US lawmakers urge action on record China trade gap

WASHINGTON, Feb 15: A group of U.S. Lawmakers began a renewed push on Thursday for legislation to curb imports from China after new data showed the U.S. .......more

Sobha to develop hotel

DUBAI, Feb 15: India's real estate major Sobha Group will develop a hotel in Dubai on Palm Jumeira and has plans to develop eight more hotels in India, Oman and Zanzibar, a top official said......more

World's highest building sells 94th floor online for $12 million

DUBAI, Feb 15: Having reached 158 floors and still growing, the world's tallest skyscraper, Burj Dubai has sold 11000 sq ft of .......more

Manila's Arroyo calls for end to political strife

MANILA, Feb 15: Philippine President Gloria Macapagal Arroyo called on opponents to end their politicking ahead of protest rallies planned for later today to demand her resignation over ....more

Pakistan PM hopeful ready work to with opposition

PHOOLNAGAR, PAKISTAN, Feb 15: The Pakistani prime ministerial hopeful from a party loyal to President Pervez Musharraf says he is not against .....more

Crowds 'behave like sheep and pick leaders to follow'

LONDON, Feb 15: Have you ever arrived somewhere and wondered how you got there? Well, a new study has finally found the answer -- it's our "flock mentality"......more

World's highest building sells 94th floor online for $12 million

DUBAI, Feb 15: Having reached 158 floors and still growing, the world's tallest skyscraper, Burj Dubai has sold 11000 sq ft ......more

Canada rejects allegations of racism dogging Kanishka probe

OTTAWA, Feb 15: The Canadian Government today rejected allegations of racism dogging the investigations into 1985 Kanishka airliner bombing ......more

     

Six dead in yet another campus massacre in US..

Russia, Iran to set up JV to operate Bushehr nuke plant

UN to partly fund Nepal's 'Women Mt Everest Expedition'

Black pepper ‘could cure skin condition’

 

US lawmakers urge action on record China trade gap

WASHINGTON, Feb 15: A group of U.S. Lawmakers began a renewed push on Thursday for legislation to curb imports from China after new data showed the U.S. Trade gap with that country soared to a record $256 billion in 2007.

"This is about those who are cheating in this broken trade system," said Rep. Betty Sutton, an Ohio Democrat who blamed China's currency policy for her state's heavy manufacturing job losses. "We've heard the phrase that 'cheaters never prosper.' Well right now, that doesn't hold true."

China's exports to the United States grew to $321.5 billion in 2007, as it leapt past Canada to become the United States' top supplier of foreign goods. US exports to China hit $65.2 billion, as the Asian giant surpassed Japan as the United States' third largest market after Canada and Mexico.

The lawmakers want House of Representatives leaders to schedule a vote on a bill crafted by Rep. Tim Ryan, also an Ohio Democrat, and Rep. Duncan Hunter, a California Republican, that has been pending in Congress in one form or another for more than two years.

They hope this year's presidential race, especially the March 4 primary in Ohio where trade is likely to be a hot issue, could help push the bill to center stage.

The legislation would define currency manipulation as a subsidy under US trade law to let companies ask the Commerce Department to slap offsetting duties on Chinese goods.

The United States already has some 60 anti-dumping duty orders on Chinese goods, but supporters say the Ryan-Hunter bill would give U.S. Trade laws additional heft.

Many economists believe China's currency is undervalued by as much as 40 percent, giving Chinese companies a huge price advantage in international trade.

The Bush administration says Ryan-Hunter and similar bills are the wrong way to persuade China to revalue its currency because they would boost prices for imported goods and tempt China to retaliate.

Hunter, a failed candidate for this year's Republican presidential nomination, said Congress also needed to act because China uses the money it makes selling goods to the United States to modernize and expand its military.

'SUPERPOWER SHOES'

''Clearly, China is stepping into the superpower shoes that were left by the Soviet Union, and the tragedy is they're doing it with American trade dollars,'' Hunter said.

Commerce Department figures released on Thursday showed the the bilateral trade gap with China grew, even as the overall U.S. Trade deficit narrowed 6.2 percent in 2007 to $711.6 billion for its first decline in six years.

In a joint statement, House Ways and Means Chairman Charles Rangel, a New York Democrat, and Rep. Sander Levin, a Michigan Democrat, said the Bush administration was to blame for the still huge trade gap because it has not done enough to ensure China and other countries play by the rules.

They said foreign currency manipulation contributed roughly $130 billion to $180 billion to the US trade deficit each year, a figure committee aides attributed to a report last year by Morris Goldstein, a senior fellow at the Peterson Institute for International Economics.

''In the next two months, the Committee will be looking into ways to improve enforcement of our international agreements and our domestic trade laws,'' Rangel and Levin said.

A Ways and Means Committee spokesman said the Ryan-Hunter bill was one of the options under consideration.

Bush administration officials highlighted the role record U.S. Exports played in reducing the trade deficit in 2007 for the first time since 2001.

''Exports have been a huge driver of American growth and a creator of higher-paying jobs here at home,'' US Commerce Secretary Carlos Gutierrez said in a statement. (AGENCIES)

Sobha to develop hotel

DUBAI, Feb 15: India's real estate major Sobha Group will develop a hotel in Dubai on Palm Jumeira and has plans to develop eight more hotels in India, Oman and Zanzibar, a top official said.

Sobha Group, the latest company to plunge into the Dubai real estate market, has around 1.5 million sq ft currently under construction which the company aims to grow three times by early next year, company Vice President Ajay Rajendra said.

It has a current portfolio of about one billion dollar spread over a total of four properties in Business Bay and Jumeirah Village.

In Dubai, the group also has a 130 thousand square foot factory in Technopark.

Sobha has plans to develop seven to eight million sq ft of land in India at a value of two billion dollars, he told the Gulf News.

(UNI)

World's highest building sells 94th floor online for $12 million

DUBAI, Feb 15: Having reached 158 floors and still growing, the world's tallest skyscraper, Burj Dubai has sold 11000 sq ft of office space on the 94th floor to a European buyer for a whopping 12 million dollars in an online deal.

Eqarat.Com, the Dubai-based real estate sales agent, today said it has sold the ''highest office floor in the world'' to a European investor.

''Purchasing property in Dubai has become a simplified process; however intense competition among property developers and high profile investors who are always on the lookout for the most profitable developments in this rapidly developing emirate, has presented customers with difficulties in acquiring their ideal properties,'' claimed Ali Al Rahma, CEO of the online portal, according the Gulf News.

(UNI)

Manila's Arroyo calls for end to political strife

MANILA, Feb 15: Philippine President Gloria Macapagal Arroyo called on opponents to end their politicking ahead of protest rallies planned for later today to demand her resignation over a kickbacks scandal.

Arroyo, president since 2001, said corruption was part of life in the Philippines.

''It is a sad fact that the Philippines has a legacy of political corruption. While that legacy will not be erased overnight, we have made tremendous strides,'' she told a financial briefing for investors, diplomats and industry leaders.

''We call on our political leaders of all parties and preferences to look to our future,'' Arroyo added. ''We call on them to ensure stability for the sake of the nation.''

Half a kilometre away, television crews were setting up to cover demonstrations in the heart of Manila's financial district. Organisers said they expected up to 8,000 people to take part and police and the army were put on high alert.

A Senate inquiry into alleged kickbacks in government has again raised the heat on Arroyo, who has survived three impeachment bids in as many years and at least three coup plots due to continuing corruption allegations.

Political analysts say the president's position appears safe due to support from the military and the lower house of Congress and the apathy of many Filipinos, who are sick of the political merry-go-round in Manila.

Arroyo herself took over after former President Joseph Estrada was ousted following street protests seven years ago. He was later convicted of plunder, but Arroyo granted him a pardon last year.

The latest scandal has, however, unsettled some investors. The Philippine stock index <.PSI> bucked the regional uptrend on Thursday and continued to fall today, finishing down 0.9 per cent.

The government rejected all bids for 4-year Treasury bonds earlier this week after the renewed controversy encouraged banks to demand a higher rate of return.

LESS THAN IMPRESSIVE

In an economic briefing with flash video footage and the theme ''The Philippines; Defying Gravity. Rising Steadily'', Arroyo tried to sooth business leaders with comments that the latest allegations were part of the normal political rough-and-tumble.

''These types of charges have regularly emerged even in previous administrations, as part of our less than impressive political culture,'' said the former economist, whose final term runs out in 2010.

The Philippines is currently on an economic roll, with growth at a 31-year high and the budget deficit at a 10-year low, and Arroyo said the momentum would be sustained despite a slowdown in the United States through accelerated infrastructure spending.

But Arroyo, whose father was also president, said the political system remained the country's Achilles Heel.

''Our political system is the one that needs to be reformed now more than the economy. At this point in time in my presidency, it is not for me anymore to be the one to introduce the constitutional reform but if there are others who want to do it, I will support them.''

(AGENCIES)

Pakistan PM hopeful ready work to with opposition

PHOOLNAGAR, PAKISTAN, Feb 15: The Pakistani prime ministerial hopeful from a party loyal to President Pervez Musharraf says he is not against forming a coalition with either of the two main parties tipped to come top in next week's election.

Polls predict the pro-Musharraf Pakistan Muslim League will come in third place behind the party of the late Benazir Bhutto and the party of former Prime Minister Nawaz Sharif, but it could hold the balance of power in the 342-seat parliament and decide who will form Pakistan's next government.

''If it is in the interests of Pakistan and in the interest of the people of Pakistan, certainly we don't mind having a coalition,'' Pervez Elahi, the candidate for prime minister from the party, commonly known as Q-League or PML (Q), told Reuters in an interview.

PML (Q) was cobbled together by the intelligence agencies as a powerbase for Musharraf from the rump of Sharif's party after he was ousted by Musharraf in 1999.

Both opposition parties complain that the government was trying to rig the poll in favour of PML (Q) -- a charge denied by Musharraf.

Asked which of the two main parties he would prefer to have as a coalition partner, Elahi said: ''It's too early to answer this question because it all depends how the parties perform in the elections. To me they are one and the same.''

Elahi was speaking on the way to an election rally in the village of Phoolnagar, near the eastern city of Lahore.

Some 2,000 supporters crammed into a walled enclosure under a heavy police cordon to hear the middle-aged career politician address them from a high-podium protected by bullet-proof glass.

EXPECTS TOP POSITION

Elahi said he did not believe opinion poll predictions and said he expected to come out on top with ''a comfortable majority'' due to the party's track record on education and healthcare.

One of the problems for PML (Q) is that if it bucks the opinion poll predictions and does well in the election it may lead to accusations of rigging.

Elahi said Pakistan could no longer afford to have a rigged election and party leaders needed to learn to accept defeat rather than crying foul.

''It is the duty of all the parties to start educating people to accept defeat and try to find out the problems, difficulties and flaws within their own ranks rather than blaming other people,'' he said as his armoured car sped through traffic flanked by police in pick-up trucks armed with Kalashnikov assault rifles.

Security is a big issue for party leaders in this election after the Dec. 27 assassination of Bhutto by suspected Islamist militants linked to al Qaeda and the Taliban.

Elahi said the only way to deal with the problem was ''to adopt a two-pronged strategy using force and negotiations, because you can't always win the battle just by force, you have to sit at the table and you have to have negotiations''.

Similarly the dispute over the Himalayan region of Kashmir, cause of two of the three wars between Pakistan and India in the last 60 years, also had to be resolved by compromise.

''We have to take some more steps and tackle the real problem which is Kashmir,'' he said. ''Unless it is solved, we can't have a real relationship with India. If we say we want to have all of Kashmir, it is not possible, if India keeps on saying it is an integral part of India, that again won't solve the problem.'' (AGENCIES)

Crowds 'behave like sheep and pick leaders to follow

LONDON, Feb 15: Have you ever arrived somewhere and wondered how you got there? Well, a new study has finally found the answer -- it's our "flock mentality".

Researchers at the University of Leeds in Britain have carried out the study and discovered that humans in crowd actually flock like sheep, subconsciously following a minority of individuals who seem to know where they are going.

They came to the conclusion after conducting an experiment in which volunteers were told to walk randomly around a large hall without talking to each other. A select few were then given more detailed instructions.

All the participants were not allowed to communicate with one another but had to stay just within arms length of another person.

The researchers found that it took a minority of just five per cent of what they called "informed individuals" to influence the direction of a crowd of a minimum of 200 people. The remaining of 95 per cent followed without realising it.

"There are strong parallels with animal grouping behaviour. We've all been in situations where we get swept along by the crowd but what's interesting about this research is that our participants ended up making a consensus decision.

"This is despite the fact that they weren't allowed to talk or gesture to one another. In most cases the participants didn't realise they were being led by others," 'The Daily Telegraph' quoted lead researcher Prof Jens Krause as saying.

According to the researchers, the findings have important applications, notably in disaster management. The results of the study have been published in the latest edition of the 'Animal Behaviour Journal'.

The work follows another study by Dr Simon Reader of Utrecht University that showed that most of us are happy to play "follow my leader", even if we are trailing after someone who does not really know where they are going.

"Even more striking, that study found that even when we are shown a faster route, we still prefer to stick with the old one and tell others to take the long road too.

"That discovery could have lethal implications when it comes to evacuating a building or ship in an emergency, when people would likely stick to the familiar evacuation route, even if slower than an alternative," Prof Krause said. (PTI)

World's highest building sells 94th floor online for $12 million

DUBAI, Feb 15: Having reached 158 floors and still growing, the world's tallest skyscraper, Burj Dubai has sold 11000 sq ft of office space on the 94th floor to a European buyer for a whopping 12 million dollars in an online deal.

Eqarat.Com, the Dubai-based real estate sales agent, today said it has sold the ''highest office floor in the world'' to a European investor.

''Purchasing property in Dubai has become a simplified process; however intense competition among property developers and high profile investors who are always on the lookout for the most profitable developments in this rapidly developing emirate, has presented customers with difficulties in acquiring their ideal properties,'' claimed Ali Al Rahma, CEO of the online portal, according the Gulf News.

(UNI)

Canada rejects allegations of racism dogging Kanishka probe

OTTAWA, Feb 15: The Canadian Government today rejected allegations of racism dogging the investigations into 1985 Kanishka airliner bombing which killed all 329 people on board, mostly of Indian-origin.

At a hearing of the Air India inquiry commission, sociologist Sherene Razack was grilled about a report she had prepared for victims’ families alleging systemic racism led to Canadian officials minimising the warnings to Indian carrier and being slow to respond after the devastating bombing.

In her testimony, Razack did not level charges of overt racism at individual bureaucrats, politicians or officers and even acknowledged that "there is evidence that some Canadian officials acted heroically."

However, she said an overall structure tainted by systemic racism led people to ignore advance warnings of the attack and hampered the initial probe.

Denying the allegations, federal Government lawyer Barney Brucker said Razack selectively examined a fraction of the evidence and testimony at the inquiry before coming to her unsubstantiated findings.

Razack has argued in her report that a racial bias, perhaps unconscious, affected the Government’s response to the bombing.

But Brucker bristled at the suggestion, saying Razack based the report on selective documents given to her by lawyers of the victims’ families.

"You really don’t know what happened in this case, Professor, other than what’s been fed to you in these documents," Brucker said during cross-examination.

Razack, who teaches at the University of Toronto’s Ontario Institute for Studies in Education, retorted that Brucker’s remark was a "particularly contemptuous way of putting it."

Meanwhile, the lawyer went on to note that much of the testimony heard at the inquiry indicates police and security officials did the best they could to head off the bombing.

He also pointed out that former Ontario premier Bob Rae, who oversaw the Government’s fact-finding mission that led to the inquiry, testified that he found no evidence of racism among key decision-makers.

On her part, Razack acknowledged "people worked very hard" and "felt very strongly that they had not discriminated.

But she said with systemic racism, compassionate people can be trapped in social or bureaucratic structures that produce discriminatory results.

She said Ottawa was slow to recognise the enormity of the tragedy and took more than two decades to call a public inquiry.

The downing of the flight was widely blamed on Sikh militants. Only one person-Inderjit Singh Reyat-was ever convicted in the plot for which the investigations have been dragging on for decades.

Lawyers for the victims’ families are expected to make their closing arguments and offer recommendations for reforming policies.

The public inquiry was set up under pressure from the relatives of the victims who were outraged by the acquittal of the two main suspects-Ripudaman Singh Malik and Ajaib Singh Bagri-in 2005. The final hearings led by former Supreme Court Judge John Major began more than one and half years ago. (PTI)

Six dead in yet another campus massacre in US..

NEW YORK, Feb 15: In yet another campus shooting in the US, a heavily-armed former student gunned down five students and injured 16 others in a Northern Illinois University lecture hall before turning the gun on himself, shocking the country on Valentine’s Day.

The tall, white, skinny assailant, dressed in black, emerged from behind a screen on the stage with two handguns and a shotgun and sprayed bullets on the startled students of the geology class without saying a word, officials and eyewitnesses said.

This is the fourth shooting to rock US schools and colleges within a week. On February 8, a woman shot dead two fellow students before committing suicide at Louisiana Technical College. In Memphis, a 17-year-old allegedly shoot and critically wounded a fellow student on Monday.

All of the dead, including four women, in the Valentine’s Day shooting were students, John G Peters, the president of Northern Illinois University, told reporters.

Six of the 16 injured were in critical condition.

Authorities did not immediately identify the gunman who died of a self-inflicted gunshot wound.

His body was found on the stage of the lecture hall along with three weapons two handguns and the shotgun, with ammunition still left in both handguns. Gun magazines were found "all over the floor," Donald Grady, the NIU police chief, said.

"This thing started and ended within a matter of seconds," he said adding they could not ascertain any motive as of now.

Shots rang out shortly after 3 PM Central Time inside Cole Hall of the 113-year-old university where 25,000 students, including, 862 foreigners, are enrolled.

A student who identified herself as Sheila told WBBM radio that the gunman was holding a "huge gun" and she thought that it was a fake.

"He was quiet. He just stood on the stage in front of everybody and just started shooting," she said. "I saw him holding the gun and it was huge. I thought it was fake and then I realized he was really shooting at people and I got down.. I saw a lot of blood."

Security around campus was increased in December when police found threats scrawled on a campus bathroom wall that included racial slurs and references to last April’s Virginia Tech killings, CNN reported.

A heavily armed South Korean student had killed 32 people on his campus at Virginia Tech before committing suicide.

One of the threats said "things will change most hastily" in the final days of the semester.

Peters said the motive for the "senseless tragedy" was unknown, but authorities had "no reason to believe" it was related to threats found in December.

Illinois Governor Rod Blagojevich declared a state of emergency, which will open the governor’s disaster fund to reimburse local government entities.

Desiree Smith said she saw fellow students fall down around her as the gunman opened fire. She tried to crawl away thinking she was going to die, then wondered if she should play dead before getting up to run out of the classroom.

Peters said the gunman was enrolled as a graduate student at NIU in the spring of 2007. There are about 162 registered students in the class.

Rosie Moroni, a student at the school, she heard shots coming from the classroom which followed by "a lot of people screaming."

Then people ran out the doors yelling, "He’s got a gun, call 9-1-1," she said. "It was complete chaos ... It’s very scary here right now." (PTI)

Russia, Iran to set up JV to operate Bushehr nuke plant

MOSCOW, Feb 15: Russia and Iran may set up a joint venture to operate the Bushehr nuclear power plant, in three months, a top official of the Russian nuclear power equipment and service export monopoly-Atomstroiexport, has said.

"We have almost agreed to establish a joint venture to operate the Bushehr nuclear power plant, both as part of the contract and later, during maintenance," Atomstroiexport president Sergei Shmatko was quoted by RIA Novosti as saying.

"I have set myself an optimistic timeframe-three months," Mr Shmatko said.

He added that Atomstroiexport, which is building Bushehr plant, plans to almost double the 1,300 Russian personnel employed in the construction of Iranian nuclear power plant.

He, however, pointed out that the legal status of the Russian-Iranian joint venture was still not clear.

Mr Shmatko praised a recent conference at the Bushehr attended by Atomstroiexport and subcontractors to discuss the start of the final stage of construction.

Iran hopes the power plant will be commissioned in October.

Russia delivered the eighth and final fuel shipment to Bushehr on January 28. It has supplied a total of 82 metric tonnes of low-enriched

uranium to the light-water nuclear power plant. (UNI)

UN to partly fund Nepal's 'Women Mt Everest Expedition'

KATHMANDU, Feb 15: The United Nations has announced that it will partly fund the 'First Inclusive Women Mt Everest Expedition 2008', an initiative to highlight the cause of global climate change and women empowerment.

The initiative, that includes women from multiple castes and ethnicity of Nepal, is the first Mt Everest expedition of its kind, a press release said.

Of the total USD 200,000 budget for the expedition which will begin this spring, the World Food Programme and the United Nations Development Programme will bear 25 per cent.

"Our expedition is aimed at creating awareness about the impact of global climate change on Nepalese people and their livelihoods, and its impacts on one of the Nepal's valuable resources, the Himalayas", Da Gombu Sherpa, the team leader of the expedition said.

The members of the expedition expressed hope that their efforts will not only open up mountaineering as a sport and a career for women in Nepal, but will also encourage them to work together to pursue their goals.

"We hope the expedition will also play a significant role in promoting education, empowering women and educating people about the effects of climate change in Nepal after completing the expedition", Sherpa added. (PTI)

Black pepper ‘could cure skin condition’

LONDON, Feb 15: Black pepper may be hot for your pot but it could cure skin disease vitiligo-a condition in which areas of skin lose their normal pigment and turn white.

Researchers at the King’s College in London have carried out a study and found that piperine-a compound that gives black pepper its spicy, pungent flavour-can stimulate the skin to produce pigment.

"We have shown that topical treatment with piperine stimulates even pigmentation in the skin. Combining this with UVR significantly enhances the pigmentation with results that are cosmetically better than conventional vitiligo therapies.

"This provides strong support for the future clinical evaluation of piperine and its derivatives as novel treatments for vitiligo," the British media quoted lead researcher Prof Antony Young as saying.

The researchers came to the conclusion after examining the effects of piperine, and its synthetic derivatives, when applied to the skin of rodents, either alone or followed by a therapy involving ultraviolet light.

When used alone, they found that piperine and two of its derivatives stimulated pigmentation to an even, light brown colour within six weeks. Combining the treatment with UVR, the skin became darker still.

The effect was achieved much faster than using UVR treatment alone, and lasted longer. However, the researchers found the combined therapy gave a much more even pigmentation than UVR alone, which can often result in a patchy appearance.

The results of the study have been published in the ‘British Journal of Dermatology’.

Vitiligo is estimated to affect about one in 100 people. Current treatments include corticosteroids applied to the skin and phototherapy using UVR to re-pigment the skin. But, less than a quarter of patients respond to it.

According to Nina Goad of the British Association of Dermatologists, "Vitiligo is a highly visible disease that can greatly affect patients psychologically and emotionally. Any breakthrough in treatments of this disease is most welcome.

"These findings could potentially lead to the development of treatments that not only provide improved results, but could also reduce the need for UV radiation in vitiligo treatment, in turn lowering the risk of skin cancer." (PTI)

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