Archive for July, 2018

Dreams Do Come True for Philippines Business Owners/Buyers with Sunbelt Philippines

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Eastwood City, Metro Manila, Philippines, July 28, 2017 /PressReleasePing/ – Azhar (Bill) Khan, President of Sunbelt Business Brokers Philippines,

Recently we spoke with Azhar (Bill) Khan, President of Sunbelt Business Brokerage, which is the largest business brokerage firm in Philippines and the world having sold more businesses over the past 30 years than any other company.

Sunbelt Business Brokerage Philippines is starting its operations officially in Eastwood City, August 2017.

Mr. Khan and I agreed for this interview that he be referred within as Bill.

In careful analysis, Bill decided to start Sunbelt Business Brokerage in Philippines since it was difficult for buyers to buy an existing/operating business for overseas (OFWs), foreigners and even local residents due to (a) no set systematic approach of specialization in this area. Current laws in the Philippines have made it very complicated for a new buyer to have full independence professional guidance to make sure that they are fully protected from all possible areas which may not be openly disclosed by and between the sellers or buyers.

Bill who has lived in over 25 countries, managed or owned various types of business operations from small franchises to large public companies, some even trading on US Stock Exchanges, brings his unique experience to both buyers and sellers to make sure the process goes smoothly.

To add further to Bills extensive resume, he has substantial experience within Philippines over the past 7 years in operating, managing new startups to successful operating business operations from Call Centers, Information Technology Development Companies, Commercial Real Estate, International Trading to Night Club Operations.

The acquisition of Sunbelt Business Brokerage, Philippines will provides business owners of commercial operations from as small as 2 million, up to 50 Billion pesos adequate comfort to know they are dealing with company who can guide them in a professional manner from beginning, to ongoing, to even re-selling at a later time. Transactions will be completed in a very confidential way not to affect current operations, staff or suppliers, who may get worried knowing that the business could change hands with little time notice. Overall these processes are carefully monitored in a manner not to affect ongoing business operations.

Sunbelt is by far the largest business brokerage firm in the world with a network of over 300 offices worldwide, it provides existing base of potential buyers for their business which enables Sunbelt Philippines to select qualified buyers that can meet the goals of the seller in the way the future business is operated.

In addition to Bill, Sunbelt Philippines has a very strong team of seasoned current & former business owners in Philippines & overseas with specialization in various industries. At Sunbelt all transactions are approved by the companys highly experienced legal team, independent accountants and bank escrow companies for distribution of funds, in addition validating all documents with various agencies as to their authenticity.

Currently there is a major demand from OFWs wanting to return to their home country in Philippines and to operate their own business as the Philippines economy continues to grow and the standard of living continues to improve countrywide. With incentives in place, we expect Sunbelt to play a major role in providing avenues for OFWs to return and acquire obtainable businesses base on their individual financial needs within the scope of businesses they seek.

In addition, Philippines been one of the fastest growing economies of the world with population of over 130 million, we have lots of foreign investors looking to move away from western countries to settle down in the country with better weather and life style than their own countries, providing them longer happier life.

In my interview with Bill, we embarked on a question and answer session that extremely informative, not only to me, but hopefully for those reading this article now.

-Julie: Sunbelt Philippines corporate office in Eastwood City has started operations with a very professional team of former business/current owners as Professional Business Brokers to provide a very unique experience for both buyers and sellers.

Why buying or selling a business is important and how does the business brokerage compare between USA and Philippines?

-Bill: In our lifetime, we will make many major purchases and buying or selling a house is likely one of the biggest. While most home buyers and sellers know precisely what they are looking for: from the number of bedrooms, to the size of the property, to the listing price purchasing or selling an entire business is unique, presents a number of challenges, and requires specialized expertise to ensure both business sellers and buyers receive the greatest value for their Pesos or dollars.

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Buying or selling a business from Automobile Dealerships, Casinos, Night Clubs, Gas stations, Hotels, IT Companies, Resorts, Private Islands, Mining, Oil & Gas Companies, Various franchise brands, Online Internet companies and more is about much more than numbers. By sitting down with owners who have put their heart, soul, time and money into their business, Sunbelt discusses all aspects of valuation in detail.

These include location of the business, processing systems, age of staff, market positioning, where customers come from, age of equipment, risk, and more. The numbers dont tell the whole story, and I dont trust other peoples valuations. Even if the business owner had a valuation, we insist on re-doing it. Only in this way, can he come up with an accurate, objective value for the entire business, and go to market with pricing and strategy that reflects true worth.

Many business owners are not only professionally invested in their companies, but have worked to build them up for decades in some cases, and have developed a personal attachment to their work. Unlike someone who works for another company and retires at sixty-five, the average business owner sells at seventy-one years of age, and has literally invested their life into their work.

Selling a business can be complex. You need to be a psychologist, a financial analyst, a great salesperson, and more. By the time we finish a deal, not only did we deal with the financials, the valuation, funding the transaction, educating the buyer and the seller, but we have also had to deal with the seller who has a tough time letting go. There were many strong emotional attachments and part of the issue with some sellers even after they have received full payment is that some still find themselves unhappy since they did not realize that the business was no longer be part of their life. Therefore, we also have to educate business sellers to start planning for life after the sale, as some can become a disruption to the new owners of the business since they mentally did not prepare themselves that we will be able to finalize sale of their business that quickly.

Furthermore, it is very important for business sellers to gather all the required documents necessary for sale. Since we have a qualified buyers and they do not want to review the business fully it makes major financial commitments along with time unless all legal documents of the business are in proper legal order. Otherwise, we are unable to present the business to our buyers with full confidence with missing documents, since this can delay a sale for finalization by months, as time is money for the buyers. Further, we only work on an exclusive listing basis and not waste time of the seller or buyer.

Entrusted with helping business owners find the right buyer, Sunbelt maintains professionalism and the utmost discretion throughout the entire process of packaging a company for sale. Working confidentially, Sunbelt does not disclose the name of any business for sale to anyone, unless the prospect buyer already signed a non-disclosure agreement.

Taking the process seriously, the highly trained team at Sunbelt will ask potential buyers for their net worth, aspirations, passions, skills and more to match them with a business that is the right fit.

For Philippines owners, selling a business through anyone else can be risky for a number of reasons. Some less than reputable organizations or individuals value a business at two to three times its actual worth, with the result that the business never sells.

Ultimately, the goal of a successful business owner is not to keep working into old age, but to retire, spend time with family, and transition their companies, processes, staff and systems to new ownership. Currently large number of business owners of Philippines children who have grown up, graduated from college are pursuing different professional careers rather than join family business as this has also created situations for current owners to sell the business as we see many companies contacting us with this situation.

For anyone interested in selling or buying a business in Philippines, Sunbelts highly trained team is available to make this process as smooth as possible. Realizing that many who come to Sunbelt are first-time buyers, company staff will help educate them and guide them step-by-step through locating, valuing, financing, and purchasing a privately held business that is right for their needs.

Undergoing extensive training, many Sunbelt brokers are themselves former business owners, well-educated, almost all of them with first-hand experience. Most of our business brokers already been successful in their own businesses, and they do it because it is fun and exciting in making peoples dreams and goals come true.

Further we have a major advantage with qualified buyers in Philippines and worldwide with our own personal contacts. Further Sunbelts over 300 offices worldwide provides a unique base of fully qualified buyers.

The business brokerage is much tougher in Philippines than in the US because in the United States, the average transaction is 80% owner financed and in only about 20% of transactions, the owner has to put down cash. In Philippines, almost 100% of the transactions have to be paid in cash.

To help potential buyers, we now have Banks available willing to loan funds on operating business operations with at least a 3-year history along with some collateral from the buyer.

-Julie: Are most of your customers foreigners in terms of business brokerage?

-Bill: 40% foreign, 60% Philippines.

-Julie: Obviously you work with many foreigners doing business here in Philippines. Which industries are profitable and who is doing well?

-Bill: F&B, (Food & Beverage) and tourism related businesses have always and will always be strong in Philippines. Recent trends also include consulting services, technology, hotels, resorts, franchises & website platform development. Anything that has to do with software development. Consultants have also done well in IT as there are a lot of foreigners in this industry.

As we get ready to start operations based on word of mouth only, we have had substantial interest in business owners from various parts of the country to have their business listed with Sunbelt Philippines. Currently we are reviewing them to see if they will be good prospects for our buyers in Philippines and on Global basis.

Few of the current business operations, we are in final stages of review for approving them to be listed with Sunbelt Business Brokers Philippines range from Automobile Dealerships, Private Island, Commercial Beach front locations, Hotels, Major commercial Bank, Malls, Night Clubs, KTV Bars, Call Centers, Major Fast food Franchise brands , IT Companies among others.

-Julie: Are there any industries where the opposite may be true, where foreigners seem to struggle, not do so well, or face issues that make running a business difficult.

-Bill: Real estate brokerage has been a very tough industry. Many of them are showing losses. Food and beverage can be challenging, but if it is done properly, you can be very successful. We see Remax Real Estate Brokerage firm, Worlds Largest with over 20 franchised offices in Philippines making a major impact with the way, real estate is sold and bought in Philippines. Previously developers had only their own team as now that is starting to change with Remax Philippines.

In Metro Manila, mostly the developers have been very successful with excellent projects with ongoing growth expanding to other areas of the country with the current government limiting more development permits in Metro manila area so growth can take place in other areas of Philippines. Further infrastructure projects are going to be very big for the country as population expands. Will see more highways, railroads, airports around the country growing at a fast pace.

Many locally developed franchises have done well and have asked us to review for them expanding to other countries of the world where there is a large base of OFWs to have name recognition.

We are seeing major growth in the provinces of the country with over $25 Billion dollars annually coming back to Philippines from remittances.

Now lots of OFWs and Expats want to return to Philippines and invest wisely to have their own business operations, rather than just sending money back home to relatives or friends to invest for them, which most of the time has turned out not good.

-Julie: What are the problems businesses face here? What about Mafia interests?

-Bill: In most developing countries, there are some form of under the table demands of business owners. However, Philippines is moving in a positive direction to provide a fair avenue for business owners to be able to operate their business in a professional manner as current government is putting new rules in place by increasing government workers salaries so there is less demand for them to make money from business owners.

We never had to pay anything under the table or be involved in anything like that nor been approached.

I think you must also not think that doing business is going to be easier in Philippines than in your own country. If anything, it is going to be tougher because in your own country if you have questions about anything, you can just pick up the phone and ask the authorities or whoever knows the answer.

In Philippines, you do not have business associations who can help so pretty much you have to start everything from scratch and you have to work harder. Moreover, if you do not understand that you are going to be frustrated to the point that you think there is no way you are going to be successful in Philippines. In addition, I think what makes us successful, is our ability to identify niche markets or demand. We chose to be in this business.

Also, as in any foreign country there is always going to be an initial culture shock that you need to overcome. With patience, and perseverance you have a good mixture of coping with problems in Philippines. Once you put the time and hard work into something to get it running smoothly then running a business is not that much different to anywhere else?

-Julie: How is the local staff compared to foreign expats?

-Bill: We have been very fortunate, as our local staff has been excellent. This may have been due to our positive outlook in treating all with respect regardless of their position & providing ongoing development, training along with clear path for growing within the company by acquiring new skills for advancement. In addition, the English language in Philippines, good educational system provides a solid base for selection, as most are very good with customer service. This has enabled the country to export talent to all over the world. Further majority of the workers are now from Philippines in the Middle East due to their good customer service and attitude towards learning and improving.

-Julie: What’s the story with foreign ownership of a business in Philippines, in simple terms? Can we, as foreigners, own a business here or does it have to be majority Philippines citizens?

-Bill: Well we deal a lot with foreigners that own a business 100%. Per local laws, it depends on the type of industry as to the percentage amount a foreigner can own.

-Julie: Many people start a business simply as a way to keep busy while in Philippines. Do you think this is a good idea?

-Bill: Many people get into business not just for the money. It might be because of pride of ownership, they want freedom or maybe they just wanted something to do. There have been many surveys around the world about why people own a business. Many might be surprised to know that making money can be number 5 or 6, depending which survey you read. Many think it would be number one.

People have different reasons. If making money were not your primary goal, I would not say that these businesses are a failure. As you know many people who have done well in business here but on the other hand there are others who have not done so well. Owning a business can have a high degree of risk. We require any prospective buyer to sign this to get additional information. Business certainly is not for everyone. But for some they will find excellent opportunities in Philippines.

Julie: How has the business environment changed in Philippines over the several years you’ve been operating here?

Bill: Current administration has many ongoing proposals, which implemented to make business ownership or starting a new business easier. This current administration is making huge strides in this area so they can soon compete with countries such as, Singapore, Hong Kong, Malaysia, where it is possible to open a business within a few days.

-Julie: If you could give a few pieces of key advice to Westerners doing business in Philippines, what would they be?

-Bill: Be patient, be diligent and follow up, never assume anything no matter how many times you have told someone to do it before. Even if they have done it, right 5 or 6 times, time number 7 you still need to follow up! Things should done on how you wanted it.

Make sure you set up your company structure properly to protect your interests.

If you would not do it in your home country, do not do it here. The money you save by taking shortcuts in the beginning are eclipse by what you lose in the end. Follow local laws, rules and show the necessary respect to all.

I will give you some advice that does not matter if you are in Philippines or in US. Many times I have asked business owners why they were successful, many of them said that they put themselves in the customer’s eyes and did what they would have wanted if they were on the other side as the customer.

They had the passion. The passion is what is going to get you through the ups and downs. We have been lucky in business but hard work and passion has helped. If you enjoy what you’re doing, you have to have that passion and the commitment.

-Julie: What are your plans for the future?

-Bill: Currently as Chairman of Guillys Night Club, Guillys located in Tomas Morato, QC, Philippines is a 12 years old operating club, one of the most ongoing successful clubs in the country as its full 7 days a week. Most clubs go out of business after 2/3 years of operation. Guillys di

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NASA launches satellites to study northern lights

Posted by: in Uncategorized
5
Jul

Saturday, February 17, 2007

A Delta II rocket blasted off from NASA’s Cape Canaveral launch pad today, carrying five satellites designed to investigate the northern lights and the electromagnetic storms that cause them. The launch had been twice delayed due to bad weather, but was eventually performed at 23:00 UTC.

NASA and the Canadian Space Agency have collectively invested $200 million in the mission, known as the THEMIS Project. Through this mission, they hope to develop better techniques to forecast electromagnetic storms, in order to protect communication satellites, power grids, and spacewalking astronauts. Scientists from the University of Alberta and the University of Calgary also helped with the project.

The Sun continuously sends a stream of charged particles, called the solar wind, at the Earth. We are generally protected from the solar wind by the Earth’s magnetosphere. During substorms, however, the magnetosphere gets overloaded by the solar wind and the magnetic field lines stretch until they eventually snap back, energizing and flinging electrically charged particles towards Earth.

Scientists want to find out what snaps in the overloaded magnetosphere to trigger a substorm.

Saturday, August 13, 2005

The Transport and General Worker’s Union and Gate Gourmet, the company that laid off 500 workers after workers staged unofficial strike action, will attend further talks held at a conciliation service by the Advisory Conciliation and Arbitration Service (ACAS) on Saturday.

The director of Gate Gourmet, Richard Wells, denied that he was being “heavy-handed” over the dismissals. He insisted that the people affected were spoken to, and given written warnings before they were sacked.

As a result of British Airways (BA) staff at Heathrow joining Gate Gourmet’s staff in the strike action, BA are running 50% of their short-haul flights, and 40% of their long haul flights today from 0600 BST/UTC+1. They are expecting to add more flights to the schedule as the day progresses, so passengers are advised to check the British Airways website.

Analysts said that the disruption may lose BA next to £40m because of the refunds that the company are paying out, loss of flight revenue, and the costs of accommodating passengers in nearby hotels.

Only passengers with confirmed reservations have been allowed to board flights at Heathrow. Barriers have been placed around Terminal 4 to stop people without reservations from joining flights. There are limited catering services on-board the flights.

British Airways advises passengers to telephone +44 (0)800 727 800 or check their website before travelling to the airport. They also said that they would refund customers that had to stay in a hotel on Friday night up to £100.

It is noted by passengers, though, that the advice line can be engaged for long periods, so users of the telephone line need to be patient.

Qantas, Finnair, GB Airways, Sri Lankan Airlines, and British Mediterranean are also affected, as they were serviced by BA’s ground staff. Their telephone numbers are listed below.

  • Qantas: +44 (0)870 000 0123
  • Sri Lankan Airlines: +44 (0)208 538 2000
  • Finnair: +44 (0)8705 997711
  • GB Airways: +44 (0)870 850 9850
  • British Mediterranean Airlines: +44 (0)870 850 9850

Thursday, March 15, 2012

A third call for boycott and second boycott hit the German online travel agency Hotel Reservation Service (HRS) this week. After a recent boycott against HRS in Münsterland, a boycott in Bremerhaven was next and is soon to be followed by the next round in Bremerhaven starting in the middle of March.

Hotels in the city of Bremerhaven already have to pay a new “bed tax” to the state of Bremen of 2.14 euro per person per night, whilst HRS is trying to increase their commission payments for its service from thirteen to fifteen percent. Further criticism of HRS focused on a preferential treatment clause that denied hotels the right to offer better prices through any other booking channel. The European umbrella organization of the catering facilities HOTREC had already criticized this type of clause and similar contract clauses in May 2011 in a position paper.

Piet Rothe, hotel owner and second chairman of the German Hotel and Restaurant Association (DEHOGA) Bremerhaven, explained that in his hotels the boycott hat not decreased bookings, merely shifted their volume to other channels such as, for instance, booking.com, who would only ask for twelve percent commission.

Rüdiger Magowsky, manager of the boarding house in Jaich, confirmed the observation that the volume of bookings had not decreased.Martin Seiffert, manager of the hotel Haverkamp, explained HRS had denied his hotel access to the system because he participated in the boycott. The access has been restored but he is considering participation in the next round of the boycott anyway.

On February 15 the higher regional court of Düsseldorf had ordered HRS in a preliminary injunction not to enforce its preferential treatment clause. Already on February 10 the German Federal Cartel Office had admonished the company for violating §§ 1 and 20 of the German Act against Restraints of Competition.

Meanwhile Markus Luthe, the CEO of the German International Hotel Association (IHA), recommended establishing a “Hotelwiki” as a yellow pages directory of the hotel industry.

Saturday, April 23, 2005

Texas Senate Bill 6 requires foster agencies to inquire of adopting couples their sexual preference. This bill has caused distress to many, especially among the gay and lesbian community. Representative Robert Talton claims that compared with children raised by a heterosexual couple, those in same-sex households are much more likely to become homosexual.

Talton has also stated that sexual orientation is a choice for the parents:”If they choose to be homosexual or lesbian, that’s their choice when they turn 18,” he says, regarding the same-sex couples.

Under the bill he proposes, couples who answer ‘same-sex’ or ‘bi-sexual’ on the questionnaire, would not be allowed to adopt or foster children. Children fostered currently to same-sex households would be removed from their foster-parent’s care.

“Some of us believe they would be better off in orphanages than in a homosexual or bisexual households because that’s a learned behavior,” the Republican congressman said.

There are reportedly thousands of children in same-sex households in Texas who would be removed, if this bill is passed.

“It’s very traumatic to remove a child from a stable home,” said Colin Cunliff, field director for the Lesbian/Gay Rights Lobby of Texas. “It’s the whole reason they’re in the foster system, because their prior home wasn’t stable. You’re adding to the instability.”

According to a 2002 report by the American Academy of Pediatrics, children with homosexual parents have the “same advantages and the same expectations for health, adjustment and development as children whose parents are heterosexual.”

A similar law passed in Arkansas was ruled unconstitutional in December.

Sunday, November 9, 2008

Voters in California, Florida and Arizona voted on Tuesday to ban gay marriage, bringing about a victory for conservatives on a day which did not bring many conservative wins.

Meanwhile, voters in Colorado, South Dakota and California voted on measures which would have restricted abortion in those states. In Massachusetts and Michigan, voters passed measures that loosen marijuana laws. Finally, in the state of Washington a measure was passed that allows physician-assisted suicide.

The California ballot measure, Proposition 8, overturns the recent June ruling by the California State Supreme Court in the case In re Marriage Cases which reversed a 1977 statute passed by the California State Legislature and a 2000 ballot measure, Proposition 22, which also banned same-sex marriage by defining marriage as between a man and a woman. The wording of Proposition 8 is identical to Proposition 22. It was noted that many of the African-Americans and Latinos who cast their votes for Obama, also voted for the measure. The measure passed at 52% to 48%.

Lesbian comedian Ellen DeGeneres noted, “This morning, when it was clear that Proposition 8 had passed in California, I can’t explain the feeling I had. I was saddened beyond belief. Here we just had a giant step toward equality and then on the very next day, we took a giant step away.”

Okay, so I am taking that to mean I do not have to pay my state taxes because I am not a full citizen.

Singer Melissa Etheridge, who is also a lesbian, stated that she would no longer pay taxes due to the passing of Proposition 8, announcing in a blog post, “Okay, so I am taking that to mean I do not have to pay my state taxes because I am not a full citizen.”

Also in California, voters rejected a measure which would require parental notification for a minor to receive an abortion. The measure was rejected with the same percentage as Proposition 8, 52% to 48%. Meanwhile in Colorado, voters rejected a measure that would define life as beginning at conception. While the measure did not specifically mention abortion it would have required legislators and courts to confront legal rights for fetuses – effectively preventing abortion. The measure was defeated in a wide margin, 73% to 27%

In South Dakota, voters also defeated an anti-abortion measure which would have outlawed abortion in all cases except in the case of rape, incest or if the mother’s health was in serious question. If passed, the law would most likely have been challenged as unconstitutional.

In Michigan, voters approved a measure which legalizes medical marijuana. Meanwhile, in Massachusetts, voters approved a ballot question that decriminalizes possession of small amounts of marijuana in which the possession of an ounce or less would be punishable by a $100 fine. The measure will also require minors under the age 18 to participate in and complete a drug awareness program and do community service. Failure to do so, would net the minor a $1,000 fine.

“Tonight’s results represent a sea change. Voters have spectacularly rejected eight years of the most intense government war on marijuana since the days of ‘Reefer Madness,'” said Rob Kampia, executive director of the Marijuana Policy Project. “The people were ahead of the politicians on this issue; they recognize and want a more sensible approach to our marijuana policy,” said Whitney Taylor, the chair of Committee for Sensible Marijuana Policy, which backed the Massachusetts proposition.

Also, in Massachusetts, voters overwhelmingly, in every single Massachusetts city and town, rejected a ballot measure which would have eliminated the state income tax by 2010, the ballot measure was sponsored by the Committee for Small Government, which is headed up by two libertarians, Michael Cloud, a Libertarian Party candidate for U.S. Senate in 2002 and Carla Howell, Libertarian Party candidate for governor in the 2002 Massachusetts gubernatorial election.

The last time the income tax elimination measure was on the ballot was in 2002, where it was defeated, narrowly by 45.3%. This stunned supporters of the income tax, who mounted a fierce campaign against the measure this time warning Massachusetts residents that repealing the income tax would have drastic effects on the state’s finances, leading to cuts in services, education and local aid.

Finally, voters passed a question which bans dog racing in Massachusetts, which will lead to the closure of Massachusetts’ two greyhound racing tracks, Raynham-Taunton Greyhound Park and Wonderland Greyhound Park.

The campaign against dog racing was headed up by the Committee to Protect Dogs and endorsed by GREY2K USA and the American Society for the Prevention of Cruelty to Animals along with other animal protection organizations who claimed that dog racing was inhumane as the dogs were stuffed into cramped cages and endured injuries. The measure was opposed by the park owners including George Carney who owns the Rayham-Taunton park and Charles Sarkis, a restaurateur who owns Wonderland.

“We did it. We did it for the dogs,” said Carey Thiel, executive director of GREY2K USA. “For 75 years, greyhounds in our state have endured terrible confinement and suffered serious injuries. We’re better than that,” Thiel added.

One campaign supporter, Sandy Bigelow noted, “It means everything. We’ve worked so hard for the dogs and they heard us. It feels so good. Oh, God, it feels so good.”

George Carney said of the results, “It’s not a very pleasant thing right now. Some of these people have been here 40 years. Here’s a company that did nothing wrong, paid their federal taxes on time, paid the town on time. The town is going to be a severe loser, and a lot of people here dedicated their life to the company.”

We did it. We did it for the dogs.

Both sides used emotionally-charged advertisements, the anti-racing side showing “sad-eyed greyhounds,” while the pro-racing side highlighted the workers who would be out of work when the tracks close.

Both measures must now come before the Massachusetts Governor’s Council for approval.

A ballot initiative approved by voters in the north-western state of Washington will make it the second state to permit physician-assisted suicide. Initiative 1000 follows the ten-year-old example of the Death With Dignity Act of neighboring Oregon, and will allow physicians to prescribe a lethal dose of medication for a terminally ill patient to administer themselves. It was approved by a margin of 16%, and the ‘Yes’ campaign outspent the ‘No’ campaign by more than three-to-one. The law comes into effect in 2009.

Wednesday, February 4, 2009

A new historic physics record has been set by scientists for exceedingly small writing, opening a new door to computing‘s future. Stanford University physicists have claimed to have written the letters “SU” at sub-atomic size.

Graduate students Christopher Moon, Laila Mattos, Brian Foster and Gabriel Zeltzer, under the direction of assistant professor of physics Hari Manoharan, have produced the world’s smallest lettering, which is approximately 1.5 nanometres tall, using a molecular projector, called Scanning Tunneling Microscope (STM) to push individual carbon monoxide molecules on a copper or silver sheet surface, based on interference of electron energy states.

A nanometre (Greek: ?????, nanos, dwarf; ?????, metr?, count) is a unit of length in the metric system, equal to one billionth of a metre (i.e., 10-9 m or one millionth of a millimetre), and also equals ten Ångström, an internationally recognized non-SI unit of length. It is often associated with the field of nanotechnology.

“We miniaturised their size so drastically that we ended up with the smallest writing in history,” said Manoharan. “S” and “U,” the two letters in honor of their employer have been reduced so tiny in nanoimprint that if used to print out 32 volumes of an Encyclopedia, 2,000 times, the contents would easily fit on a pinhead.

In the world of downsizing, nanoscribes Manoharan and Moon have proven that information, if reduced in size smaller than an atom, can be stored in more compact form than previously thought. In computing jargon, small sizing results to greater speed and better computer data storage.

“Writing really small has a long history. We wondered: What are the limits? How far can you go? Because materials are made of atoms, it was always believed that if you continue scaling down, you’d end up at that fundamental limit. You’d hit a wall,” said Manoharan.

In writing the letters, the Stanford team utilized an electron‘s unique feature of “pinball table for electrons” — its ability to bounce between different quantum states. In the vibration-proof basement lab of Stanford’s Varian Physics Building, the physicists used a Scanning tunneling microscope in encoding the “S” and “U” within the patterns formed by the electron’s activity, called wave function, arranging carbon monoxide molecules in a very specific pattern on a copper or silver sheet surface.

“Imagine [the copper as] a very shallow pool of water into which we put some rocks [the carbon monoxide molecules]. The water waves scatter and interfere off the rocks, making well defined standing wave patterns,” Manoharan noted. If the “rocks” are placed just right, then the shapes of the waves will form any letters in the alphabet, the researchers said. They used the quantum properties of electrons, rather than photons, as their source of illumination.

According to the study, the atoms were ordered in a circular fashion, with a hole in the middle. A flow of electrons was thereafter fired at the copper support, which resulted into a ripple effect in between the existing atoms. These were pushed aside, and a holographic projection of the letters “SU” became visible in the space between them. “What we did is show that the atom is not the limit — that you can go below that,” Manoharan said.

“It’s difficult to properly express the size of their stacked S and U, but the equivalent would be 0.3 nanometres. This is sufficiently small that you could copy out the Encyclopaedia Britannica on the head of a pin not just once, but thousands of times over,” Manoharan and his nanohologram collaborator Christopher Moon explained.

The team has also shown the salient features of the holographic principle, a property of quantum gravity theories which resolves the black hole information paradox within string theory. They stacked “S” and the “U” – two layers, or pages, of information — within the hologram.

The team stressed their discovery was concentrating electrons in space, in essence, a wire, hoping such a structure could be used to wire together a super-fast quantum computer in the future. In essence, “these electron patterns can act as holograms, that pack information into subatomic spaces, which could one day lead to unlimited information storage,” the study states.

The “Conclusion” of the Stanford article goes as follows:

According to theory, a quantum state can encode any amount of information (at zero temperature), requiring only sufficiently high bandwidth and time in which to read it out. In practice, only recently has progress been made towards encoding several bits into the shapes of bosonic single-photon wave functions, which has applications in quantum key distribution. We have experimentally demonstrated that 35 bits can be permanently encoded into a time-independent fermionic state, and that two such states can be simultaneously prepared in the same area of space. We have simulated hundreds of stacked pairs of random 7 times 5-pixel arrays as well as various ideas for pathological bit patterns, and in every case the information was theoretically encodable. In all experimental attempts, extending down to the subatomic regime, the encoding was successful and the data were retrieved at 100% fidelity. We believe the limitations on bit size are approxlambda/4, but surprisingly the information density can be significantly boosted by using higher-energy electrons and stacking multiple pages holographically. Determining the full theoretical and practical limits of this technique—the trade-offs between information content (the number of pages and bits per page), contrast (the number of measurements required per bit to overcome noise), and the number of atoms in the hologram—will involve further work.Quantum holographic encoding in a two-dimensional electron gas, Christopher R. Moon, Laila S. Mattos, Brian K. Foster, Gabriel Zeltzer & Hari C. Manoharan

The team is not the first to design or print small letters, as attempts have been made since as early as 1960. In December 1959, Nobel Prize-winning physicist Richard Feynman, who delivered his now-legendary lecture entitled “There’s Plenty of Room at the Bottom,” promised new opportunities for those who “thought small.”

Feynman was an American physicist known for the path integral formulation of quantum mechanics, the theory of quantum electrodynamics and the physics of the superfluidity of supercooled liquid helium, as well as work in particle physics (he proposed the parton model).

Feynman offered two challenges at the annual meeting of the American Physical Society, held that year in Caltech, offering a $1000 prize to the first person to solve each of them. Both challenges involved nanotechnology, and the first prize was won by William McLellan, who solved the first. The first problem required someone to build a working electric motor that would fit inside a cube 1/64 inches on each side. McLellan achieved this feat by November 1960 with his 250-microgram 2000-rpm motor consisting of 13 separate parts.

In 1985, the prize for the second challenge was claimed by Stanford Tom Newman, who, working with electrical engineering professor Fabian Pease, used electron lithography. He wrote or engraved the first page of Charles Dickens’ A Tale of Two Cities, at the required scale, on the head of a pin, with a beam of electrons. The main problem he had before he could claim the prize was finding the text after he had written it; the head of the pin was a huge empty space compared with the text inscribed on it. Such small print could only be read with an electron microscope.

In 1989, however, Stanford lost its record, when Donald Eigler and Erhard Schweizer, scientists at IBM’s Almaden Research Center in San Jose were the first to position or manipulate 35 individual atoms of xenon one at a time to form the letters I, B and M using a STM. The atoms were pushed on the surface of the nickel to create letters 5nm tall.

In 1991, Japanese researchers managed to chisel 1.5 nm-tall characters onto a molybdenum disulphide crystal, using the same STM method. Hitachi, at that time, set the record for the smallest microscopic calligraphy ever designed. The Stanford effort failed to surpass the feat, but it, however, introduced a novel technique. Having equaled Hitachi’s record, the Stanford team went a step further. They used a holographic variation on the IBM technique, for instead of fixing the letters onto a support, the new method created them holographically.

In the scientific breakthrough, the Stanford team has now claimed they have written the smallest letters ever – assembled from subatomic-sized bits as small as 0.3 nanometers, or roughly one third of a billionth of a meter. The new super-mini letters created are 40 times smaller than the original effort and more than four times smaller than the IBM initials, states the paper Quantum holographic encoding in a two-dimensional electron gas, published online in the journal Nature Nanotechnology. The new sub-atomic size letters are around a third of the size of the atomic ones created by Eigler and Schweizer at IBM.

A subatomic particle is an elementary or composite particle smaller than an atom. Particle physics and nuclear physics are concerned with the study of these particles, their interactions, and non-atomic matter. Subatomic particles include the atomic constituents electrons, protons, and neutrons. Protons and neutrons are composite particles, consisting of quarks.

“Everyone can look around and see the growing amount of information we deal with on a daily basis. All that knowledge is out there. For society to move forward, we need a better way to process it, and store it more densely,” Manoharan said. “Although these projections are stable — they’ll last as long as none of the carbon dioxide molecules move — this technique is unlikely to revolutionize storage, as it’s currently a bit too challenging to determine and create the appropriate pattern of molecules to create a desired hologram,” the authors cautioned. Nevertheless, they suggest that “the practical limits of both the technique and the data density it enables merit further research.”

In 2000, it was Hari Manoharan, Christopher Lutz and Donald Eigler who first experimentally observed quantum mirage at the IBM Almaden Research Center in San Jose, California. In physics, a quantum mirage is a peculiar result in quantum chaos. Their study in a paper published in Nature, states they demonstrated that the Kondo resonance signature of a magnetic adatom located at one focus of an elliptically shaped quantum corral could be projected to, and made large at the other focus of the corral.

KKE: Interview with the Greek Communist Party

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4
Jul

Thursday, May 13, 2010

Wikinews reporter Iain Macdonald has performed an interview with Dr Isabella Margara, a London-based member of the Communist Party of Greece (KKE). In the interview Margara sets out the communist response to current events in Greece as well as discussing the viability of a communist economy for the nation. She also hit back at Petros Tzomakas, a member of another Greek far-left party which criticised KKE in a previous interview.

The interview comes amid tensions in cash-strapped Greece, where the government is introducing controversial austerity measures to try to ease the nation’s debt-problem. An international rescue package has been prepared by European Union member states and the International Monetary Fund – should Greece require a bailout; protests have been held against government attempts to manage the economic situation.

Annan invites Iraqis to exercise democratic rights

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4
Jul

Saturday, January 29, 2005With just days to go before Sunday’s historic poll to choose a new government in Iraq, UN Secretary General Kofi Annan has invited the people of Iraq to exercise their democratic rights.

The poll, the first free elections in a generation, faces disruption from insurgents who are totally opposed to democracy. Annan warned them not to interfere and promised continuing help from the UN for the country in the future.

Annan made his appeal in a pre-recorded message, broadcast on TV inside Iraq. “Elections are the best way to determine any country’s future; please exercise your democratic rights on Sunday,” he said. “Whatever your feelings about how the country reached this point, this election offers an opportunity to move away from violence and uncertainty toward peace and representative government.”

The UN has been providing advice and technical help to the Independent Electoral Commission of Iraq (IECI), as well as $100m funding for the poll and co-ordination of international assistance. A team of 40 experts has overseen the delivery of three million tonnes of election materials and helped the IECI and Iraqi officials prepare and maintain the voters register.

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.