Category Archives: En-GeneralNews
Je devine que ceux qui viennent des Iles Comores nous disent que les choses s’ameliorent, mais le danger est que les sortants ne font que parler, font beaucoup de bruit sans rien faire.. Et si on se taise et on laisse les actes parler.. Mon plan s’est de miser sur les technologies modernes, lancer la ville Virtuelle de Seleani et avoir un access satelitaire dans la region. c’est pas facile mais realisable.. d’ailleurs le plan electronique que SeleaniNews a mis en marche se passera en 3 par 3 ans de strategie. dans 2 ans on navigera Internet qu’aller demander ailleurs.. dans 1 ans, les Multimedias vont changer les donnees des Iles et je devine que Selani doit avoir ses mots.. ne soyons pas trop techniques, mais plutot tres pratiques, les erreurs de nos predecesseurs doivent etre des references pour aller de l’avant..
The problem isn’t opportunity, he said. It’s India.
“Every large investment, there was no transparency,” Piramal said.
His dilemma is a worrying sign for India. With the country mired in corruption, bureaucratic red tape and unclear and changing government policies, many of the men who made their billions here are saying maybe it’s time to quit India. It’s got to be easier to do business elsewhere.
In May last year, Piramal’s healthcare business sold its generic drug operations to U.S. pharmaceutical giant Abbott Laboratories for $3.8 billion. Piramal, a tall big man in a country that still measures prosperity by girth, was eager to set that cash pile to work. He wanted to expand one of his chemical plants, but was told it would take five years.
“The same plant could be set up in China in two years,” he said. “I love India, but my customer is not going to wait.”
India, still a beacon of relatively fast growth despite a troubled world economy, should be a magnet for capital. Instead, since the beginning of 2010, the amount that Indians have invested in businesses overseas has exceeded the amount foreigners are investing in India, according to central bank figures.
In part this reflects the confidence and aptitude of India’s maturing companies and the current malaise in the global economy and financial markets. But it also reflects deep problems at home. India’s big coporations may be cash rich but the failure to invest that money domestically is bad news for a developing country that needs capital to build the roads, power plants and food warehouses that could help lift hundreds of millions out of dire poverty.
The frustration of India’s business elite with corruption, political paralysis, log-jammed approvals, regulatory flip-flops, lack of access to natural resources and land acquisition battles — to pick a few of the top complaints — has reached a pitch perhaps not heard since India began liberalizing its economy in the early 1990s.
“If you are an honest businessman in India, it’s very difficult to start up anything,” said Jamshyd Godrej, chairman of manufacturing giant Godrej & Boyce. “Companies are going to operate where they see the best opportunities and efficiency for their capital.”
Increasingly, that’s outside India.
In 2008, foreigners poured roughly twice as much direct investment into India — $33 billion — as Indians plowed into businesses overseas. By 2010, that had reversed: Indians invested $40 billion abroad — twice as much as foreigners invested in India — a trend that’s continued this year.
There is another, unspoken element to all the complaints. To the extent that business in India ran on corruption, some of the old, dirty ways of doing things are being disrupted, freezing India’s already glacial bureaucracy, business leaders say.
Scandals in the staging of the Commonwealth Games, the pilfering of homes meant for war widows and the irregular auction of cellphone spectrum that cost the country billions has sent parliamentarians and even a Cabinet minister to prison.
With Indians tiring of the incessant graft, tens of thousands of middle-class protesters poured into the streets and pushed an anti-corruption bill onto the floor of Parliament.
Steelmakers can’t get enough iron ore because a massive mining scandal in the southern state of Karnataka prompted a court to order the closure of illicit mines that account for a fifth of iron ore production in the country.
The bureaucrats — even the honest ones — are reportedly so scared of being punished they are refusing to make the decisions needed to make the country run.
Piramal is not unpatriotic. Each room in his executive suite is named after an Indian epic hero: Arjuna, the most pure; Dhananjay, acquirer and master of wealth. There’s a quote from the Upanishads scriptures on the wall.
His office sits in a one million square foot office park in Mumbai his family built. The buildings around him — white with blue glass that flashes back the unforgiving sun — bear his own name in large black letters: Piramal Towers.
Piramal had the will and the means to build power plants and roads.
Instead, his Piramal Group’s largest investment to date has been in one of the office park’s tenants: the Indian subsidiary of the British telecom giant Vodafone Plc.
Last September, when he got the first payout, of $2.2 billion, from Abbott, the phone started ringing.
“Because people knew we had money, we had so many people approaching us for projects in the infrastructure sector,” he said. “These people had no experience and no knowledge and no track record of having built a business in any area. And yet they were coming to us saying we have licenses and approvals. That just didn’t sound right or smell right.”
Each day, they paraded through his office: The investment banker who decided to build a 500 megawatt power plant, the coal trader assured of a government coal allocation, small-time miners with pretty presentations promising land, licenses and financing.
“They’d name politicians from the center and the state who had it all tied up for them,” he said. “It didn’t sound right. Obviously there were things going on in the system.”
Road and port projects weren’t much better, he said.
Piramal also looked at investing in engineering and infrastructure services companies, but couldn’t make sense of their books.
“We couldn’t find anything,” he said. “People get greedy. In their desire to get good valuations they resort to, if I can say, creative accounting.”
Today, India’s infrastructure companies are known as great wealth destroyers.
“Infrastructure investment has become untouchable, a sure way of losing money,” said Jagannadham Thunuguntla, head of research at SMC Global Securities. He calculates that four of India’s top infrastructure companies — GMR Infrastructure, GVK Power and Infrastructure, Lanco Infratech and Punj Lloyd — have lost over 80 percent of their value since 2007. A fifth, Larson & Toubro is down 50 percent.
Piramal may have dodged a bullet, but shareholders in Piramal Healthcare aren’t happy. Despite a $600 million special dividend and share buyback, the share price has sagged since the Abbott deal was announced on May 21 last year. They’d like to see the Abbott cash productively deployed. Instead, much of it is sitting in fixed deposit accounts.
Piramal said he really does want to run a pharmaceutical company and be the first Indian company to discover a world-class drug — despite his dabbling in telecom, financial services and real estate financing. It’s just that pharma can’t absorb all his cash. He plans to sell the 5.5 percent stake he picked up in Vodafone Essar for $640 million in a few years, when Vodafone Essar issues shares in an initial public offering, he said.
He has also launched Piramal Capital, to make real estate and infrastructure loans, and spent about $50 million to acquire IndiaReit, a real estate investment company.
Meanwhile, his thoughts have turned to Boston, where he set up IndUS Growth Partners with a professor from Harvard Business School to look for buying opportunities in the U.S., in security, financial services and biotechnology. And he said he’s still planning to spend over a billion dollars on biotechnology acquisitions in North America and Europe.
“India was going more towards capitalism than socialism,” Piramal said. “I think we’re going back. Capitalism went to too much excess. Corruption levels went to the extreme.”
He said he’ll announce his first overseas acquisition by March.
In a new report, Morgan Stanley analysts Chetan Ahya, Derrick Kam and Jenny Zhang write that they expect consumption to show resilience in China, while Indian consumption moderates.
In China, private consumption’s share of GDP fell to 34% in 2010, from 45% in 2001. In the past year, discretionary spending was checked by tighter monetary policy and higher inflation. Lower growth and inflationary woes will continue to impact the Chinese consumer for the next few months. But these pressures are expected to ease in the second half of 2012, as the Chinese government implements structural reforms which include steadily increasing minimum wages and lowering taxes. Morgan Stanley analysts cite three main reasons for this change:
- Consumption growth is expected to be driven by wage growth – “The government aims to grow household disposable incomes (wages) at a pace that at least matches nominal GDP growth.”
- The government is pushing for affordable social housing which will eventually drive consumption, as consumers begin to feel more secure about their homes.
- Disposable income is expected to free up as the government improves social security and works towards extending social services like public education, healthcare, and housing for more residents.
Meanwhile, Indian domestic consumption is expected to moderate. After the credit crisis, the Indian government increased its expenditure to GDP by 4 percentage points and most of it went towards boosting household consumption. It also increased rural wages, which have posted a 27% compound annual growth rate (CAGR) over the last three years. From Morgan Stanley:
“We believe that fiscal transfers have boosted rural household incomes and allowed rural consumers to raise their consumption levels. However, the macro feedback in terms of high and persistent inflation suggests that the boost to consumption growth will not be sustainable. Moreover, we expect the fiscal support to rural consumption to be gradually withdrawn.
…Signs of weaker rural consumption growth have already emerged. According to media reports (Business Standard), companies reported a slowdown in the rural sales of fast- moving consumer goods and household appliances in November, traditionally a good month for rural sales.”
This new theory which says Earth’s gravity captures these tiny asteroids as they pass near the planet on their way around the sun.
When one of them is drawn in, it typically makes three irregularly shaped swings such as huge doughnuts around Earth for a while and then hurtles on its way.
Scientists claim that little attention has been paid to Earth’s natural satellites other than the moon, despite the fact that they are sure to exist.
“There are lots of asteroids in the solar system, so chances for the Earth to capture one at any time is, in a sense, not surprising,” said co-author and astronomer at the Paris Observatory in France Jeremie Vauballion.
The group says the temporary asteroids have orbited Earth for about a year starting in June 2006 when an object, labeled 2006 RH120, was discovered by the Catalina Sky Survey in Arizona and estimated to be between 3 and 6 meters wide.
“The 2006 RH120 was probably discovered because it was slightly larger than most of the other ‘temporary moons’ that later have come into our planetary system as most of them are only about 1 meter wide,” scientists say.
After achieving the phase #1 of practical blogging on Seleani.com, it is the decision time to move into the direction of Non-Profit Portal that we will work on global voluntary social computing, without any commercial advertisement to this tough World where people are mind-controlled by growing need of surviving. In every generation there will be risen ones above the crowd to reveal the truth of our ages. This individualism concept drives us to come up with a way out of the chaos and confusion that surrounds us; at this moment, in this time, on the name of freedom. Read the rest of this entry
The photo, which the 20-year-old former student first posted on herblog, shows her naked apart from a pair of thigh-high stockings and some red patent leather shoes.
Her actions have received global media coverage and provoked outrage in Egypt, a conservative Muslim country where most women wear the veil. Many liberals fear that Elmahdy’s actions will hurt their prospects in the parliamentary election next week.
Aliaa Magda Elmahdy
Elmahdy describes herself as an atheist. She has been living for the past five months with her boyfriend, bloggerKareem Amer, who, in 2006 was sentenced to four years in a maximum security prison for criticizing Islam and defaming former president Hosni Mubarak.
Here she talks exclusively to CNN in Cairo about why she posed nude.
CNN: Why did you post a photo of yourself nude photo on Twitter, and why the red high heels and black stockings?
Elmahdy: After my photo was removed from Facebook, a male friend of mine asked me if he may post it on Twitter. I accepted because I am not shy of being a woman in a society where women are nothing but sex objects harassed on a daily basis by men who know nothing about sex or the importance of a woman.
The photo is an expression of my being and I see the human body as the best artistic representation of that. I took the photo myself using a timer on my personal camera. The powerful colors black and red inspire me.
CNN: Who is Aliaa Elmahdy inside the body portrayed in the nude photo?
Elmahdy: I like being different. I love life, art, photography and expressing my thoughts through writing more than anything. That is why I studied media and hope to take it further to the TV world too so I can expose the truth behind the lies we endure everyday in this world. I don’t believe that we must have children only through marriage. It’s all about love.
CNN: How have your Egyptian Muslim parents reacted? How do they feel about you living with your boyfriend unmarried?
Elmahdy: I last spoke to them 24 days back. They want to support me and get closer, especially after the photo was released, but they accuse Kareem of manipulating me. He has been my support system and has passed along their text messages to me. I dropped out of AUC (The American University in Cairo where she was a media student) months back after (my parents) attempted to control my life by threatening not to pay the fees.
CNN: The press has labeled you a revolutionary but you were not in Tahrir Square during the 18 days of the revolution in February this year. Is there a political element to you posing nude?
Aliaa Magda Elmahdy
Elmahdy: I was never into politics. I first joined the protests on May 27th because I felt the need to participate and decided I might be able to change the future of Egypt and refused to remain silent. I made it clear that I was not part of April 6th Movement (an Egyptian political group that came to prominence during the revolution) after the rumors were spread by remnants of Mubarak’s National Democratic Party who wanted to capitalize on the reaction to the photo.
What shocked me is April 6th’s statement clarifying that Aliaa Magda Elmahdy is not part of their organization and how they don’t accept “atheism.” Where is the democracy and liberalism they preach to the world? They only feed what the public wants to hear for their political ambitions.
CNN: What do you think about the forced virginity testsperformed by the Egyptian military on more than a dozen girls arrested in Tahrir Square?
Elmahdy: I consider this rape. Those men in the military who conducted these tests should be punished for allowing this to happen without the consent of the girls in the first place. Instead, the girls walk around feeling the shame and most of them are forced to remain silent.
CNN: Do you practice safe sex in your sexual revolution?
Elmahdy: Most Egyptians are secretive about sex because they are brought up thinking sex is something bad and dirty and there is no mention of it in schools. Sex to the majority is simply a man using a woman with no communication between them and children are just part of an equation. To me, sex is an expression of respect, a passion for love that culminates into sex to please both sides.
I do practice safe sex but I don’t take pills because I am against abortion. I enjoyed losing my virginity at the age of 18 with a man I loved who was 40 years older than me. Kareem Amer is the second man and the love of my life. The saying suits us: “Birds of the same feather flock together”
Aliaa Magda Elmahdy
CNN: How do you see women in the “New Egypt” and will you leave the country if the ongoing revolution fails?
Elmahdy: I am not positive at all unless a social revolution erupts. Women under Islam will always be objects to use at home. The (sexism) against women in Egypt is unreal, but I am not going anywhere and will battle it ’til the end. Many women wear the veil just to escape the harassment and be able to walk the streets. I hate how society labels gays and lesbians as abnormal people. Different is not abnormal!
CNN: What are your future plans with Kareem and will you find it hard to deal with your new notoriety?
Elmahdy: I have discovered who my real friends are, and I have Kareem who loves me passionately. He works as a media monitor and I am currently looking for a job. I embrace the simple things in life and I am a vegetarian … I am a believer of every word I say and I am willing to live in danger under the many threats I receive in order to obtain the real freedom all Egyptian are fighting and dying for daily.
Working from home may lead to burnout or exhaustion, especially if a person has issues balancing the demands of a job with a family, according to an analysis in the Journal of Business Psychology.
Although the idea of “teleworking” may conjure up images of sitting in your pajamas with coffee in hand, research suggests it’s a difficult balancing act for people struggling to meet the demands of a job and family.
The study’s author, Timothy Golden, adds that telework isn’t just working from home during traditional hours; it’s also plugging away at tasks during the evening and weekends, too. In a way, non-traditional telework puts people in a place where their personal time may be overrun by their jobs.
By surveying 316 people who worked traditional hours for a large computer company, Golden asked participants to answer whether they agree with certain statements, including “Due to all the pressures at work, sometimes when I am home I am too stressed to do the things I enjoy” and “Because I am often stressed from family responsibilities, I have a hard time concentrating on my work.”
Most respondents were male, and 88 percent had children. He also measured peoples’ levels of work exhaustion.
He found that respondents with higher time and strain-based conflicts between work and family also showed higher rates of exhaustion from teleworking. Previous studies showed that these types of conflict were physically and emotionally draining, which affect people’s abilities to cope with feeling overwhelmed. As a result, people experience burnout and do not perform their jobs as well — or they may even be calling in sick more often.
Teleworkers constantly being reminded of their role at home could be a part of the problem, Golden told MSNBC.
Golden thinks managers should look more closely at their telework programs to ensure employees’ work environments aren’t negatively affecting their mental health. Telework programs can be beneficial if done right, though.
Many people reap the benefits of not commuting as well as having a space for work they feel comfortable in, Golden writes. Overall, it’s key to keep work and family separate from each other.
Hunting Aliens continues its course, Enthusiasm about finding their worlds nestled inside other stars’ habitable zones is so strong that in 2008 a radio message was beamed to a planet known to exist in the habitable zone of the red dwarf star Gliese 581, located 20 light-years away. The signal contains 501 greetings that were selected through a competition on a social networking site. Read the rest of this entry
The Barbadian beauty was recently linked to Dudley O’Shaughnessy after he appeared in her We Found Love promo.
However, Rihanna taped an appearance for Monday’s The Ellen DeGeneres Show, and cleared up speculation about her love life.
‘I’m not dating anyone right now. I’m not dating at all,’ she confirmed. ‘I’m not necessarily happy being single. It’s not really that cool.
‘I do put a lot into my job – most of my time if not all of it. It definitely affects my personal life. My personal life is pretty much non-existent, which is not good, not for the long run. Not for me, not for ‘Her’,’ she said, pointing between her legs.
‘It’s not fun.’
Rihanna described her perfect man. The songstress would love a beau who takes on the traditional masculine role.
‘I like men that are more aggressive, but mysterious, but I like a man to be very sure,’ she explained.
‘I like them to be sure of themselves and know that you’re the man. I’m the lady and the only way for us to make this work is for us to play our roles. You know, I can’t really be the man for you. I don’t want to have to be. I’m the man at work all the time.’
Rihanna admitted that her lack of romance encourages her to use the internet for stimulation. The stunning star relies on her Twitter fans to keep her entertained.
‘That’s why I stay on Twitter a lot. So I can conversate with my fans – because I don’t get any booty calls,’ she added.
© Cover Media
Late Libyan dictator’s aide reveals the despot was addicted to sex and viagra pills, used a machine bought from Paris in the hope to lengthen his genitals. Moammer Gaddafi bedded at least four to five women just hours before meeting Prince Andrew for trade talks, it was claimed yesterday. Read the rest of this entry