Nanyang Business School takes 32nd spot in world's MBA rankings






SINGAPORE: Nanyang Business School (NBS) is now ranked 32nd in the Financial Times' 2013 ranking of the world's MBA programmes, up two spots from last year.

The school's Nanyang Master of Business Administration programme is ranked sixth within the Asia Pacific.

The annual survey ranks the top 100 business schools from around the world, based on audited data from the schools themselves and from the class who graduated three years ago.

NBS admits about 80 students to its full-time MBA programme every year, with another 40 taking the course on a part-time basis.

It is offering a new Nanyang MBA curriculum in July with a a sharper focus on leadership development and industry application in the Asian context.

The new course can be completed in 12 months, instead of the usual 16.

- CNA/de



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TOI Social Impact Awards: An evening to honour India's changemakers

They took the path less travelled, and on Monday it will lead a group of remarkable men and women to the stage for the second Times of India Social Impact Awards in association with J P Morgan. The awards are being given to changemakers within NGOs, corporates and the government who have quietly worked to transform the lives of millions of marginalized Indians.

President Pranab Mukherjee will be the chief guest at the awards function. Joining him, and a power-packed audience consisting of top achievers from diverse fields, will be beneficiaries of the organisations selected for the awards.

For some beneficiaries, this visit to the capital will mark the first time they have travelled beyond the boundaries of their district. Awards in 17 categories will be presented by the beneficiaries.

The awardees and beneficiaries collectively represent the very best of India in all its fascinating diversity. They range from nine-year-old Jyoti Prajapat from Ajmer district to 83-year-old Thokchom Ramani Leima from Imphal. Jyoti will join 10-year-old Ujala Kumari from Delhi to present the award for educat8ion in the NGO sector to Room to Read India, whose libraries gave both girls an abiding love for reading. Leima will take the stage with four other women members of Meira Paibi, the fearless group of women from Manipur who will share the Lifetime Achievement Award with the Naga Mothers Association. The two groups have battled social evils like alcoholism and drug abuse, and spearheaded peace efforts in the insurgency-ridden region.

Others who will present awards include Sarjubai Meena, a grandmother from Bhilwara who is known as the "woman with the turban". Sarjubai will present the award for Environment in the NGO category to the Foundation for Ecological Security, which helped her and others turn the village into a fertile, prosperous one, in which Sarjubai, a dalit woman, now feels she has earned the right to wear a turban.

Eleven-year-old twins Hiranya and Thiruvara Bhargavi who were born with cerebral palsy, will present the award for health in the Government category to the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities, whose pioneering insurance scheme helped them access life-saving surgeries.

The hunt for India's real heroes began in August last year when the Times of India invited applications from NGOs, corporates and government organisations in five categories: livelihoods, advocacy and empowerment, education, health and the environment. Online applications were accepted between October 2 and 30, 2012 through a dedicated website. A National Search Panel of eight eminent persons with long experience in the development sector was also constituted in early August, which identified 126 organisations worth consideration, who were then motivated to apply.

Facebook and Twitter pages helped answer questions about application procedures and kick-start a discussion. Finally, over 1500 entries were received, spanning the length and breadth of the country. The majority of applications were from NGOs.

The eight key parameters to evaluate the entries were significance of the issue addressed, scale, replicability, sustainability, finances, people's participation, innovativeness and promotion of equity. Every claim had to be backed up with documents and financial details had to be transparent. A specialist group consisting of philanthropy specialists from Dasra, GiveIndia and GuideStar India screened the entries and 20 sector-experts then evaluated these entries to prepare a final shortlist of 41 entries. TOI reporters conducted field visits of each entry.

An eminent jury comprising Unique Identification Authority of India chairperson Nandan Nilekani; Magsaysay awardee and National Advisory Council member Aruna Roy; former Cabinet Secretary Naresh Chandra; Magsaysay awardee and former Chief Election Commissioner J M Lyngdoh; Planning Commission member Syeda Hameed; former chairperson of Thermax Limited and Rajya Sabha MP Anu Aga; Centre for Science and Education director-general Sunita Narain and HDFC Bank chairperson Deepak Parekh spent an afternoon debating and discussing, before selecting the winners. The jury also nominated a Global Contribution to India award winner and a Lifetime Achievement award winner.

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Pictures: The Story Behind Sun Dogs, Penitent Ice, and More

Photograph by Art Wolfe, Getty Images

If you want the beauty of winter without having to brave the bone-chilling temperatures blasting much of the United States this week, snuggle into a soft blanket, grab a warm beverage, and curl up with some of these natural frozen wonders.

Nieve penitente, or penitent snow, are collections of spires that resemble robed monks—or penitents. They are flattened columns of snow wider at the base than at the tip and can range in height from 3 to 20 feet (1 to 6 meters). The picture above shows the phenomenon in central Chile. (See pictures of the patterns in snow and ice.)

Nieve penitente tend to form in shallow valleys where the snow is deep and the sun doesn't shine at too steep an angle, said Kenneth Libbrecht, a physicist at the California Institute of Technology in Pasadena who studies ice crystal formation.

As the snow melts, dirt gets mixed in with the runoff and collects in little pools here and there, he said. Since the dirt is darker in color than the surrounding snow, the dirty areas melt faster "and you end up digging these pits," explained Libbrecht.

"They tend to form at high altitude," he said. But other than that, no one really knows the exact conditions that are needed to form penitent snow.

"They're fairly strong," Libbrecht said. "People have found [the spires] difficult to hike through."

Jane J. Lee

Published January 25, 2013

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Brazil Nightclub Fire: 232 Dead, Hundreds Injured













Flames raced through a crowded nightclub in southern Brazil early Sunday, killing more than 230 people as panicked partygoers gasped for breath in the smoke-filled air, stampeding toward a single exit partially blocked by those already dead. It appeared to be the world's deadliest nightclub fire in more than a decade.



Witnesses said a flare or firework lit by band members started the blaze in Santa Maria, a university city of about 225,000 people, though officials said the cause was still under investigation.



Television images showed smoke pouring out of the Kiss nightclub as shirtless young men who had attended a university party joined firefighters using axes and sledgehammers to pound at windows and walls to free those trapped inside.



Guido Pedroso Melo, commander of the city's fire department, told the O Globo newspaper that firefighters had a hard time getting inside the club because "there was a barrier of bodies blocking the entrance."



Teenagers sprinted from the scene desperately seeking help. Others carried injured and burned friends away in their arms.



"There was so much smoke and fire, it was complete panic, and it took a long time for people to get out, there were so many dead," survivor Luana Santos Silva told the Globo TV network.



The fire spread so fast inside the packed club that firefighters and ambulances could do little to stop it, Silva said.






Germano Roratto/AFP/Getty Images








Another survivor, Michele Pereira, told the Folha de S. Paulo newspaper that she was near the stage when members of the band lit flares that started the conflagration.



"The band that was onstage began to use flares and, suddenly, they stopped the show and pointed them upward," she said. "At that point, the ceiling caught fire. It was really weak, but in a matter of seconds it spread."



Guitarist Rodrigo Martins told Radio Gaucha that the band, Gurizada Fandangueira, started playing at 2:15 a.m. "and we had played around five songs when I looked up and noticed the roof was burning"



"It might have happened because of the Sputnik, the machine we use to create a luminous effect with sparks. It's harmless, we never had any trouble with it.



"When the fire started, a guard passed us a fire extinguisher, the singer tried to use it but it wasn't working"



He confirmed that accordion player Danilo Jacques, 28, died, while the five other members made it out safely.



Police Maj. Cleberson Braida Bastianello said by telephone that the toll had risen to 233 with the death of a hospitalized victim — he said earlier that the death toll was likely made worse because the nightclub appeared to have just one exit through which patrons could exit.



Officials counted 232 bodies that had been brought for identification to a gymnasium in Santa Maria, which is located at the southern tip of Brazil, near the borders with Argentina and Uruguay.



Federal Health Minister Alexandre Padhilha told a news conference that most of the 117 people treated in hospitals had been poisoned by gases they breathed during the fire. Only a few suffered serious burns, he said.



Brazil President Dilma Rousseff arrived to visit the injured after cutting short her trip to a Latin American-European summit in Chile.



"It is a tragedy for all of us," Rousseff said.



Most of the dead apparently were asphyxiated, according to Dr. Paulo Afonso Beltrame, a professor at the medical school of the Federal University of Santa Maria who went to the city's Caridade Hospital to help victims.





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Senate’s pragmatic ranks depleted by one with Chambliss’s departure



Ten years later, Sens. Lamar Alexander (Tenn.), Saxby Chambliss (Ga.) and Lindsey O. Graham (S.C.) are now establishment dealmakers and elder statesmen — roles that earn them respect in Washington but could lead to tough challenges from fellow Republicans when they run for re-election next year.


On Friday, Chambliss announced that there would be no re-election for him, opting for retirement over another run that was certain to include a heated primary challenge, possibly from several candidates. Chambliss took pains to say that he would have won and instead cited Washington “gridlock” as his reason for retiring.

Regardless, Chambliss’s departure is another blow to the pragmatic wing of the Senate, with a lineup of potential successors all hailing from the staunchly conservative camp of the Georgia GOP.

Chambliss’s successor is likely to contribute to a rightward movement over the past four years that has made the ranks of Senate Republicans more conservative, but also led to repeated political disappointment. A handful of 2010 and 2012 Republican primaries produced nominees who bungled their way to general election defeat, when victory once appeared certain.

What happens with the other two Southerners could go a long way to determining the ideological makeup of the Senate Republican caucus.

Alexander and Graham are both running, raising money and appearing throughout their states. Alexander, a former two-term governor and U.S. education secretary, has the stronger footing for the moment, having locked up the endorsements of his state’s GOP congressional delegation and every prominent Republican state official. Graham has no prominent challenger yet, but Palmetto State Republicans are sizing up the race trying to decide if he’s ripe for a challenge.

That Alexander, Chambliss and Graham have found themselves in this situation, a decade after debuting as rabble rousers who helped return the chamber to GOP control, is the latest demonstration of how much the Republican Party has changed. Its voters more than ever demand a confrontational tone and in-your-face tactics, the sort of behavior that they have shied away from.

“The big change is in terms of strategy and tactics,” said Stuart Rothenberg, editor of the nonpartisan Rothenberg Political Report, noting that the three incumbents are all fairly conservative in their policy positions. “The war has changed. Republican voters want every fight to be hand-to-hand combat. They don’t want to give any ground.”

Alexander rejected the idea that the trio had “gone Washington” as they each became more powerful. “I know my way around here. We’re each finding our niche, and that’s pretty normal after 10 years,” he said in a recent interview.

Before his Friday announcement, Chambliss had been viewed as the most vulnerable Republican incumbent to a challenge from within. His apostasies to the new Republican posture were numerous in recent years, most prominently being his close partnership with Sen. Mark Warner (D-Va.) in an effort to craft a bipartisan package of tax hikes and entitlement cuts to rein in the federal government’s $16.4 trillion debt.

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Germany has 'everlasting responsibility' for Nazi crimes: Merkel

 





BERLIN: Germany has "an everlasting responsibility" for the crimes committed by the Nazis, Chancellor Angela Merkel said Saturday, just days ahead of the 80th anniversary of Adolf Hitler's takeover of power.

"Naturally, we have an everlasting responsibility for the crimes of national-socialism, for the victims of World War II, and above all, for the Holocaust," Merkel said in a podcast on her website.

Her remarks came as the world prepares to mark Holocaust Memorial Day on January 27, the date in 1945 when the Soviet army liberated the Auschwitz concentration camp in then occupied Poland.

In another significant date, Wednesday will mark eight decades since Hitler was appointed chancellor on January 30, 1933 by then president Paul von Hindenburg.

"We must clearly say, generation after generation, and say it again: with courage, civil courage, each individual can help ensure that racism and anti-Semitism have no chance," Merkel added.

"We're facing our history, we're not hiding anything, we're not repressing anything. We must confront this to make sure we are a good and trustworthy partner in the future, as we already are today, thankfully," she said.

- AFP/jc




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Rs 8 lakh crore funds? Disabled welfare may get a leg-up

NEW DELHI: Rs 8 lakh crore for disabled welfare? The ministry of social justice and empowerment has asked government departments to earmark 3% of their budget on disabled-related interventions, raising the possibility of the huge sum over next five years that can bring the ignored social group to policy focus.

The initiative flows from the 12th Plan document that has asked all government arms to earmark "reasonable amount" in their plan outlay for the disabled.

The social ministry has extended the logic of Persons with Disabilities Act mandating 3% reservation for disabled in poverty alleviation schemes to argue the same quantum of a ministry's budget be set aside for the disabled.

According to the ministry, the outlay of Rs 26,64,941 crore across 26 ministries would yield Rs 79,94,82 crore.

Social Justice minister Selja has written to all ministries, urging them to make budgetary allocations for disabled benefit over five years. "Please issue instructions to all concerned in your ministry," she wrote to her cabinet colleagues.

If the advice is accepted, the budgetary allocation would mark a leg-up for the disabled who are beginning to organize themselves for government attention.

However, the hurdle in this direction is the indifference among government arms in making special outlays for social groups. A similar focus on dalits and tribals has failed to fructify despite starting in 1970s. The SC Sub-Plan and the Tribal Sub-Plan are still in their infancy despite the passage of long period.

SCSP and TSP mandate every government body to allocate funds exclusively for SCs and STs in proportion of their population. The social justice ministry has repeatedly protested at the failure of government bodies in implementing the two sub-plans.

Minister Selja recently wrote to the PM and the planning commission, criticising the decision to include under sub-plans the "estimated consumption" of SCs/STs under ministries exempted from allocating funds under them.

The exemption is given to these ministries because it is not possible to identify beneficiary groups of "public services" like roads. The "estimated consumption" method was devised to bridge the shortfall in the target of SCSP and TSP.

Sources said the attempt to get 3% budget for disabled was only a beginning and it would be an uphill task to get the ministries to implement it.

The 3% reservation for disabled, mandated by Persons with Disabilities Act, has still not taken off after over 15 years.

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Pictures: The Story Behind Sun Dogs, Penitent Ice, and More

Photograph by Art Wolfe, Getty Images

If you want the beauty of winter without having to brave the bone-chilling temperatures blasting much of the United States this week, snuggle into a soft blanket, grab a warm beverage, and curl up with some of these natural frozen wonders.

Nieve penitente, or penitent snow, are collections of spires that resemble robed monks—or penitents. They are flattened columns of snow wider at the base than at the tip and can range in height from 3 to 20 feet (1 to 6 meters). The picture above shows the phenomenon in central Chile. (See pictures of the patterns in snow and ice.)

Nieve penitente tend to form in shallow valleys where the snow is deep and the sun doesn't shine at too steep an angle, said Kenneth Libbrecht, a physicist at the California Institute of Technology in Pasadena who studies ice crystal formation.

As the snow melts, dirt gets mixed in with the runoff and collects in little pools here and there, he said. Since the dirt is darker in color than the surrounding snow, the dirty areas melt faster "and you end up digging these pits," explained Libbrecht.

"They tend to form at high altitude," he said. But other than that, no one really knows the exact conditions that are needed to form penitent snow.

"They're fairly strong," Libbrecht said. "People have found [the spires] difficult to hike through."

Jane J. Lee

Published January 25, 2013

Read More..

Newtown Families March for Gun Control in DC


Jan 26, 2013 4:59pm







gty gun control march washington jt 130126 wblog Newtown Victims Families Join Gun Control Activists on DC March

(YURI GRIPAS/AFP/Getty Images)


WASHINGTON, D.C. — Near-freezing temperatures didn’t stop several thousand gun-control activists from bearing their pickets today, carrying signs emblazoned with “Ban Assault Weapons Now” and the names of gun violence victims in a demonstration organized as a response to the mass shooting in Newtown, Conn. last month.


Walking in silence, the demonstrators trudged between Capitol Hill and the Washington Monument over a thin layer of melting snow. They were joined by politicians and some families of the Newtown victims.


March organizer Shannon Watts said the event was for the “families who lost the lights of their lives in Newtown, daughters and sons, wives and mothers, grandchildren, sisters and brothers gone in an unfathomable instant.”


“Let’s stand together and use our voices, use our votes to let legislators know that we won’t stand down until they enact common sense gun control laws that will keep our children out of the line of fire,” she told demonstrators.


Watts founded One Million Moms for Gun Control after the killing of 20 first graders and six adults at the Sandy Hook Elementary School in Newtown in December. In a profile with the New York Times, Watts said her 12-year-old son had suffered panic attacks after learning of last summer’s Aurora, Colo., theater shooting, leaving her at an impasse over how to talk to him about the latest tragedy.


Also among the speakers was a survivor of the 2007 Virginia Tech massacre, Collin Goddard.


“We need to challenge any politician who thinks it’s easier to ask an elementary school teacher to stand up to a gunman with an AR-15 than it is to ask them to stand up to a gun lobbyist with a checkbook,” he said.


The demonstration comes amid a push by progressive lawmakers to enact stricter gun control measures as a response to the trend of recent mass killings, although any hypothetical bill would likely face strong opposition in Congress.


Rep. Chris Van Hollen, D-Md., was among the demonstrators today.


“The idea that people need high-capacity magazines that can fire 30, 50, 100 rounds has no place in a civilized society,” he said. “Between the time we’re gathered here right now and this time of day tomorrow, across America, 282 Americans will have been shot.”


The congressman was quoting statistics compiled by the Brady Campaign to Stop Gun Violence.


INFOGRAPHIC: Guns by the Numbers


Last week President Obama proposed a sweeping overhaul of federal measures regulating gun ownership, including a universal background check system for sales, banning assault weapons,  and curbing the amount of ammunition available in weapon clips.


An ABC News/Washington Post poll released Thursday found 53 percent of Americans viewed Obama’s gun control plan favorably, 41 percent unfavorably. The division was visible today, as a handful of gun-rights advocates also turned out on the National Mall to protest what they believe would be infringements on their Second Amendment liberties.


ABC’s Joanne Fuchs contributed to this report.



SHOWS: Good Morning America World News







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Procter & Gamble raises outlook on soaring profit






NEW YORK: Procter & Gamble reported Friday profit more than doubled in the fiscal second quarter from a year ago, beating market expectations, and raised its forecasts for the year.

The US consumer goods giant said profit jumped 140 per cent due to strong productivity gains and the effects of cost-saving efforts.

Net income rose to US$4.1 billion, or US$1.39 per share, compared with the year-ago figure of US$1.7 billion, or 57 cents per share, the company said.

The results were well above analyst expectations.

Core earnings per share, which strips out special items and other items not related to sustainable earnings, were US$1.22, sharply more than the US$1.11 estimated.

Revenues came in at US$22.18 billion, above the US$21.91 billion forecast by analysts.

Shares in the Dow member were up 3.5 per cent at US$72.87 in late-afternoon trade in New York.

"Global market share trends improved as we continued to implement our growth strategy and made very good progress against our productivity and cost-savings goals," said chief executive Bob McDonald.

"Our strong first-half results have enabled us to raise our sales, earnings and share repurchase outlook for the fiscal year."

Procter & Gamble, which manufactures Pampers diapers, Head and Shoulders shampoo and other household products, said its growth was broad-based and that all five of its business segments grew organic sales by at least two per cent.

The biggest growth came in the company's baby care and family care segment with 5 per cent.

Procter & Gamble raised its full-year 2013 core earnings guidance to US$3.97-US$4.07 from the previous range of US$3.80-US$4.00.

In a conference call with analysts, P&G executives said the company had completed most of a previously announced downsizing to trim costs. In February, the company announced it was cutting 5,700 non-manufacturing posts. McDonald said that 5,500 of the job cuts had already been implemented.

At the end of October, the Cincinatti, Ohio-based company had a total of 126,000 employees. The group did not give figures for the end of December.

Procter & Gamble also raised its forecast of 2013 share repurchases to a range of US$5-6 billion, up from the previous range of US$4-6 billion.

- AFP/jc



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