Sunday, 27 January 2013

Punjab Warriors eager to continue winning run against UP





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Lucknow: Jaypee Punjab Warriors would be keen to continue their winning form, when they take on Uttar Pradesh Wizards in their away game of the Hero Hockey India League here on Sunday.

After a difficult start to their campaign, the Warriors played some aggressive hockey to beat Dabur Mumbai Magicians on Thursday in a seven-goal thriller.

With the likes of Malak Singh and SV Sunil showing some good form, the Warriors` management would be reasonably confident going into Sunday`s match.

However, their record against Uttar Pradesh Wizards is not good this season. Wizards beat Warriors 2-1 in the first meeting of the two sides, while Warriors managed to escape with a 2-2 draw in the second.

Both the games were played in Jalandhar, but Warriors were not able to take the home advantage.

Now it would be a tough challenge for Warriors to get the better of Wizards at the Dhyan Chand Astroturf Stadium, where crowd has played a big part in hosts` doing well.

Micromax Smarty 4.3 A65 Android phone launched in India at Rs 4,999

Micromax has launched yet another low-cost Android smartphone in India.
www.micromaxinfo.com

200 teenagers dead in nightclub fire in southern Brazil

Firefighters try to extinguish a fire at Kiss nightclub in the southern city of Santa Maria, 187 miles (301km) west of the state capital of Porto Alegre, in this picture taken by Agencia RBS, January 27, 2013 where least 200 people were killed. (Reuters photo)
SAO PAULO: In a horrific tragedy that would raise serious questions about public safety in Brazil, some 200 people — mostly teenagers — were killed in an inferno that swept through a nightclub, Kiss, in Santa Maria, a small city in Rio Grande do Sul, the prosperous southern state which shares its border with Argentina and Uruguay.

The inferno started during the fireworks show when a band was playing in the club on Saturday night. As fireworks hit the ceiling of the club, packed with 2,000 teenagers enjoying a Saturday night party, the soundproofing material made of foam caught fire and within minutes the club was engulfed in huge flames and thick smoke, with most young boys and girls being asphyxiated or trampled to death. http://timesofindia.indiatimes.com

Wednesday, 23 January 2013

Linking dancer and audienc

SHILPA SEBASTIAN R.

Meryl Tankard found ballet restricting, till she discovered the joys of breaking its boundarie

Meryl Tankard is a dancer, choreographer and an independent documentary film maker from Australia. She is in Bangalore as part of Attakalari’s Indian Biennial 2013, which is pitted as South Asia’s largest contemporary dance and digital arts festival. Meryl is one of the mentors to the participating dancers and choreographers from across the world. 
“I have been given a group of dancers, whose works I see and give them suggestions to improvise their moves.” “I used to do Indian classical hand gestures as a child. In fact my fascination for dance and movement was so much that friends and family insisted that I learn dance seriously. So I was sent to a school that taught classical ballet at the age of seven. I was in it till I was 23. It was good to perform ballet. But then there was this part of me that felt restricted. I could not be as creative as I wanted to be or express myself as I wanted to,” says Meryl, who began her career with the Australian Ballet in 1975. 
A dancer’s vulnerability
“I have been given a group of dancers, whose works I see and give them suggestions to improvise their moves.” “I used to do Indian classical hand gestures as a child. In fact my fascination for dance and movement was so much that friends and family insisted that I learn dance seriously. So I was sent to a school that taught classical ballet at the age of seven. I was in it till I was 23. It was good to perform ballet. But then there was this part of me that felt restricted. I could not be as creative as I wanted to be or express myself as I wanted to,” says Meryl, who began her career with the Australian Ballet in 1975. 
“Though I had signed a new contract with a ballet company, during my travel in Europe, I met Pina Bausch, a well-known name in contemporary dance, and a ballet director. That was my dream come true. I asked her if I could dance with her and she had a special audition for me. It was strange because I was dancing and she looked the least bit interested in what I was doing. She was reading a paper, when I was auditioning! I continued and when I finished, she just said ‘You’re good I’ll take you.’ I almost jumped,” laughs Meryl as she recalls this incident.
“I returned to Australia, waited three months for my contract with the ballet company to be terminated, and then left for Germany,” adds Meryl, who went on to work with Pina for six years.
“Working with Pina was very different. She broke boundaries and brought in the vulnerability of a dancer to the stage. In ballet the dancer hides the weakness. But not in Pina’s work. She taught me to improvise and I could create my own character. This way a part of my life would be presented in an artistic way and it made the dancer and audience relate to one another,” she says.
“I was homesick and returned to Australia, but continued to go back often to work with Pina,” she recalls. Back home, Meryl started collaborating with other classical dancers – Padma Menon – a Kuchipudi dancer, is one of them. Then she got into making short films. “I studied filmmaking for a year. It’s a different medium. I loved the ability to take the audience into a smaller view of everything through the camera. It was a challenge, which I enjoyed.”
Meryl is also enjoying her role as a mentor at Attakalari and says: “It’s amazing that Jayachandran has organised this fest, where he has invited mentors from various parts of the world. It’s unusual. Indian dancers have a very strong base in classical dance, so they will not be able to throw away those deep roots. But what I see is that they tend to use it as a good base to build new movements and dance vocabulary, which is so beautiful.” 

Rural consumers will hold the key to stocks' success


From a macroeconomic perspective, 2012 for India was close to the worst that could have been forecasted in late 2011. Back then, it was called sensationalist to forecast a 5 percent GDP growth, a mid-50s steady-state value for the rupee against the US dollar, a sticky 7 percent-plus wholesale price inflation, close to double-digit consumer price inflation and almost no rate cuts from the RBI. It was feared that if these came to pass, the equity markets would crash.
Each of the above happened, and yet the Nifty is up 27 percent for the year, and FII equity flows are the second highest ever (after 2010).
The answer to this seeming conundrum lies overseas. It was the global liquidity squeeze driven by fears of a Euro break-up that pushed down the Indian market in late 2011. The success of the European Central Bank's Long-Term Refinancing Operations caused this liquidity to come rushing back at the beginning of 2012, pushing up stock markets sharply, in particular markets of capital-deficient economies like India's. As the year dragged on and economic and earnings forecasts continued to get revised downwards, Indian equities languished for several months. Then in September, hope met flows: As the US Federal Reserve embarked on quantitative easing (QE) 3, investors chasing yield were pushed into riskier assets globally, and coincidentally the United Progressive Alliance (UPA) government kick-started the much-delayed reforms process. India was the only emerging market willing to dramatically change its ways and capital flowed in, boosting the market. The actions of global Central banks are, hence, one of the most important factors to look out for when forming a view on broader indices in 2013. With growth in the developed markets expected to stay anaemic (though better than in 2012), and Central banks continuing to push the envelope on QE, FII equity inflows are likely to stay strong during the course of the year.
With Central banks in the US, the UK, EU and Japan undertaking bond purchases by printing money, yields on these bonds are likely to stay low for a while. The move by sovereign wealth funds as well as pension and insurance funds into riskier assets like emerging market equities therefore may continue. Over the past 15 years, India has received almost a fifth of all FII equity flows to emerging markets. In 2012, India got almost half of all FII equity flows to Asia ex-Japan, China and Malaysia.
These flows are relatively independent of local near-term economic vicissitudes and seem to track medium- to long-term prospects for the country. In the past 15 years, FII equity flows to India have turned meaningfully negative only when there was a disruption in global trade and/or a global liquidity squeeze. Not when India saw meaningful political uncertainty or stagnating growth and high inflation.
The above analysis makes it seem as if local factors or earnings forecasts do not matter at all. They very much do, as few investors trade the broader indices; most choose sectors and stocks. In the past few years, as the investment cycle turned downwards, consumption-related themes have outperformed and investment-related themes have underperformed. Will this change in 2013? There are three key determinants in our view.
The first deals with 'reforms', the view being that the government passing important legislation as well as taking administrative steps will re-start the investment cycle. However, a review of reforms undertaken since 1991 suggests that it can take six to eight years from intent to impact. That is too long a period for the equity markets to price in now. Moreover, as the 2014 general elections draw near, market consensus is that the 2013 budget will be the end of the reformist stage, and the Congress will get into election mode again.
The second determinant deals with the economic cycle. The visible slowdown in wholesale price inflation in the past few months has driven hopes of the RBI starting a prolonged rate-cutting phase. A meaningful fall in the repo rate should help rate-sensitive sectors like banks and automotive companies, companies with weak balance sheets and those at the margin start to make new projects viable. However, with government expenditures sticky and revenues cyclically weak, deficits and consequently deficit monetisation are likely to stay high. This may keep inflation at high levels and limit the RBI's ability to cut rates. In our view, slow growth and high inflation are likely to continue. Further, high interest rates are not the primary reason for the slowdown in the investment cycle-that has to do with shortages of raw materials or sector-specific demand-supply mismatches, like in metals.
The third determinant deals with the pace and nature of consumption growth. Agricultural wage growth has outstripped inflation since March 2008, and as late as September 2012 it was still growing at 20 percent-plus rates. This is far higher than the mid-teens growth seen for blue-collar workers, and much ahead of the compensation for entry-level software engineers that has remained unchanged in the past five years. Consumption, especially at lower levels of the income pyramid, is therefore likely to stay strong.
Thus, the macroeconomic trends of the past few years are likely to continue in 2013: Steady FII equity flows that boost valuations for stocks, a weak investment cycle, and steady consumption growth, especially at low-income levels. With the valuation gap between consumption- and investment-driven stocks having narrowed in 2012, investors may be well-advised to stay invested in consumer, health care and exporter stocks. The Indian market also abounds in strong bottom-up investment stories in the small and mid-cap space: Well-managed relatively undiscovered companies benefiting from secular trends like 'rural urbanisation', financial inclusion, or the weaker rupee.

Real Madrid still world's richest football club, says Deloitte


Real Madrid has topped Deloitte's football rich list for the eighth year in a row, with revenues breaking 500m euros (£420m) for the first time.
Barcelona, Manchester United, Bayern Munich and Chelsea make up the rest of the top five spots, based on data for the 2011/12 season.
Chelsea's revenues were boosted significantly by winning both the Uefa Champions League and the FA Cup.
Manchester City was joint top riser, jumping from twelfth to seventh spot.
The club's revenues rose to 286m euros from 170m euros the previous season, thanks to winning the Premier League and a controversial sponsorship deal.
The club has signed a 10-year deal with Etihad Airways worth a reported 480m euros.
Etihad is the flag-carrier of the United Arab Emirates (UAE) and is based in Abu Dhabi. Manchester City is owned by Sheikh Mansour, a member of the ruling family of Abu Dhabi, which is one of the emirates that makes up the UAE.
Critics have argued the deal is designed to circumvent Uefa's financial fair play rules, designed to stop clubs spending more than they earn. The club has refuted the claims.
Arsenal dropped one place to sixth due to Chelsea's success on the pitch, but recorded a 40m-euro jump in revenues.

Italian giants AC Milan and Juventus, which won Serie A, took the other places in the top 10 list.Liverpool held on to ninth spot, with revenues growing by 30m euros despite a disappointing season in the Premier League and a lack of European football for the first time since 1999/2000. This was due in part to two domestic cup final appearances and the new owners focusing on increasing commercial revenues.
'Remarkable'

Deloitte Football Money League

  • 1. Real Madrid: 513m euros
  • 2. Barcelona: 483m euros
  • 3. Man Utd: 396m euros
  • 4. Bayern Munich: 368m euros
  • 5. Chelsea: 323m euros
  • 6. Arsenal: 290m euros
  • 7. Manchester City: 286m euros
  • 8. AC Milan: 257m euros
  • 9. Liverpool: 233m euros
  • 10. Juventus: 195m euros
Source: Deloitte: 2011-12
With total revenues of 513m euros, Real Madrid equalled Manchester United's record of topping the list for eight consecutive seasons.
"Real have led the way in the phenomenal level of revenue growth enjoyed by the sport's top clubs over the past two decades," Deloitte said.
"The Spanish club's revenue growth has been remarkable. In 1996/97, the first season for which we published our Money League analysis, Real generated revenues of 85m euros, one sixth of the revenues they generated in 2011/12."
Deloitte also highlighted the fact that the club enjoys a balanced revenue stream, with 25% coming from match days, 39% from broadcasting and 36% from commercial sales.
Global appeal Borussia Dortmund took 11th place thanks to a successful season on the pitch, while Inter Milan fell out of the top 10 for the first time in a decade.
Tottenham Hotspur fell two places to 13th after revenues dropped slightly, while Schalke 04 dropped four places to 14th as revenues fell by 25m euros after the club was unable to repeat the success of its 2010/11 Champions League campaign, when it reached the semi-finals.
Outside the so-called big five European leagues, Dutch club Ajax were placed 24th with revenues of 104.1m euros, while Turkish giants Galatasaray were 30th, with revenues of 95.1m euros.
Outside Europe, Brazilian club Corinthians, which won this year's Club World Cup, beating Chelsea in the final, were next after Galatasaray on the list, with revenues of 94.1m euros.
In the coming years, Deloitte said a bumper new TV deal for the Premier League worth more than 3.5bn euros for the three-year period from 2013/14 was likely to see more English clubs break into the top 20.

Tepid Vote for Netanyahu in Israel Is Seen as Rebuke



TEL AVIV — A weakened Prime Minister Benjamin Netanyahu emerged Wednesday from Israel’s national election likely to serve a third term,  after voters on Tuesday gave a surprising second place to a new centrist party founded by a television celebrity who emphasized kitchen-table issues like class size and apartment prices.
For Mr. Netanyahu, who entered the race an overwhelming favorite with no obvious challenger, the outcome was a humbling rebuke as his ticket lost seats in the new Parliament. Over all, his conservative team came in first, but it was the center, led by the political novice Yair Lapid, 49, that emerged newly invigorated, suggesting that at the very least Israel’s rightward tilt may be stalled.

Mr. Lapid, a telegenic celebrity whose father made a splash with his own short-lived centrist party a decade ago, ran a campaign that resonated with the middle class. His signature issue is a call to integrate the ultra-Orthodox into the army and the work force.

Perhaps as important, he also avoided antagonizing the right, having not emphasized traditional issues of the left, like the peace process. Like a large majority of the Israeli public, he supports a two-state solution to the Israeli-Palestinian conflict, but is skeptical of the Palestinian leadership’s willingness to negotiate seriously; he has called for a return to peace talks but has not made it a priority.

Sensing his message of strength was not penetrating, Mr. Netanyahu posted a panicky message on Facebook before the polls closed, saying, “The Likud government is in danger, go vote for us for the sake of the country’s future.” Tuesday ended with Mr. Netanyahu reaching out again — this time to Mr. Lapid, Israel’s newest kingmaker, offering to work with him as part of the “broadest coalition possible.”

Israel’s political hierarchy is only partly determined during an election. The next stage, when factions try to build a majority coalition, decides who will govern, how they will govern and for how long. While Mr. Lapid has signaled a willingness to work with Mr. Netanyahu, the ultimate coalition may bring together parties with such different ideologies and agendas that the result is paralysis.

Still, for the center, it was a time of celebration.

“The citizens of Israel today said no to politics of fear and hatred,” Mr. Lapid told an upscale crowd of supporters who had welcomed him with drums, dancing and popping Champagne corks. “They said no to the possibility that we might splinter off into sectors, and groups and tribes and narrow interest groups. They said no to extremists, and they said no to antidemocratic behavior.”

With 99 percent of the ballots counted by Wednesday morning, the traditional blocs were evenly divided, with 60 Parliament seats for right-wing and religious parties, and 60 for center, left and Arab-dominated factions.

Mr. Netanyahu’s Likud-Beiteinu ticket had 31 seats, followed by 19 for Mr. Lapid’s Yesh Atid and 15 for Labor. The ultra-Orthodox Shas party and the Jewish Home, which is dominated by religious-Zionists and advocates annexing the West Bank, each garnered 11 seats. Tzipi Livni’s Hatnua and the left-wing, pro-peace Meretz each got six, while the three Arab parties totaled 12. Kadima which won the most parliament seats – 28 – in the last election, had 2, having collapsed after briefly joining the Netanyahu coalition last year but failing to fulfill its promises. Votes of soldiers and a few other groups had yet to be counted and could change the balance.

The prime minister called Mr. Lapid shortly after the polls closed at 10 p.m. Tuesday and, according to Israeli television reports, told him that they had great things to do together for the country. In his speech to a rowdy crowd of supporters here Wednesday morning, he said, “I see many partners.”

Mr. Lapid indicated he was open to working with Mr. Netanyahu, saying the only way to face Israel’s challenges was “together.” But he added: “What is good for Israel is not in the possession of the right, and nor is it in the possession of the left. It lies in the possibility of creating here a real and decent center.”

The results were a blow to the prime minister, whose aggressive push to expand Jewish settlements in East Jerusalem and the West Bank has led to international condemnation and strained relations with Washington. The support for Mr. Lapid and Labor showed voters responded strongly to an emphasis on domestic, socioeconomic issues that brought 500,000 people to the streets of Tel Aviv in the summer of 2011.  

 “Israelis are asking for a moderate coalition,” said Marcus Sheff, executive director of the Israel Project, an advocacy group that conducts research on public opinion. “Israel’s middle class wasn’t asleep as people assumed. The embers of the social protest are still strong.”
Erel Margalit, a venture capitalist and first-time candidate who was elected to Parliament on Labor’s list, described the high turnout as a “protest vote” and “a clear demonstration of how many Israelis feel like something needs to be done and something needs to change.”
“It was not a fringe phenomenon; it was a mainstream phenomenon,” he said of the 2011 movement.
After the center-left failed to field a credible alternative to Mr. Netanyahu and much attention focused on the hawkish Jewish Home, which wants Israel to annex large parts of the West Bank, the results shocked many analysts and even candidates. Turnout was nearly 67 percent, higher than the 65 percent in 2009 and the 63 percent in 2003.
Meretz, the left-wing pro-peace party, was set to double its three Parliament seats, with six. It remained unclear whether Kadima, the centrist party that won the most seats in 2009 — 28 — had enough votes to send anyone to Parliament. The party collapsed last year after briefly entering Mr. Netanyahu’s coalition only to fail in its promise to end draft exemptions for ultra-Orthodox yeshiva students.
Mr. Netanyahu, 63, is already Israel’s second-longest serving prime minister, after the state’s founding leader, David Ben-Gurion, having served from 1996 to 1999 and then again since 2009.
Analysts said he had virtually ensured his victory as the campaign had begun by uniting his party with the nationalist Yisrael Beiteinu, whose leader, Avigdor Lieberman, resigned as foreign minister last month after being indicted on a charge of fraud. But it was mostly downhill from there: the joint list fell far short of the 42 seats the two parties now hold in Parliament. Experts cited both supporters’ confidence in Mr. Netanyahu’s returning to the premiership — leaving them feeling freer to cast ballots elsewhere — and tactical errors.
“While in the past he was given poor cards and played them well, this time he had the best cards and played them badly,” Ari Shavit, a columnist for the left-leaning newspaper Haaretz, said Tuesday night on Israel’s Channel One. “This was a lesson in how not to run a campaign.”
Now, Mr. Netanyahu is left to form a government among factions with competing interests: Mr. Lapid’s vision challenges the ultra-Orthodox parties that have long been part of Mr. Netanyahu’s team, and Jewish Home’s platform contradicts that of Tzipi Livni, the former foreign minister who based her campaign on returning to negotiations with the Palestinians.
Several commentators saw Tuesday’s vote as an “interim” election, predicting that the new coalition, whatever its makeup, would not be able to withstand the pressing challenges ahead, including a $10 billion budget deficit and the question of whether to launch a military strike against the Iranian nuclear program.
“This is a government that will not be able to make decisions on anything — on the peace process, on equal sharing of the burden or on budgetary matters,” Emmanuel Rosen, a prominent television analyst, said early Wednesday on Channel 10. “The next elections are already on the horizon.”