Plans in place to help SMEs reach productivity growth target

SINGAPORE: The government will announce several recommendations in the first half of next year to help small and medium enterprises (SMEs) achieve its long-term productivity growth target of two to three per cent over the next decade.

Minister of State for Trade and Industry Teo Ser Luck said the government will also work with the Singapore Business Federation (SBF) and SMEs to customise some of the proposals being rolled out.

He said: "I can understand that for some of the SMEs, it may be difficult to reach some of the productivity targets based on the nature of their business and the size of their businesses. That itself will pose some challenges for them. As such for the different sectors, we would have to work with them closely and see how best we can help them to achieve those targets. Also along the way, what can we do better with our schemes, so that they can tap on and effectively use them and achieve those targets."

He was responding to a call by SBF on Friday for a more realistic productivity growth target - one that is in line with Singapore's ageing workforce and slower manpower growth.

- CNA/xq

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How to Banish That New Year's Eve Hangover

For those of us who enjoy the occasional cocktail, the holiday season would be incomplete without certain treats of the liquid variety. Some look forward to the creamy charms of rum-laced eggnog; others anticipate cupfuls of high-octane punch or mugs of warm, spiced wine.

No matter what's in your glass, raising one as the year winds down is tradition. What could be more festive? The problem is, one drink leads to two, then the party gets going and a third is generously poured. Soon, the music fades and the morning arrives—and with it, the dreaded hangover. (Explore a human-body interactive.)

Whether it's a pounding headache, a queasy stomach, sweating, or just general misery, the damage has been done. So now it's time to remedy the situation. What's the quickest way to banish the pain? It depends who you ask.

Doctors typically recommend water for hydration and ibuprofen to reduce inflammation. Taking B vitamins is also good, according to anesthesiologist Jason Burke, because they help the body metabolize alcohol and produce energy.

Burke should know a thing or two about veisalgia, the medical term for hangover. At his Las Vegas clinic Hangover Heaven, Burke treats thousands of people suffering from the effects of drinking to excess with hydrating fluids and medications approved by the U.S. Food and Drug Administration.

"No two hangovers are the same," he said, adding that the unfavorable condition costs society billions of dollars-mostly from lost productivity and people taking sick days from work.

Hot Peppers for Hangovers?

So what's the advice from the nonmedical community? Suggestions range from greasy breakfasts to vanilla milkshakes to spending time in a steamy sauna. A friend insists hot peppers are the only way to combat a hangover's wrath. Another swears by the palliative effects of a bloody mary. In fact, many people just have another drink, following the old "hair of the dog that bit you" strategy.

Whether such "cures" actually get rid of a hangover is debatable, but one thing's for sure: the sorry state is universal. The only people immune to hangovers are the ones who avoid alcohol altogether.

So for those who do indulge, even if it's just once in awhile, see our interactive featuring cures from around the world (also above). As New Year's Eve looms with its attendant excuse to imbibe, perhaps it would be wise to stock your refrigerator with one of these antidotes. Pickled herring, anyone?

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Woman Charged With Murder in NYC Subway Push

A woman who allegedly told New York City police she pushed a man onto the subway tracks because she hated Hindus and Muslims has been charged with murder as a hate crime.

Erica Menendez, 31, allegedly told police that she "pushed a Muslim off the train tracks because I hate Hindus and Muslims ever since 2001 when they put down the twin towers I've been beating them up."

Menendez was taken into custody this morning after a two-day search, and when detectives were interviewing her she allegedly made the statements implicating herself in Thursday night's subway-platform death.

"The defendant is accused of committing what is every subway commuter's worst nightmare -- being suddenly and senselessly pushed into the path of an oncoming train," Queen District Attorney Richard A. Brown said. "The victim was allegedly shoved from behind and had no chance to defend himself. Beyond that, the hateful remarks allegedly made by the defendant and which precipitated the defendant's actions can never be tolerated by a civilized society."

Menendez was due to be arraigned this evening. She could face 25 years to life in prison if convicted of the second degree murder charge.

On Thursday night, a woman shoved a man from a subway platform at Queens Boulevard, and the man was crushed beneath an oncoming train. Police had searched the area for her after the incident.

New York City Subway Pusher Charged With Murder Watch Video

The victim was Sunando Sen, identified by several media outlets as a graphic designer and Indian immigrant who opened a print shop, Amsterdam Copy, on Manhattan's Upper West Side. Sen was struck by the No. 7 train after the unidentified woman allegedly pushed him from the northbound platform at 40th Street and Queens Boulevard at 8:04 p.m. on Thursday.

Witnesses told police they had seen the woman mubling to herself, pacing along the platform. She gave Sen little time to react, witnesses said.

"Witnesses said she was walking back and forth on the platform, talking to herself, before taking a seat alone on a wooden bench near the north end of the platform. When the train pulled into the station, the suspect rose from the bench and pushed the man, who was standing with his back to her, onto the tracks into the path of the train," NYPD Deputy Commissioner Paul J. Browne said earlier today. "The victim appeared not to notice her, according to witnesses."

READ: What to Do If You Fall on the Subway Tracks

Police released brief surveillance video of the woman fleeing the subway station, and described the suspect as a woman in her 20s, "heavy set, approximately 5'5" with brown or blond hair."

It was New York's second death of this kind in less than a month. On Dec. 3, 58-year-old Ki-Suck Han of Queens was shoved onto the tracks at New York's Times Square subway station. Two days later, police took 30-year-old Naeem Davis into custody.

On Friday, New York City Mayor Michael Bloomberg was asked whether the attack might be related to the increase of mentally ill people on the streets following closures of institutions over the past four decades.

"The courts or the law have changed and said, no, you can't do that unless they're a danger to society. Our laws protect you," Bloomberg said on his weekly radio show.

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Agreement within reach on ‘fiscal cliff’ deal, officials say

President Obama and Senate leaders were on the verge of an agreement Friday that would let taxes rise on the wealthiest households while protecting the vast majority of Americans from historic tax hikes set to hit in January.

The development marked a breakthrough after weeks of paralysis. After meeting with Obama at the White House, Senate Majority Leader Harry M. Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) said they would work through the weekend in hopes of drafting a “fiscal cliff” package they could present to their colleagues on Sunday afternoon.

As the Senate began haggling over critical details, the emerging deal faced an uncertain fate in the House, where Speaker John A. Boehner (R-Ohio) failed just one week ago to persuade his adamantly anti-tax caucus to let taxes rise even for millionaires.

Still, on Friday, Obama pronounced himself “modestly optimistic” at a brief news conference at the White House. The ordinarily dour McConnell said he was “hopeful and optimistic.” And Reid immediately began preparing Senate Democrats for what could be a difficult vote.

“Whatever we come up with is going to be imperfect. Some people aren’t going to like it. Some people will like it less,” Reid said on the Senate floor before dozens of silent and attentive senators from both parties. But “we’re going to do the best we can for . . . the country that’s waiting for us to make a decision.”

According to people briefed on the talks, the developing package would protect nearly 30 million taxpayers from paying the alternative minimum tax for the first time and keep unemployment benefits flowing to 2 million people who otherwise would be cut off in January.

The deal also would likely halt a steep cut in Medicare reimbursements set to hit doctors in January and preserve popular tax breaks for both businesses and individuals, such as those for research and college tuition.

But the two sides were still at odds over a crucial issue: how to define the wealthy. Obama has proposed letting tax rates rise on income over $250,000 a year. Senate Republicans have in recent days expressed interest in a compromise that would lift that threshold to $400,000 a year, an offer Obama made to Boehner before the speaker abruptly broke off negotiations last week.

In addition to its political appeal, the $400,000 threshold has practical benefits, Republican aides said: It would limit tax increases to the very top tax bracket rather than the top two brackets. And it would avoid a quirk of the tax code that would cause rates to rise more dramatically for those earning between $250,000 and $400,000 than for households with much larger incomes.

The two sides also had yet to agree on another politically sensitive issue: how to tax inherited estates. Republicans — and many Senate Democrats from states with large family farms — want to maintain the current tax structure, which exempts estates worth up to $5 million and taxes those above that level at 35 percent. Obama has proposed a $3.5 million exemption and a tax rate of 45 percent, a proposal that is far more acceptable to liberal Democrats.

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Obama calls for avoiding middle class tax hike

WASHINGTON: US President Barack Obama on Saturday urged Congress to protect the middle class from an income tax increase and lay the groundwork for future economic growth as Senate leaders began work to avoid a "fiscal cliff".

"We've got to do what it takes to protect the middle class, grow this economy, and move our country forward," Obama said in his weekly radio and Internet address.

"Leaders in Congress are working on a way to prevent this tax hike on the middle class, and I believe we may be able to reach an agreement that can pass both houses in time," he added.

The comments came after Obama met with top congressional leaders on Friday and said that Senate Democrats and Republicans would work overtime this weekend to try to head off a $500 billion time bomb of tax hikes and spending cuts, dubbed the "fiscal cliff", before a January 1 deadline.

The president, sensing a mandate from his re-election last month, wants to raise taxes on the rich but exempt the middle class. Republicans want only to close tax loopholes to raise revenue and demand significant spending cuts in return.

But if nothing is done by the deadline, all taxpayers will see an increase.

Following the White House talks, Democratic Senate Majority Leader Harry Reid and Republican Minority Leader Mitch McConnell will now head efforts to seek a deal before Tuesday.

But any agreement would also have to pass the House of Representatives, where there is doubt that any deal signed off by the Democratic president would win favor with restive conservatives in the Republican caucus.

According to The Washington Post, the deal -- a "stripped-down" version of earlier proposals dealing mainly with taxes -- was already within reach.

Citing unnamed people briefed on the talks, the newspaper said it would protect nearly 30 million taxpayers from paying the minimum tax for the first time and maintain unemployment benefits for two million people.

The plan also would halt a steep cut in Medicare reimbursements for doctors and preserve popular tax breaks for both businesses and individuals, such as those for research and college tuition, the report said.

But The Post said the two sides were still at odds over where to set the limits of wealthy -- at US$250,000 a year or US$400,000 a year -- and over taxes on inherited estates.

Nor was there agreement on spending cuts so dear to Republicans, the paper said. Hence a deal will not include either them or an agreement to raise the debt ceiling, setting up another fierce battle over the government's borrowing limit in the next two months, according to The Post.

Obama warned, however, that if an agreement was not reached in time, he would then ask the Senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for Americans looking for a job, and, as he put it, "lays the groundwork for future progress on more economic growth and deficit reduction."

He did not elaborate.

"I believe such a proposal could pass both houses with bipartisan majorities - as long as these leaders allow it to come to a vote," the president said. "If they still want to vote no, and let this tax hike hit the middle class, that's their prerogative -- but they should let everyone vote."

Meanwhile, in a weekly Republican address, US Senator Roy Blunt of Missouri, vice chairman of the Senate's Republican Conference, expressed some optimism Saturday, saying he believed that "going over the fiscal cliff is avoidable."

But he severely criticized the Democrats' plan to focus mainly on taxes while setting aside the issue of government spending, arguing that inaction on spending "shouldn't be an option".

"The president's proposal to raise taxes on the top two percent of Americans won't even pay one-third of the annual interest that's now owed on this massive US$16 trillion debt," Blunt said. "In fact, the president's tax hike would only fund the government for eight days. Americans deserve to know: What does the president propose we do for the other 357 days of the year?"

- AFP

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Gang-rape victim's fight will not go in vain: Sonia Gandhi

NEW DELHI: Promising swift and fitting punishment for the Delhi gang-rape accused, Congress president Sonia Gandhi on Saturday said the nation's "beloved daughter" will get justice and her fight will not go in vain.

"As a woman and mother, I understand how you feel. I appeal you to remain calm and help strengthen our collective resolve to fight the menace of violence against women," Gandhi, who is also the UPA chairperson, said in a televised address.

"Today all Indians feel as they have lost their own beloved daughter, their cherished sister, a young woman of 23 whose life full of hope, dream and promise was ahead of her. Our hearts go out to her parents, family, the whole country shares their pain," she said.

Appealing for peace and calm in wake of the tragic incident, Gandhi said, "Today we pledge that she will get justice and that her fight will not go in vain".

The Congress president said that the tragedy "strengthens our resolve to fight with all our might and with all the powers of our laws and our administration for the safety and protection of all women of our country and to ensure swift and fitting punishment for the perpetrators of such acts.

"It deepens our determination to battle the pervasive shameful social attitudes and mindsets that allow men to rape and molest women and girls with such impunity."

As people hit the streets expressing their outrage over the tragedy, Gandhi said "to all of you who have expressed their anger and anguish publicly, who have poured out in her support, I want to assure you that your voice has been heard.

Gandhi had yesterday sought speedy action against the perpetrators of the "barbarous" attack and had hoped the victim undergoing treatment in Singapore recovered.

Choosing to skip her customary New Year wishes on the sidelines of the 127th Foundation Day of Congress at AICC headquarters here yesterday, Gandhi had said,"..Not so today because our thoughts are with the young woman, who is fighting for her life after the barbarous attack".

She had added, "Our only wish today is that she recovers and comes back to us and that no time is lost in bringing the perpetrators of such a barbarous act to justice".

The Congress chief had earlier shot off strongly-worded letters to home minister Sushilkumar Shinde and Delhi chief minister Shiela Diskhit wanting firm steps for the security of women in the national capital, describing the incident as a "matter of shame".

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How to Banish That New Year's Eve Hangover

For those of us who enjoy the occasional cocktail, the holiday season would be incomplete without certain treats of the liquid variety. Some look forward to the creamy charms of rum-laced eggnog; others anticipate cupfuls of high-octane punch or mugs of warm, spiced wine.

No matter what's in your glass, raising one as the year winds down is tradition. What could be more festive? The problem is, one drink leads to two, then the party gets going and a third is generously poured. Soon, the music fades and the morning arrives—and with it, the dreaded hangover. (Explore a human-body interactive.)

Whether it's a pounding headache, a queasy stomach, sweating, or just general misery, the damage has been done. So now it's time to remedy the situation. What's the quickest way to banish the pain? It depends who you ask.

Doctors typically recommend water for hydration and ibuprofen to reduce inflammation. Taking B vitamins is also good, according to anesthesiologist Jason Burke, because they help the body metabolize alcohol and produce energy.

Burke should know a thing or two about veisalgia, the medical term for hangover. At his Las Vegas clinic Hangover Heaven, Burke treats thousands of people suffering from the effects of drinking to excess with hydrating fluids and medications approved by the U.S. Food and Drug Administration.

"No two hangovers are the same," he said, adding that the unfavorable condition costs society billions of dollars-mostly from lost productivity and people taking sick days from work.

Hot Peppers for Hangovers?

So what's the advice from the nonmedical community? Suggestions range from greasy breakfasts to vanilla milkshakes to spending time in a steamy sauna. A friend insists hot peppers are the only way to combat a hangover's wrath. Another swears by the palliative effects of a bloody mary. In fact, many people just have another drink, following the old "hair of the dog that bit you" strategy.

Whether such "cures" actually get rid of a hangover is debatable, but one thing's for sure: the sorry state is universal. The only people immune to hangovers are the ones who avoid alcohol altogether.

So for those who do indulge, even if it's just once in awhile, see our interactive featuring cures from around the world (also above). As New Year's Eve looms with its attendant excuse to imbibe, perhaps it would be wise to stock your refrigerator with one of these antidotes. Pickled herring, anyone?

Read More..

Obama Still Hopeful in Final Days Before 'Cliff'

Dec 29, 2012 6:00am

AP Photo/ Evan Vucci

Three days remain for Congress to pass a federal budget agreement that would avoid the so-called “fiscal cliff” and today President Obama said he believes the House and Senate leadership can squeak out a deal in time.

In his weekly address, released this morning, the president said allowing the package of perilous tax increases and budget cuts set to take effect in the New Year “would be the wrong thing to do for our economy.”

“Congress can prevent it from happening if they act now,” he said. “Leaders in Congress are working on a way to prevent this tax hike on the middle class, and I believe we may be able to reach an agreement that can pass both houses in time.”

The president was referring to Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., who were attempting to quickly fashion a deal that can pass both chambers of Congress. Although not mentioned specifically in the video, the two leaders and their House counterparts, Speaker John Boehner, R-Ohio, and Rep. Nancy Pelosi, D-Calif., met with the president and his staff at the White House Friday that left both parties’ leadership cautiously optimistic in public statements following the meeting.

INFOGRAPHIC: Fiscal Cliff: Why It Matters

Largely repeating remarks he made following the meeting, the president noted that should the last-minute wrangling fail he has asked Reid to deliver a basic proposal to the Senate floor for a simple up-or-down vote.

“We believe such a proposal could pass both houses with bipartisan majorities -as long as these leaders allow it to come to a vote.  If they still want to vote no and let this tax hike hit the middle class, that’s their prerogative – but they should let everyone vote.  That’s the way this is supposed to work,” he said. “We just can’t afford a politically self-inflicted wound to our economy.”

Reid’s backup legislation would reflect the Democrats’ side in this quagmire, demanding a tax boost for household incomes greater than $250,000 and an extension of unemployment benefits for roughly 2 million Americans that is set to expire without their reauthorization.

Fiscal Cliff: By The Numbers

“You meet your deadlines and your responsibilities every day,” Obama said. “The folks you sent here to serve should do the same.”

The president’s statement came a day before what could be a critical turning point in the “cliff” ordeal. On Sunday, the House of Representatives returns from holiday recess, the same day McConnell and Reid could offer up a hypothetical deal for a vote. Meanwhile, NBC’s “Meet the Press” will air a televised interview with Obama that morning.

SHOWS: Good Morning America World News

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"Sobering realities" in labour market in 2013: Tan Chuan-Jin

SINGAPORE: Singapore's Acting Manpower Minister Tan Chuan-Jin has pointed to some "sobering realities" to the labour market in his latest blog post.

Mr Tan said the overall labour market may become even tighter next year.

Thus, there will be more pressure on businesses to expand through product innovation and creating a more productive workforce.

Mr Tan said Singapore's strong growth in employment may at first glance sound good, but the country's productivity growth has been decreasing.

He explained that the rate of growth in employment level has exceeded the rate of GDP growth.

This means that with every additional worker employed, the economy became less productive on average.

It is only by improving productivity and moving up the value chain, he said, that will ensure a better skilled workforce and in turn wage increases.

Mr Tan said the government will continue to support the efforts of businesses.

For workers, there will be a review of Workfare, to ensure the initiative provides adequate encouragement for workers to upgrade and earn more.

He said: "At the same time, we want to focus our attention on Singaporeans who most require our help - the bottom 20 per cent of Singaporean workers, who are usually older as well. To do so, we will be reviewing the eligibility criteria for the two schemes. We will announce the Workfare review outcome in early 2013."

The Employment Act is also being reviewed to enhance basic employment standards for workers, while giving employers sufficient flexibility to manage their manpower resources.

"We are still seeking feedback from the public and we look forward to announcing the first phase of the recommendations in the first quarter of 2013," said Mr Tan.

- CNA/xq

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Girl shifted for medical reasons, not political: Govt

NEW DELHI: Shifting of the 23-year-old gang rape victim was "purely a medical decision" and there was no political interference in the matter, external affairs minister Salman Khurshid said on Friday.

He also said the government only helped in the logistics like providing passports for travel, hospitalisation and boarding and lodging of the family.

"The shifting was not done due to some political reasons. It was done for medical purposes. It was purely a medical decision take by the doctors," Khurshid said when asked about reports that Delhi chief minister Sheila Dikshit was instrumental in shifting of the rape victim.

He said, "I am also sure that the doctors would have explored other option like the US, UK or Germany before settling for Singapore. They must have looked at travel time to these destinations before finalising the hospital."

He also hoped that the determination and will power shown by the girl to come this far against all odds will continue and she will be fine.

The rape victim, who was under treatment here in Safdarjung hospital after being brutally gang-raped on December 16, was flown out on December 26 night to Singapore in an air ambulance for specialised treatment in Mount Elizabeth hospital, which has a state-of-the-art facility for multi-organ transplant.

Following the decision to shift her, passport and Singapore visa for the girl and some of her family members accompanying her in the air ambulance were expedited by the external affairs ministry and the Indian high commission in Singapore arranged for the victim to be received at the hospital there.

The minister also talked about the wide-spread protests against the gang rape saying it reflected the "deep-rooted concern" among the public and not anger so much.

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