Isnin, 12 Ogos 2013

NST Online Business Times : latest

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Posted: 12 Aug 2013 06:53 PM PDT

[unable to retrieve full-text content]KUALA LUMPUR: At 9.30 a.m. today, there were 222 gainers, 93 losers and 188 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,792.43 up 7.86 points, the FBMACE was at 5,317.02 up 12.13 points, and the FBMEmas was at 12,494.88 up 47.31 points. Turnover was at 269.397 million shares valued at RM137.412 million. -- BERNAMA

Bursa opens lower but gains momentum thereafter

Posted: 12 Aug 2013 07:01 PM PDT

[unable to retrieve full-text content]KUALA LUMPUR: Bursa Malaysia opened lower but rose thereafter extending its gains frolm yesterday aided by regional strength and investors returning from the Hari Raya Aidilfitri holidays to pick up good bargains, dealers said. At 9.07 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.85 of-a-point higher at 1,785.42, after opening 0.11 of-a-point lower at 1,784.46. A dealer said bluechips were likely to remain in consolidation mode while small caps in the construction and oil and gas sector would highlight trading with keen rotational play. "On the chart, the benchmark FBM KLCI's next resistance will be at the all-time high of 1,826 while immediate support stays at 1,772," he said. On the scoreboard, the Plantation Index fell 12.08 points to 8,284.55 and the Industrial Index slipped 0.02 of a point to 3,017.87 but the Finance Index gained 1.17 points to 16,985.68. The FBM Emas Index firmed 5.05 points to 12,452.62, the FBM100 Index added 4.96 points to 12,187.41 and the FBM 70 Index earned 2.521 points to 14,339.58. Gainers outpaced losers 124 to 54, with 139 counters unchanged, 1,256 untraded and 11 others were suspended. Turnover totalled 80.08 million shares worth RM37.34 million. Among actives, Astral Supreme, Flonic and Luster Industries added half-a-sen each to 24 sen, 17.5 sen and 10 sen, respectively, AWC gained 1.5 sen to 29.5 sen while Nextnation Communication was unchanged at nine sen. Heavyweights, CIMB added three sen to RM7.99 while both Axiata and Sime Darby gained one sen each to RM6.91 and RM9.49, respectively. Maybank lost four sen to RM10.44 while Petronas Chemicals was unchanged at RM7.27. -- BERNAMA

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NY police's 'stop-and-frisk' tactics violate rights, judge rules - Reuters

Posted: 12 Aug 2013 08:29 AM PDT

Demonstrators hold signs protesting the New York Police Department's ''stop and frisk'' crime-fighting tactic outside of Manhattan Federal Court in New York, March 18, 2013.

Credit: Reuters/Lucas Jackson

By Bernard Vaughan

NEW YORK | Mon Aug 12, 2013 11:28am EDT

(Reuters) - In a stinging rebuke to the Bloomberg administration, a federal judge ruled on Monday that the New York City Police's "stop and frisk" crime-fighting tactics violate the constitutional rights of minorities, despite claims by the mayor and police commissioner that it has driven down rates of violent crime.

U.S. District Judge Shira Scheindlin ruled that the police adopted a policy of "indirect racial profiling" by targeting racially defined groups for stops, resulting in the disproportionate, discriminatory stopping of tens of thousands of blacks and Hispanics, and that the city's highest officials "turned a blind eye" toward this result, she said.

"No one should live in fear of being stopped whenever he leaves his home to go about the activities of daily life," Scheindlin wrote in her opinion.

Police personnel felt or were aware of pressure to increase the number of stops when Mayor Michael Bloomberg took office in 2002 and brought in Raymond Kelly to be NYPD Commissioner, the judge wrote.

As a result, officers often frisked young minority men for weapons or searched their pockets for contraband before letting them go, in a violation of the Constitution's Fourth Amendment that protects against unreasonable searches and seizures, the judge said in a 195-page decision.

A 2012 New York Civil Liberties Union report showed a sharp, steady increase in police stops over the course of Bloomberg's three terms in office - to 685,724 in 2011 from 160,851 stops in 2003, with about half of the 2011 stops resulting in physical searches.

Bloomberg and Kelly countered that the practice has driven down violent crime and limited the number of illegal guns being carried on the streets on New York.

Scheindlin's major decision follows an exhaustive nine-week trial that ended in May that pitted the NYPD's interest in keeping New York's crime rate down against black and Latino plaintiffs who felt discriminated against. Scheindlin presided over the trial without a jury.

The NYPD did not immediately comment on the decision.

As part of her ruling, Scheindlin ordered the appointment of an independent monitor to oversee compliance with other remedies she ordered.

The other remedies include the NYPD adopting a written policy specifying circumstances where stops are authorized; adopt a trial program requiring the use of body-worn cameras in one precinct in each of the city's five boroughs; and to set up a community-based remedial process under a court-appointed facilitator.

(This story was refiled to fix typo in headline)

(Reporting by Bernard Vaughan, Chris Francescani, Jonathan Stempel; Editing by Philip Barbara)

Condos collapse into sinkhole near Disney World - USA TODAY

Posted: 12 Aug 2013 08:08 AM PDT

Engineers on Monday were trying to determine the extent of the damage after luxury resort condominiums crumbled into a massive sinkhole a few miles from Disney World.

Dozens of guests at the Summer Bay Resort in Clermont, Fla., had only 10 to 15 minutes to escape the cracking, collapsing building, the Orlando Sentinel reports. No injuries were reported, but many fleeing guests left behind all their belongings -- including medications.

About 30% of the three-story structure had collapsed by early Monday, Lake County Fire Rescue Battalion Chief Tony Cuellar said.

"My heart sunk. I was sick to my stomach," resort president Paul Caldwell told the Sentinel after getting a call about 10:30 p.m. Sunday that the 15-year-old building full of guests was splintering. "No doubt there would've been injuries if they hadn't gotten the building evacuated."

The sinkhole is about 50 feet in diameter and 15 feet deep. Firefighters went door-to-door of Building 104, a three-story building of garden-style units, to help guests escape.

Security guard Richard Shanley told the Sentinel he ran through the building waking up guests.

"While you are running by, pieces of the building are falling down behind you," he said. "So you just do what you can and get out. "

He said guests were afraid that the building might cave in with people inside.

"Kids were crying. They were saying, 'We don't want to get trapped here. Mommy, we're on vacation. We're here to have fun. This is not what we expected. We don't want to get trapped here,'" Shanley told the newspaper.

The building houses 24 units and about 20 people were staying in it at the time, Cuellar said. The building was sheared nearly in half.

Caldwell told the Sentinel the displaced guests were relocated to other buildings. An adjacent building was also evacuated and 16 people had to leave, Cuellar told the Sentinel.

The American Red Cross was providing assistance at the scene.

Sinkholes, common in Florida, are a function of soft limestone disintegrating from acidic rainwater. Development, heavy rains and removal of groundwater can accelerate the erosion.

In March, a 50-foot deep sinkhole swallowed a home near Tampa. Jeffrey Bush, 37, was sleeping in that home at the time and was declared dead.

Luis Perez, who was staying at a condo building near the sinking one, said he was in his room when the lights went off around 11:30 p.m. He said he was on his way to the front desk to report the outage when he saw firefighters and police outside.

"I started walking toward where they were at and you could see the building leaning and you could see a big crack at the base of the building," said Perez, 54, of Berona, N.J.

Contributing: Associated Press

Kredit: www.nst.com.my

Isnin, 12 Ogos 2013