Friday, July 30, 2010

Paypal India Electronic Withdrawal Back, PayPal India News!

We’ve received good news. India users can do electronic withdrawals right now as you did before. In appreciation for the loyalty from our India users, we will extend the processing fee refund of $5 USD for any cheque withdrawals made from July 29, 2010 until further notice.

Thank you,
The PayPal Asia Team

Previous Days News:

PayPal introduces withdrawal of funds via cheque: PayPal has announced a new decision with effect from August 1.

PayPal will no longer allow electronic withdrawal of funds but has advised everyone to withdraw funds by means of cheque. This has been decided as per regulatory instructions. PayPal will withdraw its withdrawal fee on every cheque withdrawal with effect from 29th July, 2010.

Process of withdrawal: Log into your PayPal account, click on ‘Withdraw’. Click on the ‘Request a cheque from PayPal’ link.

Enter the withdrawal amount and select your mailing address, then click ‘Continue’. Click ‘Submit’ to confirm your request.

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PayPal Electronic Withdrawal Service Continues in India, Latest News from Paypal

We’ve received good news. India users can do electronic withdrawals right now as you did before. In appreciation for the loyalty from our India users, we will extend the processing fee refund of $5 USD for any cheque withdrawals made from July 29, 2010 until further notice.

Thank you,
The PayPal Asia Team

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Thursday, July 29, 2010

Animation Voice Artists to Speak Up at the Academy

Beverly Hills, CA – The artists who voice Dug the Dog, Minnie Mouse, Natasha Fatale, Rocky the Squirrel and Winnie the Pooh will sound off at “Voices of Character,” the Academy of Motion Picture Arts and Sciences’ 16th installment of the Marc Davis Celebration of Animation, on Thursday, August 19, at 7:30 p.m. at the Academy’s Samuel Goldwyn Theater in Beverly Hills.

Hosted by animation historian Charles Solomon, the event will feature onstage discussions with such legendary voice artists as Jim Cummings (Winnie the Pooh), Susan Egan (Meg of “Hercules”), June Foray (Natasha Fatale and Rocky the Flying Squirrel), Yuri Lowenthal (Ben Tennyson) and Russi Taylor (Minnie Mouse), along with animation director Bob Peterson (who voices Dug the Dog in “Up”), animator James Baxter and casting executive Rick Dempsey.

While animators have been called “actors with pencils” who create the “illusion of life,” animated characters equally depend on the unique talents of voice artists to breathe life into their visual components. Vocal range and consistency, comic timing, emotional impact, character definition and song styling are just a few of the very specific choices that can make or break a coordinated effort between picture and sound. The panelists will discuss how they approach their work, as well as what they admire in the work of others.

Tickets to “Voices of Character” are $5 for the general public and $3 for Academy members and students with a valid ID. Tickets are available for purchase by mail, at the Academy box office (8949 Wilshire Boulevard, Monday through Friday, 9 a.m. to 5 p.m.), or online at www.oscars.org. Doors open at 6:30 p.m. All seating is unreserved.

The Samuel Goldwyn Theater is located at the 8949 Wilshire Boulevard in Beverly Hills. For more information call (310) 247-3600 or visit www.oscars.org.

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Nations Advance on Climate Finance Outlined in Copenhagen Accord

Washington - In the months since the international community negotiated the Copenhagen Accord at the United Nations Climate Change Conference in Denmark in December, 136 countries have associated themselves with the brief document that outlines key elements of a long-term global climate change solution.

Critical among these elements is finance, and the accord includes provisions for new financial help for developing countries that cannot afford to reduce their rising greenhouse gas emissions or cope with the effects of a warming planet.

The accord ( http://unfccc.int/home/items/5262.php ) includes short-term and long-term financial plans.

Developed nations committed to provide $30 billion in short-term, fast-start financing until 2012 to support developing countries' mitigation and adaptation efforts.

Over the longer term, by 2020, they committed to making sure developing countries have access to $100 billion a year in public and private funds.

"We know that a great many developing countries need assistance to change their development trajectories and to adapt to the unavoidable impacts of climate change," Jonathan Pershing, the State Department's deputy special envoy for climate change, said July 27 in testimony before the House of Representatives' Foreign Affairs Subcommittee on Asia, the Pacific and the Global Environment.

"The global community will need to rapidly and substantially ramp up financing, technical and technological assistance," he added. "Otherwise the world will not be able to minimize global emissions or adapt to the ever-increasing damages associated with climate change."

According to scientists, climate change will lead to population displacement from sea level rise; declines in global food supply, particularly in sub-Saharan Africa and Southeast Asia; massive losses in species diversity; and major shortages of water all over the world.

SIGNIFICANT STRIDES

Developed countries are working out the details of their financial commitments and, according to Pershing, have made "significant strides" in increasing their fast-start contributions. So that funds can be delivered quickly, they come from existing programs and institutions like the Climate Investment Funds ( http://www.climateinvestmentfunds.org/cif/ ), the Global Environment Facility ( http://www.thegef.org/gef/ ) and established bilateral programs.

In the United States, at the urging of President Obama, Pershing said, Congress appropriated $1.3 billion for climate finance in 2010. Obama then asked for more than $1.9 billion for fiscal year 2011 for U.S. fast-start activities. Congress has not yet approved the 2011 budget.

Now in preparation for fiscal year 2012 (October 1, 2011 to September 30, 2012), as part of the U.S. fast-start contribution, the administration has pledged to provide $1 billion for the Reducing Emissions from Deforestation and Forest Degradation ( http://www.un-redd.org/ ) (REDD+) program.

"It is vitally important for our overall climate diplomacy goals - and for the credibility of the Copenhagen Accord - that the U.S. make a strong contribution to fast-start finance," Pershing told the House subcommittee.

"The president's 2011 request was designed to put us on track to meet our fair share of the fast-start commitment," he said, "and we strongly urge the members of this subcommittee to support this request in full."

In 2010, Pershing said, the State Department and the U.S. Agency for International Development ( http://www.usaid.gov/ ) are delivering $30 million for the Least Developed Countries Fund ( http://unfccc.int/cooperation_support/least_developed_countries_portal/ldc_fund/items/4723.php ), $20 million for the Special Climate Change Fund ( http://unfccc.int/cooperation_and_support/financial_mechanism/special_climate_change_fund/items/3657.php ) and $10 million for the Forest Carbon Partnership Facility ( http://www.forestcarbonpartnership.org/fcp/ ). Nearly two-thirds of U.S. bilateral adaptation funding in 2010-2011 is focused on small-island developing states, least-developed countries and Africa.

MOVING TOWARD 2020

The international community has also begun tackling the issue of long-term public financing for climate change efforts, Pershing said.

In February, U.N. Secretary-General Ban Ki-moon created a 21-member High-Level Advisory Group on Climate Change Financing ( http://www.un.org/wcm/content/site/climatechange/pages/financeadvisorygroup ) to analyze financial resources that could help meet the $100 billion goal. The group has met twice ? in London in March and in New York in July ? with a third meeting to be held in Ethiopia.

The group will present its report at the end of October, in time for the 16th conference of the parties (COP-16 ( http://www.cc2010.mx/swb/ )) of the U.N. Framework Convention on Climate Change ( http://unfccc.int/2860.php ), which begins November 29 in Cancun, Mexico.

"According to a recent analysis by the International Energy Agency, the incremental cost to keep emissions at a level that would prevent global temperatures from rising more than 2 degrees Celsius is $10 trillion between now and the year 2030," Pershing said, with the vast majority coming from countries' own public and private finances.

"The commitment to mobilize $100 billion must therefore be seen for what it is," he said, "a catalytic effort to help jump-start the world on the pathway to a cleaner economy, but quite a small share of the total effort."

Want to learn more about climate change? Join the global conversation ( http://www.facebook.com/conversationsclimate ) on Facebook.

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Breaking Online Barriers

By Karen A. Frenkel

Technology may provide the tools to overcome Internet censorship. This article appears in the "Defining Internet Freedom ( http://www.america.gov/defining_internet_freedom.html )" issue of eJournal USA ( http://www.america.gov/publications/ejournalusa.html ).

Millions of Internet surfers living in closed societies use free anti-censorship technology to break through online barriers imposed by their authoritarian governments. Several organizations produce that software, including the Censorship Research Center (CRC), the Global Internet Freedom Consortium (GIF), Torproject.org, and the University of Toronto's Citizen Labs (UTCL), which is affiliated with the OpenNet Initiative.

Governments that censor the Internet employ three technical methods. The first blocks visits to specified Internet Protocol addresses. The second filters content, cutting off access to any site with keywords prohibited by the censoring government. The third technique, called Domain Name Redirect, is similar to changing a person's phone number. It makes sites impossible to find.

Software designed to dodge the censor can also work in several different ways. GIF's software tools defeat the blocks, monitors, and traces authorities use to surveil individually owned computers. For example, censor-busting software might scramble the bits and bytes flowing in and out of a Chinese user's computer, so the "Great Firewall of China," as it is known, cannot see patterns in the traffic.

UTCL's software, called Psiphon, is a browser proxy. It enables users behind firewalls to see otherwise-blocked content by delivering Web pages through an intermediate server in an uncensored country. The system works based on trust; someone already with a Psiphon account must invite first-time users. The invitation is an Internet address combined with a code. These enable the newcomer to log in to get credentials and visit an address without anyone knowing they're using Psiphon to get there. The user enters that address into an address bar on any browser and can surf freely from then on.

Torproject.org's Tor software protects users' anonymity by preventing those watching from conducting traffic analysis. It distributes transactions along a random Internet pathway so no single point links a user to his or her destination.

The Censorship Research Center ( http://www.censorshipresearch.org/ ) offers the newest addition to the anti-censorship toolkit. It developed "Haystack" software after an Iranian government crackdown on Internet use after 2009's disputed presidential election. Haystack uses a mathematical formula to hide users' real Internet identity when they visit Web sites. The program lets people in Iran use the Internet "as if there were no Iranian government filters," CRC Executive Director Austin Heap told Business Week.

The opinions expressed in this article do not necessarily reflect the views or policies of the U.S. government.

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President's Forum with Young African Leaders: Opportunity

Narrator:

President Obama will host the President's Forum with Young African Leaders in Washington from August 3rd to August 5th. The three-day event brings together Americans and Africans to develop innovative solutions to regional challenges. One of the major themes of the forum is increasing economic opportunity.

During his historic visit to Ghana ( http://www.america.gov/obama_ghana.html ) in July 2009, President Obama spoke of the need to take steps to advance entrepreneurship, education, and the use of technology.

President Obama:

These steps are about more than growth numbers on a balance sheet. They're about whether a young person with an education can get a job that supports a family; a farmer can transfer their goods to market; an entrepreneur with a good idea can start a business. It's about the dignity of work; it's about the opportunity that must exist for Africans in the 21st century.

Narrator:

Despite impressive economic growth in recent years, Africa has yet to be fully integrated into the global economy. Africa's share of world trade is less than 2 percent, and Africa's tremendous wealth in natural resources has not translated into greater prosperity for its people.

The Obama administration is dedicating significant resources to help address these challenges. The $3.5 billion food security initiative called Feed the Future ( http://www.america.gov/st/develop-english/2010/July/20100722113758cpataruk0.2630579.html ) assists 12 African focus countries in modernizing their agricultural sectors. The Obama administration is also working with African partners to maximize the opportunities created by the African Growth and Opportunity Act.

Africa also faces a massive digital divide with the rest of the world. Better use of technology holds enormous potential to increase the competitiveness of African companies on the global stage. Recently in Washington, Secretary of State Hillary Rodham Clinton spoke about the more effective use of technology in development.

Secretary of State Hillary Rodham Clinton:

I've said many times that while talent may be distributed universally, opportunity is not. And the reality of the world we live in today is that technology and innovation are the great equalizers and can be used to create opportunity where there is very little of that commodity.

Over the last 17 years, and particularly in the last year and a half, I've seen that happening. I've seen it happening in Kenya, where farmers have had their incomes grow by as much as 30 percent since they started using mobile banking technology. In sub-Saharan Africa, women entrepreneurs are using the Internet to get microcredit loans. And in many countries, text-based tip lines are providing unprecedented access to expert advice on everything from agriculture to health care. And we need to replicate that progress and take it to scale in the lives of the billion people at the bottom of the world's economic ladder.

Narrator:

An example of the effective use of technology in development can be found in the Apps for Africa ( http://www.america.gov/st/scitech-english/2010/July/20100716150132SztiwomoD4.928225e-02.html ) program. The program is a partnership involving the U.S. State Department and three African technology organizations - the Innovation Hub, or iHub; Appfrica Labs, and the Social Development Network, or SODNET. Bruce Wharton, Deputy Assistant Secretary for Public Affairs in the State Department's African Affairs Bureau explains the program.

Deputy Assistant Secretary Bruce Wharton:

Apps for Africa is a competition basically, a challenge, in which program developers from five East African countries are being challenged to come up with simple online tools that address problems or challenges in Africa. Computer-based or cell phone-based or hand-held that will give people some kind of tool that they need. A farmer being able to get an accurate weather forecast via SMS or health information over cell phones. Basically we're leaving it up to the African developers to sit down with civil society and find out what the challenges are and develop responses to them.

Narrator:

The President's Forum with Young African Leaders takes place in Washington from August 3rd to August 5th. For more information, visit www.america.gov ( http://www.america.gov ).

To learn more about the Apps for Africa program, visit the program website at apps4africa.org ( http://www.apps4africa.org/ ).

This podcast ( http://stream.state.gov/streamvol/libmedia/usinfo/4770/en/en_072810_pfyal_econ.mp3 ) is produced by the U.S. Department of State's Bureau of International Information Programs. Links to other Internet sites or opinions expressed should not be considered an endorsement of other content and views.

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Wednesday, July 28, 2010

New York : Restaurants Grading Begins

By the end of Wednesday, several restaurant windows in New York are quite likely to display a new attraction alongside the usual menus and reviews: a brilliantly colored placard bearing a letter grade.

But much less visible is the months-long effort by city health officials to prepare for this day — the debut of their controversial new system to rate the cleanliness of the city’s more than 24,000 restaurants with an A, B or C.
The Department of Health and Mental Hygiene has added 23 inspectors to its 157 to conduct annual visits that are expected to rise by more than one-third, to 85,000 from 60,000. The wireless hand-held computers that inspectors use to calculate scores have been upgraded with new hard drives, memory cards and software.
The department’s printing presses have produced 28,000 letter-grade placards and enough new procedural guides for every food establishment in the city. Workshops to help restaurant employees and operators understand the new system — conducted in English, Spanish, Korean, Mandarin and Cantonese — have attracted about 2,000 participants.
And starting Wednesday, a new Web site, nyc.gov/health/restaurants, will offer the public up-to-date specifics on each restaurant’s inspection, as well as maps and even street views of the establishments.
“This is the biggest change we’ve implemented in many years,” said Dr. Thomas Farley, commissioner of the health department, which has budgeted $3.2 million for the effort.
Public pressure exerted by the letter grades, Dr. Farley said, will “force restaurants to be diligent about good food-safety practices.”
The city is not the only body gearing up. Two weeks ago, the New York State Restaurant Association, which has fought the grading system since it was first proposed 19 months ago, sent a letter to some 3,500 eating establishments, rallying opposition and raising money for a possible legal challenge, said Robert Bookman, legislative counsel for the group’s New York City chapters.
“We don’t know that the government can compel you to post a sign that expresses an opinion about your business that you do not share,” Mr. Bookman said.
The new ratings will arrive piecemeal. During inspections on Wednesday, only the 8-by-10-inch placards designating an A grade are expected to be posted, since restaurants that receive a lower grade will automatically be inspected again at a later date. If the restaurants are still unhappy with their grade, they have the right to seek an administrative hearing.
Indeed, the first B’s and C’s may not be posted until late August, and rating placards will not reach all restaurants until fall 2011.
The new inspection rules require restaurateurs to post the placards prominently, displaying ratings that were previously available only at the health department or on its Web site. Failure to do so will be punishable by a $1,000 fine, with additional penalties for counterfeiting.
The placards have been knocked out at the rate of 6,000 an hour in the department’s print shop in the basement of 80 Centre Street. The blue A card will correspond to 0 to 13 points under the old system, which imposed numerical penalties for each violation. A green B will designate a less sanitary 13 to 27 points, and an orange C will represent 28 points or more. A black-and-white “grade pending” sign will be posted in restaurants that are appealing their scores.
It is perhaps a measure of the department’s optimism that Nicholas J. Monello, director of printing operations, said he had fulfilled orders for 9,375 A’s — more than the number of B’s and C’s combined. All have been numbered and embossed to prevent counterfeiting.
The department has replaced its paper documents with an electronic system to handle the increased demand that it expects for administrative tribunals, the courts that assess fines and adjudicate disputed inspections, said Daniel Kass, a deputy commissioner. For the first time, online settlements will be permitted, if restaurants acknowledge their violations in exchange for discounted fines.
More than 200 hand-held scoring devices have been rebuilt. Every unit “had to be encrypted, which took from two to three hours for each,” said Robert D. Edman, an assistant health commissioner.
“That’s so that if they are lost,” he continued, “no one can access their information.”
Inspectors have attended four-hour training sessions on letter-grade issues, and health officials have held dozens of educational meetings with restaurant workers.
One morning this month, in the basement auditorium of the Queens Public Library in Flushing, Elliott S. Marcus, an associate health commissioner, answered questions from 70 restaurant workers and owners.
“You have to post the cards on a front window, door or exterior wall within five feet of the main street entrance, from four to six feet in height,” Mr. Marcus said.
Many restaurateurs contend that the new system is confusing, and some have predicted a mass shuttering of businesses rated B and C. Through months of public debate, the department removed many inspection categories from the scoring process, so that restaurants would not receive low grades based on administrative violations like a failure to post informational signs. Some requirements, like those governing food temperature, have been relaxed.
Still, Mr. Bookman, counsel for the restaurant association, said, “We don’t think they went nearly far enough in making changes.”
At the Queens workshop, Anna Nikopoulos, owner of Pete’s Cafe in Bayside, complained that “they are trying to implement too much here in a recession.”
But Sarvjit Singh, owner of the Sohna Punjab restaurant in Bellerose, said he had no worries about maintaining a clean restaurant. “I tell my chef he should be cooking as if he were eating that food,” he said.

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Telefónica Wins Control of Brazilian Operator After Raising Bid

Telefónica of Spain won full control of the mobile phone joint venture it had with Portugal Telecom in Brazil after raising its bid for a third time to 7.5 billion euros, thereby overcoming opposition from the Portuguese government.
The deal, worth about $9.8 billion, was announced Wednesday morning by the Spanish stock market regulator.
It should end a lengthy tussle between two European operators that have come to rely increasingly on earnings from Brazil’s fast-growing mobile phone market to offset sluggish sales at home.
Telefónica will now be paying almost a third more than it initially offer in early May for Portugal Telecom’s 50 percent stake in the holding company that controls Vivo, the leading operator in Brazil.
Last month, the Portuguese government vetoed an increased offer of 7.15 billion euros. José Sócrates, the Portuguese prime minister, justified the decision by saying that a presence in the lucrative Brazilian market was “strategic and fundamental for the development of Portugal Telecom.”
The government’s veto overrode a vote by Portugal Telecom shareholders in favor of the Spanish offer. The European Court of Justice also found that the government had used an illegal method to block the deal.
The agreement Wednesday is likely to come as a relief to investors on both sides, after the Spanish operator had threatened to launch what was likely to be a lengthy and costly legal battle to circumvent the Portuguese veto and gain control of Vivo.
A report Wednesday on the website of Jornal de Negócios, a Portuguese newspaper, said that Portugal Telecom planned to use part of the proceeds from the Vivo sale to buy a stake of 21 percent in another Brazilian operator, Oi, for about 3.75 billion euros. That deal, if completed, would allow Portugal Telecom to maintain a Brazilian presence.
Telefónica and Portugal Telecom shares were suspended from trading on Wednesday morning. Meanwhile, the shares of Banco Espirito Santo soared 5 percent. The bank is the largest shareholder in Portugal Telecom, with a stake of 8 percent, and had already voted in favor of the earlier bid.
Telefónica revenues in Spain fell 3.9 percent in the first quarter, while revenues from Brazil and its other Latin American businesses rose 4.2 percent. A similar scenario has unfolded for Portugal Telecom, whose domestic wireless revenues fell 6.5 percent in the first quarter while revenues from its Brazilian wireless business rose 26 percent.

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Don’t Give the Tax Credit Too Much Credit

The Home Buyer Tax Credit contained in the American Recovery and Reinvestment Act of 2009 has been given much credit for buoying the housing market. But simple arithmetic shows that the credit’s effect has been minimal.
The law passed in February 2009 included a temporary 10 percent capped tax credit for qualified first-time home buyers. Later the program was expanded to include repeat home buyers, and recently home buyers were given until September 2010 to complete their qualified transaction.
Last week the Federal Housing Finance Agency released its housing price index for May 2010, and yesterday the Standard & Poor’s/Case-Shiller index was released. Both show that housing prices have not fallen significantly, if at all, from what they were a year before. News articles have asserted that housing prices stopped falling because of the tax credit and have planted seeds of worry that a housing-market collapse could continue when the credit expires.
The Internal Revenue Service reports that only $19 billion of tax credits have been claimed so far. The average credit was $6,000 to $7,000, small compared with the average sales price for a home of more than $200,000. More importantly, most home sales transactions involved no tax credit because the buyer was unqualified, or perhaps unaware. If these transactions were at all affected by the credit, it was only because they occurred in a wider market in which some transactions did involve credits.

But the wider market is quite a bit wider: the stock of owner-occupied houses in the United States is worth about $14 trillion, with an additional $3 trillion of rental housing. From this perspective, the $19 billion in first-time home buyer tax credits amounts to about one-tenth of 1 percent.
For the same reason, the possible expiration of credit is not an important event for the housing market. The credit was not designed to last more than year or two, whereas houses last decades or even centuries. Most of the value of a house accrues in the decades after the first year or two of its existence.
Certainly some housing construction projects and housing purchase deals were accelerated to conclude before the credit expired. But accelerating a deal is far different than creating a deal out of thin air.  That’s why I expect little, if any, housing price reduction after the credit expires.

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THE Thai Union to Buy MWB in $884 Million Deal

Thai Union Frozen Products, a seafood exporter, said Thursday that it had agreed to buy MW Brands, a tuna canner, from Trilantic Capital Partners to form one of the world’s largest seafood companies. The deal values MW Brands at 680 million euros, or $884 million.
MWB controls brands like John West, Petit Navire, Hyacinthe Parmentier and Mareblu, while Thai Union owns Chicken of the Sea.
Thiraphong Chansiri, president of Thai Union, said the deal would give his Thailand-based company better access to supplies and end markets, double the fleet size, improve its position in tuna canning and create cost-saving synergies. MWB, with its headquarters in Paris, had sales of 448 million euros for the last fiscal year, Thai Union said.

Thai Union beat out a number of private equity firms including Blackstone Group, which advanced the most in the bidding, as well as Bolton Group, a tuna canner, a person with direct knowledge of the matter said.

Once combined with MWB, Thai Union will have a total debt to Ebitda ratio of 4.25, the person said, asking to remain anonymous because he was not authorized to speak publicly. Ebitda stands for earnings before interest, tax, depreciation and amortization.

Thai Union shares fell 1.5 baht, or 3.14 percent, to 46.25 baht, or $1.43, in Bangkok on Wednesday.

Thai Union, which said the financing was fully arranged, used Morgan Stanley and Bualuang Securities as financial advisors, while Trilantic Capital Partners relied on UBS.

MW Brands had been in the hands of Trilantic, a private equity firm, since 2006, when it was bought from HJ Heinz.

Based in New York, Trilantic was once Lehman Brothers Merchant Banking, the buyout business of the failed investment bank. After its parent’s collapse, the unit was bought by Reinet Investments, run by the Rupert family of South Africa.

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