Monday, March 5, 2012

Israel probably won't tell the U.S. if it's going to attack Iran

Israel Probably Won't Tell the U.S. If It's Going to Attack IranIsraeli officials have reportedly let it be known that they won't give their United States counterparts a heads up if the country decides to launch an airstrike against Iran. According to the Associated Press, Prime Minister Benjamin Netanyahu has told this fact to every American official coming to Israeli hoping to talk them out of a pre-emptive strike of Iranian nuclear facilities. Officials say it's for the U.S.'s own good, since if they don't know about the strike in advance, they can't be blamed for failing to stop it. Never mind that most of Israel's enemies don't trust anything they say and would likely assume that the Americans were behind it anyway. 

RELATED: Did Israel Blow Up an Iranian Missile Base?

Israeli leaders likely also assume (rightly) that the United States doesn't want to help, so they will make any decision on a possible attack without American input. Netanyahu will be in Washington next week to meet with President Barack Obama and top Congressional and diplomatic officials. This news won't get those talks off on the right foot. 


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10 Large Clean-Tech Funds

Ten Large Clean Tech FundsPhoto: Ben and Marcos Welsh | Age Fotostock | Getty ImagesClean tech has become a major destination for investors, from venture capital firms to ordinary shareholders. The large and diverse sector, which covers everything from energy to transportation to construction, touches all sorts of industries and often blurs with other areas. Clean tech, like green, was once closely associated with the socially responsible investing movement, but its sheer size today has created a wealth of investment vehicles in alternative, as well as concepts such as energy efficiency and storage. Here’s a look at the largest funds, based on market capitalization. (Data is from Morningstar). Not surprisingly, many of the select, top holdings include clean-tech industries such as solar, global water resources, fossil fuels alternatives, wind energy, global warming and carbon emissions. The timing couldn’t be better as some analysts forecast $5 retail gasoline by the summer, as crude oil prices remain well over $100 a barrel. But because clean-tech investing can be volatile, investment strategists generally advise dipping into this space as part of a larger, diversified portfolio plan. Click ahead to see 10 select, large ETFs with a strong focus on clean-tech holdings. The data are based on one-year trailing returns as of Jan. 31. By Heesun WeePosted 01 March 2012PowerShares Water Resources (PHO)Fund size: $908.8 million 1-year trailing total return: -3.4 percent 5-year trailing total return: NASelect top holdings: Pentair, Calgon Carbon, Pall PowerShares Global Water (PIO)Photo: Flip Chalfant | Image Bank | Getty ImagesFund size: $256.1 million1-year trailing total return: -9 percent 5-year trailing total return: NA Select top holdings: Hyflux, Arcadis, Kurita Water Industries PowerShares WilderHill Clean Energy (PBW)Photo: Sean Gallup | Getty ImagesFund size: $218.1 million1-year trailing total return: - 43.5 percent 5-year trailing total return: - 19.9 percent Select top holdings: Suntech Power Holdings, JA Solar Holdings, AMSC, STR HoldingsGuggenheim S&P Global Water Index (CGW)Photo: Joe Sohm | Digital Vision | Getty ImagesFund size: $193 million1-year trailing total return: +1.6 percent 5-year trailing total return: NA Select top holdings: Geberit AG, United Utilities Group, Severn Trent, American Water Works PowerShares Cleantech (PZD) Fund size: $107.7 million1-year trailing total return: -13.2 percent 5-year trailing total return: -1.5 percent Select top holdings: Schneider Electric, Pall, First Solar Guggenheim Solar (TAN) Fund size: $90.2 million 1-year trailing total return: - 61.8 percent 5-year trailing total return: NA Select top holdings: GCL-Poly Energy Holdings, First Solar, GT Advance Technologies PowerShares Global Clean Energy (PBD) Photo: Kathy Collins | Getty ImagesFund size: $89.8 million1-year trailing total return: - 33.9 percent 5-year trailing total return: NA Select top holdings: LSB Industries, Renewable Energy, First Solar First Trust ISE Water Idx (FIW) Photo: Hiroshi Hara | Amana Images | Getty ImagesFund size: $66.6 million1-year trailing total return: +3.5 percent 5-year trailing total return: NA Select top holdings: Basic Sanitation Company of the State of Sao Paulo (Brazil), Mueller Water Products, American Water Works Market Vectors Glb Alternatve Energy ETF (GEX) Photo: Lisa J. Goodman | Photographer's Choice | Getty ImagesFund size: $63.8 million 1-year trailing total return: -40.2 percent 5-year trailing total return: NA Select top holdings: Cooper Industries, Kurita Water Industries, Enel Green Power First Trust Global Wind Energy (FAN) Photo: Shaun Curry | Stringer | Getty ImagesFund size: $29.3 million 1-year trailing total return: - 21 percent 5-year trailing total return: NA Select top holdings: Vestas Wind Systems, Greentech Energy Systems, China WindPower

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Most Consumers Still Struggling to Afford Basics

Despite rising consumer confidence and strong February same-store sales, don't celebrate the return of the consumer just yet. The findings of a recent study by WSL/Strategic Retail provide some sobering observations.

Michael Blann | Photodisc | Getty ImagesConsumers are coming back, but they have limits, according to a recent study by WSL/Strategic Retail.

Most consumers still feel as though they are struggling to afford the basic necessities.

“Every retailer wants to think ‘Everything I sell is worth it! Shoppers will love it’, but the hard reality is 52 percent Americans feel they barely have enough to afford the basics," said Candace Corlett, president of WSL/Strategic Retail.

Corlett's comments are based on a survey WSL/Strategic Retail conducted of 1,950 consumers in December regarding their shopping habits.

Consumers have moved past the fear that was seen in the firm's 2010 How America Shops survey, Corlett said. However, they are returning to stores, but with limits.

Feeling the Strain

And it’s not just the lower-income consumers feeling the strain. Three groups are experiencing higher rates of financial struggle: those with incomes between $100,000 and $150,000, those aged 18 to 34 years old, and women.

According to this year's “How America Shops” survey, it now takes an income of more than $150,000 to be able to afford the basics, some extras and to save too.

As for the once-coveted 18- to 34-year-old market, it is now the demographic struggling the most when it comes to buying power.

In addition, about 75 percent of women say it’s important to get the lowest price on everything they buy, up 12 percent points from 2008. In this group, 68 percent are using coupons regularly and 45 percent are only buying items on sale.

Since the financial crisis, retailers have employed heavy promotions, perhaps unintentionally cementing these shopping behaviors.

“Retailers have trained women to never pay full price and take pride in being a smart shopper,” Corlett said. “It’s a real struggle to sell anyone anything at full price.”

Because price has become central for decision making, some brand names will suffer, particularly with women shoppers, Corlett said. Some 67 percent of women said that trusted brands are not worth paying for, and they are pausing to consider whether it’s a smart use of their money.

“It’s an income issue, but it’s also a value issue," she said. "We have lost that mindset of we have to buy, buy, buy, buy. . .we’ve built in a lot of push back. Retail sales will be up, but people aren’t buying everything they want, they are buying what they need.”

As a result, retailers need to ask themselves: can they afford to take price increases if they are selling to a shopper that can barely afford the basics?

"Frivolous is out,” she said.

Questions? Comments? Email us at document.write("");document.write("consumernation"+"@"+"cnbc.com");document.write('');. Follow Christina Cheddar Berk on Twitter @ccheddarberk.

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VIDEO: Corruption dogs India elections

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AppId is over the quota
29 February 2012 Last updated at 05:21 GMT Help

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Sunday, March 4, 2012

How British aid can still help India

AppId is over the quota
AppId is over the quota
1 March 2012 Last updated at 14:28 GMT By David Loyn BBC News, Bihar People living in a slum in Patna The use of British aid money in India, with its rapidly growing economy and ambitious space programme, has critics in both countries. But in the state of Bihar, a carefully targeted aid project is successfully reducing corruption, and improving the lives of some of the poorest people in the world.

When they set up recently as advisers in Bihar state offices, British aid officials faced a rather immediate problem.

One of their targets was increasing the number of toilets and safe washing facilities out in the countryside - but they had not expected to need to provide them for their own staff first.

The government system had been so hollowed out during the previous corrupt administration that the most basic of facilities had gone.

Now signs of change are everywhere.

A courtyard has become a graveyard of manual typewriters, lying rusting and broken among discarded wooden cupboards, desks and filing cabinets.

Every piece of furniture and old Remington typewriter has a number painted in white on it, denoting it as state property, some dating back from the 1930s.

In one ministry, there were so few people actually working that the British advisers hired street sweepers to do basic administrative jobs.

They needed to start from scratch as if coming to a land recovering from catastrophe - although Bihar had not faced a natural disaster or conflict, but corruption.

Its previous administration was infamous for theft - stealing votes, and misdirecting government subsidies.

Bihar's problems were similar to those faced by many frail, post-conflict countries - lacking even the systems to spend money allocated to it from central government.

It is this capacity that Britain hopes to improve so that Bihar can access money from Delhi that otherwise is going to waste.

On a busy corner in Patna, I watched as people queued up to apply for certificates of income, caste and land title.

British aid money was behind this project too, helping citizens to access state services without having to pay middlemen as they did in the past.

A map of India showing Bihar

This British scheme is even funding an Indian call centre. There was brisk business when I went to listen, as people phoned in to ask for the name of the individual official concerned with their case.

Failure to act within a certain period of time has led to civil servants being fined. Others have gone to jail for trying to continue the corrupt ways of the past.

This is a long way from the traditional image of aid as a handout, or payment for health, education or housing.

And the case that Britain retains its large aid budget to build the capacity of the Indian state may be a hard one to make to someone in the British public sector who has lost their job in the cuts caused by austerity at home.

But no-one could doubt the scale of the need.

If Bihar were a country, its per capita income would be the third lowest in the world. Only two countries in Africa would be below it.

In a slum of some 50 or so houses, wedged between a main road and a railway, backing onto a green fetid swamp full of mosquito larvae, Parbhatti Devi told me that she had lived here all her life.

She had lost all her fingers and toes to leprosy - and what she had, she earned from begging.

Children in a Patna slum Bihar's economy is growing fast, but many still live in poverty

Wires snaked through the makeshift roof of her hut, with improvised attachments to overhead cables, lethal in the monsoon rain. She had no safe drinking water nor access to a toilet.

Some Indian politicians and diplomats do not like Britain's large aid programme because this is not the image of a land with global middle class aspirations they want to project. They live as if in another country from the lepers by the railway tracks.

Bihar has shaken off its past and is now the least corrupt state in India and from a low base its economy is growing at more than 14%. Given that, should it not now take care of itself?

The answer from the most senior civil servant in the state was simple. He told me that development would have come, but far more slowly without the British technical expertise that has changed the way they do things.

He said that millions would be lifted out of poverty far sooner because of the British help.

We met in his office in the Secretariat building that was the seat of British colonial power here until 1947.

On his wall hung a painting of the huge conical brick structure that still stands at the west of the city, built by the British to store rice after a devastating famine in the 1770s.

In another century, Britain has a relationship of quite a different kind here.

How to listen to From Our Own Correspondent:

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Nokia Lumia 900 to be released in Europe on April 9th. Lumia 610 on June 11th.

Nokia Lumia 900 to be released in Europe on April 9th. Lumia 610 on June 11th.

Nokia has presented at the MWC 2012 the Nokia Lumia 900 version for Europe as well the newest and most affordable member of their Windows Phone 7 phone family, the Lumia 610. The biggest question left open was the release date of these phones. Today, Mobilefun site had advanced with these dates.

Nokia Lumia 900 to be released in Europe on April 9th. Lumia 610 on June 11th.

The Lumia 900 is, according with this site, to be released on the April 9th. The top-end WP7 by Nokia, featuring a 1.4 Ghz processor, stands out from the other models essentially by his a 4.3? display and front-face camera. One curious detail is also, according with the same source, that this phone will arrive with WP7 Tango OS version.

Nokia Lumia 900 to be released in Europe on April 9th. Lumia 610 on June 11th.

The Nokia Lumia 610, the first 256 Mb RAM phone operating with a WP7 OS, should arrive only on June 11th and it will be destined mainly to youngsters due to his lower price tag that is expected to be 189 Euros before taxes.

[Via]





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Rumour: Samsung Galaxy S3 set for April Release

Rumour: Samsung Galaxy S3 set for April Release

Although it hasn’t even been announced yet, the Samsung Galaxy S3 is allegedly set for an April release.  This means that an announcement should be coming between now and then, leaving very little time in between.

Perhaps this is why Samsung decided to pull the announcement of the S3 out from the MWC so that it would have it’s own spotlight, rather than be lost in the noise of quad-core phone announcements from other manufacturers.  As for specs, there are still a lot of rumours floating around but we can expect to see at least a 1.5GHz quad-core processor.  Most likely the Exynos and an even larger screen at around 4.8 inches.  Some rumours claim an edge to edge design.  Expect the camera to be even better, but doubts are it can best the current camera king, the Nokia 808 PureView.

It seems Samsung is taking a page out of Apple’s marketing book and believes it deserves top billing at it’s own launch event.  Can Samsung quiet the buzz already building for Apple’s inevitable iPhone5 announcement?  Maybe for a little while at least.

[VIA]





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