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Jan 7

SHANGHAI shares climbed the most in 10 trading days today, encouraged by a broad rally after a newspaper report said the government “won’t massively sell shares” to cool equity markets.

The Shanghai Composite Index, which tracks yuan-denominated A shares and hard-currency B shares, jumped 2.18 percent, or 105.61 points, to close at 4,941.78 at 3pm today. It was the biggest daily gain since December 6.

Gainers in the Shanghai market outnumbered losers 738 to 38 while 70 were unchanged.

The Shenzhen Composite Index, which covers the smaller mainland stock market, gained 2.22 percent, or 29.12 points, to 1,339.09.

The strong performance came today after Shanghai Securities News reported that the government “won’t massively sell shares” to cool equity markets.

Companies owned by the central government are committed to providing shareholders with sustained returns, strengthening business and enhancing the economic influence of the state-owned sector, the Shanghai Securities News said, citing Li Rongrong, director of the State-owned Assets Supervision and Administration Commission.

State-owned companies aren’t supposed to trade shares or seek to profit from price differences in the stock market, according to the newspaper report.

Still, these companies may sell shares “within limits” when stock prices are too high, to remind investors of the risks involved in the stock market, the newspaper reported.

Huaneng Power International Inc was among the industrial stocks that gained today after buying a stake in a Shenzhen electricity supplier.

Huaneng Power, China’s second-biggest power producer by market value, climbed 2.79 percent, or 0.38 yuan (5 US cents), to 14 yuan.

China Petroleum, Asia’s biggest oil refiner and also known as Sinopec, advanced 2.76 percent, or 0.58 yuan, to 21.57 yuan. PetroChina, the nation’s biggest oil company, also gained 1.20 percent, or 0.35 yuan, to finish at 29.59 yuan.

China may impose a tax of as much as 10 percent on crude oil output and introduce a fuel levy at an “appropriate” time to raise revenue for provinces and help fund roads, Vice Finance Minister Zhu Zhigang said.

The ministry would collect a five percent tax on crude oil and submitted a proposal to set the levy at twice that rate, Zhu said in a statement on the Beijing-based ministry’s Website.

Chinese oil producers presently pay a tax on any revenue above US$40 a barrel for oil they sell as a so-called windfall tax, introduced in March 2006. Payments will reach 60 billion yuan this year, the government said on December 6.

Meanwhile, China Life Insurance Co, the nation’s biggest insurer, was up 3.04 percent, or 1.67 yuan, to 56.63 yuan. The company said it received 183.8 billion yuan in premiums in the first 11 months of this year, without providing any year-earlier figures.

China United Telecommunications Corp, which controls the country’s second-largest cell-phone operator, jumped 6.76 percent, or 0.66 yuan, to 10.42 yuan. Its Hong Kong-listed unit China Unicom Ltd had its 12-month target price raised 17 percent to HK$20.40 by analyst Wang Jinjin at UBS AG.

Jan 5

Sierra Leone will send 160 military personnel to join the African peacekeeping mission in Darfur, Sudan, the military said on Wednesday night.

Deputy Chief of Defense Staff of the Sierra Leone Armed Forces Brigadier Robert Koroma told a press conference in the capital Freetown that the contingent will leave for Darfur on Dec. 17 and that it includes 30 personnel from the engineering division.

He said the development followed what he described as ” a successful assessment of a pre-development visit of officers of the department of peace keeping from the UN headquarters in New York.”

According to the deputy chief of defense staff, “all the necessary logistics have been sent well in advance” and a farewell parade will take place tomorrow Friday Dec. 4, where the Head of State who is the Commander in Chief of the Armed Forces, Ernest Bai Koroma, will review the troops.”

Currently, Sierra Leone has 25 military officers serving in various UN missions in countries, which also include East Timor, Nepal and Lebanon, as military observers and staff officers.

Jan 5

Iran’s Foreign Minister Manouchehr Mottaki slammed U.S. President Barack Obama’s troop surge plan in Afghanistan, saying troop increase will not resolve the Afghan crisis, local satellite Press TV reported Thursday.

Washington’s decision to dispatch 30,000 more troops to Afghanistan will not stabilize the war-torn country, and “increasing forces in Afghanistan will not resolve the crisis in that country,” Mottaki was quoted as saying.

“The real solution for Afghanistan is to respect its sovereignty and let the Afghan people determine their own political fate,” the top Iranian diplomat said Wednesday.

After months of review, Obama on Tuesday renewed his strategy for Afghanistan by sending 30,000 additional troops to the country in a decisive war against al-Qaeda network and extremists.

Obama also called on all U.S. allies, especially the NATO members, to offer their firm support for U.S.-led mission in Afghanistan to successfully dismantle, disrupt and destroy the al-Qaeda network.

Dec 30

A Chinese energy company started work on a centralized refrigeration station in the southern city of Sanya, in Hainan Province, on Saturday, as part of the country’s energy-saving drive.

The station at the Yalongwan Holiday Resort is being built by Hainan Guodianhuade Energy Investment Co. Ltd. as a means to reduce the use of traditional air conditioning. It will make ice during the night, when energy demand is low, and send cooled air to buildings during the day.

With an investment of 174 million yuan (23.8 million U.S. dollars), the project includes a refrigeration station that can cool 400,000 square meters and 8,000 meters of pipes.

The project, upon completion, is projected to save 15 million kwh of electricity and 2 million cubic meters of liquefied petroleum gas every year, compared with traditional decentralized cooling systems.

It could set an example in terms of energy saving for the vast southern parts of China that could use such centralized systems, according to the National Development and Reform Commission (NDRC).

China’s rapid economic development has led to high energy consumption and pollution. However, statistics indicate that China is becoming more energy-efficient, according to the country’s first energy white paper, which was published earlier this week.

During 1980-2006, energy consumption increased 5.6 percent annually, while the economy grew 9.8 percent annually, the paper said.

Dec 29
Federer, Djokovic roll into semifinals
Posted by admin in Uncategorized on 12 29th, 2009| | 3 Comments »

Roger Federer was at his dominant best Wednesday to book a place in the Australian Open semifinals as Ana Ivanovic brought Venus Williams’ tournament to a halt.

The Swiss ace kept his cool in two close-fought sets against 12th seeded American James Blake before running away a 7-5, 7-6 (5), 6-4 winner and will face Serbian third seed Novak Djokovic for a place in the final.

Standing between Ivanovic and a final appearance is Slovakia’s Daniela Hantuchova, who blew Polish teenager Agnieszka Radwanska off court 6-2, 6-2, as she continues her comeback after a dive in the rankings.

In beating Blake, Federer reached a record 15th consecutive Grand Slam semi and secured the No 1 ranking for a record 209th week.

“It’s great being on top of the game for so long and being compared to greats like Rod Laver and Pete Sampras, it’s great being part of the pinnacle of the sport in every Grand Slam I’m playing in,” Federer said.

Federer, who is on track to face second seed Rafael Nadal in Sunday’s final, will remain the world No 1 ranked player for the tournament following his victory over Blake.

“I heard rumors I could lose it (top ranking), but we’re a long shot away of ‘I got to lose, he’s got to win’,” Federer said.

“We know how tough it is to win Grand Slams, it’s a long way,” he added.

It was a sorry end for Williams, who was desperate to claim her first title at Melbourne Park to add to her four Wimbledon and two US Open crowns.

Ivanovic, 20, overcame the American eighth seed in a ferociously contested 7-6 (3), 6-4 thriller, and credited the crowd on center court and her improved fitness for helping her into the last four for the first time.

“It was an amazing match, we had lots of long rallies, she’s an amazing competitor and she was also playing very well today,” the 20-year-old fourth seed said after posting her first win over Williams in four attempts.

“I’m just so happy I pulled through the whole two sets.

“Most of all I’m thrilled that it happened here because I just love playing here and I’m so comfortable here on court.”

Williams played with her left thigh heavily strapped, but gave credit to her opponent. And she defiantly vowed to bounce back.

“I have full expectations and aspirations to continue to play high-quality tennis and to continue to be a champion,” she said.

Ivanovic will play ninth seed Hantuchova, ensuring at least one player in the final on Saturday will be contesting their first Australian decider.

In the other semifinal, fellow Serb Jelena Jankovic, seeded three, takes on fifth-seeded Russian Maria Sharapova on Thursday.

Hantuchova, 25, emphatically announced her Grand Slam comeback when she outclassed Radwanska for the loss of just four games.

The win ended Radwanska’s giant-killing run, which included second seed Svetlana Kuznetsova and former world No 3 Nadia Petrova, and confirmed the 25-year-old Slovak’s return to the big time.

She is in her first Grand Slam semi-final and it comes five years after her last Grand Slam quarter-final appearance here.

“It feels great. Every tennis player knows what I’m talking about when you get to that point when you feel like everything you touch is going in and I want to go on as long as possible,” she said,

Djokovic was in dazzling form against Ferrer, but admitted nerves got the better of him as he tried to close the match in the third set.

“I even surprised myself with the way I played today, especially in the first two sets, but in the end I was very, very nervous,” he said.

“You always try to improve and I’m very happy that I am performing my best tennis in the major events, this is just the start, so hopefully I can get all the way.”

The Serb has advanced without dropping a set in his five matches, stretching his winning streak on hardcourt to nine matches.

“He’s done a phenomenal job, four semifinals of Grand Slams at his age, I was never close to that at his age, he’s improved so much in the last couple of years and it’s exciting playing the best in the world,” Federer said.

Dec 26
Yao Ming-less Rockets rip Wizards 94-69
Posted by admin in Uncategorized on 12 26th, 2009| | 1 Comment »

Yao Ming couldn’t step on the court because of a foot stress fracture, so his teammates stepped up Tuesday night and notched a 94-69 win over the Washington Wizards for their 13th consecutive victory.

The Rockets didn’t appear to miss their All-Star center, jumping to a 7-0 lead and never trailing as they coasted to their 17th win in the last 18 games. The streak is their longest since their championship season of 1993-94, and the longest active streak in the NBA.

“Not having Yao, everybody had to step up a little bit and we all did,?? said Luther Head after scoring a team-high 18 points. “Everybody contributed and everybody scored. We did it as a team.”

Houston started 41-year-old Dikembe Mutombo in place of Yao, but also used the 6-foot-9 Carl Landry in the spot. Yao was averaging 22 points and 10.8 rebounds this season. Landry finished with 12 points.

“The first half was about as good defensively as we could play,” said coach Rick Adelman. “You really got to give Dikembe credit for stepping in.”

Tracy McGrady was ineffective for the first three quarters, going 2-of-11 with six points. He helped the Rockets stretch their lead when he had two slam dunks early in the fourth quarter to make 73-51 and finished with 11 points.

McGrady said Yao’s injury was a “devastating blow,” but that they can’t use it as an excuse.

“If we continue to play defense and believe, then we really control it ourselves,” he said. “Everybody is really counting us out, which is cool, but we just have to keep believing.”

With one star out and another struggling, the Rockets got double-digit contributions from several others, including Luis Scola, who was 7-of-7 for 14 points. Rafer Alston finished with 13 points.

Dec 24

A study in March dated the initial carving of the Grand Canyon at 16 to 17 million years ago, but a more recent study suggests the carving from water and wind may have begun when dinosaurs still roamed the American Southwest.

“The Colorado River, with some help from the wind, ultimately carries the detritus away pebble by pebble, sand grain by sand grain,” said one of the authors of the new study, Brian Wernicke of Caltech. “From this point of analysis, the unanswered questions about how and why the canyon formed start to pile up.”

The new thinking, detailed in the May issue of the Geological Society of America Bulletin, indicates that the canyon, or at least a prototype of it, actually formed about 55 million years ago ?w and possibly sooner ?w in younger rock layers that lay above the ones the canyon is cut into today. Erosion wore down these layers while water continued to carve out the canyon, essentially moving the whole landscape down through the rock sequence until it got to its present-day position.

Wernicke and his team used grains of the mineral apatite in the canyon’s ancient sandstone walls to find clues as to when the different rock layers were uncovered by erosion.

Apatite contains the radioactive elements uranium and thorium. As these elements decay, they spit out helium atoms. By comparing the relative abundances of the elements scientists can date the apatite grains.

These crystals form deep in the Earth, where temperatures are much hotter than at the surface. With each mile of depth, temperatures increase by about 72 degrees Fahrenheit (40 degrees Celsius). At temperatures above 158 F (70 C), the helium escapes from the mineral, but once the grains cool below that temperature, the helium becomes trapped. So the date of the apatite grains tells scientists the last time the rock layer was buried deep underground.

The dates the team got from samples taken from the bottom of the Upper Granite Gorge and the top of the surrounding plateau show that the two different rock sequences were both about 131 F (55 C) from 55 to 28 million years ago, then cooled to near-surface temperatures about 15 million years ago, Wernicke said.

If the rock sequences were at the same temperature for all those millions of years, they must also have been at the same depth, Wernicke and his team surmised. This suggests to the researchers that a canyon must have existed at least 55 million years ago in the younger rock layers that once lay atop the southwestern plateaus. It might have emerged sooner, they say.

The finding challenges the notion that the upper layers of the rock sequence were eroded away before the canyon formed. Instead, the team’s findings suggest that a canyon had formed in the upper layers and then the top rock layers were eroded away, with the river-cutting of the canyon keeping pace and continually lowering the position of the canyon.

Dec 23
Quake rescuers seek tiny signs of life
Posted by admin in Uncategorized on 12 23rd, 2009| | 1 Comment »

Ma Yuanjiang, a power plant executive, was rescued at around 00:50 am Tuesday from the rubble in Wenchuan County of southwest China’s Sichuan Province, nearly 179 hours after the May 12 earthquake.

He was surprisingly able to speak after being rescued, and shortly after he began to eat a little, said Wu Geng, Ma’s colleague and also head of the plant, who was at the rescue spot.

Ma was at a meeting when the magnitude 8.0 earthquake ravaged the plant office building, and he was trapped in the debris of the second floor, which has presented huge difficulties for rescuers.

The 31-year-old survivor was pulled out by a Shanghai rescue team from the debris of an office building at a flattened power plant, after more than 30 hours’ efforts.

Rescuers found Ma in the afternoon on May 18 when they were digging a hole trying to reach Yu Jinhua, a colleague of Ma.

Followed by an amputation operation, Yu was rescued at about 6:00 p.m. on May 18. Rescuers then turned to Ma and sent sweetened water to him through a straw.

Ma was receiving treatment at the temporary clinic of the Chongqing No. 3 Military Hospital, and will be sent by air to a hospital in Chengdu.

Ma, who is a power generation department deputy director of the Yingxiu Bay Hydro-Power Plant, is the only survivor saved so far on Tuesday.

Around 4:30 pm Monday, a man named Peng Guohua was saved 170 hours after the tremor, and was in a stable condition, military sources said Tuesday.

Peng was transferred to a military medical team stationed in the Anxian County of Mianyang City at 4 am Tuesday for medical treatment, and is currently in a stable condition, the military sources said on Tuesday.

Chances of survival are getting remote as a week has passed since the earthquake. Although challenged by continuous aftershocks, rescue operations are still proceeding, and dead bodies are promptly disposed of to prevent epidemic.

The Chinese health, police and civil affairs authorities said police and medical workers will keep record of the unidentified bodies and collect body tissues for DNA tests. The police will manage the DNA database for future identification.

Rescuers disinfected and took photos of the bodies before burying them. A brigadier from the Jinan Military Area Command said the photos will be collected and sent to local civil affairs office for reference.

“We took 30 cameras with us when we came for the rescue,” said Tang Yanfeng, a brigadier leading rescue work in the Pengzhou City, one of the worst-hit areas in the earthquake.

“Some people may never have a chance to see the bodies of their families, and we hope it’ll be a comfort to those if they could see their last photos,” he added.

Nationwide, the death toll from the quake rose to 34,073 as of midday Monday, while 245,108 people were injured.

Seeking Tiny Signs of Life

Beichuan, China - In the thin light of morning, rescuers pointing a flashlight into a pile of debris saw what looked like a person’s ear. The victim was deep inside the rubble; they could not tell if it was a man or a woman.

Rescue crews searching for dwindling numbers of survivors from China’s earthquake are looking for the smallest of clues.

On Monday, they found two: the ear, attached to a person showing the faintest signs of life, and the electronic beep of a toy.

The tiny traces of hope came at different times of day in Beichuan, a town reduced to mounds of rubble in last week’s quake. And they set off hours of painstaking work as rescuers tried to determine the safest approaches to keep debris from shifting and burying the survivors — if they were still alive.

It started around 6 am. Survivors who have come daily to search the wreckage for lost family members shouted to emergency workers, saying they thought they might have found someone. Shining flashlights 13 feet down into the wreckage, they found a sign.

“We saw an ear. It was not decayed,” said Xu Xiangqian, part of the Volunteers of Nantong Red Cross Society near Shanghai, who helped with the work. “And we knew maybe there was some hope.”

The rescuers surveyed the site, which was shaded by a tree, strategizing ways in and chipping away at the concrete. A heavy crane sat ready, roaring to life when needed.

As they worked on, around 5 pm in another corner of what was the town, at the end of a road, covered in glass, shoes and other belongings, geologists inspecting a collapsed apartment building, heard the tinny sound of music, like that from an electronic game. When they shouted, they said a woman’s voice — weak and faint — responded.

Both rescues ended in uncertainty after hours as night fell. Such endings were becoming more common as the magnitude-8.0 quake’s aftermath stretched into its ninth day, lowering the chances for survivors. Rescue workers said they have been called to numerous sites after possible signs of life were detected only to find nothing.

“We’d come out, we’d work for more than half a day and in the end, nothing,” said Zhang Qingshan, a member of the National Rescue Team, who lost his voice in the first few days of the tragedy because he had been shouting out to possible survivors who had been trapped.

Still survival remains possible. Rescuers speculated that the woman near the electronic toy stood a reasonable chance. Seeing a nearby sign for a restaurant in the debris, they wondered if the woman might have food to survive on. They tapped the storefront’s mangled metal gate and shouted “Hello? Is there anyone there? Hello?” over and over again.

Rescuers were buoyed by the midmorning retrieval of a 61-year-old woman from the ruins of a market 164 hours after being trapped.

“It was a miracle of life,” the Xinhua News Agency quoted medical worker Zeng Jun, as saying. “After hours of emergency treatment, Li showed normal signs and can answer simple questions.”

Her son, Zhao Jun, who learned of the rescue on television and rushed to the hospital, described his mother as “an ordinary old lady and not in good shape.”

Monday also marked a week since the quake, a good time, the rescue volunteers said, for finding someone. “It’s our greatest hope to find someone. We would be so happy,” said a member of the Guizhou Fire Battalion team who would give only his surname, Zhao. “Even if we have 1 percent of hope, it’s enough for us.”

The Guizhou team was trying to reach the person whose ear was first found. As the cool morning turned into a blazing hot afternoon, team members in bright orange jumpsuits, white helmets and facemasks were joined by soldiers in military fatigues. The maneuvered heavy machinery to pry apart stubborn pieces of debris. A crane lifted huge slabs of concrete.

“Slowly! Slowly!” rescuers shouted, worried that the hole they were making in the pile would suddenly collapse.

Equipment used to measure vital signs were lowered in. There were very faint signs of life. The growing crowd watching the process — mostly journalists and soldiers taking pictures on their cell phones — craned their necks. An ambulance equipped with a resuscitator and oxygen stood by.

The work stopped only twice: during a brief but strong aftershock around 4 pm, and at 2:28 pm, when emergency vehicles, police cars and work vehicles honked their horns and sirens crescendo in unison to mark the one week of the start of the quake.

There were many false alarms as excitement grew when it seemed like the rescue was almost complete — then dimmed when it became obvious the person was still trapped. It was never clear what building they were in before it collapsed or whether it was a man or a woman.

By late afternoon, the group of onlookers had thinned and rescuers had taken a new tack.

“Right now, we think the person is about 4 meters (13 feet) deep. We’ve gone 2 meters (6.5 feet) in and there’s a piece of concrete that’s blocking us,” said an official from the Ministry of Public Security’s Fire Battalion told reporters.

“The space can fit only 1.5 people but we have two people squeezed in there, chipping away at the concrete. We do not dare use anything bigger,” said the official, who refused to give his name but said he spoke on behalf of the agency.

It was much the same for the trapped woman with the electronic game. Once detected, rescuers surveyed the site. An argument over how to proceed ensued: should they tear through the ground-level rubble or drill from above?

Eventually, they drilled in from the floor above — and found no one. The mood deflated and the rescue experts dwindled away,

“Sometimes people use their last ounce of strength to call out to us and when they hear that we are coming to save them. They are so emotional, they die,” said Wang Jianwei, a member of Zhang’s National Rescue Team and who found the 61-year-old woman earlier in the day.

Only a handful of soldiers and two volunteers remained at the site, unconvinced that the space was empty. They resumed calling out to the woman and banging on metal.

“All of us heard the music and some of us heard her voice. There’s definitely someone in there,” said Meng Ye, a 40-year-old volunteer from the central city of Xi’an. “That sound will haunt me all night.”

The men worked after the sunset, using only a small flashlight to keep the darkness away.

Dec 20

Researchers are pointing fingers at global warming again, saying it has caused dramatic shifts in some aquatic communities in which fish populations die off and crabs, lobsters and squid take over.

The finding comes from a new analysis of 50 years worth of fish-trawling data collected in Narragansett Bay and adjacent Rhode Island Sound but may apply elsewhere, researchers said.

Resident fish communities have progressively shifted from vertebrate species (fish) to the invertebrates (lobsters and crabs); from bottom-feeders to species that find their food higher up in the water column; and from larger, cool-water species to smaller, warm-water dwellers.

“This is a pretty dramatic change, and it’s a pattern that is being seen in other ecosystems … but we’re in the relatively unique position of being able to document it,” said Jeremy Collie of the University of Rhode Island, leader of the new study.

Collie said while most of the changes observed in the survey occurred slowly, an abrupt change appeared to take place in 1980 and 1981 when benthic species (or bottom-feeders), such as winter flounder and silver hake, declined and pelagic species (or those that feed closer to the surface), such as butterfish and bluefish, increased.

“We think there has been a shift in the food web resulting in more of the productivity being consumed in the water column,” Collie explained. “Phytoplankton are increasingly being grazed by zooplankton, which are then eaten by planktivorous fish, rather than the phytoplankton sinking to the bottom and being consumed by bottom fish. It’s a rerouting of that production from the bottom to the top.”

Collie also noted that it was the decline of benthic species that had freed up the bottom of the bay for lobsters and crabs to move in.

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