SGX consults markets on proposed rule changes






SINGAPORE: The Singapore Exchange (SGX) is consulting the securities and derivatives markets on proposed rule changes to provide market participants with more clarity of their rights and responsibilities.

The proposed rule changes are meant to clarify when settlement and other payments between the clearing house and clearing members become final.

SGX is proposing rule refinements to remove rules related to the trading, clearing or settlement of physical scrip in the securities market.

It is also seeking to formalise the practice of SGX members maintaining separate accounts for each customer.

This will help monitor risks associated with customers of SGX members.

The rule amendments are set out in two consultation papers and are available from Thursday at www.sgx.com

The SGX invites comments on the papers till 3 January 2013.

- CNA/xq



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CWG case: Order on framing of charges against Kalmadi tomorrow

NEW DELHI: A Delhi court will pronounce tomorrow its order on framing of charges against former Commonwealth Games Organising Committee (OC) Chairman Suresh Kalmadi and 10 others in a games-related graft case.

Special CBI Judge Talwant Singh had on November 21 slated for tomorrow the pronouncement of order on charges in the case also involving former CWG OC Secretary General Lalit Bhanot as an accused in the case.

Besides Kalmadi and Bhanot, nine others have been charge-sheeted by the CBI for allegedly "illegally" awarding a contract to install Timing, Scoring and Results system for the 2010 CWG to Swiss Timing at an inflated rates causing a loss of over Rs 90 crore to the public exchequer.

They have been charge-sheeted under various provisions of the IPC, including those of criminal conspiracy under section 120(B), cheating (section 420), forgery (section 468 & 471) of the Indian Penal Code and the Prevention of Corruption Act.

The CBI had alleged Kalmadi and others had rejected Spanish firm MSL's much lower bid of Rs 62 crore and awarded the contract to Swiss Timing Omega, causing a loss of over Rs 90 crore to the exchequer.

The other nine accused in the case are OC's Director General V K Verma, Director General (Procurement) Surjit Lal, Joint Director General (Sports) A S V Prasad and Treasurer M Jayachandran. They are no more associated with the sporting body.

Promoters of two construction companies - P D Arya and A K Madan of Faridabad-based Gem International and A K Reddy of Hyderabad-based AKR Constructions are also accused in the case.

Besides the two firms, Swiss Timing Omega, the Swiss firm which was awarded the contract allegedly at exorbitant rates, is also an accused in the case.

During the arguments on charges, CBI counsel V K Sharma had argued that Kalmadi and others had decided to award the contract for installing the TSR system for the CWG to Swiss Timing even before the firm had bid for it.

Sharma had also said that for TSR installation, two bids had been received - one from Swiss Timing and other from MSL Spain, and the same were opened on November 4, 2009 but Kalmadi and Verma had announced in a meeting on October 12, 2009 itself that the contract would be given to Swiss Timing.

He had also said Kalmadi had made up his mind in advance to award the contract to the Swiss firm.

Kalmadi's counsel, however, had argued that the facts given in the CBI's charge sheet were contrary to the documents which the agency had filed in the court.

Kalmadi had told the court that he was only doing the work assigned to him as the OC chairman and nothing wrong was done by him in the entire process.

The counsel appearing for other accused had also opposed the allegations levelled against them by the CBI.

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Detecting Rabid Bats Before They Bite


A picture is worth a thousand words—or in the case of bats, a rabies diagnosis. A new study reveals that rabid bats have cooler faces compared to uninfected colony-mates. And researchers are hopeful that thermal scans of bat faces could improve rabies surveillance in wild colonies, preventing outbreaks that introduce infections into other animals—including humans.

Bats are a major reservoir for the rabies virus, according to the Centers for Disease Control and Prevention (CDC) in Atlanta. Previous research shows that bats can transmit their strains to other animals, potentially putting people at risk. (Popular Videos: Bats share the screen with creepy co-stars.)

Rabies, typically transmitted in saliva, targets the brain and is almost always fatal in animals and people if left untreated. No current tests detect rabies in live animals—only brain tissue analysis is accurate.

Searching for a way to detect the virus in bats before the animals died, rabies specialist James Ellison and his colleagues at the CDC turned to a captive colony of big brown bats (Eptesicus fuscus). Previous studies had found temperature increases in the noses of rabid raccoons, so the team expected to see similar results with bats.

Researchers established normal temperature ranges for E. fuscus—the bat species most commonly sent for rabies testing—then injected 24 individuals with the virus. The 21-day study monitored facial temperatures with infrared cameras, and 13 of the 21 bats that developed rabies showed temperature drops of more than 4ºC.

"I was surprised to find the bats' faces were cooler because rabies causes inflammation—and that creates heat," said Ellison. "No one has done this before with bats," he added, and so researchers aren't sure what's causing the temperature changes they've discovered in the mammals. (Related: "Bats Have Superfast Muscles—A Mammal First.")

Although thermal scans didn't catch every instance of rabies in the colony, this method may be a way to detect the virus in bats before symptoms appear. The team plans to fine-tune their measurements of facial temperatures, and then Ellison hopes to try surveillance in the field.

This study was published online November 9 in Zoonoses and Public Health.


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Virginia Tech Survivor Fights Back Against Guns













Colin Goddard knows what it's like to be in a classroom when an armed man bursts through the door and starts randomly shooting people. Goddard was a student at Virginia Tech when a gunman shot him and killed 32 people in the deadliest mass shooting in U.S. history.


"It was the most terrifying nine minutes of my life," Goddard told Terry Moran of "Nightline" Wednesday.
"One moment you're conjugating French verbs, the next you're shot."


Four of Seung-Hui Cho's bullets hit Goddard April 16, 2007. Three of the bullets are still in him and serve as a constant reminder in his work with the Brady Campaign to Prevent Gun Violence.


Goddard does more than just lobby and appear in public-service announcements. He says he goes undercover to show how easy it is to buy guns without any background check. It's the subject of his documentary called "Living for 32," after the 32 people who died at Virginia Tech in Blacksburg.


"There is not one thing that will stop all shootings," Goddard said. "
There's not one policy that will save us all, but a background check is something that will make it more difficult for dangerous people to get their hands on a gun."










School Shooting Survivor Documents Gun Law Fight Watch Video









Virginia Tech Documentary Debuts at Sundance Watch Video





In "Living for 32," Goddard says he was able to buy, for example, an Egyptian Maadi AK-47, a TEC-9 and a MAC-11 machine pistol at gun shows across the United States.


"I bought the same gun that was used to shoot me," he said. "I bought it all, all without a background check and it was all legal. My question is, 'Why is that legal?'"


Only licensed dealers are required by law to perform background checks on the people to whom they sell guns while private sellers can make gun-show sales with no background checks.


This is known as the "gun-show loophole" and Goddard has made it his mission to close it.


In one instance, Goddard was able to buy the Maadi Egyptian for $660 and was told by the dealer "there's no tax and no paperwork."


The dealer requested to see Goddard's Ohio driver's license. When Goddard couldn't provide it, he was still able to purchase the gun by providing an Ohio address instead.


"I didn't think I was going to be able to do it at first," he said. "And then once I did it once, then twice, then three times. I was like, 'Wow, this is really easy.'


"Toward the end I wasn't even thinking about it. I tried to do it as quickly as I could, say as few words as I could."


Polls show that a majority of Americans favor closing the loophole.


Goddard says closing the loophole won't end all gun violence, but that the government can do better.


The Brady Campaign recently launched a YouTube series, "We Are Better than This," in the wake of last week's shooting at Sandy Hook Elementary School in Newtown, Conn. The videos feature celebrities and, perhaps more significantly, families of mass-shooting victims.


In the first three videos, Goddard appears, as do Lonnie and Sandy Phillips, whose daughter Jessica Redfield Ghawi, died in the Aurora, Colo., mass shooting in July.






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TIME magazine names Obama 2012 person of the year






NEW YORK: Time magazine on Wednesday named the recently re-elected US President Barack Obama as its person of the year for 2012 -- the second time it has accorded him this honor.

The venerable American news magazine said the United States is in the midst of huge cultural and demographic changes and Obama is "both the symbol and in some ways the architect of this new America."

The magazine noted that Obama was the first president since Franklin Delano Roosevelt to win more than 50 per cent of the vote in two straight elections and the first since 1940 to be re-elected despite a jobless rate above 7.5 per cent.

Obama beat Republican Mitt Romney soundly in November's election to win a second four year term.

"In 2012, he found and forged a new majority, turned weakness into opportunity and sought, amid great adversity, to create a more perfect union," said Time, which named Obama person of the year in 2008 when he became America's first black president.

- AFP/ck



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Bank official gets three years in jail for Rs 20,000 bribe

NEW DELHI: An official of Indian Overseas Bank was sentenced to three years in jail by a Visakhaptnam court for demanding a bribe of Rs 20,000 from another employee to help him get a transfer.

The Special Judge for CBI cases in Visakhaptnam sentenced V M M V Nagendra Rao, Special Cadre Assistant with the bank's Seetharampuram Branch in Vijayawada, to three years of simple imprisonment and also slapped a fine Rs 20,000.

According to the CBI chargesheet against Rao, the accused had demanded a bribe of Rs 20,000 from a Clerk-cum-Cashier when he requested for a transfer to Kothagudem Branch on personal grounds, a CBI release said here today.

Rao, who was also Assistant General Secretary, All Indian Overseas Bank's Employees Union Vijayawada Region told the person that he can get it done by using his influence and demanded the bribe, the CBI said.

The complainant got a transfer to Kothagudem Branch in the second week of December 2007 after which Rao again demanded the bribe and warned that if he didn't get the money then he will get him transfred to a remote place, it said.

CBI laid a trap and allegedly caught the accused red handed while accepting a bribe of Rs 15,000 from the complainant.

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Race Is On to Find Life Under Antarctic Ice



A hundred years ago, two teams of explorers set out to be the first people ever to reach the South Pole. The race between Roald Amundsen of Norway and Robert Falcon Scott of Britain became the stuff of triumph, tragedy, and legend. (See rare pictures of Scott's expedition.)


Today, another Antarctic drama is underway that has a similar daring and intensity—but very different stakes.


Three unprecedented, major expeditions are underway to drill deep through the ice covering the continent and, researchers hope, penetrate three subglacial lakes not even known to exist until recently.


The three players—Russia, Britain, and the United States—are all on the ice now and are in varying stages of their preparations. The first drilling was attempted last week by the British team at Lake Ellsworth, but mechanical problems soon cropped up in the unforgiving Antarctic cold, putting a temporary hold on their work.


The key scientific goal of the missions: to discover and identify living organisms in Antarctica's dark, pristine, and hidden recesses. (See "Antarctica May Contain 'Oasis of Life.'")


Scientists believe the lakes may well be home to the kind of "extreme" life that could eke out an existence on other planets or moons of our solar system, so finding them on Earth could help significantly in the search for life elsewhere.



An illustration shows lakes and rivers under Antarctica's ice.
Lakes and rivers are buried beneath Antarctica's thick ice (enlarge).

Illustration courtesy Zina Deretsky, NSF




While astrobiology—the search for life beyond Earth—is a prime mover in the push into subglacial lakes, so too is the need to better understand the ice sheet that covers the vast continent and holds much of the world's water. If the ice sheet begins to melt due to global warming, the consequences—such as global sea level rise—could be catastrophic.


"We are the new wave of Antarctic explorers, pioneers if you will," said Montana State University's John Priscu, chief scientist of the U.S. drilling effort this season and a longtime Antarctic scientist.


"After years of planning, projects are coming together all at once," he said.


"What we find this year and next will set the stage for Antarctic science for the next generation and more—just like with the explorers a century ago."


All Eyes on the Brits


All three research teams are at work now, but the drama is currently focused on Lake Ellsworth, buried 2 miles (3.2 kilometers) below the West Antarctic ice sheet.


A 12-person British team is using a sophisticated technique that involves drilling down using water melted from the ice, which is then heated to 190 degrees Fahrenheit (88 degrees Celsius).


The first drilling attempt began on December 12, but was stopped at almost 200 feet (61 meters) because of technical problems with the sensors on the drill nozzle.


Drilling resumed on Saturday but then was delayed when both boilers malfunctioned, requiring the team to wait for spare parts. The situation is frustrating but normal due to the harsh climate, British Antarctic team leader Martin Siegert, who helped discover Lake Ellsworth in 2004, said in an email from the site.


After completing their drilling, the team will have about 24 hours to collect their samples before the hole freezes back up in the often below-zero cold. If all goes well, they could have lake water and mud samples as early as this week.


"Our expectation is that microbes will be found in the lake water and upper sediment," Siegert said. "We would be highly surprised if this were not the case."


The British team lives in tents and makeshift shelters, and endures constant wind as well as frigid temperatures. (Take an Antarctic quiz.)


"Right now we are working round the clock in a cold, demanding and extreme location-it's testing our own personal endurance, but it's worth it," Siegert said.


U.S. First to Find Life?


The U.S. team is drilling into Lake Whillans, a much shallower body about 700 miles inland (1,120 kilometers) in the region that drains into the Ross Sea.


The lake, which is part of a broader water system under the ice, may well have the greatest chances of supporting microbial life, experts say. Hot-water drilling begins there in January.


Among the challenges: Lake Whillans lies under an ice stream, which is similar to a glacier but is underground and surrounded by ice on all sides. It moves slowly but constantly, and that complicates efforts to drill into the deepest—and most scientifically interesting—part of the lake.


Montana State's Priscu—currently back in the U.S. for medical reasons—said his team will bring a full lab to the Lake Whillans drilling site to study samples as they come up: something the Russians don't have the interest or capacity in doing and that the British will be trying in a more limited way. (Also see "Pictures: 'Extreme' Antarctic Science Revealed.")


So while the U.S. team may be the last of the three to penetrate their lake, they could be the first to announce the discovery of life in deep subglacial lakes.


"We should have a good idea of the abundance and type of life in the lake and sediments before we leave the site," said Priscu, who plans to return to Antarctica in early January if doctors allow.


"And we want to know as much as possible about how they make a living down there without energy from the sun and without nutrients most life-forms need."


All subglacial lakes are kept liquid by heat generated from the pressure of the heavy load of ice above them, and also from heat emanating from deeper in the Earth's crust.


In addition, the movement of glaciers and "ice streams" produces heat from friction, which at least temporarily results in a wet layer at the very bottom of the ice.


The Lake Whillans drilling is part of the larger Whillans Ice Stream Subglacial Access Research Drilling (WISSARD) project, first funded in 2009 by the U.S. National Science Foundation with funds from the American Recovery and Reinvestment Act.


That much larger effort will also study the ice streams that feed and leave the lake to learn more about another aspect of Antarctic dynamism: The recently discovered web of more than 360 lakes and untold streams and rivers—some nearing the size of the Amazon Basin—below the ice. (See "Chain of Cascading Lakes Discovered Under Antarctica.")


Helen Fricker, a member of the WISSARD team and a glaciologist at University of California, San Diego, said that scientists didn't begin to understand the vastness of Antarctica's subglacial water world until after the turn of the century.


That hidden, subterranean realm has "incredibly interesting and probably never classified biology," Fricker said.


"But it can also give us important answers about the climate history of the Earth, and clues about the future, too, as the climate changes."


Russia Returning to Successful Site


While both the U.S. and British teams have websites to keep people up to date on their work, the Russians do not, and have been generally quiet about their plans for this year.


The Russians have a team at Lake Vostok, the largest and deepest subglacial lake in Antarctica at more than 2.5 miles (4 kilometers) below the icy surface of the East Antarctic plateau.


The Vostok drilling began in the 1950s, well before anyone knew there was an enormous lake beneath the ice. The Russians finally and briefly pierced the lake early this year, before having to leave because of the cold. That breakthrough was portrayed at the time as a major national accomplishment.


According to Irina Alexhina, a Russian scientist with the Vostok team who was visiting the U.S. McMurdo Station last week, the Russian plan for this season focuses on extracting the ice core that rose in February when Vostok was breached. She said the team arrived this month and can stay through early February.


Preliminary results from the February breach report no signs of life on the drill bit that entered the water, but some evidence of life in small samples of the "accretion ice," which is frozen to the bottom of the lake, said Lake Vostok expert Sergey Bulat, of the Petersburg Nuclear Physics Institute, in May.


Both results are considered tentative because of the size of the sample and how they were retrieved. In addition, sampling water from the very top of Lake Vostok is far less likely to find organisms than farther down or in the bottom sediment, scientists say.


"It's like taking a scoop of water from the top of Lake Ontario and making conclusions about the lake based on that," said Priscu, who has worked with the Russians at Vostok.


He said he hopes to one day be part of a fully international team that will bring the most advanced drilling and sample collecting technology to Vostok.


Extreme Antarctic Microbes Found


Some results have already revealed life under the ice. A November study in the journal Proceedings of the National Academy of Sciences reported that subglacial Lake Vida—which is smaller and closer to the surface than other subglacial lakes—does indeed support a menagerie of strange and often unknown bacteria.


The microbes survive in water six times saltier than the oceans, with no oxygen, and with the highest level of nitrous oxide ever found in water on Earth, said study co-author Chris McKay, an astrobiologist at NASA's Ames Research Center.


"What Antarctica is telling us is that organisms can eke out a living in the most extreme of environments," said McKay, an expert in the search for life beyond Earth.


McKay called Lake Vida the closest analog found so far to the two ice and water moons in the solar system deemed most likely to support extraterrestrial life—Jupiter's Europa and Saturn's Enceladus.


But that "closest analog" designation may soon change. Life-forms found in Vostok, Ellsworth, or Whillans would all be living at a much greater depth than at Lake Vida—meaning that they'd have to contend with more pressure, more limited nutrients, and a source of energy entirely unrelated to the sun.


"Unique Moment in Antarctica"


The prospect of finding microscopic life in these extreme conditions may not seem to be such a big deal for understanding our planet—or the possibility of life on others. (See Antarctic pictures by National Geographic readers.)


But scientists point out that only bacteria and other microbes were present on Earth for 3 billion of the roughly 3.8 billion years that life has existed here. Our planet, however, had conditions that allowed those microbes to eventually evolve into more complex life and eventually into everything biological around us.


While other moons and planets in our solar system do not appear capable of supporting evolution, scientists say they may support—or have once supported—primitive microbial life.


And drilling into Antarctica's deep lakes could provide clues about where extraterrestrial microbes might live, and how they might be identified.


In addition, Priscu said there are scores of additional Antarctic targets to study to learn about extreme life, climate change, how glaciers move, and the dynamics of subterranean rivers and lakes.


"We actually know more about the surface of Mars than about these subglacial systems of Antarctica," he said. "That's why this work involves such important and most likely transformative science."


Mahlon "Chuck" Kennicutt, the just-retired president of the Scientific Committee on Antarctic Research, an international coordinating group, called this year "a unique moment in Antarctica."


"There's a growing understanding of the continent as a living, dynamic place—not a locked-in ice desert—and that has created real scientific excitement."


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Australia a Model for Successful Gun Control?












If there is one country that best represents the possibility of cutting gun crime by increasing gun control, it is Australia.


In 1996, 28-year-old Martin Bryant finished his lunch in a café in the seaside resort of Port Arthur and pulled out a semi-automatic rifle. In the first 15 seconds of his attack, he killed 12 and wounded 10. In all, he shot more than 50 people in six locations, killing 35. The worst mass shooting in Australia's history capped a violent decade of mass shootings that killed nearly 100 – and Australians had had enough.


Only 12 days later, Prime Minister John Howard – a conservative who had just been elected with the help of gun owners – pushed through not only new gun control laws, but also the most ambitious gun buyback program seen in recent memory.


The laws banned assault rifles, tightened gun owner licensing, and created national uniform registration standards. Howard knew they might be unpopular among some of the same voters who helped put him into office -- during one particularly hostile public town hall, he wore a bulletproof vest.


But something extraordinary happened: the laws tapped into public revulsion at the shooting and became extremely popular. And they became extremely effective.






Tom Williams/CQ Roll Call/Getty Images







In the last 16 years, the risk of dying by gunshot in Australia has fallen by more than 50 percent. The national rate of gun homicide is one-thirtieth that of the United States. And there hasn't been a single mass shooting since Port Arthur.


"It's not that we are a less violent people and that you are a more violent people," says Philip Alpers, an adjunct associate professor at the University of Sydney who runs GunPolicy.org, which tracks gun violence and gun laws across the world. "It's that you have more lethal means at your disposal."


But it wasn't just the new laws that made Australia safer. The gun buyback program collected nearly 650,000 assault weapons and 50,000 additional weapons – about one sixth of the national stock. Fewer guns on the street helped severely reduce the likelihood that guns could be used for a mass shooting.


"Tens, if not hundreds of thousands of gun owners simply, voluntarily gave up guns that they did not need to give up," Alpers told ABC News. "You could not be a gun owner during that period and not feel terribly persecuted, terribly under threat from public opinion. The commentaries were vicious."


Gun advocates hold up Australia's example as a reason to try similar laws in the United States, following the massacre at Sandy Hook Elementary School. But Australians' willingness to give up their guns suggests a fundamental difference between Australia and the United States' gun cultures – and why Australia could be looked at for inspiration, rather than a model.


In the U.S., the founding fathers wrote gun ownership into the country's bedrock documents. Gun owners have long seen their weapons as a sign of freedom.


"But Australians are predisposed toward not having guns," Alpers argues. "We take it for granted that you license the gun owner and you register the firearm. Just as you do with a car. In the United States, everything went in the different direction."


So gun control advocates urge the Obama administration to look at certain steps Australia took – but not necessarily reproduce them.






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SMRT Alpha appointed to operate retail space at S'pore Sports Hub






SINGAPORE: The Singapore Sports Hub has appointed SMRT Alpha to lease and operate 41,000 square metres of commercial retail space at the Singapore Sports Hub.

This new joint venture is a partnership between subsidiaries of SMRT and NTUC FairPrice.

The retail mall and waterfront area will feature a variety of indoor and alfresco food and beverage outlets.

For shoppers, the mall will offer a wide range of stores and amenities.

Tenants will also include a FairPrice Xtra hypermarket at the mall, providing affordable daily essentials and groceries, as well as sportswear and sporting equipment, catering to the needs of the residents and shoppers in the area.

The Singapore Sports Hub will be opened and fully operational in April 2014.

- CNA/lp



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General Bikram Singh headed for Sri Lanka to bolster bilateral military ties

NEW DELHI: Continuing with the upward trajectory in bilateral military ties with Sri Lanka, General Bikram Singh will be leaving for Colombo on Wednesday. Apart from top political and defence officials, the Army chief will also meet Sri Lankan President Mahinda Rajapaksa during his four-day visit. Gen Singh will also be the chief guest at the passing out parade of the Sri Lankan Military Academy at Diyatalawa on December 22, apart from visiting other military establishments.

The last visit by the Indian Army chief to the island nation was in September 2010. The Indian government is trying to strike a fine balance between larger strategic considerations, in the backdrop of China making steady inroads into Sri Lanka, and domestic political considerations because discrimination against Sri Lankan Tamils by the majority Sinhalese in the island nation continues to be a hugely emotive issue in Tamil Nadu. Earlier this year, the UPA-II government had been forced to shift 27 Sri Lankan military personnel being trained at the Tambaram airbase near Chennai to neighbouring Karnataka after political parties in Tamil Nadu had kicked up a ruckus.

Though India trains soldiers from several countries, ranging from Maldives, Mauritius and Mongolia to Botswana, Uzbekistan and Tajikistan, the facilities extended to Sri Lanka are much more. Around 800 to 900 Sri Lankan military personnel are trained in different Indian military establishments every year. The Indian Military Academy at Dehradun, for instance, has even run 'special courses' to train hundreds of 'gentlemen cadets'' from Sri Lanka.

India has trained thousands of Sri Lankan personnel over the last several years at its military institutions ranging from Counter-Insurgency and Jungle Warfare School at Vairengte (Mizoram) to School of Artillery at Devlali (Maharashtra), apart from providing specialised naval courses in gunnery, navigation, communication and anti-submarine warfare. Even when the Sri Lankan forces were earlier battling the LTTE, India had provided some largely defensive military equipment like L-70 guns, battle-field surveillance radars, Indra-II radars and mine-protected vehicles to Sri Lanka.

The two nations had also cooperated in intelligence sharing and undertaken 'coordinated' naval patrolling. Continuing with this diplomatic and military engagement, India and Sri Lanka in September-November last year had also held their first major naval combat exercise SLINEX-11'' in six years, with a total of 16 warships off Trincomalee. The Indian Navy, in recent times, has also done hydrographic surveys and salvage operations for Sri Lanka.

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