Fewer small businesses confident of growth in 2013: survey






SINGAPORE: Fewer small companies in Singapore are confident that their businesses will grow in 2013 compared to the years before, found the CPA Australia Asia Pacific Small Business Survey.

The survey, conducted by accounting body CPA Australia between 2 and 15 October, covered 250 businesses that have fewer than 21 employees. The businesses surveyed spanned the retail, information, media and telecommunications sectors.

Businesses in Australia, Hong Kong, Malaysia, New Zealand and Indonesia were also polled for this report.

According to CPA Australia, confidence among Singaporean small businesses has been on a steady decline since 2010.

74 per cent of small Singaporean companies expect their businesses to grow in the year ahead, down from 77 per cent and 85 per cent in the last two consecutive years.

Gavan Ord, business policy adviser at CPA Australia said: "While confidence is relatively high, Singapore small businesses are significantly more likely to expect their business to 'grow a little' than 'grow strongly', indicating that business confidence is somewhat weaker than (what) the headline figure indicates."

"Reflecting this, the percentage of Singapore businesses that expect to increase their marketing spend in 2013 is the lowest of all markets surveyed," he added.

More Singapore businesses however expect the local economy to improve.

60 per cent of small businesses in Singapore expect the local economy to grow "strongly" or "a little" in the year ahead, compared to 56 per cent a year ago.

- CNA/jc



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Nation in grip of pessimism due to 'policy paralysis, lack of leadership', Narendra Modi says

NEW DELHI: Gujarat chief minister Narendra Modi launched a fresh attack on the Centre on Thursday, saying the country was in the grip of pessimism because of "policy paralysis, intellectual bankruptcy and lack of leadership".

He said the Centre's policies "lack urgency or seriousness" in tackling economic crises and thus the "sense of pessimism" in the 12th Plan.

"There is a policy paralysis, intellectual bankruptcy and lack of leadership in the country because of which the country was experiencing stagnancy. We are going on the path of negative growth," Modi told reporters at the 57th National Development Council (NDC) meeting here.

He said when the entire world was looking at India in the context of development, there is sense of pessimism from the ones who are leading the nation making it difficult to move forward.

In his speech at the meeting, Modi said, "It seems that there is no urgency or seriousness in tackling economic crises facing the country. There has been a virtual lack of direction in the macro-economic management of the country."

Attacking the government for lowering the growth target for the 12th Plan, Modi said though the target of 9 per cent GDP growth, talked about last year, appeared ambitious, "it was not impossible to achieve if we had the political will to do what is necessary".

"In this context, it is painful to note the unmistakable sense of pessimism in the 12th Plan document ... Significantly lowering the growth targets of the 12th Plan will further add to the mood of despondency and pessimism in the country and cast increasing doubts on the sustainability of the India growth story," he said.

Modi sought to project the Gujarat model of development by listing out the initiatives taken by him in various sectors including agriculture, urban development and decentralized planning.

Modi, however, evaded questions on whether he was ready to lead the nation.

Questioning the Centre for blaming the international economic situation for the slow growth, Modi said how then were some of the states performing better.

"If the Centre can blame the international situation, who should the states point out to," he said, referring to the high growth rate in some states including Gujarat.

Modi also called for setting up a National Resources Commission on the lines of the Finance Commission which discusses the allocation of grants to states every five years.

The chief minister said the national resources commission should decide on the quota utility of natural resources which were a part of the state, but noted such states should be given a say while making such allocations.

He said the country is facing a demographic opportunity as 65 per cent of the population is young and pitched for a youth-centric growth which focusses on skill development.

Modi said the Planning Commission had also studied the Gujarat model for skill development and recommneded it to other states.

Contending that growth in manufacturing has been stagnating at 16 per cent, Modi said, "The outlook for employment for the youth in industry remains bleak which casts a doubt on India's capacity to take advantage of the demographic dividend.

"It is unfortunate that the central government has been bereft of any vision or strategy in this regard. This feeling of helplessness in making effective policy interventions has resulted in job creation suffering and the youth of the country becoming disillusioned," he said in his speech.

Modi, who was sworn-in as the chief minister for the fourth time on Wednesday, was greeted by several leaders including Tamil Nadu chief minister J Jayalalithaa, Maharashtra chief minister Prithviraj Chavan, Punjab chief minister Parkash Singh Badal and Uttar Pradesh chief minister Akhilesh Yadav. Modi walked up to Himachal chief minister Virbhadra Singh to greet him.

Modi also attacked the Centre for taking "unilateral" decisions and said it should "resist the temptation to tinker with the federal structure mandated by the Constitution."

"There has also been a tendency to take unilateral decisions by legislating on subjects which are dealt by states where huge financial liabilities are created for the states without commensurate transfer of resources from the Centre. The Right to Education Act is a recent example of this," he said.

He wanted the Centre to set up a structured mechanism to address such issues and resolve them in a time-bound manner.

On the issue of capping of subsidies on cooking gas, Modi said the Centre had shown "little concern" for the "constant agony" that millions of Indians are forced to undergo on a daily basis because of rising prices.

"The recent decision of the central government to restrict the number of LPG cylinders to six per year will further add to the misery of India's middle classes and the poor," he said and demanded a review.

Modi suggested piped natural gas as an alternative to LPG cylinders and wanted the government to come out with a time- bound detailed policy and incentivise states who take up this project on a priority basis.

"The sustainable, long-term solution is to establish a gas-grid supplying piped gas to households for domestic use. This would result in proper targeting of subsidies and eliminate wastage," he said.

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Space Pictures This Week: Green Lantern, Supersonic Star









































































































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Newtown Shooter's DNA to Be Studied













Geneticists have been asked to study the DNA of Adam Lanza, the Connecticut man whose shooting rampage killed 27 people, including an entire first grade class.


The study, which experts believe may be the first of its kind, is expected to be looking for abnormalities or mutations in Lanza's DNA.


Connecticut Medical Examiner H. Wayne Carver has reached out to University of Connecticut's geneticists to conduct the study.


University of Connecticut spokesperson Tom Green says Carver "has asked for help from our department of genetics" and they are "willing to give any assistance they can."


Green said he could not provide details on the project, but said it has not begun and they are "standing by waiting to assist in any way we can."


Lanza, 20, carried out the massacre at Sandy Hook Elementary School in Newtown, Conn., just days before Christmas. His motives for the slaughter remain a mystery.


Geneticists not directly involved in the study said they are likely looking at Lanza's DNA to detect a mutation or abnormality that could increase the risk of aggressive or violent behavior. They could analyze Lanza's entire genome in great detail and try to find unexpected mutations.


This seems to be the first time a study of this nature has been conducted, but it raises concerns in some geneticists and others in the field that there could be a stigma attached to people with these genetic characteristics if they are able to be narrowed down.








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Newtown, Connecticut Shooting: Timeline of Events at Sandy Hook Elementary Watch Video







Arthur Beaudet, a professor at Baylor College of Medicine, said the University of Connecticut geneticists are most likely trying to "detect clear abnormalities of what we would call a mutation in a gene…or gene abnormalities and there are some abnormalities that are related to aggressive behavior."


"They might look for mutations that might be associated with mental illnesses and ones that might also increase the risk for violence," said Beaudet, who is also the chairman of Baylor College of Medicine's department of molecular and human genetics.


Beaudet believes geneticists should be doing this type of research because there are "some mutations that are known to be associated with at least aggressive behavior if not violent behavior."


"I don't think any one of these mutations would explain all of (the mass shooters), but some of them would have mutations that might be causing both schizophrenia and related schizophrenia violent behavior," Beaudet said. "I think we could learn more about it and we should learn more about it."


Beaudet noted that studying the genes of murderers is controversial because there is a risk that those with similar genetic characteristics could possibly be discriminated against or stigmatized, but he still thinks the research would be helpful even if only a "fraction" may have the abnormality or mutation.


"Not all of these people will have identifiable genetic abnormalities," Beaudet said, adding that even if a genetic abnormality is found it may not be related to a "specific risk."


"By studying genetic abnormalities we can learn more about conditions better and who is at risk and what might be dramatic treatments," Beaudet said, adding if the gene abnormality is defined the "treatment to stop" other mass shootings or "decrease the risk is much approved."


Others in the field aren't so sure.


Dr. Harold Bursztajn, a professor of psychiatry at Harvard Medical School, is a leader in his field on this issue writing extensively on genetic discrimination. He questions what the University of Connecticut researchers could "even be looking for at this point."






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Democrats push for tax cuts they once opposed



President Obama has put the extension of the tax cuts for most Americans at the top of his domestic agenda, a remarkable turnaround for Democrats, who had staunchly opposed the tax breaks when they were written into law about a decade ago.




With Obama leaving his Hawaii vacation for Washington on Wednesday and lawmakers returning Thursday, the main dividing line between Republicans and Democrats has come down to whether tax rates should increase for top earners at the end of the year, when the Bush-era tax cuts are set to expire. While Republicans want to extend all the cuts, Democrats are pushing to maintain lower rates on household income below $250,000. Those lower rates significantly reduce the taxes of nearly all American households that earn less than $250,000 — and many who earn more, even if tax rates are allowed to increase on income above that figure.

While it is increasingly unlikely that the two parties will reach an agreement to avoid the fiscal cliff before Jan. 1, it is all but certain that their ultimate deal, whenever it comes, will make permanent the lower rates for most Americans.

R. Glenn Hubbard, dean of the Columbia Business School and an architect of the Bush tax cuts, said it is “deeply ironic” for Democrats to favor extending most of them, given what he called their “visceral” opposition a decade ago. Keeping the lower rates even for income under $250,000 “would enshrine the vast bulk of the Bush tax cuts,” he said.

Democrats say they have reconsidered their opposition to the Bush tax cuts for several reasons. The cuts were written into law from 2001 to 2003 after a decade in which most Americans saw robust income growth. Over the past decade, by contrast, median wages have declined, after adjusting for inflation, amid a weak economy. Allowing tax cuts for the middle class to expire would further reduce take-home pay.

“We’ve had these tax cuts in place since 2001. The world changes, and the economy is where it is,” said Steven Elmendorf, who was chief of staff to former House minority leader Richard A. Gephardt (D-Mo.), a primary opponent of the Bush tax cuts. “With people’s economic status, we should not be raising taxes on people earning under $250,000.”

What’s more, income inequality has been growing. Sparing the middle class higher taxes while requiring the wealthy to pay more would tip the scales slightly in the other direction.

“The reason there’s been this movement toward broad consensus on renewing the tax cut for working- and middle-class families is that will give us a sharper progressivity in the tax system that is very much desired by Democrats and progressives who’ve seen an income distribution more and more distorted toward the wealthy,” said Betsey Stevenson, former chief economist in Obama’s Labor Department and a professor at the University of Michigan, who added that taxes may have to rise even more than currently contemplated to meet the country’s needs.

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Vivian Balakrishnan attends state funeral of former Gerakan president






SINGAPORE : Singapore's Environment and Water Resources Minister Vivian Balakrishnan was in Kuala Lumpur on Wednesday to attend the state funeral of former Gerakan president, Lim Keng Yaik.

Dr Balakrishnan conveyed condolences on behalf of the Singapore Government.

He was accompanied by Singapore's High Commissioner in Kuala Lumpur Ong Keng Yong.

Dr Lim, who served as Malaysia's Energy, Water and Communications Minister from 2004 until 2008, died on Saturday.

He was 73.

- CNA/ms



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Punjab to set up separate force for night policing

CHANDIGARH: The Punjab government on Wednesday announced the setting up of a separate force for policing during the night hours amid the ruling Shiromani Akali Dal ( SAD) facing fire for its youth leaders being accused of assaulting a senior police officer.

Deputy chief minister Sukhbir Singh Badal told media here that Punjab would be the first state in the country to have a dedicated force for night policing. He said the force would be given rest during the day time.

The party has already disowned the three leaders accused of assaulting Assistant Inspector General (AIG) SS Mand at a nightclub in Ludhiana on Monday. Referring to the assault, Badal said that no one, including Akali Dal leaders, was above the law.

Badal said there would be a separate Superintendent of Police (SP) for each district for night policing.

The need for a separate cadre for night policing was felt as it was getting ignored due to rotational shift of the existing force, he said.

Police will patrol on highways and streets to check the activities of anti-social elements.

The deputy chief minister also said that women were being recruited in the Punjab Police to curb incidents of crime against women.

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Photos: Humboldt Squid Have a Bad Day at the Beach

Photograph by Chris Elmenhurst, Surf the Spot Photography

“Strandings have been taking place with increased frequency along the west coast over the past ten years,” noted NOAA’s Field, “as this population of squid seems to be expanding its range—likely a consequence of climate change—and can be very abundant at times.” (Learn about other jumbo squid strandings.)

Humboldt squid are typically found in warmer waters farther south in theGulf of California (map) and off the coast ofPeru. “[But] we find them up north here during warmer water time periods,” said ocean sciences researcherKenneth Bruland with the University of California, Santa Cruz (UCSC).

Coastal upwelling—when winds blowing south drive ocean circulation to bring cold, nutrient-rich waters up from the deep—ceases during the fall and winter and warmer water is found closer to shore. Bruland noted that climate change, and the resulting areas of low oxygen, “could be a major factor” in drawing jumbo squid north.

Published December 24, 2012

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Storms Spawn 34 Tornado Reports Across South













Severe Christmas day weather tore across the deep South, spinning off 34 possible tornadoes and killing at least three people in its path, while extreme weather is forecast throughout today for parts of the East Coast.


The storm first pounded Texas, then touched down in Louisiana and blasted through homes in Mississippi. In Mobile, Ala., a wide funnel cloud was barreled across the city as lightning flashed inside like giant Christmas ornaments.


Bill Bunting with the National Weather Service's Severe Storms Prediction Center said that the damage may not yet be done.


"Conditions don't look quite as volatile over a large area as we saw on Christmas day but there will be a risk of tornadoes, some of them could be rather strong, across eastern portions of North Carolina and the northeastern part of South Carolina," he said.


Across the Gulf region, from Texas to Florida, over 280,000 customers are still without power, with 100,000 without power in Little Rock, Ark. alone.


The punishing winds mangled Mobile's graceful ante-bellum homes, and today, dazed residents are picking through debris while rescue crews search for people trapped in the rubble.


"We've got a lot of damage, we've got people hurt," one Mobile resident told ABC News. "We've had homes that are 90 percent destroyed."






Melinda Martinez/The Daily Town Talk/AP Photo















Winter Weather Causes Holiday Travel Problems Watch Video





In the Houston area a tree fell onto a pickup truck, killing the driver, ABC affiliate WTRK reported. In Louisiana, a 53-year-old man died when a tree fell on his house, and a 28-year-old woman was killed in a crash on a snowy highway near Fairview, Okla., according to the Associated Press.


At least eight states issued blizzard warnings Tuesday, as the storms made highways dangerously slick heading into one of the busiest travel days of the year.


Tuesday's extreme weather caused an 8-foot deep sinkhole in Vicksburg, Miss. Alma Jackson told ABC News that a concrete tank that was in her backyard fell into the sinkhole.


"It's really very disturbing," she said. "Because it's on Christmas day, and then to see this big hole in the ground and not have any explanation, and not be able to cover it. And the rain is pouring down."


Teresa Mason told ABC News that she and her boyfriend panicked when they saw the tornado heading toward them in Stone County, in southern Mississippi, but she says they were actually saved when a tree fell onto the truck.


"[We] got in the truck and made it out there to the road. And that's when the tornado was over us. And it started jerking us and spinning us, "she said."This tree got us in the truck and kept us from being sucked up into the tornado."


The last time a number of tornadoes hit the Gulf Coast area around Christmas Day was in 2009, when 22 tornadoes struck on Christmas Eve morning, National Weather Service spokesman Chris Vaccaro told ABC News in an email.


The deadliest Christmastime tornado outbreak on record was Dec. 24 to 26, 1982, when 29 tornadoes in Oklahoma, Missouri, Arkansas, Tennessee and Mississippi killed three people and injured 32.


The last killer tornado around Christmas, Vaccaro said, was a Christmas Eve EF4 in Tennessee in 1988, which killed one person and injured seven. EF4 tornadoes can produce winds up to 200 mph.


ABC News' Matt Gutman, Max Golembo and ABC News Radio contributed to this report.



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Federal workers feel unease over potential layoffs, furloughs unleashed by ‘fiscal cliff’



President Obama and members of Congress headed out of town late last week for a Christmas break without reaching a deal to avoid $110 billion in automatic across-the-board spending cuts, which would hamstring operations ranging from weather forecasting and air traffic control to the purchase of spare parts for weapons systems. So civil servants are bracing for the blow, wondering whether their work will be upended — and whether they may be forced to take unpaid days off.


“This could change day by day,” said Antonio Webb, 25, who works in the mail service that handles correspondence for the Department of Homeland Security. “You could come into work and the next day they say, ‘We don’t need you because we have to cut so much.’ ”

Many federal workers have become jaded after a two-year pay freeze and congressional fights over spending that keep agencies lurching from one stopgap budget to another. Until recently, few employees thought it could come to this: Budget cuts of 8 to 10 percent divided equally between military and domestic agencies. Only a few programs, like Social Security, veterans benefits and some services for the poor, are exempted.

“Sure, we continue to do our jobs,” said Carl Eichenwald, who works in enforcement at the Environmental Protection Agency. “But all of this uncertainty is disruptive for our mission. A lot of time gets spent spinning wheels. We won’t know whether we can do inspections. Do we have 100 percent of our budget, or 85 percent?”

Top congressional aides said Monday that discussions of how to avert the fiscal cliff had come to a virtual standstill. Obama and House Speaker John A. Boehner (R-Ohio) had not spoken since Friday.

Each side in the negotiations urged the other to come up with a way around the impasse. A senior Democratic aide said Boehner needs to return from the holiday with a “cleared head and a readiness to deal.” The aide said that there is no time for Democrats to unilaterally advance a bill in the Senate, adding that they can press forward with legislation only if they are assured by Republican leaders of GOP support.

A senior Senate Republican aide insisted, however, that it is now up to Senate Majority Leader Harry M. Reid (Nev.) and his fellow Democrats to figure out what they can pass in the Senate without worrying about the Republican-controlled House.

As the year-end deadline approaches, federal employees have been told very little by their bosses about how their agencies are preparing to carry out huge spending reductions.

“It seemed like we were almost immune to thinking that something real was going to come of it,” said Fernando Cutz, an analyst for the U.S. Agency for International Development.

Then came an e-mailed memo on Thursday from agency heads to employees. The cuts would be “significant and harmful to our collective mission.” Furloughs “or other personnel actions” — layoffs — remain a real possibility.

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