রবিবার, ৩০ সেপ্টেম্বর, ২০১২

Health and Fitness: The 80/20 Rule | South Lake Tahoe ...

Peace of Mind Float Spa L.L.C. is Lake Tahoe's premiere Sensory Deprivation (Float Tank) destination. We provide 2 float tanks as well as a Far Infared Sauna and an Aroma Therapy Oxygen Bar to enhance your complete flotation experience. Operated by Karin and Darin Nobriga, long time Tahoe locals. We provide the most relaxing mind and body experience in the Tahoe basin.

We're located at 290 Kingsbury Grade, Stateline, Nevada next to the Goal Post and a quarter mile from the Stateline casinos. We offer local and casino employee discounts and encourage those who haven't floated, to try the most relaxing experience of their lives.
What is Floating?
Floating is a therapeutic treatment that isolates the user from environmental stimulus, greatly reducing stress, and easing the body into a state of equilibrium. Floating is also known as flotation therapy, floating therapy, float therapy, restricted environmental stimulation therapy (or REST), and Epsom salt hydrotherapy. The flotation tank is referred to as an isolation tank, sensory deprivation chamber, float tank, floating tank, and rest tank.

The flotation tank itself is a sensory deprivation pod with 10 inch deep water warmed to 93.5 degrees and enriched with 800 pounds of Epsom salt (magnesium sulfate). The tank has an advanced filtration/purification system that operates according to regulations from the State of Nevada.

The space inside is approximately 8 feet long by 4 feet wide. Although some may be wary of feeling claustrophobic the first time they float, the tank door opens freely and you are in complete control. You can come and go as you wish. You can also float with the door open. For those who would like audio stimulation, relaxing music is available.
The experience of floating is unique. Inside the tank you?ll float effortlessly on the surface of 93.5 degree water. Floaters feel a sense of weightlessness. That weightlessness, the temperature of the water, and the dark, quiet space of the tank allow the brain to ease into a theta* brain wave state. This usually happens in the second half hour of a one hour float session. First time floaters should not expect instant results. Generally it takes more than one float to completely ?let go? and fully experience flotation.

Source: http://southtahoenow.com/nfeed/09/29/2012/health-and-fitness-8020-rule

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Iraqi officials say jailbreak assisted from inside

BAGHDAD (AP) ? Iraqi officials said Saturday that a jailbreak where al-Qaida-linked militants escaped death row had help from inside, further tarnishing state authority and raising new concerns over corruption.

A day after the escape in Tikrit, Saddam Hussein's hometown 130 kilometers (80 miles) north of Baghdad, scores of prisoners are still at large.

The Interior Ministry said there had been "clear collusion" between some guards and inmates in the Tasfirat prison. Weapons were brought in during family visits, and wardens left locks inside the facility open.

"The cells were not searched for a long period, which indicates more deliberate negligence that led to this incident," the ministry said in a statement released late Friday.

The escape occurred after a riot and firefight that left 20 dead, including 16 inmates and four guards, the statement said. After taking over a large part of the prison, rioters used other inmates as human shields in order to make their way out, it added. Of a total 303 prisoners, 102 escaped, including 47 al-Qaida-linked inmates awaiting execution. Some 23 were recaptured.

On Saturday, state television announced a reward for information leading to the arrest of the fugitives, and a curfew remained in force until the afternoon. Salahuddin provincial spokesman Mohammed al-Assi said "security forces have intensified efforts to hunt down those still on the run."

He refused to say how much the reward is for.

The incident generated sharp criticism for Iraqi security forces, who have been unable to stabilize the country almost a year after the withdrawal of U.S. troops. Several smaller escapes and attempted jailbreaks have already deeply embarrassed the government, which is eager to demonstrate it can run its justice and detention systems.

The Interior Ministry statement also said that Maj. Gen. Abdul-Karim al-Khazraji, the police chief of Salahuddin province where the jailbreak occurred, was fired.

Iraq has a poor track record of keeping inmates behind bars.

The Tikrit prison itself was moved to a different location after 16 prisoners, including five al-Qaida-linked inmates awaiting execution, made their escape after prying open the bars on a prison bathroom window with a pipe wrench in September 2009.

At the time, the entire prison staff and the provincial prison official were detained for questioning. Six of the escaped inmates were later captured.

And in southern city of Basra, a dozen detainees held on terrorism charges broke out of a prison in 2010, disguised in police uniforms. And last year, al-Qaida smuggled weapons and grenades into a prison in Mosul, supposedly one of the country's most secure detention centers, and attempted an ultimately unsuccessful jailbreak that left 17 dead.

In July 2011, detainees linked to al-Qaida escaped at least twice from a Baghdad area prison known as Camp Cropper shortly after the U.S. handed it over to Iraqi authorities.

Authorities earlier reported 12 people dead and 32 wounded in Friday's break in Tikrit.

___

Associated Press writer Sameer N. Yacoub contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-09-29-Iraq/id-ffc40a7d4c1d406dbb9819901b13c572

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Goldman Sachs shares could rally 25 percent: Barron's

A nation inured to wanton murder was nevertheless shocked by this one: In November 2010, a group of four young men milling about as a party ended attacked another teen, randomly picking him as the victim of their vicious assault. Bobby Tillman, 18, did nothing to provoke his assailants to knock him to the ground and kick and stomp him to death.The crime occurred outside a suburban Atlanta home after parents called a halt to a teen party that had gotten out of control. This was no beating by members of a rival gang, no attack set off by longstanding grudges or old misunderstandings. ...

Source: http://news.yahoo.com/goldman-sachs-shares-could-rally-25-percent-barrons-184216577--sector.html

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শনিবার, ২৯ সেপ্টেম্বর, ২০১২

Ancient Burial Shroud Made of Surprising Material, Scientists Find

Ancient scraps of fabric found in a grave in Denmark are not made of cultivated flax as once believed, but instead are woven from imported wild nettles, suggesting the grave's inhabitant may have traveled far for burial. ?

This discovery, announced today (Sept. 28) in the journal Scientific Reports, casts a new light on the textile trade in Bronze Age Europe, said study researcher Ulla Mannering, an archaeologist at the University of Copenhagen.

"Since the Stone Age, they had very well-developed agriculture and technology for producing linen textiles," Mannering told LiveScience. "So it's really unusual that a society which has established agriculture would also take in material from things that are not of the normal standardized agricultural production" ? in other words, wild plants.

A luxurious shroud

The soft and shiny fabric dates back to between 940 B.C. and 750 B.C., making it about 2,800 years old. It was discovered in Voldtofte, Denmark, at a rich Bronze Age burial ground called Luseh?j. The Bronze Age ran from about 3200 B.C. to 600 B.C. in Europe.

The fabric was wrapped around a bundle of cremated remains in a bronze urn. It was a luxurious piece of material, Mannering said. [10 Weird Ways We Deal With the Dead]

"The fibers we get from the European nettle are very, very fine and soft and shiny, and we often say this is a sort of prehistoric silk textile," Mannering said. (Silk, made from insect cocoons, is known for its shimmery texture.)

Previous analysis pegged the Danish fabric as woven from flax, a plant widely cultivated in the region. But along with nanophysicist Bodil Holst of the University of Bergen in Norway, Mannering and her colleagues used advanced methods to reanalyze the scraps of cloth. By studying the fiber orientation as well as the presence of certain crystals found in plants, the researchers were able to learn that the fabric is not flax at all, but nettle, a group of plants known for the needlelike stingers that line their stems and leaves.

Nor is the nettle local, Mannering said. Different soil regions contain different variations of elements. The variation of one of these elements, strontium, found in the fabric, was not local to Denmark, suggesting the plants the textile was made from grew elsewhere.

There are a few regions that match the strontium profile, the researchers found, but the most likely candidate is southwest Austria. The bronze burial urn holding the remains is from Austria, Mannering said, and it makes sense that the fabric might be too.

A well-traveled man?

Despite these imported grave goods, the remains appear to be those of a Danish man, Mannering said. The personal objects in the grave, such as two razors, suggest he was a Scandinavian, albeit perhaps a well-traveled one, she said.

"Maybe he died in Austria and was wrapped in this Austrian urn and Austrian textile and was brought back to Denmark in this condition and then put in a big burial mound," Mannering said. "The personal objects that were placed inside the urn together with this textile and the bones indicate that he is a male of Scandinavian origin, but it doesn't mean that he couldn't have died abroad."

Bronze Age Europeans lived an agricultural life and traded many goods with one another, especially the bronze that gave the era its name, Mannering said. The nettle fabric may have been an ancient luxury good for Bronze Age elite, she said.

"It shows that they also knew how to get fibers from wild plants, and they wanted these fibers probably because of their very different and unique appearance," she said.

Follow Stephanie Pappas on Twitter @sipappasor LiveScience @livescience. We're also on Facebook& Google+.

Copyright 2012 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://news.yahoo.com/ancient-burial-shroud-made-surprising-material-scientists-134020357.html

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Making Strides Against Breast Cancer walk to be held Oct. 6 at JBPHH

Brandon Bosworth
Contributing Writer

The 2012 Making Strides Against Breast Cancer walk takes place starting at 7 a.m., Oct. 6, at Richardson Field, Joint Base Pearl Harbor-Hickam.

This event is part of the American Cancer Society?s nationwide series of walking events to raise funds and awareness to end breast cancer. Nationwide, more than 270 Making Strides walks occur each year, ranging in distance from 3 to 5 miles.

In 1984, cancer survivor Margery Gould Rath and a group of volunteers held the first Making Strides Against Cancer in Boston. The goal was to cele brate fellow cancer survivors by raising funds for the American Cancer Society. The first walk drew 200 participants and soon become a Boston tradition.

In 1993, the event officially became known as the American Cancer Society Making Strides Against Breast Cancer. Since then, 8 million walkers across the United States have raised more than $460 million to help fight breast cancer through Making Strides events. In 2011 alone, 1 million walkers across the country collected more than $60 million to help fight the disease.

The American Cancer Society is looking for volunteers and participants for the Oct. 6 event. For more information, visit the website MakingStridesHonolulu.org or call 432-9133.

Category: Life & Leisure

Source: http://www.hookelenews.com/making-strides-against-breast-cancer-walk-to-be-held-oct-6-at-jbphh/

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Al Qaeda convicts flee in Iraq jailbreak

TIKRIT, Iraq (Reuters) - Dozens of prisoners, including convicted al Qaeda members, escaped an Iraqi jail after militants dressed in police uniform attacked the prison and released them, security sources said on Friday.

The jail, which housed some 300 inmates, was assaulted by gunmen driving police vehicles after a car bomb exploded outside the main gate late on Thursday, security sources said. Twelve prison guards and seven gunmen were killed in clashes.

Security forces managed to regain control of the jail, in the city of Tikrit, early on Friday, but an official said more than 50 prisoners were still on the run, among them leading members of al Qaeda who had been sentenced to death on more than ten counts.

"There was clear negligence and laxness by those who are in charge of this prison. The operation was pre-planned, well prepared," Hakim Al-Zamili, a member of parliament's security and defense committee, told Reuters.

A curfew was imposed and helicopters hovered over the city, the home town of the executed former President Saddam Hussein.

Around 20 escapees were recaptured overnight, but Zamili said it would be tough to track down the rest because they had destroyed prison records before fleeing.

"All documents, files, pictures and all identifications of those prisoners were burned. I think the security forces will find it very difficult to identify those who escaped."

Violence in Iraq has eased since its height in 2006-2007 when sectarian slaughter killed thousands. But Sunni Islamists and an al Qaeda affiliate still launch regular attacks, seeking to destabilize the country and undermine its Shi'ite-led government.

Prison breaks are not uncommon. Last September, 35 prisoners facing terrorism charges escaped via a sewage pipe from a temporary jail in the city of Mosul, an al Qaeda stronghold.

(Reporting by Ghazwan Hassan and Raheem Salman; Writing by Isabel Coles; Editing by Robin Pomeroy)

Source: http://news.yahoo.com/al-qaeda-convicts-flee-iraq-jailbreak-112325452.html

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শুক্রবার, ২৮ সেপ্টেম্বর, ২০১২

Kaka recalled to Brazil squad after 2 years out

By TALES AZZONI

AP Sports Writer

Associated Press Sports

updated 3:52 p.m. ET Sept. 27, 2012

SAO PAULO (AP) - Kaka is back in the Brazilian national squad for the first time since the 2010 World Cup.

The playmaker was selected Thursday despite playing sparingly with Real Madrid. Coach Mano Menezes picked Kaka in a squad for exhibitions last year, but he didn't play because of an injury.

Menezes chose a squad of 24 players for the exhibitions against Iraq in Sweden on Oct. 11 and Japan in Poland on Oct. 16.

Kaka's last game with the national team was Brazil's elimination by the Netherlands in the quarterfinals of the World Cup in South Africa.

On Wednesday, Kaka scored three goals in Real Madrid's 8-0 win in an exhibition against Colombian side Millionarios in Madrid.

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Source: http://nbcsports.msnbc.com/id/49199640/ns/sports-soccer/

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How the Kindle Paperwhite Got Its Shine [Video]

We know first-hand that the new Kindle Paperwhite is a stunning little device, but how did it get so good? The Amazon employee's who developed the reader have gotten together to explain. Interestingly enough, they cite the ultimate goal as being able to make a device that sort of "disappears" as you use it. That's going to be tough with a screen that pretty. [Slashgear] More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/_DGTKUhzIrc/how-the-kindle-paperwhite-got-its-shine

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Oil prices march upward for second day

BANGKOK (AP) ? Hopes that the global economy might see some improvement after Spain announced far-reaching steps to fix its ailing economy helped keep oil prices on the upswing for a second day.

Benchmark oil for November delivery was up 47 cents to $92.32 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.87 to finish at $91.85 per barrel on the Nymex on Thursday.

Brent crude gained 32 cents to $112.33 on the ICE Futures Exchange in London.

"Risk appetite improved yesterday on the Spanish budget," analysts at Credit Agricole CIB in Hong Kong said in a market commentary. "With the Spanish budget paving the way for an official bailout request ... renewed concern about the Eurozone crisis has eased."

After three straight days of declines, oil posted gains in Asia on Thursday, helped by expectations the People's Bank of China will soon take more steps to stimulate the world's No. 2 economy. Spain later announced severe budget cuts intended to convince the world that it can meet deficit-reduction targets.

Still, oil analyst Stephen Schork said he expects "high volatility" as oil contracts for October expire.

In other Nymex trading:

? Heating oil rose 0.7 cent to $3.158 per gallon.

? Wholesale gasoline gained 0.8 cent to $2.905 per gallon.

? Natural gas fell 0.1 cent to $3.296 per 1,000 cubic feet, a high for the year.

Source: http://news.yahoo.com/oil-prices-march-upward-second-day-055051166.html

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বৃহস্পতিবার, ২৭ সেপ্টেম্বর, ২০১২

Iron Tenor, Tender Heart: One True Love | Music | Arts - Epoch Times

Marcello Giordani supports New Tang Dynasty TV?s International Vocal Competition

By Pamela Tsai
Epoch Times Staff
Created: September 27, 2012 Last Updated: September 27, 2012


Marcello Giordani (Dario Acosta)

Marcello Giordani (Dario Acosta)

This year, one of the leading tenors in the world today, Marcello Giordani, will be singing in Carnegie Hall on Oct. 21 to promote the lofty mission set out by New Tang Dynasty Television (NTD): to promote traditional vocal arts of pure authenticity, pure goodness, and pure beauty.

Giordani, whom Opera News calls ?arguably, the greatest leading tenor of his generation,? has sung over 170 performances at the New York Metropolitan Opera in the last 20 years.?

Giordani will appear at NTD?s Sixth International Vocal Competition Concert, singing alongside selected young vocalists. Giordani will also present awards to the contestant winners.?

Marcello Giordani in “Madama Butterfly,” Metropolitan Opera 2006 (Ken Howard)

Marcello Giordani in ?Madama Butterfly,? Metropolitan Opera 2006 (Ken Howard)

?We are very happy to have such a world-renowned vocal artist as Mr. Marcello Giordani joining us,? said Lijuan Nania, vice president and director of the Global Competition Series at NTD Television. She explained that the International Vocal Competition?s mission is ?to revive traditional vocal arts and help talented young artists who dedicate themselves to this field.??

Rising from a small town in Sicily, Italy, to the top of world?s most renowned opera stages, Giordani and his extraordinary voice crafted a unique space in the opera world.?

His repertory ranges from the bel canto operas of Rossini, Donizetti, and Bellini and the lyricism of the French operatic repertoire, to the more dramatic roles of Verdi, Puccini, and Berlioz and, most recently, the popular Verismo operas of Mascagni and Leoncavallo.?

In an interview with The Epoch Times, Giordani shared the elements that empowered his dream, enriched his love, and gave real purpose to what he does.?

An Influence Beyond Time

Loyalty and Love—Marcello (L) with wife Wilma (C) and father (R) (Courtesy of Marcello Giordani)

Loyalty and Love?Marcello (L) with wife Wilma (C) and father (R) (Courtesy of Marcello Giordani)

Giordani said he would never have been able to succeed without his father. ?I am from a little town in Sicily where people rarely pursue an operatic career. My father was a huge fan of opera and used to listen to arias all the time, and one day I joined him to attend a performance at the Teatro Bellini in Catania. I was just blown away! I knew it right away: I wanted to end up on that stage and sing all those beautiful arias.?

Giordani considered his father a most extraordinary person. ?Even though he was not a musician, he was my mentor, my guiding light,? he said. Giordani?s father recognized his son?s talent at a very young age and always supported him, both financially and mentally. Other members of the family wanted Giordani to do something ?serious like becoming a banker.??

His father?s influence extended beyond his father?s life. In 1994, Giordani?s father passed away. ?I was really challenged and was about to abandon my career because nothing made sense to me anymore,? Giordani recalled. His wife encouraged Giordani to continue to sing. ?She insisted that my father would have wanted it,? he said.?

Great Art Comes From Goodness and Compassion?

Describing the effect of his first encounter with opera, Giordani said, ?It is a spell that has never left me. It is a pure magic?the music, the stage setting, the story, the poetry, the entire atmosphere, the smell of the theater?it is just a combination of many things that makes opera a beautiful art form.??

Giordani advises young opera singers to ?never ever stop studying, always stay humble, and try to grow as an artist and as a person as well.?

By growing as a person, he said it means to be a good person, a compassionate person. ?If you are compassionate, you automatically have beauty in your heart, mind, and soul.??

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By humble, Giordani means to be grateful for being blessed with talent. ?It is our duty to accept it and make it available to other people.??

Giordani shared two incidents illustrating how he honors his pledge to make his talent available.?

Accompanying his children on a school field trip, Giordani got a call. The MET, which he considers his artistic home, called him with a tenor emergency. ?I had to head back immediately to save their ?Rigoletto? performance that evening.?

?The other unforgettable experience was when the MET asked me to sing two performances in two different operas the very same day. A critic gave me the nickname ?The Iron Tenor.???

Recalling the experiences, Giordani said, ?I think I was almost hypnotized in a way. There was literally no time to think too much. I just tried to stay really calm and focused because only in this way I was able to give the very best of myself.?

Good Advice

As glamorous as it appears on the stage, opera is a profession of hard work. ?Young people need to know that having talent is not enough; equally important is to study, study, and study. It takes a lot of hard work, a lot of patience, and consistency to build a career, step by step,? Giordani said.?

Accepting challenges and overcoming tests of one?s faith and love of singing is part of what it takes to achieve success. ?I don?t think there is an artist who didn?t experience a setback at least once in his/her career. It is very important that you have loyal people around you, people you trust, people who are not afraid to be honest with you,? he said.

Giordani said that he is a very lucky person, who always meets the right people at the right moment.?

“You are the diapason of my life,” Marcello said to his wife Wilma. (Courtesy of Marcello Giordani)

?You are the diapason of my life,? Marcello said to his wife Wilma. (Courtesy of Marcello Giordani)

Wilma, the woman that Giordani met in 1988 when he was singing in Lucerne, Switzerland, is perhaps the most important person that Giordani has met in his life. They were married in 1990. He said to her, ?Wilma, you are the diapason of my life.?

He subsequently met another important person, his voice teacher, Bill Schuman, whom Giordani calls ?the turning point to a new beginning.?

Bill Schuman of the Academy of Vocal Arts (AVA) in Philadelphia is a voice teacher of international acclaim. A native of Portland, Oregon, Schuman studied ?with the famed vocal pedagogue, Luisa Franceschi, who was a prot?g?e of Luisa Tetrazzini and Pietro Mascagni. Many of his students have been heard in the world?s greatest opera houses,? according to the AVA website.?

Giving Back

In the spring of 2010 at the age of 47, Giordani founded a nonprofit organization in New York, the Marcello Giordani Foundation. The goal was to help young opera singers at the start of their careers.?

In the spring of 2011, he launched the first Marcello Giordani International Vocal Competition, which took place in Giordani?s hometown of Catania, Italy.?

?It was a great experience and a joy to watch all the young talents trying to do the best they were able to do at that very moment. As the president of the competition, I always look for their ability to learn and their willingness to be open and accept suggestions and advice,? Giordani said.?

As a busy performer in his prime, Giordani?s schedule is full year-round. Asked why he placed so much importance on supporting young vocalists, Giordani said: ?For the few of us who make it to the top, we shall never take this for granted and always remember the struggle and the sacrifices it takes to get there. I just think the time has come to pay back and to pass on my knowledge to other talents waiting out there.?

In September, Giordani partnered with NTD?s Sixth International Vocal Competition?and will sing three operatic arias, including ?Nessun Dorma,? at NTD?s International Vocal Competition Concert.?

Giordani believes that NTD?s vocal competition provides a great platform for young vocalists to showcase their talents. ?It offers so many possibilities for singers to be heard in a city like New York, which is considered the headquarters of opera business,? he said.?

NTD?s Vocal Competition

Part of a series of nine competitions, NTD?s vocal competition is designed to promote cultural understanding between the East and West. This year, it is open to vocalists from all ethnic backgrounds. NTD?s vocal competition will give out one Gold award ($10,000), one Silver award ($3,000), and two Bronze awards ($1,000) for both male and female divisions.?

According to Ying Guo, the assistant producer of the NTD vocal competition, as of mid-September, more than 30 contestants representing more than 15 countries from four continents have registered to participate. ?Half of them are Asians and half Westerners. They come from the U.K., U.S., Canada, Italy, Sweden, Switzerland, Poland, Russia, Australia, Japan, Korea, Indonesia, Malaysia, Taiwan, and more,? Guo said.?

Contestants will not only perform well-known operatic works in Italian, French, or German, but will also sing a classical Chinese song. NTD?s vocal competition provides the pronunciation of Chinese-language lyrics.

?We are pleased to receive contestants from such diverse cultural backgrounds. We appreciate the warm response from the opera communities around the globe,? Guo said.?

Giordani acknowledged the importance of supporting emerging talents from around the world: ?I am very sensitive to the needs of young singers regardless their nationality. It is very important to support these young singers because they will continue the legacy of great opera, and they all need guidance and help to make the right career choices.?

For more information, see NTD?s International Vocal Competition Concert website (http://concert.ntdtv.com).

The Epoch Times publishes in 35 countries and in 19 languages. Subscribe to our e-newsletter.

?

Source: http://www.theepochtimes.com/n2/arts-entertainment/iron-tenor-tender-heart-one-true-love-297454.html

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Greek party chiefs inch forward on austerity cuts

ATHENS (Reuters) - Greek political leaders are still haggling over the details of 12 billion euros worth of budget cuts needed to release further tranches of its international bailout, government officials said on Thursday.

Officials, declining to be named, had told Reuters on Wednesday that the Prime Minister Antonis Samaras and his finance minister had agreed the list of measures to be put to coalition party leaders and the European Union and IMF.

"There is a basic agreement (between party leaders), we're moving forward to the final negotiations," Finance Minister Yannis Stournaras told reporters after a meeting of the three leaders in Samaras' conservative-led government.

One of the three leaders, Fotis Kouvelis warned that sticking points remained.

"There was agreement on the basic framework. There are outstanding issues," said Kouvelis, head of the moderate Democratic Left party.

Neither Stournaras nor Kouvelis specified what issues the party chiefs had made progress on and whether the deal on a "basic framework" went beyond a similar broad agreement they said they had notched up a month ago.

The coalition has been haggling for weeks over the package demanded by international lenders keeping the country afloat, with Samaras's allies sharply opposed to across-the-board cuts in wages and pensions as well as plans to fire civil servants.

Pressure is growing on the party chiefs to strike a deal of some sort before the troika of European Commission, European Central Bank and the International Monetary Fund return to Athens early next week.

The troika's blessing of the package is a pre-requisite for Greece to secure its next round of bailout cash, without which the country faces certain bankruptcy and a potentially disastrous euro zone exit.

Kouvelis and Samaras's other ally, Socialist chief Evangelos Venizelos, are under rising pressure from their voter base to fight the austerity package, which includes a new round of wage, pension and welfare benefit cuts.

On Wednesday, nearly 70,000 Greeks marched to parliament chanting "We won't submit to the troika (of lenders)" and "EU, IMF Out!" as part of a general strike against the cuts.

(Reporting by Lefteris Papadimas, Writing by Deepa Babington; editing by Patrick Graham)

Source: http://news.yahoo.com/greek-party-chiefs-inch-forward-austerity-cuts-113258518--business.html

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Reporter killed in violence after Damascus blasts

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বুধবার, ২৬ সেপ্টেম্বর, ২০১২

China, Japan stand their ground in islands row, but keep talking

BEIJING/TOKYO (Reuters) - China claimed islands at the core of a row with Japan as its "sacred territory" in talks between the two countries' foreign ministers, Xinhua news agency said on Wednesday, as neither side showed any sign of backing down in a long-festering feud.

Japanese Foreign Minister Koichiro Gemba urged China to exercise restraint at what he called a tense hour-long meeting over the dispute, which triggered violent anti-Japanese protests in China this month and is threatening ties between Asia's two biggest economies, Japan's Kyodo news agency said.

Xinhua said Yang reiterated China's "solemn position on the issue of Diaoyu Islands, which have been China's sacred territory since ancient times".

Japanese Chief Cabinet Secretary Osamu Fujimura told a news conference in Tokyo the two sides had agreed to keep talking.

"There is no magic bullet in foreign diplomacy. We need to hold talks through various channels taking into account of broad perspective," Fujimura told a news conference in Tokyo.

Sino-Japanese relations deteriorated sharply this month after Japan bought the isolated East China Sea islands, called Senkaku in Japan and Diaoyu in China, from their private owner, sparking the anti-Japan protests across China.

In a sign of the economic fallout, Japanese automakers Toyota Motor Corp, Nissan Motor Co Ltd and Suzuki are curtailing production in China in the wake of the protests that shuttered dealerships and darkened their sales prospects in the world's top car market.

China's meetings with Japanese diplomats - at the United Nations and a day earlier in Beijing - suggest Beijing does not want tensions over the island chain, believed to be in waters rich in natural gas deposits, to lead to a rupture in relations. This is, after all, the Year of Japan-China Friendship.

But the unyielding tone of China's published remarks suggests that the row is far from over. Beijing has repeatedly called the islands its "sacred territory since ancient times".

"The Japanese move is a gross violation of China's territorial integrity and sovereignty, an outright denial of the outcomes of victory of the world anti-fascist war and a grave challenge to the post-war international order," said Yang, according to the Xinhua summary of his comments.

DOMESTIC DYNAMICS

Sino-Japanese ties have long been plagued by China's bitter memories of Tokyo's military aggression in the 1930s and 1940s as well as present rivalry over regional resources and clout.

The row coincides with a once-in-a-decade leadership change in China, while Japanese Prime Minister Yoshihiko Noda's ruling party faces a drubbing in an election expected in months, domestic dynamics that are make it hard for either side to retreat.

Noda is under fire from the main opposition party, which picked former prime minister and security hawk Shinzo Abe as its new leader, and possible next premier, on Wednesday. Abe has been most vocal of the candidates in urging Tokyo take a tougher line in its territorial dispute with China and South Korea.

Japan, which says the islands' purchase was meant to fend off a more provocative bid by the nationalist governor of Tokyo, Shintaro Ishihara, to have his metropolitan government buy them, is trying to keep communications channels open.

China postponed a ceremony marking the 40th anniversary of the resumption of diplomatic ties with Japan, but an official at the Japan-China Economic Association said Toyota Motor chairman Fujio Cho and Hiromasa Yonekura, chairman of Japanese business lobby Keidanren, and other representatives of Japan-China friendship groups would attend an event on Thursday in Beijing.

Patrol vessels from the two countries have also been playing a tense game of cat-and-mouse in the waters near the disputed islands, raising concerns that an unintended collision or other incident could escalate into a broader clash.

(Editing by Nick Macfie)

Source: http://news.yahoo.com/china-carrier-show-force-japan-tension-festers-000709338.html

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Economist's View: Romney's Misleading Attack on Social Insurance

I have a new column I hope you'll want to read:

Romney's Misleading Attack on Social Insurance

[I shoul dnote that the embedded links are, for the most part, added by the editors.]

Posted by Mark Thoma on Tuesday, September 25, 2012 at 03:33 AM in Economics, Fiscal Times, Politics, Social Insurance?| Permalink? Comments?(4)

Source: http://economistsview.typepad.com/economistsview/2012/09/romneys-misleading-attack-on-social-insurance.html

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Asian stocks fall as growth pessimism mounts

(AP) ? Asian stock markets fell Wednesday after pessimism about global growth prospects sparked Wall Street's worst sell-off in three months.

Charles Plosser, president of the U.S. Federal Reserve's Philadelphia branch, told an audience that the Fed's efforts to support the world's biggest economy would likely fall short of its goals. That soured sentiment and sent Wall Street lower Tuesday.

Global stocks had risen earlier in the month as the Fed and other central banks came up with measures to boost sluggish growth. But optimism stemming from those moves has faded. Central banks had already bathed economies in massive stimulus through low interest rates and bond purchases but the world is still struggling to eke out growth, highlighting the limits of monetary policy.

Tension between China and Japan, which are the world's second and third-biggest economies, have also knocked sentiment because of the risk it will affect trade.

Japan's Nikkei 225 stock average was down 1.7 percent at 8,932.88 and Hong Kong's Hang Seng dropped 0.9 percent to 20,514.32. South Korea's Kospi shed 0.6 percent to 1,979.74 and Australia's S&P/ASX 200 fell 0.3 percent to 4,360.70. China's Shanghai Composite Index fell 0.6 percent to 2,016.61.

Investors in Hong Kong and mainland China were also staying on the sidelines ahead of major holidays next week, said Jackson Wong, a vice president at Tanrich Securities. Chinese central bank authorities often announce policy changes during holidays.

"Investors are still very cautious and I see further corrections or consolidations ahead," Wong said.

In Tokyo, shares of export-reliant companies were sold on worries about the global economy and the continued strength of the yen. Toyota shed 1.9 percent and Murata Manufacturing Co. plunged 3.1 percent.

Masahiro Yamaguchi, a vice president at Mizuho Securities Co. in Tokyo, said auto and other export issues were getting hurt because of worries about a slowdown in China, as well as the possible negative impact on exports from a simmering territorial dispute with China over tiny islands.

"It's about the China risk," he said. "The monetary policies are likely helping keep the drop in check, but they weren't enough to keep the rise going."

Political uncertainty in Japan was also adding to the cautious mood. The main opposition party is choosing a new chief later in the day. The candidates have more assertive policies than the administration in power, which could further deteriorate relations with China. The ruling party is expected to suffer a serious setback in the next parliamentary elections because of an unpopular tax increase.

On Wall Street, the Standard & Poor's 500 lost 15.30 points, its fourth straight decline, to close at 1,441.59. The 1.05 percent drop was the worst for the S&P since June 25. The Dow Jones industrial average lost 101.37 points to close at 13,457.55.

In currency trading, the dollar fell to 77.73 yen from 77.70 yen late Tuesday. The euro fell to $1.2870 from $1.2898.

Benchmark crude was down 54 cents at $90.83 in electronic trading on the New York Mercantile Exchange.

_________

Yuri Kageyama contributed to this report from Tokyo.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-09-26-World-Markets/id-608fd853a8494f0c9da8777f28dda7ae

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Home Maintenance: 5 Fall Frugal Gardening Tips - Axia Home Loans

Summer is officially over and it?s time to start thinking about pumpkins, leaves falling and even Christmas decorations are starting to bloom inside department stores. In your garden and around your home it?s time to start thinking down the road as well.

In most parts of the country the Fall is the best time of year for all kinds of garden activities, including planting and transplanting my types of plants. It?s also the time of year when you can save a bushel of cash on gardening equipment and nursery stock, and save even more by properly tucking in your garden and equipment for its long winter?s nap. Here?s how:

1) Build yourself a compost pile and/or mulch

If you don?t already have one, you definitely want to start a compost pile in the Fall to provide a receptacle for all the leaves, pumpkins and other yard debris you should rake up before winter sets in. Building a compost pile can be as simple as staking up a hoop of three-foot-high ?chicken wire? or other mesh fencing; just so long as it allows for air circulation from the sides and is deep enough for leaves and other organic matter to compress itself thanks to the law of gravity. Also, keep your eyes open after Halloween and Thanksgiving for leftover bales of straw that might be discounted ? or even put out for the garbage man ? now that they?ve served their decorating purposes; straw makes great mulch or can be added to the compost pile. Mulching garden bedsin the Fall with wood chips, compost, or other suitable organic matter helps to retain ground moisture and protect plants sleeping underneath. Check with local landscaping and tree removal services in the Fall for some of the best prices of the year on mulch.

2) Score great deals on end-of-season local nursery stock

Just recently I saw a Japanese Maple measuring about 8-10 feet high for only $40! Plants, shrubs, ground cover, even soil sees a discount this time of year at your local nursery or Home Depot!

3) Update your garden tools and equipment

Fall season means it?s slowing down at the local Lowe?s and Home Depot for ?summer projects? so you?re likely to score a deal on the latest lawn and garden equipment they?ve overstocked. Pick up a new shovel, shears, planters, you name it!

4) Use your current plants to multiply and make more

In addition to being the best time to plant most springtime flowering bulbs (e.g. tulips, daffodils, crocuses, irises, etc.) as well as trees and shrubs, many perennial plants and vegetables can be divided in the Fall. Do a little homework on which ones are best for this sort of arrangement but you?ll find just a little light labor will have you with double the amount you had for no extra cost!

5) Tune up and do some TLC for your current tools and equipment

Since you won?t be mowing the lawn as much (or at all depending where you?re at), you?ll need to make sure you keep fuel that?s been treated with a stabilizer to prevent condensation and deposits. Sharpen your shears by cutting through the aluminum foil scouring pad a few times. Oil all metal surfaces of your tools with used or new motor oil, and scrub that dirt and rust off your shovels, hoes, etc, to guarantee their lifespan.

Hopefully this helps you in your yard and garden heading into the fall.

Reference: TheDailyGreen.com

# # # # #

About Axia Home Loans: Axia Home Loans is a full-service mortgage banker. Founded in 2007 and locally owned, the company provides access to a wide array of products and customized lending solutions, offers superior customer service and adheres to the highest ethical standards. With subsidiary divisions including The Advisors, TILA Mortgage and Axia Home Loans with branches in Idaho, Arizona, Hawaii, California, Montana, Utah and Washington State, Axia employs more than one-hundred loan originators. Locally Axia operates twelve branch offices with locations in Bellevue, Renton, Bothell, Longview, Lynnwood, Alderwood, Olympia, Yakima, Liberty Lake and Spokane. Axia Home Loans is a registered trade name of Axia Financial, LLC.

Source: http://www.axiahomeloans.com/blog/2012/09/25/home-maintenance-5-fall-frugal-gardening-tips/

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মঙ্গলবার, ২৫ সেপ্টেম্বর, ২০১২

সোমবার, ২৪ সেপ্টেম্বর, ২০১২

Medical tourism becomes popular with affluent Chinese

Medical tourism becomes popular with affluent Chinese

Image via blogspot.com


Sep 23, 2012

Modern care and a bit of shopping is just what the doctor ordered.

An increasing number of wealthy Chinese are flying overseas, but not to shop for luxury brands such as Louis Vuitton, Gucci and Prada. These people are looking for something not found on department store shelves. They are seeking beautiful faces, stronger hearts, clearer eyes or just a better understanding of their health.

Liu Yuan, a 31-year-old sales manager at an advertising company in Beijing, had laser eye surgery earlier this year. She was impressed with the care and the skill of surgeons at the private clinic she attended in Singapore.

"The long waiting time at public hospitals in China is so embarrassing and you can't choose the surgeon you want. And laser eye surgery in Singapore has a good reputation," Liu said.
The return flight cost her 5,000 yuan ($793) and she also had the opportunity to shop in Singapore. "It's a double-gain trip," Liu said.

She is one of the thousands of Chinese residents who choose to venture abroad for medical treatment. With the rising affluence and mobility of the country's emerging middle class, there's been a significant increase in the numbers of Chinese traveling overseas as medical tourists in the past decade.

Around 60,000 Chinese people travel abroad annually for healthcare services, especially for anti-aging therapy, cancer screening, to give birth and for treatment of chronic diseases, according to Yang Jian, CEO of the Shanghai Medical Tourism Products and Promotion Platform.

In January 2008, Shao Hui learned that his sister had been diagnosed with a 5 millimeter diameter tumor in her lung.
The diagnosis came from a hospital in Japan, which has some of the best cancer-screening technology in the world. Just a few months later, the same hospital told the 36-year-old businessman that he had cancerous growth in his stomach.

The results were beyond Shao's expectations. "We have annual health checks at one of the best hospitals in Beijing and they didn't reveal any problems," he said.

His sister decided to act on the suggestion of the Japanese physicians and have the tumor excised, but not to undergo any other treatment such as radiation or chemotherapy. The Japanese doctors also guaranteed that the cancer would not reappear.

"I talked with some doctors in Beijing and they were astonished. It's highly unlikely that such a small tumor could be detected in a hospital in China, and the doctors would never promise that there was no chance of a recurrence," said Shao.

Shao himself underwent a gastroscopy, an examination of the stomach and alimentary canal, in Japan. The treatment left a good impression on him. The procedure, usually performed through the mouth in China, is performed nasally in Japan, significantly reducing patient discomfort.

Shao and his sister were screened as part of a trial for his company, L'Avion, a travel agency that specializes in private medical tourism. Two years after the company was founded, Shao's family traveled to Japan for medical checkups in 2008. He later included the tour in the company's routes because of the treatment he had received.

Clients, most of whom are entrepreneurs aged from 40 to 50, pay thousands of yuan for overseas consultations and hundreds of thousands for surgery. At the high end, the service can include interpreters, tour guides, a first-class air ticket, a private driver and specially prepared Chinese or local cuisine. The company's most popular routes are anti-aging treatment in Switzerland and cancer screening in Japan.

Last year, the number of individuals in the Asia-Pacific region with more than $1 million at their disposal rose 1.6 percent to 3.37 million, according to the seventh Asia-Pacific Wealth report compiled by the consultancy Capgemini and RBC Wealth Management. Moreover, 17 percent of Asia's millionaires are located in China.

"Some, but still very few, of those wealthy people are aware of the importance of disease prevention. We are trying to promote the idea of enhancing the quality of life, rather than simply treating disease," said Shao.

Sheep serum therapy

Xiao Bo is familiar with medical treatment overseas. The 45-year-old from Jilin province in Northeast China works in international trade and spends most of the time in Beijing. A decade ago she started to pay regular healthcare trips to foreign countries, including the United States, Japan, Germany and Switzerland, seeking better technology and services than those provided in China.

Earlier this year, she paid 380,000 yuan for a trip to the Clinique Biotonus Bon Port in Geneva, Switzerland, where Nelson Mandela, the former president of South Africa, was treated in 1992. The clinic mainly provides treatment for intense fatigue, burnout and problems linked with aging.

The purpose of Xiao's trip was sheep placenta treatment, which she first had two years ago. The treatment is typically used to produce clear and healthy skin, free of wrinkles and blemishes. "Just compare the photos before and after the therapy, you can see a more youthful appearance and I feel I have more energy. The injection of serum has also boosted my immune system and I've been almost illness-free for the past two years," she said.

Chinese patients need to be better informed about the impact of lifestyle. They need to learn the value of good nutrition and exercise and to be aware of the importance of preventative medicine, said Mara Bianchi, assistant director at the clinic.

She said that the clinic has received more Chinese patients since 2006, when it started its cooperation with L'Avion. The influx of Chinese patients has brought changes to the clinic. Most of the physicians and nurses can speak at least two or three sentences in Mandarin and the menu now includes Chinese favorites such as porridge and pickled cabbage.

Growing demand

An aging population and rising incomes have increased the demand for medical and healthcare products and services throughout China. According to the Ministry of Health, mainlanders aged 60 or older accounted for 13.3 percent of the population in 2010, an increase on the 10.3 percent recorded 10 years ago.

"It is understandable that people choose to get medical treatment overseas. Generally speaking, Western countries are better off than us in terms of economics, medical technologies, and care services," said Liu Zhongjun, director of the Orthopedics Department of Peking University No 3 Hospital in Beijing.

For the wealthy, receiving treatment overseas may provide mental relief, if the medical care, services and hospital environment are taken into consideration. However in Liu's opinion, the price of treatment is too high - as much as a dozen times more expensive than in China - and far beyond the reach of the average person, said Liu.

"If some people think that overseas doctors have better skills than their Chinese counterparts, they are wrong," he said. "Doctors in the larger hospitals not only have up-to-date skills, facilities and equipment, but also a broader view of individual cases than their counterparts overseas."

"I will not go abroad for treatment if I become ill," he added.

New wealth in Asia

Medical tourism has become a boom industry in the past decade, not only in China, but the whole of Asia, mainly because of the emergence of new wealth in the region.

Industry experts predict that medical tourism in Asia will grow at a rate of 15 to 20 percent a year, according to reports from Reuters. Meanwhile, the Medscape News website predicts that the practice could generate $4.4 billion in the region this year.

That raises the question of whether competition from foreign providers might help to lower the cost of private medical treatment in China, but Deng Kaishu, vice-president of the Chinese Medical Doctor Association, said that's unlikely to happen in the foreseeable future because the number of patients is too small to make a difference.

"But the value of treatment for foreigners in China will inject new vitality into the domestic medical system," he said. "Traditional Chinese Medicine has great influence on patients overseas and we should better promote these services to attract them," he said.

Some medical service companies in China are making efforts to keep patients at home. Ciming Health Checkup Group, a leading private healthcare agency in China, set up the Oasis International Wellness Club in Beijing in mid-2011.

Membership services include free, extensive health checkups, tailored health management guidance, private doctors and overseas medical tourism services. Its clients, currently numbering around 50, are all Chinese and pay at least 120,000 yuan for a year's membership and around 3 million yuan for life membership.

Xu Qiong, a publicity officer for the group, says only 10 percent of clients aged between 35 and 55 have conditions that require surgery. "Most have non-life-threatening conditions and traditional Chinese medical treatment will always be the first choice. Thus, high-end medical services in China still have great potential," he said.

Source: http://feedproxy.google.com/~r/Eturbonews-TravelAndTourismIndustryNews/~3/4gA1EU1t-pQ/medical-tourism-becomes-popular-affluent-chinese

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Analysis: IPhone 5 defines Apple success, Tim Cook-style

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Source: http://hk.ibtimes.com/articles/20120922/analysis-iphonedefines-apple-success-tim-cook-style.htm

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Suicide bomber strikes church in Nigeria; 2 killed, 45 injured ? CTV News

Suicide bomber strikes church in Nigeria; 2 killed, 45 injured
CTV News
BAUCHI, Nigeria ? A suicide car bomber attacked a Catholic church conducting Mass in northern Nigeria on Sunday, killing two people and wounding another 45 in a region under assault by a radical Islamist sect, officials said.
Suicide bomber kills two, wounds 46, at Nigerian churchReuters
Suicide bombing in Nigeria kills two at churchTelegraph.co.uk
Suicide Bomber Attacks Bauchi Church ? Kills Two Injures 46AllAfrica.com
CNN?-Herald Sun?-AFP
all 677 news articles??

Source: http://www.nature-help.com/news/suicide-bomber-strikes-church-in-nigeria-2-killed-45-injured-ctv-news/

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রবিবার, ২৩ সেপ্টেম্বর, ২০১২

How to Plan Your Greece Wedding

Greece is widely regarded as the cradle of the western civilization. This was where many of the modern ethos first came into existence from the pre-historic to medieval era. The place is not only rich in archaeological heritage, but also in the continuation of many Greek traditions. Grecian weddings are among those rich cultural traits. This article is an attempt to produce a log file for Greece wedding ceremonies that one should keep in mind. There is much of the other help available in this regard, apart from this article, including the online one.

While planning any wedding ceremony away from home, one should keep in mind the kind of help they may require and the amount they may have to spend on it. Factors arising due to travel may considerably alter the budget you may have planned for your ceremony. Professional wedding planners could be hired to decide the course of events in such cases. Some ceremonies may not require much help beyond some paper work to be done and a couple of bouquets to be arranged for the bride and groom. There may be a considerable amount of decisions needed to be arrived at in other cases though. Greece wedding ceremonies require a lot of detailing, depending on how far one had made their mind to follow the rich traditional route.

One can decide from a wide range of locations for organizing Greece weddings. It also depends on how far you may have to travel from your home. Anything from a scenic island to a traditional countryside or a key urban area could be chosen as your wedding location. You could decide to stay at private villas, self-catering apartments or sea resorts depending on your personal needs. You should also decide in advance regarding which activities your guests may prefer to be part of. This may include the activities like cruise journey, sightseeing, swimming, snorkeling, spa, golf and hiking. Some famous places for Greece wedding ceremonies include Amorgos, Athens, Mykonos, Rhodes, Santorini and Crete.

As stated earlier, the ceremonies can be decided based on how traditional and lavish or not one desired to make the event. The place of actual wedding can be a place of worship, a private villa, on a cruise liner or a sea resort. Decisions such as the nature of reception after the wedding ceremony involving buffet, sit-down meal, Greek or non-Greek cuisines etc should be made well in advance. Depending on the budget and activities, one could plan to stay afloat anything from 2-3 days to an entire week for Greece wedding ceremonies. Of course, this should take the legal aspect and the required paper work into consideration too, as it would additionally require your time and attention.

Like any other wedding, Greece wedding does also demand for wedding robes, the mode of transportation, a very clear thought on how far the guests? expense may have to be born by you ? some guests may prefer to have their own ideas, but you could not choose to overlook maximum possible expenditure. Greece weddings have rich historical and traditional legacies associated with them. It becomes important in this context that loose ends of your ceremonies were sorted out full in advance, so that things did not go haywire at the eleventh hour. A fair degree of help could be hired in this regard from the professional wedding and event planners.

Pankaj Mohan is an Ahmedabad based freelance author, who often writes on behalf of Weddingflowers.gr. Visit this website to get useful info about Greece wedding [http://www.weddingflowers.gr/weddingflowers/en/FirstPage.action?null].

Source: http://www.greeceontheinternet.com/how-to-plan-your-greece-wedding.html

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Republican Party votes against 3 Florida justices

TALLAHASSEE |?The Republican Party of Florida voted this week to oppose the retention of Florida Supreme Court Justices Fred Lewis, Barbara Pariente, and Peggy Quince.

The vote comes at a time when another group is waging a campaign against the three judges, which it deems too liberal.

The judicial retention process does not pit justices against an opponent but asks voters ?yes? or ?no? if they should keep their job.

The state GOP says the case of Joe Elton Nixon highlights why the three should not be retained. He was on trial in the early 1980s for tying a woman to a tree and burning her to death. To try to spare Nixon the death penalty, his attorney admitted Nixon?s guilt without his consent. As a result, the Florida Supreme Court ruled he deserved a new trial because it said he did not receive an adequate defense.

In 2004, the U.S. Supreme Court disagreed and reversed the decision.

?The fact that the United States Supreme Court voted, unanimously, to throw out their legal opinion raises serious questions as to their competence to understand the law and serve on the bench and demonstrates that all three justices are too extreme not just for Florida, but for America, too,? a party statement read.

The group opposing the justices ? Orlando-based Restore Justice 2012 ? has created a scorecard and given the justices failing grades.

They are supported by 23 former Florida Bar presidents and have collectively raised $1 million in campaign funds.

All three justices were appointed by Democratic governors, but Quince?s appointment had the endorsement of the state?s incoming Republican governor, Jeb Bush.

matt.dixon@jacksonville.com, (904) 359-4174

Source: http://feeds.jacksonville.com/~r/JacksonvillecomsNewsSportsAndEntertainment/~3/ZDX8wTO4lA8/republican-party-votes-against-3-florida-justices

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Japan government mulls Renesas rescue with Toyota, others: sources

TOKYO (Reuters) - A Japanese government fund is considering a bailout of Renesas Electronics as part of a consortium including Toyota Motor Corp, countering a 100 billion yen ($1.3 billion)bid for the chip maker by private equity firm KKR, two sources said on Saturday.

The taxpayer-funded Innovation Network Corp's plan may include an offer of more than 150 billion yen in return for a controlling stake in Renesas, the two sources familiar with the discussion said on condition they not be identified.

The offer may be delivered to Renesas's shareholders, NEC Corp, Hitachi Ltd and Mitsubishi Electric Corp next month, the Nikkei business daily reported earlier. The group wants to acquire a majority stake in Renesas before the end of the year, the Nikkei said.

A spokesman for Toyota declined to comment on the report. Renesas in a statement said it had not released the information.

Being customers of Renesas, Toyota and other Japanese manufacturers might be persuaded to help the chip maker in order to secure their supply chains, an industry source told Reuters on condition he was not identified.

KKR "just wants to break it up and make money. They don't care about the supply chain," he said.

Officials at the three owners, who asked not to be identified, said they were unaware of the bid. One source at a financial firm said the plan that counters KKR could take several months to devise.

Joining Toyota and the government fund will be Panasonic Corp, Nissan Motor Co Honda Motor Co, Canon Inc, Fanuc Corp and auto parts makers Denso Corp and Keihin Corp, the Nikkei reported.

The group may also invite German industrial group Bosch GmbH and other foreign firms to join it, the Nikkei added.

KKR is also in talks to buy control of Renesas, which would be its largest investment in Japan, sources told Reuters last month. That deal would give KKR more than 50 percent of cash-strapped Renesas, and could speed the pace of its restructuring in the face of sinking prices and aggressive overseas rivals.

Renesas, the world's leading manufacturer of microcontroller chips used in cars, is laying off 12 percent of its workforce and plans to sell or consolidate half of its domestic plants.

It would be among the top 10 biggest private equity investments into the world's third largest economy. Run by cousins and private equity pioneers Henry Kravis and George Roberts, KKR has operated in Asia since 2006. Its only purchase in Japan to date is the 2010 acquisition of recruitment services company Intelligence from Usen Corp for $357 million.

KKR's bid is the second this year in Japan by a foreign private equity firm in a Japanese chipmaker, after China's Hony Capital and U.S. buyout fund TPG Capital teamed up to bid for Elpida Memory Inc.

Elpida, Japan's last remaining player in the dynamic random access memory (DRAM) market, is now in talks to be bought by U.S. rival Micron Technology Inc. ($1 = 78.1600 Japanese yen)

(Reporting by Emi Emoto, Maki Shiraki, Reiji Murai, Taro Fuse and Yoko Kubota; writing by Tim Kelly; Editing by Ron Popeski and Jeremy Laurence)

Source: http://news.yahoo.com/toyota-other-japanese-firms-propose-renesas-rescue-nikkei-023220651--sector.html

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শনিবার, ২২ সেপ্টেম্বর, ২০১২

Mice experiment may point to new ways to protect female fertility

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Source: http://news.yahoo.com/mice-experiment-may-point-ways-protect-female-fertility-010051498.html

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