Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/255284398?client_source=feed&format=rss
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Sunday, October 14, 2012
Criminal Law Help
We hear about regulation each day no matter if we understand it or otherwise. It really is in your Federal, in your function, as well as in our residences. One type of legislation is Felony regulation, and this is known as Penal legislation. This is ?The entire body of legal and common law that are responsible for crhyme and also the legal treatment of prison criminal acts. ?
Interior of felony legislations you can find 4 key concepts of legal rights:
? Physical punishment
? Prevention
? Incapacitation
? Rehabilitation
This manner of law is essential most of the time because it can distinguis concerning crhymes from civil wrongs. Lawbreaker law has existed for ages, and is also because principle method of regulating the tendencies of folks and communities relatively to what?s understood to be the interpersonal norms. This differs involving civil crhymes, where the distinction is in between two folks as well as their man or women legal rights and responsibilities beneath the legislations and that is taking over the entire culture.
One particular civil regulation instance is a challenge concerning two people today spanning a deal that they manufactured to for example promote a car. In this case one person can feel the specific legal rights to get a honest auto profit happen to be breached because of the other occasion. When in a very legal event, you?d probably have say for example a murderer, who?s going to be infringing on the correct of safe practices that you have. Given these two instances I think you are able to recognize how crucial Criminal law is, as well as important role that this represents in all our organisations.
Chapter 1: Part 5-1: The Nuts and Bolts of Criminal Law
Source: http://deckerlawgroup.com/974/
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Saturday, October 13, 2012
Yemen: "terrorists" killed US embassy worker
SANAA, Yemen (AP) ? Yemeni President Abed Rabbo Mansour Hadi says "terrorists" were behind the assassination of a security official for the U.S. Embassy in Sanaa.
Hadi, according to Yemeni official TV, sent condolences to the family of Qassem Aqlani, who was killed in drive-by shooting by a masked militant on a motorcycle near his house on Thursday.
The killing, the latest episode in an assassination campaign aimed at top military and security officials, raised concerns the country's al-Qaida offshoot is getting bolder after suffering defeats this year in a U.S.-Yemeni military offensive.
Washington considers Yemen's al-Qaida in the Arabian Peninsula as the world's most dangerous branch of the terror network. In addition to drone strikes, the U.S. is supporting the government's fight against al-Qaida by providing help with logistics and military advisers.
Source: http://news.yahoo.com/yemen-terrorists-killed-us-embassy-worker-203749331.html
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Dell XPS 12 Windows 8 convertible priced at $1,199 and up, ships this month with pre-orders starting today
Well, that's a form factor you don't see that often. Of all the Windows 8 PCs we've seen so far, the Dell XPS 12 is tough to forget, if only because it's the only one whose screen flips inside the hinge like an easel. We already got hands-on at IFA last month, but now we're learning some key details -- you know, like pricing and availability. Dell just announced that it will go up for pre-order today, starting at $1,199. (It will ship October 26th, the day Windows 8 launches.) That's a princely sum indeed compared to some of the other Windows 8 ultraportables we've seen, but it's important to remember that this runs not on an Atom processor, but an Ultrabook-grade CPU. And while you might assume that 12.5-inch display makes do with 1,366 x 768 resolution, it's actually a dense 1080p panel. Hopefully we'll get to review a final unit soon, but in the meantime feast yourself on a fresh round of hands-on shots below.
Dell XPS 12 Windows 8 convertible priced at $1,199 and up, ships this month with pre-orders starting today originally appeared on Engadget on Fri, 12 Oct 2012 09:00:00 EDT. Please see our terms for use of feeds.
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Western intelligence sees 'small signs of wavering' - World News ...
By Keir Simmons, NBC News
LONDON -- Western intelligence has begun to detect tension within the Iranian regime over the country?s nuclear program, officials told NBC News on Friday.
Even so, the European Union on Friday provisionally approved substantial new economic sanctions against Tehran.
The new sanctions will have to be formally approved on Monday at an EU foreign ministers' meeting in Luxembourg before coming into effect.
The sanctions, aimed at trying to change policy in Tehran, will target areas such as shipping, banking and trade in parts that could be used to build a nuclear weapon. Measures already in place include an oil embargo that is causing serious economic woes and leading to protests on the streets.
Tehran denies its nuclear work has any military intentions and says it wants nuclear power for electricity supplies and medical needs.
Despite stalled talks between Iran and a six-country alliance of Western powers, including the United States, a Western diplomatic source said contact with Iranian officials has been sustained consistently, including during the months since the summer.
Western official: 'Tension within the Iranian regime'
The official told NBC News there are some signs of ?tension within the Iranian regime? over the issue.
"We?ve picked up some small signs of wavering on the nuclear policy," the official, who did not want to be named, said. "But I don?t want to exaggerate it."
He added that so far there is ?no sign Iran is prepared to move? making renewed sanctions necessary.
Any change in policy from either side is only likely to emerge after the U.S. presidential election: If Iran is prepared to negotiate, it will want to know whether it is talking to an Obama administration or a Romney administration.
The United States has so far led the way on sanctions against Iran.
Even so, in Thursday?s vice presidential debate, Republican candidate Mitt Romney?s running mate, Paul Ryan, accused the Obama administration of not doing enough. Ryan warned that Iran is ?moving faster toward a nuclear weapon.?
Complete Middle East & North African coverage on NBCNews.com
He warned that if Iran is able to attain nuclear weapons it could ?trigger a nuclear arms race in the Middle East.?
In this assertion, Ryan appeared closer to Israeli Prime Minister Benjamin Netanyahu, who dramatically told the United Nations in September that Israel was drawing a ?red line? for Iran?s nuclear program and claimed the country could be on the brink of a nuclear weapon in less than a year.
In an attempt to convey what he sees as a threat to Israel's existence, Israel's Prime Minister Benjamin Netanyahu used a cartoon to illustrate how close he says Iran is to developing a nuclear weapon. In a speech at the United Nations General Assembly he asked the world to help stop them. NBC's Andrea Mitchell reports.
With Iran issue simmering, Israeli Prime Minister Netanyahu calls early elections
EU steps up pressure
On Friday, the Western official said the chief purpose of the sanctions is to ?slow down Iran?s nuclear program? and that the aim is not to target the Iranian people.
The trade and finance measures mark a major step-up of European pressure on Tehran, amid growing concerns over its nuclear program, foundering diplomacy and threats of attack on Iranian installations by Israel.
The EU is also targeting Iran's shipping industry, in an effort to curb Tehran's ability to sell oil to obtain funds and hard currency. It banned imports of Iranian oil earlier this year.
Complete World coverage on NBCNews.com
New measures will ban European companies from providing shipbuilding technology and oil storage capabilities, as well as flagging and classification services to Iranian tankers.
At schools, in shops, and on the streets of big cities and small towns, daily life plays out in Iran.
But some worry that whatever the intent, the effect is a dramatic cut in living standards for ordinary Iranians that may inflame anger against the West and fuel Iranian defiance.
In a speech broadcast on state television on Wednesday, Iran's supreme leader Ayatollah Ali Khamenei labeled the sanctions "barbaric."
Reuters contributed to this report.
More world stories from NBC News:
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Friday, October 12, 2012
Purple Fountain Courtyard Inn, Puerto Princesa, Palawan
12 Oct 2012
in Palawan Tags: accommodations, Palawan, Puerto Princesa, Purple Fountain Courtyard Inn, travel
On our way back to Manila from El Nido, the option of flying out straight of El Nido to Manila was unavailable, due to the fact that the Lio airport was in the middle of renovating, expanding, and basically building a concrete runway, and operations were suspended for the time being. Lia and I had to take the RORO bus from El Nido to Puerto Princesa ? a trip that was supposed to last 6 ?hours, but became 10 hours because we we?re stuck somewhere in the middle of Taytay and Roxas for 4 hours because of some problems with the engine and the brakes, so on and so forth. We left El Nido at ten in the evening and arrived in Puerto Princesa at some time past 8 in the morning. By then, I was already nearing the end of my patience with the trip because Lia had already woken up and was starting to feel the toll of such a long trip and kept on saying, ?Mama, I?m dizzy. My head is ouchy? hold me? stroke my head?,? looking very pale. I could see she was fighting the urge to throw up.
I chose Purple Fountain Courtyard Inn upon the recommendation of my friend Andy, who had stayed there a few weeks before, saying that I would like it because its new and quite nice. I primarily chose it because they provided free pick up from the bus terminal, as well as free transport to the airport. With my 4 bags, 38-kg baggage, 14-kg carry-on, and 16-kg toddler, I really needed that. I was eyeing the Hibiscus Garden Inn as a place to stay for the night because my students? family owned it but I could not get in touch with them at first.
Purple Fountain Courtyard Inn in Puerto Princesa is owned by the same family that owns the Marina Garden Inn in El Nido. I liked the fact that they responded very well to customer inquiries, called back for updates promptly, and texted back right away when messaged on the phone. I must say that they have very good customer service.
It was rainy in Palawan that entire week so we didn?t get to see the sun at all. From the street, the inn could easily be missed.
They were still in the middle of construction for the front building, which might be either a restaurant or more rooms.
The Toyota Avanza that was used to pick us up from the bus terminal brought us into the driveway and straight at the doorstep of the reception area.
At the lobby are travel magazines, and an album filled with beautiful photos of El Nido, just in case guests wanted to go to El Nido and continue their trip of Palawan there. I loved those photos ? El Nido through ultra wide angle lenses on a clear, sunny day.
We were booked for only one night as we had the flight for Manila for the next morning. At the reception area, we paid for P1,590 for our room with the porch, and breakfast for two; then we were led to our room right in front of the purple fountain in the middle of the courtyard.
Even though the inn did not look very nice from the outside, Lia immediately took a liking to the colors of the inn. She especially loved the purple fountain. She played in the ?garden the entire morning after our arrival.
As for me, I was quite taken with our room. After an exhausting bus trip, I found the room extremely comfortable, and found it hard to leave the room the entire morning. If we hadn?t been picked up by our friends Rose and Del, owners of Makulay Lodge and Villas in El Nido, now based in Puerto Princesa, for lunch at a hole-in-the-wall authentic Italian eatery, we would?ve stayed all day inside.
Lia loved the single bed. She exclaimed, ?Oh! It?s my bed!? And since it was right by a window, ?Oh, my own window!? Though she only liked playing there and slept on the big bed with me that evening still.
That evening, they asked us what we wanted for breakfast the next day and what time we wanted our breakfast served. I asked them if they could serve it at six, and the next morning, our breakfast was served on the table at the porch. I had a really good morning because of that.
I loved this inn. I would recommend it to anyone who is planning to stay in Puerto Princesa. Lovely colors, beautiful design, excellent furniture, cozy; very comfortable, quiet and private. Guarded and with excellent service.
***
Special Introductory rates until Feb 2013:
Standard room: Php1,490 with breakfast for 2pax
Standard room with porch: Php1,590 with breakfast for 2pax
Standard rooms have 1 double bed, 1 single bed, 1 single sofa bed and is good for a maximum of 4pax. Standard rooms are also air-conditioned, with ceiling fan and emergency lights, LCD TV, Wi-Fi internet, hot & cold shower, electronic safe
Family Suite: Php1,950 with breakfast for 2pax
The Family Suite has 1 double bed, 2 single beds, 1 single sofa bed?and is good for maximum of 5pax. In addition to air-conditioning, ceiling fan, emergency lights, LCD TV, Wi-Fi internet, hot & cold shower, electronic safe, the suite has a refrigerator and ceiling fan.
All guests have complimentary roundtrip transfers.
***
PURPLE FOUNTAIN COURTYARD INN
296 Manalo Extension
Puerto Princesa City
Palawan 5300, Philippines
Mobile 1: +63 917 537 2772
Mobile 2: +63 999 882 5800
Telephone: +63-48-434-2430
E-mail: purplefountaininn@gmail.com
OFFICIAL WEBSITE: http://purplefountain.weebly.com
On Facebook: http://www.facebook.com/PurpleFountain
On Trip Advisor:?http://www.tripadvisor.com/Hotel_Review-g294257-d3167271-Reviews-Purple_Fountain_Courtyard_Inn-Puerto_Princesa_Palawan_Mimaropa.html
Used Cars Still Expensive, But Prices are Falling - KickingTires
A sustained rise in new-car sales has boosted the supply of late-model used cars, and now ADESA Analytical Services reports the average wholesale price ? what the dealer pays for a used car at auction ? hit $9,550 in September, 2.1% below year-ago levels.
It's the latest bit of good news for used-car shoppers, and it caps price drops in the 4% range all summer, ADESA said. September's drop represents less relief, but prices are still falling. Large cars, vans and full-size SUVs bucked the trend with price increases in September, but small and midsize cars saw modest drops. Midsize and large crossovers (down 5.1%), luxury cars (down 5.9%) and midsize SUVs (down 11.2%) saw the largest drops.
That's not to say used-car prices are back to pre-recession levels, or will be anytime soon. In September, auction facilitator Manheim's Used Vehicle Value Index remained a few points below its 2011 highs, but it still outpaces any level before April 2010. And in August, CNW Marketing Research said the average used car sold for $11,138 at a franchised dealership (e.g., Bob's Honda) and $8,936 at an independent dealer (e.g., Bob's Used Cars). That's still $668 and $438, respectively, over August 2009 levels.
that shoppers are trading in more cars, but that hasn't affected trade-in values much yet, leaving a "gray area" where shoppers can capitalize.
Source: http://blogs.cars.com/kickingtires/2012/10/used-cars-still-expensive-but-prices-are-falling.html
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Pension Pulse: Betting Big on Global Real Estate?
Jeffrey St-Onge of Bloomberg reports, OMERS? Oxford Properties plans $3 Billion Toronto Project (h/t, Caroline Cakebread):
No doubt about it, real estate has been a hot sector in Canada for as long as I can remember, but as I have been warning, the Canadian housing bubble will burst leading to a spike in unemployment:
Strong performance in major global property investment markets continues despite 8% total volume decline compared to same period in 2011, according to preliminary numbers from Jones Lang LaSalle:
What is driving much of these global flows in property markets? Sovereign wealth funds and pensions funds adding more risk as they shift assets into illiquid real estate to meet their actuarial return targets.
Ontario Municipal Employees Retirement System?s Oxford Properties said it may invest more than US$3 billion in a downtown Toronto development.The Financial Post provides more details on this deal. Now, leaving aside my distaste for casinos and how they cater to people's vices and weaknesses, I led off with this article to demonstrate how pension funds are betting big on real estate.The project, one of the largest urban redevelopments in North America, includes a renovated and expanded convention center, hotel and casino complex and a 5.5-acre urban park, Toronto-based Oxford Properties said in statement Friday. The site is on the south side of Front Street, bounded by Simcoe Street and Blue Jays Way.
?If the decision is made to have a casino in the City of Toronto, Oxford believes it can provide the best location and the ideal solution for all stakeholders,? Oxford Properties Chief Executive Officer Blake Hutcheson said in the statement. ?Oxford Place is a well-conceived private sector solution that requires no public infrastructure or other funding and drives significant community benefits.?
Omers, a pension fund manager in Canada?s most-populous province, posted a 3.2% return on investments last year, led by private equity, real estate and infrastructure holdings the fund said in an earnings statement. It invests in real estate and manages more than $55 billion of assets for more than 420,000 retired and active municipal employees in Ontario.
The development would be called Oxford Place and also includes renovation of Metro Toronto Convention Centre. Architectural firm Foster & Partners will be responsible for the master plan, Oxford Properties said.
I happen to think Toronto is in for nice pullback in residential and commercial real estate but the experts at OMERS' Oxford Properties obviously disagree if they're willing to invest $3 billion into a casino project in downtown Toronto.
Tara Perkins of the Globe and Mail reports that real estate generated $63.3-billion in economic activity in Canada last year, making the sector?s economic contribution twice as large as the entire economy of the province of Newfoundland & Labrador, according to a new report:
The Real Property Association of Canada (REALpac) and the NAIOP Research Foundation, two groups that represent the commercial real estate industry and advocate on its behalf, asked Altus Group Economic Consulting to prepare the paper, which will be made public Wednesday morning.It seeks to quantify the contribution that the sector is making to the nation?s economy, and it suggests that the sector supports almost 340,000 jobs, roughly equivalent to the total employment from the country?s entire agricultural industry.
The total economic activity that the sector generates includes new construction, improvements to existing buildings, brokerage activity and property management, and the spinoffs of that.
The report pegs the sector?s contribution to this country?s gross domestic product at $32.4-billion, and says that it generated about $18.1-billion in personal income for Canadians last year, and $12.5-billion in profits for businesses.
No doubt about it, real estate has been a hot sector in Canada for as long as I can remember, but as I have been warning, the Canadian housing bubble will burst leading to a spike in unemployment:
A slowdown is coming to Canada?s construction industry, thanks to the cooling housing market, says a new report from the Conference Board of Canada, and the result of that could be a significant spike in unemployment.I know the economists at the Conference Board and have the utmost respect for them, but let me tell you, when the construction boom turns to bust in Canada, it won't be a "soft landing". It's going to be hell. The only thing giving me some solace is that the US recovery is gaining momentum and I think Europe, China and rest of the world are turning the corner. This will help cushion the blow.The Conference Board predicts a ?soft landing? for Canada?s housing market, but warns that the construction industry will see a grim 2013.
?The residential market ? will no longer be able to fuel Canada?s post-recession growth,? Michael Burt, director of industrial economic trends for the Conference Board, said in a statement. ?Next year is expected to be particularly lacklustre, as housing starts and industry profits are both forecast to decline.?
A slowdown in construction activity would inevitably lead to higher unemployment. With consistent growth in home prices for the past decade, and a condo construction boom in recent years, concentrated primarily in Toronto, Canada?s economy now relies on construction jobs more than it has in at least the past three decades.
But as skeptical as I am on Canadian real estate, I'm bullish on US commercial and residential real estate. Smart money has been scooping up properties at fire sale prices over the last couple of years. And even in the US, skeptics abound. The Urban Land Institute cut its forecast for U.S. commercial real estate sales by 12 percent to $748 billion through 2014 because projections for economic growth are ?down considerably? from six months ago.
With all due respect to the Urban Land Institute, they don't have a clue of what is going on in the US economy (reading too much Zero Edge?). Employment growth has been sluggish but it's gaining momentum. Once you see 200,000+ jobs figures in? monthly payrolls, the demand for commercial real estate will pick up significantly, and so will bond yields.
In fact, it's already happening. World Property Channel reports, New York City Still 'Top Dog' of Global Property Investment Marketplace; London and Tokyo Ranked Second and Third:
According to Cushman & Wakefield's annual Winning in Growth Cities report launched today at EXPO REAL trade fair in Munich, low global interest rates and ongoing risk are luring investors towards commercial property markets in core global cities, with New York attracting the most investment during the last year.The top 25 global cities have in fact strengthened their lead in the past year - increasing their market share to 56% from 46% in 2009. However while this dominant group will continue to be favoured by investors for their risk averse characteristics, they will in the future face increasing competition from a host of other cities according to the report.
Cushman & Wakefield's report highlights include:
- New York is the largest global investment market for second consecutive year - with volumes rising 18.9% to US$34.7 bn in the year to Q2 2012
- London took second place with 3.8% growth in investment volumes to US$ 29.3 bn (18% less than New York)
- Tokyo, Paris, Los Angeles and Hong Kong round out the top 6. Los Angeles took top spot for investment in industrial, Shanghai for development sites and Hong Kong for retail.
Glenn Rufrano, President and Global CEO of Cushman & Wakefield tells World Property Channel, "True global cities have gone from strength to strength in the past year, and the investment hierarchy is now well defined. However, the top targets are really 'safety first' choices and will be challenged when recovery comes. In our opinion the hierarchy will in fact expand as cities mature, higher quality property is developed in emerging locations and crucially, as occupiers lead the way into new markets."A continued strong focus on mature, core liquid markets by investors seeking future growth potential but also better stability and liquidity has seen the top 25 cities increase their importance, with volumes rising 6% versus a 0.8% increase in the market overall.
Boosted by higher yields and higher yield premiums, liquidity and transparency, North America dominates the top rankings, with 15 of the top 25 targets and 17 of fastest growing in the past year. Asia is the second strongest region in the top 25, with 6 current targets and 5 high growth markets. There was little change in the top 25 ranking with 21 of the top cities the same as last year, with Sydney, Seattle, Phoenix and Denver moving up at the expense of San Diego, Hamburg, Melbourne and Beijing, the latter of which lost out due to a slowdown in land sales although it is likely to recover.
Concerning investment by property sector, the office market attracted the most investor capital, accounting for 43%, followed by retail (20.8%), residential (18.1%), industrial (10.3%) and the hotel sector (7.2%).
Global flows of cross border capital reached US$150 billion in the 12 months to Q2 2012, a rise of 4.3% on the same period in 2011. London topped the table for the overseas investors for the second year at US$19.6 billion, with Paris some way behind and New York in third spot. Tokyo and Hong Kong are the top two Asia Pacific cities slotting for foreign investment, in at fourth and fifth respectively.
Strong performance in major global property investment markets continues despite 8% total volume decline compared to same period in 2011, according to preliminary numbers from Jones Lang LaSalle:
Despite a slight fall on the US $106 billion total recorded in Q2 2012, transaction levels have held up in the summer months of Q3. This is due to strong performance in established major markets in all three regions, such as the United States, UK, Germany and Australia.Arthur de Haast, Head of the International Capital Group at Jones Lang LaSalle said: "Whilst general sentiment continues to be constrained by the economic environment, transaction volumes have been robust overall for the last quarter due to high levels of interest in offices, retail and industrial real estate in major global markets.
"Investors have been placing capital in the major cities in these safer markets. These larger markets have more liquidity and lower risks and whilst returns might not be as attractive as emerging markets such as Brazil, India and China, these economies have slowed and market transparency is lower.?
David Green-Morgan, Global Capital Markets Research Director said: ?Whilst investors are still being cautious and deals take longer to complete, there is a reasonably solid outlook for the rest of 2012."Financing for real estate transactions shows signs of improving in the US with CMBS issuance set to surpass the levels seen in 2011 and debt levels are steadily coming down, demonstrating that refinancing activity is taking place. Government quantitative easing and central bank policy activity has also improved global liquidity and confidence."
Arthur de Haast added: "Q4 is historically the busiest quarter of the year and that will be no different this year for real estate transactions. Whilst global investors might be watching the upcoming US presidential elections with interest, we expect this to have limited impact on activity as proved the case with the recent London Olympics.
"Looking further forward we expect volumes to increase in 2013 and one trend to watch is the continued activity in alternative sectors, where our teams are currently extremely busy."
What is driving much of these global flows in property markets? Sovereign wealth funds and pensions funds adding more risk as they shift assets into illiquid real estate to meet their actuarial return targets.
And it's not just a New York, London and Tokyo story. CNBC reports that Singapore?s property stocks have surged on average 48 percent so far this year, far outstripping the 15.5 percent gain on the broader Straits Times Index, and analysts say there is still more upside for the sector. Demand for commercial office space in Dubai is matching levels seen in 2007, signalling that even overdeveloped markets are showing signs of a rebound.
Of course, much of this growth is once again driven by liquidity, not economic fundamentals, a point underscored in markets like Taipei real-estate prices to peak next year:
With liquidity still abundant, commercial real estate properities in Taipei may see selling prices peak (or climb higher) next year while the global ecocnomic slowdown constrains the leasing market, a Jones Lang LaSalle's director said yesterday.Clearly there are regional differences in commercial real estate that will impact prices and yields. Even in the hot UK property sector, there is now a significant pick-up in secondary market activity:The remark came after Jones Lang LaSalle ? a financial and professional services firm specializing in real estate ? released its latest survey for the Taipei Grade A office market.
The vacancy rates and rents for Grade A offices in Taipei generally remained flat in the third quarter from the second quarter, the report said.
The average vacancy for Grade A offices in Taipei dropped to 10.07 percent during the July-to-September period, a slight decrease of 0.1 percentage points from the April-to-June period, while rents remained at NT$2,387 (US$81.50) per ping (3.3m2) per month in the third quarter, similar to that of the previous quarter, the report?s data showed.
However, total take-up fell considerably, from the 12,445 ping recorded in the second quarter to 782 ping in the third quarter, as the depressed global economy pushed corporate tenants to adopt a wait-and-see stance.
INVESTMENT
On the investment front, the total transaction volume of commercial real estate in the third quarter amounted to NT$54.7 billion, up 82.5 percent and 7.16 percent from a quarter and a year earlier, according to the report.
?The slowing leasing sentiment in the Taipei Grade A office market showed the current trading momentum and prices for office buildings were mainly supported by abundant capital, instead of economic fundamentals,? Jones Lang LaSalle managing director Tony Chao told a media briefing.
The situation may cause momentum in trading prices for commercial properties to peak in the near future, Chao added.
Chao said momentum of trading volume may continue to support the commercial market steadily, with Taiwan?s financial and insurance institutions remaining the most active investors.
As the UK commercial property market becomes increasingly polarised and wealth continues to pile into central London locations, is value now emerging in the secondary market?Marcus Langlands Pearse, manager of the Henderson UK Property unit trust, says that with few competing buyers and plenty of forced sales, prices are at previously unheard of levels in the secondary market, although he warns the quality of the property has to be examined very carefully.
Unprecedented yields?Prices are very uncertain, it?s hard to predict the price of a sale,? he says. ?You are seeing 10%-12% yields and actually if you get a forced sale situation it?s a 15%-20% yield. We are seeing double-digit yields that I haven?t seen before in my professional life.?
He cited a recent office building in central Birmingham that was being sold at a yield of 15% plus with seven years left on the lease, as an example of the bargains to be had in the secondary market.
?If you look at a building like that and you look at the capital value of some of those buildings, it is impossible to buy a site and put a building up for the money an investor in that kind of property is going to pay,? he said. ?When you see how far yields have moved, if you are a long-term property investor and pricing in your capital expenditure, I think there is value emerging in those markets.
?There are now an increasing amount of players who would have been looking at prime and who are now seriously looking at short to medium-term income where values have been severely discounted.?
Moreover, while money pours into the seemingly bullet-proof prime London locations, Langlands Pearse argues that the sector is dogged by less than optimal occupancy rates. ?This is exactly why we haven?t been investing hugely in that market. It has been very much an investment market, it?s not an occupancy market,? he said.
Langlands Pearse has been buying retail space on Edinburgh?s Princes Street ? the Scottish equivalent of Oxford Street ? and invested in a Midlands Tesco store with 14 years remaining. He has also opted for properties with super-long income streams, buying a hospital in Poole with 27 years remaining on the lease.
He has bought into a car showroom let by Sytner BMW. ?The rent is indexed there as well so in a way we are proofing the income against inflation,? he said.
Threadneedle?s UK Property Trust manager, Don Jordison said investors had placed too much emphasis on the death of the high street and struggling retail occupancy rates. ?We look at the distressed market because property is nothing if not entirely schizophrenic, all the time,? he argued.
?On the one hand, we have the highest prices being paid for little bits of London, but at the same time, I can buy property that has never been as cheap as I have seen in my career. I would rather be buying historically cheap prices than going into uncharted territory on historically high prices.?
High street retail undervaluedAll this tells me that there are plenty of deals for savvy real estate investors, and secondary market activity in prime markets will pick up in the coming years.He added that people had been talking about empty shops for decades, but some areas were still doing well, with sovereign wealth fund Norges recently buying up around half of Sheffield?s Meadowhall shopping centre.
Jason Baggaley, manager of the Standard Life Investments Property Income trust, said he expected property values to continue to fall through the final three months of the year, but longer term he is positive on the outlook for the secondary market and is taking positions in properties with shorter leases.
He has recently bought up a grade-A office in central Glasgow?s West George Street, with low rent of ?17 a square foot and a yield of 9.5%.
?We have let one floor that was empty so we have already seen performance, and the purchase price that was paid was less than the cost it would have been to build it,? he says.
Speaking of savvy real estate investors, leave you with a couple of excellent interviews with Tom Barrack, chairman of Colony Capital LLC. In the first interview, Barrack spoke with Lisa Murphy on Bloomberg Television's "Street Smart" (December 2011). In the second interview, Barrack discussed his views on CNBC back in mid April.
Finally, ABC News reports that foreclosures have taken a sudden nosedive as bidding wars break out among US home buyers.
Source: http://pensionpulse.blogspot.com/2012/10/betting-big-on-global-real-estate.html
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Thursday, October 11, 2012
San Clemente sports park hosts four-day carnival | rock, san, - News ...
It's carnival time at San Clemente's Vista Hermosa Sports Park.
Carnival Colossal & Expo, which starts Thursday and runs through Sunday, promises thrill rides, live entertainment, vendor booths and a food court that will include 10 food trucks.
The looks on the faces say it all at San Clemente's 2010 Carnival Colossal & Expo, which returns Thursday through Sunday.
FILE PHOTO: FRED SWEGLES, THE REGISTER
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Here are some things to know:
Hours: 5 to 10 p.m. Thursday, 5 to 11 p.m. Friday, 1 to 11 p.m. Saturday, 1 to 10 p.m. Sunday
Where: Vista Hermosa Sports Park, 987 Avenida Vista Hermosa, San Clemente
Admission: Free
Parking: Free onsite. From 5 to 10 p.m. Saturday and Sunday, you can park at San Clemente High School, 700 Avenida Pico, and take a free shuttle.
Carnival: 16 mechanical rides, the Kreepy Kastle, a slide, 10 games and a food and beverage concession. Rides include the Hurricane, Kamikaze, Zipper, Skydiver, Crazy Plane, Hampton Cars, Lady Bugs, Merry-Go-Round and Mini Himalaya.
Expo: Friday through Sunday, with a food court, live entertainment and vendor booths
Prices: Rides require three or four tickets. One ticket is $1.25, a sheet of 20 is $20, a sheet of 32 is $25.
Wristbands: A pay-one-price wristband will be $20, good for unlimited rides from 1 to 6 p.m. Saturday or Sunday. Kids in local sports leagues who are wearing their official jersey (Little League, etc.) can get a $5 discount on the wristband.
Onstage:
? Friday: 5 to 10 p.m., Broadway Bound Academy (dance), the Sixies (jazz duo), Fusion Beat (rock), Sabrina Lentini & the Minor (pop rock), Deepwater (soul, classic rock)
? Saturday: 2 to 9:45 p.m., Music Together (sing and play along), Gracie Barra (Brazilian jiu-jitzu), San Clemente Gym (Zumba), belly dancing, Mariachi for All (children's group), the Static Electricians (rock), the Dreams (rock), Gratitude (eclectic music), The Outsane (pop, rock)
? Sunday: 2 to 9:45 p.m., Solid Dance Crew (hip-hop), Hula Connection (Hawaiian dance), Rick Dale ('70s-'80s soft rock), Corazones Alegres Ballet (dance), SCHS String Performance (orchestral), Alina Delat (Spanish rock), Grupo Eros (cumbia music), Couch Party (jazz, rock)
Vendor booths: Nearly three dozen, including nonprofits, offering information, products, services, food, samples, games and prizes. Examples: Courtney's SandCastle Charitable Foundation will offer Peet's coffee, Rainbow Sandals and tiles. Hope 4 Hanna and Inka Mama's will team up with food and information. Our Lady of Fatima Catholic Church brings hot dogs with bacon, nachos, tacos, shish kabobs. Community Resource Center of San Clemente will offer information and games. Foundation for Wellness Professionals will have free chair massages, stress tests and blood-pressure checks.?GroDaFro will have surf and skate apparel.
Food trucks: Lineup includes Chomp Chomp Nation (sandwiches, skewers, sides), Garlicscapes (full garlic menu and appetizers), Seabird (organic vegan tacos, veggies, sweet-potato fries), Flip Truck (gourmet sliders and fries).
Carnival sponsors: City of San Clemente and Friends of San Clemente Beaches, Parks and Recreation Foundation; proceeds will assist a variety of city programs, scholarships and Phase 2 of the Courtney's SandCastle playground.
Contact the writer: fswegles@ocregister.com or 949-492-5127
Source: http://www.ocregister.com/news/rock-374176-san-food.html
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New Vaccine Could Help Women Who Already Have HPV
A new vaccine could help women infected with the human papillomavirus (HPV) who are at risk for cervical cancer, according to early results from a small study.
In the study, the experimental vaccine ? which differs from existing HPV vaccines that are given to prevent HPV infections ? was given to 18 women with cervical dysplasia, a precancerous condition of the cervix caused by a chronic HPV infection.
Along with the vaccine, patients also received a brief, mild electric shock at the injection site, which the researchers say allows their vaccine to work better than those tested in the past by helping to get the vaccine's DNA into the woman's cells.
Results showed that after vaccination, the women produced immune cells that were capable of attacking and killing HPV-infected cells.
The findings suggest this vaccine could clear chronic HPV infections, and prevent precancerous cells from becoming cancerous, the researchers say.
Current HPV vaccines prevent infection with cancer-causing strains of HPV, but do not help women already infected with the common, sexually transmitted virus. Most HPV infections go away on their own, but some linger and cause precancerous lesions to develop.
Doctors have effective treatments for removing these lesions, but they often come back, said Eduardo Franco, a cancer epidemiologist at McGill University in Montreal, who was not involved in the study.
A vaccine that treats chronic HPV infections would be useful, Franco said, because women with precancerous cells have to be continuously monitored to make sure their disease does not return, or worsen.
However, the new findings are preliminary. Because women in the study had been treated for their lesions before they got the vaccine, there's no proof yet the vaccine ?actually treats the disease, said Dr. Tzyy-Choou Wu, a cervical cancer researcher at Johns Hopkins University, who was not involved in the research.
The study is published today (Oct. 10) in the journal Science Translational Medicine.
The vaccine, called VGX-3100, works in a way similar to gene therapy: It contains pieces of DNA that, once inside cells, instruct them make specific proteins. These proteins train the body's immune system to recognize and attack cells infected with HPV 16 and HPV 18, which cause most cervical cancers, said study researcher Niranjan Sardesai, chief operating officer of Inovio Pharmaceuticals, the company that makes VGX-3100.
The electric pulse administered at the injection site (in the arm) lasts about 15 milliseconds, and the whole vaccination process takes about four seconds, Sardesai said.
The vaccine appeared to be safe, according to the study's results. The most common side effects were pain and tenderness at the injection site, with some participants experiencing swelling. For the most part, the pain went away within 10 minutes of the procedure, the researchers said.
The researchers are conducting another study to see if the vaccine could treat precancerous lesions. In that study, women will be given either the vaccine or a placebo. Knowing how well the vaccine compares with a placebo is important, because in some cases, the lesions go away without treatment.
It's possible a vaccine similar to the one used in this study could treat other types of cancer caused by HPV, such as some head and neck cancers, Sardesai said.
Pass it on: A new vaccine may prevent cervical cancer in women who already have chronic HPV infections.
Follow Rachael Rettner on Twitter @RachaelRettner, or MyHealthNewsDaily @MyHealth_MHND. We're also on Facebook & Google+.
Copyright 2012 MyHealthNewsDaily, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Source: http://news.yahoo.com/vaccine-could-help-women-already-hpv-225106901.html
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U.S. court clears Samsung phone, setback for Apple
WASHINGTON (Reuters) - A U.S. appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd's Galaxy Nexus smartphone on Thursday, dealing a setback to Apple Inc in its battle against Google Inc's increasingly popular mobile software.
Apple is waging war on several fronts against Google, whose Android software powers many of Samsung's devices.
In one of the more visible developments of that battle, Apple scored a sweeping legal victory over Samsung in August when a U.S. jury found Samsung had copied critical features of the hugely popular iPhone and iPad and awarded Apple $1.05 billion in damages.
In this case, the U.S. Court of Appeals for the Federal Circuit was considering an injunction ordered before the trial began but which was quickly stayed. The appeals court reversed the injunction entirely on Thursday, saying that the "district court abused its discretion."
Apple failed to prove, the court said, that consumers purchased the Samsung product because of the infringing technology. The court considered a single patent - one which allows the smartphone to search multiple data storage locations at once. For example, the smartphone could search the device's memory as well as the Internet with a single query.
The appeals court has sent the case back to a lower California court for reconsideration.
The Nexus is an aging product in Samsung's lineup, with a collection of new tablets and smartphones intended for launch before the holidays.
On Wednesday, Google executive chairman Eric Schmidt called the intensifying struggle between Apple and his company a "defining fight" for the future of the mobile industry.
"We've not seen ... competitive fights on this scale," he said during an interview with tech blog AllThingsDigital at New York's 92nd Street Y. [ID:nL1E8LB12M]
Apple declined comment. Samsung did not immediately respond to requests for comment.
(Reporting By Diane Bartz; Editing by Gerald E. McCormick, Bernard Orr)
Source: http://news.yahoo.com/appeals-court-reverses-sales-ban-samsung-smartphone-152639003--finance.html
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These Laser-Engraved iPhone 5s Look Really Cool [Iphone 5]
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My husband has an LLC with a friend who has not been actively part of the company for some time now (at least 4 years). Each year, the partner's percentage has decreased, but instead of dissolving the company and starting over as originally planned, my husband would like for the partner to sell his share to me, for example, so that the name, reputation, etc. stays in tact. Is this legal and/or possible?Any help would be greatly appreciated.
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Wednesday, October 10, 2012
North Korea Warns Missiles Can Reach U.S.
SEOUL, South Korea -- North Korea on Tuesday warned that the U.S. mainland is within range of its missiles and said that Washington's recent agreement to let Seoul possess missiles capable of hitting all of the North shows the allies are plotting to invade the country.
South Korea announced Sunday that it reached a deal with Washington that would allow it to nearly triple the range of its missiles to better cope with North Korean missile and nuclear threats. On Tuesday, North Korea called the deal a "product of another conspiracy of the master and the stooge" to "ignite a war" against the North.
In a statement carried by the official Korean Central News Agency, an unidentified spokesman at the powerful National Defense Commission said the North will bolster its military preparedness.
"We do not hide ... the strategic rocket forces are keeping within the scope of strike not only the bases of the puppet forces and the U.S. imperialist aggression forces' bases in the inviolable land of Korea but also Japan, Guam and the U.S. mainland," the spokesman said.
South Korea's Defense Ministry said Tuesday it had no official comment on the North's statement, but Seoul and Washington have repeatedly said they have no intention of attacking North Korea.
In Washington, U.S. State Department spokeswoman Victoria Nuland told a news conference that North Korea would achieve nothing through threats and provocations. She declined to say whether the continental U.S. was within the North's missile range.
She said South Korea's missile ranges and capabilities have not changed since 2001, while North has been clearly working on its own. She said the recent agreement with the South on missiles was defensive in nature.
North Korean long-range rockets are believed to have a range of up to about 6,700 kilometers (4,160 miles), putting parts of Alaska within reach, according to South Korea's Defense Ministry.
But the North's spotty record in test launches raises doubts about whether it is truly capable of an attack.
Pyongyang shocked Japan in 1998 when it sent a rocket over Japan's main island and into the Pacific. That also alarmed Washington because about 50,000 U.S. troops are deployed in Japan and their bases could be within the North's range. Tokyo and Washington have since intensified their ballistic missile defenses.
But the North's most recent rocket launch, in April, ended in humiliating failure shortly after liftoff. North Korea said it was trying to launch a satellite with that launch, but the U.S. and other countries said it was actually a test of long-range missile technology. The failure suggests that Pyongyang has yet to master the technology it needs to control multistage rockets ? a key capability if it is to threaten the United States with intercontinental ballistic missiles.
And although North Korea is believed to have a small nuclear arsenal, experts do not believe it has mastered the miniaturization technology required to mount a nuclear weapon on a long-range rocket.
It's unusual for the North to say its missiles are capable of striking the U.S., but Pyongyang has often threatened to attack South Korea and the U.S. in times of tension. It often does not follow through, but its deadly 2010 artillery strikes on a South Korean island came after it issued a threat to retaliate against South Korean military drills.
Koh Yu-hwan, a North Korean studies professor based in Seoul, said that in the latest case, the North had no choice but to respond to South Korea's extended missile range but is unlikely to launch a provocation, as it is waiting for the results of U.S. and South Korean presidential elections.
Under the new deal with the U.S., South Korea will be able to possess ballistic missiles with a range of up to 800 kilometers (500 miles). South Korea will continue to limit the payload to 500 kilograms for ballistic missiles with an 800-kilometer range, but it will be able to use heavier payloads for missiles with shorter ranges.
A previous 2001 accord with Washington had barred South Korea from deploying ballistic missiles with a range of more than 300 kilometers (186 miles) and a payload of more than 500 kilograms (1,100 pounds) because of concerns about a regional arms race.
The Korean Peninsula remains officially at war because the 1950-53 Korean War ended with an armistice, not a peace treaty. The U.S. stations about 28,500 troops in South Korea as deterrence against possible aggression from North Korea.
___
Associated Press writers Eric Talmadge in Tokyo and Matthew Pennington in Washington contributed to this report.
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Source: http://www.huffingtonpost.com/2012/10/09/north-korea-missiles-us-_n_1952710.html
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Sandusky, victims plan to speak at sentencing
FILE - In this June 21, 2012 file photo, former Penn State University assistant football coach Jerry Sandusky leaves the Centre County Courthouse in Bellefonte, Pa. Sandusky should be sent to prison for life when a judge sentences him Tuesday, Oct. 9, 2012, according to several of the jurors who convicted the former Penn State assistant coach of molesting several boys over a period of years. (AP Photo/Gene J. Puskar)
FILE - In this June 21, 2012 file photo, former Penn State University assistant football coach Jerry Sandusky leaves the Centre County Courthouse in Bellefonte, Pa. Sandusky should be sent to prison for life when a judge sentences him Tuesday, Oct. 9, 2012, according to several of the jurors who convicted the former Penn State assistant coach of molesting several boys over a period of years. (AP Photo/Gene J. Puskar)
Pennsylvania senior Deputy Attorney General Joseph E. McGettigan III speaks with members of the media after a pre-sentencing conference at the Centre County Courthouse, Monday, Oct. 8, 2012, in Bellefonte, Pa. Former Penn State University assistant football coach Jerry Sandusky is scheduled to be sentenced Tuesday for sexually abusing 10 boys in a scandal that rocked the university and brought down coach Joe Paterno. (AP Photo/Matt Rourke)
A privacy tunnel is erected at the Centre County Courthouse Monday, Oct. 8, 2012, in Bellefonte, Pa. Former Penn State University assistant football coach Jerry Sandusky is scheduled to be sentenced Tuesday for sexually abusing 10 boys in a scandal that rocked the university and brought down coach Joe Paterno. (AP Photo/Matt Rourke)
Joe Amendola, attorney for former Penn State University assistant football coach Jerry Sandusky, arrives for a pre-sentencing hearing at the Centre County Courthouse Monday, Oct. 8, 2012, in Bellefonte, Pa. Sandusky is scheduled to be sentenced Tuesday for sexually abusing 10 boys in a scandal that rocked the university and brought down coach Joe Paterno. (AP Photo/Matt Rourke)
Pennsylvania senior Deputy Attorney General Joseph E. McGettigan III arrives at the Centre County Courthouse for a pre-sentencing hearing Monday, Oct. 8, 2012, in Bellefonte, Pa. Former Penn State University assistant football coach Jerry Sandusky is scheduled to be sentenced Tuesday for sexually abusing 10 boys in a scandal that rocked the university and brought down coach Joe Paterno. (AP Photo/Matt Rourke)
BELLEFONTE, Pa. (AP) ? Jerry Sandusky and at least some of his victims plan to address the judge at his sentencing, a proceeding that may last less than two hours, lawyers said after a closed-door meeting to iron out logistics ahead of the Tuesday hearing.
Sandusky lawyer Joe Amendola said "it's as certain as certain can be" that the former Penn State assistant football coach will speak to Judge John Cleland and assert his innocence before he is sentenced on 45 counts of child sexual abuse.
"What I anticipate he'll say is he's innocent," Amendola said outside the courthouse Monday afternoon.
Amendola said he did not expect any others to speak on Sandusky's behalf, although friends and family members ? including his wife, Dottie ? have written letters of support. Dottie Sandusky plans to attend the hearing, he said.
Given the number of charges, the serious nature of his crimes and his age, the 68-year-old Sandusky faces the likelihood of a sentence that will send him to state prison for the rest of his life. Sandusky was convicted in June of abusing 10 boys over 15 years, including some attacks inside Penn State athletic facilities.
"The important thing for us is, it starts the appellate process," Amendola said.
One element of the appeal is expected to be a claim that the defense did not have time to adequately prepare for trial. Sandusky was charged in November, following a lengthy investigation.
Tom Kline, lawyer for a young man who said Sandusky groped him in a shower when he was 12 or 13, said his client plans to read a statement Tuesday.
"He's going to tell the judge how this has affected him, how it's been painful and difficult," Kline said.
Lead prosecutor Joe McGettigan said as many as a half-dozen victims are expected to be heard.
The eight victims who testified against Sandusky at trial described abuse that ranged from grooming and fondling to oral and anal sex. Sandusky did not take the stand but gave interviews shortly after his arrest in which he declared he was not guilty.
Karl Rominger, another Sandusky defense lawyer, said the sentencing and a related proceeding to determine if Sandusky qualifies as a sexually violent predator under Pennsylvania's version of Megan's Law should take less than two hours.
Rominger said a 30-year minimum sentence ? which would keep Sandusky behind bars at least until he's nearly 100 ? was probably the most the defense could hope for.
Rominger said on WHP radio that Sandusky knows the judge could impose a longer sentence if Sandusky insists he is innocent, but some offenses carry mandatory minimums that are likely to translate into an effective life sentence.
"Why worry about the niceties of pleasing the court when it won't change your sentence?" Rominger said.
Along with Sandusky, prosecutors last year also arrested two Penn State administrators and charged them with lying to the grand jury that investigated Sandusky and failing to properly report suspected abuse. Tim Curley, the athletic director on leave, and Gary Schultz, a retired vice president for business and finance, deny the charges and await trial.
The case led to the firing of longtime head football coach Joe Paterno, who died from lung cancer in January, and the ouster of university President Graham Spanier, who remains a faculty member. Eight legal teams that represent at least 20 victims or other potential civil claimants have surfaced, and Penn State has indicated its desire to settle claims out of court.
After Tuesday's sentencing hearing, Sandusky most likely would be sent to Camp Hill state prison. There, he would be tested and evaluated by Department of Corrections personnel, who will determine which institution he will be sent to.
___
Associated Press Writer Marc Levy in Harrisburg, Pa., contributed to this report.
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Anyone Else Having iOS Buyer's Remorse? [Chatroom]
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Lookout Security & Antivirus for Android gets a makeover, lets missing phones have one last gasp
Missing phone apps such as Find My iPhone often have a glaring weakness: as they depend on pings at regular intervals, they're not much use at tracking down a lost device if the battery dies first. Enter a major revamp of Lookout's Security & Antivirus app for Android. The updated title's new Signal Flare component takes advantage of a phone's tendency to go out in a blaze of wireless glory that marks its last location. By remembering where a phone was unintentionally laid to rest, Signal Flare helps track down a phone that might have died in the parking lot -- or just underneath the couch. Should your phone remain safely in your pocket, you'll likely still appreciate the reworked interface that blends in with Android 4.0 and beyond, the protection against click-to-call exploits and an activity feed that shows just what Lookout has been doing behind the scenes. Android users can get that extra reassurance today, and iOS users have been promised a parallel app in the future.
Filed under: Cellphones, Mobile
Lookout Security & Antivirus for Android gets a makeover, lets missing phones have one last gasp originally appeared on Engadget on Tue, 09 Oct 2012 12:08:00 EDT. Please see our terms for use of feeds.
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