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Wednesday 2 January 2013

Recession Babies may be more likely to be Teen Delinquents


A new analysis of data on U.S. teens born during the early 1980s ties slightly higher rates of adolescent smoking, drinking, arrests and thefts to macroeconomic conditions during the first year of life.






What was "striking for us was it basically went across all socioeconomic strata," said Dr. Seethalakshmi Ramanathan, the lead author of the study. "From a national level, it seems like everyone is affected."

Ramanathan's study focused on babies born around the time of the recessions of 1980-1981 and 1982, when unemployment rates around the nation ranged from 6.6 percent to 11.25 percent, but she said she wouldn't be surprised if the most recent recession also has a lasting impact.

"The mechanisms involved maybe different in intensity and severity, (but) based on the study it seems like there would be some effects," said Ramanathan, a researcher at State University of New York Upstate Medical University.

Earlier research has suggested that widespread economic strain might negatively impact kids in the short term.
One group of researchers found that the rate of serious physical abuse towards children spiked as the U.S. economy crashed in 2007.

To get some sense of how recessions might affect children long term, Ramanathan and her colleagues used a 1997 survey of nearly 9,000 children who were born in the U.S. between 1980 and 1984.

The questions asked about drug, alcohol and gun use, arrests, theft and other behaviors.
The researchers were able to determine the economic circumstances for the region in which each kid spent his or her first two years of life.

They found that some of the delinquent behaviors were more common among children who were surrounded by higher unemployment during infancy.

For instance, the teens were nine percent more likely to use marijuana if the region where they celebrated their first birthday experienced a one percent drop in employment during the early 1980s.

This means that instead of 20 out of every 1,000 kids smoking pot, the increased risk in higher unemployment regions would result in 23 pot smokers out of every 1,000 teens.
Such an increase nationwide would result in 115,000 additional pot smokers, the group estimates in its report, published in the Archives of General Psychiatry.

"That's a big number when you look at it," Ramanathan told Reuters Health.
The risks for being arrested, joining a gang, stealing, and using alcohol and tobacco also increased between 6 percent and 17 percent among kids who were babies in areas experiencing a spike in unemployment.
The findings held up regardless of whether the kids grew up in wealthy homes or poor ones.
"These results suggest that, irrespective of socioeconomic status, unfavorable economic conditions during infancy may create circumstances that can have an adverse effect on the psychological development of the infant and lead to the development of behavioral problems," the authors wrote in their study.
Assault, and the use of hard drugs or guns, however, were not affected by employment rates.
Ramanathan said it's not clear why certain behaviors were more likely in regions impacted by the recessions.
"People have talked about how economic stability can help parents invest in the child's development and how economic instability can affect family dynamics and the ability to be an effective parent," she said.
But she added that this is speculation, and more studies need to unravel the factors that are taking root in infancy and spilling out in teenage delinquency.
"We can't say high unemployment caused the effects. We don't know what the mediating factors are," Ramanathan said.



When Your Time is Good 
You Become Speaker
Every One Listen You

When Your Time is Bad
You Become Listner
No  One Would Listen You

Rather 
Every One would try to Teach You 





Singapore Dodges an Expected Recession
New York Times
SINGAPORE — Singapore's economy grew in the past three months of 2012, avoiding an expectedrecession as services put in a strong showing and gross domestic product figures for the first three quarters of the year were revised downwards, data ...
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Singapore Growth Beat Estimates Last Quarter to Avert Recession
Bloomberg
Singapore Grows and Averts Recession. Singapore's economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain elevated inflation. Gross domestic ...
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Spanish Inflation Unchanged as Deficit Fight Deepens Recession
Bloomberg
The Brussels-based European Commission suspended its budget-cut prescriptions for Spain in November after the 17- nation euro area fell into a recession. The European Central Bank lowered its economic forecasts last month, predicting a contraction of ...
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'Fiscal Cliff': Congress Approves Compromise Aimed at Averting Recession
ABC News
The House of Representatives has approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year. The compromise is now on its way to President Obama for his signature.
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ABC News
Are recession babies prone to riskier behaviors?
Fox News
Ramanathan's study focused on babies born around the time of the recessions of 1980-1981 and 1982, when unemployment rates around the nation ranged from 6.6 percent to 11.25 percent, but she said she wouldn't be surprised if the most recent recession ...
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Oil Prices Rise as Fiscal Cliff Recession Fears Recede
DailyFinance
The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession. The U.S. House of Representatives ...
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Recession babies may be more likely to be teen delinquents
CBS News
The state of the economy during a child's infancy may have an influence on their level of substance abuse and delinquent behavior later in life. Researchers discovered that there was a strong correlation children born during high unemployment rates ...
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CBS News
Eurozone industry still locked in recession
Deutsche Welle
At the end of 2012, the eurozone remained locked in recession, which was reflected by the 17th consecutive monthly drop in the purchasing managers' index (PMI) released by British research group Markit on Wednesday. The London-based group said the ...
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Deutsche Welle
Singapore Avoids Recession With Modest Growth in 4Q
Fox Business
Singapore's economy unexpectedly grew in the fourth quarter on a rebound in services, avoiding arecession, but the city-state's expansion remains tepid, with manufacturers hobbled by curbs on foreign workers and weak overseas demand. "It's good that ...
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We're All Declinist Pundits These Days; Recession-Proof
Foreign Policy (blog)
Most political observers in China today might qualify as what Joseph Nye calls "declinist pundits," those who have seized the recent U.S. economic recession as proof of America's diminishing global power ("Who Won the Great Recession?" November 2012).
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7 Deadly sins of Cloud Computing






7 deadly sins of cloud computing
PC Advisor
Automation, cost savings, and data redundancy--no wonder cloud adoption is tempting. The CISO can rest easy knowing there is no vice in moving to the cloud to reap these rewards. What may keep her up at night is not knowing how many missteps the ...
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Keywords: cloud computing, data privacy, data storage, e-discovery
Mondaq News Alerts (registration)
A multinational company is negotiating an agreement with a cloud computing provider to maintain and hold all of the company's electronically stored information and data. The general counsel of the multinational company is concerned about data privacy ...
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To Cloud Or Not To Cloud? It's No Longer A Question
Mondaq News Alerts (registration)
Several studies make the compelling case for cloud computing, including potential lower computing costs and increased flexibility or scalability in requirements. With the cloud market likely to grow from $40.7B in 2011 to $241B in 2020 (Forrester ...
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What are the top 3 myths about cloud ERP software?
CloudTech
The growth of cloud computing has caused a paradigm shift in all sorts of business applications, but perhaps most notably in ERP software. As noted in a previous article, cloud ERP is growing like wildfire as more and more businesses move to their ERP ...
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Synchronoss Acquires Cloud Services Provider NewBay From RIM
Talkin' Cloud
The acquisition of the Dublin, Ireland-based cloud services company will give Bridgewater, New Jersey-based Synchronoss the ability to expand its global mobility platform enablement strategy considerably. The acquisition followed shortly on the heels ...
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Talkin' Cloud
Cloud Computing Stocks: Talkin' Cloud Stocks Index
Talkin' Cloud
Welcome to the Talkin' Cloud Stocks Index*, which tracks 20 cloud computing stocks, software as a service (SaaS) stocks, infrastructure as a service (IaaS) stocks and platform as a service (PaaS) stocks. If you're new to this cloud stock index index ...
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LabTech Software Preps 2 Cloud Computing Surprises for MSPs
MSPmentor (blog)
LabTech Software, the remote monitoring and management (RMM) software company, is working on two specific cloud computing strategies to empower MSPs over the long haul. The first involves integrated, end-to-end cloud solutions that MSPs can offer...
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Monday 31 December 2012

Tu-204 of Russian Airline Crashed at Vnukovo Airport.


A passenger Airliner careered off the runway at Russia’s third-busiest Airport and partly onto a highway while landing on Saturday, broke into pieces and caught fire, killing at least four people.

Officials said there were eight people aboard the Tu-204 belonging to Russian airline Red Wings that was flying back from the Czech Republic without passengers to its home at Vnukovo Airport.

Emergency officials said in a televised news conference that four people were killed and another four severely injured when the plane rolled off the runway into a snowy field and partly onto an adjacent highway, then disintegrated. No
 collisions with vehicles on the major, multilane highway were reported.

The plane’s cockpit area was sheared off from the fuselage and the tail section partly torn away.

The crash occurred amid snow and winds gusting up to 15 meters a second (30 mph), but other details were not immediately known. A spokesman for Russia’s top investigative agency, Vladimir Markin, said initial indications were that pilot error was the cause.

The state news agency RIA Novosti cited an unidentified official at the Russian Aviation Agency as saying another Red Wings Tu-204 had gone off the runway at the international airport in Novosibirsk in Siberia on Dec. 20.   The agency said that incident, in which no one was injured, was due to the failure of the plane’s engines to go into reverse upon landing and that its brake system malfunctioned.

On Friday, the Aviation Agency sent a directive to the Tupolev company’s president calling for it to take urgent preventive measures.

The plane that crashed Saturday took off from Pardubice airport in the Czech Republic. Jan Anderlik, the director of the company that operates the airport, told Czech public television that the plane underwent a regular technical check before takeoff and no problems were discovered.
Prior to Saturday’s crash, there had been no fatal accidents reported for Tu-204s, which entered commercial service in 1995. The plane is a twin-engine midrange jet with a capacity of about 210 passengers.

The Red Wings airline is one of the holdings of Russian billionaire Alexander Lebedev, who also owns the British newspapers The Independent and the Evening Standard.
Vnukovo, on the southern outskirts of Moscow, is one of the Russian Capital’s three International Airports.


Small plane crash-lands near Chandler airport
azcentral.com
A small plane crash-landed near the Chandler Municipal Airport shortly before noon Monday, authorities said. The four people on board were not hurt, officials said. The Cessna 210 went down in a field near Queen Creek and McQueen roads across from the ...
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azcentral.com
Pilot uninjured as small plane crash-lands at McAllen airport
Monitor
A small plane sits along the end of the runway Monday, Dec. 31, 2012, at the McAllen-Miller International Airport. The pilot was not hurt in the incident that prompted airport officials to delay some flights as the small plane was moved off onto a ...
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Pilot killed in 'light' plane crash near Palmetto
WTSP 10 News
Palmetto, Florida -- Manatee County Sheriff's deputies, along with Fire Rescue, are currently on scene at a fatal light plane crash. Authorities say the plane went down in the heavily wooded area in the northern part of the county off Buckeye and Grass ...
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Family Killed in Lakeside Plane Crash
NBC Southern California
Three family members - a father, mother and daughter - were killed when a smallairplane crashed at the Sycamore Canyon Open Space Preserve in Lakeside. NBC 7's Lea Sutton reports. Family Killed in Lakeside Plane Crash · WATCH · Family Killed in ...
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NBC Southern California
Deadly Russian plane crash caught on video by dashcam
WPEC
Four people were pronounced dead soon after the crash and the airline said on its Twitter account that a fifth, a flight attendant, died Sunday. Those who died Saturday were the pilot, co-pilot, flight engineer and another attendant, Red Wings said.
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WPEC
Moscow plane crash: 4 die
TriValley Central
Rescuers work at the site where a plane careered off the runway Saturday at Vnukovo Airport in Moscow. A Tu-204 aircraft belonging to Russian airline Red Wings careered off the runway at Russia's third-busiest airport on Saturday, broke into pieces and ...
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Fatal Canadian plane crash has some thinking about child seats on aircraft
Alaska Dispatch
A tragic accident that claimed the life of a six-month-old baby in Nunavut earlier this month has some wondering whether car seats should be mandatory for airline passengers travelling with small children. When a Perimeter Aviation turbo-prop plane...
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Alaska Dispatch
MAK: Vnukovo Plane Crash Not Caused by Runway
The Moscow Times
The Interstate Aviation Committee announced Monday that the Red Wings plane crash that occurred on Saturday at Vnukovo Airport was not caused by the airport's runway. According to the committee, the runway was checked immediately after the crash, and ...
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Kingfisher Airlines Ltd loses Flying Permit




Despite all its efforts Kingfisher Airlines, on Monday, lost its flying licence as the Directorate-General of Civil Aviation (DGCA) refused to renew its Air Operator Permit (AOP) without a viable turnaround plan. Kingfisher, as desired by the DGCA, also failed to furnish no objection certificates from service providers, more specifically the Airports Authority of India (AAI), before the deadline. The airline’s flying licence, which was suspended in October after a workers’ strike, was scheduled for renewal on December 31, 2012, but the aviation regulator wanted a more comprehensive restart plan before renewal of permit.

DGCA officials said that they were not satisfied with Kingfisher’s assurances and needed more clarity before giving their nod. Director-General of Civil Aviation Arun Mishra did not receive calls to spell out the regulator’s stance and about Kingfisher’s future.

The non-renewal of permit is not the end for Kingfisher as the airline can apply for renewal of licence within two years. But as per Monday’s development, the airline has become defunct as it is no more a scheduled operator.

Now the airline has to convince lenders, airport owners, tax authorities and employees about its viability and get no objection certificates. On Monday, Kingfisher was negotiating with the AAI for a clearance but it did not come.

“Kingfisher Airlines (had) applied for renewal of its licence as a scheduled carrier. Subsequently, we submitted a restart and rehabilitation plan to the DGCA and also attended meetings to respond to queries. The plan itself clearly states that the funding required would be provided by The UB Group,” Kingfisher Airlines said in a statement.

“The DGCA has asked for certain no objection letters which are in the process of being procured. Further, a few additional questions have been raised which will be answered to the regulator’s satisfaction,” the statement added.

“Despite the impending expiry of its licence tonight [Monday], there is no cause for concern as the regulations permit licence renewal within two years of expiry. Kingfisher Airlines is confident of securing approval from the DGCA on the restart plan, licence approval and reinstatement of its AOP,” Kingfisher spokesperson said.




DGCA to ask for more details from Kingfisher on its finances,
Kingfisher submits interim revival plan,
Kingfisher applies for licence renewal,



GE Partially Divests Aviation Unit - Analyst Blog
NASDAQ
GE Aviation Systems, an operating unit of General Electric Company ( GE ), has recently announced the signing of an agreement with Woodward, Inc. ( WWD ), an independent designer and manufacturer of control solutions for the aerospace and energy ...
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Top 20 Aviation Stories of 2012
Flying Magazine
2012 was a year full of innovation and change for the aviation industry, a year that saw the introduction of some revolutionary new aircraft, along with the ongoing turmoil caused by the global economic downturn. While the list of major events could go ...
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Sky Aviation takes delivery of first Sukhoi Superjet 100
Breaking Travel News
Sukhoi Civil Aircraft Company and Indonesian air carrier Sky Aviation have signed in Ulianovsk (Russia) an act of delivery and acceptance for the first Sukhoi Superjet 100 on completion of technical acceptance procedure. The initial flight of the ...
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Breaking Travel News
Regional aviation meetings planned
Caymanian Compass
The Caribbean Tourism Organization will lead a mission next year to meet with top ministerial officials and technical personnel in its member countries to seek their assistance in the advancement of better intra-regional air links to help boost tourism ...
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Aviation director to speak at MLK event
Daily Commercial
Leesburg native Carolyn Fennell, director of public affairs for the Greater Orlando Aviation Authority, will be the keynote speaker for the 10th annual Dr. Martin Luther King Jr. Commemorative Awards Breakfast in The Villages. Some 625 people are ...
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TAAI sends letter to Tourism & Civil Aviation Minister requesting for ...
TravelBizMonitor
Travel Agents Association of India (TAAI) has condemned the recent gang rape in New Delhi and sent a letter to both, Dr Chiranjeevi, Tourism Minister and Ajit Singh, CivilAviation Minister requesting them to use their good offices to take corrective ...
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TravelBizMonitor
Bahrain civil aviation officials honoured
Trade Arabia
Four long-serving executives of Bahrain's Civil Aviation Affairs were honoured on the occasion of their retirement at a recent ceremony in Manama, held under the patronage of Kamal bin Ahmed Mohammed, Minister of Transportation. The officials included ...
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Trade Arabia
Aviation and transport deals signed
Times of Oman
The agreements' signing ceremony was attended by Eng. Salim bin Mohammed al-Nuaimi, Undersecretary of the Ministry of Transport and Communications for Transport and Eng. Salim bin Nasser al-Oufi, Chairman of the Public Authority for Civil Aviation ...
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The Hindu
Kingfisher Airlines down over 2% as its flying permit expires today
Economic Times
MUMBAIL Shares of Kingfisher Airlines fell by over 2 per cent as its flying permit, which has been suspended by aviation regulator DGCA, expires today. After falling over 3 per cent during the day, shares of the company finally ended at Rs 14.92, down ...
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Economic Times
Kingfisher Airlines says flying permit expiry not a problem
Reuters India
NEW DELHI (Reuters) - Kingfisher Airlines said expiration of its operating licenses, set for Monday, was not a cause for concern as the grounded Indian carrier has two years to renew the license and permits required to fly. "Despite the impending ...
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Kingfisher Airlines licence expires today; stock down
Economic Times
MUMBAI: Shares of Kingfisher Airlines were in the red as jittery traders booked profits on rising concerns that the beleaguered airlines' operating licence may get cancelled today by the Directorate General of Civil Aviation (DGCA). Last moment efforts ...
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Economic Times
DGCA renew Kingfisher Airlines' licence?
Moneycontrol.com
Today is the last day for Kingfisher Airlines to renew its flying permit, but with the aviation regulator Director General of Civil Aviation (DGCA) refusing to consider its renewal application unless there is more clarity on funding, KFA's license ...
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Flying permit of Kingfisher Airlines expires today
Economic Times
NEW DELHI: Flying permit of Kingfisher Airlines, which has been suspended by aviation regulator DGCA, expires today, but rules allow that it can be renewed within two years. The beleaguered carrier has submitted a revival plan to Directorate General of ...
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Economic Times
The Best and Worst Airline News of 2012: Looking Back
Condé Nast Traveler
2012 was a big year for air travel—what with extreme weather, troublesome mergers, and technological snafus roiling air traffic. At the same time, there were some positive developments: progress on air traffic control modernization and strides in ...
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Condé Nast Traveler
Airlines Would Like To Be Legally Exempt From Telling You How Much Your ...
Business Insider
For over two years, American carriers have been battling Barack Obama's Department of Transportation (DOT), which is considering requiring airlines to disclose fee information to travel agent distribution systems and online ticketing agents like Orbitz.
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Business Insider
The Safest Year Ever for Airline Passengers
Wall Street Journal (blog)
Commercial air travel is just about as safe as it has ever been, evidenced by the sparkling safety record of the past year. My colleague Andy Pasztor reported on Saturday that flying is the safest it has been since the dawn of the jet age in the early ...
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Survey measures airlines on rudeness
UPI.com
NEW YORK, Dec. 31 (UPI) -- A survey of flyers found American Airlines was the most-criticized U.S. airline when judging the rudeness of its employees. The survey conducted by Airfarewatchdog.com found 25 percent of its 1,000 respondents indicated ...
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Now Singapore too likely slipped into Global Recession


 Singapore likely slipped into recession in the three months to December, analysts told AFP on Monday, as data showed growth in 2012 came in lower than expected.

In his New Year's message, Prime Minister Lee Hsien Loong said "growth was slower this year, at 1.2 per cent", which is well off the official growth forecast of 1.5-2.5 per cent.

However, CIMB Research economist Song Seng Wun said the figures for the year indicate the economy shrank 3.5 to 4.0 per cent quarter on quarter in October-December, which followed a contraction of 5.9 per cent in the previous three months.

Two consecutive quarters of contraction point to a technical recession.

"It's basically just the magnitude of (the recession) rather than if," he told AFP.

And Jason Hughes, head of premium client management for IG Markets Singapore, said: "It would seem that the PM's statement of 1.2 per cent growth for 2012 would suggest that we've contracted in the fourth quarter which would put us in technical recession territory."

An official breakdown of the data will be released by the trade ministry on Wednesday.

Lee said growth had been hit by weakness in the city-state's key export markets of Europe, which is battling a debt crisis, and the United States and Japan, where economic recovery is sputtering.

"The weak US, European and Japanese economies dampened our growth, but some industries have also had difficulty hiring the workers they need to grow. Next year we expect to grow by 1.0-3.0 per cent," he added.

Singapore, widely regarded as a bellwether for Asia's export-driven economies, went through its worst-ever recession during the global financial crisis from the third quarter of 2008 to the second half of 2009.

Unlike its bigger neighbours, however, Singapore is more vulnerable to external trade developments because it has a small domestic base of just over five million residents.



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Television Rating Point (TRP) is a tool provided to judge which programmes are viewed the most. This gives us an index of the choice of the people and also the popularity of a particular channel. For calculation purpose, a device is attached to the TV set in a few thousand viewers' houses for judging purpose.

These numbers are treated as sample from the overall TV owners in different geographical and demographic sectors. The device is called as People's Meter.

It records the time and the programme that a viewer watches on a particular day. Then, the average is taken for a 30-day period which gives the viewership status for a particular channel.

Fiscal Cliff Disputes Keep Country on Edge, Recession Fears Looming
Fox News
Washington – With just hours to go before the U.S. falls off the so-called "fiscal cliff," Republicans and Democrats remained divided over taxes and spending, raising the prospect that markets will start 2013 without a clear idea of America's budget ...
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5 Quick Picks For A 2013 Recession
Seeking Alpha
Without a doubt, a recession would be unwelcomed by investors with a short investment horizon (1-3 years), but for those with a longer investment horizon, say 3+ years, it could be a great opportunity for profit. So what should potential investors do ...
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Singapore likely in recession after GDP data: Analysts
Economic Times
And Jason Hughes, head of premium client management for IG Markets Singapore, said: "It would seem that the PM's statement of 1.2 per cent growth for 2012 would suggest that we've contracted in the fourth quarter which would put us in technical ...
See all stories on this topic »

Economic Times
Greek retail sales slump deepens in October, recession bites
Economic Times
ATHENS: Greek retail sales fell 18.1 per cent year-on-year in October, recording the steepest drop in almost two years, as the deep recession and record-high unemployment took a toll on consumer spending. Figures released on Monday by the statistics ...
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U.K. Risk of Triple-Dip Recession Recedes
Bloomberg
Britain's economy emerged from a recession in the third quarter, helped by a boost from the London Olympic Games. While the Bank of England has said gross domestic product may decline this quarter in what will be a “zigzag” pattern of output, it ...
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Would Implementing The Full Fiscal Cliff Really Cause a Recession?
Slate Magazine (blog)
Hanging over Washington, DC for the past two months is the idea that full implementation of the fiscal cliff will likely push the economy into recession early next year. That's a conclusion driven by the Congressional Budget Office's August 22 report ...
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US Home Sales Set Recession-Era Record
NuWire Investor
The National Association of Realtors (NAR) reports that U.S. home sales hit a three-year high in 2012 and that momentum continues to build. Sales are up in nearly every region of the country and have been rising for the last nine months in a row. Sales ...
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Canadian Dollar Gains On Hope U.S. Avoids Recession
Bloomberg
By Ari Altstedter - 2012-12-31T16:28:04Z. The Canadian Dollar gained the most in a month against its U.S. counterpart on optimism U.S. politicians may reach a deficit-reduction deal in time to avoid tipping the nation's largest trading partner into ...
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Singapore 'likely in recession' after GDP data
AFP
SINGAPORE — Singapore likely slipped into recession in the three months to December, analysts told AFP on Monday, as data showed growth in 2012 came in lower than expected. In his New Year's message, Prime Minister Lee Hsien Loong said "growth ...
See all stories on this topic »
Business fears of triple-dip recession on the wane
The Independent
British businesses are growing increasingly bullish that the country will avoid a triple-dip recession. Fears that the economy could once again suffer contraction have fallen to an eight-month low, according to a survey of 300 £1m-plus turnover ...
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