In a bid to make some major changes in Jakarta, a group of business tycoons has offered to lend a hand in seeking solutions to the city’s problems.

Indonesian tycoons lend city a hand

A group of business tycoons has offered to lend a hand in seeking solutions to the city?s problems. -Jakarta Post/ANN
Thu, Feb 28, 2013
The Jakarta Post/Asia News Network

In a bid to make some major changes in Jakarta, a group of business tycoons has offered to lend a hand in seeking solutions to the city’s problems.

Indonesian moguls with the President Executive Club met with Governor Joko “Jokowi” Widodo on Tuesday to discuss a number of urban issues the administration is trying to deal with.

During the discussion, Jokowi encouraged the billionaires to step out of their offices to see the capital’s issues first-hand and accompany him on a tour of some slums.

“After I visited numerous slum areas to better understand the problems here, I must admit everything seemed too complicated. For example, all the banks along Jakarta’s 13 rivers are occupied by squatters. I want to take all of you to visit these areas. There are acute socioeconomic disparities in this city,” Jokowi told the forum at the Batavia Tower in Central Jakarta.

The Ciputra Group’s owner, Ciputra; Lippo Group founder Mochtar Riady; and Jababeka president director SD Darmono were among the club’s members who attended the forum. Read more of this post

Singapore’s Canary Wharf-Topping Condos Damp Dollar: Currencies

Singapore’s Canary Wharf-Topping Condos Damp Dollar: Currencies

Currency strategists are abandoning their forecasts for a record-setting rally in the Singapore dollar as government measures to rein in property prices reduce pressure on the central bank to cool inflation.

The local dollar will likely rise 2.3 percent to S$1.21 versus its U.S. counterpart by Dec. 31, based on the median estimate of 26 analysts surveyed by Bloomberg. The forecast eased from an all-time high of S$1.19 at the end of last year, in the biggest outlook downgrade among Southeast Asian currencies. Singapore’s dollar won’t strengthen beyond the record of S$1.1992 until 2014, based on the polls.

Prime Minister Lee Hsien Loong is trying to curb property- market speculation with inflation almost double the 20-year average. A 1,636-square-foot (152-square-meter) condominium in the Marina Bay financial district sold for S$4.4 million ($3.6 million) in November, government figures show. A unit about the same size in London’s Canary Wharf was priced at 2.3 million pounds ($3.5 million), real-estate broker Foxtons Ltd said. Read more of this post

Google’s Brin Touting Glasses Says Smartphone Emasculate

Google’s Brin Touting Glasses Says Smartphone Emasculate

Sergey Brin has an unconventional view of the handheld devices that help generate billions of dollars in ad revenue for the company he co-founded.

Hunching over a smartphone while walking about is “emasculating,” Google Inc. (GOOG)’s Brin said yesterday at the Technology, Entertainment, Design conference in Long Beach, California, according to a blog post on the event’s website.

Brin was touting the benefits of Google Glass, his company’s wearable mobile-computing devices that resemble spectacles. His point: standing upright and summoning information to one’s eyes is a better use of the body than “rubbing a featureless piece of glass.”

“Is this the way you’re meant to interact with other people?” he said at the conference. “It’s kind of emasculating.” Read more of this post

North Dakota Fracking Boom Leaves Oil Hub a Bust: Muni Credit

North Dakota Fracking Boom Leaves Oil Hub a Bust: Muni Credit

Oil extracted from wells ringing Williston, North Dakota, helped push the state’s surplus to a record $1.6 billion and generate the nation’s lowest jobless rate. Drilling also left the city broke.

While the U.S. Census counts about 16,000 residents, Williston says it provides services to more than 38,000, including workers living in temporary camps, hotels, and even vehicles. Keeping up with the load is spurring budget gaps that will deplete rainy-day funds, according to Standard & Poor’s, which cut city debt to BBB+ in December, three steps above junk.

The $5.8 million of debt the city sold in December for water and sewer work is a fraction of the $625 million officials say they need for roads, the airport, water supplies and other facilities to handle the Bakken oil boom. The issue, which is exempt from state taxes, included debt due in May 2019 priced to yield 1.5 percent, about 0.75 percentage point above benchmark municipal securities, data compiled by Bloomberg show. Read more of this post

Gas Boom Projected to Grow for Decades

February 27, 2013, 8:50 p.m. ET

Gas Boom Projected to Grow for Decades

By RUSSELL GOLD

U.S. natural-gas production will accelerate over the next three decades, new research indicates, providing the strongest evidence yet that the energy boom remaking America will last for a generation.

OB-WM999_SHALE_G_20130227212402 Read more of this post

Smartphone app tests urine for medical conditions

Smartphone app tests urine for medical conditions

NEW YORK — A smartphone app that analyses urine samples for a range of medical conditions has been demonstrated at a science fair in the United States.

BY –

1 MIN 23 SEC AGO

NEW YORK — A smartphone app that analyses urine samples for a range of medical conditions has been demonstrated at a science fair in the United States.

The app can be used as an indicator of 25 different health issues including diabetes, urinary tract infections, cancers and liver problems.

Users who pay £13 (S$24.30) to download Uchek from Apple’s App Store from the end of this month will also be sent a mat and five dipsticks. Read more of this post

Nintendo Wii Games Boost Performance of Trainee Surgeons, Study Finds

Wii Games Boost Performance of Trainee Surgeons, Study Finds

Playing Nintendo Co.’s Wii console improved the performance of surgeons learning operations involving tiny cameras and instruments in a study that suggests the device could have a role to play in educating doctors.

In a trial among 42 post-graduate surgeons in Italy, those who were asked to play Wii games such as Tennis and a 3D battle game an hour a day, five days a week for four weeks did better at 13 out of 16 measures on a surgical simulator than those who didn’t play the games, researchers from Sapienza University of Rome wrote in the journal PLoS One today.

Trainee surgeons commonly hone their keyhole surgery skills on computer simulators such as those made by Cleveland-based Simbionix USA Corp. However, the expense of the machines, combined with the difficulty of a technique that involves maneuvering tiny operating tools through very small incisions, as well as increased risks of lawsuits, have raised the need for training outside the operating theater, researchers led by Gregorio Patrizi from the university’s department of surgical sciences wrote. Read more of this post

%d bloggers like this: