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Source: http://purikukuror.blogspot.com/2013/03/sulkiness-polyp-computers-and.html
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NEW YORK -- The family of a man who died after allegedly being pushed into the path of a New York City subway train has filed a lawsuit against the city's transit authority.
The lawsuit filed Friday by the family of Ki-Suck Han seeks unspecified damages stemming from his December 3 death. It accuses the Metropolitan Transportation Authority of negligence.
Police say a homeless man admitted pushing Han onto the tracks but said Han was drunk and instigated the confrontation.
Naeem Davis has been charged in Han's death and is being held without bail. His attorney has said Han went after his client.
Earlier on HuffPost:
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JOHN KIRK-ANDERSON/Fairfax NZ
EXPANDING BUSINESS: Airport chief commercial officer Blair Forgie at the Dakota Park development.
Christchurch International Airport Ltd plans a start to $25 million retail development to be known as Spitfire Square in the fourth quarter of this year.
Located off Memorial Ave, the square will bring in yet another revenue stream to the majority council-owned airport company, which has faced significant criticism of its charges for car parking and courtesy van-taxi visits.
Prices charged by retailers on the airport campus, which are tenants of the airport company, have also been held up as too high by airline representative body Board of Airline Representatives (known as Barnz).
The airport now gains 64 per cent of its revenues from non-aeronautical streams or areas not directly linked to airline and passenger charges, its recent half-year result shows.
It wants to increase that non-aeronautical component even further.
The airport reported first-half non-aeronautical income grew 12.2 per cent to $38.8m - about 64 per cent of total first-half revenues of $59.6m.
In the June 2010 year non-aeronautical income formed about 54 per cent of total revenues, and in the June 2008 year only 40 per cent.
"We've had significant growth in the last three or four years," chief commercial officer Blair Forgie said. "Certainly our expectation is that the commercial revenues and the commercial side of our business will continue to grow into the future."
The precinct to be known as Spitfire Square will have 15 stores including bars, cafes, trading banks and an "anchor" supermarket, located off Memorial Ave, in a space between Peter Leeming and Orchard roads, when completed.
"We're very close to finalising an agreement with an anchor tenant for Spitfire Square," Forgie said.
The buildings, with a total floor plan of 5700 square metres, and other square infrastructure had a completion target of late next year, he said.
A Tourism Holdings Maui motorhome business, on airport land, will be demolished to help make way for Spitfire Square which will border on to the Sudima Christchurch Airport hotel site. The motorhome business will move to another site.
"The whole idea of this is to provide services and amenities to those people working on the campus so we'll have things like a post office, a bookstore, maybe a flower shop . . . there will be provision within the development for over 200 car parks," Forgie said.
Nearby the airport plans to offer a 200-bed backpacker hotel, to be located behind Spitfire Square, further up Peter Leeming Rd.
Soon after the damaging earthquakes of 2011 backpackers started using the airport lounges as a temporary home, and there were still some travellers staying in the terminal buildings, Forgie said.
Backpackers accommodation would alleviate this problem.
The airport has chosen a preferred partner as the operator of the accommodation but is still working through "due diligence" on that role.
The airport has been working closely with the "sole right" operators of the Sudima hotel to allow it to bring in backpacker operators onto the wider airport site.
The 208-room Sudima has its own refurbishment redevelopment plans, working to upgrade the hotel to a Qualmark four-star international hotel rating.
Forgie said the airport's non-aeronautical revenues were split into three different components including income from retail space within the terminal, the airport's commercial property portfolio and other assets including car parking and the International Antarctic Centre.
Terminal revenues are increasing as the airport's $237m domestic terminal rebuild project moves towards completion in mid-April. Once passengers get through to a new passenger departure lounge there will be a Relay bookshop and an Iconz food treat and gift shop focusing on retail items with a Kiwi twist.
The airport had received positive feedback on the retail mix, particularly for food and beverage outlets, with a new Coffee Culture shop due to open, Forgie said.
The "South Bar & Cafe" was attracting Christchurch residents willing to travel to the airport for dinner. Near the South Bar, the airport had earmarked 450 square metres of extended retail space for technology, jewellery and apparel stores, plus 300sqm of extra office space for airport tenants.
Down on the ground floor new offerings will soon include a convenience store at the airport's ground-floor regional lounge for turboprop-based flights.
Barnz executive director John Beckett said the airline representative group was concerned that some airport charges in New Zealand, including retail and car parks were higher than they should be and hitting airline passengers.
Barnz had no concern about the airport's drive to increase non-aeronautical revenues from areas such as property parks.
"Some of their commercial activities that are not related to airline passengers we see as very much their business, their matter and we're confident that it is kept separate in the books from the aeronautical business.
"However, there are some businesses that relate to the passengers such as the car parking, charging for taxis, charging the shuttle buses that drop people off, the retail shopping, which are making money out of the passengers."
Car parking is a touchy subject for Christchurch residents, given strict policing of a drop-off and pickup zone.
Russley, Avonhead & Memorial Residents' Association spokesman Geoff Judge said car parking costs were "horrendous".
As a result airline passengers were regularly choosing to park along Memorial Ave, with the gutters full of rubbish left by those airport users.
The airport should "stick to their knitting" in terms of providing a transport hub, Judge said.
"Of course the council's looking for all the revenue it can get, and one of the things is the parking."
More recently the airport had attracted the ire of motel and hotel owners who were "livid" at new airport charges that now means they have to pay $10 a visit to pick up guests in courtesy vans.
But Forgie said as far as general car parking at the airport, there had been no increase in charges since July 2011.
"We've got no plans for any increases in the near future."
He acknowledged there was a perception held by the public that car parking was expensive. To counter that a marketing campaign was planned.
AT A GLANCE
Christchurch Airport's plans include: The Dakota Park commercial property development. A car-parking business, Craddocks. A temporary office park with tenants including House of Travel. Plans to build Spitfire Square retail precinct for bars, cafes and a supermarket. Plans to build a 200-bed backpackers lodge.
- ? Fairfax NZ News
Source: http://www.stuff.co.nz/business/industries/8492768/Airport-plans-25m-retail-centre
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Pakistani Christians pray during a Mass on Good Friday in a church in Islamabad, Pakistan, Friday, March 29, 2013. Christians around the world are marking the Easter holy week. (AP Photo/Muhammed Muheisen)
Pakistani Christians pray during a Mass on Good Friday in a church in Islamabad, Pakistan, Friday, March 29, 2013. Christians around the world are marking the Easter holy week. (AP Photo/Muhammed Muheisen)
Faithful touch a statue of Virgin Mary at the end of a Good Friday procession in Managua, Nicaragua, Friday, March 29, 2013. Holy Week commemorates the last week of the earthly life of Jesus Christ culminating in his crucifixion on Good Friday and his resurrection on Easter Sunday. (AP Photo/Esteban Felix)
Penitents carry a Jesus Christ figure as they take part in a procession of "Santo Cristo" during Holy Week in Bercianos de Aliste, northern Spain, Friday, March 29, 2013. Hundreds of processions take place throughout Spain during the Easter Holy Week. (AP Photo/Andres Kudacki)
Pilgrims walk with crosses as the Northern Cross pilgrimage makes its final leg of the journey to Holy Island, Berwick Upon Tweed, England, Friday, March 29, 2013. For more than 30 years, groups of pilgrims celebrate Easter by crossing the tidal causeway during the annual Christian cross carrying pilgrimage to Holy Island , the pilgrims walk around 100 miles through Northumberland and the Scottish Borders during Holy Week.(AP Photo/Scott Heppell).
Masked penitents from La Santa Vera Cruz brotherhood, right, walks along the way with his assistant, taking part in an Easter procession known as 'Los Picaos' in the small village of San Vicente de la Sonsierra, northern Spain on Friday, March 29, 2013. Penitents, or disciplinants, take part on the procession lashing themselves as an act of faith and penance, a tradition dating from the early 16th century.(AP Photo/Alvaro Barrientos)
Christians in Good Friday processions the world over bear crosses, wounds and prayers over a few blocks or many miles to reenact Jesus' suffering on the path to crucifixion. At the Vatican, Pope Francis lies down in prayer during the Passion of Christ Mass inside St. Peter's Basilica. Hundreds of Christians stream through the cobblestone alleyways of Jerusalem's Old City toward the Church of the Holy Sepulcher, traditionally believed by many to be the site of the crucifixion.
Here are some images of Good Friday around the world.
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MILAN (Reuters) - Fiat's
Fiat, Italy's biggest private sector employer, said Marchionne and another group manager were notified by the public prosecutor of Nola of a preliminary investigation on Friday.
Fiat said the prosecutor's move was "the umpteenth expression of an unprecedented judiciary offensive directed by (trade union) FIOM against Fiat, for more than two years".
The dispute stems from a Rome appeals court ruling last October that Fiat must take back 19 laid-off employees who were members of FIOM and had filed a complaint alleging discrimination.
Fiat, which controls U.S. carmaker Chrysler, has denied several times any wrongdoing.
Back in February, Marchionne said the dispute at the factory had been resolved, taking the heat out of the controversial issue in the country's election campaign.
Politicians and labor leaders criticized Fiat ahead of the February vote for trying to lay off the 19 workers at the factory, in a country mired in recession.
(Reporting By Danilo Masoni; Editing by David Gregorio)
Source: http://news.yahoo.com/fiat-ceo-probed-violation-workers-rights-195043416--finance.html
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By Jim Forsyth
SAN ANTONIO (Reuters) - The U.S. Army on Friday formally declined to award Purple Heart medals to the victims of Major Nidal Hasan's shooting rampage at Fort Hood, saying the move would damage his ability to receive a fair trial.
The Army in a position paper said that awarding the medal to those wounded and posthumously to those killed in the November 2009 attack would 'set the stage for a formal declaration that Major Hasan is a terrorist' because the medal is presented to military members who are 'wounded or killed in any action against an enemy of the United States.'
Hasan, 42, an Army psychiatrist, opened fire on a group of soldiers who were preparing for deployment to Afghanistan, killing 13 and wounding 32 before he was shot and permanently paralyzed by two civilian Fort Hood police officers.
He faces the death penalty if he convicted by a military jury on 13 specifications of premeditated murder. His court martial is set to begin in July.
The Army formalized its ongoing opposition to awarding the Purple Hearts in a position paper responding to language inserted in the Defense Authorization Bill, which would require the Secretary of the Army to award the medal.
Some of Hasan's wounded victims and families of the deceased have filed a federal lawsuit and among the demands is that each of the victims be awarded financial compensation and a Purple Heart.
"U.S. military personnel are organized, trained and equipped to combat foreign, not domestic, forces or threats," the Army wrote. "To expand the Purple Heart award criteria to include domestic criminal acts or domestic terror attacks would be a dramatic departure from the traditional Purple Heart award criteria."
A spokesman for the Secretary of the Army did not return a phone call seeking further comment.
Neal Sher, the New York-based lawyer for the Fort Hood victims, called the Army's claims 'rubbish.'
"This is a cynical travesty," Sher said. "The only thing the government has done is guarantee that anything done to help the victims will effectively impair and prevent Hasan's prosecution. These victims have been given the back of the hand by their government."
The Army says it has the interest of the victims in mind, saying any government declaration that Hasan is a terrorist could mean a delay of another 'year or more' in a trial which has already been pushed back several times by lengthy debates over Hasan's beard and other side issues.
"Such an unprecedented action would thwart the real and lasting measure that will bring closure to the grieving and harmed victims, the trial itself," the Army concluded.
(Editing by Barbara Goldberg and Leslie Gevirtz)
Source: http://news.yahoo.com/army-formally-declines-purple-hearts-fort-hood-shooting-235520037.html
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This week our top game is a deep collecting card battle game called Order & Chaos Duels ? Trading Card Game. In it, players collect cards and battle their friends in live multiplayer engagements. But if that sounds a little too time consuming, we?ve got plenty of other fun games to check out. From cartoon racing games to speed solitaire to an Indiana Jones parody and a pug adventure game, there?s a lot to like in this week?s top games. Have a look!
Fans of collectible card games should take a close look at Gameloft's Order & Chaos Duels ? Trading Card Game. It?s a classic battle of good and evil come to life in a collectible card game. Players create a hero and collect over 250 cards that they can use in live multiplayer battles against other human beings. Order & Chaos Duels also offers up longer quests and adventures for players looking for more than just one-on-one battles. Note that Order & Chaos Duels is free to play but there are in-app purchases for special abilities that enhance gameplay and assist players along the way.
Also on Appolicious
The Indianapolis 500 is one of the world?s oldest auto races. You can learn more about the cars and the people who race them thanks to this Guest Post from Zinio.
Cell-shaded racing games aren?t exactly new but Nitro, developed by Z2, might be the best looking app in the bunch. Aside from its sleek 3-D cartoon visuals, Nitro also boasts real-time multiplayer for up to six racers. For those who prefer their racing in a solitary environment, Nitro also offers players the chance to race against AI baddies called ?The Rivals.? Nitro also features time trials, so you can practice as well as customize cars by upgrading body kits, superchargers, exhausts and spoilers.
If you like your solitaire with a little more urgency and frenzy, Solitaire Blitz from PopCap is the game for you. Solitaire Blitz demands players clear their decks in under 60 seconds. It doesn?t get much more urgent than that! Luckily Solitaire Blitz offers some fun incentives for playing along including different characters for each deck, various awards for in-game achievements, and treasures like rare trinkets and coins to purchase boosts to make Solitaire Blitz even faster. This isn?t your grandma?s solitaire at all, that?s for sure.
In Indiana Stone, you are the boulder. No longer must you run from certain death, instead enjoy the opportunity to be the certain death. Players roll along through locations in Egypt, China and Indiana as they try to crush the Indiana Jones look-alike so eager to escape. The visuals are a retro treat, like playing a game designed with very ugly Lego blocks! Whether you?re playing story mode, a quick roll game, or the endless mode, TwinSky Games's Indiana Stone certainly brings something new to the app game arena.
Downloading Tic Toc's Pug Run seems like a no-brainer, if only to have that adorable app icon on your iPhone homescreen. But the game is pretty interesting, too. Players play as a pencil sketch of a pug named Bogart as he tries to connect with his owner and come to life. The player has to collect pencils and coins to purchase treats for Bogart that will keep him alive and running towards his owner, the young boy who drew him. With a unique art style and fun gameplay, Pug Run is great for gamers of all ages.
Source: http://www.appolicious.com/games/articles/13344-order-chaos-duels-tops-iphone-games-of-the-week
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Source: http://findingredkcd.ods.org/G666-R-SG-Arlington-7-Drawer-Lingerie-Chest-In-Sage/
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In the hierarchy of computing hardware, artificial muscle doesn't really even register: it's usually a target for action, not the perpetrator. The University of Auckland has figured out a way to let those muscles play a more active role. Its prototype Turing machine uses a set of electroactive polymer muscles to push memory elements into place and squeeze piezoresistive switches, performing virtually any calculation through flexing. The proof-of-concept computer won't give silicon circuits any threat when it's running at just 0.15Hz and takes up as much space as a mini fridge, but the hope is to dramatically speed up and shrink down future iterations to where there are advanced computers that occupy the same size as real muscles. Researchers ultimately envision smart prosthetic limbs with near-natural reflexes, completely soft robots with complex gestures and even a switch from digital to analog computing for some tasks. Although we're quite a distance away from any of those muscle-bound ideas becoming everyday realities, it's good to at least see them on the horizon.
Filed under: Robots, Science, Alt
Via: Phys.org
Source: Applied Physics Letters
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/qIhfkYy9N1g/
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Vicki Gilbert sits on stone steps in Wiltshire, England in this undated photo made available by the family on Tuesday, March 26, 2013. In 2010, Gilbert was diagnosed with breast cancer and then found she carries the mutated BRCA1 gene which may make her pre-disposed to ovarian cancer. Gilbert decided to have ovaries removed to prevent the potential onset of further cancer, and her breast cancer is in remission. A huge international effort involving more than 100 institutions and genetic tests on 200,000 people has uncovered dozens of signposts in DNA that can help reveal further a person?s risk for breast, ovarian or prostate cancer, scientists reported Wednesday, March 27, 2013. It?s the latest mega-collaboration to learn more about the intricate mechanisms that lead to cancer. (AP Photo)
Vicki Gilbert sits on stone steps in Wiltshire, England in this undated photo made available by the family on Tuesday, March 26, 2013. In 2010, Gilbert was diagnosed with breast cancer and then found she carries the mutated BRCA1 gene which may make her pre-disposed to ovarian cancer. Gilbert decided to have ovaries removed to prevent the potential onset of further cancer, and her breast cancer is in remission. A huge international effort involving more than 100 institutions and genetic tests on 200,000 people has uncovered dozens of signposts in DNA that can help reveal further a person?s risk for breast, ovarian or prostate cancer, scientists reported Wednesday, March 27, 2013. It?s the latest mega-collaboration to learn more about the intricate mechanisms that lead to cancer. (AP Photo)
This undated photo provided by the family on Tuesday, March 26, 2013 shows Vicki Gilbert in Wiltshire, England. In 2010, Gilbert was diagnosed with breast cancer and then found she carries the mutated BRCA1 gene which may make her pre-disposed to ovarian cancer. Gilbert decided to have ovaries removed to prevent the potential onset of further cancer, and her breast cancer is in remission. A huge international effort involving more than 100 institutions and genetic tests on 200,000 people has uncovered dozens of signposts in DNA that can help reveal further a person?s risk for breast, ovarian or prostate cancer, scientists reported Wednesday, March 27, 2013. It?s the latest mega-collaboration to learn more about the intricate mechanisms that lead to cancer. (AP Photo)
NEW YORK (AP) ? A huge international effort involving more than 100 institutions and genetic tests on 200,000 people has uncovered dozens of signposts in DNA that can help reveal further a person's risk for breast, ovarian or prostate cancer, scientists reported Wednesday.
It's the latest mega-collaboration to learn more about the intricate mechanisms that lead to cancer. And while the headway seems significant in many ways, the potential payoff for ordinary people is mostly this: Someday there may be genetic tests that help identify women with the most to gain from mammograms, and men who could benefit most from PSA tests and prostate biopsies.
And perhaps farther in the future these genetic clues might lead to new treatments.
"This adds another piece to the puzzle," said Harpal Kumar, chief executive of Cancer Research U.K., the charity which funded much of the research.
One analysis suggests that among men whose family history gives them roughly a 20 percent lifetime risk for prostate cancer, such genetic markers could identify those whose real risk is 60 percent.
The markers also could make a difference for women with BRCA gene mutations, which puts them at high risk for breast cancer. Researchers may be able to separate those whose lifetime risk exceeds 80 percent from women whose risk is about 20 to 50 percent. One doctor said that might mean some women would choose to monitor for cancer rather than taking the drastic step of having healthy breasts removed.
Scientists have found risk markers for the three diseases before, but the new trove doubles the known list, said one author, Douglas Easton of Cambridge University. The discoveries also reveal clues about the biological underpinnings of these cancers, which may pay off someday in better therapies, he said.
Experts not connected with the work said it was encouraging but that more research is needed to see how useful it would be for guiding patient care. One suggested that using a gene test along with PSA testing and other factors might help determine which men have enough risk of a life-threatening prostate cancer that they should get a biopsy. Many prostate cancers found early are slow-growing and won't be fatal, but there is no way to differentiate and many men have surgery they may not need.
Easton said the prospects for a genetic test are greater for prostate and breast cancer than ovarian cancer.
Breast cancer is the most common malignancy among women worldwide, with more than 1 million new cases a year. Prostate cancer is the second most common cancer in men after lung cancer, with about 900,000 new cases every year. Ovarian cancer accounts for about 4 percent of all cancers diagnosed in women, causing about 225,000 cases worldwide.
The new results were released in 13 reports in Nature Genetics, PLOS Genetics and other journals. They come from a collaboration involving more than 130 institutions in the United States, Europe, and elsewhere. The research was mainly paid for by Cancer Research U.K., the European Union and the U.S. National Institutes of Health.
Scientists used scans of DNA from more than 200,000 people to seek the markers, tiny variations in the 3 billion "letters" of the DNA code that are associated with disease risk.
The scientists found 49 new risk markers for breast cancer plus a couple of others that modify breast cancer risk from rare mutated genes, 26 for prostate cancer and eight for ovarian cancer. Individually, each marker has only a slight impact on risk estimation, too small to be useful on its own, Easton said. They would be combined and added to previously known markers to help reveal a person's risk, he said.
A genetic test could be useful in identifying people who should get mammography or PSA testing, said Hilary Burton, director of the PHG Foundation, a genomics think-tank in Cambridge, England. A mathematical analysis done by her group found that under certain assumptions, a gene test using all known markers could reduce the number of mammograms and PSA tests by around 20 percent, with only a small cost in cancer cases missed.
Among the new findings:
? For breast cancer, researchers calculated that by using all known markers, including the new ones, they could identify 5 percent of the female population with twice the average risk of disease, and 1 percent with a three-fold risk. The average lifetime risk of getting breast cancer is about 12 percent in developed countries. It's lower in the developing world where other diseases are a bigger problem.
? For prostate cancer, using all the known markers could identify 1 percent of men with nearly five times the average risk, the researchers computed. In developed countries, a man's average lifetime risk for the disease is about 14 to 16 percent, lower in developing nations.
?Markers can also make a difference in estimates of breast cancer risk for women with the BRCA1 or BRCA2 gene mutations. Such women are rare, but their lifetime risk can run as high as 85 percent. Researchers said that with the new biomarkers, it might be possible to identify the small group of these women with a risk of 28 percent or less.
For patients like Vicki Gilbert of England, who carries a variation of the BRCA1 gene, having such details about her cancer risk would have made decision-making easier.
Gilbert, 50, found out about her genetic risk after being diagnosed with the disease in 2009. Though doctors said the gene wouldn't change the kind of chemotherapy she got, they suggested removing her ovaries to avoid ovarian cancer, which is also made more likely by a mutated BRCA1.
"They didn't want to express a definite opinion on whether I should have my ovaries removed so I had to weigh up my options for myself," said Gilbert, a veterinary receptionist in Wiltshire. "...I decided to have my ovaries removed because that takes away the fear it could happen. It certainly would have been nice to have more information to know that was the right choice."
Gilbert said knowing more about the genetic risks of cancer should be reassuring for most patients. "There are so many decisions made for you when you go through cancer treatment that being able to decide something yourself is very important," she said.
Dr. Charis Eng, chair of the Genomic Medicine Institute at the Cleveland Clinic, who didn't participate in the new work, called the breast cancer research exciting but not ready for routine use.
Most women who carry a BRCA gene choose intensive surveillance with both mammograms and MRI and some choose to have their breasts removed to prevent the disease, she said. Even the lower risk described by the new research is worrisomely high, and might not persuade a woman to avoid such precautions completely, Eng said.
___
AP Medical Writer Maria Cheng contributed to this report from London.
___
Online:
Nature Genetics: http://www.nature.com/ng
PLOS Genetics: http://www.plosgenetics.org
Breakthrough Breast Cancer: http://www.breakthrough.org.uk/
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Mar. 27, 2013 ? Highly porous materials known as metal-organic frameworks (MOFs) are showing promise as catalysts and drug-delivery vehicles. Some scientific sleuthing by A*STAR researchers could now help industry to exploit the magnetic properties of MOFs for applications such as biomedical sensors.
The structure of MOFs resembles atomic scaffolding: clusters of atoms containing metal ions are linked together in a three-dimensional lattice by carbon-based aromatic molecules (see image). One particular MOF -- known as HKUST-1 -- has attracted attention because it was unexpectedly found to be ferromagnetic, albeit at the low temperature of -268.45 ?C or less.
Each metal cluster in the material contains a pair of copper ions held together by four carboxylate groups, which contain carbon and oxygen atoms. Each metal ion carries an unpaired electron, which acts like a tiny bar magnet. The magnetic fields of the two unpaired electrons in a cluster would normally oppose each other -- the 'north' of one electron lining up with the 'south' of its neighbor -- negating any overall magnetism. Even if one copper cluster became magnetic, it would have to align with many other clusters throughout the material to produce ferromagnetism. Yet the organic linker molecules hold the clusters too far apart for the clusters to influence each other directly.
An international team led by Shuo-Wang Yang of the A*STAR Institute of High Performance Computing in Singapore and Lei Shen of the National University of Singapore has now solved the mysterious origin of the ferromagnetism2. By modeling the behaviors of ions and electrons in a series of MOFs, the team showed that if a copper ion is absent from a cluster, its carboxylate group will carry an unpaired, magnetic electron instead. Its magnetic field affects itinerant electrons in the MOF's organic linkers, which in turn affect any unpaired electrons in the next copper cluster. If the magnetic message reaches enough clusters, the material as a whole becomes ferromagnetic.
The researchers made a range of MOFs containing the twin copper motif, and found that around 0.57% of the metal ions were indeed missing from the structure -- enough to generate ferromagnetism at low temperatures, they calculated. Such copper vacancies are "inevitable, especially for large organic-metal complex systems such as MOFs," the researchers note.
Yang and co-workers also predicted that a MOF containing a non-aromatic organic linker that blocks the magnetic coupling between two adjacent clusters, and confirmed by experiments that it was not ferromagnetic. The researchers now hope to create new ferromagnetic materials by designing MOFs with deliberate metal-ion vacancies.
The A*STAR-affiliated researchers contributing to this research are from the Institute of High Performance Computing.
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By Tarek Amara
Tunis (Reuters) - The fugitive leader of a radical Islamist group threatened on Wednesday to overthrow Tunisia's government, one day after the prime minister accused him of smuggling weapons into the North African country.
Saif-Allah Benahssine, leader of radical Islamists Ansar al-Sharia, said in a statement on its web page that he would topple Prime Minister Ali Larayedh and throw him into the "dustbin of history" if the government interfered with the group.
Larayedh told French daily Le Monde on Tuesday that Benahssine, whose Salafist organization wants to impose a puritanical form of Islam, was responsible for smuggling in weapons seized by security forces.
Security forces have clashed several times in recent months with militants trying to bring weapons from Algeria and Libya.
Police also seized two big weapons caches in the capital Tunis last month. Last December, Laryedh said police arrested 16 Islamist militants who had been hoarding arms with the aim of creating an Islamic state.
Wednesday's statement was the first time that Benahssine has threatened to overthrow the government.
Also known as Abu Iyadh, Benahssine is wanted by police for allegedly inciting an attack on the U.S. embassy in September. Four people were killed in the disturbances, which began as a protest over a film that mocked the Prophet Mohammed.
The government is led by the moderate Islamic Ennahda Movement, which won the country's first free elections on October 2011 following Tunisia's revolution, the first of the "Arab Spring" revolts.
Tunisian police blamed a Salafist for the assassination of secular opposition politician Chokri Belaid on February 6, which provoked the biggest street protests in Tunisia since the overthrow of strongman Zine al-Abidine Ben Ali two years ago.
Salafists want a broader role for religion, alarming secular elites who fear they seek to impose their strict views at the expense of individual freedoms, women's rights and democracy.
President Moncef Marzouki also said last week that young Tunisians who return home after fighting in the war in Syria were a threat to security.
(Reporting by Tarek Amara; Editing by Jason Webb)
Source: http://news.yahoo.com/islamist-leader-threatens-oust-tunisian-prime-minister-202256353.html
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The Dell Latitude 10 Enhanced Security ($1,028.59 direct bundle, $779 alone) tablet joins its mainstream sibling in the quest for the perfect business Windows 8 tablet. As its name suggests, the Latitude 10 Enhanced Security adds physical security locks to the Editors' Choice-winning business tablet. The Latitude 10 series is notable as being the only tablets on the market with removable batteries and a laser-straight business focus. The Enhanced Security model joins its fraternal twin on the podium as our Editors' Choice for business tablets.
Design and Features
The Latitude 10 Enhanced Security is a very compact tablet, with a 10.1-inch IPS (In-Plane Switching) capacitive touch screen. The frame is made of magnesium alloy, but the exterior is covered in a soft-touch material. The front of the tablet is a seamless piece of Gorilla Glass. The Latitude 10 measures about 11 by 7 by 0.52 inches (HWD) and weighs 1.6 pounds with the standard battery, making it very portable. The bottom of the system has a micro-USB port which can be used to charge the unit if you don't have the supplied charger that plugs into the docking port. This makes it very handy if you forget your Dell charger at work but still have the micro-USB charger for your phone.
Around the other three sides, you'll find a full-size USB 2.0 port, an SD card reader, volume control, power button, mini-HDMI port, and a Kensington lock port. Unfortunately, the USB port isn't the speedier USB 3.0, but it will fully power external hard drives, something that can't be said about one of Dell's rivals, the Lenovo ThinkPad Tablet 2 ($729 list).
The Enhanced Security model is almost identical to the mainstream Dell Latitude 10 we looked at recently, at least from the front. From the side, you'll notice that the Enhanced model is a bit thicker at the top. The top of the tablet holds the system's added smart card and biometric fingerprint reader. The smart card lets a user present electronic credentials to your servers, network domain, and applications. The fingerprint reader is situated so that you can swipe your index finger on the reader when you're holding the tablet without moving the rest of your hand. Both are convenient, or at least as convenient as can be when you have extra layers of security due to corporate policy. The Latitude 10 Enhanced Security comes with TPM 1.2, Dell Data Protection | Access, and support for Microsoft BitLocker. Basically, the Latitude 10 Enhanced Security is ready for many government offices, health care, and academic security policies.
The IPS screen has a 450-nit rating and a 1,366-by-768 resolution. This makes it bright, but the resolution is lower than true 1080p HD. This means that the screen natively displays less pixels than the Editors' Choice for Windows 8 Slate tablets, the Microsoft Surface Pro ($999 list), which has a 1080p screen. That said, at this size, 1,366 by 768 is perfectly adequate for viewing Word, PowerPoint, and other work documents.
You can drive a 1080p external monitor using the Latitude 10 Enhanced Security 's mini-HDMI port or via the system's productivity dock. The $100 productivity dock comes with four more USB 2.0 ports, HDMI, audio, Ethernet, and power connector. The Latitude 10 supports dual-monitors, whether you connect directly or use the HDMI port in the dock. Like most Windows 8 setups, spanning and mirroring dual displays are supported. The front mounted webcam is 720p HD/2MP, and the rear camera with flash is 8MP.
The Latitude 10 Enhanced Security's screen supports 10-finger touch gestures, and you can add a $34 Wacom stylus to your purchase. The Wacom stylus supports pressure sensitivity, right click, and erase. This is similar to the Microsoft Surface Pro's stylus, and is actually better than the Lenovo Tablet 2's stylus, which lacks the eraser function. The stylus even has a pocket clip. When you bring the stylus tip near the screen, it activates the Wacom digitizer and disables the touch screen. This way it won't register your hand or palm when you try to draw on the Latitude 10 Enhanced Security's screen. It would have been nice to have a way to clip the stylus to the Latitude 10 directly, but you can use a case or your pocket to store the stylus when it's not in use.
Our review unit also came with a $50 Dell KM632 wireless keyboard and mouse combo, extra $50 power adapter, and a $55 60Whr extended battery from Dell, bringing the bundle total to $1,028.59. The external keyboard and mouse help the Latitude 10 act more like a desktop when plugged into its docking station, and we'd recommend the dock if you work from a desk for significant periods of time. Keeping an extra power adapter in your travel bag will help keep your tablet charged, as will the extended battery. This highlights one of the Latitude 10's biggest differentiators among its rivals: It uses replaceable batteries, bucking the sealed battery trend popularized by the Apple iPad and continuing through the HP Envy X2 and Acer Iconia W510-1422. As seen below, the extended battery can give you more power without the added bulk of a keyboard dock.
The Latitude 10 Enhanced Security has two storage options: 64GB and 128GB of flash storage. You can, of course, supplement this with a SD card, but you will need to choose wisely when initially equipping your tablet. When we took the Latitude 10 out of the box, Windows reported that it had 33.4 out of 51.1 GB free. This is certainly enough for a few corporate apps with some room left over for document storage, but you should consider getting the 128GB model if you need to carry lots of video files along in your journeys. That said, you can of course store your files on your company's servers. If your company is setup for remote computing, you might even be able to use an app server, forestalling the need to keep anything local on your tablet. You can get to those servers via 802.11 a/b/g/n Wi-Fi or using the HSPA+/3G WWAN radio in our review unit. 4G LTE is available as an option in place of of HSPA+ or you can buy a Wi-Fi only model, but the 4G LTE and Wi-Fi-only models will not have the GPS circuitry found in our review unit.
As befits a corporate-oriented system, the Latitiude 10 didn't come with any pre-loaded apps aside from Skype and a tile from Dell showing users how to get started with Windows 8. This helped with the Latitude 10's free space, which was a bit better than the 28GB left free on the Acer Iconia Tab W510. The Latitude 10 comes with a one-year standard warranty, which can be extended to three years with options including pro-level 24/7 support.
Performance
You wouldn't expect barn-burning multimedia benchmark results from a system with 2GB of memory and an Intel Atom Z2760 processor, but on the flip side the Atom processor is very frugal with battery consumption. The Latitude 10 scored relatively high on CineBench R11.5 (0.55 points), matching the HP Envy X2. It also had one of the better Atom-based scores on our Handbrake video encoding test (6:27). Its 1,291 point score on PCMark 7 was middling, far behind the Microsoft Surface Pro (4,768 points) and its ultrabook-class competitors. Basically, if you need a fast system, go with one of the ultrabook-class slates like the Surface Pro or Acer Iconia W700.
If you need Windows program and Windows corporate network compatibility with all-day computing, then the Latitude 10 is right up your alley. The Latitude 10 lasted 9 hours, 20 minutes on our battery rundown test using the standard slim 30WHr battery; it lasted a phenomenal 19:38 using the extended 60WHr battery. The HP Envy X2 fell far behind with and without its battery-clad keyboard dock (7:08/12:34), and the Acer Iconia W510 was a bit better alone (10:27), but was short with its keyboard battery dock (17:50). All of these Atom-powered systems lasted many hours longer than ultrabook-class tablets like the Microsoft Surface Pro (4:58) and Sony VAIO Duo 11 (3:09). The only drawbacks to the extended battery are that the battery sticks out of the back of the Latitude 10 by a few mm, and add a bit of weight (taking the weight of the system to 1.92 pounds total). That said, the Latitude 10 is still much more portable than the three-pound HP X2 and Acer W510 when you clip on their keyboard docks.
The Dell Latitude 10 Enhanced Security simply adds to the general effectiveness and security of the mainstream Dell Latitude 10. The smart card and fingerprint readers are there for the many companies that require an extra physical layer of security from its workers. All the other benefits still apply: portability, all day all night battery life, Windows 8 compatibility, removable batteries, and general IT-friendly features. The IT buyer in your company will be more likely to approve a secure Windows 8 and Intel-powered tablet instead of rolling out less secure Android or iOS tablets. The Dell Latitude 10 Enhanced Security shares the Editors' Choice for business Windows 8 slate tablets with its almost identical brother, the Dell Latitude 10.
BENCHMARK TEST RESULTS
COMPARISON TABLE
Compare the Dell Latitude 10 Enhanced Security with several other laptops and tablets side by side.
More laptop reviews:
??? Lenovo IdeaPad Yoga 11
??? Dell Latitude 10 Enhanced Security
??? Lenovo IdeaTab Lynx K3011
??? Dell Inspiron 17-3721
??? Dell XPS 13-MLK
?? more
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Last week, we published a case study about Baked in The Sun, a wholesale bakery and distributor that is trying to decide how best to comply with the Affordable Care Act. Starting in January, the new law requires businesses with 50 or more full-time employees to offer health insurance or pay a penalty. Owned by Rachel Shein and Steve Pilarski, husband and wife, the company employs nearly 100 workers to bake and deliver freshly made pastries to coffee shops, hospitals and hotels in Southern California.
Baked in the Sun has offered health insurance to its employees in the past but many are young and healthy and have preferred to keep more money in their paycheck, rather than contribute to a health plan. Soon, though, almost all workers will have to carry health insurance ? through their employer, a government exchange or other source ? or pay a penalty. And, as the case study discussed, Ms. Shein and Mr. Pilaski are trying to decide whether they will offer health insurance, pay a penalty or outsource enough work that they can reduce their head count below 50 and be exempt from the law.
The article elicited lots of comments and strong opinions, as well as reports in other media outlets, including CNBC, which included Ms. Shein in a panel discussion about her company?s situation. Some readers argued that Baked in the Sun has a moral obligation to offer coverage. Others argued for a single-payer system that would allow owners to stop worrying about health insurance and focus on running their businesses.
Andrew Greenblatt, a senior vice president at Benestream, which helps low wage employees apply for government benefits, pointed out that under the Affordable Care Act, Medicaid has been expanded to cover families earning up to 138 percent of the poverty level, which means that workers who make minimum wage, especially single parents, may qualify.
And Alan Cohen, chief strategy officer for Liazon, a private insurance exchange for companies, suggested in a comment that many employees will be better off if the bakery chooses not to offer insurance and instead pays the government penalty. That?s because the employees would be likely to qualify for a subsidy at a government exchange that would allow them to insure their whole family ? but only if their employer does not offer health insurance.
Of course, because neither the minimum level of coverage, nor the costs to all the insurance options have been finalized, lots of uncertainty remains. We contacted Ms. Shein for a follow-up conversation that has been condensed and edited.
Q.
A number of readers suspect that you are underestimating how much it would actually cost to insure your employees. Have you taken another look?
A.
The insurance plans are still under development. My broker recently found one that was less than what I had found, but I?m not sure anyone knows what the final rules and prices will be.
Q.
Have you thought any further about how many of your employees will actually sign up for insurance if you offer it?
A.
In the short run, when the individual penalty is low, there might not be much participation. We plan to have a meeting with our employees to see what kind of insurance they might want and which of them might be covered elsewhere.
Q.
Did this discussion have any impact on your thinking about whether you will pay the penalty or offer insurance?
A.
The employees will all have access to health insurance whether we provide it, or we pay the penalty and they purchase it using a subsidy on the government exchange. We need to look at all the costs and tax implications and do whichever is least expensive for the business.
Q.
Are there any reader questions you want to answer?
A.
Some readers claimed it was a moral imperative to provide insurance ? but all employees will have insurance under the law.
Q.
Some readers thought your profit margin was too low and questioned how well your business was doing. What was your reaction?
A.
Like many entrepreneurs we have great years where we can take vacations and put money into our kids? college funds. Some years are leaner.
Q.
Do you think your customers would pay a few more cents for your baked goods ? especially if it allows you to offer your employees health insurance?
A.
Our products are unbranded and sold in hundreds of outlets so it would be hard to educate consumers about our employment practices. And the popularity of Wal-Mart shows that most consumers just want the best price.
Q.
You suggested in the article that you might have to raise your prices 4 percent to cover the cost of providing health insurance. But 4 percent of $8 million ? your annual revenue ? is $320,000. That?s a lot more than you estimated the cost of insurance. Couldn?t you just raise your prices 2 percent?
A.
Yes, a 2- to 3-percent increase could cover the costs, but it?s a low margin business and pennies matter so we like to build in some buffer.
Q.
Would you favor a single-payer system?
A.
I am in favor of a system that doesn?t penalize a business for being successful and able to hire more than 50 people and doesn?t deter us from wanting to grow. I am in favor of a system where everyone pays in, and everyone is covered. If that is a single-payer system, I?m for that.
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Secretary of State John Kerry arrives in Paris, Tuesday, March 26, 2013. Kerry went to Paris for talks with French officials about aid to the Syrian opposition and the situation in Mali. (AP Photo/Jason Reed, Pool)
Secretary of State John Kerry arrives in Paris, Tuesday, March 26, 2013. Kerry went to Paris for talks with French officials about aid to the Syrian opposition and the situation in Mali. (AP Photo/Jason Reed, Pool)
Secretary of State John Kerry presents a birthday cake to traveling CBS correspondent Margaret Brennan, right, during a flight from Kabul to Paris, Tuesday, March 26, 2013. Kerry went to Paris for talks with French officials about aid to the Syrian opposition and the situation in Mali. (AP Photo/Jason Reed, Pool)
Secretary of State John Kerry presents a birthday cake to traveling CBS correspondent Margaret Brennan, right, on a from Kabul to Paris, Tuesday, March 26, 2013. Kerry went to Paris for talks with French officials about aid to the Syrian opposition and the situation in Mali. (AP Photo/Jason Reed, Pool)
PARIS (AP) ? U.S. Secretary of State John Kerry is in Paris for talks with French officials about aid to the Syrian opposition and the situation in Mali.
Kerry arrived in the French capital Tuesday on the last leg of a five-nation trip that also took him to Israel, the Palestinian Authority and Jordan with President Barack Obama and then on his own to Iraq and Afghanistan.
He will see the French foreign minister on Wednesday. France is one of several European nations that would like to send military aid to the Syrian rebels. It also has been urging the U.S. to boost its assistance.
Kerry will also meet with French business leaders and entrepreneurs to discuss how to promote economic growth and create jobs on both sides of the Atlantic, said State Department spokeswoman Jennifer Psaki.
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Everybody loves Flipboard, right? If you're a fan like us, rejoice -- your favorite social magazine just got a whole lot better. Today Flipboard for iOS is receiving a major update that will let you create and curate your very own magazines. It also brings a boatload of other improvements to the table including a content partnership with Etsy. An update to the Android version will follow shortly. We were able to take the new version of Flipboard for a spin and get a demo from CTO Eric Feng. Hit the break to dive into the details and watch our hands-on video.
Filed under: Cellphones, Tablets, Internet, Mobile, Apple, Facebook
Source: Flipboard (iTunes App Store)
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By Lawrence Hurley
WASHINGTON (Reuters) - For the second day running, the Supreme Court on Wednesday will confront the issue of gay marriage, hearing arguments on a U.S. law that denies federal benefits to legally married same-sex couples.
Almost two hours of oral argument before the court will focus on the Defense of Marriage Act (DOMA), just a day after the nine justices considered the constitutionality of California's Proposition 8 ban on gay marriage.
Both cases come before the court as polls show growing support among Americans for gay marriage but division among the 50 states. Nine states recognize it; 30 states have constitutional amendments banning it and others are in-between.
Rulings in both cases are expected by the end of June.
DOMA limits the definition of marriage as between a man and a woman. It permits benefits such as Social Security survivor payments and federal tax deductions only for married, opposite-sex couples, not for legally married same-sex couples.
President Bill Clinton signed DOMA into law in 1996 after it passed Congress with only 81 of 535 lawmakers opposing it. Clinton, a Democrat, earlier this month said that times have changed since then and called for the law to be overturned.
In the California case argued on Tuesday, the justices seemed wary of endorsing a broad right for gay and lesbian couples to marry, as gay rights advocates had wanted. As a result, the Proposition 8 case is less likely to influence how the court approaches DOMA, which presents a narrower question.
The slightly lower-profile case being argued Wednesday focuses on whether Edith Windsor, who was married to a woman, should get the federal estate tax deduction available to heterosexuals when their spouses pass away.
Windsor's marriage to Thea Spyer was recognized under New York law, but not under DOMA. When Spyer died in 2009, Windsor was forced to pay federal estate tax because the federal government would not recognize her marriage. She sued the government, seeking a $363,000 tax refund.
Windsor's lawyers say the federal government has no role in defining marriage, which is traditionally left to states.
"It's the states that marry people," said James Esseks, an American Civil Liberties Union lawyer who is part of Windsor's legal team. "The federal government doesn't do that."
The roughly 133,000 gay couples nationwide, married in one of the nine states where it is legal, are not recognized as married by the federal government, Windsor's supporters say.
Various groups are calling for DOMA to be struck down, such as the Business Coalition for DOMA Repeal, whose members include Marriott International Inc, Aetna Inc, eBay Inc, and Thomson Reuters Corp, the corporate parent of the Reuters news agency.
OBAMA TURNS BACK ON DOMA
The Obama administration has agreed with Windsor that the section of law that defines marriage violates the U.S. Constitution's guarantee of equal protection under the law. The Justice Department has therefore declined to defend the statute, as it normally would when a federal statute is challenged.
That has left a legal group acting on behalf of the Republican-dominated U.S. House of Representatives, known as the Bipartisan Legal Advisory Group, or BLAG, as the party defending the federal law. Its lawyer, Paul Clement, will argue that there are several reasons to support Congress' decision to enact DOMA.
Noting the strong bipartisan support the law attracted when it was first enacted, Clement said in court papers that a move to strike it down as unconstitutional "would be wholly unprecedented."
Before the court reaches that bigger question, preliminary matters could prevent the court deciding the case. One is whether BLAG has legal standing.
If such a procedural issue prevents the court from deciding the case on the merits, Windsor would win her refund. Yet DOMA would remain on the books in parts of the country where courts have not ruled on it. Further litigation would likely ensue.
(Editing by Kevin Drawbaugh and Cynthia Osterman)
Source: http://news.yahoo.com/supreme-court-next-gay-marriage-case-eyes-federal-050121766.html
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CoreLogic?, a leading residential property information, analytics and services provider, and Metropolitan Regional Information Systems (MRIS?) recently announced an agreement to integrate products and services from RealEstate Business Intelligence (RBI?) into Realist?, the leading public record solution for real estate professionals. RBI is a subsidiary of MRIS that provides real estate data, analytics and business intelligence solutions.
Beginning in April 2013, Realist customers will have direct access to RBI?s interactive charts, in-depth statistical reports and creative marketing solutions, substantially upgrading Realist?s analytical capabilities. Combining MLS data with Realist?s comprehensive national tax database and RBI?s data visualization and social marketing capabilities has created a unique research tool that more clearly illustrates real estate market trends.
?The explosion of real estate content on the Internet means homebuyers and sellers are well aware of trends and developments in the marketplace,? says MRIS President and CEO David Charron. ?As a result, real estate professionals need deeper market knowledge and insight in order to serve their customers effectively and stay a step ahead. We believe this new research tool will present a formidable resource for our customers?and for America?s one million real estate professionals.?
The agreement marks the first time RBI solutions have been made available outside the RBI customer base, which expanded in 2012 to include My Florida Regional MLS and Arizona Regional MLS. CoreLogic customers will have the option to subscribe to rbiEXPERT, the premium RBI market intelligence package, at either the individual user level or as an MLS-wide site license. CoreLogic and MRIS have also agreed to integrate RBI tools with other popular CoreLogic applications, such as the InnoVia? MLS system.
?Extending our business relationship with MRIS provides a rare opportunity for customers of CoreLogic and RBI,? says Chris Bennett, vice president of Real Estate Solutions for CoreLogic.
?This relationship between two leaders in real estate analytics promises to create a whole new generation of statistical solutions for our users. We are just starting to explore all the ways we can combine our technologies.?
For more information, visit www.corelogic.com and www.MRIS.com.
Copyright? 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Source: http://rismedia.com/2013-03-23/corelogic-and-mris-integrate-market-analytics-for-first-time/
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JALALABAD, Afghanistan (Reuters) - Taliban suicide bombers killed at least five policemen in Afghanistan's restive east on Tuesday, officials said, in a three-hour attack that coincided with a visit to the country by U.S. Secretary of State John Kerry.
The pre-dawn attack on a police compound in Jalalabad, eastern Afghanistan's largest city, came as the country braces for the beginning of the spring fighting season in the 11th year of the war.
One attacker detonated an explosive-laden car at the entrance of the Afghan National Police compound in a bid to let other attackers inside, provincial police chief Amin Sharif said.
"Three suicide bombers triggered their explosive vests and five were shot dead," he told Reuters, adding that five policemen were killed and four wounded.
Amin said the attackers were armed with rocket-propelled grenades and light machineguns, sparking a three-hour battle with Afghan security forces. Six civilians were wounded.
Kerry was in Kabul to discuss transfer of security to the Afghan forces, as most U.S.-led NATO combat troops prepare to leave by the end of next year.
Taliban spokesman Zabihullah Mujahid claimed responsibility for the attack in a text message.
(Reporting by Mohammad Rafiq; Writing by Hamid Shalizi and Dylan Welch; Editing by Nick Macfie)
Source: http://news.yahoo.com/taliban-suicide-bombers-kill-five-afghan-police-kerry-053550409.html
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Hiding in a hollow tree, I know you hear me,I can taste it in your tears." -My Last Breath, Evanescence
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Dunia delivered net revenues of Dhs281m in FY 2012, up 37% on the previous year, and net profit of Dhs73m, which builds on the company's first full year of profit in 2011.
FY 2012 was marked by further growth momentum, with revenue and profit growth driven by Dunia's success in acquiring new customers, deepening relationships, driving cross-sell and focusing on providing world class service in line with its commitment to delivering value by building deeper, and more focused relationships.
The strength of this customer-centric strategy is illustrated by a 28% increase in total customer numbers, which in turn has led to a strong growth in customer assets of 36% to Dhs757m and a commensurate growth in customer deposit balances, which are up by 71% in the period versus the previous period, reaching Dhs414m as compared to Dhs242m in FY 2011.
The highlight of Dunia's robust balance sheet lies in its granularity, both on the asset and liabilities side, which helps ensure predictability of growth.
Despite a challenging macro-environment, Dunia's business fundamentals continue to trend positively, reflecting a well-designed customer focused and service driven strategy, which has led to strong process control elements and strategic risk management focus, which in turn enables it to be a low cost provider.
Together with strong customer revenue growth momentum, and a controlled strategic cost management approach, Dunia continues to deliver very positive operating leverage of 35% during the year. This helps ensure predictability and profitability of operations, which is critical for sustaining the growth momentum ahead. Dunia's cost-income ratio also has shown healthy improvement, to 48% from 65% in the prior year, highlighting greater efficiency in its operations.
Dunia's prudent strategic risk management focus is reflected in its lower cost of credit by 6% over prior year, while ensuring a healthy and adequate impairment provision of 4% of customer assets, which is substantially ahead of the regulatory requirement. This is reflective of a very healthy and robust customer balance sheet.
Dunia's capital adequacy stood at 32% at the end of FY 2012, which is significantly higher than the regulatory requirements of 15%, and underlines the company's focus on sound risk management principles and overall standards of governance. Cash and cash equivalents also grew over the period to Dhs46m reflecting prudent liquidity management.
Rajeev Kakar, Executive Director and CEO, said, "We are delighted to share the good news that Dunia once again delivered record financial performance in 2012 as it has done in previous years. While the business continues to grow in terms of profitability and customer numbers, we are particularly happy to share that our Dunia brand is now stronger, and even better recognized for our unique service standards."
"We continue to invest for the future, in line with our commitment to go the extra mile for our customers, and to keep developing our talent to effectively deal with the challenges and opportunities ahead, while ensuring predictable, sustained growth," he added.
Source: http://www.ameinfo.com/dunia-finance-llc-2012-financial-results-333765
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