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Investigation into Mumbai train bombings begins

Thursday, July 13, 2006

The toll in yesterday’s serial bombings on Mumbai‘s commuter trains has risen to 200 killed, with 714 people injured, according to the official estimate released by the Police. 127 victims have been identified and a further 56 remain unidentified, the estimate said. No group has so far claimed responsibility for the attacks. Indian authorities have said that the Kashmiri militant group Lashkar-e-Toiba (LeT) may be involved. An LeT spokesman has denied any involvement.

The day after the blast, schools, colleges and offices functioned normally in Mumbai and the commuter train service targeted in the bombings was operational. Many commuters rode the trains to work, though their numbers were smaller than usual. The Bombay Stock Exchange, located in the city shrugged off the bombings, with the BSE SENSEX gaining 3 percent on opening, calming fears that economic confidence will be undermined by the blasts.

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Two San Diego art museums receive $40 million art collection

Sunday, March 25, 2012

Two museums in San Diego, California have been bequested an art collection worth more than $40 million. The art collection was donated by Dr. Vance E. Kondon and Elisabeth Giesberger to both the Museum of Contemporary Art San Diego and the San Diego Museum of Art.

Kondon, a former board member of the Museum of Contemporary Art, died in 1997 and Giesberger died in 2011. Kondon was a notable art collector in San Diego, and collected for over 30 years. Roxana Velásquez, SDMA executive director, described their bequeathed collection’s “rarity” and said the pieces would add “depth” to the two existing museum collections.

The collection will be separated between the two museums due to the art movements represented within it. The Museum of Contemporary Art will receive 30 contemporary works by artists such as Franz Kline, Christo, and Craig Kauffman. The Museum of Art was bequeathed 48 German Expressionist paintings, drawings and prints. This collection includes artworks by Otto Dix, Gustav Klimt, and Egon Schiele.

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Australia/2006

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Extracting Company Profits To Invest In Property, Using Your Pension

There are 4 principle type of pension that a person can take out. Indeed when you get talking to the tax and pension specialists, these options seem to multiply by the second. In the end you dont know whether you are coming or going.

I am going to focus on painting a picture to explain a tax efficient method for extracting company profit. This picture, could serve as the basis for a discussion with your financial advisor, and help you then make a more informed decision.

The two vehicles I would suggest are a Self Administered Pension Scheme (SAPS), combined with a pension mortgage.

How a Self Administered Pension Scheme (SAPS) works

Pension premiums paid by a company on behalf of a director are deducted as an expense against corporation tax.

If you are self employed, or are a director with more than a 5% shareholding in your company you can take up to 25% of your retirement fund in cash, tax free. Pension contributions are invested in funds, which grow tax free. This means that you are not liable for the 23% tax that other savings products incur.

The amount of money a company can pay into a pension plan on behalf of a director depends on your salary, the length of time you have been with the company and when you intend to retire. The amount of money which can be paid to a pension is very substantial and allows you to build up a large retirement fund, from which to pay off your mortgage. You can choose to retire any time between age 50 and 70.

The SAPS is probably the most flexible pension for company directors/ self employed. It does, however require a reasonably high level of contributions for it to be cost effective as set up costs tend to be 2,000 upwards and annual management fees around 1,000.

How a Pension Mortgage works.

On March 25th 2004 legislation changed to allow investors to combine the attractions of good quality property investment and related borrowings with the generous tax breaks afforded to pension plans.

A Pension Mortgage is one of the most tax efficient methods of repaying a home loan because customers utilize the cash value of a personal pension fund to repay the amount borrowed.

Some of the typical features of a pension mortgage are as follows;

  • The initial equity amount may be made up of a transfer value, single premium, or the first regular premium. Financial institutions will typically fund between 50% and 75% of the purchase price of the property.
  • All pension contributions can be offset against taxable income within Revenue approved funding limits.
  • Rents can be used to offset interest payments and as such are tax free.
  • A Pension mortgage is like an endowment mortgage, with only interest being paid on the loan.
  • You will probably be asked to take out a life policy to protect the lump sum in the event of death.
  • Investors have to remain at arms-length from any property invested in such a scheme, this means that they, or any person connected with them, may not utilize the property.

On exit from an investment, the property may be disposed of without capital gains and the capital can be put into an approved retirement fund.

This method provides tax relief not only on interest repayments but also on pension contributions (therefore, tax relief is also received on the capital repayments). In addition, the pension fund grows free of tax.

How you combine the two pension vehicles.

This means that a company director with more than 5% shareholding in their can use a pension mortgage to purchase a property in their own name, yet effectively have the company pay for it.

You take out a personal mortgage on which you make the interest payments. At the same time the company sets up your SAPS on your behalf which, at retirement, can be used to pay off the mortgage. The company receives full corporation tax relief on the pension contributions.

It is important that all aspects of the investment are looked at, including the potential for over-funding.

Strongest earthquake in 150 years hits Costa Rica

Saturday, January 10, 2009

The United States Geological Survey said a 6.1 Mw earthquake struck on Thursday, at 01:21:34 p.m. local time (6:21:34 p.m. UTC) in northern Costa Rica, a Central American country, 30 kilometres (19 mi) NNW of San José and near the volcano Poás.

The epicenter was at 20 miles (32 kilometers) north-northwest of San Jose at a depth of 2.8 miles (4.5 kilometers), with Coordinate 10° 11? 49.2? N, 84° 9? 32.4? W, and Decimal 10.197,-84.159. Causing widespread panic and damage, it was felt all over Costa Rica as well as in southern central Nicaragua, and was the strongest to shake Costa Rica in about 150 years.

“Today is a day of mourning for Costa Ricans,” President Oscar Arias Sanchez said. “These losses of life fill us with pain; our prayers will be for their families, hundreds of families had seen serious damage to their homes,” Arias added. Originally seventeen people, including three children, were reported killed but was later decreased to 5 fatalities. About 42 were reported missing, at least 32 were injured and 2,450 people affected.

The quake toll jumped to 34 dead, 64 missing, on Saturday, while emergency workers rescued at least 200 stranded tourists in Varablanca hotel, according to Ministry of Infrastructure spokeswoman Silvia Chaves.

Amid problems of mudslides, cracked roads, tumbling rocks and fallen trees, National Social Security and Health agency, Red Cross rescue workers, firemen and police rushed Friday to evacuate about 600 people. Half of them were foreign tourists stranded in La Paz Waterfall Gardens eco-resort in Vara Blanca, and others were trapped by boulders and earth, when mountain roads in Costa Rica blocked two villages of Vara Blanca and Cinchona. The main CNE warehouse containing relief items (food, mattresses), for distribution to the victims, was burned, while the second airport in San Jose, is now closed.

Most of the victims died when part of the hillside collapsed and a landslide occurred near the La Paz waterfall at Vara Blanca, on the flanks of the volcano Poás. The Poas Volcano National Park was utterly destroyed and the La Paz waterfall road was torn, causing about 300 tourists trapped. At least 400 people were evacuated from the area in rescue helicopters.

Constant 2,000 aftershocks (1,200 through early Friday in the towns of San Pedro de Poas and Vara Blanca), complicated the rescue and emergency missions for stranded people in mountainous central zones. National Emergency Commission official Victor Falla said that there were small tremors every couple of minutes. “It’s shaking right now,” he added. 1,244 people were displaced, and 1,078 people are living in shelters. In addition, a hotel, houses, roads, and vehicles were damaged, and a couple of bridges were destroyed. The town of Cinchona was heavily hit, and all of the buildings there were heavily damaged. Power was temporarily disrupted in San José. “There are many buses and many vehicles that are trapped,” deputy public safety minister Jose Torres said.

In the central valley, populated by 2.5 million of the country’s four million inhabitants, the National Emergency Board declared an emergency in the metropolitan area including San Jose, Cartago, Alajuela and Heredia. The earthquake hit strongest the remote area near Alajuela. Several homes collapsed and major highways were still blocked.

A team of 34 U.S. military personnel and four Black Hawk helicopters from Honduras-based Joint Task Force-Bravo was sent on Friday by the U.S. Government to assist Costa Rican rescue workers, which include 400 volunteers and Red Cross personnel, who were dispensing aid in 15 communities. Colombia and China had also offered assistance to quake victims. The U.S. Army and Air Force aviation crews, rescue, medical and support personnel, is coordinating with the Office of U.S. Foreign Disaster Assistance (OFDA) in the rescue efforts. At least 150 stranded tourists from the United States, France, Canada and Spain, were finally rescued on Friday.

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Hewlett-Packard to expand partnership with SAP

Tuesday, January 30, 2007

This Monday Hewlett-Packard is to announce that it is expanding its partnership with SAP. The partnership will be working with NetWeaver around several new services. The company is also expected to mention about its new enterprise solutions that are currently in development.

Hewlett-Packard will offer its clients services for upgrading servers, storage and NetWeaver – SAP’s application builder platform meant for integrating business processes throughout different systems. Among other services that the company is going to provide comprise assessment, governance and some architecture services for R3.

The manager of Worldwide Packaged Applications for Enterprise Applications Services at HP Services Consulting & Integration, Tim Treat, stated that the company first of all looks at servers, storage and management and only afterwards it makes a proposal regarding the things that are to be updated. He mentioned that when Hewlett-Packard will work on upgrading servers and management, it will turn its attention towards Intel.

After performing all the upgrades, the company is going to offer its clientele a variety of services package options that are related to NetWeaver. The services offered by Hewlett-Packard will include: enabling the service, design and implementation, application development and management.

Tim Treat said that adaptive infrastructure is one of the company’s new things that are to come. Recently the company’s clients have put in place enough hardware capacity and infrastructure with the goal of supporting peak or quarter-end processes. However, a big amount of that capacity is unused till peak times. This is why Hewlett-Packard looks forward to bring solutions that are to allow users pay for the things they really use.

Treat also outlined the fact that, besides its new services, the company is to announce business-process consulting together with IDS Scheer – software and consulting company, which is one of the leading providers of Business Process Management and IT solutions.

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Explosives investigation at US Embassy in Chile; Pakistani man detained

Wednesday, May 12, 2010

A Pakistani man, identified as Muhammad Saif-ur-Rehman Khan, 28, was arrested in Chile on Monday after he was found with traces of explosives in the US Embassy.

Chilean police say that traces of Tetryl, used to help detonate explosives, were detected. Yesterday a judge ordered Khan’s continued detention under anti-terrorism laws.

It has been reported that Khan was in Chile for four months, and was called to the embassy to be told that his visa]] for the US was revoked. A US official told Reuters that “based on the information that we had, we revoked his visa.” The official declined to give the reason behind the decision, saying only that “[we] are required to notify individuals when we take that action and we invited him in.”

Khan spoke briefly to Chilean journalists and denied he was a terrorist or that he was handling explosives. “I’ve never seen anything like this in my life,” he said, claiming that the US “just want to hide the damage they have caused to Iraq and Afghanistan.”

This is not the first incident involving explosives at the US Embassy in Santiago; after the September 11 attacks of 2001, the embassy was sent a letter bomb that was defused.

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Cool Car Accessories For Teens

By Levi Quinn

Getting the first car as a teenager is among the most exhilarating experiences in a teenager’s life. Unfortunately, though, most teenagers will usually not have a sleek new-looking car as their first rides. Since the teenager will likely get a car that is a bit old or second-hand, chances are that you want to have the car supped up a little bit to make it look presentable. There are many gadgets and car accessories on the market that can give that old car a nice finish that will leave passersby taking a second and possibly a third glance at what they have done to the car. Some of these add-ons are relatively cheap and can be bought using the meager monthly allowances.

One of the coolest gadgets that will add some life to the old ride is the audio gear road trips. These wireless FM transmitters will make car CD changers look obsolete. These add-ons are capable of scanning and tuning to the clearest FM station within range. In addition, they can be connected wirelessly to an iPod. It makes it not only easy to play iPod music in the car but also allows a rapid charging of the iPod. Of course, everybody wants LCD screens in the car. Some LCD screens come with portable DVD players making them excellent additions to the car’s entertainment. A good portable DVD player will usually have a number of screens that can be positioned throughout the car. However, on a teenager’s budget, going for one LCD screen is enough.

[youtube]http://www.youtube.com/watch?v=H1w7Xq0E8Jc[/youtube]

Another of the cool additions is installing a scrolling license plate frame. These gadgets allow a person to personalize up to five messages using a wireless remote controller. Thus, one can tell the driver behind them about their favorite sports team or even advertise an upcoming event or business to other motorists. One can do so many wild things with this addition. It is like changing the mood on the road and letting the people around know about it. This amazing plate frame can be bought for less that $70. Other additions can also be placed around the license plate to make it look more glamorous.

A car’s audio system will likely be the most outstanding feature of any car. From a distance, it will alert everyone that a smart car is coming his or her way. There are many units on the market that offer stability and endurance to a car’s audio. The two most common speaker systems for a car are Kenwood and Pioneer sound systems. The options of playback are numerous. Pricing is largely based on the number of options a system will have. Most of the speakers from these two manufacturers have proven their worth on the market. Combined with the LCD functionality, these sound systems are definitely worth the investment to put into them. Having a plug power inverter will make the addition of the above and other devices not only easier but also safe while on the road. With less than $200, a teenager can make their car look new again.

About the Author: Enjoy your car travel and find the best deal on the auto insurance coverage you need. Visit us today for money-saving tips, auto insurance quotes online and helpful car insurance advice at www.AutoInsuranceRatesDirect.com

Source: isnare.com

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Slippery business: Materials scientists invent new coating for self-cleaning, water-efficient toilets

Thursday, November 21, 2019

In findings published on Monday in Nature Sustainability, researchers mostly from Pennsylvania State University (Penn State) in the U.S. reported the invention of a new coating that could reduce bacterial growth, water waste, and odor when sprayed onto an ordinary house toilet by rendering its surface too slippery for anything to remain attached for long.

According to the research team, half of all people worldwide are affected by limits on their water supply, while daily fresh water usage to flush the planet’s roughly 1 billion toilets and flush urinals is upwards of 141 billion liters (about 37 billion U.S. gallons, 31 billion imperial gallons); which they note is several times larger than the total rate of water consumption for the continent of Africa. Inventions that render the facilities more water-efficient, they reason, could have a profound impact on wastewater management, sustainable water use, and sanitation, possibly cutting the amount of water used to flush waste by, reportedly, a factor of two.

“Our team” study co-author Tak-Sing Wong said in a press release “has developed a robust bio-inspired, liquid, sludge-, and bacteria-repellent coating that can essentially make a toilet self-cleaning[.]” Wong is Penn State’s Wormley Early Career Professor of Engineering and an associate professor of mechanical engineering and biomedical engineering.

Co-developer Jing Wang recounted, “When we put that coating on a toilet in the lab and dump synthetic fecal matter on it, [the synthetic fecal matter] just completely slides down and nothing sticks to [the coated surface.]”

The more something sticks to a surface, the more water it takes to rinse it off. The researchers reported inventing a coating good at resisting substances that are sticky and vary profoundly in viscosity across their mass—like human fecal matter. They also reported the coating repels bacteria, which has implications for preventing the spread of disease and certainly reduces smells.

The invention, called a liquid-entrenched smooth surface (LESS) coating, involves two separate treatments, both presented as suitable for spraying onto ceramics amongst other materials. The first spray is made of molecularly grafted polymers, specifically polydimethylsiloxane silicone, that Wang described as resembling human hairs — though vastly thinner — once it has dried on the target surface, which makes the surface very smooth. The second spray covers the target surface in silicone lubricant. According to the report, the two-spray process is complete in under five minutes and lasts for roughly 500 flushes before requiring reapplication. Existing treatments have tended to take hours to set.

Carl Hensman of the Bill and Melinda Gates Foundation, which offered a contest for redesigning the toilet some years ago, noted the ingredients in the sprays are also found in commonly used products like — in the case of the first spray — toothpaste, and are unlikely to pollute nearby water supplies; though he also remarked that, because the spray wears off, it was unlikely to be used widely in developing countries as the researchers claim to hope.

Wong and three of his co-authors have started a company, spotLESS Materials, to transform their invention into a product. He remarked, “As a researcher in an academic setting, my goal is to invent things that everyone can benefit from […] As a Penn Stater, I see this culture being amplified through entrepreneurship, and I’m excited to contribute.” They have received support from the Rice Business Plan Competition, Ben Franklin Technology Partners’ TechCelerator, Y-Combinator, and the United States’ National Science Foundation, Department of Energy, and Office of Naval Research.

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New Zealand airlines relax knife regulations

Saturday, October 1, 2005

New Zealand has relaxed the safety rules imposed on internal airlines in 2002, once more allowing passengers to carry pocket knives with blades less than 60mm long and knitting needles.

Other larger items remain banned, including ice-skates, pool cues, hockey sticks, skateboards, cricket bats and harpoons.

Other countries more at risk from terrorism such as the United States of America and Australia will maintain their stricter rules and continue to ban a range of small, sharp objects from their internal flights.

The airlines have also agreed to help return items seized from passengers before boarding.

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