Wednesday, 30 October 2013

Psychic scammers find fertile haunting ground in Internet age

Pre-halloween, occult scammers go virtual. PHOTO: FILE
GETTYSBURG: As pre-Halloween witches and ghouls sprout up on US lawns, experts are warning people to be wary of modern occult scammers who have moved online to hawk virtual voodoo dolls, revenge spells and otherwise “haunted” items.
While the idea of spending money for a magic spell – to help with an endeavor or to inflict pain on an enemy – has been around for centuries, experts say the anonymity of online transactions can encourage people who would otherwise never think of visiting a storefront psychic to fall for a con.
“It’s a new twist on an old idea,” said Nicholas Little, legal director of the Center for Inquiry, a Washington-based nonprofit that promotes secular and rational thinking. “It’s easy to hide your identity on the Internet, so people are willing to try scams online that they would never be willing to try in person.”
While most scammers offer items in the small-dollar range – selling allegedly haunted items on auction sites for under $10 – some go for large sums of money. A Manhattan woman running a fortune-telling business earlier this month was found guilty of conning two women out of $138,000, claiming that the funds would be used to solve problems related to their past lives.
Alexandra Holzer Gargiulo, daughter of paranormal researcher and author, Hans Holzer, is publishing a 50th anniversary edition of her father’s book “Ghost Hunter.” She said paranormal scams prey on people who are “desperate for answers.”
Television shows that depict investigators using gadgets such as electro-magnetic field detectors to document evidence of paranormal activity have driven up demand for those items, Gargiulo said. She added that the shows have also sparked growth in the number of self-proclaimed paranormal investigators, who charge homeowners as much as $1,500 to rid their homes of spirits.
The law relating to such activities is not always definitive, Little said, noting that fortune-tellers and others who offer occult services often use a “for entertainment purposes only” disclaimer to prevent legal problems.
Even as people who sell occult services move online, some continue to run storefronts, offering psychic readings for a small fee and trying to talk customers into paying more to resolve problems.
One New York woman who recently fell victim to such a scam was Maya Battle.
“It was a bad time for me and I was unhappy about a lot of things,” said Battle. “Before, I had visited a psychic for a $5 reading for fun, but had never invested a lot of money for a reading.”
But one day, while waiting for a friend outside a bar, Battle was approached by a doorway psychic, who told her she was the target of an evil curse.
She persuaded Battle to pay $100 to remove the curse. The psychic used an egg in the ritual, touching it against her forehead, shoulders and heart.
At the end of the ceremony, the psychic instructed Battle to break the egg, which appeared to be half-cooked and filled with black seeds, she said.
“That flipped me out,” said Battle.
She said the psychic told her the seeds were the physical embodiment of the curse, and persuaded her to spend another $500 to have the egg properly disposed of.
Battle said she paid the money, but later regretted her decision. She did some research on the Internet and discovered she had fallen prey to a commonly used scam.

Five reasons why Lionel Messi should consider Chelsea switch

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5: To prove he doesn't need Xavi & Iniesta

Whilst it's true that the pair can probably provide better support than any other duo in the world, it's wrong to suggest that Messi would be nothing without them.

A move to Chelsea, where Messi would no doubt have to alter his game slightly from the tiki-taka system that has become synonymous with Barca, would provide definitive evidence that the Argentina international can be just as good when charged with building attacks without the pass-masters Iniesta and Xavi.


4: He could get- wait for it- EVEN BETTER

Amongst the muscle of the Premier League Messi could develop the physical side to his game, as well as perhaps learning a few things about how to win games when the possession isn't religiously 90% in your team's favour.

A change of surroundings, a completely different style of football, and Messi playing weekly against sides that will provide genuinely tough opposition...


3: Jose Mourinho

Mourinho is an expert at getting the very best out of his players, and he certainly wouldn't have any room for Messi's rumoured ego, which apparently wins the day more often than not at Barcelona.

The world's best coach with the world's best player?

If it's possible to make Messi any better than he already is, the Special One is undoubtedly the man to make it possible, and he's a figure you can bet on when it comes to helping the Barca star adapt to the rigours of the Premier League.


2: He's won everything at Barca

A move to Chelsea would offer him the chance to compete in different tournaments- particularly the Premier League title, which is considerably more coveted than the La Liga crown.

There isn't anything left to do in Spain that he hasn't already done and if he has the ambition to look back on his career when it's finished and boast that he won things in multiple countries, Chelsea is the next logical step.

1: To cement his legacy

For a multitude of reasons, Messi moving to the Premier League and setting it alight would put beyond question the theory that he is the most gifted footballer of all time.

Whether it's the fact that he would be competing in a harder division, his decision to challenge himself to break his own limits or the undeniable truth that he would be given the opportunity to completely boss the two hardest leagues in world football, Messi moving to Chelsea would leave the naysayers and doubters with nothing to argue.

Top five: Revitalised Premier League stars

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List of players that looked like their careers were over, but managed to claw their way back to the top.

5. Gareth Bale

Bale was nearly shown the exit door at White Hart Lane after initially struggling to make an impact.

Tottenham were ready to part with the winger with Nottingham Forest and Birmingham touted as potential destinations.

As many will remember, he went on to win the PFA Player of the Year and the Young Player of the Year award for the 2012/13 season.


4. Daniel Sturridge

After initially struggling to get in to Manchester City's star-studded line-up, Daniel Sturridge opted to move to Chelsea. He again struggled to get in to the team and a lack of playing time and was lucky to get the chance to sign for Liverpool.

Since his move he has scored a wholly impressive 18 goals in 20 Premier League starts and currently tops to scoring charts with eight goals.


3. Aaron Ramsey

Aaron Ramsey's struggle to reach his massive potential can be blamed on the horrific injury he suffered at the hands of Ryan Shawcross.

Before the leg break, young Welshman had been making waves for the Gunners and had broken in to the first team at the tender age of 18.

After spending many months out, Ramsey returned and looked a shadow of his former self.


2. Michael Carrick

With the massive price tage of £18m luring over his head and fans hoping for the next Roy Keane, the simple, unglamorous play from Carrick went unnoticed.

As a defensive midfielder, Carrick has gone about his duty in the United midfield making over 200 Premier League appearances and picking up five winner's medals.

It was only last season that his contribution was truly recognised for a PFA Player of the Year nomination.


1. Fernando Torres

The infamous £50m price tag has hung on the shoulder of Fernando Torres ever since he moved to Chelsea.

Such was the weight of the added pressure, the Spanish international failed to produce his best at Stamford Bridge.

But Jose Mourinho has proved why he is the Special One once again by revitalising Torres.

Against Manchester City, Torres missed an absolute sitter on par with the famous miss at Old Trafford.

The old Torres would have cut a dejected figure for the rest of the game but the new Torres fed off the anger of missing the chance and inspired Chelsea to a 2-1 win.

Not only did he create the first goal with a great run but he drew a mistake for the second and capitalised.

It’s Showtime for your movie Appetite

Reza Khan has gifted cinema-lovers with an app worth installing. PHOTOS: PUBLICITY
ISLAMABAD: 
With cinema having surfaced as a popular pastime in Pakistan, the bid to secure the best seats in the best of cinema halls is becoming ragingly difficult. Standing in a long queue for hours only to find out that the show of one’s choice is sold out is a disappointment bar none!
Understanding the plight of movie enthusiasts of the country, Reza Khan, a 33-year-old entrepreneur from Islamabad, has developed and launched a movie listing smartphone application (app). Showtimes is Pakistan’s first smartphone app that lists the movie screening schedules of cinemas from across the country. With the help of a software developer, Khan created the app for Apple iOS-users and other Android smartphones. And it’s free! The app, which was launched on September 21 this year, has crossed over 5,000 downloads. With more than 8,500 screen views a day, the app is an absolute hit with movie fans. Out of 155 reviews, 125 rated the app with five stars.
Khan, who is passionate about movies himself, acknowledges the lack of fluidity in information dissemination at cinema halls. “Information about movie timings on cinema websites, Facebook pages, newspapers and that given on their helpline was always contradictory,” Khan said. To counter this problem and the inconvenience it causes moviegoers, Khan created an app that allows people to reserve seats in a cinema of their choice by simply downloading it on their phones.
Showtimes offers IMBD ratings, movie genres, discount coupons, directions to movie theatres and ticket ordering services. “If you are a movie-lover, you will love this app,” said Noman Qureshi, who has been using the app.
With a 4.6 average rating, the app shows the movie schedules of 19 cinemas of Islamabad, Lahore, Karachi, Faisalabad, Gujranwala and Rawalpindi. Khan stated that movie-fanatics in Islamabad and Rawalpindi have an edge right now over those in other cities; the latest feature of the app allows residents of the twin cities to not only book tickets but also get them delivered to their homes within 45 minutes of the confirmation of their seats. Khan has incorporated the cash on delivery service into his venture, which allows customers to make payments when they receive their tickets. “This has saved the time of many people, who had no choice, but to stand in long queues and hope that they get seats of their choice for a movie,” he said. “This facility will soon be provided for other cities,” he added.
It is fitting to see local entrepreneurs developing world-class softwares that our making people’s lives easier. With rampant growth of the information technology industry, Pakistan today is the ninth-largest mobile phone-using country in the world. With 120 million mobile users in the country, Chairman of the Punjab IT Board Umar Saif told The Express Tribunethat Pakistan was amongst the top 20 app-making countries in the world. Kudos to Khan for his invaluable contribution to the Pakistani IT industry!
Know your IT industry
In Pakistan today, 30% to 40% of the software development workforce is working on mobile apps. Overall, the country banks on a software export of $2 billion, out of which $700 million is generated by freelancer

Monday, 28 October 2013

Violin that played as Titanic sank sells for $1.5 million

The violin that belonged to Titanic bandmaster Wallace Hartley is seen on display at the Titanic Centre in Belfast. PHOTO: REUTERS
LONDON: A violin that was being played as the Titanic went down was sold for 900,000 pounds at auction on Saturday, a record price for memorabilia from the doomed ocean liner.
Band leader Wallace Hartley played the instrument, trying to calm passengers as the ship slipped into the frozen waters of the North Atlantic in April 1912 after colliding with an iceberg during its maiden voyage from Southampton to New York.
Hartley’s band played the hymn “Nearer, My God, To Thee” as passengers climbed into lifeboats. Hartley and his seven fellow band members all died after choosing to play on. More than 1,500 people died.
When Hartley’s body was recovered more than 10 days after the disaster, the violin was found in a leather case strapped to him, according to the folklore that has grown up around the event.
It was given back to Hartley’s fiancée Maria Robinson in England, and, after she died in 1939, it was donated to her local Salvation Army band and later passed on, eventually to the current owner, whose identity has not been disclosed.
A silver plate on the German-made violin is engraved “For WALLACE on the occasion of our ENGAGEMENT from MARIA”.
On sale with its case initialed W H H, the violin had a guide price of 300,000 pounds, Chrissie Aldridge, of auctioneers Henry Aldridge and Son, said.
“It is a record,” she told Reuters after the sale. Asked who had purchased the violin, she would only say: “A British collector.”
Rediscovered in 2006, it took specialists such as forensic science experts years to authenticate the instrument.
However some people still doubt whether the violin is genuine, believing it could not have survived being submerged in sea water.
The auction house said it had attracted interest from collectors all over the world. More than 300,000 people viewed it during a three-month exhibition in the United States.

A lack of brainpower

The rupee is depreciating far too much for comfort, and the reserves, at $4.1 billion, are at dangerously low levels, all because the government decided to enter into an International Monetary Fund programme without having a clear agenda. PHOTO: CREATIVE COMMONS
What is happening right now to Pakistan’s foreign exchange reserves and currency exchange rates is what happens when a country decides to outsource its economic management to global financial institutions rather than building up its own analytical capacity. The rupee is depreciating far too much for comfort, and the reserves, at $4.1 billion, are at dangerously low levels, all because the government decided to enter into an International Monetary Fund programme without having a clear agenda of what it wants to achieve with such a bailout.
The real culprit in this whole mess is the finance ministry bureaucracy, which has a habit of taking powers away from institutions that speak uncomfortable truths to them. The Planning Commission was the first to get the boot. The State Bank of Pakistan held its own for quite some time but was ultimately tamed by the State Bank Act of 2010. As several economists have pointed out, it is astonishing to find foreign exchange reserves dwindling at a time when the government has agreed to an IMF bailout. Was it not the whole point of getting the bailout to shore up the reserves? If the government is feckless enough not to even secure the release of the first tranche before matters got this bad, then is it even reasonable to hope that it will be able to undertake the many other tough but necessary reforms that it has agreed to implement?
The previous government left Pakistan’s financial credibility in tatters and it was always going to be an uphill task to repair it. When it came in, the Nawaz Administration should have come in with a clearer idea of what was realistically achievable within a short time frame. The drawdown on reserves is not a mystery: it happens at a predictable rate. The government should have known how much time it had before they would need the first tranche. That lack of foresight is now going to cost the economy.

Heady days: Cement industry enjoying boom for three years

Profits of most cement companies are expected to remain intact in the current financial year. DESIGN: JAHANZAIB HAQUE
KARACHI: 
The cement industry of Pakistan has seen heady days over the last three years, becoming one of the best performing sectors on the Karachi Stock Exchange (KSE) – the country’s biggest bourse that gave handsome returns of 52% in the last financial year.
The industry put in strong performance after both internal and external factors turned positive, leading to an increase in margins of most of the cement companies running in the country.
Among global factors, a continuous decline in prices of imported coal – the main ingredient and a source of fuel in cement manufacturing constituting 50-60% of the production cost – has given a boost to cement companies and slashed cost for all players – small and big, most efficient and least efficient.
International coal prices have plunged to $75 per ton from $145 per ton in June 2010, down 48%. In the first 10 months of the current calendar year alone, coal prices have come down a significant 18% to $75 per ton because of weak global demand.
The demand fell in the wake of economic slowdown in emerging economies, especially China and India, both of which are huge coal importers, which dented world appetite for coal. Now importers, especially emerging economies, are purchasing coal on their terms, keeping prices low compared to 2010 and 2011 when better demand kept prices at higher levels.
Since almost all cement companies in Pakistan import coal to meet energy needs, their cost of production has gone down considerably. Moreover, lower coal prices also pushed higher earnings of these companies across the board in fiscal year 2012-13.
Mid-tier cement companies made the most of the price crash since they were relatively less energy-efficient, JS Global, a research and brokerage house, said in a recent report.
These companies announced strongest earnings in 2012-13. Maple Leaf, Pioneer Cement and Fecto Cement, which are at the bottom among energy-efficient companies, reported extraordinary year-on-year earnings growth of 550%, 155% and 68% respectively.
Rise in cement prices
Apart from the favourable international scenario, the industry also got some support from the domestic market. This led to a gradual decline in the cost of production and it came at a time when the industry was regaining its lost ground in terms of prices.
Cement prices, which had touched a high of Rs400 per 50kg bag in September 2008, dropped to as low as Rs250 per bag in September 2009. Later in March 2011, prices reached the psychological mark of Rs400 per bag following a gap of two and a half years, which saw cement manufacturers lock in a price war that hit their profits.
Today, cement companies are selling their products in the range of Rs470 to Rs500 per bag, up 79% in three years compared to Rs280 to Rs300 in June 2010 – one of the primary reasons for the gradual but sharp rise in cement industry’s profits in the period.
Performance on KSE
Cement was the second best performing sector on the Karachi Stock Exchange with astoundingly high returns of 74% in financial year 2012-13, just behind textiles, which gave 81% returns.
This performance is way better than the 52% average returns given by the benchmark KSE 100-share index during the year.
Among leading cement stocks that gave handsome returns were Lucky Cement – the largest and one of the most efficient cement manufacturers in Pakistan with over 18% market share – which grew 80.87% in 2012-13. Similarly, the stock price of DG Khan Cement, another leading company, recorded a sharp increase of 111%.
Lucky Cement Chief Executive Muhammad Ali Tabba, while talking to The Express Tribunerecently, said profits of most of the cement companies were expected to remain intact in the current financial year because of strong fundamentals on which the industry stood today. He expected the industry to repeat the growth story this year as well as it did a year earlier.