This is extremely unhealthy, you need to release double the amount of industrial land to stamp the rise

Esther Teo
The Straits Times
Saturday, Nov 03, 2012

Woodlands, Bedok and Geylang have emerged as hot spots for industrial property investors this year, as the red-hot sector draws growing interest.
Developers sold a total of 435 new industrial units in the third quarter, with 37 per cent of sales in the Geylang and Kallang planning areas, an analysis of caveats lodged with the Urban Redevelopment Authority (URA) has found.
Projects in these areas include AZ @ Paya Lebar, Oxley Bizhub and CT Hub 2.
Industrial prices have now charged up by more than 60 per cent in under two years, new figures out earlier this week showed.
Sales volumes have also been climbing, with 2,894 transactions in the first 10 months of the year. This is up 14 per cent from the same period last year, and is 28 per cent more than in 2010.
This sharp increase has prompted a property expert to call for more detailed data to properly understand the phenomenon – especially as government cooling measures may in the offing.
Savills Singapore research head Alan Cheong suggests a separate index be compiled for each industrial property segment – freehold and 30-year, 60-year and 99-year leases. This would give the market a better idea of price movements, he said.
Lumping all transactions together might skew data for some quarters when a lot of high-priced freehold units, for instance, happen to be sold, he said.
URA data out on Monday showed that industrial property prices surged 8.8 per cent in the three months to Sept30.
This took price gains to a whopping 27 per cent in the first nine months of the year. Last year, they surged 27 per cent.
A growing number of older industrial units at projects like Eunos Techpark and Tan Boon Liat Building have eclipsed the $1,000 per sq ft (psf) mark, costing more than many homes in the suburban areas. Meanwhile, new projects like Apex @ Henderson in the Bukit Merah area, Oxley Bizhub in Ubi Road, and CT Hub 2 in Lavender Street have continued to enjoy keen third-quarter sales.
The highest psf price for a new unit sold in the three months to September was a 3,035 sq ft first-floor factory space that sold for $3.95 million in August at the freehold Apex @ Henderson. This works out to $1,300 psf.
For the year, freehold project AZ @ Paya Lebar topped the price table with a sale at $2,100 psf in June for a 1,098 sq ft unit.
Experts say while prices have generally climbed across the board, surging industrial prices are partly due to new high-priced launches, some of which are less common freehold developments. As benchmark prices are attained, this pulls up the values of nearby resale units, they add.
A Credit Suisse report warned that with prices and rents at 10-year record highs, there are “potential downside risks” given the moderating economic growth outlook and Singapore’s high exposure to the United States and European economies.
The Trade and Industry Minister reiterated in April that the Government will ensure there are sufficient measures to keep industrial space affordable.
“We expect industrial rents and capital values to moderate from here on due to increased potential policy headwinds and Singapore’s high exposure to the dogged uncertainties in the US and (European) economies,” the Credit Suisse report added.
esthert@sph.com.sg 
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You can basically divide the market of industrial properties into two categories, freehold and leasehold, and it seems the freehold segment is running way ahead and bringing the costs of leasehold along with it, which is artificial, therefore to stop the rise, double of the supply of freehold industrial land needs to be introduced to stamp the rise, it will only for a quarter period, it should do the trick and thereafter moderate with a fall in leasehold prices, I suspect many foreign companies are setting shop in singapore, a hot inflow of funds that is ramping everything up in the short term.
– Contributed by Oogle.

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A Balance of Everything : When Wage & Productivity increases, you need to lower business costs


3rd November 2012
At Pine Garden’s Cake Pte., Wei Chan used to have three drivers delivering chocolate and martini- flavored cakes around Singapore. Now, the head of the company transports the goods himself because he can’t get enough workers.
A government push to reduce the city-state’s reliance on cheap imported labor has led to an emerging shortage of workers and increased business costs. The squeeze has left Chan with only one driver, a Chinese national, after he failed to obtain new permits to replace the other two.
“I can’t accept new orders and my top-tier people are doing the lowest-end jobs,” said Chan, 40, whose managers also fill in for the lost drivers at his family’s 28-year-old Singapore bakery. “I’m fighting for survival and expanding is definitely not on the cards. Productivity is certainly compromised.”
Prime Minister Lee Hsien Loong has raised foreign-worker levies and salary thresholds after Singapore’s population jumped by more than 1.1 million since mid-2004, driving up property prices and stoking social tensions. The clampdown has driven the jobless rate to a six-quarter low of 1.9 percent, pushing up wages and constraining the central bank’s scope to combat an economic slowdown with monetary easing.
“We are not getting any cheaper as a location and businesses are getting squeezed from all corners,” said Wai Ho Leong, a senior regional economist at Barclays Plc in Singapore. “We may approach a labor cliff in about eight years when the workforce starts to shrink based on current participation rates and population growth profiles.”

Manpower Shortage

Singapore’s authorities said they rejected more foreigner work permit applications and renewed fewer existing ones in the first seven months of 2012. The labor-policy tightening and efforts to raise wages for service workers from nurses to cleaners has added to price pressures.
The central bank, which refrained from slowing gains in the currency in October even after the economy contracted last quarter, said this week Singapore’s economy will grow at below- potential levels for a second year in 2013 while a tight labor market and rising costs of goods and services will add to inflationary pressures. The island uses the exchange rate as its main monetary policy tool.
The economy is forecast by the government to expand 1.5 percent to 2.5 percent in 2012, from 4.9 percent in 2011.

Policy Constraint

“The Monetary Authority of Singapore has alluded that wage price risks are still there, which is one reason why policy cannot be loosened,” said Vishnu Varathan, a Singapore-based economist at Mizuho Corporate Bank Ltd. “The backlash would have been that they wouldn’t be able to do it preemptively or ahead of the curve.”
The Singapore dollar has climbed 6.2 percent this year, among the best performers in Asia, as the central bank refrained from joining neighbors from Thailand to the Philippines in easing policy to counter the faltering global economy.
In Europe today, a report may show U.K. construction output shrank for a third month in October, according to a survey of economists. Manufacturing in Italy probably contracted at a faster pace in October, a separate survey showed. In the U.S., a Labor Department report may show the nation’s jobless rate rose to 7.9 percent in October, according to economists surveyed.

Growth Curb

Singapore’s tighter labor regime means the country will forgo 1.3 percentage points of growth this year in an economy that narrowly avoided a recession, Bank of America Corp. predicts. The island’s nominal gross domestic product has doubled since 2004 as the population grew more than 26 percent to 5.3 million.
The population explosion boosted property prices and strained transportation services in an island about half the size of Houston, fuelling public discontent that led the ruling party to its smallest electoral win last year since independence in 1965. The government responded to citizen dissatisfaction by imposing tighter regulations on the inflow of foreigners, while increasing its engagement with citizens on their concerns.
The crunch has led to scams including so-called phantom workers, where companies pretend to hire locals to boost their foreigner quota, while others falsely inflate wages to apply for permits in categories that are subject to less stringent requirements, the government said.

Sacrificing Opportunities

The foreign workforce excluding domestic helpers increased by 34,100 in the first six months of 2012 to 1.03 million, compared with a 79,800 gain for all of 2011, according to the Ministry of Manpower. Unit labor costs will probably rise 4 percent to 5 percent this year and 3 percent to 4 percent in 2013, the central bank said. It climbed 3.4 percent in 2011.
“Businesses are constantly complaining about a shortage of workers, and inflation and wage pressures are building,” said Chua Hak Bin, an economist at Bank of America. “Singapore is sacrificing opportunities and the costs would be larger when the world economy booms again.”
The economy would add about 36,000 more jobs this year than it is currently creating if the government accommodates employers’ demands for more overseas workers, Chua estimates.
The government is encouraging companies to turn to locals to fill the gap. Finance Minister Tharman Shanmugaratnam said in February the government will partially reimburse businesses for older Singaporean workers on their payrolls.

Wooing Women

Singapore is subsidizing training for workers to upgrade their skills and make them more productive. It has also urged companies to implement flexible arrangements to encourage those approaching retirement age to stay at their jobs and entice women with families to rejoin the labor market.
The resident unemployment rate was 2.8 percent as of September, matching the lowest level since 2007. Sixty percent of residents who were retrenched in the first quarter found jobs by the end of the second, compared with 50 percent in the previous period, the Manpower Ministry said in September.
“The resident labor force participation rate has likely reached a record high in 2012 and there is probably limited scope for it to rise much further in the short term,” the central bank said this week. “Demand for low and mid-skilled workers will run up against a number of supply-side constraints.”
The government is persisting with its policy shift as it seeks to meet the goal it set in 2010 to at least double its productivity growth to between 2 percent and 3 percent annually until the end of this decade. In an interview with the Straits Times newspaper published last week, acting Minister for Manpower Tan Chuan-Jin signaled new areas his ministry will next target for tightening.
Risky Strategy?
“The government is strenuously telling us there is no turning back,” said Kurt Wee, a vice president at the Association of Small and Medium Enterprises. “We have told the government they’re running a high-risk strategy that will eventually lead to higher prices for consumers and higher living costs. Policy has been pushed beyond what it should be and it’s getting vicious out there.”
Chan of Pine Garden’s Cake calls the government’s actions a “horrible recipe.” His labor costs climbed to as much as 35 percent of sales from under 30 percent less than a year ago.
“When you have a piece of sugarcane and you continue squeezing it, by the end of it, you’ll have nothing left to squeeze,” he said. “That’s exactly how I would describe the situation in Singapore.”
To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net
To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net
This story was originally posted on Bloomberg.com on Nov 2, 2012 10:40 AM GMT+0800
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As I mentioned in my previous articles, you need a balance of everything, when wages and productivity increases, you need to balance with a drop of business costs to stay competitive, and the only way is to play with the Supply side of things, like creating a new breed of Micro and Shoebox housing models for HDB flats to ease the rise in property prices, like increasing the supply of COEs for goods vehicles to bring it down the total costs to below S$40K, to increasing the supply of industrial land to all kinds of mix use developments, to creating new commercial shops space in new HDB towns to compete with retail shopping centres, I can think of a host of other methods like reducing diesel, CNG tax, but the best is to moderate inflation to below 3%. The Old Singapore model of trying to generate huge income from the public will not work anymore, there are now so many projects that will generate an ROI of between 16-40%, why waste your time and get negative public opinion?
– Contributed by Oogle. 

The entire US Debt will be written off when I get to the UN, will Obama accept my terms?

by Clive Crook

With a week to go and Hurricane Sandy bringing fresh uncertainty and new opportunities for gaffes, the United States presidential election still looks tied.
Last week, I argued that the contest need not have been this close, that Mr Barack Obama could have won comfortably if he had governed and campaigned as the centrist he said he was in 2008 and not the thwarted progressive he turned out to be.
This week, I want to argue that, despite this failure, Mr Obama is still a better choice than Mr Mitt Romney.
The incumbent has achievements to be proud of. The fiscal stimulus, flawed as it was, helped prevent what would have been an even worse recession. Mr Obama’s signature initiative, healthcare reform, addresses the most egregious failure of American public policy: The country’s inability to insure all its people against illness, something just about every other advanced economy has managed to do.
The Affordable Care Act is flawed, just as the stimulus was flawed, but it upholds a vital principle. It should be built on, not repealed.
Sadly, in domestic policy as in foreign policy, the President led from behind and healthcare reform never had the champion it needed. It remains unpopular, hence capable of being undone by a Republican President and a Republican-dominated Congress. If you hope to see the healthcare reform survive with improvements, as I do, that’s reason in itself to support Mr Obama, as disappointing as his failure to lock the policy down might be.
WHERE OBAMA WENT WRONG
Mr Obama’s biggest mistake was to abandon his efforts – never very strenuous – to work with his Republican opponents or, failing that, to expose them as irresponsible extremists.
To do this, he had to occupy the centre that the Republicans had vacated. Instead, despite the Democrats’ drubbing in 2010, he tacked left, further polarising the country. In this, he probably followed his instincts. Unlike Mr Bill Clinton, a centrist by conviction, Mr Obama’s intellectual loyalty is to the progressive wing of his party. His campaign’s class-war anti-capitalist rhetoric – not a great vote-winner in the US, even after the Great Contraction – has seemed all too sincere.
In that complaint, of course, lies the case for Mr Romney. The disinterred former Governor of Massachusetts stands close to the US political centre of gravity. Would he take up the opportunity Mr Obama missed and bridge the divide in Washington?
Somebody needs to try. For the past four years, Democrats and Republicans in Congress have settled for talking past each other and past much of the country, too, advancing rival fantasies of a transformed country that few Americans actually want.
One vision is collectivist, stressing redistribution and a permanently enlarged role for government; the other is radically individualist, seeking to eviscerate the federal government and roll back the welfare state. Activists on both sides may be all fired up, as Mr Obama likes to say. The rest of the US despairs.
Most voters, I am convinced, want to see the US mended, not transformed. If I am right, more ballots will be cast next week to block the outcome that voters fear most than to affirm a future they actually support. Both campaigns – especially Mr Obama’s -have been directed to this end.
Whatever the outcome, therefore, this election will deliver no mandate. That is the price of polarisation, a measure of Washington’s failure, and it points to continued deadlock: A clash of grand ideologies signifying nothing, leaving the country’s eminently fixable problems unaddressed.
US POLITICS ARE BROKEN
Could Mr Romney be the answer? It is possible. Critics say he is a man without conviction. In my view, that is his main advantage: Washington already has a surfeit of true believers and the last thing the country needs is one of either stripe in the White House.
If the real Romney is the former Governor of Massachusetts, as I suspect, not the man who campaigned for the GOP nomination, he would fit the bill. His audacious pivot from the severe conservative of the primaries to the pragmatic moderate who turned up for the first presidential debate suggests he understands what the country, as opposed to his party, is looking for: A manager, a fixer, a consensus-builder, a maker of deals.
To be that President, however, Mr Romney would have to be willing to thwart the ambitions of Republicans in Congress. That will not be easy. He has promised to start dismantling the Affordable Care Act – the national equivalent of his own Romneycare – on Day One. He cannot easily go back on that. He has also adopted the mindless Republican opposition to any and all tax increases, despite knowing that higher revenues will be needed to get public borrowing back under control.
President Romney might want to swing all the way back to Massachusetts moderate. I can even imagine him hoping for Democrats to do well in the 2014 mid-terms to make this easier. But in 2013, he would at least have to go through the motions of making common cause with Republicans in Congress. That is an alarming prospect. If the choice is between an empowered Republican Party in its present radicalised form and continued paralysis, I would reluctantly choose paralysis.
Whatever America decides, there will be little to celebrate on Nov 7. The country’s politics are broken. Mr Obama has claimed during the campaign that, if he is re-elected, the Republican fever will abate and the deadlock in Washington will give way to productive engagement. Rubbish.
Suppose Mr Obama wins narrowly – the best he can hope for, if polls are to be believed – and a Republican majority is returned to the House. Things will stand much as they have for the past two years. When such an outcome is the best that can be expected, it is hard to be optimistic about the country’s prospects.
I want Mr Obama to win. Even if he does, I will need a drink to celebrate the coming of the New World. BLOOMBERG
Clive Crook is a Bloomberg View columnist.

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This is a very serious matter and I do not like to joke about it, the present US system is flawed and there is only one solution to bring everything back to order, that is, the entire US debt needs to be written off to start from a clean slate, but will Obama accepts my terms once I get to the UN? Don’t worry about the EU, the problem can easily be solved with reforms to plug the loopholes before funds are released to make sure it is effective or everything will be drained away, Germany has the necessary power for the downpayment, and with the EU’s stability mechanism and the contributions of IMF/World Bank, by end 2014 there will be no problems anymore. PS : It takes time to implement reforms especially since EU has many states.
– Contributed by Oogle.

Progressive Wage Model will only work if you do not setup a timeframe

Cleaners who keep offices, F&B outlets and housing estates spick and span may soon see a progressive increase in wages. -BT
Zeinab Yusuf Saiwalla
Sun, Oct 21, 2012
The Business Times

CLEANERS who keep offices, F&B outlets and housing estates spick and span may soon see a progressive increase in wages.
Labour movement NTUC, along with the Tripartite Cluster for Cleaners (TCC), yesterday announced that 10,000 cleaners in these three sub-sectors will be the first to come under the Progressive Wage Model (PWM) proposed for the cleaning industry.
Eventually, the wage model for the cleaning sector will apply to some 46,000 local cleaners.
PWMs have already been unveiled in the transport and logistics, hospitality and healthcare sectors.
The TCC, which comprises NTUC representatives, employers and government agencies, recommends $1,000 as the entry-level basic wage for cleaning jobs in offices and commercial buildings and in the F&B establishment sector; cleaners in the conservancy sector start at $1,200.
Records from NTUC’s Building & Facility Management Services Cluster indicate that cleaners in these positions earn between $675 and $950.
In addition to the entry-level wage, the PWM also draws up three wage ladders to give cleaners a pathway up a salary scale – provided they raise their skill level, become more productive or take on higher responsibilities.
The wage ladders show how they can earn more over time, which will motivate them to improve their skills and raise their value-add, said Zainal Sapari, leader of NTUC’s Building & Facility Management Services Cluster.
Commenting on the recommended changes, NTUC deputy secretary-general Heng Chee How said: “With workers that are better paid, the service providers can look forward to better staff morale, leading to lower staff turnover and happier workers, who will in turn be more productive. Service providers will then be able to grow their business and increase their business competitiveness.”
The NTUC’s Building & Facility Management Services Cluster is seeking the support of the government for the PWM by getting the public sector to take the lead in best sourcing and to encourage its cleaning-service providers to adopt PWMs. 
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Progressive Wage Model cannot be implemented with a timeframe, it will be more superior to minimum wage if the execution is carried out swiftly to move all low income workers who has undergone re-training to get higher wages, and real productivity will compensate for higher wages and increased business costs, Singapore cannot afford to have many unskilled labour anymore due to increased costs and must move up the productivity ladder.
– Contributed by Oogle. 

Six key messages Microsoft is sending to Windows 8 developers

Oct 30, 2012 3:30 PM
Steve Ballmer looked relaxed on stage. Dressed down in a short sleeve shirt and pants, he smiled, he cracked jokes, and he energetically rallied the 2000-strong crowd of developers at the opening keynote to Microsoft’s Build conference on the company’s leafy Redmond, Washington campus.
It was a very different Ballmer on stage than we saw at other events in the past year, including last week’s stiff and formal Windows 8 launch event in New York City. The energetic tenor of Ballmer’s keynote and the second, Windows Phone 8-focused keynote, reflected the conference’s underlying theme of building out the Windows app ecosystem.
“In case it’s not clear, we’re all in with Windows 8,” Ballmer enthused during Tuesday’s Build opener. “Every group in Microsoft has contributed something that’s optimized for Windows 8 and Windows Phone 8 and touch.”
Tuesday’s keynote was clearly aimed at its audience of attending developers. But six trends and takeaways emerged from the talk that paint a clear picture of Microsoft’s view of the world.

Windows 8 has huge potential for apps

Ballmer opened things up Tuesday by noting that Microsoft has sold 4 million Windows 8 upgrades since the operating system went on sale three days ago. (For context, 670 million Windows 7 PCs have the potential to run Windows 8.) And current estimates are that some 400 million new devices will soon be shipping that developers can target.
“Our industry is rebuilding itself around new devices and services,” Ballmer noted before he called on developers to rise to the occasion. This new universe represents an opportunity for app developers to make one app for all PC forms. “It’s an unprecedented market. Hundreds of millions of users are dying to buy your application.”
Throughout the morning, Ballmer energetically rallied the troops. “This is a market in which you can do your best work, most innovative work, most creative work. Whatever you do as a developer, Windows 8 is the best opp for software developers today.
“I guarantee you this will be the best opportunity software developers will see.”

The apps are coming

At last week’s Windows 8 launch event, I was disappointed to hear so little about Windows 8 apps. During Tuesday’s keynote, Microsoft showed off more app icons on-screen, though it was unclear from how they were presented which ones were shipping now and which were coming soon.
The big news was that Ballmer announced that SAP, Dropbox, and Twitter have all announced plans for Windows 8 apps. This is exactly the kind of app development commitment consumers need to hear about and see more of in the coming weeks if people are to get excited about the modern interface in Windows. It’s a pity we didn’t hear this last week—a time when consumers were paying attention.
I still wish that that Microsoft could be more specific about the number of apps, and which apps are coming. To say that Windows 8 has more apps than other platforms’ app stores did at launch isn’t enough: The market has changed since those other App Stores debuted. And consumers want to know more what they’re buying into up front if they’re to have confidence in what Microsoft’s building.

Opportunities for new and more personal apps are huge

“Your application will be the most personal [it can be] if you choose to marry the opportunities in the system [with the software],” Ballmer told Build attendees. He emphasized the easy sharing between phone and PC, the ubiquity of various Windows experiences like search and share, and the strength of integrating with a Microsoft account and leveraging SkyDrive cloud storage.
“Search, share, live tiles, live activity—these are all things you can also do with your apps,” Ballmer said.
Perhaps Steven Guggenheimer, Microsoft’s corporate vice president of developer and platform evangelism, put it best: “The thing about the hardware ecosystem is that it doesn’t come to life without the software. It’s about the marriage of hardware and software—and services, in some cases.”
The reality check here is that what Guggenheimer espouses isn’t new. In fact, it’s what we’ve known for years now, and have seen epitomized by Apple’s iPhone hardware and its integration with the iOS app ecosystem.
The difference now is that we’re hearing this from stodgy old Microsoft—the company that arguably has the most vibrant and daringly different touch interface of any operating system today. It’s refreshing to hear, because it’s an admission that means Microsoft does indeed get what it needs to do to succeed in this brave new mobile world.

Businesses are interested in Windows 8

Before Tuesday, the signs around how enterprise’s interest in Windows were tepid at best. And that’s not surprising, given IT departments’ traditional reticence to jump on a major Windows upgrade.
But Ballmer announced Tuesday that Microsoft had sold some 10 million units of Windows 8 into the enterprise market. While no mention was made of when those unit might be deployed into the field, it still highlights burgeoning interest in the new operating system within the business world.
Even better: In talking with developers here at the event, it sounds like businesses are investigating how to make the jump to the new platform. One developer, Anthony Handley of Magenic, noted, “We have a lot of enterprise clients that are interested in taking their internal line-of-business applications to Windows 8.” 

Windows app development tools are robust, but not perfect

Before this event, I heard praise for Microsoft’s development environment. By comparison to what mobile tablet and phone developers are used to with Google’s Android, in particular, I’ve heard some waxing poetic in casual conversation about working with Microsoft’s tools. I’ve also heard grousing that Microsoft didn’t do enough to unify development for Windows 8 and Windows Phone 8, but on the whole, the vibe has been more positive than what I hear about Android.
Magenic’s Handley is a cross-platform developer for iOS, Android, and Windows. “Obviously there’s a good story around iOS,” he said. “But as a designer working with Microsoft tools, they’ve come a long way in the past couple of years. Designers can work in Blend, and developers can work in Visual Studio, and the two can be melded in the end. Underneath the covers, we’re working on the same code. So there’s a lot of things to be excited about.”
We saw a glimpse of why the tools matter in action during the Windows Phone 8 portion of the keynote. Tony Garcia of Unity showed off the first demo of the Unity platform on Windows Phone 8. He emphasized during his demo how the Shadowgun sample being shown off was really easy to develop and debug on the PC. And the visuals looked great. 

Also during the Windows Phone 8 keynote, we got a picture of Microsoft as a company that was being responsive to its developers’ needs to create compelling app experiences. Microsoft said it has delivered 90 percent of the top developer requests. That doesn’t say how many requests the company received, mind you, but it does show Microsoft is listening and responding.
Among the additions highlighted here: NFC support, SD card access, voice commands and navigation, in-app purchasing, peer-to peer networking, advanced networking, Bluetooth data transfers,text-to-speech, better multitasking, support for VOIP and video chat, and new proximity requests. Microsoft has also added deeper integration with native phone experiences; for example,it opened up access to its camera.

Microsoft is backing its developers

Every developer attending Build will walk away from this year’s conference with a 32GB Microsoft Surface RT tablet, 100GB of SkyDrive storage, and a Nokia Lumia 920 phone. The idea, of course, is to stimulate excitement and energy among developers for creating new apps for Windows 8 and Windows Phone 8.
Giving out new hardware to developers is common at developer-centric events like this: Google and RIM have done the same thing at their events. But this is a notable shift for Microsoft, and Ballmer’s plea after announcing the Surface giveaway to “please go out and build lots of apps” underscores that the company recognizes it needs to generate enthusiasm in its developer community around making apps.
Contrast that with the mood at last year’s Build conference in Anaheim. That’s when Ballmer and Steven Sinofsky held their big Windows 8 unveiling, and developers were gaping open-mouthed at the implications of the vast software changes.
This year, Microsoft shifted its attention from simply introducing Windows 8 to focusing on getting developers to create apps for its new platforms across desktop, laptop, tablet, and phone. And this time, we had real, shipping hardware to spark app developers’ creativity.
“I think the creativity of your app is not just a function of what we build in [the software] but also of the hardware it sits on,” Ballmer told developers.
In the end, one of Ballmer’s lines particularly underscored that Microsoft’s success rides on more than what the company itself can control. “We need your support. Need your commitment [to building apps],” said Ballmer.
That right there sums up Microsoft’s Windows 8 “if you build it they will come” gamble. Windows 8 and Windows Phone 8 are here. Now all Microsoft—and us consumers—need is for developers to come and build out the ecosystem.

The Cure for Type II Diabetes using Nano Technology

“Nano Technology will make great leaps and bounds in the research of molecular chemistry and biology to be the next tranport system for the cure of diseases where the development of drugs of all kinds can be used to target specific cells and organs, even a greater understanding of the composite of matter, to create water into wine, by manipulating the structure of matter.” – Contributed by Oogle.

Warning : Please do not take your insulin injection when you are fasting or on a drip without food as the toxity can inflict damages especially with a low sugar count.

The Cure for Type II Diabetes

The problem
Most patients inject insulin at the abdomen area and by the time the insulin reaches the feet and the eyes, the dosage is too little for prevention, but if you increase the dosage even higher, there will be toxity in the abdomen area.
The Cure and Solution
Using Nano technology, it is possible to encapsulate a molecule of insulin via a transport system which will target the molecules and DNA of lets say the eyes, where the info and target will be compared until it reaches its destination to release the payload. As such, the future of medicine will be using this technology to treat any organs or areas in the body, where even the payload and the frequency can be controlled, a cure for all diseases.
– Contributed by Oogle.  

rDNA

Molecular cloning is the laboratory process used to create recombinant DNA.[1][2][3][4] It is one of two widely-used methods (along with polymerase chain reaction, abbr. PCR) used to direct the replication of any specific DNA sequence chosen by the experimentalist. The fundamental difference between the two methods is that molecular cloning involves replication of the DNA within a living cell, while PCR replicates DNA in the test tube, free of living cells.
Formation of recombinant DNA requires a cloning vector, a DNA molecule that will replicate within a living cell. Vectors are generally derived from plasmids or viruses, and represent relatively small segments of DNA that contain necessary genetic signals for replication, as well as additional elements for convenience in inserting foreign DNA, identifying cells that contain recombinant DNA, and, where appropriate, expressing the foreign DNA. The choice of vector for molecular cloning depends on the choice of host organism, the size of the DNA to be cloned, and whether and how the foreign DNA is to be expressed.[5] The DNA segments can be combined by using a variety of methods, such as restriction enzyme/ligase cloning or Gibson assembly.
In standard cloning protocols, the cloning of any DNA fragment essentially involves seven steps: (1) Choice of host organism and cloning vector, (2) Preparation of vector DNA, (3) Preparation of DNA to be cloned, (4) Creation of recombinant DNA, (5) Introduction of recombinant DNA into the host organism, (6) Selection of organisms containing recombinant DNA, (7) Screening for clones with desired DNA inserts and biological properties.[4] These steps are described in some detail in a related article (molecular cloning).
Following transplantation into the host organism, the foreign DNA contained within the recombinant DNA construct may or may not be expressed. That is, the DNA may simply be replicated without expression, or it may be transcribed and translated so that a recombinant protein is produced. Generally speaking, expression of a foreign gene requires restructuring the gene to include sequences that are required for producing a mRNA molecule that can be used by the host’s translational apparatus (e.g. promoter, translational initiation signal, and transcriptional terminator).[6] Specific changes to the host organism may be made to improve expression of the ectopic gene. In addition, changes may be needed to the coding sequences as well, to optimize translation, make the protein soluble, direct the recombinant protein to the proper cellular or extracellular location, and stabilize the protein from degradation.[7

  • Recombinant human insulin. Recombinant insulin has almost completely replaced insulin obtained from animal sources (e.g. pigs and cattle) for the treatment of insulin-dependent diabetes. A variety of different recombinant insulin preparations are in widespread use.[11] Recombinant insulin is synthesized by inserting the human insulin gene into E. coli, which then produces insulin for human use.[12]

The best steps Japan could make is to settle the dispute with China quickly

Kenya Hirose and Shingo Sugime
The Yomiuri Shimbun/Asia News Network
Thursday, Nov 01, 2012

JAPAN – Before taking additional monetary-easing steps for a second month in a row, the Bank of Japan apparently struggled to decide what specific steps to take amid intense pressure from the market and the government.
The central bank’s nine-member Policy Board decided to take the additional easing measures Tuesday. It also issued a joint statement with the government expressing their shared view that the biggest challenge for the economy is overcoming deflation as soon as possible.
In his blog updated Tuesday, Prime Minister Yoshihiko Noda welcomed the bank’s move, saying, “This will be yet another great step for the economy toward overcoming deflation early.”
Finance Minister Koriki Jojima also hailed the action, saying to reporters, “Monetary-easing measures even bolder than the previous ones have been taken by the central bank.”
However, the latest easing was not necessarily in line with a plan envisaged earlier by the central bank.
When the bank decided to increase its fund mainly for asset purchases by 10 trillion yen in September, Bank of Japan Gov. Masaaki Shirakawa said the move was “taken in anticipation of downward revisions in the outlook of the overall economy and commodity prices.”
A prevailing view within the bank had been that it should try to ascertain the effect of September’s monetary easing. But the situation changed drastically Oct. 17, when Noda instructed economic ministers to map out emergency economic measures.
In the financial market, speculation grew quickly that the central bank, in line with the government, would take additional monetary-easing measures worth 20 trillion yen–even bolder than the previous easing.
On Oct. 22, the central bank released its report on local economies, which highlighted the adverse effect on the economy wrought by the soured relations with China over the government’s purchase of three of the Senkaku Islands in Okinawa Prefecture from their private owner.
Following the report, calls for additional easing measures increased, even with the central bank. Masayoshi Amamiya, head of the bank’s Osaka branch, said, “There’s a danger of the [deteriorated] Japan-China relationship adversely affecting the economy for a protracted period.”
Seiji Maehara, state minister for economic and fiscal policy in the newly reshuffled Cabinet, had urged the central bank to take further steps–even unconventional measures including purchasing foreign bonds–to ensure the economy could overcome deflation before the planned consumption tax increase in April 2014.
According to government sources, Noda was well aware of the problems Maehara was pointing to. The Finance Ministry, which Noda trusts highly, had been working behind the scenes to coordinate the views of the government and the central bank.
However, even though both sides were in agreement over taking concerted action, views were divided within the central bank as to what steps the bank should take.
Under pressure from the government to take further easing steps, and taking into consideration the view of the major opposition Liberal Democratic Party–led by Shinzo Abe, who has been calling on the bank to take powerful easing steps–a senior bank official said the bank should increase the fund by more than 20 trillion yen in one shot.
At the same time, there were strong calls to limit the injection to 10 trillion yen to avoid excessive “dependency on the central bank” in overcoming deflation and putting the economy back on a sustainable growth path.
Facing increased pressure to act, and knowing that if the market deemed the measures inefficient the bank could be seen as taking a backward stance, the BOJ made its decision at the 11th hour with only a handful of options.
The bank concluded that its best possible choice was to increase its asset-purchase fund by 11 trillion yen, bringing it to a total of about 91 trillion yen, and to establish a loan-stimulating facility to boost lending by commercial banks.
The bank reportedly calculated that combining two measures alone, the monetary easing would be worth more than 20 trillion yen–a level the market had hoped for.
Effects of the central bank’s easing decision were still yet to be seen Tuesday, as the yen edged upward and the stock market fell overall.
At a gathering in central Tokyo on Tuesday evening, Abe strongly criticised the bank’s latest move.
“The yen moved upward instead,” Abe said. “Piecemeal easing like this is of no use.”
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Have you calculated the economic costs with the dispute with China? Your economy depends greatly on exports to China and the ability to setup factories in China for low production costs, I do not think you have factored in everything? It even cost more than the entire islands you are after so I think it is a stupid move, my advice is to settle the dispute quickly and put everything behind, there is greater money to be made now things are starting to pick up, it will help you save more than half your budget if you can resolve things amicably.
– Contributed by Oogle.