"Star Lanka Online" Our NEW Web site And Web TV Channel Launched

TFGE , The Future Global Educational Center Has Launched
the official web site, called
*** Star Lanka Online Dot Com ........................

www.starlankaonline.com will be completed in very near future....

*** Star Lanka Online TV Channel,..................

Just One Click ahead ...

Now you can watch "Star Lanka Online TV" channel broadcasts from Matara, Sri Lanka in most part of the day. Still we are keeping a test transmission also. There is a link right side of your hand to watch our TV channel. You can watch (Click On the Box) live channel on this site without going to another site to watch the TV. and also recorded parts, following the below link.

Place your Own Ad Here

Showing posts with label The Future. Show all posts
Showing posts with label The Future. Show all posts

Saturday, May 31, 2008

Is the climate changing in Sri Lanka?

Is the climate changing in Sri Lanka?

By Dhanesh


Wisumperuma



www.Nation.lk-----------

Climate change is among the major issues discussed in today’s world. Though it was not a key topic a year ago, it grabbed the

world’s attention during the year 2007. The facts revealed by the fourth assessment report published during the last year changed the attitude of the people. Their own experience of the changes taking place all over the world also contributed towards this change. Climate change, its impacts, adaptation, mitigation and climate politics are among the favoured themes now.

In the Sri Lankan scenario, climate change will have an impact on a number of fields, which could eventually devastate the agriculture, economy, environment etc. Researches have repeatedly pointed out that tropical region will experience the worst impacts of the changing climate. Sri Lanka is an island surrounded by the Indian Ocean and this will expose us to the direct effects of climate change. Hence, a discussion of these potential impacts will provide an idea of the future challenges of the country.

Global warming resulting from the greenhouse effect is the key process for the climate change. In other words, temperature increase is the cause for the climate change. During 1850 and the period between 2001-2005, global average temperature has increased from about 0.76° C. Researches conducted in Sri Lanka have revealed that the average temperature is increasing in a number of areas of Sri Lanka. These include areas such as Nuwara Eliya, Anuradhapura, Maha Illuppallama, Hambantota and Angunakolapelessa. Interestingly, most of this research has shown there are other factors, which have an impact of the warming trend. It is predicted that the average increase of temperature during this century will be between 1.8–4.0 ° C.

A change in the rainfall pattern is evident in Sri Lanka. It has shown that rainfall is decreasing in some areas in general. Some researches have shown that there is an increase of rainfall in the wet zone of Sri Lanka and a decrease in the dry and intermediate zones. This will have an effect on a number of sectors such as the biodiversity, agriculture as well as to an increase of natural disasters. Further to that, global research has shown that climate change could be behind the unpredictable weather patterns. We too experienced untimely rains all over the island a few weeks ago, where the rains and flash floods hampered the harvesting of Maha paddy cultivation.

Sea level rise is among one of the widely spoken impacts of climate change. Global average sea level rise in the 20th century is 17 cm. It is predicted that the sea level could rise by about 18 to 59 cm within the 21st century. However, there is an argument that the real sea level rise could be more than that, as the melting ice in Greenland and other similar areas were not fully considered in the previous calculations. The extreme end of these predictions is a sea level rise of about 7 to 10 metres, but it is expected to take centuries or millennia to this increase. This melting will also depend on the success of the efforts to reduce green house gas emissions. Such a sea level rise will have devastating impacts on countries like Sri Lanka.

A World Bank working paper pointed in 2005 that, Sri Lanka would experience the highest impact of a 1-metre sea level rise in South Asia when we consider the impact on urban areas. Human dwellings, roads and rail tracks and also tourism infrastructure could be hit by the rising sea levels.

All above are some of the key issues related to the changing climate in Sri Lanka. It is important to find what would be the impact of above changes in other sectors. Rainfall fluctuations and increase of temperature could reduce the productivity of paddy and vegetable production. Research has shown that the rising temperatures could have an impact on the tea production in low country and also on coconut plantation. Early research based on climate models has predicted a shift of distribution of forest types, an increase of dry forests and a decrease in rain forests. The rising sea level could increase the sea erosion, which is already a serious issue and threaten coral reefs. This could threaten the unique mangrove ecosystems where the landward expansion is limited by the coastal developments such as shrimp farms, buildings and natural barriers. A rise in sea level could also result in a salinity increase on coastal soils and inland waters, which could threaten vegetation and specially the paddy cultivation in the coastal areas.

Where we are
Based on the impacts both already evident and predicted, it is obvious that we should take further action to research and also on adaptation measures for the impacts of climate change. Sri Lanka has signed both the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol, the two global efforts to combat climate change. Various parties have undertaken a number of researches of the impacts of climate change as well as adaptation measures since early 1990s. The outcome of these studies support some of the above-mentioned impacts.

However, there is a need to increase the researches carried out on climate change and its impact of the country. There are some sectors where less research is conducted and where further studies are required for better clarifications. According to our observations, it appears that there are very few research studies related on climate change undertaken at present. In fact, there were very few research papers related to climate change presented in recent research symposiums in Sri Lanka.

However, it seems that the country has taken steps in the correct direction recently. We saw that the challenge of climate change was highlighted by the President of the country in international meetings and also by the Minister of Environment and Natural Resources. The most recent initiative, the launch of the Climate Change Secretariat (CCS) and the Sri Lanka Carbon Fund appears to be a step forward, though it was to be done years before.

According to the available information, the secretariat is designated to function as the institutional mechanism tasked with responding to climate change, including the development of relevant policies and programmes. It will be the repository of all climate change related information. It is important to note that the Secretariat will be the designated national authority for Clean Development Mechanism projects. The objective of the Carbon fund is to provide technical and financial assistance to the CDM project developers in various areas. This is also important as Sri Lanka lags in this area while other developing nations are way ahead of us.

There is one important fact significant to be reminded here. There was an institution which was initiated to fulfil at least a few similar objectives of this secretariat. That was the Centre for Climate Change Studies established in 2000, as a part of the Department of Meteorology by a Cabinet Memorandum dated June 11, 1999 to address issues related to Climate Change. It was housed at the Department of Meteorology and often mentioned as a division of that department. That centre was more dedicated for research and information dissemination activities. There were some important researches carried out through that centre and some of these researches were presented in academic symposiums subsequently. However, apart from the few web pages available online as at 13/05/2008 (www.meteo.slt.lk/cccc.html), a few publications of this centre seem to be inactive since 2003. The web site appears to be not updated since 2003.

We hope that the new secretariat will be a successful initiative. However, the challenge is not to initiate institutions, but to continue the important work initiated with productive results.

****

Sunday, March 16, 2008

Buffett world's richest man, Slim second - Forbes

UPDATE 1-Buffett world's richest man, Slim second - Forbes
http://www.stocktradingtogo.com/wp-content/uploads/2007/08/buffet.jpg


pic
In Pictures: Race For Title Of World's Richest Man


row2image
In Pictures: Berkshire Billionaires


row2image
In Pictures: Berkshire Hathaway's Biggest Investments

By Emily Chasan

NEW YORK (Reuters) - Warren Buffett, the famed U.S. investor who heads Berkshire Hathaway Inc (nyse: BRKA - news - people ), replaced his friend and Microsoft Corp (nasdaq: MSFT - news - people ) founder Bill Gates as the richest man in the world, Forbes magazine said Wednesday.

The magazine estimated Buffett's worth at $62 billion in its annual ranking of the world's wealthiest people.

Mexican telecoms tycoon Carlos Slim came in second with an estimated worth of $60 billion, pushing Gates to third place after 13 years of holding the No. 1 spot.

The magazine estimated Gates' worth at $58 billion.

Buffett's rise to No. 1 was particularly noteworthy, Forbes said, as it came at a time of great financial turmoil and as Buffett has begun to siphon off part of his fortune to charity.

"Even though he is giving away a piece of his fortune each year, the stock of Berkshire Hathaway, the source of Warren Buffet's wealth, has been rising very rapidly," Chief Executive of Forbes Magazines Steve Forbes said, noting Buffett's fortune climbed $10 billion in the last calendar year.

Buffett in June 2006 announced plans to give 85 percent of his fortune away, granting it to the Bill & Melinda Gates Foundation and four family charities. Bill Gates serves on the board of directors of Berkshire Hathaway and is a long-time bridge buddy of Buffett's. Gates has also given a substantial amount of his fortune to the foundation.

Buffett, often called the Sage of Omaha, has been lauded among investors for his preference for investing in larger companies with easy-to-understand businesses, large or dominant market shares, consistent earnings, and strong management.

In the early 1960s, Buffett started to invest in Berkshire, then a struggling textile maker, and took it over in 1965. Since then, he has transformed it into a holding company for more than 50 companies, ranging from Benjamin Moore paint and Dairy Queen ice cream to Fruit of the Loom underwear and Ginsu knives.

Gates has held the No. 1 spot since 1995, when he unseated Yoshiaki Tsutsumi, a Japanese real estate tycoon. Tsutsumi fell off the billionaire's list last year after receiving a suspended prison sentence for falsifying financial statements and insider trading in 2005.

Slim, a former stock market trader, is known for buying up struggling, cheap firms and turning them into profitable cash cows. He built his fortune by privatizing former Mexican state telephone monopoly Telmex. America Movil (nyse: AMX - news - people ) , a Telmex spin-off, is is now Slim's flagship business and Latin America's biggest mobile phone company.

KEEPING UP WITH THE RUSSIANS?

The collective net worth of the world's 1,125 billionaires soared to $4.4 trillion, the magazine said.

The list of billionaires has almost doubled in the past four years, Forbes said. There were 469 U.S. billionaires, worth a combined $1.6 trillion, while the 656 billionaires who live outside the United States are worth $2.8 trillion.

Russia came in second place as home to 87 billionaires and Moscow is now the world's billionaire center, the magazine said. The Russian capital is now home to more billionaires than New York City.

India, China and Turkey also saw large gains in numbers of billionaires.

The world's youngest billionaire is 23-year-old Mark Zuckerberg, founder of social networking Web site Facebook. The magazine estimated his worth at $1.5 billion and said he is the youngest self-made billionaire to ever appear in the Forbes billionaire rankings.

Recent turmoil in the financial markets has taken its toll on the list.

James Cayne, Chairman of investment bank Bear Stearns Cos (nyse: BSCPRE - news - people ) ; William Pulte, who founded U.S. home builder Pulte Homes (nyse: PHM - news - people ) Inc; and Howard Schultz, founder of coffee chain Starbucks (nasdaq: SBUX - news - people ) all fell off the billionaire's list amid declines in their companies' stock prices.

The decline in the dollar, a trend that Buffett himself has been betting on since 2002, provided a boost to billionaires outside the United States, particularly because the Forbes list is tabulated in U.S. dollars.

The full list of billionaires is available at (http://www.forbes.com/billionaires). (Editing by Michelle Nichols and Eric Walsh)

Copyright 2008 Reuters, Click for Restriction

Warren Buffett Biography

From Joshua Kennon,
Your Guide to Investing for Beginners.
FREE Newsletter. Sign Up Now!

The Story of Berkshire Hathaway's Billionaire Chairman

Warren Buffett is Born

Warren Edward Buffett was born on August 30, 1930 to his father Howard, a stockbroker-turned-Congressman. The only boy, he was the second of three children, and displayed an amazing aptitude for both money and business at a very early age. Acquaintances recount his uncanny ability to calculate columns of numbers off the top of his head - a feat Warren still amazes business colleagues with today.

At only six years old, Buffett purchased 6-packs of Coca Cola from his grandfather's grocery store for twenty five cents and resold each of the bottles for a nickel, pocketing a five cent profit. While other children his age were playing hopscotch and jacks, Warren was making money. Five years later, Buffett took his step into the world of high finance. At eleven years old, he purchased three shares of Cities Service Preferred at $38 per share for both himself and his older sister, Doris. Shortly after buying the stock, it fell to just over $27 per share. A frightened but resilient Warren held his shares until they rebounded to $40. He promptly sold them - a mistake he would soon come to regret. Cities Service shot up to $200. The experience taught him one of the basic lessons of investing: patience is a virtue.

Warren Buffett's Education

In 1947, a seventeen year old Warren Buffett graduated from High School. It was never his intention to go to college; he had already made $5,000 delivering newspapers (this is equal to $42,610.81 in 2000). His father had other plans, and urged his son to attend the Wharton Business School at the University of Pennsylvania. Buffett stayed two years, complaining that he knew more than his professors. When Howard was defeated in the 1948 Congressional race, Warren returned home to Omaha and transferred to the University of Nebraska-Lincoln. Working full-time, he managed to graduate in only three years.

Warren Buffett approached graduate studies with the same resistance he displayed a few years earlier. He was finally persuaded to apply to Harvard Business School, which, in the worst admission decision in history, rejected him as "too young". Slighted, Warren applied to Columbia where famed investors Ben Graham and David Dodd taught - an experience that would forever change his life.

Ben Graham - Buffett's Mentor

Ben Graham had become well known during the 1920's. At a time when the rest of the world was approaching the investment arena as a giant game of roulette, he searched for stocks that were so inexpensive they were almost completely devoid of risk. One of his best known calls was the Northern Pipe Line, an oil transportation company managed by the Rockefellers. The stock was trading at $65 a share, but after studying the balance sheet, Graham realized that the company had bond holdings worth $95 for every share. The value investor tried to convince management to sell the portfolio, but they refused. Shortly thereafter, he waged a proxy war and secured a spot on the Board of Directors. The company sold its bonds and paid a dividend in the amount of $70 per share.

When he was 40 years old, Ben Graham published Security Analysis, one of the greatest works ever penned on the stock market. At the time, it was risky; investing in equities had become a joke (the Dow Jones had fallen from 381.17 to 41.22 over the course of three to four short years following the crash of 1929). It was around this time that Graham came up with the principle of "intrinsic" business value - a measure of a business's true worth that was completely and totally independent of the stock price. Using intrinsic value, investors could decide what a company was worth and make investment decisions accordingly. His subsequent book, The Intelligent Investor, which Warren celebrates as "the greatest book on investing ever written", introduced the world to Mr. Market - the best investment analogy in history.

Through his simple yet profound investment principles, Ben Graham became an idyllic figure to the twenty-one year old Warren Buffett. Reading an old edition of Who's Who, Warren discovered his mentor was the Chairman of a small, unknown insurance company named GEICO. He hopped a train to Washington D.C. one Saturday morning to find the headquarters. When he got there, the doors were locked. Not to be stopped, Buffett relentlessly pounded on the door until a janitor came to open it for him. He asked if there was anyone in the building. As luck (or fate) would have it, there was. It turns out that there was a man still working on the sixth floor. Warren was escorted up to meet him and immediately began asking him questions about the company and its business practices; a conversation that stretched on for four hours. The man was none other than Lorimer Davidson, the Financial Vice President. The experience would be something that stayed with Buffett for the rest of his life. He eventually acquired the entire GEICO company through his corporation, Berkshire Hathaway.

Click Here

Sunday, April 8, 2007

The Future Cricket

ICC Events 2007 – 2015

2007 Cricket World Cup March/April West Indies*

Twenty20 World Championship September South Africa

2008 U/19 Cricket World Cup February Malaysia

Champions Trophy September Pakistan

2009 Women’s Cricket World Cup March Australia

ICC Trophy April UAE

Twenty20 World Championship June England

2010 U/19 Cricket World Cup February Kenya

Champions Trophy March/April West Indies

World Cricket League TBC The Netherlands


2011 Cricket World Cup February/March Bangladesh/India/

Pakistan/Sri Lanka


2012 U/19 Cricket World Cup July Canada

Champions Trophy/ September Sri Lanka

Twenty20 World Championship

2013 Women’s Cricket World Cup February India

Champions Trophy/ TBC TBC

Twenty20 World Championship

2014 Champions Trophy/ April Bangladesh

Twenty20 World Championship

U/19 Cricket World Cup February/March UAE

World Cricket League TBC TBC

2015 Cricket World Cup February/March Australia/

New Zealand

* broadcast and sponsorship rights for this event owned by Global Cricket Corporation


Facebook > Fans

NASA Breaking News - Feed

Astronomy.com - News

Space Wire Top Stories Feed

Today"s Highlights Of The World

Today in History

Birthdays Today

NASA Image of the Day - Feed

NASACast Audio , To listen, Click - Feed

Medicine Net Daily News - Health News

Health News from Medical News Today - Feed

The New York Times

Crestock Daily Free Image

BBC News | Science/Nature | World Edition

BBC News | Health | World Edition

BBC News | UK | World Edition

BBC News | Asia-Pacific | World Edition

BBC News | Africa | World Edition

BBC News | Middle East | World Edition

BBC News | Europe | World Edition

BBC News | Business | World Edition

BBC News | Entertainment | World Edition

BBC News | Technology | World Edition

Sky News | World News | First For Breaking News

CNET News.com

PC World: Latest Technology News

Newsweek Top News

Guardian UK - Unlimited