Current Scenario of the Indian Real Estate

The Indian real estate market has seen a sharp upturn in the recent years. Even when the world economy was reeling from the aftershock of the huge recession that hit hard even some of the largest & leading economy, the Indian real estate market remained immune to the downturn that was seen in almost every other sector. The real estate sector witnessed and is still getting investment from a large number of investors of both India and abroad. It has been a golden harvest even in this turbulent financial market. For most investors, real estate has been a refuge from the burn most bear due to the downturn in almost every other sector.

The question arises what kept the real estate such a prosperous option even during a time when every other investment option seemed such a huge risk. Studies have revealed the transparency in the way the real estate sector works and the strong legal rules guiding almost every aspect governing investments in this sector has made it a great option for the investors. With India becoming one of the major targets for the Foreign Direct Investors, the need for new property is on the rise. People need more residential complexes, places to build shopping malls, offices, industries, and even agricultural lands. And they need these in proper locations which will benefit the business. Thus the demand for real estate properties at some of the key locations within the country skyrocketed within a few years.

India today is a fast growing economy and almost 50% of the population comprises of the young, dynamic generation. As they establish themselves in the society, their requirements also increase. From tourism department to hospitality, all are grabbing the opportunity. The high income younger generation today is their primary target. Thus, demand for real estate is also on the rise. Space is required for hotels, restaurants, leisure activity zones, etc.

While the rise can be seen in all the parts of India, but the major towns and metro cities are most in demand. And it can be safely assumed that an investment at property in India is one of the safest options which can yield a high return for certain. With the continuing rise of the price of properties available in India it is one of the smartest choices when the question of investment decision arises.

One might be apprehensive given the recent news of major frauds happening in the financial sector, but one can always rely upon some of the oldest available options when it comes to buy real estates. There are many websites as well as companies which deal in the sector and one can always rely upon these to grab a great deal. These property sites will also provide excellent guidance to the first time investors. With such lucrative options available and such high returns guaranteed, the Indian real estate sector is one of the primary investment options one should look out for.

Source: http://www.therealestate.in/2013/06/current-scenario-of-the-indian-real-estate.html

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40 ex-Anglo staff lose jobs in London and Belfast

40 ex-Anglo staff lose jobs in London and Belfast

Saturday, June 29, 2013

Forty employees of the former Anglo Irish Bank, IBRC in special liquidation, have been made redundant at the bank?s London and Belfast offices.

In a statement issued yesterday, liquidators of the bank Kieran Wallace and Eamonn Richardson of KPMG said that they were using an insolvency provision to remove protection for the staff that would have seen them automatically transferred over to another company, Capita.

Capita is taking over the winding-down of the IBRC loan book that has been transferred to Nama.

The bank workers? union the IBOA said it was disappointed by the actions of the receivers.

BOA general secretary Larry Broderick said he was shocked that there was no commitment by Capita to take on the staff.

?While the decision to transfer the management of these assets to Capita is no real surprise under the circumstances, we are shocked and disappointed that no commitment has been made to implement legislation covering the rights of workers on the transfer of business,? he said.

Staff who have been made redundant will only receive statutory redundancy payments and are not guaranteed employment with Capita.

?It appears that, once the redundancies have taken place, Capita intends to hand-pick the staff they want to employ.

?The rest of the workers will be left to face compulsory redundancy on inferior terms than were previously agreed with the Republic?s Government as recently as 18 months ago,? said Mr Broderick.

In a statement, a spokesperson for Capita said it would make a number of positions available for employees.

?Capita Asset Services has not yet been in a position to commence engagement with the employees currently working on the Nama loan book within IBRC in London and Belfast.

?Nevertheless, we are committed to making available a significant number of permanent employment opportunities to the affected group.?

? Irish Examiner Ltd. All rights reserved

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Epigenetics study discovers cancer risks double when two carcinogens present at 'safe' levels

(Medical Xpress)?Science knows that arsenic and estrogen can cause cancer. At certain very low levels, the chemicals offer little to no threats to human health.

However, new research conducted by Texas Tech University scientists has found that low doses of both chemicals together ? even at levels low enough to be considered "safe" for humans if they were on their own ? can cause cancer in prostate cells.

The combination of the two chemicals was almost twice as likely to create cancer in prostate cells, the research found. The study published online in the peer-reviewed journal The Prostate.

Kamaleshwar Singh, an assistant professor at The Institute of Environmental and Human Health (TIEHH) at Texas Tech said the findings could have an impact on health regulations regarding the "safe" doses of these chemicals and others. Most regulations are set by testing one chemical at a time on cells. Very few if any have looked at multiple chemicals at the same time.

"The majority of cancers are caused by environmental influences," Singh said. "Only about 5 to 10 percent of cancers are due to genetic predisposition. Science has looked at these chemicals, such as arsenic, and tested them in a lab to find the amounts that may cause cancer. But that's just a single chemical in a single test. In the real world, we are getting exposed to many chemicals at once."

Singh said he became interested in studying two chemicals at once after looking at arsenic's carcinogenic properties in a previous paper.

Because cigarette smoke and well water in some areas, including India, Mexico and even Lubbock county, can contain arsenic, Singh and his doctoral student, Justin Treas, wondered how the carcinogenic properties might change when paired with the presence of another carcinogenic chemical.

The two focused on estrogen because of the chemical's abundance. Many plastics, such as food can liners and bisphenol A (BPA), release small amounts of chemicals that mimic estrogen in the body.

"Co-exposure was creating a greater impact," Singh said. "That was one of the important findings of our study. The next thing we wanted to know is how these two chemicals are creating a greater effect."

Unlike stronger chemicals that do major damage to the DNA in a cell, such as benzene, arsenic and estrogen aren't major mutagens Singh said. Instead, their presence tends to stop certain genes from expressing. The process is called DNA hypermethylation.

In the experiment, human prostate cells were treated about once a week for six months with arsenic, estrogen and a combination of the two. Many of the tests involved levels of arsenic, estrogen or both at levels considered safe by the Environmental Protection Agency.

Treas said the two chemicals stopped the MLH1 gene, which is responsible for sending the signal to start the self-destruct sequence when a cell is damaged. Because the self-destruct couldn't activate, the cells became cancerous after exposure.

"With the lower dose not killing the cell, it's causing damages that go under the cell's radar," Treas said. "We found when you have two compounds together, lower doses could be more serious problem."

Explore further: Exposure to low doses of BPA linked to increased risk of prostate cancer in human stem cells

Source: http://medicalxpress.com/news/2013-06-epigenetics-cancer-carcinogens-safe.html

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Abortion fight in Texas

Yes indeed, Texas Gov. Rick Perry has cut women to the quick with his insulting and condescending comments regarding Democratic State Senator Wendy Davis, who blocked the highly restrictive abortion bill with her filibuster of more than 10 hours. But then again, what can you expect from a man, who once suggested that Turkey?s leaders are Islamic terrorists?

In any case, women are intelligent enough to make their own decision concerning the necessity to terminate a pregnancy, carry a baby to full term and or raise a child as a single mother. Until Gov. Perry gets his medical degree, I suggest he and fellow Republicans remove their long arm of government and stop interfering with a woman?s right to choose.

? JoAnn Lee Frank, Clearwater, Fla.?

Source: http://feedproxy.google.com/~r/chicagotribune/voiceofthepeople/~3/RI_kjJLLzZE/chi-20130628-frank_briefs,0,6143375.story

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SmackDown live results: June 28, 2013

All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE, Inc. and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners. ? 2013 WWE, Inc. All Rights Reserved. This website is based in the United States. By submitting personal information to this website you consent to your information being maintained in the U.S., subject to applicable U.S. laws. U.S. law may be different than the law of your home country. WrestleMania XXIX (NY/NJ) logo TM & ? 2013 WWE. All Rights Reserved. The Empire State Building design is a registered trademark and used with permission by ESBC.

Source: http://www.wwe.com/shows/smackdown/2013-06-28/smackdown-live-results-june-28-2013

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Obama tells leaders to follow Mandela's example

U.S. President Barack Obama and South African President Jacob Zuma, not pictured, address a press conference following their meeting at Union Building in Pretoria, South Africa, Saturday June 29, 2013.(AP Photo/Jerome Delay)

U.S. President Barack Obama and South African President Jacob Zuma, not pictured, address a press conference following their meeting at Union Building in Pretoria, South Africa, Saturday June 29, 2013.(AP Photo/Jerome Delay)

U.S. President Barack Obama gestures during a news conference with South African President Jacob Zuma, not pictured, at the Union Building on Saturday, June 29, 2013, in Pretoria, South Africa. The president is in South Africa, embarking on the second leg of his three-country African journey. The visit comes at a poignant time, with former South African president and anti-apartheid hero Nelson Mandela ailing in a Johannesburg hospital. (AP Photo/Evan Vucci)

El presidente Barack Obama, izquierda, habla con su contraparte de Sud?frica Jacob Zuma el s?bado, 29 de junio del 2013 en Pretoria, Sud?frica. (Foto AP/Evan Vucci)

U.S. President Barack Obama and South African President Jacob Zuma address a press conference following their meeting at Union Building in Pretoria, South Africa, Saturday June 29, 2013.(AP Photo/Jerome Delay)

U.S. President Barack Obama flanked by First Lady Michelle Obama, left, waves with South African President Jacob Zuma, second right, and his wife Tobeka Madiba Zuma, right, on the steps of Union Building in Pretoria, South Africa, Saturday June 29, 2013. (AP Photo/Jerome Delay)

JOHANNESBURG (AP) ? President Barack Obama encouraged leaders in Africa and around the world Saturday to follow former South African President Nelson Mandela's example of country before self, as the U.S. president prepared to pay personal respects to relatives who have been gathered around the critically ill anti-apartheid icon.

"We as leaders occupy these spaces temporarily and we don't get so deluded that we think the fate of our country doesn't depend on how long we stay in office," Obama said.

Obama spoke at a news conference with South African President Jacob Zuma in the midst of a weeklong tour of the continent that also included stops in Senegal and Tanzania. But many other African nations are embroiled in religious, sectarian and other conflicts.

Obama decided to avoid stopping in his father's home nation of Kenya because of international disputes there. The International Criminal Court is prosecuting Kenyan President Uhuru Kenyatta for crimes against humanity, including murder, deportation, rape, persecution and inhumane acts allegedly committed by his supporters in the violent aftermath of Kenya's 2007 elections.

"The timing was not right for me as the president of the United States to be visiting Kenya when those issues are still being worked on, and hopefully at some point resolved," Obama said. He noted he's visited Kenya several times previously and expects he will as well in the future.

Obama and Zuma appeared at the Union Buildings that house government offices and the site of Mandela's 1994 inauguration as the country's first black president after 27 years behind bars for his activism.

The 94-year-old Mandela has been in a nearby hospital for three weeks after being admitted with a lung infection. Zuma told reporters that Mandela is in critical but stable condition and the whole nation is praying that he will improve.

Obama visited with two of Mandela's daughters and eight of his grandchildren Saturday at the Nelson Mandela Centre of Memory, part of the former president's foundation. Obama said he told the family he hopes Mandela draws comfort from the time he's spending with loved ones.

"I also reaffirmed the profound impact that his legacy has had in building a free South Africa, and in inspiring people around the world ? including me," Obama said in a statement after the visit. "That's a legacy that we must all honor in our own lives.

Obama also spoke by telephone with Graca Machel, Mandela's wife, while she stayed at his bedside in the hospital. Machel said she drew strength from the call and that Obama added a characteristic "touch of personal warmth."

"I am humbled by their comfort and messages of strength and inspiration, which I have already conveyed" to Mandela, she said.

The White House said that in accordance with the family's wishes, Obama was not planning to visit with Mandela.

In nearby Pretoria earlier, Obama revered Mandela as "one of the greatest people in history," referred to him by his clan name as he praised South Africa's historic integration from white racist rule as a shining beacon for the world.

"The struggle here against apartheid for freedom, Madiba's moral courage, this country's historic transition to a free and democratic nation has been a personal inspiration to me, it has been an inspiration to the world," Obama said.

"The outpouring of love that we've seen in recent days shows that the triumph of Nelson Mandela and this nation speaks to something very deep in the human spirit, the yearning for justice and dignity that transcends boundaries of race and class and faith and country," Obama said. "That's what Nelson Mandela represents, that's what South African at its best represents to the world, and that's what brings me back here."

Zuma told Obama he and Mandela are "bound by history as the first black presidents of your respective countries."

"Thus, you both carry the dreams of millions of people in Africa and in the diaspora who were previously oppressed," Zuma said, reading from a prepared statement.

On other topics, Obama declined to commit to supporting South Africa's bid for a permanent seat on the United Nations Security Council. He said the U.N.'s structure needs to be updated and it would be "odd" for an expanded Security Council not to have African representation.

"How we do that and what fashion is complicated, it's difficult and it involves all kinds of politics," Obama said.

"Everybody wants a seat at the table, but when it comes time to step up and show responsibility, sometimes people want to be free riders," Obama said, adding he wasn't referring to South Africa specifically.

Zuma responded that he wishes the process of change at the U.N. would speed up.

Obama also said he wants to boost trade with Africa and plans to renegotiate an African trade pact to improve it for American businesses. He said he welcomes competition from other nations who have been aggressive in pursuing commercial opportunities in Africa, including China.

"I don't feel threatened by it. I think it's a good thing," he said. He added: "Our only advice is make sure it's a good deal for Africa." He said that includes making sure foreign investment employs Africans and doesn't tolerate corruption or take its natural resources without compensation for Africans.

Obama also is paying tribute to South Africa's fight against apartheid by visiting the Soweto area Saturday afternoon for a town hall with students at the University of Johannesburg. At least 176 young people were killed in Soweto township 27 years ago this month during a youth protest against the apartheid regime's ban against teaching local Bantu languages. The Soweto Uprising catalyzed international support against apartheid, and June is now recognized as Youth Month in South Africa.

The university plans to bestow an honorary law degree on the U.S. president.

Protesters under police watch demonstrated outside the university against Obama's record on surveillance and foreign policy. Demonstrators from a range of trade unions and civil society groups chanted, "Away with intelligence, away," holding posters depicting Obama with an Adolf Hitler moustache.

"People died in Libya. People are still dying in Syria," said 54-year-old Ramasimong Tsokolibane. "In Egypt, in Afghanistan in Pakistan drones are still killing people. So that's why we are calling him a Hitler. He's a killer."

Obama has been trying to inspire the continent's youth to become civically active and part of a new democratically minded generation. Obama hosted young leaders from more than 40 African countries at the White House in 2010 and challenged them to bring change to their countries by standing up for freedom, openness and peaceful disagreement.

Obama wraps up his South Africa stay Sunday, when he plans to give a sweeping speech on U.S.-Africa policy at the University of Cape Town and take his family to Robben Island to tour the prison where Mandela spent 18 of his 27 years behind bars.

Obama has visited the island before, but said it's a particular privilege to bring his daughters back to learn its lessons.

___

Associated Press Television News reporter Bram Janssen contributed to this report.

___

Follow Nedra Pickler on Twitter at https://twitter.com/nedrapickler and Julie Pace at https://twitter.com/jpacedc

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-06-29-AF-Obama/id-e98b31506a1b4405a94523f430cc9356

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Judge scrutinizes Facebook deal to end privacy lawsuit over ads

Facebook

Dan Levine Reuters

7 hours ago

Reuters file

SAN FRANCISCO ? Child rights advocates tried to convince a U.S. judge on Friday that a Facebook legal settlement did not go far enough to keep content created by minors out of the hands of advertisers.

Five plaintiffs filed a proposed class action against Facebook in 2011, saying the social networking giant's "Sponsored Stories" program shared user's "likes" of certain advertisers without paying them or allowing them to opt out.

The case has highlighted tension between privacy concerns and Facebook's drive to monetize user content.

Under the terms of a proposed settlement, Facebook will pay $20 million to compensate class members, and promised to give users more control over how their content is shared ? changes which plaintiff lawyers estimate to be worth up to $145 million. Facebook charged advertisers nearly $234 million for Sponsored Stories between January 2011 and August 2012, court filings show.

U.S. District Judge Richard Seeborg in San Francisco preliminarily approved the settlement last year, but he still must give it a final sign-off."

At a hearing on Friday, Children's Advocacy Institute attorney Robert Fellmeth told Seeborg that no minors should have their content shared with advertisers. Seeborg did not say how he would rule, but said his role is only to say if the settlement is fair.

"My function here is not to craft the perfect policy for minors," Seeborg said.

Related story: Facebook to pull ads from pages with sex, violence

Earlier this month, Facebook announced a retooling of its advertising product offerings and eliminated the term "Sponsored Stories," though the company can still share its members likes of different products. Facebook attorney Michael Rhodes said in court on Friday that the legal settlement would still cover those types of advertising practices.

Under the deal, impacted Facebook users can claim a cash payment of around $10 each to be paid from the settlement fund, and plaintiff lawyers are seeking $7.5 million in fees. Any money remaining would then go to charity.

Seeborg called the $145 million valuation of changes to Facebook's site "highly speculative." However, plaintiff lawyer Robert Arns said the changes were very significant. "We think it sets a new standard for all social media sites in the U.S.," Arns said.

The case in U.S. District Court, Northern District of California is Angel Fraley et al., individually and on behalf of all others similarly situated vs. Facebook Inc, 11-cv-1726.

Copyright 2013 Thomson Reuters.

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