J&K assembly adjourned after furore over Afzal issue

JAMMU: The Jammu and Kashmir assembly was rocked by repeated disruptions on Friday, which ultimately led to the House being adjourned for the day, as various parties demanded that Parliament attack convict Afzal Guru's mortal remains be handed over to his family.

Cutting across party lines, members of the House from the ruling National Conference as well as opposition PDP and CPM had moved adjournment motions seeking discussion on the situation in the aftermath of Guru's execution and handing over of his mortal remains to his family.

Led by the leader of the opposition Mehbooba Mufti, PDP legislators flashed placards and demanded suspension of the business of the House to discuss the issue, with CPM member MY Tarigami, too joining in urging the speaker Mubarak Gul to accept their demand.

But when the speaker tried to pacify them saying that a discussion would be held in due course, PDP members raised slogans like 'Guru ki body ko wapas karoo, wapas karoo' (Return Guru's body).

"If there is a serious issue, (then) you have to suspend the normal business and discuss (it). But I fail to understand the attitude of this government (since yesterday)," Mehbooba Mufti later told reporters here.

The protests continued for over 15 minutes, forcing the speaker to adjourn the House for 45 minutes.

As the House reassembled after the adjournment, the speaker said that he had received adjournment motions of five members of NC besides those from PDP and CPIM and that he would take a view on them.

However, PDP members continued their protest even as the speaker started discussion on the governor's address.

With noisy scenes continuing in the House, the speaker adjourned the House for a second time around noon and later for the day.

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Scarred Duckbill Dinosaur Escaped T. Rex Attack


A scar on the face of a duckbill dinosaur received after a close encounter with a Tyrannosaurus rex is the first clear case of a healed dinosaur wound, scientists say.

The finding, detailed in the current issue of the journal Cretaceous Research, also reveals that the healing properties of dinosaur skin were likely very similar to that of modern reptiles.

The lucky dinosaur was an adult Edmontosaurus annectens, a species of duckbill dinosaur that lived in what is today the Hell Creek region of South Dakota about 65 to 67 million years ago. (Explore a prehistoric time line.)

A teardrop-shaped patch of fossilized skin about 5 by 5 inches (12 by 14 centimeters) that was discovered with the creature's bones and is thought to have come from above its right eye, includes an oval-shaped section that is incongruous with the surrounding skin. (Related: "'Dinosaur Mummy' Found; Have Intact Skin, Tissue.")

Bruce Rothschild, a professor of medicine at the University of Kansas and Northeast Ohio Medical University, said the first time he laid eyes on it, it was "quite clear" to him that he was looking at an old wound.

"That was unequivocal," said Rothschild, who is a co-author of the new study.

A Terrible Attacker

The skull of the scarred Edmontosaurus also showed signs of trauma, and from the size and shape of the marks on the bone, Rothschild and fellow co-author Robert DePalma, a paleontologist at the Palm Beach Museum of Natural History in Florida, speculate the creature was attacked by a T. rex.

It's likely, though still unproven, that both the skin wound and the skull injury were sustained during the same attack, the scientists say. The wound "was large enough to have been a claw or a tooth," Rothschild said.

Rothschild and DePalma also compared the dinosaur wound to healed wounds on modern reptiles, including iguanas, and found the scar patterns to be nearly identical.

It isn't surprising that the wounds would be similar, said paleontologist David Burnham of the University of Kansas Biodiversity Institute, since dinosaurs and lizards are distant cousins.

"That's kind of what we would expect," said Burnham, who was not involved in the study. "It's what makes evolution work—that we can depend on this."

Dog-Eat-Dog

Phil Bell, a paleontologist with the Pipestone Creek Dinosaur Initiative in Canada who also was not involved in the research, called the Edmontosaurus fossil "a really nicely preserved animal with a very obvious scar."

He's not convinced, however, that it was caused by a predator attack. The size of the scar is relatively small, Bell said, and would also be consistent with the skin being pierced in some other accident such as a fall.

"But certainly the marks that you see on the skull, those are [more consistent] with Tyrannosaur-bitten bones," he added.

Prior to the discovery, scientists knew of one other case of a dinosaur wound. But in that instance, it was an unhealed wound that scientists think was inflicted by scavengers after the creature was already dead.

It's very likely that this particular Edmontosaurus wasn't the only dinosaur to sport scars, whether from battle wounds or accidents, Bell added.

"I would imagine just about every dinosaur walking around had similar scars," he said. (Read about "Extreme Dinosaurs" in National Geographic magazine.)

"Tigers and lions have scarred noses, and great white sharks have got dings on their noses and nips taken out of their fins. It's a dog-eat-dog world out there, and [Edmontosaurus was] unfortunately in the line of fire from some pretty big and nasty predators ... This one was just lucky to get away."

Mysterious Escape

Just how Edmontosaurus survived a T. rex attack is still unclear. "Escape from a T. rex is something that we wouldn't think would happen," Burnham said.

Duckbill dinosaurs, also known as Hadrosaurs, were not without defenses. Edmontosaurus, for example, grew up to 30 feet (9 meters) in length, and could swipe its hefty tail or kick its legs to fell predators.

Furthermore, they were fast. "Hadrosaurs like Edmontosaurus had very powerful [running] muscles, which would have made them difficult to catch once they'd taken flight," Bell said.

Duckbills were also herd animals, so maybe this one escaped with help from neighbors. Or perhaps the T. rex that attacked it was young. "There's something surrounding this case that we don't know yet," Burnham said.

Figuring out the details of the story is part of what makes paleontology exciting, he added. "We construct past lives. We can go back into a day in the life of this animal and talk about an attack and [about] it getting away. That's pretty cool."


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Fla. Man Swallowed by Sinkhole, No Signs of Life












A Florida man has disappeared into a 30-foot-wide, 20-foot-deep sinkhole that collapsed the bedroom portion of his home overnight, according to police.


The hole opened up at around 11 p.m. Thursday night in the Brandon, Fla., neighborhood, authorities said.


"[The family] heard a sound that they described as a car crash emanating from the bedroom in the back of the house," Hillsborough County Fire Chief Ron Rogers said at a news conference today.


The family rushed into the room where Jeff Bush, 36, was sleeping, according to ABC News' Tampa affiliate WFTS-TV.


"All they could see was part of a mattress sticking out of the hole. Essentially, the floor of the room had opened up," Rogers said. "They could hear the nephew in the hole, but they could not see him."


Bush's brother, Jeremy Bush, jumped in and tried to rescue him, but was unsuccessful. A first responder "heroically" jumped in and rescued the brother, Rogers said.


The family was evacuated from the home as rescuers tried to get to the man.










Louisiana Sinkhole Raises Fears of Expansion Watch Video







Listening devices and cameras were sent into the hole.


"They did not detect any signs of life," Rogers said. "There continued to be collapses of the earth below the floor to the point where they had to eventually back out of the house."


Rogers said the main issue right now is that authorities and rescuers do not know how stable the house is.


It was previously reported that the hole was 100-feet wide, but Bill Bracken, president of Bracken engineering, clarified at the news conference that the safety zone around the hole is 100 feet, but the hole itself is between 20 to 30 feet in diameter.


It is contained within the footprint of the house, he said.


"The hole has actually taken up most of the inside of the house," Bracken said. "It started in the bedroom and has been expanding outward and it's taking the house with it as it opens up."


When asked what authorities believe the victim's status is, Rogers said, "Until we can actually determine where the victim is, I can't really answer that. We're going to do everything we can for Mr. Bush, but we have to make sure we don't endanger other personnel in the process."


Rogers said "time is a critical thing" and they are assessing the situation as quickly as possible without jeopardizing anyone else.


"We're not going to leave until we know that this community is safe and we know the extent of this issue here," he said. We're going to make sure that everyone is safe as much as we can. We don't know where the next sinkhole is going to open."


Police evacuated the other residents from the structure, as well as the two surrounding homes. Officials say the home could go at any moment.


"Our hearts go out to the Bush family during this terrible time," he said. "They're dealing with a lot of questions, a lot of unknowns."



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Scientists link two rats' brains, a continent apart






PARIS: Creating a "superbrain" of connected minds, scientists on Thursday said they had enabled a rat to help a fellow rodent while the animals were a continent apart but connected through brain electrodes.

With electrodes imbedded in its cortex, a rat in a research institute in Natal, Brazil sent signals via the Internet to a counterpart at a university lab in Durham, North Carolina, helping the second animal to get a reward.

The exploit opens up the prospect of linking brains among animals to create an "organic computer", said Brazilian neurobiologist Miguel Nicolelis.

It also helps the quest to empower patients stricken with paralysis or locked-in syndrome, he said.

"We established a functional linkage between two brains. We created a superbrain that comprises two brains," Nicolelis said in a phone interview with AFP.

Published in the journal Scientific Reports, Nicolelis' team gave basic training to thirsty rats, who had to recognise lights and operate a lever to get a reward of water.

They then implanted ultra-fine electrodes in the rats' brains, which were linked by a slender overhead cable to a computer.

In a glass tank in Natal, the first rat was the "encoder", its brain sending out a stream of electrical pulses as it figured out the tricks for getting the reward.

The pulses were sent in real time into the cortex of the second rat, or "decoder" rat, which was facing identical apparatus in a tank in North Carolina.

With these prompts from its chum, the decoder rat swiftly found the reward in turn.

"The pair of animals collaborated to solve a task together," said Nicolelis.

What the second rat received were not thoughts, nor were they images, Nicolelis said.

When the encoder rat achieved various tasks, the peaks in his brain signals were transcribed into a telltale pattern of electronic signals that were received by the decoder rat.

Once the rat recognised the usefulness of these patterns, they became incorporated into its visual and tactile processing.

"The second rat learns to recognise a pattern, a statistical pattern, that describes a decision taken by the first rat. He's creating an association of that pattern with a decision," said Nicolelis.

"He may be feeling a little tactile stimulus, but it's something that we don't know how to describe because we cannot question the subject."

The linkage "suggests we could create a brain net, formed of joined-up brains, all interacting," the scientist said, hastening to stress that such experiments would only be conducted on lab animals, not humans.

"If you connect several animal brains, rat brains or primate brains, you probably could be creating an organic computer that is a non-Turing machine, a machine that doesn't work according to the Turing design of all the digital computers that we know. It would be heuristic, it wouldn't use an algorithm, and it would uses probabilistic decision-making based on organic hardware."

Still unclear is how the decoder animal incorporates the encoder's signals into its mental space, a phenomenon called cortical plasticity.

"We basically show that the decoder animal can incorporate another body as an extension of the map that the animal has in it's own brain," said Nicolelis, adding, though: "We don't know how this is done."

Nicolelis carries out research at Duke University in Durham and at the Edmond and Lily Safra International Institute for Neuroscience of Natal, or ELS-IINN.

A decade ago, he leapt to prominence for pioneering work in having lab monkeys move a robotic arm through brain impulses.

The latest work should help this, he said: "We are learning ways to interact with and send messages to the mammalian brain that will be fundamental for our goals of medical rehabilitation."

His next goal is to have a paraplegic patient give the official kickoff to the 2014 World Cup in Brazil, using a brain-machine interface to activate an artificial limb.

- AFP/al



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Left returns to power in Tripura for 5th consecutive time; Congress retains Meghalaya

AGARTALA: The Left Front in Tripura today retained power for the fifth consecutive time since 1993 with the coalition securing a three-fourths majority by winning 50 of the 60 Assembly seats.

While CPM, which contested in 55 seats, secured win in 49 seats, coalition partner CPI won one seat of the two it had contested. However, RSP which fought in two seats and Forward Bloc in one, failed to open their accounts.

The Left Front also increased its tally from 49 seats in 2008 and 42 seats in 2003, paving the way for the seventh Left Front government since 1978 in the Northeast state.

The Congress managed to retain 10 seats of the 48 in which it had contested, while allies Indigenous Nationalist Party of Tripura and National Conference of Tripura were unable to win a single seat. The INPT and the NCT had contested in 10 and one seats, respectively.

All ministers of the outgoing ministry except science and technology minister Joy Gobinda Debroy of RSP were re-elected.

Chief minister Manik Sarkar won from the Dhanpur constituency where he defeated his nearest rival -- Congress' Shah Alam -- by 6,017 votes. Sarkar had won by 4,000 votes in the last Assembly elections.

Finance minister Badal Chowdhury made electoral history by defeating his nearest rival, a Congress candidate, by 12,429 votes in the Hrishyamukh constituency.

Other prominent Front leaders who won are Agriculture Minister Aghore Debbarma (Asharambari constituency), Industries Minister Jitendra Chowdhury (Manu) and Jail Minister Manindra Reang (Shantirbazar; ST).

Among Congress winners were Leader of the Opposition Ratan Lal Nath (Mohanpur constituency) and TPCC President Sudip Roy Burman (Agartala).

INPT president Bijoy Hrankhawl (Ambassa) and former TPCC president Surajit Dutta (Ramnagar) were among prominent candidates who lost in electoral battle.

CPM state party secretary Bijan Dhar said: "It is a victory of the people of the state, and a victory of peace and development and good governance of the sixth Left Front government."

Leader of the opposition Ratan Lal Nath said, "We accept defeat and will review the causes for it.

Nagaland for NPF and Congress wins Meghalaya

The Left Front stormed back to power in Tripura and the Naga People's Front (NPF) in Nagaland, while the Congress, which fared poorly in both states, emerged as the single largest party in Meghalaya with two seats short of absolute majority in the assembly election results declared today.

The three outgoing chief ministers of Tripura, Nagaland and Meghalaya, Manik Sarkar, Neiphu Rio and Mukul Sangma respectively were victorious.

The Left Front, which has won for the fifth consecutive term in Tripura, secured a three fourths majority with 50 of the 60 seats, with major partner CPM itself securing 49.

In Nagaland, NPF swept back to power for the third consecutive time winning absolute majority securing 38 of the 59 seats. Election in one seat was countermanded following the death of a candidate.

Congress could win only 10 of the 48 seats it contested in Tripura while it could manage to win only eight seats compared to the 18 it clinched last time in Nagaland.

In Meghalaya, the Congress bagged 29 of the 60 seats, falling two short of an absolute majority.

But the Congress improved its tally by securing four more than its tally in 2008.

The results were a shot in the arm of Congress chief minister Mukul Sangma who faced stiff opposition from old warhorse P A Sangma whose National People's Party managed to win just two seats.

In Tripura, the Left Front increased its tally from 49 seats in 2008 and 42 seats in 2003 paving the way for the installation of the seventh Left Front government since 1967.

Congress allies INPT and National Conference of Tripura, which had virtually revolted over allocation of seats before being pacified, drew a blank.

All ministers of the outgoing ministry except Science and Technology minister Joy Gobinda Debroy of RSP were re-elected.

Finance minister Badal Chowdhury made electoral history by defeating his nearest Congress rival by 12,429 votes in the Hrishyamukh constituency.

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Why African Rhinos Are Facing a Crisis


The body count for African rhinos killed for their horns is approaching crisis proportions, according to the latest figures released by the International Union for Conservation of Nature (IUCN).

To National Geographic reporter Peter Gwin, the dire numbers—a rhinoceros slain every 11 minutes since the beginning of 2013—don't come as a surprise. "The killing will continue as long as criminal gangs know they can expect high profits for selling horns to Asian buyers," said Gwin, who wrote about the violent and illegal trade in rhino horn in the March 2012 issue of the magazine.

The recent surge in poaching has been fueled by a thriving market in Vietnam and China for rhino horn, used as a traditional medicine believed to cure everything from hangovers to cancer. Since 2011, at least 1,700 rhinos, or 7 percent of the total population, have been killed and their horns hacked off, according to the IUCN. More than two-thirds of the casualties occurred in South Africa, home to 73 percent of the world's wild rhinos. In Africa there are currently 5,055 black rhinos, listed as critically endangered by the IUCN, and 20,405 white rhinos. (From our blog: "South African Rhino Poaching Hits New High.")

Trying to snuff out poaching by itself won't work, said Gwin. The South African government is fighting a losing battle on the ground to gangs using helicopters, dart guns, high-powered weapons—and lots of money. (National Geographic pictures: The bloody poaching battle over rhino horn [contains graphic images].)

"Every year they get tougher on poaching, but rhino killings continue to rise astronomically," said Gwin. "Somehow they have to address the demand side in a meaningful way. This means either shutting down the Asian markets for rhino horn, or controversially, finding a way to sustainably harvest rhino horns, control their legal sale, and meet what appears to be a huge demand. Either will be a formidable endeavor."

Hope and Hurdles

The signing in December of a memorandum of understanding between South Africa and Vietnam to deal with rhino poaching and other conservation issues raises hope for some concrete action. Observers say the next step is for the two governments to follow through with tangible crime-stopping efforts such as intelligence sharing and other collaboration. The highest hurdle to stopping criminal trade, though, is cultural, Gwin believes. "In Vietnam and China, a lot of people simply believe that as a traditional cure, rhino horn works." (Related: "Blood Ivory.")

The recent climb in rhino deaths threatens what had been a conservation success story. Since 1995, due to better law enforcement, monitoring, and other actions, the overall rhino numbers have steadily risen. The poaching epidemic, the IUCN warns, could dramatically slow and possibly reverse population gains.

The population growth is also being stymied by South Africa's private game farmers, who breed rhinos for sport hunting and tourism and for many years have helped rebuild rhino numbers. Many of them are getting out of the business due to the high costs of security and other risks associated with the poaching invasions.

Those who still have rhinos on their farms will often pay a veterinarian to cut the horns off—under government supervision—to dissuade poachers, but the process costs more than $2,000 and has to be repeated when the horns grow back every two years. Even then the farmers are stuck with horns that are illegal to sell—and which criminals seek to obtain.

Room for Debate

Rhino killings and the trade in their horns will be a major topic at a high-profile conference, the 16th meeting of the Conference of the Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which opens in Bangkok March 3. What won't surprise Gwin is if the issue of sustainably harvesting rhino horns from live animals comes up for discussion.

"It's an idea that seems to be gaining traction among some South African politicians and law enforcement circles," he said, noting that the international conservation community strongly opposes any talk of legalizing the trade of rhino horn, sustainably harvested or not. The bottom line for all parties in the discussion is clear, said Gwin: "The slaughter has to stop if rhinos are to survive."


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Fitch Ratings warns US over budget fighting






WASHINGTON: Ratings agency Fitch warned Washington on Wednesday that continued political fighting over the government budget and deficit-cutting measures could lead to the US losing its AAA grade.

With the government two days away from enacting the harsh "sequester" budget cuts because political parties cannot agree a more moderate compromise, Fitch said that the policy deadlock could lower confidence in the world's largest economy.

It pointed out that after the $85 billion sequester cuts that begin to take effect Friday comes a battle over a six-month budget, which has to be concluded by March 31 or the government could be shut down.

And shortly after that, on May 19, the country will hit its statutory borrowing limit.

"Implementation of the automatic spending cuts -- the sequester -- and a government shutdown would not prompt a negative rating action," Fitch said in a statement.

"But such an outcome would further erode confidence that timely agreement will be reached on additional deficit-reduction measures necessary to secure the 'AAA' rating."

Fitch, like other rating agencies focused mainly on how the US will reduce its massive deficit and debt burdens over the medium term, said that the sequester itself was not bad.

It called the 2011 poison-pill deal between Democrats and Republicans, originally aimed at scaring them into a more moderate deficit-cutting plan, the government's "only substantive agreement on medium-term deficit reduction" so far.

But it acknowledged projections that implementing the sequester's $85 billion in targeted cuts over the next seven months, and $110 billion in reductions for the 2014 fiscal year, would slow economic growth.

"A re-profiling of the spending cuts would support the economic recovery," Fitch said.

"But eliminating the sequester without putting in place equivalent deficit-reduction measures would imply higher deficits and debt than currently projected by Fitch and increase the pressure on the US sovereign ratings."

- AFP/al



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House panel against considering mercy plea of rape-murder convicts

NEW DELHI: Two months after questioning the rationale behind commuting death sentences of five rape-murder convicts to life imprisonment during then President Pratibha Patil's tenure, a Parliamentary committee has now suggested that the mercy petitions should not be by and large considered for such criminals.

Though the Committee is not in favour of completely knocking out the provision of mercy plea for convicts like those on death row, it wants the government to spell out reasons for grant of pardon.

The Parliament Standing Committee on home affairs - which finalized its report on the Criminal Law (Amendment) Bill, 2012 on Tuesday - also recommended the government to expeditiously dispose off any mercy petition.

Besides, the panel has favoured death sentence for rapists in case the victim dies or is left comatose. It has also agreed to replace the word 'rape' with 'sexual assault' - in sync with the Ordinance on criminal law that was promulgated by President Pranab Mukherjee on February 3 - and suggested including all clauses on capital punishment in the new Bill.

Sources in the home ministry said that the government will withdraw the pending Bill and introduce new Criminal Law (Amendment) Bill, 2013, in Parliament next month. The new Bill, replacing the Ordinance, will incorporate these provisions.

Though the matter concerning mercy pleas was not part of the panel's mandate, it is learnt to have suggested in the wake of strong objections raised by a few members over commutation of death sentence of five rapist-murderers to life imprisonment by President Patil between 2010 and 2012.

Members of the Committee - headed by BJP Rajya Sabha member M Venkaiah Naidu - had on December 27, 2012, referred to four cases involving five rapist-murderers while questioning the government's decision.

The cases include that of Uttar Pradesh's Bantu, who was convicted for raping and killing a five-year-old girl. His mercy petition was disposed off in his favour by President Patil last June. Among others whose death sentences were commuted include Moloi Ram and Santosh Yadav of Madhya Pradesh in February 2011, Satish of UP (May, 2012) and Dharmender Singh (June, 2010).

The last such criminal was hanged in the country was West Bengal's Dhananjoy Chatterjee in August, 2004. He was found guilty of raping and killing a 14-year-old girl in 1990.

Under Article 72 of the Constitution, the President's clemency powers can only be exercised under the government's advice. "The President shall have the power to grant pardons, reprieves, respites or remissions of punishment or to suspend, remit or commute the sentence of any person convicted of any offence," the Article says.

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Bring on the Cuts: Some Want the Sequester












Mark Lucas wouldn't mind seeing America's defense budget cut by billions.


"There's quite a bit of waste within the military," Lucas, who serves as Iowa state director for the conservative group Americans for Prosperity (AFP), told ABC News. "Being in there for 10 years, I've seen quite a bit of it."


With the budget sequester set to kick in on Friday, the former Army ranger is among a small chorus of conservatives saying bring on the cuts.


Read more: Bernanke on Sequester Cuts: Too Much, Too Soon


Lucas cited duplicative equipment purchases, military-run golf courses and lavish food on larger bases -- unlike the chow he endured at a combat operations post in Afghanistan with about 120 other soldiers.


"These guys would have very good food, and I'm talking almost like a buffet style, shrimp and steak once a week, ice cream, all this stuff," Lucas said. "They had Burger Kings and Pizza Huts and McDonald's. And I said to myself, 'Do we really need this?'"


Lucas and AFP would like to see the sequester modified, with federal agencies granted more authority to target the cuts and avoid the more dire consequences. But the group wants the cuts to happen.


"We're very supportive of the sequestration cuts but would prefer to see more targeted cuts at the same level," said the group's spokesman, Levi Russell.


As President Obama and his Cabinet members are sounding the sequester alarm bells, AFP's willingness shows that not everyone is running for the hills.






Charles Dharapak/Pool/AP Photo











Speaker Boehner Hopes Senate 'Gets Off Their Ass' Watch Video









Sequester Showdown: Automatic Spending Cuts Loom Watch Video









President Obama Details Consequences of Sequester Cuts Watch Video





Read more: 57 Terrible Consequences of the Sequester


Obama traveled to Norfolk, Va., on Tuesday to speak at a shipyard about cuts and layoffs to defense contractors. In his most recent weekly radio address, he told Americans that the Navy has already kept an aircraft carrier home instead of deploying it to the Persian Gulf. And last week, he spoke before national TV cameras at the White House, warning that first responders would be laid off.


Homeland Security Secretary Jane Napolitano has warned that the sequester will "leave critical infrastructure vulnerable to attacks." Transportation Secretary Ray LaHood has warned that air travel will back up after the Federal Aviation Administration furloughs air traffic controllers. And the heads of 18 other federal agencies told Congress that terrible things will happen unless the sequester is pushed off.


Some Republicans have accused the president of scaremongering to gin up popular support for tax hikes. Obama has warned of calamity and demanded compromise in the next breath, and a few Republicans have rejected this as a false choice.


Read more: Boehner Hopes Senate 'Gets Off Their Ass'


"I don't think the president's focused on trying to find a solution to the sequester," House Speaker John Boehner told reporters at a press conference on Tuesday. "For 16 months, the president's been traveling all over the country holding rallies, instead of sitting down with Senate leaders in order to try to forge an agreement over there in order to move the bill."


After Obama spoke to governors at the this week, Republican Louisiana Gov. Bobby Jindal told ABC News' Jonathan Karl outside the White House that the president is exaggerating the sequester's consequences.


"He's trying to scare the American people," Jindal said. "He's trying to distort the impact."






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Rental market for private homes may soften: analyst






SINGAPORE: Landlords of private homes may see the rental market softening when higher property taxes kick in next year, as these investors grapple with higher holding costs.

Owning luxury or investment homes will incur higher property taxes starting January 2014.

For private homes not occupied by owners, new marginal property tax rates of 12 to 20 per cent will be levied in addition to the current 10 per cent.

Coupled with the growing number of vacant apartments, industry players say Singapore's rental market is likely to soften.

Colin Tan, research head at Chesterton Suntec International said: "With the taxes especially, on vacant properties, which means you cannot seek relief from the taxman, investors now have to be a bit more cautious in trusting what the agents or sellers are telling them. What the tax does is to increase holding costs for investors.

"Going forward, I see rentals could soften because even at today's statistics - end of last year - there have been 12,000 vacant apartments. Can you imagine under the new tax regime, the landlord will have to start to look for tenants. And that makes a big difference."

The top one per cent of owner-occupied homes, about 12,000 units, will pay more taxes. This is on top of the various stamp duties imposed from the seven rounds of cooling measures.

But experts say Singapore properties remain attractive long-term investments for foreign buyers.

Kelvin Tay, regional chief investment officer at Southern APAC, UBS, said: "The number of foreign buyers as a proportion of total buyers, has actually dropped to 7 percent. If you are talking about the very high-end properties, you are talking about competition from other top global cities like London, San Francisco, New York, and not just Singapore. So you have to compare the real returns from the perspective of all these jurisdictions. Then you got to think about the regulatory regimes, the taxes that are in place."

Edmund Leow, head of tax and wealth management at Baker & McKenzie.Wong & Leow said: "We have to look at income tax, property, capital gain tax, estate duty and all kinds of other taxes. On an overall basis, Singapore is still fairly attractive to other foreigners, most other countries are also introducing similar measures."

- CNA/xq



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