বুধবার, ৩১ অক্টোবর, ২০১২

UBS To Cut 10,000 Jobs, Workers Irate [UPDATE] - Careers Articles

UBS cuts 10,000 jobs

GENEVA -- Swiss banking giant UBS AG is to cut as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank.

The news of the layoffs came as Switzerland's biggest bank posted another big loss for the third quarter. It said Tuesday that the job cuts are part of a strategy to shore up profits.

As a result, UBS said that it needs to reduce its headcount to "around 54,000" by 2015, down from its current 64,000 employees in 57 countries.

Some 7,500 jobs are to be cut mainly in London and the United States, where UBS has a prominent building and trading operations in Stamford, Conn., near New York City. The other 2,500 cuts are to be in Switzerland.

UPDATE: Tuesday, 2:40 p.m. -- Some UBS staffers were irate as dozens learned of the layoffs only when they showed up to work and were stopped from entering the bank's London offices Tuesday, according to Reuters.

They found their employee cards were no longer working and were then "escorted" to human resources, where they received their personal items in a bag and a letter telling them they'd have two weeks paid leave. Reuters' report said employees took to social media to vent.

Chafing at their treatment, several tweeters revived "U've Been Sacked," an invented acronym for UBS which circulated in 1998 after the bank fired hundreds of staff following the merger of the two big Swiss banks which formed today's UBS.

The announcement of the job cuts came as the Zurich-based bank posted a loss of 2.17 billion Swiss francs ($2.31 billion) in the third quarter, in contrast to last year' equivalent net profit of 1.02 billion Swiss francs.

UBS blamed the loss on a 3.1 billion francs charge at the investment bank and an 863 million francs hit linked to an accounting rule on how banks must value their debt.

More: Top 10 Soft Skills For Job Hunters

Banks can post gains if the value of their debt falls, because it would theoretically become cheaper for the bank to repurchase that debt. But the rule also says that when a bank's debt increases, it must take a write-down, because it would theoretically have to pay more to buy back its own debt on the open market.

In what it called "a significant acceleration" in its transformation, the bank said it would sharpen its focus on the investment bank and appoint a new executive, Andrea Orcel, formerly of Bank of America Corp., to lead it. The current co-head of the investment bank, Carsten Kengeter, is stepping down from the group's executive board to unwind the non-core assets.

UBS said that it also plans to save 3.4 billion francs in additional costs through 2015, but that the reorganization will result in restructuring charges of 3.3 billion francs over the next three years, including about a half-billion francs in the fourth quarter.

UBS CEO Sergio Ermotti said the investment unit, which has been hit by a series of costly blunders in recent years, will "continue to be a significant global player in its core businesses."

But tighter industry-wide requirements for banks to increase their capital cushion also have hurt profitability as banks have less cash to invest.

"It can't get better than this point for us to act," he told reporters.

Ermotti, who took over in November after the discovery of unauthorized trading last year, has been downsizing the investment bank to meet stricter capital requirements and shrinking profits due largely to Europe's sovereign debt crisis.

More: No. 1 Way To Jump Start A Stalled Job Search

Former UBS trader Kweku Adoboli has been facing trial in London this month on charges of committing fraud that cost the bank $2.3 billion. He has told the jury that the losses came after senior traders persuaded him to change from a bearish to a bullish point of view in July 2011.

But the bank also has been under fire on other fronts. In 2008, it was forced to seek a bailout from the Swiss government when it was hard hit by the financial crisis and its fixed-income unit had more than $50 billion in losses.

UBS is one of several global banks being investigated in the U.S. and other countries for alleged rigging of benchmark interest rates known as Libor, or London Interbank Offered Rate. In April, Ermotti said Switzerland's tax disputes with the United States and some European nations are "an economic war" putting 20,000 jobs at risk.

Switzerland has been trying to shed its image as a tax haven, signing deals with the United States, Germany and Britain to provide greater assistance to foreign tax authorities seeking information on their citizens' accounts in the Alpine nation.

But the tax agreements have drawn fire from Switzerland's nationalist People's Party, which won more than a quarter of the vote in last year's general election, with some lawmakers saying they will try to block the treaties through referendums.


AOL Jobs contributed to this report.
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Source: http://jobs.aol.com/articles/2012/10/30/ubs-to-cut-10-000-jobs/

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শনিবার, ২৭ অক্টোবর, ২০১২

Obama epithet raises ire of Romney campaign

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Source: http://news.yahoo.com/obama-epithet-raises-ire-romney-campaign-215734976.html

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Obama rebuts claims he?s lying about Benghazi attack

President Barack Obama speaks during a campaign rally in Richmond, Virginia. (Kevin Lamarque/Reuters)President Barack Obama on Friday forcefully denied deliberately misleading Americans about the deadly attack on the U.S. Consulate in the Libyan city of Benghazi, telling radio host Michael Smerconish, "I've always been straight with the American people."

Speaking to Smerconish during a 15-minute Oval Office interview, Obama also declared he was?"absolutely" prepared to kill those behind the assault but would prefer to capture them and "bring them to justice."

Asked whether the administration's shifting explanation for the September 11strike reflected the intelligence he was receiving, Obama replied: "What's true is that the intelligence was coming in and evolving as more information came up.

"And what is true," he continued, "...This is something that the American people can take to the bank?is that my administration plays this stuff straight. We don't play politics when it comes to American national security," the president said. "As information came in we gave it to the American people. And as we got new information, we gave that to the American people."

When and if the location of those behind the attack is known, Smerconish asked, "Will you take that person out without regard for the election timetable?"

"Absolutely," Obama replied. "But I think our goal would be to bring them to justice."

Questions have arisen about Obama's response to the Arab Spring occurring in countries across the broader Middle East. State Department officials have acknowledged turning down requests for more security in Libya. And Republicans have questioned the president's truthfulness after the administration spent days, they say, blaming the assault on reaction to an Internet film that ridicules Islam. Yahoo News reported in late September that American officials had concluded on Day One that terrorists were behind the siege. But?The Wall Street Journal reported on Monday that Obama's presidential daily brief from the CIA tied the assault to a spontaneous protest linked to the video?despite intelligence contradicting that scenario.

Asked whether he knew Americans in Libya had asked for more security, Obama replied: "I was not personally aware of any request. Obviously we have an infrastructure that's set up to manage requests like that," in reference to the State Department.

"But we're going to find out exactly what happened," he said. "Ultimately, though, any time there is a death of an American overseas, I want to find out what happened, because my most important job as president is keeping the American people safe."

"And we will get to the bottom of what happened, and we're going to make sure most importantly that those who carried it out, that they are captured," Obama said.

He also said he takes "full responsibility" for the circumstances in the attack, in which Ambassador Chris Stevens and three other Americans were killed. The suspects have not been publicly or conclusively identified, though Egyptian officials say a man suspected to have been involved was killed on Wednesday in a shootout in the capital, Cairo.

"My biggest priority right now is bringing those folks to justice. And I think the American people have seen that's a commitment I always keep," the president said, an apparent reference to the bin Laden raid.

Obama harshly criticized Romney for his response to the crisis. The former Massachusetts governor, in his first statement, implied the administration had sided with the attackers. Smerconish asked whether Romney's criticisms of the changing explanation for the attack were "disingenuous," given he started getting intelligence briefings himself (though they only began roughly one week later, on September 17).

"He certainly understood that when our diplomats are still under fire?not just in Benghazi but around the world, in Cairo, in Pakistan, etc.?that if you aspire to be commander in chief you don't release a political press release.," Obama said. "You don't have a political press conference that tries to take advantage of that opportunity that is so reckless that even members of your own party criticize you for it."

The president said a top priority was making sure that Americans are kept informed on matters of national security "within the constraints of classified information that would endanger folks in the field, so that people can have confidence that their president and everybody involved in national security is working for them."

Asked whether Romney had toned down his sharp criticisms on Libya because of what he learned in intelligence briefings, Obama said he doubted his rival was "constrained" by facts. "I just don't think that that was getting a lot of political traction for them," he said.

Obama was not asked about, and did not bring up, a report by Fox News Channel that American officials repeatedly asked for military help during the assault but were rebuffed by CIA higher-ups. A spokesman for the president's National Security Council did not acknowledge a request for comment on that report. But Defense Secretary Leon Panetta made a comment on Thursday about "Monday morning quarterbacking," saying a clear picture of events on the ground leading up to the attack has not yet emerged.

Source: http://news.yahoo.com/blogs/ticket/obama-denies-misleading-benghazi-vows-capture-plotters-184349903--election.html

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শুক্রবার, ২৬ অক্টোবর, ২০১২

Elizabeth Warren for president 2016?

Spinners and Winners

The marquee Senate race this year is in Massachusetts, where Democrat Elizabeth Warren is challenging incumbent Republican Sen. Scott Brown.

"I never thought I'd run for public office, but I feel the urgency of this moment," says Warren. "If we don't make some important changes and make them soon, this country is going to change fundamentally, and it's not for the better."

Democrats took notice of the former Harvard professor late last year, when a?video of Warren speaking on fair taxation and debt surfaced online.

"There is nobody in this country who got rich on his own. Nobody," Warren says in the video. "You built a factory out there, good for you, but I want to be clear, you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you all were safe in your factory because of police forces and fire forces that the rest of us paid for."

Warren's popularity among Democrats has only increased since then; there are already people talking, tweeting, and posting about Elizabeth Warren running for president in 2016.

"I have 5 words for that: No, no, no, no, no," says Warren, with a laugh. Though the woman who established the Consumer Protection Bureau is keen to get back to Washington, and says she is willing to work across the aisle and even with a -- unlikely, she says -- Romney administration.

"I want to go to Washington to fight for working families," says Warren "And that is true regardless of who is president and regardless of who else is in the United States Senate."

For more on Elizabeth Warren, including the candidate's views on the Supreme Court and which Republican senators she sees herself working with, check out today's Spinners and Winners. And head to yesterday's episode for our interview with incumbent GOP Sen. Scott Brown.

Source: http://news.yahoo.com/blogs/power-players-abc-news/elizabeth-warren-2016-111200552.html

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Treasure Planet - Detailed Review

From the directors of Disney?s ALADDIN and THE LITTLE MERMAID comes a spectacular new motion picture for the entire family. Buckle up for thrills and excitement as a classic story of friendship, courage, and self-discovery gets an incredible futuristic twist for an all-new generation. It?s ?another jewel in the crown of Disney animated classics? (Clay Smith, Access Hollywood). A secret map inspires a thrilling treasure hunt across the universe as young Jim Hawkins and a hilarious cosmic crew headed by the daring Captain Amelia set off in search of their destiny. Aboard a glittering space galleon, Jim meets the ship?s cyborg cook, John Silver, who teaches him the value of friendship and the power of dreams. Jim soon teams up with his crazy new robot pal, B.E.N., and the shape-shifting Morph to discover a treasure greater than he ever imagined. Featuring an all-star voice cast including Emma Thompson, Martin Short, David Hyde Pierce, Joseph Gordon-Levitt, Brian Murray, and Michael Wincott ? TREASURE PLANET is ?a magical, inventive, and utterly delightful movie? (Paul Clinton, CNN).

Product Features:

  • Condition: New
  • Format: DVD
  • Animated; Closed-captioned; Color; Dolby; NTSC

Product Reviews:

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About Souvik

Web Developer and SEO Specialist with 8+ years of experience in open source web development. He is also the moderator of this blog (www.rswebsols.com)

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Source: http://www.rswebsols.com/astore/disney/treasure-planet-detailed-review

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Pre-paid SMS ban in J&K taken at behest of Home Mi - Worldnews ...

Kashmir (Balti, Gojri, Poonchi/Chibhali, Dogri: ??????; Kashmiri: ?????, ??????; Ladakhi: ?????; Uyghur: ; Shina: ?????) is the northwestern region of the Indian subcontinent. Until the mid-19th century, the term Kashmir geographically denoted only the valley between the Great Himalayas and the Pir Panjal mountain range. Today Kashmir denotes a larger area that includes the Indian-administered state of Jammu and Kashmir (which consists of the divisions: the Kashmir valley, Jammu and Ladakh), the Pakistani-administered Gilgit?Baltistan and the Azad Kashmir provinces, and the Chinese-administered regions of Aksai Chin and Trans-Karakoram Tract.

In the first half of the first millennium, the Kashmir region became an important center of Hinduism and later of Buddhism; later still, in the ninth century, Kashmir Shaivism arose. In 1349, Shah Mir became the first Muslim ruler of Kashmir and inaugurated the Salatin-i-Kashmir or Swati dynasty. For the next five centuries, Muslim monarchs ruled Kashmir, including the Mughals, who ruled from 1526 until 1751, then the Afghan Durrani Empire that ruled from 1747 until 1820. That year, the Sikhs, under Ranjit Singh, annexed Kashmir. In 1846, upon the purchase of the region from the British under the Treaty of Amritsar, the Dogras?under Gulab Singh?became the new rulers. Dogra Rule, under the paramountcy (or tutelage) of the British Crown, lasted until 1947, when the former princely state became a disputed territory, now administered by three countries: India, Pakistan, and the People's Republic of China.

Etymology

The word Kashmir is an ancient Sanskrit word which literally means Land of Kashyap Rishi. Kashyap Rishi was a Saraswat Brahmin and one of the Saptarshis, who was key in formalizing the ancient Historical Vedic Religion. The Kashmiri Pandits are his descendants and have named the valley after him, in his honour.

History

Buddhism in Kashmir

The Buddhist Mauryan emperor Ashoka is often credited with having founded the old capital of Kashmir, Shrinagari, now ruins on the outskirts of modern Srinagar. Kashmir was long to be a stronghold of Buddhism.

As a Buddhist seat of learning, the Sarv?stiv?dan school strongly influenced Kashmir. East and Central Asian Buddhist monks are recorded as having visited the kingdom. In the late 4th century AD, the famous Kuchanese monk Kum?raj?va, born to an Indian noble family, studied D?rgh?gama and Madhy?gama in Kashmir under Bandhudatta. He later became a prolific translator who helped take Buddhism to China. His mother J?va is thought to have retired to Kashmir. Vimal?k?a, a Sarv?stiv?dan Buddhist monk, travelled from Kashmir to Kucha and there instructed Kum?raj?va in the Vinayapi?aka.

Adi Shankara visited the pre-existing (Sharada Peeth) in Kashmir in late 8th century or early 9th century AD. The Madhaviya Shankaravijayam states this temple had four doors for scholars from the four cardinal directions. The southern door (representing South India) had never been opened, indicating that no scholar from South India had entered the Sarvajna Pitha. Adi Shankara opened the southern door by defeating in debate all the scholars there in all the various scholastic disciplines such as Mimamsa, Vedanta and other branches of Hindu philosophy; he ascended the throne of Transcendent wisdom of that temple.

Abhinavagupta (approx. 950 - 1020 AD) was one of India's greatest philosophers, mystics and aestheticians. He was also considered an important musician, poet, dramatist, exeget, theologian, and logician - a polymathic personality who exercised strong influences on Indian culture. He was born in the Valley of Kashmir in a family of scholars and mystics and studied all the schools of philosophy and art of his time under the guidance of as many as fifteen (or more) teachers and gurus. In his long life he completed over 35 works, the largest and most famous of which is Tantr?loka, an encyclopedic treatise on all the philosophical and practical aspects of Trika and Kaula (known today as Kashmir Shaivism). Another one of his very important contributions was in the field of philosophy of aesthetics with his famous Abhinavabh?rat? commentary of N??ya??stra of Bharata Muni.

In the 10th century AD Moksopaya or Moksopaya Shastra, a philosophical text on salvation for non-ascetics (moksa-upaya: 'means to release'), was written on the Pradyumna hill in ?r?nagar. It has the form of a public sermon and claims human authorship and contains about 30,000 shloka's (making it longer than the Ramayana). The main part of the text forms a dialogue between Vasistha and Rama, interchanged with numerous short stories and anecdotes to illustrate the content. This text was later (11th to the 14th century AD) expanded and vedanticized, which resulted in the Yoga Vasistha.

Muslim rule

The Muslims and Hindus of Kashmir lived in relative harmony, since the Sufi-Islamic way of life that Muslims followed in Kashmir complemented the Rishi tradition of Kashmiri Pandits, and Sufi saints such as Sheikh Noor-ud-din Wali were thought of as Muslim Rishis. This led to a syncretic culture where Hindus and Muslims revered the same local saints and prayed at the same shrines . Famous sufi saint Bulbul Shah was able to convert Rinchan Shah who was then prince of Kashgar Ladakh to an Islamic lifestyle, thus founding the Sufiana composite culture. Under this rule, Muslim, Hindu and Buddhist Kashmiris generally co-existed peacefully. Over time, however, the Sufiana governance gave way to outright Muslim monarchs.

First Muslim ruler: Shah Mir Swati-Shams Al-Din

Shah Mir was the First Muslim ruler of Kashmir and the founder of the Swati dynasty named after him. Jonaraja, in his Rajatarangini mentioned him as Sahamera who was a Pashtun from Swat region, the (then) tribal belt of Pakhtunkhwa province of present day Pakistan. Shah Mir was succeeded by his eldest son Jamshid, but he was deposed by his brother Ali Sher probably within few months, who ascended the throne under the name of Alauddin[1] Following the Shahmiri Dynasty, was the Chak Dynasty that ruled until Mughal conquest in 1586. In his Book, the New Islamic Dynasties, Clifford Edmond Bosworth has referred to the King as Shah Mir Swati, Shams Al Din; p/310).

Some Kashmiri rulers, such as Sultan Zain-ul-Abidin who was popularly known as Budshah(?????) (the King) (r.1423-1474), were tolerant of all religions in a manner comparable to Akbar. However, several Muslim rulers of Kashmir were intolerant of other religions. Sult?n Sikandar Butshikan of Kashmir (AD 1389-1413) is often considered the worst of these. Historians have recorded many of his atrocities. The Tarikh-i-Firishta records that Sikandar persecuted the Hindus and issued orders proscribing the residence of any other than Muslims in Kashmir. He also ordered the breaking of all "golden and silver images". The Tarikh-i-Firishta further states: "Many of the Brahmins, rather than abandon their religion or their country, poisoned themselves; some emigrated from their native homes, while a few escaped. After the emigration of the Brahmins, Sikandar ordered all the temples in Kashmir to be thrown down. Having broken all the images in Kashmir, (Sikandar) acquired the title of 'Destroyer of Idols'."

Kalhana's metrical chronicle of the kings of Kashmir, called the Rajatarangini, has been pronounced by Professor H. H. Wilson to be the only Sanskrit composition yet discovered to which the appellation "history" can with any propriety be applied. It first became known to the Muslims when, on Akbar's invasion of Kashmir in 1588, a copy was presented to the emperor. A translation into Persian was made at his order. A summary of its contents, taken from this Persian translation, is given by Abul Fazl in the Ain-i-Akbari. The Rajatarangini was written around the middle of the 12th century. His work, in six books, makes use of earlier writings that are now lost.

The Rajatarangini is the first of a series of four histories that record the annals of Kashmir. Commencing with a rendition of traditional history of very early times, the Rajatarangini comes down to the reign of Sangrama Deva, (c.1006 AD). The second work, by Jonaraja, continues the history from where Kalhana left off, and, entering the Muslim period, gives an account of the reigns down to that of Zain-ul-Abidin, 1412. Srivara carried on the record to the accession of Fah Shah in 1486. The fourth work, called Rajavalipataka, by Prajnia Bhatta, completes the history to the time of the incorporation of Kashmir in the dominions of the Mogul emperor Akbar, 1588.

Sikh rule

In 1819, the Kashmir valley passed from the control of the Durrani Empire of Afghanistan, and four centuries of Muslim rule under the Mughals and the Afghans, to the conquering armies of the Sikhs under Ranjit Singh of Lahore. As the Kashmiris had suffered under the Afghans, they initially welcomed the new Sikh rulers. However, the Sikh governors turned out to be hard taskmasters, and Sikh rule was generally considered oppressive, protected perhaps by the remoteness of Kashmir from the capital of the Sikh empire in Lahore; The Sikhs enacted a number of anti-Muslim laws, which included handing out death sentences for cow slaughter, closing down the Jamia Masjid in Srinagar, and banning the azaan, the public Muslim call to prayer. Kashmir had also now begun to attract European visitors, several of whom wrote of the abject poverty of the vast Muslim peasantry and of the exorbitant taxes under the Sikhs. High taxes, according to some contemporary accounts, had depopulated large tracts of the countryside, allowing only one-sixteenth of the cultivable land to be cultivated. However, after a famine in 1832, the Sikhs reduced the land tax to half the produce of the land and also began to offer interest-free loans to farmers; Kashmir became the second highest revenue earner for the Sikh empire. During this time Kashmiri shawls became known world wide, attracting many buyers especially in the west.

Earlier, in 1780, after the death of Ranjit Deo, the Raja of Jammu, the kingdom of Jammu (to the south of the Kashmir valley) was also captured by the Sikhs and afterwards, until 1846, became a tributary to the Sikh power. Ranjit Deo's grandnephew, Gulab Singh, subsequently sought service at the court of Ranjit Singh, distinguished himself in later campaigns, especially the annexation of the Kashmir valley, and, for his services, was appointed governor of Jammu in 1820. With the help of his officer, Zorawar Singh, Gulab Singh soon captured for the Sikhs the lands of Ladakh and Baltistan to the east and north-east, respectively, of Jammu.

Princely state

In 1845, the First Anglo-Sikh War broke out. According to the Imperial Gazetteer of India,

"Gulab Singh contrived to hold himself aloof till the battle of Sobraon (1846), when he appeared as a useful mediator and the trusted advisor of Sir Henry Lawrence. Two treaties were concluded. By the first the State of Lahore (i.e. West Punjab) handed over to the British, as equivalent for one crore indemnity, the hill countries between the rivers Beas and Indus; by the second the British made over to Gulab Singh for 75 lakhs all the hilly or mountainous country situated to the east of the Indus and the west of the Ravi i.e. the Vale of Kashmir)."

Drafted by a treaty and a bill of sale, and constituted between 1820 and 1858, the Princely State of Kashmir and Jammu (as it was first called) combined disparate regions, religions, and ethnicities: to the east, Ladakh was ethnically and culturally Tibetan and its inhabitants practised Buddhism; to the south, Jammu had a mixed population of Hindus, Muslims and Sikhs; in the heavily populated central Kashmir valley, the population was overwhelmingly Sunni Muslim, however, there was also a small but influential Hindu minority, the Kashmiri brahmins or pandits; to the northeast, sparsely populated Baltistan had a population ethnically related to Ladakh, but which practised Shi'a Islam; to the north, also sparsely populated, Gilgit Agency, was an area of diverse, mostly Shi'a groups; and, to the west, Punch was Muslim, but of different ethnicity than the Kashmir valley. After the Indian Rebellion of 1857, in which Kashmir sided with the British, and the subsequent assumption of direct rule by Great Britain, the princely state of Kashmir came under the suzerainty of the British Crown.

In the British census of India of 1941, Kashmir registered a Muslim majority population of 77%, a Hindu population of 20% and a sparse population of Buddhists and Sikhs comprising the remaining 3%. That same year, Prem Nath Bazaz, a Kashmiri Pandit journalist wrote: ?The poverty of the Muslim masses is appalling. ... Most are landless laborers, working as serfs for absentee [Hindu] landlords ... Almost the whole brunt of official corruption is borne by the Muslim masses.? For almost a century until the census, a small Hindu elite had ruled over a vast and impoverished Muslim peasantry. Driven into docility by chronic indebtedness to landords and moneylenders, having no education besides, nor awareness of rights, the Muslim peasants had no political representation until the 1930s.

1947 and 1948

Ranbir Singh's grandson Hari Singh, who had ascended the throne of Kashmir in 1925, was the reigning monarch in 1947 at the conclusion of British rule of the subcontinent and the subsequent partition of the British Indian Empire into the newly independent Union of India and the Dominion of Pakistan. According to Burton Stein's History of India,
"Kashmir was neither as large nor as old an independent state as Hyderabad; it had been created rather off-handedly by the British after the first defeat of the Sikhs in 1846, as a reward to a former official who had sided with the British. The Himalayan kingdom was connected to India through a district of the Punjab, but its population was 77 per cent Muslim and it shared a boundary with Pakistan. Hence, it was anticipated that the maharaja would accede to Pakistan when the British paramountcy ended on 14?15 August. When he hesitated to do this, Pakistan launched a guerrilla onslaught meant to frighten its ruler into submission. Instead the Maharaja appealed to Mountbatten for assistance, and the governor-general agreed on the condition that the ruler accede to India. Indian soldiers entered Kashmir and drove the Pakistani-sponsored irregulars from all but a small section of the state. The United Nations was then invited to mediate the quarrel. The UN mission insisted that the opinion of Kashmiris must be ascertained, while India insisted that no referendum could occur until all of the state had been cleared of irregulars."

In the last days of 1948, a ceasefire was agreed under UN auspices, but since the plebiscite demanded by the UN was never conducted, relations between India and Pakistan soured, and eventually led to two more wars over Kashmir in 1965 and 1999. India has control of about half the area of the former princely state of Jammu and Kashmir, while Pakistan controls a third of the region, the Northern Areas and Azad Kashmir. According to Encyclop?dia Britannica, "Although there was a clear Muslim majority in Kashmir before the 1947 partition and its economic, cultural, and geographic contiguity with the Muslim-majority area of the Punjab (in Pakistan) could be convincingly demonstrated, the political developments during and after the partition resulted in a division of the region. Pakistan was left with territory that, although basically Muslim in character, was thinly populated, relatively inaccessible, and economically underdeveloped. The largest Muslim group, situated in the Valley of Kashmir and estimated to number more than half the population of the entire region, lay in Indian-administered territory, with its former outlets via the Jhelum valley route blocked."

Current status and political divisions

The eastern region of the former princely state of Kashmir has also been involved in a boundary dispute. In the late 19th- and early 20th centuries, although some boundary agreements were signed between Great Britain, Afghanistan and Russia over the northern borders of Kashmir, China never accepted these agreements, and the official Chinese position did not change with the communist revolution in 1949. By the mid-1950s the Chinese army had entered the north-east portion of Ladakh. : "By 1956?57 they had completed a military road through the Aksai Chin area to provide better communication between Xinjiang and western Tibet. India's belated discovery of this road led to border clashes between the two countries that culminated in the Sino-Indian war of October 1962."

The region is divided among three countries in a territorial dispute: Pakistan controls the northwest portion (Northern Areas and Azad Kashmir), India controls the central and southern portion (Jammu and Kashmir) and Ladakh, and China controls the northeastern portion (Aksai Chin and the Trans-Karakoram Tract). India controls the majority of the Siachen Glacier area including the Saltoro Ridge passes, whereas Pakistan controls the lower territory just southwest of the Saltoro Ridge. India controls of the disputed territory, Pakistan and China, the remaining .

Jammu and Pakistan administered Kashmir lie outside Pir Panjal range, and are under Indian and Pakistani control respectively. These are populous regions. The main cities are Mirpur, Dadayal, Kotli, Bhimber Jammu, Muzaffarabad and Rawalakot.

The Gilgit?Baltistan, formerly called Northern Areas, are a group of territories in the extreme north, bordered by the Karakoram, the western Himalayas, the Pamir, and the Hindu Kush ranges. With its administrative center at the town of Gilgit, the Northern Areas cover an area of 72,971?km? (28,174?mi?) and have an estimated population approaching 1,000,000. The other main city is Skardu.

Ladakh is a region in the east, between the Kunlun mountain range in the north and the main Great Himalayas to the south. Main cities are Leh and Kargil. It is under Indian administration and is part of the state of Jammu and Kashmir. It is one of the most sparsely populated regions in the area and is mainly inhabited by people of Indo-Aryan and Tibetan descent.

Aksai Chin is a vast high-altitude desert of salt that reaches altitudes up to . Geographically part of the Tibetan Plateau, Aksai Chin is referred to as the Soda Plain. The region is almost uninhabited, and has no permanent settlements.

Though these regions are in practice administered by their respective claimants, neither India nor Pakistan has formally recognised the accession of the areas claimed by the other. India claims those areas, including the area "ceded" to China by Pakistan in the Trans-Karakoram Tract in 1963, are a part of its territory, while Pakistan claims the entire region excluding Aksai Chin and Trans-Karakoram Tract. The two countries have fought several declared wars over the territory. The Indo-Pakistani War of 1947 established the rough boundaries of today, with Pakistan holding roughly one-third of Kashmir, and India one-half, with a dividing line of control established by the United Nations. The Indo-Pakistani War of 1965 resulted in a stalemate and a UN-negotiated ceasefire.

Demographics

In the 1901 Census of the British Indian Empire, Muslims constituted 74.16% of the total population of the princely state of Kashmir and Jammu where Gujjar Muslims constitute 20% population, Hindus, 23.72%, and Buddhists, 1.21%. The Hindus were found mainly in Jammu, where they constituted a little less than 70% of the population. In the Kashmir Valley, Muslims constituted 95.6% of the population and Hindus 3.24%. These percentages have remained fairly stable for the last 100 years. Forty years later, in the 1941 Census of British India, Muslims accounted for 93.6% of the population of the Kashmir Valley and the Hindus for 4%. In 2003, the percentage of Muslims in the Kashmir Valley was 95% and those of Hindus 4%; the same year, in Jammu, the percentage of Hindus was 66% and those of Muslims 30%. In the 1901 Census of the British Indian Empire, the population of the princely state of Kashmir and Jammu was 2,905,578. Of these 2,154,695 were Muslims (74.16%), 689,073 Hindus (23.72%), 25,828 Sikhs, and 35,047 Buddhists.

Among the Muslims of the princely state, four divisions were recorded: "Shaikhs, Saiyids, Mughals, and Pathans. The Shaikhs, who are by far the most numerous, are the descendants of Hindus, but have retained none of the caste rules of their forefathers. They have clan names known as krams ..." It was recorded that these kram names included "Tantre," "Shaikh,", "Bhat", "Mantu," "Ganai," "Dar," "Damar," "Lon" etc. The Saiyids, it was recorded "could be divided into those who follow the profession of religion and those who have taken to agriculture and other pursuits. Their kram name is "Mir." While a Saiyid retains his saintly profession Mir is a prefix; if he has taken to agriculture, Mir is an affix to his name." The Mughals who were not numerous were recorded to have kram names like "Mir" (a corruption of "Mirza"), "Beg," "Bandi," "Bach," and "Ashaye." Finally, it was recorded that the Pathans "who are more numerous than the Mughals, ... are found chiefly in the south-west of the valley, where Pathan colonies have from time to time been founded. The most interesting of these colonies is that of Kuki-Khel Afridis at Dranghaihama, who retain all the old customs and speak Pashtu." Among the main tribes of Muslims in the princely state are the Butts, Dar, Lone, Jat, Gujjar, Rajput, Sudhan and Khatri. A small number of Butts, Dar and Lone use the title Khawaja and the Khatri use the title Shaikh the Gujjar use the title of Chaudhary. All these tribes are indigenous of the princely state and many Hindus also belong to these tribes.

The Hindus were found mainly in Jammu, where they constituted a little less than 60% of the population. In the Kashmir Valley, the Hindus represented "524 in every 10,000 of the population (i.e. 5.24%), and in the frontier wazarats of Ladhakh and Gilgit only 94 out of every 10,000 persons (0.94%)." In the same Census of 1901, in the Kashmir Valley, the total population was recorded to be 1,157,394, of which the Muslim population was 1,083,766, or 93.6% and the Hindu population 60,641. Among the Hindus of Jammu province, who numbered 626,177 (or 90.87% of the Hindu population of the princely state), the most important castes recorded in the census were "Brahmans (186,000), the Rajputs (167,000), the Khattris (48,000) and the Thakkars (93,000)."

In the 1911 Census of the British Indian Empire, the total population of Kashmir and Jammu had increased to 3,158,126. Of these, 2,398,320 (75.94%) were Muslims, 696,830 (22.06%) Hindus, 31,658 (1%) Sikhs, and 36,512 (1.16%) Buddhists. In the last census of British India in 1941, the total population of Kashmir and Jammu (which as a result of the second world war, was estimated from the 1931 census) was 3,945,000. Of these, the total Muslim population was 2,997,000 (75.97%), the Hindu population was 808,000 (20.48%), and the Sikh 55,000 (1.39%).

The Kashmiri Pandits, the only Hindus of the Kashmir valley, who had stably constituted approximately 4 to 5% of the population of the valley during Dogra rule (1846?1947), and 20% of whom had left the Kashmir valley by 1950, began to leave in much greater numbers in the 1990s. According to a number of authors, approximately 100,000 of the total Kashmiri Pandit population of 140,000 left the valley during that decade. Other authors have suggested a higher figure for the exodus, ranging from the entire population of over 150,000, to 190,000 of a total Pandit population of 200,000, to a number as high as 300,000.

Culture and cuisine

Kashmiri cuisine includes dum aloo (boiled potatoes with heavy amounts of spice), tzaman (a solid cottage cheese), rogan josh (lamb cooked in heavy spices), yakhiyn (lamb cooked in curd with mild spices), hakh (a spinach-like leaf), rista-gushtaba (minced meat balls in tomato and curd curry),danival korme and of course the signature rice which is particular to Asian cultures. The traditional wazwan feast involves cooking meat or vegetables, usually mutton, in several different ways.

Alcohol is strictly prohibited in most places. There are two styles of making tea in the region: Noon Chai, or salt tea, which is pink in colour (known as chinen posh rang or peach flower colour) and popular with locals; and kahwah, a tea for festive occasions, made with saffron and spices (cardamom, cinamon,sugar, noon chai leaves), and black tea.

Economy

Kashmir's economy is centred around agriculture. Traditionally the staple crop of the valley was rice, which formed the chief food of the people. In addition, Indian corn, wheat, barley and oats were also grown. Given its temperate climate, it is suited for crops like asparagus, artichoke, seakale, broad beans, scarletrunners, beetroot, cauliflower and cabbage. Fruit trees are common in the valley, and the cultivated orchards yield pears, apples, peaches, and cherries. The chief trees are deodar, firs and pines, chenar or plane, maple, birch and walnut, apple, cherry.

Historically, Kashmir became known worldwide when Cashmere wool was exported to other regions and nations (exports have ceased due to decreased abundance of the cashmere goat and increased competition from China). Kashmiris are well adept at knitting and making Pashmina shawls, silk carpets, rugs, kurtas, and pottery. Saffron, too, is grown in Kashmir. Efforts are on to export the naturally grown fruits and vegetables as organic foods mainly to the Middle East. Srinagar is known for its silver-work, papier mache, wood-carving, and the weaving of silk.

The economy was badly damaged by the 2005 Kashmir earthquake which, as of October 8, 2005, resulted in over 70,000 deaths in the Pakistan-controlled part of Kashmir and around 1,500 deaths in Indian controlled Kashmir.

The Indian-administered portion of Kashmir is believed to have potentially rich rocks containing hydrocarbon reserves.

Transport

Transport is predominantly by air or road vehicles in the region. Kashmir has a long modern railway line that started in October 2009 and connects Baramulla in the western part of Kashmir to Srinagar and Qazigund. It will link the Kashmir to Banihal across the Pir Panjal mountains through the Banihal rail tunnel in 2013 and to the rest of India in another few years as the construction of the railway line from Jammu to Banihal progresses steadily.

History of tourism in Kashmir

The state of Jammu & Kashmir is a region of widely varying people and geography. In the south, Jammu is a transition zone from the Indian plains to the Himalaya . Nature has lavishly endowed Kashmir with certain distinctive favors which hardly find a parallel in any alpine land of the world. It is the land of snow clad mountains that shares a common boundary with Afghanistan, China and Pakistan, Jammu and Kashmir is the northernmost state of the Indian Union. Known for its extravagant natural beauty this land formed a major caravan route in the ancient times.

Trade relations through these routes between China and Central Asia made it a land inhabited by various religious and cultural groups. It was during the reign of Kashyapa that the various wandering groups led a settled life Buddhism influenced Kashmir during the rule of Ashoka and the present town of Srinagar was founded by him. This place was earlier called 'Srinagari' or Purandhisthan. The Brahmins who inhabited these areas admired and adorned Buddhism too. From the regions of Kashmir Buddhism spread of Ladakh, Tibet, Central Asia and China. Various traditions co-existed till the advent of the Muslims.

The Mughal had a deep influence on this land and introduced various reforms in the revenue industry and other areas that added to the progress of Kashmir. In 1820 Maharaj Gulab Singh got the Jagir of Jammu from Maharaj Ranjit Sigh. He is said to have laid the foundation of the Dogra dynasty. In 1846 Kashmir was sold to Maharaj Gulab Singh. Thus the two areas of Kashmir and Jammu were integrated into a single political unit. A few chieftains who formed part of the administration were of the Hunza, Kishtwar, Gilgit Ladakh. During the Dogra dynasty trade improved, along with the preservation and promotion of forestry.

See also

  • United Nations Security Council Resolution 47
  • Line of Control
  • Kashmir conflict
  • List of Kashmiri people
  • Kargil War
  • 2005 Kashmir earthquake
  • List of Jammu and Kashmir related articles
  • Notes

    Cited references

    . . . . . . .

    Further reading

  • Blank, Jonah. "Kashmir?Fundamentalism Takes Root," Foreign Affairs, 78,6 (November/December 1999): 36-42.
  • Drew, Federic. 1877. "The Northern Barrier of India: a popular account of the Jammoo and Kashmir Territories with Illustrations; 1st edition: Edward Stanford, London. Reprint: Light & Life Publishers, Jammu. 1971.
  • Evans, Alexander. Why Peace Won't Come to Kashmir, Current History (Vol 100, No 645) April 2001 p. 170-175.
  • Hussain, Ijaz. 1998. "Kashmir Dispute: An International Law Perspective", National Institute of Pakistan Studies.
  • Irfani, Suroosh, ed "Fifty Years of the Kashmir Dispute": Based on the proceedings of the International Seminar held at Muzaffarabad, Azad Jammu and Kashmir August 24?25, 1997: University of Azad Jammu and Kashmir, Muzaffarabad, AJK, 1997.
  • Joshi, Manoj Lost Rebellion: Kashmir in the Nineties (Penguin, New Delhi, 1999).
  • Khan, L. Ali The Kashmir Dispute: A Plan for Regional Cooperation 31 Columbia Journal of Transnational Law, 31, p.?495 (1994).
  • Knight, E. F. 1893. Where Three Empires Meet: A Narrative of Recent Travel in: Kashmir, Western Tibet, Gilgit, and the adjoining countries. Longmans, Green, and Co., London. Reprint: Ch'eng Wen Publishing Company, Taipei. 1971.
  • Knight, William, Henry. 1863. Diary of a Pedestrian in Cashmere and Thibet. Richard Bentley, London. Reprint 1998: Asian Educational Services, New Delhi.
  • K?chler, Hans. The Kashmir Problem between Law and Realpolitik. Reflections on a Negotiated Settlement. Keynote speech delivered at the "Global Discourse on Kashmir 2008." European Parliament, Brussels, 1 April 2008.
  • Moorcroft, William and Trebeck, George. 1841. Travels in the Himalayan Provinces of Hindustan and the Panjab; in Ladakh and Kashmir, in Peshawar, Kabul, Kunduz, and Bokhara... from 1819 to 1825, Vol. II. Reprint: New Delhi, Sagar Publications, 1971.
  • Neve, Arthur. (Date unknown). The Tourist's Guide to Kashmir, Ladakh, Skardo &c. 18th Edition. Civil and Military Gazette, Ltd., Lahore. (The date of this edition is unknown - but the 16th edition was published in 1938).
  • Stein, M. Aurel. 1900. Kalha?a's R?jatara?gi???A Chronicle of the Kings of Ka?m?r, 2 vols. London, A. Constable & Co. Ltd. 1900. Reprint, Delhi, Motilal Banarsidass, 1979.
  • Younghusband, Francis and Molyneux, Edward 1917. Kashmir. A. & C. Black, London.
  • Norelli-Bachelet, Patrizia. "Kashmir and the Convergence of Time, Space and Destiny", 2004; ISBN 0-945747-00-4. First published as a four-part series, March 2002 - April 2003, in 'Prakash', a review of the Jagat Guru Bhagavaan Gopinath Ji Charitable Foundation.
  • Muhammad Ayub. An Army; Ita Role & Rule (A History of the Pakistan Army from Independence to Kargil 1947-1999) Rosedog Books, Pittsburgh, Pennsylvania USA 2005. ISBN 0-8059-9594-3.
  • External links

  • Instrument of Accession
  • United Nations Military Observers Group in Kashmir
  • Official website of the Jammu and Kashmir Government (Indian-administered Kashmir)
  • Official website of the Azad Jammu and Kashmir Government (Pakistan-administered Kashmir)
  • (Kashmir resources)
  • Category:Disputed territories in Asia Category:Geography of India

    ar:????? an:Caixmir az:K??mir bn:??????? be:?????? bg:?????? bs:Ka?mir ca:Caixmir cs:Ka?m?r da:Kashmir de:Kaschmir et:Kashmir el:?????? es:Cachemira (regi?n) eo:Ka?miro eu:Kaxmir fa:????? fo:Kashmir fr:Cachemire gl:Caxemira gu:??????? ko:???? hi:?????? hr:Ka?mir id:Kashmir it:Kashmir he:????? kn:??????? ks:????? kk:?????? sw:Kashmir la:Caspira lv:Ka?m?ra lt:Ka?myras hu:Kasm?r (r?gi?) ml:???????? mr:???????? mzn:????? ms:Kashmir mn:?????? nl:Jammu en Kasjmir (gebied) new:???????? (??? ?????? ??????) ja:????? no:Kashmir nn:Kashmir or:??????? pnb:????? ps:????? nds:Kaschmir pl:D?ammu i Kaszmir (region) pt:Caxemira ro:Ca?mir ru:?????? simple:Kashmir sr:?????? sh:Ka?mir fi:Kashmir sv:Kashmir ta:???????? tt:?????? tg:?????? tr:Ke?mir uk:?????? ur:????? ug:?????? vi:Kashmir diq:Ke?mir zh:????

    Source: http://article.wn.com/view/2012/10/25/Prepaid_SMS_ban_in_J_K_taken_at_behest_of_Home_Mi/

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    Study: Cancer patients overestimate value of chemo

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    Source: http://news.yahoo.com/study-cancer-patients-overestimate-value-chemo-211451867.html

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    Wall Street gets it wrong on presidential politics, experts say

    ScienceDaily (Oct. 24, 2012) ? With Election Day less than a month away, television is filled with talking heads spreading the conventional wisdom of what a Republican or Democrat president might mean for the economy.

    But when it comes to the relationship between presidential politics and the behavior of the financial markets, a group of business researchers says that conventional wisdom might not be so wise.

    The researchers reviewed more than 40 years of data (1965-2008) to examine the relationship between security returns and four variables:

    • the political affiliation of the president;
    • the presence or absence of political gridlock;
    • the presidential term cycle effect; and
    • Federal Reserve monetary policy.

    While many academic papers have analyzed those factors separately, the authors of this study considered them simultaneously.

    When all four of those factors were taken into account, the researchers concluded, many of the commonly held beliefs about how politics impact the market simply did not hold true.

    Markets unmoved by a president's party affiliation

    One of the most commonly repeated truisms called into question by the study is that the political affiliation of the president has an impact on the market. In reality, whether the president is a Republican or a Democrat is most often insignificant to the performance of the markets.

    "While the party of the president garners much of the attention of the press, it appears that other factors have a much more prominent relationship with security returns," says Gerald Jensen, the Jones, Diedrich, Mennie professor of finance at the NIU College of Business. He has spent years researching the topics covered in the study.

    The misconception about the president's party affiliation appears to have grown out of research that looked at isolated factors.

    For instance, numerous studies have shown that stock returns (especially for small stocks) are substantially higher during Democratic presidencies relative to Republican administrations. Similarly, bond returns during Republican administrations are twice as high relative to returns generated during Democratic administrations.

    However, Jensen and his colleagues found, when the other factors considered in this study are controlled, the difference in the performance of the markets across presidents from different parties is statistically insignificant.

    Gridlock is not good

    Many pundits and researchers maintain that political gridlock -- which occurs when different parties control the White House and the legislature -- is good for the market. Under such conditions, they reason, there is less chance of significant fiscal policy actions, which tend to disrupt financial markets.

    In reality, the authors report, political harmony is better for equities.

    That was especially true for smaller stock indexes where annualized returns were reportedly 22.38 percent higher during harmony as opposed to gridlock. Even when researchers adjusted for other factors, Jensen says, the benefits of political harmony remained clear.

    Despite what the numbers say, the perception that gridlock is good has established itself. "It has been repeated so often I think that it has sort of been accepted as fact," Jensen says.

    He speculates that people hang their argument on specific examples -- such as the Clinton presidency, when markets excelled despite political gridlock -- and fail to consider other evidence.

    While it is clear that, during the period studied, political harmony coincided with strong equity performance, Jensen and his fellow researchers stop short of saying that there is a dependency between the two. "We have identified a relationship, but we aren't saying that one causes the other," he cautions.

    Time will tell

    While elections naturally bring up discussions of how politics influence the markets, Jensen and his colleagues found that political outcomes have little immediate impact. In fact, history has demonstrated that the most favorable return patterns are not manifested in the market for three years.

    One theory is that the Federal Reserve loosens monetary policy in ways that reflect favorably upon incumbents in Congress and the White House to help encourage re-election. However, Jensen points out, even when the researchers adjusted for Fed policy changes, the economy seemed to consistently rally in the third year of a presidency.

    It's all about the Fed

    While much attention is focused on issues such as the president's political affiliation and gridlock, investors might be better served by paying less attention to those factors and more to how the election might affect Federal Reserve policy, Jensen says.

    "A tightening of Fed monetary policy generally precedes poor equity market performance and increased inflationary pressures. Ultimately, that factor seems to carry the greatest weight, so that is what investors should pay attention to," he says.

    "In the end, policies are more important than politics," he adds.

    "While the chairman of the Federal Reserve is appointed by the president, I don't think people pay much attention to what party he comes from. Instead they watch what he is doing. Perhaps they should look at politicians the same way. It's not their party affiliations that are important, but the policies that they put forth."

    The study, "What to Expect When You're Electing," was conducted by Jensen and co-authors Scott B. Beyer, associate professor at the University of Wisconsin Oshkosh College of Business; Luis Garcia-Feijoo, assistant professor at Florida Atlantic University College of Business; and Robert R. Johnson, professor of finance at Creighton University College of Business.

    Key Findings

    The key empirical findings reported in the study are consistent with the following:

    • Equity investors, especially those that target small-cap stocks, would be wise to monitor Fed policy actions, while paying limited attention to the party of the president. Investors should be particularly wary of a shift to a restrictive Fed monetary policy.
    • Contrary to the conventional view, equity investors should welcome political harmony; however, debt investors should prefer continued political gridlock.
    • Fed policy shifts warrant consideration as potential signals of coming inflationary pressures. A shift to a restrictive policy stance should alert investors to higher future inflation and support a re-allocation to securities that offer more inflation protection (e.g., commodities and TIPS).
    • Regardless of the political outcome in November, it appears that equity investors typically will have to wait until the third year of the next presidential term before reaping the benefits of the election season.

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    Story Source:

    The above story is reprinted from materials provided by Northern Illinois University.

    Note: Materials may be edited for content and length. For further information, please contact the source cited above.


    Note: If no author is given, the source is cited instead.

    Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

    Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/Lmo8rERn7LE/121024164719.htm

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    সোমবার, ১৫ অক্টোবর, ২০১২

    Lithuanian voters to give harsh verdict on austerity

    VILNIUS (Reuters) - Lithuanians are likely to eject their center-right government in an election on Sunday that could be a taste of what awaits other European leaders forced by the financial crisis to implement unpopular austerity measures.

    An ex-Soviet state of about three million people, Lithuania crashed hard when the crisis hit four years ago. It made tough budget cuts in response and is now returning to economic health - but too late for voters fed up with belt-tightening.

    Opinion polls indicate they will throw out Prime Minister Andrius Kubilius and install a coalition led by the opposition Social Democrats, who promise to raise the lowest wages and make the rich pay more income tax than the poor.

    This country on the Baltic Sea, held up by eurozone countries as a model of how to respond to the crisis, is in some ways a bellwether for governments in Greece, Spain and elsewhere, who are being forced to make similar swinging cuts.

    "We think that we are going to win this parliamentary election," Algirdas Butkevicius, the leader of the Social Democrats and likely new prime minister if his party wins, told Reuters as he stood in line to vote in the capital, Vilnius.

    Before the Wall Street crash in 2008, Lithuania was booming. Scandinavian banks provided cheap credit which let the country buy more than it sold and over-heated the real estate market.

    When the crisis struck, the banks stopped lending. Economic output dropped by 15 percent in 2009. Unemployment shot up. Thousands of young Lithuanians went abroad to seek work.

    Kubilius, elected after the crisis began, cut pensions and public sector wages. To save money, only every third street lamp in Vilnius was lit, and fuel for police cars was rationed.

    This discipline helped the economy rebound. Gross domestic product grew 5.8 percent last year, one of the fastest rates of any European Union economy. The budget deficit has been tamed.

    But many Lithuanians now say the price was too high, and they blame the government.

    "What kind of crisis management are we talking about?" asked Alfonsus Spudys, 78, on his way out of a polling station in the capital's Antakalnis district. "They scythed people down ... and now they are saying they handled the crisis really well."

    LESS AUSTERITY

    That sentiment has translated into support for the center-left Social Democrat party, even though they were in the government that led Lithuania into the crisis in 2008.

    An opinion poll this week showed the Social Democrats were the most popular party, with 16.9 percent. The Labour party, likely coalition partner for the Social Democrats, had 15.8 percent. The prime minister's Homeland Union was on 7.9 percent.

    Butkevicius, the Social Democrat leader, has promised to soften the impact of market forces on the sick, the old and the jobless.

    He has also said if elected he aims for Lithuania to adopt the euro in 2015, a year later than planned now. That would give him a breathing space before he has to get the economy in line with the euro's exacting membership criteria.

    Butkevicius said he will though keep the deficit within three percent of gross domestic product as demanded by EU rules.

    Instead, he plans to raise money by, among other things, improving energy efficiency so Lithuania can reduce the amount of natural gas it buys from Russia. "We don't like to export our money from Lithuania to Russia," he told Reuters on Sunday.

    However, economists say the country's still-delicate finances dictate that whoever is in government will have to stick, for the most part, to the existing austerity programme.

    The wild card in the election is a new anti-establishment party, called Path of Courage. It could attract protest votes from Lithuanians who feel that all the main parties have taken a turn in power and failed to make life any better.

    Lithuania's complex electoral system means Sunday's vote may not produce a clear-cut result. It will be followed by negotiations to form a governing coalition. A second round will take place in two weeks to settle races in local districts where no candidate won a clear majority.

    (Writing by Christian Lowe; Editing by Jon Hemming)

    Source: http://news.yahoo.com/lithuanian-voters-harsh-verdict-austerity-123000083.html

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    রবিবার, ১৪ অক্টোবর, ২০১২

    Home improvement fails - Minority Opinions

    I?m writing up a story for Better Homes & Gardens on what might possibly be the most beautiful home, ever. If you think looking at these eye-candy pictures is a feast for the homemaker, try seeing it all in person, in several angles and in three dimensions and from above and below. I?ve scouted dozens of homes for magazines and Edie?s is by far the most original, creative, tasteful, and comfortable I?ve ever seen.

    I can?t even begin to put into words how a home like this can make you?feel-and I?m writing the story about it! (Luckily, BHG has a tight framework that an analytical person like me can mold the story into, and as we talked during the interview I felt the little light bulb clicking on a hundred times with ways to present Edie?s one of a kind style in a way that women can?not imitate, but use ideas from and apply her creative principles to their own style.)

    So even as I?m practically lusting over the indescribable charm and beauty that is her home, I know, if I?m honest about it, that I have not the creative eye, the time, the money, nor the inclination to have such a beautiful house. I?m into clean, neat, simple, and unadorned, although that philosophy has a bad habit of leaning into either spartan (bare walls) or neglected (clean, but not beautiful).

    That said, I have a few of my own projects on a to-do list; they?re just so much less cool than Edie?s.

    1. The fabric on the headboard has been dangling loose for months, and it will be such a simple job to secure it, but I never seem to connect with Derek at the right time to have him move it out so I can just DO it.

    2. I?ve had the pattern for my mosaic outdoor table sketched out for?again?months, but got derailed by the move to Maryville and then the pneumonia and then a new job. I plan to get it out again this winter to work on to pass the time on those cold evenings.

    3. I?m going to Home Depot next Thursday to take a ?Do it Herself? course on installing tile. Since I?m planning to put in hexagon tile in the kids? bathroom and to tile a fireplace surround in slate, this will come in handy.

    4. My office doors are still unstained. Functional, but unstained. I wanted to wait until fall so I could open up the house and get the stain odor out, and here it is fall, and if I don?t do it winter will come and the project will be postponed another six months. Which means this one should technically be #1.

    5. Derek found a guy to put my office ceiling back together?after we got a ceiling fan installed, but I still need to go around and touch up paint on several walls and the ceiling from that project.

    6. The wallpaper in the kids? bathroom has got to go. Got. To. Go. But I?m debating whether to strip it and paint, or if I could possibly somehow install beadboard over the top of it and avoid the stripping altogether. How lovely would that bathroom look with beadboard walls and a hexagon tile floor? (Except, then I?d want to replace the gold fixtures, and while I?m at it, the entire tub monstrosity, and then the sink has to go, too. And that?s not happening.)

    7. We want to build a little handmade bar on the screened-in porch with a little beer fridge underneath. I have it all planned out in my head, but ? sensing a theme here? ? a severe lack of time to actually?do it.

    8. One thing I?m trying to make happen soon: new sofa pillows. Our sofa is ok; it?s a pretty dark blue color with a nice shape, but the pillows are ugly and old. I?m trying to find coral or rust orange Euro-style square pillows, with possibly a second set with a yellow pattern, and everything I find is either too expensive or not the right color. And I can?t sew, or I would have ordered fabric long ago. But I just found this on etsy and maybe this pillow project will happen.

    It would be nice to check one thing off of my list, after all.

    Source: http://minorityopinions.com/2012/10/home-improvement-fails/?utm_source=rss&utm_medium=rss&utm_campaign=home-improvement-fails

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