Monday, December 17, 2012

DLF expects 20% growth in office rental income | Firstpost

?New Delhi: Real estate major DLF today said it expects 20 percent annual growth in office rental income that would touch Rs 2,500 crore by 2014-15 fiscal with likely appreciation in rent value and new leasing.

DLF earned an office rental income of about Rs 1,500 crore in 2011-12 fiscal. It currently has Grade ?A? office leasing portfolio of 27 million sq ft, of which 15 million sq ft is in Gurgaon and rest is in the National Capital, Chennai, Hyderabad, Kolkata, Pune and Chandigarh.

DLF has developed 128 acre integrated business district like DLF Cybercity in Gurgaon. Reuters

?Our office leasing business is growing by 20 percent year-on-year. We expect that our rental income will reach Rs 2,500 crore by the end of 2014-15 fiscal,? DLF National Director (Office Business) Amit Grover told PTI.

The growth would come from expected rise in rental value and increase in size of office leasing portfolio to 33 million sq ft over the next three years from the current 27 million sq ft, he added.

The country?s largest realty firm has a debt of Rs 21,200 crore and the company has recently said that it targeting to reduce it to Rs 18,000 crore by the end of this fiscal from sale of two big non-core businesses ?luxury hospitality chain Amanresorts and wind energy.

Going forward, the company has plans to cut debt to below Rs 15,000 crore level so that the finance cost gets covered by its rental income. Elaborating more on the office leasing business, Grover noted that rents of DLF office space has increased despite slowdown in commercial real estate business. He cited example of Gurgaon where the rentals of its office spaces have risen by 15 percent in the last one year.

?We provide Grade ?A? office space with value-added services like safety and infrastructure. Therefore, we have an advantage,? he explained. DLF has been adding about 2 million sq ft of office stock every year. It expects that demand for its office space would largely come from MNCs and big domestic companies.

?There is growth coming from large sets of existing corporate clients, which are roughly 750 in number and include Accenture, IBM, Google, Cognizant, TCS, Barclays, Citi and GE,? Grover said, adding that the company is adding to this client list with the growth in outsourcing business.

DLF has developed 128 acre integrated business district like DLF Cybercity in Gurgaon. The company is putting lot of focus on developing infrastructure in Gurgaon, which is a key market for the company. ?We are developing 16-lane toll free road, multi-level car parking, fire station and captive power plant in Gurgaon,? Grover said.

PTI

Source: http://www.firstpost.com/business/dlf-expects-20-growth-in-office-rental-income-559058.html

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Sunday, December 16, 2012

Merkel rips German opposition for blocking tax cuts

BERLIN (Reuters) - Chancellor Angela Merkel criticized the centre-left opposition for blocking her government's efforts to cut income taxes by 6 billion euros, telling a German newspaper those parties will have to explain that to voters in next year's election.

Merkel, seeking a third term in September, also found fault with Social Democrats (SPD) and Greens in a newspaper interview for thwarting a deal with Switzerland to tax assets stashed by Germans in Swiss banks although without revealing their names.

Taking a rare swipe at the opposition whose support she has needed to get parliamentary approval for a number of euro zone rescue measures, Merkel told the Braunschweiger Zeitung it was hard to fathom that the SPD and Greens had rejected tax cuts that would have benefited middle- and lower-income wage earners.

"It's just not fair and it's actually incomprehensible," Merkel said, according to an excerpt released ahead of publication on Monday. She added that the SPD and Greens would have to explain the veto of tax cuts to the voters.

Merkel's centre-right coalition suffered a defeat late on Wednesday when centre-left lawmakers in a mediation committee stopped a plan to cut income taxes by 6 billion euros - seen by analysts as an election-year gift to voters.

The SPD and Greens, flexing their muscles before next year's election, first used their veto powers in the Bundesrat, the upper house of parliament, to block the plan. Then a mediation committee made up of members of both the lower house, or Bundestag, and upper house also rejected the tax cuts.

The SPD and Greens argued there was no scope for tax cuts, especially because they would reduce revenues to states and towns. They said they would have backed tax cuts for ordinary earners if the coalition had raised taxes on higher incomes.

MERKEL REGRETS SWISS DEAL DEFEATED

Merkel's governing coalition also saw a tax deal with Switzerland blocked by the mediation committee. It would have required Swiss banks to levy a punitive charge on an estimated 150 billion Swiss francs ($160 billion) in undeclared funds tucked away by Germans in Swiss accounts.

She said she was convinced the defeated deal would have been "a good solution for Germany". Merkel said the current practice, where some German states pay for stolen bank data to prosecute German tax dodgers, was not the best way to resolve the problem.

"The random purchase of tax CDs is no substitute for treating and taxing all German-held assets invested in Switzerland the same way as if they were invested on German territory," she said.

Merkel added that the tax accord would have brought in tax revenues of "nearly 2 billion euros and probably a lot more". Most of that money would have gone to the states, she added.

The SPD and Greens, keen to make taxing the rich an election issue, argued the deal would have let tax evaders off the hook.

With the income tax cut, Merkel's conservatives and their Free Democrat (FDP) partners hoped to fulfil a 2009 election campaign promise to cut taxes.

They were trying to level out the effects of "cold progression", also known as "bracket creep". These terms describe what happens when tax thresholds are not adjusted for inflation. Workers getting pay rises sometimes see net pay actually fall because they have entered a higher tax bracket.

Thanks to the "bracket creep" in the tax code, Germany's treasury takes in three billion euros in extra revenues each year.

(Reporting By Erik Kirschbaum; Editing by Mark Heinrich)

Source: http://news.yahoo.com/merkel-rips-german-opposition-blocking-tax-cuts-115632957.html

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Wow: Waiting for the Apocalypse (talking-points-memo)

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Gunman killed, 3 wounded in hospital shooting

By NBC News staff and news services

A gunman shot and wounded a police officer and two employees at a Birmingham, Ala., hospital early Saturday before being shot to death by another officer, authorities said.

The shooting happened shortly after 4 a.m. on the fifth floor of at St. Vincent?s Hospital, WVTM-TV?and al.com ?reported.


Two officers responding to a report of an armed man inside the facility entered the floor from different locations.

"When the officer encountered the suspect, there was immediate gunfire from the suspect," Birmingham Police Sgt. Johnny Williams said, according to The Associated Press.

One officer and two hospital workers were wounded.?

A second officer shot and killed the suspect.

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The injuries to the officer and employees were not life-threatening, Williams said, according to al.com.

Detectives were trying to determine why the armed man was in the hospital. Authorities did not immediately release the names of the suspect or the victims.

The Associated Press contributed to this report.

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Source: http://usnews.nbcnews.com/_news/2012/12/15/15931758-gunman-killed-police-officer-and-2-others-wounded-in-shootout-at-alabama-hospital?lite

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Thursday, December 13, 2012

High short-term risk of attempted suicide in teenagers following parents' suicide attempt

Dec. 12, 2012 ? The risk that young people attempt to commit suicide is highest within two years after a parent has received inpatient care due to a mental disorder or suicide attempt, according to a study of over 15,000 teenagers and young adults. The risk is much higher for teenagers than for young adults.

This is reported by a collaborative study between Karolinska Institutet in Sweden and Copenhagen University in Denmark, which is published in the online journal PLOS ONE.

Although the incidence of suicide has decreased in Sweden in recent years, there has been a sharp increase in the number of attempted suicides by young adults in Sweden and other European countries. It has long been known that mental illness and suicidal behaviour in parents is a risk factor for attempted suicide in their children.

The present study looked at the temporal relationship between the inpatient care due to mental disorders and suicide attempt, suicide and death in parents and the risk of attempted suicide in their children with respect to the children's age at the time of the attempted suicide, knowledge of which has hitherto been limited. The study found that young people ran the highest risk of attempted suicide relatively soon (within two years) after a parent, particularly the mother, had done the same. Daughters in particular also ran a high risk of attempted suicide relatively soon after the mother's admission to a psychiatric hospital. The risk of attempted suicide related to such a parental event was greatest amongst teenagers of both sexes, and then declined with age.

The study included a total of 15,193 teenagers and young adults born between 1973 and 1983 who tried to take their own lives between the ages of 15 and 31. These people were compared with peers of the same sex and born in the same area who had not tried to commit suicide.

"We show that young people, particularly teenagers, need support during a period immediately following the admission of a parent into care for mental disorders or suicidal behaviour if their own attempted suicide is to be prevented," says principal investigator Dr Ellenor Mittendorfer-Rutz, researcher at Karolinska Institutet's Department of Clinical Neuroscience. "What's required, therefore, is effective cooperation between all actors, particularly the adult and child-and adolescent psychiatric services."

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The above story is reprinted from materials provided by Karolinska Institutet.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Ellenor Mittendorfer-Rutz, Finn Rasmussen, Theis Lange. A Life-Course Study on Effects of Parental Markers of Morbidity and Mortality on Offspring?s Suicide Attempt. PLoS ONE, 2012; 7 (12): e51585 DOI: 10.1371/journal.pone.0051585

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/mind_brain/child_development/~3/aieTrafDWjE/121212205615.htm

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First cheesemakers date back 7,500 years

The first direct signs of cheesemaking now seen in potsherds from Poland may help reveal how animal milk dramatically shaped the genetics of Europe, scientists reported Wednesday.

Although cheese may just seem to be a topping on pizza or a companion to wine, it may have shaped the evolution of Europeans, researchers say. Cheese evolved after the development of dairy farming, which helped people take advantage of animal milk, a highly nutritious food one can sustainably procure.

Most of the world, including the ancestors of modern Europeans, is lactose intolerant, unable to digest the milk sugar lactose as adults. However, while cheese is a dairy product, it is relatively low in lactose.

"The transformation of milk to a more tolerable product such as cheese for lactose-intolerant people may have helped promote the development of dairying among the first farmers of Europe," researcher Peter Bogucki, an archaeologist at Princeton University, told LiveScience.

In turn, the presence of dairying over many generations may have helped set the stage "for a biological change in Europeans, the evolution about 7,500 years ago in Europe of lactase persistence ? that is, keeping the enzyme lactase, which breaks down lactose, well into adulthood," researcher Richard Evershed, a chemist at the University of Bristol in England, told LiveScience. "This changed Western digestive capabilities." [ The 7 Perfect Survival Foods ]

History of cheese
The researchers shed light on the origins of dairying by analyzing locales in central Europe once home to the Linear Pottery, or LBK culture, the first known farmers of Europe back in the Neolithic, or New Stone Age.

Bogucki and his colleagues have worked in this region for more than 35 years, at archaeological sites originally uncovered in the 1930s by farmers digging for gravel.

"In the course of excavating these sites, we occasionally came across fragments of pottery with small holes in them," Bogucki recalled. "We realized these were sieves. There weren't many of them, but still a few at just about every site.

"A couple of years later, I was with my wife visiting a friend in Vermont, and I saw these 19th-century agricultural implements, including ceramics that were perforated much like the ones in Poland," Bogucki said. "These were used for cheese manufacturing."

Cheese is made by taking curds of milk and pressing them in cheese strainers, which squeezes out lactose-rich whey, leaving protein- and fat-rich cheese. "It was one of those moments when a light bulb goes off in your head," Bogucki said. "Now it's a long jump from 19th-century Vermont to Neolithic Poland, but we had all this other suggestive evidence of dairying at the sites as well, such as huge amounts of cattle bones."

While those bones may be signs of the people's use of cattle for meat, Bogucki doesn't think that was their main goal, since the farmers lived in a forested region that would've precluded massive cattle ranches. "Cattle takes 42 months to reach maximum meat weight, and cows give birth singly, or rarely in pairs. If all you want is meat, it makes the most sense to do so if you can ranch cattle on a massive scale, such as the plains of the U.S. or Argentina," Bogucki said. [ 10 Mysteries of the First Humans ]

Still, these sieves could have conceivably been used to strain anything, such as meat from stock or honeycombs from honey. To see if these ancient hole-laden ceramics were once cheese strainers, Bogucki and his colleagues provided Evershed and his collaborators 50 samples from 34 of these vessels collected over decades from Kuyavia, Poland, dating back 7,500 years. Researcher Melanie Salque at the University of Bristol and her teammates ground up these unglazed potsherds. Chemical analysis of the powder revealing abundant levels of milk-fat residues, suggesting they were used for cheese.

"There isn't a molecule specific to cheese, but when we thought about what other dairy products might require straining, there aren't any other than cheese," Evershed said.

Analyses of other, non-hole-laden pottery at these sites suggested they were not used for processing milk. The presence of carcass fats in cooking pots without holes revealed they were likely used to cook meat, while the presence of beeswax in bottles hinted they might have been waterproofed to store water or other liquids.

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    4. First cheesemakers date back 7,500 years

Evidence of cheese
Past research had detected milk residues in other sites in northwestern Anatolia about 8,000 years ago and in Libya nearly 7,000 years ago. Still, it was impossible to detect if the milk there was made into cheese.

"The presence of milk residues in sieves, which look like modern cheese-strainers, constitutes the earliest direct evidence for cheese-making," Salque said.

The researchers are uncertain what these ancient cheeses might have tasted like. Still, "these would have been soft cheeses. We don't know if they would've been a Cheddar, Brie or Emmental," Evershed said. "Soft cheese is very easy to make. You just boil some milk up, put in some lemon juice or vinegar, precipitate the curds and filter it."

The investigators suggest there could also have been cheese-making at earlier times. "They might have used textiles or baskets as cheese strainers," Evershed said. "It's just that those materials don't survive very well in the archaeological record."

The researchers plan to continue to investigate the origins of milking. "This is very closely related to all sorts of other big scientific questions, such as how the interaction of man with animals developed," Evershed said.

The scientists detailed their findings online Wednesday in the journal Nature.

? 2012 LiveScience.com. All rights reserved.

Source: http://www.msnbc.msn.com/id/50177947/ns/technology_and_science-science/

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Senate intern, a sex offender, faces deportation

WASHINGTON (AP) ? Sen. Robert Menendez employed as an unpaid intern in his Senate office an illegal immigrant who was a registered sex offender, now under arrest by immigration authorities, The Associated Press has learned. The Homeland Security Department instructed federal agents not to arrest him until after Election Day, a U.S. official involved in the case told the AP.

A Homeland Security spokesman, Peter Boogaard, said Wednesday that it was "categorically false" that the department delayed the arrest of Luis Abrahan Sanchez Zavaleta, 18, until after the election.

Sanchez, an immigrant from Peru, was arrested by Immigration and Customs Enforcement agents in front of his home in New Jersey on Dec. 6, two federal officials said. Sanchez, who entered the country on a now-expired visitor visa from Peru, is facing deportation and remains in custody. The officials spoke on condition of anonymity because they were not authorized to discuss details of Sanchez's immigration case.

Boogaard said in a statement that ICE followed standard procedures working with local prosecutors before taking what he described as appropriate enforcement action.

Menendez, D-N.J., who advocates aggressively for pro-immigration policies, was re-elected in November with 58 percent of the vote. He said his staff was notified about the case Monday, he personally learned about the case from AP's reporting and knew nothing about whether DHS delayed the arrest. The senator said his staff asks interns whether they are in the country legally but cannot check to be sure.

"We certainly wouldn't have known through any background checks since he is a minor about any sex offender status," Menendez said in an interview Wednesday with MSNBC. "Once it came to our attention, our New Jersey staff director let the young man go."

Online jail records did not indicate whether Sanchez has an attorney. Sanchez declined to be interviewed from jail.

The prosecutor's office in Hudson County, N.J., said Sanchez was found to have violated the law in 2010 and subsequently required to register as a sex offender. The exact charge was unclear because Sanchez was prosecuted as a juvenile and those court records are not publicly accessible. The prosecutor's office confirmed to AP that Sanchez registered as a sex offender, although his name does not appear on the public registry. The acting county prosecutor, Gaetano Gregory, is a Republican.

Authorities in Hudson County notified ICE agents in early October that they suspected Sanchez was an illegal immigrant who was a registered sex offender and who may be eligible to be deported. ICE agents in New Jersey notified superiors at the Homeland Security Department because they considered it a potentially high profile arrest, and DHS instructed them not to arrest Sanchez until after the November election, one U.S. official told the AP. ICE officials complained that the delay was inappropriate, but DHS directed them several times not to act, the official said.

It was not immediately clear why federal immigration authorities would not have been notified sooner about Sanchez's status.

During discussions about when and where to arrest Sanchez, the U.S. reviewed Sanchez's application for permission to stay in the country as part of President Barack Obama's policy to allow up to 1.7 million young illegal immigrants avoid deportation and get permission to work for up to two years. As a sex offender, he would not have been eligible. Citizenship and Immigration Services, which oversees the program known as Deferred Action for Childhood Arrivals, notified Sanchez of that shortly before his arrest, one official said.

Menendez said the arrest spoke to the need for comprehensive immigration reform that brings illegal immigrants out of the shadows.

"It does speak volumes about why we need comprehensive immigration reform," the senator said. "I can't know who is here to pursue the American dream versus who is here to do it damage if I cannot get people to come forth out of the shadows, go through criminal background checks and then determine who is here to pursue the dream and make sure that those who are here and have criminal backgrounds ultimately get deported."

During the final weeks of President George W. Bush's administration, ICE was criticized for delaying the arrest of President Barack Obama's aunt, who had ignored an immigration judge's order to leave the country several years earlier after her asylum claim was denied. She subsequently won the right to stay in the United States after an earlier deportation order, and there was no evidence of involvement by the White House.

In that case, the Homeland Security Department had imposed an unusual directive days before the 2008 election requiring high-level approval before federal agents nationwide could arrest fugitive immigrants including Zeituni Onyango, the half-sister of Obama's late father. The directive from ICE expressed concerns about "negative media or congressional interest," according to a copy of that directive obtained by AP. The department lifted the immigration order weeks later.

___

Follow Alicia A. Caldwell on Twitter at www.twitter.com/acaldwellap

Source: http://news.yahoo.com/senate-intern-sex-offender-faces-deportation-202959686--election.html

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