Friday, August 31, 2012

Garbage in garbage out: Google Fiber edition

Google?s getting aggressive trying to get sign ups for its $70-a-month gigabit broadband service it?s building on top of a fiber-to-the-home network in Kansas City. It has adjusted the numbers of homes in certain areas to make it easier for those neighborhoods to get Google Fiber.

After lackluster fiber registrations in certain Kansas City neighborhoods, Google has adjusted down the number of homes in certain neighborhoods eligible for the service. The search giant says it is lowering the number of homes in 73 of its designated ?fiberhoods,? because it had orginally collected bad data, but others wonder if this is an effort to goose signups so it looks like a greater percentage of homes are signing up for Google?s pioneering gigabit broadband service.

In a blog post Friday, Google?s Kevin Lo wrote:

Our build-by-demand model is unique. It will keep our prices low by using efficient networking and construction processes. And, in order to make it work, we need accurate data to define the number of residential addresses in each fiberhood. Since we were hearing some concerns about pre-registration goals, we sent our street teams back out into Kansas City, Kan. and Kansas City, Mo. to figure out what changes we needed to make.

Lo explains that vacant lots, abandoned homes and miscounted apartments all contributed to the problem of over representing the number of homes in some areas. While this is likely true, it?s somewhat amazing that a company that is sending a specially designed tricycle to bring its StreetView product to the Arctic Circle can?t gather accurate data tied to what analysts estimate is a $500 million investment.

If it is the case that Google is having to play some sort of game with the number of homes in order to get the appearance of more signups it?s only a PR victory ? its economic model for deploying fiber to large numbers of homes at one time is one of the things helping it keep its costs down.

But maybe a PR victory is all Google needs. After all, if people in areas that are close to hitting that magic we-get-fiber point feel like their pre-registration could tip things over the edge, maybe they?d be more likely to shell out the $10 to pre-register and sign up. Regardless, Google already has signed up a significant number of fiberhoods so far, and has until Sept. 9 to entice even more residents to get a gigabit.

Source: http://gigaom.com/2012/08/31/garbage-in-garbage-out-google-fiber-edition/

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38 yrs, Female, 5'1", Hindu, Bengali, Kayastha, India

Lakshmi Das?(B1131557), Kolkata, India

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Age, Height :

38 Yrs, 5?Ft?1 ?In / 155 Cms

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Hindu

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Kayastha (Caste No Bar), Bose

Location :

West Bengal, Kolkata

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BA

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Sales Professional


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simple mind ,hobby-listening music,reciting and like to visit many palaces

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Slim / Wheatish

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5?Ft?1 ?In / 155 Cms

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Hindu

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Kayastha (Caste No Bar) / Bose

Gothram

alimman

Star / Raasi

Punarvasu / Dhanu (Sagittarius)

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Yes

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Rs.?60,000

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Traditional

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Middle class

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Groom's Age

38 - 47 Years

Height

5 Ft 1 In - 6 Ft 8 In / 155 Cms - 204 Cms

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Kayastha, Caste no bar

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Non Vegetarian, Eggetarian

Smoking Habits

Doesn't matter

Drinking Habits

Doesn't matter

Education

Bachelors - Engineering / Computers / Others, Masters - Engineering / Computers / Others, Bachelors - Arts / Science / Commerce / Others, Masters - Arts / Science / Commerce / Others, Bachelors - Management / Others, Masters - Management / Others, Bachelors - Medicine - General / Dental / Surgeon / Others, Masters - Medicine - General / Dental / Surgeon / Others, Bachelors - Legal / Others, Masters - Legal / Others, Service - IAS / IPS / IRS / IES / IFS / Others, PhD, Finance - ICWAI / CA / CS/ CFA / Others

Source: http://profile.bengalimatrimony.com/profiledetail/viewprofile.php?id=B1131557

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Pilates Power System, Health & Fitness - Peterscarlo816's blog

Top Spots To Find Yoga And Pilates Gear Around Denver

Yoga and Pilates are fun ways to get fit without pounding your joints. Whether you want to work out in a class or at your home, check these places out for yoga and Pilates gear.

5 Best Places To Find Yoga And Pilates Gear In Sacramento

Looking for that perfect yoga and Pilates gear? Look no more; find the equipment that fits your needs.

Best Places For Yoga & Pilates Gear In DFW

Whether looking for clothes that truly fit and breathe, or the ideal equipment for your fitness level, these yoga and Pilates stores can help you on your path to bodily enlightenment.

Best Places To Find Yoga And Pilates Gear In Chicago

With yoga and pilates being one of the hottest fitness crazes in Chicago, these local venues sell various gears such as yoga socks, tops, bottoms and pants. Here are my five local venues/business picks that sell yoga and Pilates gear.

5 Best Places To Find Yoga And Pilates Gear In Detroit

Pilates and yoga are a great way to unite the mind, body and spirit for better mental and physical health. Making sure the clothing you wear is durable and designed to allow your body to breathe and be more flexible is important to feel confident and comfortable during movement. Here are five of Detroit?s best places to purchase Yoga and Pilate clothing, mats, books and other products to improve ...

5 Best Places To Find Yoga And Pilates Gear In Miami

Achieve zen with the best yoga and pilates gear in Miami.

Global Sports and Fitness Clothing Industry

NEW YORK, Aug. 27, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Global Sports and Fitness Clothing Industry http://www.reportlinker.com/p092497/Global-Sports-and-Fitness-Clothing-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=FitnessThis ...

Men piling in for Pilates classes

A FITNESS class for people suffering from back and shoulder problems is bucking the gender trend by proving popular with both women and men.

Pilates training ground

MADHUMATHI D.S. Amongst the many garishly coloured signboards on the busy Koramangala high street in Bangalore, Anjali and Sharat Sareen?s first-floor studio is tucked away discreetly.

Pilates creates grace, increased flexibility

Shawn Martin, who once taught Pilates classes at Northwinds Fitness (now closed) now teaches Pilates out of her home. Her business, Pilates West has increased in size every year due to the popularity of Pilates.

Source: http://ecommerce.matrix-e.com/eshops/44-health-fitness/23577-pilates-power-system-health-fitness.html

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Source: http://peterscarlo816.typepad.com/blog/2012/08/pilates-power-system-health-fitness.html

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Thursday, August 30, 2012

Syrian activists say rebels shot down warplane

Syrian men rest on the rubble of a shop destroyed form Syrian government forces shelling, while waiting their turn to buy bread from a bakery shop, in the Syrian town of Azaz, on the outskirts of Aleppo, Thursday, Aug. 30, 2012. (AP Photo/Muhammed Muheisen)

Syrian men rest on the rubble of a shop destroyed form Syrian government forces shelling, while waiting their turn to buy bread from a bakery shop, in the Syrian town of Azaz, on the outskirts of Aleppo, Thursday, Aug. 30, 2012. (AP Photo/Muhammed Muheisen)

Syrians, who fled their homes, due to fighting between the Syrian army and the rebels, collect water from a tanker, as they take refuge at the Bab Al-Salameh border crossing, in hopes of entering one of the refugee camps in Turkey, near the Syrian town of Azaz, Thursday, Aug. 30, 2012. (AP Photo/Muhammed Muheisen)

Syrian women, who fled their homes in Aleppo, due to fighting between the Syrian army and the rebels, hang their laundry in a field facing the Turkish border, as they take refuge at the Bab Al-Salameh border crossing, in hopes of entering one of the refugee camps in Turkey, near the Syrian town of Azaz, Thursday, Aug. 30, 2012. (AP Photo/Muhammed Muheisen)

Syrians, who fled their homes due to fighting between the Syrian army and the rebels, take refuge at the Bab Al-Salameh border crossing, in hopes of entering one of the refugee camps in Turkey, near the Syrian town of Azaz, Thursday, Aug. 30, 2012. (AP Photo/Muhammed Muheisen)

Syrians, who fled their homes due to fighting between the Syrian army and the rebels, take refuge at the Bab Al-Salameh border crossing, in hopes of entering one of the refugee camps in Turkey, near the Syrian town of Azaz, Thursday, Aug. 30, 2012. (AP Photo/Muhammed Muheisen)

BEIRUT (AP) ? Syrian activists said rebels shot down a government warplane over the northern province of Idlib on Thursday, the second time in a week that opposition fighters claimed to have brought down an aircraft in the escalating civil war.

Two activist groups, The Local Coordination Committees and the Britain-based Syrian Observatory for Human Rights, said the plane was seen crashing near the Abu Zuhour air base. Idlib-based activist Alaa al-Din said rebels shot it down with heavy machine guns.

A video broadcast on the pan-Arab satellite station Al-Arabiya shows what appears to be a person parachuting and rebels cheering and claiming he was the pilot. The video's authenticity could not be verified.

The government had no immediate comment, and the report couldn't be independently confirmed. But a brief video clip posted by an Idlib-based rebel group showed the body of a man in an olive-green pilot overall with an apparent head wound. A short distance away lay what appeared to be a white parachute.

The authenticity of the video, dated Aug. 30, could not be independently verified.

Over the past month, President Bashar Assad's regime has been relying much more heavily on air power, escalating the fight with rebels as its ground forces have been stretched thin fighting on many fronts including Syria's two largest cities ? Damascus and Aleppo. The military has conducted air raids on the northern regions of Idlib and Aleppo near Turkey as well as the eastern province of Deir el-Zour.

The increased use of air power is likely a factor in the high daily death tolls, which activists say have been averaging 100-250 lately.

Later in the day, Human Rights Watch said government forces have killed scores of civilians over the past three weeks by bombarding at least 10 areas where they were lining up at bakeries near and around Aleppo.

"Day after day, Aleppo residents line up to get bread for their families, and instead get shrapnel piercing their bodies from government bombs," researcher Ole Solvang said in a statement after returning from the northern city.

The rebels' claim of shooting down the warplane on Thursday was the third time this month they said they have brought down a government aircraft.

Earlier this week, the opposition fighters said they shot down a helicopter in the Damascus neighborhood of Jobar while the government confirmed a chopper crashed in nearby area of al-Qaboun. On Aug. 13, rebels claimed to have shot down a regime MiG-23 warplane and captured the pilot in Deir el-Zour. Syria says the pilot ejected after a technical malfunction in the fighter jet.

If the rebel claims are confirmed, it would be another blow to Assad's regime, which has been struggling to put down rebel challenges around the country even though its firepower is far superior to the opposition's.

Rebels appear to be targeting air bases with increasing frequency.

Earlier in the day, the Observatory reported explosions inside the Abu Zuhour air base in Idlib, near where the plane was reported to have been shot down. It added that rebels have captured parts of the compound.

On Wednesday, state news agency SANA reported that government forces repulsed a major rebel attack on a helicopter military base of Taftanaz, also in Idlib province.

Idlib, which borders Turkey, has been one of the major rebel strongholds since last year. Although government troops control the provincial capital, which carries the same name as the province, rebels move freely in towns and villages in the district.

In Iran, Egyptian President Mohammed Morsi described the Syrian regime as "oppressive" and called for it to transfer power to a democratic system. He was speaking at the opening of a summit of the 120-member Nonaligned Movement in Tehran.

Morsi's comments angered the Syrian delegation, which walked out in protest, according to Syria's state-run media.

Syrian Foreign Minister Walid al-Moallem, who is also in Tehran, was quoted by the state-owned Al-Ikhbariya TV as saying: "Morsi's comments violated the traditions of the summit and are considered interference in Syrian internal affairs." He also accused Morsi of "instigating blood shedding in Syria."

Iran is Syria's closest ally in the Middle East.

Morsi is an Islamist from the Muslim Brotherhood, the most powerful political force to emerge from last year's uprising that ousted longtime authoritarian leader Hosni Mubarak. The Sunni fundamentalist group opposes Shiite Iran's staunch backing of the Syrian regime and its lethal crackdown on the largely Sunni opposition. Assad belongs to the minority Alawite sect, an offshoot of Shiite Islam.

Assad, speaking in a rare TV interview broadcast on Wednesday, said his armed forces will need time to defeat the rebels ? an acknowledgement of the difficulties the military is facing in winning the civil war.

A member of Syria's main opposition group said his comments aimed to explain his security forces' failure in putting down the rebellion. British-based opposition activist Ausama Monajed, who is a member of the Syrian National Council, said in a telephone interview that Assad's statements tried to "justify the failure of the security solution."

"He is trying to boost the morale of his supporters. He is trying to justify the failure of the military solution that has been going on for months," Monajed said. "His comments were addressed to his constituency."

Activists estimate more than 20,000 people have been killed since the uprising against Assad's began more than 17 months ago.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-08-30-Syria/id-892a748fc18e4b9f8dc8751ecd9c8527

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Wednesday, August 29, 2012

Israeli court rejects US activist's family lawsuit

Cindy, center, and Craig Corrie, right, the parents of Rachel Corrie, a pro-Palestinian activist who was killed by an Israeli bulldozer in Gaza in 2003, sit together with their daughter Sarah, during an interview with the Associated Press in Jerusalem, Sunday, Aug. 26, 2012. Almost a decade after their daughter was crushed to death by an Israeli army bulldozer as she tried to block its path in a Gaza Strip war zone, Rachel Corrie's parents are bracing for the judge's ruling in their high-profile civil lawsuit against the military. (AP Photo/Sebastian Scheiner)

Cindy, center, and Craig Corrie, right, the parents of Rachel Corrie, a pro-Palestinian activist who was killed by an Israeli bulldozer in Gaza in 2003, sit together with their daughter Sarah, during an interview with the Associated Press in Jerusalem, Sunday, Aug. 26, 2012. Almost a decade after their daughter was crushed to death by an Israeli army bulldozer as she tried to block its path in a Gaza Strip war zone, Rachel Corrie's parents are bracing for the judge's ruling in their high-profile civil lawsuit against the military. (AP Photo/Sebastian Scheiner)

Cindy, center right, and Craig Corrie, center, the parents of Rachel Corrie, a pro-Palestinian activist who was killed by an Israeli bulldozer in Gaza in 2003, sit together with their daughter Sarah, center left, in the court room just before the district court's ruling in Haifa, Israel,Tuesday, Aug. 28, 2012. An Israeli court on Monday rejected a lawsuit brought against the military by the parents of a U.S. activist crushed to death by an army bulldozer during a 2003 demonstration, ruling the army was not at fault for her death. The bulldozer driver has said he didn't see 23-year-old Rachel Corrie, who was trying to block the vehicle's path during a demonstration in the Gaza Strip against the military's demolition of Palestinian homes. The military deemed her March 2003 death to be accidental, but Corrie's parents were not satisfied by the army investigation and filed a civil lawsuit two years later. (AP Photo/Ariel Schalit)

Cindy, right, and Craig Corrie, center, the parents of Rachel Corrie, a pro-Palestinian activist who was killed by an Israeli bulldozer in Gaza in 2003, sit together with their daughter Sarah in the court room just before the district court's ruling in Haifa, Israel, Tuesday, Aug. 28, 2012. An Israeli court on Monday rejected a lawsuit brought against the military by the parents of a U.S. activist crushed to death by an army bulldozer during a 2003 demonstration, ruling the army was not at fault for her death. The bulldozer driver has said he didn't see 23-year-old Rachel Corrie, who was trying to block the vehicle's path during a demonstration in the Gaza Strip against the military's demolition of Palestinian homes. The military deemed her March 2003 death to be accidental, but Corrie's parents were not satisfied by the army investigation and filed a civil lawsuit two years later. (AP Photo/Ariel Schalit)

Cindy, right, and Craig Corrie, the parents of Rachel Corrie, a pro-Palestinian activist who was killed by an Israeli bulldozer in Gaza in 2003, stand together with their daughter Sarah after the district court's ruling in Haifa, Israel, Tuesday, Aug. 28, 2012. An Israeli court on Monday rejected a lawsuit brought against the military by the parents of a U.S. activist crushed to death by an army bulldozer during a 2003 demonstration, ruling the army was not at fault for her death. The bulldozer driver has said he didn't see 23-year-old Rachel Corrie, who was trying to block the vehicle's path during a demonstration in the Gaza Strip against the military's demolition of Palestinian homes. The military deemed her March 2003 death to be accidental, but Corrie's parents were not satisfied by the army investigation and filed a civil lawsuit two years later. (AP Photo/Ariel Schalit)

(AP) ? An Israeli court on Tuesday cleared the military of wrongdoing in the death of a young American activist who was crushed by an Israeli bulldozer during a protest in the Gaza Strip nearly a decade ago, rejecting claims by her parents that the driver acted recklessly.

The verdict came after a seven-year legal battle waged by the family of Rachel Corrie, whose death remains a powerful symbol on both sides of the Israeli-Palestinian conflict.

For pro-Palestinian activists, Corrie has become a rallying cry and vivid image of what they say is Israel's harsh repression of the Palestinians. In Israel, she is viewed as a tragic, manipulated figure who naively put herself into harm's way in a fit of idealism.

The family said it was considering an appeal to the Israeli Supreme Court but wanted to examine the full verdict before deciding.

Corrie, who was 23, was crushed to death in March 2003 as she tried to block an Israeli military bulldozer in the southern Gaza town of Rafah. The incident occurred at the height of a Palestinian uprising, a time of heavy fighting between the military and Palestinian militants.

Corrie's parents filed their civil suit two years later after an internal army investigation ruled the death an accident and said the bulldozer driver and other military personnel in the area acted properly. Corrie's supporters have said the investigation was poorly handled and the driver acted recklessly, perhaps even intentionally running her over.

In Tuesday's verdict, Judge Oded Gershon backed the military's version of events. Corrie "put herself in a dangerous situation," calling her death "the result of an accident she brought upon herself." He also said the military investigation was handled properly.

In Washington, the U.S. administration called Corrie's death "tragic."

"We understand the family's disappointment with the outcome of the trial," said State Department spokeswoman Victoria Nuland. She declined to say whether the U.S. shared that feeling.

Corrie's family, from Olympia, Wash., appeared devastated by the verdict.

"We are, of course, deeply saddened and deeply troubled by what we heard today," said her mother, Cindy, 64, a homemaker and musician. "The state has worked extremely hard to make sure the full truth about my daughter is not exposed, and those responsible for killing her are not accountable."

Her husband, Craig, 65, held the microphone for his wife, whose voice wavered as she read a letter written by her daughter to a Palestinian friend before her death.

"Life is very difficult. Human beings can be kind, brave and strong, even in the most difficult of circumstances," the letter said. "Thank you for existing, for showing how good people can be, despite great hardship."

The family sought a symbolic $1 judgment, in addition to the $200,000 they say they have spent on legal expenses over the years.

The trial stretched over 15 hearings and heard testimony from 23 witnesses. None was more important than the driver, who has never been publicly identified. The family's hopes of confronting him face to face were dashed when the man was permitted to testify from behind a curtain.

The driver has always said he did not see Corrie, and the military investigation ruled the death accidental. He was operating a heavily armored bulldozer with small slits for vision, protection against Palestinian explosives and firebombs.

Prosecutors also argued the young woman knowingly entered a closed military zone and area of violent conflict.

Corrie belonged to the pro-Palestinian International Solidarity Movement, whose activists enter conflict zones and try to interfere with activities of Israel's military in the West Bank and Gaza, territories the Palestinians claim for their state.

Several members have been killed or maimed in confrontations with the military, which accuses them of behaving recklessly in dangerous, chaotic situations, often in areas where civilians were barred.

Friends who were with her have said they believed the Caterpillar D9 bulldozer they were blocking was about to demolish the nearby home of a Palestinian family that Corrie was living with at the time.

The Israeli army had been undertaking systematic house demotions in the densely populated, violent area along the Egyptian border. It said the homes were used for cover by militants to attack soldiers and Jewish settlers.

The demolitions left some 17,000 Palestinians homeless, according to U.N. reports. The policy of razing homes sparked international condemnation at the time.

Israel pulled out of Gaza in 2005, and Palestinians took control. Since then, Gaza militants have fired thousands of rockets at Israel, triggering cross-border raids and a three-week war in 2008.

The judge said soldiers had moved their bulldozers several times to avoid the activists, but the young woman ultimately ended up in "a dead zone" where the driver could not see her.

An activist who was with her, Tom Dale, said in an emailed statement that Corrie "could not have been more visible: standing, on a clear day, in the open ground, wearing a high visibility vest."

The Corries have been more cautious, saying they believe the driver saw their daughter but stopping short of calling the death intentional.

The state prosecutor's office said three different investigations were conducted into Corrie's death, all concluding that the driver could not see Corrie.

"The death of Rachel Corrie is without a doubt a tragic accident," the prosecution said in a statement. "The driver of the bulldozer and his commander had a very limited field of vision, such that they had no possibility of seeing Ms. Corrie and thus are exonerated of any blame for negligence."

The Corrie case was the first civil lawsuit over a foreigner harmed by the military to end in a verdict after a full trial.

Several documentaries have been made about her life and death, along with a play performed in Britain and the U.S. A book of her writing was published, and in 2010, a group of international activists who tried to break Israel's blockade of the Gaza Strip sailed on a ship called the "Rachel Corrie."

The Corries said they have found it particularly difficult to see their daughter reduced to what they believe is a caricature of a reckless activist.

Craig Corrie said his daughter was simply trying to do the right thing when she defended the home.

"How could she not?" he said. "She knew that family. She slept on the floor of the parent's bedroom. They talk in court as if it's crazy. I think it's brave."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-08-28-Israel-Slain%20Activist/id-f8831e806f7b4f0aa72c84c7fd0cf18e

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Tuesday, August 28, 2012

FM to meet tax officials today: What's on the agenda? | Firstpost

New Delhi: With an aim to bring in clarity and ?non-adversarial? tax administration, Finance Minister P Chidambaram will meet senior officials of the Central Board of
Excise and Customs (CBEC) here today.

At the conference of the Chief Commissioners and Directors General of Customs, Central Excise and Service Tax, Chidambaram will also discuss ? a fair mechanism for dispute
resolution,? according to a Finance Ministry statement.

Chidambaram?s first meeting with the top CBEC officials since he took charge in the Finance Ministry, comes in the backdrop of contraction in the industrial growth amid slowdown
in economy.

PTI

The industrial output showed contraction at 0.1 percent in the April-June quarter of the current fiscal against a growth of of 6.9 percent in the same period last year . ?? The slowdown is showing its impact on the revenue collection of the government which is facing a fiscal
pressure.

Against the annual growth target of 27 per cent, indirect tax ? customs, excise and service tax ? collections during the first four months of this fiscal rose by 22 per cent. The Budget for the fiscal 2012-13 had set a target of indirect tax collection at Rs 5.05 lakh crore. In the
April-July period, the collection stood at Rs 1.45 lakh crore.

In his first public statement after taking charge of the finance portfolio on August 1, Chidambaram had assured investors ?clarity in tax laws, a stable tax regime, a non-adversarial tax administration and a fair mechanism for dispute resolution?.

The investors responded well to his statement as is evident from the foreign institutional investors pumping in over Rs 6,700 crore in the equity market this month so far.

PTI

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Source: http://www.firstpost.com/economy/fm-to-meet-tax-officials-today-whats-on-the-agenda-432835.html

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Tiffany expects pressure on profit to ease; shares up

(Reuters) - Tiffany & Co cut its sales and earnings forecasts on Monday for the second straight quarter, citing a tough global economy and muted expectations for the holiday season, but the prospect of improving profit margins later in the year comforted investors.

Shares of the jeweler rose 7 percent to $62.62 on its expectations that pressure on margins from gold and diamond costs are at last easing this quarter. Tiffany said gross margin should start to rise again in the holiday quarter, its biggest of the year by far.

"It's the light at the end of the tunnel," Morningstar analyst Paul Swinand told Reuters.

Still, Tiffany is more exposed than other U.S. luxury names to a slowing of China's torrid economic growth, a pullback in Europe and a damping of higher-end jewelry sales at home.

Tiffany reduced its global net sales growth forecast by 1 percentage point to range of 6 percent to 7 percent for the year ending in January.

The company's growth was bound to be more modest than the 30 percent pace of a year earlier. Monday's forecast reduction, which follows one in May, came in large part because Tiffany now assumes sales growth during the holidays will be slower.

Tiffany lowered its full-year profit outlook to between $3.55 and $3.70 a share from $3.70 to $3.80, coming in line with Wall Street expectations of $3.64.

Despite the cautious forecasts, Tiffany is proceeding with the expansion plans that have supported its fast growth in recent years. The chain said it now expected to open 28 stores by the end of the year, including locations in Toronto and Manhattan's SoHo neighborhood, up from the 24 initially planned.

The stock trades at about 16 times future earnings, below shares of some fellow luxury goods makers with heavy exposure to Europe and Asia. While U.S. handbag maker Coach Inc trades at 14.5 times future earnings, multiples are 20.3 for Ralph Lauren Corp and 18 for French luxury conglomerate LVMH.

TOURISTS STILL SPENDING

Global sales at Tiffany rose 1.6 percent to $886.6 million in the second quarter ended on July 31.

Sales at stores open at least a year fell 1 percent, excluding the impact of currency fluctuations. Same-store sales dropped 5 percent in the Americas. They also declined 5 percent in the Asia Pacific region that includes China, which has been the fastest-growing market for Western luxury brands.

Sales in Europe only got a boost because of exchange rates favorable to Tiffany and because vacationing Asian tourists went shopping.

Sales at the chain's famous Fifth Avenue flagship store, a favorite of the millions of international tourists in New York, fell 9 percent. That location generates almost 10 percent of revenue.

Despite widespread fears that tourists would hold back when vacationing in the United States, the company said the drop in U.S. sales was entirely due to lower spending by locals. Last week, Signet Jewelers Ltd reported a modest 2.4 percent rise in same-store sales at its pricier Jared chain.

Tiffany said it had earned $91.8 million, or 72 cents per share, for the quarter, up from $90 million, or 69 cents per share, a year earlier.

The results missed Wall Street estimates by a penny a share. Analysts had been expecting a smaller profit because of rising precious metal costs.

(Reporting by Phil Wahba in New York; Editing by Lisa Von Ahn)

Source: http://news.yahoo.com/tiffany-co-lowers-sales-profit-views-111606579--sector.html

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