一 個 樂 於 助 人 的 絕 種 好 人 。 但 是 曾 經 因 為 菠 蘿 包 , 他 給 親 人 騙 去 畢 生 積 蓄 , 他 一 笑 置 之 。但 當 他 決 定 人 生 第 一 次 主 動 拒 絕 幫 人 的 時 候 , 竟 然 差 點 連 累 親 人 性 命 , 抱 撼 終 生 。 

    第 5 集 01 月 17 日 Thu 10:00 pm『砵仔糕』
    砵 仔 糕 , 曾 令 他 們 兄 弟 分 散 , 父 子 分 離 。 過 門 而 不 入 的 棄 子 , 幸 好 最 終 亦 因 為 砵 仔 糕 , 可 以 重 投 這 個 家 。

    一 件 砵 仔 糕 , 令 這 家 人 聚 分 離 合 。 一 件 紅 豆 砵 仔 糕 , 撰 寫 一 段 兄 弟 情 誼 的 故 事 。

    第 3 集 01 月 03 日 Wed 10:00 pm『 年 香 園 雞 仔 餅 』

    不 懂 造 餅 的 丈 夫 貿 然 學 人 家 開 唐 餅 店 , 太 太 全 程 在 背 後 默 默 支 持 ; 一 件 雞 仔 餅 , 養 大 了 六 個 女 兒 , 同 時 亦 是 夫 婦 二 人 共 同 的 心 血 結 晶 , 為 了 雞 仔 餅 , 這 對 夫 婦 攜 手 熬 過 不 少 難 關 。

    可 是 , 因 為 太 太 的 一 時 疏 忽 , 開 業 40 載 的 餅 店 遭 大 火 毀 於 一 旦 , 作 為 丈 夫 的 他 , 是 埋 怨 、 是 原 諒 , 還 是 心 中 有 刺 ? 一 個 關 於 夫 妻 相 處 之 道 的 故 事 , 由 一 塊 雞 仔 餅 開 始 。

    第 2 集 12 月 27 日 Thu 7:30 pm『 煒 煌 炸 麵 專 門 店 』

    一 孖 兩 條 的 油 炸 鬼 , 記 載 住 一 段 父 慈 子 孝 的 故 事 。 為 子 女 , 做 爸 爸 的 , 失 去 三 隻 手 指 。 為 爸 爸 , 做 兒 子 的 , 一 鍋 滾 油 慘 向 身 上 淋 。

    兩 父 子 , 一 個 殘 、 一 個 傷 , 以 熱 燙 的 真 情 炸 出 充 滿 感 人 味 道 的 油 條 ! 星 期 四 《 香 港 味 道 》 一 同 細 味 品 嚐 他 們 的 火 熱 的 故 事 。

    第 1 集 12 月 20 日 Thu 7:30 pm『 豆 腐 花 』

    第 一 集 《 香 港 味 道 》 以 介 紹 大 家 從 小 喜 歡 的 豆 腐 花 作 始 章 , 作 為 現 在 深 受 大 眾 喜 愛 的 甜 品 之 一 , 大 家 是 否 記 得 當 年 以 豆 腐 花 和 醬 油 拌 飯 以 充 饑 的 日 子 ?

    一 家 售 賣 豆 腐 花 逾 50 年 的 豆 腐 花 店 , 當 年 由 母 親 頂 手 , 現 在 由 一 對 兄 妹 經 營 , 當 外 人 以 為 母 慈 子 孝 , 家 庭 和 睦 的 時 候 , 原 來 當 中 一 直 隱 藏 兒 子 對 母 親 的 怨 恨 ! 一 家 豆 腐 花 店 的 故 事 , 告 訴 我 們 香 港 還 有 孝 順 的 味 道 。

     

    第十集
    【妹記】 (及第粥)
    地址:花園街街市熟食中心3樓11-12號店
    電話:2789 0198

    第九集【鴻發糕品】 (鬆糕)
    地址:深水埗基隆街251號
    電話:2386 1034

    第八集【湯圓皇】 (湯圓)
    地址:佐敦庇利金街45號地下
    電話:2736 3692

    第七集【王林記】 (魚蛋粉)
    地址:筲箕灣東大街10號地下
    電話:2886 0068

    第六集【新鳳凰】 (菠蘿包)
    地址:北角七姊妹道217號地下
    電話:2561 3116

    第五集【坤記】 (砵仔糕)
    地址:深水埗福華街115-117號
    電話:2360 0328

    第四集【合興】 (花生糖)
    地址:元朗屏山坑頭村2號A
    電話:2149 9858

    第三集【年香園】 (雞仔餅)
    地址:鯉魚門海傍道43D
    電話:2346 3339

    第二集【煒煌】 (油炸鬼)
    地址:紅磡黃埔街16號A地下
    電話:2334 5789

    第一集【義香】 (豆腐花)
    地址:九龍城衙前塱道74號
    電話:2382 5006 

     

     

     





    多雨之秋

    24 11 2008

     


    last wk was so wet tat i felt it’s coming to 多雨之秋.

    不过, 天也有放晴的时候.  难得好天气!

     

     

     





    Preventative Botox

    24 11 2008

     

    is a shot of Botox to relax the muscle before wrinkles start.

    wow!  prevention is better den cure rite? !

    so exciting !





    ‘Twilight’ takes $70.6M bite out of box office

    24 11 2008

    mi wana watch !

    excerpt : “Teen girls rule the earth,”   now den u noe, u should haf realise from young, from skool, girls rock !

     

    Nov 23, 2008

     

    Audiences found the vampire romance “Twilight” infectious in its opening weekend, pushing the movie to a take of $70.6 million.

    Catherine Hardwicke’s film also enjoyed the biggest opening ever for a female director, blowing away the previous standard of $41.1 million set by Mimi Leder’s “Deep Impact” in 1998.

    Drawing from its huge fan base of teenage girls, who fell for Stephenie Meyer’s novel of forbidden love between brooding vampire Edward Cullen and bookish high schooler Bella Swan, “Twilight” made a whopping $20,636 per theater, according to Sunday morning estimates.

    And the fangirls will get another taste soon enough: Summit Entertainment, which released “Twilight,” announced during the weekend that it’s going ahead with production of “New Moon,” based on the second book in Meyer’s internationally best-selling series. Robert Pattinson and Kristen Stewart will return as its star-crossed lovers, but whether Hardwicke will be at the helm again is still being determined.

    The laid-back Hardwicke, who went bodyboarding at sunset Saturday to take her mind off this high-pressure weekend, said Sunday morning that she was heading to a meeting later in the day to discuss her possible involvement in “New Moon.”

    “I want to be sure that it’s going to be done right. I don’t want to rush into it,” she said. “It’s not like `Friday the 13th‘ or `Halloween,’ you can’t just do it super fast and knock another one out. I want to understand their plans and all that.”

    Hardwicke, whose previous films include “Thirteen” and “Lords of Dogtown,” also said she was thrilled about the prospect that the success of “Twilight” will inspire other women and young girls to pursue a career in filmmaking.

    “I hope not just women but all minorities get enthused and encouraged by it. I look at the (Directors Guild of America) calendar, at the pictures of everyone that had different movies each month, and it’s usually 22-29 different directors, and almost every month there’s one female and maybe one minority,” she said. “We’ve been having a lot of events, talking to a lot of fans, and so many kids of course are madly in love with Robert but tons of kids of every kind (and) girls are coming up to me and saying `I want to direct now, I’m writing a screenplay now, you’re my inspiration.’ I think it’s great that people are getting excited.”

    The big opening for “Twilight” also helps put Summit Entertainment on the map, said Richie Say, the company’s president of domestic distribution. Summit has only been around since April 2007 and “Twilight,” its sixth release, cost just $37 million to make.

    “It certainly says what we’ve been saying all along, that we can do more with less,” he said. When Warner Bros. pushed “Harry Potter and the Half-Blood Prince” from this weekend to a July 2009 debut, and Summit jumped to move “Twilight” from Dec. 12 into that spot on the schedule, “that decision was made in a day. I don’t know that the major studios have that ability.”

    The tremendous take for “Twilight” far exceeded expectations, which had been set around $50 million.

    “Teen girls rule the earth,” said Paul Dergarabedian, president of Media By Numbers. “If you look back at the `Hannah Montana’ movie, how well that did, and now this movie, the teen girl audience will never be ignored again or underestimated. It was always teen boys who were the coveted ones, but someone finally caught on to the idea that girls love movies, too, and if you create something that they’re into, that they’re passionate about, they will come out in big numbers and drive the box office.”

    The other major debut of the weekend, Walt Disney’s 3-D animated “Bolt,” made $27 million to take third place. Featuring the voices of John Travolta and Miley Cyrus, “Bolt” follows the cross-country journey of a dog who plays a superhero on television, but sadly realizes he has no magical powers once he gets separated from his “person.”

    Chuck Viane, Disney’s head of distribution, said “Twilight” took a bite out of everyone’s box office this weekend. If the vampire saga hadn’t been around, Viane said, Disney would have expected an opening of at least $30 million.

    “Obviously we believe in the Thanksgiving holiday in a big, big way,” he said. “We’ve always viewed this as one of those 10-day marathons between opening day and the end of the Thanksgiving weekend.”

    Last weekend’s No. 1 movie, “Quantum of Solace,” came in second with $27.4 million. The latest James Bond extravaganza has now grossed $109.5 million, and it crossed the $100 million mark faster than any other film in the franchise, said Rory Bruer, head of distribution for Sony. It’s also made $309 million internationally.

    “We’re in great shape. We’re way ahead of where we were with `Casino Royale,’” said Bruer, referring to the last Bond picture, which also starred Daniel Craig as a more visceral incarnation of 007.





    pump prices

    24 11 2008

     

    has dropped by 25%

    at all time high, it was above $2 a litre for even 92

    now it’s $1.55 for 95





    ERP

    24 11 2008

     

    stands for Every Road Pay

    the whole gist behind having ERP is to ease congestion on heavy roads but the whole point seems to be lost in the pursuit to boost the govt’s coffers from the highly lucrative ERP

    $2 COE but it’s so exp to drive nowadays





    if the govt reali cares abt its ppl

    24 11 2008

     

    the first thing to go dwn after pump prices is food prices…and given the speed tat the food prices went up wif oil prices, the resistance of the food prices IN SINGAPORE ALONE is proof tat though most things r well planned and controlled, this most basic concern isn’t taken care of !
    food prices in msia has oredi gone dwn and though i cannot go into JB often enuff, i will try to, coz i would rather spend my SG dollars in Msia den b ripped off in SG

    and utilities prices r way too high.  sorry Mr PM, while it’s nice to hear from u tat electric bills will finally come dwn, it’s not happening soon enuff ! 
    is the utilities state owned?  of course not!  it’s been privatised.  den y is the energy mkt for household consumers still closed? 
    when ppl haf no choice in their service provider and haf to pay watever exorbitant prices tat r set to cover the company’s inadequate and poor hedging done against oil prices, where is the govt?

    times r hard enuff and it is sad tat govt is not doing anything to curb the most basic concerns of ALL SINGAPOREANS when it’s needed the most.  if u fail mi when i need u the most, den mayb i don’t need u after all





    berri

    24 11 2008

     

    my younger niece is named after a tomato juice brand

    well, her aunt has a condo named after her so guess it’s no big deal





    A 20-year-old model photographed as if she were 10, 20, 30, 40, 50, and 60 years old

    24 11 2008

     

    Amazing!  Esp the 10 yo

    A series of pictures with the same model in different ages, everything done with amazing make-up and lighting.

    (Vogue Paris November 2008 with Eniko Mihalik by Inez van Lamsweerde and Vinoodh Matadin styled by Carine Roitfeld, make-up by Lisa Butler)

     

    10 years old: [below]
    Image Hosted by ImageShack.us

    20 years old: [below]

    Image Hosted by ImageShack.us

    30 years old: [below]

    Image Hosted by ImageShack.us

    40 years old: [below]

    Image Hosted by ImageShack.us

    50 years old: [below]

    Image Hosted by ImageShack.us

    60 years old: [below]

    Image Hosted by ImageShack.us





    the balance sheet of parenting

    23 11 2008

     

    i wanted to write tis a while back,  since i m chatting wif a fren on tis, finally get to pen it dwn.

    on the balance sheet of parenthood, joys far outweigh pains.

    your child’s unconditional love for u will keep u going despite all odds becoz u r no longer juz living for urself.  there is something far more impt and greater den ur own well-being which drives u on.
    tat’s y mothers especially r so strong in character

    i believe fate plays a big part in who u meet and interact wif in live and especially so when it comes to r/ships wif kiddos.

    ur kiddos r sent by ‘above’ to b wif u and u r blessed wif the honour of nurturing them and witnessing and sharing their joys and sorrows wif them as they become young adults in their own rights.

    of course, the bond bet parents and kids can nbr b broken.  it’s not juz the blood ties.  from the moment u r blessed wif a kid, u r destined to spent the rest of ur life worrying abt them every day and nite.

    their joy is ur joy and their sorrow is yours too, juz many times magnified ove r ur own.  no matter how hard the going gets, kiddos can bring smile to ur face and uplift ur spirits instantaneously.

    and when i hear remarks like ‘it’s more fun to play wif other ppl’s kids den ur own’, there r 2 ways to interpret it.  looking at the matter simply, it means having abit of fun kinda like a teaser wifout the responsibility and complications of child rearing.  another is the person may not fully understand nor appreciate the depth of the joys children bring

    the quota of fun during play is nuthing compared wif the day in day out joys of parenting, to b constantly surprised and amazed by their observations and thoughts, their unconditional love and thoughtfulness.  and to watch them grow so quickly and silently wifout us having to gif much thot to the passage of time yet still being a constant reminder of time passsed is amazing

    i always tease YY & QQ tat they r like beansprouts growing tall by the day wifout mi noticing





    45 years on, JFK killing haunts Secret Service protecting Obama

    23 11 2008

     

    22 Nov, 2008

    WASHINGTON – Americans reflected Saturday on the presidency of John F. Kennedy, who was assassinated 45 years ago, as once again a young, inspiring president is headed to the White House.

    President-elect Barack Obama has often been compared for his lofty ideals and charisma to the late JFK, who was shot dead in Dallas, Texas in 1963.

    Obama’s cool speech delivery, his intellectual prowess, relative youth and inexperience — the 47-year-old was an Illinois state senator little over four years ago — have been seen by many as direct reflections of JFK.

    Even the charming families, along with an apparent command of admiration around the world, are touchstones of both Obama and JFK’s broad appeal.

    But Obama’s character and historic election as the first African-American US president have many people worried about potential threats to his life.

    “He is inspirational, he is an historic figure, he is the first African-American president; but there is also — because of that potential for stirring up social unrest — that also makes him a target,” said Scott Stuart, senior terror and security analyst for Stratfor, a publisher of geopolitical intelligence.

    The threats to Obama are nothing new in American politics. Four American presidents were assassinated: Abraham Lincoln in 1865, James Garfield in 1880, William McKinley in 1900, and JFK.

    President Kennedy’s brother Robert F. Kennedy and civil rights leader Martin Luther King were both gunned down in 1968.

    There have also been assassination attempts against Andrew Jackson, Theodore Roosevelt, Franklin Roosevelt, Gerald Ford and Ronald Reagan.

    “It’s not only JFK. It’s Robert Kennedy, it’s Martin Luther King. We have had a history of violence against inspirational leaders in the US,” explained James Thurber, professor of government at American University.

    Thurber said he recalls the era when the Kennedys and King were assassinated, and pointed out similarities between then and now.

    “I do remember the time and it is very similar except that Obama is even more inspirational than Kennedy in terms of turning people on and bringing people in from the Republican Party to vote for a Democrat,” he added.

    “It’s more historic in some way in the sense that Obama is African-American.”

    Obama received the earliest ever Secret Service protection for a presidential candidate in May 2007 — 18 months before the election — due to threats and to the large crowds he attracted at campaign stops.

    His former rival Hillary Clinton already had Secret Service protection due to her status as a former first lady.

    Mrs. Clinton sparked massive criticism in May of this year when invoking the June 1968 assassination of Robert F. Kennedy to defend her decision to remain in the presidential race through June.

    She promptly expressed regret for her comments, interpreted as a suggestion that she believed Obama’s life was in danger.

    Once Obama “began emerging as a major candidate, he was actually afforded the same level of protection as the president because of the threat and that was really unprecedented,” added Stuart.

    “They were so concerned about the threat that he had much higher security than the other candidates.”

    Two plots have already been thwarted: in Colorado during the Democratic convention and recently in Tennessee, where two white supremacists were arrested in what authorities said was a plot to conduct a string of armed robberies and murder 88 black people in a spree to culminate in a suicide attack on Obama.

    According to Stuart, the Secret Service worries most about discreet, covert threats that are more difficult to identify.

    The Tennessee supremacists were “basically amateurs, clowns,” said Stuart, adding that a professional “lone wolf” character is what the Secret Service and FBI are most interested in.

    These kinds of loner-assassin threats “pose a lot of problems for law enforcement,” he said.

    “There’s no organization to infiltrate, there is no communication to intercept, there is no conspirator to turn (them) in — that’s why that kind of a person is very dangerous.”

    Obama’s high approval ratings, set around 70 percent before he takes up office at the White House, are also a source of concern.

    “He just captured the heart and minds of the American people,” said Allan Lichtman, history professor at American University, commenting on the public’s high expectations.

    “But we are all aware of the danger that comes with that, particularly for the first time an African-American is president.”





    job creation by obama

    23 11 2008

    Obama economic plan aims for 2.5M new jobs by 2011

    22 Nov, 2008

     

    WASHINGTON – President-elect Barack Obama promoted an economic plan Saturday he said would create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars.

    “These aren’t just steps to pull ourselves out of this immediate crisis. These are the long-term investments in our economic future that have been ignored for far too long,” Obama said in the weekly Democratic radio address.

    The goal is to get the plan quickly through Congress, with help from both parties, after Obama takes office Jan. 20. The plan, which envisions those new jobs by January 2011, is “big enough to meet the challenges we face,” he said.

    Obama noted the growing evidence the country is “facing an economic crisis of historic proportions” and said he was pleased Congress passed an extension of unemployment benefits this past week. But, he added, `We must do more to put people back to work and get our economy moving again.”

    Nonetheless, he said, “There are no quick or easy fixes to this crisis, which has been many years in the making, and it’s likely to get worse before it gets better.”

    It will take support from Democrats and Republicans to pass the economic plan, Obama said. “I’ll be welcome to ideas and suggestions from both sides of the aisle,” he said. “But what is not negotiable is the need for immediate action.”

    People “are lying awake at night wondering if next week’s paycheck will cover next month’s bills,” if their jobs will remain, if their retirement savings will disappear, he added.

    The Labor Department reported that claims for unemployment benefits jumped last week to the highest level since July 1992, providing fresh evidence of the weakening job market.

    “We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels,” Obama said. He also made a commitment to fuel-efficient cars and alternative energy technologies “that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead.”

    Obama pointed to the past, saying that Americans in this country’s darkest hours have risen above their divisions to solve their problems, as a hope for the future.

    “We have acted boldly, bravely, and above all, together,” Obama said. “That is the chance our new beginning now offers us, and that is the challenge we must rise to in the days to come. It is time to act. As the next president of the United States, I will.”





    Ban on happy hours in UK

    23 11 2008

    so the brits r drinking themselves to pre-matured death

     

    British may ban ‘happy hour’ as drink deaths rise

    22 Nov, 2008

     

    Britain is considering a ban on “happy hour” discounts at bars and restaurants to curb drinking, a spokesman said Saturday, as health advocates warned that a rise in liver-related deaths among young people may signal a future epidemic.

    Health officials will decide on whether to ban the happy hours — designated times for discount drinks — once an independent policy review is published in coming weeks, a health department spokesman said on customary condition of anonymity.

    The proposal was one of several aimed at stemming a trend in binge drinking in recent years, particularly among teenagers and young adults. The government also plans to spend 10 million pounds ($15 million) on a new public awareness campaign, and wants to improve enforcement of laws against underage drinking.

    A health advocacy group said some of those young people were now showing signs of liver-related damage usually seen in older people.

    Given that it can take 15 to 20 years for liver disease to develop, the British Liver Trust warned that the figures suggested the problem would only get worse.

    “We’re seeing a steep increase of deaths in people in their 20s and 30s,” Trust spokeswoman Imogen Shillito said. “This indicates a big problem for many years to come.”

    National statistics show a steady rise in the number of alcohol-related deaths that typically fell heavy drinkers in their 40s and 50s who have abused alcohol for decades. From 1991 to 2006, the number of such deaths more than doubled to 8,758.

    Alcohol-related deaths among people aged 25 to 29 were 40 percent higher in 2006 than the year before, Shillito said, citing national statistics.

    Shillito said low prices for alcohol had helped encourage drinking among British youths, noting “they can buy alcohol with their pocket money.”

    The government plans to base its new alcohol policies, including possible new programs to help people reduce consumption, on the upcoming review by the School of Health and Related Research at the University of Sheffield.

    Officials say the report should clarify whether retail practices lead to excessive drinking. They are considering a ban on a number of practices, including drinking games and speed-drinking events popular at some British pubs.





    Panda in China zoo bites student who wanted a hug

    23 11 2008

    obviously college education is wasted on tis guy wif no common sense !

    the poor panda bears r being terrorised by these siao ding dongs who invade their territory and expect to b welcomed.  stupidity at its best

    and u noe wat i tink abt them being injured?  serves them rite.  if u haf no common sense and scalded urself by touching a boiling pot of water, nobody will pity u

     

    22 Nov, 2008

    BEIJING – A college student in southern China was bitten by a panda after he broke into the bear’s enclosure hoping to get a hug, state media and a park employee said Saturday.

    The student was visiting Qixing Park with classmates on Friday when he jumped the 6.5-foot (2-meter) -high fence around the panda’s habitat, said the park employee, who refused to give his name.

    The park in Guilin, a popular tourist town in the Guangxi Zhuang Autonomous Region, houses a small zoo and a panda exhibit. It was virtually deserted when the student scaled the fence surrounding the panda, named Yang Yang, the employee said.

    He said the student was bitten in the arms and legs. Two foreign visitors who saw the attack ran to get help from workers at a nearby refreshment stand, who notified park officials, the employee said.

    The student was pale as he was taken away by medics but appeared clear-headed, he said.

    “Yang Yang was so cute and I just wanted to cuddle him. I didn’t expect he would attack,” the 20-year-old student, surnamed Liu, said in a local hospital, according to the official Xinhua News Agency.

    Liu underwent surgery Friday evening and was out of danger, but will remain in the hospital for several days, Xinhua said.

    Yang Yang, who was flown to Guilin last year from Sichuan province, was behaving normally on Saturday and did not seem to suffer any negative psychological effects, the park employee said.

    He said it was not clear whether the facility would add more signs around the enclosure or put more fences up.

    “We cannot make it like a prison. We already have signs up warning people not to climb in,” he said. “There are no fences along roads but people know not to cross if there are cars. This is basic knowledge.”

    Pandas, which generally have a public image as cute, gentle creatures, are nonetheless wild animals that can be violent when provoked or startled.

    Last year, a panda at the Beijing Zoo attacked a teenager, ripping chunks out of his legs, when he jumped a barrier while the bear was being fed.

    The same panda was in the news in 2006 when he bit a drunk tourist who broke into his enclosure and tried to hug him while he was asleep.The tourist retaliated by biting the bear in the back.

     





    Mystery “Buddha boy” in Nepal vanishes, again

    23 11 2008

    22 Nov, 2008

     

    KATHMANDU – A teenage Nepali boy many believe is an incarnation of Lord Buddha went missing after blessing thousands of supporters, police said on Saturday.

    Ram Bahadur Bamjon, 17, blessed devotees for nearly 10 days in the remote forest of Ratanpuri, 150 km southeast of Kathmandu before disappearing on Friday, junior police officer Santosh Budhathoki said.

    Bamjon came into the limelight in 2005 when tens of thousands of people turned up to see him sitting cross-legged under a tree in a dense forest for nearly ten months. The Buddha is often shown in sketches sitting under a tree in a similar posture.

    Ten days ago Bamjon reappeared after almost a year when he had disappeared in order to meditate in the jungle. This is the third time Bamjon has disappeared since his first appearance three years ago.

    Thousands of people, some out of sheer curiosity, including many from neighbouring India walked to the site in the middle of dense forests to see him this time.

    “He gave a 25 minute religious discourse to more than 5,000 people on Friday then went into an underground site for meditation,” Budhathoki said.

    He said the boy had wrapped a white cloth around his body and sometimes sat for more than 12 hours at one stretch during the discourse.

    “Not everyone can do this without any special power which he has,” Budhathoki said. “Whether he is a Buddha I can’t say.”

    Buddha, the founder of Buddhism, was born a prince in Lumbini, a sleepy town in Nepal’s rice-growing plains about 350 km southwest of Kathmandu more than 2,600 years ago.

    He is believed to have attained enlightenment at Bodh Gaya in the eastern Indian state of Bihar, which borders Nepal.





    hong niang

    23 11 2008

     

    sadly i haben figured out how to do chinese input on windows live coz no language toolbar selection

    anyway, i juz wana chronicle how hard karen, alex, LJ, moi and kiddos tried to make the evening last longer

    we had crabs for dinner, sunset way ice-cream for dessert and still forced ourselves to drink tea to chit chat

    tink we r very responsible hong niang.   the date remains mi vaguely of ss and tony but given the 2 individuals in question r a lot more prepared and seems a lot more interested and mature, hopefully our orchestrated efforts will pay off





    Obama low key but active in auto rescue talks

    23 11 2008

     22 Nov, 2008

     

    Even while publicly sidelining himself, President-elect Barack Obama was active behind the scenes during congressional debate this past week over an auto industry bailout.

    The move illustrates the Obama team’s reluctance to publicly weigh in on a dispute that was not only partisan but also divided House and Senate Democrats. With a strong chance that a deal could fail, a high-profile role for Obama would have been risky and could have linked him too closely to a congressional stalemate.

    Indeed, the negotiations broke down Thursday and congressional leaders pledged to return next month, demanding that the automakers produce specific plans for restructuring the industry.

    “The Obama team has to step up,” Sen. Christopher Dodd, chairman of the Senate Banking Committee and one of the lead negotiators, said in Hartford, Conn., on Friday. “In the minds of the people, this is the Obama administration. I don’t think we can wait until January 20.”

    During the congressional debate, Obama and his top aides quietly prodded congressional leaders to find a solution to rescue struggling carmakers.

    Obama personally talked to congressional leaders, while his new chief of staff, Rahm Emanuel, and congressional liaison, Phil Schiliro, were routinely dialed into conference calls with lawmakers and staff to discuss the status of negotiations.

    “They basically were encouraging us to stay at the table and get something done,” said Sen. Debbie Stabenow, D-Mich., one of the senators involved in the talks.

    In public as president-elect, Obama has addressed the auto industry crisis only three times — in his postelection news conference, a taped radio address last Saturday and an interview on CBS’ “60 Minutes.”

    Obama and his team have repeatedly asserted that during the transition, President George W. Bush remains the chief executive and that Obama does not want to intrude on his authority. Obama did move closer to making top economic appointments on Friday, news that a Dodd aide said the Connecticut senator welcomed.

    Obama’s low-key role so far is partly tactical. When John McCain injected himself into congressional negotiations over a bailout for financial institutions last September, it proved to be a political setback for the Republican presidential candidate.

    What’s more, officials pointed out that a lame-duck session of Congress in the midst of a presidential transition is a tough period to find legislative agreement.

    “It’s the closing days — it’s a very difficult environment to do anything substantial,” said Sen. Dick Durbin, D-Ill., a member of the Senate Democratic leadership and a close ally of Obama’s.

    Durbin said Obama “has continued to make it clear that these are decisions before this president and this Congress.”

    “He has been following it carefully because it would have an impact on his presidency,” he added. “But he is not intervening either directly or indirectly.”

    Durbin and others did say Emanuel, who has been a member of the Democratic House leadership and is still a member of Congress, was routinely involved and updated on talks. Schiliro, a former top aide to Rep. Henry Waxman, D-Calif., also participated in conference calls. Waxman this week became chairman of the House Energy and Commerce Committee, a powerful panel with significant jurisdiction over the auto industry.

    In his first postelection comments about the auto bailout, Obama advanced a proposal to accelerate a $25 billion loan that Congress had authorized for automakers to retool and manufacture more energy-efficient cars.

    “I would like to see the administration do everything it can to accelerate the retooling assistance that Congress has already enacted,” Obama said in his Nov. 7 news conference in Chicago.

    The Bush administration then urged Congress to change the terms of the loan so the automakers could use it to cover operational costs. Democrats in Congress, however, balked at the idea, arguing it would undercut a major environmental effort.

    Instead, Democrats called for the auto loan to be tapped from the $700 billion set aside to bail out financial institutions, a step the White House and congressional Republicans opposed.

    After that, Obama limited his public comments to broad calls for assistance to the ailing industry. His most detailed remarks came during a “60 Minutes” interview that aired Sunday.

    “For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire,” he said. “So it’s my belief that we need to provide assistance to the auto industry. But I think that it can’t be a blank check.”

    Significantly, Obama did seem to play down one idea circulating among Republicans and some Democrats: Requiring that any government assistance to any of the Big Three automakers be conditioned on the company’s going through an accelerated Chapter 11 bankruptcy procedure. Among those expressing interest in that step was Dodd, the Banking Committee chairman.

    Senate Democratic aides described a process called a “prepackaged bankruptcy,” whereby a company would work out a reorganization plan with creditors, shareholders, labor unions and other stakeholders before filing for Chapter 11. The goal would be to not only restructure the company but also keep the time spent in Chapter 11 to a minimum.

    “Banks aren’t lending as it is,” Obama said in the television interview. “They’re not even lending to businesses that are doing well, much less businesses that are doing poorly. And in that circumstance, the usual options may not be available.”

    Advocates of the idea, however, say the government could help by either providing the necessary financing directly or guaranteeing loans to the auto industry.





    Federal regulators shut 2 California thrifts

    23 11 2008

    Nov 22, 2008

     

    Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.

    The failures of Downey Savings and Loan Association, based in Newport Beach, and PFF Bank & Trust of Pomona brought the number of U.S. bank failures this year to 22.

    The Federal Deposit Insurance Corp. was appointed receiver of the two thrifts. U.S. Bank, based in Minneapolis, acquired all the deposits of both.

    Downey, the 23rd-largest U.S. savings and loan, had assets of $12.8 billion and deposits of $9.7 billion as of Sept. 30. PFF, the 38th-largest, had assets of $3.7 billion and $2.4 billion in deposits.

    Also Friday, Georgia regulators shut down The Community Bank, a small bank in Loganville, Ga. The FDIC was made receiver of the bank, which had $681 million in assets and $611.4 million in deposits as of Oct. 17. The FDIC said all the bank’s deposits and about $84.4 million of its assets will be acquired by Bank of Essex, of Tappahannock, Va. Its four branches will reopen Monday as offices of Bank of Essex.

    The Office of Thrift Supervision, the federal regulator for the two California thrifts, said they both suffered mounting losses since last year. Downey’s business focused on nontraditional, high-risk home mortgages such as payment-option and adjustable-rate loans.

    The Treasury Department agency recently boosted the minimum capital requirements for the parent, Downey Financial Corp., as the company struggled with the slumping mortgage market. Downey was hit hard by rising mortgage defaults, especially in its option adjustable-rate mortgage holdings. Option ARMs allow customers to choose a different payment option each month — including a payment that is smaller than the interest due on the loan.

    Option ARMs have been among the worst-performing loans during the downturn in the real estate market.

    PFF, established in 1892, had a large concentration of housing construction loans hit hard by the deteriorating real estate market on the West Coast, the thrift agency said.

    “The closing of these two thrifts once again demonstrates the tremendous impact of the housing market distress on the state of California,” said John Reich, director of the Office of Thrift Supervision, in a statement. This year, four of the five failures of institutions regulated by the agency — and all the ones of significant size — had major concentrations in housing finance business in California, he said.

    In July, another big savings and loan, IndyMac Bank based in Pasadena, Calif., failed and was seized by regulators with about $32 billion in assets.

    The FDIC estimated that the resolution of Downey will cost the federal deposit insurance fund about $1.4 billion, while that of PFF will cost an estimated $700 million.

    Regular deposit accounts are now insured up to $250,000 as part of the financial rescue law enacted in early October.

    The 22 bank failures so far this year compare with three for all of 2007 and are far more than in the previous five years combined. It’s expected that many more banks won’t survive the next year of economic tumult. The pressures of tumbling home prices, rising mortgage foreclosures and tighter credit have been battering many banks, large and small, nationwide.

    This year’s failures also include Seattle-based thrift Washington Mutual Inc. in late September, the biggest bank collapse in U.S. history. It had $307 billion in assets.

    The FDIC estimates that through 2013 there will be about $40 billion in losses to the deposit insurance fund, including an $8.9 billion loss from the failure of IndyMac Bank. The FDIC is raising insurance premiums paid by banks and thrifts to replenish its fund, which now stands at around $45.2 billion, below the minimum target level set by Congress and the lowest level since 2003.

    On Friday, the FDIC formally approved a program to guarantee as much as $1.4 trillion in U.S. banks’ debt for more than three years as part of the government’s financial rescue plan. Under the program, meant to thaw the freeze in bank-to-bank lending, the FDIC will provide temporary insurance for loans between banks — except for those for 30 days or less — guaranteeing the new debt in the event of payment default by the borrowing bank.

    The FDIC also will guarantee deposits in non-interest-bearing “transaction” accounts by removing the current $250,000 insurance limit on them through the end of next year. That could add as much as $500 billion to FDIC-backed deposits.

    Well over half of the roughly 8,500 federally insured banks and savings and loans are expected to tap the FDIC’s temporary guarantees.

    Of the 8,500 federally insured banks and thrifts, the FDIC had 117 on its internal list of troubled institutions as of June 30, a five-year high. The agency doesn’t disclose the banks’ names.





    pat on the back

    22 11 2008

     

    when i finished my 16 queries X 8 mths, i was given a pat on the back

    a realli simple gesture but genuine appreciation for my efforts and i felt very very good

    tis is the kinda boss-employee r/ship tat works for mi

    and being in a good company wif good bosses and colleagues means i can focus on doing wat i do best well





    chinese wine chicken

    20 11 2008

     

    i went to the hakka shop at north bridge wif karen last wk and couldn’t resist ordering the chinese wine chicken.  i was quite disappointed coz for $5, it was quite bland

    den we went to the pfs restaurant at centrepoint (directly opp prima taste) and ordered claypot huadiao chicken.  omg !  the gravy was thick coz they added cornflour and the chicken pieces were deep fried before being added to the dish.  again, no wine taste lor !  and they didn’t threw in the chicken neck…how weird is tat? 
    and i ordered a sour plum lime juice tat was all lime.  there was one miserable sour plum in the glass but no taste at all.  i had to suck the sour plum and drink the lime juice in order to get a tinge of sour plum taste
    i dun tink i will ever visit tis restaurant again.

    having been eating chinese wine chicken from young, i muz say tat the standards of tis dish outside is really disappointing.   i had to haf some of the authentic chinese wine chicken to satisfy my craving.

    the gravy is as thick as stock as some of the water content has evaporated from the cooking.   and the chicken pieces are so well marinated in the chinese wine while cooking tat the meat is stained brown.   truly my fav dish !





    Indian navy sinks suspected pirate ‘mother ship’

    20 11 2008

    19 Nov 2008

     

    An Indian naval vessel sank a suspected pirate “mother ship” in the Gulf of Aden and chased two attack boats into the night, officials said Wednesday, as separate bands of brigands seized Thai and Iranian ships in the lawless seas.

    The owners of a seized Saudi oil supertanker, meanwhile, negotiated for the release of the ship, anchored off the coast of Somalia.

    A multinational naval force has increased patrols in the waters between the Arabian Peninsula and the Horn of Africa, where pirates have grown bolder and more violent. The force scored a rare success Tuesday when the Indian warship, operating off the coast of Oman, stopped a ship similar to a pirate vessel described in numerous bulletins. The Indian navy said the pirates fired on the INS Tabar after the officers asked to search it.

    “Pirates were seen roaming on the upper deck of this vessel with guns and rocket propelled grenade launchers,” said a statement from the Indian navy. Indian forces fired back, sparking fires and a series of onboard blasts — possibly due to exploding ammunition — and destroying the ship.

    They chased one of two speedboats shadowing the larger ship. One was later found abandoned. The other escaped, according to the statement.

    Larger “mother ships” are often used to take gangs of pirates and smaller attack boats into deep water, and can be used as mobile bases to attack merchant vessels.

    Last week, Indian navy commandos operating from a warship foiled a pirate attempt to hijack a ship in the Gulf of Aden. The navy said an armed helicopter with marine commandos prevented the pirates from boarding and hijacking the Indian merchant vessel.

    Separate bands of pirates also seized a Thai ship with 16 crew members and an Iranian cargo vessel with a crew of 25 in the Gulf of Aden, where Somalia-based pirates appear to be attacking ships at will, said Noel Choong of the International Maritime Bureau’s piracy reporting center in Malaysia.

    “It’s getting out of control,” Choong said.

    Tuesday hijackings raised to eight the number of ships hijacked this week alone, he said. Since the beginning of the year, 39 ships have been hijacked in the Gulf of Aden, out of 95 attacked.

    “The criminal activities are flourishing because the risks are low and the rewards are extremely high,” Choong said.

    The pirates used to mainly roam the waters off the Somali coast, but now they have spread in every direction and are targeting ships farther at sea, according to Choong.

    He said 17 vessels remain in the hands of pirates along with more than 300 crew members, including a Ukrainian ship loaded with weapons and the Saudi supertanker carrying $100 million in crude.

    The supertanker, the MV Sirius Star, was anchored Tuesday close to Harardhere, the main pirates’ den on the Somali coast, with a full load of 2 million barrels of oil and 25 crew members.

    Asked about reports that a ransom had been demanded, Saudi Foreign Minister Prince Saud al-Faisal said Wednesday that the owners of the tanker “are negotiating on the issue.” He did not elaborate.

    He said “we do not like to negotiate with pirates, terrorists or hijackers.” But he said the owners of the tanker are “the final arbiter” on the issue.

    Saudi Arabia, the world’s leading oil producer, has condemned the hijacking and said it will join the international fight against piracy.

    Despite the stepped-up patrols, the attacks have continued unabated off Somalia, which is caught up in an Islamic insurgency and has had no functioning government since 1991. Pirates have generally released ships they have seized after ransoms are paid.

    NATO has three warships in the Gulf of Aden and the U.S. Navy’s Bahrain-based 5th Fleet also has ships in the region.

    But U.S. Navy Commander Jane Campbell of the 5th Fleet said naval patrols simply cannot prevent attacks given the vastness of the sea and the 21,000 vessels passing through the Gulf of Aden every year.

    “Given the size of the area and given the fact that we do not have naval assets — either ships or airplanes — to be everywhere with every single ship” it would be virtually impossible to prevent every attack, she said.

    The Gulf of Aden connects to the Red Sea, which in turn is linked to the Mediterranean by the Suez Canal. The route is thousands of miles and many days shorter than going around the Cape of Good Hope off the southern tip of Africa.

    The Thai boat, which was flying a flag from the tiny Pacific nation of Kiribati but operated out of Thailand, made a distress call as it was being chased by pirates in two speedboats but the phone connection was cut off midway.

    Wicharn Sirichaiekawat, manager of Sirichai Fisheries Co., Ltd. told The Associated Press that the ship, the “Ekawat Nava 5,” was headed from Oman to Yemen to deliver fishing equipment.

    “We have not heard from them since so we don’t know what the demands are,” Wicharn said. “We have informed the families of the crew but right now, we don’t have much more information to give them either.”

    Later in the day, Thai Foreign Ministry deputy spokesman Voradet Veeravekin told The Associated Press that Thai officials in Kenya were trying to make contact with the vessel.

    “Based on previous cases, we believe they were held for ransom. We are optimistic that we will be able to negotiate for their release once we can contact the ship,” he said.

    On Tuesday, a major Norwegian shipping group, Odfjell SE, ordered its more than 90 tankers to sail around Africa rather than use the Suez Canal after the seizure of the Saudi tanker Saturday.

    “We will no longer expose our crew to the risk of being hijacked and held for ransom by pirates in the Gulf of Aden,” said Terje Storeng, Odfjell’s president and chief executive.





    toe covers

    19 11 2008

     

    i juz discovered them while browsing in watsons after lunch on mon

    also tried the set lunch for the first time from old chang kee, nice!  and economical at $5 inclusive of a drink.

    main courses include nasi lemak, chicken curry wif rice/in a bread bowl, chicken stew wif rice/in a bread bowl, sambal fish etc

    i had the sambal fish which was not bad but the curry looks even better lor

    back to the topic on toe covers.  i tried sole covers b4 and found it to work horribly coz it was always bunching up.  the toe covers work great esp in my vnc shoes tat seem to haf expanded since jan





    Bath & Body Works body splash

    19 11 2008

     

    watsons is selling also !

    at S$25 a bottle…seems quite exp hor !  esp when i can get vouchers to buy them in US

    they haf the regular scents ie. sweet pea, cherry blossom, cucumber melon

    but dun haf the sweet cinnammon pumpkin tat ann got mi lor, i use very sparingly and occassionally in my room for the delicious scent





    burnt out and queries

    19 11 2008

    i complained to karen tat the system kept bullying mi

    i will haf errors wif my queries all afternoon but miraculously by 6pm, i will suddenly figure it out

    alas, i haf to stay back abit to finish the queries

    ——————————————————————————————-

    SP spent a day creating 80 queries tat i haf to run every mon for wkly stats

    the first time i did was quite nightmarish coz it took so……long to complete

    so i decided to make some changes on sat, group the results by products and collapse the 80 queries into 16 instead

    ——————————————————————————————-

    after working longer hrs during my solo wks, i m very mindful abt bring burnt out. fortunately, i m still full of zest for the job itself and ppl

    i was burnt out so easily in the past couple of yrs tat i live for the regular hols to get away from work

    the key diff bet den and nw is, i was frustrated coz a lot of things we had to do were for show, meaning mgmt dictates but bringing no tangible benefits to clients

    nw i feel tat i m making a positive contribution by supporting my boss and team. it is a lot more gratifying





    corporate rank

    19 11 2008

     

    i had tis thot when i was made the offer by hr

    i consulted karen for the corporate ranking scale coz frankly speaking, the rank tat hr quoted means nuthing to mi

    all things r relative and muz b understood in totality





    ramly burger scare

    19 11 2008

    tat i had wif QQ on sun after watching madasgascar II





    style vs comfort

    19 11 2008

     

    i haf been wanting to get a pair of brown shoes.

    i finally fell in luv wif a pair of nude pumps from dmk.  the design was quite scholl like ie. high on comfort and low on style as the material looks soft and it was lined and cushioned in certain areas insole.

    i wore it a few times last wk and omg!   wat comfort?!  it was worse den my itti & otto.  my feet were screaming from day 1 of wearing

    at least my i&o scores higher for style so DIScomfort is a price i m willing to pay

    got another pair of plastic shoes tdy for 3.55…wat a steal…nw i can’t wait to get my canvas shoes and start painting…t-shirts too !





    CEO Pandit is cutting jobs and costs to counter the global credit crunch.

    19 11 2008

    17 Nov 2008

    For Citigroup, small is suddenly beautiful.

    Cutting back was the theme of the so-called town hall meeting in New York on Monday morning where Chief Executive Vikram Pandit told employees that 53,000 jobs would be cut by the end of the first quarter of 2009. The number of layoffs was a jump from earlier estimates being tossed around as late as Friday when Pandit tried to ease employee anxiety while calling for greater efficiency during tight times.

    New York-based Citigroup (nyse: C – news – people ) fell 2.2%, or 21 cents, to $9.32, during afternoon trading, leaving its shares at a 72.5% discount from their year ago price.

    Citi plans to cut its total headcount by 20.0% from its peak of 375,000 at the end of 2007. In October, Citigroup announced that 22,000 jobs were being cut from those levels. Investors and analysts had speculated that 10.0%, or 35,000 jobs, would be cut leading up to Monday’s announcement. The firm said these reductions will reduce expenses in the coming 12 months by as much as $52.0 billion.

    During the company meeting, Pandit said there are four key economic cycles in play that need to be rebalanced: housing, savings-consumption, deleveraging and commodities. The housing-cycle curve is finally beginning to “bend” in some areas, he said, but “the trickiest cycle to rebalance is the savings versus consumption cycle. Although we are seeing the savings rate rise, this comes at the expense of unemployment and lower economic activity,” he said.

    Citi is forecasting U.S. unemployment rates of 7.0-9.0% in 2009 and has set aside $12.4 billion in loan-loss reserves with these figures in mind.

    The company has been under pressure to perform after posting four consecutive quarterly losses with a combined deficit of more than $20.0 billion and losing a high-profile struggle with Wells Fargo (nyse: WFC – news – people ) to acquire Wachovia (nyse: WB – news – people ). (See “Citi Fights For Wachovia”) Meanwhile, its similarly sized-rivals, JP Morgan Chase (nyse: JPM – news – people ) and Bank of America (nyse: BAC – news – people ), have managed to stay out of the red and strategically expand by swallowing weaker financial outfits. (See “Watching Wall Street’s Shotgun Weddings”)





    Vote for Diane!

    19 11 2008





    Free 10 days supply of Clarins product

    19 11 2008

     

    lobang for my friends

     

     

    i chose the anti aging product of course…i wana live forever young!





    Two town councils invested S$12m in Lehman—related structured products

    19 11 2008

    Wednesday, November 19

    SINGAPORE: The financial health of two Singapore town councils remains in the black despite their investments in failed Lehman—linked structured products. Holland—Bukit Panjang and Pasir Ris—Punggol Town Councils invested a combined S$12 million using their sinking funds.

    Going forward, the co—ordinating chairman of PAP town councils, Dr Teo Ho Pin, said future investments will remain diversified but will be on the conservative side.

    Just like thousands of Singaporean investors who have lost money on failed Lehman—linked structured products, the Holland—Bukit Panjang Town Council may lose its S$8 million investment.

    The town council invested 6.7 per cent of its sinking funds available for investment in Lehman Brothers’ Minibond Notes, DBS High Notes 5 and Merrill Lynch’s Jubilee Series 3 Notes.

    It had invested another S$3 million in Pinnacle Notes Series 6, but this investment was unaffected.

    For Pasir Ris—Punggol, its S$4 million investments in the Minibond Series 2 and 3 amounted to 2.6 per cent of its funds.

    Based on the 14 PAP town councils’ latest financial statements submitted to the National Development Ministry, these investments amounted to 0.6 per cent of their total funds of S$2 billion.

    Like many others, the town councils are anxiously waiting to see if the Lehman Minibond notes will be making dividend payments next month.

    Dr Teo Ho Pin, chairman, Holland—Bukit Panjang Town Council, said: “If there is a credit event that occurs next month for the Lehman Brothers’ Minibond, then that will be a default and… there’ll be a loss on that investment.”

    Town councils can invest up to 35 per cent of their sinking funds in financial instruments like equities, corporate bonds and funds.

    Holland—Bukit Panjang Town Council said while its investment income will be reduced as a result of the failed investment, its financial status remains in the black and improvement works will not be affected.

    During a six—year period starting from 2002, the return on its investments totalled about S$24 million. As of March 31 this year, it also has a total kitty of S$118 million.

    Over the last six years, the Holland—Bukit Panjang Town Council made a healthy investment return of more than four per cent every year. This is well above the average fixed deposit return of 0.9 per cent. With the investment income, the town council has been able to deal with the impact of inflation.

    Dr Teo continued: “Our assurance to our residents is that the sinking fund is still intact. We have adopted a very prudent approach in terms of investing our funds.

    “We have to continue to adopt a diversified investment strategy so we are able to achieve healthy returns for our town council funds, cyclical maintenance purposes and we have to balance between investment risk and returns.”

    Six other PAP—run town councils also have exposure to Lehman Brothers through their fund managers’ investment portfolio.

    These investments total some S$4 million and account for less than one per cent of each town council’s funds available for investments.

    The National Development Ministry said it has no plans to amend the investment guidelines it has put in place as town councils are in the best position to decide how to manage the funds.

    Senior Minister of State for National Development Grace Fu told Parliament on Monday it was not practical nor desirable for the ministry to be overly prescriptive in enforcing the guidelines, which seek to achieve an optimal balance between reasonable returns and financial prudence.

    Hougang and Potong Pasir Town Councils, the two that are managed by opposition MPs, have earlier said they do not have any investments related to Lehman Brothers products and their sinking funds are not affected by the failed financial instruments.





    Hijacked Saudi tanker reaches Somalia

    19 11 2008

     

    yes, though it sounds incredible, pirates r still a huge threat in modern day world

    18 Nov 2008

    A Saudi supertanker seized by pirates with a $100 million oil cargo in the world’s biggest ship hijacking reached Somalia on Tuesday, and another vessel was captured off the lawless state.

    The U.S. navy said pirates had transported the Sirius Star — seized 450 nautical miles southeast off Kenya at the weekend in the boldest strike to date by Somali pirates — to Haradheere port half-way up the Horn of Africa nation’s long coastline.

    Operator Vela International, shipping arm of state oil giant Saudi Aramco, said the 25-man crew was believed safe. They are from Croatia, Britain, the Philippines, Poland and Saudi Arabia.

    “At this time, Vela is awaiting further contact from the pirates in control of the vessel,” Vela said.

    Increasingly brazen pirate activity in the Gulf of Aden and Indian Ocean waters off Somalia has driven up insurance costs, forced some ships to go round South Africa instead of through the Suez Canal, and secured millions of dollars in ransoms.

    The capture of the Star is one of the most spectacular strikes in maritime history.

    “It looks like a deliberate two fingers from some very bright Somalis. Anyone who describes them as a bunch of camel herders needs to think again,” one Somalia analyst said.

    The seizure was carried out despite an international naval response, including from the NATO alliance and European Union, to protect one of the world’s busiest shipping areas.

    U.S, French and Russian warships are also off Somalia.

    Saudi Foreign Minister Prince Saud al-Faisal said his country would throw its weight behind a European-led initiative to step up security in shipping lanes off Africa’s east coast.

    “This outrageous act by the pirates, I think, will only reinforce the resolve of the countries of the Red Sea and internationally to fight piracy,” he said.

    But underlying the difficulty of containing the problem, China’s official Xinhua agency said on Tuesday a Hong Kong cargo ship was hijacked by pirates in the Gulf of Aden.

    NIGERIAN ‘MOTHER-SHIP’?

    Andrew Mwangura, coordinator of the East African Seafarers’ Association, said he thought a hijacked Nigerian tug was a “mother-ship” for the November 15 seizure of the Saudi vessel.

    The fully-loaded supertanker was probably low in the water and therefore easy to board by ladder or rope, he said.

    Normally, the increasingly well-armed and sophisticated Somali pirates use speedboats and satellite phones to coordinate attacks, with the mother-ship as a base for their operations.

    The seizure of the Star, three times the size of an aircraft carrier, followed another high-profile strike earlier this year by the pirates when they captured a Ukrainian ship carrying 33 tanks and other military equipment.

    They are still holding that vessel and about a dozen others, with more than 200 crew members hostage. Given that the pirates are well-armed with grenades, machineguns and rocket-launchers, foreign forces in the area are steering clear of direct attacks.

    Ship owners are negotiating ransoms in most cases.

    Middle East energy analyst Samuel Ciszuk said this would almost certainly be the case with the Sirius. “Due to Somalia’s status as a failed state and the anarchic nature of politics in the country, the negotiators have no other option but to respond to the pirates. There is no government which can intervene.”

    The Sirius held as much as 2 million barrels of oil, more than a quarter of Saudi Arabia’s daily exports.

    It had been heading for the United States via the Cape of Good Hope at the southern tip of Africa. It had 25 crew from Croatia, Britain, the Philippines, Poland and Saudi Arabia.

    Chaos onshore in Somalia, where Islamist forces are fighting a Western-backed government, has spawned this year’s upsurge in piracy. The Islamists, who are close to the capital Mogadishu, say that if they take control they will stop piracy as they did during a brief, six-month rule of south Somalia in 2006.





    Yahoo shares soar as Yang agrees to quit CEO post

    19 11 2008

     

    18 Nov 08

    Shares of Yahoo Inc soared nearly 15 percent on Tuesday on hopes that the departure of Jerry Yang, its embattled chief executive, would clear the way for a deal with Microsoft Corp.

    Yahoo announced late on Monday that Yang, whose leadership had come under growing criticism from shareholders after he failed to agree to a deal with Microsoft, would step down from his role as soon as the board finds a replacement.

    Yahoo is evaluating both internal and external candidates for the top post, and has hired executive search firm Heidrick & Struggles to run the search process.

    Analysts said Yang’s decision to step down is a sign that the board was frustrated with his efforts to turn around the company, which he co-founded. Yang took on the CEO role in June 2007.

    “Jerry’s resignation as CEO reflects failed promises he made while fighting off Microsoft’s offers, and the board’s displeasure with his go-it-alone strategy,” wrote Jefferies & Co analyst Youssef Squali in a research note.

    Microsoft on January 31 offered $31 a share, or $44.6 billion, to buy all of Yahoo, an offer the Internet company rejected. Microsoft later sweetened its bid but withdrew it in May after being turned down by Yahoo again.

    Analysts said Yahoo’s board could now grab the opportunity to approach Microsoft under a new CEO.

    “The departure of Yang could signal a new position by the board to reconsider the terms of a merger with Microsoft,” said Needham & Co analyst Mark May in a research note.

    He said the move was “appropriate” after Yahoo failed to strike a deal with Microsoft, teaming up with rival Google Inc to do a search advertising partnership that Google eventually abandoned.

    Yahoo’s shares rose 13 percent, or $1.37, to $12.00 in morning trading on the Nasdaq.

    The shares have fallen roughly 65 percent this year while Yahoo has struggled to find a way to make money as advertisers have scaled back on spending amid a wider economic downturn.





    Labour chief slams DBS

    17 11 2008

    15 Nov 2008

     

    LABOUR chief Lim Swee Say has criticised DBS Bank for failing to consult its staff union before retrenching workers and for not exploring other cost-cutting measures first.

    ‘We are disappointed by the sudden decision,’ he said yesterday, adding that the lack of communication has weakened the trust between its management and the union.

    ‘There was no prior consultation with the DBS staff union. There was no exploration with the union on other cost reduction alternatives.

    ‘It is regrettable because trust takes a long time to build but a short time to destroy.’

    Mr Lim, secretary-general of the National Trades Union Congress (NTUC) and adviser to the DBS union, responded by e-mail to queries from The Straits Times. He later released his reply to other media.

    His uncharacteristically strong remarks came as the bank carried out Day 2 of its retrenchment exercise. In all, 900 employees will go, slightly more than half from Singapore and the rest from Hong Kong.

    The move has drawn flak from the public as being pre-emptive rather than reactive. Sharing that sentiment, Mr Lim said: ‘Perception on the ground is that DBS has decided on retrenchment as the first resort. Ground reaction is critical and highly negative.’

    He emphasised that the NTUC was not stubbornly opposed to retrenchment, preferring only that companies cut jobs as a last resort.

    ‘We do not demand zero retrenchment because we know full well that at times, it is better to let go of some workers so that the remaining workers can survive and keep their jobs, than for the business to be closed down and for all workers to lose their jobs,’ he said.

    ‘However, we do not support retrenchment as the first resort because there are alternatives for us to explore together to reduce costs and save jobs – from a flexible wage system to flexible work arrangements.’ He also cited, among others, implementing a shorter work week and paying less bonus.

    DBS announced its retrenchment plan a week ago, after reporting that its third-quarter net profits had dropped 38 per cent from a year ago to $379 million.

    It said the layoffs would help streamline and restructure the company as it battled the effects of the global financial crisis.

    The 900 affected staff make up 6 per cent of the bank’s 15,000-strong workforce in 16 economies.

    Staff union president Nora Kang said yesterday that the bank told her of the decision just three days before it was made public.

    ‘I asked them: ‘Why so sudden? Why such short notice?’ They explained it was a very last-minute decision and not an easy one to make,’ she said.

    What DBS did, she added, went against the usual practice of management giving unions a month’s advance notice of mass layoffs.

    The short notice also meant there was no room for her to negotiate for other cost-cutting options to be considered. ‘I’m disappointed with the management, but I have to focus now on helping the retrenched workers,’ she said.

    Mr Lim said the bank management had responded positively to a request for training grants to help arm the affected workers with new skills for jobs in growth sectors.





    Budget in Jan, before CNY

    17 11 2008

    Prime Minister Lee Hsien Loong has announced that Singapore’s Budget Statement will be brought forward to January next year.

    The Budget Statement is usually delivered by the Finance Minister in February.

    Prime Minister Lee said Singapore’s economic growth next year could be negative, and to help cushion the slowing economy, Budget Statement 2009 will be brought forward to before the Lunar New Year which falls on 26 January.

    The government intends to announce plans to stimulate the economy, support jobs and strengthen competitiveness.

    Mr Lee said the government is working out the best combination of measures for the coming Budget with the aim of not just helping Singaporeans with the present downturn but also to build up strength for the future.

    He was speaking at the annual People’s Action Party conference on Sunday.

    Mr Lee, who is also the party’s secretary—general, said the Singapore recession may last a year but beyond that, there may be several years of slow growth before things get back on track.

    He said: “We have to be prepared for more surprises because more things could possibly go wrong and for Singapore we have to be prepared that next year’s growth could well be negative.

    “This is not a problem we can solve with one dose of medicine. It is a situation which is going to last for some time. Therefore we have to watch how it unfolds, measure up our response and adjust our policies as the situation develops and that is what we will do.”

    One of the things that Singapore will do is to have a Skills Programme for Upgrading and Resilience for workers. Details of the programme are expected next week.

    Mr Lee said: “Even for those who are still in jobs, we have to train them because if companies have excess workers it is better for us to train and upgrade them rather than to retrench them and leave them on the streets.”

    As for local businesses, Mr Lee announced a lifeline saying the government will enhance its financing schemes to help small and medium enterprises get access to credit. Mr Lee stated that many companies are basically sound but banks are tighter with loans in the current climate.

    Prime Minister Lee noted that it is fortunate that inflation has moderated. He said that for several months sharp increases in global food and energy prices had led to high inflation in Singapore.

    Mr Lee has asked for an update from the Trade and Industry Ministry on the electricity tariffs here.

    “I asked MTI. They said, yes, by January electricity prices should come down, (and) if you are lucky, below where they were in October this year,” he said.

    Mr Lee cautioned that the Singapore economy will not do as well as the last few years. But he added that through government leadership and help and the efforts of Singaporeans, he is confident the country will pull through the global downturn.





    Pinnacle Notes

    17 11 2008

    SINGAPORE: Pinnacle Notes investors gathered at the Speakers’ Corner on Saturday.

    This followed the announcement by Morgan Stanley that the Pinnacle Notes Series 9 and 10 may now be worthless.

    About 700 retail investors in Singapore invested some S$26 million in the product.

    “My mum don’t know English and when I went with her to see the consultant to talk about the product, (everything) that they showed (was) in English, and what happened is they did not give my mother all the facts (and tell her) all the risks involved,” said the son of a Pinnacle Notes investor, Lim Boon Lee.

    Investors will be appealing to the Monetary Authority of Singapore (MAS) to deal with the Pinnacle Notes as they did with mini—bonds.

    A Pinnacle Notes investor, Yin Mun Poh, said: “They show you this money goes to these places, but how much money went to these government bonds we don’t know. Now they say that the money (was) being put into Lehman Brothers and all the housing society loans, I didn’t know (that).”

    Many investors are saying they feel cheated and that the Pinnacle Notes Series 9 and 10 were mis—sold to them by financial institutions.

    Investors who have been in touch with distributors here in Singapore say that response has been minimal.

    Pinnacle Notes 9 and 10 were distributed in Singapore by DMG & Partners Securities, Hong Leong Finance, Kim Eng Securities, OCBC Securities and UOB Kay Hian.

    Investors who bought the product through Hong Leong Finance have been asked to sit for an interview in two weeks, although the investors do not know what the interview will entail.

    MAS said that investors who feel the product has been mis—sold to them should seek advice from the relevant financial institutions.





    temasek and tata

    17 11 2008

    NEW DELHI, Nov 16 – Temasek [TEM.UL] is yet to take a final decision on whether to exit Indian’s Tata Teleservices [TATASL.UL], but is likely to remain invested, a senior official said on Sunday.

    Temasek owns about 9 percent in India’s sixth-largest mobile operator, in which Japan’s NTT DoCoMo <9437.T> on Wednesday agreed to buy a 26 percent stake for $2.7 billion.

    “It’s too early to take a call. As of right now we are probably going to remain invested,” Manish Kejriwal, senior managing director at Temasek’s India unit, told reporters at the India Economic Summit.

    “We look at all options and if the option is available, we will study it. But as of right now, we are very happy with our investment, which has more than tripled in value,” Kejriwal said, declining to say how much they paid for the stake in 2006.

    Unlisted Tata Teleservices is part of the sprawling Tata Group, and group firms own about 80 percent of it, while investor C. Sivasankaran holds 8 percent.





    tigers kill man article

    17 11 2008

    SINGAPORE, Nov 13, 2008 

    An apparently disturbed worker was mauled to death by three tigers at the Singapore Zoo on Thursday when he deliberately jumped into their enclosure, the zoo said

    The white tigers pounced on the 32-year-old contract cleaner after he jumped into the moat surrounding their enclosure and then moved toward the animals, the zoo said in a statement.

    The zoo, one of Singapore’s most prominent tourist attractions, described the victim as “apparently disturbed and agitated”.

    Fellow workers reported that he “was acting a little bit erratic and odd, throwing papers around” before the incident, assistant director of zoology Biswajit Guha told Singapore’s 938Live radio.

    Guha said the cleaner worked at the chimpanzee area and was on his lunch break when the tragedy occurred.

    “Goodbye, I won’t be seeing you again,” Guha quoted the victim as telling one of the zookeepers.

    “And they saw him riding off on a bicycle and coming back in through the front entrance again, and then about five minutes later, the whole alert came on the walkie talkie,” he said.

    Horrified visitors screamed as zookeepers rushed into the tiger enclosure to try to rescue the victim.

    They threw rocks to try to distract the animals, which dragged their victim toward a passageway, said Guha.

    Zoo workers finally succeeded in luring the tigers away from the man and confining them to their pens, but paramedics later pronounced him dead.

    The victim had injuries mainly to his head and neck, Lieutenant Colonel N. Subhas, the director of public affairs with the Singapore Civil Defence Force, told AFP.

    The zoo identified the dead man as Nordin Bin Montong, a zoo contract worker from Malaysia.

    “At no time was any visitor or Singapore Zoo staff exposed to any danger,” the zoo said.

    Police said they were called to the zoo about 12:30 pm (0430 GMT) and were investigating the “unnatural” death.

    The zoo said the moat and other permanent safety features at the enclosure meant there was no risk to visitors or staff.

    “Nonetheless, we have temporarily closed the White Tiger exhibit to visitors to facilitate investigations into this unfortunate incident,” it said.





    “pop art barack obama shirt”

    17 11 2008

    i want one too !





    white tiger kills man

    17 11 2008

     

    shocking!  and why in the world would someone in their right mind go into the tigers’ enclosure

     

    Nov 13, 2008

    A CLEANER, who climbed into the enclosure of three Sumatran white tigers on Thursday was set upon and mauled to death.

    Singapore Zoo’s white tigers
    The Singapore Zoo has three white tigers, Omar, Winnie, and Jippie.

    Earlier this year, 9-year-old Omar was short-listed as a possible contender to replace Ah Meng as the zoo’s icon.

    Earlier before the attack, Mr Nordin Montong, 32, a contract worker from Sarawak, was seen acting strangely.

    An Australian couple, who did not want to be named, said that they heard a splash and saw the worker making his way across the 10 metre-wide moat at 12.15pm.

    At the other side, he looked as if he wanted the tiger ‘to check him out,’ they told The Straits Times.

    Waving a broom and pail, he approached the big cats, each weighing over 100 kg.

    The largest tiger lunged at him and he fell and quickly recoiled in a foetal position while trying to cover her head with the pail.

    The horrified Australians and other visitors at the enclosure thought it was part of a show until one of the tigers bit Mr Nordin’s back and started dragging him to the tigers’ den.

    They started screaming.

    The commotion alerted a keeper nearby. He quickly used his walkie-talkie to raise an alarm.

    About 20 other keepers came forward and managed to get the tigers back in the den. The police was called and an ambulance arrived at 12.45 pm.

    While waiting for the ambulance, Zoo vets and keepers attended to Mr Nordin but found that he had a bite on the neck and a fractured skull.

    He died shortly after.

    Software consultant W.R. de Boer said he was watching the white tigers when he noticed Mr Nordin in the moat with a broom and a pail.

    The 40-year-old Dutch national said that there were 20 to 30 visitors at the enclosure and he had thought thought it was a show until he saw a tiger’s claw take a swipe at Mr Nordin, who screamed out in pain.

    ‘We all started shouting at the tigers telling them to go away and one person even threw at umbrella at the two tigers that were attacking Mr Nordin.

    The third tiger was about 10m away and did not join in the frenzy.

    An Australian couple told zoo authorities that they had seen Mr Nordin shouting and throwing things when he walked past the crocodile earlier in the day.

    Mr Nordin was also seen leaving the zoo in an agitated state at about 12 noon by colleagues, said the zoo director of marketing and communications Isabel Cheng.

    Mr Nordin started working for the zoo in June. His family has been informed of his death.

    As a precautionary measure, the Zoo has temporarily closed the White Tiger exhibit.

    Police and the Zoo are investigating the incident.





    Team of rivals

    17 11 2008

     

    this term ‘team of rivals’ is being thrown around alot for obama’s staff selection for white house.

    personally i haf heard some great leaders in my ex coy comment on leadership and i agree wif this point too.  it’s always easy and tempting to surround yourself with ppl like urself.  but a great leader has a diverse team who can offer him different perspectives and haf different strengths to complement him.

     

    President-elect Obama reaches out to former rivals

     

    WASHINGTON – Presidents typically say they want to be surrounded by strong-willed people who have the courage to disagree with them. President-elect Barack Obama, reaching out to Hillary Rodham Clinton and Republicans, actually might mean it.

    Abraham Lincoln meant it. He appointed his bitter adversaries to crucial posts, choosing as war secretary a man who had called him a “long-armed ape” who “does not know anything and can do you no good.”

    You could say his Cabinet meetings were frank and open.

    Richard Nixon didn’t mean it.

    “I don’t want a government of yes-men,” he declared. But among all the president’s men, those who said no did so at their peril. He went down a path of destruction in the company of sycophants.

    It so happens that Obama and New York Sen. Clinton share a reverence for “Team of Rivals,” Doris Kearns Goodwin’s book about how Lincoln brought foes into his fold. Clinton listed it during the campaign as the last book she had read. Obama, clearly a student of Lincoln, spoke of it several times.

    Now past could be prologue.

    Obama is considering Clinton for secretary of state or another senior position, meeting John McCain on Monday to see how his Republican presidential rival might help him in the Senate, and sizing up one-time opponents in both parties for potential recruitment. He made one Democratic presidential opponent, Delaware Sen. Joe Biden, his running mate.

    “I think it reflects a great inner strength on Obama’s part that he is seriously considering creating a team of rivals as Lincoln did,” Goodwin told The Associated Press on Friday.

    “By surrounding himself with people who bring different perspectives, he will increase his options, absorb dissenting views and heighten his ability to speak empathetically to people on different sides of each issue. The challenge, of course, is to ensure that the discussions do not become paralyzing, and that once a decision is made the inner circle accepts that the time for debate is over,” she said.

    During the bitter primary campaign, Clinton dismissed Obama as a neophyte who could not be trusted to handle crises and who had not done much more in politics than make fancy speeches. Obama sniffed that “you’re likable enough, Hillary.”

    Yet she strongly supported Obama in the general campaign, not unlike William Henry Seward, the Hillary Clinton of his day.

    Seward, the front-runner in the race for the 1860 Republican nomination, was so confident of taking the prize that he went on an eight-month tour of Europe a year earlier, only to see Lincoln vanquish him. Lincoln buried animosities and made him secretary of state.

    Lincoln also enlisted Democrat Edwin Stanton as his second war secretary, despite being humiliated by Stanton years earlier when they worked together as trial lawyers. Salmon P. Chase, a constant critic of Lincoln and another Republican rival, became his treasury secretary. Other rivals were put in the Cabinet, too.

    Lincoln’s reasoning: “We needed the strongest men. These were the very strongest men. I had no right to deprive the country of their services.”

    None of this has been lost on Obama, who said in May that Lincoln’s inclusion of former foes “has to be the approach that one takes.”

    At the time, he said he would consider McCain for the Cabinet if that made sense. Now, aides for both men say such a move is not in the works but they will seek other ways to cooperate.

    To be sure, the pledge to build a strong and politically diverse Cabinet of people who will not be cowed by the president and his aides is made in one election after another. It usually has all the staying power of a New Year’s resolution.

    Michael Nelson, in his “Guide to the Presidency,” noted that Jimmy Carter promised: “There will never be an instance while I am in office where the members of the White House staff dominate or act in a superior position to the members of the Cabinet.”

    That didn’t last long. Carter met weekly with his Cabinet in his first year, every two weeks in his second, monthly in his third and only sporadically in his fourth, Nelson calculated, tracing a typical pattern of good intentions lost in the wind.

    Walter Hickel, Nixon’s interior secretary, thought the president valued his contrary views “because, to me, an adversary in an organization is a valuable asset.” Not to Nixon.

    Hickel came to realize Nixon “considered an adversary an enemy.” The two particularly disagreed over the Alaskan pipeline — the secretary wanted to protect wilderness lands coveted by the oil companies.

    During one testy meeting, he asked Nixon whether he should leave his administration. “He jumped from his chair, very hurried and agitated,” Hickel recalled. “He said, ‘That’s one option we hadn’t considered.’” A week later, Hickel was fired.

    Goodwin says a true team of rivals is exceptionally difficult to make work in these days of hyperpartisanship, scandal-hungry blogs and raw feelings between parties and factions of the same party from the often nasty campaign. Disharmony in Lincoln’s Cabinet was largely kept inside the meetings, exposed years later in memoirs, and that’s not how the world works anymore.

    Still, she said the even-keeled Obama displayed a temperament in the campaign that could help him pull it off.

    “And I believe the country would respond with great enthusiasm, recognizing the great contrast to recent times.”

    Obama invited dissent in his election night victory speech, promising, “I will listen to you, especially when we disagree.”

    It remains to be seen whether he wants naysaying of the kind delivered by Stanton, who served as Democrat James Buchanan’s attorney general in one of the few instances in history when a Cabinet member from one party has gone on to serve a president of the other party in the succeeding administration.

    “You are sleeping on a volcano,” he warned Buchanan in the lead-up to the Civil War. Without prompt action, “you will be the last president of the United States.”

    He was no yes-man.





    灯火阑珊处

    16 11 2008

     

    辛弃疾
    青玉案·元夕
    东风夜放花千树,更吹落、星如雨。
    宝马雕车香满路,凤箫声动,玉壶光转,一夜鱼龙舞。
    蛾儿雪柳黄金缕,笑语盈盈暗香去。
    众里寻她千百度,蓦然回首,那人却在,灯火阑珊处

     





    General Motors plans more white-collar cuts

    16 11 2008
    Tuesday November 11
    General Motors says it met initial goals for white-collar cuts but now needs to cut even more
    NEW YORK - Just as General Motors Corp. reached its target for cutting white-collar costs, the struggling automaker now says it will reduce those costs even more as it seeks to plug its cash drain.GM said in a regulatory filing Monday that about 3,460 salaried employees have accepted buyout offers as of Oct. 31, exceeding the automaker’s target of 3,000. The cuts put GM ahead of its goal announced in July of reducing salaried labor costs by 20 percent, GM spokesman Tom Wilkinson said Tuesday.

    But GM’s financial situation has worsened considerably since then, and the company now says it will cut white-collar costs by an additional 10 percent, bringing the total reduction to 30 percent.

    “There will be more salaried employee cost reductions,” Wilkinson said. “We haven’t said specifically what mix of actions would achieve those.”

    Wilkinson said the additional cuts could take several forms, including additional buyouts, attrition or layoffs. GM had 32,000 salaried employees as of Sept. 31, he said, excluding the most recent buyouts.

    “The most expensive of those are involuntary separations,” Wilkinson said. “That’s the least desirable from a human resources standpoint and the least desirable from a financial standpoint.”

    These have been difficult times for GM, the No. 1 automaker by sales. The Detroit company posted a $2.5 billion quarterly loss Friday and said its cash burn had accelerated to the point where it could reach the minimum amount required to operate by early next year.

    The company has been lobbying fiercely in recent weeks for government assistance, saying it may be the only way to ensure its survival. Congressional leaders have been receptive to the idea, and House Speaker Nancy Pelosi on Tuesday called for “emergency and limited financial assistance” for the battered auto industry. She urged the outgoing Bush administration to join lawmakers in reaching a quick compromise and backed legislation to make the automakers eligible for help under the $700 billion bailout measure that cleared Congress in October.

    GM also said Tuesday it is reducing production at its Daewoo operations in South Korea to adjust to the weak vehicle market. The Daewoo unit, which makes the Chevrolet Aveo car, among other vehicles sold globally, “is being negatively impacted by the slowdown in the global auto industry due to the worldwide financial crisis,” GM said in a statement.

    The automaker also said it will scale back its presence at next week’s Los Angeles Auto Show, where it was scheduled to unveil its new Buick LaCrosse sedan. Vice Chairman Bob Lutz was to attend during the show’s press days Nov. 19-20.

    But GM said Tuesday it will unveil the new vehicle at the North American International Auto Show in Detroit in January, and Lutz will not go to Los Angeles.

    Shares of GM continued their free fall Tuesday, sinking 44 cents, or 13.1 percent, to close at $2.92 after touching a 65-year low of $2.75 earlier in the session.

     





    GM may run out of gas before Obama arrives

    16 11 2008

    Saturday, November 15

    DETROIT – In recent months, General Motors has been burning through about $3.1 million an hour, or $52,000 _ the price of a well-equipped Chevy Tahoe SUV _ every minute.

    How much longer can this go on? And perhaps more important, can GM hang on until Barack Obama and the new Congress can come to the rescue?

    With an auto industry bailout running headlong into Republican opposition on Capitol Hill, GM’s best hope of avoiding collapse might lie with the incoming administration. But the automaker is practically running on empty already, and analysts and others warn that it might be out of business by the time Obama is sworn in on Jan. 20.

    The nation’s largest automaker said it had $16.2 billion in cash at the end of September, raising the possibility that GM will fall below the minimum of $11 billion to $14 billion needed for day-to-day operations by the end of the year.

    If that happens, GM will be unable to pay some creditors, which could seize assets that were pledged as collateral or even try to force the company into bankruptcy.

    Worse yet, some suppliers could simply stop shipping parts unless they are paid cash on delivery, said Douglas Baird, a professor who specializes in bankruptcy at the University of Chicago Law School.

    “That’s the nightmare scenario they’re worried about, and we don’t know how far off that day is,” he said.

    Without parts, GM can’t build vehicles, make money and pay its creditors. Eventually some creditors might try to push the automaker into bankruptcy.

    “According to the bankruptcy code, it only takes three creditors to go into court and say this company is bankrupt in an involuntary manner. General Motors must have 25,000 to 35,000 creditors who could do that,” said Harlan Platt, who teaches finance and corporate turnarounds at Northeastern University in Boston.

    What’s more likely than bankruptcy, according to Baird, is that GM would come to some kind of agreement with its creditors that would buy some time _ enough time, perhaps, for Obama to take office and change the odds of a government bailout.

    “I can guarantee you they are having those conversations now,” Baird said.

    Democrats in the lame-duck Congress are pressing for a bailout of Detroit’s Big Three automakers with money taken from the $700 billion Wall Street rescue. But President George W. Bush and many Republicans have come out against the idea, arguing that the financial rescue package was not intended for such uses, and that a bailout would reward poor management and lead other industries to demand government handouts, too.

    Obama has expressed support for Detroit’s auto industry, and he will start his administration with bigger majorities in both chambers of Congress.

    Still, United Auto Workers President Ron Gettelfinger said Friday that the industry can’t wait for Obama.

    “In my opinion, we have to move sooner rather than later,” he said in an interview with Detroit radio station WWJ-AM. “If the industry should happen to go down, we without question will be facing a depression.”

    Rep. Dale Kildee, D-Mich., said: “Obama will do it when he gets there, but that’s two months from now _ time is essential.”

    GM, Ford and Chrysler are seeking $25 billion from the government to get them through the economic crisis and the worst sales slump in more than 25 years. But GM appears to be in the worst shape, warning that it can’t borrow from normal sources.

    The Center for Automotive Research, which receives funding from the auto industry, has warned that the collapse of the Big Three _ or even just GM _ could set off a catastrophic chain reaction in the economy, eliminating up to 3 million jobs and depriving governments of more than $150 billion in tax revenue over the next three years.

    GM has said Chapter 11 bankruptcy _ under which the automaker would continue to operate while holding its creditors at bay and overhauling its finances _ is not an option because that would scare away customers.

    Some industry analysts say doubts about the company’s chances of survival already are driving away would-be buyers, who worry that their warranties might not be honored or that they might not be able to get replacement parts.

    Chapter 11 bankruptcy may be of little use anyway, Baird said, since GM may not be able to get the necessary financing to reorganize itself. That could lead to Chapter 7 liquidation, in which the automaker’s assets would be sold off piecemeal.

    Fitch Ratings analyst Mark Oline said GM’s ability to make it until Obama can help will probably depend on its trade creditors, or those that provide parts and raw materials to make cars and trucks.

    “They would have to continue to enjoy the forbearance of their trade creditors,” Oline said. “It’s really in the hands of the federal government and trade creditors at this point.”

    Normally in such cases, creditors back off, Baird said. “With the new administration coming in, with cooler heads prevailing, they’ll be able to muddle through for a while,” he said.

    But creditors won’t be patient for long, given GM’s debt and history of losses, Baird said.





    GM Daewoo to shut down for two weeks amid sales slump

    16 11 2008

    SEOUL (AFP) – - The South Korean unit of General Motors Corp on Friday announced a two-week shutdown of its plants due to slow sales and said there may be further suspensions if the market worsens.

    GM Daewoo will suspend production from December 22 to January 4, said spokeswoman Lim Young-Mi, the first such shutdown since GM took over Daewoo in 2002.

    The firm said in a statement that it and all other carmakers have been hit by the global economic slowdown. “As we review our outlook for exports and domestic volume we will adjust our production schedule in line with reduced vehicle demand.”

    Lim said the company would consider further suspensions “if the market situation worsens” but added that there had been no decision on whether to delay the launch of new models.

    The firm has previously said it will debut its new Matiz mini car in Korea early next year, without giving a schedule for other launches.

    In October GM Daewoo reported that its auto sales declined 11.3 percent from a year earlier to 73,180.

    General Motors and other US automakers are in dire straits because of the global slowdown.

    Its chief executive Rick Wagoner has said it needs to line up a federal aid package even before president-elect Barack Obama takes office in January.





    GM failure could fracture the industry

    16 11 2008

    Friday November 14

     

    If General Motors really does run out of money by the end of the year, as it predicted was possible, the impact would be felt far and wide – to hundreds of suppliers, rival automakers and ultimately dealers across the nation.

    ADVERTISEMENT

    “Once the first domino falls, it rapidly takes out all the other dominoes,” said Dennis Virag, president of the Automotive Consulting Group.

    Suppliers would be among the first to feel those effects since GM only manufactures the body, the engine and the transmission used in its cars.

    In the United States alone, GM spends $31 billion on parts from 2,100 different suppliers. These include the “direct suppliers” involved in producing a vehicle – those that provide everything from steering wheels and seatbelts to brakes and airbags – as well as “indirect suppliers” – those that make things such as gloves, protective eyewear, shop rags and lightbulbs.

    Although lawmakers appear to be souring on providing a $25 billion bailout to automakers, the impact of a GM failure on the industry as a whole – and therefore the economy as a whole – is weighing heavily in their decisions.

    So far this year, 23 major auto-related companies, most of them parts suppliers, have filed for bankruptcy, according to consulting firm Grant Thornton. They are struggling since car makers have cut back as sales have slowed and raw-material prices have risen.

    “I would argue that in today’s environment, with the stress that’s already on the supply base, they can’t take another hit,” said Kimberly Rodriguez, a principal at Grant Thornton’s automotive practice. “The ripple effect would be huge,” she added.

    Impact on rival car makers

    As supplier companies fail, that would have a direct impact on Ford and Chrysler, since the three domestic auto manufacturers share about 70% of their suppliers, Rodriguez estimated.

    One executive who works for a Detroit automaker, and who did not want to be named, said the impact of GM – or any of the three – failing would be dramatic and very challenging.

    Not all those affected would suffer equally, but it is hard to predict which companies would be hit hardest, because the relationships among the various suppliers and automakers are complex, he said.

    Impact on dealers

    A GM failure would also affect about 14,000 dealers in the United States, according to the industry newspaper Automotive News. That is almost half of the nation’s 29,000 dealerships that specialize in domestic vehicles.

    But even if those 14,000 GM dealers also offer foreign cars, the risk of losing their supply of domestic vehicles could force many of them out of business, said Paul Taylor, an economist with the National Automobile Dealers Association. Already, he noted, the industry is expected to lose about 700 dealers by the end of this year, up to 80% of which will be domestic-brand stores.

    Car companies are wary of publicly discussing the possibility of financial disaster because it makes it harder to sell the cars that are on dealer lots today, said consultant Virag. Customers don’t want to buy from a company they fear may soon be insolvent.

    “It’s a difficult situation that the automakers are in,” said Virag. “To talk about bankruptcy would only exacerbate the situation, but not talking about it isn’t helping.”

    But whether a bankruptcy would help suppliers and everyone dependent upon GM is still uncertain.

    If it is determined that GM could file for bankruptcy under Chapter 11 rules, rather than a Chapter 7 liquidation, the automaker could potentially reorganize. That way the company could seek permission to pay outstanding bills to “critical suppliers” that it absolutely needs, said Robert Sanker, a Cleveland bankruptcy attorney who has represented creditors of bankrupt auto suppliers.

    Still, Sanker said, relatively few suppliers would be granted “critical supplier” status in court, leaving many more that would have payments cut off.

    And GM is says it is not considering Chapter 11, but rather is continuing to seek government assistance. “Bankruptcy reorganization is not an option for GM because it would create more problems than it would solve,” said spokesman Dan Flores.

     





    US space-funeral company plans to launch lunar cemetery

    16 11 2008

    Saturday, November 15

     wow!  lunar burial…so cool !  den every time look at the moon will rem the deceased or the deceased can observe earth all the time

     

    MIAMI – A US funeral business that specializes in launching cremated human remains into Earth’s orbit has begun taking reservations for landing small capsules of ashes on the moon, announced the company’s founder.

    ADVERTISEMENT

    “Celestis’ first general public lunar mission could occur as early as 2010 and reservations are now being taken,” said Charles M. Chafer, Celestis founder and president, in an email to AFP.

    “We can send up to 5000 individual capsules to the lunar surface,” he said.

    The company hopes to install a cemetery on the lunar surface to hold cremated remains of the dead, or a smaller symbolic portion of them, which one day could be visited by relatives of the deceased, said Chafer.

    For transportation, Celestis has made deals with two other US private space companies, Odyssey Moon and Astrobotic Technology, which are currently working on making commercial flights to the moon.

    For sending a tiny, one gram portion of cremated remains to the moon, the company charges 9,995 dollars, according to Celestis’ website.

    Other funeral services besides the full lunar trip include sending ash into Earth’s orbit — the cheapest option, starting at 700 dollars — and all the way up to launching remains far, far away into deep space, for which the company charges more than 37,000 dollars.

    The latter option is expected to be available from 2011, after the development of a special capsule to hold the remains, the company said.

    Ten years ago NASA paid tribute to top US astronomer Eugene Shoemaker by carrying into space a portion of his cremated remains.

    After a year in lunar orbit Shoemaker’s remains were intentionally planted on the moon’s south pole, the first time human remains have been landed on the lunar surface — but maybe not the last time.





    Opel asks for German public loan guarantees

    16 11 2008

     Saturday, November 15

     

    BERLIN – German carmaker Opel, a unit of troubled US giant General Motors, said on Friday it has asked Berlin and regional states for credit guarantees to ensure its financing.

    The request follows a GM announcement that, in the wake of global market turmoil and the crisis in the US automobile sector, it would be seeking help in countries where it has major operations.

    European data on Friday showed a plunge in new car sales in October.

    “The aim of the current discussions is to make preparations for guaranteeing further loans because the global financial situation of our parent company General Motors has worsened,” supervisory board chairman Klaus Franz said in a statement, echoing comments earlier by company chief Hans Demant to the business daily Handelsblatt.

    “We want to ensure Opel’s future in Europe but also jobs, which is why we have the full support of our employees.”

    The statement said that Opel had spoken with the German federal government as well as the states where the company has plants — Hesse, North Rhine-Westphalia, Rhineland-Palatinate and Thuringia — about loan guarantees.

    “They would be necessary if the economic situation at GM worsened with direct consequences for the core business activities of Adam Opel GmbH,” it said.

    An economy ministry spokesman said it would wait to see a specific figure from Opel on the amount it was seeking in guarantees and then talk with representatives from the local states.

    Opel said loan guarantees, if needed, would cover investment in product development and assembly plants at sites in Germany “and under no circumstances outside Europe”.

    It said the conditions for the load guarantees were being hammered out with experts from the German government and the states affected.

    Handelsblatt reported that Hesse, home to the business capital Frankfurt, was willing to guarantee loans of up to 500 million euros (633 million dollars) for Opel. A local government spokesman declined to comment.

    Last month, GM said that effects of the international financial crisis and economic slowdown had led it to interrupt production at two German plants that employ more than 6,500 people.

    Opel said on Monday it had asked Chancellor Angela Merkel to help Germany’s ailing auto sector with measures including tax incentives for new car purchases, the establishment of low-cost consumer loans and a bonus for taking cars more than 10 years old off the road.

    The maker of the Astra and Corsa models is also seeking a pan-European plan worth 40 billion euros to provide low-cost loans from the European Investment Bank.

    Members of Merkel’s governing coalition agreed this week to scrap the tax on new cars bought in the first half of 2009, with cars that emit fewer greenhouse gases exempt for up to two years.

    But Opel, which has been hit by the economic slowdown and has had to scale back production due to slipping demand, has said the move favours makers of larger cars such as Daimler or BMW.

    Berlin has also earmarked 400 billion euros in credit guarantees but the funds are reserved for banks in a bid to restore confidence in lending.

    General Motors, meanwhile, is threatened by a looming liquidity crisis and has also asked the US government for aid.





    air france pilot strike

    16 11 2008

     

    Saturday, November 15

     

    PARIS - Air France passengers around the world suffered cancellations and long delays Friday as pilots began a costly four-day strike to protest new rules that will make them work until the age of 65.

    The airline said it had cancelled two fifths of its long-haul flights and half of its medium-haul flights on Friday, while unions warned that even more flights might be called off over the weekend.

    “Air France is maintaining 50 percent of its activity by calling on pilots who are not striking, but that cannot last because the ’stock’ of non-strikers will run out,” said Geoffroy Bouvet, spokesman for the SNPL main pilot union.

    But the airline insisted it would manage to increase the number of long-haul flights on Saturday, bringing them up to between 65 and 70 percent of the normal schedule.

    Air France said 40 percent of its pilots had stopped work, but the SNPL said the figure was as high as 80 percent.

    The strike kicked off at 2300 GMT Thursday and was set to continue until Monday at midnight local time (2300 GMT).

    Air France said in a statement that it “apologises to all passengers for this unacceptable situation” and offered compensation, refunds or later travel dates to all customers hit by the stoppage.

    Air France, the French airline owned by the Franco-Dutch airline group Air France-KLM, says it has an average of 760 flights to European destinations and 73 long-distance flights from Paris on an average day.

    Its partner airlines Brit Air, Regional, CCM and Airliner were also affected by the strike but less severely.

    France’s state-run SNCF rail company said it would run extra high-speed trains over the weekend to provide an extra 130,000 places to provide alternative domestic transport for strike-hit travellers.

    The SNPL union called the strike to protest legislation that would effectively end the current requirement for pilots to retire at 60, and flight attendants to wrap up their careers at 55.

    The legislation, tacked onto a wider bill on financing social security in 2009, was adopted by France’s National Assembly on November 1.

    It is currently being examined by the Senate upper house of parliament. The strikers want the Senate to withdraw the plan.

    Air France-KLM chairman Jean-Cyril Spinetta denounced the strike, saying Thursday it would cost 100 million euros (125 million dollars) and that four days of massive disruption would seriously damage passengers’ trust in the airline.

    French Transport Minister Dominique Bussereau insisted that proper negotiations had been carried out with pilots who would under the new rules still be able to retire at 60 if they so chose.

    A minority Air France pilot union, the USPNT, said it was not joining the strike because “the reform remained optional.”

    The SNPL said in a statement that the legislation was a “violation of the commitment (by the French transport minister)… that any change in the retirement age for pilots would be preceded by negotiation with the social partners.”





    pretty flower!

    14 11 2008

    flower1 flower2

    so anna sui and so useful too !   i luv tis hp trinket

    tink it’ll look great as pendant or ring but couldn’t find leh…got some awful maroon coloured flower ring…eeks!





    Singapore govt will not bail out Marina Bay IR project

    13 11 2008

    The Singapore government says it will not bail out the Marina Bay Sands integrated resort project in Singapore, which is being built by troubled United States gaming firm Las Vegas Sands.

    And Senior Minister of State for Trade and Industry, S Iswaran, says Sands has also not requested for a bailout.

    There have been concerns about whether Sands has the financial ability to finish the resort at Marina Bay, after it ran into financial difficulties.

    Sands has been working to avoid defaulting on bank covenants and announced on Tuesday that it was raising some US$2 billion in capital.

    Las Vegas Sands won the bid two years ago to build the Marina Bay integrated resort, one of Singapore’s tourist magnets. The S$5.4 billion project, to be ready next year, is a commercial one from the start. That is why Singapore authorities will not bail it out should it fail.

    There has been speculation, though, that government—linked companies may be interested. But Mr Iswaran made it clear that it is something for the companies themselves to decide.

    “Government—linked companies are commercial enterprises. They have to make their own decisions on whether an investment makes sense for them or not. It’s not for the government to tell them what to do,” he said on the sidelines of an industry conference.

    For now, construction work continues at the integrated resort. Sands said it has the money to see the project through, after raising over US$2 billion in capital.

    “This fund—raising that Sands has done is an example of what they need to do in this environment in order to strengthen their balance sheet and be able to fund the relevant project. They have to do some prioritisation and that is what I think they are doing, and that is the right thing,” said Mr Iswaran.

    On the jobs front, Mr Iswaran said Marina Bay Sands has already started recruitment and there is no reason to think that a substantive portion of those jobs will be lost. However, some of them could be deferred due to delays in some elements of the project.

    Mr Iswaran revealed that Sands has asked the Singapore Tourism Board to adjust the time—line for the construction of the resort. The request is being reviewed.

    The government and Sands have a development agreement which sets out clear rights for both parties, including penalties for delays. But Mr Iswaran said the government will monitor the situation closely before deciding on exercising those rights.





    Las Vegas Sands proposes $2.14B rescue plan

    13 11 2008

    Billionaire Sheldon Adelson has doubled down on his half-billion dollar bet this fall on Las Vegas Sands Corp. in a plan intended to keep the company from defaulting on its debt and falling into bankruptcy.

    The plan for infusing $2.14 billion in new capital into the company dramatically reduces Adelson’s controlling stake even as he agreed to invest another $525 million.

    The company will not seek shareholder approval for the emergency plan it announced Tuesday, even though it more than doubles the number of outstanding shares, massively diluting their value for current shareholders, claiming an exception in New York Stock Exchange rules.

    The company warned that any delay caused by getting shareholder approval “would seriously jeopardize the ability to complete the offerings as well as the financial viability of the company.”

    The transactions are set to close Friday.

    Trading in the Las Vegas-based company’s stock on the New York Stock Exchange was halted briefly Tuesday. It closed down 33 percent, or $2.66, at $5.34, after trading resumed. The stock has traded between $4.32 and $122.96 during the past 52 weeks.

    Analysts greeted the plan with caution.

    “We view the capital raise as a mixed blessing,” Morgan Stanley analyst Celeste Mellet Brown said in a research note. “While it appears the company has alleviated bankruptcy risk, it has done so at a heavily dilutive price.”

    “In this market, capital comes at a high price,” noted Stifel Nicolaus analyst Steven Wieczynski, “and Las Vegas Sands is certainly paying for it.”

    The company said it would raise $1 billion in capital by selling 181.8 million new shares at $5.50 apiece and another $519.6 million in the form of new preferred stock priced at $100 each.

    Adelson, the 75-year-old founder and chief executive, will buy with his wife Miriam $525 million in preferred stock and must convert into common stock the $475 million in convertible notes they purchased a month ago.

    Investors in the preferred shares, including the Adelsons, received with each one a five-year option to buy another 16.7 common shares at $6 _ which could raise another $1.04 billion.

    Some 460.5 million new common shares will be released on top of the 355.7 million already in circulation so _ despite the new investment _ the Adelson family’s stake in the company will fall to just over 51 percent, down from 69 percent earlier this year. Once the plan goes through and the capital is raised, their stake will be about $2.2 billion.

    The company’s current situation is a remarkable setback for Adelson, once considered the third richest man in America by Forbes magazine with an estimated worth of $28 billion as recently as September 2007, much of which was tied up in shares.

    Since hitting $145.57 on Oct. 2, 2007, Las Vegas Sands shares have lost 96 percent of their value.

    The action follows Sands’ announcement last week that it is in danger of breaching lending conditions and defaulting on $5.2 billion in credit facilities secured by its Las Vegas operations.

    Sands reported weaker-than-expected results Monday for the third quarter and said it suspended several projects, including its $600 million St. Regis condominium tower in Las Vegas and two sites on the Cotai Strip in Macau.

    The Macau sites cost $1.16 billion so far and would cost another $430 million through June to suspend.

    On Tuesday, Macau’s leader, Chief Executive Edmund Ho, said the government of Chinese gambling enclave was aware of Las Vegas Sands’ funding difficulties, but was not in a position to intervene.

    “Because of its over-leveraged borrowing in the U.S. and around the world, it’s normal and expected that it has to suspend some of its projects,” he said.

    “Until now, the Macau government has no concrete measures to help it solve its financing difficulties immediately,” he said.





    Completing Singapore casino number one priority: Sands

    13 11 2008

    Completion of a casino project in Singapore remains the top priority of US gaming giant Las Vegas Sands, the firm’s chairman said Tuesday while announcing a halt to some developments in Macau.

    “Completing and opening Marina Bay Sands is the number one priority for our company,” Sheldon Adelson, Las Vegas Sands chairman and chief executive, said in a statement.

    The Marina Bay Sands development is scheduled to open in Singapore by the end of next year.

    “As part of my visit to Singapore last week, I assured the government we were very committed to the success of Marina Bay Sands and would have the funding necessary to complete this development. That is exactly where we stand today,” he said.

    Last Friday Adelson affirmed the company’s commitment to its Singapore casino after a filing with US regulators sparked doubts about its financial health.

    Las Vegas Sands’ US-listed share price has plummeted from 148 dollars last October to around eight dollars this month on worries about its debt burden. But the company said it was “in the process of” raising an additional two billion US dollars in funding commitments.

    Las Vegas Sands also said Tuesday it was halting part of its huge development in the southern Chinese gambling haven of Macau due to trouble accessing credit during the global financial crisis.

    The firm, which operates two casinos in Macau including the giant Venetian, said that work on parts of a 12-billion-dollar resort and casino development on a reclaimed strip of land — called the Cotai Strip — would be stopped.

    It said it would continue to seek financing that would allow it to complete the project, which includes an 1,800-room Sheraton hotel and three casinos.





    windows live and cd burning

    13 11 2008

     

    i luv burning cd using windows live!

    so easy and quick!  can even remove and add more stuff though my cd is r only





    Demand for and prices of public housing flats expected to stay resilient

    12 11 2008

    The demand for and prices of public housing flats are expected to remain fairly resilient despite the economic downturn. Market watchers said this applies to both resale and new units.

    Close to 9,000 people have visited the Natura Loft showflat since it was launched for sale on October 31.

    Its developer, Qingjian Realty, has already received 500 applications, mostly for four-room units there. But only 480 units are being offered, and these are going for between S$450 and S$570 per square foot.

    Sales will close on November 15 and Qingjian expects demand for the new flats to be robust. Natura Loft is the Housing and Development Board’s fourth condo-style public housing project.

    Similarly, interest for public resale flats has not slowed. Property agents said the number of viewings for resale units jumped by 15 per cent in the last six weeks.

    Eric Cheng, executive director, HSR Property Consultants, said: “I did an interview with one of the consumers, they were sharing with me that ‘In today’s market, I don’t know how long my job will last, so to safeguard, I would rather go for subsidised (a) house, that is HDB, because how low could HDB go, HDB houses always will have a valuation to support the base value of the units’.”

    Market watchers expect prices of resale flats to grow by about 4 per cent in the fourth quarter, slightly slower than the third quarter – which saw a 4.2 per cent growth.

    ERA real estate agency projects price growth in the HDB resale flats segment to be at between 15 and 17 per cent for the whole of 2008. And it also said it is going to be a buyer’s market for now, due to the challenging economic conditions.

    Eugene Lim, associate director, ERA Asia Pacific, said: “Most of the buyers will start their negotiations at below valuation… by and large, most of the deals are pretty realistic nowadays, and cash over valuation very rarely will be more than S$40,000 to S$50,000. … the days of S$100,000 or S$120,000 cash over valuation… are over.”

    Market players said the outlook for Singapore ’s property sector may be hazy in the short term, but the prospects still look bright beyond 2010. They said that is because Singapore has plans in place that will help to create jobs and boost the economy.





    housing and starbucks

    12 11 2008

    Homebuilder Toll Brothers Inc. and coffee chain Starbucks Corp. helped send Wall Street sharply lower Tuesday after giving investors more evidence that the housing market and consumer spending are getting weaker. The Dow Jones industrial average sank more than 240 points.

    With the government and bond markets closed for Veterans Day, no economic reports are scheduled. But corporate earnings reports were enough to show investors that the economy is still flagging, perhaps more than Wall Street has anticipated.

    Starbucks reported lower sales across the coffee chain, leading to profits that fell below analysts’ expectations. The quarter’s results came at the end of a transition year for the coffee retailer, in which former Chief Executive Howard Schultz returned as CEO and chairman.

    Meanwhile, Toll Brothers said fourth-quarter revenue fell 41 percent from the year-ago period. Chairman and Chief Executive Robert Toll said in a statement the company was “upended by the past month’s financial crisis,” and that the economic uncertainty made it difficult to predict what its profit would be next year.

    And the nation’s automakers are growing source of anxiety for the market. General Motors Corp., whose shares plunged on Monday to their lowest point in 60 years, late Monday said it would cut 1,900 factory jobs on top of the 3,600 cuts announced Friday. Some industry analysts predict the automaker will collapse without a government bailout.

    “We’re in a situation where we really don’t know how deep a recession we’re in,” said Jim Herrick, manager of equity trading at Baird & Co. “Until there’s some clarity on the econony and clarity with earnings, we’ll definitely be stuck in this trading range.”

    In midmorning trading, the Dow Jones industrial average shed 245.16, or 2.76 percent, to 8,625.38.

    Broader stock indicators also fell. The Standard & Poor’s 500 index fell 26.99, or 2.94 percent, to 892.22; and Nasdaq composite index dropped 41.71, or 2.32 percent, to 1579.31.

    Starbucks shares fell 34 cents, or 3.3 percent, to $9.86 after the coffee seller released its earnings.

    Toll Brothers fell 46 cents, or 2.4 percent, to $18.49.

    GM shares fell 55 cents, or 17 percent, to $2.81.

    Analysts say the market, while perhaps in the process of bottoming out after October’s huge losses, will keep seeing volatility for some time to come.

    Investors are also waiting to find out if the government will send another round of stimulus checks to consumers, who have been curbing their spending — and not just discretionary spending — in the face of lost jobs, plunging home prices, and tight credit.

    Third-quarter earnings declines from Vodafone Group PLC, the world’s biggest mobile phone company by sales, and InterContinental Hotels Group PLC, the owner of the Holiday Inn hotel chain, revealed sharp pullbacks in consumer spending. And more companies announced job cuts Tuesday, notably Altria Group and Swedish vehicle maker Volvo AB.

    Meanwhile, the financial sector was under scrutiny again. Soon after ailing insurer American International Group Inc. got more money from the U.S. government, American Express Co. won approval late Monday from the Federal Reserve to become a commercial bank. That will allow the credit card giant to accept deposits and permanently access government financing that’s been used by other banks amid the credit crisis.

    And Citigroup became the latest major bank, after similar actions by JPMorgan Chase & Co. and Bank of America Corp., to announce that it will try to keep borrowers at risk of foreclosure in their homes. The government is working on a plan to help around 3 million borrowers avoid foreclosure, too, but details have not been released yet.

    Citigroup fell 41 cents, or 3.7 percent, to $10.79.

    American Express fell $1.29, or 5.4 percent, to $22.70.

    One bright spot for Americans has been a tumble in oil prices. Crude sank below $60 a barrel Tuesday for the first time in about 18 months as optimism waned that a huge economic stimulus plan in China will avert a prolonged slowdown in the global economy. Light, sweet crude for December delivery fell $3.22 at $59.19 a barrel on the New York Mercantile Exchange.

    The dollar was mostly higher against other major currencies, while gold prices fell.

    The Russell 2000 index of smaller companies fell 8.50, or 1.72 percent, to 484.60.

    Overseas, Japan’s Nikkei closed down 3 percent and Hong Kong’s Hang Seng fell 4.77 percent. In European trading, Britian’s FTSE 100 was down 3.18 percent, Germany’s DAX gave up 4.48 percent, and France’s CAC-40 fell 4.37 percent.





    US mortgage finance giant Fannie Mae posts US$29b loss

    11 11 2008

    Posted: 10 November 2008 2337 hrs

       
      .
       
     

     

    WASHINGTON: Fannie Mae, the US mortgage finance giant bailed out by the government, reported on Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.

    The loss amounted to 13.00 dollars per share, compared with a second-quarter loss of 2.3 billion dollar loss, or 2.54 dollars per share.

    The hefty third-quarter loss was driven mainly by a 21.4 billion dollar write-down of deferred tax assets and 9.2 billion dollars in new provisions for credit losses.

    Net income rose 14.5 percent over the second quarter to 2.4 billion dollars, a rise the company attributed to a decline in short-term borrowing rates, reducing the cost of the company’s debt.

    Fannie said that its total non-performing assets including both loans and foreclosed properties had jumped to 71.0 billion dollars, or 2.4 percent of its total loan-related assets, compared with 52.0 billion, or 1.8 percent, on June 30.

    The company and its sister mortgage titan Freddie Mac were seized by the US government on September 7 to avert a financial system meltdown from a credit crunch and housing slump.

    The two government-sponsored enterprises, owned by shareholders, underpin about half of the US home-loan market.

    Fannie Mae said the huge third-quarter loss mainly arose from a non-cash charge related to providing an allowance against deferred tax credits which would be used to help minimise taxes on profits in the future. The company said it does not expect to generate taxable income in the near future that would allow it to benefit from the deferred tax assets.

    Investment losses nearly doubled, hitting 1.6 billion dollars against 883 million the previous period. The losses mostly stemmed from securities backed by low-quality and sub-prime mortgages.

    Under the government rescue plan, the government replaced the companies’ chief executives and the US Treasury announced it would inject up to 100 billion dollars in each.

    Fannie Mae suggested it had not yet availed itself of the government funds by the quarter’s end on September 30.

    But, it said, “If current trends in the housing and financial markets continue or worsen, and we have a significant net loss in the fourth quarter of 2008, we may have a negative net worth as of December 31, 2008.”

    In that case, it said, the company would be required to obtain funding from the Treasury in order to avoid being forced into receivership





    bank robbery

    11 11 2008

     

    how often do u get a bank robbery in sg?

    so 10th nov is a day to rem too

     

    Man’s attempt to rob UOB branch at City Plaza foiled

    A man wearing women’s clothes was arrested for a robbery attempt in a United Overseas Bank branch at City Plaza in Geylang Serai on Monday afternoon.

    The suspect had threatened a bank teller to set off a bomb using his mobile phone.

    But fears on the ground that the man in his forties had been carrying an explosive later appeared to be unfounded.

    According to a CISCO guard who pinned down the suspect, he already knew that something was wrong when the suspect entered the bank. He said the suspect was acting very suspiciously. Furthermore, he was wearing ladies clothes.

    After passing a piece of paper to the bank staff, the suspect turned around to face the security guard and warned him not to interfere. That was when the security guard pinned him down.

    Cisco Security Guard, Rosli MD Sa’ad, said: “The moment he turned to me, he said, &apos;Don’t be a hero. You got three minutes.’ The moment I pinned him down, the rest moved to the side. But I was very lucky as the staff also helped me in this situation.”

    Behind the building, police had cordoned off another area and a van seemed to be the centre of attention.

    Police officers were seen entering and leaving the bank. They were also seen carrying items which the suspect is believed to have had with him while trying to rob the bank. However, the police would not say what they contained.

    According to a UOB spokesman, no one was hurt and the incident is under police investigation.





    tdy!

    11 11 2008

     

    11th nov is the day we welcome a new addition to the family!

    i can’t wait to see my bb niece in the evening!

    whole family’s all geared up and terribly excited

    QQ’s first qn when she woke up tis morning was…”tml we go hospital and see bb”





    Deutsche Post(DHL) cuts 9,500 jobs in US

    11 11 2008

    profits doubled YOY still cutting jobs leh

     

    Deutsche Post AG will close all of its DHL Express service centers in the U.S., cut 9,500 jobs there and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.

    The Bonn-based company said the new round of cuts are on top of another 5,400 job cuts it already announced and blamed heavy losses at the unit, which competes with rivals UPS Inc. and FedEx Corp.

    Deutsche Post investors cheered the decision, sending the company’s shares up 7 percent to 10 euros ($12.90) in Frankfurt trading.

    The cuts are part of a wider plan to curtail operations in the U.S., including domestic ground and delivery services though its international shipping to and from the U.S. would continue. The Express unit currently employs some 18,000 workers.

    However, Deutsche Post said the U.S. remained a key market and that its other operations there, including freight and global mail and other logistics, won’t be affected by the closings.

    Deutsche Post’s U.S. logistics unit employs more than 25,000 workers in the U.S.

    Part of the plan calls for the halt to domestic shipping by Jan. 30, the company said after it closes all of its ground hubs and reduces the number of service centers from 412 to 103 across the U.S.

    At a press conference, company officials, including chief financial officer John Allan said the job cuts and location closures would be “clear across the country,” without being more specific.

    “The retained U.S. international Express network with a total of 3,000 to 4,000 employees will be tailored to the needs of the group’s international Express service customers,” the company said in a statement. “All international shipments into the U.S. will still be delivered, while 99 percent of the outbound shipments will be picked up.”

    It wasn’t immediately clear how Deutsche Post’s decision might affect a proposed collaboration announced in May between DHL and Atlanta-based UPS in which UPS would carry some air packages for DHL. The deal, if completed as initially proposed, could last up to 10 years and infuse up to $1 billion in annual revenue for UPS.

    UPS has said the contract, which it has been working to finalize, would mostly involve the transport of DHL packages between airports in North America — not the pickup or delivery of DHL packages to customers.

    A person familiar with UPS’ talks with DHL said Friday that if DHL made significant cuts to its ground operations in the U.S., it wouldn’t necessarily affect UPS and DHL reaching a deal since their talks have solely involved air delivery of packages, not ground delivery. The person spoke on condition of anonymity because of the sensitive nature of the talks.

    A spokesman for UPS said Monday the company would have to review Deutsche Post’s statement before commenting.

    Deutsche Post’s decision is expected to reduce operating costs at the U.S. Express unit from $5.4 billion (4.2 billion euros) to less than $1 billion (770 million euros).

    “The international Express offering in the U.S. will be maintained on today’s levels and the region will remain an integral part of DHL’s global Express network,” the company added.

    Deutsche Post said it expects to spend another $1.9 billion (1.5 billion euros) on the restructuring, bringing the cost to $3.9 billion (3 billion euros) over two years. Most of that will be booked this year.

    Because of the restructuring, Deutsche Post said the total losses at its U.S. Express business would reach $1.5 billion (1.2 billion euros) for the year.

    The decision was announced as Deutsche Post said its third-quarter net profit more than doubled to 805 million euros ($1 billion) compared with 350 million euros a year earlier. Sales rose 4.1 percent to nearly 14 billion euros ($18 billion).





    Government provides new aid to AIG

    11 11 2008

    AIG jia you!  my policies wif u leh !

    Government provides new aid package to insurance giant AIG

     

    The government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership.
     

     

    The action, announced jointly by the Federal Reserve and the Treasury Department, was taken as it became increasingly clear that an original financial lifeline thrown to AIG in September would be insufficient to stabilize the teetering company. All told, the moves boost aid to the company to around $150 billion in what is likely to be the largest bailout to a single private firm. Fed officials, however, expressed confidence that the money would be repaid to taxpayers.

    The $40 billion infusion comes from the recently enacted $700 billion financial bailout package. The government is buying preferred shares of AIG stock, giving taxpayers an ownership stake in the company. In turn, restrictions will be placed on executive compensation at the firm.

    As part of the new arrangement, the Federal Reserve is reducing a $85 billion loan it had made available to AIG to $60 billion. The Fed also is replacing a separate $37.8 billion loan to the insurance company with a $52 billion aid package.

    The actions were needed to “keep the company strong and facilitate its ability to complete its restructuring process successfully,” the government said.

    It marked the first time money from the $700 billion bailout package Congress enacted last month has gone to any company other than a bank.

    The Treasury Department, which is overseeing the program, has promised to inject $250 billion into banks in return for partial ownership. The original notion behind the bailout package was to help financial institutions lend money more freely again, one of the main reasons the economy is in danger of getting stuck in a long and painful recession.

    Until Monday, all of AIG’s bailout relief was coming from the Fed.

    The Fed, earlier this year, said it would loan a total of $123 billion to AIG. The insurance company was later allowed to access another $20.9 billion through the Fed’s “commercial paper” program. That’s where the Fed is buying mounds of companies’ short-term debt often used for crucial day-to-day expenses, such as payrolls and supplies.

    Monday’s restructuring provides AIG with easier terms on the original Fed loan. The new package reduces the interest rate AIG will pay and will extend the loan term to five years from two, reducing the need for AIG to sell off business lines and other assets at firesale prices to repay the government.

    Under the new $52 billion package, the loans will last for six years. Through two new facilities, the Fed will fund the purchase of both residential mortgage-backed securities from AIG’s portfolio, and collateralized debt obligations, which are complex financial instruments that combine various slices of debt.

    By taking these troubled assets off AIG’s balance sheet, it should take stress off the company, giving it more breathing room and helping to prevent future losses, Fed officials said. The Fed doesn’t believe it will suffer losses because it is hopeful the market for such distressed investments will recover as the economy and financial markets rebound.

    AIG reported Monday that continued financial market turmoil resulted in a large third-quarter loss.

    The New York-based company said it lost $24.47 billion, or $9.05 per share, after a profit of $3.09 billion, or $1.19 per share, a year ago.

    Results included pretax losses of $18.31 billion tied to the declining value of AIG’s investment portfolio. They also were hurt by catastrophe losses and charges related to restructuring.

    Excluding items, operating losses totaled $3.42 per share — missing analysts’ average loss estimate of 90 cents per share, according to Thomson Reuters.

    AIG in early October said it would sell certain business units to pay off the $85 billion Fed loan. The company, however, said it plans to retain its U.S. property-and-casualty and foreign general insurance businesses. It also plans to keep an ownership interest in its foreign life-insurance operations.

    AIG is a colossus on Wall Street and financial districts worldwide, with operations in more than 130 countries and $1 trillion in assets on its balance sheet.

    Besides life, property and other insurance offerings, AIG provides asset-management services and airplane leases. Its myriad businesses are also linked to mutual funds, annuities and other retirement products held by millions of ordinary Americans.

    But perhaps the biggest concern about AIG is the dizzying array of complex financial instruments it structured for commercial banks, investment banks and hedge funds around the globe — many of which were directly or indirectly linked to the value of U.S. mortgages.





    AIDS

    11 11 2008

    President-elect Barack Obama will reverse U.S. family planning and AIDS prevention strategies that have long linked global funding to anti-abortion and abstinence education, a public-health adviser said.

    Public health policies of President George W. Bush’s $45- billion PEPFAR program have brought AIDS drugs to almost 3 million people in poor countries such as Rwanda and Uganda, more than under any other president. Still, requirements that health workers emphasize abstinence from sex and monogamy over condom use have set back sexually transmitted disease prevention and family planning globally, said Susan F. Wood, co-chairman of Obama’s advisory committee for women’s health.

    “We have been going in the wrong direction and we need to turn it around and be promoting prevention and family-planning services and strengthening public health,” said Wood, a research professor at George Washington University School of Public Health in Washington.

    Bush on his first day in office in January 2001 reinstated the so-called Mexico City Policy — known as the global gag rule to critics — that bars U.S. family-planning assistance for organizations that use funding from any other source to provide counseling and referral for abortion; lobby to make abortion legal or more available in their country; or perform abortions except in certain cases. Those exceptions are a threat to the woman’s life, rape or incest.

    Obama “is committed to looking at all this and changing the policies so that family-planning services — both in the U.S. and the developing world — reflect what works, what helps prevent unintended pregnancy, reduce maternal and infant mortality, prevent the spread of disease,” Wood said.

    Gag Rule

    Wood resigned as the top U.S. regulator for women’s health in 2005 in protest of the Food and Drug Administration’s delay in clearing over-the-counter sales of the “morning after” emergency contraceptive. Sale of the pill, called Plan B, without a prescription was held up for more than two years, after FDA staff recommended its approval in 2003.

    Critics of the FDA have named Wood as among candidates they would like Obama to consider for the agency’s next commissioner.

    “A lot of the family-planning associations in Africa refused the terms of the gag rule and they lost funding, they lost technical assistance and they lost contraceptives,” said Wendy Turnbull, a senior policy research analyst with Population Action International in Washington.

    On the basis of that policy, Bush halted support for the United Nations Population Fund in 2002, saying it supported “coercive” abortion programs in China — an allegation the New York-based agency has denied. The directive cost UNPF more than $200 million in lost funding, said William Ryan, a Bangkok-based spokesman for the agency.

    Condom Use

    Restrictions on education about condom use have hamstrung effective promotion, and the U.S. Centers for Disease Control and Prevention has had some condom information pulled from its Web Site, said Gill Greer, director general of the International Planned Pregnancy Federation in London.

    “The U.S. administration has certainly succeeded in demonizing condoms rather than showing that they can be part of prevention of both unplanned pregnancy and sexually transmitted infections,” she said in a telephone interview. “I’ve always joked that the whole world should vote in the U.S. election because the whole world is so affected.”

    Under President Bush, the U.S. has provided more money to fight AIDS than during any other administration. Seven years ago, before the Bush program began with about $15 billion, only about 200,000 people in poor nations got treatment, and few of them were in Africa.

    Abstinence Success

    The emphasis on abstinence and fidelity, “has been shown to have demonstrable success in Africa,” said Valerie Huber, executive director of the National Abstinence Education Association in Washington. “It would be more than unfortunate if that policy was changed.”

    Both Republicans and Democrats have indicated support for the focus on abstinence and education that goes along with PEPFAR, which has also been shown to reduce the spread of HIV in countries such as Uganda, Huber said.

    “If the president-elect wants to be science-based in foreign sex-education policies, it would be wisest to continue this way because it’s shown to be effective,” she said.

    Calls to the office of Mark Dybul, coordinator for the Bush AIDS treatment program, weren’t returned.

    Prevention Quest

    Without a vaccine, AIDS advocates are looking for ways to slow the spread of the HIV virus that currently infects about 33 million people worldwide. Treatment, even with cheaper versions of HIV drugs, is beyond the means of many patients in Africa, where about 24 million infected people live.

    The U.S. has played an important role in bringing life- saving treatment to HIV patients who had been unable to get it, said Adel Mahmoud, a former head of Merck & Co. vaccines and professor in the department of molecular biology at Princeton University.

    “But when the data says for every person we put on anti- retroviral therapy in Africa there are six new infections and we are doing nothing about it, it’s absolutely mind-boggling,” he said in a telephone interview. “Prevention is really the solution.”

    Wood said that, in recent years, the U.S. government has influenced and “tightly vetted” international organizations to reflect its own policies.

    Obama will bring “back a sense of balance and perspective and the use of good science and good medicine in these positions, and not just this narrow, political ideology,” she said.





    we live in singapura

    11 11 2008

    YY nearly drove my bro crazy coz he tinks it’s so funny he watches it for hrs on loop