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Monday, October 13 2012
OlympicsTODAY 2012 NEWS dailynews ON MONDAY OCTOBER 13, 2012 Bolt Strikes again
Shark Attack In Australia.
The man who may have been bitten by a shark as he body-surfed with his teenage son off the coast of Ballston Beach in Truro, Mass., is undergoing surgery today but is expected to live, officials said. The attack happened around 3:30 p.m. Monday when Chris Myers, a father of two, was pulled under the water by what is believed to be a shark. Police say Myers was bit in both legs below the knees in possibly one single, crushing blow. “They [rescuers] dragged him out and they had to carry him up here and they had to wrap it around his legs and he was bleeding through the gauzes,” a witness told local ABC affiliate WCVB. “It was
Kaka on loan to Ac Milan
bad. Both [of] his legs were pretty bad.” Shark experts said they must examine Myers’s wounds before confirming if his injuries were caused by a shark or another marine animal. City officials said they would keep Ballston Beach, part of the Cape Cod National Seashore, open in the meantime but post shark warnings as a precaution for beachgoers. Myers was conscious and alert when authorities loaded him into an ambulance. He was taken in stable condition to Cape
A DOCTOR IN THE HOUSE
Raya Disaster
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dailynews ON MONDAY OCTOBER 13, 2012
Iraqi leader sentenced to death
Availability of schools checked for end ‘November speculating’ polls date BY JAY APRIL allnews@dailynews.com
KUALA LUMPUR: The rumour is that November would most likely be the month of the next general election and this has just grown stronger after reports that top officials within the Education Minitry was called to check the availability of schools at the end of that month. This was because that is when the SPM BAGHDAD: The vice president of Iraq was convicted of and STPM examinations are held and murder and sentenced to death on Sunday in a trial conductsources claimed that it would be the ed in absentia, said a report published in New York Times. time when the last of the 28,000 MusThe verdict coincided with a wave of and roadside bombings of Aug. 16 that lim pilgrims would return from the bombings and insurgent attacks that killed about 100, including dozens at Haj. It is also the time when Budget claimed at least 100 lives, making Sun- an amusement park in eastern Baghdad. day one of the bloodiest days in Iraq since Earlier this summer, the country seemed 2013 is passed. The last batch of MusAmerican troops withdrew last year. to be moving toward a sense of normal- lim pilgrims are expected to be back Together, the verdict and the vio- cy, with an easing of checkpoints in the latest by November 19. lence threatened to deepen an already intractable political crisis among the country’s ruling factions. Opposition leaders who support the vice president, Tariq al-Hashimi, responded angrily to the court’s action, accusing the government of trying to sideline them from a power-sharing arrangement meant to guard against the sectarian violence that continues to plague the country. Attacks were reported in at least 10 Iraqi cities on Sunday, including neighborhoods of Baghdad, where two markets, a restaurant and a crowded square were struck, capped by a car bomb that exploded late in the evening in Sadr City, a ruling party stronghold in the capital. The attacks underscored the increasing potency of insurgent groups in Iraq, which appear to have blossomed amid the political paralysis that followed the American departure. Their attacks have tended to come in coordinated waves across the country, including the attacks by opposition extremists on July 23 that killed about 107 people and appeared to reflect a spillover of sectarian strife from neighboring Syria, and the car
capital, new buses going into service and women returning to local cinemas. But the mounting insurgent violence has prompted the government to re-impose security measures and has revived a sense of siege in the cities. Opposition lawmakers have been assailing Mr. Maliki’s government for months. Arab and Kurdish officials have accused Mr. Maliki of trying to monopolize power, and they have been attempting to force him from office through a vote of no confidence. No one immediately took responsibility for Sunday’s bloodshed, which capped a summer of deadly violence. Lately, Al Qaeda in Iraq, the main insurgent group, has claimed responsibility for most high-profile attacks. The group recently announced on a jihadi Web site that it would attempt to reassert control over Sunni regions in the country. A series of explosions in Kirkuk, about 150 miles north of Baghdad, claimed at least 19 lives, and included a suicide car bombing outside a building where people had gathered to apply for security jobs at the government-run North Oil Company.
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dailynews ON MONDAY OCTOBER 13, 2012
Protesters in Malaysia Accuse Police of ‘Brutality’ KUALA LUMPUR, Malaysia — Displaying bruises and scrapes, participants in a weekend protest said Sunday that the police used brutal tactics to shut down their rally for fair elections, prompting the organizers to demand an inquiry by the country’s Human Rights Commission. On Saturday, a peaceful demonstration around Independence Square in Kuala Lumpur, the capital, turned violent when a group of protesters breached the barricades around the site and the police responded with tear gas and water cannons. The police said that 471 people had been arrested during the demonstration, one of the largest in recent years in Malaysia, but that they had all been released. The protest was organized by the Coalition for Clean and Fair Elections, a group of 84 organizations seeking major changes to the country’s electoral system. The group, known as Bersih, which means “clean” in Malay, says the electoral system unfairly favors the governing coalition. The police put the crowd at 40,000 to 50,000
Politics dictating future of Malaysia Inc, says Singapore paper
people; organizers said it was significantly larger. While the government commended the police, political analysts predicted that the decision to fire tear gas and water cannons at demonstrators could damage support for the governing coalition before the next elections, possibly in June. Eight men and a woman said at a news conference organized by Bersih on Sunday that they had been beaten by the police. Several of the men had bruises and swollen eyes. One man, Adrian Low Kok Swee, 28, who revealed a large bruise on his back, said a police officer grabbed him and told him he was being detained because his shirt was yellow, the color of the Bersih movement. As he was being led away, Mr. Low said that “policemen came along and punched and kicked me.” A police spokesman, Ramli Yoosuf, said Sunday that he could not comment on the accusations, but
he added that “as far as we are concerned we have exercised restraint.” The minister of home affairs, Hishammuddin Hussein, dismissed claims that the police had provoked the protesters, according to a report by The Star, a Malaysian newspaper. “Far from it, the police behaved with utmost professionalism and restraint,” he was quoted as saying. A court order issued on Friday prohibited anyone from entering Independence Square, and organizers had pledged that they would not break through the barricades. The police said they responded after some protesters broke that pledge. About 20 officers sustained injuries, mostly minor, although three were still in the hospital, the police said. The Bersih organizers said 117 demonstrators had received medical treatment, mainly for minor injuries. Ambiga Sreenevasan, a co-chairwoman of Bersih, said the coalition wanted the Human Rights Commission to conduct an inquiry that would examine who had breached the barricades and look into the treatment of protesters by the police. The lawyers’ group the Malaysian Bar Council also condemned the authorities’ response and said its monitoring teams had witnessed numerous acts of police brutality. The Election Commission has agreed to introduce some of the recommendations made by a parliamentary committee after an earlier Bersih protest in July, but the coalition says those measures will not be enough.
KUALA LUMPUR, May 7 — Politics is dictating the future of Malaysia Inc, Singapore’s Business Times said today, suggesting that the nation’s economy may suffer at the hands of self-serving politicians anxious to win electoral support in order to stay in power. The business paper noted in its Malaysia Insight column today titled “What the unions have wrought” that with the end of the much-vaunted share swap deal between Malaysia Airlines and AirAsia, there was no more incentive for Asia’s bestselling budget airline to help resuscitate the ailing national carrier. It noted that AirAsia has said it would continue its collaboration with MAS and AirAsia X, its long-haul arm, in key areas such as “procurement, aircraft component repairs, training initiatives, technical and operational efficiencies, as well as championing common industry issues” that would help boost MAS’ performance. “Does anyone really believe this? Without anything to incentivise it — and the share swap did — why
would AirAsia go out of its way to help MAS?” the paper questioned. “Whichever way one slices it, it looks like only one conclusion: politics is dictating the future of Malaysia Inc. And that is scary,” it said. “But it was the unions that made up the government’s mind over fears that the share swap might result in massive job cuts,” it added. BT noted that the deal was scrapped following protests from the national airline’s powerful unions that put political pressure on the Barisan Nasional (BN) government which is expected to call a general election in the next few months. Most of MAS’s 20,000 employees are resident-voters in Selangor, a key state currently under Pakatan Rakyat (PR) government that Prime Minister Datuk Seri Najib Razak has openly stated he wants back. The paper asked: “With such losses, does MAS really need 20,000 employees?” “The unions should really think about what they have wrought. Without an airline, there will be no jobs,” it said.
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dailynews ON MONDAY OCTOBER 13, 2012
Half of Manila Underwater
Iran Hospitals Overwhelmed After Brutal Quakes (NEWSER) – With thousands injured as the death toll from Iran’s dual earthquakes nears 300, hospitals are reeling from the increased traffic. There are long lines outside as doctors work feverishly to cope with the injuries. “From last night until this afternoon when I left Shohada-ye Tabriz hospital, doctors were constantly performing operations,” said one physician. “Ordinary people were working alongside rescuers. They were bringing food and water to the hospital.” Meanwhile, thousands of refugees are staying in camps and parks as they weather the some 60 aftershocks that
have hit thus far, Reuters reports. Some 20 villages were completely destroyed, and 130 saw more than 70% damage, according to the Red Crescent. Officials say search and rescue operations are over; now they’re “working to provide shelter and food to the survivors.” But stories conflict as to how effective efforts have been. The Red Crescent says it has enough supplies, and an emergency official says 36,000 people have received emergency shelter. But “despite the promises of officials, little first aid has been distributed in the region and most people are left without tents,” said an MP.
TENS OF THOUSANDS EVACUATED AS RAIN COVERS PHILIPPINE CAPITAL
(AP) – Relentless rains submerged half of the sprawling Philippine capital, triggered a landslide that killed eight people, and sent emergency crews scrambling today to rescue and evacuate tens of thousands of residents. The deluge, the worst since 2009 when hundreds died in rampaging flash floods, was set off by the seasonal monsoon that overflowed major dams and rivers in Manila and surrounding provinces. In Manila’s suburban Quezon City, a landslide hit a row of shanties along a road, bury-
ing eight people, according to witnesses. The victims included four children. “It’s like a water world,” said the head of the government’s disaster response agency. He said the rains flooded 50% of metropolitan Manila last night, and about 30% remained under waist- or neckdeep waters today. Manila’s weather bureau said a separate tropical storm off eastern China had intensified monsoon rains in the Philippines, which were forecast to last until Thursday. The capital and other parts of the country already were saturated from last week’s Typhoon Saola, which was responsible for at least 53 deaths.
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Wall Street Scammer Ducks Prison by Working for CIA FELIX SATER TRACKED DOWN STINGER MISSILES ON THE BLACK MARKET
(NEWSER) – A Russian businessman charged with cheating investors on Wall Street struck a deal with the CIA: Reduce my punishment to nearly nothing, and I’ll help you buy missiles on Russia’s black market, the Miami Herald reports. Felix Sater apparently pulled off the plan, tracking down the Stinger missiles and paying a measly $25,000 fine— even though his victims lost $40 million. Now, investors fuming over alleged racketeering in another Sater deal—the Fort Lauderdale Trump Tower—are trying to reveal his past in a new lawsuit. A New York federal judge is expected to rule next month on whether to reveal Sater’s 1998 securities fraud charge, but says it could “significantly affect matters of national interest.” Yet the wheeler-dealer’s past has already emerged in a tell-all penned by another defendant in the Wall Street swindle, Salvatore Lauria. “We were hoping for a free ride or a get-out-of-jail-free card for our crimes on Wall Street,” Lauria wrote in The Scorpion and the Frog: High Crimes and High Times. Tracking down missiles was perfect, because “the CIA was worried the weapons would be sold to our enemies.”
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Hillary Spurns Russia’s Syria Plan: It Has ‘No Teeth’ CLINTON: US WILL JOIN ‘LIKE-MINDED STATES’ IF STANDOFF PERSISTS (NEWSER)
– Hillary Clinton heated up the diplomatic standoff over Syria today by saying Russia’s plan for the UN Security Council is “without teeth.” Russia’s proposal, approved in Geneva in June, demands a ceasefire and transition of political power in Syria—but President Bashar al-Assad will dismiss it if there are no consequences, Clinton said: “There is no point to passing a resolution with no teeth because we’ve seen time and time again that Assad will ignore it and keep attacking his own people.”
If Moscow and Washington continue to butt heads, she added, the US will “work with likeminded states to support a Syrian opposition” to topple Assad, and “help prepare Syria for a democratic future.” The pressure could hardly be rising faster: Syria’s latest battles left 160 dead as government air strikes blew a water main in Aleppo and Assad’s troops took over rebel areas near Damascus, the BBC reports. Last month, 5,000 people died and 100,000 people fled the ravaged nation.
Hollande: I’ll Turn Economy Around in 2 Years (NEWSER) – With the euro crisis dragging down the French economy to nearly zero growth and unemployment surging, newly elected president François Hollande said he was giving himself two years to turn around the country’s economy, reports the Wall Street Journal. Hollande, France’s first socialist president in 17 years, took to prime-time TV for the first time since being elected, in part to quell criticisms that he has been too passive in the face of the euro crisis. “I’m not going to do in four months what my predecessors haven’t done in five or 10 years,” said Hollande. “I am in combat mode.”
In an effort to reduce France’s deficit from 4.5% of GDP to 3%, Hollande’s new budget will include $12.8 billion in spending cuts, and $25.6 billion in new taxes—most controversially, a rise in the top marginal tax to 75% for people earning more than $1.28 million per year, well
above France’s current 41% maximum. Many business experts worry Hollande’s plans will lead to rich citizens fleeing the country, a concern that increased over the weekend when France’s richest man, Bernard Arnault, announced he was applying for dual-citizenship with Belgium.
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dailynews ON MONDAY OCTOBER 13, 2012
Low vitamin D coupled with obesity dramatically raises diabetes risk (NaturalNews) It is no surprise to most people that the current obesity epidemic is placing millions of unsuspecting individuals at grave risk of early death, in part by dramatically increasing the incidence of diabetes. Excess body weight damages metabolic balance, allowing wildly fluctuating blood glucose and insulin levels to inflict significant damage to most organ systems. Diabetes affects 25.6 million adults and is the seventh leading cause of death in the United States. Researchers from the Drexel University School of Public Health have published the result of a study in the journal Diabetes Care that demonstrates the combination of obesity and vitamin D deficiency may put people at even greater risk of insulin resistance than either factor alone. Lead study author, Dr. Shaum Kabadi explained “Vitamin D insufficiency and obesity are individual risk factors for insulin resistance and diabetes... our results suggest that the combination of these two factors increases the odds of insulin resistance to an even greater degree than would have been expected based on their individual contributions.” Learn more: http://www.naturalnews.com/036673_vitamin_D_obesity_diabetes_risk.html#ixzz263a0o500 To perform this study, researchers analyzed data on serum vitamin D levels and indicators of insulin resistance and diabetes from 5,806 respondents to a
Super human strength created by superfoods and herbs (NaturalNews) Imagine living life without (chronic) unwarranted fear and never having to experience degenerative disease. This is NOT just a silly idea - it’s reality for many people throughout the world. Epidemiological studies prove that the longest living (happy) people remain connected to the earth and thrive on whole, natural foods - filled with nutrients but low in calories. Experience the life of your dreams! Eating spirulina, chlorella, goji berries, chaga mushrooms and ashwagandha can balance blood sugars, boost the immune system and help detoxify unwanted poisons from the body. Don’t miss the next NaturalNews Talk Hour for one of the most informative and inspirational (nutritional) programs of the year! Learn more: http://www.naturalnews.com/036654_superfoods_ herbs_strength.html#ixzz263bPooTL
major national health survey, the National Health and Nutrition Examination Survey (NHANES). Based on the premise that vitamin D is stored in adipose fat tissue and more difficult for the body to access, the scientists wanted to determine if people who are already overweight are more likely to have low levels of serum vitamin D and increased risk of chronic disease. Numerous studies over the past decade have highlighted the critical importance of maintaining optimal levels of circulating vitamin D (50 to 70ng/mL using the 25(OH)D blood test). Vitamin D deficiency is associated with many chronic health conditions including diabetes, cardiovascular disease and stroke, depression and dementia. This study found that obese individuals with healthy levels of vitamin D had insulin resistance almost 20 times more often than the overall population. In obese individuals whose serum vitamin D was low, insulin resistance was nearly 32 times more common than the average. The authors indicated that further research is necessary to determine whether obesity itself causes a low vitamin D level or if it’s the other way around. They concluded “Within a cross-sectional, nationally rep-
resentative sample, abdominal obesity and insufficient 25(OH)D interact to synergistically influence the risk of insulin resistance.” Regardless of causality, health-minded individuals will want to supplement with an oil-based form of vitamin D3 (3000 to 5000 IU per day), and check blood levels regularly to lower the devastating risk of insulin resistance and diabetes. Learn more: http://www.naturalnews.com/036673_vitamin_D_obesity_diabetes_risk.html#ixzz263a8gSx2
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How to prevent migraines naturally (NaturalNews) Although many medications and strategies are touted for their ability to relieve migraines, few scientifically validated solutions are widely known for naturally preventing their occurrence. Research in a group of Nebraska employees suggests a multicomponent intervention based on trigger avoidance and lifestyle changes may help reduce the frequency and severity of migraines considerably. Participants completed the Migraine Disability Assessment questionnaire and received personalized coaching, with follow-up questionnaires over a 12-month period. By the end of the study, participants reported a 76 percent reduction in migraine frequency, a 31 percent reduction in severity, and a 66 percent reduction in perceived disability. Although the study involved the use of some preventative prescription medications, natural preventative supplements - such as magnesium capsules - have been shown to be effective at reducing the frequency of migraines. The study used a convenience sample instead of a randomized control trial design, but provides a helpful analysis of potential systematic treatment to reduce the impact of migraines on personal productivity and quality of life. Learn more: http://www.naturalnews.com/036793_migraines_natural_remedies_solutions.html#ixzz263eSTZRI
Use natural remedies to quit smoking (NaturalNews) Smoking is more than just a bad habit; it’s an addiction. Governments try to fight smoking by making policies to raise taxes and the price of cigarettes so fewer people can afford them. This might work for some, but for people who are truly addicted, real
help to break the addiction is needed. Herbs, natural chemicals and support groups can help people quit smoking naturally. Learn more: http://www.naturalnews.com/036620_natural_remedies_quit_smoking_ herbal.html#ixzz263fFEVb8
New UK data finds prescription drugs 62,000 times more likely to kill than supplements (NaturalNews) According to data just released by the UK-based Alliance for Natural Health International (ANH-Intl), pharmaceutical drugs are 62,000 times more likely to kill you than supplements. In fact, the data collected by ANH-Intl demonstrates that food supplements are the safest substances regularly consumed by UK citizens even though they are the target of increasingly restrictive European legislation aimed at ‘protecting consumers.’
The newly released data found that pharmaceutical drugs were also 7,750 times more likely to result in death than herbal remedies. Both food supplements and herbal remedies were placed in the ‘supersafe’ category of individual risk - with a less than one in ten million risk of death. Learn more: http://www.naturalnews.com/036804_prescription_ drugs_fatal_side_effects_supplements.html#ixzz263g2I9ZN
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dailynews ON MONDAY OCTOBER 13, 2012
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dailynews ON MONDAY OCTOBER 13, 2012
Adele take all the prizes Adele is rolling with Grammy hardware to spare. The singer made her post-surgery comeback by winning all six of her nominations at the 2012 Grammy Awards, topping the ceremony with Album of the Year for “21” and taking home both Song and Record of the Year for “Rolli n g in the Deep.” S h e teared up as she took t h e stage for the final award, crediting the album’s inspiration to a “rubbish relationship.” The first award of the broadcast, Best Pop Solo Performance, went to the Brit’s “Someone Like You,” the singer’s second win of the evening. “21” picked up Best Pop Vocal Album during the afternoon pretelecast portion of the awards, while her “Rolling in the Deep” producer Paul Epworth picked up Producer of the Year. “My life changed when I wrote this song, before anyone even heard it,” she said, looking into the crowd for “Someone Like You” co-writer Dan Wilson. “Since this is a vocal award, I want to thank my doctors,
they brought my voice back,” she added, showing no signs of the strain that caused her to undergo vocal cord surgery. If there were any lingering doubts about her recovery, Adele opened her performance of “Rolling in the Deep” a cappella, showcasing the instrument that made her “21” 2011’s bestselling album. She drew the night’s longest round of applause as the audience took its feet. BeyondAdele’s success, it was a night full of celebrations and tributes, with the sudden passing of Whitney Houston adding a sober note to the enthusiastic show. Bruce Springsteen opened the evening with a high-energy performance of “We Take Care of Our Own,” the politically charged new single from his upcoming album “Wrecking Ball”. The performance, aided by a string section, had Paul McCartney clapping along. And Bruno Mars, a six-time nominee, lit up the stage with a gold jacket and choreographed dance moves.
09 feature news
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dailynews ON MONDAY OCTOBER 13, 2012
3 Tricks to Get Cheap Car Insurance You cannot trick yourself out of getting car insurance. All states require that all drivers have at least the minimum prescribed car insurance coverage before they are allowed to drive any vehicle within the jurisdiction. What you can do, however, is to learn the tricks on how to save more money by getting cheap car insurance. Contrary to public perception, car insurance is not an expensive yet unnecessary product. People who have experienced the financial burden of figuring in an automobile accident would definitely not consider car insurance as unnecessary. Nor would they consider it expensive. Car insurance only becomes expensive when you pay for benefits that you do not actually need and for benefits that you cannot really collect on when you need them. The best cheap car insurance trick to learn is to understand what kind of insurance coverage you need and what kind of car insurance coverage you can afford. The second trick to getting cheap car insurance coverage is to scout around for the best rate. Luckily for you, this is made easier with the huge number of insurers who have found their way into the online marketplace. There are also third party providers who offer their services in procuring free quotes from different insurance companies and in comparing these quotes for their customers. By comparing each quote side-by-side, you would already find which insurance company has the lowest rate. Note, however, that you would also have to take into consideration the company’s track record and claims history. No matter how cheap the car insurance premiums offered are, they really serve no purpose if the owner is not able to deliver the kind of protection it promised. You want to make sure that the company where you are getting your car insurance protection from would be able to service your claim when you need it. Another trick to getting cheap car insurance is to read the fine print. You cannot simply go with what the car insurance agent offers you. Remember that when it comes to car insurance, every benefit has a cost. So, any benefit that might look good on paper would also most likely cost you a lot of money. If this is a benefit that you can do without, have your insurance agent take it out from your quotation and see how low your car insurance premium could go. If it is still on the high side then you might consider making adjustments to your deductible amounts. Higher deductible limits would bring your car insurance premiums down as compared to lower deductible limits where the car insurance company would have to take over almost the entire cost of damages in case of an accident.
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dailynews ON MONDAY OCTOBER 13, 2012
Wall Street at ‘Multi-Year’ Highs
The S&P 500 jumped 2.2% on the week, hitting its highest level since January 2008. The Nasdaq posted an even bigger gain, rallying 2.3% to the best mark since November 2000. On Thursday, market participants cheered a bond-buying plan crafted by the European Central Bank aimed at tackling the embattled eurozone’s debt crisis. Borrowing costs among countries such as Spain and Italy, which were seen as particularly vulnerable to the crisis, have pulled back sharply over the past two sessions. Indeed, the yield on Spain’s 10-year bonds fell below the 6% level for the first time since May. The yield fluctuated in the realm of 7.5% just a month ago. In corporate news, chip maker Intel (INTC: 24.19, -0.90, -3.61%) slashed its third-quarter revenue guidance to a range of $12.9 billion to $13.5 billion from $13.8 billion to $14.8 billion. Pandora (P: 10.47, -2.10, -16.71%) shares plunged 16.7% on a report from the Wall Street Journal that technology heavyweight Apple (AAPL: 680.44, +4.17, +0.62%) is working on a rival custom-radio service. Also, Smith & Wesson (SWHC: 10.07, +1.07, +11.89%) surged 18% after reporting quarterly results and more bullish guidance that blew Wall Street’s expectations out of the water. Elsewhere, crude oil futures ended higher after a choppy trading session. The benchmark contract traded in New York climbed 89 cents, or 0.93%, to $94.42 a barrel. Wholesale New York Harbor gasoline rose 0.96% to $3.02 a gallon. In metals, gold surged $34.90, or 2.1%, to $1,741. The precious metal is trading at its highest level since late February. Read more: http://www.foxbusiness.com/ markets/2012/09/07/stocks-tick-up-as-qe3hopes-counter-grim-data/#ixzz263zY2Pyr
Royal Bank of Scotland Implements Dutch Scheme
Clients will continue to deal, and conduct business, with their local RBS teams as at present. Dutch Scheme refers to the transfer of a substantial part of the business conducted by RBS N.V. in the Netherlands as well as in certain EMEA branches of RBS N.V., including the transfer of certain securities issued by RBS N.V., by way of a Dutch statutory demerger to RBS II B.V. followed by a cross-border merger of RBS II B.V. into RBS PLC. Shares closed Friday at 244 pence valuing the bank at 14.71 billion pounds.
India Calls for Bids From Bankers to Manage Share Sales for Nalco, NMDC
The Indian government -- in a sign of the urgency of its need to raise money to bridge a wide fiscal deficit -- has invited bids from bankers to manage proposed share sales in two top state-run mining companies, despite weak stock markets and warnings from within the government itself that valuations would be very low at this time. The disinvestment department’s move to look for merchant bankers for the sale of stakes in NationalAluminium Co. Ltd. (532234.BY) and NMDC Ltd. (526371.BY) is a key step toward starting the government’s share sale program for this fiscal year through March 2013. Earlier efforts have been hit by volatile market conditions and high valuations. For instance, a stake sale in state-run explorer ONGC Ltd. in March 2012 had to be rescued at the last moment with state-run companies picking up unsold shares. Market conditions haven’t improved much since then -- the Bombay Stock Exchange’s benchmark index is down about 7% so far this calendar year -but with a widening fiscal deficit, which was 5.75% of gross domestic product in the past fiscal year, the government is banking heavily on the stake sales. The Indian government intends to divest 12.15% of its stake in National Aluminium, or Nalco, for which it has asked bankers to submit bids by Sept. 27, a statement on the department of disinvestment’s website said Monday. The government’s current share holding in the country’s third-largest aluminum producer by volume is 87.15%. The share sale will be done through a stock exchange auction, with a maximum of three bankers handling the process. The disinvestment department is also looking to hire up to five bankers for the proposed share sale in NMDC, the country’s largest iron-ore producer by volume. The government intends to sell a 10% stake in the company, of which it now owns 90%. This sale will be through a stock exchange auction as well, the statement said, adding that the government is also considering allotting shares to the company’s employees at a discount of 5%. Bankers will have to submit bids by Sept. 28 for the NMDC deal. India is looking to raise more than $5 billion through the sale of stakes in several state-owned companies in the year through March 2013. The plan to move ahead and look for merchant bankers comes despite two Indian ministries recently citing the weak stock markets to ask the finance ministry to defer the sale of stakes in companies that they manage.
EU Banks Face Ringfence on Trading Assets
Europe’s big banks could be forced to ringfence trading assets under a consensus plan of the European Union-wide Liikanen review due to be completed next month, the Financial Times reported Sunday on its website, citing unnamed sources close to the project. Under the plan, any bank exceeding a threshold of trading assets as a proportion of total assets--which could be set as low as 5%--would have to set up a separately capitalized subsidiary for it. The Liikanen committee had made good headway toward a unanimous view at a meeting in Brussels last week, with at least seven of the 11 members thought to support the trading ringfence, the report quoted two sources as saying.
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dailynews ON MONDAY OCTOBER 13, 2012
Novak Djokovic’s Gluten-Free Success
A sad case
-LET THE GAME BEGIN
SPORTS
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(May 27, 2011) As tennis journalists and writers struggle to explain Novak Djokovic’s success this year, the Serb’s new-found gluten-free diet has recently factored into the conversation. It may seem odd to think that a professional athlete, particularly one of the best tennis players in the world and a Grand Slam champion, needs to go on a diet. Yet for the 24-year-old Serb, it was a necessary move. At the end of 2010, his nutritionist discovered he was allergic to gluten, a protein commonly found in wheat products such as bread and other wheat products. His nutritionist switched his diet, and the rest is history: he’s won 40 consecutive matches in 2011, seven titles, and he’s beaten top 10 competition 13 times. He’s also won 89 percent of his service games, 43 percent of his return games and half of his break point opportunities. To top it off, he could take the World No. 1 spot from Rafael Nadal if he makes the French Open final. So how has his new diet helped? People with a gluten allergy, also known as Celiac disease, who eat foods containing gluten experience an immune reaction in their small intestines, causing damage and an inability to absorb nutrients, according to the Mayo Clinic. That can translate into a number of symptoms, including fatigue, joint pain, abdominal bloating and pain, recurring diarrhea and other symptoms, according to the University of Chicago Celiac Disease Center. A gluten-free diet avoids foods such as candy, cake, bread, processed lunch meats, oats, sauces (including soy sauce), pastas and soups, according to the Mayo Clinic. However, rice, gluten-free flours such as corn, soy, or potato, cornmeal, tapioca and quinoa are fair game. Unprocessed meats, vegetables, fruits and dairy products are still allowed, as well. Aside from his great results, since Djokovic switched to this diet he said he’s feeling much better on court. “I have lost some weight but it’s only helped me because my movement is much sharper now and I feel great physically,” he said to the Daily Mirror inApril. He’s not the only one who is switching to a gluten-free diet. Sabine Lisicki, the 21-year-old German who had Vera Zvonareva on the ropes before she was thwarted by cramps, recently discovered that she is allergic to gluten as well. She seems to have not been able to adjust to her new diet, as she said pasta is one of her biggest sources of energy. “My body needs to adjust to the big change and needs some time. It’s good that we found out and it will only make life better in the long run!” Lisicki wrote on her website. A gluten-free diet isn’t just for people with Celiac disease, but the Mayo Clinic warns that if you’re going to try it, you should consider how the absence of enriched breads will limit your vitamin intake. You could miss out on essentials such as iron, calcium, fiber, or niacin, and you should consult a nutritionist to make sure you’re getting enough of what you need. But if you want to give it a shot, you can look here for a database of gluten-free recipes.
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TODAY NEWS
dailynews ON MONDAY OCTOBER 13, 2012
Rooney: I never fell out with Ronaldo
Wayne Rooney has insisted he did not fall out with Cristiano Ronaldo over the winger’s part in his sending off in the 2006 World Cup. G e t t y I m a g e s Cristiano Ronaldo and Wayne Rooney: No fall-out Rooney, 26, was shown a red card for stamping on Portugal’s Ricardo Carvalho before the Portuguese eliminated Sven-Goran Eriksson’s side on penalties. But Ronaldo’s attempt to get his Manchester United team-mate dismissed - and his subsequent wink to the dugout - made him unpopular in England. England striker Rooney said he warned Ronaldo, then a Manchester United colleague, immediately after the game that he could expect to be demonised. He said the incident had amused the pair’s club colleagues, who brought a pair of boxing gloves to the first day of training. Rooney continues to insist his collision with Carvalho was not deliberate. “It looked bad, but actually it was a total accident,” he said in My Decade In The Premier League, which is being serialised in the Daily Mirror. “As I protested my innocence, Ronnie started waving an imaginary card around, getting in the ref’s face. The official pulled out the red and I was off. I knew I couldn’t really blame Ronaldo for what had happened because he was trying to win the game for his country. “Besides, in the first half I’d tried to get him booked for diving, so I was as bad as him really. But moments after my card, Ronaldo started winking at the sidelines, and to people watching the game on the telly it looked bad, like he was dead pleased about it. “All hell broke loose. Everyone immediately decided that Ronaldo and I were the best of enemies, and his wink would spell trouble for United in the coming months.” At the time, it was reported that Ronaldo would join Real Madrid. Instead, he and Rooney remained teammates at United for another three years, winning three Premier League titles and the 2008 Champions League
Sturridge and Walcott miss training Daniel Sturridge and Theo Walcott failed to attend England’s training session on Monday morning due to illness, just one day before the World Cup qualifier against Ukraine at We m b l e y. Despite the pair training on Sunday, they both complained that they had felt unwell overnight, leaving Roy Hodgson with just 18
players at Arsenal’s London Colney training complex. It follows a frustrating period for Hodgson in which a range of players have had to withdraw from the squad due to injury, with John Terry the most recent. A further update on the duo’s condition will be given when Hodgson stages his prematch press conference on Monday afternoon.
Gago: Argentina rely too much on Messi Fernando Gago has warned his Argentina team-mates they will need to do more than “pass the ball only” to Lionel Messi ahead of their World Cup qualifier in Peru on Tuesday. G e t t y I m a g e s Lionel Messi has scored 28 goals in 72 appearances for Argentina Gago admits Argentina rely too heavily on Messi, which has lead to some belowpar performances from the Albiceleste. The Valencia midfielder insists Argentina have begun working on a new style of play to move away from focussing too much on the Barcelona forward. “Having Lionel is a bonus, but Argentina cannot play the ball only to Messi,” Gago told Clarin. “We are building a style of play from several sides now.” Argentina claimed a 3-1 win over Paraguay last Friday to keep them top of the South American qualification standings.
But Gago says the team must carry on their current form if they are to reach the finals in Brazil. “We are comfortable and we are getting results, but we cannot think beyond Peru, then Uruguay,” said Gago. “The qualifiers are difficult, and our first hope is to reach the 2014 World Cup with a ticket in our hands, then we will see.”