Tuesday, December 4, 2007

Upcoming Hollywood releases - December

DECEMBER 7, 2007

ATONEMENT - Starring Keira Knightley and James McAvoy
THE GOLDEN COMPASS - Starring Nicole Kidman and Daniel Craig
GRACE IS GONE - Starring John Cusack and Alessandro Nivola
JUNO - Starring Ellen Page and Michael Cera
REVOLVER - Starring Jason Statham and Ray Liotta

DECEMBER 12, 2007

THE PERFECT HOLIDAY - Starring Gabrielle Union and Queen Latifah

DECEMBER 14, 2007

ALVIN AND THE CHIPMUNKS - Starring Jason Lee
I AM LEGEND - Starring Will Smith and Alice Braga
THE KITE RUNNER - Starring Khalid Abdalla and Zekiria Ebrahimi
YOUTH WITHOUT YOUTH - Starring Tim Roth and Alexandra Maria Lara

DECEMBER 21, 2007

CHARLIE WILSON'S WAR - Starring Tom Hanks and Julia Roberts
NATIONAL TREASURE: BOOK OF SECRETS - Starring Nicolas Cage and Justin Bartha
PS, I LOVE YOU - Starring Gerard Butler and Hilary Swank
SWEENEY TODD - Starring Johnny Depp and Helena Bonham Carter
WALK HARD: THE DEWEY COX STORY - Starring John C Reilly and Jenna Fischer

DECEMBER 25, 2007

ALIENS VS PREDATOR - REQUIEM - Starring Steven Pasquale and Reiko Aylesworth
THE BUCKET LIST (Limited) - Starring Jack Nicholson and Morgan Freeman
THE GREAT DEBATERS - Starring Denzel Washington and Forest WhitakerTHE WATER HORSE - Starring Ben Chaplin and Alex Etel

DECEMBER 26, 2007

THERE WILL BE BLOOD (Limited) - Starring Daniel Day-Lewis and Paul Dano

DECEMBER 28, 2007

CASSANDRA'S DREAM - Starring Colin Farrell and Ewan McGregor

Carbon Credits Explained


The inconvenience of the sky being darkened is nothing to the lasting effects of all the carbon being thrown into the atmosphere and radically changing our climate by trapping the heat from the sun (once the clouds of ash have disappeared).

Science has correlated climate over the ages with core samples from ice sheets and found that carbon dioxide levels fluctuate with climatic events. Only recently has science been able to understand how this CO2 actually works to trap the heat in the atmosphere and by calling it the greenhouse effect gives us the basic understanding of what goes on.

Other gases are also responsible for containing the heat of our planet and some are far worse that CO2. See http://ghg.unfccc.int/index.html which shows that methane’s Global Warming Potential (GWP) is much higher than CO2. However, since CO2 is the main contributor to the effects of Global Warming the GreenHouse Gases are known collectively as CO2 emissions.

The good news is that the process of reducing pollution from CO2 emissions is well under way. It has got to be the most important thing for mankind to address as history has shown us the certain conclusion. The US government is not so sure that CO2 is responsible for all of the global warming although California is one of the states taking the opposite stance by aggressively promoting everything to do with the use of renewable resources. Russia agrees that CO2 is in its sights (it signed the Kyoto Protocol in 2004) but is unfortunate in having a massive and old infrastructure that will take time to upgrade.

To reach this point in discussions between nations, the countries that form the world’s major polluters were identified from global CO2 emission statistics based on 1990 figures. At the meeting in Kyoto in 1997, China and India were therefore not significant polluters and the outcome was that those nations deemed responsible for significant CO2 emissions were given targets to reduce them. The US have used the non-inclusion of China and India as its reason to stay out of the Kyoto Protocol.

What emerged from the Kyoto meeting is that as each country produces CO2, it must be able to contain that CO2 by tree-planting or other processes that can absorb it, such as sequestration and changing farming methods. Or it can reduce the CO2 it produces in the first place. If that country produces more CO2 than it can absorb, it must purchase an ‘absorption ability’ from another nation. The Carbon Credit is this new currency and one Carbon Credit is equal to one Tonne of CO2 and is called a CO2e (CO2 equivalent). A nation might have a shortfall in absorbing 500,000T of CO2 and according to the Kyoto agreement it must seek to purchase those from another nation that has been planting trees for such a consideration. Costs are between US (ironically) $10 – 40 per credit.

It’s pretty simple really in theory. All growing things absorp carbon which ultimately ends up in the soil. Planting trees reduces the carbon in the atmosphere but not if they are then cut down and burnt and crops that are planted and harvested will not actually store carbon within them. Long term plans are needed. Crops can be farmed in such a way that the soils are not ploughed to let the stored carbon escape. Weeds and borders to fields can be encouraged. Forests can be left to stand. Fuel usage can be cut and power generation can be more efficient and all this reduced consumption of carbon will mean that less carbon credits will have to be purchased.

The money that purchases carbon credits will ultimately be used to give grants to further carbon saving schemes. New Zealand has already funded some wind generation projects from the money gained from selling carbon credits. Ireland has recently purchased 95% of its carbon credits from overseas to offset the millions of tons of CO2 its industries will develop for the forthcoming year. The other 5% will come from internally as they have new practices of farming and been planting trees since 1990. Some treebound countries do not necessarily have loads of carbon credits to sell as they have not made any attempts to increase the number of trees since 1990. There are complications to be conquered though. In Australia, Virgin has tried to introduce it's airline but has been deterred by the need to offset it's CO2 pollution by the purchase of Carbon Credits which makes them uncompetitive.

A global market may become less global if the cost of a product is measured in terms of total CO2 emissions. The end result will be that we may all be seeking to trade locally. Along with our new found local power generation facilities we may see a shift away from massive corporations and move back towards co-operatives. Made in China might be something people in Europe see less of. Alternatively, goods could be moved around the globe super efficiently and only the large corporations will be able to afford this.

The ramifications of the Kyoto Protocol are that it will affect the way we measure the cost of items. The development and fine-tuning of the terms of the Protocol are to be introduced in 2008 and it may seem to be a huge headache for businesses and governments alike. However, remember the certain conclusion.

European football rocked by match-fixing probe

LUCERNE, Switzerland (AFP) — European foootball is reeling from the weekend revelation that a host of matches may have been fixed as part of a multi-million pound betting scam.

UEFA's top brass left this idyllic lakeside city Monday following the Euro 2008 draw to face what has been described as potentially the most damaging scandal to hit the global game.

The alarm bell was sounded in Germany when Der Spiegel magazine reported that suspicion surrounded 26 matches involving teams from eastern Europe including one Euro 2008 qualifier.

That prompted speculation Croatia might be involved leading to their expulsion and a last minute recall to next year's finals for England.

But UEFA were quick to knock that notion firmly on the head.

"There is nothing at all from the European Championships. It is pure fantasy that it involved Croatia," William Gaillard, UEFA's director of communications, told AFP.

"There is no chance of England or Scotland having a back way into the finals."

He confirmed that 15 matches were under suspicion but that only one - an Intertoto Cup game - was being "officially investigated".

Reports claim the rogue game was the InterToto Cup match between Bulgarians Cherno More and Macedonia's Makedonija on July 7, which Cherno More won 4-0. The Bulgarian club reportedly deny any wrongdoing.

UEFA has handed a 96-page dossier to Europol, the pan-European police organisation, detailing its concerns surrounding the 15 suspect games.

Michel Platini, the UEFA president, described the scale of the problem European football was facing.

"We know that in Hong Kong, Singapore or elsewhere in Asia you might have a single bet of 10 million dollars on a match ending 4-4," he told The Sunday Times.

"It's coming to the end of the match, it's 2-2 and there are four penalties, and it finishes 4-4. We knew about these cases because we do have an early-warning system in place. We do know that some teams were approached by people."

Platini added: "We have known that for a long time and it could become very bad for football, and for all sport, in the future."

Graham Bean, an ex-British police officer and former head of the English Football Association's compliance unit, left no doubt as to the gravity of the problem.

"I can't remember anything happening on this scale before," he told the BBC.

"For something of this magnitude and these type of games then this is clearly very serious and potentially one of the most serious things that has happened in world football."

Bean said UEFA's main problem would be tracing the origin of the bets to produce enough evidence for a conviction.

"Clearly UEFA, for them to pass this report across, do have some evidence of some kind that would suggest has come down the route of betting patterns or individuals rolling over and telling them what they know.

"Nevertheless if that is the case they still need to get corroborative evidence to prove what has supposedly gone on."

Such is the complexity of the investigation, which comes in the wake of last year's corruption scandal in Italy's Serie A, that it could be some time before it reaches a conclusion.

An investigation into a 2004 UEFA Cup tie between Greek club Panionios and Dinamo Tblisi of Georgia for example is still ongoing.

Gaillard meanwhile said only minor games were under the spotlight.

"Nowadays there are people interested in matches involving medium, lower and even amateur leagues. There was a case in the past with a game from the German third division," he told AFP.

"Players from the lower leagues are easier to corrupt. Those in the top leagues are higher profile and richer.

"That's why the headline Chammpions League games haven't been targeted. But that doesn't console us, we want footballl to be clean at every level."

We have an agreement with Betfair (the internet betting exchange firm) who inform us when huge sums are placed on bets concerning matches without importance."

He stressed that the problem of rigging results was not football's alone.

"This threatens everyone in sport, that's why we need coordination between European governments.

"We've set up a meeting in Brussels in November 2008 with decision makers from spport and politics. This is the start of a combined fight against financial corruption."

Monday, December 3, 2007

Night shift work may raise cancer risk, say researchers

By IANS
>Sunday December 2, 01:09 PM
>
>New York, Dec 2 (IANS) Working in night shifts may increase the risk of cancer, a team of international scientists said in a report.
>
>In their report, the team of 44 scientists from 10 countries commissioned by the World Health Organization's International Agency on Cancer Research is said to have found evidences of a connection between the disease and the people working in night shifts.
>
>That evidence included a higher rate of breast cancer in female nurses who work in night shifts, said the report published on online edition of health magazine WebMD.
>
>The scientists also reviewed studies in which animals were exposed to light at night, disrupting the animals' circadian rhythm - the regular changes in mental and physical characteristics that occur in the course of a day.
>
>They found sufficient evidence of a connection between circadian rhythm disruption and cancer, the report published in the journal 'The Lancet' said.
>
>'Shift work that involves circadian rhythm disruption is probably carcinogenic to humans,' writes Kurt Straif, who works for the International Agency for Research on Cancer in France.
>
>The scientists noted that night shift work might raise the risk of cancer by suppressing production of melatonin, a hormone chemical involved in the circadian rhythm.
>
>They also mentioned in their report that people working as a painter are carcinogenic, and those who work as a firefighter are 'possibly carcinogenic' because of the on-the-job chemical exposure.

Saturday, December 1, 2007

14 new billionaires from India join world's richest people list


The Forbes Magazine team of fortune hunters has discovered 14 newcomers from India to join the list of 946 billionaires of the world’s richest people.

According to the Forbes Magazine, there were 36 billionaires with property of $191 billion from India in the richest people’s list, which also includes the 14 newcomers.













The Magazines said there were 178 newcomers, including 19 Russians, 14 Indians, 13 Chinese and 10 Spaniards, as well as the first billionaires from Cyprus, Oman, Romania and Serbia.

“India's rich are also marching toward the top of our rankings,” said the Magazine. “India now has three in the upper echelons,” the Magazine said.

Among the world’s 20 wealthiest, Lakshmi Mittal, who heads the world's biggest steel company, Arcelor Mittal, has been ranked top fifth with a net worth of $ 32 billion.

Brothers Mukesh and Anil Ambani have been 14th and 18th with personal property of $20.1 billion and $18.2 billion, respectively, said the list released by the Magazine.


Wipro’s Azim Premji, who is also an Indian, is ranked 21st with 17.1 billion.

The other Indians on the richest list include DLF’s K P Singh, ranked 62nd with $10 billion, Sunil Mittal’s family 69th with $9.5 billion, Kumar Mangalam Birla and Essar’s Ruia brothers 86th with $8 billion.

Microsoft founder Bill Gates with a net worth of $56 billion, continues to be the richest person in the world for 13th year in succession.

Two-thirds of last year's billionaires are richer. Only 17 percent are poorer, including 32 who fell below the billion-dollar mark. The billionaires' combined net worth climbed by $900 billion to $3.5 trillion. That equates to $3.6 billion apiece, said the Magazine.


The Magazine said that 44 billionaires were dropped off the list for various reasons.


The World’s Top 20 Billionaires


Rank Name Citizenship Age Net Worth ($bil)



1 William Gates III United States 51 56.0

2 Warren Buffett United States 76 52.0

3 Carlos Slim Helu Mexico 67 49.0

4 Ingvar Kamprad & family Sweden 80 33.0

5 Lakshmi Mittal India 56 32.0

6 Eeldon Adelson United States 73 26.5

7 Ernard Arnault France 58 26.0

8 Amancio Ortega Spain 71 24.0

9 Li Ka-shing Hong Kong 78 23.0

10 David Thomson & family Canada 49 22.0

11 Lawrence Ellison United States 62 21.5

12 Liliane Bettencourt France 84 20.7

13 Prince A. B. Talal Alsaud Saudi Arabia 50 20.3

14 Mukesh Ambani India 49 20.1

15 Karl Albrecht Germany 87 20.0

16 Roman Abramovich Russia 40 18.7

17 Stefan Persson Sweden 59 18.4

18 Anil Ambani India 47 18.2

19 Paul Allen United States 54 18.0

20 Theo Albrecht Germany 84 17.5

Force India eye step forward in 2008


The Force India team need to build up on their promising end to the 2007 season and start fighting for points more regularly, according to technical chief Mike Gascoyne.

The Silverstone-based squad, who in 2007 competed as Spyker before changing owners, finished the year in 10th place with one point scored after showing improved form in the final part of the season following a shaky start.

Gascoyne admits the team did not manage to develop their car as quickly as they had hoped, but he is still optimistic they are on the right track for the future.

"I think we finished the season in very good shape," Gascoyne told the official Formula One website.

"The year was very difficult in some respects, the team did not develop as we had hoped, it was quite difficult financially and then we had the sale of the team.

"Looking back we haven't been able to do as much as we wanted and we haven't moved forward as much as we would have liked. Nevertheless, looking forward, we can now be very optimistic about the future."

Gascoyne reckons Force India need to take a leap forward in 2008 in order to be able to fight for points more often.

"For 2008 I think we definitely have to make a step forward, be more consistent, qualify better and, if we are racing in the midfield, regularly pick up the odd point. We certainly have to target more points next year," Gascoyne added.

"Scoring the first point was very important as the team has been on the back foot for many years now. Although finishing the season with one point is not a lot different from zero, it certainly feels a lot different.

"It's a landmark for the team and shows we are moving forward - from a team at the start of the year that was just driving around at the back, to a team that can go racing.

Chandigarh Lions clinch ICL opener

November 30, 2007

Chandigarh Lions 134 (Hall 31*, Mortaza 3-16, Abhishek 3-16) beat Delhi Jets 125 (Abbas 30, Tuffey 3-15) by 8 runs
Scorecard

Daryl Tuffey claimed three wickets and Andrew Hall two, apart from bowling a tight final over to kick off the Indian Cricket League in Panchkula. In a match where Indian cricketers matched their skills with international ones, the 'home team', Chandigarh Lions prevailed over Delhi Jets by eight runs.

It was a day for both sport and entertainment but the intensity was hard to miss. The fielding was of higher standard, compared to what's generally on display in domestic cricket, and Abhishek Sharma running out Imran Farhat was one of the plays of the day.

Chris Cairns and Marvan Atapattu sparkled, apart from Tuffey and Hall, but they had to slug it out against local talent trying to make a name. Ali Mortaza, a left-arm spinner from Uttar Pradesh who was an India Under-19 star till recently, impressed with 3 for 16, including a wicket off his first ball. Abhishek, the legspinner from Delhi, bagged three wickets too and JP Yadav, the former Indian allrounder, contributed with both bat and ball.

Abbas Ali, the grandson of the legendary Mushtaq and a mainstay of the Madhya Pradesh middle order, cracked three sixes towards the end to open the game up. Backing away from the stumps, he lofted the medium-pacers effortlessly to bring the Delhi Jets to within striking distance.

Hall, standing at midwicket, dropped a clanger off the first ball of the 19th over - when Rajesh Sharma swung wildly - but he made amends by conceding just five in the final over, when 14 were needed.

"I think he just wanted to be a hero and win it with the ball in the last over," joked the Lions captain Cairns when asked about the drop. "But I thought it was a great way to kick the tournament off. Good game, good crowd, good entertainment . That's all you ask for when you walk in for a match."

RBI’s on guard against subprime spillover

MUMBAI: The Reserve Bank of India (RBI) has said that India can’t be immune to the global subprime crisis despite the fact that Indian banks have no exposure to the troubled housing loans market in the US. The central bank said it was keeping an eye on the spillover effect of the subprime crisis from the international markets into the Indian financial sector.

Speaking at the annual Bankers Conference organised by IBA and Bank of Baroda here on Tuesday, Mr Reddy said, “The domestic factors, by and large, are on anticipated lines although global uncertainties would be resolved later rather than sooner.” He said that the central bank was ready to respond to these global uncertainties, and was watching for any spillover of the financial market turmoil into the real economy.

The monetary aggregates that are currently beyond central bank’s comfort zone are being carefully monitored, he said, though credit growth was closer to what the central bank wanted.


In his valedictory address at the conference, Mr Reddy said India cannot be immune to global developments but we, in the RBI, are actively monitoring the global developments, articulating our assessments as well as responses in regard to impact on India and are in a state of readiness to act, as appropriate, in a timely manner. “The major reason for extraordinary vigilance by RBI is what I would describe as simultaneous volatilities in several globally significant markets, namely money, credit and currency markets; asset prices; and commodity prices, especially oil and food items,” Mr Reddy added.

The current phenomenon of simultaneous volatilities should be viewed in the context of possible repositioning of the world’s dominant reserve currency, involving significant wealth, income and terms of trade effects, he added.

Even Indian banks with overseas presence have confirmed that they have insignificant exposure to the US subprime mortgage market, though some analysts have flagged the prospect of a sort of subprime lending problem within India also, he said. However, there are reports of accelerated emergence of non-performing assets in regard to consumer credit, housing and real estate in a few banks. RBI’s preliminary assessment is that these do not have systemic implications either in terms of solvency or liquidity.

In the context of the current capital flows into the country, Mr Reddy admitted to it having posed challenges to the liquidity management for the central bank which it actively manages on a daily basis. In terms of the evolving global prudential framework, the emphasis has generally been more on capital, as a means of reducing vulnerability to risks than on prudential requirements for liquidity risk.

China to see only mild impact from subprime crisis says central bank

China to see only mild impact from subprime crisis says central bank


BEIJING (AFP) — Chinese exporters might see only a mild impact from the US subprime crisis but should explore other markets to minimise any fallout, the nation's central bank governor was quoted Thursday as saying.

"The subprime crisis in the United States has dampened US consumers' spending and has likely affected some European consumers as well," Zhou Xiaochuan, head of the People's Bank of China, told the Xinhua news agency.

The next two months of US holiday spending would show how serious it was, but it was likely there would only be a "mild effect" on Chinese exporters and the Chinese economy, he was quoted as saying.

Nevertheless, he urged export-oriented companies in China to explore other markets rather than focus only on the US, to minimise the effect of a possible slowdown in trade with the world's biggest economy.

Zhou was speaking to Xinhua after attending a meeting in South Africa of the Group of 20 major economies.

Concerns have grown in recent months about the impact on Asia after the US subprime crisis triggered a credit squeeze as losses have piled up on securities backed by mortgages to home-buyers with patchy credit histories.

However, the World Bank said last week that despite the subprime woes and record high world oil prices, the economies of China and other countries in east Asia were likely to remain robust in 2008.

China is expected to see growth of 10.8 percent next year, just down from a projected 11.3 percent this year, the World Bank said in its half-yearly analysis of the region.

China's government is slightly more bullish, with Premier Wen Jiabao projecting 11.5 percent growth for this year.

Business Leaders Seek Action on Warming

WASHINGTON (AP) — Some of the world's top business leaders are demanding that international diplomats meeting next week come up with drastic and urgent measures to cut greenhouse gas pollution at least in half by 2050.

Officials from more than 150 global companies — worth nearly $4 trillion in market capitalization — have signed a petition urging "strong, early action on climate change" when political leaders meet in Indonesia.

The hastily prepared petition drive, coordinated through the environmental office of Britain's Prince Charles, is signed by leaders from mainstream powerhouse companies such as Shell UK, GE International, Coca-Cola Co., Dupont Co., United Technologies Corp., Rolls Royce, Nestle SA, Unilever, British Airways and Volkswagen AG.

The petition is aimed at the United Nations conference in Bali, convened to draft a new environmental treaty to replace the Kyoto accord, which expires in 2012.

"We urge world leaders to seize this opportunity," the petition says.

Contrary to the argument that mandatory pollution cuts would harm the economy, the business leaders' petition says ambitious emissions reductions would "create significant business opportunities."

"You've got businesses around the world saying, 'Give us certainty so we can do what's right for our investors, society at large and the broader environment,'" said Richard Barrington, head of sustainability for Sun Microsystems in the United Kingdom and Ireland, whose boss signed the petition. "If you look at the risks associated with climate change, they're just as much business risks as they are human risks."

In the three weeks that the business leaders circulated the petition, primarily in the United Kingdom, Europe, the United States and Australia, more than 80 percent of the giant firms contacted agreed to join in, said petition coordinator Craig Bennett, of the University of Cambridge's Programme for Industry.

Just how drastic the cuts in man-made greenhouse gas emissions — carbon dioxide is the main one, generated mostly from the use of coal and oil products — should be left up to science, the business leaders said. But their communique refers to a recent international report on climate change, which said a 50 percent cut in emissions by 2050 is needed to prevent catastrophic global warming. Barrington said "that's the minimum order of what we're looking for."

"It's a massive problem for humanity; it's a huge problem for our businesses," Bennett said. "The politicians have got to sit up and do something."

In January, the CEO's of 10 major U.S. companies urged President Bush to support mandatory industrial greenhouse gas emission cuts. The White House is against that policy. Since their January plea, the industry group, the United States Climate Action Partnership, has grown to include 27 of the world's largest firms.

Other companies signing the British-based petition include Nike Inc., Johnson & Johnson, Virgin Group, Barclays PLC, Gap, Nokia, Pacific Gas and Electric, and the Rupert Murdoch-owned News Corp., which runs the conservative Fox News Channel.

"There are voices that you may not normally expect to be heard on this particular issue," Barrington said. "It just shows how concerned we are about the issue."