Posted on 2250 February 2012 by FernanV in Top Stories
Sharjah Former tenants of the gutted Al Baker Tower heaved a sigh of relief Tuesday after they collected compensation to the tune of Dh50,000 each as government aid.
Some 51 families out of the total 125 affected in the massive fire were entitled to compensation as a result of having lost all their personal belongings and life savings in the blaze that erupted at the residential tower in Sharjah last month.
"I’ve already moved into a new flat on Al Wahda Street but with the assistance, I will be able to buy a television and other electric appliances for the kitchen as well as curtains and new furniture," Kahtana Ebrahim from flat 101 said. "When I was looking for a new place to stay, the first thing I asked the management was if there was a fire alarm, a sprinkler system, and that the facade was not made out of aluminium," the father of four pointed out.
The Sharjah Housing Department was responsible for distributing Dh2.5 million relief funds to the affected families, based on directives from His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.
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Posted on 2114 February 2012 by FernanV in Top Stories
Los fabricantes de juguetes están aprovechando la fascinación de los niños con las tabletas y los teléfonos inteligentes para lanzar nuevos juegos que se conectan a aparatos con pantallas táctiles.
En la Feria Internacional del Juguete de Estados Unidos, que se realiza esta semana en Nueva York, Hasbro Inc. promociona el juego llamado “The Game of Life zAPPed”, una nueva versión de su clásico “El juego de la vida”, que permite girar la rueda del juego de manera virtual en un iPad.
Reuters
Hasbro ofrece una nueva versión de su clásico ‘El juego de la vida’ que incorpora una rueda virtual en el iPad.
Mattel Inc., mientras tanto, ofrece una nueva línea de juguetes llamados “Apptivity”, que permite a los niños usar muñecas Barbie y autos Hot Wheels que incorporan conductores especiales para controlar el movimiento de los juegos en una tableta. “Es toda una nueva categoría”, dice Tim Kilpin, un ejecutivo de Mattel.
No todos están convencidos de que la incorporación de este tipo de tecnología beneficiará a la industria, cuyas ventas en Estados Unidos se han estancado o caído en los últimos años. El año pasado descendieron 2% a US$21.200 millones.
“Las tabletas y los teléfonos son aparatos casi perfectos, para qué añadirles partes o accesorios que los hacen más voluminosos y menos elegantes”, señala Eric Levin, director del fabricante de juguetes Techno Source.
Los ejecutivos de la industria atribuyen el descenso en las ventas de juguetes tradicionales a la mayor competencia de otras opciones de entretenimiento, pero otros expertos citan un problema más básico: la falta de creatividad de los fabricantes, que año tras año producen las mismas muñecas, autos y pistolas.
“Una mayor innovación permitirá que los juguetes mantengan sus parámetros de precio porque el modelo actual no es sostenible”, dice Soren Torp Laursen, subdirector de Lego Company.
Aunque la competencia de precios en los juguetes clásicos se ha intensificado, los fabricantes saben que pueden cobrar un poco más por modelos únicos. La LeapPad Explorer, una computadora tableta para niños de LeapFrog Enterprises Inc., se agotó en la última Navidad y fue revendida en eBay por encima de su precio minorista de US$99 (en EE.UU.).
Los fabricantes llevan años lanzando versiones tecnológicas de sus marcas establecidas, con resultados desiguales.
Han tratado de transformar sus juguetes en franquicias de videojuegos y creado sitios web correspondientes.
Hace poco empezaron a licenciar derechos para hacer versiones físicas de éxitos digitales. A Mattel, por ejemplo, le fue bien con un juego de mesa inspirado en el fenómeno de los videojuegos sociales Angry Birds, de Rovio Entertainment Ltd.
Los nuevos juguetes van un paso más allá. Una versión renovada de Monopolio, de Hasbro, que en EE.UU. cuesta US$25, el doble del precio de la versión regular, usa un iPad, un iPhone o un iPod Touch para hacer transacciones con una tarjeta de crédito o de débito en cuentas virtuales. Los jugadores también pueden retar a sus contrincantes en mini juegos virtuales cuando sacan las tarjetas de Casualidad y Arca Comunal.
Otro nuevo juego en la línea Apptivity de Mattel, que va desde US$10 a US$20, deja que los niños usen sus autos Hot Wheels para controlar un juego de carreras en el iPad.
A algunos padres no les emociona dejar que sus hijos jueguen con aparatos tan caros.
“Me molesta que les lancen tanta tecnología a los niños”, dice Jill Simonian, una madre de Los Ángeles. “Los iPads no son juguetes”.
Otros fabricantes ensayan otra estrategia para aprovechar la afición de los niños por la tecnología. En vez de encontrar maneras de vender juguetes que requieren el uso de las tabletas de los papás, Techno Source apuesta a una tableta para niños llamada Kurio. Con un precio base de US$199, tiene 4.000 juegos disponibles, no vende mercancía virtual y permite a los padres bloquear sitios web que consideren inapropiados.
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Posted on 2114 February 2012 by FernanV in Top Stories
Story By: by Bill Chappell
Stephen Colbert, seen here in a file photo from November 2011, postponed production of his Colbert Report due to concerns about his mother’s health, according to reports. The show will resume taping Monday, according to Comedy Central.
The Colbert Report is set to resume production Monday, after a hiatus last week brought on by concerns over the health of Stephen Colbert’s mother, according to reports. Lorna Colbert, 91, lives in Charleston, S.C., where the Comedy Central star grew up.
Colbert received a flood of well-wishers’ thoughts on Twitter after his show abruptly ceased production for two days last week. Word eventually spread that Lorna Colbert was ailing, prompting many to offer their support.
“My family and I would like to thank everyone who has offered their thoughts and prayers. We are grateful and touched by your concern,” Colbert wrote on his Twitter account Friday evening.
The halt in production seems to have come after the talk-show host spent the previous week down in Charleston. The condition of Colbert’s mother is not widely known.
“They are a very private family,” a source tells The New York Post ref. “It’s not surprising that he did not want anyone to know what was going on.”
The youngest of 11 children, Colbert lost his father and two brothers in a plane crash in 1974, when he was 10 years old â an event that his older sister Elizabeth described during an interview in 2010.
In an interview with The New York Times this year, here’s what Stephen Colbert said about that devastating loss:
“‘I’m not bitter about what happened to me as a child, and my mother was instrumental in keeping me from being so,’ Mr. Colbert said. “‘She taught me to be grateful for my life regardless of what that entailed.’”
In addition to his mother, Colbert has a brother and sister who reportedly live in Charleston.
The Colbert Report collected an honor from the Writers Guild of America Sunday night, when the show’s writers â a group which, as you’d imagine, includes Colbert â won in the category of “Comedy/Variety (including Talk)” shows.
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Posted on 2045 February 2012 by FernanV in Top Stories
“Indians can never be good terrorists,” argued Canadian comedian Russell Peters at one of his shows in New York City. “They don’t hate Americans…they just hate each other!” For Indians like me sitting in the audience, Peters’s observation struck an immediate chord. They broke out into hesitant chuckles, apprehensive whether it was just one or two of them who shared the somewhat controversial sentiment. Then, on realizing that everyone in the auditorium was chuckling, came the loud laughter.
Mayank Maheshwari
It is a known fact among Indians and a common observation by visitors to the country that we Indians lack the manners which form the intricate fibers of any civilized society. Far from using words such as “thank you,” “sorry” or “excuse me,” there is a complete lack of respect for others’ space or property. Road manners are non-existent, people are dirty in public places and there is a complete disregard for ethical, if not legally-enforceable, courtesies such as forming queues or tipping good servers. So much so that there are now counseling services in civic behavior and social manners recommended for Indian students and others migrating to countries like Australia or the U.K.
As India gears up to play host during the upcoming Indian Premier League, the much-awaited Commonwealth Games and the eagerly anticipated Cricket World Cup, and as the country positions itself as a leader in the world of business, tourism and education, it is high time we Indians pulled up our socks and offered our compatriots and visitors the respect we ourselves crave.
That Indians disrespect civic courtesies might strike the uninitiated as an exaggeration or even a stretch of the imagination. Yet, there are a few reasons that explain this problem well.
The first of these can be traced back to India’s feudal history and its infamous caste system, where social hierarchy was given precedence over social equanimity. Isn’t it a wonder, even today then, that a deep-pocketed customer talks down to a restaurant waiter who is perceived to be of a lower class? Or that the driver of an expensive car authoritatively claims it is the fault of the motorcyclist in an accident?
The concept of a singular and unified country is also very contemporary in India’s biography. It was not until 1912, when Mahatma Gandhi joined the Indian freedom struggle against the British and introduced the idea of swaraj or self-rule that India awoke to the idea of oneness. Till then, the country was a jigsaw puzzle of thousands of tehsils, kingdoms and independent territories. Having such diverse sets of people crammed into a single country—it is any wonder—led to, and is still leading to, a missing sense of civility and harmonious living.
Finally, in a country with stark poverty and with the world’s second largest population, there has always been a cultural push towards single-minded competitiveness, be it in schools, offices or homes. The development of softer skills and emotional intelligence has thus been sidelined in favor of building more tangible and marketable skills. After all, why develop a refined sense of table manners when it is really the ability to crunch accounting figures that will earn the high paycheck?
Though anecdotes of disrespect and shabby treatment may form the brunt of jokes over a few glasses of beer, we need to smell the coffee and realize that the problem is far more severe.
For starters, disrespectful behavior causes irritation and leads to anger, even in the otherwise respectful. This, in turn, leads to more disrespectful behavior, creating a vicious cycle. Since starting to drive in India after spending many years abroad, I am surprised to find myself instinctively punching the horn back at ruffian drivers or cutting traffic lines on seeing others do the same time and again.
Second, a lack of respect by us is bound to lead to a lack of respect toward us by others. On an flight from Dubai to New York a few months back, I winced at seeing a large group of Indians airily demand a round of drinks from the flight attendant by snapping their fingers and later, sulk and complain as they were rightly ignored by the serving staff onboard.
Last, and most important, a lack of respect for civic manners is a large burden on public resources. We don’t follow simple traffic laws, leading the police to chase after us rather than to catch real criminals. We break queues time and again, leading to the hiring of special personnel to monitor queues in movie halls and airports instead of building factories and schools. And we litter in public places like parks and museums, leading government to spend money on cleaning waste instead of restoring our national monuments or building more gardens.
It is no secret that with India’s large population and developing economy, there are bound to be pulls and pushes as several compete for limited resources. Yet, with a burgeoning middle class, a greater emphasis on building soft skills in schools and colleges, and a harder drive by government bodies to educate citizens, India can claim to be not just a rising economy, but also a virtuous society.
In the end, the onus for building a new class of manners-conscious and respectful Indians falls on many of us, who are culturally-savvy, educated and in a position to carve out change in our offices, schools and communities. We have a rich and well-regarded history; a bustling and energetic population; and a compassionate and societal nature. An act of kindness towards a stranger, a greater degree of control on personal behavior and better awareness of disrespectfulness is really all that India needs to make a stronger mark in the global community. We Indians are not bad people. We just need to work on being nicer.
—Mayank Maheshwari is a former investment banker and an aspiring social entrepreneur. He currently serves as director at the Hope Hall Foundation School, a private school catering to middle-income families, and is based in New Delhi
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Posted on 1945 February 2012 by FernanV in Top Stories
Algeria, a gateway between Africa and Europe, has been battered by violence over the past half-century.
Part of the Turkish Ottoman empire from the 16th century, Algeria was conquered by the French in 1830 and was given the status of a "departement". The struggle for independence began in 1954 headed by the National Liberation Front, which came to power on independence in 1962.
In the 1990s Algerian politics was dominated by the struggle involving the military and Islamist militants. In 1992 a general election won by an Islamist party was annulled, heralding a bloody civil war in which more than 150,000 people were slaughtered.
An amnesty in 1999 led many rebels to lay down their arms.
Although political violence in Algeria has declined since the 1990s, the country has been shaken by by a campaign of bombings carried out by a group calling itself Al-Qaeda in the Land of Islamic Maghreb (AQLIM).
The group was formerly known as the Salafist Group for Call and Combat, and has its roots in an Islamist militia involved in the civil war in the 1990s.
Although experts doubt whether AQLIM has direct operational links with Osama Bin-Laden, its methods – which include suicide bombings – and its choice of targets, such as foreign workers and the UN headquarters in Algiers, are thought to be inspired by Al-Qaeda. North African governments fear that local Islamist groups in Algeria, Morocco and Tunisia may be linking up under the umbrella of the new movement.
After years of political upheaval and violence, Algeria's economy has been given a lift by frequent oil and gas finds. It has estimated oil reserves of nearly 12 billion barrels, attracting strong interest from foreign oil firms.
However, poverty remains widespread and unemployment high, particularly among Algeria's youth. Endemic government corruption and poor standards in public services are also chronic sources of popular dissatisfaction.
Major protests broke out in January 2011 over food prices and unemployment, with two people being killed in clashes with security forces. The government responded by ordering cuts to the price of basic foodstuffs, and repealed the 1992 state of emergency law.
In 2001 the government agreed to a series of demands by the minority Berbers, including official recognition of their language, after months of unrest involving Berber youths demanding greater cultural and political recognition.
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Posted on 1945 February 2012 by FernanV in Top Stories
This isn’t the first time companies have had to weather economic storms. And although no two economic crises are exactly alike, there are powerful lessons to be learned from the past.
To understand how companies survived — or even thrived in — previous harsh times, we talked to Nancy F. Koehn, a business historian, author and professor of business administration at Harvard Business School. Here are excerpts of that conversation.
Getting Out of a Pickle
THE WALL STREET JOURNAL: What are some of your favorite examples of companies surviving a downturn?
NANCY KOEHN: The first one that comes to mind is Henry Heinz, who founded the Heinz Co. back in 1869.
He’s getting the thing going, selling mostly horseradish and pickles out of Pittsburgh — and growing very quickly. He’s a brilliant salesman.
Very suddenly in 1875, a banking crisis makes it extremely difficult for him to get short-term credit — it’s just the kind of issue we’re reading about in the papers now — and he goes belly up. He has to sell his parents’ furniture to pay the liens on his equipment. And in three months, he’s back at it again.
WSJ:
How did he do it?
MS. KOEHN: He figured out ways to get his employees to come back and delay wages. He managed to get some of the people that he had rented equipment to, to rent the equipment back to him at half price.
Within a year, he brought ketchup out and is back on his way with some very important lessons and some important innovations.
The first lesson is: Get yourself into business with very trustworthy people, because one of the reasons the business goes quickly bankrupt in the credit crisis is because his partners basically bail out on him. Second, make sure you understand what your demand is. Third, collect your accounts receivable quickly.
And innovation is critical. Heinz, by bringing out ketchup and a bunch of other related products, created and fed a market.
WSJ: What prompted him to decide to start a new product when he’d just gone through this failure?
MS. KOEHN: He is just thinking, “What else can I sell consumers that is affordable and that builds on my own expertise?” So it’s a combination of what do I have, what do I know about, and what do consumers need?
Stuart Cahill
Nancy F. Koehn
WSJ:
What role does marketing play in downturns?
MS. KOEHN: It is in the early 1930s [during the Depression] that Procter & Gamble Co. says, “We are going to market the hell out of our products, and we’re going to do it on radio,” which was like the Internet of the time, “and we’re going to sponsor these little dramas.” That’s how they came to be called soap operas. So [one lesson in downturns] is market, market. Don’t cut back on marketing.
WSJ:
What are some of the more unusual downturn strategies you’ve studied?
MS. KOEHN: I think what Tom Watson Sr. did at [International Business Machines Corp.] during the Great Depression is kind of crazy.
In 1932, he announces that IBM will spend $1 million to build a stand-alone R&D lab [for punch-card tabulating machines] in Endicott, N.Y. Everybody else in this game is slicing R&D. Watson is actually employing more people, building more machines and still telling the factory that even if he can’t sell them, to keep adding to inventory. This puts a tremendous amount of pressure on the business. They’re not selling all the machines.
By 1935, [President Franklin Delano] Roosevelt signs the Social Security Act, and that creates an enormous new market for data processing on the part of companies and on the part of the government. It’s an interesting example of someone who really believed that what he was making had a market and that the market would come back sooner than later.
Too Much Hunkering Down
WSJ: When you’re watching the headlines in the financial press right now, do you think companies are
doing too much hunkering down?
MS. KOEHN: I do. At a general level, American business leaders and other managers have spent months in fear mode — primarily in a reactive, fear-driven, fast-acting mode. That is very natural given the shock and speed of this downturn.
WSJ:
What leadership traits are required of CEOs now?
MS. KOEHN: Leaders need to think and act as entrepreneurs. One of my colleagues here at Harvard Business School, Howard Stevenson, once defined entrepreneurship as “the relentless pursuit of opportunity without regard to resources currently controlled.” The spirit of this definition is important right now. We have to be thinking — as many are already — about the opportunities that lie nestled within the turbulence all around.
—Mr. Kesmodel is a Wall Street Journal staff reporter in Chicago.
Write to David Kesmodel at david.kesmodel@wsj.com
Printed in The Wall Street Journal, page R1
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Posted on 1924 February 2012 by FernanV in Top Stories
SÃO PAULO (Dow Jones)–La firma minorista farmacéutica Brazil Pharma SA anunció su segunda adquisición en menos de cuatro meses, en el marco de sus planes de expansión anunciados cuando realizó una oferta pública inicial.
Brazil Pharma, firma controlada por el banco de inversiones brasileño BTG Pactual, informó el lunes que acordó adquirir una participación del 70% en el competidor local Sant’ana S.A. Drogaria Farmacias por 347 millones de reales (US$260,5 millones).
En noviembre, la compañía anunció la adquisición de Grupo Big Ben por 453,6 millones de reales, y en junio, recaudó 414 millones de reales mediante una oferta pública inicial en la bolsa local.
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Posted on 1824 February 2012 by FernanV in Top Stories
Italian prosecutors say they have broken up an organised crime ring that was hiding trillions of dollars of fake US bonds.
Worth $6 trillion, the bonds were found in three metal boxes in a warehouse in the Swiss city of Zurich.
Italian authorities have arrested eight people and are investigating them for fraud and other crimes.
Prosecutors are not sure what the gang was planning, but think they intended to sell the counterfeit bonds.
Investigators, based in Potenza in southern Italy, say the fraud posed "severe threats" to international financial security.
In cooperation with Swiss police, they tracked down three metal boxes to a warehouse in Zurich. The crates contained thousands of fake US bonds that gave the appearance they had been issued by the US Federal Reserve in 1934.
US officials confirmed that the bonds were counterfeit.
Fake US securities have been seized in Italy before and there were at least three cases in 2009.
But this case is on a different scale to previous investigations, as the fake bonds have a value equivalent to almost half of the entire US debt pile.
"Everything began with an investigation into mafia clans in the Vulture-Melfese area in the southern Basilicata region," said Giovanni Colangelo, the head of the prosecutor's office in Potenza.
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Posted on 1824 February 2012 by FernanV in Top Stories
El aumento de los precios de la gasolina amenaza con frenar la recuperación de Estados Unidos justo cuando parece estar cobrando impulso.
Los precios de la gasolina han aumentado drásticamente en las últimas semanas. El precio promedio del galón de gasolina regular subió 13,5 centavos, a US$3,518 la semana pasada, según la AAA, una asociación de automovilistas. En algunas partes del país, sin embargo, se han experimentado aumentos mayores, con precios llegando a los US$4 por galón en ciertas áreas de California.
Hay un riesgo todavía mayor: las crecientes tensiones en Irán intensificaron la amenaza de una interrupción significativa del suministro de petróleo a nivel mundial, que según los expertos podría enviar el precio a las nubes. El martes, los precios del petróleo a futuro subieron tras los reportes que indicaban que Irán cortaría el suministro a seis países europeos, como represalia al embargo de la UE contra el petróleo iraní que entraría en vigor en julio. Más adelante, el ministro de Hidrocarburos de Irán desmintió la información.
Los precios del petróleo afectan prácticamente todos los aspectos de la economía estadounidense. Obligan a los consumidores a recortar otros gastos discrecionales como salidas a comer en restaurantes, cortes de pelo y vacaciones, perjudicando a tales industrias. Las empresas, a su vez, afrontan menores márgenes de ganancia, puesto que tienen que pagar más para llevar sus productos al mercado, y mayores costos en plásticos y otros derivados del petróleo. Un aumento prolongado puede conducir a la inflación y deprimir el empleo.
El alza del combustible “tiene el poder de descarrilar la recuperación económica que ya no se ve muy fuerte”, dijo Paul Dales, economista de la firma de investigación Capital Economics.
Al igual que Dales, otros economistas temen que se repita la situación del año pasado, cuando el alza en los precios del petróleo a raíz de la crisis de Libia frenó en seco el repunte de la economía estadounidense. “Los precios del petróleo y el gas jugaron un papel muy importante en la posterior desaceleración de la economía estadounidense a mediados del año pasado”, señala Dales.
Los mayores precios del petróleo tienden a aparecer primero en el gasto del consumidor. Los estadounidenses dedican menos del 5% de su ingreso disponible a la compra de combustible, pero debido a que la mayoría de las familias no pueden recortar fácilmente el uso del automóvil, al menos en el corto plazo, el alza de la gasolina se traduce en un menor gasto en otras áreas. Por otra parte, debido a que los precios del combustible son tan visibles tienen un impacto desproporcional en la confianza del consumidor, señala Chris Christopher, economista de IHS Global Insight.
“El estadounidense promedio no puede decirle a su jefe, ‘oiga, necesito ganar más porque me está costando más llegar al trabajo’”, señala Christopher.
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Posted on 1824 February 2012 by FernanV in Top Stories
Consultants from Moorfields Eye Hospital Dubai together with colleagues from Moorfields Eye Hospital in London will present a series of scientific papers when Abu Dhabi hosts the World Ophthalmology Congress 2012 (WOC2012) for the first time in the Middle East, later this month (February 16-20).
More than 10 expert specialists from the world’s oldest eye hospital and its first overseas branch will present papers covering advances in screening, diagnosis, surgical techniques and the latest treatments for a wide range of eye related medical problems, including the serious complications associated with diabetes. They will join more than 2,000 speakers at WOC2012 who will lead more than 500 scientific sessions.
Dr Chris Canning, Medical Director at Moorfields Eye Hospital Dubai, will lead the Moorfields consultant team at WOC2012 and will also deliver two papers at the scientific conference – on the role of digital enhancement of retinal photographs for screening diabetic retinopathy, and on the use of medicines in treating blood vessel disease in the retina.
“It is an enormous honour for all eye specialists in the United Arab Emirates for the World Ophthalmology Congress 2012 to be held in Abu Dhabi and a privilege for Moorfields to participate through expert speakers from the London hospital and Dubai branch,” said Dr Canning.
“Many of our speakers are world leaders in their respective fields and it is a privilege for us to be able to bring this extensive professional knowledge to a global professional audience at WOC2012.”
WOC2012 will present the latest in scientific practice, and exhibits of new ophthalmic drugs and equipment, with attendees and representatives from countries throughout the world. WOC 2012 will offer thousands of international experts.
Originating in 1857, the World Ophthalmology Congress is convened every second year to bring the world’s ophthalmologists together to meet, learn, and advance the science and progress of ophthalmology. It offers a unique platform and the opportunity to meet with and network with an international audience and gain insight into the latest product information and trends.
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